It’s arguably good for a new industry to be “the wild west” for a period of time.
Innovation can happen faster, the real utility can be found. Ultimately, it’s for the best to establish clear rules.
xellox
xellox@iris.to
npub1nt2x...lhax
Building next-generation solutions for cold storage and self-custody.
The soundness of an asset is the ultimate driver for growth.
When people realise there’s an asset that can’t be corrupted or confiscated, they flock to it!
Change takes time.
Sometimes it’s frustrating that important progress happens so slowly.
“Bitcoin uses too much energy”
The most hypocritical and ignorant statement ever!
The word ‘bankrupt’ originates from the Italian phrase ‘banca rotta’, which means ‘broken bank’.
It’s pretty obvious that all modern banks are broken.
If there’s ever a task that feels insurmountable, remember that the first airplane was created by two bicycle mechanics…
Paradigm shifts are dismissed until they can’t be.
Most people are in denial until the very end.
The open source movement is a double-edged sword in many aspects.
It’s a game of constantly balancing security, privacy and technological advancements.
Privacy and security will never be achieved on general-purpose computers.
Self-custody can’t be achieved if other parties can access your device.
AI models are run on very efficient general-purpose computers.
The only way to make sure AI doesn’t get out of control is to have a much less efficient single purpose computer that a human controls and that’s resistant to hacks authorise the AI’s actions.
The faster and more efficient our computers get, the harder it becomes for us to understand them.
If we don’t find a solution to this, we’ll eventually be controlled by an AI that we don’t understand…
There are benefits to collecting peoples data. There are many downsides too.
The best arrangement is that people own their data and can decide for themselves if they want to sell it and to who.
The modern economic systems is rotten. The people in power are doing everything they can to hide it.
Try look up who owns the federal reserve, the answer is hidden under multiple layers of bullshit.
Many people are scared about regulators attacking bitcoin.
Bitcoin can only grow stronger with regulation, regulators are holding back the regulation in order to hold back bitcoin.
We need to reach a consensus on what purposes the different tokens serve.
Otherwise the user experience will be way too confusing for the masses.
The user experience of a crypto economy where we have 50 000 different currencies used for payments is horrible and will not work!
Only a small fraction of the population is interested in the details of a technology.
The majority is interested in what value it brings to them, what the user experience is and how it can make them money.
Ask yourself this; if our economy has become more productive, why are prices going up?
Prices should go down if we are able to manufacture more products and provide more services.
Inflation is impossible to measure.
It’s happening everywhere, all the time, at different rates.
CPI is one of the biggest scams.
For some reason people still believe it measures the inflation.