That would be a kind of soft rug-pull. Just maroon us on a desert island with loads of treasure we can't actually use LOL!
Or maybe this will always be a niche thing, with us buying and selling from each other but never able to interact outside a relatively small loop. At that stage we'd get squeezed into a corner and it will be a brain drain as well as a wealth transfer. Some soi-dissant devs don't help matters much the way they act as if they are a superior race, with their in jokes etc but when you ask them to explain something they either hit you with jargon or take the piss. The way doctors once were I suppose.
Exactly. Well since the scamdemic I've been working at about 50% of my comfortable capacity. Some of my clients lost funding and talked about affordability. So I said, look, pay me in bitcoin. If they'd bought bitcoin one month ago and paid me with it today, I could charge my full fee and they would in fact save about 45% taking into account taxes, transaction charges as well. I can even save them more if they really need it, because I'm willing to bet on the value going up. So far I haven't had a single taker, which is baffling, really, but I have at least got some people now asking questions. One guy was happy to pay me for a couple of hours time to show him how a wallet works, how to buy bitcoin etc, which is encouraging. Soon this snowball will be an avalanche, I'm sure, now bank runs seem to be picking up pace.
Some great points there.
WoS yep I only got it to zap sats. I treat it like the ashtray of my unlocked car, basically.
If there's a non-custodial LN wallet for zapping I'd like to know. I can't find one. Preferably if it can work on mobile or desktop, and better still if it can also do on-chain without silly rules and fees.
The rug-pull thing, I don't know how it would work. All I know is too many people still dependent on systems with points of failure. Taking funds is one thing, shutting down wallet servers for popular systems eg Ledger, Exodus etc is another possibility. All surmountable with a modicum of knowledge but most people would be stuck at least until they could phone a friend and considerable damage could be done in a few hours.
There are those who believe Bitcoin was built with backdoors we can't see, maybe even hiding in plain sight, who knows, and that at the end of this year there'll be a massive theft of everybody's holdings. I can't begin to judge that info or the quality of the source, but the reckoning was btc wouldn't disappear but would diminish hugely in value and importance. Me, I'm still betting heavily on it, because this is like WW2 and if only toasters come with guarantees.
And what really strikes me is that bitcoin maximalists are being set up to put all - literally all - their wealth into bitcoin. The bit that got me banned was when I said we need to transact in bitcoin or it will lose its value at some point. If you can't spend it, nobody takes it, then it will be defacto worthless. Just suppose the entire structure is in fact set up for one monumental mother of all rugpulls... and they're waiting for the value to rise to, say one million, and then pull the rug. Now, wouldn't that be a pretty huge wealth transfer? We just need to take steps to make sure we are protected against that. The only solid rule in finance is and always has been do not put all eggs in one basket.
Jumping in here, I personally don't listen to Saylor because the couple of times I have he's come across as really angry. But then, so am I. But also I've seen some heavy censorship of the audience of one channel in particular that seems to be set up for fans of Saylor. And the sorts of things being blocked were not in any way disruptive - unless there's a narrative that must be maintained at all costs. Not sure what that is, but it's the only thing I can think of.
The last person I would go to is a real doctor. After the last 3 years my confidence has gone from low to zero. Health was stolen from us in a sort of land grab leaving everyone confused. My goal is fully decentralised healthcare, but without everyone jumping in with their favourite BS solutions. Progress is... slow.
You can get 4 years for that
Yesterday we were all financial geniuses!
Aaaaaand... suddenly everyone on NOSTR is a doctor
#[0]
I get paid a pittance to sort out these things. Doctors get paid a fortune for failure. Just saying.
All I see there is half-truths. They can stop the outflow by blocking withdrawals and imposing limits. They can reverse it with bailouts or with people panicking and moving money from one bank to another. I'm not buying into fiat right now...
Not sure why somebody might want to/feel they need to say sorry all the time. Unless they had one of those jobs. You know, politician, banker, doctor, journalist, lawyer... all the people least likely ever to say sorry.
Twitter Files - "Virality Project" is/was an Orwellian censorship and disinformation machine controlling narratives and information right across social media. NOSTR is going to save lives in future.
Yeah WTF DID happen in 1971? Seems to have affected everything. Stunning graphs show an entire global change in direction.
https://wtfhappenedin1971.com/
NSW here, it's like California when it was still liveable, with better coffee and worse wine! 35 degrees here by the coast right now.