Default avatar
npub12qz5...pdx8
npub12qz5...pdx8
I like Saylor because he’s able to bring out the worst in people He reveals the greedy fucks who used to LARP about ending the fed and hyperbitcoinization He sheds light on the hypocrites who said they were Bitcoin-only, but bought MSTR and STRC He perverts the devs who used to talk about Bitcoin maximalism as a movement that brings planetary scale, privacy & smart contracts to Bitcoin It’s tragic, but somehow beautiful too image
Even if bitcoin goes to 0 tomorrow the AI bubble bursts the internet gets shut down I’m optimistic about the future as long as I have local open source AI models. We can use these LLMs to rebuild everything from scratch at an accelerated speed, which is truly amazing!
Gm, everyday I wake up having an existential crisis AI has become so good that it can correct me & completely redo hours of my work within seconds. As a worker, I am obsolete. Soon to be replaced by a faster, cheaper AGI. But as a creative person, I am just getting started!
Roger Ver was right When he said that people save the currency that they use for spending One good example is Tron: an unoriginal Ethereum clone that used to be the laughing stock of the industry when it launched in 2017 But has been outperforming bitcoin since 2021 because it’s the most popular gas token for USDT payments Nobody likes it, but it’s useful. Which is why people bought it and held it 🤷🏻‍♂️
Been reading opinions that the Bitcoin community is more “mature” and “tolerant” than 5 years ago when it comes to Ethereum and other successful altcoins I don’t think that’s the case, it’s just that the maximalist dogma has taken so many Ls and thought leaders moved goalposts so many times that everyone must be more careful with their predictions But the biggest issue is that Bitcoin itself hasn’t evolved to incorporate all the altcoin use cases, which renders the dogma moot. Tron has been a much better store of value since adding USDT. Payments in third world countries are made in stablecoins, not Bitcoin. Litecoin is the number one payment coin on BitPay, and now Monero has more user nodes than Bitcoin. Now Zcash is being promoted as a better store of value because it has the same economic scarcity while actually hiding everyone’s amounts, and Ethereum will become quantum resistant before Bitcoin. It’s hard to stay cocky when your worldview is constantly being challenged by the market reality… and your coin fails to compete. So no, I don’t think anyone became nicer or more tolerant. Everyone gets humbled by the free market.
I really dislike the way Bitcoin’s scaling debate is framed as “Blocksize wars” Because everyone agreed that Bitcoin needs larger blocks and it got 4x larger blocks via SegWit The conversation was more about HOW to scale Bitcoin (hard forks were not popular due to their contentious nature) and whether or not layer 2s are the way to go forward Today, Bitcoin mostly scales through custodians (exchanges, ETFs, Lightning operators, federations) while Bitcoin Cash took on the risk of enabling OP codes that ironically support much better layer 2s. In a world where Bitcoin won, there would be no miners choosing to secure BCH. But here we are nearly a decade later, still unable to scale properly for the popular use cases and kicking the can down the road until other projects figure out better cryptography.
You don’t need to be a PhD in economics to understand the basics of supply and demand or Bitcoin’s need for transaction fees If you’re not using bitcoin for payments, you’re not increasing the demand for it and you’re not paying the miners It’s that simple! If you fell for the “HODLing is using” psyop, you’re a gullible fool and I have an NFT collection to sell to you
If your podcast is predictable because you’re following the established party lines and you’re analyzing everything through the lens of the same old dogma instead of thinking for yourself Not only that you’re not gonna make it You will get replaced by AI very soon!
Today I listened to my podcast during a long drive I gotta say, it wad much better than expected Understood some ideas much better when I didn’t have to think about what to say next 10/10 would listen again image
Paul Sztorc is a marketing genius: ✅ found exactly the taboo element that triggers bitcoinerd (Satoshi’s coins on a fork) ⏱️ published the announcement about Ecash just a week after BIP361 proposed freezing Satoshi’s coins in BTC 🍿 got 6 million views in 24 hours with his tweet, now everyone has an opinion If the Ecash software really delivers in late August, the entire industry will want to try it. Even the guys who want to dump their Ecash to buy more Bitcoin will have to see how this works. They are forced to become users, even for a few minutes. Then if the users stay, Bitcoin is in trouble.
Now that Paul announced a hard fork, Luke & Mechanic are cooked 💨 The spotlight is no longer on their brain farts 📼 Their ideas are old & stale ⛓️‍💥 If they were gonna announce a hard fork too, the shock factor is gone because someone else did it first Knots might as well pack it up and hope everyone forgets about them soon so they can blend in with the conference crowd (very likely to happen)
Paul’s ecash hard fork is an excellent reason to: 1. Buy as much bitcoin as you can before August 2. Withdraw all coins from exchanges so you can claim your free ecash Super bullish!
August 2017: Bitcoin Cash forks off from Bitcoin, claims that it’s the real Bitcoin. November 2020: Bitcoin Cash creator forks BCH to create Ecash (XEC). August 2026: Bitcoin dev creates fork, claims that it’s the real Ecash. *chef’s kiss*