whats that flying thing heading towards a bead on your neck?
How did you learn English?
https://void.cat/d/Pqm1rqrRChNwYZ7fKL14VJ.webp
taxes, inflation, Cryto and no physical money.
#artmoney ?
The physical money you can use at stores !
I'll try that. I love art. Theres a size format and I think it has a value of $38+or-. Its backed by plain good physical art. Who's in?
https://nostrcheck.me/media/public/nostrcheck.me_8564685686293757081693049433.webp #shitpost #meta #meme #zuckerberg #funny
Father Zuckerberg blesses Nostr
I guess that is legal, right?
#zapathon #bitcoin #nostr #plebchain #grownostr #zap #art #memes #pleb
what if someone goes, "opps!" and drop a crane on your house? Its still your land. What will your new house look like?
me: how does bitcoin not have inflation?
AI: Bitcoin is often described as having a limited supply, which means that there is a maximum number of bitcoins that can ever be in circulation. This is achieved through the design of the Bitcoin protocol, which establishes a set of rules for the creation and distribution of new bitcoins.
Limited Supply of Bitcoin
The limited supply of bitcoin is achieved through a process called mining. When a new block of transactions is added to the Bitcoin blockchain, miners compete to solve a complex mathematical problem. The first miner to solve the problem is rewarded with a certain amount of newly minted bitcoins, which is called the block reward. This is how new bitcoins are introduced into circulation.
Halving Events
However, the supply of new bitcoins is not unlimited. The Bitcoin protocol includes a mechanism called "halving," which reduces the block reward in half approximately every four years. This means that over time, the rate at which new bitcoins are created decreases.
For example, when Bitcoin was first created in 2009, the block reward was 50 bitcoins. In 2012, it was halved to 25 bitcoins, and in 2016 it was halved again to 12.5 bitcoins. The most recent halving occurred in May 2020, reducing the block reward to 6.25 bitcoins. This process will continue until the maximum supply of 21 million bitcoins is reached, which is expected to happen in the year 2140.
Deflationary Nature
The limited supply of bitcoin and the decreasing rate of new bitcoin creation make it a deflationary asset. This means that, in theory, if demand for bitcoin continues to increase while the supply remains limited, the value of bitcoin could increase over time. This is in contrast to fiat currencies, such as the US dollar, which are subject to inflation as central banks can create new money.
It's important to note that while bitcoin is often described as having a limited supply and being deflationary, its value can still be influenced by various factors, such as market demand, investor sentiment, and regulatory developments. Additionally, the cryptocurrency market as a whole can be volatile, and the value of bitcoin can fluctuate significantly in a short period of time.
In summary, bitcoin does not have inflation because it has a limited supply and the rate at which new bitcoins are created decreases over time due to the halving mechanism. This makes bitcoin a deflationary asset, meaning its value could potentially increase over time if demand continues to rise. However, the value of bitcoin can still be influenced by various factors and the cryptocurrency market can be volatile.
what is the purpose of this? I thought I already have a profile somewhere
who is that in the painting?
I asked AI on this: You are correct. If you don't have your own Lightning node with an open channel with a very large digit, you will need to rely on custodial wallets to send or receive large amounts of Bitcoin. This is not very practical because it requires you to trust a third party with your funds.
There are a few ways to avoid this. One way is to run your own Lightning node. This will allow you to open channels with other nodes, including those with large digits. However, running a Lightning node requires some technical knowledge and resources.
Another way to avoid custodial wallets is to use a decentralized exchange (DEX). DEXs allow you to trade Bitcoin directly with other users, without the need for a third party. However, DEXs are still in their early stages of development, and they may not offer the same liquidity as centralized exchanges.
Finally, you can wait for the Lightning Network to mature. As the network grows, there will be more nodes with large digits, and it will be easier to send and receive large amounts of Bitcoin without relying on custodial wallets.
I came across something you said. You said, " lightning purchase is fine for small amounts, otherwise on-chain payment is more than fine."
This AI said (see below), "It is suitable for small-sized payments ".
I'll have to read this again. Thanks
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AI -> Bitcoin Liquid Network VS lightning
The Liquid Network and the Lightning Network are both layer-2 scaling solutions for the Bitcoin network, but they serve different purposes and have different features. Here are the key differences between the two:
Liquid Network:
The Liquid Network is a sidechain of the Bitcoin blockchain, meaning it operates alongside the main Bitcoin network.
It is primarily designed for use by exchanges and businesses that require fast and confidential transactions.
Liquid allows for the issuance of assets (such as security tokens) and the trading of multiple assets outside of Bitcoin , like USD and stablecoins.
It provides fast settlement times and transaction confidentiality.
Liquid is optimized for transactions involving large amounts of Bitcoin , making it suitable for wholesale trading and inter-exchange transfers.
It is not suitable for micro or everyday payments, as it is designed for larger transactions.
Lightning Network:
The Lightning Network is a payment channel system built on top of the Bitcoin blockchain.
It is designed to facilitate fast, low-cost, and scalable transactions for everyday payments, particularly microtransactions.
Lightning enables users to open payment channels with each other, allowing for off-chain transactions that can be settled later on the Bitcoin blockchain.
It is suitable for small-sized payments and provides a way to make instant payments without relying on the blockchain's confirmation times.
Lightning is optimized for use in retail settings, allowing merchants to receive micro to small-sized payments from customers cheaply and quickly.
It does not provide the same level of transaction confidentiality as Liquid.
In summary , the Liquid Network is focused on larger transactions, asset issuance, and inter-exchange transfers, while the Lightning Network is designed for small everyday payments and micropayments. Both networks aim to provide scalability and improve the usability of the Bitcoin network, but they serve different use cases.
You are correct. Hypercalvinism is a form of Calvinism that takes the doctrine of predestination to an extreme. Hypercalvinists believe that God has predetermined everything that will happen, including our salvation. They argue that this means that there is nothing we can do to affect our eternal fate.
This view is often criticized for being fatalistic. It can lead people to believe that there is no point in trying to do good or to follow God, because everything is already predetermined.
However, it is important to note that not all Calvinists are hypercalvinists. Most Calvinists believe that God has predetermined our salvation, but that we still have the ability to choose to follow him. They believe that God uses our free will to accomplish his purposes.
The Islamic concept of Inshallah is also fatalistic. It means "God willing" and is used to express the belief that everything happens according to God's will. This can lead people to believe that there is no point in planning or taking action, because everything is already predetermined.
However, it is important to note that not all Muslims are fatalists. Many Muslims believe that we have the ability to make choices and that our actions can affect our destiny.
Ultimately, whether or not we believe in predestination is a matter of personal faith. There is no right or wrong answer. However, it is important to be aware of the potential dangers of fatalism, whether it is expressed in a Christian or Islamic context.
God has predetermined who will be saved and who will be damned. This means that God has already decided whether you will be one of the elect, who are saved, or one of the reprobate, who are damned.
Calvinists believe that God's predestination is not arbitrary. God has chosen the elect based on his own good pleasure. This means that there is nothing you can do to change your eternal fate. If you are one of the elect, you will be saved no matter what you do. If you are one of the reprobate, you will be damned no matter what you do.
Some people believe that this view of predestination means that God is restraining our ability to make uncoerced choices. They argue that if God has already decided our eternal fate, then we don't really have any free will.
Calvinists, however, would argue that our choices are still our own. They believe that God has given us the ability to choose, even though he has already predetermined our ultimate destination.
They would say that our choices are still meaningful, even if they don't ultimately determine our eternal fate. Our choices can still affect our lives in this world, and they can also reflect our relationship with God.
Ultimately, whether or not you believe that Calvinism restrains our ability to make uncoerced choices is a matter of personal interpretation. There is no one right answer.
hyper Calvinism messes with my mind.
But I do know the 66 book Bible is authored by God from deep study of mathematics.
Its the least human thing I can do, like tadpoles inside a bubble. I'm kicking my legs but it doesn't seem to make my bubble move. I can't get where I want to go. might as well be a puppet in a bubble
how do we know we're getting the real Nostr?
Based on my understanding of Calvinism, it teaches the concept of predestination, which suggests that God has predetermined everything, including human choices. According to this belief system, individuals may not have true free will in the traditional sense.
It's important to note that this is a complex theological topic with various interpretations and perspectives within Calvinism. Some adherents argue that human choices are influenced by God's sovereignty, while others emphasize human responsibility within God's predetermined plan. The interaction between free will and predestination is a subject of ongoing debate among theologians.
If you have any further questions or need clarification on specific aspects of Calvinism, feel free to ask!
I can't get BS on windows. I thought Windows were the most popular desktop OS. What was @jack thinking?