Government also needs people who can pay back public debt.

They are making the same group of people both buy government debt and also pay it back. Not sure how that works.

They will tax capital gains even more than now, anticipating this eventuality.

May be NoStr should have a Lyceum NIP

Host your Lightning nodes at home. WEF is planning a "catastrophic cyber shutdown", and by that I think they will just turn off the root DNS servers, or all major cloud hosting providers at the same time.

Not that Bitcoin needs root DNS servers but keeping everything hosted at home is the way to keep it working.

Ads come with strings attached. They often ask to remove other content on the relay. So no.

Nostr relays just need to ask for money, and most people will pay. No ads needed. This is a social network, not an Amway meetup. Not every social gathering has to be about selling products.

My friend and I use sats to pay each other for restaurant bills. We use it instead of using Splitwise app.

No why? It is old news from Singapore btw. I heard it just now.

Gold storage requires me to pay -1% p.a. to the vault owner. With Bitcoin I don't have to pay anyone for self-custody, so it is cheaper than gold.

It is easy to move Bitcoin across the borders, across the world. It frees me from capital controls.

There is an emphasis in Bitcoin community to have full nodes which easier to run, and self hosting lightning nodes behind Tor. Full nodes help with security and enforcing the Bitcoin rules.

Even the core devs have limited power to affect the standard. There is no CEO to kidnap

If you are good with unix tools, and git use this https://www.passwordstore.org/

Gold/Silver/Copper has a natural interest rate of -1%. This is the amount of gold/silver you have to pay the vault owner to secure it.

With Bitcoin if you know how to do self-custody, the natural interest rate is 0%. You can achieve the same level of security as gold/silver with self-custody for 0 cost.

This kills most types of financial industry. e.g. without vaults, banks cannot form, and without banks, central banks cannot form. Lending is almost always fully or nearly fully collaterized. In other words Bitcoin finance is sharia compliant. It incentivizes equity investment instead of debt. In a Bitcoin only world, there will be more actors buying equity instead of lending.

By reducing the size of the fixed income industry like this, and increasing the size of the equity markets, we are able to tax the rich using failures more effectievely. Since the rich will now have to bear the cost of failed investments. Unlike in fixed income market in Bitcoin there is no such thing as a risk free rate, which rich can be bailed out of perpetually.

It will create a type of venture capital which doesn't invest in scams like Theranos, and will create more public good.

For these reasons Bitcoin has to be adopted immediately. As for energy costs, Bitcoin can operate at arbitarily low energy, and the price of energy will encourage Bitcoin to use less energy. Each Bitcoin has to be only mined once, and while being mined it can help the transport of 1 megabyte of older bitcoins. With gold after mining an ounce, more gold has to be spent moving the gold.

Why do you need Layer 1 privacy when there is Layer 2 privacy? Lightning network is as hard as Tor to crack. Never mind. We need it to hide channel open and channel close.

If you are interested in deep state, watch this TV show: Rubicon (TV Series 2010)

Network security comes from many things. e.g. full node operators are more powerful than miners in order to enforce network security. Full nodes are very cheap to operate. I run one on my Raspberry Pi at home. It costs me around ~1-2 USD per month in electricity.

Miners just make it hard to edit an old transaction. To edit an old transaction a dishonest miner has to re-narrate the history of the transactions, for the last ~30-60 minutes. But that means the dishonest miner has to recreate the previous 3 to 6 blocks.

If it ever becomes profitable to mine using pencil and paper, then only pencil and paper miners will have the ability to generate 3 to 6 blocks in say 30 minutes. But since many people will be using pencil and paper it is unlikely one of them will be able to renarrate the history of the chain for the last 30 minutes. It is likely someone else will have taken more aderal to do it faster than you.

You might ask what about the abacus user, isn't that person faster than a pencil paper miner. Sure, but we already established it is so easy to mine, that there are no abacus users left, only pencil paper miners are left. As soon as abacus users enter the mining business the difficulty changes, and pencil and paper miners can no longer find any blocks.

Since every 600$ transaction has to be reported by filling a 1099-K, this act will pass too. It is similar.

Bitcoin will not be allowed to be mainstream. That is why it will never reach a million dollars.

This type of fud is common during bull markets.

Mining can get so easy that it can be done by hand with pencil and paper. But for that to happen we need this "death spiral". In other words if miners die it is cause for celebration, because then more among us can mine.

Pray every day for more miners to go bankrupt. Only then can I mine using the slowest cheapest computer available

The paper considers Szabo and rejects it.