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knutsvanholm
knutsvanholm@iris.to
npub1jt97...la9y
Mind-dynamite monger
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knutsvanholm 2 years ago
Freedom of Speech is the right given to you by your gracious masters to semi-openly complain when they take your stuff against your will.
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knutsvanholm 2 years ago
You cannot "own" #Bitcoin in the traditional sense of owning stuff. No matter what governments, courts, chain-anal people, or anyone else tells you, there is no way of proving that someone DOESN'T know a string of information such as a private key. From this perspective, satoshis aren't ever transferred but rather reorganized on the timechain for communication purposes. The twelve magic words do not belong to anyone. They're just twelve words. What Bitcoin makes so blatantly obvious is that money was never anything but information. A ban on "self-hosted wallets" is as absurd as a ban on using your brain. Such a ban would have severe consequences. It would deny you the right to keep a secret while granting the government the right to claim that you do, making everyone a criminal. YOU would have to prove that you DON'T know something, which is impossible. You would be guilty until proven innocent, which cannot be proven. Any law trying to stop or restrict Bitcoin usage is nothing less than a crime against humanity. IMHO, the Bitcoin community should do everything in its power to prevent such laws. Your ability to use a communications network shouldn't depend on where you were born. Do your part and educate as many people as you can as often as possible. Speech is never free but always costly. It's high time to separate speech and state!
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knutsvanholm 2 years ago
Imagine, everything there is and everything that will ever be, divided by 21 million.
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knutsvanholm 2 years ago
Whether you like it or not, you ARE an "unhosted wallet." Few.
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knutsvanholm 2 years ago
Bitcoins are finite. Blockspace (timespace) is not. This implies that transaction fees (denominated in sats) will perpetually trend downwards eventually.
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knutsvanholm 2 years ago
There will never be more than 21 million #Bitcoin, but a new valid block of transactions is always out there somewhere. In other words - A Satoshi is scarce; arbitrary data on the timechain is not.
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knutsvanholm 2 years ago
In Heinz-sight, the "gradually then suddenly" effect will be impossible to ketch up with. #Bitcoin
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knutsvanholm 2 years ago
Everybody's talking about pizzas today, but what about the divisibility of a nothing burger?
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knutsvanholm 2 years ago
If "institutional adoption" of #bitcoin excites you, you don't understand #bitcoin what #bitcoin is
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knutsvanholm 2 years ago
Imagine a company shipping grains of rice in boxes. One day, a charlatan fools some rice consumers into thinking that rice grains are tastier if first painstakingly ordered by their texture, shape, and color before being packed into the boxes and shipped. As a result of this procedure, every rice consumer now pays a higher price per shipped box. At least as long as the charlatan is still able to fool people. The major rice shipping companies are still happy because they get paid more per box. As long as people still choose to consume rice instead of something else. The charlatan is very good at scamming people and even dresses up as a wizard to show how magic his new rice-ordering procedure is. Suddenly, a new rice shipping company enters the market, willing to call out the charlatan's bullshit and start shipping rice the old-fashioned way, without the pointless rice-grain ordering. They point out that rice will be more popular in general if normal rice consumers aren't forced to pay a premium because of the whims of a scammer. The charlatan and his followers call this refusal to play along with the scheme "censorship." They claim that ordering the grains is a "technological advancement." In the end, the wizard and his rice ordering don't age very well, and people start preferring the new shipping company over the old one. Keep fighting the good fight, @npub1qtvl...7dze @jack @Luke Dashjr