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SPA (Super Phat Arrow)
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Super Phat Arrow (seed tool & border wallets) DMs - Catch me on White Noise My Threema ID: https://threema.id/739EH39S SimpleX - https://simplex.chat/contact#/?v=2&smp=smp%3A%2F%2FSkIkI6EPd2D63F4xFKfHk7I1UGZVNn6k1QWZ5rcyr6w%3D%40smp9.simplex.im%2FKhwmrDkW5C4FGzBVodE85FhLX0lsMcp0%23%2F%3Fv%3D1-2%26dh%3DMCowBQYDK2VuAyEAZv43u5dSodiaMw-kNRImY2E82sjmgkwwyEgALaNyS2g%253D%26srv%3Djssqzccmrcws6bhmn77vgmhfjmhwlyr3u7puw4erkyoosywgl67slqqd.onion

This morning I was following around 600 people, I'm up to 946 lovely people now!

Please help me get to 1000 by:

1.) Sharing with others

2.) Commenting if you want a follow

Thanks💜

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Oh nice, thanks. There are some good lo-fi hip-hop instrumental playlists I use too.

Replying to Account deleted

They never heard of the zap economy… in all honesty I used to think like them.

Thinking with tokens, with good intentions, one thinks about how the token creation redistributes the value the network or dApp attracts without having the inflation it causes wreck the value of said network. If done properly, it is an interesting game of incentives that can extend beyond staking value into the network or rewarding ressources (computation, storage,… ). Now, how many projects have done this properly? Close to none probably.

I spent much time thinking about content delivery (with educational content as primary focus) and having a token or coin as a holder and redistribution mechanism of the value of the project makes things easier when trying to organise a protocol and its incentives.

Also, I do not mind multiple currencies as long as the mechanisms that governtheir exchange is fair, open and automatic… as long as BTC is at the center of it. BTC is the reference, the standard and as long as people think like this tokens can have a use, they represent a share of a decentralized private company with a specific goal in mind (content delivery, data monetisation, energy market, automated economic agents, BaaS and more…) ETH is just fuel for smart contracts. Nothing more.

That’s why I like BTC pairs. They reflect the real value of an ALT project. Take an ALT like LINK which provide real services required by the crypto industry, its BTC chart shows the picture of a success story. Take BCH on the other hand and its BTC chart shows a never ending bleeding disaster.

USDT pairs are liars, most of the action is caused by BTC and arbitrage traders do the rest. ETH has never beaten its 2017 hype price in BTC terms.

BTC needs to replace central banking and banking, Satoshi himself stated that micropayments can be taken care of by a payment processing companies. So, the payment system can be LN, but it can also be something like COTI which operates as a private company, uses its own token but has built its network with BTC right at the center.

Now, to go back to the main point. The zap economy… it forces me to rethink everything. For once, it keeps BTC as the currency I get to think in sats, and I love it. People are willing to tip a few sats for stuff they’d like to see becoming a reality, with enough exposure I wonder the kind of funding it can create.

The missing piece of the puzzle to me was Nostr. Nostr gives life to LN, it gives it a voice, it gives it functionality. Nostr can become so much with the right NIPs. So, the game of incentives needs to be rethought keeping in mind the BTC/LN/Nostr combo in mind.

Don’t be too hard with them, they just have not seen it yet.

Oooops… got lost in the process. Note over.

Sats are the only "token" we need. Imagine every company you dealt with in your day to day life had it's own currency. Tokens are a grift to print money.

Ah, nip13 on notes. Will we be able to do work before publishing a note on amethyst in future?