Who’ll be at BTC++ in Austin end of month?

Coors Light & Lonestar > Bud Light (I don’t write the rules)

Oh yes, it’s THE big question we all have on our minds: how the heck do we make this stuff mainstream? All I can think about.

Going back and forth between these two at the moment.

What are you reading? Anything you’d recommend I read next?

quick someone make me a small nostrich icon for #nostr hashtags

This is an important idea from #[0]​ and there’s a lot to unpack here

#[1]

Existing apps/super-apps are run by full stack orgs that have many layers of services bundled together. We often discuss the UI and the database layers, but these orgs have also have policy, customer service, algorithmic discovery, advertising sales and operations, eng infrastructure, accounting/finance, HR teams, etc.

The beauty/magic of nostr is not just that it separates UI from datastore. Those are obviously important. But in separating those the full-stack orgs also get unbundled. The unbundling allows for OSS or layer-specific companies to be built providing solutions which fill consumer/business needs better than any single centralized provider has organizational bandwidth to handle.

Huge net benefit accrues to the consumer who has the freedom to choose which tools serve their needs best!

How #Bitcoin, #Lightning & #Nostr allow for innovation without (institutionalised) credit … :

The fiat-based monetary system has made it increasingly difficult for innovations to emerge from the market without institutional funding.

Monetary inflation has made fiat money a poor store of value, which has made it almost impossible for entrepreneurs to save and self-fund innovation.

The capital requirement can usually only be covered by state-affiliated banks and institutes (these include venture capital firms, almost all of which are motivated to maintain good relations with the state).

This development is problematic because the state and its affiliated banks and institutions are pursuing a political agenda. They support projects that follow this agenda.

Satoshi (2009) broke through government imposed gatekeeping and the control mechanism of fiat and institutionalised credit with open (source), permissionless, sound digital money (#bitcoin), laying the foundation for progress free from the shackles of central banking.

Bitcoin is the hardest money ever created. Due to its fixed supply cap, it allows to save and preserve the value of time and effort - giving market actors the time and capital to focus on problems and find appropriate solutions.

The #Lightning Network (2015) introduced a second layer payment protocol for Bitcoin, enabling fast transactions and micropayments.

With the launch of #Nostr (2020), a decentralised protocol for the uncensorable transfer of information, we have a Bitcoin-based tech stack that serves as a basis for market participants to work, communicate and collaborate successfully outside of government control.

Innovation can now emerge from the free market (bottom-up) and is not suppressed, imposed or manipulated from ‘above’.

#[6]​ #[7]

I’ve just had the worst bbq of life ! This shit is ass

Either way it means that movement is dead. And good riddance, man it held bitcoin back so much.

I propose to call him Mr. Zappy

#[0]

Stolen from Alex Thorne on the bird app. We’ve been here before.