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13 sats \ 0 replies \ @SpaceHodler 31 Oct \ parent \ on: How would a zombie apocalypse affect Bitcoin? AskSN
Welcome to the club of the infected!
100 sats \ 2 replies \ @SpaceHodler 26 Oct \ parent \ on: Are Cashu mint operators breaking the law? bitcoin
And for that reason, if I become wealthy, I won't tell anyone and I'll try not to show it. The latter may be harder. I'm in r/FIRE, which despite all its ills, teaches that one thing well.
One of the most obvious signs (and greatest benefits) of wealth is retirement. The usual advice is to tell people you're a freelancer working from home, a portfolio manager or something like that.
Yes, prices do something and I wasn't implying coffee is going down-only against BTC.
But rather that it's going asymptotically to zero, and the particular 10x rise is very unlikely. The drawdowns are already limited to 80% or less. If coffee goes up by 10x, people will switch to tea or caffeine pills, because they will compare what else the price of coffee can buy. Very few will spend a week-long vacation's worth on a cup of coffee. And if everything goes up 10x against BTC while bitcoin is mainstream (and therefore less volatility is expected) then it's quite a shock and something serious must have happened. E.g
maybe someone has hacked Satoshi's wallet with quantum and sold the coins. But with BTC being mainstream, those coins would likely be scooped up quickly.
Our productivity is increasing.
If I'm 10x more productive than people were in 1968, but I can't buy 10x more stuff, then someone is benefiting at my cost.
Those selling their labour are the ones being screwed over.
we'll get the same dumb hot takes about "btc prices crashing" when a coffee jumps from 0.0001 to 0.001
I don't see such a jump in price happening. You can grow more coffee beans, machines to harvest them will only get cheaper, roasting them will only get cheaper and robot waiters will only get cheaper. They don't exist yet and we still use this stupidly expensive human labour, but as soon as they start existing, they will be cheaper and only get cheaper.
Now compare that to the difficulty of making more bitcoin...
Strike loans don't create new money. It's money already in existence.
That said, creating more fiat is good for the world, because it's bad for fiat.
The survey also asked whether people trust their own country, the European Union, the U.S. and China to regulate the use of AI effectively.
Funny formulation, I wouldn't even know what is being asked.
If you asked me "Are you concerned that governments will regulate it?", that would make much more sense.
Yes, those who understand the difference are a 1% minority.
They'll read the headline and think the point of Bitcoin is skulduggery.
It's interesting how speculators' money can benefit society, sometimes even when they lose.
It has parallels with how prediction markets provide information (= a public good).
Why would they even have to comply with BS EU laws if they're based in the US?
It's like that old Monty Python sketch... "To fix Britain, let's tax all Chinese people living in China."
They don't even get revenue from ads, almost all of it is from donations and they accept BTC, so there is nothing the EU can do.
And if the EU orders ISPs to block the domain, there are VPNs and Signal could build in Tor support.
How are they going to enforce this?
Does it only apply to Google Play apps? Or are they going to add enforcement to Android itself (which can be forked and the enforcement removed)?
My last time was Avatar at IMAX. Maybe 2009 or early 2010.
Other that that it's been torrents and streaming services. But not much lately, as I'm more interested in videos and books.
To receive sats (horse badge) you just need to specify an LN address.
To send sats (gun badge) requires sharing a secret or a similar setup, as otherwise anyone could pull sats out of your wallet.
It also changes the way you hear music. You start noticing things non-musicians don't notice.
Musical training often involves ear training, which makes you notice chords, intervals etc.