My whole city pulled out foreigns with they tax money 🤷🏾‍♂️ I bet nobody converted fiat to btc in my city.. they riding they wealth. Make it make sense.. #grownostr #plebchain

does it get thru a mask???

🐻 Bears Won! 📉

Starting Price: $27374

Final Price: $27353

🤑 Congratulations to #[0] for winning 99 sats

📢 Comment below if you think BTC price in 9 minutes will be higher/lower than 👉 $27353

📝 Example 👇

/bull 100 [ bullish, 100 sats ]

/bear 60 [ bearish, 60 sats ]

nostr as a protocol should focus on being more censorship proof and less feature rich

Go after them all.

My very first post on #nostr!

I know I will look back to this post once in couple of years.

But I have no idea what to say...

So.... GM everyone!

On money, liquidity and eurodollar - or why stablecoins more often used as money comparing to bitcoin - against Austrian economics expectations - and in the future this doesn’t seem to change.

Imaging you run a factory producing metal chunks. Your supplier is an iron mine. A client who bought last consignment from you is late with the payment - but you still need to buy from the supplier to produce the next consignment.

Normally what you do is you go to the bank and take a loan - a credit against collateral of your factory assets (equity shares, goods and other forms of capital). However, during crisis fiat banks avoid high risk and do not provide credit - or ask interest rate which destroys your business model. That is why central bank system has emerged as a credit of last resort - but as we know it doesn’t work as expected.

In hyperbitcoinized world if you go to bitcoin hodlers (new form of bankers) - they would put even higher interest rate to match the bitcoin volatility risks. Thus, you can’t operate under such conditions.

Where are we left? A good factory with no real problems has cease to operate/stop ovens (which kills them) - why? Because there is no liquid money in form of credit available - and #Bitcoin doesn’t seem to be fixing that in any way (instead it will make the problem to be worse than in the gold standard age, since the gold can be mined - while bitcoin, after some period, is not).

So what market participants will do? First they will switch to barter (like in post-USSR in early 90-th), but because of its inefficiency soon they will invent their own credit liquid money - and, if it would happen today, it will be probably on form of crypto. This will be an IOU money. Eventually a new private banks will emerge which will be producing those money in return for collateral, doing risk scoring.

This is why I am after private banking school of economics - and not Austrian nonsense about economics being able to run with hard money made of scarcity. Money must be liquid.

This is the use case for crypto or digital finance - and the reason why stable coins gain such tracktion (before them it was eurodollar, which is in fact a private banking money not managed by central banks - a dominant form of money in the world as of today).

He has Asperger’s

I’d like to see something like this but with Holepunch instead of BitTorrent.

That i know, but just looking for a way to see inactive profiles or “bot like” profiles easier 🥲

Nostr clients could store tons of data (if desired) every event it comes across for way faster browser - with the downside of huge amounts of storage taken up. Depending on your wants / needs some will probably decide to do this