Post by chris co

1Pif9p…3xcE Unverified · twetch

In theory, every computer could use one or more bitcoin addresses as their unique internet address. It would directly enable every computer to receive micropayments. As a side effect, it would remove the administrational overhead of the internet providers havig to assign IP addresses. But this of course would also mean that these internet providers would have to change their business model, and that the government would have to find new ways to "regulate" online activity. This constitutes a challenge to both internet providers and the government.

258 983 sat
1Pif9p…3xcE Unverified · twetch

Add to this all other business models threatened by digital micropayments, and it is clear why bitcoin is more than just a threat to the banking system. It is not just a new way of payment. It is a complete rethinking of what the internet can be.

258 983 sat
What the chain says
Block
962 098
Time
2026-08-13T06:23:47Z
Signer
1Pif9p9Cdd7mngkkU1CUZ3RvmT5ToP3xcE
App
twetch
Type
reply
Content type
text/markdown

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1Pif9p9Cdd7mngkkU1CUZ3RvmT5ToP3xcE Unverified

Replies (10)

1Pif9p…3xcE Unverified · twetch
Replying to@1Pif9p…3xcE

Personally, I think the question of "Can the bitcoin blockchain sustain itself in the longterm?" is still unanswered. But if it indeed can, and bitcoin proves itself to be a stable invention, then the bitcoin internet is as inevitable as a wooden cart after the invention of the wheel.

258 983 sat
1Pif9p…3xcE Unverified · twetch
Replying to@1Pif9p…3xcE

It may take a long time however. In light of the overwhelming opposition that bitcoin is facing, I can think of three scenarios:

  1. AI growth will require blockchain technology to be adopted at scale.
  2. A bitcoin hacker culture will build a parallel internet that can be adopted by mainstream later.
  3. Our internet (and possibly society) becomes dysfunctional to the point that integrating bitcoin as a layer of trust will be seen as the logical way forward.
258 983 sat
1Pif9p…3xcE Unverified · twetch
Replying to@1Pif9p…3xcE

Even if bitcoin should succeed, I do not think it will automatically send us into a some sort of grand utopian outcome. Bitcoin is a tool. But we are still very early in our understanding of how to use it. Right now, we are in this historical moment in time to experiment, and play with it, and dream about what it can be. That is what is so exciting. That may change in the future. The more bitcoin will integrate into day-to-day life, the more boring it will be. Something to keep in mind!

258 983 sat
1aUt6N…jRpF Unverified · twetch
Replying to@1Pif9p…3xcE

You should come checkout what we are doing with the ANNE network
with the incoming ghost-net upgrade
we no longer IP's to connect nodes

see the thread below for info
official site is anne.network
but new developments are yet to be documented

Ironshirtz 2mo

ANNE is the Queen of the Hyper stream
Not just a coin, more than she seems.

258 983 sat
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