So many small, easy words holding very little meaning…🙄🤦🏻‍♀️🙄

So where do we get our factual numbers info from? I no longer trust ANYTHING from this wacko administration

🤬

You're going to have to buy trump coins to get economic data from the US government.

he loves crypto because he realized there is trillions of dollars in illegal shit he can do

Permanent reminder that the only reason anyone cares about Bitcoin is dollars

I always thought that a good utilization of it is product lifecycle.. my thought was starting with supply chain all the way through resale and end of life.

I’ve not once seen anyone give a valid reason this needs to be done with “blockchain”. Can be (and is) done just fine with a traditional database. Blockchain is a solution looking for a problem.

Yeah, the only advantage you'd potentially get is decentralized and standardized contracts for the data. So for example, if you're a retail reseller of Nike products, then the lifecycle is natively traceable even if the product is resold privately or through secondary markets until end of life.

But it's a minimal value proposition. Maybe in a green economy where you could use it to determine the carbon footprint of the entire product lifecycle.

Again. Why do you need blockchain instead of a centralized database? Whats the actual added value vs the extant technology?

Domain ownership of that centralized database. That's all I can think of.

Exactly. There’s simply not enough marginal value to implementing blockchain for this because the actual barriers to it aren’t technical, they’re human.

Only if people accurately record the transactions in the ledger, which is the exact reason this doesn’t happen with normal databases. The problem isn’t the technology, it’s getting people all on board with using it. Blockchain itself contributes nothing to solving the problem.

I mean it's also good for sex trafficking, so it's a good thing we have a subject matter expert in the oval office

false, try again.

is it a good idea to spend a bitcoin, and if not, why not

I often both get paid in and spend Bitcoin. It is primarily a unit of account for my savings however. Whether it’s a good idea to spend it is a subjective viewpoint. Some would say never spend Bitcoin and borrow fiat with it as collateral.

Notably not the question I asked

a more direct answer to your question: Whether to spend it depends on your goals. Spending it reduces your holdings, which also happen to increase in $ purchasing power. What’s your take on its value trend?

Spend and replace.

It’s different for everyone.

Sadly it’s just a store of value denominated in dollars

Until it’s not, hard money will win in the end and people will demand it over what they know to be inferior. Time will arrive when you see signs like “10% off if you pay in sats!”. Then, priced in sats, then no more n number of Fiat currencies world wide.

Again, let me know when this happens

Keep asking questions, keep finding out more, the rabbit hole is beyond deep. You’re scratching the surface in these ridiculous 300 character chunks. Stay curious!

Pretty sure people only care about it because of dollars

By the way, I already proce things in Bitcoin when I want something, I quite often stop myself when I know the cost to my future self. We need austerity in order to save this planet for future generations. Hard money would end our throw away society.

People are learning about the dollars, there will be a tipping point when there’s enough shift, they’ll start asking questions. It’s happened throughout history.

That’s not true, i don’t think about dollars any more, I think about bitcoin, more bitcoin = better. NGU (number go up) Is a Trojan horse for: FGU (freedom go up) Any time in Bitcoin and you start to realize this is the real reason you’re in it.

Sure but freedom doesn’t have units

Stay well clear of Bitcoin is my advice to you, some people don’t need it, or freedom for that matter. You are one of those people, I’m happy for you.

I’m just saying you only care about bitcoin because it’s worth a lot of dollars!

That’s not true, for me. Sure, the vast majority are in it for Fiat gains, they still don’t “get it”.

What is there to get other than it’s worth a lot of dollars and dollars buy freedom

Money is a means to store and measure energy, base properties for stores of value. Fiat ($USD): Social energy = weak Gold: Social Energy + Physical energy = strong Ethereum: Social energy = weak Bitcoin: Social energy + Physical energy = strong Beanie Babies: Social energy = weak

This is just some woo woo nonsense you made up lol, you might as well be selling crystals and supplements

Not much, just decentralized, trustless, permissionless, censorship-resistant, immutable ledger, fixed 21M supply, proof-of-work security, global peer-to-peer network, transparent public blockchain, pseudonymous transactions, no central authority, deflationary design, open-source protocol.

I see and the power to run all that will be paid for in…

The perfect money that also measures the power that’s used to create it. Symbiosis, as opposed to what we have now, which can’t measure shit because it’s printed tirelessly into oblivion. Do you see?

There ye gooooo open.substack.com/pub/proofofs...

I’m actually drafting an article about decentralisation and why it matters, in plain English. I’d appreciate intelligent criticism of it when it drops.

More precise: the inflation of the dollar and all the other fiat currencies.

Bitcoin suffers infinite inflation as well!

Not inflation ...just pure volatility Needs its own VIX index

No, it's limited to 21 millions. It's one of it's key attributes.

Sure. How many sats are there

that does not matter

The answer is infinity! And if transactions get made in sats… there will always be more sats, and inflation will occur

If you believe, you found the bug in Bitcoin, please report it to the project: github.com/bitcoin/bitc... You'll become famous, i promise. Spoiler: you didn't find it.

Quantum for one!

Best answer ever.

There isn’t a big, there is just the simple fact that people only care about it because of dollars

Till u realize that Quantum has already broken the Encryption Limited amount don't protect from VIX ...volatility Bitcoin's ONLY major attribute is allowing Banking system avoidance to transport funds from A to C ...yep, B for Bitcoin Good ..but again, till Quantum Retirement plan? Not so much

That’s its only use huh? You poor soul, study more. If Bitcoin encryption was broken, why haven’t “they” gone after the millions of softer targets. Sorry, you’re misguided and pretty much full of shit.

I'm many things ...poor, I'm not. Was around and fully operational when AES resolved certain "issues" U familiar with AES? ..U Study! I'm full of shit? Sure, whatever you say...

I never called you poor. You can be wealthy and blind or ignorant. If you’re wealthy, good for you, YOU don’t need Bitcoin, there are 2 billion people on earth that wouldn’t be allowed in a bank if they could get to one. They need it.

Now calling me blind or ignorant U need a mirror ASAP Bringing the ..."Bitcoin's helps bankless 2 b....earth" propaganda with me ..Worked on U Nothing is ever done 4 the masses Convenient that the code appears out of nowhere when AES didn't perform well enough anymore DES, AES, BitC, ...Q

AES, that’s something to do with encryption right? lol *eye roll*

U study

PEOPLE NEED TO KNOW HOW MANY BLOCKS THERE ARE. DAILY!

Here you go: mempool.guide

Try to imagine a world where people think differently to you.

Try to imagine a world in which bitcoin has a non-dollar value

Its currently worth over a hundred thousand dollars. But please. Do keep believing whatever it is the TV tells you.

Right! You can only express its value in dollars. People only care about bitcoin because of dollars!

Would you prefer Yen ? Euro ? Eth ? Kilowatt hours ?

Every single one of those things ultimately denominated in dollars!

Do you understand how stupid that statement is ? Any unit of account can define any currency in terms of its unit. Gold can be priced in terms of dollars,yen,euros etc sterling can be denominated in rouble,riad,lira etc This isn't the gotcha you seem to think.

Sure it is. People only care about bitcoin because it’s worth a lot of dollars!

Sigh. We are back to where we started. Ie your inability to understand that because YOU think that, naturally other people must. Not all do.

I think of it as a derivative for corruption broadly.

That is somewhat true for me. If dollars weren't specifically designed to lose value over time, and weren't used for censorship, and weren't abused by governments for atrocious acts, then I probably wouldn't care about Bitcoin as much.

I regret to inform you governments can still make payment processors follow their laws in bitcoin

How does a government stop someone from transferring Bitcoin to another person as a payment?

By arresting them

How does arresting someone stop the payment they made?

The state’s monopoly on violence famously has an important deterrence effect!

Big difference between having to throw someone in jail to stop them from transacting versus just making call to a bank to stop them.

Oh I’m sure they will just end up calling the wallet companies anyway

'Wallet companies' don't have any control over what users do. Some dictator can call them until they are blue in the face, can throw them in jail, torture them, whatever, it doesn't matter. They can't stop transactions, can't freeze accounts, cant confiscate funds, and have no personal information.

I don’t think any of them know WTF they are talking about.

I feel like I need to shower after watching this filthy display of stroking his tiny... ego...

Lutnick is just a grifting pos, that is trying to get as much out of Dumpy, before all the KFC and hamburgers claim him.

‘you are the crypto president’ 🤣 Trump understands nothing about it other than he’s bilked millions off his worthless meme coin All grift, no substance- yeah he’s the crypto president all right

Oh swell.

Feel like playing a certain Fleetwood Mac song.

The gold gewgaws in the oval office have fornicated and their spawn are now populating the walls in the cabinet room.

It’s funny that this administration is so anti public schools because they’re literally living the privilege as a reward for struggling students.

Didnt he mean crap president?

Bad trust assumptions with this use case. But a noble attempt.

Well, if it's on the block chain then every little minutia is recorded and traceable. Not sure Lutie is aware of that because no doubt they want to lie and cheat.

Are we sure he didn't say "klepto"?

Pete's wondering if anyone can tell he has whiskey in his coffee cup👀

vomit verb 1 he needed to vomit BE SICK, spew, heave, retch, gag, get sick; informal throw up, puke, purge, hurl, barf, upchuck, ralph 2. I vomited my breakfast REGURGITATE, bring up, spew up, cough up, lose; informal throw up, puke, spit up. noun a coat stained with vomit VOMITUS, informal, puke

Corruption at its finest

Why in the world do we have all these white old looking fools sitting around the table messing up America why?😒

CRINGE CRINGE CRINGE

Makes zero sense!

He totally is the crypto president. A gold sprayed, overhyped lie built on nothing.

Crypt-keeper President.

Laughable if not so stupid.

You are a giant sweaty orange bag of shit president.. I love it

About the *only* use for blockchains is for verifying transaction chains. So if a report is released, and the next report doesn't show an immediate chain between them, you know something is hinky.

Watching theses cabinet meetings literally make me sick.

Which blockchain? There isn't actually just *one*. *Each* cryptocurrency is its own chain. It makes me wonder if this guy knows that or not.

It’s an excel file called blockchain.xls

Come on, these pigfuckers are definitely using blockchain.csv

Cell 23A: "Hidden, poorly internally labled "fiat@" account (-$8 trillion)"

Put it on the csv chain csvchain.com

Deeply outdated file extension for Excel, nice touch 👍

The biggest and most beautiful blockchain of course. Has to be golden too.

You needn't wonder. Nutlick is an idiot, nearly as dumb as his Dear Leader.

Idiots harming US citizens daily

Lolol!! What??? What is he fucking thing about???? If you are invested in Crypto, get your antenna up! This is going to go south soon!!

"Tales from the Crypto keeper"

Wait - did he say crypto or grifto ?

It's energy usage...crypto transactions and mining burns more fossil fuels. Well that and it funnels money from poor suckers to the rich in a ponzi-esque fashion. Oh, and apparently it's great for bribery.

The answer to all of your questions is, money. Who benefits financially from this?

Everyone else around the table is thinking, "WTF is Nutlick babbling about?"

It’s idiots all the way down.

Poor Andrew Yang has lost his one schticky line to Lutnick of all people

Lutnick misspelled "Corrupt President".

The corruption, insider trading, and market manipulation continue without oversight. Trump’s billionaire friends get richer while average Americans pays higher prices for food, gas, cars.

All of us are subsidizing their corruption

The Creepo President.... 😆

What does it even mean?

Why do I see Howard posting DoC stats on flyers on chain link fences.

I think he meant psycho president.

I hate hearing Nutlick talk.

So much astonishment from every one of these cabinet members. Dazzle 'em with techno sounding bullshit, Nutlick.

In Phase 1 it's going to be a manual process to log the statistics which get recorded. But Phase 2 is where it gets really exciting when they will have integrated technology to directly record the figures from Trump's butthole without manual "intervention."

Do you have any good sources on this? I made assumptions about (heh) the trust assumptions of the application.

The "Klepto" president

I'm sure all of that will be extremely trustworthy.

It's an apt description if used in the pejorative (I know Nutlick meant it as a compliment, but nothing he says has any meaning.) "Cryptocurrency" is a concept dreamed up to convince people that imaginary value in some magic number is real. The Cryptopresident has imaginary intelligence & skills.

I worked for one of the world’s biggest financial orgs in ‘15-‘18. One of the most important in the world Sat w/ the CEO talking blockchain for ten minutes back then. They were so excited about all the potential uses. I asked for specifics but it was all “evolving” Still, there remains no use case

Except for buying guns and drugs on the dark web, I guess

Their ideas of what Ai and crypto can do for us is…overstated.