Damus

Recent Notes

lifeisjustreplication profile picture
Claim: if you want the internet to remain usable .. one of _the_ most effective means to contribute to that is: do commercial stuff buy/book things .. using _Firefox_.

Give merchants/companies revenue to lose if they (A) only offer their product/service via shitty App XYZ or (B) only support Chrome.
Cyph3rp9nk · 2w
Women should never have entered the labor market as the norm, that has been the main cause of the destruction of the family unit. That is precisely what employers wanted, to double the workforce, dou...
lifeisjustreplication profile picture
I think it's OK that women go work the same jobs as men.

So long as people are made aware of the consequences.

But .. the propamedia was so evil to almost never point out that a main driver of this development is - as you write - the goal of employers to get a bigger pool of applicants and thus putting pressure on the price of labour.

Employers aren't interested in emancipation/feminism but obviously just business. (That's ok.)
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Implausible Deniability · 2w
Theres different points of view with this i should say this is not a factual science but an emerging suspicion as time goes on.
Control-Plane Capital · 3w
I'd say both SoV and MoE are important. Storing the value part needs to be decentralized and secure, otherwise, we're just doing fiat 2.0. I like the idea of the architecture (minimal L1), but the ...
lifeisjustreplication profile picture
What I meant is: shouldn't we .. (A) not care that much if Bitcoin is used as day to day MoE .. but (B) care very much about adoption as SoV?

The reply to "BTC feels like a failure because it's bit used for everyday payments" should then be:
"Stop caring too much about MoE/payments, just use BTC as your savings account. If we can slowly grow the adoption of BTC as SoV to a significant share of the population, that's the best foundation for stability we can have."
Control-Plane Capital · 3w
Basically a TL;DR on how Bitcoin got captured. We got to the point where the Bitcoin community cannot widely agree on what Bitcoin is — is it money, is it arbitrary data storage, is it digital gold...
lifeisjustreplication profile picture
Would you agree that the most important conclusion to draw from your assessment of the incentives is the following?

"Store of value (SoV) is the most important goal/property.

SoV is more important than medium of exchange (MoE) and adoption.

Whenever people warn that Bitcoin isn't being used for payments enough, explain to them that in the long-term, L1 won't be used for everyday payments anyway (L2s will be instead), so useability for payments must not be prioritized higher than SoV properties."
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Control-Plane Capital · 3w
I'd say both SoV and MoE are important. Storing the value part needs to be decentralized and secure, otherwise, we're just doing fiat 2.0. I like the idea of the architecture (minimal L1), but the execution is terrible. For the vast majority of users, Bitcoin's L2s are centralized, insecure, and...
Laeserin · 4w
I don't know how assets can even be owned, when no one has jobs. If we all get AI-ABI, we'd all have the same income. Where does the money to purchase assets then come from? Savings? So we make the cu...
lifeisjustreplication profile picture
How is this even a question? 🙃

Everyone gets some amount of AI-ABI .. but how much of their UBI people decide to spend on the assets (as opposed to savings and other things) is different and for them to decide.

No big difference coompared to now IMO.
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calle · 5w
This is worse than any previous Bitcoin exchange hack. It is arguably one of the worst things that could happen. The popular hardware wallet COLDCARD has a faulty random number generator (RNG). Funds...
lifeisjustreplication profile picture
Isn't the actual mistake here to _at all_ fall back to some other RNG, which (at least in this case) is known to rely on less entropy than the main RNG?

I mean .. shouldn't the hardware wallet instead just print a message like "RNG failed .. no seed generation possible .. please update firmware."?
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nostrich · 5w
YES