Any UTXO deserves to be bigger than its fee. The cardinality of ordinals shouldn't be trivial.
Lau
lau@nostr.report
npub1t2wy...8c2u
#bitcoin #nostr
To explain what Michael Saylor meant with the term "gold rush": There's a completely untouched arbitrage market for energy efficiency to be explored by #Bitcoin miners.
Don't tell anyone, but it's time to buy a donkey, a shovel, a pick and a pan.
The reason I dropped out of university at 24 was that I learned it had been teaching me how to become a cog.
Heatpump heatharvesting ASICs to mine #Bitcoin with the residual energy, and repeating that circularly is the actual renewable energy.
#Bitcoin Power law price modeling is like having a million dice roll 1000x and then picking the two dice that have almost the same pattern, claiming one is a model for the other.
Our current institutions aren't conspiring to oppress their citizens, they are executing a system error.
Law is no longer representing its subjects by prosecuting misconduct of responsibility by any reasonable margin. Therefore the misconduct is systemic.
Complaining about human behavior isn't going to change zap culture, but understanding scale, ratio and motivation does help to picture where #Nostr will go.
"Why won't people zap?"
They do, and they will. But the current ecosystem is tiny, there is not enough bandwidth to support every potential financial incentive.
Here's a funny thought. Because bitcoin's absolute scarcity and the multiplier effect, a large enough player could actually start buying #Bitcoin while price goes up because of its own buying and be profitable by buying the remaining supply.
We're changing the denominator.
Yes that's strange, because the denominator is also changing while we do this. This is very confusing for many people.
#Bitcoin
#Bitcoin mining in 2024 is almost like insider trading.
The smartest you can be is understanding how smart you are. Once you realize that you can strategize what to do next.
Leaving centralized monetary influence out of the political equation is like describing the movement of planetary bodies as if the planets are actors in a play in stead of subservient to the laws of physics.
Those who discuss endlessly without acknowledging this will become irrelevant.
The appeal of models has been clouding minds since the dawn of mathematics. 
"What the naive mind calls reason is nothing but the absolutization of its own value judgements."
Ludwig von Mises 
The real revolution of #bitcoin is in our collective choices.
#Bitcoin development will pay for itself.
Any price appreciation unleashes an enormous amount of capital that the owner has every incentive to invest into bitcoin development.
#Bitcoin mining is a process of buying unmonetized power at any reasonable price.
Real estate has become a store of value because there was no good alternative. Real estate has a primary function (dwelling) that has to compete with the store of value function, which is the reason we have this asymmetry. #Bitcoin will replace this store of value function so that real estate costs can represent its proper function again.
Human action is a phenomenon which outcomes can be suppressed by policy, but human action always adjusts. Any form of restrictive policy will result in an inverse reaction by one way or another. Our collective choices will simply become other collective choices. This is the fallacy of restrictive policy.