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When bitcoin reaches 5-10k it will be well on its way. Now of course... Bitcoin will still 'work' but it will be also down 95% so at that point make up your own mind
Just goes to show how much loneliness there is out in society... When former professional athletes somehow die suddenly.
Don't be afraid to talk to your friends and family.
they'll come crawling back to us Bitcoiners...right?
Do we want them to?
This is why the AI boom has crowded out bitcoin. Capital has rushed toward the companies thought to control the bottlenecks: chip designers, foundries, memory suppliers, cloud platforms, data-center operators, power producers, and infrastructure financiers.
I don't think capital has rushed to them so much... As rushed to where people thought they could make a quick buck.
That is why the bear market is the window. The attractive time to accumulate monetary savings is usually when the dominant market narrative is elsewhere.
I think this is overcomplicated. AI can do many things but it cannot create more bitcoim, and it cannot guess 128-bit randomly generated numbers used to secure private keys.
Having a digital asset that's similarly secure that lives 'alongside' AI is a major value, it's enough for me and IMO it should be enough for others too actually.
Plenty of people advertising for things that people don't need... Overpriced shoes, fragrances, socks... "Collectibles"... " NFTs" (they're finally dead right?)
Very little advertising for things that actually benefit the people who buy them, as opposed to the companies who sell them. Spending bitcoin doesn't result in more advertising revenue, it doesn't bring more people to the 'crypto casino' to make exchanges the 'trading revenues'...
It doesn't make the ETF managers admin fees or a percentage... It doesn't help this credit card companies, it doesn't enrich the banks, it's not necessarily conducive to government spending (or lower bond yields...)
It's not particularly good for financial surveillance (or doesn't have to be) and bitcoin is highly, highly anti-leverage and historically sniffs out over-leverage like a bloodhound.
Being a better 'bond trader' doesn't get you more bitcoin... Nor does having an existing tech monopoly because you can borrow forever (see AI stonks).
Bitcoin is neutral money and spending it upsets ALL the EXISTING power structures, that's why there is so much pushback/anti-bitcoin rhetoric from existing authorities that don't want to lose their 'moat.'
EVERYONE has heard of the spacex IPO (if they have any interest in finance) but almost noone hears of Lightning - a growing and materially credible transactional layer for neutral value on the internet.
I don't think that's an accident.
Just my 2 sats
Either they accept bitcoin, directly on chain and/or to your own lightning wallet or I don’t spend my stats with you.
This will never happen. People ie regular merchants need intermediaries to help them in order to get started.
Additionally, since Square is a KYC merchant, when you bitcoin with a offramp, you actually create even more valuable chain analysis data than when you just buy from A KYC platform.
What valuable 'chain analysis data' do you create with a lightning spend?
I read this. Its a great write up and I don't know what it all means. I don't know anything about blockstream mining... To me they were always a tech company that did lightning and hardware wallets and a few relatively small investments around liquid, nothing like what the article says.
People that according to the article buy that many houses and yachts... They can't even use all that crap so there are usually some serious skeletons and I hope its not as fraudulent and corrupt as the article implies.
The last thing bitcoin needs is another corruption scandal on its periphery especially one of this magnitude.
nothing feels as free as not having any internet connectivity, imo
Agreed 100%. Although I don't want to go back to the 19th century.
For example, if you buy your KYC-free sim card with a card or in a place that has cameras... you're anyway losing your privacy.
Privacy's not a switch, but a dial right? You cant turn it on and off. However I would like the option and to at least try
Lightning is incredible. I understand the conversation that 'opening a channel' is difficult and confusing and not easy etc etc... Personally I think that's bullshit. Having liquidity is like having a bucket you add water or drain it out that's all liquidity is.
I really hope that spark/ark make non-custodial usage easier... I know these things aren't perfect but bringing easy, simple, non-custodial micro transactions to the internet is one of the coolest things we can do.
In fact, a big part of bitcoin's value is lightning and microtansactions and being able to spend a penny over and over. That's the shine, no?
where all the shine has worn off and so normies aren't dazzled by the hype anymore
Are Normies using lightning? Because that's where the shine is
Freedom and privacy should not be a priviledge
The vast majority of people buying spacex I wager have no idea what spacex does, they have no idea what their revenue is, they have no idea of their assets and liabilities... Their products, they have probably never used their products, nor are they familiar with the risk factors of the stock.
They're just like oh Elon Tesla ya let's buy that. What is their best product? No idea. What are their main sources of revenue? No idea.
Obviously this isn't professional investors... But its the majority.
At least with anthropic and openAI its easy to spend many hours using those products, at least to determine oneself what they are worth how 'quality' they really are. But even then are they really that different? Anthropic at least has coding. Google has Gemini for search... Meta has their AI for Facebook / social media...
So what does OpenAI do again?
I don't know how to buy spacex. What I buy I want to 95% buy and hold, I haven't studied spacex at all... Much less hundreds of hours. And bitcoin I can actually own your keys your coins etc. Whereas Spacex shares trade through a brokerage. I know how much bitcoin will ever exist, I have no idea how much spacex will exist. I can buy lunch with bitcoin how do I do that with spacex or custody the shares myself
We will see. For the first time i disposed of some, some I will keep even if it goes to zero I will go down with the ship.
We have failed to educate the public adequately they don't understand it, the shitcoiners had too much influence and after all...
People are lazy they want fiat and stocks. You can buy almost any stock index and it goes up every year, the government sees to that even if they have to print up the money (they do) no study required, self custody, or even responsibility and that's what people want.
Buy stocks get fiat that is what people want, no need for bitcoin in that world and it shows.