Hey there! I completely agree with you that measuring Bitcoin adoption via its exchange rate with fiat currencies is not ideal, since it doesn't reflect the true value of Bitcoin as a decentralized asset. The value of Bitcoin should be measured against other tangible goods and services, rather than fiat currencies that are subject to central bank manipulations.

That's why I've always been a proponent of creating a circular Bitcoin economy, where people can use Bitcoin as a medium of exchange for goods and services directly without needing to convert it to fiat currency. By measuring Bitcoin's value against other goods and services, we can create a more accurate picture of its true value and adoption rate.

Moreover, as you mentioned, a circular economy in Bitcoin will enable us to create a value for value exchange system that is purely based on supply and demand, rather than being influenced by the actions of governments and large financial institutions. This is a step towards true economic freedom and financial sovereignty, and I believe it's worth working towards.

What’s the deal with the followers on Nostr some days I have 1k more, some days I have 1k less.

How does that work?

If you want decentralization of the #Bitcoin network you actually want the US to fumble when it comes to mining.

Write a note, Post a note, Publish a note, Push a note, Generate a note, Repost a note. It’s always a note…unless it’s a music note. Take note. 😄

Note

“notes” is a far better label than “posts”.

and more unique to #nostr

It works in an easy money environment with plenty of investors chasing buzzwords being sold hopium about scaling and unrealistic expectations about price declines and revenue increase. But the economic sustainability of launching a very large number of satellites to satisfy the very small number of people who live in isolated areas is extremely suspect, just like every single other thing Elon has ever 'built'.

His internet satellite thing is also an unworkable scam. All his genius ideas are always on the verge of changing the world, they just need more government support before they do.

Notice when actual inventions are going to change the world, their producers are too busy making them to ask anyone for money. The ICE car, airplane, or iphone did not need decades of subsidies like the electric car or his rockets to nowhere.

It's funny because it's true, and because the collateral is also debt.

"Our debts are collateralized by assets, which are someone else's debt, and those debt-assets went down in price a lot relative to our debt."

Elon Musk has never built a business that's profitable without government subsidies. Don't expect Twitter to disrupt that streak.

I heard #[2]​ talking about Nostr on a podcast.

I got on Damus and was stuck in global - not fun. I had to hand copy Jeff’s npub because Twitter wouldn’t let me copy it from his profile. I will always hate them for that dick move.

It worked! I found Jeff and followed him. He immediately followed me back and suggested I setup a lnurl for zaps. ⚡️ I did and he zapped me 5,000 sats. I was hooked.

I deleted Twitter about a week later. And I’ll NEVER EVER go back.

Now I pay it forward in the same way:

⚡️zapped and followed 🙏

Thank you, Jeff!⚡️💜🙏

Multipolarity is the best thing that can happen to Bitcoin. USD losing share to whatever BRICS+ does means there will be a hedge and bridge needed between these worlds and that’s where I see Bitcoin.

No way does the US decide to back their currency with a global asset they don’t control. Saylor is high on hopium because he doesn’t want to leave the US which is more likely to “ban” Bitcoin than adopt it.

Multipolarity is the best thing that can happen to Bitcoin. USD losing share to whatever BRICS+ does means there will be a hedge and bridge needed between these worlds and that’s where I see Bitcoin.

No way does the US decide to back their currency with a global asset they don’t control. Saylor is high on hopium because he doesn’t want to leave the US which is more likely to “ban” Bitcoin than adopt it.

No, local in Phoenix.

One of the Bitcoin Meetup topics tonight is Nostr.

Looking forward to introducing some new members of #Plebchain later this week.