A few months ago, I asked Stackers if Bitcoin is their one and only. Seems that there are two camps. One group typically possesses Bitcoin and retirement funds, whereas the other group goes all in on Bitcoin.
Around the same time, 11 spot BTC ETFs were launched. According to a study from Apollo, they’ve taken in approximately net 220k BTC ($14B). As of April 2023, the largest inflows have gone to Blackrock (IBIT) and Fidelity (FBTC), with 274k BTC and 155k BTC respectively. Blackrock now owns more Bitcoin than MicroStrategy. Who would have thought it possible just a year ago?
So, suffice it to say that the demand for spot BTC ETFs is robust and many people have taken the opportunity to buy one or more of these ETFs.
Would you consider individuals who just invest in the spot BTC ETFs as members of your tribe? Or you would think that they have wasted their opportunity to own some actual Bitcoin? How about people who buy both Bitcoin and spot ETFs?
No, they're different. They're a better short term value for people who need to store fiat. That's a perfectly valid use case.
Like it or not, a lot of people have fiat-denominated obligations that they need to be able to reliably pay. The volatility of BTC relative to their fiat currencies is expensive to deal with.
I personally (not sn) contributed 800k to the sponsorship satsraiser through @anon. Not bad stackers!
I think this is a great question, I would love to see such a write up.
Here's my limited understanding of how each of these stack up. Maybe someone who knows better can help fill in the gaps or correct my mistakes:
Nostr
Synonym
Bluesky/TBD
The obvious (at least to me) step, in terms of compatibility or interoperability, would be for the projects to agree on the nature of the public/private key pair. I'm not sure if they all use the same spec currently, but if they did, I would think it would be trivial to move from one protocol to the next because the public key can be used as a bridge.
i think it’s the same general framework that makes other forms of content, or even entire businesses, great.
VRIN is a helpful mnemonic and framework for understanding the sources of “great” content.
The key questions to ask are:
For those interested, here is a paper explaining the framework in detail.
ᕦ(ò_óˇ)Day 2 of exercising everyday before the saloon opensI went to the calisthenics park without much of a plan. My goal was just to keep it easy since this is just day 2.
When I arrived, I decided I'll start with 10 counter push-ups, 10 squats, about 10 lunges (just lunged across the width of the park which is about 5m and back) and 10 inverted rows.
I then did this 2 more times. I already struggled with the push-ups and rows on my first set but I kept trying as good as I can without getting too sloppy.
Then I wanted to do some knee raises since I like this exercise.
Did 10 and then I felt like maybe this was too much now.
Back home I just sat down for a while since I struggled with the stairs to my apartment at the fourth floor. Had to take a break.
I think tomorrow I'll sure just go for a walk, lol
The inevitability of bitcoin is despite statist leaders, not because of them. State leaders can make it happen faster, just like centralized companies can, and that is appealing to one's high time preference. But the slow organic growth of bitcoin is what makes it strong and unstoppable.
Losing bitcoin IOUs to a cefi scam.
Losing a lot of fiat to comply with certain regulations turned me Ancap / agorist and even more of a bitcoiner.
Hey, we are following on the topic with @ek and some other guys
If anyone of you is interested in building a bitcoin native prediction market or help delphi develop, please comment or dm me somewhere. We're setting up small group to discuss technology and design, and to see if some working team can be formed around the project.
@gunson @ek @Natalia @TonyGiorgio @elvismercury @siggy47 @carlosfandango @orthwyrm @TNStacker @MaxAWebster @grayruby @erict875 @BaronHoL @satoshiplanet @pillar @Krv @Undisciplined @nemo @WeAreAllSatoshi
I don't think there is a right or wrong answer, I think the debate we having sucks because neither of us can prove the case, governments have a monopoly on money, and where the money goes until we have competition for setups. So I could make the greatest case for no free services but its all pie in the sky since we can't run it in practice, the fact that we don't have that optionality to me is already an issue, and limiting of freedoms
Nothing is free, you're either paying for it through taxes or inflation, and I think that governments don't NEED to be the distributor of income, it can be done better by people now that we have better money.
I would love to see different countries, states/provinces, regions, and even towns having variations of this and see what works best for different scales. For example a small town, people could have a monthly payment for IE firefighting services, whereas a big city taxes are a better option
Small towns can have treasuries, from bonds issued on a local level to pay for certain things the town needs like roads, since the money is managed and collected locally, you know whose house you need to knock on if funds aren't going where they should.
Once your towns infrastructure is based on the towns ability to generate income, there will be far less mooching and you'll see how cheap these services should actually be
Erik Voorhees at the Bitcoin 2013 Conference: The Role of Bitcoin as Money
@k00b @kr @ek I got notified saying that ~culture and ~AI had been transferred to me. I've just checked and they haven't, but it did highlight a potential problem. If someone transfers you a territory should there be an accept or reject option on that, if you reject it goes to archived? Just to prevent anyone from accidentally getting billed for territories that have been erroneously assigned to them.
Working on route finding algorithms with LDK but more importantly quantifying it with real world data collected through probing.
This is the Bugle, the Bitcoin standard of news
I went to bed early because I had to wake up early today, but my friend took this from his balcony last night at around midnight. Pic taken from Vancouver BC.
https://m.stacker.news/30455
I've ordered some takeout and will camp out in my hotel room until I finish my "Why you shouldn't use Stacker News" talk.
I might sneak out for @supertestnet's spacechains workshop.
Then hopefully I've gotten far enough on the talk that I can go out and party.