Knut Svanholm ∞/21M's avatar
Knut Svanholm ∞/21M
knutsvanholm@iris.to
npub1jt97...la9y
Mind-dynamite monger
Knut Svanholm ∞/21M's avatar
knutsvanholm 1 year ago
Evil is the root of all money that isn't #Bitcoin
Knut Svanholm ∞/21M's avatar
knutsvanholm 1 year ago
In Heinz-sight, the "gradually then suddenly" effect will be impossible to ketch up with. #Bitcoin
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knutsvanholm 1 year ago
Everybody's talking about pizzas today, but what about the divisibility of a nothing burger?
Knut Svanholm ∞/21M's avatar
knutsvanholm 2 years ago
This is my node. There are many like it, but this one is mine. My node is my best friend. It is my life. I must master it as I must master my life. Without me, my node is useless. Without my node, I am worthless.
Knut Svanholm ∞/21M's avatar
knutsvanholm 2 years ago
If "institutional adoption" of #bitcoin excites you, you don't understand #bitcoin what #bitcoin is
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knutsvanholm 2 years ago
The #Bitcoin timechain is an open, public ledger that anyone can view at any time. All the data in it can be copied infinitely. No one "owns" the data. What bitcoiners "own" are private keys, which allow them to move around certain data within the network, namely Satoshis. This makes Satoshis something more than mere data. Satoshis are a representation of the extent to which a single bitcoiner is allowed (by all other network participants) to alter the network. All other arbitrary data on the timechain is public and infinitely copiable. No one owns it, and no one ever will. Buying an "ordinal," or any other data attached to a transaction, is like buying a star in the Andromeda Galaxy. It's there, sure. But it's not "yours" in any practical sense.
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knutsvanholm 2 years ago
Imagine a company shipping grains of rice in boxes. One day, a charlatan fools some rice consumers into thinking that rice grains are tastier if first painstakingly ordered by their texture, shape, and color before being packed into the boxes and shipped. As a result of this procedure, every rice consumer now pays a higher price per shipped box. At least as long as the charlatan is still able to fool people. The major rice shipping companies are still happy because they get paid more per box. As long as people still choose to consume rice instead of something else. The charlatan is very good at scamming people and even dresses up as a wizard to show how magic his new rice-ordering procedure is. Suddenly, a new rice shipping company enters the market, willing to call out the charlatan's bullshit and start shipping rice the old-fashioned way, without the pointless rice-grain ordering. They point out that rice will be more popular in general if normal rice consumers aren't forced to pay a premium because of the whims of a scammer. The charlatan and his followers call this refusal to play along with the scheme "censorship." They claim that ordering the grains is a "technological advancement." In the end, the wizard and his rice ordering don't age very well, and people start preferring the new shipping company over the old one. Keep fighting the good fight, @OCEAN @jack @Luke Dashjr
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knutsvanholm 2 years ago
Our most provocative episode yet? Don't miss @Erikcason in-person on the @FootprintShow, premiering RIGHT NOW! image
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knutsvanholm 2 years ago
This classic @primus song made me think of @Breedlove22 today for some reason... 🤔 Looking forward to seeing you in #Prague, Rob!