Unbelievably salient in today's world.
I don't trust the East and know not what the West has become.
Those of us awake are in desperate need of finding each other. nostr:note1e5w2977q6ururq22chln5k2s7dt9p9n0rlyuhajxfcf6p7ylvl8sdtv7jh
Spoiler: the guitar session is horrific television.
Just horrific. nostr:note19nl5fw5dkfc3k8xrl8cvxgu9em93zf8vxuenpfdqstn7tmtxllrqwml6hl
I'd let her remind me about absolutely anything on a daily basis 😂
Hard FOMO
He knew he had to get the lions share of the supply issuance into the hands of cypherpunks and people who utterly comprehend the gravity of the situation. He knew there was a need to empower those people and reward them to protect the protocol.
I find these comments really interesting. It certainly does seem like there is more intellectual capitulation going on rather than a short term greediness.
"Well I guess I have to figure this thing out. It must actually be a thing and here to stay." nostr:note1zshcjw8cyw588affzd0c254n3wtpjpn7t7tgh6009yzw8kzrd83q2qwsas
Not quite the same vibes lol nostr:note148jvza56agg7p03xe8cttzmfhxvk3jaqydz79ykylktn3tvp6w3slegqjc
It's the handing down that's going to be the most satisfying part. Not just one generation either. nostr:note1ktc5f9ek999nl4wg4zw8vkqnrlgfrsnn9u3weg47w4rxfnvhk67qpeep2z
EU CBDC will have limitations intended to protect the banks not the consumers
ECB blog:
"Individual digital euro holdings would be limited.
Merchants would be able to receive and process digital euro, but would not be able to hold them at all ‒ protecting the corporate deposit base of the banking system.
Moreover, digital euro holdings would not accrue interest."
https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240219~ccb1e8320e.en.html
It's just so enticing 😂🤣😂🤣
Too few understand the long term deflationary power of Bitcoin and see it simply as a financial asset to trade. Certainly 90% of the institutional buyers probably fall into this category. So this cycle as the price rises you will see plenty of profit takers who will sell at a 2x or 3x avoiding a genuine liquidity squeeze.
Ultimately the true supply squeeze will come when the world accepts Bitcoin is the premium monetary good that you should never sell. This maturity of understanding takes time. Next cycle we will have a significant number of institutional capital allocators with a higher conviction on the purpose and utility of Bitcoin with a hodl strategy. Demand will completely overwhelm supply and exchanges will freeze. Price will gap from 500k to 2 million circa 2028/29. That's just the way I see it.
If bitcoin is global reserve asset then the fixed supply forces the world into a deflationary spiral of sorts. In such an environment the only way you ever commit to consumption in the present is if you can extract a lasting utility from that good/widget over a long time period.
Plastic toys become pointless. Wooden toys that are passed down are a far wiser consumption preference. Construction trends towards homes capable of standing 500 years not 50 years. All this bodes well for a culture enshrining sustainable practices as economic incentives align.
What you need to do is adjust your time horizons. I remember being utter infuriated in 1996 over the speed of internet page loading times over a dial up modem. Nothing about anything worked particularly well despite the internet being around and in development for a decade. Yet 10 years later as mobile phones collided with the internet protocols human interconnectedness simply exploded - dematerialising huge aspects of civilisation. I didn't have the foresight in 1996.
Bitcoin hash rate is growing, development is moving at a rate commensurate to the importance of getting the foundations right, economic incentives align with sustainability ideals, and in and on.
Where are you sourcing information from?
Do you follow Troy Cross? Lyn Alden? Have you read any of Fidelity's reports? Do subscribe to any paid research like ARK? Do you have mempool.space bookmarked? Any overarching dashboards you follow like bitbo.io to give you a feel for how the protocol is behaving? Do you follow any of the key capital allocators in the space like ego death capital to better understand the layer 2 scaling strategies? I've barely scratched the surface there.
My point here is this - how much work are you willing to do to get your head around a paradigm shift in how we as humans interact?
Sorry I realise I haven't given you specific answers but to be fair your post was pretty unstructured and broad!
I agree this is a much stronger position to take. Right now both have intrinsic value though. One is eroding rapidly and the other is growing with hash. nostr:note1hdwp8tld5nz7u7ngtdwxv2vx6phaj6lqp76j3m40u87tpksr6a5se6zdcp
Yeah I understand. I was curious if there was some drastic shift in context I'd missed along the way. 👍🏻
Fair enough. I'm going to continue to use those terms but respect your choice not to. I agree that our choice of language can impact the openness of someone to the Bitcoin message.
Jor this happens all the time in Australia.
When you mess up you cop abuse and you take the tough love. Sometimes a brutal reality check is the greatest form of love someone can show you.
Everyone is different.
I get where you are coming from - but we have leave some scope in our society to battle each other with language. It sure beats the sword. I'm not sure the word 'normie' is ever applied in a context of actual hatred.
Prophetic universal truth. nostr:note13zyxmlsfs5x0wkvlszjzsqjvjmmnhd8v4mdw4j5f2v3s2p0j750sk0sa2x
Can anyone on #nostr even imagine going back to X? I get zero engagement on Nostr but I'm infinately happier. Fuck engagement 🤣 nostr:note1cpz3l5z5f5l2qulqvdjyesmgctwuw4szt7urctmngskc4ydwnkjsk6r8gt