A genie can materialize a million dollars in front of you but cannot create more Bitcoins in your wallet.

#nostrplebs am I set up to receive sats or zaps on Nostr? Trying to figure out alby and my brain isn't wrapping around the hoops I'm having to jump through.

my point is Bitcoin is Bitcoin. No games no gimmicks. pure Proof of Work

Nostr & Cashu aren’t Bitcoin. why we so serious ? we can inject some fun 🤩

B

That's irrelevant. The point is that a time is coming when quantum computing will pose an existential threat to the blockchain, and so the only smart response is to start planning how to upgrade the blockchain's encryption now. Because the more time we have to devise a solution, the better and more smoothly that upgrade will be.

Looks like three changes:

1) Legal reforms will make acceptance of Bitcoin by the private sector voluntary.

2) Taxes will only be paid in U.S. dollars and

3) the government’s participation in the crypto e-wallet (Chivo) will be gradually unwound.

4) For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined

(1) and (3) seem fine, you could see them as bootstrapping measures. Now let's see if companies keep accepting it.

(2) is dubious, the treasury could just exchange BTC to USD to manage the volatility. But is this really about US dollar hegemony feeling threatened, or something more "mundane" such as:

a) the IMF doesn't trust the El Salvador government to handle this competently; or

b) a desire to keep surveilling money flows by forcing them through the fiat banking system

(4) "confined" is a vert flexible term, stay humble, stack sats in a confined manner! nostr:note12v26mqf3rehvnlq9svh58xvkn092ankph6l6ga9fgjwvxnpenetqqzpell

Its nice that you think that. Let me know when you have any evidence to back this educated opinion up.

We just saw a demonstration of Google's newest quantum processor. It solved a benchmark equation that would take our fastest binary computers 10 septillion years to solve (longer than the age of the universe) in 5 minutes. Do you really not anticipate the progress that will be made in 5-10years, as quantum computers become commercially available? And once they're commercially available, they can be used for nefarious purposes by nation-states as well as private buyers. The time when these machines are potentially available to bad actors is coming.

False equivalent.

A BSR increases the likelihood of increased AML/KYC in bitcoin, no matter who proposes it.

The US won‘t add an „asset“ to its treasury used by „terrorists“, „criminals“, and „crypto anarchists“, to paraphrase a certain someone.

Heart may be in the right place, incentives are screwed.

IMF forcing ES to wind down btc operations is only the start of the game.

Not only Bitcoin, pretty much the entire banking system and internet. It's not that hard to address either, apparently.

IS IT LIKELY THAT GOVERNMENTS WILL CONTINUE TO ATTACK PRIVATE BITCOIN USAGE? YES.

IS IT LESS LIKELY THAN LAST YEAR? YES.

IS THAT MOSTLY DUE TO THE HARD WORK BY THE TEAM AT BITCOIN POLICY INSTITUTE? YES.

POLICY WORK IS MESSY BUT BPI IS BEST IN CLASS.

Because Bitcoin isn't a toy, and its devs are serious people

Mood

This is all public knowledge that every nonprofit must publish with the IRS and states