On reading @dantewpark's post https://stacker.news/items/136710 I see the need that we need an Event Section on @SN so that AMA can be posted there. Bitcoin events like conferences, seminars, hackathon, workshop to online schools will be under that section. One can even pay to post this events.
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Day 155 of snailposting everyday 'til BTC hits $100k.
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lmao you two
I personally think it's that they don't get the need for a hard money or decentralization. It is hard to communicate these theoretical concepts to someone when they do not feel acute pain.
Can I just say how much I like SN? Even if I didn't care at all about btc, the design choices here are so nice, the features really give you the tools to grow a community and to have real discussions about things. This is the closest thing I've ever found to a place I'd like to "settle" in this space.
My hot take after a week or so of being an active user is that the SN software is going to become notable outside the btc/nostr communities. At the very least, others are going to rip off the features and design principles.
I'm not excited but I can see the up side of this. I can also see the down side. Others have spoken of the down sides but here's a list.
There are probably more.
The upside
Why is Blackrock doing this? One highly like reason is that their customers want bitcoin in their investment portfolios. Yes, they should do it the right way but few start from that point. A lot of hard lessons are gonna have to be learned. Traditional finance isn't going to just say, ok. I guess we are obsolete now. No, they are gonna try to make money off of bitcoin as well.
The entrance of Blackrock makes it more likely others will follow. Yeah, people here don't care about this stuff but we are the early adopters that get it. The boomers don't get it. They won't get it for the most part but more people buying, even not self custody will make it less likely the state comes after bitcoiners. We aren't gonna just jump from fiat world to bitcoin world in one step. Many people will do dumb things. There will be battles, mistakes, and ugly mistakes.
This gives more people access to bitcoin. Specifically people that would never self custody. Yeah, they may get scammed. They may get burned. The state can take their bitcoin if they don't have custody. These are lessons some will only learn the hard way.
This takes more bitcoin off the table raising the buying power of bitcoin.
In short, I'm not afraid of Blackrock. I'm not a fan of Blackrock either. On net in think this will be one step on the way to a bitcoin standard. I'm not excited about it but I'm not angry or worried either.
this is soo exciting! some background for people who want to know what this means for them:
******************************* Stacker to Stacker *******************************
This week I noticed quite a few interesting ideas coming through, however once I was hooked by the title to click in and read further, letting my finger sit heavy on the sats trigger, I found the idea was lacking and the post much too short of becoming a fully realized point of discussion worthy of my sats. So let this be the encouragement you need to linger longer on the development of your post and ask yourself - have I said all I could say?
********************************* happy weekend *******************************
https://static.news.bitcoin.com/wp-content/uploads/2017/12/satoshis-vision-300x263.png
We all gotta live somewhere, right? Renting isn't ideal for everyone, some prefer to be renters to the bank for the long term and I get it, I was sold on property for many years and wasted so much time looking for opportunities, saving up cash and luckily I discovered Bitcoin and didn't blow my wad on some shithole fixer-upper just to "get my foot on the property ladder"
Property is such a massive opportunity cost though yet people don't realise it, I speak to my friends and family and they are all still of the frame of mind that they own it, that it always goes up and its the best investment you can make, and most of them if not all are pretty shit at math, so trying to show them the calcs is even a waste of time
I don't own property, I am reluctant to do so in my country, I wouldn't want to tie myself to the direction its going and people who are immoveable, tied to places by the property are easily influenced, easily taxed, and easily made to tow the line
I spent about five years running an event band company, about five years as a professor (these mostly overlapped), and two years as an iron worker. The bulk of the last 20 years though, I've worked full time as a trombone player, which most folks might think is weird by itself. But...oh the places you go doing that!
There are plenty others, but here is one stand-out week from the fall of 2007. Off and on, from 2006-2008, I would tour as part of the backing band for Elvis impersonator contents. We would go around the country for regional and national finals in the warm months and then do lesser paid 'rehearsals' with the local guys at animal lodges (Eagles, Elks, FOA type places) during the cold ones. These shots are from a regional final in Oklahoma City.
https://m.stacker.news/48859
https://m.stacker.news/48860
The week in question, we had one of these in Lubbock, Tx. Here's the Elvii all lined up again waiting to hear who won. Oddly enough, this is the only time I've been to Texas outside of an airport, including with other bands.
https://m.stacker.news/48862
As one might imagine, backing Elvii was not my life aspiration as a trombone player. The next day, I had a gig in Brooklyn for Atlantic Antic with an original project that did house, dnb, and other experimental electronic music with live musicians. I told the guy that ran the Elvis thing that he had to fly me to New York instead of back to Ohio. He was cool with that, so I took the gig thinking that I'd be able to do this more artistic project no problem. What he didn't say, was that we didn't have a hotel that night and had to stay in the event space...which was where the county fair would have livestock awards.
I awoke, in the middle of the night, to the rest of the band drinking and partying. Nobody else had a gig the next night, OR an early flight. Worst of all, they found the venue's smoke machine and had filled the space in this picture ENTIRELY!
https://m.stacker.news/48861
The next morning, I made it to NY with little sleep, but still had a fun show.
https://m.stacker.news/48864
We sat in with some old friends afterwards. Then, the keyboard player, who had never been, asked me to show him the city. We didn't get any sleep again, which was fine because I could ride back with everybody else.
https://m.stacker.news/48863
EXCEPT, they didn't take me or the bass player's brother (who was going to come back from NY to visit in Ohio) into account for space for the return journey. We were a really lean unit, so they had crammed in unsafely on the way there already. One band member was too young to rent a car, one had just got a DUI, one had bad credit, and one didn't have a license. So, not only did I have to drive back home, I had to rent a car too! The guys helped out with the cash, but it certainly wasn't an ideal situation with the liability.
The next day, I played a birthday party in a big tent on the front lawn of a conservatory.
https://m.stacker.news/48865
At the time, this seemed as weird to me as all the other stuff. Look at the bathroom. Yes, that's a port-o-potty in a tent. Honestly, after this era, I spend decades off and on doing high-end weddings and corporate parties and have since seen more how the other half lives. I know that's probably passe to many, but I didn't grow up rich and thought this was just wild at the time.
https://m.stacker.news/48866
Anyway, the next day was back to business as usual at a music festival. But you definitely see a lot doing music.
https://m.stacker.news/48867
My goal right now is to pivot into something bitcoin oriented (and therefor not music). The kids are in school and I think this is a more important revolution than anything going on in the arts right now.
Dealing with a recent cat cancer diagnosis. He’s only 10 years old, hopefully the medication will help keep him comfortable!