A few things I am bullish on \ stacker news ~bitcoin

305 sats \ 19 comments \ @grayruby 11 Aug 2023 bitcoin

A few things I am currently bullish on that I think most people aren't thinking about:

I am bullish on lightning login.

I am bullish on Streaming Software as a Service enabled by lightning for real time access to software or AI language models.

I am bullish on businesses/community projects/sports franchises leveraging the bitcoin brand as a tool to instantly attract more customers/followers/fans and leveraging bitcoin the asset as a tool to outcompete on price (If we both offer a service for 100 dollars/hour but I am willing to offer it for 80/hr in bitcoin because I know my bitcoin will be worth 10x what your fiat is, can I use lower price as leverage to capture market share from you).

Anything you guys are bullish on that most people aren't talking about?

Cheers, GR

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141 sats \ 1 reply \ @nemo 11 Aug 2023

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10 sats \ 0 replies \ @Undisciplined 11 Aug 2023

I was going to say decentralized, censorship-resistant social media, in general. However, Stacker News is the best.

115 sats \ 4 replies \ @SpacePirate 11 Aug 2023

Lightning login is an anti-pattern. Identity and finances should be kept separate.

31 sats \ 0 replies \ @SpaceHodler 12 Aug 2023

I don't consider my lightning wallet with 30k sats in it to represent my finances. If someone stole my coin purse, they wouldn't know my bank account balance.

But it's an interesting perspective still. Maybe a better solution would be 'nostr login', i.e. the service sends you a message and you sign it with your nsec? Ideally not one you use with nostr clients, which you share it with.

10 sats \ 0 replies \ @eggos 12 Aug 2023

BASED

that's a hectic insight thank you for bestowing that gem of an idea

I think people seek to just combine shit together just for the sake of it without realizing what they're actually doing. This lightning auth is one component of that.

10 sats \ 0 replies \ @tomlaies 11 Aug 2023

That's an interesting perspective.

I've always wondered why I like Lightning on my phone and scanning QR codes on the PC screen so much. It just feels weirdly good. This might be the reason

0 sats \ 0 replies \ @grayruby OP 12 Aug 2023

Fair but I don't need to keep any sats in a lightning wallet to use for login.

20 sats \ 1 reply \ @WeAreAllSatoshi 11 Aug 2023

Do you think a company will gain more customers by endorsing Bitcoin than they will lose? I suspect many people are strongly anti-Bitcoin because of crypto bros

0 sats \ 0 replies \ @grayruby OP 12 Aug 2023

This is interesting. I am sure you would lose some prospective customers who are anti bitcoin.

20 sats \ 4 replies \ @elvismercury 11 Aug 2023

I think Pete McCormack buying that soccer team is genius, for the reason you mentioned. Really good recent episode on that topic w/ American Hodl, even though up till now I hated AH as 100% shitposting noise.

I like your idea about offering a 20% discount for pay in btc. Seems like a giant opportunity for folks who so software work / consulting -- they can probably eat the 20% in the short term, and have the intellectual tools to manage it.

10 sats \ 1 reply \ @SpaceHodler 12 Aug 2023

But it may not work so well for businesses with high operating costs. E.g. if you're running a restaurant, especially a budget one, most of your proceeds may go towards paying the bills. The only part that can take a haircut is the salary you pay yourself and your employees (if they're bitcoiners too).

0 sats \ 0 replies \ @grayruby OP 12 Aug 2023

Yes, the idea really only works in service businesses or high margin businesses.

10 sats \ 0 replies \ @nemo 11 Aug 2023

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0 sats \ 0 replies \ @grayruby OP 12 Aug 2023

Yes was a very good episode. American Hodl is a smart dude. There are a lot of smart people in bitcoin that are mostly shitposters. I think we will grow out of that.

10 sats \ 1 reply \ @Allinbitcoinneverselling 12 Aug 2023

I'm bullish on boomers adopting bitcoin. Orange pilled my parents recently

10 sats \ 0 replies \ @grayruby OP 12 Aug 2023

I bought my parents 5k in bitcoin in 2021 (price was around 45k) but never told them. I owed my mom 5k she lent me when I was a bit short of cash finishing a renovation on an investment property I owned. After I sold the property I tried to pay her back but she said don't worry about it so I bought 5k in Bitcoin for them. I will give them a hardware wallet with it when the 5k is worth 50k.

10 sats \ 2 replies \ @BBitcoinUSA 11 Aug 2023

Home mining and/or solo mining. My gut feeling is that the Bitcoin protocol from the simplest point of view wasn’t designed to favor / and isn’t capable of favoring / centralization in any way vs. decentralization, everything else being equal. For some reason I see the risk/return spectrum shifting over time in favor of individuals and smaller operations vs. larger / institutional mining groups. Curious to hear what others think about that as I’ve been thinking a lot about it, and all of the unique use cases for home mining that haven’t even been contemplated yet

10 sats \ 0 replies \ @SpaceHodler 12 Aug 2023

I'm not sure about that, economies of scale favour large operations.

0 sats \ 0 replies \ @grayruby OP 12 Aug 2023

I think it further centralizes before really decentralizing. When we get to a point where mining hardware can be built into any appliance or machinery it will only be logical to have a fridge that mines you some Bitcoin vs one that doesn't if the cost to buy is similar. This is quite a ways down the road but I could see hashrate decentralization coming from some integration like this.

Look at heatbit as the first iteration of this idea. I think you can mine around $30 in bitcoin a month from a heatbit appliance and it doesn't use any excess electricity compared to a standard heater it essentially pays it's own operating cost and your room is hot. The only roadblock right now is there product is about 2x the price of say a comparable appliance but obviously prices will come down over time. If prices can come down to be similar to comparable appliances you just market it as the appliance that pays for itself.