In this video, I discuss how Bitcoiners' and MSTR's emphasis on Bitcoin as a store of value could ironically end up destroying Bitcoin's supply cap as well as its censorship-resistance, thus destroying both Bitcoin and companies that hold it on their balance sheets.
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40 sats \ 2 replies \ @BlokchainB 2h
Everyone loves freedom and sovereignty until it infringes on their own beliefs and ideas.
Nothing is spam if a fee is paid! Kratter is in his feels now and it shows with content like this
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149 sats \ 1 reply \ @kepford OP 2h
Yeah... I tend to agree. Still think its a good video though. Not a fan of the spam on the blockchain thing even though I don't want people to use it in ways they are using it... but that's just my opinion. Bitcoin isn't about making everyone do what I wanna do.
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6 sats \ 0 replies \ @BlokchainB 1h
Exactly! Bitcoin is a public good. While I hope we can maintain its properties to empower individuals and end central banking all it takes is for people to lose sight of these goals which can lead to undesirable out outcomes.
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74 sats \ 7 replies \ @028559d218 1h
Brilliant video from Matt Kratter.
Some things he says I don't agree with (some of the spam stuff)
But he's 100% right Bitcoin has to be used to survive.
Bitcoin is what we make of it.
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65 sats \ 4 replies \ @SpaceHodler 1h
Should it be our job to use it though, or should it be Bitcoin's incentives?
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0 sats \ 2 replies \ @028559d218 1h
Some of the educational incentives and narratives have fallen apart.
It should be easy to onboard people to Lightning, opening 1 or 2 channels, to use for spending or transferring money on the internet. Tipping their favorite Youtuber for example or donating small amounts to aid groups or journalists or NGOs, buying things in their local communities or sending money cross-borders as remittance.
But often the 1st time people encounter Bitcoin is twitter which is a ****show.
Twitter really is for advanced Bitcoin users NOT for beginners.
BitcoinBeginners is probably the best place for Beginners. After which I might recommend r/Bitcoin followed by stacker news. Twitter and Nostr are really for people who can see through the BS or take things with a grain of salt... NOT for beginners which I think is part of the problem.
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0 sats \ 1 reply \ @kepford OP 1h
R/Bitcoin? Really?
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0 sats \ 0 replies \ @028559d218 1h
People go to Reddit to learn something new. There is no new 'onboarding' process for new Bitcoiners... there is no HR department, no 'welcome' package no basic how-to.
Unless someone dives into the 'how to' section from their hardware wallet manufacturer (which they should) where else do they learn?
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0 sats \ 0 replies \ @kepford OP 1h
If bitcoin serves no utility it should die. But money works at scale, not really for a club of econ nerds and coders.
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21 sats \ 1 reply \ @kepford OP 1h
Yeah, the spam stuff is a "problem" that solves itself with fees. I don't care WHY people use bitcoin. Just use it.
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0 sats \ 0 replies \ @028559d218 1h
100% agree friend.
The irony, of course, is that Stacker News is the biggest community of people using Bitcoin in a consistent and subtle way. (At least that I've found.)
But due to the brilliance of the scaling solution that is Lightning... none of it is on-chain.
'Don't understand Bitcoin' - don't use it. (leave it on an exchange, don't run a node etc)
DO understand Bitcoin... use Lightning for almost everything meaning that on-chain usage is infrequent or uncommonly necessary.
WHAT A PARADOX!
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0 sats \ 0 replies \ @denlillaapan 1h
totally could!
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