Building the Atomic Economy at @synonym_to.
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Joined December 2013
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- Following2.5K
- Followers76.1K
- Likes38K
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You know how they tried to kill torrents and totally failed?
Imagine if we built everything that way.
That's what we do at @Synonym_to.
BitcoinErrorLog retweeted
Two weeks ago at Plan ₿ Lugano we presented Paykit, an open payment coordination protocol, now live in Bitkit. get.bitkit.to/paykit
Now we're preparing a BIP.
Why? Legacy, SegWit, Taproot, BOLT 11, BOLT 12, Ark… interoperability is a mess.
If every wallet uses Paykit, no wallet has to reinvent payment requests or subscriptions again. Launching a new Bitcoin protocol gets much cheaper.
BitcoinErrorLog retweeted
Bitcoin and USDT. One wallet.
Bitkit now supports Tether, and it works in Pubky ecosystem too.
Pay in whatever you hold. Get paid in whatever you want. get.bitkit.to
Try pubky.app for a new web experience.
You can even log in with google now, and STILL convert to a self-custodial account anytime.
BitcoinErrorLog retweeted
It is your thesis that requires the number to go up, not the money use case itself.
If Bitcoin only works while the price rises, it is just another pyramid scheme, a community bank account.
How would that be any different than my salary always needing to go up to beat fiat inflation?
Where the hell does the constant rise come from if Bitcoin can't even scale past 10M active users?
What happens when everyone that needs BTC has it already? How does the price go up?
What happens if we do not denominate in fiat? Does purchasing power also have to go up infinitely? HOW?!
Does supply not interact with demand in your thesis?
Settlement is a concept that is ultimately subjective to the counterparties in a trade.
The value is always in your head; not the money, not the credit, not the goods.
The correct phrasing, imo, would be that "bitcoin can be used as money" and that money is also a concept of using something as proxy value for the thing you actually want.
Every other concept of money results in subjective nonsense with checklists and phases, like MoE/SoV, all designed as cope, and pure evidence of their goal not their understanding.
Bitcoins are key-locked numbers in a shared database that can be reassigned to other keys. That's it.
It's not "sound" money, nor can it fix everything, nor is it digital energy. It is only a store of value in the hyper-literal sense, that it stores an actual numerical value inside of a database.
Medium of Settlement is a better goal for bitcoin than Medium of Exchange
Payment systems and credit cards are intermediaries of exchange and settlement. The medium of the settlement is 1000x more powerful than the medium of the exchange.
When a government establishes a legal tender, the law is that it must be accepted to settle debts, not that it must be used for exchange, because settlement is the foundation of everything
What you didn't realize is that the Bitcoin Memes were idiot tests.
When they got you to chant "Number Go Up" is when they won.
Want your pride back?
Change the meme to "black market money."
BitcoinErrorLog retweeted
40,000 lovely people subscribe to my youtube channel
Add that to not one but two 150,000 view videos in about one month
Get in 🏆
BitcoinErrorLog retweeted
This is one of my favorite new features for a bitcoin and USDT wallet: subscriptions.
Your coach, your landlord or a creator you support sets up a recurring payment with you in Bitkit. When it’s due, the request shows up in your wallet and you pay it with a swipe.
No card on file, and no company in the middle.
Cancel anytime. get.bitkit.to
BitcoinErrorLog retweeted
BIP 110, looking back.
@BitcoinErrorLog gives his thoughts on it.
A new episode was released, S17E11, featuring @BitcoinErrorLog in an episode about Bitcoin Depression, Bitkit and Pubky.
John Carvalho has been on the show before. He is the CEO of @Synonym_to which has developed self-custodial mobile wallet @bitkitwallet and @getpubky a social tagging protocol aimed at trying to give data sovereignty back to users.
This interview deals with
🍀The origins of Tether on Bitcoin
🍀Concerns about Bitcoin’s long-term sustainability🍀Synonym’s vision
🍀John's fashion brand
🍀The limitations of trustless systems
youtube.com/live/l58nYpu7zks…
So, Bitcoiners are mad because he said Bitcoin adoption isn't keeping up with overall growth in ES?
Is that all?
When they taxed the information, it was to stop it from flowing.
...what they didn't realize is that it only stopped flowing to them.
🔴 🇫🇷 ALERTE INFO - DU JAMAIS VU: UNE TAXE SUR CHAQUE GIGAOCTET INTERNET VOTÉE À L’ASSEMBLÉE
Les députés ont adopté un amendement prévoyant de taxer les producteurs de données numériques à hauteur de 5,5 centimes par Go transmis.
💰 Objectif affiché : jusqu’à 10 milliards d’euros par an.
Netflix, YouTube, cloud, jeux dématérialisés… les grands services numériques pourraient être concernés, avec un risque de répercussion sur les prix pour les consommateurs.
📌 Source : Assemblée nationale
#France #Budget2027
Next year, using the internet will be safer than it ever was.
By this time next year, it will be almost impossible to safely use the internet.
- Instant messaging will be rife with fake or hacked accounts.
- Social media will be 99% AI-generated content, perfectly designed to maximise your addictive response.
You'll be forced to employ an AI "food taster" - much like spam filters do for your email - to to ensure you are safe while you browse.
Alternatively, you could unplug from the internet, connect with your community, and touch grass.
My guess is people are going to be doing much more on both.
BitcoinErrorLog retweeted
Like Apple Pay, without Apple.
Click buy. Approve on your phone. Done.
No card network. No middleman. No custody.
get.bitkit.to 👈
BitcoinErrorLog retweeted
Free, open source software protocols and applications of an entirely user-controlled version of the web.
The more people use it, the more power they take back from the system.
What else do I need to say?
Everyone says “open source everything”.
Few actually do it.
Here is everything we showed at Plan ₿ Forum in Lugano. Not a roadmap. Code you can read, run and fork today.
Paykit, pay anyone from their key
github.com/pubky/paykit-rs
github.com/pubky/paykit-serv…
Locks, put a price on a post
github.com/pubky/locks
Pubky Marketplace, your shop on your own server
github.com/pubky/pubky-marke…
Pubky App, the social app
github.com/pubky/pubky-app
Bitkit, self-custody bitcoin wallet
github.com/synonymdev/bitkit…
github.com/synonymdev/bitkit…
Pubky Ring, your key is your sign-in
github.com/pubky/pubky-ring
Pubky Passport, the easy way in, key still yours
github.com/pubky/pubky-passp…
Homeserver, your data on a server you can leave
github.com/pubky/pubky-homes…
Nexus, the indexer behind the feeds
github.com/pubky/pubky-nexus
Pkarr, names without a registrar
github.com/pubky/pkarr
Read it. Build on it.
