techfeudalist 's avatar
techfeudalist
npub1nz3c...yxqu
Blessed by tech; working to bring the benefits to everyone. Freedom, incorruptible money, privacy.
Honestly, if t would be amazing if the 🇺🇸 dumped their coins. It might even motivate other countries to step of their stacking. Even out the playing field.
I don’t know what’s funnier. Them trying this stupid sequel… or that people will fall for it again. 🤦‍♂️ image
This post made me wonder what percentage of bitcoin core devs are shitcoiners? Maybe devs should be forced to lock up bitcoin for a long time to get access to funding and repo commit privileges. Any core dev with no material skin in the game is probably a security risk. image
I want to dig into this more, but at first look, it seems strange. Why would a self custodial lightning app rely on a 3rd party API? It seems that this service is trying to fill a hole in the market that maybe won’t exist for much longer. I’m still thinking most self-custodial lightning apps for plebs will disappear. Instead, lightning will just be used by custodians, exchanges and federations. We, the plebs, will just be using ecash soon. Dunno, maybe I’m missing something? View quoted note →
Long and meandering but I found the premise interesting. TLDR: the pyramids show signs of sea water damage from a ~600 ft flood thousands of years ago.
I haven’t dug into this discussion but it strikes me that if we’re having it then bitcoin core is too centralized and powerful. If the software were sufficiently decentralized then it wouldn’t matter what 3 devs did, would it? View quoted note →
We’ve been watching the thesis of the Sovereign Individual play out as the world transitions from the centralized industrial age to the decentralized Information Age. One of the predictions is that the large nations, like the 🇺🇸, would fragment. The trigger could be anything but I’ve always suspected it would be a financial crisis, probably over the federal government plundering the states, an echo of the original Tea Party. I’ve been increasingly seeing signposts like this 👇- financial disputes between the states and federal government. In addition to issues like the border dispute, you can also see how blue states are going to need bailouts soon for their mismanaged pensions and massive state debts. Will the red states pay? Will be interesting to see how this plays out.
It seems that devs are frustrated that our only layers are custodial. Even lightning is mostly custodial. So, to “fix” this, we need a new technology that will potentially enable new unknown solutions in the hope that something will magically solve the problem. They don’t know how it can be abused but they don’t care because they’re distracted by the hopium. Their hearts are in the right place, but this design philosophy is inappropriate and dangerous. They need to follow Satoshi’s example. Keep the system simple and safe. Think long term. View quoted note →
The drop tonight looks to me like near term capitulation. Combine that with the craziness in currency markets right now, we could see a flight to safety after this selling burst ends. Max pain is starting to be up now. Remember… Bitcoin can’t go bankrupt but their banks can. The rocket fuel of liquidity will eventually come. Don’t leverage, just buy what you can, hang on tight and enjoy the ride. 🍿
An amusing thought experiment. Since 🇺🇸 has 210k bitcoin and another 1M in taxable ETFs, that would be ~$50 million per bitcoin. The Fed could slowly and secretly buy bitcoin up to that price and would accumulate more in the process, so the actual price target would be far less. The bitcoin price will probably hit that number eventually anyway without the Fed buying, but the Fed would end up with more bitcoin if it was the one doing the buying (other than say China or Russia).
Game theory in action: - Trump says the USA should prevent China from dominating BTC - Hong Kong official announces exploring holding BTC reserves - Russia announces BTC payments (presumably to acquire BTC by selling oil)
Apparently the secret service is supposed to secure all nearby sniper perches. Did that sniper know that the rooftop closest to Trump would be not secured? 🤔 If I were Trump, I would use my own security from now on.
Pretty sure the future is corporate communities. Like 10,000 micro city states (eg Dubai, Disneyland, the Vatican), with a spectrum of services, policies and environments. You will choose the one that works best for you and your family. You could voice your opinion but don’t get much of a say in governance except to move elsewhere. View quoted note →