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CappyNate🍁
18fcc139950a9cce3fee5ee4f4f46f3e3f0e338277dcc8bcd692b3ce0e94084e
Tech, money, startups, free-markets. Sidelined by undiagnosed neurological issues since 2020. 🕔 heatstr.vercel.app (Busiest Nostr hours) Banned by LinkedIn Nov 11, 2024.

Bitcoin is potentially putting in a top, for a 2yr run back to $12-15k.

Bout a 70% chance, but not confirmed yet.

I tracked it all the way up from $16k and will track all the way back down. Careful in here.

Cool. Ya I've had an account over a year. Curation is really bad (on consumption side and distribution). Gonna have to start playing around with clients I think.

The Bitcoin worship and normie stuff is annoying. I like to get arms deep in detailed topics. Thanks for jumping in. Followed

Ya agree. I have Primal too. The trending is ok, but it requires a swath of sharing.

Love or hate TikTok and its userbase, but it unequivocally has the best algo.

Open app, auto curated feed. I don't even have to follow anyone. The algo does everything for me. And fucking good too. That's how it should be.

I only mute GM/GN posts. It's not the feed side that's broken, it's the distribution. Nostr needs an algo. Badly. Like super badly.

Whatever client adds one will win.

Ya. 2mth DAU's have been declining.

Post and interaction distribution is broken without an algo. Feeds are too "snapchaty", with posts disappearing after like 10min unless they get heavily shared.

Which is stupid IMO. We shouldn't have to rely on reposting for distribution. I rarely if ever boost posts. I don't expect others to do so for mine at all.

But I do expect some automated distribution. We need a good algo. Badly. Like badly.

Less feed, more interactions. Possible I don't understand/relate to the audience.

Tried zapping you twice, shows queued on my end. Maybe a channel issue on your end?

Lemme know. Working on my end for everyone else.

250 sats to every comment on this post.

Limit: 1 zap per user.

Cap: 10,000 sats total. May extend.

Nostr seems broken, abandoned, woke, or it's turning into a big account echo chamber. I'm shaking shit up to understand why.

Replying to Avatar ManiMe

Good Morning Nostr.

Pardon my beg, but also, please repost.

https://nostrmeet.me

I am developing an onboarding client for sharing Nostr with friends. My MVP funding has run dry, and OpenSats won’t be reviewing my application for a couple weeks. If you think QR codes and Webs of Trust are the future to #grownostr, then please consider donating a few sats to this project to tide me in between.

https://heya.fund/e/nevent1qqsp9qfm607m0v4fvpr9efsx9cu4mfem7lzs5x4gnf9evmsrtes9juspz9mhxue69uhkummnw3ezuamfdejj7q3qmanlnflyzyjhgh970t8mmngrdytcp3jrmaa66u846ggg7t20cgqqkyyr76

This has some interest. Forgive me if I take all Nostr projects with a pound of salt.

Please define Web Of Trust in your words. How is it calculated or achieved?

Replying to Avatar Lyn Alden

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.

Currency debasement has occurred for thousands of years.

Track record matters. This is my Bitcoin track record from LinkedIn over the past 2yrs.

Every green arrow is a bullish Bitcoin post on LI. Blue and red warn of potential top formation. Audit your follows. There's posers everywhere.

My track record from LI. Go audit yourself. I called the Nov 2022 bottom within $500. Ignore my words at your own peril.

This is not a call, YET. Confirmation is still completing. But 65% likely that top is in. We'll know in 3-6 weeks.

No inflation crisis. Macro top forming in all markets (stocks, silver, gold, etc).

Yes. He's only alive as long as the price stays up. If he was a good trader (which he isn't), he'd sell high and wipe those loans. All of this would go away. He won't though. He's got that buy-only megalomaniac itch.

We're going to know in the next 3-6 weeks if BTC has topped at $74k. If it has, the 2yr target price is $12-16k.

This will create much stress for MSTR's $35k ACB. Let's see how the next month and a half go first though.

Rate doesn't matter. When price drops below ACB, you're insolvent. How far it drop below depicts how aggressively your creditors come after you.

His debt is not close to 0%. It was $2.6B last year, and he added another $800m of convertible notes.

And he's now averaged UP, increasing ACB from $30k to $35k. Cornering a market with leverage ends the same as it always has through history.

There's no conspiracy. Only lunacy.