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21 sats \ 3 replies \ @standard_sats 1h \ parent \ on: Escrows AGORA
We don't have VCs $$$ to maintain OS agnostic wallets. Besides, Valet ♦️ is only on FDroid due to Googles KYC policy.
Simply put, "Bitcoiners should lead by example". It doesn't have to just be Bitcoiners who own companies. Even Bitcoiners who are employed by a firm or are self-employed should start asking for paychecks in Bitcoin.
Imagine if every Bitcoiner were like Russel Okung from the NFL.
I love the idea of "charging a fiat premium".
I have a weird personal inclination that, as the Bitcoin fiat value continues to increase, it might push people to draw back on spending Bitcoin. And we may not hit a full Bitcoin Standard if people do not readily spend Bitcoin for things.
And for countries, I think the most they'd do is to make Bitcoin a reserve asset. Going Bitcoin Standard for countries will mean that "Politicians will no longer print money with their friends,". I doubt if they'll ever give that up.
That is why we are building Valet, a self-custodial Bitcoin/Lightning wallet designed to work in the remotest of areas, and can work on very old Android devices.
This enables just about anyone who can lay their hands on any smartphone to access Bitcoin from almost anywhere in the world.
And yeah, valet simplified user experience, making Bitcoin usage very simple, even setting up self-custodial Lightning channels.
Check out Valet here: https://github.com/standardsats/valet.
Learn more: www.valet.finance
I honestly tried to figure this out but they have the only contract on Ethereum which bridges XLM tokens so I don't buy it.
I'm reading all of the report tonight.
Anyone with foresight should know that Hal most likely predicted the most accurate future of Bitcoin in one of his comments in the Bitcoin Forum back in the day when he said something about Banks issuing Bitcoin-backed currencies.
Great job, Eric!!
....and religion almost always ends up with some sort of toxic fanaticism, or say "extremism"
Is it really a good thing or is it bad? Can it possibly cause a stall in Bitcoin adoption?
If you looked at the tail end of his post, you'll see that he said "Get Triggered."
Bro knows what he's doing, except he doesn't understand Bitcoin, which I doubt is the case..
Lol
The first question is, "What could actually be this evil person's bad intentions, and how would they achieve them by just owning many Bitcoins?"
Then the next thing to ask is, "Has anyone ever once considered the personality of the individual who invented electricity? How about the young brothers who flew the first aeroplanes, and a host of other incredible inventions that have changed and improved human life?
How many times have we worried about their personalities? But humans have been using their inventions to improve our lives for several years now.
Satoshi gave the world an incredible solution to the money problem that has forever plagued the human race through wars and chaos funded by the fiat standard. I bet the least thing to be worried about is who he is.
The beautiful thing about Bitcoin is that Satoshi does not have control over the core Bitcoin protocol anymore. So even if he's some daredevil, he's as neutral as anyone who chooses to own Bitcoin today and in years to come.
His stash of Bitcoins also doesn't necessarily change anything, cos there are people who are way richer than he is. So, we could as well assume that these rich folks might have bad future intentions for the amount of wealth they control?
Satoshi's Bitcoin stash is also as good as useless because, except that he has now chosen to reveal himself, he would hardly be able to spend his Bitcoins without drawing such massive attention that it would possibly help reveal who he is.
An Unpopular Opinion:
I personally do hope that Satoshi reveals himself someday. The concerns about the possibility that he's some evil person have placed a weird gag on the adoption of Bitcoin. I would hope that he reveals himself so that Bitcoin will stand on its own without the fear of some possible evil person being behind it.
Albeit this does not matter now to the average person who has an in-depth understanding of what Bitcoin is, it has some subtle effect on the rate of Bitcoin adoption. So, I'd love that wave of uncertainty and doubt to be overcome by Bitcoin (cos I know it will overcome it). When Bitcoin eventually survives the shock that'd come with the reveal, no matter the personality of the creator, then it'd become completely undisputable, and would rapidly become the world's accepted money standard
We have built fiat channels very early. In the end of 2021. Galoy released their product around the same date.
Ecash dollars may exist pretty much similarly and may do even benefit from proof of reserve schemes. But overall Fiat channels was the best tech because it just worked on LN, that's it.