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94 sats \ 0 replies \ @nullcount 16 Mar \ on: Should Mars have its own Bitcoin chain? bitcoin
"SolarCoin" would unite all planetary coins. Imagine a block chain with kilobyte blocksize and week/month/year-long block times.
Such a coin could have a center of hash near the center of our sun, rather than favoring any particular planet. It could become the interplanetary settlement chain.
What other heat options are available? Usually natural gas is cheaper to run than electric.
Post should be titled "Non-profitability..."
DC adjustable power supply, Fluke multimeter, Kill-a-Watt outlet meter, wire of various gauges, wire strippers, breadboard kit, label maker, project shelving or cubbies for people to store things between visits, whiteboard, a shop vac for the inevitable messes, calipers for making precise measurements, safety stuff (eyes, ears, hands, first aid kit), crafty supplies (tape, hot glue, pipe cleaners, popsicle sticks, twine/rope, markers, construction paper, play dough, Lego bricks), basic tool sets (wrench, screwdrivers, drills), misc screw and fasteners sets, velcro fasteners, heat set brass inserts super useful for 3d printing
And finally... a box for purchase requests and donations
It doesn't have to be implemented. It just emerges.
I think its already becoming more difficult to monopolize violence.
3D printed firearms, Money thats difficult to take by force, robot drones and humanoid bodygaurds, and one day it will be feasible for someone to manufacture a nuke in their garage.
All these factors are signaling a decentralization of access to violence. But also access to protect oneself without need of a state.
States are like the newspapers with their monopoly on information getting disrupted by the internet age.
There are also many corporations that have lasted longer than government regimes.
The word "corporation" has legal baggage. It implies "incorporated in a state" and bound by the laws of that state.
What I really mean by "corporation" is a market enterprise that competes to deliver more value at some cost.
With this framing, states ARE ALREADY corporations. They compete in a market for productive citizens, and resources, they provide value in the form of property, protection and rights, and they have costs like taxes, mandatory military service, laws to abide by, etc.
States are just corporations which managed to secure a monopoly on violence. Once a corporation corners the market on violence, they have essentially become a state.
With violence as an asset, states can start stealing value instead of creating it. They can do this for centuries with little consequence.
Why does anyone's stake in the corporation matter if you can just steal (or print yourself) a bigger stake?
Its from this place of violence as a means to compete for value that "government systems" emerge.
Governments are like a cancer that grows on any corporation that has grown beyond its ability to compete peacefully.
Once a corporation has a system of government that selects elites based on something other than their personal stake, its days/years are numbered.
Many corporations have more employees and/or customers than some countries have citizens
But i agree on the point of scale. Large nation states are unnatural, its why empires always collapse in a debt fueled inferno.
A dictatatorship where you are the dictator (soverign) or at least you agree with everything the dictator does.
That's a better system.
Democracies also weigh heavy on the citizens. Think how much time/energy/and thought regular people put into politics.
Many would be much better off using that energy to improve their own lives thru engaging in commerce. Instead, people in democracies feel the need to "stay informed" even tho their influence is so small its irrelevant.
Benevolent dictators are pretty great!
Democracy doesn't really exist, every state is always "rule of the elite", no matter what system of gov they pretend to have. The system of gov just helps define what constitutes "an elite person" worthy of rule.
In a popularity contest (democracy) the "elite" is often the person who promises the most "free stuff".
In a corporate hierarchy, the elite tend to be those who have the greatest stake in the company.
I, for one, welcome the fall of democracies!
Imagine if every company were run as a democracy... instead of a corporate-ownership hierarchy.
They'd all be bankrupt, deep in debt, and shrinking in economic significance.
Pretty similar situation for the economies of "blue" regions in this map.
I would destroy the printer after printing any sensitive info.
Printer/scanner forensics is a thing. Lots of people specialize in pulling metadata, observing different levels of wear on the buttons or internal mechanics to identify what was printed on them.
Hot take but... All the LN is just BTC-backed IOUs being traded back-and-forth. Its almost like wBTC except there's no blockchain and no central issuer. Every LN node is like a private sidechain, they can each issue "LN-enabled BTC tokens" which are fungible with one-another and include more decimals of precision. Nodes track the txns of these tokens on their own internal ledgers, periodically pegging in/out with "real BTC".
Its a set of tradeoffs that many seem to think makes LN "not a shitcoin" and it works to solve many of the practical problems that people have when transacting with onchain BTC.
You can use LN more trustlessly by simply requiring a MIN_HTLC above the dust limit for your node/channels. Of course, you'd no longer be able to receive payments below that amount.
LN was never a fully-trustless protocol.
The node that opens a channel also pays the onchain fee to close it. If you're worried about your channel peers making you lose money from below-dust payments, then just realize that you're already trusting every peer not to close the channels you opened to them (especially during a high-fee environment)
Users who were forced to HODL by being put in a cage (for selling plants and other medicines) might even have more fiat gains than the users who were able to avoid imprisonment and sold the early tops.
One of my fav episodes of the Marty Bent podcast: https://pca.st/episode/ee1dfcf1-4504-4925-afdd-a5e7c7d0b07e
Does Ocean earn routing fees from their CLN node? Any thoughts on LN routing as a source of BTC "yield"?
How does Ocean pay BOLT12 offers for hashers' payouts? Does Ocean have a public LN node? CLN or LDK or something else? Or do they use a LSP?
Bitcoin is a system of property rights that is backed by energy, math, and incentives such that no authority can strip you of your property (by decree alone) if that property is fully secured by the Bitcoin network (with good key security, etc.)
Nobody has to put "bitcoin first" for bitcoin to keep doing its thing.
However, Bitcoin isn't going to protect your right to speak your mind, or own a firearm, or protest peacefully, etc.
For those things, unfortunately, we have to rely on freedom-loving people who refuse to live without liberty and put "America first".
and I hand over a wad of cash
You had cash? Must not be "on zero" yet! You coulda bought BTC instead. Then, you'd have a much harder time paying the school bus fee. Heck, you might even have to buy fiat with sats and pay exchange fees, and onchain/lightning fees, and taxes just to pay the bus fee. Suddenly, making your kids walk to school doesn't seem so bad... tell them it builds character!
Wealthy people aren't just good at saving, they're also good at spending such that it affords them the wealthy life they enjoy living.
my brain will immediately start calculating how much better off that person would be if they had bought some btc
Give me enough time and I can put together a series of backwards-looking trades that would have outperformed BTC in the same timeframe.
Hindsight is 2020, woulda, coulda, shoulda...
BTC is your bias, other people might hear how much you spent on BTC and think to themselves, "damn, if only stack_harder had put those fiat dollars toward a down payment on a ranch in the midwest, he could have so many cows and a huge estate to enjoy with his family. But he'd rather gawk with his internet friends about BTC. Poor guy..."
Just recognize that you know whats best for you, and no one else.