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10 sats \ 0 replies \ @orange_crush 16 Apr \ on: What local businesses would benefit most from BTC/LN Adoption? bitcoin
Any cashflow business can integrate a Bitcoin treasury. Sell tokens for meal/event passes/travel fares that can't be inflated away by keeping a percentage of the token purchase price in a bitcoin-hedged treasury.
Thank you for your write-up. This is the truth of lightning: a convenience network subsidized by node operators.
Rarely can you 'win' in economies. This is because the underlying principle of cooperation is so important to outcome. If the US is too successful while our developed nation partners and enemies are desperately flailing, then other nations may blame us and look for new global solutions for leadership. And judging by Europe's need to over manage, this won't be bitcoin.
Good thing we are so proficient in stirring up conflicts to keep everyone dependent on our defense capabilities.
Anyway two things are known:
US deficit spending will continue
US military power will continue
Just siphon off what you can with speculative attacks on the dollar while we drive this cruise ship called America right off the edge of the world. We'll need resources to build the new world.
Buy and hold the coin. Mining is hard and is going to get much harder. Your competition will have a different set of incentives as they seek transaction control rather than coinbase rewards. If you are looking for a business, choose any profitable business, store your profits as bitcoin and measure your business's success on your total stacked value. Make decisions on business growth based on whether your stored stack will increase rather than your gross revenue. Help usher in a new era of rational small businesses owners.
I am not here to judge other's bitcoin security profile, but I would caution you against providing any details, significant or not, on your keys / backups.
My point was: Your really swell time with the CCP sounds very rewarding right up until it isn't. Reminds me of so many pumpcoins, great when the exit liquidity is rolling in, and catastrophically bad when the rug gets pulled.
Good luck. I hope your strategy works out. CCP is a significant counterparty risk. Perhaps you will escape with your fortune and perhaps not. Thank you for compiling and sharing this research.
The open, rule-based system of bitcoin provides the permissionless environment needed to build solutions to problems as they arrive. We are in year 15 of a base layer that can last centuries.
In January, I used ~50% of my available credit to buy bitcoin. Average interest rate: 11%, average unrealized gain on bitcoin purchased by credit: 45%.
Who many other bitcoin degenerates out there?
Lol, article mentioned 9.6% inflation over 3 years more like 18%.
Buy bitcoin. Most of Biden's year one Bidenomics spending is just now getting deployed. That chip manufacturing and infrastructure money is going to drive major inflation in US construction further stretching underwater commercial real estate projects.
Mozilla doesn't host all the traffic. Damus.io relay is the problem. Clients need to get out of free relay mindset.
Damus had first mover advantage but Primal overtook them quickly on features. Will did a great job promoting the nostr to Apple users, bootstrapping features, and running an open source project, but that's how they run Damus, like an open source project not a business. Maybe opensats will support him for life, but he needs shut down subsidized "free" Damus relay and allow a free market for relays to develop.
Don't do this, but you could timelock to some future block. https://en.bitcoin.it/wiki/Timelock
This does not improve your threat model. You still need to protect your private keys or they will spend your bitcoin when the timelock is up.
@Scoresby let's say I loan money, buy bitcoin. Now my bank has to settle with exchange. How does the need for settlement with the btc exchange impact the bank compared to if I had spent the money in the fiat credit economy?