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frphank
47be0b2a89faaa66bc57f5c679203486da45660295cb3db3c2f38f4be8d8816e
Autopoietic. Scratching things from chaos. Homesteading the noösphere. Opportunity farmer: Reading things that are not yet on the page. Haskell. Dollars only, thanks.

Oh my so much doubt and confusion.

Those with skills are welcome in our fiat world where we do a reasonably good job at measuring the value of time.

It is currently valued at about 5%/year across the whole economy. You're welcome.

Unskilled hicks stay out.

Bitcoin fixes this? Don't disappoint me here.

Thanks just checking how much Bitcoin do I actually need to own before I'm considered having fully understood it?

Is 1 sat enough? That can be arranged for.

Absolutely correct, good job pointing it out.

What we need here is some form of repudiation of notes, so that you can later say "I never wrote that". It's effectively deletion.

One way is that you can limit the time your notes/posts are valid. Each note will be signed by a temporary key that's valid for, say, a week. The temporary key in turn will be signed by your permanent key which is your identity.

After a week you publish the secret key to your temporary key. This will dissociate any note you signed with the temporary key from your identity because now everyone could have written and signed it.

Then you generate a new temporary key for the next week. I would expect relays to purge expired notes on a regular basis because what's the point of a note without an associated identity.

If you want your notes to be valid for longer than a week you'll have to re-sign them each week with the current temp key. There can be good UX and automation to make this easy.

Bitcoin will fix this? Don't disappoint me here.

Cointards running in circles because their currency isn't stable, never will be.

nostr:note1kyal5vvddzd0wlztp4sttjrj33vx8zzq8ngd03qsj8wykhf58vzs869v7m

Replying to Avatar Reid Walley

All of your questions for Nathan should be directed to nostr:npub1cn670f663n3ks02jnnlsvd5y88zjnefy8343ykaxs7y3nzzketrsrjwt8a 🙂

Also, how are you earning #Bitcoin? The circular Bitcoin economy starts with you and me and Nathan and his daughter and on and on…

I'm in a circular fiat economy just fine thanks.

The possibility of refunds or invoices creates financial risk on one side or the other which is what we wanted to avoid in the first place.

The only way you can financially plan ahead is with a stable currency, the more stable the better. Bitcoin is fundamentally unable to achieve that, the best we have today is central bank fiat from civilized countries.

If you want to design your own possibly "more digital" finance scheme you'd have to design it "stability first".

Much to the detriment of the fake news Bit-cons use to appeal to peasants, central banks cannot print money just willy nilly. In Zimbabwe maybe, not in a civilized country.

There are rules there, the most important one is that "money is lent into existence" meaning freshly printed money is handed out as a loan, not a free gift.

Because loans can be demanded to be paid back and as such reduce the money supply. The interest rate on those loans also limits the amount of money borrowed and as such, printed.

Yes IPFS computes a hash, even though it's a bit involved so the hash won't be the same as Blossom's or what sha256sum tells you.

Lack of a DHT is a big one. IPFS's DHT is what they claim makes it scale ("interplanetary" lol) but it's poorly designed and doesn't actually scale well. You'll find lots of timeouts and "content not found" even though the content it out there somewhere.

No, they take it away from OTHER people that's fine.