Bitcoin was not designed to give the world access to the Nation State's fiat currencies. It was designed to replace those currencies completely.
Fiat currencies and their natures are not changed by “Bitcoinising” them, which is not even possible. The Central Banks and Federal Reserve still have control over the money supply which is the fundamental problem witih them and the reason why Bitcoin has a fixed supply.
The doublethink going on with Stablecoins is breathtaking. On the one hand, advocates of stablecoins (mostly U.S. Americans) claim to want a Bitcoinized world, but on the other hand, they want the poorest in the world to have easy access to the heroin of fiat US Dollars. Why?
Imagine going to a witch doctor who told you that in order solve a problem in his country you had to cut off your right foot and nose. You would never do that, because you know that’s insane.
Why then would you listen to a person who is completely ignorant about The US Dollar Problem when it comes to designing any solution, and uncritically give them exactly what they ask for?
Of course, you would not do this, any more than you would give a toddler a loaded hair trigger pistol. And you would not suggest that someone who is a drug addict should be given Heroin just because he says it's what he wants.
There are arguments for giving people what they want, in order to not be a “Colonialist” imposing Bitcoin and sound money on others but these arguments don’t apply here. It is entirely the fault of the west that the fiat US Dollar has infected, exsanguinated and wrecked foreign countries, and so to remedy this, asking these people if they want stronger Heroin is just nuts.
Never forget while we're at it, that in a free market, people are at liberty to develop whatever tools and services they want and then launch them to see if the market will accept them. You can’t be for the free market and then say people should not produce whatever they want and try to serve people in ways they think are correct. That includes toxic Stablecoins and phantasmic fiat assets on the Blockchain.
Nevertheless, in the world you are living in where the fiat US Dollar is ruining everything, it is hard to unpack the thinking that makes the claim that spreading poison to the weak is beneficial to mankind. Spreading the US Dollar poison will extend the life of fiat for sure should it take off, and that cannot be a good thing.
Saying that this is an interim stage to hyperbitcoinization is just a rationalization, and cannot cover the unethical nature of what it being offered.
And consider competition. Companies who want to get ahead of this sad fad and choke it off will go the traditional rails route by offering near friction free US Dollar account apps to anyone who wants them without the “Blockchain” smoke and mirrors.
Offering US Dollars on MySQL is indistinguishable from offering them on “Blockchains” as far as the user is concerned and very much less difficult and risky technically for companies to implement. You're not relying on a single vendor that can make mistakes and that treats the ecosystem as a massive game.
Something like this, MySQL Dollars could spread virally and more easily than apps that have “Blockchain” fairy dust mixed in with them, and so that moat does not exist in any real way.
And please don't intone, "But it would not be decentralized!" No one who these services are designed for knows or cares about "decentralization" or the other sacraments of The Bitcoin Cult. They only care about the effect that shows up in their app, not the underlying network architecture.
On the one hand, these people vaunt decentralization, but on the other, think centralized fiat is what people want and need, and don't seem to accept that if the user's needs come first, then if you're going to abandon Bitcoin, why not abandon decentralization and offer US Dollars over MySQL? They're totally illogical from the root up.
And then there is the problem of The State. "If you are offering 'assets' you are regulable", will be the SEC narrative. It is hard to imagine how this is not the case. I imagine we will soon see.
If this is the case, then not only will the “asset” issuance part of any platform be impacted, but the software tentacles that reach back in to the pure Bitcoin part of any system used to issue those “assets” will also be impacted, if the two systems are inextricably interwoven and not modular.
If the fiat US Dollar problem is real, and the death of the US Dollar inevitable, then everything built on US Dollars is also doomed to die a catastrophic death with it.companies offering easy access to US D ollars on MySQL without “Blockchain” magic will be left unimpacted to thrive and dominate, because they did not play word and architecture games and served people directly with what they needed without tricks.
In the future, where will Bitcoin be in all of this?
If the fiat US Dollar problem is real, and the death of the US Dollar inevitable, then everything built on US Dollars is also doomed to die a catastrophic death with it.
What might be left behind is an Aerogel financial network where Bitcoin touches everything, all US Dollars having been evaporated by the solvent of the market, the value stored in Stablecoins being inherently worthless and evil. True Bitcoiners know this.
Putting US Dollars on Bitcoin is not a step forward, it is a step backward. It is a step for evil. It promotes evil and spreads evil. It entrenches the strength of the US Dollar, and doubletalk about using Bitcoin’s liquidity as a transport layer is smoke and mirrors, techno babble, and jargonism, as is “Bitcoinizing the US Dollar” which is pure Bitcoin Cult nonsense on its face.
I have no doubt that the people who seek to spread the US Dollar are not ill willed and are simply gravely mistaken. They are not the first to be mistaken about the US Dollar and it's nature, and they certainly will not be the last while the US Dollar continues to exist.
The market will determine their fate, that and the violence of the State.
At last, someone who can THINK and conjure poetry in English!
YOU HAVE NOWHERE TO GO. YOU HAVE NOWHERE TO GO.
You're conflating the effect of a tool with the nature of a tool. This logic is what leads people to think, "Guns are dangerous" and even more absurd, that AR-15s are more dangerous than any other type of rifle. It's emotionalism and illogic.
Using words like "tech" as shorthand is not useful and often misleading, so I would not do that when trying to have a precise discussion.
Technology can be used to provide a service. Software can be used to provide a service also. Tools do not "acquire definitions" they are defined by what they are; people develop analogies and superimpose them on tools and services. This is a mistake, and Bitcoiners have suffered from it gravely.
The Bitcoin cultists think that Nostr could prevent Biden's handlers from making statements on his behalf. They're totally delusional, obviously.
Let's say that Biden needed to use a fingerprint to Tweet. All someone would need to do is take his finger, whether attached to him or not, to make a Tweet "as Biden". And all the delusional drones who think, "signing proves identity." are just that; completely delusional and unaware of how anything actually works:
https://medium.com/@beautyon_/beach-boy-bitcoin-64f62bed4c7e
Noster can't fix everything, and neither can Bitcoin; and there is a class of Bitcoiner that has shifted this narrative from "Bitcoin fixes this" to "Nostr Fixes this". It's the same Bitcoin Cult under a different name.
People who think software services like X, Bitcoin and Nostr are "technologies" betray their complete lack of understanding of what a technology is. Services are not technologies; they are made out of technologies.
And if you think a "signing key" will protect the launch procedure from being hijacked, you really don't understand how signing keys work, probably never used GPG, and are ignorant of the history of Cryptography.
Which is fine. No one can be expected to know everything.
These things are being said because it is important for people who prefer not to be ignorant hear them to reign in the drooling fanboyism that masquerades for insight. They throw around words like "Open Source" and "Centralized" not knowing what these things mean or whether or not practical use can be made of them. They also don't like it when "Open Source" is used against them as intended, when their work is forked and someone makes a copy of it for profit.
Publishers of books are the worst offenders in this, breathlessly talking about "Open Source" whilst protecting their books with copyright.
One of the rare exceptions is Boldrin and Levine's "Against Intellectual Monopoly" that you can download for free AND buy on Amazon. Not so clever people think they're being smart by finger pointing Boldrin and Levine for selling their books thinking they're not available for free, only to be silenced by pointing to the URL where they are. How pathetic.
http://dklevine.com/general/intellectual/against.htm
Thankfully, Bitcoin can't suffer from the delusions of these people, who are toxic and retarding of the expansion of Bitcoin's use. Once again, if Bitcoiners can't overcome the voices of these people then it was always doomed to fail.
So far. It is THEM that are failing, not YOU.
"Huxley" by Ben Mauro is a graphic novel series set in a post-apocalyptic sci-fi universe. The story follows two scavengers who discover an ancient robot named Huxley and embark on an adventure that could alter the fate of the galaxy.
The series is known for its richly detailed artwork and complex world-building, reflecting Mauro's extensive experience as a senior concept designer and art director for major gaming franchises like "Halo" and "Call of Duty," as well as films like "The Hobbit" and "Elysium".
In addition to the graphic novels, the Huxley universe spans various media, including NFTs, games, and a planned feature film. The narrative explores themes of survival and discovery in a world devastated by a nuclear holocaust, with surviving humans building flying cities and adapting to harsh conditions on the ground.
The game "Huxley: The Dystopia," a massively multiplayer online first-person shooter (MMOFPS), was developed by H-Studio, a division of the South Korean company Webzen Inc..
If Webzen, the company that wrote this game decided to use a shared MySQL database with Ubisoft Montreal, the owners of Rainbow 6 Seige, the players of HUXLEY: The Dystopia would be able to enter their Rainbow 6 Seige login details to use the in game money “Renown” in HUXLEY: The Dystopia. Instead they decided to use the options below, both of which allow access to users of other databases.
Coinbase uses its own MySQL database to keep track of who has bought what Bitcoin or Etherium; why are their databases different to the databases running at Ubisoft?
They’re not different. THEY’RE EXACTLY THE SAME.
Therefore the question is this, “why are databases in Coinbase treated differently to databases at Ubisoft or Webzen or…Nintendo?”
And in case you didn’t know, genius, Bitcoin is just another database. It is not money at all, any more than Renown is.
No one has managed to provide an explanation for this different treatment of identical databases. It’s perplexing.
And I can tell you right now, that when people pretending to understand Bitcoin who are tasked with making legal judgements about it are asked this question, they have no answer. They are silent.
These legally trained non field experts are in fact imposters who don’t understand anything about Bitcoin, video games, databases, webhooks, webviews, iframes, software or anything about the contexts, realities, facts and common practices that are now decades old.
It’s also incredible that so many people “in Bitcoin” are also impostors; claiming that Bitcoin is money, that it is fundamentally different to MySQL and that it should be treated differently in law to any other database.
These people explanation for these deceived “Bitcoiners” is that they’re in a cult.
What is your excuse?
https://medium.com/swlh/why-america-cant-regulate-bitcoin-8c77cee8d794
Nostr doesn't suck. It's an idea in progress and it is very inspiring how it has been taken up and is being worked on.
Anyone who expects these things to come out of the box fully formed is not thinking straight. Unfortunately, in a world where censorship is a very big and real problem, people (including me) sometimes have little patience for the breathless nonsens masquerading as thinking.
Nostr should exist, just like Mastedon. BBses, Napster, Gnutella, BitTorrent were all steps in a progressoin towards an unstoppable and super efficient network (BitTorrent) that solved a very big problem leading to the ultimate question:
"What are Your Latest \/\/ 4 |^ 3 z"
I can't say where on the BBS to BitTorrent scale Nostr is, or even what its final destination is. What I can say is claiming that it can stop spam "Becuz digital signat00z" is ridiculous and very silly.
Nostr: “A web with authenticity where every note is signed.”
This is not true, and whoever wrote this doesn't understand what a Digital Signauture is.
Digital Signatures are made with unique text files called "Private Keys". They are not biometric keys and do not require a human to put them in a computer process.
A machine can make a digitally signed message and post it to Nostr; it is trivially easy to do because keys (which are merely strings of text [https://medium.com/swlh/why-america-cant-regulate-bitcoin-8c77cee8d794]) can be assigned as variables in any programming language.
The undercurrent thinking here is the Statist obsession with everyone on earth being uniquely identifiable by an ID Card of some sort, "To stop the Trolls and Spammers". Sorry; Nostr does not fix spam.
Nostr: "A web that's machine payable by default."
This line shows that the person who wrote it doesn't understand Public Key Encryption or how Bitcoin works.
If a machiine can pay money with Bitcoin (sign a message with a Private Key) automatically, why can't a machine make an unlimited number of spam posta (yes, "Posta") on Nostr using a Private key to sign and post a message?
The answer is there is nothing stopping machines from posting on Nostr. It also costs nothing to post on Nostr (but costs something for people to run nodes for other people who don't pay; a fundamental impediment to built in anti-Spam). Oh dear.
There is a lot of breathless talk about Nostr, and thoughtful enthusiasm in general is good, because without enthusiasm, developers (who as Will just said are not being paid) will not work on it.
The direction of travel is essentially correct on a very high level, but direction of travel and wishful thinking is not a destination, and without rational thinking taking what things actually are, and economics into account at the most basic level (that machines can sign messages, and authenticity doesn't come from clearsigning text with a Private Key [https://medium.com/@beautyon_/beach-boy-bitcoin-64f62bed4c7e] and that it costs money to run nodes and scale and a great many other things...) it is not possible for the fantasies of Nostr fanatics to come true.
Primal may be on to something with its integrated Bitcoin wallet. That's the single thing that makes me post "here". It remains to be seen what comes next, and I'm certainly paying attention to the software that gets released. Less impressive is the gushing nonsense of fanboys I'm afraid.
"Why we need less Bitcoin and more bitcoin"
https://azte.co/learn/articles/why-we-need-less-bitcoin-and-more-bitcoin
There is nothing more strange than people cosplaying as nonconformists who are in fact ultra conformists, taking on every trend, sacrament and lunacy of the State and putting it on as a badge of honor.
What utter nutcases!
They think that by doing this, by accepting everything, they're being "Open Minded" but in fact, what they're demonstrating is they've been brainwashed to be MKULTRA level "Blank Slated".
They will accept literally anything that comes out of the TV, embrace it, reflect it and promote it on command. Even their petty, wafer thin arguments and insults are taken from the playbook of the State.
That's why they use CIA created terms like "Conspiracy Theorist", thinking that using that term is completely destructive of any argument put to them.
These "men" are the "Useful Idiots", and as I've said before, there are many Useful Idiots in the Bitcoin Cult.
If these people really understood the effects that Bitcoin as money, the only money, on their beloved "Society", they would turn on it and fight to the death to destroy it.
They delude themselves that Bitcoin is "A Community" and other feel good nonsense as a psychological self protection denial strategy to excuse themselves from participating and promoting an idea that is 100% corrosive to their ideologies...which are, of course, not their ideologies at all, but that are in fact, ideologies trained into their disorderly Blank Slate minds by the State.
Once again, this is why it is so important to get the people who actually control things on side with Bitcoin, because it is those people who are brainwashing the members of The Bitcoin Cult, in addition to being in control of the major rails.
Once the Blackrocks, Banks, Rail Operators and different Nation States have all adopted Bitcoin, then they will brainwash their millions of hapless minions to accept it too, on whatever terms they're told to accept it. And they will accept, and promote and protect it, as if it was theirs and the idea came from them.
It is already proven that even "Hard Core" Bitcoiners can be switched from "Bitcoin Only" to "synthetic dollars too" as a completely acceptable idea, so it is abundantly clear that no real thinking or philosophical positioning or ethics are at work with them.
And don't even start on the purely anti-Bitcoin Ordinals debacle. These people are as leaves in the wind, followers of fashion; "Brown is the new Black", grasping at every fad, distraction and nonsense. They can be told that night is day and they will truly believe it, and repeat it, without torture (https://youtube.com/watch?v=EoDOazaijYY&ab_channel=HigherQualityUploads).
This is "Blank Slate" thinking, which in many ways, is worse than The Bitcoin Cult, because at least with the Cult, education is taking place with people who can be caused to join through careful persuasion. The "Blank Slaters" (https://youtube.com/watch?v=gAYOHh0B-4k&ab_channel=VadaVada) just accept anything they're told no matter how crazy or counterintuitive or anti-Bitcoin it is. No thinking or discernment is going on of any kind. YIKES!
Despite all of these problems, it is clear that Bitcoin is on a trajectory to do what it was designed to do, and the cosplaying, reality denying, wind blown, upside down circus clown, joiner, brainwashed, "Vassal of the State", shallow, uninspiring Useful Idiot class are already diminishing in influence.
Is it their own fault? I don't believe it is.
Brainwashees are victims of the State. They have been poisoned and systematically erased by vicious liars who have horribly mistreated and permanently damaged them. It's not their fault.
In the parallel universe one planck length away from this one, these people are virtuous, discerning, un gullible and very useful. They are not altcoiners, time wasters, Ordinal fans, threadbare hangers on or infantilized. They are problem solvers, not problem shirkers. They don't shrink from a challenge. They are strong, resilient, brave and patient; they're careful and powerful.
They are not objectionable. They have intellect with discipline; they use power for constructive purpose.
They are logical.
And lest anyone be in doubt, they're a riot to be with.
But that's the parallel universe. You are inhabiting this universe. And...that's...interesting...isn't it?!
"You can't print missiles"
Fuentes is very very close to the true reason why Bitcoin was written and its super power.
If you can't print money, you can't print missiles.
IF it is true that the stockpiles are running low all over the west (it is) then this means that they have to selectively use the weapons remaining to achieve short term goals. IF they wait to attack Iran, this gives Iran time to arm and become a threat.
This is the calculation they're making.
Russia has won, and cannot be defeated or even realistically challenged. So the calculus is to retreat from confrontation with Russia, saving face if possible, and then using the last of the weaponry on Iran, before a restocking exercise worth hundreds of billions in contracts is agreed.
All of this goes away if Bitcoin suddenly becomes the money of the entire world.
It will mean all inter State competition on Earth will be for Bitcoin and the people who can understand how it works under the hood.
There can no longer be steal taxes of inflation, and lying about what inflation is will not help; fiat is dead.
All of this is within grasp, and more and more people are waking up to it.
Iran, if it wanted to be really clever would totally abandon all nuclear development and wait for the dollar system to collapse. In fact, they should contribute to its collapse by adopting Bitcoin.
Now that would be REALLY clever.
Thankfully under President Trump, America is turning pro Bitcoin and will pinch off any possibility of other countries dominating in it.
All he has to do is allow the Constitution to do its work
https://medium.com/swlh/why-america-cant-regulate-bitcoin-8c77cee8d794
And then America's enemies will fall because the dollar system has collapsed and they will have no means of exchange other than with Bitcoin...which they don't have and can't generate in the short term.
SUPER INTERESTING!
Craig "Faketoshi" Wright, compelled to admit he is a liar and fraudster https://craigwright.net
And this is not the end of the end of Faketoshi, because he perjured himself, and has to be brought to justice for that.
Now that the very real and serious threat of Faketoshi has been destroyed, the difficult business of untangling other lies about Bitcoin can commence, and the biggest and most deeply entrenched lie is that Bitcoin is money.
Judge Mellor in his judgement on page 41 says, "Although Dr Wright has gone quiet...he clearly has a number of disciples who will not accept that he is not Satoshi."
The same thinking that compels idiots to believe Craig Wright is Satoshi is also at work in the many people who think Bitcoin is money and who compel KYC/AML on its use.
To destroy this dangerous and stupid idea, a concerted effort will need to be made by people with the correct narratives and contexts to finally free Bitcoiners from this last impediment to it going viral.
To do this, someone with the means and the software is going to have to release and combine tools and services that utterly destroy any idea that Bitcoin is money simply by those tools being used.
Those tools may or may not exist, but when they do, you can expect them to not only "Free the Bitcoin" but to also become the default way people interact with it, because by freeing the Bitcoin from the distorted, perverted, anti-human and base thinking of Ambulance Chasers, they will flash into the market in an unprecedented viral event faster than the spread of Hotmail in its early days.
The only question is how long is this going to take, and who is going to do it.
Unfortunately the first generation of Bitcoiners cannot make this argument. In their enthusiast's mindset, desperate to wake people up to the power of Bitcoin, they used convenient analogies to persuade and explain what Bitcoin is. Many of them were not technical or computer literate, and so the field was salted and poisoned.
These dangerous analogies have now been taken as fact, in fact, they're almost held as sacraments of the Bitcoin Cult. Thankfully it is not them that need to be the target of the recontextualizing and cleansing of the narrative.
And it will most probably be a years long cleansing rain and plowing under of the soil that's required, so that crops of new Bitcoiners can grow who are free from the poison Bitcoin Cult.
When this happens, it will be worth it for all the people who opted to tell the truth and not lie about Bitcoin. And worth it means gaining hundreds of millions of users and transacting many many Bitcoin.
There is also the humanitarian element to consider.
Anyone mischaracterizing Bitcoin is participating in the restricting of Bitcoin to western hands. Without going hyperbolic about the true nature of this thinking and its results, let's just say there is a bad word that describes these people and their thinking.
There are literally billions of people who have a strong need of Bitcoin, and they can only be reached by treating Bitcoin by its nature, just as Skype and WhatsApp reached billions by not categorising their services as telephony.
Bear in mind also; all the employees making decisions about not serving people all come from the demographic that is served by default.
They have an inbuilt bias against the people who cannot be served by reason of their twisted, parochial and false assumptions, many of which are completely provably irrational.
In conclusion, make no mistake. Paradigm shifting events are coming that will change the face of Bitcoin. The mask must come off it is to succeed, and dedicated, logical and fearless people are ripping that mask off.
Naval Ravikant?: “NO!” https://medium.com/@beautyon_/no-8c8916bc33fe
COINSPIRACY THEORY
