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Des Imoto マキシ
16897bfab409ff12a768217e14d472dd5e8a2ae11cc0e3340bf2d6f67f5bac83
Bitcoin is the only chance we have | Toxic Maxi | Anarchist | Voluntarist | #Bitcoin | #Plebchain

Ironically, this would likely lead to mining decentralization. Everyone should have a small solo miner anyway.

#Bitcoin will not succeed if it doesn’t become a broadly used MoE soon. Because it needs to be highly distributed and not highly concentrated. Being concentrated in ETFs, strategic reserves and corporations allows it to be diluted through futures, derivatives and fractional reserves and hence also lose its SoV by essentially inflating it. Cornering Bitcoin as a SoV is an attack vector.

Just to be accurate, not inflation, but price increases dipped below 3%. It’s the Consumer Price Index. Inflation is the increase in money supply. In a debt based system you can measure it by M2+ Debt. Total debt: government, state and local, business and personal. Currently $80 trillion in the US. Every time you increase the money supply (debt), prices go up. Trickle down, uneven, distorted by supply and demand and dampened by productivity increases. Worse, the CPI is manipulated and changed all the time. Useless. Then incomes catch up, delayed, and more for the top 10% and the difference of all of it siphoned off by the elites. And round and round it goes.

I think we should start thinking about what the society of the future will look like. Does democracy really work? (See opinions below) Top down like monarchy or totalitarianism obviously doesn’t work. Does the decentralized way of family, community, tribe and federation like the native Americans work better? (CRIME & PUNISHMENT — Native American Style

October 14, 2008 by Karen Kay)

Thoughts on Democracy:

nostr:note1rwd7ghztggz8qd6ulm396y4tvwvwxwj6gaa6h5uwd45r0z3supmqurvrd5

nostr:note1tcntpzy8cxmn46e2z8prd8wk0f3u75jlly7xu4d20ay5ncaxr80qat99zu

My feeling is that at USD $100k, #Bitcoin will start accelerating to infinity vs the USD. (Midpoint in the graph below). Measuring #Bitcoin in terms of USD will loose its relevance at $1million per #Bitcoin as it decouples and prices of assets, goods and services will be expressed in #Bitcoin directly. Just a feeling though, since you asked :)

It’s of course by design. Newspeak. Like, calling it inflation when it’s price increases. Calling it a vaccine when it’s not. Like calling him a woman when it’s a man. Like calling it capitalism when it’s communism. Etc etc. We are in trouble. We can’t clearly communicate.

They all work for the same people. Two sides of the same coin. Watch the movie the “The Jones Plantation.” I thought it sums it up pretty good.

And, it’s not an indication of inflation. It is the “manipulated” Consumer Price Index”. The trickle down effect of inflating the money supply on prices. Completely useless measure. Inflating the money supply in a debt based system is not M2, btw, but total debt: Federal, State and Local, Business and Consumer. Currently $80 trillion.

Replying to Avatar Guy Swann

PSA 🚨

Without a direct innovation in the monetization structure of #Nostr I think we should expect a highly successful #Nostr to evolve like other protocols before it. I think there are 2 most likely comparisons:

1. #Nostr ends up looking more like email. It is still open and decentralized, but dominated by a small group of companies with enormous insight into everything that is happening and acting as huge semi-centralized custodians of everyone's data and messages.

2. #Nostr ends up looking more like RSS & podcasts. It is open and decentralized, but most users and all serious content creators pay for hosting platforms (relays) that sell it with a bunch of other features, analytics, and secondary services attached to it - or built in advertising and monetization splits.

Understand I'm not predicting that it will go either direction or that only these two options exist. I'm saying that --- without a significant innovation in the monetization method --- it will very likely take one of these two paths. Also understand that neither of these are bad outcomes, per se. Both present a VASTLY better internet sovereignty and user/server power dynamic than the current Web 2, but this is far from realizing #Nostr's true potential.

I only say this to get people thinking about the fact that we still have a very serious problem funding relays at scale, and it hasn't been solved, it's mostly been covered up with some very generous grants and *extremely* generous volunteer developers and relay runners. But it WILL have to be addressed or nostr's success will come hand in hand with some hard truths about how we use it and what we think it is.

It won't be unlike the people who thought all #Bitcoin transactions were going to be free forever, settle instantly, and that the whole world could be sovereign with their own UTXOs. That's simply not how it worked, and we had to have a 4 year, vicious, all out civil war within the community when we were finally forced to come to terms with that reality.

I think the more we are becoming like Oceania, accelerating towards a totalitarian world government, the more valuable will the #Nostr/#Bitcoin combination will be in terms of free commerce and free speech. I think it’ll be less of social media/entertainment, more like key infrastructure of the resistance.

I don’t like that the #Bitcoin USD exchange rate has been reconnected to the stock market trading algos. Stupid, really.

Replying to Avatar asyncmind

**Handbook for Bitcoin Bros: Mastering the Art of Protecting the Bitcoin Brotherhood Against Shitcoins and Other Menaces**

---

**Introduction: Embracing Your Inner Bitcoin Savior**

Welcome, noble Bitcoin Bro! You’ve invested countless hours into your digital currency and pored over every article in the crypto news. You’ve mastered the art of pretending to understand blockchain technology. Now, it’s time to level up and become the ultimate protector of the Bitcoin realm. This handbook will guide you through the intricate dance of sounding like you know what you're talking about while defending the pure, unadulterated Bitcoin against the nefarious threats of shitcoins and other digital abominations.

---

**Chapter 1: The Art of Using Buzzwords**

1. **Blockchain**: Use this term liberally. For example, “Unlike that shitcoin, Bitcoin is built on a robust blockchain architecture that supports decentralized consensus and cryptographic security.”

2. **Decentralization**: Whenever discussing Bitcoin, emphasize its decentralized nature. Phrases like “centralized coins” or “decentralized, immutable ledger” will make you sound like you’ve done your research.

3. **Smart Contracts**: For extra flair, add a remark like, “Smart contracts? Sounds like a shitcoin gimmick to me. Bitcoin’s simplicity is its strength!”

---

**Chapter 2: The Secret Art of Name-Calling**

1. **Shitcoins**: This is your go-to term for any cryptocurrency that isn’t Bitcoin. “Oh, you’re into [insert shitcoin]? That’s cute. But Bitcoin is the real deal.”

2. **Ponzi Schemes**: Whenever you’re unsure about a coin, label it a Ponzi scheme. “Every shitcoin is just a poorly disguised Ponzi scheme waiting to collapse.”

3. **Scams**: Use this term when discussing lesser-known cryptocurrencies. “I wouldn’t touch that with a ten-foot pole. It’s probably just another scam.”

---

**Chapter 3: Mastering the Defensive Posture**

1. **Avoid Detailed Discussion**: If challenged on specifics, pivot to generalities. “I don’t need to dive into the technical details. I trust Bitcoin because it’s the first and the best.”

2. **Invoke the Satoshi Mythos**: Cite Satoshi Nakamoto as if they’re a personal deity. “Satoshi designed Bitcoin to be the one true cryptocurrency. Everything else is a pale imitation.”

3. **Use the Halving Argument**: Bring up Bitcoin’s halving as a magical event that only Bitcoin experiences. “Bitcoin halving is the ultimate proof of its superiority. Show me another coin with a halving event like ours.”

---

**Chapter 4: Mastering the Art of the Straw Man Argument**

1. **Create Contrived Comparisons**: Draw ridiculous parallels between Bitcoin and shitcoins. “You think that shitcoin can compete with Bitcoin’s unparalleled transaction speed? That’s adorable.”

2. **Generalize to the Extreme**: Generalize the failures of other coins. “All other coins are just trying to ride on Bitcoin’s coattails. None of them offer real value.”

3. **Overstate Bitcoin’s Achievements**: Inflate Bitcoin’s qualities to heroic proportions. “Bitcoin is the most secure and trusted cryptocurrency in the world. All the other coins are just trying to mimic our success.”

---

**Chapter 5: Handling Questions and Doubts**

1. **Deflect with Confidence**: When asked tough questions, respond with vague but confident answers. “Bitcoin’s technology is inherently superior. Just look at its track record.”

2. **Blame the FUD**: If someone questions Bitcoin’s stability, blame “Fear, Uncertainty, and Doubt” (FUD) spread by shitcoin enthusiasts. “The only reason you’re hearing negative things is because of FUD. Bitcoin is stronger than ever.”

3. **Stay Informed with Misinformation**: Always have a few misleading stats or outdated information on hand. “Bitcoin’s market cap is a clear indicator of its supremacy. No shitcoin can match that.”

---

**Chapter 6: The Final Touches**

1. **Master the Meme Game**: Use and create Bitcoin memes that mock shitcoins. Memes like “Not your keys, not your coins” or “Shitcoins gonna shitcoin” are essential.

2. **Employ the “Hodl” Mentality**: Emphasize the importance of holding Bitcoin. “Real Bitcoin Bros don’t sell; they HODL.”

3. **Flaunt Your Bitcoin Wealth**: If you’ve made a profit, let everyone know. “I’m not saying I’m rich, but my Bitcoin holdings are doing quite well compared to those shitcoins.”

---

**Conclusion: The Unsung Hero of Bitcoin**

Congratulations! You are now equipped with the ultimate handbook for sounding like a Bitcoin protector while having no practical technical experience. Remember, the key is to be confident, vague, and unwavering in your loyalty to Bitcoin. As long as you stick to these guidelines, you’ll successfully fend off any threats to the Bitcoin kingdom while keeping your position as the supreme Bitcoin Bro.

Now, go forth and defend the realm of Bitcoin with zeal and fervor!

Remember #bitcoin not #shitcoin

😝

I don’t like that Big Brother is messing with our #Bitcoin.