Yeah, I was joking about how tenacious monero stans are.

I didn't say it does. It does more useful things.

you just did

and LN doesn't do what Monero does

XMR just because you said don't mention it lol. It's not the boogieman it's just another option.

Gotcha. I'm in the "real specific place" camp.

I think something that often is overlooked on my side of the aisle is precisely your middle phrase. Eternal separation from God's love is indeed eternal torment.

If you haven't read The Great Divorce and The Problem of Pain, my guess is you'd enjoy them if you're a reader. 🙌

What's essential bitcoin & freedom hardware?

They made them close down the Chivo wallet, among other requirements. - I know that wasn’t a great solution but it was how they gave all their citizens access.

The IMF paid them to shut down their Bitcoin ambitions - it’s irrelevant to me if they go ahead and buy Bitcoin with that money

With that scenario Bitcoin has lost everything. Congratz to everyone who celebrates the merge between govs and Bitcoin and banks and Bitcoin.

- **Believe**: To accept something as true or hold a conviction about it.

- **Assume**: To take something for granted or accept it as true **without proof**.

- **Hell**: A real, eternal place of punishment, the inhabitants of which are eternally separated from God.

- **Eternal Torment**: The suffering in Hell is real, unending, and conscious.

Kill yourself

Thought experiment.

Option # 1

Let’s say you have 10 bitcoin and we hit 2 million in the next few years.

You’re tempted so you sell it for 20 million dollars.

After taxes you’re be left with 16MM.

Which you use to comfortably generate 1.2MM a year in the tradfi markets.

So you take the money and retire.

Bitcoin crashes 60% back to 800k.

For a few years you feel like a genius. You enjoy your new rich person lifestyle.

You even buy back a few bitcoin. 2 to be exact. 20% of what you used to have.

Then bitcoin rises over the next decade to be worth 50 million per coin.

You’re worth 120 million now. And you decide to sell a little over half a coin and upgrade your lifestyle again to be able to generate an additional 2 million a year.

You’re now on paper worth 120 million, you generate 3.2 million a year (266k a month) and you’ve been largely stress free for the last decade.

Your kids will inherit roughly 1.62 bitcoin from you upon your death.

You have some level of regret about not hodling through, but you’ve been largely stress free and the mental health benefit was worth it in your mind.

Vs.

Option # 2

You have the same 10 bitcoin but you Hodl them.

Your stress levels are persistently higher.

You also decide to retire when Bitcoin hits 2 mil, but you decide to do so in bitcoin terms.

Your plan is to sell a little bitcoin as needed in order to fund your lifestyle.

This is roughly 1-3 million sats a month. Depending on bitcoin price.

Over the course of 10 years you end up selling or spending 2.4 bitcoin and are still left worth 7.6btc when bitcoin reaches 50 million.

Your net worth is 380 million.

You’ve reduced your lifestyle in bitcoin terms down to a million sats a month. (500k) or 6 million per year. You’re 46, Assuming you live until you’re 90 you will pass down 2.32 bitcoin to your kids.

You have no regrets about the way you played it, but your stress was consistently higher and there were a few scary months along the way.

Which option do you choose?

1 or 2?

El Salvador is making a disappointing move by allowing the IMF to dictate terms on their sovereignty for a loan they say they don’t need. But let’s have a little perspective

1. Bukele can’t stay in office forever - democracies with term limits are not good structures for long term Bitcoin projects that need decision continuity for decades

2. El Salvador shot for the moon. Just because they missed doesn’t make them shit. They are an inspiration for being so unreasonable and they gave a lot of people hope.

3. The fact to face is that the IMF is undefeated and will remain so. No nation can truly resist the corruption of Fiat money. It’s just a statement of how early we still are

Why not both.

lol I run a lightning node, I know what's involved. Now scale that to utilize the entire global financial system.

The "two way peg" metaphor is from the original sidechain discussion.

a sidechain is a blockchain where new tokens are created only when on the parent blockchain tokens get locked.

These tokens locked on the base layer can then only be spend, if the second layer tokens have been destroyed.

To some extend this is a money warehouse with transferable notes of deposit.

However the crucial idea originally was that this pay out mechanism is a smart contract, enforced by all Bitcoin nodes and not reliant on a set of trusted entities. This turns out to be not trivial at all, Liquid uses 11-of-15 trusted multisig signers, and even bitVM isn't perfectly trustless, but it's the latest massive improvement to the concept.

Wen first eCash bank? I don't want tether or a CBDC. I want something that has the privacy and ease of transaction as cash that is backed by Sats.

Not everyone is going to run a lightning node so they can buy a cup of coffee. With eCash banks we wouldn't have to scale lightning to infinity just so we wouldn't crash channels during a black Friday sale.

People aren't going to be their own bank. The average Joe having a spendable UTXO in the future is a pipedream. Things are moving faster than anyone ever imagined and we need to start thinking about scale.

JUST IN: Bitcoin miner MARA Holdings bought another $1.53 BILLION $BTC

They have bought $3.2 BILLION Bitcoin in just 6 weeks!

Saylor has some competition!

That is a term that doesn't make sense to me in my economist brain. "Two way peg" evokes in my mind that a token representing a claim on an asset can be asserted into existence therefore creating more of the asset. The inverse is possible but not the latter. Maybe I need to see some praxis on this but the term on it's face seems to not make sense. Coupons can only be pegged to the asset.

It is a layer two solution.

The two way peg is enforced with bitVM emulated zkproof.