Replying to Avatar TheBitcoinManual

For #nostr peeps who aren't really into bitcoin, but still want to receive zaps, and don't want to deal with bitcoin vol, you can have your sats auto-converted to USD or EUR-backed derivatives using Kollider wallet all working over Lightning so you don't ned to do much work, to enjoy your preferred unit of account.

https://void.cat/d/4JMiRcN691jpUAXkiXFCX8.webp

Download the chrome/brave/firefox extension, upload your nostr private key and use it as your primary key signing tool and you can set up an LN address with Kollider and assign it to your profile

Once set up, If you get sats sent to your wallet, you can have them converted to USD or EUR if you prefer using cuck bucks.

Note: This is a custodial wallet that uses LNDHub similar to Alby

To send zaps you needs sats. You receive zap you got sats. The number of your sats won’t change because of #Bitcoin price. If you buy some Bitcoin to send zaps, your number of sats also won’t change… How is this solution helpful in any way? Isn’t it there enforcing fiat thinking? “Look I received this many thousands of sats, its so many dollars, I should convert them to cuckbucks to dont lose out!” Come on man

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And the funny things is that if thinking straight, doesn’t matter which currency you’d use since value is created which in turn serves both fiat and bitcoin.

That's what I say, if the user wants to see USD on the screen so be it, the sats are still there hedging the price

While without creating any independent value, such as gold used to be, or oil was, the value in bitcoin as well inherits fiats flaws, and dependency on people for the value to be created, since that constitutes as work, which in turn, doesn’t really constitute as raw independent value when there are ifs and buts in the equation.

In my opinion, the USD you see on the screen is backed by a treasury, gold, or bitcoin, it's kinda the same thing, it's just an abstract metric people have attached themselves to because they use it so much to judge how much time it would cost to acquire goods and services.

To try and break that network effect and inertia takes time. In my country we switched from the British Pound to South African Rand, today people don't even think about it, many don't even know it, but to my grandparents generation, it was a massive transition that changed a lot of things for them.

I just see it as that but on a global stage and everyone will go at their own pace while others will die denying the change

If I’d identify the problem, I’d say consumer driven economics where we are producing for more consumption instead of quality and need is the problem as no considerable value is created, but the transaction of consumerism. We lack fundamental productivity of value, but are forced to consume to keep the wheels turning, which demands war catalyst when consumption becomes scarce.

Be it dollar, or buy bitcoin.

Absolutely, how can you measure productivity in something you can expand and contract, then you can always create padding around it through accounting and creating, reducing, or locking up certain currency claims through arbitrary rules

In the end its all about how much of my and your time/productivity/savings we commit to the network that they can extract that matters, we are the liquidty

Yet when able to revenue intelligence from time as #mainvolume’s binary intelligence technology makes possible, an independent value is not only created, but as well consumed for the value to be created which solves all the problems the gold standard economies have without conflicting with the foundation of economics, and considering that our time is limited by Mother Nature, a natural scarcity is by design.

It’s not a replacement, but a solution to those terminal dynamic flaws causing crashes.

Consumerism forces us to work for the system, while the system is capable to work for people.

It’s the control and hunger for power, fueled by greed that’s driving consumerism and management by fear. But for that to happen, we must first understand how the system is built and meant to work in order to serve life, and people.

Perhaps futile to expect greed and hunger for power to widen up, so we have become enslaved to it.

Question is whether the USD in question is any different when lacking the fundamental need to create value considering that the gold standard is a consumerism driven economy that unless consumption increases, the economy collapses, which is a terminal dynamic prone economy, thus not a question of if, but when the economy crashes as it has done many times before demanding wars.

Then going fancy with digitalism doesn’t solve that equation.

Yes in this case, the USD they see on the screen is all sats backed so is it really that different than someone that sets their wallet to see the price of bitcoin in USD? It's basically the inverse view and them they just redeem at a loss or gain in sats when they move it

More of an accounting trick than anything else, so I don't see it being that big a deal, just to get a normie to see USD on their screen