Dave86ch

Most people are consensus-driven. They don't realize it, but every time a person with influence supports a new technology, they act as a kind of "priest," guiding the masses to accept a shift in the Overton Window. Eventually, the public adopts the new reality without critically considering the intermediary process that led to its normalization.

Bitcoin fosters a shift in mentality among a small group of plebs, enabling a significant wealth transfer while potentially avoiding insurrection. From a cultural standpoint, it's fascinating to be part of this movement.

I will probably hold it forever and leverage opportunities to earn interest on it.

It's actually a fitting metaphor. I also came up with it almost two years ago.

https://bitcointalk.org/index.php?topic=2500.0#msg34211 It will still be censorship-resistant; the world was never engineered to give freedom to everyone. By the way, there are many opportunities to use the protocol to achieve sovereignty—things like the Lightning Network, eCash (Cashu), and mint independence. Calle, a developer with a PhD in Physics, is working on projects like this. https://github.com/cashubtc

Hal Finney pointed out that the core business of Bitcoin would be the exchange between banks, with fees covering the block subsidy. Beyond that, Bitcoin can become a historical ledger—a place where I can place a message in a "bottle," ensuring that historians of the future have mathematical certainty that the message is intact and timestamped—something humanity has never had before.

Holding your keys also carries the advantage of losing your coins at a boat party, which would be difficult to disprove.

Investing is a learning journey. The "number go up" narrative is the simplest way to sell any asset, but that doesn't mean there's not much more behind it. The only way to weather the volatility is to understand the underlying value, and to do that, effort is required.

Understanding self-custody doesn’t require a steep learning curve—it’s absolutely approachable for the average COBF user. When you self-custody, you own a piece of a protocol. Portable, divisible, and verifiable. At its core, it's the Layer 1 (L1) of an entire ecosystem. I can foresee a future where this can be utilized as collateral, generating opportunities like renting it out for various purposes. The principle is simple: "Not your keys, not your coins." All you need is the basic version of a Trezor (or another hardware wallet) and understand the concept of a UTXO (Unspent Transaction Output), which is like the cash in your pocket. Given the volatility of fees within the L1 environment, it's often more practical to hold larger UTXOs, similar to storing value in a gold bar. The original thesis, as proposed by Hal Finney, was that Bitcoin would serve as sound money, facilitating large, trustless, and instantaneous transactions between central banks.

I'm a pragmatic person the idea that at some point a quantum computer that breaks elliptic curve cryptography overnight will suddenly appear is science fiction, and not even quality science fiction. Anyhow, Bitcoin can be forked and adapt its cryptography algorithm when the horizon presents a concrete possibility of an event like this. We are talking about a living creature, not a dead one. I've been in Bitcoin way before Saylor, and if you want to dig into the matter, there's a developer course by Saylor Academy which is based mostly on Antonopoulos' books. There are also interesting history books like "The Blocksize War". You can also check how this adaptation works by looking at the latest discussions on recent changes: https://bitcoincore.reviews/30793?s=09

My performance would be way higher. When I see opportunities in the stock market, I invest. But for me, Bitcoin is the ultimate savings technology. I spend most of my spare time studying it, as it connects the dots between many of my favorite topics.

The West is trying hard to shift the Overton window. It's interesting to see how Latin America is playing the game.

Bitcoin excluded.

Added to 9988 Alibaba

A redemption system is challenging to implement through Bitcoin's opcodes without some central authority. However, solutions like the Liquid Network offer a system based on a certain level of trust that leverages Bitcoin's proof-of-work. https://blockstream.com/liquid/

I was just checking with perplexity.

I'm not a fan of PoS, but still, the market for stablecoins is growing fast.

Cantor Fitzgerald is one of the 24 primary dealers authorized to trade U.S. government securities directly with the Federal Reserve Bank of New York.

Gladstein, the only one worth listening

I'm from Switzerland, and things are heading in the same direction.

Bitcoin