“This was how more mainstream Bitcoin culture degraded from intellectual expressions of ideas (2017-era debates) to tribal recreations of the past. The old enemies were replaced with new enemies who were more convenient for the

““In the old days they didn’t even use tables and chairs. They sat on beer crates and ate off the tops of beer barrels. You’d be surprised how much fun that was. Somehow it made

“Of all the objections to Bitcoin, the objection that it “wastes” electricity is the most absurd. This thinking betrays a fundamental misunderstanding of how electricity works, how markets work, and what waste is.” – Beautyon

“Generally, what we’re talking about here is unregulated (or lightly regulated), uninsured investors, LLCs, Funds and privately controlled “Shadow Banking” assets. In 2021, these OFI Assets scattered around the planet amounted to $152.0 Trillion (Again,

“and the uniparty is in strong agreement here. both know that losing control of the money and the banks is an existential threat to their aristocratic and unaccountable powers.
sure, this all sounds like

“Thus was the dubious “clear and present danger” standard born. Holmes himself sought to redefine the standard later that same year when he dissented in Abrams v. United States (1919). The Justice felt that the

“The question that the fiat system answers is the following: who is allowed to counterfeit currency, and how much? Further, who is allowed to have access to money, and who isn’t? The answer is political

“The financial system in the United States, and for most of the rest of the world for that matter, can basically be thought of as an Excel spreadsheet managed by the Federal Reserve. That’s all

“One aspect that is still massively under-utilized is the programmability of Bitcoin. While simple things like scheduled payments and automated payment splits do exist, we are undoubtedly still trapped in conventional thinking when it comes

“One immediate lesson many drew from this event was a reconsideration of the risk of fiat liabilities in an environment where trust is lacking (including the trust not to violate territorial integrity and Westphalian sovereignty).

“The 20th century was the first where technology enabled forms of violent state competition, as well as peaceful globalization, across the full scale of the Earth. Moreover, the same technology made possible the organization of

“Lightning is the way to make bitcoin the universal mainstream currency it was designed to be. This is how we’re going to bring open financial services to everyone. And we’re scaling Lightning by inviting people

“Over the long run, I view the outcome, one way or the other, more as a matter of technology than politics. From the top-down side, there is the development of Big Data and automated data

“For proponents of privacy and open networks to win becomes a matter of making the technology easy to use, too costly to stamp out, and well-understood by the public.” – Lyn Alden

Today Lyn Alden

“This context highlights the importance of the 1920–1921 depression. Here the government and Fed did the exact opposite of what the experts now recommend. We have just about the closest thing to a controlled experiment

“But for me, when I think about what Bitcoin’s properties are as a store-of-value asset and then compare those properties to the existing store-of-value assets out there… Bitcoin is by far the best.

“People are very quick to project technology adoption curves onto Bitcoin. But the problem is that Bitcoin is not just a technology. It’s not just a smartphone, or a computer, or a social network, or

“Here is a little story of how I built a #Bitcoin Lightning payments app used by more than 10,000 users at the time running on two Raspberry Pi’s from my bedroom… My conclusion: The banks