pull down to refresh
100 sats \ 5 replies \ @optimism 8 Jun \ parent \ on: Stacker Saloon
Yeah I don't like throwing that card around tbh. It's authoritative and a +1 to reasons-to-burn. Many people are on SN on burner nyms though, so we don't always know who we talk to. But that's ok.
I think that that's another point of misunderstanding tho: I read that post as OP being on the same side of that discussion as we're agreeing to be on right now; actually most of the stackers are, if I look carefully at the responses. SN is lower on NgU fuckbois than any other Bitcoin discussion platform I've hung out on, which is a massive +.
Well yeah - they can issue their shitstonks all on their own. The plebs and no-coiners are who need support: because if the bitcoin bubble pops the former are effed, and if the fiat bubble pops the latter are effed. I'm currently thinking these would happen in reverse order: fiat first, or at the very least housing first. There's a lot of potential trouble ahead.
As for the empty blocks; I think it's solvable, but idk how it will play out. It doesn't really matter if a block is half full or full because half is ordinals; both are not sustainable long term. But who is going to invest in developing L1 apps if fees can go insane again with Casey 2.0 doing astrology with block numbers? This is a problem that I don't have an answer to. Maybe we do need to work a bit on b2b solutions per Justin - I worked with a team on that in '14/'15 but it was way too early. Maybe there's something there to revive and build upon - I'll check that out.
But who is going to invest in developing L1 apps if fees can go insane again with Casey 2.0 doing astrology with block numbers?
I mean anyone can do astrology with block numbers, or sat numbers, or 'rare sat' tracking... or the 666th second on the 666th day the 6th year etc sat 666 etc...
The only reason any of this stuff gets traction is morons want to gamble on it. That's it. And are willing to pay far, far higher fees to gamble on nothingness than actually use Bitcoin... which apparently while being the case is really hard to understand.
reply
reply
Go to NOSTR. Post after post talking about how 'liberating' Bitcoin is relative to Fiat (and just to be clear I'm not saying it's not liberating).
Liberating means people use it. Liberating means opening Lightning channels which... there isn't enough throughput for 8 billion people to do.
So logically blocks would be... full right? Very full opening Lightning Channels. But they're not right? It's totally illogical...
As far as Casey and 'ordinals'... I think it's helpful to differentiate the tool from what people do with it. There are an infinite # of ways to gamble on Bitcoin or numbers in Bitcoin or arbitrary data in Bitcoin... any probabilistic number can be gambled on or used to make a ****coin and 'hype' it and 'pump' it with mini-bubbles that go up and collapse. It would be like gambling on whether the 'next car' coming out of a tunnel is red or blue. It's not about the Car after all...
Like the probability of any number appearing somewhere has 'odds' and someone can bet on those odds with the 'hope' of getting paid out with a new 'name' or 'token' that 'pumps' it's not surprising really.
It's the people choosing to gamble... instead of saving and spending to foundationalize the new Bitcoin Economy that I don't understand. Bitcoin astrology can be 'invented'... but it's the deliberate choice to speculate on it that's the Human element.
reply
Liberating means people use it
Only if people want to be liberated. Otherwise it'd be
contradictio ad infinitum.So I think the only interim conclusion for the moment is: the masses (in the West) want to get rich, but they don't want to be free.
Eventually, when there is more pressure on liberty, they'll come around. I have to believe that.
reply
I agree on all these points.
Locally I am working on trying to find & onboard more normal tech companies into leveraging Bitcoin as another payment solution, starting this month with our new meetup we’re starting.
I think your absolutely right about B2B, this is where we have the advantage while all these other things we discussed chase trends. Also heard a pod with Ben Arc and he said similar things about us who are staying working on Bitcoin and Lightning only.
reply