One word: #Amethyst

What is/does a proper nostr client?

#amethyst It works well

The Nostr client you're using is, in some sense, you.

I'm in the best shape of my life, and yet I'm just getting started.

WOW🤯

A lightbulb just went off in my head that I’ve never considered before now.

The immutable ledger of #Bitcoin allows for the unalterable recording of history…

We’ve never had that before now. All of history up to this point is subject to debate, because it’s essentially recorded by the “winner”.

Nobody will be able to alter the facts/events that we experienced in the future once recorded on Bitcoin’s blockchain.

Truly a new era of the Information Age.

Moving in the right direction. Stay tuned for Primal iOS TestFlight 3, coming later this week with improved feed rendering, new features and more fixes.

When money inflates in supply, employers have the benefit of the status quo, and wage earners have the burden of work to negotiate higher nominal wages to keep up.

The effect is subtle in developing countries, a few percentage points per year, but it's always there behind the scenes. People often have to switch jobs to get proper higher wages, and avoid the anchoring bias from their prior employer. This is all because of dilutive fiat money.

The problem becomes more obvious in developing countries.

For example, the IMF tells Egypt to cut its currency in half relative to the dollar, if it wants some loan relief. It does. Now, every Egyptian wage earner has to try to negotiate a raise to regain some portion of their prior wages in terms of global purchasing power. Virtually all of them will not be able to. And then seven years later they do it again.

But when money deflates in supply, and the unit of account therefore appreciates, wage earners gain the benefit of the status quo in negotiations. If their salaries merely remain the same as averages prices go down, they have gained a raise (which makes sense, with greater experience).

The burden of work shifts to the employer, who has to argue that wages should be cut in line with prices.

I think the magnitude of this effect is poorly understood. If it were more understood, I think a subset of labor-oriented political proponents would appreciate hard money a bit more.

When money inflates in supply, employers have the benefit of the status quo, and wage earners have the burden of work to negotiate higher nominal wages to keep up.

The effect is subtle in developing countries, a few percentage points per year, but it's always there behind the scenes. People often have to switch jobs to get proper higher wages, and avoid the anchoring bias from their prior employer. This is all because of dilutive fiat money.

The problem becomes more obvious in developing countries.

For example, the IMF tells Egypt to cut its currency in half relative to the dollar, if it wants some loan relief. It does. Now, every Egyptian wage earner has to try to negotiate a raise to regain some portion of their prior wages in terms of global purchasing power. Virtually all of them will not be able to. And then seven years later they do it again.

But when money deflates in supply, and the unit of account therefore appreciates, wage earners gain the benefit of the status quo in negotiations. If their salaries merely remain the same as averages prices go down, they have gained a raise (which makes sense, with greater experience).

The burden of work shifts to the employer, who has to argue that wages should be cut in line with prices.

I think the magnitude of this effect is poorly understood. If it were more understood, I think a subset of labor-oriented political proponents would appreciate hard money a bit more.

primal has a concept called "network" - it is all the people you follow + all the people they follow

it's a pretty great starting point for curating your nostr feed - would be a solid default view for a mainstream client imo

What's the libertarian / ancap solution to scammers?

Yelling and pointing them out is only partially effective because it's not possible to warn (or even convince) the whole world.

Ostracizing has the same issue - there are always more fools in the sea for scammers to harvest.

Civil lawsuits are similarly flawed because the successful scammer will be better funded than the victims.

Seems like an opportunity for a̶s̶s̶a̶s̶s̶i̶n̶a̶t̶i̶o̶n̶ prediction markets...

Unpopular Opinion:

Buying something with Bitcoin and then replacing it buy buying the same amount on an exchange when other payment options are available is like charging your electric car with a diesel generator.

What do you mean religious based? Are you implying that if they weren't religious they wouldn't have gone to war?

Just because no atheist group in the past survived long enough to even be called a civilization doesn't mean you can blame war on religion.