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McCoy
McCoy@primal.net
npub18y33...x5t7
Bitcoin NOSTR block 768722
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McCoy 1 year ago
Metallica sued Napster. Radiohead (Kid A) did not.
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McCoy 1 year ago
Verification protocol for the masses
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McCoy 1 year ago
“In fact, Bitcoin does not use reputation at all. It sees the network as just a big crowd and doesn't much care who it talks to or who tells it something, as long as at least one of them relays the information being broadcast around the network. It doesn't care because there's no way to lie to it. Either you tell it crypto proof of something, or it ignores you.” Satoshi [from the Satoshi-Sirius emails]
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McCoy 1 year ago
“Inflation is a hidden tax punishing savers in order to bail out debtors. Biggest debtor: governments. Fiat suffer from the moral hazard of easy debt issuance, that can later be erased through debasement at the expense of the savers.” -Andreas Antonopoulos Only winning move is to save in a money outside their system.
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McCoy 1 year ago
“Ironic if we end up having to choose between economic liberty and conservation. Unfortunately, proof of work is the only solution I've found to make p2p e-cash work without a trusted third party. Even if I wasn't using it secondarily as a way to allocate the initial distribution of currency, PoW is fundamental to coordinating the network and preventing double-spending. If it did grow to consume significant energy, I think it would still be less wasteful than the labour and resource intensive conventional banking activity it would replace. The cost would be an order of magnitude less than the billions in banking fees that pay for all those brick and mortar buildings, skyscrapers and junk mail credit card offers.” Satoshi [from the Satoshi-Sirius emails]
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McCoy 1 year ago
Transaction finality could/ would be assured with a much lower hash rate. Just wait longer. 144 confirmations is only one day. In Fiat banking, I have to wait sometime as much as a week just to get my own money - let alone a payment from someone else’s account.
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McCoy 1 year ago
Best US-based pathway to remove regulatory friction: orange pill individual politicians: ✅start locally, then expand ✅get them to start their SBR=personal stack for themselves & their family ✅wait With the incentives aligned, the friction related to gov/administration will melt away Eventually legal tender
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McCoy 1 year ago
So much noise. Keep it simple: ✅Work ✅Produce value ✅Practice and preach personal responsibility ✅Save in bitcoin ✅Self or collaborative custody Last one is the easiest one on the list
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McCoy 1 year ago
Banks/ETFs closing soon 🍿
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McCoy 1 year ago
RHR zap stream borked
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McCoy 1 year ago
“Legal tender …. makes monetary policy possible. It allows the manipulation, debasement, and devaluation of the currency by the issuer to obtain seigniorage…..” - Investopedia
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McCoy 1 year ago
AI efficiency gains ONLY increases human flourishing if we use the time savings to do real stuff in the real world: build stuff; harvest food; mine stuff; move stuff; find, harness & store energy etc…
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McCoy 1 year ago
Make bitcoin legal tender Guaranteed win for whichever politician(s) makes it happen.
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McCoy 1 year ago
Vote with your work. Save it outside their system. Separating money from the state is the movement. Have some resiliency. Play the long game.
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McCoy 1 year ago
Produce value. Save in a money they can’t control. Wait
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McCoy 1 year ago
US Bank Holiday pump 🤣🤣🤣🤣
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McCoy 1 year ago
Quick method to remotely check my set-up: (start9, LND, Alby): ✅Send sats on lightening to myself via #AlbyGo connected to my node via @alby hub. image
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McCoy 1 year ago
Still going with this thesis: Honeybadger/antifragile path: ✅DEMs win, US fiscal discipline suffers, inflation rips, they threaten self custody, 6102, tax —> galvanizes builders, freedom tools accelerate, adoption rate increases: price up & to the right, steady, humble gains = WINNING FOMO path: ✅orange-man wins, slightly better fiscal discipline, inflation still likely, slightly better rules/laws/tax treatment —> US based bitcoin companies thrive and build, kicks off an insane nation-state / corporate FOMO, adoption accelerates, price is insane = WINNING