It once seemed self-evident that sound money could not be digital, since digital coins / assets / tokens are merely information (code), and code can be duplicated or edited. What good is a money that can be summoned out of thin air with a few keystrokes? No good.
____
Then the impossible became possible.
_____
In 2009, Satoshi Nakamoto revealed a way to attain digital scarcity. This revelation enabled the existence of digital sound money:
#Bitcoin
_____
( In a delightful twist, this digital money would only function properly for those who valued its characteristics. The moment someone edited its wide-open open-source protocol code in an attempt to change the monetary supply, they also instantly amputated / detached themselves from that which they sought to exploit. )
#plebchain
Graphic credit: nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc
npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpcIt once seemed self-evident that sound money could not be digital, since digital coins / assets / tokens are merely information (code), and code can be duplicated or edited. What good is a money that can be summoned out of thin air with a few keystrokes? No good.
____
Then the impossible became possible.
_____
In 2009, Satoshi Nakamoto revealed a way to attain digital scarcity. This revelation enabled the existence of digital sound money:
#Bitcoin
_____
( In a delightful twist, this digital money would only function properly for those who valued its characteristics. The moment someone edited its wide-open open-source protocol code in an attempt to change the monetary supply, they also instantly amputated / detached themselves from that which they sought to exploit. )
#plebchain
Graphic credit: nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc
#Bitcoin Term: "UTXO"
In the Bitcoin protocol, the acronym "UTXO" stands for "Unspent Transaction Output". (Think of a UTXO as a chunk of money ready to be spent.)
A bitcoin wallet balance is the sum of the UTXOs controlled by the wallet's private keys. (Think of private keys like signature on old-school paper checks which make them cashable.)
Bitcoin Addresses - and - Bitcoin Wallets
_______
"The Bitcoin blockchain is fundamentally a record of transactions between btc addresses.
"By looking at all transactions involving a given BTC address, we can determine the balance of that address. This means that an amount of bitcoin is owned by a BTC address on the BTC blockchain.
"However, a single ‘wallet’ in common software wallets these days can correspond to many different addresses. The total value of that wallet is the sum of balances of all the addresses contained in that wallet (just like how in real life a single wallet can have multiple cards in it)."
(The black cube emoji is meant to resemble an NSA spy facility)
(The black cube emoji is intended to resemble an NSA facility)
Good question; after posting I realized I misspoke. My apologies. There isn’t a way to follow a hashtag as far as I know.
A hashtag can only be used as a search filter; at which point I can follow the individual users who have posts tagged with that hashtag.
👍🇺🇸 - the property rights of citizens are honored and protected by the State. YAY! 🎉🎆
👎 🕋- the property rights of citizens are threatened and eroded by the State. Nooooo… 🥺
New to Nostr? Here’s something that might feel odd at first if you are coming from other social media platforms:
There is no algorithm that feeds or suggests content to you. This means that at first, your feed might feel a little sparse / lonely.
——
However, as you begin to follow more and more other users whose notes you value, you’ll find your personal feed becomes rich with the signal that you value, and very little of the noise which you do not value.
In #Bitcoin - like - terms, your personal feed is proof of work; you have full responsibility and agency over your shaping your own Nostr content “feed”.
Nostr is a communication protocol, not a platform.
——
To find content, try this:
- Use the search function and follow the hashtag #plebchain
- Look at the profile of a user who posts something you find interesting. Then, follow the people that user follows. (You can always mute / unfollow users later).
This coming decade will not be boring; what an adventurous time to be alive…
Privacy is necessary for an open society in the electronic age.
Privacy is not secrecy. A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know.
Privacy is the power to selectively reveal oneself to the world.
_____
#Bitcoin has no inflation.
The BTC monetary supply / issuance is set in stone for anyone who opts in to usage of the protocol.
"The federal deficit is a tally of how much money was created for the benefit of the US government plus interest."
Source: nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42
"Fiat money is .. on par with Joffrey from Game of Thrones."
https://jimmysong.substack.com/p/fiat-money-is-evil-bitcoin-tech-talk?s=r
"In the short term, the value of Bitcoin tends to fluctuate, but the volatility observed on a day-to-day basis "disappears" in the long term."
“Strength, Utility and Beauty”
i.e., structural stability, appropriate spatial accommodation, and attractive appearance
https://www.britannica.com/topic/architecture/Commodity-firmness-and-delight-the-ultimate-synthesis