Nostr Web Client

Tim B 2y ago

Why do #bitcoin and #nostr give so much energy ? 🔥

Tim B 2y ago

Seid ihr die echten ?

Tim B 2y ago

Seid ihr die echten ?😂

Tim B 2y ago

How much TB do the relays have to store? Will there come the time that the relays cant store all the data anymore, because it will be to expensive?

Im using #Plebstr, and I wondr how much their relay uses.

#Relays

Replying to

Lyn Alden

In certain macro circles, so many people (especially >50 y/o) are big into the idea of a gold-backed BRICS currency and how it'll subvert the dollar and moon the price of gold.

And while there's some truth to it directionally over a certain time frame (e.g. Zoltan Pozsar's "Bretton Woods 3.0" theme, and BRICS nations really are trying to de-dollarize or at least diversify their payments and savings exposure to varying degrees), it's clearly a weak solution in the long run.

Bretton Woods failed within like 12 years of being fully implemented. Why? Because the proliferation of IOUs was not constrained, but the underlying metal was.

And that was with America being a hyperpower. A bunch of separate BRICS nations, some of which don't even like each other much (e.g. China and India), putting together some coalition is shaky form the start. Who will trust the audits of how much gold or commodities they have in their reserves?

In the intermediate term, it does make sense for BRICS countries to route payments through other systems, such as the New Development Bank (formerly known as the BRICS Development Bank) or through various bilateral swaps. But the longevity of such a model is dubious.

Bitcoin is too small at the present time to serve as solution for this scale of global trade, but in the long arc of time it seems a far more obvious solution for global payments and reserves.

Tim B 2y ago

Maybe they are united much more by trying to oppose the west and the US, as they are seperated by their own interests. What do you think of silver as a backup for their new currency?

Tim B 2y ago

Do you think hypernostrization is possible?

I think if yes, then it needs at least another 2 bitcoin bull cycles.

People need to learn first about the priv key- pub key system

Replying to

Tim B

Just read the Communist Mankfesto from Marx and Engels, and in point five it says:

5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.

Kind of close to todays central banks, altough they just set the broad interest rate. 🤔 But funy how they are not so far away from the Communist Manifesto 😂

#CentralBanks #Communism

Tim B 2y ago

Another note about ce tral banks in germany by Marx and Engels:

10. A state bank, whose paper issues are legal tender, shall replace all private banks.

This measure will make it possible to regulate the credit system in the interest of the people as a whole, and will thus undermine the dominion of the big financial magnates. Further, by gradually substituting paper money for gold and silver coin, the universal means of exchange (that indispensable prerequisite of bourgeois trade and commerce) will be cheapened, and gold and silver will be set free for use in foreign trade. Finally, this measure is necessary in order to bind the interests of the conservative bourgeoisie to the Government.

Tim B 2y ago

Just read the Communist Mankfesto from Marx and Engels, and in point five it says:

5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.

Kind of close to todays central banks, altough they just set the broad interest rate. 🤔 But funy how they are not so far away from the Communist Manifesto 😂

#CentralBanks #Communism

Replying to

jack

🛸

Tim B 2y ago

Can you even work properly if you use #nostr so much? 😂

Replying to

inflationIStheft

Remember to go to work and pay your taxes, that national debt isnt gonna pay itself

Tim B 2y ago

Thats what 60% of work is all about!

Tim B 2y ago

#JohannHari should get to Nostr! He wrote a pretty good book about the downsides of attention driven social media (Stolen Focus: Why you cant pay Attention). #Nostr fixes this

Tim B 2y ago

#nostr is hope for positive interaction between humans on the internet with the right incentives

Replying to

Lyn Alden

My July 2023 public newsletter is out now:

https://www.lynalden.com/july-2023-newsletter/

It discusses the topic of fiscal dominance, and how interest rates become a weaker and weaker policy tool as public debt increases.

Tim B 2y ago

Hoe much % of BTC in one's portfolio is too much ?

Tim B 2y ago

#freediving in madeira

Replying to