/biz/ - Business & Finance

No.

>>11838210

>he thinks the hash war is over

>>11806414

You can own shares; you can start a company; you can control a company. You can compete. But if you can't compete, buy and let someone else do it for you. Companies aren't evil; some companies are; some aren't; some people are; some people aren't. It is always about the incentives, and at the end of the day, this is our incentive: if we have 100,000 nodes and we that because of merchants, we have a system that is more distributed than Bitcoin right now or any other system, and we can actually do that right now if we get away from the idea that every single person needs to run a bloody Raspberry Pi, and [we] start scaling, then we get real financial sovereignty for everyone.

Not manipulated money; not altered money. Really, hard, free currency. That's what this is about. Whenever you here someone who is an anarchist or a socialist---and I'm not going to get into the debate about a anarcho-capitalist type thing, that's a different thing altogether, but I mean a social-anarchist or whatever else---the issue is their anarchist because they're not the ones in power. That's all they want. They don't want your freedom; they want control.

What we have is not running your node. That is a myth. What we have is we scale. We scale big. Then no one stops it. No government stops it. No company takes control. We scale, we win.

So, if we look at this little Moores Law bit, we have storage grows. At home, I'm one of these evil people who actually invested a lot electricity-sucking power away and doing the best to ensure that I take all that electricity and make heat and help global warming because at home I've got several petabytes of storage. And that's my home.

And each of these people who say, "we should not be part of running this out big," who have been there for a long time. Again, time to wake up and actually supporting the network and piss off. We want to scale big time.

>>11787420

So, fee structures, I'll talk to people about that if they want later, but the idea that we want something that scales. We want innovation, development, profitability---profit does not go down to zero. Profit goes to the innovators; those who create. If you make something that is better---a faster ASIC, a faster wallet, as faster sigop---get paid for it. That's what Bitcoin is really about; it is not socialist, it is libertarian. That is capitalist, not crony-capitalism, not getting money from government: capitalism with people competing.

So we are going to add structures so that DDoS doesn't happen. In case people don't know, my past is with casinos for a long time. I've done a lot of things back from [inaudible]. I setup the first Internet casino that had a license. That was me and my company. And we were attempted to be DoS'd and attempted to knocked and attempted basically screwed by everyone who wants to take money and extort us for many years. Whether it's poker, whether it's gaming, or whatever else. And it's controllable and stoppable, and we're going to ensure with what we're setting up that miners and other know how to run a proper network without being knocked off the damn network.

Future: we want to increase revenue streams. Everyone, and I mean everyone should be making money here. We want to ensure that we have transaction and custodial-based revenue. Not us---everyone. This is a big, big potential industry. This is something that is global in nature. We are getting there.

we're nearly at Ten. Ten years. We should be competing with Visa now. Not later, not whatever else. Now!

It is coming up on ten years. That is one thousand times the scale, and we are not growing. Thirty billion dollars is not big. Thirty billion dollars is piss-ant.

[Points to screen.] That dot there is Bitcoin. When that dot there is everything, we have succeeded, and only when it is everything.

Thank you.