Avatar
Alejandro ⚑πŸ”₯
3d3dadfa9e48dec772ccb0077a95f83bfe985c8fbf30c1b01f7969f83843da9e
1) Stop the Money Printer. 2) Financial Rules without rulers. 3) Restore natural free markets. 4) Empower the People! 5) #Bitcoin πŸ‡ΊπŸ‡Έ

n/GetOnZero on Satellite. I see that Zapddit is another client you can view communities on.

Just created a new community on #Satellite nostr client called n/GetOnZero. I wonder if these communities are visible on other clients. If you're interested, subscribe and contribute. The only thing I don't like is every OP needs approval by a mod. We'll see how it develops.

Welcome to n/GetOnZero

This is the first introductory post. Please share any experiences that may help others.

I'm really enjoying the #Satellite nostr client. It just serves up the OP. Clicking on that opens the thread from the top. So simple. #Primal, on the other hand, serves up a bunch of replies, and it becomes a headache following a conversation. The only thing Satellite needs is better discovery, like Primals "Nostr Highlights".

Human nature tends towards laziness and centralization. Two powerful forces we have to struggle against.

Guy, realize that this is a perversion of the enneagram as taught by Gurdjieff. It's not about personalities. The symbol represents a flow of energy that depicts the fall of man and in the symbol is the secret of how to rise again, but he revealed that only to his closest students. It in the book "In Search of the Miraculous" by Ouspensky.

Replying to Avatar walker

moon

closer than it seems πŸš€

He wants you to swap from a deflationary currency with no counterparty risk to an inflationary dumpster fire. Seems just about right for your average accountant spoonfed by professors who were spoonfed by Keynes.

It doesn't matter, they will outlive all the older clients and eventually *will* have money as they enter their prime years. The only reason to market to seniors is unless you are specifically catering to that age group.

This feels like where we are now in Layer 2 land.

Mercury sort of competes against Liquid (1:1 lateral peg).

Ark vs Cashu, TBD which one will stick, both interop w/ LN (Ark can exist w/o LN though).

Fedimints on LN continue development.

Do we need LN when Ark?

Let's check back in 4yrs.

Don't forget to take a step back once in a while and appreciate how lucky you are to be alive as an OG Bitcoiner before Hyperbitcoinization. Enjoy the journey, be thankful, and remember not to get stuck on the destination.

1 Kilo loaf of bread for under 1 Sat or we haven't arrived yet. 🍞 πŸͺ™

Friendly Reminder, but we're on the eve of a new epoch!!!

THIS is the biggest, most monumental news on the planet right now!

πŸ₯‚Congrats fellow hodlers, we made it to a new starting line. May you stack hardest this epoch and may it bring you glorious f*u* wealth. Cheers!πŸŽ‰πŸ₯³πŸΎπŸŽ†

*The Rare Sat Lie*

Let's start with some facts.

You cannot own a satoshi (sat). You can only own a utxo, who's value is measured in sats. Just like you cannot own a "kilogram" but you can own something which weights a kilogram.

The idea that a sat can be rare is a lie, since sats don't exist.

A utxo also cannot be sold, because as soon as it is spent, a completely new utxo is created, and the creation of this new utxo makes the previous utxo (which you wanted to sell) spent. To act of spending "an unspent transaction output" (UTXO) transforms it into something fundamentally different, a "spent transaction output" (STXO) and creates a new UTXO.

The idea that a utxo can be sold is a lie, since even utxos cannot be sold.

The idea that a rare sat from a "special" utxo can be bought is thus a double lie.

*Rare Sat Sophistry*

The conmen, the useful idiots and the otherwise honest but contrarian pundits will rationalize the spreading of the "Rare Sat Lie" with sophistry and appeals to libertarian morality such as "it's a free market, people can believe whatever they want and waste their money however they wish".

Of course, this line of reasoning is meant to create strawmen arguments so that every person that is righteously indignated at the spreading of these lies can be painted as being opposed to the concept of individual freedon itself, which immediately places the TruthSeeker's outrage outside of the Overton Window (and subject to ridicule).

Let us dispell the strawman argument.

The "market" (a small niche of degenerate gamblers) can want whatever it wants, yes. But it till cannot change the reality that individual satoshis (sats) do not exist as "things" or virtual objects. This reality is not subjective.

The sophists will also rationalize that "it cannot be stopped" and thus all you can do is "cry harder" (ironic eh?) and that any and all attempts to combat the lies are futile (at best) or stupid.

It may be true all the truthseeker can do is cry and shout, but it is also true that to combat the spreading of such lies is a virtuous and noble pursuit. And it is also true that the direct result of the shouting can be to save a victim from otherwise being conned. Which is, we would all agree I hope, a moral good, if not a moral imperative.

People are free to spread the lie that such things ("rare" "sats") are real, and fraudulently sell utxos of low value presented as "rare" "sats" for utxos of higher value, but to do so by exploiting the ignorance of people and confusion around the complex technology of Bitcoin is evil according to nearly almost moral code that ancient and modern civilizations have produced.

I am the last person that would deny someone the right to be evil. But I believe if you see a fraud and you don't call out the fraud then you too are a fraud.

So, the strawman is really just straw.

*The Rare Sat Con*

Beyond it being morally bad to spread lies generally, the spreading of the lie also occurs within the context of textbook confidence trick.

Confidence tricks involve :

- the mark: the victims whose money is to be acquired fraudulently

- the roper: reels in the mark via exposure and marketing, peaking the curiosity of the mark (i.e. a conference or media organization)

- the inside man: provides a venue for the con to take place, or supplies goods and services used in the context of the scam (a mining pool or a marketplace)

- the conman: gains the confidence of the mark extracts the money (the seller of a rare sat)

- the convincer: an acolyte of the conman which gives a taste of the profits to the mark either by investing in the mark, or showing off his profits to the mark (a fellow rare sat trader)

The conman and the convincer can interchange roles. For example, conmen and convincers can publicly con each other repeatedly and alternatively, with gains and losses which compensate, with the tacit understanding that the goal is really to gain the confidence of a mark from which both convincer and conman can extract money from.

Everyone except benefits in this zero sum game, except obviously the mark.

In the end, the mark was never forced to give up his money. He willingly parted ways with his funds, deceived by the confidence trick.

Selling "rare sats" for utxos of higher sat value is without doubt a confidence trick.

I will let it up to your imagination who you think plays which role in the rare sat con.

Also, the "free market" argument from spammers is a simple attack on social and legal systems where you use the systems's own rules against itself and thus put the defenders of the system into a logical bind where the attacker tries to force the defenders to break the system rules to combat the attack, then calls them out for breaking the rules of the system and creates a cycle of inner decay. Sleazy, malicious, works on the weak minded with no moral compass underneath their devotion to any system they defend.