gn warsaw, gm tokyo, gd new york
writing is thinking, not the other way around
nostr:note1406q4q3hxh7srl9z4wnfzsvknhjs0kx00gptpaz9d3lz4nt3fusq5vfk76
Aren’t watches shit coins??! 💩
Many of us never learned this in business school, but understanding the three primary functions of money is essential:
1. Medium of Exchange
2. Unit of Account
3. Store of Value
Focusing on the third function, the 'Store of Value,' is particularly important. Money should be able to be saved and retrieved later while maintaining its value over time, enabling its use in future transactions. This is one reason why gold has served as a form of money for over 5,000 years.
In contrast, fiat money struggles with this third function. The built-in inflation is not merely a flaw; it is a necessary aspect of its debt-based system. As a result, people find themselves working for money that does not effectively serve as a store of value, prompting them to seek alternatives.
When Nixon abandoned the #gold standard in 1971, we witnessed a massive surge in asset price inflation. This shift occurred because individuals were trying to protect their purchasing power—essentially their life energy—by investing in alternatives like stocks, real estate and surprisingly in watches.
Blocktime: 859 655
v/byte price: 4 sat/vByte
Study #bitcoin 🧡 on #nostr here:
nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8
nostr:npub18kpw3akvdsyk239lx0jgwksr74sq4nlha3r8u9g2rnrhztfpfhysy469c4 👇🏻 
“a watch tells the time; a $20,000 rolex tells people you’ve got issues.”
~ christopher ryan
gm ☀️
sounds a little like a “global village,” but community is definitely the direction. will think on it and share some thoughts later
we had some discussion on this with nostr:npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m and my opinion circles around "being in charge".
i don't ask for permissions.
i'm not a product here.
i own the mute btn.
i choose
feeds,
apps,
ppl.
it’s a fuckin powerful thing when you consider today’s internet, and probably the broader promise that will attract normies
generally, i’m intonostr:npub1wmr34t36fy03m8hvgl96zl3znndyzyaqhwmwdtshwmtkg03fetaqhjg240's belief that nostr can transform from a “bitcoin meetup” into sth like copenhagen’s christiania district. people from various professions, with diff passions, but all sharing common values (and here comes the full nostr ideology side). i think that’s a key part of nostr’s identity, and why we, as strangers, have so many topics to talk about.
hey nostr! i’d love to hear your thoughts on the privacy side of the protocol.
#asknostr #introductions
nostr:note1srhp30nns29t03la8j3ec22xykkccde9v9sd8a9vdkcw50g0kffswe7mkj
One of the things Nostr needs (nostr:npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m and nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6) are right about this) is better #marketing. It's going to take months or years of repeating the message over and over, to drill it far enough into people's heads, that they turn to us in an emergency (when user inertia lifts).
I try, but I have little reach outside of Nostr because I'm more of a quality assurance specialist and we also don't have enough of those. I can't do both, for the entire protocol.
Do we have any sales and marketing reps in here?
marketing 🫡
luckily, 1 btc is still worth1 btc!
neither “10 hacks that will change your life” 🤙
statistics and physics lesson in one picture.
1. smoother line over time shows how distribution and regression to the mean work.
2. the line’s direction, when considering bitcoin, mirrors the 2nd law of thermodynamics and the concept of entropy. decentralization is a natural state of the universe.
nostr:note1fyqsqegtvq4g60sma23dp634px9mm62clv0dd5fpkcfz8wd06r9sxfuz5h
gm ☀️ hodl your head high this week!
i'd say the moral is academia is theoretical and guys were disbelievers, but to truly assess their opinion we'd need to know how many jeffs actually failed with similar projects. survival bias alert
zapping, value for value :) these are still unknown waters with big potential