Can retail just GameStop bitcoin already

Good to hear. Everyday makes me stronger.

https://x.com/mrcryptoxwhale/status/2002152297749753996?s=46

Imagine telling everyone for decades to just bet on the S & P and America only to realize this inevitable conclusion, then call Bitcoin rat poison which solves this very problem he mentions.

https://x.com/bitcoinmike23/status/1996304235403825263?s=46&t=SNs3cwvowySK5TqLOVkIhQ

Funny when I pressed Grok Keith went silent

I need to write a bitcoin book, I have way too much on my mind about it all.

https://x.com/bamskki/status/1956725538002805100?s=46&t=SNs3cwvowySK5TqLOVkIhQ

This is the thing I can’t get passed and why I personally lean toward core. Everyone has this idea of what they think bitcoin should be, it’s literally designed in a way to combat this. In doing filtering (if it even works) you basically censor the chain and invite all sorts of legal issues. Monetary use is whatever the market says. Eventually the incentives wipe out the use of the spam. As fees rise why would any idiot waste their time putting this nonsense on the chain.

I think of lot of cores thoughts are getting lost in translation because people just label them as pro spam, it’s way deeper than that. I don’t think anyone in core nor nostr:npub1wqlzdd8chs862luemq2ahd6mppsp9txzflz400h6xy844gydrzvq08rnrp is pro spam. Before all this half the bitcoin world believed Back was Satoshi.

It almost feels like it’s as simple as either bitcoin is censorship resistant money or it isn’t.

https://x.com/breedlove22/status/1982529896095322579?s=46&t=SNs3cwvowySK5TqLOVkIhQ

All of that said, I still know so little about this myself and always willing to change my mind with more information and continue to listen to both sides with no anger or vitriol toward anyone. I

I constantly hear about quantum computing and how it may crack Bitcoin.

While I believe Bitcoin will adjust, I want to throw another take out there.

When quantum computers reach the level it takes to crack Sha-256, I want people to grasp what sort of science breakthroughs, energy breakthroughs , and overall society breakthroughs come from a computer being able to live in a state of 1 and 0 at the same time for an extended period of time.

It’s very possible you may not even need Bitcoin in that world. For me it’s very possible Bitcoin is the bridge to a world where we won’t need money.

https://x.com/bitcoinpierre/status/1980688983752601689?s=46&t=SNs3cwvowySK5TqLOVkIhQ

nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf perfect!

As a bitcoiner, I feel weird every time I go to the bank now.

https://x.com/callebtc/status/1972275437821722935?s=46&t=SNs3cwvowySK5TqLOVkIhQ

I completely admit I feel out of my depth with this subject, however my views very much align with this post by nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg

I can’t help but to think this too.

I’m willing to admit I could feel out of my depth here, it just seems like putting everything on Luke Dash to maintain knots an equally bad problem. I’m for the idea that nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe discussed on a recent podcast where there exists many versions of this to decentralize it more.

I guess I’m trying to understand if this is about game theory then the market wipes away the BS on chain.

I’ve been very surprised how people like nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y and others I have massive respect for have quickly started running knots. Probably the first time I’ve disagreed with key influencers. I can’t wrap my head around the idea of needing to censor to keep something censorship resistant. It literally goes against all the game theory talk.

I also have a hard time understanding who these knots maintainers are, it just seems like a small group or Luke himself. What exactly is their end game?

Lots of legit influencers running knots, people I respect, however their idealism reminds me of the cobra problem. Be careful. This makes me want to run core.

It almost seems like the knots side wants to keep bitcoin censorship resistant money by censoring it.

Personally I believe in satoshis game theory and the incentive structure plays out accordingly.

For reference

The “cobra problem” in India is a classic story about perverse incentives—a situation where a well-intended policy actually makes the problem worse.

Here’s the background:

• During British colonial rule in India, cobras were a major danger, especially in urban areas like Delhi.

• To reduce the population, the government offered a bounty for every dead cobra.

At first, this worked—people hunted cobras and turned them in for payment.

But then an unintended consequence emerged:

• People began breeding cobras just to kill them and collect the bounty.

• When the government discovered this and ended the program, breeders released their now-worthless cobras into the wild.

• The end result: the cobra population actually increased, making the situation worse than before.

This is where the term “cobra effect” comes from—used in economics, public policy, and business to describe when an attempted solution to a problem ends up exacerbating it because of misaligned incentives.

https://x.com/l0lal33tz/status/1971319651675041960?s=46&t=SNs3cwvowySK5TqLOVkIhQ

I would rather listen to nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg nostr:npub1wqlzdd8chs862luemq2ahd6mppsp9txzflz400h6xy844gydrzvq08rnrp and others, than people’s emotional idealism.

nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg is someone in this space that is really growing on me.

nostr:npub1ahxjq4v0zlvexf7cg8j9stumqp3nrtzqzzqxa7szpmcdgqrcumdq0h5ech watching you navigate Dave Collum, impressive.

Funny how guys like him, Brent Johnson, Keith Weiner, & Peter Schiff don’t understand the non-cooperative game theory of bitcoin.

Not sure if you read Nash and the Bitcoin equilibrium yet.

Make it make sense

Marriage material lol

Someone said to me that bitcoin is the 8th wonder of the world to which i replied, its more like the 1st wonder of the new world.

Here’s something I’m not grasping about bitcoin.

If we move into hyperbitcoin world and bitcoin constantly improves in purchasing power, wouldn’t humans be incentivized to not use it as currency and trade every other thing before the bitcoin. In some ways it feels like the incentive pushes more toward store of value. Perhaps the privacy layer becomes the key incentive for medium of exchange.

Understand I do believe in nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe thesis that if it fails as a medium of exchange than it fails as a store of value.