mykopikid

Public Key

npub1rwep9zudeedgxu55v28s5t2tv3ud3se606rvdrnxsmjvcar0yx4smyq2h4

NIP-57 Address

mykopikid@getalby.com

Profile Code

nprofile1qqsphvsj3wxuuk5rw22x9rc2949kg7xccva8apkx3engdexvw3hjr2cprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvanlzvc

Publishing to

relay.snort.social

Author Public Key

npub1rwep9zudeedgxu55v28s5t2tv3ud3se606rvdrnxsmjvcar0yx4smyq2h4

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Last Notes

2024-09-10 10:48:25

One of the bad normalization as a civilization happening to us is allowing groups of people to redefine long standing meaning of words.
Eg: Marriage is a committed union between a man and woman. Thereby there is no such thing as same sex marriage unless we allow people to redefine words. (this is not a commentary about how people chose to love anyone they wished or draw up contracts to govern their lives).
I would implore everyone NOT to call people subscribing to regressive value as Progressives. Let's call people who are regressive as Regressives.
We can debate if a particular view is indeed regressive or not. But please, stop calling regressive behavior as progressives.

2024-09-10 01:31:11

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Bitcoin can be NOT Bitcoin must be.
Anyone can use bitcoin NOT everyone can use bitcoin.
Bitcoin is for anyone NOT Bitcoin is for everyone.

2024-08-26 05:07:05

Nostr must grow, nostr will grow.
#note1d5r…63rp

2024-08-25 16:10:25

Anyone here knows how to use Payment code in Blue Wallet?
Cannot get it to work even fron Blue wallet to blue wallet.
Unable to add the payment code to the contact list on 2 different phones.

2024-08-23 11:10:31

The beauty of art and science in coffee. https://video.nostr.build/b8ffd3b37eb860204e405cfbf80bffec668cc7edeb8c2f49ba6a2f91ac147b35.mp4

2024-08-20 05:24:33

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Isn't this British Hodl a grifter?

2024-08-12 06:05:21

In the most basic level, you can view bitcoin as merely a system where one can update a set of information constrained to 2.1 quardrillion units in a way that the updates are true, certain and immutable.
Incredibly, such a system requirements, all the most advanced nations and big tech corporations are unable to execute.
That's the power of bitcoin.
#bitcoin

2024-08-09 07:22:44

I'm beginning to think I will be a Triple Issues voter.
I will NOT vote for any party that proposed the following:
1. attempt to ban bitcoin economy
2. attempt to implement CBDC
3. attempt to ban, censor or control speech and social media.

2024-08-04 13:06:12

what is intrinsic value?
Does bitcoin has any Intrinsic value.
https://youtu.be/pRh57Ot62FQ?si=IxOlwrBNoUJncmJS

2024-08-01 08:14:52

https://www.freemalaysiatoday.com/category/opinion/2024/08/01/why-anwar-should-listen-to-trump-and-start-stockpiling-bitcoin

2024-07-31 09:28:40

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I agree . I love ecash. But can give some perspectives on my questions? — This is a comment on: https://yakihonne.com/flash-news/nevent1qqsq8zsu4l8zlg3gvk7gdxy73rx8hxgpc5vepgv3ju5l47clrrt7cdszyrchy4vx5spvq6hvsxx3g79yt24qmstv02wys6we0s6sxdk3d78yxqcyqqqqqqg6vs0nn

2024-07-31 09:27:02

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what wallet does yaki support? mutiny? — This is a comment on: https://yakihonne.com/flash-news/nevent1qqsxlglxhr6je3zszlsjunc7erm0f6yegw72m24f9v6k9q70jddwyagzyrxtf6g465dq8nwsg2yp9jvzwd23hfjsum8m3y6ddms0kqzu0xeccqcyqqqqqqg8mcxnn

2024-07-31 08:29:50

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In 2. Relying on incentives.
A system that can rug everyone is kinda bad isn't it? Eg: I don't put lots of funds in Wallet of Satoshi. If WOS rugges everyone, I lose a little money. But WOS rugging everyone is attractive isn't it. There's a lots of bitcoin locked in them.
Also, I'm wondering is it hard for entity like WOS to implement ecash into their system as a default. I'm already trusting them with a little money, if they turn everything into ecash, it least I can get privacy.

2024-07-31 07:25:02

Other than the Islamic worldview and the Jewish worldview in a narrow manner, I don't know of any worldview or society that consider Riba or Usury or Interest on money lending/borrowing a sin.
But almost everyone agree that secretly stealing other people's value and money via money printing is evil.
Note that even in a world where money printing is impossible, interest on loans can still be applied.

2024-07-30 07:50:31

Drink Coffe,e Learn Bitcoin
https://m.primal.net/JirH.mp4

2024-07-15 08:57:14

https://m.primal.net/JRWI.jpg

2024-07-14 05:38:43

Is bitcoin the Peer-to-peer electronic cash system it was designed to be?
Some thinks that it must be able to facilitate buying coffee in order to be cash system. Wrong.
Even if you make the block size 100GB, you cannot use it to pay for coffee if the wait time is 10 min. The block size have nothing to do with making immediate payment with full settlement.
Peer-to-peer electronic cash... its important to understand the meaning of the word "cash". Cash does not mean fast and immediate (even though it can be in different circumstances). It meant once it change hands, the custody is on the other side, thereby traditionally it is physical cash.
Why it does not necessarily meant it will be fast and cheap? If you have $10 or $10mil in cash, if you want to buy anything that is not within hand-reached, it will be slow and costly. If you want to send physical cash of $10 or $10mil to someone 100km away, it will be expensive and slow.
So, bitcoin with it's 10 min confirmation and if you wanna wait even 6 confirmation, an hour for final, permissionless settlement, where custody is transferred to the receipient in finality, bitcoin is peer-to-peer electronic cash system.

2024-07-14 03:09:13

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Not to say it is out of the realm of possibilities for a politician to stage an assassination attempt.
But if you are winning in every poll against someone who is senile, would you attempt something very difficult to pull off, high risk and potentially back-fired?

2024-07-10 02:33:25

multi-grain bread, french butter, local free-range egg and cheddar cheese on top. Healthy, tasty and nutritional. https://yakihonne.s3.ap-east-1.amazonaws.com/1bb2128b8dce5a837294628f0a2d4b6478d8c33a7e86c68e6686e4cc746f21ab/files/1720578675358-YAKIHONNES3.jpg

2024-07-09 08:15:25

Three important area of understanding that give us a purposeful life:
1. Our faith
2. Our diet
3. Out economic value
Our faith: Without which our time preference tend to be low. If there is no potential after the physical existence, let eat, drink and be merry... for tomorrow we die.
Our diet: If I get a brain tumour or weird disease, what can I do? But destroying our body by eating tonnes of junk, like refined carb and sugar, being lied to by powers controlling our society that eating frequently is good, "vegetable oil is good", saturated fat is bad.. makes us physically weak and will constantly be dependant on big pharma companies to sustain us. Let's wean ourselves off Fiat Food.
Our economic value: By having proper understanding of our faith and diet, we now can have a lower time preferance and a longer view of things. Let's wake up from the lies of the fiat mindset and debt-based economy. Let's store our value in strong, neutral money where they cannot be devalued, debased nor destroyed. Let's bitcoin.

2024-07-09 08:14:26

just onboard someone to @AquaBitcoin to move their entire stack away from Huobi exchange. Now they can easily move their bitcoin between on-chain, liquid and USDt.

2024-06-29 06:53:52

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In what way is this unruggable?

2024-06-29 06:51:54

Excellent Bitcoiner Malaysia meetup
@BitcoinerMY
Thank you guys and gal for coming. We discussed:
- fees
- scaling with bitcoin bank?
- what is the currency of the future? you want btc or USDt ?
- demo prototype of ground-breaking new multi-sig hardware wallet. it's damn cool.
And some smaller discussions but no less important
- running nodes, mining, block collision
- liquidity or exit scams, are they real? RWA tokenization?https://m.primal.net/JBpz.jpg

2024-06-24 03:33:03

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you mean bitcoin unable to resist censorship?

2024-06-23 17:20:13

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When is US govt gonna be selling their bitcoin to get back the money they print for free.

2024-06-23 17:19:21

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When is US govt gonna be selling their bitcoin to get back the money they print for free.

2024-06-22 07:24:33

Bitcoin does not have intrinsic value or does it?
There are 2 ways to look at intrinsic value.
Financially and philosophically.
From a financial aspect…
According to ChatGPT:
Intrinsic value refers to the inherent worth of an asset, investment, or entity based on fundamental analysis without considering its current market price. This concept is commonly used in finance and investing to determine whether an asset is overvalued or undervalued by the market.
Essentially it is an attempt to determine the value of an asset without basing it on the current market price.
Philosophically, intrinsic value refers to the value of something in and of itself. The value that is not derived from the external forces like the market or someone’s personal preference or desire. The value that is not based on the majority of human’s perspective or even any human’s perspective.
As an example, for any particular object, if it is desired by just a single human out of the entire humanity, that object has inherent and intrinsic value to that single human.
Or we can consider nature itself. If all human would ceased to exist, oxygen or CO2 or H2O would still have intrinsic value to other creatures in the world.
Or even other intangible concepts like love, kindness, dignity… something that cannot be measured with any consensus in the financial world, would be considered to have intrinsic value by vast majority of people.
Thereby, if the question were to be posed if Bitcoin itself has intrinsic value, we cannot use the philosophical aspect to measure.
But then, Bitcoin is such a unique asset or system or network, that all existing models used to measure assets in the financial world are broken against it.
Let us consider the following properties of bitcoin where it stands alone amongst all the inventions of humanity.
1. It is likely the only invention of human that is scarce, where it’s unit cannot be increased. There will only ever be 2,099,999,997,690,000 units issued into the bitcoin network. While this is not a philosophical nor technical certainty, by all means and purposes, there is no reasonable game theory to increase the supply of bitcoin based on the known behaviour of the entire humanity throughout the ages. How can we find any significant consensus to devalue ourselves?
2. Bitcoin is the only network that cannot be destroyed barring the total elimination of the Internet and all the computer systems in the world permanently. Imagine a world with No Internet, No computers and nothing digital ever.
Based on these 2 properties of bitcoin, it’s intrinsic value is arguable the highest among all known human inventions.
And finally, someone may argue, what if one day people don’t want nor desire bitcoin anymore?
Of course, like everything in the human realm, if no human ever wants it, its value will drop to zero.
That is of course merely an attempt to postulate Philosophical possibilities. And i would say that is a futile attempt.
The pertinent question to ask is why human would not desire something that is scarce and durable? Humans through the ages has been in searching, seeking and storing that which is scarce and durable. People want beauty that is lasting, strength that endures, quality of lives that does not end.
Thereby, bitcoin is the definition of intrinsic value.

2024-06-09 05:46:50

Banana Cake with clotted cream
https://video.nostr.build/f5c17fea279d67760fbcee9133d8d597c3c07658e8d7c3b87a987973efff9dc9.mp4

2024-06-08 17:07:29

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I fully agree that those with bigger stake should not have a bigger say though in reality, having bigger stake usually comes with bigger influence.
But those maintaining bitcoin codes also shouldn't have any bigger say. The very fact that they are developers meant they have extreme pressure internally within themselves to want to change things or do cool new things.

2024-06-08 16:34:17

Bitcoin vs Shitcoin
https://x.com/mykopikid/status/1798957506166915482?t=NTFQHtSXy5QwwstV0S_tWA&s=19

2024-06-07 10:56:22

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"Fixed money supply --> more things."
Somehow I can't interpret what " --> " meant?
I always have difficulties reading symbols into sentences.

2024-06-07 07:28:02

Bitcoin vs Shitcoin
https://youtu.be/n61nWs4c3aY

2024-06-02 06:54:51

For my fello Malaysians...
#nevent1q…z25x

2024-05-31 06:30:28

Mutiny team is truly incredible to pushing ahead.
#note1h94…u0j4

2024-05-31 03:35:57

How can someone who cannot code earn sats on bitcoin industry?

2024-05-20 14:42:15

I have a block clock that also plays a RM1mil lottery every 10 min.
https://m.primal.net/IIiS.jpg

2024-05-17 10:36:51

https://m.primal.net/IHej.png
If you are a bitcoiner in Malaysia, KL... come join us.
https://0de644eaaf.d.voltageapp.io/events/UCWa7RD9NDzCPx4zTdWkVk
Venue: @myespressocafe
Day: May 22, Wednesday
Time: 7.30pm till late
Must buy ticket in advance because we need to order Pizza in advance.
Vegetarian Pizza will be available too.

2024-05-13 02:34:08

Sembang Bitcoin:
Brand new bitcoin podcast in Malay.
Episode one:
https://youtu.be/q9sDv4-Fggc?si=ziUiD6Mq3gTAlCPI

2024-04-27 08:30:59

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So, they can see who i'm messaging but they cannot see the content of the message, is that correct?

2024-04-27 08:11:14

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Don't understand. If nobody can see the content other than the 2 parties communicating, is that not private?

2024-04-27 08:03:25

Is messaging on Nostr private?

2024-04-26 19:09:23

goes to show why it's important to continue working on L2 like lightning and e-cash instead of doing risky changes to the main chain. I'm a few short years I foresee a huge leap forward in LN and e-cash.
#note1erg…ru0m

2024-04-17 12:26:56

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C'mon.. is it gonna be that powerful? 100,000,000 midiclorian count?

2024-04-12 13:19:20

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Any way to have cashu e-cash in telegram?

2024-04-12 10:39:36

This is a very reasonable and responsible view towards bitcoin development.
#note1tz2…ek2e

2024-04-11 02:16:06

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I would say, enemies of bitcoin does not necessarily need to totally destroy bitcoin to be qualify as its enemies.
Crippling it by making it more centralized by bloating the chain to a point where it's undesirable to run nodes?
Having majority hash and continually mine empty blocks?

2024-04-10 07:19:38

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I love "Bitcoin for payments" and I love payments with bitcoin.
I want to support more development on LN, ecash etc.
But not at the expense to decentralization and security.

2024-04-10 07:17:48

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There are enemies of bitcoiners and I defend their rights to use bitcoin even if they are my enemies.
I don't consider people trying to get rich from bitcoin as enemies of bitcoin, even if they are selfish people trying to pump with bags.
But there are real and actual enemies of bitcoin. Who are those?
- Spread disinformation about bitcoin.
- Attempt to congest the blockchain to make it difficult to be used.
- Spammers.
- Scammers employing "creative" usage of bitcoin.
- Those attempting to create non-fungibility on bitcoin.
etc

2024-04-05 08:43:37

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What's the purpose of using animated QR?

2024-04-05 07:30:00

I'm beginning to see the power and coolness of ecash like Cashu and Fedimint.

2024-04-01 10:36:57

Regarding using bitcoin as a Medium of Exchange.
Michael Saylor thinks that bitcoin is primarily a superior asset where there is no second best. It is the best Store of Value. Thus the ease of payment mode using bitcoin as a medium of exchange will not be the main factor that drives bitcoin adoption worldwide. No one after all, will buy a prime property in central New York with the intention to break up a small piece to buy a cup of coffee.
To that, I agree. No one, given a choice will use something that cannot store value as a medium of exchange unless it has the power of force and guns behind it. Essentially, the govt forces you to use something that cannot store value as a medium of exchange. If you are a Venezuelan, you have no choice but to use the bolivar. If some of us are old enough or remember stories told to us by our grandparents, during the Japanese Occupation of Malaya, they were forced to use the “Banana currency” with literally a picture of banana on the paper printed indiscriminately by the occupying invaders. They have no value. No one wants them if not due to a gun pointing to their head.
Traditionally, going back to the ancient of days, that which has a strong capability to store value tends to NOT work very well as a medium of exchange. A gold coin was very difficult to use if you are trying to buy a chicken or some fishes to feed your family for the day. Even in ancient China, while the emperors, rulers and lords stored their wealth in gold, the common people used silver and copper as a medium of exchange.
I posit that for bitcoin to have global adoption, it must be recognised as an undeniable store of value, an asset with no second best. This is what will drive global adoption. BUT unlike gold and real estate, bitcoin is also something very portable, divisible and easily transmitted over space via the Internet. Anyone can use bitcoin as a medium of exchange today if they wanted to.
For small and fast payment, bitcoin on the Lightning Network is excellent. We are not anywhere even near to the limit of the Lightning Network. Third Parties Custodial services, frown upon by many, are incredibly efficient. Improvement on Self-custodial Lightning is continually being improved on but the current tech will not be used by the masses. The pros and cons of custodial issues require a different discussion. We also have federated solutions like Liquid, Fedimint and Cashu E-Cash that are fast and private. And all these are continually being improved.
We need not be overly anxious that a billion people cannot use bitcoin as a medium of exchange because while it is super efficient and fast to use now, we cannot even get 10 million to use them. Storing of ones’ value in bitcoin is of higher importance now and certainly more urgent. Our fiat money loses value month by month, year by year continuously. But almost no one has a problem using their fiat money as a medium of exchange.
Thereby, I would say positioning bitcoin as a second to none, superior Store of Value, resistant to both State confiscation and censorship is the message to the masses. I’m confident that the bitcoin tech communities will continue to build towards hundreds of millions to billions of users going forward. I am sending and receiving bitcoin over the Lightning Network almost every day with 99.9% success rate using my own LN node and some custodial services. We are still very early.

2024-03-20 15:09:30

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Can help with some clarity?
In any ecash mint, the ecash can only be used in the specific mint right? The ecash cannot interchange with ecash from another mint. Is that correct?

2024-03-06 13:35:22

When I was a young bitcoiner and also a shitcoiner, I like to use wallet that supports all the shitcoins, with tonnes of features, futuristic designs, very cool sounding name... like Exodus, Trust, Coinomi etc...
Now that I've grown up, I dump all the shitcoins.
Now I want those boring wallets, that ever heard of shitcoins, no defi... be simple, be secure, be open-sourced, virtually unhackable and unruggable.
Hot Wallet (with direct Internet connection, therefore with tiny possibilities of being hacked):
1. Green Wallet
2. Blue Wallet
3. Samourai Wallet
Cold Hardware Wallet (with no direct connection to the Internet, open-sourced and cannot be hacked remotely)
1. Jade
2. ColdCard
3. Foundation
4. Trezor (if using Trezor, make sure it's bitcoin-only firmware)
Best Desktop Wallet
1. Sparrow Wallet

2024-02-29 17:17:16

It's a rite of passage to ride the wave of bitcoin winter all the way down to $16k and emerge from the tunnel of darkness to the brightness of a new cycle.
Cherish every moment.

2024-02-29 17:16:43

Money is a representative/token to store & exchange value. There is no such thing as fake money. Anything can be money including cigarette, salt, seashell, rocks, copper, silver, gold and nicely decorated papers. But there are differences between hard money, weak money, easy money and useless money.
Bitcoin is the hardest and strongest money, that is neutral, supply that is capped, very expensive to produce, unconfiscatable, unstoppable and transparent.
Your fiat is an ant facing the bitcoin Anteater.

2024-02-16 08:19:19

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what is an exit interview?

2024-01-27 18:30:38

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The question would be what exactly is a deep fake? When you say it is not a real child, is the face not real or the body not real, or both not real.
The usual deep fake is using someone's face on a fake body doing fake action.
If the face is that of a real child, it's very real harm to the child and the family.

2024-01-09 18:24:04

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I think blue wallet cannot do custodial LN anymore.

2023-12-28 05:43:43

I fully support Ocean effort to decentralized mining pool and empowers miners to choose their block template.
I would think when we discuss common understanding of censorship in the philosophy of bitcoin, is the effort to stop certain parties from making financial payment/txs based on discriminatory value that in non-financial in nature. Eg: stop txs from my enemies because he is my enemies, stop txs from countries/regime I don't like, stop txs from reaching ppl I don't like etc. This is where the ethos of censorship-resistant came from.
I wouldn't like that filtering rules or protocol constraints put in place to protect a system be called "censorship".
Normalizing, encouraging or enabling the redefining of the common meaning of words will play into the hands of the enemies. While I will defend the ability of my enemies to utilized the intended usage of the bitcoin protocol as a monetary system for financial txs, I will not defend their effort to abuse and degrade the protocol using exploits for its unintended usage.
I use the word "enemies" to illustrate that the worst possible parties should not be censored from using bitcoin as a form of monetary system or financial transactions. Not that those who disagree on these matter is my personal enemies.

2023-12-26 04:24:28

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https://video.nostr.build/64d7daa34330aef773a3e4e4b5825f3ea48df2cc47edc84026ae2573c9adb2d8.mp4#m=video%2Fmp4&dim=544x960&blurhash=%5DPEo%5B9%7Eqf%2CtRofRPIUV%40s%3AWBIWNHofNGofRjRjM%7BRjxtt6bIRkWCf6-pxuj%3Ft6ayRkRQRkofkCaeaej%40j%3FWBbcWCWBWBkC&x=31fb662682df7e65134194f96abd55a5f0edb41df9f152a364af033f39c7c46b

2023-12-26 04:22:35

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My eggnog with espresso
https://video.nostr.build/7045e39e270df57f5ea67bd6456ac1eec77fa600308dbc274e7aae081a272e10.mp4#m=video%2Fmp4&dim=544x960&blurhash=%5DHGuzM%7EpxvNGj%3F9FRjRPR*xuIBRixvoMM%7BRPRjM%7CoMaxR%25RjoeWqf7t7t6M%7BRkkCxuaxt7oeNGf6t7ofRja%23bIoeoLt7WB&x=5bcc4bb7bc457b0a78342627a590436e71ff33eac790dc3ef506f0308ff3da3f

2023-12-23 17:01:31

https://www.meetup.com/bitcoiner-malaysia/events/298106970/?utm_medium=referral&utm_campaign=share-btn_savedevents_share_modal&utm_source=link

2023-12-22 17:33:22

It's weird that some think that filtering spam is censorship?

2023-12-22 09:49:44

https://youtu.be/1hUEORYzgLQ?si=16MB9LDD2iwcabJe

2023-12-21 14:54:38

I fully support ocean mining
#nevent1q…nh2x

2023-12-19 15:53:05

Dear bitcoiners,
It's ok if you don't wanna spend your bitcoin. Far be it from me or anyone to tell you have to dispense the value you accumulate from your own effort.
But for me:
I'm saving them as much as I can, its a representation of my time and energy accumulated. I'm hodling them as a store of value.
Whenever I needed something, I'll spend bitcoin to get what I need from any service provider that will accept them. Refusing to use them as payment for those who wanted them for their service is an act of not recognizing bitcoin as money and being unfair by implying others have no rights to exchange their value for real money. You want others to give up their valuable service for that dirty fiat?

2023-12-19 14:50:37

Imagine your govt does not print money, thereby they don't need to manage the monetary policy. "Managing" the monetary policy is another word for "manipulating" the monetary policy. Or it's basically a money game. We all know "money game" in the society is basically someone's ponzi scheme designed to scam you.
Who are those who played the money games? Well, those without an approved license from the govt. If you have a license from the govt, its a fund, or if your are the central bank, it's fiscal policies.
If your govt is not spending time manipulating the money where it always seems benefit them or the cronies unfairly over you, then they will have time to spend on how to increase productivity of the nations and its people.
Build you people's skillsets, build their imagination to creatively solve real world problems, build their language skills, encourage their cooperation etc. Then your country will be productive, accumulating values when they exchange their production with others. Then you are truly building wealth. Then you are engaging in nation building.

2023-12-14 10:40:19

A beautiful day, a fresh refreshing yummy Aerocino, a reminder to stay humble and stacks sats.
#nevent1q…vftv

2023-12-01 15:52:49

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Here
https://youtu.be/2PmJiXNfZLs?si=coYSt5ACkJW1fYke

2023-12-01 03:42:27

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What is THC?

2023-12-01 02:03:50

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Actually, its the legal movement of peninsula that was restricted into East Malaysia.

2023-11-30 17:34:00

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You have no freedom of movement though. Sabah and Sarawak can deny your rights to enter that land.

2023-11-30 16:22:35

Good coffee, great chocolate and the best monetary system in the world.
#nevent1q…49vr

2023-11-29 17:51:32

So bullish on team OCEAN
Can't wait to try out the pool. I'm switching over to OCEAN.
#nevent1q…r84v

2023-11-28 15:20:12

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Can participate without registration?

2023-11-22 04:43:16

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Any good pool people can easily participate in?

2023-11-20 17:53:25

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See you this Friday bitcoiner malaysia meetup 😁

2023-11-20 07:43:52

https://m.primal.net/HQlK.png

2023-11-15 08:26:58

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You are being too kind. It's not stupidity. It's corruption.

2023-11-14 17:11:31

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What's coming?

2023-11-12 14:55:22

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I love white on black, but seems like some browser or website does not always render them correctly in dark mode, unless they are native white on black.

2023-11-12 09:10:20

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Shouldn't people be encourage to plan ahead for draconian regulations before they happen?

2023-11-12 09:08:01

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I''m from the other side of the world. Can someone shed some lights on this matter?
1. Swan is a platform that offer service for people to buy bitcoin and bitcoin only.
2. They encourage all their users to withdraw and self-custody.
3. They are anticipating govt giving problems and help users to think ahead and be prepared.
4. They operate under US law.
Questions:
A: Is 1, 2 and 3 not a good thing for bitcoin?
B: What are the benefit for bitcoin and people wanting to stack bitcoin to have Swan not complying and getting shut down?
C: Some insist people should not buy bitcoin on any regulated platform and that people should just earn bitcoin. But most people cannot earn bitcoin even if they wish to. In my country, I certainly cannot earn bitcoin. And the only way to buy bitcoin is to send fiat to regulated exchanges with KYC. Good thing they still allow withdrawal.

2023-11-10 16:17:07

I no longer invest in bitcoin. I save in bitcoin.
One don't invest in money. One don't buy money with money unless you are into money games.
Bitcoin is sound money. Bitcoin is the future of money.
Bitcoin is the best money.
Thus, save in bitcoin.

2023-11-10 02:23:33

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Can this be said as one of the argument why its useless to increase the blocksize. Add another 100 MB also no use, They will just pack them with useless stuff and cheaply too.

2023-11-05 13:14:39

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As example, Bip39, all upside, no downside, no controversy. Propose something almost everyone would love, then it'll be accepted and embraced.

2023-11-05 13:10:55

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Custodians are never censorship resistant. Use non-custodial if censorship is a concern.

2023-11-03 17:13:06

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While this is "undesirable" to most bitcoiners, it does seems inevitable. When btc 10x, the banks will want a piece of the actions and offer insurance for custodial service of people's bitcoin & many will want it.
Or the banks anticipate the 10x coming and get in now.

2023-11-03 07:42:39

Thoughts: Does your coin or tokens or currency failed the following:
Regardless of sophistication, the underlying premise for hard money:
1. Is it radically neutral?
Is the other crypto invented to enrich the creator and early VCs?
Did the creator give a tonnes to himself, sell tonnes to VCs for money?
Can the creator or a small group of people benefit from Seigniorage effect?
BITCOIN is radically neutral.
2. Is it sufficiently decentralized?
There are at least 2 important aspect of decentralization.
1. Can the protocol be easily shutdown? Highly decentralized means extremely hard to shut down.
2. Can the economic policy of the protocol be changed easily? This aspect is very important. In the fiat currency and most shitcoins, just a few people can change the economic policies.
How small a group of people is sufficient to change the economic policies of the token?
Most of the shitcoins can be changed by a small group of people, less than 10% of the participants.
Even if 51% of the participants can changed the economic policies, it's pathetic.
In BITCOIN, not even 51% of the participants can collude to change the economic policies. Arguable 90% of the network participants is needed for economic consensus to change.
3. Auditability and Supply cap.
In BITCOIN, not just we know the supply cap, every sats is auditable and every issuances is predictable and verifiable.

2023-11-01 05:35:47

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How can PRIVATE general doctor's pay be capped? Can't you charge at whatever rate you want bases on the demand and patients you are serving?

2023-10-31 03:57:40

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Changing things one cannot accept is always a good endeavor.
But she still can't change the things she cannot change.

2023-10-24 16:25:16

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Hahaha

2023-10-24 16:22:42

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Lol, it true. I need to find this video.

2023-10-22 04:35:24

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What is all these Lightning "sky is falling" stories all about? Is there real existential risk to funds?

2023-10-21 08:04:02

https://m.primal.net/HOIa.png

2023-10-19 17:36:47

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Still lots of areas for improvement but I doubt overhaul is the answer. It already have certain level of network effect. These kinda protocol level stuff, overhauling is like doing a new protocol. Ark for example, is one of the potential protocol for scaling and payments. Big changes tend to break things and most will not be keen to break things. Bitcoin is not Ethereum.

2023-10-19 05:37:30

He is no fool to spend (fiat) what he cannot keep from falling to save in what he cannot lose (unless he refuse to learn self-custody and insist on keeping them on exchanges).

2023-10-18 14:06:24

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1. Less secure than bitcoin but more secure than any bitcoin on any exchanges.
2. Very good privacy

2023-10-18 04:57:48

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Definitely not urban. I got friend purposely moved from KL to Rawang because the cost of living is clearly lower.

2023-10-17 10:45:25

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It does pose some difficulties on nostr regarding identity. When I see some public figure like Michael Saylor on nostr, how do I know if that is the real Michael or some imposter?