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Replying to Avatar Lyn Alden

GM.

Some people say that everything is good for Bitcoin. I almost, but not quite, agree.

Everything that fails to land a critical hit, is good for Bitcoin. What doesn't kill it, usually makes it stronger. The bigger and more robust it gets, the more resilient it is against even the idea of a critical hit, and that has required work. When threats materialize, programmers program, financiers finance, and podcasters podcast.

Bitcoin is a growing, robust ecosystem that responds to threats and hardens against them. Sometimes at the base layer, often at higher layers. It doesn't put too many premature resources against threats that aren't currently hurting it, but can swarm massive resources in response to something that does start to hurt it. Nobody's in control; it's a well-designed swarm of incentives trending toward life, and in this case life means functional operation as a permissionless and high-quality global ledger to store and transmit value (i.e. electronic cash).

I've long since viewed it in that self-healing way, since it's a similar lens to how I view the established macroeconomic system as well. People continually underestimate a lindy system's response functions against threats, for both good systems (like Bitcoin) and bad systems (like central banking). It took me a bit of time to be convinced that Bitcoin was lindy, but once I did, I haven't seen any reason to waver.

Bears doubt its robustness. Bulls consider it highly robust. I'm a bull. It's not that I consider it invincible though; it's that I consider it as having a high probability shot at resisting forces against it, and a better shot than any of its competitors.

And for those who don't know, my background is in electronics engineering with a control systems focus in my early engineering career, so the fact that I became enamored with the robustness of a decentralized money's inbuilt control system and the ecosystem surrounding it was no small hurdle. It probably contributed to my skepticism early on, but once my skepticism was satisfied, it instead contributed to my conviction.

I agree with those who say that one day state attacks will be the biggest threats against Bitcoiners. Not against Bitcoin's existence itself, most likely, but against its permissionless and private usage.

The defense against that comes from those writing high quality code that gives people tools to resist, educators and financiers that help expand them, as well as jurisdictional arbitrage as high-conviction people can and do move around between legal jurisdictions toward freer ones.

It'll be a longer process than many expect, I think. But the ecosystem is built for it, and attracts the best people to deal with it. And Nostr is currently part of its epicenter.

States will Trojan horse and make og holders rich and banksters rich then force a fork or close off ramps from legacy system

Still won’t work imo. The flame of freedom burns too strong now

Bitcoin is no longer the ark, it is the flood

Somehow my taxes will go up due to this

nostr:nprofile1qqst0xtvrqlqxm0j0qpfgkuqh0wgkzl4judkvgdgd0e4d8pnyytlqlgpzpmhxue69uhhytngdaehgu3wvd3szxthwden5te0wpex2mtfw4kjuurjd9kkzmpwdejhgtc8epmdd made an interesting price call recently of 2500 sats per 1lb ny strip

Here’s how that actually pans out (pun intended)

Bitcoin isn’t the ark, it’s the flood

Literally including this in a book I am writing lol

nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs

I can’t even

Literally daily

Investor relations is a very important function though.

Ngl I don’t think Lubka did a great job on that pod

Vibes aren’t gonna cut it for most investors

Life comes at you fast

Can you get nostr:nprofile1qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccpzpmhxue69uhkummnw3ezumt0d5hsz8nhwden5te0dehhxarj94c82c3wwajkcmr0wfjx2u3wdejhgtc5njcpw to pls fix

There needs to be a supercut of nostr:nprofile1qqstm84k2lp9knmvmf5gw88zvfvar7duvfpqfplryfystdn55ug2gkspramhxue69uhkummnw3ez6un9d3shjtnzd96xxmmfdchxu6twdfssz9mhwden5te0dehhxarj9enx6apwwa5h5tnzd9aqhc9p29 going on unhinged normie rants

This last couple from nostr:nprofile1qqsvfr3f7p95stxqrjslnmuvsmhcxxxqt8swjdfjx5tz7zq0yms5cygpp4mhxue69uhkummn9ekx7mqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdu4x4pl0 show were hall of fame

We live at least 5 lives.

Those of us who have been through recovery or found God or studied something like Bitcoin for long enough have already turbo ran 3 or 4 of these

The past feels like a strange movie because it is

Replying to Avatar HODL

More that mildly irritated at skipping a year for no good reason