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@softglitter2d
168,852 sats stacked
stacking since: #12393longest cowboy streak: 46npub1pps3g...rjhsnz4je6
16 sats \ 0 replies \ @softglitter2d 3h \ on: Could any form of “tokenization” make sense? AskSN
Tokenization, as we know it today, has more of a legal utility within our system.
At the international level, the law recognizes three types of tokens: a token (like a casino chip), which has a specific use; a token (like a bank PIN), which serves as an access credential; and tokens that hold economic value, which are referred to as digital assets.
Regarding the example mentioned, the OP has a point—tokenization today primarily serves to guarantee the immutability of a contract or object in the real world, preventing duplication of the object to be audited or verified. However, returning to the main point, these objects must be backed by a legal contract to facilitate legal processes.
I’m not against tokenization, but I don’t see much usability today unless the legal frameworks are adapted to support its use.
✅ Set clear rules: “If a house drops to 1 BTC or less, I’ll buy (sell BTC).”
This is a good advice, most people still saving in bitcoin but purchasing with fiat mentality. It's easier to rebrand our thinking to spend less and save more with this. Good one sir.
The personal filter works everytime I go to a library. This is how I work:
Step 1: Beginning the year, I come with four types of lectures I want to pursue:
- something I already know (say bitcoin or politics),
- something I know I don't know (say bitcoin programming or financial politics),
- something I don't know at all (physics, soft skills, etc)
- something for fun (last year I started to read sci-fi)
Step 2: The book I'll choose must fall into those categories and most important is to look my bookshelf and see if I'm currently reading something of that matter. For instance, say I found Bitcoin Standard by Saif but I'm currently reading Knut's books; my goal is to first finish what I started and then proceed to buy the next one. otherwise, I'll turn into a book buyer without any meaning.
Step 3: Is it worth? I mean, do you really need the book now? Can you wait more to buy it?
In that way, I pursue myself to not only buy book but also finish it.
And it’s not difficult to run a node
RIGHT? It's easier than people think. And when you start making tests with the scripts, you feel the power. Create a raw transaction for yourself, you feel the energy itself.
Your wants are aligned with the block demand and the current supply. Bitcoin gives you the chance to work honestly, broadcast a transaction, earn sats and help to improve the hashrate, giving us non-miners more security.
But question: how many Bitaxes do you consider enough to start making a difference? Meaning from an experiment to something serious.
DIY is great, but I don't think it would ever be mainstream.
Long time ago, Darth once told me that we should use the power of custodial to attract more people to the system, get them to know and them BAM! you catch them because, going down in the rabbit hole, that's gonna happen.
This is just me but I never met (until today) a bitcoiner (maxi or not) that started with custodial and kept it with something related to that. Most people that take their economy by their own hands, ends with HW (Trezor, Ledger, etc) or self-custodial wallets.
So, IDK..mainstream? maybe not but mainstream for graduate your bitcoin class (aka take the orange pill)? It's something that I had in my head for a long time.
I would also like to add one more sir:
L253 - Salvadoran debate about the first 3 years of bitcoin implementation https://fountain.fm/episode/AvXVNhnUZLl5LjFXsxQn
Also, some remarks about those journeys and this last one.
Salvadorans themselves openly say that the government improvised the entire operational plan from start to finish.
✏️ Bukele found in Bitcoin a tool to avoid negotiating with the IMF, and the IMF simply waited for the right moment and, with two words, shut down a legal game that should never have existed. Bitcoin grows through use, not through force.
✏️ They introduced a currency to a population without digitalization, and the little digital knowledge that existed mimicked the usual model — people wanted to convert their satoshis to USD. At what point did they think it was a good idea to tell a population without resources and highly volatile in economic terms to save 30 USD a month?
🧐 Politicization is inevitable. Today, if you say El Salvador, it's no longer associated with the maras M13, but with Bukele or Bitcoin. This speeds up political reactions and makes many actors equate Bitcoin with a tyrannical ruler like Bukele.
🫡 For Bitcoin to work, it depends on one thing we do at Stacker and others places: education, and showing people the brutal advantages of using Lightning Network or Bitcoin, not through some lousy law.
Thank you @lunaticoin for your content
10 sats \ 0 replies \ @softglitter2d OP 11 Mar \ parent \ on: Strategic Scamming to bitcoiners bitcoin
The BIS is just like the UN in the sense that it's another avenue through which the US/Fed can implement global policy.
Yes, one of their arms is IMF which implement dollarization policies. Argentina, El Salvador and other countries in south follow these policies but all them lead us to the biggest: BIS/Federal Reserve.
Now...about the title, it's my way to make fun of bitcoiners who bought sats just because they had some hopes for Trump.