Opened nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg‘s Cashu.me Wallet on iOS Safari (https://wallet.cashu.me/welcome) and installed the Progressive Web App (PWA) to the Home Screen on my phone.
Added 3 Mints that I found on BitcoinMints.com (see pic).
Created 3 Lightning ⚡️ invoices in Cashu.me (one for each Mint; Receive > Lightning > choose Mint > amount > create invoice > copy) and paid them with nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 (Lightning > Send > paste invoice)
💪
Thanks for the information 🙏
"[Governments believe that ... when there is a choice between an unpopular tax and a very popular expenditure, there is a way out for them - the way toward inflation. This illustrates the problem of going away from the gold standard [which has no inflation]."
—Ludwig von Mises
“Under a sound monetary system, government had to function in a way that is unimaginable to generations reared on the twentieth-century news cycle: they had to be fiscally responsible.
“Without a central bank [The Federal Reserve] capable of increasing the money supply to pay off the government debt, government budgets had to obey the regular rules of financial responsibility which apply to every healthy normal entity, and which monetary nationalism has attempted to repeal and state education attempted to obfuscate.
“For those of us alive today, raised on the propaganda of the omnipotent governments of the twentieth century, it is often hard to imagine a world in which individual freedom and responsibility supersede government authority.”
- Excerpt from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Ammous’s The Bitcoin Standard, Ch 7, Sound Money and Individual Freedom
Some peeps say that deflation is bad.
I say you’re proving them wrong when you buy a new phone for the same price (or less) that has 2x the storage, 2x the speed, and longer battery life than the phone you bought only a few years ago.
Corndalorian with the 2Pac “Hit ‘Em Up” reference
I remember when I finally heard enough times from existing clients in the late 1990s, “Can you do websites?”
I did *not* want to do websites. But more and more of my graphics clients started asking for them, and I turned them down because I didn’t know jack shit about making websites - nor did I want to.
But, nope, the Internet wasn’t gonna let me stay where I was.
It’s the same with AI today. Lots of artists I know are fighting against it. I get it. But it’s not going away and it’s gonna run your ass over just like web sites was running my ass over back in the day.
100% what nostr:nprofile1qqs03ekxgdp0rczjfqrrpcn7zqtdec6lcwnpfesyxnl0f239qvege2gpzfmhxue69uhhqatjwpkx2urpvuhx2ucpr9mhxue69uhhq7tjv9kkjepwve5kzar2v9nzucm0d5q3gamnwvaz7tmwdaehgu3wdau8gu3wv3jhvgfafjn said. Running a node on the phone has certain tradeoffs. HODL invoices are one of them for dealing with the fact that your wallet has to be online and "awake" to receive, and mobile OS's aggressively kill apps in the background to save memory and battery life.
Appreciate the info 🙏
Thank you so much for the explanation and options 💪
I have my nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 Lightning ⚡️ Address set in my Nostr profile to receive #Bitcoin Lightning Tips.
But, every Zap that I receive to my Zeus wallet has a 24-hr expiration time limit and I have to manually Redeem the Zap.
Is there a way to just receive Zaps without having to always manually redeem them before they expire?
Or, am I just seeing the Redeem button and clicking it, when in reality I don’t need to Redeem at all and Zaps will just be auto-added to my Zeus wallet?
#asknostr
–> Changing Views on Deflation’s Impact
“Contemporary economists challenge the old interpretations of deflation.
“There is a range of opinions that exist on the usefulness of deflation and price deflation, including the 2004 study by economists Andrew Atkeson and Patrick Kehoe. After reviewing 17 countries across a span of 180 years, Atkeson and Kehoe found 65 out of 73 deflation episodes with no economic downturn, while 21 out of 29 depressions had no deflation.
“Deflation makes it less economical for governments, businesses, and consumers to use *debt financing*. However, deflation *increases the economic power* of savings-based equity financing.”
You should just be able to be a working-class mug, store your wages as cash in an old paint can, and be able to buy more next year than you could last year.
That’s it.
That’s the whole premise behind why inflation is bad.
Hat-tip to nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe's
#Bitcoin is bounded by energy
Which design do you like: 1, 2 or 3?
Every nation on Earth went off the Gold Standard so they could inflate/manipulate their fiat money supply.
This was not to help the working class, this was to help the government. Inflation is a hidden tax on the proletariat.
Inflating the money supply destroys the purchasing power of the working class, while at the same time boosting asset values of the rich.
Inflation/manipulation of the money supply *is* the problem.
Appreciate the Zap ⚡️ 🙏
