Me: the Bitcoin protocol stands as the most secure computer network globally.
What excites me is the unforeseen future applications that will be developed on top of it.
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293 sats \ 3 replies \ @k00b 29 Oct 2023
We were discussing it in the Broken Money Book Club Part 2, but bitcoin is the purest form of money that's ever been created. That is, it is the closest thing we've had to an ideal form of money.
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10 sats \ 2 replies \ @bitcoin_rationalist OP 29 Oct 2023
What’s crazy to think is that a fraction of 1% of the global population even realizes this yet…
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11 sats \ 1 reply \ @k00b 29 Oct 2023
I'm not sure they ever will even after they're all using bitcoin tbh. When we were on the gold standard most people probably didn't appreciate the properties of gold.
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0 sats \ 0 replies \ @shyfire 29 Oct 2023
Prudent take
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65 sats \ 1 reply \ @Athena_Alpha 29 Oct 2023
There are dozens of reasons, but the most important one that most people ignore is the network effect.
Like thinking exponentially, people naturally don't normally comprehend just how incredibly important it is. It's why no one uses anything but the telephone network or the Internet network or the electricity network. It's why Facebook is worth billions or why it's so hard (near impossible) to drag people away from WhatsApp despite all their issues.
No one tries to "start a new electricity network" because it'd be just demented and fail. But people gloss over the fact that Bitcoin is the clear leader in the monetary network world. It will absolutely outpace the USD network soon and afterwards it'll be just as demented to create a new monetary network when every man, woman and child uses Bitcoins monetary network.
People also don't realise that unlike with other networks, monetary networks only allow you to be in 1 of them. You can be on both Twitter and Facebook. You can't store $100 in USD and Bitcoin simultaneously, you must choose. This just further amplifies the network effect.
It will take decades to fully engulf billions as networks take many years to build, but once they have you, it's near impossible to let go. And unlike WhatsApp or other networks that people actively remove themselves from due to their negative impacts, Bitcoin is near heaven when it comes to money. No carrying coats. Near perfect ownership rights. Pure freedom to transact. Amazing privacy. No debasement ever again. No one is EVER going to want to leave just like no one ever wants to leave the Internet or electricity networks
Many of us at Athena Alpha hail from Telecom Network Engineering. We know networks. We've built them. In 30 years every man, woman and child will have Bitcoin integrated into every facet of their lives just like we have today with electricity. People think they're bullish saying it'll go to $100k. They have no idea how powerful networks are....
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10 sats \ 0 replies \ @bitcoin_rationalist OP 29 Oct 2023
Brilliant answer
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260 sats \ 1 reply \ @elvismercury 29 Oct 2023
The ecosystem, which keeps growing despite both external and internal headwinds.
- the experimentation around tech that can support new types of btc-centric institutions, e.g., Fedimint, Liquid
- all the stuff going on in lightning, e.g., new and creative ways to do self-custody, ways to use lightning for new business models like SN
- forward-looking companies like Block, Spiral, Blockstream producing frameworks that make development way easier
- the re-emergence of actually smart and thoughtful people into the culture (e.g., Lyn Alden, the btc philosophers) after years of reactionary idiocy; this means that when circumstances render normies susceptible to the btc message, there will be things for them to read / wtach that won't sound insipid or unhinged
- a near-perfect storm of bad shit over the last couple years, and somehow the US govt has not declared total war on it, giving all these developments time to grow
Until recently, the price has been in the toilet and the news in the mainstream media has been unilaterally terrible; and yet under the surface great things have been steadily unfolding.
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0 sats \ 0 replies \ @bitcoin_rationalist OP 29 Oct 2023
👏 👏
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20 sats \ 1 reply \ @bzzzt 30 Oct 2023
I think the censorship resistance and ability to route around any attempts to stop it are starting to really shine as we enter the 'now they fight you outright' phase. Not just the protocol but all of the tools and software built around bitcoin ...pretty incredible.
Fuck you money it truly is, fuck 'em
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40 sats \ 0 replies \ @bitcoin_rationalist OP 30 Oct 2023
❤️
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20 sats \ 0 replies \ @southside263 29 Oct 2023
better money and financial inclusion
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42 sats \ 2 replies \ @DarthCoin 29 Oct 2023
Bitcoin is the GOAT but... people are retarded.
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10 sats \ 0 replies \ @Zepasta 29 Oct 2023
Sooner or later they will eventually learn. Everyone gets Bitcoin at the price they deserve.
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0 sats \ 0 replies \ @bitcoin_rationalist OP 29 Oct 2023
True that
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20 sats \ 3 replies \ @spot 29 Oct 2023
Bitcoin can't be stopped.
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229 sats \ 2 replies \ @bitcoin_rationalist OP 29 Oct 2023
Can’t stop, won’t stop, tick tock, next block
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29 sats \ 1 reply \ @Bullen 29 Oct 2023
I could hear the song drop after that call out.
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9 sats \ 0 replies \ @bitcoin_rationalist OP 29 Oct 2023
🤣🤣
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