@nostrich
Observer. Inspired by all the incredible things being built here. Spreading the message at a grassroots level.
No relay list published yet.
Recent Notes
Trying to explain to a multi millionaire boomer over lunch yesterday that the currency is fake.
“Where does the bank get money for the loans?”
“Deposits“
“Banks use fractional reserve ban...
Fiat has a lot of legs left. 98% of people have not idea. Heck, most finance professionals have no idea how it works either.
The Empire State Building took 410 days to build.
1 year and 45 days.
Imagine how fast we could build buildings 95 years later, with all the tech and efficiency gains…
Now add 500 layers of compliance complexity on top
How Bitcoin loses:
Energy competitiveness will reduce hashrate.
There’s more money and value captured by AI (more people want that to win than Bitcoin if it was a choice).
Energy is now only flow...
Bitcoin has a more flexible range of energy sources tho. Bit more of a houdini.
Headwinds for AI are they are usually in urban sprawls with reliable power (they’re up against city grids and resources for people), whilst we can mine bitcoin in a jungle or some shit
Headwinds for AI are they are usually in urban sprawls with reliable power (they’re up against city grids and resources for people), whilst we can mine bitcoin in a jungle or some shit
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Absolutely yes. It's the endless September problem combined with the adoption curve, 80% of bitcoiners are new and think they know everything.
Also the vast majority of people who joined after 2016 ...
“Unearned knowledge”. C’mon man, Bitcoin is for everyone, that’s the point. Getting to first principles is a part of the path.
I agree that there’s terrible takes and ideas, that’s also a part of being in a free market - bad ideas that don’t create value eventually get rekt.
Sound money being accessible to everyone regardless of sophistication or whatever **is** the value proposition.
I agree that there’s terrible takes and ideas, that’s also a part of being in a free market - bad ideas that don’t create value eventually get rekt.
Sound money being accessible to everyone regardless of sophistication or whatever **is** the value proposition.
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