I really appreciate Bitcoin, and I write about its properties, sometimes, but all of the price-talk sort of upsets me.

Feels like being in a casino or at a betting booth for horse races.

I love buying things in BTC or XMR.

prices may still be denominated in USD originally but it's a good first step.

as communities become more self-reliant and not needing to interact with fiat as much,

they can start to price goods purely in what they themselves value.

Bullshit. I buy things with bitcoin all the time.

That's what Unit of Account is.

The one that's so popular all goods are priced in it.

Here in Australia, publications always use AUD. In Britain its the pound.

BTC or gold would be my choice. Maybe XMR if the context is DNMs.

Facts.

It was gold until 1971.

It may be something else next year.

BRICS countries already moving off USD standard, and they're like a third of the global economy.

How do they arrive at the figure?

Let's say you lift a 70kg body by 10cm then that's E = m * g * h ~ 70J approx. = 0.016 kcal?

0.1 calories/step

0.1 calories/step

Bunch of mesh nodes in Vancouver 👀. I may set up a high gain antenna on my roof

The Age of Fiat is Over

—> A New Era Begins

130k words.

Officially done.

Coming end of October.

I just learned that 50-70% of the population doesn’t have an internal monologue.

I honestly can’t really comprehend this.

The Fed's mission is neither to keep inflation low nor to worry about the labor market, they are lying through their teeth. The Fed's mission is to keep the bond system stable, with low volatility, so that the US can finance itself at low cost.

The US lives at the expense of the other countries that buy its debt. To lower the volatility of the bond system basically what is done is to print money (QE), look at the correlation between the drop in volatility and the rise of bitcoin.

Now look at the high volatility of the bond system since 2022, this volatility will be suppressed because the US is more indebted than ever and needs more money than ever.

You better have your savings in noe's ark (#Bitcoin).

It is difficult to talk to monkeys 🦧

nostr:note1c9akt857v2u9pzh3uepy6kmkc3q483knywy3p7deezjrn6f0x27qy3ac5f

A relay is just a web server.

Never tried kangaroo. Does it taste similar to venison?

I'll make sure to remove offensive references to x next time I copy and paste. Sorry.

I disagree that's what's holding speed back. The issue is that clients talk directly to relays "just in time", and relays themselves are slow because they're getting overloaded by malfunctioning clients and don't have the right protections.

Pure clients can partially solve this by reading from an internal database synchronously ​​and populate it asynchronously (like Damus does with nostr-db), but there's limits to smartphones being able to do that without wasting precious disk space, battery life, bandwidth, etc.

Which is why I think the server model used by Ditto and Primal wins for mass adoption. Pure clients need to exist for freedom reasons, but it's a choice people need to want to make.