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There's three camps: idiots and scammers who think art can be tokenized, people who acknowledge ordinals don't violate the protocol rules and therefore further discussion is irrelevant, and idiots who think they can do something to stop camp 1

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I've been thinking the same thing. I haven't thought it all through yet but there is strength in numbers. If they do attempt this path it is important to remember other examples of peaceful disobedience that have worked before.

The first one that comes to mind is home schooling. It was once illegal in most US states but so many parents did it that the state slowly "legalized it".

My wifes friend mentioned something about bitcoin being dead :)

In a couple of months my friends and family will start calling me a genius, and then a year or two later i'll go back to being a retard.

And the cycle continues......Cant make this stuff up folks.

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The rewards lately have been unbelievable

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Whatever. I don't care. It's am awesome wallet and works just fine for me. Not like I'm putting my family' saving on it.

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Simple 2-of-3 multisig hidden across different geographic locations I check regularly.

Each backup contains a paper copy of the seed, the HWW device (ColdCard Mk4), and the xPub quorum for all 3 keys. Backups are stored in waterproof, tamperproof bags and further enclosed in a plain manilla envelope.

It's tempting to do elaborate backup schemes the same way Voldemort hides his horcruxes, but simple is always best.

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Yep I was honoured to get a spanking. I was like “who’s this guy”?! 😂

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The concept of trade returning to silver/gold in a lights out scenario is rational, but unrealistic.

I think the order or priorities would be:

  • Canned food, dry food
  • Ammo
  • Access to hunting / fishing areas
  • Solar / Fuel sources
  • Arable Land
  • Cash / Gold / Silver

By the time local economies have sprung up enough for trade to resume, yes Gold / Silver may make a big come back but that wouldn't happen until 6+ months in a total lights out scenario.

There are many other things that will become practically more important, like having the ability to fix / repair things. Knowing how to skin an animal, having reliable fuel sources, etc....

I'm not anti-gold and believe it may be logical to have a few thousand dollars worth as an emergency backup. However until you secured the first things on that list I wouldn't even bother...

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Buy Mullvad vouchers here using Lightning.

The fees will pass. Necessity breeds creativity.

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Super interesting perspective. Seems almost oxymoronic to think central banks holding bitcoin could be a thing, but I can relate to the greed/stupidity sentiment. It means things are anything but straightforward, and it results in plenty of oxymoronic realities, haha

Sadly, I think there will be a long phase of people thinking seed phrases are like passwords, but after a ton of bitcoin is lost, I think that's one of the few things that can't last. People will absolutely have to have SOME concept of keeping a crypto wallet secure before things can truly stabilize.

Personally, I think it will start with HWW / backup + PIN / backup + password / backup, and will end with multisig "savings" + lightning "checking", or people will just rely on lightning 100%

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Day 126 of snailposting everyday 'til BTC hits $100k.

__@_'-'

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In fact the amount of people that truly understand the cryptography of Bitcoin might be less than 20 people.

This is very very wrong. I have a lecture at my university called "Introduction to Cryptography" with almost 1000 students.

That's just one university and one year. And only the introduction course and only for computer scientists.

Each and every one of them could write down the cryptography of Bitcoin (Hashes, signatures, public key generation, prime number factorization, elliptic curves etc...) and the mathematics behind it with pen and paper.

Bitcoins cryptography isn't complicated. In fact, it is build on the very foundational building blocks of cryptography. The magic about Bitcoin also is in this very fact that it was build so elegantly on these classics.

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