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Lame video from a Keynsian economist. I'll debunk his 4 reasons he doesnt hold bitcoin.
Reason #1 You can't apply any model to measure bitcoin's intrinsic value."Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act." - Ludwig von Mises
Stop using the term "intrinsic value." All value is imputed from the subjective valuations of consumers on the market. The term "intrinsic value" can only serve to confuse every conversation about monetary theory.
What is the intrinsic value of an apple? To a starving man, he is willing to give his life savings for it.
Reason #2 - bitcoin is not a good substitute to replace USD. Moot point. It doesn't need to replace any fiat. As long as it is an available option that works in addition to fiat, a flavor of Gresham's law takes effect, and people will choose the currency to save, and which one to spend.
Reason #3 If bitcoin is a good store of value, it won't increase in price over time.I have no idea what point he was trying to make here. He makes a comparison to gold, and how it hasnt grown by double-digits. Perhaps in comparison to fiat?
Reason #4 "There is a lot of dumb money in bitcoin"Too many people are asking him to sponsor their company in his videos. There are too many noobs promoting bitcoin, so it makes him feel uncomfortable. No understanding of the fundamentals, and a reluctance to learn more himself because he thinks people are dumb. Does this seem reasonable?
See Laolu comment on the mailing list about LND.
This is always unclear with coordinated disclosure if you give the latest release number (where mitigations are included) or the ones where they have been effectively included. Latest release number might always have some minor bugs.
Thanks for the work you’re doing on stacker.news.
Lightning doesn't have blocks, so there are no lightning "block explorers," and consequently, as devs, if we make a third party website where one person can pay another, it can be difficult to check whether the payment went through. Often we want to know information like "Did this payment succeed?" and there's just nowhere to look.
To fix this, we mostly have to make do with self-reporting by either the sender or the recipient. NWC is a standardized api for that. It also has some other features, like the ability to remote-control a wallet (if the owner gives you permission) and thus remotely "click" the Send and Receive buttons.
Learn more here: https://nwc.dev/
I have listened to a couple episodes of Stacking Sats by @kr where the guest tell the story of how they stacked x amount of sats through product, service or artistic offerings. I think Kevin would do a great job on a project like this.
I have been learning some new languages lately. Very fulfilling!
Literally was just listening the @kr podcast with @koob talking about John Carvahlo’s web of trust.
What is “good” is going to be very contextual to you and your interests. So yes, YOUR upvotes should definitely curate your view of SN.
But there is something interesting that could be done with archetypes and an overall SN feed/channel. The “tech” or “ meme” archetypes could be community curated based on individual users as well (your OG idea).
This is churning through my brain today…
The patriot act
Close second
Bank secrecy act
I noticed that the 3 cowboys on the SN team all have a k in their names. Any idea why?
I'm here right now and I can confirm what you say
However, I don't think that ~20% BTC adoption should be viewed as a failure, quite the opposite.
Maybe not everywhere accepts it, and true, waiters will actually try and say they don't accept it when they do, but it IS possible to live just on Bitcoin in El Salvador. I'm doing it right now.
https://btcmap.org -> this is pretty up to date
Bitcoin is legal tender in El Salvador and that's a big deal, perhaps adoption is slower than we would have liked, but it is definitely happening...
It's the same situation in Boracay, the marketing is definitely not the reality. It's down to people like us though, to change that.