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30 sats \ 6 replies \ @sirstackalot 9 Jul \ parent \ on: Are Some Whales Abandoning Self Custody? bitcoin
Can you please ELI5?
Good point but I still don't get how they would use oil and not some oil derivative?
Heating, hot water etc. is done with diesel/gas/electricity. Not oil. No?
How is oil used for energy/electricity? I get coal and gas, but doesn't oil need to be refined into something else to become useful for energy production?
And what's the difference really between energy and electricity?
Syria's population is ~25 million, of which 2-3 million are Alawites. In hindsight it's clear that such a minority exerting rule violently over a much larger population wasn't sustainable
Beyond the fact that Bitcoin is used a store of value, the 'digital gold' narrative is flawed. Bitcoin (similarly to fiat) has no intrinsic value but derives its value from the people who hold and believe in it. It isn't useful without a network effect.
Money and thus bitcoin should be viewed as political activism. Politics in the sense of 'affairs of the cities' i.e. the public sphere.
Historically, rulers minted their own coins bearing their name and image when they came to power. Why? Because that was an expression of their authority. We're entering a post-imperial world in which the hegemon is the private individual. Bitcoin is valuable because it's an expression of that political power, whereas gold is valuable without any political application
Thanks. Submarine swaps seem interesting (I saw Alex bosworth post about it a couple of years back and it intrigued me but never delved into it). Looking forward to learning more...
Shoutout to @supertestnet who introduced me to LNbits. Been intrigued by the project ever since
Exercising free speech is only applicable in the public domain. If i enter your house you have the right to kick me out if I say something you don't like. Right? Twitter is basically Musk's property. It's his right to set the rules. Whether it's a productive business practice is another question.
He's the owner of twitter. He can censor who he wants. That's his expression of free speech. A third party censoring his platform is a violation of property rights
Ceasefire is doublespeak for hudna, which is exactly what Hamas wants and needs to regroup and resume their terrorism at some future point. In the words of Kissinger, America wants Israel to continue to bleed. A weakened Israel is good for the American empire.
36 sats \ 2 replies \ @sirstackalot 23 Aug 2024 \ parent \ on: Please consolidate your UTXOs bitcoin
Important question. I'm all for discarding the ordinals garbage from my local copy of the blockchain