⚡️Good Morning ☕️

🌸 Pura Vida 🍑

Unfortunately, I won't be able to attend the #Bitcoin 2024 Conference, so I'm reselling my ticket. The price is negotiable 🤙

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I always argue that fiat isn't going away because it's simply the most powerful tool States have to achieve total domination over their subjects, and that Bitcoin will, at most, become a reserve and store of wealth asset/commodity. Just like there are many other asset classes.

As to the visions of hyperbitcoinization and a big upset and collapse of the system, I simply don't think they're going to happen. The incumbents will adapt and will capture as much of Bitcoin as they can, as we've already seen with billionaires like Michael Saylor. Others will follow, and in the last stage even central banks will hold a piece. The most recalcitrant and close-minded among the elites who refuse to hop on the Bitcoin wagon will simply miss out and be relegated -- in that asset. There is always some attrition at the top.

The key difference though, is that Bitcoin is probably the first asset class in recent history that hasn't been captured from inception by the incumbent status-quo beneficiaries. It's truly something phenomenal, in that it gives a bunch of nobodies the opportunity to position themselves as holders of a significant portion of this asset, ahead of the incumbents.

The weakest among us will sell to Michael Saylor and Blackrock, or will allow their BTC to be seized by their government. A second portion of us will fail to turn their Bitcoin wealth into real world wealth and, sooner or later, their stack will succumb to attrition, either because they fail to understand that Bitcoin, as a non-yield bearing asset doesn't replace itself when you spend it, or because they fail to use it wisely as collateral and eventually have to liquidate their holdings.

The remainder who learn how to use Bitcoin correctly and wisely, will eventually join the ranks of the world's elite and become the new incumbents themselves.

Yes, my outlook is quite cynical. This is my bleakest vision of what's to come. Kind of the worst case scenario for which I prepare, just in case.

Leftists are scum

Leftists are scum

“Quote tweeting” is the social media equivalent of a circle jerk.

Thinking about it some more, maybe the ideal ux is not showing the ecash as valid until it’s been auto-swapped into your mint of trust? nostr:note1gxhgmpc5k8ep0m2zyjn97q2wx32zp7dez0zlpzsvtxu8drzd3f4qrf400v

“My emphasis is to give respect to women – and equality is not against men. It is a world which belongs to you both and you both have to be together to make it as beautiful and as divine as possible. Man alone – you have been creating only wars. In three thousand years, five thousand wars…Is life just to fight? Is life just to kill, massacre, rape? Your whole history is full of murder and you call those murderers your great men.”

OSHO - Sat-Chit-Anand: Truth-Consciousness-Bliss, Talk #26

Simple Mail Transfer Protocol "SMTP" ended up being rather captured/centralized toward an oligopoly over time in an effort to manage spam.

Here's another #asknostr for today:

What aspects of Nostr's design will make it more resistant to that fate? The social graph web of trust element?

Your bank could already be insolvent. It’s not like they’d tell you.

Vote accordingly #Trump2024

My buddy likes Legos

also I have Iron Man stuck in my head so now you should too