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BitcoinMike
npub1aq72...p3gg
@BitcoinMike23 on Twitter
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BitcoinMike 16 hours ago
Bridge to a moneyless society. Bitcoiners should read this. I genuinely want feedback. I cant stop thinking about this. Some of us have always thought bitcoin is the bridge to a moneyless society. The how was something i personally needed to grasp better. Now that i see a more clear picture of whats happening with AI it makes sense. AI can only create things for us using energy as energy is the real currency. The open source AIs become decentralized and personalized to each person, AI will need an energy backed currency to create things. Bitcoin seeks energy like an alpha predator. Im starting to wonder if AI ends up with all the bitcoin and transacts for us but it stays decentralized. Humans just literally tell the decentralized AI what it wants and you get it. The efficiency becomes exponential. This would literally lead to a world of no companies. Marx theorized that the machines would take out the skilled laborers first and leave the capitalist. He has been proven wrong recently with things like moltbots and he did not account for the creation of an energy backed currency. The companies and ceos and their extensions goes down first and the skilled laborer goes last. It is why the printing of money will become exponential because those companies will continue to need bail outs but they ultimately lose to an AI/bitcoin world that gives abundance to humanity (By skilled labor i mean something that moves atoms like plumber, or massage therapist, for now at least) I want to write a substack about this. Could all the bitcoin end up in decentralized AIs hands? @Jeff Booth points out you either provide value to the world or part ways with your bitcoin, at some point all the value is produced by AI. @Jeff Booth @preston @walker @knutsvanholm @Michael Dunworth @npub1cj94...0efa @Peter McCormack @Danny Knowles
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BitcoinMike 2 weeks ago
Simon Dixon just out there saying at this point.
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BitcoinMike 2 weeks ago
My Bitcoin Oscar acceptance speech. “I feel so humbled to be up here accepting bitcoin at this price. I have lots of thanks to give to so many, where do i begin” I want to thank every leveraged trader out there, you guys were such a pivotal role in me being here. I want to thank CZ, how could ive done this without the help from every person involved in Binance. I want to thank Gold & Silver bugs, you really kept everyone distracted for a while so i can scoop up more coin. Couldn’t have done jt with you. I see you Peter Schiff. I know its not normal to thank our producers so I’ll thank the non-producers at the federal reserve for their uncanny ability to keep this Ponzi scheme going. From the bottom of mine and my families heart. Thank you all.
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BitcoinMike 3 weeks ago
So glad this happened This is a vital conversation. Basically this is Greshams Law vs Thiers Law What @Jeff Booth is saying is that our agency will move us, we are incentivized to move. I have a lot of respect for Simons position, but hes still looking at this like an asset that can be captured and not a network that cant be. Thiers law overrides Greshams law as currency destroys itself.
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BitcoinMike 3 weeks ago
One graduates to a new level of bitcoiner when they receive steak from a fellow orange pilled mate
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BitcoinMike 1 month ago
Listening to @Danny Knowles hosting Simon Dixon. Ive listened to Simon many times before. This not a critique of him as much of an observational feeling i get. Simon not quite as black pilled as Whitney Webb, but his pill does have a darker color. I personally feel like Simon does something very clever in that he gap fills like the Dinosaur DNA in Jurassic Park in the sense they fill gaps with frog dna. Simon i believe does the same thing, he has a wealth of knowledge, but fills the gaps with lots of things he personally believes. I guess in a sense we all do this to some extent. In Simons world everything has some link to some Psyop including the creation of bitcoin itself. Lots of gap filling.
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BitcoinMike 1 month ago
Im highly considering leaving all my digital footprints behind and staying only on nostr. I can feel the algos trying to influence me
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BitcoinMike 2 months ago
I need to write a bitcoin book, I have way too much on my mind about it all.
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BitcoinMike 3 months ago
This is the thing I can’t get passed and why I personally lean toward core. Everyone has this idea of what they think bitcoin should be, it’s literally designed in a way to combat this. In doing filtering (if it even works) you basically censor the chain and invite all sorts of legal issues. Monetary use is whatever the market says. Eventually the incentives wipe out the use of the spam. As fees rise why would any idiot waste their time putting this nonsense on the chain. I think of lot of cores thoughts are getting lost in translation because people just label them as pro spam, it’s way deeper than that. I don’t think anyone in core nor @npub1wqlz...rnrp is pro spam. Before all this half the bitcoin world believed Back was Satoshi. It almost feels like it’s as simple as either bitcoin is censorship resistant money or it isn’t. All of that said, I still know so little about this myself and always willing to change my mind with more information and continue to listen to both sides with no anger or vitriol toward anyone. I
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BitcoinMike 3 months ago
I constantly hear about quantum computing and how it may crack Bitcoin. While I believe Bitcoin will adjust, I want to throw another take out there. When quantum computers reach the level it takes to crack Sha-256, I want people to grasp what sort of science breakthroughs, energy breakthroughs , and overall society breakthroughs come from a computer being able to live in a state of 1 and 0 at the same time for an extended period of time. It’s very possible you may not even need Bitcoin in that world. For me it’s very possible Bitcoin is the bridge to a world where we won’t need money.
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BitcoinMike 4 months ago
As a bitcoiner, I feel weird every time I go to the bank now.
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BitcoinMike 4 months ago
Lots of legit influencers running knots, people I respect, however their idealism reminds me of the cobra problem. Be careful. This makes me want to run core. It almost seems like the knots side wants to keep bitcoin censorship resistant money by censoring it. Personally I believe in satoshis game theory and the incentive structure plays out accordingly. For reference The “cobra problem” in India is a classic story about perverse incentives—a situation where a well-intended policy actually makes the problem worse. Here’s the background: • During British colonial rule in India, cobras were a major danger, especially in urban areas like Delhi. • To reduce the population, the government offered a bounty for every dead cobra. At first, this worked—people hunted cobras and turned them in for payment. But then an unintended consequence emerged: • People began breeding cobras just to kill them and collect the bounty. • When the government discovered this and ended the program, breeders released their now-worthless cobras into the wild. • The end result: the cobra population actually increased, making the situation worse than before. This is where the term “cobra effect” comes from—used in economics, public policy, and business to describe when an attempted solution to a problem ends up exacerbating it because of misaligned incentives. I would rather listen to @calle @npub1wqlz...rnrp and others, than people’s emotional idealism.