Not a Polar Bear's avatar
Not a Polar Bear
somersetben@evocomp.co.uk
npub13wpu...qpdr
Not a Polar Bear, who went from Electronics -> Software -> Databases -> Monetary Systems.
Not a Polar Bear's avatar
SomersetBen 2 years ago
If central banks used to be able to issue notes promising to pay the bearer on demand a certain amount of national currency; what’s to stop them holding Bitcoin and issuing similar notes in the future, and won’t this lead to the same old problems? image
Not a Polar Bear's avatar
SomersetBen 2 years ago
"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete." Buckminster Fuller
Not a Polar Bear's avatar
SomersetBen 2 years ago
Long hours and low wages anachronistic. The whip of poverty can only flog a dead horse. Dylan Thomas
Not a Polar Bear's avatar
SomersetBen 2 years ago
I haves friend in TradFi who I’m trying to Orange Pill. I’ve sold him £50 worth of #Bitcoin (at £23,500 - eek!). He’s now read The Bitcoin Standard and The Price Of Tomorrow and he seems engaged in the debate. What next?
Not a Polar Bear's avatar
SomersetBen 2 years ago
Time goes round, price goes out. Tick tock, next block. #Bitcoin  polarbitcoin.net image
Not a Polar Bear's avatar
SomersetBen 2 years ago
Serious question: why buy into an ETF with all the paperwork, management fees, etc when you can just buy the underlying asset?
Not a Polar Bear's avatar
SomersetBen 2 years ago
Why do people insist #bitcoin  is not crypto when it certainly IS a crypto currency? Is the analogous statement “Humans are not animals”? Can’t we find a better way of differentiating between #BTC  and altcoins?
Not a Polar Bear's avatar
SomersetBen 2 years ago
I am proposing to teach #Bitcoin ideas at a *very* basic level and working on a simplified explanation of the Byzantine generals problem. a) five generals need a majority decision to attack/retreat. b) to convey a vote they must create a gold engraved wonderful thing to indicate their decision. It would take ages to create this wonderful thing. c) if a general sees 3 wonderful things that agree on attack/retreat they can be sure that is the consensus because of the time required to craft those answers. Is that valid / good enough?
Not a Polar Bear's avatar
SomersetBen 2 years ago
Last week, I saw a film about [un]sustainable fashion. A quick Google showed yearly production of CO2 for... - fashion 1.2 billion tonnes - #Bitcoin  22 million tonnes It seems that lazy Greenpeace has just picked the easy target, jumping on the anti-Bitcoin bandwagon.
Not a Polar Bear's avatar
SomersetBen 2 years ago
Here's a little something: go to polarbitcoin.net/falls-from-aths, click on the graph showing #Bitcoin  falls and you get a zoom into the falls from 2017 onwards. Nice! image