This is how karma meets crypto
https://x.com/lukemikic21/status/1696009585486701022?s=46&t=YWC79OfCrPaCG1APbpOpRQ
I don't understand Coinbase. This is an older article they write for their institutional investors and conclude, essentially, for Bitcoin to be Digital Gold it has to scale with lower costs. Then it goes on to say how Lightning does this on Layer 2? Brian Armstrong gives me a headache, he's like a drug dealer who can't just go all in on the orange pill? It cures all monetary ills by being HMOIP (Hard Money Over Internet Protocol without even having to be money for a Store of Value. In medicine, high cure rate/efficacy, without toxicity, isn't this the Holy Grail but you still insist on Snake Oil?) https://www.coinbase.com/institutional/research-insights/research/market-intelligence/bitcoins-layers
I am speechless. I do want to visit Thailand, amazing food.
I am really exposing how little I know with this post.
Bitcoin is a beast, there are many rabbit holes to go down, some of them I have not given enough time dig into, mostly because of lack of interest (sorry) but I am super stoked people are into it. One is Bitcoin Core and one is Bitcoin mining. nostr:npub1f7p776fz3vlqnv9tcyw7m8nts5ceczmlaudqgjuwaxtsuwzyrqtssuvg6q of Barefoot Mining, gave a talk this weekend at BBB. The way he introduced his segment was it may be 'controversial' and piss people off as he then says he is speaking 'truth'?
I was confused, I thought most of what he was addressing was or will be solved on Layer2 and if things are congested on the base layer we simply pay more or wait days for our transaction to get on the ledger. (I am forced to wait "business' days for my stupid banks to finalize transactions right now for fees.) Also, isn't the who average 10 minute blocks based on the difficulty adjustment?
I am hoping some Bitcoin mining experts/OGs can counter some of Bob's blockspace/size/time issues. It sounds like the Blocksize Wars/Segwit all over again? Is Bitcoin going to constantly want/need more blocksize as it scales? I sure hope not. (Presentation is right at this exact spot: https://www.youtube.com/live/XxnziBTDivA?feature=shared&t=19662 )
Sorry, my 15 year old boy brain, sorry in advance.
Q- When a man goes through the airport turnstile sideways where is he going?
A- He is going to Bangkok
NOSTR September Challenge. Don't 'post' on X for a month and post the proof.
Me: I have refrained from posting all August on X. Yes, laugh at my followers and impressions, I never have cared as I am 'losing' said carefully crafted followers but I am all in on NOSTR.
For September 2023, the rules are simply: No Original Posts
( Snarky replies are fine and will not show up on the analytics. Post your analytics summary. See mine attached)
Further: as a Developer it still cracks me up how many times I see 'Twitter/Tweets' out there on static X pages. You know how easy it is to change static Alphanumeric Text and test it? It literally is hard coded. Change Management gestapos conjuring up a ton of FUD to justify their jobs?
RIP Bob Barker, I remember watching you when I was 'home sick' from school, with my saltine crackers and Ginger Ale. You lived to be 99 years old, great life, dogs like me thank you. It is funny, however, how no matter what you did in life, you will be remembered for when things didn't go so well. Life is what happens to you when you plan something else and it can be absolutely hilarious. Laugh at yourselves.
Love it, with Bitcoin maybe we can just say let's have it around for as long as dinosaurs walked the planet, about 170 million years compared to about 2 million for humans. Let's make the dinosaurs proud. We humans can certainly do better than the fossils running the country.
I am looking forward to hearing nostr:npub1ahxjq4v0zlvexf7cg8j9stumqp3nrtzqzzqxa7szpmcdgqrcumdq0h5ech at BBB but really hope behind the scenes she is working to get @beautyon on her CoinStories Podcast.
Bitcoin is over 160 months into existence, granted it has 'died' over 400 times but the fundamentals have always been super strong since day one. Release of Version 0.10.
In contrast, look at Worldcoin, one month in https://gizmodo.com/sam-altman-worldcoin-wld-cryto-price-falls-1850775513
nostr:npub13tm98cj56xvugywflf89c4d3cp23h5wdegm2rjdz32npkzysetkskynkcs, did nostr:npub1gu47n7fxfm4py48jktmu6tdqcvva4e87fntynuzzf62zxnw2e7tsc6907g give nostr:npub1ccsfkkfk46jsjtn80cup0vjn98slkheqd65t36tut822kddvdcxqxjdc57 his $5 back from WOS? Thanks guys, I wasn't going to listen much to BBB but you guys make it interesting. I am a big Simply Bitcoin fan because of your efforts. Thanks. I learned a lot today.
nostr:npub1ccsfkkfk46jsjtn80cup0vjn98slkheqd65t36tut822kddvdcxqxjdc57 I am half listening to BBB - yeah after I ripped on Bitcoin Fatigue with these events yesterday - but had to tell you I really enjoyed your talk on stage/off stage. Keep pushing, thanks for all you. I love the vision/execution you are doing with https://azte.co/ I have really struggled on how we will 'onboard' the world with the people, as you said, "eyes glaze over." I can't tell you that enough, we live in a selfish/selfie world, it is all about the individual. No one wants to hear what the other person has to say, just show them. So you explained how so many people 'load' their cellphones (arrears) in ADVANCE so they will be able to use their phones, or they preload their bus/train passes. Not a big deal. Easy to adopt something where the steps are almost the same.
But I had never thought of it until I saw you how you did your little four click demo and I chuckled how you got annoyed when challenged about why you use Wallet of Satoshi. No shit, it is annoying, to your point. That isn't and shouldn't be where there is friction with fostering Bitcoin adoption.
Maybe you got a free toothbrush from the dentist to start brushing your teeth for the first time but you eventually choose a different toothbrush but brushing your teeth is still the same. Brand Loyalty takes time and it can be really personal preference. (i.e. I really like my Jade Hardware Wallet over ColdCard...but I am not going to insult/insist you have to go with Jade? )
Your point, so valid, who cares? People need to start somewhere and with your system it is easy and there isn't a chance for eyes to glaze over until the eyes see the 'AHAHH' moment.
1)Person Downloads Wallet of Satoshi
2) Buys a 16 digit 'voucher' from https://azte.co/
3) Loads up the Wallet of Satoshi with Bitcoin
Done.
Easy.
Good luck, great idea in the grocery stores, I was just listening to Anita, she is doing amazing things with "Crack The Orange" and she told a mind blowing story of how people (Africa) wait outside grocery stores with their debit cards. Give the debit card to strangers. The strangers go in to the grocery store, use that other person's debit card, then the stranger comes out and gives dollars/FIAT to the debit card holder. Talk about RISK? I wonder if you could help each other? https://iris.to/note1cc4j6hykumtxf9e3yj9yv2ts6ez6qq4rejjg0f0pkk5hxe3j3l8s35kpz3
LinkedIN and "Bitcoin" Jobs.
I have been casually seeing more and more 'Bitcoin' jobs and the Job Descriptions and places of employment seem so ridiculous. Some of these are clearly altcoin/slimy.
Look at this one:
For: "General Post:
Company: "US Bitcoin Corp" (Me: really?)
Hiring Person Title: "Associate Director of People"
Job is 3 hours old with 12 applicants?
https://www.linkedin.com/jobs/search/?currentJobId=3704110261
"Bitcoin: Global Remittance Fees"
By BR (NOSTR only Content)
Bitcoiners when they speak mostly use a shotgun style approach when talking Bitcoin when the precision of a rifle is needed. For today, let's look at Remittance Fees only.
Bottom line, people around Mother Earth, divided by man made lines drawn on mostly static maps, need to send money to each other. Sometimes across those drawn lines. Why should that cost a fee? It doesn't need to. Just like it used to cost billions of dollars for a human to call and speak to another human outside the lines. VOIP (Voice Over Internet Protocol) solved that issue.
MOIP (Money Over Internet Protocol) or Bitcoin the Protocol, solves this too. Especially with Lightning. The savvy are understanding this.
First Remittance Fee, as a Master of the Obvious is the fee people pay to send money from one country to another. To convert from one currency to another, the sender pays this.
Do you know what the average Remittance fee is World Wide?
6.25% or $6.25 USD per $100 USD. That is so ridiculous, on top of inflation, taxes, this is simply a 'fee.' Simply to send money already created and taxed to another human?
Q: How much money annually is spent by humans on Remittance Fees?
A: The 'World Bank' in 2022 projected an annual $630 Billion with many countries this 'fee' (stealing money) is a size able amount of their GDP?
For perspective, El Salvador's annual GDP is $29 Billion which is less than the annual GDP of our lowest US state (ranked by GDP) which is Vermont at $38 Billion.
I know Bitcoin has no Marketing but perhaps it would make sense, instead of being so country focused (can you tell it irritates me?) to be laser focused on specific things Bitcoins solves regardless of where you live on a Bitcoin Globe where no lines are drawn or need to be drawn?
You only need to be human. Isn't it easier to 'Orange Pill' a person who may be upset paying ridiculous fees rather than trying to Orange Pill an entire country?
Rifle versus Shotgun. Precision.
Next Steps:
Best place to learn about Bitcoin/Lightning and "Remittance Fees"?
Jack Mallers/Strike and this should be painfully obvious to everyone on here. https://bitcoinmagazine.com/business/strike-launches-remittances-to-mexico-using-bitcoin-lightning
Exactly, spot on, I am old enough to remember the pre-Internet days (note how Internet is capitalized, that is actually correct, just like Bitcoin is not 'bitcoin' but many don't care.) I was a BBS sysop, running Majordomo MLMs (exactly what Satoshi still used to release the white paper, on a freaking email list manager?) The cool young technocrats would be so appalled by the lack of video and cartoon pictures. Just words? How boring.
MLMs were a great way to convey a lot of super technical information to 1000s. I remember arguing with the 'old guys' back then, who said, "just pick up the phone"?
Me then: " Really? I am going to take 100 hours to compile a list of phone numbers and spend seven days calling each person to tell them everything I can send them in an email in seconds?"
No different today with Bitcoin compared to meetings. If you ever worked in Corporations anywhere, the stupid people have meetings on specific projects. They can't convey their thoughts written down, as they are 'too busy' and have to invite the smart/right people to explain things but again, limited group. At one point, I told my bosses I hadn't set up a meeting that I hosted in 30 years because I did my Due Diligence, gathered the right people on the sidelines, and then explained it all. Further, I was a terrible meeting invite, disruptive in about 99% of the meetings I was required to attend.
It got so bad (good) my terrible behavior was rewarded by people not inviting me to the meetings. I am a developer. A code pounder, but I am super extroverted/vocal/fearless - because your Corporate Values are bullshit. I never fit in and reminded them daily, one PM pissed me off so much I put 'caution tape' around my cube with a post it note I pointed to reminding him of the day I said I would be done.
So here we are with Bitcoin, a few people are the cream, 100s of podcasts (meetings) or Bitcoin events (meetings on steroids many steps up from Marriott hotels with the water jugs, notepads, pens, and little candies.)
Sorry/not sorry for the stream of consciousness, it is exactly who I am.
Phew. (i.e. not 'few' people look like morons when they spell it that way but I digress.)
Thanks Spoonman, I feel the same, I can't even get myself to a local get together in Minneapolis. I do have some favorites that is for sure but talking to people all on the same wave length is like a massive verbal masturbation session to me.
Bitcoin Fatigue? Is it me or is it beginning to be 'too much' with all the Bitcoin Events? The "Bitcoin Magazine" Bitcoin event, the one going on now in Austin (BitBlockBoom), and then Pacific Bitcoin in 6 weeks? All vying for the same speakers with unique new soundbites, contents an memes? "Perhaps" (Mols) like High School Reunions, once every 5 years would suffice? Or is this just natural because once Bitcoin gets to 100K this wave of Bitcoiners, in which I am a part, will disappear? Like those other waves of Bitcoiners before me who got in at 2009, 2015, 2017 have disappeared because it gets to be just so damn obvious and dare say boring?
Some people cringe when they hear "Democracy." It isn't perfect in all facets.
However, starting today, we can all live in a "Worldwide Economic Democracy."
Thanks to Bitcoin. Bitcoin Only. The Bitcoin Standard.
One person at a time. No need to stare into some goofy orb or opt into some government CBDC no one trusts as do should not trust any of the other 25,000 other crypto-project-Bitcoin-wannabes. These other crypto projects don't work and I will put a stake in that comment. (You have to study Bitcoin to understand that last line.)
Study Bitcoin.
You will get in at the price deserved.
It isn't too late.
Opt in to Economic Democracy, opt out of Economic Irrationality lead by the United States of America. No GPS needed, Bitcoin doesn't care about your longitude or latitude but will help your family financial longevity and attitude.
Hey countries/politicians/unelected Federal Government employees who are knowingly gouging their people are on Bitcoin Notice.
The "Bitcoin Rights" rewritten after the Miranda Rights:
βYou have the right to remain vocal. Anything you say can and will NOT be used against you in a court of law. You have a right to an attorney but it makes no sense because Bitcoin is immutable so we will align you with a volunteer Bitcoin Advocate for further clarity."
Times are changing, one person at a time....AAAAHHHHH...Saving in Bitcoin is cool. Spending in Debt is fool. Opt in, you have the power, the freedom, and the wisdom to know the difference.