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1467 sats \ 17 replies \ @elvismercury 20h \ on: The part of Bitcoin you *have* to trust bitcoin
This is the biggest thing missing from almost every discussion of btc, in my opinion -- what it means for it to succeed or fail, the various moves the state could make, what might happen as a result, and how we could tell, empirically, if it were happening.
My take is that most bitcoiners are operating under cartoonish assumptions about this, mainly from having never really thought critically about any of it and having instead incorporated the btc talking points as a matter of religion. The tell of this way of being are the grandstanding critiques of the existing systems, including prophecies about its ultimate fate, without actually understanding anything about it aside from what you've half-assedly absorbed from bitcoin podcasts.
A fun exercise is to tune in to media from the Hated Other and listen to how they make sense of the world. Feel the outrage rise up in you, all the but actuallys you swallow, or maybe don't swallow. And then realize that you're doing the same thing as they are. If you doubt that you're doing the same thing, ask some friends (or former friends) about what they think about your hot takes about their ideologies. Whether you're representing them fairly, in a way they'd endorse. Oops.
This behavior isn't unqique to bitcoiners, of course, although I used to expect better of them.
its time to get IN your submission for SNZ #Classifieds
I am making the zine early bc we have a holiday to celebrate back home
anyone? anyone? a space for your propaganda on a small bitcoin art zine?
1 2" block for 1k sats - purchase and deliver your message here
This is probably my favorite chapter of Cryptoeconomics.
Bitcoin is based on this hope that we can resist the state, but there's no reason this has to be true.
Hope, or effort. The nice thing about consensus is that if there is consensus to resist, then there shall be resistance. This is why it's dangerous if Coinbase doesn't rug, and if Saylor doesn't eventually get rekt, and we all end up depending on these central actors that will sing like a bird and comply, and ultimately why we decentralize and why the best central entity is a dead one.
I didn’t read the whole article, just the bit that @siggy47 shared.
... , a food merchant in Gaza who now uses Bitcoin to pay foreign suppliers ....
I'm continuing my quest for a really good editor with a really good relationship with markdown. So far really excited for lossless markdown transformations.
333 sats \ 0 replies \ @Solomonsatoshi 17h \ parent \ on: This Is Not What Adoption Looks Luke bitcoin
The sophistry and hypocrisy is dripping thick on this.
You preach about wanting to live on the Bitcoin Standard - how you have left fiat shitcoin behind bla bla bla- but here on one of the very few communities where you can spend and receive sats and be part of a genuine circular Bitcoin economy you refuse to attach your wallet because you prefer to hoard sats.
' CCs are the currency inside the game.'
CCs were introduced as a way of enabling people not yet capable of attaching a wallet to participate while avoiding the threat/risk of attack from regulatory authorities. The aim has always been to operate as much as possible on the bitcoin standard. You @DarthCoin are undermining that aim.
'SN is not doing any advancing in MoE thing... few zaps to each others means nothing in the Bitcoin adoption and is quite dumb that in a game like this users must use an external wallet to zap each others. Is a closed system and is not needed.'
BULLSHIT!
It is a purpose built circular bitcoin economy/community but you are deliberately and cynically boycotting that bitcoin circular economy - reducing the circulation of sats within it in order to preserve your own hoard of precious sats.
Enable your LN wallet or I will continue to daily call out your blatant hypocrisy.
I was given a tour of the upstairs, sounds like they didnt offer to take you up. Not much more besides more co-working spaces, they did have some interesting graphics with main events in the history of bitcoin, as well as this collection of bitcoin related books.
If you are holding onto your aging printer or cracked smartphone longer than you had planned, you are not alone. ...The average American now holds onto their [sic] smartphone for 29 months ... and that cycle is getting longer. The average was around 22 months in 2016.While squeezing as much life out of your device as possible may save money in the short run, especially amid widespread fears about the strength of the consumer and job market, it might cost the economy in the long run...1
Honestly, when the mainstream business media puts out statements like this, it's no wonder young people are calling this "late stage capitalism" and turning towards socialism.
I think it stems from a fundamental misunderstanding of what economic growth is and isn't. (Hint: It's not GDP go up--or at least, it shouldn't be thought of that way)
Footnotes
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Note: This is a re-quote of a CNBC article, reflecting the views of CNBC, not the mises.org author) ↩
203 sats \ 1 reply \ @Undisciplined 19h \ parent \ on: The part of Bitcoin you *have* to trust bitcoin
There’s also an excluded middle issue. Even when your critics are stupid and misinformed, there still might be undiscovered problems with your own position.
I know I often take it as confirmation of my own correctness when I realize someone who’s disagreeing with me can’t actually back up their position, but strictly speaking that isn’t the implication.
read "other means principle" I think also from cryptoeconomics. erik voskuil.
explains how resistance would actually play out, step by step
Tether has survived every single collapse / bankrun in the crypto industry including during pandemic, FTX, TerraUSD collapse....during the later something like 25% of USDT were forced redeemed.
Could any bank survive a 25% redemption demand without needing a gov bailout?
Whenever corporates that never gave a fuck about anything but their profits start talking about what other people should do, we have a pretty good indicator of something not going as planned.
Keynesian nonsense is so deeply ingrained. It shouldn't be hard for people to grasp that economic growth comes from producing more than is consumed. Increasing consumption doesn't help that.
135 sats \ 4 replies \ @Undisciplined 19h \ parent \ on: The part of Bitcoin you *have* to trust bitcoin
One of my big “aha moments” was thinking about how few weirdos like yourself, scattered all around the world, are actually needed to keep bitcoin going.
It can survive much more than its enemies can because it’s almost impossible to hunt all of you down.
I really wish they had a coffee shop on the first floor though, it would've completed the totally hipster vibe
Are autistic people able to communicate with each other more effectively? If so, is it bc of shared experience, or just because they make no assumption of sharing experience?
It's not a hard rule, although often people at similar levels of the spectrum will get along better than those from different levels. The resulting interaction is a little different from when two normal people with a shared interest connect over it; folks on the spectrum are quite good at "downloading" while the interlocutor "infodumps", and good luck getting a neurotypical to participate in this sort of interaction if they're not making a conscious effort to be polite... ironically enough, this effort is quite similar to how high-functioning autists describe that they can mask their condition and behave normally, although it takes a continued conscious effort.
I would imagine that this is how most people live? Maybe even everyone? Maybe even LLMs?
That being said, I think some people are gifted with the ability to be more flexible in their thinkig and thus adapt better to sudden regime changes where the old ways no longer work.
This flexibility could be moral flexibility (willingness to bend the rules or hurt others), or mental flexibility (quickly learning the new rules and how to optimize over it)
Biggest issue with smoking a turkey is that the skin never gets crispy....it actually gets a little rubbery.
The flavor of the meat is great, but I would argue you are actually better to take the skin off completely and let it smoke like that (skin only impedes smoke penetration). The result won't look as good, but in my experience the skin was a let down....
These days I do 2 turkeys: (1) Breast only (no skin) that I smoke, and then (2) Traditional oven turkey with butter and spices stuffed under skin.
Since I'm doing 2 I can actually just get a medium sized turkey for the oven roasting which makes things go much quicker.
171 sats \ 0 replies \ @elvismercury 18h \ parent \ on: The part of Bitcoin you *have* to trust bitcoin
I know I often take it as confirmation of my own correctness when I realize someone who’s disagreeing with me can’t actually back up their position, but strictly speaking that isn’t the implication.
Ugh, this is one I have to fight against really hard, in all aspects of life: demolish somebody's stupid critique, demolish their rebuttal of my demolition, feel more sure than I did before. How sure should you feel about your skills when you can beat a child? And yet there's this giant desire for it.