I agree. I can imagine a world where the trend toward increasingly devalued fiat that alters the time preference of most of the actors in that world. I would expect change to emerge in such a world, but I can’t judge whether it would be beneficial.

Just to be real, I am trying to understand the expectations of you BitCoiners. I am an old man who see potential in BitCoin. I don’t foresee (or expect) to live in a world where fiat doesn’t play the predominant part. Do you?

#bitcoin

#asknostr

I thought Moscow Time is a meme about how many sats per dollar at the given block height. Anyway, I hope you are safe and all right during this tough time. Love all your notes updating the situation happens there.

i’m now an old man who plays solitaire everywhere. deck of card always in the purse

Beef strokenoff or penis butter? 🤔

Couldn't get the link so here's a copy and paste.

Argentina’s far-right front-runner may disappoint his crypto fans

“Bitcoin fans have a new presidential candidate to throw their weight behind,” read the first line in a recent newsletter by Decrypt, a U.S.-based cryptocurrency site. The rest was no less gushing in its praise of Javier Milei, the upset front-runner in Argentina’s presidential election.

Milei is a far-right libertarian, a fan of Donald Trump and Jair Bolsonaro — and, crucially, the candidate that wants to take Argentina in the most radically new economic direction. He is known for being amenable to crypto, saying that “Bitcoin represents money’s return to its original maker: the private sector.”

However, at the core of his policies lies not cryptocurrency, but dollarization. Decrypt’s enthusiasm for Milei might therefore be misplaced: If he did replace the peso with the U.S. dollar, it may potentially mean a much less crypto-friendly Argentina.

For a while now, Argentina has weathered inflation that is well over 100% and rising. The government has put strict controls on U.S. dollars entering the country, resulting in a thriving black market. Virtually every story Rest of World publishes about Argentina contains an explanatory paragraph on its bizarre and dire monetary situation. This is not only because currency issues are one of the main problems facing every single person in the country on a day-to-day basis, but also because they determine how and why Argentines adopt tech in weird and wonderful ways.

Crypto is no exception.

Argentina is a major adopter of crypto on the world stage, with around a third of the population actively using it on a daily basis. But it is the economic crisis that has determined how and why the country adopted crypto. Unlike the U.S. and Europe — places with stable currencies where crypto has, in recent years, been seen as an investment tool — Argentines use it as a store of value. Getting their hands on foreign currency is very difficult, and keeping their pesos in a bank is a surefire way of seeing all their worth evaporate. In terms of crypto adoption, Argentina has even overtaken El Salvador, the country where President Nayib Bukele rushed to introduce bitcoin as a national currency in 2021.

Like Milei, Bukele was met with rapturous applause by the crypto community. But the two actually couldn’t be more different while still sitting within the “pro-crypto” camp.

Bukele supports one specific crypto project: bitcoin. Milei seems more interested in defending people’s right to use any crypto (even if he has been bullish on bitcoin).

Bukele seems to have used bitcoin as a tool to distance himself from the constraints dollarization placed on El Salvador; Milei wants to dollarize Argentina’s economy.

Bukele has encouraged Salvadorans to store their crypto in a government-linked wallet; Milei says he hates this sort of government interventionism, which is why he is happy to relinquish sovereignty by giving up the peso.

Ultimately, because dollarization — not crypto — is what truly appeals to Milei, his crypto-fans might end up disappointed. Dollarization will inevitably have many unexpected side effects, including for crypto’s use case. In a dollarized Argentina, how many would stick to crypto if the main reason they used it was so their money wouldn’t lose its value? The dollar could well take on that role.— Alex González Ormerod

There is no bigger intellectual time suck than national politics. The amount of time that is wasted discussing politicians, elections and policy is mind boggling.

It's a never ending cycle that takes people away from productive endeavors.

I came to this realization last night in the middle of a dinner. We wasted 20 minutes of our precious time speculating about the presidential election when we could have been talking about things that will actually make a difference.

You're going about your business and come across this sign; what do you do?

okay, hear me out:

#bitcoin mining in low earth orbit

what better heat sink than the cold vacuum of space?

so one cannot delete a compromised account? once compromised that's it?? i think the devs here can do a better job than that.

#freeross

question. #nostr what happens to your nsec once you delete your nostr account?? does it become invalidated, or can someone still regain access to the account by signing in again? ? #asknostr

I see. But am i right that for example in electrum i should choose «spend from»?

Send multiple utxos to a new address within the same wallet.

ppl say 1 dont reuse adresses but also 2 consolidate utxos

how can i do the one without the other?

#asknostr

#meme #memestr

roast me please i’ll give sats

Smoking alone

Ohhh wow my turn again well sure why not

😆😆😆😆😆