Jerome says that Bitcoin is like Gold, but does not compete with the dollar. Think again! Bitcoin spends better than the dollar, and acts more like Gold.
Coney Croft
coneycroft@nostrplebs.com
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I get physicist! The study of the infinite properties of everything.
I feel our government has reached too far into our personal lives in an effort to protect us from everything. A result of this overreach is the diminishment of freedom. I would like to see the government back off. I think it’s perfectly acceptable to provide us with warnings, or information of the dangers that surround us. But every person should take responsibility for their own safety and actions.
Unpopular opinion! Bitcoin is not perfect.
Is created or found with expenditure of time and energy. Good
Cross border person to person transactions. Good
Divisibility. Good, except;
With current supply cap, will satoshi’s also need to be divisible one day.
Limited Supply. Good, except;
Mis management of keys result in forever loss of the available supply. Over time this could result in all Bitcoin being lost.
What if> Lost Bitcoins could somehow be recovered one day.
What if> New Bitcoin could one day be found or created in limited supply based on some predictable cosmic event.
Will Miners stay around if they are not able to sustain profitability with transaction fees only, or will transaction fees go thru the ceiling.
What about Quantum computing, breaking the current cryptography.
The system of Bitcoin improvement, has to be supported and constantly monitored by the network peers.
We are showing the world that a fair monetary system has been created, and can be constantly improved upon.
The current monetary system is broken. Everybody knows it, but many have not seen the light of how the fix is in.
I’m hearing that professionals in the fiat world are worried that the existence of Bitcoin will disrupt their world. It’s because Bitcoin is a better idea than anything they’ve been able to contrive to date. They will either learn to accept a better idea, or drown in the extinction of their old ideals.
I’m becoming increasingly confident that a mass extinction will occur on earth, as it has many times before. You cannot rule out, that an advanced civilization lived here on earth in some ancient history that could not stop it, same as we will not be able to stop it. My only hope is that myself, my children, and my children’s children will enjoy the beauty of this world as I know it. It’s a bit scary that pollution from over consumption is piling up at an alarming rate. We may experience some inconveniences of these pollutants that could have drastic impacts on our quality of life in our life time. All we can do is be aware, and do our individual best to live our lives, that future generations may also be able to appreciate the world as we know it. As with all previous extinctions the world will renew itself, and future civilization will maybe uncover evidence of our existence.
Has anybody ever thought of Solar Powered Bitcoin Mining Rigs in Space. Out of reach of Government control. Beaming the blockchain back to earth, where anybody that wanted to access it could, without any government owning the right to throttle it’s existence.
Just thinking about the next step for Bitcoin success. I think Wall Street with ETF’s and all other types of investment and trading schemes is not what Bitcoin was meant to be. All and All OK, but what do we need to do to get the every day person to get what it’s really all about. Other than getting rich trading it in and out of Fiat Currency. I Orange Pilled some people a few Thanksgivings ago. They went out and bought some through Coinbase. Most of them forgot about it, and some of them just sold it when it went up, and did not buy any more. They just don’t seem to have the time, or incentive to take it any further in understanding it. Too technical for them they say, and they don’t see the point in the time needed to learn it. So I think to myself, what can I do to take this further. I started with my sister. She has 2 daughters 6 & 7 years old. She is very busy just bringing them up, and has a full time job herself. It dawned on me how I could help her and her children to understand this thing that I feel is very important for their future. What if I established a Bitcoin wallet and a Lightning wallet for my sister, and also for each of their 2 children. Then I said that I would fund a Bitcoin wallet to my Sister, and from that wallet she would give the children their allowance in Bitcoin. They are already receiving a Fiat allowance, so I would match the Fiat Allowance with Bitcoin. I would want her to move some Bitcoin to a Lightning wallet, and then transfer Lightning Bitcoin to the Kids wallet as she pays the allowance out to them. As the Lightning Bitcoin grows in the Kids wallet, I would want them to transfer larger sums to their Bitcoin wallet from their Lightning wallets. The kids could even go as far as to trade Lightning Bitcoin between each other for favors, or in payment for doing chores for the other. I need to figure out what wallets will work best to make this as simple as possible for them. I don’t think at this point that a hardware wallet is what I want them to have to mess with. Still too complicated at this point. I would however want them all to have Bitcoin wallets that require a 12 word seed phrase that they need to protect and save. The parent would be the responsible one to handle that. I would hope this catches on, and others they know will give it a try. It will be interesting to see how their Fiat allowance stacks up compared to their Bitcoin allowance.
Apparently retail holds approximately 57% of all available Bitcoin. I feel it’s extremely important that retail remains in the lead over institutions. People must learn to hold and move Bitcoin without these Wall Street pirates being in control of this new freedom currency.
My solution for assault rifle gun control; 1) every citizen 18 yrs old should be required to take a course, and pass a test in proper handling of this type of weapon. 2) Each community should have a specified lock down armory with these weapons for each registered citizen of said community. 3) Each registered citizen, shall be allowed by appointment only to enter the armory to practice, or maintain their registration. 4) In the event of a community, or national emergency, the armory can be electronically unlocked by 3 of 5 keys provided to select community leaders. Upon entering an unlocked armory, a registered citizen would need a personal key to unlock their own weapon. 5) Vetted citizens may also have the right to have a certified installed gun locker in their own homes. This in home gun locker can only be accessed when the unlock code is sent to the armory in the case of emergency. The in home weapon would also require the personal code from the owner to access it.
Let’s face it. These assault rifles are only fellow human mass killing machines. 99.9% not needed for the normal defense of your own home.
I read somewhere the other day, that NASA is tracking a space rock that comes by earth every so often. The value of its precious metals are worth 5x the world economy. NASA has a probe out there that will visit it in the next year or 2. I wonder if they found a way to mine that rock what would happen. Everybody on earth could have a gold plated car, house, furniture, etc. Where would the scarcity value in that be?
Bitcoin Hodl’rs are the Anchor, Traders are the Sails. In stormy weather you should take down your sails and add to your anchors.
I honestly don’t have a problem with Corporations, Germany, and the US for that matter selling off their stock pile of Bitcoin. Get it back into the hands of the people, where it belongs. I’d also rather not see any countries backing their currencies with Bitcoin. They are notorious for printing more than they have backed anyway. Of course if they get caught at it, they will make excuses, or claim the fiat is backed with other assets instead. Kind of like Gold sitting in Vaults with Lead on the inside, and a layer of Gold on the outside.
I hope that I or my children never have to look back on these days and say; “If only the promise of world peace and freedom was delivered by the decentralization of what money can be (Bitcoin), but instead fell into the destruction of world war that the fight over who controls the world fiat currency ignited.
Even if True that Kennedy can’t win, do not see voting for him as a waisted vote. Show instead the power of the Bitcoin community to whomever wins, that this community is a force that deserves their respect. A vote for Kennedy is a vote for freedom of Bitcoin development.
Thinking about Bitcoin and World reserve currency. If any world government or power to claim world reserve status, how could that government ever be trusted to not abuse that status. Do they back there currency with precious metals or even Bitcoin. Can you trust them to not print more currency than they really have. Wasn’t that the problem when the US took us off the gold standard. Was there more currency sloshing around in the world then there was gold to cover it. Even if we backed this world reserve currency with Bitcoin, can we trust the government to not print more Fiat then there is Bitcoin to cover it. Why not just proclaim Bitcoin is the world reserve currency. You can’t print money to buy it. You have to earn it by mining it, or trading some natural resource or service to get it. That’s what a fair for all World currency would look like.