Subnostr

essentially, a hard credit system depends on people having savings, and keeping savings depends on the money not being inflationary

so, if you have a system with a non-inflationary money, you can't toy with credit unless you have high confidence and a big reserve to back your ass up when your bet goes south

we'd get rid of the entire VC fluff and endless makework and people wasting their time on highly speculative bets if we had hard money, and that would result in ... more results, instead of people getting paid to do something nobody is ever going to pay for

Laeserin 1y ago

Yeah, you know people contributing 10 BTC aren't going to be passive, indifferent investors. They will be construction site tourists. They will expect regular tours and published accounting, monthly meetups to track progress and find out what the next steps are or what difficulty is underway.

People who invest their own hard-earned money really care. And that is the way it should be. We should not all be holding ETFs full of shares from companies we've never heard of that build stuff we don't care about.

Stock market circus and derivatives nightmare over.

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ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

and we are seeing this play out with nostr development, it's a beautiful thing

Laeserin 1y ago

💯 Everyone who is funding or working on projects is highly invested in the development here, which is why so many of the most-popular accounts here are dev accounts. People want to hear about the new button or how you fixed the menu item bug and added some new feature.

People pay real money here. They ain't playin.