pull down to refresh
@teemupleb
211,835 sats stacked
11 sats \ 1 reply \ @teemupleb 21 Aug \ parent \ on: When might we see the mass adoption? bitcoin
Depends of course how we measure “mass adoption”.
40-50% of the world population using bitcoin for living expenses daily would be quite massive as well.
It will be a large parallel economy, a force to be reckoned with.
When the noose of financial surveillance with KYC/AML gets so tight, and when separating “clean” coins from “tainted” coins becomes too impractical and ridiculous, normies will be pushed to Bitcoin circular economies.
THE MOST IMPORTANT THING I LEARNED AT OXFORD WAS THAT YOU CAN HAVE A PHD AND STILL BE AN IDIOT.
Love this quote
I think it’s still too much. I don’t carry 5% of my liquid net worth as physical cash in my wallet either. But to each their own.
Sounds like a lot. Then you have to be actively reading the updates to their terms of service etc. Losing 10% of the stack in the worst case scenario would hurt a lot.
That’s why you’d have the private keys and the multisig descriptor backed up in case the device doesn’t power up anymore.
Phones could work as part of a quick and dirty multisig to reduce access to funds, but I wouldn’t necessarily use them as singlesig hardware wallets cause they’re not designed for that. Of course depends on how much you’re securing.
Hope the Bolivian vendors eventually also learn about self-custody and not just drink the Salvadoran Blink kool-aid!
They could form P2P bitcoin to fiat trading groups on Signal, SimpleX, Vexl etc.
With more surveillance coming up, I feel like Bitcoiners need to be proactive in starting to build parallel societies and alternative institutions.
Instead of “trust me bro we will delete your sensitive data”, I would like to see a method that makes it cryptographically impossible for my data to be leaked. Maybe using a secure enclave?
NGU is the first step/wave. Holders get wealthy. Then when the fiat exchange rate volatility decreases, holders will find the censorship-resistant qualities. Patience required.
I would have expected now being Liquid’s time to take more share of the “tokenizing equities” markets, but seems like the Robinhoods of the world are using Ethereum layer-2s and Solana instead.
When Meta recently offered AI researcher Matt Deitke $250 million over four years (an average of $62.5 million per year)—with potentially $100 million in the first year alone
I wonder if Deitke is smart enough to stack bitcoin
AI can be harnessed for mass surveillance, Bitcoin mining not so much. That’s why the mainstream media (and their backers) loves it.
102 sats \ 0 replies \ @teemupleb 29 Jul \ parent \ on: Do North Korean citizens have bitcoin? bitcoin
Maybe there’s a North Korean pleb somewhere storing an inconspicuous Tapsigner card loaded with 1 BTC smuggled through somewhere in China and he’s restlessly waiting to escape the country before the NFC chip of the card breaks down!
21 sats \ 2 replies \ @teemupleb 27 Jul \ parent \ on: How Many Countries Will Exist in 100 Years? AskSN
Maybe Hans-Hermann Hoppe?
I feel like they just want to have some artificial demand for US treasuries (fiatcoin issuers buying them) so that the fiat ponzi will not collapse.
But once they put the same KYC restrictions to fiatcoins on the wallet level, fiatcoins will become cumbersome as a medium of exchange which will slowly help kickstart hyperbitcoinization.
Thanks for sharing! I’ve been struggling to understand some of the concepts in the treasury company space and this article was a great primer!