#Bitcoin is like a battery. Why getting off zero is so important. Bitcoin is becoming the Total Accessible Supply of Energy (T.A.S.O.E.), as of now you can plug your energy into Bitcoin to power this battery.
As the battery grows, so does the difficulty at which you can take part of the T.A.S.O.E.
Isn’t anything in the crypto space, including web3, besides Bitcoin?
I am using Alby with BlueWallet. Works perfectly and the zaps on Nostr is flowing frictionless every single time.
Following you too! Take my sats ⚡️
Cheers! Following you back. Your LNURL seems to be failing. Getting, "Failed to process LNURL pay.".
Why are we not following and zapping each other yet? Follow and receive my zap ⚡️!
IMF offers Jordan’s central bank recommendations for implementing retail CBDC
What are you nostriches up to this beautiful and sunny morning?
Friend tells me, "Bitcoin does not have any value, because it doesn't have any intrinsic value and it isn't backed by anything.".
There’s no such thing as intrinsic value. You could argue happiness has intrinsic value, as all actions are driven towards this end goal, but that would be the only thing. Everything else is valued subjectively by individuals. To you, dollars may be of value, to me it’s not really. I cannot do any daily transactions using dollars. To a man living on an island with no water but a million dollar in cash would surely pay his million dollars for a bottle of water. Does that mean waters intrinsic value is a million dollar? Does it mean that the dollar is worthless? In some scenarios yes, and in others no.
The dollar is not backed by anything except for the promise of US government to repay their debts. It’s not backed by oil and it’s not backed by gold. Yes, most oil is traded using dollars but that is a very different thing. That is the Eurodollar network in works, which is essentially a global dollar system (not just Europe).
It really all boils down to the trust of the currency. Do you believe you can still use your dollar tomorrow? Probably yes. Do you believe 1 dollar today would be the same as 1 dollar tomorrow? Probably. But also the next 5-10 years? History tells us this is not the case.
You can ask the same questions for Bitcoin or any other type of money. Bitcoin is far from mature enough to work as a global standard but can it be excluded as a candidate? Most definitely not.
Then there’s Gresham’s law. Bad money drives out good money. Why is that? Well you do not want to spend your good money if you can spend inferior money and get the same goods. Why not use your bad money first and then your good money?
Gm zappers! ⚡️
Bitcoin and Nostr enables the flow of true value. We are experiencing the extinction of digital parasites.
Go get them wasted and upload a picture on that. Now tell them it will always be accessible on Nostr.
Already happened in Denmark.
> The final passage of the bill makes the niqab and burqa illegal to wear in public in Denmark. The hijab, as it refers to body coverings in general, many times a headscarf and does not require the face to be covered, remains legal (as long as there is no face covering)
That is the beauty of it. You don’t know. But you know you provided value to someone. ⚡️🔥