I think I need to compare WhatsApp and Slack. Some people think they serve the same purpose. #product #review #design
One company’s software update bringing down all the computers around the world? That’s not the future I was expecting! Decentralisation is way overdue!
#decentralisation #Blockchain
Do the folks asking blockchain miners to submit their energy usage reports ask the AI data centers to do the same?
#btc #ai #bias
Wait a second. Isn’t Bitcoin protected under the second amendment in the US? The right to bear arms was meant to protect the rights of citizens against the state.
Given that the definition of “arms” doesn’t only mean muskets of course, it stands to reason that Bitcoin could be considered arms. So what am I missing?
#bitcoin
Is mainstream adoption of AR just around the corner? I think it may needa few more iterations. The true indicator will be when the strap disappears and allows this device to be worn and used like regular glasses and not like ski masks.
#design #product #AR
$4.5B trading volume on day one of the #BTC #ETF. This is a record breaking number! To contrast the gold ETF launched in 2004 took three days to hit $1B. Looks like BTC is here to stay!
#Starlink got a seat at every government's table with their direct-to-cell service. Now, if any government wants to cut off mobile access to some citizens, they'll run it by Starlink? Starlink’s feet will be held to the fire but what if they had been #decentralised instead?
Starlink, along with other companies offering direct-to-cell service, is both a cause for celebration and lamentation. We celebrate the fact that #speech is no longer dictated solely by those controlling geographical boundaries. But, it is now in the hands of corporations.
The recent technological #breakthroughs are a hilarious paradox. Due to its requirement of immense computing resources #AI centralises power, while #crypto has been built from the ground up to #decentralise it.
Watch this video for a comprehensive overview of Bitcoin network decentralization and the measures being taken. It's essential for anyone involved in the field, especially investors.
Key takeaways below.
1. Solo-mining isn't profitable. Pooled mining is the only way forward. This is detrimental to decentralisation as the number of pools have reduced over time to only about 12 unique entities in total.
2. There's a tremendous amount of intermediate steps that go into mining. This includes deciding which transactions get included in the next block as well as the type (block template), actually performing the hashing function and distributing rewards (and refunds) to name some.
3. Pool owners currently decide about a lot of these important aspects and and not the miners who provide the hashing function. The miners are only aware of what they've mined *after* the block has been mined and they know only then whether they spent their effort profitably.
4. The transaction fee based rewards system puts more trust into the hands of the pool owners as there's no way for miners to know how much they were supposed to be paid by the pool for the work they have done.
5. Pools will also have the new coins minted flow through them for distribution, so this makes things much worse for #decentralisation.
There has been a prevailing belief that #bitcoin, being the most decentralized system, is immune to control from any group. However, blind faith can be detrimental. Like any other system, it requires vigilance to identify and address problems that may arise from time to time.
“Geography is destiny, my friend!" - a memorable line from a movie that couldn't be more true! Living in different places expanded my horizons and showed me there are many valid pursuits of life!
Care to share some of your insights?
#perspectives #living #lifegoals
If they thought they’d have some control over Sam Altman before, they can forget all about it now. #openai
If everyone begins to expect the market to do something, it most definitely won’t. So contrarian thinking is actually rewarded. But you can’t just be against market trends, you have to be *for* something that’s indicative of the opposite market trend. How does one spot that? With originality of thought and a belief in what else is possible. #trends #markets
What’s the simplest way to find new people to follow on nostr?
#Bitcoin #Ordinals have undermined the "store of value" narrative, hasn't it? #BTC once had excellent product-market fit. I can’t imagine why anyone would want to mess with that!
"Infrastructure is the most efficient mechanism by which society stores and distributes value." - Clay Christensen
#business #systems #design
"Startups go from setback to setback with enthusiasm!" - Brian Armstrong on the the experience of building startups.
