Chuck Larry

[Chuck Larry @chuck_larry1]

@bradmillscan Option 4: Can is kicked, but AI is such a strong deflationary force that it buys them a few decades

[Chuck Larry @chuck_larry1]

How do we know #GPT4 hasn't already broken free?

[Chuck Larry @chuck_larry1]

3) censorship won't be a problem, people will have the option to use a different app and see whatever content theese companies ban, this competition will also keep the big companies in check

[Chuck Larry @chuck_larry1]

If FB and Tik tok turn their products into a #Nostr interface:
1) they'll still be the market leaders, they can monetize the best bc they have all the data and users
2)their products will become more valuable to users bc of the increased amount of content
...

[Chuck Larry @chuck_larry1]

But, the email protocol has no finnancial incentive and everyone uses it

Nostr social media sites can monetize based on subscriptions or ads ... FB and Tik tok can adopt Nostr and still be market leaders bc they'll have the most personal data and the best targeted ads

[Chuck Larry @chuck_larry1]

How will Nostr work at scale if there is no incentive to run a server?

Is it possible to have all the same features as Nostr with a finnancial incentive to run a server?

@jack @elonmusk #nostr

[Chuck Larry @chuck_larry1]

@jakeeswoodhouse Because you can't print houses as fast as they are printing money

[Chuck Larry @chuck_larry1]

If bitcoin was the global currency, and say it was worth 100 trillion USD in today's dollars, how high would transaction fees be?

Would normal people be able to open their own ⚡ channel?

#bitcoin
@saifedean
@Breedlove22
@dylanleclair

[Chuck Larry @chuck_larry1]

The stock market should be a zero sum game.

With a fixed money supply, the value of the stock market would match the deflation of the currency.

#bitcoin #StockMarket

[Chuck Larry @chuck_larry1]

@buymortimerbuy @fiatjaf I agree that there is a scaling problem ... but I think the solution is too keep the blocksize at 1mb and scale using trusted 3rd parties. Decentralization at the base layer is more important than functionality, competition will keep banks honest if there is a solid base layer

[Chuck Larry @chuck_larry1]

This solution keeps the performance benefits of large servers, while keeping the censorship resistance of a decentralized network

@jack @elonmusk

[Chuck Larry @chuck_larry1]

How to fix the internet:

Create a protocol that incentives people to run nodes, using #bitcoin lighting network

This will tend toward a few large nodes, due to economies of scale

... but this is okay b/c if these nodes are censoring, they can be routed around

[Chuck Larry @chuck_larry1]

China is a bad place to invest because their regulatory system is very centralized, which leads to it being unpredictable

#China

[Chuck Larry @chuck_larry1]

Why gold could gain a monetary premium after a BTC standard:

1) On a BTC standard, government may have less power to outlaw private gold banks

2) SHA 256 being solved will always be a looming threat for #BTC, gold hedges against this possibility

[Chuck Larry @chuck_larry1]

Unpopular opinion:

#BTC exchanges are necessary, self-custody is inefficient for most (especially corporations and governments)

Having said that, exchanges have a long ways to go to improve transparency and trustworthiness

[Chuck Larry @chuck_larry1]

Why I wouldn't buy Disney stock:

AI video generation may allow anyone to generate a movie that would cost hundreds of millions today

#DIS

[Chuck Larry @chuck_larry1]

3) Finance companies: If financial assets loose their monetary premiums bc of #BTC , finance companies will collect less from fees

[Chuck Larry @chuck_larry1]

2) Banks: BTC lightning network or something like it will eliminate the hefty fees that companies like VISA currently charge for transactions #BTC