Bitcoin has value because miners mine blocks to make changes to a ledger of who owns how much money in the world. A global ledger of everyone's balance. And millions of people believe in this ledger. A fixed supply is a feature of Bitcoin. Its not the whole thing. "Store of value" is just one of the narratives of Bitcoin.
I want to write about why Bitcoin will be used as the default currency in the world. There's this another narrative. Bitcoin is the aligner of energy. Something that's not talk about enough. I will have to write an article about it to make it convincing.
We don't have a deadline for our bet ;).
But my question is, why is there a need to regulate it at all?
So my point is, Bitcoiners should not be regulated because they're wealthy.
Bitcoiner did not become wealthy by simply buying Bitcoin in 2015 for cheap. Remember, wealthy bitcoiners is why we are still here. Hodlers especially.
Early Bitcoiners bought Bitcoin with their own hard earned money, worked throughout the time to buy more Bitcoin, had enough conviction to not sell their Bitcoin even when they are millionaires in Dollar value which requires conviction of an unimaginable degree.
They did not sell. They held their SATs. That's the value they provided to the network. They will be wealthier but they earned it. It was NOT easy.
If you want their Bitcoin for you to be wealthy, provide value to the Bitcoiners. Solve their problems. Everyone has problems.
I wish I had enough knowledge about Tor to answer that. Privacy focused research is needed.
Yes. By educating them. While becoming wealthy yourself. Educating for free will last for a few years and will die out.
Exactly. There will always be wealth inequality. It is not our problem to solve. Lack of wealth is not the problem for poor people. Lack of ways to be wealthy is the problem. The only way you can solve for wealth equality is by providing value to those people in return for money. By educating them.
Bitcoin doesn't solve that. It solves a different problem. A problem where even if you're wealthy, you're becoming poorer and poorer over time because of the system you are living in. Poorer by inflation, poorer by your tax hungry govt that spends in an increasingly inefficient manner.
I don't know how exactly it works but nostr:npub1f6ugxyxkknket3kkdgu4k0fu74vmshawermkj8d06sz6jts9t4kslazcka probably does.
Because I believe in Network States as the next revolution that might solve the problems with the Nation States we see today. - Balaji
Longevity is a vital research field that will help humanity a lot. Imagine Einstein like individuals being able to stay alive and help build nuclear fusion plants. - Bryan Johnson
American politics teaches us a lot of things. Its at the forefront of new technologies like AI and crypto, and it is very helpful to keep ourselves updated about what's happening there. And Marc tweets with perspectives that align with mine. - Marc Andreeson
Elon Musk himself and the exploration of space tech, neuralink, and cars.
I would never miss any of this even though there are a lot of things I'd change in Twitter. I have to go through various posts to sometimes find good content on Twitter but its still worth it.
And a bit of social media addiction on top of all this. Well...
Don't yield yet. How will you even apply violence? I don't believe that's the only way out. Protection against violence could be a way out.
What would you say about Tor?
Also, would you say Mullvad is different?
I want to watch those videos as well
Put it in a cloud without any links to where that cloud infrastructure lives and only accessible via encrypted traffic. Similar to Tor servers. Nobody knows where they are.
But that has nothing to do with regulating Bitcoin and has everything to do with regulating your assets. If a whale could buy up all the water sources in a country, they would just convert their Bitcoin into local currency and buy a river or two. What has Bitcoin got to do with any of that?
Bitcoin does not need any kind of regulation. Countries already have regulations for who can own properties. I don't understand why Bitcoin being permissionless is a problem here. nostr:npub1cm87c625x3tzqu2qzf7e845749k58u7xvx2gc8ym0wmg9sytwwuqdrzwm4
Because there is demand for gas. Why wouldn't they promote something they have?
Yes. I would do the same.
2 arguments
1. Will bitcoin ever be used as money? If not it'll lose its value.
2. Bitcoin needs regulation.
I'll tackle the 2nd one first. Why is there a need for regulation if we use Bitcoin as money? Money doesn't need any regulation from any state. What kind of regulation are you talking about?
Hey nostr:npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jl wanna split $50? Back me up.
I think they might have created this problem because it is probably hard for politicians and corporations bribing them to extract value by building new nuclear power plants.
First of all, it requires competence. You can't really accept bribes by allowing low quality equipments in the nuclear power plants because if they fail, you'll never get elected again. Why take such a risk when you buy Russian oil which requires a lot more moving parts where you can extract value?
And of course the incumbents that are already rich because of oil based products also bribe govts to lean towards oil.
Nuclear energy is pure. Energy is generated and goes into the grid. The govts lose some leverage if they go full nuclear.