bitcoin

## The Mutant Ideologies

![image](https://image.nostr.build/8772d7e19436c2dea1007c56317d0ea224eadf244d0f39ac27eba1699e1e0aa9.jpg)

Some believe there is a fight between Capitalism and Liberalism...

Some believe that those fights are nothing but distractions to keep the population from focusing their attention on the real issues....

In my opinion, those ideologies are mutating and merging into **Authoritarianism**.

Censoring have become so common that private companies in the USA have gone to the extreme to censor and cancel intellectuals, journalist, PhD's, MD’s, scientist and even a democratically elected president when they speak against the narrative supported by that company, the globes are off and the fight is now in the open between corporations interests, the same companies who have in their pockets the political apparatus and the judicial power of the countries in which they operate.

Meanwhile, the majority of those who align themselves with one of the three ideologies, are fighting the others as if they where the owners of truth, censoring each other, sad to watch and ironic, in most cases...

## The Censoring Age

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/35f3a26cd1e775ad16dad8cc8e8e9d48259fc8cb46230bc9663c812792ddf231/files/1712270918759-YAKIHONNES3.png)

Once upon a time we used to debate, adding value to the society while doing so, now is just an unintelligent fight with weak arguments and in many cases incredibly absurd, very rapidly the conversation turns into insulting, dismissing the other party with no arguments and even censoring if against of the narrative of the platform landlords. Surreal if you think about it.

If you are a critical thinker, you may have theories, but you have to be scratching your head trying to find out How we got here?, By design? Or just a product of our own technological development oriented to profit and not the improvement of our health and social wealth fare. Perhaps the latest...

Does it matter to know how? I believe it does because learning from those errors we could start building a better society one step at the time so in two or three generations we could have the required base to build a more adequate social construct. Naive, but it would be nice.

## The Failed Bitcoin Solution

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/35f3a26cd1e775ad16dad8cc8e8e9d48259fc8cb46230bc9663c812792ddf231/files/1712271405382-YAKIHONNES3.jpg)

I am of the opinion that we will not be able to obtain a more adequate social construct until we manage to separate the state from the money, hence the statement, fix the money, fix the world... 

We are failing badly. Bitcoin was a tool to achieve that, it is failing miserably, it become a store of value, **a very profitable one, an excellent investment**, it was hard for the system to beat it, but despite of its incompetent officials, the FIAT system managed to control it and turn it into their benefit, now governments, corporations and institutions are buying it and soon we will observe the wash trading, buying and selling between themselves legally using the rules the system offers to manipulate and accumulate while the current "whales" reaching already their mid 40s and 50s will sell into FIAT large quantities of Bitcoin to retire comfortable, people tends to forget that there is a time factor. 

Those in their 30s will probably build around it or go to real state and sit happy, but, Where are the values and the ideology Satoshi intended to push in the world? Doesn't seem it is in Bitcoin "hodlers" hands  anymore. Very few real hard core libertarian believers left in the ecosystem.

If we go beyond that and we say, well, it could be adopted as currency in other countries besides El Salvador... Sure, but Why? What will be the benefit to that country unless they have a massive amount of Bitcoin already? It would not be fair for their citizens, basically, those institutions and governments that in few years will own the majority of the coins and the current wealthy Bitcoiners become the ones that can take advantage from that measure instead of the citizens of that country.

Countries would do well adding it to their reserves as they do with gold, but by no means it will be a P2P cash solution for the masses, nor it will help to solve the money problem.

## Any options?

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/35f3a26cd1e775ad16dad8cc8e8e9d48259fc8cb46230bc9663c812792ddf231/files/1712272215900-YAKIHONNES3.jpg)

In my opinion is not that complicated, every nation could create a Bitcoin like currency with a cap of whatever it thinks it should be. Copying the Satoshi vision, nothing to do with the CBDC concept which is nothing but the same FIAT system with no cash. 

That means that the coins should be capped at certain amount, Inmutable and Decentralized not controlled by the state and make it a legal tender with the regulation of the state equal to its current currency.

Technically is quite easy to implement, forking a privacy coin and making it more efficient to have instant payments as with Lightning Network will do the trick. 

The effect of such measure will be a very strong currency that will benefit all their citizens equally. Sure, there is the current FIAT system with its tentacles everywhere, which needs to be transitioned and removed in parallel. Not a simple task, nor it will go down without a fight.

A fair launch of the token is required with no "genesis block", no "original address"  (corruption) with a large percentage of the tokens. Nowadays, most states are corrupted and will most probably use the current currency printing machine to acquire as much as possible of the new currency making it a failed project from the start. Think about how much money the countries can print and buy Bitcoin with that money, think what they can do with it...

Regulation to avoid the governments from buying the tokens with printed money is required from the beginning. 

Plausible, right?. The only needed action is to remove the corrupted and incompetent officials that are in the pockets of the nations landlords... Oh, but the landlords owns the judicial system and the military industrial complex so this seems to be a quite obvious and simple task but next to impossible to accomplish.

## Baby steps?

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/35f3a26cd1e775ad16dad8cc8e8e9d48259fc8cb46230bc9663c812792ddf231/files/1712272855155-YAKIHONNES3.jpg)

We need legislation to separate the state from the private money. That alone will weaken the landlords over time and thus, little by little, their grip on the judicial system will perish and change can emerge with less opposition from the corrupted officials.

## Is there a chance?

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/35f3a26cd1e775ad16dad8cc8e8e9d48259fc8cb46230bc9663c812792ddf231/files/1712273088372-YAKIHONNES3.jpg)

In my opinion, not in the short term. 

The ones with political power and control over the world resources I call landlords, won't let go. Why will they? 

Even in the miraculous scenario that few of those individuals or families decide to assist with the needed changes, others will take their place, therefore, I have no illusion it can be achieved rapidly or ever. 

If you are very young, you still may be thinking that with few marches and protests the people can steer the direction of a nation, nothing more far from the truth... When it works it had been carefully planned and funded by a foreign country or nefarious group looking to change power in a nation to take advantage of its resources in one way or another and the naive youth is used to achieve the goal.

One possible scenario would be a sudden introduction of technologies that empower the individual to be free of the control of the system, the following three would be an excellent start:

1. Free energy (Tesla's dream...),
2. Free tech for the desalination of sea water,
3. Free access to atmospheric water devices for the production of drinking water from the humidity in the air.

But to believe that the current powers will not push back is naive. The most logical scenario is that they will make those technologies illegal and prosecute anyone sharing them or using them or tax them heavily as Spain did not long ago with the solar panels installed at home by individuals, surreal but it happened, it was called the "sun tax" implemented in October 2015 and removed in November 2018. 

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The Case of the Mutant Ideologies and the Failed Bitcoin Solution

tech

Cyber Security & Bitcoin - Unpopular opinion and some suggestions

Am I missing something?

If the number of UTXOs is limited to say, 10-20, that will make the ordinals business case challenging and reduce the fees for the day to day common transactions. Yet, the fees will continue to be high but only from CEX batch transactions and Ordinals, which won't affect the majority of he users.

@jimmysong, you are in stacker.news now (welcome by the way, very happy you are here) ,considering your technical acumen on the mater, perhaps you can give us your opinion?

Why BTC Devs are not working on a BIP to cap the number of UTXOs per TX? 

What is Antpool up to? I keep observing this empty blocks from their pool

Does anyone knows the root cause? 

Considering is not systemic, I am assuming is a bug...

![AntPool_EmptyBlock.png](https://m.stacker.news/8551)

Luke Dashjr said that Ordinals & BRC20 will no longer exist on Bitcoin.

Cowboy

It is simple, your node your vote, if there is consensus they will make the change, you will vote with your node, period. And if you are mining in a pool, you will point your mining operation to the pool that follows the rules you agree with. At the end is our choice, one way or the other.

Bitcoin idioms - Explaining the tech to the new comers

I am glad you trust it and works for you. Every one should use the tech they trust and feel comfortable with. Not for me

AFAIK Seedsigner does not use Chip Secure Element, therefore I didn't and I do not suggest its use. That being said, I love the concept but not for me

![image](https://yakihonne.s3.ap-east-1.amazonaws.com/35f3a26cd1e775ad16dad8cc8e8e9d48259fc8cb46230bc9663c812792ddf231/files/1699706135003-YAKIHONNES3.png)

## Bitcoin idioms ##

The community around Bitcoin got use to use certain keywords to describe how it works and the tools used to access and move their coins. Unfortunately, many of the words used are quite misleading and, in my opinion, such idioms do not help the new comers to understand the tech and how to use it. 

### The wallet idioms ###

One good example is the use of the word ***"wallet"***. The word wallet itself is misleading, we do not own a wallet, we own a ***"private key"***, we could had call it for the non tech savvy, ***“account access private words”***. When I talk to a person that is new to Bitcoin, I use logical terms instead of the idioms adopted by the community, and it really works well, they get it right away because I am using terms they understand from their day to day interactions with mobiles and PC systems. 

Recently, I read a post of someone making it even more confusing for new comers with concepts like ***”cold wallet”, “warm wallet” and “hot wallet”***..., if you are a new into Bitcoin, ignore it, focus on the basics, most of the tech savvy influencers in the Bitcoin community are not good communicators, hence, they do not add much value to you at this moment, probably they will confuse you, there is a handful that are good communicators and keep it basic for the new comers like Ben (BTC Sessions[^01]) and Ian Major (All Things Bitcoin[^02]), do your own research and do not trust, verify.

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![image](https://yakihonne.s3.ap-east-1.amazonaws.com/35f3a26cd1e775ad16dad8cc8e8e9d48259fc8cb46230bc9663c812792ddf231/files/1699706270880-YAKIHONNES3.png)

### Keeping your Account Access Private Words Safe ###

When you decide to keep cash in your home, you know better than to keep it around for all to see it, so you have a safe or any other method you feel comfortable with. 

If you lose your cash in the street or you are robed, in most cases there is no way to get your money back, same with Bitcoin, if you are keeping custody of your own “account access private words” and you lose them, is like you lost your cash. 

When you keep your cash in the bank, you are trusting the bank to keep it safe for you, with Bitcoin is the same, many new investors prefer to keep it in a “bank”, called centralized exchanges like Strike, CashApp, CASA and Swan, I mention these ones because they are exchanges only for Bitcoin; since they do not hold or provide services for any other coins; chances are they are less pron to fraudulent activities, ponzi schemes pushed by insiders and employees in general like the known pump and dumps, the ones I mentioned do not have any native coins neither. An exchange with their own native coins are a red flag, indicative of potential market manipulation to push for their coins in detriment of your own investment in Bitcoin, examples of this type of activities in exchanges are plenty (FTX for example), I rather don’t mention any more of them since they are not worth any attention, if you go down that rabbit hole; my suggestion is; be wise and keep your savings away from them, you don’t need them unless you are a gambler and like to speculate or you are already tech savvy and with large funds looking for large liquidity pools for your trades. 

There is a risk of not being your own bank as the tech was intended, in traditional finance, if the private bank you trust goes down you may lose your funds, the same applies with centralized Bitcoin exchanges (“Bitcoin banks”), if they go down you may lose your coins, as it was the case with FTX and many others. 

If you go down that road, do your research, it is important you feel comfortable and you can sleep well knowing your funds are safe, specially if you are putting your life savings into Bitcoin (many people do), an option is to spread them across known stable recognized exchanges. 

***The technology was created by “Satoshi Nakamoto” for us to be our own bank, not for us to give it to a “bank” for them to keep the coins safe for us.***

#### Best practices ####

The tech savvy will push you towards best cyber-security practices for holding your coins that will make you uncomfortable and push you away. Let’s face it, the more secure a system is, the more inconvenient it is.

Problem for the new comers is that they are use to have a traditional bank account online or an app in their mobile to access their bank account, they input a password or biometric input and get in, convenient and easy, but that is not very secure and many people gets their funds stolen because of it. 

If you will not put thousands of dollars into Bitcoin anytime soon, in my opinion, you can use the same security measures you use for your apps to access your bank accounts when using your apps to access your Bitcoin funds. If you increase the amount, you should increase your security, be more mindful since there is no recourse if you lose your funds, it is, after all, as if someone got in your home and took cash from one of your drawers because you didn’t store the cash in a safe box or a safer location.

If you will put your life savings into Bitcoin, do the research and follow the tech savvy suggestions, won’t be convenient, but it will be quite safe.

In summary, you will be able to handle it easily, you just have to keep your “account access private words” safe. You keep cash and other valuables safe, hence, you will be able to keep your access to your Bitcoin funds safe as well.

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![image](https://yakihonne.s3.ap-east-1.amazonaws.com/35f3a26cd1e775ad16dad8cc8e8e9d48259fc8cb46230bc9663c812792ddf231/files/1699706503343-YAKIHONNES3.png)

### How should we have call it if not Bitcoin Wallet? ###

We do not call our bank mobile applications to access our accounts “wallet”?. We call it bank app, it is an application to access your account in the bank servers, with Bitcoin is quite similar, you use an application to access your account in a decentralized and public database (which is a ledger containing all the transactions ever done with Bitcoin). As with the banks we should have call it ***”Bitcoin App”***. That is what I use while explaining the basics to someone that is new to the concept of Bitcoin.

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![image](https://yakihonne.s3.ap-east-1.amazonaws.com/35f3a26cd1e775ad16dad8cc8e8e9d48259fc8cb46230bc9663c812792ddf231/files/1699706323946-YAKIHONNES3.png)

### The “hardware wallet” idiom ###

This one is the worst idiom of all for me, the use of "hardware wallet", instead of ***"seed signer"***, another misleading word that confuse new comers thinking they have a wallet and coins in the wallet. 

The wording used was not well thought and is backfiring now, the FIAT finance system will create spot ETFs and the investors will be able to buy a stock ticker backed 1:1 by spot Bitcoin and feel confident since it is exposure to the asset without all the new tech idioms the Bitcoin community have added.

Last holiday season, I spent some time with a large group of friends and one of them was attempting to explain Bitcoin to someone, he was exited talking about wallets, the importance to hold your keys, the importance of cryptography, the importance of self custody…. The guy just wanted to invest in Bitcoin and got so confused that changed the subject stating that it was too complicated for him. 

If you have been in Bitcoin for some time and you are passionated about it, you have, most probably been in a similar situation. I could not stand there and do nothing, later on, I took the interested guy aside and I downloaded a Bitcoin LN app for him and transfer him few dollars, he was amazed of how easy and fast it was. I told him to play with it and the concept of the private keys as your secret words to access your funds. I let him know that he needed to decide the level of privacy he feels comfortable with and based on that, decide where and how to store his “secret words to access his coins”. Today, he is a proud Bitcoin investor who practices self custody.

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![image](https://yakihonne.s3.ap-east-1.amazonaws.com/35f3a26cd1e775ad16dad8cc8e8e9d48259fc8cb46230bc9663c812792ddf231/files/1699706833542-YAKIHONNES3.png)

> Note on the Bitcoin Influencers
>- Most people entering the space are gaslighted into thinking all seed signers (the community know them as hardware wallets) are safe, that is not the case, some are actually quite unsafe. New comers may fall for them due to some dangerous influencers pedaling "seed signers" that are sponsoring their channels or through referrals. Use this link [^03] in the foot notes to learn more about hacks since 2014 into “seed signers”
>- I invite you read my recent article about seed signers with few suggestions and why I consider those ones safer, here the link[^04]


[^01]: https://www.youtube.com/c/BTCSessions
[^02]: https://www.youtube.com/c/IanMajor
[^03]: https://thecharlatan.ch/List-Of-Hardware-Wallet-Hacks/
[^04]: [Thinking to buy a Hardware Wallet? (Seed Signer) - Read on!
](https://yakihonne.com/article/naddr1qqxnzd3exyenxd3cxcungdecqgsrtuazdng7waddzmdd3nyw36w5sfvler95vgcte9nreqf8jtwlyvgrqsqqqa28wkmu8m)





The Universal Soldier - 1963 - Lyrics to think about - 

Do you trust the ratings from IMDB & Rotten Tomatoes?

Insightful comment, thanks for sharing your thoughts

LOL, true. I have so many examples like that one

Looking at the ratings, epic movies and low quality ones with little to no substance have similar ratings, therefore, in my opinion, those ratings are not to be trust, after doing more digging found as well that, in the case of IMDB, there are a considerable number of "critics" which are ideologically biased to the new virtual signalling in fashion, making even hard to watch movies and TV shows to look as great if you follow the ratings... I would assume this business model or ideological model has its expiration date, maintaining it have to be quite expensive.

What are your thoughts?