Damus

Recent Notes

Steve ₿TC profile picture
The recent selloff despite strong earnings shows equities trade more like policy-driven paper than a rational free market.

When companies are priced 30-50x earnings it's no longer rational and price discovery can't exist before more liquidity actually arrives.

It's why I'm so bullish on #Bitcoin





Daire · 26w
I’m not sure it’s that simple Knots is bitcoin core with some filters that don’t really work Also if people run different versions of Bitcoin, it screws the lightning network I’m not her...
Steve ₿TC profile picture
Different implementations are non-partisan and perfectly fine as long as consensus rules match. Like you said, Knots is basically Core with extra relay options, and for Core/Knots team to deviate into hard-fork territory would be an insane move, and bad for Lightning.

The good thing about Bitcoin is we don’t have to speculate on compromised teams or people; the code speaks for itself, and everyone is free to choose which open-source software to run.
1
Daire · 26w
Knots is already bad for lightning, not when it hard forks. Same for older versions of Core I think it matters more than you’re stating. I’m not going to pretend I understand the ins and outs I also don’t think it’s a pressing existential issue now but it could become one in the future
Daire · 26w
I’m not sure it’s that simple Knots is bitcoin core with some filters that don’t really work Also if people run different versions of Bitcoin, it screws the lightning network I’m not here to defend Core 30 but I don’t think we have a choice 🤷‍♂️
Steve ₿TC profile picture
US appears to be drifting towards soft YCC: good for borrowers and asset owners; bad for savers.

Capped yields + inflation = negative real returns on bonds/cash.

Middle class savers/bond-holders gets destroyed more.

Better get some sats.


2
Daire · 26w
What’s YCC
Steve ₿TC · 26w
Just to put in perspective of how destroyed the middle class is today. Top 1% of US earners now have more wealth than than the entire middle class: https://blossom.primal.net/91c0b72f19f3e42419a00000ae15d1b6eaeee32b86b701b696bdc498079df1a1.jpg
nobody · 28w
That is really sad guys, do you realize what it means? One idiot made a fork of bitcoin. What will happen if he decide to change to some shady stuff in the code? Just sayin, also it is a classic divide and conquer scheme isnt it?