Yup, shit is one of them🤷

I’m ashamed it took me a few beats to understand the hashtag 🤦‍♂️

Reasons to spend bitcoin (incl. Lightning):

1/ It's more secure and private than filling out a form with personal information (e.g. credit card payment on some websites) or 1a/ handing over *credentials* to a waiter, or a POS machine that you don't trust. 1b/ The UI is therefore better (it's smoother)

2/ It's cheaper *maybe* for you, but specifically for the merchant, than credit cards

3/ It (quasi)-settles immediately in LN case and in 10 min on chain; card payments often take 60 days

4/ It has cash like properties but you can pay remotely and immediately

5/ It cannot be blocked by a payments provider

6/ There is no (realistic) limit how small or large the payment can be

7/ Every transaction, especially the more p2p ones, e.g. between friends, but also to companies, adds and improves bitcoin's privacy overall - consider that if we did nothing but move bitcoin to and from KYC exchanges, there would be zero privacy, independent of advanced cryptography. More business or personal transactions without KYC, the less information is in the onchain tracing.

8/ There is no global systemic downtime when some backend fails (this one is more debatable)

9/ Actually using bitcoin is how you learn its mechanics and will give you necessary expertise to not lose it, even if your primary goal is only saving.

10/ Using bitcoin makes it a better money, as you are participating in the process which makes it a viable form of money for others.

#spedn

Unpopular opinion: It is possible doing all that and have a fulfilling life if you're doing it right. For the majority, it might even be better.

I don’t care about the stockpile.

Get rid of the capital gains tax. Treat bitcoin like cash.

Normally I ignore troll posts. I write only to engage with serious people.

Rarely, when I look at the repeated profiles of troll posters, I am embarrassed for them. I sympathize to them.

Imagine the time spent on such low reward activity. It is an impoverishment of their potential merit and action to spend time as such. And yet they do so.

It is such a mess of low social content there; nobody likes their posts. Posts and replies with few likes or zaps. A desert of solitude. I feel sympathy rather than malevolence toward them.

I wish them solace and yet many will persist in darkness without reflection.

I'm not sure where you can buy these, but I want one!

My first large format drawing is finally finished!

350 hours of work

31 pencil leads

12 pencils

1 drawing paper

"The Rise of #Bitcoin" was just a thought, an idea in my head over 4 months ago.

Even more fulfilling to now be able to witness this idea with my own eyes and to creatively combine my drawing style and love to detail with some of the most formative events in the 16 years since Bitcoin came into existence.

This will not be the last project on this scale!

If you are interested in a print of this drawing, available in different sizes and qualities, you can find them at bitcoinapexart.com/shop.

Thanks to everyone who enjoyed the updates on this drawing. Your feedback was truly something else.

GM from beautiful Colombia.

With all the chaos and nonsense going on in the world right now, I wanted to share something that I believe is critical as it relates to what is happening on #bitcoin (the first global free market that can’t be cheated) versus a system of corruption (trying to stop that system) Either 1) through willful intent or 2) lack of knowledge.

(*the majority of people fall into the lack of knowledge group)

According to game theory and playoff matrices: even when there are very high rewards and low punishment (they wouldn’t get caught) approximately 10% of people won’t cheat - no matter what!They place a higher internal value on integrity that overrides external rewards. I’ve seen this number as low as 2.5% and as high as 20%.

Why is that important:

Although everyone wants to see themselves as one of the honest, the math says that between 80 - 97.5% of people will cheat depending on the rewards. Now enter money - the ultimate pot of gold with high rewards and low punishment for cheating because people don’t understand it. Most people will cheat - a mirror of the world we see and have seen in Bitcoin since its inception. Need inflation, bad for environment, drug money, doesn’t scale, crypto, meme coins - the list will go on and on because if people can “get rich at someone else’s expense - most will. Those are simply the numbers and always have been.

In fact, in prior periods of history, the honest were at a massive disadvantage because and would often be killed by the cheaters. Because the integrity was so rare, society would often celebrate these people after their deaths as lessons of what we wanted our higher selves to look like.

#bitcoin has changed the equation. Giving those with integrity the power. Why: because 2.5 - 20% of people that won’t cheat is a massive number - especially if many of those people are decentralized and can’t be “found”. Those are the people who eventually run nodes, contribute their time and energy to keeping #bitcoin decentralized and secure, watch for attack vectors, build value on top of this protocol, call out the cheaters, teach and advocate to help others see it. Those people simply can’t be bought, and more are joining every day.

That decentralized and secure protocol bounded by energy is repricing everyone and everything from the other system and it will continue to do so as that system tries to grapple with: the cheaters no longer make the rules.

It will be chaotic, many more will try to cheat (don’t be afraid to slay your heroes) but in the end…..Satoshi unlocked a way to put the best of us into a protocol that was best for all of us.

What a time to be alive.

Do bitcoiners want a strategic #bitcoin reserve #SBR ?

#askNostr

I thought the community was always against Govs buying in , ETFs and corporate treasury ! Am I wrong ?

I spent all day figurimg this out:

So I spent literally all day today fucking around w different nostr clients & trying to figure out how to use a single wallet on them without having to pay an arm and a leg as a monthly fee or running some server-like thing on my desktop.

Here's the best option I figured out so far:

1) Create a wallet on YakiHonne

2) Create another wallet on Primal and fill it by converting fiat on that same app

3) Transfer the sats from the Primal Wallet to the Yakihonne wallet

4) Create an Alby account

5) Hook up the Yakihonne wallet to the Alby account

6) Connect all the nostr apps (except Yakihonne to the Alby account

Guys, this is INSANE. No normie is going to go through this ever. We need to figure out a better way if we want Nostr and zaps to be widely adopted by the general public.

If you know of an easier way, please let me know.

I've done that with one of my IRAs but switch job is not so easy in my wife's situation rn