#Bitcoin #inscriptions and #NFTs are, at least right now, stupid, and yet they are legitimate and legal according to natural law. Don't cry about it like a whiny baby. Let the dickbutt idiots and JPEG chimps get priced out when they realize that it's not worth the money. In reality, inscriptions are going to find very important use cases for those who find it worthwhile to pay a large fee to post info to the blockchain. This will be the ultimate WikiLeaks and immutable filesharing service for when it is extremely important, and we can always just ignore these people and use scaling solutions and proper coin control to keep our transactions cheap and fast.
NFTs might also have other use cases, like verifiable, trustless title of ownership of non-BTC property such as land or company shares, though the Bitcoin blockchain or its L2s may or may not ever become a particularly good base layer for this: this may be more likely to remain a service offered by a central equity exchange like the NASDAQ and a few conpetitors, or by a somewhat decentralized alternative network running on Proof of Work that's intended for title records only and not money. NFTs are shit right now, and proof of stake is a shitcoin. The possibilities for the technology in the future are great, but not a single altcoin out there at the moment is a sound investment, and nothing else is real money like Bitcoin is.
The reason Bitcoin is the only place to confidently put your wealth is that investing is a full-time job, trying to predict minute details about the future. I like to do that kinda thing, hence my predictions about shitcoin innovations becoming less shit in the future - most people would never imagine something so retarded (most people didn't conceive of the computer mouse before it was invented too, or email, or publicly traded shares of a company - all retarded inventions). I like to think that I'm pretty good at understanding the universe and innovating and predicting, but it is quite risky.
Saving money on the other hand is simple AF and basically risk-free: stack sats, learn a little about bitcoin regularly to maintain your stack safely and privately, and stay humble 🤙🧡
So do what I do and don't worry about what the free market does: that's the one thing you can trust. And don't do what I do and invest in speculative crap like stocks unless you are simultaneously good at economics and prepared to lose money. I just like that kind of suffering.
Video covering why you shouldn't worry about what the free market does to Bitcoin fees:
https://youtu.be/N03EumFv4kY
I love Bitcoin University.
Kevin's Bacon
npub18hd…8059
2024-03-23 23:17:32
Author Public Key
npub18hdy2qy2qwga0ye7rtnucwuyf07erjfdmm7s74wwdt7sy4mk7tdsdd8059Published at
2024-03-23 23:17:32Event JSON
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"content": "#Bitcoin #inscriptions and #NFTs are, at least right now, stupid, and yet they are legitimate and legal according to natural law. Don't cry about it like a whiny baby. Let the dickbutt idiots and JPEG chimps get priced out when they realize that it's not worth the money. In reality, inscriptions are going to find very important use cases for those who find it worthwhile to pay a large fee to post info to the blockchain. This will be the ultimate WikiLeaks and immutable filesharing service for when it is extremely important, and we can always just ignore these people and use scaling solutions and proper coin control to keep our transactions cheap and fast.\n\nNFTs might also have other use cases, like verifiable, trustless title of ownership of non-BTC property such as land or company shares, though the Bitcoin blockchain or its L2s may or may not ever become a particularly good base layer for this: this may be more likely to remain a service offered by a central equity exchange like the NASDAQ and a few conpetitors, or by a somewhat decentralized alternative network running on Proof of Work that's intended for title records only and not money. NFTs are shit right now, and proof of stake is a shitcoin. The possibilities for the technology in the future are great, but not a single altcoin out there at the moment is a sound investment, and nothing else is real money like Bitcoin is.\n\nThe reason Bitcoin is the only place to confidently put your wealth is that investing is a full-time job, trying to predict minute details about the future. I like to do that kinda thing, hence my predictions about shitcoin innovations becoming less shit in the future - most people would never imagine something so retarded (most people didn't conceive of the computer mouse before it was invented too, or email, or publicly traded shares of a company - all retarded inventions). I like to think that I'm pretty good at understanding the universe and innovating and predicting, but it is quite risky.\n\nSaving money on the other hand is simple AF and basically risk-free: stack sats, learn a little about bitcoin regularly to maintain your stack safely and privately, and stay humble 🤙🧡\n\nSo do what I do and don't worry about what the free market does: that's the one thing you can trust. And don't do what I do and invest in speculative crap like stocks unless you are simultaneously good at economics and prepared to lose money. I just like that kind of suffering.\n\nVideo covering why you shouldn't worry about what the free market does to Bitcoin fees:\nhttps://youtu.be/N03EumFv4kY\n\nI love Bitcoin University.",
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