*this* is EXACTLY when I was abruptly finished with Twitter
first, elon went full rent-seeker with pay-to-play subscription model for premium service
then it’s ‘upload your government ID here’
OKAY SPOOKS, IM GONE
it’s miraculous Nostr is just getting spun up at the same time
anonymity is critical to expressing thoughts openly without fear of cancellation/retribution from almighty woke corporations who wield tremendous power over society
Yep I’m a fair bit older than the demo here haha
but I feel privileged and humbled to be among pioneers
lnbc40u1pjq6kfqpp59qnurwa0utws2uh38dc2w626s9jxhe8wta54xhehh9eacn9z3juqdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5x7dpymsur4egz30p5t5yj8x6lq2sydg2y9y96lgncqtmmdzrm7ns9qyyssqh63gzn477axfvlrf8gvh2dxfvtkws0nlytsu3pzeergszx0gwu7jm6565gf6290fam7k4jg3xlv2u9d8zev7mes6fu790xrjmsj4qngqmjvj57
free to follow
free to unfollow
free to block
free to note
free to like
free to zap (for a small fee)
#nostr
a pure, true free market is a thing of beauty
It’s an organism
Buyers and sellers converge around a product or service
and they trade
keep third-party rent-seekers the fuck away, you have a thing of beauty
#bitcoin #nostr
fantastic!
any IRL interaction from me has returned laughs or similar
the latest FTX debacle adds tremendous doubt everywhere
this bank collapse even more fuel
It’s another kick in the groin every few weeks it seems
did he/she laugh in your face
just curious
give your funds to a bank and the bank now owns those funds, not you
simply a *promise to repay*
that’s the con
Margin Call

the only true electronic bearer instrument
#bitcoin
ppl are still under the illusion that money on deposit in a bank belongs to them
In fact, it does not
It belongs to the bank
An account balance is simply a promise to remit $ when requested by depositors
bank runs have happened over centuries, when ppl lose confidence
government comes in with bailouts to restore confidence
they do this by expanding the money supply thus adding to public debt
‘WE ALL MUST PITCH IN TO AVOID GLOBAL COLLAPSE’
it will happen again, it happens every time
within weeks everyone goes back to life and forgets everything
and voila..confidence is restored
ppl make deposits..and banks lend at near zero fractional reserve requirements BY LAW
banking is a confidence game
a *con game*
So glad I keep sats on WoS so I can zap here and there and not get my funds frozen by Brian Armstrong when the house of cards falls 🤷♀️⚡️⚡️
#bitcoin #nostr
what a crazy stat for a bank nobody ever heard of until today



