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Petroit
petroit@petroit.cz
npub1wtmm...rhdh
Bitcoin is the protocol that will set us free...
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Petroit 2 years ago
Hypothetical question: - #bitcoin on-chain transactions have fees in thousands of dollars. - people use lightning ⚡ to get salary, pay their groceries, etc. Question: How do we handle closing of a channel so that people don't lose all their money on fees?
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Petroit 2 years ago
Hard money is by its very nature a viral and all-conquering technology. It simply cannot be restrained from growing. Monetary history is repeatedly about harder money destroying and eventually replacing the value of easier money. Hard money cannot coexist peacefully with easier monies around it. That situation is an unstable equilibrium. - Saifedean Ammous on #bitcoin
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Petroit 2 years ago
People are gonna get rekt and rugged all the time. It won't change. But adopting #bitcoin will help: 1. Less need to ape in on stupid projects because your money will stop losing value and you won't have a feeling like being on a sinking ship. 2. Bitcoin adoption will drastically improve education. Thus reducing amount of gullible people willing to give money to scammers or shitty projects. 3. In bitcoin world people will likely value relationships and reputation much more which will reduce number of scammers, as they would end up alone.
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Petroit 2 years ago
I'm at that stage of life where I hear about yet another DeFi exploit and see crying people in comments on how it ruins #bitcoin momentum. Can't help but laugh. The space will get cleaner, it will help bitcoin in the long run and also Darwin's natural selection is painful but good.
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Petroit 2 years ago
#Bitcoin Beach Wallet can through some sophisticated methods hedge your sats in a way that dollar-vise you have the same amount even if price drops or goes up. (Even though number of sats in wallet changes) I had no idea about this. Pretty good tool for onboarding certain groups of people who live from day to day.
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Petroit 2 years ago
You have decades when nothing happens and then you have days when decades happen. #bitcoin, #covid, wars, #nostr, #AI, #superconductor It's wild.
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Petroit 2 years ago
When stupidity is considered patriotism, it is unsafe to be intelligent. - Isaac Asimov
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Petroit 2 years ago
Have you seen this? It's supposed to be in effect since 2020 already. I had no idea. What the fuck?! image
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Petroit 2 years ago
#Bitcoin is one of those technologies that, by using or building on it, you help and empower everyone else who uses it or builds on top of it. Do you want to easily support bitcoin core developers? Most of you probably already do. Just buy Bitcoin for yourself, hold it or use it, learn about it, teach it, and propagate it. Incredible positive feedback loop.
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Petroit 2 years ago
Retro clothes instead of latest fashion. Vinyls instead of MP3s and Spotify. Old Corvette instead of Tesla. To what extent do you think people like to go back to these items because they subconsciously feel that world is broken and in disarray and they want to catch a peaceful glimpse of old times? And does #bitcoin fixes this too?
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Petroit 2 years ago
"Satoshi taught me something. Just this concept of Satoshi walking away and not touching their #bitcoin. Not as far as we can tell benefiting from it from a value perspective in any way. Walking away at the onset of WikiLeaks using it which will tell you some things why they may have walked away. But the fact that someone could do that and create this masterpiece under a pseudonym when our entire society is built around ego and fame and number of views you get, number of impressions you get, number of followers you have, building up a brand and maintaining that brand. And to choose a pseudonym, to never reveal your identity, to walk away from your project and let a community take it over and persist and make it better to the degree that if Satoshi was unveiled today and came back he would not be seen as the lead. He could ask questions and make statements but that's the resiliance of what this person built, truly built something bigger than themselves without any ego in it and that is so rare. How many times are you aware of that that has happened. Like name them. Throughout all of history." @jack
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Petroit 2 years ago
What is truth but a survivor's story... #Bitcoin is the ultimate survivor.
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Petroit 2 years ago
Understanding #bitcoin takes long time. On the other hand understanding how money is broken will take you one afternoon. People will struggle to accept that their understanding of money was completely wrong and how unbelievably poisonous current system is. Bitcoin will be the result they will arrive at once they start looking for a solution.
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Petroit 2 years ago
Dying societies accumulate laws like dying men accumulate remedies. - Nicolás Gómez Dávila
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Petroit 2 years ago
Translation: Boy: Money is stupid Me: That's why #bitcoin I just successfully onboarded Armenian Kebab in my hometown to accept corn. 🌽
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Petroit 2 years ago
Let's get some shit done today... #CoffeeChain image