First, I'm a #Bitcoin maximalist, not a skeptic, yet always looking at potentially sound arguments against it (as we all should if being intellectually rigorous). Just watched this video with Patrick McKenzie: "Why Crypto Will Never Fix Payments" One of his arguments against using Bitcoin or crypto as payments is that its lack of infrastructure for dispute resolution and refunds, (which I think we all believe are valuable aspects of the current system for consumer protection) and he asserts this could hinder adoption as a mainstream payment method. Of course some Layer 2 solutions may help solve some of these issues, but they may not, refunds and dispute resolution by nature require a trusted 3rd party intermediary. My first thought is that having a 2 or 3rd layer solution on top of Bitcoin with some sort of smart contracts for this "might" be helpful but not quite sure. Just curious if any Bitcoiners have thought this aspect through and if I'm missing a smart innovative answer to this objection for using it as a payment method and not just a store of value.
You know how boring and sad it gets watching Bitcoin sit here in the 60k's for like 6 months? Pretty soon we'll have this exact same feeling in the low 100k's... 100k will feel SO boring.
After screwing around on #Nostr for a bit, reading, researching a lurking why not make a formal #introductions (I only have a handful of followers right now). Still trying to figure out the ins and outs here but happy to be early. It's genuinely so much better content than X and other social accounts. X has more variety but more noise. I've made my living starting or buying businesses and helping other businesses grow through marketing and #artificialintelligence I stumbled into #AI and enjoy enabling others with consulting and projects but I have a love/hate relationship with it. It's fun, but feels soul-less... so I try to put a little bit of mine into the projects I create. As a former finance professional, I was a very late adopter to Bitcoin. Started dabbling in 2017 but then my friend Tai Zen was encouraging me to look into it in 2013 and I scoffed "that's never going to be money or a currency brah, because reasons" But when he came back to me in 2020 and said it's game time I started to listen, read, watch and drink from the firehose. My finance experience actually worked for me b/c I saw the bullshit happening and Bitcoin clicked a lot quicker. Of course I was Bitcoin AND shit coin for the last bull market and learned a VERY hard lesson. Ouch. Sold the Shit, Kept the Bit... And kept adding to it. I'm constantly amazed at how addicted I am to Bitcoin news, narrative and nuance. I'm all in, maxi style and you'd think I'd say "I know enough, next topic" but it's crazy how this doesn't get old and you keep finding nooks and crannies of info to devour. I appreciate the hell out of every Bitcoiner out there who is creating great financial content to encourage no coiners and reinforce Bitcoiners. Much love to you. I just loaded my wallet and plan to try zapping a few people and get the most out of Nostr - but I'm still learning and would love any insights y'all have. That's it for now. I'll be back. #bitcoin #plebchain #grownostr #entrepreneur #asknostr
Life is all about perspective. #Bitcoin image