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19 sats \ 1 reply \ @SpaceHodler 30 Mar \ on: The World is Healing: The Young Leaning Right (New York Post, Robby Soave) Politics_And_Law
At age 25 I was a classical liberal.
At age 35 I was an ancap.
If BTC price dumps to $1 those who are all in on it won't be able to spend their time as they like.
Those with one foot in the fiat world will be much better positioned.
Anyway, I'll be filling out $5 online surveys to buy as much BTC as I can.
We probably could live at a high 1930’s standard with only 15 hours of work per week per household. However, human wants are unlimited, so we work more to live at a previously unimaginable standard instead.
I don't really understand that. When I was working full-time I wanted reduced hours so badly. Time has always been precious to me.
Perhaps those who work more than they have to only to buy more consumption goods don't have anything better to do.
Discovering Bitcoin has changed this balance for me towards taking on more work, because now at last I have something to work for other than survival. Before I discovered it, I would have worked 5 hours a week had that paid my bills, because free time was the only thing I wanted, as long as my survival need was met.
🤷♂️
Ryan Cohen recently had a chat with Michael Saylor, so the possibility he's been orange pilled (the corporate, Saylor way) cannot be ruled out.
They're sitting on $4.6B in cash, but the announcement is for raising funds through convertible bonds.
Interesting times.
According to Wikipedia:
The term was introduced by Andrej Karpathy in February 2025 and listed in the Merriam-Webster Dictionary the following month as a "slang & trending" noun.
I first heard it today, and it wasn't on SN, but in an email from DeepLearning.ai.
Good people don't get voted in.
Why would you vote for someone who is not a narcissistic or sociopathic manipulator and therefore hasn't manipulated you into voting for them?
How could someone who plays by the rules win against competition that won't think twice before hitting below the belt, backstabbing and pushing them off the cliff?
That's good to know, but I've heard Revolut sometimes closes the accounts of customers trading p2p. I don't want to lose my Revolut (or Wise) account, I get some fiat freelancing income in those from overseas clients, which with a traditional bank account would be more costly.
I didn't know the GBP was that common on there.
I think of the UK populace as one that's not particularly interested in freedom. That said, I dispose of my GBP on Kraken myself, because I don't want to lose my bank accounts and because of the low liquidity on Robosats.
I've bought corn on some no-KYC Swiss exchanges via SEPA transfers, but those still reveal the name and registered address on the depositor's bank account.
The same is true with Robosats, it's just that the entity that sees the account details is the peer, which can be different each time.
If the dollar hyperinflates, but still works, I'll be able to sell my sats for many dollars.
And if it ceases to work altogether, they will have to accept something else for their products and services, something that actually works, and bitcoin is the most obvious choice.
all of us frogs slowly boil until we die
Why us? We have bitcoin.
It's the nocoiners that will slowly boil.
how will they prevent terrorists and child traffickers in Africa from using dollar stablecoins to conduct nefarioius activities?
Why would they? They don't give a hoot about that.
Unless the narrative serves their interest, which in this case is doesn't, because dollarizing the world is a bigger interest to serve than control through AML/KYC.
I wish I could, but it would make travel impossible and I don't want to be more grounded than I already am.
I don't know which one is the strangest, but I used to do long bike trips, and here are some candidates:
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In a tunnel under construction in the middle of a Swiss mountain. I put a yoga mat on the road and slept on it. The tunnel was lit, but it was closed to traffic. There was a lot of water dripping from the ceiling.
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In a toilet cubicle in the bathroom of a hostel that wouldn't let me stay
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In bus shelters
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in the middle of a roundabout somewhere in northern Italy. It was midnight and I was tired and didn't have the time to look for anything better.
THE WHOLE POINT OF USING BITCOIN IS TO GET RID OF ALL FIAT RAMPS, NOT TO STILL USE THEM.
And the easier it is to spend, the closer we are to that goal.
We've come a long way over those 15 years, but we still have a long way to go.
The ability to spend sats easily, even if the merchant you're paying gets fiat through an automatic conversion, makes sats more desirable and incentivizes merchants to accept them.
Fiat sucks, but most of the economy is fiat-based.
We can integrate with the existing economy and unleash the world's economic energy onto Bitcoin, or we can build a separate, isolated economy for nerds and "paranoid crypto anarchists" where all you can buy is anonymous eSIMs and VPN subscriptions.
Gift cards such as those offered by TBC and Bitrefill are fiat too, because the issuer sells them for fiat.
The same with Travala, the airline still gets fiat.
The merchant, even if they accept BTC directly, can always sell it for fiat and will if they want to. It's none of my business what they do with it. But if I can pay them in BTC, that's adoption, whatever they end up doing with it.