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Dikaios1517
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│Christian│Husband│Father│Presbyterian│Bitcoiner│ In that order. Find my reviews at nostr:npub1rsv7kx5avkmq74p85v878e9d5g3w626343xhyg76z5ctfc30kz7q9u4dke Bolt12: lno1pgz95ctswvtzzq3kw0eghxwlgwrsq84tp28uqc8cewk83vhendsnz3jdum7hut3y75

@stackshiny It will, by definition, start with smaller adoption than Bitcoin and will have to be better than Bitcoin by orders of magnitude in order to outpace it, which it will already be starting with a handicap due to infinite supply.

Replying to Avatar Dikaios1517

Replying to https://twitter.com/stackshiny/status/1668984539610329091:

@stackshiny Sorry bub. If those who have already been active in Bitcoin couldn't successfully kill it with a fork, then a bunch of new entrants aren't going to have a prayer

@stackshiny You posit that a mere 1% of the world deciding to fork #Bitcoin to eliminate the supply cap would easily overpower the existing network effect of Bitcoin, but nothing new is going to drop onto the market with instant 1% worldwide adoption.

Replying to https://twitter.com/stackshiny/status/1668984539610329091:

@stackshiny Sorry bub. If those who have already been active in Bitcoin couldn't successfully kill it with a fork, then a bunch of new entrants aren't going to have a prayer

Replying to Avatar Dikaios1517

Replying to https://twitter.com/stackshiny/status/1668782257459417088:

@stackshiny You act as though no one has ever tried forking #Bitcoin before, like it might be some silver bullet to the maximalists who will be left as a small minority with their fixed supply token that no one wants. Yet, Bitcoin has been forked before and will be forked again.

@stackshiny Looking forward to selling that garbage when it inevitably happens.

Replying to https://twitter.com/stackshiny/status/1668782257459417088:

@stackshiny You act as though no one has ever tried forking #Bitcoin before, like it might be some silver bullet to the maximalists who will be left as a small minority with their fixed supply token that no one wants. Yet, Bitcoin has been forked before and will be forked again.

This man has no concept of incentives. There is no incentive to dilute #Bitcoin 's supply cap and every incentive to maintain it. https://t.co/Lz8JZeoBS2

Replying to https://twitter.com/buyingbtctozero/status/1668273687428988932:

@theyoungrossco Take out USDT and USDC and it already has.

Replying to Avatar Enki

Heres one for the hording NGU types.

TL;DR if we want Bitcoin to really suceed we need to be using it as money. Not hording it. This is partly why I dont give a shit about corpos "having Bitcoin on the balance sheet". It means jack shit if they dont use it. This dosent mean one can't save in Bitcoin but we also cant hord it ad infinitum.

"Lunar Fallacy

There is a theory that hoarding bitcoin guarantees to perpetual profit. The theory is based on the following economic laws.

• One money is better than two (Metcalfe’s Law)

• Better money displaces other monies (Thiers’ Law)

• At fixed supply, price rises with demand (Law of Supply and Demand)

• Potential increase in demand is unbounded (trade is positive sum)

Hoarding is purely speculative, with all returns constituting profit or loss. The money is not lent to another for interest and so is always available for exchange, a benefit that offsets interest forgone.

A corollary to the theory is that no investment in production is required to profit from it. Capital is required for all production. Lenders (investors) earn interest in exchange for time without their capital. Production is the source of trade and therefore all economic activity results from investment. A hoard is defined by its lack of consumption in production. If all people hoarded their capital, there would be nothing to trade and therefore no demand for the money

It seems that the theory is irrational, supporting the idea that Bitcoin is indeed Magic Internet Money. When a theory results in a contradiction, the theory is flawed. A fixed supply market money can only increase in purchasing power due to:

1. economic growth – creating more demand for use of the money is exchange

2. monetization – people transferring demand from another money

Yet economic growth is strictly the result of investment. Growth is necessarily less than the return on investment (interest), and full hoarding is no investment at all. And of course monetization has a limit. Finally, the theory fails to recognize the stability property of Bitcoin. For these reasons the theory is invalid"

#bookstr #Cryptoeconomics

I absolutely think we need to be willing to use a portion of our stack for spending. If I didn't, I'd never zap a single sat. However, I think the main driver behind merchant adoption will not be their customers signaling that they want to spend their Bitcoin. Rather, it will be that the merchants themselves will prefer to be paid in Bitcoin and will offer better deals to those willing to do so.

Replying to https://twitter.com/ShireH0DL/status/1667583398079000576:

@ShireH0DL You promise? I would LOVE to stack sats at those prices.

Replying to https://twitter.com/coinbase/status/1666151971324334080:

@coinbase Doesn't need to be any clearer than this: #Bitcoin is the best money the world has ever seen. All of crypto is a distraction at best and an outright scam more often than not.

Any wallet that supports LNURL can also usually pay to a lightning address. I use Alby, but have a couple others as well from other services I use, such as Fountain and Strike.

If you run your own node and own a domain, you can also set up your own.

Does not appear to be working. Looks like you put in a LNURL. Do you have a lightning address (looks like an email address)?

#Bitcoin isn't difficult #plebchain

My first article published on #Nostr

nostr:naddr1qqyrqvtzvymkyv33qgstwf6d9r37nqalwgxmfd9p9gclt3l0yc3jp5zuyhkfqjy6extz3jcrqsqqqa28ky9zn2

Thanks so much! Keep an eye out. I have some other things I have previously written but never posted before that are specifically geared towards newcomers.

My first article published sovereignly via blogstack.io

#Bitcoin #plebchain #Nostr #freespeech

nostr:naddr1qqyrqvtzvymkyv33qgstwf6d9r37nqalwgxmfd9p9gclt3l0yc3jp5zuyhkfqjy6extz3jcrqsqqqa28ky9zn2

Replying to https://twitter.com/21milinfinity/status/1665786790505066500:

@21milinfinity @epodrulz @schulzzy I help with hosting the one here in CDA. I will make sure to let you know when we have the next one. Currently looking at some time in August.

Sovereign Craft is a Minecraft server on Java Edition (Bedrock support is in the works) that integrates Bitcoin into it's player-led economy using actual Lightning wallets that hook into the game's economy plugins.

So, for instance, a couple of those transactions were from me selling stacks of iron ingots on the in-game auction house, and I received payment directly to my Lightning wallet that is imported into Blue Wallet.

Stacking sats has never been so fun!

Just some earnings from the auction house on Sovereign Craft, the #Lightning powered Minecraft server.

#Bitcoin #gaming # Bitcoin gaming #plebchain