Some people say I should post more about bitcoin on Nostr.
But you already know about bitcoin, donât you Neo?
Your real question is what you should do with it now.
Discussion
Hold it and buy more
::Oracle points her finger at the wall toward a sign::
âThat means HODL, Neo. Itâs good. But is that enough?â
â1) what?â Neo asks.
âIt also translates to âknow thyselfâ,â Oracle says. âHow have you helped others with your bitcoin lately?â
You can't help them by force; they will help themselves when they see an example.
Neo needs to do more.
Helped others WITH is great; helped others FOR might be better. Bitcoin economies are built by people providing goods and services in exchange for Bitcoin. Sharing Bitcoin is like giving a man a fish; sharing a trade is teaching him to fish.
I saw a video yesterday where it seems the Bhutan govt. is really helping people with bitcoin.
not sure about individuals who donât have that much themselves tho⌠except maybe to talk about it in a way that feels natural to themselves
#memes #funny #thematrix
Could you go and have a word with the orange bloke please
Maybe start posting on the importance of spending bitcoin, not just hodling. Now that we have a SBR established itâs important to hammer down that Bitcoin is first and foremost a cryptocurrency, and not just digital gold.
yeah cause spending your sats has proven profitable over the long term?
face it, BTC is gold.
Yes, itâs profitable if enough people start demanding bitcoin as money. Increased demand for money works the same way as increased demand for any market good. NGU. If Gold was used as money today and in the past 30 years, its price would probably be north of 30k per ounce. When you understand this, suddenly all that talk about Bitcoin being a competitor for Gold and not USD starts to make sense from statists/bankers point of view.
https://primal.net/e/nevent1qqsxyredsavef0t269lalf44zvhwlu02tj9pqapkxhltv7xl266jf5su8rgr2
"Bitcoin being a competitor for Gold"
not in a billion years chief. Gold will ALWAYS edge bitcoin. Always.
Bitcoin is not an peer to peer electronic cash system anymore. It's a buy and hold ponzi scheme.
Ah, a brain dead Monero shill. HFSP
Or even worse - a Bcash saltcoiner.
The only reason either Bitcoin or gold have value is because of their potential to to be used as good money based on their properties. Simply having the ability to buy and/or hold something with a limited or fixed supply doesn't make it something deserving of value. While you're certainly free to lock up supply while waiting for the rails to get built out as a way to accumulate value, Bitcoin is only getting more valuable because some people are, or will, use it as money to transact in.
The way to get BTC flowing as money has less to do with spending it than it does with accepting it for goods and services. The issue with this of course is that most of humanity (or at least, folks in the "west") work for an employer who largely dictates the terms of their employment. Accepting BTC is something that needs to be done by those running businesses or otherwise freelancing. It's not a message that needs to be repeated to everyone that has no direct involvement in selling goods or services to a wide customer base, but rather, one that needs to be surgically targeted to those that are in a position to do so.
And yes, there are good strategies for those willing to do so to incentivize people to spend their BTC rather than fiat. The most common, easy option is to charge a premium for fiat, which is easy to justify, given that the systems by which people accept fiat, or manage their fiat cash, are going to charge them for the use of them. 4% or more is a common upcharge for fiat by those merchants accepting both if only for the credit card fees, and when you then consider their cost of moving that fiat into bitcoin, I've seen 10%, or my favorite, 8.21% (think about the 8 turned sideways...). Not exactly a hard decision for most people who are regularly stacking to just size up their next buy order and spend from their existing stack for those goods and services.
The other part of course is capital gains. Less the actual cost of it -- as Parker Lewis and nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle have pointed out among others, having capital gains tax means you've had a gain; a good problem to have. More the convenience factor. To get the money flowing, it'd be helpful to have systems so that people who are self custodying can hook them into their wallets, track their cost bases, and track capital gains when they spend, and then generate a form that can be used for easy filing. A regulatory shift to provide de minimis levels for small purchases would be fantastic, as it is the standard for forex, but at the very least a tool to make the insanity of filing for each coffee or bookd purchase something we can look past would be beneficial. The way the IRS gets incentivized to stop nagging us is to drown them in paperwork they have no appetite to actually process, and this sort of tool would be how we would call their bluff.
Telling people they have to spend their bitcoin when nobody accepts it just doesn't work; we need the circular economy to create the positive feedback loop. So that we CAN build value organically. A few of these exist, but to build more, we need more merchants. Consumers are the easy part.
I generally agree with this take. Thatâs why Iâm working on self-hosted, âplug-and-playâ BTCPay servers for merchants. Sending and receiving Lightning transactions can be completely off the books, allowing businesses to bypass certain tax hurdles (donât tell the Feds).
The bigger issue here is the narrative being pushedâone that psyops both Bitcoiners and normies into believing Bitcoinâs native state is that of a digital asset rather than a viable currency. This is completely false, yet itâs being mass-adopted thanks to people like Saylor, who insist Bitcoin is nothing more than âdigital property in cyberspaceâ 𤢠rather than a true competitor to the USD. Most people accept this framing at face value and even justify why Bitcoin shouldnât be spent at all.
But hereâs the fallacy: if Bitcoin isnât used as money, it fails as Gold, too. The entire value proposition of Bitcoin is its ability to transmit value over communication channelsânot to sit in a digital Fort Knox. Whatâs even less intuitive is that demand for Bitcoin as money (driven by people actually spending it) is one of the strongest drivers of NGU. Like any other market good, money follows supply-and-demand dynamicsâbut in Bitcoinâs case, the left side of that equation is hard-capped.
If Bitcoin stops being used or perceived as money, it will stagnate and eventually lose purchasing powerâbecause that is its primary purpose.
100%. Bitcoin's value proposition necessitates it being used as money. Scarcity is a necessary requirement for value, but it is not a sufficient requirement in and of itself. Arguably even gold only maintains its value because people see that fiat will one day collapse, and that gold may need to return as money. That's certainly the mentality the preppers have when hoarding it anyway. And how many nation states are using it, with demand spiking amid breakdowns between their fiat (and the uncertainty of access to the dollar rails).
đ¤
Banger
nostr:npub13p25qtngtldjyk5p7y457h3hxyq54lwennvkku42zg24h5gfjqvsgmpwxc
The correct answer is "write science fiction"
You didn't mention the vase... I'm worried about the vase! 
Did you bake cookies tho?
There is no spoon
Exactly Lyn.
Cookies!! đ§Ą
Valid point, Lyn. Nevertheless the people love their confirmation bias.
Easy. HODL and DCA and/or buy dips when have liquidity
Nice try but we all know youâre
, Trinity.
Do a weekly âDirect Action recommendationsâ for anarchy/bitcoin world đ¤Š
nostr:npub13p25qtngtldjyk5p7y457h3hxyq54lwennvkku42zg24h5gfjqvsgmpwxc what you got nigga?
You can sell it for fiat, if you find someone dumb enough. That's literally it's only value.
You'll get there.
I saw a few of those posts and thought⌠âwhy are you asking Lyn to do that here?â Itâs tantamount to sitting down with nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspp4mhxue69uhkummn9ekx7mqpxdmhxue69uhkuamr9ec8y6tdv9kzumn9wshkz7tkdfkx26tvd4urqctvxa4ryur3wsergut9vsch5dmp8pese6nj96 for a beer and asking him to build you a company⌠surely youâd ask something more intimate like⌠âYouâre snowed in at Jackson Hole for a week⌠Tad or Andrzej?â
Lyn charts and market insights provide clear guidance, helping me make smarter financial decisions. Whether youâre new to investing or experienced, her content offers valuable knowledge on risk management, macro trends, and long-term strategies
https://www.instagram.com/lynaldencontact._?igsh=cnA4bnpyYTJkeDBi&utm_source=qr
pursue mastery
If anyone say that to you, consider them a bot from a hedge fund.
You should neither dedicate your life to talk about palladium, silver, the Euro's. Because someone else want to make a quick buck.
The more people trying to inflate an asset, the less utility it has.
Use crypto if you really care.
Lyn Aldenâs trading insights have completely transformed my investment strategy. Since discovering her Instagram, my portfolio has seen incredible growth. Her analysis simplifies complex financial concepts, making them easy to understand and apply.
https://www.instagram.com/lynaldencontact._/profilecard/?igsh=cnA4bnpyYTJkeDBi&utm
Yea...we probably need more of engineer Lyn than financial analyst Lyn when it comes to that. So much talk about the worry of wrenches and confiscation; so little talk about how to use time locks.
"I'd love to hand over my bitcoin Mr. FBI Thug. If you'll sit with me here for the next 6 years, once the block height is reached, I'd be happy to sign it over to you."
Though this is all well and good for the coins you REALLY know you don't need for the next while; what we really need to figure out is time locking schemes that provide the security benefits without completely making you part with your money for longer than is tolerable. Creative multisig + geographic key separation likely needs to be involved here.
That, or Lyn the globe trotting person with an interesting way of thinking and seeing the world. At the end of the day, sometimes being able to find the problems is at least as important as being able to think about the solutions.
What I appreciate most is how Lyn breaks down economic trends in a way thatâs easy to grasp. Her insights have helped me make more informed, profitable decisionsâsomething I never thought possible before.
https://www.instagram.com/lynaldencontact._/profilecard/?igsh=cnA4bnpyYTJkeDBi&utm
Yea, I've been catching Lyn on podcasts for awhile before I really took the dive back into Bitcoin (I bought in 2013 and have held a portion of it since then, but had since gone off in a lot of directions and hadn't really built the conviction). Her understanding of the Eurodollar system is much better than most, and her ability to communicate it is unmatched (even among those who DO get it, perhaps even more into the weeds than she gets).
And yea, Broken Money was a major catalyst that got me looking a bit closer at the Bitcoin I bought all those years ago.
If you have more to say about Bitcoin, I will buy the book you say it in.
Until then, yes. Iâve muted/unfollowed most of the Bitcoin chatter on here. Teach me something novel, Lyn.
There's only one final boss remaining after the money is fixed: helping usher States over to the "voluntary opt-in services" department.
But we're going to need another few decades and another couple dozen _Broken Money_ style masterworks before that project is even sniffed at at scale.
THEN. Then we get to relax and figure out what we're supposed to do with our lives.
Spot-on. I hereby nominate Lyn Alden for the position of macro-money âOracle!â
Lyn charts and market insights provide clear guidance, helping me make smarter financial decisions. Whether youâre new to investing or experienced, her content offers valuable knowledge on risk management, macro trends, and long-term strategies
https://www.instagram.com/lynaldencontact._?igsh=cnA4bnpyYTJkeDBi&utm_source=qr
When is your fiction book coming out!?
Nevermind, just scrolled down and found more of your posts, ha, keep going!
It's already come out:
https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG8985FR
I already have that one ;)
Just post whatever you want
I want more unhinged Lyn
Exactly why you should post more about coins in general.
donât worry about the vase
Temet nostr
Clearly the one would do a https://coinjoin.nl round to escape the surveillance matrix. #privacy
Lyn "the oracle" Alden. đť
And she has cookies!
Truth
đđđź
Well I do love your Bitcoin content, but I agree we also need other things here.
Thatâs why I have decided to post more about architecture.
If anyone is interested, feel free to follow đ¤
Lightning. It's the next stage for the Bitcoin-curious and Crypto degens.
