You mean the merchant accepting bitcoin, right?

The customer paying in fiat surely has no reporting to do? Why would they?

Creating fake money accelerates the inevitable devaluation of fiat and brings bitcoinization sooner, no?

You want to preserve the value of fiat as long as possible by creating as little of it as possible?

If owning fiat is a loser's game (which I agree!), doesn't it follow that owing fiat (being in fiat debt) must be a winner's game (assuming low enough interest rate)?

A mortgage is a combination of two things: 1) you take on fiat debt and 2) you immediately exchange the fiat for real estate.

Now you hold a valuable and productive asset (land) and owe a depreciating asset (fiat). Time is on your side now. Any bitcoiner convinced fiat will rather quickly devalue against land should agree.

So real estate can be owned, and ownership is valuable.

If @SimpleStacker works 50 years and acquires real estate in exchange, that's not slavery, it's exchanging work for a productive asset (real estate).

If the banks lend him (increasingly) worthless fiat to achieve this goal faster, participating in the scheme is rational for him, no?

But you agree that a piece of land has an owner, and ownership can be useful, even if just to extract rent (in bitcoin, whatever)?

Darth, the citadel you're building, did you acquire that piece of land by paying for it, and having it registered in the land registry?

Or you're a squatter and plan on defending it with weapons yourself?

He fingerprinted the Catholic nuns!

If Citigroup wrote a Bitcoin wallet UI!

There could be potential for some race conditions, like multiple blocks arrive at the same time or orphaned blocks/reorgs causing the same block to arrive multiple times, or blocks going down then up again.

Congrats, did you find it in a surprising location?

If bonds increase play money, and play money and stuff can be swapped, and stuff can be sold for sats, and sats can be withdrawn, this whole thing has potential to become a ponzi, right?

Without sats withdrawal, the whole economy of the thing seems untested.

(Nothing personal, I would be worried if SN introduced "bonds" to get interest on CCs)

Received!

Thank you for such a great contest.

I'm missing it already. How was it for you? More work than anticipated?

Sure, here it is:

It takes a minute or two to run, because it fetches all sub-threads recursively, instead of relying on the most recent list.

Yay!

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Because I actually like blues better than metal 😛