One of the reasons I will never be a #bitcoin maximalist

I've never been a moral puritan and I'll never be a financial puritan either.

There's no example I've ever seen where there was only one solution to a problem.

That's almost my golden rule and as much as I value #btc I value choice more.

Someone please tell Elon to buy Netflix, and fire 80% of the staff, especially the IT guy with his pants halfway down, so we can finally watch the damn fight!

Wait... Don't you run a game for gambling with corn? 🤔

You can do it today because it's cheap and easy. Let's run the numbers on how that is expected to look in the future.

We're gonna use astronomer math. We're only looking at orders of magnitude.

There are maybe 100 million bitcoin owners. There are soon going to be 10 billion people, increasing at an exponential pace. If we want 10% of people to trustlessly self-custody (this is a very low bar) we need to scale 100x.

An average tx on mempool right now is 37 cents. That's pretty cheap, actually. Imagine if the cheapest transactions ever got was $37.

That's 10% of people in 10 years. Extrapolate to 100% in 50 years (population doubles every 47 years), you need another 100x. That's $3700 for a one input, two output transaction. Used car money. You need to buy a new used car every time you interact on-chain. Wanna do a coinjoin? You're gonna need house money.

This assumes no new use cases for on-chain space. This could not be more wrong.

Quantum computers are coming. Post quantum signature schemes A) will require a soft fork and B) are also very large, so let's divide transaction throughput by 10-100x.

On-chain stablecoin transactions are just getting started. That's a huge market, multiple times larger than the lightning network today.

Ark service providers will be ticking out transactions at a steady clip. These are time-sensitive transactions so they will pay the prevailing fees to get on chain.

BitVM is building an entire computer using logic gates encoded in bitcoin script. Those will be very large scripts.

ZKPs are extremely promising and extremely large. We can't keep people from storing them on chain. Bitcoin is permissionless.

Don't forget about ordinals! Did you think they were just gonna go away? Lol, you silly goose. There will still be degens using up your precious blockspace.

Bitcoin simply does not scale well enough to serve the whole world. We need better tools on the base layer or else we are just LARPing about freedom technology.

The issue is probably Core. It's centralizing. There should be many popular node implementations.

Remember Keith McCullough? Hopefully he's loaded up on wine this cycle #asknostr

Got #netflix for the #TYSONvspaul fight.

Started watching #suits and holy shit. LOVE IT 😆🤣

Next door to my client’s business, I guess lol

How do I search accounts I follow, or other filters like notes that are zapped or have a certain number of reactions?

#asknostr #dontaskjustbuild

Question, hopefully not too stupid. Take into account that I'm a newbie.

I recently discovered that I can buy Sats from an ATM using the Lightning Network without KYC at the limit of 50 EUR at a time. It's not much, but it's honest stacking. I prefer this option because I pay only 2% commission instead of 8% on-chain, and one can use Boltz when it accumulates enough to move it. Overall, way cheaper.

Forgot about the question... I can read the QR code from the ATM only with Wallet of Satoshi. I tried Minibits, eNuts and even Primal's wallet. Nothing. 🤷 As a newbie, I feel dumb as f...k, but I would still like to know why. So, any thoughts?

#asknostr

I’m a phone call with a client, and he had to take a customer; I’ve been listening to the two of them chat for the last few minutes about how somebody simply *must* open up a cheese shop next door… 🧀 dunno why but the whole experience feels kind of surreal 🤷‍♂️

What age did y’all become parents?

All this price pump stuff is starting to get overwhelming… anyone else?

1) Is my security setup ready for the parabola? (Solid/could be stronger)

2) I needed to stack more (always…)

3) Will I have the mental/ emotional fortitude to hodl? (yes, just breathe)

#plebchain #asknostr

Memes not mine, stolen long ago. Added if anyone needs a reminder 🫡

#Bitcoin hits $93k⚡️

It’s a chart day (sorry)

#BTC #NOSTR

My son sent me this picture and asked if I could upload it to "the internet".

He wants to know if it is good?

As I can't even draw a stickman I am always blasted away by his drawings.