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Adventure and life enthusiast. Time respecter. Credible information seeker. I create value by building nice things in the physical world. Bitcoin and freedom maximalist. P2P. Agorism. Value-for-value. Sovereignty. Rules without rulers. Personal responsibility. Fixing the money -> ends central banks

I heard the old dial up modem going in my head when I read this šŸ˜‚

I was thinking about this today but in the context of an anarchist society.

There is a huge chunk of land out by where I live that is a tree farm - they harvest timber and replant so they have perpetual income. Anyways, they allow people to build trails and ride mountain bikes on their land even though it’s private. It’s a cool place and has nothing to do with the state, just volunteerism.

It got me thinking that instead of the state choosing what land would be parks that instead private land owners would definitely do the same thing in a state-less society but voluntarily so.

Infrastructure would be similarly funded by wealthy benefactors who could afford it and who wanted to do right. I think the noblesse oblige philosophy would be taken to by many Bitcoiner’s snd could create a very positive behavioral feedback loop.

#Bitcoin and #Nostr bros 🧔 you all

Fully agree with this. The writing is on the wall.

I wouldn’t be surprised if a handful of governments are hashing in secret to stack as well. Just not going to be able to build meaningful positions that way anymore.

NGU is an important feature of the design. It’s a way to get mass marketing / buzz for a decentralized protocol. The genius of this thing never ceases to blow my mind.

I think it will be impossible for central banks / gubmints to accumulate substantial positions without it being discovered. Initially a few can maybe get away with it but it’s too scarce and base layer is visible.

One thing I am relatively confident at least a handful of countries are doing secretly is hashing, but they can’t build big stacks that way.

I think they’re hesitant bc they know it will be the beginning of the fiat endgame.

Hard to say. Will be very interesting to see it all play out.

Maybe. I’m not so sure. It seems like they know this will set off the end game for fiat, and I’m certain all central banks are reticent to begin the end game for their printer.

The first central bank to ā€œprintā€ their shitcoin to buy #Bitcoin will set off something perverse and irreversible.

This will be a watershed moment in the Bitcoin monetary game. Next ten years are going to be so loco.

In the fiat world it is scams all the way down.

https://youtu.be/0b8Osg5MbfE?si=epmO09i-9F30Rf1y

#Bitcoin timechain stats:

ā‰ˆ54 days until the fourth halving epoch begins

ā‰ˆ100 days to 1,000,000,000 tx’s

ā‰ˆ1,160 days until 1,000,000 blocks hashed

All done with no centralized coordination at global scale. Bitcoin was designed in a way that incentivizes self-assembly and perpetual growth / adoption. This Network is truly an engineering marvel.

In my opinion #Nostr will grow similarly to how #Bitcoin grows.

Nostr is being built by the ā€œvisionariesā€ and used by the early adopters. It will continue to exist and gradually improve but due to its anti-fragile architecture there will be times when external events (eg things akin to Covid censorship) will catalyze large growth spurts for Nostr relative to centralized and censorship-prone platforms.

Similar to how Bitcoin simply exists and works as it’s slowly built out by global visionaries but certain events (eg hot inflation, bail ins / outs, bank runs, halvings, etc) catalyze massive spurts of adoption.

The human errors within centralized systems consistently (but intermittently) push large swaths of users to the anti-fragile alternatives over time.

The decentralized alternatives are superior, but nascent. They need to continue to be built and that will take more time. But it’s happening. I think Bitcoin has reached the inflection point of no return, though it’s not reached its final form yet either. Still ā‰ˆ a decade of work to be hashed out.

Global banking has > 6 trillion market cap. This is the total market value of institutions that enable value transfer and value storage for around < 2 billion people.

Is anyone going to tell them?