The price of bitcoin is your ego.

UNCLE SAMBankmanFried

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#[0]​ posted The Mandibles author Lionel Shriver’s new bitcoin wallet on the bird app 30 minutes ago and it already has $25,000 political currency units worth of BTC from plebs. I hope he updates us on her reaction when the dust settles.

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A legacy bank rugging half of Silicon Valley is just about the best marketing campaign to corporate treasurers that bitcoin could have, would you agree #[0]

In optimistic news, there’s probably no better life-lesson for the entire tech industry on the value-prop of bitcoin than having a significant portion of your community getting their bank accounts frozen and then vaporized without notice. Not your keys, not your cash.

“plus the economically confused would-be central planners are undermining the fiat competition. by self-destroying fiat credibility and fitness with the dystopian social controls. the money printing hyper-inflationary death-spiral drives people to wake up and take evasive action.” - #[0]

I feel like we need a vivid street slang word for bitcoin itself, something that when spoken identifies the speaker as a member of a distinct cultural tribe. ‘Sats’ is growing in use, but there could be something more gritty, alive. What will the people of the cypherfuture call it, plebs?

"Proof of work relies on physics to tell you what is true, and proof of stake relies on human judgement: 'I will tell you what is true.'" #[0]​ on #[1]

Paul Krugman discovers the rugpull….

Nostr feels like a lifeboat of authenticity for the coming storm of AI-bot fake content on social media, (the way many think of bitcoin as a lifeboat from the storm of fake money)

On the face of it, it’s understandable to believe that vocal BTC maxi’s are motivated by pure self-interest (greed). But wait: If a person believes that the hardest money wins exclusively AND that BTC is the hardest money, then is it not altruistic to spend time and effort informing others? The self-interested response would be to stack SILENTLY.

Try it for yourself: BitcoinOrShit.com

ZAP POLL: How do you pronounce ‘Nostr’? Zap your preference in comments 👇

#[0]​ #[1]​ What is the possibility of updating

Bountsr Discontinued

in a way that lets third parties commit additional bounty to existing bounty-quests? ie, enriching the pot for something an individual wants to support?

WHITE HOUSE: “We must rebalance the responsibility to defend cyberspace by shifting the burden for cybersecurity away from individuals, small businesses, and local governments, and onto the organizations that are most capable and best-positioned to reduce risks for all of us.” 👀 https://www.whitehouse.gov/briefing-room/statements-releases/2023/03/02/fact-sheet-biden-harris-administration-announces-national-cybersecurity-strategy/

US TREASURY: “In summary, U.S. policymakers are evaluating whether a U.S. CBDC is in the national interest. As part of this effort, Treasury is leading an interagency CBDC Working Group… Even as these deliberations continue, we recognize the importance of helping to shape global CBDC outcomes by actively participating in global standard-setting initiatives and by sharing technology and technical expertise with other jurisdictions that are developing CBDCs.” https://home.treasury.gov/news/press-releases/jy1314