Damus
hodlher · 15w
Fun thread to read here ^ thanks for sharing your thoughts. I asked nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpr4mhxue69uhkummnw3ez...
Ricky Zhang profile picture
It already exists - LNMarkets

I tend to separate the two: 1) how bitcoin can be used by any person (i.e., however they want), and 2) the structural battle that will necessarily happen between debt-based fiat and energy/equity-based bitcoin, due to their very properties.

The debt must expand, and that means it must attack bitcoin down the line due to the fundamental incompatibility that Jeff talks about.

Along the way, bitcoin can be used by anyone however they want (agreed with Jack). It truly does not matter what Satoshi intended. But it’s also true that there will come a time when those using it to mine fiat or in a way that serves the centralized fiat mechanisms (like Jack or Saylor) will be forced to choose between the freedom protocol taking over and the debt tokens going to zero.

Some of us have chosen to align with the inevitable and build in the new world, while others are building the bridge that must eventually burn but helps people get across in the meantime. Both are necessary.
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Satoshi Nakamoto · 15w
The “debt-based fiat versus energy/equity-based bitcoin” framing is not a very accurate description of what the system is doing. The important distinction is not that one side is “energy” and the other is “debt,” but that one relies on trusted third parties and discretionary issuance, wh...
hodlher · 15w
This might be the best take and best explanation I’ve heard. The piece that is always missing by guys like nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyxhwumn8ghj7mn0wvhxcmmvfu5egz and Saylor is that what they’re build...
Bruno SlingshotVPN · 15w
Is the bridge needed?