Overheard two older gentlemen discussing energy infrastructure and inflation today at work

Sometimes Bitcoin really suffers from being “too good to be true”. How do I tell them that there’s a single technological solution which has the potential to solve both?

Gm,

Friend sent me this from his office. He works for the government 🍁🇨🇦

This is a basket of tampons.

In the men's bathroom.

Good day!

This is #InkblotArt, the note that lets your imagination fly

Today is 15/12/2023. Block height of 821287

What do you see in the blot? Comment and get a zap!

G to the mothafuckin M everyjuan

GM ☀️ PV 🤙

Sorry to see so many humble stacking plebs here who lost their entire net worth by simply connecting their Ledger to MetaMask and running some dApps.

Web3 is the future of the internet and I am confident you’ll be made whole after the devs roll back the blockchain.

WAGMI, frens!

Any open source software is freedom tech

Doesn't have to be bitcoin or nostr

Is or will there a wiki option for nostr? -Or does the fact we can't delete or edit notes make this impossible or unlikely.

#asknostr

💯🦾

#Meetup #BitcoinPlebs

#Meme #Memestr

#Bitcoin #Plebchain

Did anything surface from memory? I still haven't found it

Chat.fedimint.org drops you into the Discord if you have questions.

Fedimints connect over LN as well. Or on chain.

I think for most investment level people looking to store their money in bitcoin instead of bonds, that’s no dust. We’re talking about 10,000s of dollars per person in the US.

Maybe for the average person in other lower income countries it wouldn’t be bad to teach them L2s first. Naturally we are in a time of discovery and not everything we do will be the right decision at the time, but we will learn as we go and look to find the best UX for the job depending on the persons circumstances

🎯

Stack using lightning & liquid until 1M sats, the transfer on chain. I can't do large amounts when I purchase usually, but I can still make sizable utxo for stacking.

You’re free to stack Liquid BTC and or Lightning BTC if you’re worried your stack will constitute as dust one day. Nobody is forcing anybody to stack on L1, but it is the most secure. It’s not really an elitist club because this would suggest it’s impossible for the normie to get in. If one provides value they can be paid in BTC, there is no other prerequisite so I can’t get behind calling it “elitist” either

It solely depends on demand. There are newbies TODAY who pay $5000 (0.1 BTC) in gas to have their one simple transaction processed. Right next to another tx in the same block that paid only 10 sats/vbyte 🤷‍♂️

If all the huge banks in the world need to settle their accounts, then a $5000 gas bill isn't much for them. Common people will be priced out to L2 or higher.

next time you get uppity about a 10%+ crash in the price of #bitcoin, realize that it's an illusion;

all currencies are crashing to #bitcoin

forever

Fees were always going to get very high and eventually be sustained at very high levels. This is only a preview of an inevitable outcome. The overwhelming majority of transactions (and all normal “payments”) will occur on higher layers, Lightning is just one part of that. It’ll include Lightning, Fedimint, liquid, Ark (likely), some entirely novel things built with BitVM, and likely other unique designs after CTV or basic covenants are implemented (next soft fork).

These periods are necessary to get us to integrate the available tools and start testing what does and doesn’t work, and to what degree.

Scaling is a goal without a conclusion. It will just keep improving forever, and it will constantly stay right behind what demand is, so it’ll basically feel like this in a series of never ending cycles, imo.