That's crazy. Also noticing you're a kangaroo... An erudite one. What happens if you just go hunting without permission?
Can't cite anything, but I've listened to Yarvin talk a few times. I *think* the proposed method is for a rich guy to buy the land. He's rather scant on actual details, though.
I'm imagining it on a scale that's like 50k tiny sovereign duchies in the state of Iowa. Which... Is probably more than would fit... But hey, its imagination.
Remember that idea I wrote earlier today? That was fucking retarded. Cntrl + c exists.
Wow. I'm on a roll.
I haven't seen any spam or even the kind of amusing bots since replyguy. Is that still around? I turned off a few relays and voila, gone
I don't think that will affect the broader economy. 10 mil per coin is cheap, BTW. But there's our real challenge - people are blinded by dreams of riches, instead of thinking about how we liberate humanity. I digress... I don't think btc's price has any affect on the usability of the dollar or whatever fiat. If they need to make a 10k dollar note so people can buy a carton of eggs, no problem. That's about what it costs in South Korea, using their won - they didn't start at that point. Wheelbarrows of digits on your credit card is no problem at all. Actually, people would love it, since such high inflation would effectively zero out their existing credit card balance.
But supposing you're right, and the USD becomes unusable because of bitcoin storing a lot of value... Then we have an even worse situation. Anyone doing anything will need a loan from a bank that used to be a btc fund. And loans get repaid with interest. So, ... Oh.
New thought. This is evil... But it might be the solution. So the bitcoin economy is rescued by defaults, which literally have to happen, because interest payments are unpayable with deflationary money. Can't take any chances... We'll have to purposely crash the economy. That's doable. The defaults disperse the btc because businesses pay their suppliers. If the rate of deflation is high enough, or janky enough, no bank can profit on btc... People will suffer, though. Not a good solution, but at least not nothing.
The halving cycle could ripple onwards long after it ends.
Hmm. And I think that means the best business a bitcoiner can be in, other than selling btc, is off grid survival gear.
But it doesn't matter. That's all based on the supposition that saving in btc magically ends the USD. That would only be true if the government couldn't borrow USD. They can always borrow USD. Hyperinflation very well could happen, but plenty of countries have carried on under conditions of hyperinflation.
Well. Stream of consciousness. No point in making it look pretty.
True true... Its just that some kind of magic occurs. I reread it but can't see the error. Then 1 second after hitting Post, I see it/them
I think I'm in the minority about edits... also not a dev, so lol... If you don't want edits, then please fix my autocorrect on my android's keyboard. More like auto-incorrect.
did y'all start getting Christmas advertisements before Halloween? Cuz we did...
gah, i get things backwards all the time (imagine how it is when i'm coding lol)
most clients now support auth
meanwhile nostr:nprofile1qyv8wumn8ghj7enfd36x2u3wdehhxarj9emkjmn99uq3wamnwvaz7tmfde3x77pwdehhxarj9emkjmn99uq3samnwvaz7tmrv4kxcctj9ehx7um5wgh8w6twv5hszythwden5te0dehhxarj9emkjmn99uq3samnwvaz7tmrwfjkzarj9ehx7um5wgh8w6twv5hsz8mhwden5te0vfhhxarj9ekxjemgw3hxjmn8wdcx7un99e3k7mf0qy2hwumn8ghj7er9wd3ksmm0d35kueeww4ej7qgwwaehxw309askgun99eeh2tcpr9mhxue69uhkvet9v3ejumn0wd68ytnzv9hxgtmjw5qzq0vy9tlv6h3f8u5tvcnexdcy50acec2n42ga0y9tz8m2w5k5ffpdprlx2x and nostr:nprofile1qyghwumn8ghj7mn0wd68ytnvv9hxgtcpzemhxue69uhks6tnwshxummnw3ezumrpdejz7qgewaehxw309aex2mrp0yhxummnwa5x2un99e3k7mf0qy88wumn8ghj7mn0wvhxcmmv9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcprpmhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0qyghwumn8ghj7vf5xqhxvdm69e5k7tcpzamhxue69uhky6t5vdhkjmn9wgh8xmmrd9skctcqypftfgrkhjammsap4marwdvpdnm5nya3hrdjq2cpezputzl8ltvt6arddjr have struggled to run paid relays for over a year, because without auth it's almost impossible to practically get people to pay for relay service
and adjunct to that, Mazin most notably has been trying to pionere the use of automated messages from his relay service relating to subscriptions... i have done a little work with writing nostr chatbots, and its doable, but client support is pretty unreliable ,and like nostr:nprofile1qyghwumn8ghj7mn0wd68ytnhd9hx2tcpzfmhxue69uhkummnw3eryvfwvdhk6tcppemhxue69uhkummn9ekx7mp0qyfhwumn8ghj7am0wsh82arcduhx7mn99uq3vamnwvaz7tmzv4mx7tnwdaehgu339e3k7mf0qydhwumn8ghj7argv4nx7un9wd6zumn0wd68yvfwvdhk6tcpz9mhxue69uhnzdps9enrw73wd9hj7qgcwaehxw309ashgtnwdaehgunhdaexkuewvdhk6tcpz4mhxue69uhkgetnvd5x7mmvd9hxwtn4wvhsqgrucv52prwm9t7ln7d7w7l07nyrfz0lj7tjrqnav299gtej5frupczltv89 says, who is also another relay service entrepreneur, it's really hard to get messages out to people over nostr
Everything I was about to write... you've probably already thought of... Well anyways, thanks for your work on relays. All of y'all.
If I sound authoritative, I'm sorry. I'm retarded. Nothing I say should ever be given too much weight. I want to be proven wrong. Gently, if possible.
No. We're still defunding the state. We're still withdrawing our support. And we're still trying to do something as opposed to not trying at all, which is what everyone else is doing.
Only when I die... And I'm not ready for that yet
I have another idea. I know its retarded, but you can tell me how.
You could split the encrypting and decrypting a different way - like folding paper hamburger style instead of hotdog. Instead of having a program with a module that does all of the process of decrypting, the receiving program only knows how to handle keys. The message itself contains the code to read the message. Meaning, the algorithm used is kept a secret, like the private key, but of course private keys don't go in messages. By doing that, the message, while encrypted, is also a binary that executes itself on whatever machine received it, and it just does one thing : deletes itself on a timer. Or, slightly better, the message contains an incomplete binary and the receiving program does some variation of concatenation to complete it in a predictable way. But the key thing that made me think this is, encryption is pointless unless the sender can be confident that the message was deleted - hence, turning the message into an executable that deletes itself.
I can think of two flaws already, but I also can think of solutions to those flaws - I just am nervous about my novice level computer lingo. So I'll just see what you say.
Oh boy... Bracing myself. Be nice, people... but I do want to know the solution.
I thought I was the cause of that other note... I know, I understand very little. Just curious.
We have a catch-22 situation. 10 or 20 or 100, doesn't matter. If bitcoin is only used as a savings mechanism, then fiat wins because its still the currency and still funds tyranny. But if we have a vibrant bitcoin economy, meaning it becomes currency, then the etf's and any other traded fund that derives value from holding btc will have a supply to buy with fiat, continually removing btc from the market until none is left.
The second scenario may appear favorable because we can (supposedly) soft fork in more decimal places and then "its going up forever, laura." Or whatever her name was... But that scenario is an argumentative point to prove absurdity, like Schrödinger's cat. BTW, it's insane how many people take that cat as simultaneously alive and dead... The point was to prove absurdity. Its like in most math problems, at least the ones grounded in real world scenarios, you have to discard infinity solutions. So, this isn't that, but I think I'm justified in assuming "infinity" isn't going to happen.
What breaks? Idk, but something... It also reminds me of the credit cycle - you can see the credit cycle has topped by looking for yield inversions, assuming the yields referenced are actually the relevant numbers (might not be anymore, but theory is still good). Once you can say for sure the credit cycle is topped, meaning new businesses are getting negative returns on every dollar borrowed, then a "deflationary event" has to happen. You can't predict where it will happen, that would be another absurdity, but you can be sure it will happen. So bringing it back to bitcoin - what will happen? Something that brings a sensible equilibrium between the infinity the funds hold and the actual value traded outside the funds. It'll crash. Repeatedly. Forever. And boom repeatedly. Forever. As long as fiat exists.
The problem is, I don't see anything actually wrecking fiat. Fiat is designed to wreck. Forever... And it never dies because states exist. Its like the monster Mao, the handsomest man in China (I heard that in China) said : "power grows out of the barrel of a gun." Real power is the market, but violence controls markets. States are violence.
I *really* want bitcoin to be the one global currency. But my reasoning ability hit a wall. I think it can only be savings. That's not good enough for me. And that's all I got, cuz I don't see anything better.
Don't let banks be #bitcoin 's second layer.