{"content":"still mind blowing to me that my lightning node sends me cryptographically verifiable receipts of cytographically verifiable transfers on a decentralized L2 network of computers that are on top of a cryptographically verifiable ledger built on exahashes of proof of work.\n\nwtf is even happening","id":"e4256c976592daa5c723b449c47984347f3e8eeb77be7b6a96e7e10699555a0f","created_at":1731805364,"tags":[],"pubkey":"32e1827635450ebb3c5a7d12c1f8e7b2b514439ac10a67eef3d9fd9c5c68e245","sig":"c3e79301a3fcf51f026b373244c337cd9eb91322b9e69a9f450791e485b5cbbe36bcabd3775913a8f55f4d80833f56f71807b4ae58debd01f0a7a620034778d0","kind":1}
I believe this because I choose to believe it
And also because of the pikachu
I believe this because I choose to believe it
And also because of the pikachu
What is the line for “real” vs “not real” decentralization?
I always understood it as a system has to be decentralized “enough” to overcome censorship, system failures, etc. That’s mostly impossible to quantify until the system is put under pressure in a real world scenario… but it is possible to identify systems which by design are not decentralized.
2019. And i’m waiting to see what happens when their B corp runs out of cash. 😉
I think the premium reflects the markets belief that he will continue to increase Btc per share
I think the premium reflects the markets belief that he will continue to increase Btc per share
Sounds like there could be a business opportunity in your area, selling coffee an sandwiches and accept lightning payments
“Implying value from a quantity measure is not the best, but that was all we ever had before #bitcoin”
Just because there is a quantity of something does not infer a value—value is derived from what two parties determine it to be, regardless of quantity issued. You don’t exchange EUR for JPY based on your own knowledge of how much of each currency is in circulation. Currencies have relative values between each issuer based on rates, inflation, liquidity, credit, purchasing power, ease of exchange/arbitrage, and most recent traded exchange rates, quantity of the currency issued has impact to all of these and is important
However with #bitcoin we now not only have the ability to measure #fiat money and currencies vs. a limited supply (which reaches back to quantity,) but also as an improved sovereign control of value, uncensorable, anonymity, fungibility, less financial friction and inefficiencies
Yes, many people use quantity as the measure, but reiterating the point it is not the only way as before; #bitcoin ‘s other features have value, too. Over time (years? decades? centuries?) as #bitcoin settles as the standard and #fiat is measure in #bitcoin, then we might have good methods to quantify each contributing aspects’ value
“Implying value from a quantity measure is not the best, but that was all we ever had before #bitcoin”
Just because there is a quantity of something does not infer a value—value is derived from what two parties determine it to be, regardless of quantity issued. You don’t exchange EUR for JPY based on your own knowledge of how much of each currency is in circulation. Currencies have relative values between each issuer based on rates, inflation, liquidity, credit, purchasing power, ease of exchange/arbitrage, and most recent traded exchange rates, quantity of the currency issued has impact to all of these and is important
However with #bitcoin we now not only have the ability to measure #fiat money and currencies vs. a limited supply (which reaches back to quantity,) but also as an improved sovereign control of value, uncensorable, anonymity, fungibility, less financial friction and inefficiencies
Yes, many people use quantity as the measure, but reiterating the point it is not the only way as before; #bitcoin ‘s other features have value, too. Over time (years? decades? centuries?) as #bitcoin settles as the standard and #fiat is measure in #bitcoin, then we might have good methods to quantify each contributing aspects’ value
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Imagine what can be built on that…
We are winning #Bitcoin
We are winning #Bitcoin
$90,310.63 / #bitcoin
≅ ₱5,305,230.57
🔴 0.43% ≅ ₱23,031.91
$90,310.63 / #bitcoin
≅ ₱5,305,230.57
🔴 0.43% ≅ ₱23,031.91
The future … future … future …