Dave86ch

Meta and Bitcoin

What do you mean by intervention?

At this price I prefer Bitcoin to be broadly distributed as an asset rather than concentrated in a way that forms a new aristocracy where a small group of early holders and their families permanently control most of the monetary system. Revolutions are usually driven by masses of ordinary people, but once power is seized the rebellious ideals fade and what emerges is simply a new ruling order. The irony is that Guy Fawkes, now seen as a symbol of rebellion, was actually acting on behalf of the Catholic Church to restore its influence over England.

So, do you think 150K is a target for the next five years? Do you think Bitcoin will have a role as a form of money in the long-term future? Clearly, fiat currencies are devaluing quickly, and the Trump family seems to be betting on Bitcoin through their companies. Stablecoins pegged to a more native digital form of money appear inevitable.

I like your comments, @SharperDingaan. You share many valuable insights. What’s your long-term thesis on BTC?

Added Bitcoin

Saylor just didn’t buy last week. A lesson for retail investors: you can always buy the dip.

Buy Bitcoin when the price drop.

I just returned from China. Without WeChat, you can’t even order food at restaurants.

Detach money from hard backing and debasement is inevitable, history proves it. Excuses abound, but they’re hollow; just rationalizations and psyops by the authorities. It’s not rational policy, it’s raw greed. Will Durant records this pattern again and again. Bitcoin solves it: difficult to seize, easy to exchange, and secured by thermodynamics at layer 1.

Paolo Ardoino, who backed research on the RGB protocol, has just announced Tether on Bitcoin via RGB, compatible with Lightning. Bitcoin remains the long-term play—a base-layer ledger where contracts are settled.

Yesterday Today Probably created some buying opportunities for Bailey’s and its Nakamoto.

Jamie, like everyone else, has to kneel to what historical forces require in order to stay relevant. I read history books daily, and it's always the same pattern repeating ad nauseam. If you combine it with a good understanding of technology, you can see the waves and position yourself accordingly. Jamie’s understanding was disappointing, to be honest, for someone in his role.

RGB live in Bitcoin mainner. Huge.

Bitcoin is a decentralized protocol that enables permissionless value transfer, data exchange, and asset registration, 24/7/365, without relying on intermediaries. Bitcoin can be exchanged offline by leveraging Cashu, a Chaumian e-cash protocol built for anonymous, bearer-style payments. It is open-source, allowing anyone to audit, improve, or build on top of it (e.g., Layer 2 solutions like Lightning or protocols like Taproot Assets). It is scarce (fixed 21 million supply) and portable, a user can secure full custody of their wealth using just a 12-word seed phrase, restorable from any basic computing interface. Anyone can deploy a miner and join the network permissionlessly, converting stranded or untapped energy into Bitcoin. This sustains a thermodynamically secured monetary network, offering censorship resistance and value preservation, especially critical for the unbanked and those in unstable regimes. Lightning Network, a Layer 2 protocol built on Bitcoin, enables instant, low-cost private payments through bidirectional payment channels. To route payments, liquidity providers lock capital in these channels and may earn routing fees. In some high-demand use cases (e.g. Block's TBD or private channel marketplaces), yields as high as ~10% APR have been reported. In a world of over-financialized assets and distorted market incentives, Bitcoin isn't just a digital store of value akin to “digital gold.” It is the bedrock of a parallel financial system, a super partes financial settlment layer, one that is programmable, open, resilient, and sovereign by design and a pristine collateral. It’s highly probable these companies see some value in these “tulips.”

Actuators are usually very expensive, and Unitree (backed by Alibaba) built a robot with 26 joints for just $5,900.

A Turing-complete virtual machine like Ethereum's is too prone to misuse, bugs, and manipulation of token dynamics to become a trustworthy asset for long-term balance. Ethereum functions as a global state machine, attempting to scale general computation and token logic directly on-chain. This increases complexity and introduces systemic and coordination risks. Bitcoin, by contrast, is architected for simplicity and resilience. Its UTXO-based model, limited scripting language, and lack of Turing completeness allow it to scale trust via layered protocols like the Lightning Network, not by bloating the base layer. Bitcoin is secured by the most extensive and decentralized proof-of-work network ever deployed, anchored in physical thermodynamic reality. This aligns incentives using real-world energy costs, creating a monetary system that is resistant to centralization and manipulation. It makes far more sense to own Bitcoin, issue bonds on top of it, and rent out inbound Lightning liquidity, building yield and financial infrastructure without compromising on trust, decentralization, or monetary integrity.

With Bitcoin, you directly hold hard monetary value, no intermediary required, backing an infinitely flexible payment ecosystem: Lightning, Cashu, Ark, and more. It’s fully verifiable via your own node, so you don’t need any external scanner or service. You can carry your seed anywhere, manage your funds from any internet-connected terminal, and open private Lightning channels for payments all by yourself.

Lightning Labs released Taproot Assets v0.6, which streamlines how stablecoins can be issued and transferred via the Lightning Network, it adds group_key identifiers. Tether is now bringing USDT to Bitcoin, both on-chain and over Lightning using that protocol. Because traditional blockchains require every node to maintain full asset state, Lightning becomes the only practical scalable solution for high-volume stablecoin payments.

It took me many years to understand the intrinsic value of the Bitcoin protocol. I will never understand the intrinsic value of comments like these.

Stablecoins will be backed by the most extensive Proof of Work asset—that has always been the endgame.