Now, I don't trust Trump as far as I can throw him. But I have to ask: what is the probability that this shitcoinery is some sort of 4D chess move to distract from his intentions with #bitcoin?

Is he even capable of 4D chess??

Given the seriousness and sophistication of some of the people in his orbit, the only other coherent explanation would be outright craven sociopathy/deception. Basically that he's a veritable con artist. No middle ground as far as I can tell. My 2 sats.

In this post, I'm going to sound like a little bit of a conspiracy theorist.

Some of this will seem too good to be true.

Read what I have to say and let me know if you don't agree, or where I'm going wrong.

On a global Bitcoin standard:

- Your money won't constantly be stolen from you through inflation, so you will be able to save for your future without buying stocks and real estate

- The financial services industry is currently around 25% of the global economy today... this would almost completely be eliminated and replaced by Bitcoin or Bitcoin products

- Entire blocks of excellent land would no longer be dedicated to banks

- The billions of hours of labor used by financial services (investing, lending, banking, etc) would drop significantly

- We would need fewer economists

- Housing wouldn't be seen as an investment anymore

- Wages would go to a market rate instead of being controlled by governments and lobbyists to be set high enough to take out small businesses as competition

- Large corporations would starve to death because of a loss in profits (because of competition)

- Entrepreneurship would be the most financially rewarding career path (instead of doing something like working on Wall Street)

- Small businesses would thrive

- Food production wouldn't be funded by large corporations (more mom & pop shops and farmers selling and producing higher quality food)

- Families and neighborhoods would be designed so people living next to each other can rely on one another instead of governments

- Insurance would no longer be needed because we would rely on our families instead of companies we don't even trust to pay out in 30 years

- You wouldn't have to waste precious time learning how the financial industry works so that you can focus on whatever you do best (investing is a full-time job)

What else?

_______________________________________

#Bitcoin #dca #hodl #sats #stacksats #soundmoney #stayhumble #btc #zaps #zap #coffee #powerlaw #nostr #asknostr

Hard to imagine a worse betrayal.

Nostr has lost the battle for censorship resistance.

While WE all know that Nostr is superior because it’s a protocol, people do NOT care enough. They are more interested in what’s written ON the box, not what’s necessarily inside the box.

The people who did care about “free speech” are now placated enough with Rumble for Video, X for short form, Substack for long form. With Meta now throwing their weight behind the movement, it’s game over for this narrative - at least for the foreseeable future.

There is no way Nostr as a brand can claim that space in people’s minds, especially against multiple established brands.

That ‘censorship resistance’ and ‘free speeech’ ships have sailed (even though they were fake), and the people who cared enough boarded.

The normies who never cared, still don’t care, or they found their way to the anti-platforms, like Threads, BlueSky or Pornhub.

The small minority of us still here on Nostr…are well…still here. We’re building, which is great - that MUST happen before anything else.

But if the goal is to grow the network effect here and bring in more people, then we need to find a new angle. Something more compelling that is a “running towards” value, not a “running away from” value.

I’m not 100% sure what that is. My instinct is that a “network of incredible applications”, that don’t necessarliy or explicitly brand themselves as Nostr, but have it under the hood is the right direction, but it needs more experimentation. Also needs more really well-build apps for non-sovereignty minded people (especially content creators) and people who don’t necessarly care about the reasons Nostr was first built.

We’ve been working away at this Satlantis thing for almost a year now and it’s coming along - albeit WAY slower than I would’ve liked. We’ve made a whole bunch of mistakes and at times I feel like a LARP considering the state of non-delivery.

BUT…we made some big changes in the last 2mths since missing a couple key deadlines, and I’m pretty confident we’ll have something cool to show in a month or two.

Let’s see if this approach starts to bring new interest andn activity here. Or if I’m full of shit. Either way, I’m going to keep looking for a better ngle than “free speech” because I no longer think that’s a battle we can win (we can come back and fight that battle when the time is more right, and when the winds have shifted in our favor once more).

Now that every social network is pitching themselves more free than the next, our censorship-resistant picth is diluted and ineffective (still true, though).

This is great for us. It will force our Clients to win on the grounds of being better apps than the custodial players.

It's not enough to say we are the free X. We need to be better than X at everything. It's not enough to say Olas is the free Instagram. It needs to be better than Instagram.

This is how we win.

The reality is that governments want to profile citizens online, then persecute them in real life for dissident/noncompliant views.

Bitcoin lost its purpose when it became a commodity, with people exchanging it for fiat currency, rather than becoming the sovereign currency Satoshi envisioned. Satoshi made one key mistake: assuming that people would trust each other. Instead, people placed their trust in the Bitcoin protocol, not in individuals. This shift turned Bitcoin into a commodity that people hoard, primarily to trade for government-controlled fiat currencies like the dollar. Since Bitcoin lacks intrinsic value, unlike gold or even something like potatoes, it remains vulnerable to collapse at the whims of the governments controlling fiat currencies.

#bitcoin

#satoshi

#fiat

#currency

#commodity

#crypto

If yo do the math, $14k in 1971 to $1M in 2024 implies a CAGR of 8.3%. Almost exactly the CAGR of USD M2 money supply over that same period.

100 sats for the first one to guess the name of this city ⚡️ #nostr

I understand the concept of the power law, but I don't think it should price btc in fiat, because fiat is not a natural phenomenon. It can be printed at will, so I think the price will trend higher than the power law when priced in fiat. Using gold or oil to display the power law implied price would make more sense.

What happened?

I don't remember seeing a day like this, normally when BTC moves down the shitcoins flush hard

S&P 500 also up

I don't know what to make of it ... wondering if it's the us selling coins

#Bitcoin isn’t stable? Perhaps that’s only true if you measure it using a ruler that’s constantly shrinking. If the system you measure with isn’t stable, can anything truly be? Maybe it’s time to question the ruler instead of the measure. 🤔⚡

Social networks built on Nostr should offer an alternative to the usual social networks.

Imagine a social network without likes, where a repost, a quote or a comment is the basis of 'interaction, but where zaps are the added value and if you don't have sats you are incentivized to post good content for having them.

This should be Nostr, not a copy/paste of everything that already exists.

zaps can’t shut down nostr:note13xwz2pa2h6guhf8evvpvxh8m5zaf85aazz7r50yfgekdjfx6frlsye8z49