Defund the bureaucracy #bitcoin
For your Bitcoin privacy: aim to be surveillance resistant. Complete untraceability is great if you want to invest 10x the effort, but I'd only do this for a small amount of BTC you're making a specifically dangerous payment with. (Single whirlpool utxo mixed a dozen times, sent to a single use lightning wallet via tor etc)
This means for most people its okay to just make lightning payments with a wallet like Phoenix, and even better if you fund it from a whirlpool mix. A really really motivated spook could possibly find some metadata here to infer some things, but difficult to do anything across a large number of users.
People always talk about the number of bitcoin buyers and how this is the central driver of demand. But they usually miss the secord order: it's the amount of BTC these buyers think they need.
When I first bought in 2014 I had the equivalent of my monthly salary, and it felt like A LOT. Today, the few friends of mine that have been interested enough to get some have around that level or much less. That's fine, great even! It's a start! But they still haven't made the leap to recognizing that Bitcoin is THE asset, it's THE savings device.
As a portion of my income, my BTC holdings is orders of magnitude higher now than when I got started. My current demand is equivalent to a few dozen of me in 2014.
THAT is where demand comes from. The slow, but sure, irreversible realization that Bitcoin is the hardest money ever, and why that matters. Massive increase in demand, but also of the type that doesn't panic sell.
The size of the government is much larger than official state expenditures.
There are obvious cases such as the BBC - its license payer funded, but they are forced to pay by the government.
Then there compliance departments and lawyers who exist simply to help businesses adhere to government laws.
Finally, there are all the businesses that exist in service of government created problems. E.g. startups that identity or KYC, or auditing etc. Probably a lot of fintech.
How big can this thing get? We can't all be servicing the state? Someone has to grow the food, build the houses etc. (Although even these have their share of government sacrificial offering)
We're never going below $28k again!
He'll just end up selling this to governments as an extra biometric check that they'll link to their new digital ID systems. No different to passport photos or fingerprints, just a bit creepier.
Focus is on poor countries with bad infrastructure, so he will magically get aid money to pay for the rollout.
It's just a grift dressed up as cutting edge tech "making the world a better place" (💯 this is perceived positively by the Davos crowd, and global South bureaucrat hangers on).
Hope I'm wrong, but Ray Youssef has always given me scammer vibes. Something fishy about this Paxful closing stuff.
Lol - is this a late April Fools? 🤣
Scrolling through negative reviews of Everything Everywhere All At Once to make myself feel less crazy for really not liking it 😅
We are very powerful at the bitcoin cartel 🤣
😵💫 Just listened to a Bankless podcast. Wow. Even worse than I thought it would be. The topic had nothing to do with crypto, but their interviewing was really amateur, and they couldn't keep up with their guest. But they still have such a smug overconfident vibe!
And then there are the ads ... Jfc. I sometimes think maybe bitcoiners exaggerate about shitcoiners, but it was literally all for shitcoin trading and NFTs. Not even anything clever - just "X platform let's you trade your NFTs really easily!". And this is supposed to be the biggest crypto podcast out there? Speechless.
Yeah actually I think Pettigrew (Wormtail) is fitting. Hates Voldemort, but still helps him. Once was part of the Maurauders, but betrays them. Ultimately gets dicked by Voldemort despite giving up everything for him.
It's been said before, but I just want to vent:
I can't stand the people that smugly say Bitcoin will fail because the state will ban it. They just want to submit to the tyrany of CBDC's and/or banking surveillance?
Look, they're probably even right that the purchasing power of Bitcoin _could_ plummet. But, all they do is actively reinforce the power of the state (even if they're otherwise liberty-minded). Absolutely infuriating.
What is a fictional character that most resembles them? I need to call them a name.
What are they selling is a good place to start
Look at podcast sponsors or other projects they're interested in.
Lyn Alden vs. Raoul Pal
TFTC vs. Pomp
Also, don't be cynical and give unknown new voices time. Proof of Work + Verify.
Agree. He's teetering on the edge of understanding right now. But likely outcome is that he either goes full on co-optation suggesting fossil fuel mining be banned, or he just starts shitcoining (makes some more art for Solana etc.).
Yeah just checked. Gonna have to RBF
Taleb playbook in action. Hunt scheduled to appear on a shitcoin podcast (Taleb spoke at a BSV conference soon after his Bitcoin rage quit).
I just figured out the solution to protecting earnings and savings against inflation. Its's not Bitcoin.
All you need to do is become a UK member of Parliament and enjoy a defined benefit inflation index linked salary and pension 🤑