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15 sats \ 0 replies \ @ChrisLAS 13 Jun \ on: Poll 275: Will Bitcoin eventually become a true wartime safe haven? bitcoin
Why would it? Will it stop being traded 24/7? Will it stop being one of the fastest ways to cash out when the world panics?
I know we Bitcoiners think it is crazy people sell the hardest asset on earth when war breaks out. We keep hoping more and more people will see it our way. But we are the ones with the unique perspective. The rest of the world wants liquidity as fast as possible when the world falls apart. It's just human nature.
Unless something changes, Bitcoin will always be faster than land and just about everything else of real value in the world. The market is always trying to front-run everything, so when the crap hits the fan they try to move fast, and that's why Bitcoin sells off for a bit during an emergency.
I think even when Bitcoin reaches $1 Million+ you will still see proportionally adjusted sell offs when war starts.
This Week in Bitcoin - my weekly high-signal Bitcoin only news podcast. :)
I'm on NixOS (using Firefox) here, and I could log into my Chase account just now. I don't think I have anything special installed.
Well, it seems Bukele thinks it is a good thing.
Nurse.
I had a convo the other day with a nurse who remarked that she had not noticed how expensive it has become to make a basic sandwich. She remarked that she gets a generous cost of living bump each year.
Not to be that guy, but I interviewed the co-founder of Alby yesterday and limits came up a couple times: https://podverse.fm/episode/3r_dQQHxt
The limits seem to differ based on account age (not positive about that). And sounds like they have some plans to make a self-custody wallet or make that process even better.
Not everyone is happy with it, but in September 2021, the court decided to ignore that rule in their constitution...
It looks like he "stepped down" earlier today: Bukele places personal secretary as interim president as he runs for reelection in El Salvador
I would really like to see River set up auto-withdraw to an xpub.
Auto withdraw, at a user set threshold, using an xpub so every withdrawal uses a new address.
And on the flip side, I'd really like to see Swan fully embrace lightning.
I am reading this from my RV with a node onboard. I think you are onto something.
Living on the West Coast, house, rent, and land prices are too high. We're just not going to set roots down here long-term; we had to opt out.
We live a fairly minimal life since we can't carry much onboard, so storing value in something digital that I can self-custody is a huge advantage for us.
It's tricky to balance fuel prices these days. We are fortunate that we have been able to park on some land where we can have a large garden too. That's a rare thing in my area.
If there was a large gathering/camp of nomad Bitcoiners, I'd be there!
It seems good at first pass, but I get the impression they are moving really fast.
The first heads-up we got was 2 days before the email telling us its happening now and that our DCA will be paused for an undefined amount of time.
The email also tells us to log in, accept the change, and withdraw our BTC. But when you login, they don't have it ready to accept the change. A Twitter update suggests that it should be available by tomorrow.
Then it seems once we can agree/accept the change, we have just a few days to do it before they close our account.
I know they have been looking into Prime Trust alternatives since at least January, but a few things about this transition feel really rushed.
(Which is fine. These things happen. I would like some more transparency)*
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I kind of agree. The Linux community does not have just one outlook or focus. There are many tribes inside the Linux community, and some of those tribes do seem to value low-cost hardware and traditional desktop paradigms. Inside the Linux community, they often get referred to as "Linux Luddites".
But you also have the groups that enjoy the latest and greatest tech. You see that with the effort to port Linux to the Apple M1, or the new HP Dev One laptop just launched last week.
I think where there is a big problem with the Linux community is their attitude towards Bitcoin and the tunnel vision they use to define what is open source they care about, vs open-source software they totally ignore.
You really see this when it comes to Bitcoin. I find it so confusing that a community that pushed back against giants like Microsoft, IBM, Apple, Oracle, and so many others to prove Free Software could do the job of big expensive proprietary software.
The community that created the GPL and said software should be transparent, and open to everyone.
The community that despite all the odds has pushed Linux into becoming a gaming platform now shipping on Valve's Steam Deck.
Most of that community, as a whole, seems to hate Bitcoin.
Not all of us, I've been a Linux user since the late 90s, and a Bitcoiner since 2011.
But I recently enabled Lightning Boosts for my Podcasts and got considerable pushback from my Linux audience. Some just bailed from my podcasts altogether.
Many were furious with me for "shilling crypto" by even talking about Bitcoin.
What I realized a few months ago is most of them live comfortable lives, with well-paying IT wages. The existing system (as far as they understand) has served them well. They worked hard and got paid well. Why would they even look for an alternative? Especially with all their co-workers, their family, and friends are all doing the same thing.
But that does not stop them from thinking they are an expert on anything tech.
Although I am kinda getting the sense the next 10 years or so of the macro-economic situation are going to change their minds.
You see this in the Linux crowd a lot too.
Radical thinkers who wanted to change the world and give away free software can't seem to wrap their heads around the public good that is Bitcoin.
I think a big part of it is tech people who have a lot of confidence in their opinion and think they are qualified to make judgments about things that are tech adjacent.
They feel like they understand the tech behind these projects, and assume they understand more than they really do... And that says nothing about the economics. :)
The source tweet: The Linux Foundation on Twitter
"Watch twelve research highlights from our latest report “The Carbon Footprint of NFTs: Not All Blockchains Are Created Equal.” Produced in partnership with @Hyperledger and @PalmNft, you can read the full report here: https://t.co/g0Tf8aON5e 🌍 #NFT #Research #Sustainability
The anti-PC and anti-Internet FUD article from 1999 Dig more coal -- the PCs are coming with choice quotes like:
The current fuel-economy rating: about 1 pound of coal to create, package, store and move 2 megabytes of data.
And my favorite:
One billion PCs on the Web represent an electric demand equal to the total capacity of the U.S. today.