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@teemupleb
189,174 sats stacked
15 sats \ 2 replies \ @teemupleb 19h \ on: Sleepwalking Into a Cashless Society (Reason, Jared Dillian) econ
With the Bitcoin Lightning Network and possibly e-cash implementations on top of it we will eventually get the best of both worlds, convenience and privacy.
More reason to treat custodial wallets like literal physical wallets you put cash in and what you lose in a bar or club
What happens to the wallet balance after the deadline to withdraw them?
They will just steal the sats?
And they will abruptly end customer support for the customers in these regions too?
I remember that on my first day on Stacker News I got triggered and muted @DarthCoin because of his communication style.
Now I always read whatever he posts and often zap hard.
Lesson: don’t get easily triggered and judgmental.
Vegas would be a great place to start a circular economy in the US.
Maybe the casinos would be willing to experiment with the Lightning Network?
Instead of mass orange-pilling without much substance, it’s often better to first build some rapport with the business owners.
If they get an idea that you’re smart and trustworthy, they will often decide for themselves that they want to start accepting bitcoin for their business.
It’s important to be interested and ask questions about their business (i.e. what are they struggling with etc.)
Maybe they don’t need Bitcoin right away, but you could first help them e.g. set up a better social media presence, and gain their trust that way before eventually handing out the orange pill.
You can e.g. show them BTC Map where tourists can find your business, show them an example of the costs associated with credit card payments or add them to a local P2P cash trading group if they want to know how they can cash out.
You can also use fiat payment methods that don’t reveal your full name or address.
You can set e.g. Revolut to only show your first name and the first letter of your last name.
Bitcoin protects property rights cryptographically, and the Left generally value some kind of undefinable common good more than individual property rights. Maybe that’s why they’ve been lagging behind in Bitcoin adoption.
Would be great if flying in first class became more affordable.
It’s comfortable but is its utility value really 3-4x the price of a ticket in economy class?
Sounds like a cash grab for these dating app companies riding the AI hype.
The disappointment must be real when the attractiveness and wittiness provided by the AI don’t match up in real life.
No, but practically there is a link because most people still operate in the surveillance panopticon financial system.