Bitcoin Dad

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Bitcoin Dad
🛡️ bitcoindad@nostriches.net
npub1vqdw...upvj
I like Bitcoin, Banjo, and Being a dad.
#Democrats are going to have to give up the nanny state if they want to beat the #MAGA authoritarian train. The only way to take down big government is by starving it of the #dollar. Adopt #Bitcoin to kill the beast, but in doing so the Dems drive a stake into their own heart. Sounds good to me.
The Dems are appalled by Trump's authoritarian political moves. The best way to depose a dictator is to cut off funding. The only way to do that is by ditching the dollar for a money you can't print: #Bitcoin. But the irony is that they conflate #Bitcoin with crypto and Trump, so they'll never move to it. Not to mention they are just as authoritarian when they are in office. They're just not so loud about it.
It seems counterintuitive, but offering a RLOC against Bitcoin collateral would likely yield more return than offering only lump sum loans. 1. RLOC's are inherently more attractive to HODLers because they pay interest only on what credit they've used. The volume of RLOCs would be so much higher than lump sum loans that those offering the credit would make more yield than offering only lump sum. 2. RLOC's are the missing pieces in many HODLers #FIRE plans. It makes more sense to sell and keep cap gains taxes negligible (spend under 96k for a married couple) than to take the interest hiit on a 100k loan while dealing with liquidation risk in a bear market. 3. As a consequence of more HODLers taking out RLOC's rather than selling, BTC trades higher and perpetuates more HODLers hitting FIRE and taking out even more RLOCs. @jack mallers @preston @HODL , y'all got connections. Can you plant the seed with the big wigs?
@jack mallers , is a #bitcoin RLOC in the #strike lending pipeline? It would be amazing to only pay interest on what we have actually spent. Lump sum loans accruing large amounts of interest are inefficient for what most bitcoiners want to do: spend day-to-day against their bitcoin while hodling.
For those who have been stacking during the bear, the bull market is a great time to de-leverage. Maybe take some time off from stacking to pay off your debts, including mortgages. Is this the best way to maximize fiat returns? No, but there's a certain calm that comes with knowing that you are not financially beholden to anyone.
The most recent high profile physical attack on a bitcoiner that took place in Toronto this past week has made me once again examine my physical security and my Bitcoin security. I use multi-vendor, geographically distributed multisig. If you kidnap me, you've got to bring me to at 3 different places which are open and public places. This could take over 24 hours time. It's probably not worth the risk of you getting caught in the process. But what about kidnapping me (or worse one of my family members) and holding me/them in a secret location until someone ELSE gathers the keys? THIS seems plausible. We need to be able to timelock our Bitcoin to prevent this type of attack. I know that timelocking is currently possible (see Liana wallet), but I believe that you have to create a new on-chain transaction to "reset" the timelock for every expiry. This isn't practical or efficient in the long term. So my question: what type of upgrades are needed to the Bitcoin code in order to timelock a UTXO upon the signing of a new transaction? In other words, I sign a transaction for a ransom, but it doesn't send for a certain number of blocks. It is also reversible with an additional signature. And this is all verifiable before the signing even occurs to deter the transaction in the first place. Tagging some big names to get a discussion on the topic: @Guy Swann @Lyn Alden @preston @Peter Todd @Peter McCormack @Jameson Lopp @DETERMINISTIC OPTIMISM 🌞 @calle @miljan @ODELL @Bitcoin Mechanic @Gigi