Nostr Web Client

A Company is anchored in the State and may be called upon at any time to "comply" by acting as a branch of the State (giving up user details, banning certain users/customers/transactions, etc etc).

"Bitcoin companies" and Bitcoin can't both survive. If Bitcoin keeps growing, we enter the criminalization phase next. Bitcoin companies will comply with the State or be shut down.

"Nostr companies" and Nostr can't both survive either. If nostr becomes large enough, any "nostr company" will comply with the State or be shut down.

The biggest lie that Governments like to propagate is that humans can't spread risk and collaborate without registering a Company (or Security) of some kind. We've been collaborating and distributing risk longer than we've been human, there are indeed ways of doing this without the government stepping in to mediate our relationships.

Kontext 2y ago

Small scale or cloud based, sure. Do your stuff without "registering" yourself with any centralized authority. Large scale though, or if what you do has a high level of interaction with the fiat world, it is probably necessary (at least for now) to be a "Bitcoin company" or whatever.

The way to minimize the risks associated with that is:

1) Minimize exposure to fiat currencies and legacy financial institutions

2) Decentralize your company (register in multiple jurisdictions), allowing yourself to hop to another country in case things go poo-poo in your "main" jurisdiction

Kontext 2y ago

Kontext with some Estonian lyrics from way back

On an old Kaytranada beat

Additional vocals by Levenstein AKA MC Kobras

https://video.nostr.build/3338cbce63906b8f235420bb23bd7fb37b75d248ca90be2af4d134ce9dfc48ca.mp4

#hiphop #rap #tunestr

Kontext 2y ago

A rare occurrence of MC Antonio going full Estonian

On an old Clipse instrumental

Additional vocals by Levenstein AKA MC Kobras

https://video.nostr.build/109432763e7fd70757f1aceeeacd3788ce4e13cfee043fd6b47e4f419746c1cb.mp4

#hiphop #rap #tunestr

Kontext 2y ago

“All that is gold does not glitter,

Not all those who wander are lost;

The old that is strong does not wither,

Deep roots are not reached by the frost.

From the ashes a fire shall be woken,

A light from the shadows shall spring;

Renewed shall be blade that was broken,

The crownless again shall be king.”

― J.R.R. Tolkien

Melbourne - Uluru - Darwin

16 days

4200 km+

Just me and Cherry Pie

'23 Bonnie & Clyde

This is the "photos in portrait" batch from the roadtrip. Most of these (and some additional ones) are also available on my Unsplash page (https://unsplash.com/@kontext) - like all of my original music, like all of my original writing - copyright-free.

///

September 2023

#nature #photography #poetry #words #Australia #kontext

Replying to

Lyn Alden

What would it look like, if an emergent money was being monetized?

Often when I talk with academics or other high-IQ critics of bitcoin, it’s the volatility and seemingly speculative aspect of it that turns them off. It’s almost distasteful to them. They can get behind the idea of global open-source payments and so forth, “but that’s not why people buy it” they’ll say. “They buy it because they’re speculating. It’s too volatile for its own good.” Some aspect of them dislikes it in principle, almost *because* one can make money from it.

But a new decentralized money, including its own unit of account and liquidity, doesn’t just emerge as a multi-trillion dollar-equivalent network out of the box. In order to go from zero to trillions in market capitalization and liquidity, it needs upside volatility. And with upside volatility comes speculation, leverage, and downside volatility. Cycle after cycle, it’s priced like an option. At first it’s like a 0.1% chance that it succeeds in the long run. And then in the next cycle it’s like 1%. And then in the next cycle it’s like 5%, and so forth. So, early capital allocators that have seen a thing or two and know the high failure rate of new ideas will say, “This’ll probably fail, but if it doesn’t, both the investment gains and the macro implications will be enormous.” And then 15 years into it with a few more cycles under its belt, the probability of success looks less like a distant moonshot and more like a real possibility, and then eventually starts to look like the base case. In the beginning the question is, “how will this succeed?” and at later stages the question becomes, “what risks could prevent this from continuing to succeed?”

The process of buying bitcoin is often a speculative process at first, but then as people learn more, they often view it differently. Those that really want speculation will then continue down the pipeline of altcoins- there’s always some shiny new object to try to speculate on. On the other hand, those who begin viewing bitcoin as money, start to view it as a defensive or risk-off act to hold a piece of this liquid and globally decentralized network of value. One would feel too financially exposed not to.

Kontext 2y ago

Humans have not seen a money emerge as money (the natural way) in thousands of years. This is why it is such a difficult concept to grasp and requires a great deal of curiosity and open mindedness to even consider as a possibility. Lyn's take is a beautiful overview of how it is happening right now, and it's exactly the way I see (and am experiencing) the current situation as well:

nostr:nevent1qqs25g2ytfl7ctgnus2hpvwvg8nu45ltutk8p9euvvt3spk288v3qwgpz9mhxue69uhkummnw3ezuamfdejj7q3qa2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sxpqqqqqqzx7smxa

Replying to

Jaxzon

Don't hit the road. Drive on it. Nobody likes potholes.

Kontext 2y ago

Too late. Already hit the road too hard

nostr:nevent1qqs27a7k0xqe0gw5jhthsy0ea8klx6eeqlet23mj9mgywlrheq6p60gpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsqyu0phxke0cl3tmt5yvnutn4rfyaavc5qvytr3daq7m3g4kx0lyqrqsqqqqqp3mrhcm

Kontext 2y ago

MURPHY'S LAW:

Anything that can go wrong, will go wrong.

Replying to

hongumart

Gdam that looks delicious.

Kontext 2y ago

It certainly was :)

Kontext 2y ago

#ProofOfWorkout

Day 9 of 100 or more pushups per day

The initial goal was 7 days

Pros: tons

Cons: none

Will continue with the program

#fitness #tunestr

https://spotify.link/71ZM5scm8Db

Kontext 2y ago

The past belongs to Death;

the future belongs to the Universe;

all we have is now.

#plebchain #philosophy #tunestr

https://open.spotify.com/track/5iE5Z4FuJg1YufCwPppmFY?si=cbed480eb37d48f6

Replying to

Gigi

the amount of people that don't know that reverse image search exists baffles me

Kontext 2y ago

the amount of people that don't know

baffles me

nostr:nevent1qqst5kzay6qrlmfh5jnjdultt7jvgdwu93n5602cvpa5qql0wv4afuqpz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhsygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvpsgqqqqqqstuww6t

Replying to

ODELL

Kontext 2y ago

Wow. I'm starting to like this guy more and more

Kontext 2y ago

Freedom money vs coercion money

https://open.spotify.com/track/3xYuzbmPMgpg96imFRGFTM?si=M7vZuryQQoqybloqCpBRCQ

Replying to

ODELL

Citadel Dispatch 107: 40 Day Fast with Russell Okung

BLOCK: 799664

PRICE: 3345 sats per dollar

TOPICS: life, family, freedom

https://www.podpage.com/citadeldispatch/cd107-40-day-fast-with-russell-okung/

Kontext 2y ago

Wow. Absolutely powerful stuff in this episode. Thank you Russell. Thank you nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx.

#Bitcoin is the signal.

nostr:nevent1qqsza3xylfcsyn08trgj2jtacxy7m0sn59ph54y4kfhmmrdkzrrvzvcpzamhxue69uhhyetvv9ujuum5dahx2u3wvdhk6tczyqzvj9w6alhrsvtl5u6ygjkwuwg2sf5lukqskgjpuhnd6dpal0kvjqcyqqqqqqggxg0p7

Replying to

Adarnit

11:11

Kontext 2y ago

1:11 for me :D

Replying to

ODELL

Influencer culture has taught a generation of a children that the ultimate sign of success is social media engagement. Engagement at all cost.

Pretty fucking sad. Do not think nostr fixes this.

Kontext 2y ago

I forget there's no "quote repost" button on Primal...

Anyway, I think that one of the main reasons why it is so easy for us to fall into the engagement dopamine seeking vortex is a general lack of a sense of community in meatspace, and a lack of cohesiveness (for lack of a better term) in society in general. As these are gradually restored, I reckon the importance of any online metrics will naturally diminish.

However, that being said, for the time being it seems that the further one goes down the #Bitcoin rabbithole, or the self-discovery rabbithole in general, further disconnection occurs between oneself and their "normie" or "fiat" peers. That has been my experience, at least.

nostr:nevent1qqsrrhpqlrtlnsqq3sh999ksk9xag6nhha9umpftx92g474rv2je07spr9mhxue69uhhyetvv9ujumn0wd68ytnrdakjuct49upzqpxfzhdwlm3cx9l6wdzyft8w8y9gy607tqgtyfq7tekaxs7lhmxfqvzqqqqqqyjls9s3

Replying to

BitcoinBelle

It doesn’t matter how bubbly the teacher or how “fun” the music … kids prefer hip hop 😂

Kontext 2y ago

Wu Tang is for the kids !

Kontext 2y ago

Two simple steps to get smarter/learn a new skill fast:

1) Assume/recognize that you are dumb and know nothing

2) Assume that all your teachers are even dumber and know even less

Stack sats, stay

https://open.spotify.com/track/7KXjTSCq5nL1LoYtL7XAwS?si=141012dee2c147ac

cc/ nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx