"We need to fix bitcoin's unit bias problem!" They say as bitcoin passes new all time highs and attains a $2T market cap. 🤡🌎
"Before an investor ought to learn about all of the details of bitcoin, [they] would be well advised to learn about the details of fiat. And to appreciate the manner in which this debasement has proceeded more or less unchecked [for decades]." - Andrew Hohns, Battery Finance The bitcoin critics are quick to judge bitcoin. "It's volatile!" "Too slow!" "Can't scale!" "Money laundering!" However, these critiques are nothing more than projection tactics used to deflect from their reluctance to look in the mirror and ask themselves the hard question, "Is this fiat experiment sustainable?"
The discussion around digital identity is going to pick up rapidly this cycle and I think it’s imperative to own the frame and the frame should focus on the individual controlling the creation of their “digital identity”. These identity credentials should not be issued by some government or blockchain they should be created by each individual user. The protocols that enable this in the most individual centric way today are Nostr and Web5.
It was great catching up with @miljan to talk about the state of Nostr and @primal 2.0. I’m currently in Abu Dhabi hanging out at their finance week event before I head back to the states and the direction laid out in our discussion couldn’t be more different than the future being put forth by the suits at this event. Keep building, freaks. Freedom tech like Nostr and bitcoin are being slept on. We’re going to shock the world.
Disregard everything that was said over the last 15-hours.
“You missed it.” This phrase is going to haunt people who had otherwise wildly successful careers in finance.
Unstoppable peer-to-peer digital cash with a hard capped supply has been around since January 3rd, 2009. December 5th, 2024 will be the day that it cemented itself as something that cannot be ignored. Part I of the bitcoin story has been written. The end of the beginning is behind us. View Article →
Wild to think $1 doesn't even get you 1,000 sats anymore.
That was pretty sweet.
Another difficulty adjustment, another fresh difficulty all-time high. image