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94 sats \ 1 reply \ @krispy_donkey 19 Dec \ parent \ on: What things did you have to unlearn? bitcoin_beginners
As someone who did not study economics in school or university, are you able to please expand on this? What were the fundamentals of your curriculum that you had to unlearn?
Yum. Where I come from steak and eggs is old school traditional but seemingly had fallen out of favour in more recent times. I have a German colleague who was shocked at the concept of steak with eggs, schnitzel with eggs, fish with eggs etc. Germany is a pretty diverse place so I’m not taking his opinion as gospel, but I am curious to know if steaks and eggs is common elsewhere in the western world…
That is flipping awesome. I wish I was ridiculously, stupidly good looking and that I also could charge people sats for together time.
While I am moving towards local LLMs, Perplexity has become my go to for general knowledge type queries, it does a few things that I like and has rarely let me astray, though sometimes it does let me down with the quality of its answers, but that it not something exclusive to Perplexity. In any case Perplexity please don’t use the WSJ and especially the Post as sources of truth, they are not reliable in that regard.
One of my YouTub subscriptions on this topic, very edutaining
https://youtu.be/90N6IZnV85c
Used to hate them, back in the 00’s, these days I’ve done a bit of a U turn on them, the right specced ones can provide considerable bang for buck when Lenovo have their annual sale
I got a think pad for my new job, at thr recommendation of a friend who works for AMD. It’s pretty solid, I have some complaints but build quality isn’t one of them, at least not for this one (p14s). I’d still describe them as robust, it perhaps not so much as the old ones which were genuinely burglar-repellent .
lol yes 😂
No change to zapping habits but the amount I zap has reduced by approximately 50%. I’m not made of electricity, people.
if you are living in a developed economy, you are sort of barking up the wrong tree. people in developed economies only see bitcoin as a speculative investment. this point of view has been reinforced by the media for a long time now, ever since that guy bought those pizzas. the irony, an event that demonstrated bitcoin being used as a medium of exchange turbo charged bitcoin as a store of value and as such a speculative asset. anyway, long story short, the average person in a developed economy knows next to nothing about bitcoin, they have never heard of sats, or Satoshi, and because - up until now - their purchasing power has been eroded relatively slowly, they haven't had either the opportunity or the need to learn about money and how unfair the defacto system is. they do not understand scarcity, value, inflation, how their monetary OS works, nothing at all. According to a podcast I am listening too, the people i have described make up 1/8 people on the planet. so, in this instance, you are so early it is not funny, and you will be waiting for the zoomers to grow up to see lightning used to the degree you are looking for, and I am looking for too.
My understanding is that adoption will be and already is far ahead in developing economies, but even then it seems slower than you'd think given the sheer population numbers. I think once volatility settles down and bitcoin hasn't had a huge draw down for a period of 5 years minimum, adoption will grow more quickly. congrats on everything you've built, it sounds like a PITA! I hope to do something similar in 2025.
can't say if it's true but it's a great stat for tradfi people curious about btc, and normies askinf if they are too late. thanks for posting!
Fellow stacker, if I wanted to start learning about devices such as the Avalon Nano 3 and home mining etc. do you have any resources you can recommend?
“ Screven County, Georgia made history on November 5, 2024 when it became the first county in the United States to use the Bitcoin blockchain to safeguard the results of its elections.
The Screven County Board of Elections worked with Simple Proof, a U.S. company that protects digital records using the Bitcoin blockchain, to ensure that their election results couldn’t be altered.”
Very cool. If there is one thing I don’t think people appreciate is its ability to act as an independent system of record immune to the influence of, ell, everyone and thing. I expect to see a lot more of this in the future.
In a similar vein as AI and deepfakes continue to proliferate I could see a person’s reputation being what differentiates them from all the fakes done in their name. And they would prove their work belongs to them, by signing digital artefacts whatever they may be with their public key, a bit like a big, public, voluntary identity provider, not dissimilar to how pgp works.
I’m sure this is happening already but I can see it grow in the future as it gets more and more difficult to confirm who said what and attempting to distinguish what a person actually said vs what 100 extremely accurate deep fakes made it look like a person said. Hopefully still many years away from that though.
Thanks for posting!
Wasn’t there a dev who came out early last year or so and declared lightning fundamentally broken? I did not know enough to understand the criticism but whatever happened to that person and their argument? Whatever they were claiming it hasn’t seemed to slow down lightning whatsoever.
At the cost of a few brain cells I skimmed through the comments section of that article and came across someone claiming "that even confiscating every single penny of every millionaire and billionaire in the US WOULD NOT SOLVE THE SPENDING PROBLEM!!!"
Does anyone know if this claim is true? On the surface I suppose it is, though I don't know how many hundreds of billions the richest in the US possess. Maybe the govt can discuss a taking out a loan with Wall Street, who apparently have $10 trillion under their management.