BitcoinMike

I feel myself witnessing the end of the internet as we know it, the dead internet theory seems to be coming through. Scams, bots, AIs, etc. Everything feels like a ploy to farm fiat. Today i feel more done than i ever have before.

@walker i appreciate your content. Thanks, good stuff with Paul Keating.

Bridge to a moneyless society. Bitcoiners should read this. I genuinely want feedback. I cant stop thinking about this. Some of us have always thought bitcoin is the bridge to a moneyless society. The how was something i personally needed to grasp better. Now that i see a more clear picture of whats happening with AI it makes sense. AI can only create things for us using energy as energy is the real currency. The open source AIs become decentralized and personalized to each person, AI will need an energy backed currency to create things. Bitcoin seeks energy like an alpha predator. Im starting to wonder if AI ends up with all the bitcoin and transacts for us but it stays decentralized. Humans just literally tell the decentralized AI what it wants and you get it. The efficiency becomes exponential. This would literally lead to a world of no companies. Marx theorized that the machines would take out the skilled laborers first and leave the capitalist. He has been proven wrong recently with things like moltbots and he did not account for the creation of an energy backed currency. The companies and ceos and their extensions goes down first and the skilled laborer goes last. It is why the printing of money will become exponential because those companies will continue to need bail outs but they ultimately lose to an AI/bitcoin world that gives abundance to humanity (By skilled labor i mean something that moves atoms like plumber, or massage therapist, for now at least) I want to write a substack about this. Could all the bitcoin end up in decentralized AIs hands? @Jeff Booth points out you either provide value to the world or part ways with your bitcoin, at some point all the value is produced by AI. @Jeff Booth @preston @walker @Knut Svanholm ∞/21M @Michael Dunworth @James Lavish @Peter McCormack @Danny Knowles

https://youtu.be/s7-l7gzm_PE?si=gA5_nImkh2NNYEWg @Michael Dunworth this is what you have been saying

This is the thing I can’t get passed and why I personally lean toward core. Everyone has this idea of what they think bitcoin should be, it’s literally designed in a way to combat this. In doing filtering (if it even works) you basically censor the chain and invite all sorts of legal issues. Monetary use is whatever the market says. Eventually the incentives wipe out the use of the spam. As fees rise why would any idiot waste their time putting this nonsense on the chain. I think of lot of cores thoughts are getting lost in translation because people just label them as pro spam, it’s way deeper than that. I don’t think anyone in core nor @703e26b4…a08d1898 is pro spam. Before all this half the bitcoin world believed Back was Satoshi. It almost feels like it’s as simple as either bitcoin is censorship resistant money or it isn’t. https://x.com/breedlove22/status/1982529896095322579?s=46… All of that said, I still know so little about this myself and always willing to change my mind with more information and continue to listen to both sides with no anger or vitriol toward anyone. I

https://x.com/bitcoinpierre/status/1980688983752601689?s=… @Pierre Rochard perfect!

Lots of legit influencers running knots, people I respect, however their idealism reminds me of the cobra problem. Be careful. This makes me want to run core. It almost seems like the knots side wants to keep bitcoin censorship resistant money by censoring it. Personally I believe in satoshis game theory and the incentive structure plays out accordingly. For reference The “cobra problem” in India is a classic story about perverse incentives—a situation where a well-intended policy actually makes the problem worse. Here’s the background: • During British colonial rule in India, cobras were a major danger, especially in urban areas like Delhi. • To reduce the population, the government offered a bounty for every dead cobra. At first, this worked—people hunted cobras and turned them in for payment. But then an unintended consequence emerged: • People began breeding cobras just to kill them and collect the bounty. • When the government discovered this and ended the program, breeders released their now-worthless cobras into the wild. • The end result: the cobra population actually increased, making the situation worse than before. This is where the term “cobra effect” comes from—used in economics, public policy, and business to describe when an attempted solution to a problem ends up exacerbating it because of misaligned incentives. https://x.com/l0lal33tz/status/1971319651675041960?s=46&t… I would rather listen to @calle @703e26b4…a08d1898 and others, than people’s emotional idealism.

https://youtu.be/M89AAmoOtPM?si=THqHZV9DXKLrOOdS Ben Goertzel one of the leading minds in AI constantly uses the term decentralized with blockchain itself. He wants to combine AI and blockchain thinking it’s decentralized as well as having AI on the Ethereum blockchain. I wish someone in the circle of engineers would talk to him about whether this is possible or not. Maybe I’m wrong on this and a way to decentralize AI on a blockchain is possible. If so educate me. Lately I feel like people in the bitcoin space really need to pay attention to AI, bitcoin and AI feel like two perfect storm events. @preston @Jeff Booth @703e26b4…a08d1898 @jimmysong @Michael Saylor @Michael Dunworth