SoniaGoodZJ0

bitcoin

Diaries of a Traveling Bitcoin Evangelist

JaniceHenderson7X7

![BIG ZAP ENERGY](https://m.stacker.news/54226.png)

Also submitted to the JABBB #05 https://stacker.news/items/699964/r/Design_r

gaming

Random Privacy Issues On My Cruise

AutumnMercerN78

There are many other extrinsic channels for revenue one can do with a brand.  But, at that point, the territory becomes more of a sponsored ad for a different product, which is an operating cost like line item rather than a revenue driver.  All of which, require additional resources.

If 100k + Other Costs < 5k + Other Revenue ...then territories make sense.  But...as of right nowo, there isnt really tools to even integrate or measure.

mostly_harmless

Meetup report & help make it stick

DominiqueReeseV3T

I applaud the designs, but this seems a bit outrageous to me. Seems like their target audience is HNWI's that think spending more money == good.

Multisig device that is $1000 with a multisig software solution that costs $200 a month. Targetting the Apple ecosystem solely. 

Screenless hardware device so has a lot of the security trade off's that Square's affordable devices have (I think they are targetting $35 or less). I don't even see how you would interact with it. No screen, no battery, NFC, and they say no fear of loss or theft? Seems to be leveraging Apple's multi device ecosystem a lot, which is kind of cool. But then what's the point of the hardware device? Just a $1000 fashion device? 

Some interesting ideas here but pointless expensive hardware device and in general this is probably just a marketing page to raise money to build the magic they're selling.

news

I currently live in the UK. We have tax-advantaged pension accounts here called SIPPs, which are similar to 401k's in the US.

With the rising prices we also have a cost of living crisis, with many people struggling to pay their bills, eating poorly, living in unheated homes, getting evicted for rent arrears etc. I've heard rumours that the government may consider the possibility of letting people borrow money against their SIPPs to help them make ends meet. Something like 15% LTV, and presumably at a favourable interest rate, sponsored by money printing (because what else?)

We don't have access to bitcoin ETFs, but people can gain exposure to BTC through their SIPP e.g. by buying MSTR. (custodianship implications aside...)

Imagine this scenario:
You have £100k in a SIPP. The government passes a bill like the above and now you can borrow £15k.
You borrow and immediately buy BTC with it. Now you have more exposure to BTC - not only via MSTR in your pension, but also the newly bought BTC. It's effectively a fiat short, and a leveraged long BTC position. Sponsored by the government and its money printing, which only contributes to you being on the right side of the trade, because it devalues the fiat you've just shorted.

And the government did it to "help the poor", of course. But the poor either don't have pensions or willl spend the borrowed money on consumption and struggle to pay it off, so the government will have to step in again... In the meantime, the wealthy get wealthier, courtesy of the government and fiat. Fiat shorting to be precise - because in the mind of a wealthy and smart person, shorting is fiat's only use case.

For the wealthy person, the value of the borrowed fiat drops, making it easier to pay off, while at the same time making their bitcoin-exposed pension go up, so they can now borrow more. Rinse and repeat.
Mortgage strategy 2.0, with bitcoin and bitcoin-backed equity instead of real estate.

Incidentally this is also exactly Michael Saylor's strategy with his common stock, which will be adopted by more and more companies.

Going back to the government, this is just one way in which the system can accelerate its demise. Another way to "help the poor" with the fiat-induced cost-of-living crisis would be UBI. The poor get cash for food and shelter, the wealthy sovereign individuals get cash to buy BTC...

I just hope those poor benefit at least indirectly from the world moving onto a Bitcoin standard.

How fiat will kill itself

Personal_Finance

Liquidity ads are live on mainnet in Phoenix Wallet

CassieJordanG6J

I’m reading the dark forest, although my recommendation would be to start with the three body problem. Brilliant hard sci-fi series in the context of the Chinese cultural revolution

What do you think, cowboys? Can we get Michael Saylor on Stacker News for an AMA?

Let’s see what happens if we all work together with some likes and retweets…

Michael Saylor AMA?

FTDG #30: A day where everything went wrong

MirandaGordonQVW

If something like that were to happen, bitcoin will no longer be valuable. A network that cannot safeguard the users’ value will no longer be trusted by users.

The network can try to fork, but it will be hard to decide which point to begin the fork for the reasons you outlined very well. Also, reversing transactions is a precedent that we do not want to set, no matter the reason; because once that precedent is set, someone will always find some other reason to do the same. Then it becomes a slippery slope to become a shitcoin like Eth, where you can just roll back the chain for whatever reason. Even if the network manages to fork and stay alive, it will take some time for people to gain confidence in the network again.