I hate how the CSAM talk distracts from the obvious:
Changing the default from 80 to 100k is reckless and unreasonable.
Allowing multiple OP_RETURNs has no real use case.
0.1 sat/vbyte is completely arbitrary.
The biggest obstacle to a peaceful inner life is entitlement. Why? Because the biggest reason you get angry is when someone takes away something you think you have a right to. The more you think you're entitled to, the more angry you will get. If you think you "deserve" health or wealth or a beautiful spouse or whatever and don't get it, you will be angry.
But if you're grateful for what you do have and don't take them for granted, you will be much more positive and less angry.
Simple to understand, hard to practice.
Bitcoin Treasury Companies have a similar dynamic to VC funds. Anyone investing essentially has to trust the executive team, who get paid whether the fund does well or not, though obviously much better if it does well. The secret to VC funds is that the Venture Partners get their 2% management fee regardless of what happens. Seems like that's what's happening with BTCTCs.
I like the asset that they're holding, obviously, but the risk-reward just doesn't seem worth it, given what amount to taxes on any gains and the fees/executive compensation that all get paid by the investors in the end. Even if I weren't morally opposed because of the fiat expansionary theft on which all these companies operate, I would stay away.
Contrary to popular belief, cathedrals are not designed all at one time. In fact, they're almost like a living organism in that parts are torn down and rebuilt, changed and new parts added. And construction and reconstruction happens over many centuries, creating the building that stands today.
Everything in the fiat world encourages the lottery mindset. It's the idea that you just need enough tickets to win some passive income or something.
That's BS. Avoid lotteries, stay humble and stack sats and you'll be far ahead of the lottery players in 5 years.
Reminder that your friends and family that gambled on altcoins because of Bitcoin envy will not suddenly have a come-to-Jesus moment after this recent crash.
They're much more likely to be even more bitter and envious of your Bitcoin holding. Plan accordingly.
