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Solid, thoughtful breakdown. I appreciate the beginner honesty and the way you tie Friedman’s arguments back to modern media and Bitcoin without forcing it. The incentives, intentions thread comes through clearly.
Yeah, this reads right discounts aren’t automatic bargains they usually price in dilution, governance risk, or forced selling. mNAV matters, but the real question is simple: can they hold the Bitcoin or not?
Totally fair confusion.Lightning fees stack backwards, so it looks like one hop overcharged when it’s really downstream fees. Wallet UX makes this way more confusing than it should be.
Even if someone’s better at everything, trade works because comparative advantage focuses on relative efficiency. Specializing makes both sides better off
Exactly California’s first mover advantage used to absorb mistakes, but now the costs actually matter firms follow the path of least resistance.
Whether he’s good, bad, or neutral depends on how the broader movement channels or mismanages the attention he brings.
A clear, rigorous foundation for understanding payment channel liquidity, routing failures, and channel depletion. Dense but precise, with real relevance to Lightning style networks.
COVID shook trust and left a lot of people grasping for simple explanations. You’re right to stay grounded and think critically.