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028559d218
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The Hope for a more Equatable World
028559d218 8 months ago
Bitcoin Dies to Apathy “The opposite of love is not hate, it's indifference. The opposite of art is not ugliness, it's indifference. The opposite of faith is not heresy, it's indifference. And the opposite of life is not death, it's indifference.” ― Elie Wiesel image If the only point of Bitcoin is for it to "go up" so you can trade it for more dollars... If there is no point to self-custody and there's "no place" to spend Bitcoin... If every spend, much less every transaction has to be recorded for tax purposes (because the government is so accountable with money) that it becomes practically impossible... If people buy Bitcoin on an exchange and leave it there... And they never interact 'on-chain' they just want others "to buy" and "pump their bags" Because they're "getting ready" for a "crypto" run and they've never actually made a Bitcoin transaction... or used it and they're not interested in that anyways... If people want the government "to buy" to "make it go up" regardless of their own ownership (which is ZERO) because they could care less about custody... (As long as the government buys THEIR coin of course) Because their favorite 'influencer' told them what to think and do! And there's "no reason" to use Lightning (which "doesn't work" anyway) because you can "pay with Dollars" after Bitcoin "GOES UP" when you have *more Dollars* which is the entire point of "Crypto"... So WHAT exactly is a node again? Who cares it doesn't matter. And a seed phrase? Who cares you don't need one of those And privacy tools? Why do you need those again... obviously the government will protect you after you tell them everything they need to know (which is EVERYTHING of course). The Bitcoin is 'on the exchange' after all and Coinbase will surely keep it safe. Because your private information including your home address will never be leaked on the Dark Web or anything like that by exchanges... KYC is totally really truly that which keeps you Safe (just ask Sen Warren). You don't need to be responsible for your life or finances anyway... as Dollars will always be valuable because the government says so. Obviously there's no reason to use Bitcoin Peer to Peer... because the future of Bitcoin is ON THE EXCHANGE! Just get ready to hit that Sell Button! BY THE WAY have you seen Trump's new Memcoin? It's really going to pump Especially when the government buys Bitcoin (with the tax dollars it steal-I mean collects from its citizens who give their full consent to Trump's crypto-schemes). But hey guys Bitcoin is really doing so well!!! Any day it's going to go 'mainstream' because you can "buy the ETF" and that way MSTR can NAV their way to More Bitcoin. Maybe one day they'll own all of it. And you'll own none of it. Just shares of stock which you can trade for paper which will surely be valuable. Just ask the Dutch, French, British, or Germans. Got Deutschmarks??? The courage and decency to act in accordance with your beliefs? Totally outdated. The courage to speak Truth to Power? Well not if it doesn't pay... For as long as Bitcoin Pumps... that's what "our community" really wants. Now who wants to Buy the ETF? They say it's going up. image
028559d218 8 months ago
Obvious question is Obvious: Where the hell is everyone??? For the life of me... I can't understand what is going on with the blockchain. It's a simple question really: where the hell is everyone? image Think of all the daily transactions, all the settlement across borders, the daily spends people make, the Lightning channels that need to get opened (trivial really), the channels that need to get closed or 'resized'... The availability of Phoenix, Zeus, much less self-run Lightning nodes, plus all the onchain activity... I saw a transaction for 9 Billion (?!) dollars of Bitcoin settled the other day for around 2$. It was secure. It was verifiable. Sure... maybe wait 9 blocks or 12 to be extra cautious with regards to a reorg but even then it's final settlement in like 2 hours. What legacy systems can do that? Companies and individuals make these kinds of settlements and payments every single day all around the world, 24/7 and the Bitcoin blockchain is always working and available even with other settlement systems simply don't have the uptime/availability. 24/7 people trade real estate, gold, stocks, bonds, trinkets... when it's daytime somewhere it's nighttime somewhere else so the demand really 24/7 to use the Bitcoin blockchain really should be overwhelming. Need to trade a building in Tokyo for property or cash in Berlin? Ok SURE there's demand for that. Settle that 'digitally' on Bitcoin it's faster and cheaper. And if you want a few Lightning channels, either on your own or with an LSP then open them and you have quick and cheap payments that overwhelmingly work (in my experience). So where the hell is everyone? 3 thousand on-chain transactions in a block, maybe stretched to 200 million a year, among 8 billion people, 200 million companies, in 70 countries... The demand for on-chain should be overwhelming. So where the hell is the rest of the Human Race???
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