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100 sats \ 3 replies \ @028559d218 8 Jun \ parent \ on: Stacker Saloon
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.
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0 sats \ 2 replies \ @optimism 8 Jun
Yeah it doesn't have to be the previous Casey. It was meant to be illustrative of hype -> blocks full of crap -> sEcUrItY bUdGeT iS fInE. But was it? I'd say no.
people want to gamble on it
Casino decriminalization fixes this, i guess.
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100 sats \ 1 reply \ @028559d218 8 Jun
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.
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100 sats \ 0 replies \ @optimism 8 Jun
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.
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