FreeYoda's avatar
FreeYoda
npub1fp68...fr2h
Freedom, Bitcoin, finance, Government, taxes, I DON'T WANT TO BE ZAPPED !
No limit on OP_RETURN is fine. Just charge $1 fees for each byte used. Only those with the wrong incentive can disagree with such solution. #Bitcoin
Is it time ? FREEZE THE RELEASE..... The time to fuck around has passed. We shouldn't want to have to find out. #Bitcoin
Every government system, most political movements and even economic systems are not tuned for the best wellbeing of us the plebs. The way these combined systems try to control us, tries to take our labor and/or wealth differ, but they all do. The one common dominator that ALL use is FIAT money. Fiat money is not failing, it is doing what it is designed to do. It is no mistake, those who are in charge know how things work. The best, and probably only, way to start tackling those issues is by changing to a sound Money. #Bitcoin is the best Money current available. If you don't trust digital things, Gold is a worse alternative but still infinite better than fiat. Study it, ask questions ! Sound money alone can't solve everything but it will take away one aspect of the powerbase these systems have if used properly. It is also the only way to really influence things without the otherwise inevitable violence. Before Bitcoin, Gold was the only, cumbersome, alternative we had. Bitcoin, its digital scarcity, combined with decentralized properties is probably a one shot only chance. It was able to grow from nothing to what it now is exactly for being nothing, its power unknown and thus invisible for those with power. Now digital scarcity and its power is known, the central powers will never again give such a system the chance to become this big, without them having full control which was easy when it had little value but its power unknown to them. Most Bitcoiners are not toxic nor extremists, but those who understand the power of this system combined with the unique chance it provides think it is insane to talk about what color it should be. The best alternatives are just a different color and shouldn't be a topic at all. Most alternatives are not another color but just scams. Some have a usage, but none are a possible sound alternative to fiat as Bitcoin is.
The need for yield is a toxic byproduct of Fiat. Inflation caused by printing more gives us the choice to find a yield on our savings or accept getting poor "slowly". Most are that indoctrinated by the fact we have inflation that they by default try to find a yield even on #Bitcoin. And where there is a need some will provide. Yield without risk doesn't exist, and that close the loop. Bitcoin solves the inflation issue. So it should make the yield not needed. Yes I know and understand Human flaws like no limit to greed, but neither Bitcoin nor anything else I know of will fix that. I can only hope evolution finds a way to solve it. What does the disappearing need for yield means for interests ? No inflation, should, takes away most of the need for yield (to compensate for inflation) but should/can it also take away the need for interests if we borrow Bitcoin ? I think some reward is in place for those who lend their Bitcoin. There is usually a risk involved so some compensation seems reasonable. It doesn't have to be interest though. Lending Bitcoin could be seen as participation in whatever the money is used for and an arrangement could be setup to share the possible gains made. This participation is way more healthy than the thought "I don't care what you do with the money as long as you pay me back with interest". Banks can have such attitude as loses are socialized. If not the lending business would look completely different. Such a system would also prevent insane spending. Insane spending is currently done and only possible with the fiat system. With the fiat system printing more is mostly costless, as the costs are socialized, while in many cases possible gains are privatized creating current insane situation and incentives. An other excuse for insane spending is stimulating the economy to achieve everlasting growth, on itself rather impossible but since the costs for borrowing fiat is socialized nobody seems serious interested in the risks involved nor the efficiency of that spending. And as last pitfall we have insane spending on wars.. All of these things are almost impossible on a Bitcoin Standard. Anyone not ready to give Bitcoin a chance has to have one or more of above insane incentives to not do so. Join us in starving the beast. #Bitcoin
Anyone has a clear vision on how to solve the Bitcoin development problems ? The current opreturn discussion is a good sample. Democracy doesn't work, we need people who understand the implications. I see too many who think that fees can solve it, or #Bitcoin should represent freedom so jpeg's should be allowed, etc etc. So the options are: we are able to inform educate people. And if that was possible how come we now have the fiat system, everlasting wars etc etc. ? Or we get some group of experts we can trust. But how do we check them, make sure they are not blackmailed, bought by fiat, etc etc. Bitcoin solved same basic issues by naking changes impossible/extremely hard (21 million limit). Simply because we know a possible change will be abused. If we fillow this reasoning shouldn't we freeze the basic layer of #Bitcoin ASAP ? Or even just select a previous release as freezed baseline. New stuff can be added vua new kayers like LN did. #Bitcoin is getting to big to allow errors, to big for the "fiat system" to be ignored. We, should, know that possible abuse will be abused. Any other serious option than freezing #Bitcoin ?