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Bayman11771
b547984d9658ab57c96463758d8fe6b9eb3933c3e68a4780d73165f0543a10f6
Director of Government Affairs, Bitcoin Policy Institute

This was a banger of an episode. nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg is incredibly humble - all despite being one of the very best in the space. Any doubt? This is a man who is happy when he sees others building on a protocol he built without his even knowing it. That is a true commitment to open source.

Honorable mention - nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx describes CNBC's Squawk Box as the work's biggest bitcoin podcast. Gold.

Of course we all know that "blue sky" ideas usually end up being something that might sound good but ultimately never works out.

You want centralized, just stay on X. If you want to own your voice, #Nostr is the way.

I have seen a lot of talk about consensus on #Nostr and elsewhere over the past few weeks. I am not a developer, and most certainly have less time invested in Bitcoin than many of you. I do have other professional experience, however, that causes me to believe this topic is more important now than at any time in the recent past. Please take my impressions as just that, and I offer them as food for your collective thought.

Until now, Bitcoin has enjoyed the support of a community of developers driven by principled belief in the protocol. Many of you persevered through the times when Bitcoin’s continued existence was not a certainty, and whatever battles you fought were ultimately in defense of a principled vision for what Bitcoin should be. Those battles were also fought among people who knew each other, often for years. As we stand at the precipice of accelerating adoption, the mechanism for arriving at consensus for changes in the protocol will be tested by new entrants to the ecosystem.

Regardless of your thoughts about ETFs and the financialization of Bitcoin, the reality is new, powerful actors are entering the space, actors whose commitments to the principles of the protocol are tempered by the allure of profits. As the invested wealth of these actors grows, it is only a matter of time until they view the developer community as a mechanism for influencing the protocol to their benefit. Young, promising developers who perhaps today have no interest in Bitcoin will soon find lucrative employment opportunities with tradfi firms that today want to better understand and, perhaps tomorrow, influence the development path of Bitcoin.

Additionally, financialization will also bring increased government scrutiny of Bitcoin, markets, and even the developers maintaining and building the protocol. With soon to be trillions of dollars of wealth tied up in Bitcoin, it would be naïve to think that governments will not show interest in how Bitcoin is maintained and developed.

I couldn’t tell you what I think is the best mechanism for arriving at consensus changes. I leave that to all you developers whose talent, time, and emotional capital are imprinted on the protocol. I do believe the proverbial clock is ticking towards a moment in which financial institutions and perhaps even regulators will seek to "tame" Bitcoin and have it serve the interests of the establishment. Without your hard work and vigilance, the 0s and 1s grateful plebs such as myself guard so preciously could easily become worthless bits of data. While I’ve written a lot to end up with no useful suggestions, I do hope I’ve highlighted what I see is a coming pressing need for some kind of agreed upon framework for consensus changes that will both allow for smart evolution while still respecting a set of core principles.

And to all the developers - thanks for all you do.

#Bitcoin

Been noodling this…is Trump a fourth turning or first turning figure? I guess it depends on how the next year goes. Welcome everyone’s thoughts.

#bitcoin #asknostr

GM🫡

HAPPY FRIDAY AND WISHING EVERYONE A GREAT WEEKEND!

Who else out there kicks off thousands of peoples’ days with a warm “GM!”

If that’s annoying, well then, as Odell might say it…

STAY ANNOYING!

As more states and large institutions adopt #Bitcoin, they will certainly take an interest in how the protocol is maintained and changed. Credit to James for raising awareness.

nostr:note1ztff8qna8khpe2ay3fkjd3cu5dwly6f67x2n87c83kpuf32wlmgshtuqxj

GM💪

KEEPING HUMBLE TODAY, JUSTY HAPPY TO BE HERE.

No matter how much I try otherwise, I am increasingly convinced that Bitcoin is where I need to be working. Beyond my family and friends, Bitcoin connects me to a network of people, all but a tiny percentage of which I will never cross paths. But despite that distance, it’s a group I know shares a common foundational view on how humanity can better organize itself. So matter how hard I try hard to imagine otherwise, I know that I should be working to build Bitcoin.

#bitcoin #freedomtech

👇

nostr:note1y50mj7wtp8gz83dp8m8x4dm7aed8t0mj3hw937uutev8xgjv22mqf83zsc

GM 🫡

AND TREAT "LIVE" LIKE THE VERB IT IS. DO YOUR PART.

My friends and I have decided - nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx needs to go on Rogan. Rogan would totally vibe with the freedom tech message - and millions of people would finally hear the message from our most capable messenger.

#bitcoin #freedomtech #nostr

GM🫡

LIVE FREE - AND THANK A VETERAN TODAY FOR THEIR SERVICE.

HAPPY VETERANS DAY.

Happy Veterans Day. Thank you all for your service and sacrifice.

🇺🇸

nostr:npub1szn2v4mha08f7lvupml8rg4e4wcqdu5mqlc6nlspjlpj65m2jl3qq69297

#Bitcoin

nostr:note1jsgw9tdgewp738nkwjj5tnvd8rrdnq9m0l4gkyyzs0t0cgmxu76sqg9sa5

My guess…data breach that included ethnic identifiers. Think how many times you’re asked to designate your ethnic group on a variety of applications, memberships, etc. Costs money to do something like this…bet this is a state actor.