Funny, on the same 'lines' tell me you have seen this hilarious one: https://www.youtube.com/watch?v=-Qvyj21jJ_Q

In response to nostr:npub1ahxjq4v0zlvexf7cg8j9stumqp3nrtzqzzqxa7szpmcdgqrcumdq0h5ech and her latest podcast: https://www.youtube.com/watch?v=y9lwZNtU3f4

Thanks Natalie for yet another incredible podcast. Hester Peirce (note spelling/pronunciation, it rhymes with 'Purse') should be thanked by America. Hester is the exact person we hope is in the job at the SEC. Her logical, rational mind and inner voice reminding her why she is there. To enforce the laws. Laws created by Congress. It is not the SEC's job to recommend products, including Bitcoin, or to influence the creation of new laws.

The most profound moment of this podcast was when she explained how the approval of the BItcoin ETF should never have been so highly scrutinized.

Sometimes doing nothing or taking too long has consequences. Natalie, as a journalist understands she should never be the news, Hester understands the SEC should never be news. It took ten years to approve, days before they were hacked, intense publicity. Totally avoidable.

Hester's letter was the second biggest news that day after the spot BTC ETF approval. Her apparent frustration had nothing to with impatience but the inner friction of reality not aligning with her logical process. She had to put out that letter, to document her logic whether you agree or not or feel.

Another highlight was when Hester explains how her colleagues are normally in agreement and she likes her job. However, it is her job, not her life work. She explained how her term is up next year. I look forward to seeing what she does next. Hester's is a calm voice we all need to listen to in our noisy, erratic world.

New Acoustic version of “Judgement Day”, by Five Finger Death Punch released yesterday. I think of Bicoin with it. What a week.

Awesome song.

https://youtu.be/M1y1EGI_UZE?si=cy-2CClW29JMLwr0

Tears on this one, tears. I am sending this to all techies I know, we have already discussed 300 baud and the grammatically incorrect "You've Got Mail." Thank you.

Thank you, I need help on figuring out the best way to compile for easy consumption the massive amount of information across disparate sources on important Bitcoin side topics like this.

Will do, I am still working on this, just been busy with other stuff. Covenants and what they are trying to do is a logical thing to be working on and addressing. A lot to digest. Thanks as always, I am still compiling and reading and comprehending but there needs to be a central spot for consumers to go as it is updated constantly as things/views change etc. I am not a fan of Google's Blogger but it is the best platform I can find to be able to go in and edit and keep things central. I have tried numerous NOSTR versions and others outside but they are not that great either. Thank you.

Exactly, Coinbase has their own Debit Card, I am not sure why Strike doesn't do this? https://www.coinbase.com/card

Regardless, wait until the first person can do something like this and the merchants don't have to pay that ridiculous 2-3% fee.

Game over.

Hey Camper, I had to zap you back the 500. My note sucked, super confusing. I wonder if Jack has a 'Strike Debit Card', I think you are right the stupid 'your bank' debit card is just to buy Bitcoin. There will be a way to do this somehow, in the future.

A lot still being developed.

That is my understanding where you can choose either FIAT or BTC on Strike side. I wish Jack would clarifty.

If this is incorrect then I will zap back the 500 sats.

nostr:npub1klj98ahaaduuegwcd7lscjeqa0h2680f75r82gnr35pua8ls36xqh9t938 thanks for my biggest zap ever, totally appreciate it.

The problem with that approach is the scarcity. I wrote an entire article on this, basically there are two options with Bitcoin. 1) SOV - self hosted wallet/Cold Storage/Bitcoin is Money 2) Strike - other - Bitcoin is currency

You won't be able to interact cheaply with the Base Layer, think Digital Property with a fee of $1000 in the future. You may never interact with Base Layer so use L2 and if you get too much currency convert to SOV on Base Layer.

https://bitcoinapolis.blogspot.com/2023/09/bitcoin-like-time-scarcity-in-base.html

and

https://bitcoinapolis.blogspot.com/2024/01/bitcoin-bitcoin-scaling-biggest.html

Cool, Go Johnny Depp

I may be stating the obvious but not everyone knows the Elevator Speech on what Jack is doing. Strike allows you to Direct Deposit, Wire Transfers, and then you can link YOUR (doesn't have to be Strike special) Debit Card to Strike and so no matter where Visa/Debit Card (not credit) is used the currency is converted from FIAT to Bitcoin(at Strike) and back to FIAT? No need to wait for merchants to become Bitcoin Ready or whatever it is called? https://jimmymow.medium.com/strike-upgrades-direct-deposit-wires-cards-and-more-6f1f1721fa21

Can you imagine Gary's boss:

"Gary, you lost, as in lost, one lawsuit already to Grayscale. Past SEC chairs are pro-bitcoin. You will get 11 lawsuits automatically if you reject them and clog up our courts for the SEC to lose. Do you want that to be your legacy or could you please just put your grievances aside with this? Yes, we know you like MIT and were behind SBF and your legacy will forever be tarnished but go out with a bang not a whimper as you go for Janet Yellen's job. I support you."

Gary: "Thanks Boss....sniff...it's been so tough on me." (Boss hands him a tissue.)

Hahaha...this is going to be fun to watch.

Bitcoin: "This week marks the end for most to be Full or Whole Coiners?"

My Favorite Comment on Bitcoin Scarcity last year was: "Adam Back"

Adam was on stage last year and said something so obvious to most but it was profound to me: https://youtube.com/watch?v=_hRjvvvOr7Y

Here he posted about it on X with a graph:

https://twitter.com/adam3us/status/1659175970647990272

Thanks to the OGs like Adam out there, total respect. I just read more about the Blocksize Wars and the Big Blockers versus the guys like Adam. Thanks for not siding with them as they went off and crashed and are still burning with BTC XT, BSV, and BCH.

Those fires to hopefully be extinguished for good too, soon.

Great, I am trying to learn all this and it is crap?

"Don't trust, verify. My bad."

Me walking away shaking my head but a smile on my face because it is Bitcoin. Even when Bitcoin is being a little b*tch it is still cool.

Is there any chance, Jack Mallers, Jack Dorsey, and Michael Saylor are working on a next gen L2? Whether together as individuals or separate as companies? (e.g. Strike, Microstrategy, Block?)

After seeing how Corporate America wastes billions, I think this L2 can and will be solved with the appropriate funding. I just hope it is a 'Satoshi like selfless vision' versus a Corporate Jamie Dimon selfi$h vision.

People have tried to leave a legacy of 'healthcare for all' or 'ending hunger for all' but could you imagine being on the dream legacy team of "Bitcoin is money for all" and scalability is done being addressed like it has been since day 1 with Satoshi?

Thank you for this, I am trying to learn this vast part, it is ultra important to Bitcoin. I am about 200 hours behind in learning.

Bitcoin Post

I had to write a TLDR on Bitcoin's Scalability. I am trying to get to writing on the latest CTV but have to keep going back to the 100,000 foot level of the issue. Please let me know where I am wrong on this and I will correct.

For Now:

https://bitcoinapolis.blogspot.com/2024/01/bitcoin-bitcoin-scaling-biggest.html

Bitcoin: "Bitcoin Scaling - The biggest Issue/Non-issue since Day 1?"

By BR Bitcoinapolis

January 7, 2024

Premise:

Bitcoin, by Satoshi's design with POW, Base Layer Timechain, L1, was never designed to handle billions of people/merchants with zillions of payment transactions on the Base Layer. However, Bitcoin can and will scale to the billions on Layer 2/Layer 3.

Explained by Satoshi on Day 1.

=======

Bitcoin was designed and has evolved into two paths. People of the world will choose to one, both, or none.

1) SOV (Digital Money/Digital Gold/Digital Property) - For SAVING Bitcoin (Currently No Friction)

2) Currency - Used by merchants instead of Visa, circular economy - For SPENDING Bitcoin. (Currently Friction)

Expanded:

(edited for length)

Me: Yes, there are issues with the current state of Bitcoin scaling as there have been since day one. Yes, the Lightning Network 1.0 has its issues but are we naive to think Jack Mallers, Jack Dorsey, and Michael Saylor are not looking into this already? Saylor has said publicly he has a bunch of Bitcoin projects going on inside Microstrategy. Do you think that is only for their internal use of internal customers? Can you imagine an announcement of a new version of the LN backed by Microstrategy/Saylor/their Current Bitcoin Cache?

Maybe this is worth re-posting?

(edited see link)