0 sats \ 0 replies \ @TheBTCManual 11h \ parent \ on: Grand Theft Auto VI is launching in fall 2025 gaming
LOL if this is your job description - https://www.theverge.com/authors/ash-parrish
Then interest rates are not nearly high enough
Lol and if you're on PC you'll have to wait til 2027 for a stable release.
I wonder if they would have released in 2025, if their stuff wasn't leaked by those minecraft kids
Already products like this Blink wallet offers it, Fuji Moneys FUSD on Liquid and eCash mints can do it, but like fiat it requires a counterparty to manage and then again these BTC-backed USD isn't interoperable with many payment providers so where are you spending it or using it?
That is some bleak reading, I guess some people could sell up and move to a anoterh country to extend that runway, but sadly it looks like a lot of people primed to require government assistance to stay afloat because theyll continue to ignore bitcoin
Oh gubbermint please save me
Lol people really love this de-dollarization trip, yeah I get it BRICS countries don't have access to dollars/have liquid dollar markets anymore and don't want to hold the bag of US treasuries that can be rugged, and trading in local currency of each nation is inefficient but who else is going to hold this unit but central banks for clearing?
The company, the average person isn't going to get units, they're just going to see their countries local CB spit out their local shitcoin on each end thats still devaluing faster than the dollar and thats a lot of people and companies still wanting dollars, because they haven't figured out Bitcoin yet
I think I get what you're trying to say if we;re on a bitcoin standard and deflation continues to compound those smaller transactions will be valuable in real terms and sure that could be a possibility
But even if everything is priced in sats the network itself will price out certain transactions based on the fees, no sense in making transactions where the fees eats away your entire transaction and leaves you with dust as change,
In that world we would be competing with the entire world for block space so it likely won't come cheap even if you are willing to wait
Absolutely, If you google like Stake it bought a Curaçaoan licence, but you can get your ass theres no servers sitting there or even much of an operation there
They often have complex structures with shell companies all over the place and banking services through proxies, so running your own bitcoin and crypto infrastructure is so much easier.
these sites are also uses as mixing services because casinos don't really operate like exchanges, theres reports of operations sending funds to offshore casinos and washing their funds and pulling out stablecoins or Bitcoin so that could be another source of funds moving in and out
Who knows what kind of ponzis projects get spun up over the next year and how much leverage gets built ontop of that considering the size of the Bitcoin market now, the numbers will be nuts and can drive quite a frenzy, I can imagine some of these institutions are not ready for it
Going to be a hell of a ride im sure
Yep, set up a lightning prism - https://github.com/utxo-one/lightning-prism-php
I don't think these people see Bitcoin as a store of value but as way to get value into the casino, they were going to gamble anyway, if they could do it with cash or their credit card they would,
But gambling often has issues with payment processing, and some people don't want these sites tied to them directly so Bitcoin offers a method of transfering value into these casinos
Also these offshore casinos cater to a global audience, its easier to just support Bitcoin and stablecoin deposits than try to partner with every skippy bank and payment processor in every country, it also reduces the need to manage charge backs which is a major ballache for gambling companies
I think of this often when the soft fork debates come around, like yes I know we need scaling if we are going to distribute the coins to enough people in a manner where they have more control, but you also don't want to risk stuffing things up, and with a system like this, we don't know how changes can affect things down the line
I don't think many maxis saw the inscriptions thing coming and how its caused its own issues and I think that's made the case for slow and steady changes even more apparent for the people in the back, who want to see Bitcoin as the base monetary system.
It needs to depart the niche its been in of speculation and magic internet money and move into something people use as a measurement of economic value like other established assets. I've realised that despite btc being verifiable, very few will do it, the majority will rely on trust and trust comes with time.
I believe as Bitcoin brings wealth to people who would have otherwise missed out on it, they get to bring their ideas into the world, they get to start businesses, improve their lives, and these peoples success stories will prove be examples that bring more people in to trust it a means of wealth preservation
Gen Z could be making more money inflation-adjusted meaning they can leverage even more of it with credit, I don't think previous generations could lever up their salaries that much for anything other than a house, but now you can do it for a lot of purchases
if you can service the monthly payment you can access a lot of capital, look at the crazy 7 year car loans, buy now pay later deals, pay day loans, and all these fintech apps where younger generations are aping into assets and liquidating when they need cash flow.
Also these generations like Millenial and gen z have given up on buying a home so that capital that would be locked up in a house floods into other things, like experiences, or other consumption items
If gen z is doomed so are the boomers desperate for yield whose investment firms are buying this high interest debt to try and cover shortfalls, they better hope gen z keeps servicing that debt.
If you one of the few who had an account with them or got an invite code for an alby about yes, its custodial, otherwise you can connect your own custodial wallet like blink or a your own node wallet
Lol Google will put gemini into every product, maps, search, mail, android, anything to make it seem like people are using it
He is part of this millennial money crew of clueless fin-fluencers who jump on every hype train of the day, make all their money from YouTube adsense and sponsorship shilling and probably just pays someone to write scripts for them to read, because all their content is just as empty as the ad reads inbetween