New @Bitcoin Infinity Media show with Chris Guida out now!
GM! I take not taking myself too seriously very seriously. IMHO, more people should.
Had a great time with Tim Allen on the Free Cities podcast during the Baltic Honeybadger Conference in Riga earlier this year. Check it out! πŸ‘‡
The biggest hurdle to human civilizational progress is, by far, monetary inflation. This is the main problem Bitcoin solves. The reason the problem exists in the first place is that humans cannot resist the urge to debase money. History clearly shows evidence of this. From the coin clippers of old to the Federal Reserve, people in charge of money issuance all had one job, and they all failed at it spectacularly. They couldn't resist enriching themselves at the expense of others. In Bitcoin, there is no way to increase the money supply. There are, however, other ways of enriching yourself at the expense of others within the system. At least as long as there are gullible morons around. You can pretend that the data involved in a specific transaction has some other value than the value of the sats themselves. This notion is, of course, absurd, since public data cannot be owned. Everything in the timechain is available for everyone on Earth to see, at all times, forever. Selling "rare sats" is the equivalent of selling stars in the Andromeda galaxy. In fact, you cannot even own the sats! However, you can act as if you own them, since you have access to a Private Key, and realize how implausible it is that someone else also has access to the same key. Additionally, it is implausible that the 21M cap will ever change. This is what makes the sat special! Bitcoin is humanity's best shot at fixing the inflation problem because no one has access to a printer, and everyone has the ability to verify everything in the system for themselves. Which is why people run nodes. The sat is the system's internal value-signaling system. Miner fees and rewards are paid in sats. Whenever someone puts arbitrary data on-chain to fool a gullible moron, they make the entire system a little bit worse, since every full node now has to store that data forever. Coin clipping didn't change the face value of the coin, but burdened the entire system since there were now more coins in circulation. Shitcoining on Bitcoin doesn't change the face value of the sat (1 BTC still equals 1 BTC), but it makes nodes more expensive to run. Increasing node costs does burden the system. People who make money selling arbitrary data on Bitcoin do so at the expense of every single other bitcoiner. They are as bad as coin clippers and central bankers. You don't hate them enough. Shitcoiners act against the best interests of their fellow human beings. They are immoral thieves and scammers. Make no mistake about it. What makes the behavior even worse is that you need a considerable amount of knowledge about Bitcoin to execute these scams. For more than a decade, they've had the chance to study and understand why Bitcoin is humanity's best chance to solve its own worst self-inflicted problem. Still, they choose to fuck people over. It's disgusting. Bitcoin will survive them, but we need to weed them out. IMHO, shitcoiners shouldn't be allowed anywhere near Bitcoin development. Their actions clearly show that they're the least qualified people on Earth to influence the future of this value-language. Before forming an opinion on the current Core vs. Knots debate, ensure you understand the anti-Bitcoin ethos nature of shitcoining. Especially when done on the timechain. Scamming is bad enough, but damaging humanity's best shot at world peace in the process? Unforgivable. So, what can you do? Call out scams and scammers when you see them! Attack bad ideas, not people. Don't ever like or retweet a shitcoiner! They love attention. Block bad actors! Run a node and refuse to relay shit! And most importantly - use sats as money. /End of rant
New @Bitcoin Infinity Media Show out now! This time, I'm chatting with wonderful human rights defender @Lyudmyla Kozlovska! Give it a listen to learn more about the disastrous new EU Chat Control initiative, and much more!
I'm super proud to announce that I'll be returning to El Salvador in November to speak at the spectacular event, held in San Salvador's Centro HistΓ³rico (including the national palace)! This one will be something else! Many thanks to @Jeff Booth and @Stacy Herbert for making this happen!
The first episode of a series I made about β™Ύ/21M in Naples, Florida, back in June, is out now!
A new episode of the Bitcoin Infinity Academy is out now! This one covers the first chapter of my second book, "Bitcoin: Independence Reimagined" Check it out!
The second course of the Bitcoin Infinity Academy is here! This course explores the ideas of my second book, Bitcoin: Independence Reimagined, written in late 2019. First episode out now! Find out more about the project here:
Which way, Western man?