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sachin
npub1xnc6...3qnl
Contributing to the Bitcoin Breakdown newsletter
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sachin 8 months ago
Saifedean's talk about Tether is great I start thinking something is bad for Bitcoin and become very confident about it. In comes some Bitcoiner to tell me why its actually good for Bitcoin. I'm running out of bearish scenarios
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sachin 8 months ago
So.. Zeus •Self-custodial •Runs a node on your phone •Has an on-chain wallet attached you can access the seed of •Offers an LSP service you can lease channels from, for varying and extendable durations each with its own rates •Can connect to whatever Neutrino peer you want •Can open LN channels with any peer you want •Lets you swap b/w LN and On-chain without opening or closing channels •Comes with Cashu •Let's you open taproot channels •Provides you with a trust-minimised Zaplocker LN address and an alternative cashu-based address •Lets you create a separate profile besides the embedded node one and connect to your own custom node •Has an NWC integration
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sachin 9 months ago
To give a glimpse of what people are missing by ignoring Hoppe just because someone else said he's not cool, here's an extract of a footnote from his essay titled 'In Defense of Extreme Rationalism': "Though quite frequently mentioned as an empirical counterexample, it should be noted that quantum physics, or more precisely the indeterminacy or Heisenberg principle of quantum physics, correctly interpreted, is in accordance with this. What has been previously said does not preclude—and this is precisely the situation in quantum physics—that in order to experimentally produce a result, two or more measurement acts must be performed and that because any two separate actions can only be performed sequentially, the performance of the latter act of measurement might change the results of the former one, so that if this proves to be unavoidable, the results in question can only be predicted statistically and a deterministic explanation proves impossible. But even here each separate measurement act presupposes the validity of the constancy principle—otherwise, neither of them would have been performed; and the sequence of acts, too, presupposes constantly operating causes as it would otherwise be simply impossible to repeat two experiments in the field of quantum physics and state this to be the case. Moreover, the experience of quantum physics is in exact line with the preceding conclusion regarding the characteristic of causality as an action-produced phenomenon and as a necessary (known to be valid a priori) feature of reality. If causes can indeed only be measured and identified sequentially, by means of actions that have repercussions for each other, then they can, in principle, only be causes whose constant operation is of a probabilistic kind—and this, to be sure, can again be known to be true a priori. Quantum physics then only reveals that cases such as this are not merely conceivable, but do in fact exist. See on this F. Kambartel, Erfahrung und Struktur, pp. 138ff.; also P. Mittelstaedt, Philosophische Probleme der modernen Physik (Mannheim: Bibliographisches Institut, 1968)."
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sachin 9 months ago
Nostur on desktop is amazing. Fabian has done a great job here. I can tap on the unread count button and view all the unread notes one-by-one, open the ones I’m interested in on a separate section which resembles a browser and view them with more concentration once I’m done skimming through the feed.
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sachin 9 months ago
Indian Bitcoiners already have the headache of getting people to understand millions and billions because everyone uses lakhs and crores here No way is changing what we call existing units a good idea
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sachin 9 months ago
List of companies and organisations that don't think Bitcoin is a scam in 2025 Blackrock, Blackstone, Fidelity, JP Morgan, VanEck, Ark Invest, Goldman Sachs, Morgan Stanley, BNY Mellon, a16z, Draper Associates, Robinhood, Bridgewater, Tudor Investment Corp, Miller Value Partners, Deutsche Bank, PayPal, Visa, Mastercard, Shopify, Citigroup, Block, Inc., Cantor Fitzgerald, Softbank, Franklin Templeton, Deutsche Telekom, Standard Chartered, Chicago Mercantile Exchange, Shell, Saudi Aramco, Gazprom, ExxonMobil Governments of the United States, El Salvador, Bhutan, Abu Dhabi, New Hampshire, Arizona, Texas, Switzerland, Singapore, United Arab Emirates, Germany and Norway
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sachin 9 months ago
Intellectuals hate the free market Maybe because: 1. It cannot be controlled, planned, designed or predicted 2. It will often yield outcomes that they don't personally like 3. Their livelihood is uncertain under those conditions 4. They need to constantly produce work that people actually find useful for their lives 5. A non-intellectual who has not read a single book or had a formal education can become wealthy and successful 6. Nobody's position at the top, middle or bottom is guaranteed or permanent, so much so that there might be no such thing as a well-defined 'top, middle or bottom'
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sachin 9 months ago
Austrian answers to some common Bitcoin questions: 'Why buy a house when it makes more sense to buy bitcoin and rent a place?' Because some people like to live in their own house for their own reasons. 'Why buy anything with an appreciating currency when it will be cheaper in the future?' Because people want things for survival, sustenance, leisure and comfort. Some things they will want now while others they will want later. Nevertheless, people will want things. 'Why invest in a business when the money you hold will likely outperform it?' Because someone else might value the money you hold more than you and is willing to take it off your hands in exchange for the promise of paying the difference. 'Why would anyone work or produce anything at all or want to own anything if money just keeps appreciating?' Because production requires capital, energy, time, resources and land. The more scarce these things are, conflicts occur. To do anything at all, people need to agree upon norms of ownership.