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Oh shit, my receiving wallet hasn't worked for a while either. Thanks for reminding me, I need to remove that. I removed Alby Hub from my node because I was fed up with all the problems it was causing.
I tried insanely hard to hook everything up. I even made multiple posts on SN asking for help and clarification. I could never successfully set up the spending side.
This was soon after SN rolled out CC's and all. So, I suppose I need to try again because I'm sure things have improved since then. Sounds like a good weekend project.
Yup. This is why "spending the weak money first" is a losing narrative.
Store of Value narratives will only get us so far. They won't save the world from fiat, and they won't bring Bitcoin to the heights Jeff Booth and Saylor talk about.
The only way to get to the next stage of adoption is to move on from the SoV, NGU phase and into the phase where we aggressively attack the fiat system.
Most people don't understand how any payment rails work.
Do you think understanding the inner workings of Visa should be a prerequisite to using a Visa card?
We need to stop focusing on winning people over through narratives about Bitcoin and Lightning and start SHOWING the world that "it works" by USING it. Unfortunately, even so-called "Bitcoin companies" are still using fiat primarily. They aren't "opting out", they're pretending to.
When companies refuse to accept fiat payments, opting for Bitcoin only, the people will quickly learn how to use LN without having to understand anything about it.
What's the point in teaching people about systems that no one is using? If SoV and NGU is what 99% of you are here for, then what problem is LN even solving?
The normies don't need to learn about it. They need someone to lead by example, which is certainly not coming from the Bitcoin community, so I'm not sure where it's going to start from.
I think it's something that we must force and rush.
Fiat is destroying the world. We have a moral imperative to act fast.
Revolutions of this magnitude in history required bloodshed, and you're worried about us giving out some Sats to a few cheaters? Fuck that. Let the cheaters cheat. We have bigger things to worry about (such as toppling the fiat system).
Your brain is a neural network.
There are many components of human biology which makes it very unique to "be" human.
But the part of being human which deals with creativity, pattern recognition, and story telling (which are the parts behind writing sermons) are not very different from machine AI.
Besides, if you believe you were created by an even more powerful intelligence, how aren't you an AI yourself?
Stablecoins aren't permissionless
I agree.
But even Bitcoiners are using fiat more often than they use Bitcoin. They aren't making a big deal about using permissioned money, so why would anyone else? Especially when that permissioned money is even faster/cheaper to transact with.
Without land, you're a serf.
And with land, it gets taken.
Or at the very least, you get told you can continue to call it "yours" as long you pay homage or taxes.
What the hell does "land ownership" even mean, at a fundamental level?
That is funny. I'm arrogant about my ignorance.
The only thing we can be sure of is that we can't be sure of anything.
Do you face all of your problems by inventing supernatural stories?
Sure, people do this. But it shouldn't be accepted and embraced by an advanced society. It's a mass delusion. Such things usually lead to negative outcomes, eventually.
Case in point: the worst atrocities in history usually had a religious motive.
Just because something makes us feel better, doesn't have any impact on its veracity.
I'm not certain, but I can speculate.
I think we lost something very important in the aftermath of the Blocksize War. I think a lot of momentum was lost there. I think many Bitcoiners underestimate how many great minds and members of the community stayed on the BCH-train TO THIS DAY.
These are people who would be the voice for Bitcoin as MoE, instead of only Gold 2.0.
I think Roger Ver has a lot of good points about Bitcoin losing important MoE momentum, giving fiat-based digital payments time to catch up (CashApp, Zelle, etc...).
We lost a lot of good people, who no longer support the cause.
I fear we could face a similar situation if we lose guys like Mechanic because of the Knots stuff.
Honestly, there's way more I'd like to go into in order to answer your question. I'm just spitballin' off the top of my head in a very tired state tonight. This would be a good discussion topic for a whole new post, maybe.
or is it bitcoin itself that's broken?
Bitcoin is not threatening the fiat system in any tangible way. Therefore, Bitcoin (more accurately humans using Bitcoin) is broken. Period.
If I simply wanted to store value across time/space, I could just buy gold.
The world doesn't need Gold 2.0. It needs a replacement for fiat. When the Bitcoin community forgot about that goal, and embraced NGU nonsense, Bitcoin broke.
This was always about shutting down energy production in western countries
The best deceits are shrouded in truth. While I agree there has been a large psy-op here, there is also a lot of reality in it. The science of it is not very complicated.
Denying climate change is a lot like denying evolution. It's a lot like being a flat-earther. The science isn't complicated for these things. The deniers are so ignorant and under-educated, fueling conspiracy theories and group-think.
There is a massive, "illuminati" psy-op, using climate change as the boogie man. Climate change is a serious problem humanity will eventually have to face. Both can be true at the same time.
Yup. I completely agree.
What's sad is, we are talking about the influencers. The people who are supposedly the "real", "hardcore" Bitcoiners. They talk about the evils of fiat, but do nothing to stop it.
I used to love watching Simply Bitcoin. But now I can't stand the hypocrisy.
Would you consider it "destroying capital" for an individual to take out the maximum loan possible to buy a huge house during times of extremely low interest rates?
I see it as a very similar concept. If a company has the ability to issue shares in order to buy Bitcoin, they should, even if they are cash-flow negative. It's the broken system that even allows such a thing to happen.
Shit, as long as we're living in a fiat-denominated world, I'm not sure that I even acknowledge the concept of "destroying capital" as a real thing. It's all manipulated. Winners and losers are chosen arbitrarily. There is no such thing as "capital" in such a system at all.
So what's wrong with a company taking advantage of such a broken system?
"Real economics" already stopped being relevant the second we allowed a central bank into the U.S.
That is a tension the Bitcoin ecosystem will need to resolve ...
It's simple. The more of us who only accept Sats to settle B2B receipts, the easier it gets for other companies to justify holding Sats, even through rough times.
Every time a Bitcoiner goes out of their way to support a Bitcoin-only business, they reinforce the idea that Bitcoin deserves to have "sustained institutional respect".
As long as the Bitcoin community continues to use fiat (cuz muh convenience, bro), there will be "repeated boom/bust cycles driven by flashy but unsustainable plays".
The tension you speak of will not be resolved until the community itself decides to be pioneers and revolutionists. After all, if we can't even do it, I think it's safe to say the rest of the world will never do it either, and this is the most bearish thing for Bitcoin I can think of.
I completely agree with you.
I'm just trying to swing the pendulum back to the middle. Among Bitcoin holders, there is a serious complacency about how important the MoE side of the equation is. They talk about "opting out" of fiat, but aren't doing so in all.
Hodling Bitcoin is "opting out" of gold, real estate, equities. It is NOT opting out of fiat.
It really has to be both, but the common SoV narratives have given us a reason to be complacent and lazy about truly opting out of the fiat system.