Dave86ch

Unfortunately, Bitcoin's success has also brought a lot of noise. This article is amazing, and unfortunately, a serendipitous mistake prevented me from accessing this resource earlier. As @james22 said, demonstrating this level of understanding and conviction is not trivial and required many hours of learning. Otherwise, my friends, coworkers, and classmates would have been wealthier instead of being overly indebted. I am still convinced that, because of this lack of understanding, many people are missing the opportunity once again. Many discussions I've read about Bitcoin in the last few years have been less straightforward and polluted with the consequences of adoption, making it not that simple to understand where the truth lies. However, the truth itself is simple. “You can recognise truth by its beauty and simplicity” Richard Feynman The first tweet by Saylor about Bitcoin was notorious

Buying and, above all, "holding" Bitcoin is not just an IQ test for individuals but also for countries. It represents a wealth transfer, as has occurred many times in history, usually from the old aristocrats to the new, technologically savvy aristocrats. Moreover, it requires a good dose of courage to invest a significant amount of personal wealth.

Nostr implemented Zapping, which works really well. I remember the first zap I received from Jack Dorsey as a memorable moment. The fact is that Bitcoin is a base layer where there are already tons of use cases, but it takes time to gain adoption. It is a tool able to adapt, and people prefer to argue based on their biases instead of diving into the technology. This creates opportunities for us. Bitcoin is lollapalooza. https://dscompounding.com/2023/04/24/compound-your-energy/

20%

Timechain.

Valuable, stable, and liquid. Just a way to provide an exit option for the wealthy and tech-savvy. A financial ark for which some countries will build harbors.

Rationality will never be the glue that coordinates our actions as a species. This doesn't mean that our actions are not sometimes backed by rational thinking.

I run a full node and a lightning node on an old ThinkPad. Why? Because it's the religion I belong to, and I will defend this idea. I will explore new territories, be part of a changing environment. I'm the ant that follows a new path, the rebel who wants to subvert the status quo, the person who seeks more freedom. https://dscompounding.com/2023/03/18/optimalism-the-mind/

Does the rise of a non-earning asset kill productivity? Or is it just a way to transfer 'energy' to productive people, allowing a frictionless exchange of 'energy' between them? I mean, it's clear that those who were early in Bitcoin understood something that others didn't grasp. Transferring capital to them may lead to some inefficiencies among the masses, but I wouldn't call it unproductive; rather, it's a wealth transfer.

Time to embark on Noah's Ark.

Good question. I purchased it a long time ago and staked a small portion of my investment, but I still own it because I recognize the potential of the Turing-complete Ethereum Virtual Machine. I've learned the basics of Solidity and a few frameworks like Foundry and Hardhat. I see a significant role for it in our society, and many large institutions are involved. However, I acknowledge that the staking mechanism is exploitable, and I wouldn't bet everything on a Proof of Stake algorithm. Every rollup pay duty on eth

I'm reading a recently released email exchange between Satoshi and Martii Malmi, dated from 2009 to 2011.

You are going to regret your choice.

Thank you for sharing

I would add to the list Lugano, Switzerland https://www.lugano.ch/temi-servizi/lavoro-e-impresa/fatture/cripto/ By the way, Bitcoin is a vector that transfers capital to a new generation of tech-savvy individuals. Bitcoin is a protocol upon the same individuals are building technologies. It isn't a collectible; it's the only technology that binds value to energy, allowing for absolute scarcity while at the same time ensuring absolute portability. Bitcoin is superpartes.

It is always a pleasure to see people enjoy qualitative discussions and take bold action on their own meditations.

Last article on my series, AI Self-Sovereignty https://dscompounding.com/2024/02/09/logos/ Series https://dscompounding.com/2023/08/24/ai-self-sovereignty/

I run a full node and lightning node on an old ThinkPad. Mining is the process of converting physical energy into digital; anywhere there is untapped energy, it's possible to be part of the network, creating wealth. It is a means to keep in check every government, given the fact that every government has an interest in giving housing to wealthy, techno-savvy individuals willing to pay for a home which gives house to them and their bitcoin. Both from the supply side and the demand side, there is a game theory playing out, empowered by coded greed, which has always been the preferred way to architect social structures. I can't see how this can be the creation of someone; at best, it becomes a perpetual challenge to gain control over it. It is unique and a great vehicle for transferring money to a techno-savvy generation. From a historical perspective, it has always been a trouble to redistribute financial energy when stuck in a dead end. Bitcoin is also a protocol; it is digital and can be integrated into many digital infrastructures. It is a means to escape the fiscal trap, a Noah's Ark for the wealthier, and an opportunity to provide financial energy to the techno-savvy of the future. It inscribes information; it's a ledger. You can write information in it. One of the worst things we've experienced as humans is the lack of reliable history ledgers. In this case, the more energy invested, the more secure the information is. I mean, how we can value all of this, I really don't know, but after many years, I realize that it has huge value for the civilization of the future.

“All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” Arthur Schopenhauer

9988

My opinion is that western countries are in a similar situation as the shrinking Byzantine Empire, their devalued their currency as the Empire did and they are under many sieges. Now in between the empire there a new monetary forms which challanges a Solidus which less and less denominated by a unit of energy or work and more and more by illusions and lies. The social welfare systems of many countries are under pressure, and these countries are in a fiscal trap, which now presents an opportunity for individuals to escape.

He is a great communicator, but I have always been fascinated by his deep understanding of Bitcoin and its implications. Sometimes he repeats the same mantra, but if you really study the matter, you realize how true his words are.

Satoshi showed that a group of motivated, tech-savvy people is enough to destroy a system from the inside.

Exactly @Spekulatius

The Trojan Horse is inside the walls. Quoting balaji's latest newletter. "Let that sink in! This is what the US establishment truly fears: not Bitcoin as "fraud", but Bitcoin as freedom. They want to rule not just you but the world, so they're scared of the prospect of "a global free-for-all..beyond the reach of US regulation". And they know that any spot ETF will bid up the price of self-custodied Bitcoin outside their control, as Satoshi intended. So: since FDR's seizure of gold, our lives have revolved around the centralized state rather than the decentralized market. The state has had control for so long we've forgotten what freedom is like. But now gold is slipping out of their hands, and back into yours. And history is running in reverse." Balaji Srinivasan Bitcoin has no board of directors where you can place your pawns. It represents the conversion of energy into a global asset. Whoever owns the key still possesses it, along with the opportunity to move their wealth wherever it is accepted in the world, and under the best conditions. ETFs merely provide a foundation for the wealth of sovereign individuals. It will bring the liquidity required by wealthy and tech-savvy individuals to escape the fiscal trap. The Volga will purchase the assets managed by banks that will manipulate the price, and on the other side, the God-Kings will continue to tax the harvest of the middle class as usual, selling them the dream of protection and social welfare, the counterpart of the Christian Paradise. History just rhymes. The trojan horse is inside the walls.