Happy New Year from Asia

The Euro is celebrating 25 years.

Bitcoin is celebrating 15 years.

Cheers for the next century .🌟✨️✨️

Chart:

Euro vs #Bitcoin over the past 5 years.

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Very much disagree with this, it’s a pretty naive take.

- Australia’s CBDC was outsourced to the private sector, mostly the banks, and it’s successfully passed the pilot phase - so much for not giving up their debt creation, they’re working hand in glove with central banks

- Privacy doesn’t override shit for normies. I’ll just point to Snowden’s revelations as evidence if any is needed. If CBDCs are tied to UBI they will jump in head first with no consideration for the implications on privacy and only later look for outside routes when they understand reality.

- We always had gold as a sovereign currency, no-one used it because it wasn’t fit for purpose in the digital age. Sovereign alone isn’t enough, it needs to work for what people/institutions want to use it for.

- There are already functional cross-border CBDCs (Singapore-China) and others have been successfully piloted (read BIS)

- Digital Currency already exists in every fiat system. It’s not that different to a CBDC, that’s just amalgamating them into a unified system.

If post WW2 monetary order was a design choice, what makes you think they’ll make a design choice for something they can’t control? Listen to saifedean or Lyn discussing the uptake of fiat / exit from gold standard in WW1 - once one nation went they all did because game theory effectively forced them to as you can’t win a war against a money printer if you don’t have one yourself.

We’ve got what, 1 country which has decided to take the hard route of getting out from under the IMF and they’re not even done yet - everyone else just keeps sucking that teat. Even Milei is going begging to them.

We’re not going to see CBDCs on Bitcoin-backed fedimints - this is delusional.

Bitcoin will be used but not in this way. It will be the hedge system between the USD world and the BRICS world for countries that can’t/wont go all in on either and simply occupying that position will see it eventually eat both (not Gresham’s law - you’ve made the common mistake of inverting it). It will also form the black market currency for individuals for any transaction people want to make outside the government’s purview which initially just replaces cash but will eat all the usecases they try to impose their dystopia on.

To say you’re unafraid is fine. I’m not afraid of money either. But I see what they’re trying to achieve and given there is no greater prize than control of the money (per Rothschild himself) I think it’s pretty shortsighted to just claim this is “doom-circle-jerk analysis”.

They ARE playing for sheepstations, they’re not going to fuck this up coming from incumbency against a rebel network with 1% uptake.

Bitcoin will win eventually but CBDCs are coming and freedom is going when they do.

Payment is tied to identity, meta data at the mimimum. People don't want that. They want privacy and control. If nostr takes that route users might as well stick with twitter and hand over their cash to elon.

So, it's basically like the Mafia behaviour, they create threats, then take away your money and rights to 'protect' you from those threats.

I honestly don’t understand why developers are so terrified of monetizing their products. All you need is a few premium features and your biggest fans will jump at the opportunity to pay you for your work. Stay away from monetization that makes your UX worse but don’t avoid it altogether.

The Nostr experiment will teach us that:

1. Entrepreneurship is HARD. Beware survivorship bias.

2. VC money doesn't guarantee success. It just means you have more to burn through.

3. You have to cultivate a brand to rally support

4. You HAVE to charge. Free only amounts to more free. Paying = signal. That's not to say that you can't have some free, but someone has to pay and signal for desired features.

5. You HAVE to do marketing. Build it and they will come is a fallacy. Only works on rare occasions when you build something truly spectacular. Ideal marketing split is AT MINIMUM 50/50 build/hustle to get the word out.

6. People lie. They say one thing but do another. Back to payment = signal.

7. What developer values ≠ what users value

8. Building something truly unique can work against you because new concepts are harder to explain. Familiar = less selling required.

Did I miss anything?

😂 love it.

Merry Christmas to you and your wife!

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Merry Christmas #nostr:

You allow me to test my beliefs and understanding of the world, amongst an open, respectful, and thoughtful community.

You enable me to connect with people who share similar values and goals for the future.

You have provided me with access to something bigger than myself, and in some way have allowed me to promote the ideals of this protocol.

You have given me a map to a place where authenticity is still valued.

You have given me space to laugh, to think, and to be.

Penis.

Even if we assumed your assumption was correct:

Let's assume an average $12 fee now (probably will drop back to lower levels)

$200 - $12 = $188

If we assume your thesis that fees will increase at the same pace as the savings:

$20,000 - $1200 = $18,800

Yeah, I'd rather have $18,800 stored safely on the base layer, vs storing that amount on L2.

#Memes #StarWars #Liberty #Guns #Government

Irony: Emperor didn't need guns when he can force choke and lightning zap people.