Thoughts on #bitcoin as a medium of exchange… This will start in the extremes of the bell curve, where some #zap on #nostr and buy coffee, and where nation states transact energy in #btc. Then it’ll become more normalized to purchase housing/hard assets in btc IF the US eliminates a taxable event in purchases made in bitcoin. How you’d prove this would be some sort of hashed invoice from the seller that you present to the IRS, if that exists by that point. Anyway, once bitcoin’s fiat value stables under +/- 20% annual volatility, then the middle bell curve comprising all goods will start to be purchased. At this point energy to btc will be so common that most items may also be priced in #sats and/or two prices will be given where sats would be lower than their fiat equivalent for the same item. The free market would detect this and it would slowly transition our economy to be built atop bitcoin. A much more peaceful flip than the violent economic collapse as many bitcoiners gravitate toward.

The #bitcoin community really needs an open sourced and standardized educational curriculum for grades K-12, undergraduate, and grad school students. This curriculum could be broken down by grade level, and area of expertise, from the philosophy of the technology, to Bitcoin the network and all the technical concepts, to bitcoin the asset and its effect on markets and the macro economy at large. My fear is students, who are the future of our world, are not equipped with sufficient skill sets to enter the workforce and drive meaningful change, in particular to this special protocol. And what’s more concerning is the rise of #AI and how fewer young people will be able to have significant impact in the world. By forming this open sourced curriculum, accompanied with strategic state-funded (not federal) partnerships, it’s possible we will see the rise of a bitcoin-native generation instead of telling them to guess what they should do with no real direction for their futures as we literally enter the most confusing and change-filled time in human history. To close, as a former MBA student, I have been disgusted by the lack of focus on this field. Schools cannot do it from within, they need us to help.

Thoughts on #bitcoin price dump from $106k to $97k the last week: The hash rate went from 750 EH/s on Jan 1, 2025 to an all time high of 950 EH/s today. My best guess is miners holding #btc are dumping for profits in preparation of the increased competition and potential lower rewards in the near term.

8k transactions left in the #bitcoin mempool. That’s a little as 2 fully packed blocks. What happens then?

#Coffee tiiiimmmeee #coffeechain