Nostr will have all of the problems you see on Twitter too.

Do you want censorship and algorithims here too?

Do it. The quality of your sleep will improve significantly.

There are these people out there…

- husband is tall/decent looking

- wife is a solid 7/8

- 2 to 3 children

- 115-125 IQ

- kids go to private/charter school

- house costs 1.1 million

- work in healthcare/law/finance/biz

- highly conservative in private

- politically reserved in public

- low to medium alcohol dependency

- love to gossip about others

- kids are smart, excel in school

- church on Easter/Christmas

- hobbies are travel/sports

- power consumers of most goods

- low risk takers

- slightly above average in all categories, far above average in none

And they run our society.

yes bitwise is launching an ethereum etf

i'm bitcoin first but not bitcoin only and if that's upsetting i'll take the heat. replies / dms open.

fwiw i think bitcoin and ethereum are completely different things. i know it can be super annoying when eth maxis are like "eth is even more sound than bitcoin!" but nobody takes that seriously. bitcoin is undeniably king as decentralized non-government money and that's not really up for debate

imo the question is around whether bitcoin wants to swallow the full range of public computing needs or leave room for the non core use cases (everything outside of sovereign money). i mean, stablecoins are undeniably a thing. non-custodial trading (uniswap) is also undeniably a thing.

i'm very happy that bitcoin hasn't morphed to make any of those things too easy on bitcoin. making stablecoins easier means making general token issuance easier. making non-custodial trading easier on bitcoin means more MEV risk on bitcoin. i'm happy that those experiments are playing out outside of bitcoin. maybe where i differ with many bitcoiners is that i am happy that those experiments are still happening.

anyways, happy to discuss this more. didn't want to seem like i'm hiding from this issue.

ICQ is shutting down.

Another one that lost to Nostr.

As the film business grows, please keep us all in mind. I’m a Production Accountant / Production Supervisor mostly managing tax credits (about as fiat as it gets) and I’m dying to work with bitcoiners.

You're right, but some idiot recommends Tether instead of #Bitcoin.

Why? lol

How long was your morning piss?

Do you have a mental illness?

ETH is better than USDT for the people who want to hold stable liquid value for a six-month period.

Why are you mocking ETH and shilling USDT at the same time?

nostr:note1kmygl9cjayf98qy7l56v87n46n59uv8twq7lqq8lvll4hfrme37q5e2gtc

ETHBTC quietly making new cycle lows today.

For about seven months after publishing Broken Money, I was so burned out from writing. I had written that book within a year, while also writing public articles and private client reports as usual. So I was basically just absolutely dead in terms of writing, had pushed myself a bit too far, and was kind of phoning it in for articles and reports the next few months with gradual recovery.

But within the past couple months, my writing energy has fully returned. So many articles in the pipeline, in various states of development!

the future of damus is a marketplace of turing complete, sandboxed edge algorithms powered by nostrdb. edge algorithms means no relay overhead. efficient, private, scalable, where new algorithms can be created, shared and sold without limits.

I just figured out a solid plan on how to make this happen. I’ve started building it today. This may be bigger than zaps 💥

Ever wonder what it was like working for a Bitcoin company in the early days? Did you know users back then were part crazy, part generous?

I started working at BitInstant late 2012, which allowed people to buy Bitcoin with cash. In the fall of 2013, I joined Blockchain(dot)info (BCI). The early days at BCI is what I want to focus on here.

BCI was the biggest non-custodial web wallet & the most used block explorer. I wore many hats as the first employee, but my main job was handling the support tickets.

My first day at BCI was chaos. I logged into Zendesk and saw THOUSANDS of tickets as old as January 2013. There was one guy, Ben Reeves, doing everything since inception. Support wasn't the highest priority.

After initially feeling overwhelmed, I decided to clean things up. I closed all tickets older than a few weeks, and included a message apologizing for the lack of response. I assured people this would no longer be the norm, and to open a new ticket if their issue was ongoing.

I had free reign over my job, and became obsessed with making sure users received help in a reasonable amount of time. It started as a goal to respond within 24 hours of a new ticket, which turned into 12 hours. Within a few months, the average response time was down to 2-4 hours, only because I had to sleep at some point! 😂

I didn't realize how little I knew about Bitcoin until I had to answer tickets about the Bitcoin network itself. After all, we weren't just a web wallet, but a block explorer! I spent many late nights digging around on BitcoinTalk, trying to learn more, so I could help users with their questions. Learning about Bitcoin back then wasn't impossible, but it wasn't easy.

Many early users were shocked to receive a response to their questions. To hear back so quickly was unheard of. There were many Bitcoin projects back then, but most didn't have dedicated support staff. If you received a response, it would be from the founder or some other developer. These guys didn't have the resources to tackle support, especially in a timely manner.

I quickly learned about the generosity of bitcoiners. Many users requested a btc address from me so they could send a tip for the help provided. Even when I told them it was unnecessary, as I was a paid employee, they insisted on tipping.

Many of these users were nuts. 😂 Here's an example that didn't happen frequently, but it happened:

A user opens a ticket during the time I'm actively watching the queue. I see it come in, respond within minutes with a solution, and he insists on tipping. I'm like, "Bro it's cool, don't sweat it," but this madlad won't leave me alone until he tips me.

I look at my tip jar - 0.5 BTC, which is worth a few hundred USD at the time. WTF, ARE YOU INSANE?! 🤯

Part of this generous attitude was about saying thank you, but I believe a bigger part was about the early proliferation of Bitcoin.

We preach the HODL mentality today, but Bitcoin wouldn't be what it is without the generosity of early adopters. So many bitcoins were given out freely so people could learn about it firsthand.

I believe many of the tips I received were from people who, at one point, also received free btc. It felt wrong to HODL these tips, so I paid it forward. I purchased work related items so I could do my job better. I tipped people on Reddit. I donated towards bitcoin-backed fundraisers, including when Andreas fundraised for Dorian Nakamoto. I did everything I could to keep that spirit of giving alive.

The landscape today has changed, but that spirit of generosity lives on. The best example is zapping on Nostr, where people are tipping each other via LN for posts and comments. It's beautiful to see!

Thank you, early adopters, for your generosity. You're a big part of why Bitcoin is what it is today. 🧡

Be kind, be generous, and be a little crazy. 😄

Both taxes and money-printing redistribute capital, but the difference is that money-printing does it less transparently.

With money-printing, the effect works behind the scenes in ways that are harder to quantify. That's why when a government can't find a solution between hard spending choices, they print money. It's the easier method.

People know their personal tax rate, they will riot if their taxes are too high, and they know exactly who is responsible for tax levels.

But inflation is a more complex beast. It comes with a lag, for starters, since it takes time for printed money to work its way through the system. And when it comes, propaganda built on grains of truth is effective at making it unclear to people who is responsible. "It's the greedy corporations that are responsible for raising prices, not the fact that we increased the money supply 40% over the past two years!"

And so money-printing effects people not directly based on their income, their need, or other things, but based on their level of awareness of what's happening. It rewards people who are aware of it, and are borrowing the devalued currency, owning scarcer assets, and denominating contracts in harder currency. It harms people who are not aware of it, who are earning wages in and keeping their savings in cash or bonds. Many of them are led to believe that CPI is the target to beat, which is a false low target. The real target is the money supply growth rate.

And capital gains taxes, if the cost basis is unadjusted for the rate of money supply growth, further recoup some of that value from the various harder assets that aware people try to protect themselves with.

A lot of MMT advocates act as though they found some grand formula. But really what they have re-identified is nothing new: it's that the less transparent that government spending is, the bigger it can be before people will complain. People will complain about taxes right away, but currency debasement is the sneakier method for which the consequences come with a lag. So it sidesteps hard decisions this year, and leads to bigger issues a year or two from now, when someone else can be blamed and the whole ordeal can be obfuscated.

And it's not new, despite how some MMT advocates would spin it. Currency debasement has been occurring since the adoption of coinage. And even MMT-scale currency debasement has been occurring since World War I. It is turned to so frequently because its lack of transparency allows it to occur at times and magnitudes when more transparent taxes would not.