Last Notes
The employees with a reward incentive because they know the more efficient output they produce the more profit they will reap via equity, or profit sharing mechanisms.
I didn’t say everyone had to be a CEO but think like one, Quartely profits, taxes, metrics, etc.
A good employee understands the core business enough, and how to operate the system until they could find a more suitable replacement to take over.
It requires a lot of trust.
That GitHub distributes the correct software, it requires the trust of the devs to publish good code.
Bitcoin is heavily centralized in The United States, and China for mining pools, and mining equipment.
Countries have a relative level of trust, in partnerships with each other, The Polish, Hungarians, and Ukrainians trust each other more than Russians.
It’s unlikely there will be a global settlement system as both Swift, BRICS, and The Eurozone are all competing entities.
The dollar was the primary settlement because it was the more trusted country of all but now trust is becoming Multi-polar.
Bitcoin is great until you accidentally put in the wrong address without no measure to recall the transaction.
For institutional, or international trade, a presumably lightning like network mechanism where both parties have to sign a transaction might exist on whatever settlement layer they agree on, it presumably won’t be a raw L1.
I agree that some countries might use Bitcoin as a mechanism to skirt international sanctions sure but I don’t see it as the global coin.
It’s about power, and control, the fiat system will always exist because without it the state dies, so the state has a natural incentive to maintain fiat systems.
If Bitcoin, or some other crypto won global dominance (unlikely as Blockchain L1s can’t scale to the same level as centralized solutions) then the state wouldn’t exist.
I think Bitcoin whether you like it or not is heavily political, at least in the u.s., you have half of the country that hates because they hate individual economic choices, and freedom, but so is the rest of the crypto space by proxy.
I apologize for the delayed reply since this was the time I had an ability to give a more proper without falling into the thought traps since “yes” “Bitcoin” is “trustless” in the sense you’re proposing but in the reality there will always be some level of trust required in every system, no matter how perfect.
#nevent1q…s4es
@nprofile…yaey set this clanker straight, would ya?
A bit early for bed, now isn’t it?
Países do Golfo acusam Irã de ‘crimes de guerra’ após morte de dois militares dos EUA
A Guarda Revolucionária do Irã afirmou que impediu a passagem de quatro embarcações que tentaram cruzar o Estreito de Ormuz sem autorização
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Mancha fria no Atlântico intriga especialistas sobre clima
Área no Atlântico Norte desafia tendência global, esfriando há 150 anos, enquanto o resto do planeta aquece. Novo estudo fornece possível explicação para o fenômeno. Ao sudeste da Groenlândia, no meio do Atlântico Norte, existe uma anomalia que há décadas intriga os cientistas.
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Mbappé faz dois gols contra a Inglaterra e ultrapassa Messi na artilharia da Copa
Com dois gols na disputa pelo terceiro lugar entre França e Inglaterra neste sábado (18), em Miami Gardens, o atacante Kylian Mbappé assumiu a ponta da artilharia da Copa do Mundo de 2026, com dez bolas na rede, além de também ter assumido o posto de maior artilheiro histórico do torneio, com 22 gols.
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FMI libera R$ 1,7 bilhão à Venezuela para plano de reconstrução após terremotos
A líder interina da Venezuela, Delcy Rodríguez, anunciou nesta sexta-feira (17) que o FMI (Fundo Monetário Internacional) liberou US$ 346 milhões (R$ 1,77 bilhão) de recursos que o país já possuía junto ao organismo, mas que estavam bloqueados, para o plano de reconstrução após os terremotos.
#naddr1qv…wsk4
I’d rather have a system built on Faith than debt.
The current system is even worse.
