Aaaand Farcaster pivoted from social media to flat out a crypto wallet! View quoted note →

Bluesky is trending towards less than 1 Million daily active users and that includes people silently liking ... That is the total addressable market of large world social media... And remember, almost everything else is better off with a slightly enhanced version of Email.

Scaling Bitcoin is the only long term solution for sovereign digital identity beyond the features that Pkarr already delivered on... If you want sovereign digital identity for organisations, or families, or individuals that don't want to opt in extreme security setup from day one, or if you are concerned about quantum for some reason... You need a total ordering of events, and that can't be done without a Blockchain and sharding through L2s... If you can secure bitcoins with covenants, you can secure identities too. Programmable money is programmable data so it can be programmable phone book.

I have said this and I will say it again; people are not just lazy or ignorant, the service is simply not valuable enough, if anything, people welcome not being able to use social media, they use it for the same reason they eat cheap fast food; they can't afford what they really want; IRL quality experiences and relationships. No one will pay to scroll, nor they should. View quoted note →

People say Blockchains don't scale then build protocols based on WoT... That is basically like saying; Hammers eventually break so I will just use my fist.

Rootstock (80% of Bitcoin hash power and no speculative asset to pay fees with) is insanely under utilized infrastructure... Even if you don't trust the federated peg that majority of Bitcoin miners seem to trust enough to get paid through, you have to admit it has much more track record than any Cashu or Fedi mint..