1 sat \ 1 reply \ @TheBTCManual 12h \ parent \ on: Summarizing my thoughts on ecash bitcoin
And where would the yield come from?
The 9-5 is an archaic system that can't be applied to EVERY job, I get it for labour and industrial jobs, your 8 hours on the job - minus launch and chatting shit with everyone on the job can only yield x or very close to it, you can only create so many widgets or lay so many bricks
But with knowledge work, i don't see it like that, when i worked at companies, I completed my daily tasks and many times just sat around watching series, or learning something I wanted on the side, I was just "on call" just in case something happened outside my expected task.
I think a lot of people see that and feel but hey so many hours are not being used and well also my salary ain't getting any stronger in purchasing power, whats a man to do?
Start your own business? No that's too hard, and risky and involve a lot of unpaid hours, so whats the other option?
When you've been browbeaten like that you're prime for scams, wealth without work has been sold to people for generations, the internet has just jacked it up to 1000
I don't think the 9-5 is a scam, i just think that it doesn't have to apply to every job and companies that figure this out will attract better talent at lower cost and outcompete, or so I tell myself
I prefer green wallet but to each their own, Marina also offers everything Aqua does, if you're keen to use a browser extension
I look at them as useful liquidity for the bitcoin network, they're pulling supply the market to enrich the broader network allowing the rest of us to do more high value transactions and generate value, they also act as an early warning system, they would be the first to be attacked/rugged
I'm always fascinated by how people and businesses adapt to inflation
Will we see a massive slimming down of people now?
Will we see more people dinning together at home in group settings?
Does fast food margins push users to sit down dining because might aswell go big when you leave home?
How do diets change now, do people move towards more filling foods instead?
Inertia and sunk cost a bitch to break; I think many gravitate towards tried and tested, toward perceived safety; they think one way works for their parents and their neighbours, but don't know whether everyone living above their means or not, saving a dime.
Before the 9-5 did reward you, it was the logical option from a time vs reward standpoint, today it's not, and some are figuring it out, that's not to say we all go the nomad way, job hop, bla bla
Do we need people as employees? Yes, that's the beauty of division of labour. We all find what we are best at and get rewarded. Do we need people to consume? Yes, capital is redistributed this way, and we discover new products and services, encouraging entrepreneurs to make better stuff to get some of that capital.
Find what you're good at, enjoy it and reap the rewards, thats how we all win
Hanging on for a decade man that must be nuts, so most people are likley down bad on their bitcoin position, but up crazy on their fiat position, so my question is how many are going to dump?
Can we get 58k gang again?
I don't see how that argument stands up, digital goods are sold all the time, ebooks, courses, advertising inventory, streaming services, gaming, in-game currencies are already a thing and I just see them applying that logic
I don't get how masking balances or adding an IOU layer changes the fact that transactions are performed and that sats are held in a multi-sig or LN channel, where someone holds the keys, just sounds like a loophole that has already been closed
138 sats \ 2 replies \ @TheBTCManual 28 May \ parent \ on: Why can't you buy ecash from a Cashu mint? bitcoin
I'm not yet sure how that skirts responsibility in the eyes of the regulators, you're still running the full stack in that SN example, so they could still come for you, even if you say well I don't now what they doing with the tokens, i just honour redemptions
Unless SN is just part of a federation with other coordinators maybe, that would work, we don't yet know
people trust custodians because they're regulated businesses and you can take legal action if they rug you not thats fared well for most but its still what people prefer.
Trusting a bunch of anons mints or federation members is a tough sell
Lol well Bitcoin had a halving, and the naira had 2 doublings in the last 4 years so they were bound to corss paths evenutally
I'm all for new tech, but I still feel like I need to see a commercial use of it, will people use these wallets is my question? The goal was to make certain trade offs to make custody simpler but i don't see that yet
Who will be spinning up federations or mints apart from exchanges or a few Bitcoin businesses?
So few people run nodes as it is, even less run LN, who will run this additional stack?
Kinda like chopping up a single sig into encrypted shares and having different parties hold those shares
When youth unemployment gets high enough conscription or some dig hole fill hole work program always comes around to save the day, give those with nothing constructive to do, something to do
As an SEO I've watched this downfall in real time and it's sooooo bad,
First we accepted rich snippets and instant answers stopping user click-through
Then they expanded adds above the fold
Then YouTube links started to outrank content
and we sort of found our way around that, people who wanted more than a one line answer still clicked through so if you sold a product, you could still make revenue with a more serious user clicking through, but ad revenue and affiliate sites took a knock and many died
But i'd say in the last 2 years its really gone down hill faster, Googl wasn't prepared for ChatGPT and spammers took full advantage, they would copy pasta sites and use LLMs to paraphrase and post content, spinning up huge sites that would steal traffic.
Google had to patch
Then they did the same thing, but but bought expired domains that had a previous history
Google had to patch
Then they bought subdomains on popular sites (domain reputation abuse) and spammed it
Google is still busy patching it
As for the HCU and YMYL shit, that's all biased towards big business and big sites, niche sites are getting creamed and even if you are a good quality content niche site, Reddit, linkedin pulse and quora posts about your post outranks you
I've been using qwant mostly for personal searches, it reminds me of google 10 years ago in terms of search relevancy