5 sats \ 0 replies \ @TheBTCManual 11h \ on: If Bitcoin Hits $100k next day, Do you sell or HODL? bitcoin_beginners
I regret not buying more, and yet continue to buy more $100k at my stack isn't getting me out of poverty, gotta keep on keeping on, lifes a garden dig it
Lol always room for everyone in the great country of Chad, lets all move there with our bitcoin and be Chads
LOL a lot of people think that, just the other day my uncle asked me how people trade this thing if 1 costs 60k, where do they get all the money from? When I told him you can buy fractions his brain couldn't compute, i think the idea of fractions just freaks people out, as if shares are not fractional ownership
Peoples brains are mush
Lol is there any company that won't rug your data? I have more of a feeling that these breaches are just paying off employees, they happen way too often
Their investment arm went HAM on ordinals and using BM to shill liquidity into existance for these orange washed affintiy scams. Being a media company these days is a tough sell, revenues from disaply ads and even direct media buying is down bad since interest rates dried up VC funding, which leads to a lot of marketing
Conferences are a dime a dozen these days so that market is also slowly starting to erode in terms of returns
I think this looks high because the rates of people getting married are lowering, the barrier to save up to get married and get that starter home creeps higher and higher so household formation is put off.
I think divorce rates are also higher in countries where the state provides support or the father still contributes to the household
Lol because mining hasn't worked to secure the network for over a decade, as if these transaction types have been sustainable, they come and go based on social media hype that's not exactly a reliable income
Wait till the market for deepfakes of your unrequited love kick off, now thats the mega market, 2013 halle berry and I are destined to be together and I don't care what anyone says
Lol no one wants to read or learn new things, its an uphill battle and despite bitcoiners best efforts to give away the alpha, its just not going to happen, while I have fun documenting and learning myself, I also long gave up on trying to educate anyone.
I think most people will learn when they've bumped their head enough times against every other option twice or thrice before it clicks, or they see tangible improvements in the lives of the bitcoiner versus themselves, then its all up to monkey see monkey do, which is really how most things proliferate
Its actually scary how many people have started to use social engineering attacks at scale, when listening to that interview its really people who have no idea what they bought or how it works, the fiat system has really crippled people and ensured that they trust instead of verifying
I don't see these attacks going away because theres an endless supply of suckers who are buying bitcoin but would hand over their seed phrase if you're convincing enough over the phone
A good reminder that you are the first and last line of defense
Central coordinators were the testing ground and the honeypot to see if this works, they proved the use case, the established he market and the fees you can earn, now coinjoins need to be distributed and the fee market is not centered around 2 companies but plebs willing to provide liquidity based on the market rate for on-chain privacy
I am sure BTCpayserver and Joinmarket can be added to many a front end or wallet to make it easier for people to do mixing bring liquidity to these markets and the fees alone would attract liquidity providers
Pity that businesses are getting caught up in this money services/transmitter regulation, but yeah centering your service around being a custodial wallet without KYC wasn't going to last for very long.
I do think they offer a cool product, and the UX was slick, but I think they'd need to pivot into offering users the ablity to connect their own LN wallets, nodes with connected XPubs and mints, so they don't need to worry about the custody of funds.
I guess for the normies they could offer connections with Strikes API and just offload that drama to them instead
I think everyone who worked in a large company would have seen this play out in real time and feel the same way, I think tech is just the latest example and the one that has pushed it quite far because it gets so much outsized investment based on growth, and growth is tied to hiring and staffing up
Eventually you get big enough, and you no longer need to be lean, you knock out the competition and no one is threatening your position so you can continue to bloat, I'm sure some of the layoffs we;ve seen is in the bs job category though, they would likely be the first to go, but some might have their claws deep in management and would sooner see core fuctions leave than their bs department lol