You can at the same time defend permissionless use of bitcoin and claim that spamming the mempool with useless junk is antithetical to the mission of bitcoin.
BitcoinJuicy
bitcoinjuicy@NostrVerified.com
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bitcoin
The fact that equities are broadly up on the day of what is likely to be the 2nd largest bank failure tells you all that you need to know about our current situation.
Ordinals don’t in any way advance the mission of bitcoin, but aren’t inherently harmful.
People are going to have to get used to the idea that bitcoin doesn’t generate yield.
Ready to sync a new node and start playing with lightning
Promoting crypto allows you to get paid in fiat for delegitimizing the thing that will unseat you from power - bitcoin.
Pierre’s video has done more for the environmental narrative than anything since bitcoin’s inception. Doesn’t matter that it’s satire.
In it for the long haul
Bitcoin will have won when we bust Ross out of prison.
Someday it’s going to seem archaic that we had to have a 6-digit code sent to our phones to log in to every single website that holds PII.
While the momentum has turned somewhat in bitcoin’s price (upward), the sentiment among the public still remains quite negative. Still waiting for the event that marks a shift there, could be anything like another corporate treasury allocation or a nation state strategically buying or even something we haven’t considered. But NgU is a very powerful force.
That dip lasted a long time, absolutely brutal.
I’m not quite sure how rappers claiming to use CashApp to facilitate crime implicates Block, they could use Venmo or their bank account just the same. Same old don’t blame the technology, blame the user.
Maybe FRC fails tomorrow… might be a day early.
First Republic seems to be going under today
Those that denigrate the sanctity of bitcoin block space do so because they do not denominate their life in bitcoin. When you reach that point, you then understand the need to maximize its potential as a monetary asset and things like ordinals belong elsewhere. There’s no such thing as improper use of bitcoin, but individual incentives will drive behavior and expectations.
Crypto allows you to get paid in fiat for delegitimizing the thing that will unseat you from power - bitcoin.