Most Concerns About Bitcoin Are Deeply Human

The Bitcoin hardfork is our ultimate code red button, in case a super rich government, corporation or a super rich billionaire, decides to buy up so much Bitcoin or set up so many nodes and miners that it undermines our plebian efforts at financial freedom.

"You want to join the Oligarch's chain?" asks in Andreas Antonopolous's voice.

"No".

Indeed, there is no need to worry.

Bitcoin balances economic power eventually.

If Bitcoiners ever feel like anybody is stacking a little too much and it's time to share that Bitcoin wealth to build others up, the Bitcoin community will let them know.

In the current system, the oligarch owns all the nodes. So you simply have to accept everything.
Changing currency = Node upgrade. nothing changes.
Changing ownership to the kids is sometimes okay, if the new Lord is merciful. still, one isn't free.
Here, we can jump to a new rail. The people remain in charge.



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This is a good read. Though I disagree with the idea of creating money that cannot be saved. 
Everything of value can be saved except time.
The trouble with why BTC is not overtaking fiat currencies / the mighty USD, imo, is not because it can be held for speculative value increases in what is called "hodling".
Eventually, even maxi hodlers buy food and give donations. The need to circulate the coins through spending is all powerful 
The troubles that could be "seen", other that hodling, are many. 
I mean we could blame the dollar for being too powerful to collapse and give BTC a chance, but that wouldn't help. 
What we need is more experimentation in the Bitcoin Space.
For example, we need Bitcoin to be married to AI in a big way.
It is literally the best digital product to merge with AI rn. 
Is it easy? No. Is it groundbreaking? Yes.
If I could I'd fine tune AI to be a Bitcoin Maxi.
Haha. Got my next article.


How Soon Can Google Investors Make Bank?

AI should learn how to get paid in BTC and to hodl BTC, then it will really pick up a lot of heat :grin:.

Else: Pushing more low level human creators out of from the job market is not exactly going to make bank. Cause it means those same (growing numbers of jobless) people will expect to use AI for free.

Lumoz Node Sale is Coming in Hot! Pre-sale and Whitelist Registration Begins June 17

I thought I was the first one to think of the idea of selling nodes.

Dang. Cool article.

Though, my idea is on selling BTC nodes between users e.g. for purposes of shifting the voting powers around with regard to soft and hard forks.

What do you guys think of this?

Financial Nihilism and Bitcoin Explained

I am going for turning one big fat obstacle into a path to my success. Thank you 

No, You Are Not Afraid of Artificial Intelligence. You’re Afraid of Other People

Nice article.

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Though, another perspective is the fear of AI because it is like a metal powered humaoid outside our control. Especially if we didn't code it.

Be it intellectually or physically.

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This discomfort is something we shall likely have to get used to. Eventually, humans are behind these AI systems.

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Even more, we shall find ways to be happy fighting them. Intellectually and literally. Only if we can ‘one-up' them shall we feel they are just another species of creature.

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Best piece on hackernoon this year, yeah 🤗👏 

The Most Expensive Technology on Earth 

That is a good question.

Quantum Annealers also use Josephson Junctions, and all Josephson Junctions to-date need supercooling to achieve necessary superconducting capabilities.

Here is a presentation on D-Wave’s quantum annealers - <https://qudev.phys.ethz.ch/static/content/QSIT16/talks/gnorris_dwave_presentation_web.pdf>

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In Web3, Community, Not Content, Is King

This is a great article and conversation starter on how to build the future Web2.5 world.

The Big Boy Train That Bitcoin Missed 

Thanks for the comment!

 BTC would definitely teleport us all into the future. 100 years from now is alriiight.

Wow.

Thanks for the comment!

Well, if you know the UN, you know it really isn't a thing. It is a meeting umbrella for 193 countries.

If it (the UN) *really* is in control of Bitcoin and not the USA or Russia or China, then 193 countries are in control of Bitcoin.

193 countries is practically 193 individuals. Some Presidents directly, some the Chancellor of the exchequer, some the cousins of the Presidents, some don't think it is worth their time but OK, let's try this seed phrase thing. They'll jabber about it and real devs will sneak in unnoticed and everybody will sneak in and they'll (the Presidents) will all get pissy and it will be such great fun and Bitcoin wins!

Like, WINS.

Do you see it?

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Measuring Decentralization

This article was pretty elaborate, but I think it sidestepped the key issues.

Let's say Grandma is smart and two people come and explain to her that going blockchain means her data will be protected better.

The first guy is an Ethereum guy and the other is a Bitcoin guy. 

After the greetings and yada yada, 

Grandma holds up her hand up to shut the two boys up. Then cuts straight to the chase -

“Is there a grould of people controlling Ethereum like there are those controlling Google?”

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Ethereum guy - Technically …

She cuts him off.

Turn to Bitcoin guy

“Is there a grould of people controlling Ethereum like there are those controlling Google?”

Bitcoiner - No.

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This alone has biased Grandma to think Bitcoin is more decentralized. 

Maybe with a lengthy explanation Grandma will change her mind, but deep down, her conviction has chosen a winner.

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The second issue is the data issue, really.

It does not take a cryptocurrency to protect people's data.

adding money into data issues muddy's waters, and I wouldn't be so sure that if I had really high quality data on Bitcoin's blockchain (assuming it could somehow do that purpose as well) that it wouldn't be copied & used to buy a fraud a plane ticket to Cancun.

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Really, to protect my data, I'd rather go with Google. Suing a major corporation makes more sense. Otherwise, Nostr. Totally off grid. 

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