Blue Collar Bitcoin's avatar
Blue Collar Bitcoin
bluecollarbitcoin@NostrVerified.com
npub1a3hr...fg37
Firefighters explore economics, finance & #Bitcoin (Josh & Dan shared profile)
#Bitcoin is the most unique buyer of energy on the planet. A true free market catalyst for renewable infrastructure. It's "eco-friendly" not because of flimsy, centralized subsidies, but because of real incentives.
Trying to change #Bitcoin's base layer is like a game of Whac-A-Mole — "fixing" one part often f**ks up another part. #BTC is, in many regards, a Goldilocks technology. @Adam Back explains...👇👇 "There’s something unusual about Bitcoin. So, in 2013 I spent about 4 months of my spare time trying to find any way to appreciably improve Bitcoin, you know across scalability, decentralization, privacy, fungibility, making it easier for people to mine on small devices, a bunch of metrics that I considered to be metrics of improvement. And so I looked at lots of different changing parameters, changing design, changing network, changing cryptography, and you know I came up with lots of different ideas, some of which have been proposed by other people since. But, basically to my surprise, it seemed that almost anything you did that arguably improved it in one way, made it worse in multiple other ways. It made it more complicated, used more bandwidth, made some other aspect of the system objectively worse. And so I came to think about it that Bitcoin kind of exists in a narrow pocket of design space. You know, the design space of all possible designs is an enormous search space, right, and counterintuitively it seems you can’t significantly improve it. And bear in mind I come from a background where I have a PhD in distributed systems, and spent most of my career working on large scale internet systems for startups and big companies, security protocols, and that sort of thing, so I feel like I have a reasonable chance if anybody does of incrementally improving something of this nature. And basically I gave it a shot and concluded, “Wow there is literally, basically nothing. Literally everything you do makes it worse.” Which was not what I was expecting."
Solutions to systemic problems are often layers deeper than most recognize. “Mainstream economics research has mainly focused on discussing how to escape recessions, with very little focus on what causes recessions.” — @Saifedean Ammous Principles of Economics
-#Bitcoin is bigger than you. -Bitcoin is bigger than your opinions. -Bitcoin is bigger than what you think bitcoin should be. When a change u want made on #btc  doesn't happen, don't get butt hurt. Nobody controls this thing. Consensus can be uncomfortable. Deal with it.
Housing has gotten ASTRONOMICALLY more expensive in the last 3 yrs. Most are locked in, so much of this isn't felt....yet. Median Mortgage 1990👇 $123k @ 10% = $1,240/month Median Mortgage 2020👇 $309k @ 3% = $1,293/month Median Mortgage 2023👇 $405k @ 7% = $2,549/month🤯
Bitcoiners are cut from a different cloth. “Do you know that when #Bitcoin went from $17,000 to $3,000, 86% of the people that owned it at $17,000 never sold it?” —Paul Tudor Jones (talking to Stanley Drunkenmiller)
Amazon box just showed up w/ 2 items in it.📦 1️⃣Broken Money by @Lyn Alden , hardcover of course. 2️⃣A children’s laxative. Gonna be a weird night in this household.🤷‍♂️ image
The most outlandish display of overconsumption in the world today is hands down CARS. A huge % of people are under-saving in large part because of what’s in the garage. We’re all about nice shit, but only if you can afford it. Dare to be different & do some basic napkin math.
Fast forward 40 years. ...The world runs on a #Bitcoin standard, and governments are largely uninvolved in influencing the supply & price of money. What happens to interest rates??🤔
I still hear people calling #Bitcoin a bubble. Sure, it might look that way on a 2.5 yr linear chart, and u can say the bubble inflates & deflates — but u can’t say it pops…because it just keeps getting larger when u zoom out.🤷 Stay on the sidelines at ur own risk. image
Have a buddy seriously considering writing a #Bitcoin screenplay. What themes or characters should be in a good Bitcoin heist film??
Consistently strive to poke your head outside whatever echo chamber you’re in. And yes, you’re in one.
New episode dropped w/ @James Lavish 🎤 We dive into the mechanics of these wonky markets as well as… 👉where is the recession ? 👉deep sea fishing 🐠 👉treasury downgrade 👉BRICS gold currency 👉US default possibilities 💥The FED’s greatest fear image