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Thomas Rossi
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Building the open source network for logistics #startup #Bitcoin #hodl

Been missing from #nostr for a while, what’s up? What’s the latest fancy service being developed? Search users by names/NIPs look a cool side project

GM

☕️ ☕️ ☕️

It’s a good day to talk to clients and build!

Manca poco al grande ritorno!

Che argomenti ti piacerebbe approfondire?

GM, it’s a torture working inside, but I’ll manage!

Is it time for Jack to buy a relay, slam the Twitter logo and domain on it and show how it’s done?

GM happy Saturday ☕️ ☕️ ☕️

Please welcome Gabriele, the artist who made our Caribbean podcast intro tune!

@xgabrirossx

give him a follow, a zap, or whatever!

#nostr #plebchain

Replying to Avatar TheGrinder

I should note that I didn't write this thesis. I found it circling around the internet a few years ago and for some reason kept a copy on my cloud.

"I’d argue yes, without proof of work and mining Bitcoin wouldn’t be effective!"

I completely agree with this. Though I'd argue that it would be possible to have a national currency based on a different algo such as PoS for the sole purpose of rewarding every person who uses (not stakes, holds, trades) being paid "interest" on their "account balance" instead of being charged commissions and banking fees.

For example a nation like El Salvador using Bitcoin as reserve currency while having their own national currency with a less volatile monetary policy yet still with a low inflation rate.

Meaning while the government participates in the creation of Bitcoin the citizens would have a more stable token of commerce while still receiving benefits as we used to do when Banks still used to pay real interest for working with your savings.

I'd have to spend some time on revisiting the above thesis again but I found it rather intriguing when I first came across the document on the internet.

I mean one thing is certain, our governance models need a new OS. The old one, 2,000 year old Greek democracy, has proven to be incompatible with the world in the 21st century.

In my opinion we can elect any administrators we want for another 100 years and nothing will really change because everyone is working with a broken OS. It's like trying to run new apps on Win3.1 in 2023... does not compute.

Thanks for sharing! That’s an interesting topic and I also ack the OS example, I’d just say the old democracy is easy to exploit with current tech, maybe that’s why it’s so sticky.

I also agree on the multiple currencies, banks do that since hundreds of years: issue credits over assets, the asset stay put while the credits circulate. Bitcoin is easier to circulate than gold for sure, but it won’t deter banks from issuing IOUs!

That’s an interesting topic!

Social sciences are not my field and I read through quickly so apologies if I’ve missed it: when you speak about historical costs of doing business (gifts to elders etc..) I was immediately curious about how does it relate with mining costs (and exchange rate of bitcoin for actors who can’t mine)

“Although costs involve a great deal of the actual signaling (Smith et al 2001), are they really necessary?”

I’d argue yes, without proof of work and mining Bitcoin wouldn’t be effective!

A minor note, where is the abstract 🥶?

It’s the old “add gas fees” scam, the token are there but there’s no gas to move them, so the victim adds some eth or whatever and the scammer immediately withdraws 😂

that scams requires the concept of embedded tokens, so potentially you could do something similar also with rgb/taro I guess

Yep, free service sooner or later degrades into Twitter

Always has been nostr:note1k7k4tu4se5xycvuk8ahmqygwccfdzwrk3rqfdzjnx3pw37hruczq2p4dpl