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Coney Croft
coneycroft@nostrplebs.com
npub1dxeg...2cyj
I get physicist! The study of the infinite properties of everything.
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Coney_Croft 6 months ago
Is Bitcoin a poor man’s Hedge against inflation. That’s what Brian Armstrong said. I kind of like it! Fck the rich man, give the poor man a way to beat their game.
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Coney_Croft 6 months ago
I think it’s important to note, that it does not matter whether or not quantum is just around the corner, or decades away. It will arrive. The sooner it’s resolved the better. Indeed another Crypto besides Bitcoin may solve the problem sooner. If that should happen, then most likely, a lot of people might see that as being a better place to store their wealth instead of worrying whether or not Bitcoin will reach consensus on a solution. That could be Bitcoins problem before quantum ever arrives.
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Coney_Croft 6 months ago
When you understand Bitcoin, you understand the resilience of the community. Wall Street does not really get it. To them it’s just a way to increase their bags of Fiat currencies. They fear the quantum however. But Wall Street lives off of the fear. They can drive the fiat price up and down using this fear to their advantage. Quantum is real, and most likely unanticipated. Or was it? BIP’s, and the way they are implemented were designed to meet the future threats to the network. New quantum address’s will be implemented. Old address’s will be protected in some way from the attack. The community will either agree to let them be mined back into existence in some controlled release, or locked up forever. Both or either can be done. The freedom that Bitcoin represents, is here to stay.
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Coney_Croft 6 months ago
I am doing the lawful thing now regarding Bitcoin. If I turn it into dollars, or exchange it in any other way, I will pay the Capital Gains taxes as it has been lawfully ordained. I didn’t vote for that, but obviously somebody did. I don’t like it, and I don’t know how anybody could like having the government swipe any of your hard earned fortune without any risk on their part at all. I will say this however. If my government attempts to confiscate my wealth, or they inflate their own system to a point that I cannot put food on my table, I will denounce my citizenship. I will move to a more favorable jurisdiction, and I will refuse to pay my capital gains to a country I know longer belong to. I paid for the Bitcoin with their dollars, but I had already paid their taxes on those dollars used. They can chase me to the ends of the earth to get more if they want to. Good luck with that. This is the promise of Bitcoin. I can take it with me anywhere, and spend it anytime I want without their permission. It’s not theirs to permit.
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Coney_Croft 7 months ago
Let the war begin. If you know somebody that thinks they own Bitcoin, and it’s on exchange or in an ETF, make them aware, they don’t own Bitcoin and they have no business owning it if they don’t understand it. If they are here to increase their fiat bag, they own it for the wrong reason. It’s the real Bitcoiner that drives the value. Not the Corporation or Government that locks it up in a vault. Real Bitcoiners know how to self custody, buy, sell, exchange,and use the real deal. They know how important nodes are. They even may be running a mining rig, regardless if it’s profitable or not. It’s important now to lead people out of the moral decay of Wall Street and into the light.
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Coney_Croft 7 months ago
I like Jack Maller of Strike, but think he should get out of the price predicting game. Should instead talk about expansion or use. Maybe in terms of user expansion in numbers of people, businesses, new wallets, new addresses. Maybe showing % of involvement in the protocol. Price predicting is a fools game.
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Coney_Croft 8 months ago
I might understand trading stocks in a company. There are things about companies that you may be able to understand by studying the success of the company you are investing in. But, Blows my mind that traders trade Bitcoin. They’re just doing it to build their stack of Fiat larger. Trading Bitcoin is a fools endeavor. Somewhere between 75% and 95% lose their money trading Bitcoin. Bitcoin should be bought to save with it, till you can use it to buy something you really want or need. If Bitcoin were not traded, and instead used as it was designed to be used, its value would rise in a steadier slower predictable manner. With traders, the whole thing is a big gut wrenching roller coaster of emotional turmoil. With most traders ending up throwing in the towel, and moving on to something more predictable. Like sports betting! The bad news is that traders will not stop trading. Manipulators will not stop manipulating, even tho they may be out manipulated by another manipulator. The good news is that if you zoom out, and don’t fall into the traders trap, then the value of Bitcoin does grow steadily, and will continue to grow steadily as people that do understand what Bitcoin really is use it the way its supposed to be used.
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Coney_Croft 8 months ago
3I/Atlas is a seed seeking a solar system with a planet to crash into, to impregnate and create life.