This Adam Back thread is changing my mind about bits/sats.
It would have to be well-edited but yes
This is awesome. A very valuable resource. #[2]
Maybe would be good to add to nostr-resources.com #[3]
My man Cory Klippsten knows what's up. Or rather, what's going down. Banks. Cory has been killing it recently with his short video clips. 🤙
https://video.twimg.com/amplify_video/1641456936766906369/vid/1080x1920/e8voVkU1YxT8FhB2.mp4?tag=16
Great shirt
It looks to me like they plan on it:
https://github.com/lightningnetwork/lnd/issues/5594#issuecomment-1453908298
Things you can do with gold:
1) Play chess.
https://mene.com/precious-objects/gold/pawn-chess-piece-gold
2) Pretend you own a golden goose.
https://mene.com/precious-objects/gold/golden-egg-gold
3) Spell your name.
https://mene.com/charms/gold/alphabet-charm-gold
4) Tell time.
https://mene.com/rings/gold/sundial-ring-gold
5) Roll your keys.
https://mene.com/precious-objects/gold/24k-classic-dice-gold
6) Trade it for about $2000 USD
7) Trade it for Bitcoin
8) Trade it for beef...
Etc
I would love to hear more about these opinions:
...the same cancerous system that has centralized the Internet...
...making the Internet a bit more decentralized. Doubtful; I believe it'll look like it does today on a long enough timeline. The Web of Trust model does not scale, and I have little faith in the "decentralization" of the Internet in the long term.
"As the financial sector becomes larger, can all of it really be bailed out, with inevitably limited resources? Can it all be monitored so carefully, whether through government or private market incentives? Is there a large enough supply of truly safe assets, such as short-term Treasuries, to cover the risks? The answer to all of these questions, sooner or later, is no.
"Which is why, if you ask me when you should prepare for the next financial crisis, my answer is always … now."
"Both regulators and the regulated tend to deploy a backward-looking definition of a risky asset or portfolio position."
"in case it catches on"
Stocks and cash were involved. Stocks were like 60%.
Bonds may have been part of it too.
Various fiat papers.
It's a recommendation for normies. 1% BTC is way better than zero.
Learning about nostr needs its own educational materials. I like this video:
Just read the first half. I'd say there's not much point for non-devs