The map isn't the territory. The incentives keep the thing working regardless of the words you or anyone chooses to use to describe the thing.
Mempool.space
Agreed! Didn't realize "bullshit" means "awesome" sometimes ๐
Ah sorry! I see you intended to say "Stacking" or "Saving" !
Staking is a terrible practice where you give up control of your Bitcoin to potentially earn interest (but more likely be stolen from).
Just trying to protect the plebs! ๐
Don't 'stake' your Bitcoin, this is a terrible idea.
Stay humble.
Don't give up your keys.
Don't become the yield.
Trae tus arandelas de metal ๐ค๐ป y estampa tu mismo tu frase semilla de #Bitcoin en nuestra oficina acรก en nostr:npub14f26g7dddy6dpltc70da3pg4e5w2p4apzzqjuugnsr2ema6e3y6s2xv7lu
Bring your own metal ๐ค๐ป washers to our office and stamp yourself your #Bitcoin seed words โ๏ธ here at nostr:npub14f26g7dddy6dpltc70da3pg4e5w2p4apzzqjuugnsr2ema6e3y6s2xv7lu
LFG โก
#selfcustody #hispano
(pd: I'm sure you can stamp them better than me lol ๐)
Maybe don't do that.
Stamp your shit at home.
If you have enough bitcoin to be considering cold storage, you have enough bitcoin to keep that information private and not take your seed words out in public.
#asknostr #foodstr
Where do yโall shop for your cast iron cookwear?
Looking for a deep dish 12x20โ
Garage sales in small towns.
What metric are you evaluating it on?
Talked to a CPA yesterday who thinks banks use deposits to write loans against ๐ญ
Your NOSTR npub and your lightning wallet are not bound together. But yes, you can migrate your NOSTR experience client to client, that's part of the point.
This is what I was trying to articulate.
A mint can print more tokens into existence expanding the total amount of ecash that's supposed to be pegged to sats. Its only detectable if there's a deep enough bank run.
I think if you read what I wrote again, we're saying nearly the exact same thing. Ecash mint printing more tokens to lend out deposits is exactly the fractional reserve possibility we're both describing. Sounds like you got triggered by my first sentence and stopped reading, because I totally agree with everything you wrote ๐
Talked to a local baker yesterday.
They said regulations, and taxes are what's keeping them from expanding their business beyond direct sales that they say are already hardly profitable after taxes.
Sad to see.
Imo you shouldn't need a commercial kitchen to sell cookies to a local coffee shop for resale, but what do I know.
Synching is great for a single user moving between computers, but not collaborative editing in real time.
Fractional reserve on it's face isn't terrible when you know the bank you're using is doing it and accept the terms and risk. The issue is when the money itself is completely debt.
With free banking, you can choose your own level of risk. With Bitcoin as the underlying and proof of reserves being possible, you can better assess the risk of any given bitcoin banks ecash. Lightning itself is full reserve by design. Ecash requires trust, but the nature of there being multiple interoperable mints provides some level of check.