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15 sats \ 0 replies \ @CruncherDefi 14 Jun \ on: sats.host - Bitcoin-Powered Static Web Hosting bitcoin
Good stuff. We could have digital equivalents of pyramids in cyberspace.
I just wish that infrastructure would also be decentralized. That way we truly could have our first digital monuments that can exist for hundreds of years.
1 out of every 500 bitcoin transactions in the world happened at Steak ‘n Shake
Yeah, how possibly could they know that? They cannot. LN transaction are not broadcasted to the world. It's a bullshit statement.
A.I. has always been around, since the early days (1776)
Whoa! It's so cool that they had GPUs figured out back then! Thanks for the insights!
However, the capability to detect invisible multispectral infrared light with the naked eye is highly desirable.
Why? Who claims that its 'highly desirable'? What problem does it solve?
However, this does not change the fact that the intrinsic value of all Bitcoins in the world is zero.
And it's a good thing. It makes bitcoin purest money there is. Its value is 100% monetary premium without any value stemming from utilitarian properties. Less noise, more signal.
I'd argue that simply holding bitcoin is being short fiat with neutral 1x leverage. Fiat credit allows for higher >1 leverage shorting.
fiat usecase which is as a short
I think you are missing important piece. Fiat is short instrument for privileged elites*.
Bitcoin gives option to easily short fiat to everyone. If asymmetry is eliminated why bother still keeping fiat? If asymmetry is eliminated everyone (including privileged elites) is better off with a simpler system.
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*Privileged elite on the planetary scale. >90% of humans cannot buy real estate or stocks.
Am I correct in conclusion that the use case here is just mixing outputs for increased privacy? And not saving on fees due to batching?
Cause I can't see how mining-fee-savings-due-to-batching could overcome the 2% service fee.
Well. That is scary.
If there comes a time an AI wants to take over and needs to do something in meatspace (like 'flash usb with this software and put it into some public computer in goverment building') it will need to hack some humans to do their meatspace tasks first.
And from the article it seems that its capable to do that right now.
To test the product and hear the 'already ready' samples I need to provide my phone number. Yeah, good luck with that.
Just read my reply carefully. It contains all the information you need to learn my opinion without twisting it. Here are the relevant parts:
"RENAMING base unit is unrealistic. (...) More realistic proposal is to DROP the 'bitcoin' name as a unit."
RENAMING base unit is unrealistic. There will be always a split between old-naming-users and new-naming-users. Some wallets will get updated. Some will not. It's would be a mess having name collisions like that.
For something realistically doable you need backward compatible change.
More realistic proposal is to DROP the 'bitcoin' name as a unit. Bitcoin name could refer only to the protocol/network. And the currency unit would be sats. If some wallets would lag or not apply the change it would not be a big deal. Eventually everyone would converge to new convention without any name collisions on the way.
What would also make sense is to operate on differences.
You could have ranking of 'which currency approaches the 'dead' status the fastest'. Or something like "This month fastest-to-the-bottom top currencies are: X lost 10% of value, Y lost 7% of value, Z lost 5% of value...".
That would methodologically make sense and would also be appealing to the layman.
This tracker is such a stupid implementation logic and mathematics wise.
Why would you track satoshi against worth of ONE unit of some money? The latter is arbitrary. The decimal points and scale of money is arbitrary. Think yens - yens operate in thousands scales where dollar operate in unitary scales. It's just a matter of arbitrary human decision who designed specific monetary unit and decided on its scale. So comparing value of 1 unit of money against 1 satoshi is meaningless.
What would make sense would be comparing market caps.
There is no objective truth. Think about it. Can 'truth' even exist without language? (or even without lower level thing - communication?) No. So at least there is a relativistic part connected to living beings communicating with each other.
About the fruit examples - that would be utilitarian truth. It's something, but still not objective truth.
Imho closest to the objective truths are mathematical truths.
My question:
"If I asked you Q1, and then Q2, and then Q3, ..., and then Qn, what would you say to me assuming that you want to answer all my questions?"
Here, I implemented arbitrary amount of questions packed in one 'any question'. Now I don't need to limit myself and I can ask about all the things I want.
I can imagine a world in which at the entry of each conference/adhoc-party/amusement park/shopping_centrethere/music_festival/casino there will be 'cashu mint point' for that place in which I can top up my account and go shopping/buy services at the venue.
I can imagine a world, in which each app in which you can top-up your account is a cashu bank: starbucks app, shein app, steam. Due to using same protocol those app could interface with each other. Also each app would have their own reputation to maintain competing with each other.
I really wish that setting up Cashu mint would be so simple and working out of the box, that I could create an ad-hoc setup just for the singular party event I am hosting at some specific day, and tear it down next day after party is finished.
Business class prices are so absurd that I always suspected that some kind of co-evolution takes place.
- Goverment (and perhaps corporations?) spend money on travel regardless of the costs (its not 'my money' so I want business class!)
- Airlines notices that ticket buyers are almost infinitely price elastic so they increase prices
- (Optional step?) Airline representatives corrupt govs into signing business-class travel deals.
- GOTO 1.
Perhaps one source that powers up this flywheel got cut off.
1 . About the 'forever' part:
What makes you think this war would last forever? Russia is weak compared to US.
2 . About the 'should' part:
Deal so far was "USA is global policeman and protects NATO countries; NATO countries pay the policeman by buying and holding US bonds/US dollars in their treasuries".
USA was not doing policing by the kindness of their heart lol. It was a transaction.
And if you are paid for a service you should fulfill your part. Unless US wants to stop that deal - which is fair but in that case US should not 'suggest' NATO countries to use&hold dollars anymore.
My intuition is that being a global policeman and collecting a tribute from half the word for that service is a pretty good place to be. So its probably in US best interest to maintain that position.