Techn gets adopted rapidly and in very unpredictable ways.
Text based search (google) looked lazy and sloppy and many expected “topic maps” to be the killer app of the internet.
Social media in many ways is a poorly designed email system merged with digital scrapbooking
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Merged with a dynamic and super sloppy mailing list.
The iPhone was a super obvious upgrade to the early windows phones as soon as high fidelity touchscreens existed, but the App looked completely backwards when all was going “web app.”
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So we should expect the #bitcoin tipping point to be equally unexpected and strange. Even a killer gaming experience, or a “like” = a “sat” seems like a very reasonable possibility so we should expect something much weirder.
Maybe it will turn out to be “corporate treasury”
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That’s actually my favorite theory at the moment precisely because it was so unexpected and odd.
So I don’t know what will be the final tipping point, but like all technology it will have one. And it will happen almost overnight. And bitcoin will go over 1M per BTC.
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And on that week or month I’ll be just as caught off guard as everyone else, but I won’t be the guy that got destroyed because he wasn’t patient and messed with scam coins or selling.
We will probably see $100,000 days before we hit 1M USD.
Why Greg Maxwell thinks #bircoin hardware wallets are a bad idea (even for noobs).
Greg is a legend that, among many other heroic accomplishments, discovered covert
ASIC boost - arguably the worst security flaw ever found with bitcoin.
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“I don't think very highly of hardware wallets. They're opaque, largely unauditable. Most are crapped up with sketchy altcoin support that forces them into objectively less secure cryptographic code and makes them harder to review.”
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“They're an extremely attractive target for supply chain attacks. An old laptop that never goes on-line is a lot better IMO, except where space/portability are a concern...”
We appear on a fast track to global socialism and we are living through the most destructive economic policies conceivable.
Truth has become a joke and almost everyone is participating in a cult of lies and government power
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And I must admit that I am not sure we can get out of this. I am hopeful bitcoin will survive this and be the tool that helps us escape future attempts to destroy the productivity of the world, but an Internet shutdown or global censorship of it is no longer insane.
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However this is not the first time things have been near or completely hopeless.
In fact one of the earliest stories that humans posses is of a centralized government established through violence that created a powerful cult based on epic propaganda and a false religion.
"The badness of the supply chain vulnerability is so severe that I just cannot recommend a hardware wallet except for casual low/moderate value use where it doesn't really matter what security properties you use."
-Greg Maxwell
"At the moment I think the best option at the intersection of security and usability may be a linux laptop/desktop that never runs any software other than your wallet. This doesn't require being a super-security wizard..."
This will take a month or two and he will be ready to write code for a real project. Not a lot of code, but this is the single most important milestone in his career - solving real problems.