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157 sats \ 14 replies \ @SimpleStacker 20 Mar \ on: Pubkey, Bitcoin Bar, is opening a location in Washington, DC bitcoin
Remains to be seen how influential it really is though.
I was reminded of this guy's experiences: #869408, https://leo18.com/trying-to-sell-bitcoin-at-a-bar-in-nyc/
It's true. If I'm being competely honest sometimes I prefer the no-coiners to the yuppy Galaxy crowd. Even the bitcoiners don't want to use bitcoin at PubKey. @DarthCoin once tried to buy me a beer remotely while I was sitting at the bar. The bartender couldn't make it work. I messed up on my first visit and didn't have enough sats to pay for my meal and drinks. I haven't made that mistake since, but even in the bar people look at you like you're nuts. "Don't spend bitcoin! Spend fiat!" It was the same attitude that Lummis expressed while visiting.
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"Don't spend Bitcoin, spend fiat"
Hmm, I wonder to what extent Gresham's Law is being used as a rationalization for people who couldn't be bothered to figure out how to set up a wallet 🤔
Probably the biggest thing Trump can do for Bitcoin adoption is remove the money transmitter rules for Bitcoin wallets and Bitcoin apps. Let SN go custodial again!!!!
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A very reasonable request
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I agree that would be a big boost for adoption. It would be good in the short term. But would it be good in the long term?
I seem to be in the minority in not wanting any of this govt bag-buying. I know not every bitcoiner is going to be a hardened cypherpunk, but the level of softness and centralization right now is pretty alarming.
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I think it's inevitable in the long-term. I'm in DarthCoin's camp, that non-custodial is not necessary for everything. For the small amounts that we play with on stacker.news, custodial is totally fine and sensible.
Also, removing the money transmitter rules would be a step in removing the government influence over the Bitcoin ecosystem. It lets wallet and app developers more freedom to choose custodial or non-custodial as their users desire.
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The gov going easy on bitcoin has its tradeoffs. It’s one of the reasons why noncustodial solutions suck. The harder the gov is on custodians, the better the alternatives will get.
If bitcoin is anti fragile, or meant to be at least, we should all wish for the government making it hard to use. In the long term, I think that’s what’s best for bitcoin. In the short term, and practically, it sucks.
Fortunately, I don’t think governments being nice to bitcoin will ever last longer than 8 years.
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Makes sense to think of hostile government regulations as evolutionary pressure for bitcoin
My guess is that we've got till midterms. Hope some useful things can come from the honeymoon.
There's probably some of that, and certainly on SN too. Still, in the past few years I have made a point of meeting bitcoiners in person, some of whom are very technically savvy and have been hodling for years, and many of them don't want to spend bitcoin either. They look at me like I'm a fool. Stacker News is the only community I have found that doesn't have that attitude and encourages people to spend. I don't get it. Granted, my sample size is not enormous.
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I mean, it is understandable. Even if you say "spend and replace", the easy counter is, "why bother", and also "spending and replacing incurs transaction costs."
So I think it does take some ideological motivation of wanting to promote the bitcoin ecosystem that gets people to spend. Without that motivation, it just makes more sense to hold.
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With DC things come and go pretty quickly.... I feel like this will be a good thing for exposure but I am not sure it will stick around that long. The place they are replacing Hill Country opened with huge fanfare and was really popular and to top it off.... had decent BBQ well the best in the district.
I am picturing this as more of a pop up to be honest. With how expensive DC is and how they are working to more HQ and headquarters of departments and agencies out of DC there isnt a population to support the prices.
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"Don't spend bitcoin! Spend fiat!" It was the same attitude that Lummis expressed while visiting.
FUCK LUMMIS!
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LOL zaprite? not Zeus anymore?
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