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Separating money and state.

Whoa... Can we take a moment to appreciate this UI/UX from Peach?

This is beautiful.

#[0] recommend

Replying to Avatar Lyn Alden

Too many people have given Elon a pass. Don't give him a pass.

He's a marketer, not a founder or an engineer. He didn't found PayPal or Tesla; he bought into them early. He's good at selling narratives and equity valuation for perpetually unprofitable companies.

Everything for him is a narrative. His green revolution was a narrative to sell more cars and get more subsidies. His bitcoin purchase was to gain appeal among bitcoin/crypto people in a bull market. And he shilled doge like a dumbass. His SpaceX narrative is to get money from the government.

His rooftop solar thing was an outright scam; the technology isn't ready and went nowhere because of that. His full-self-driving-in-an-intermediate-term timeline was a scam, and is going nowhere because of that. He makes scams to draw people and capital in, because for him it's all about narratives and equity valuation.

And then he dug unproductive holes, suggested unproductive hyper-tubes, built meme flamethrowers, for what? It's a narrative, not a business. None of this is real productive shit to make peoples' lives better.

His latest "we need free speech" narrative was a scam too. He tapped into something real, which is what marketers do and why it kind of worked. Yes, we need free speech. Yes, Twitter had censorship issues. He saw that and jumped on it maliciously rather than productively.

But what did he replace it with? He replaced it with arbitrary journalist censorship about his private jet, arbitrary censorship of Substack, selective Twitter Files release, won't talk seriously about any of his China connections because Xi Jinping fucking owns him economically there like Jack Ma, has his balls firmly in his grasp, etc.

Elon's playing the narrative, the anti-woke meme of the day. He's a master meme-momentum-player. Don't fall for it.

I'm afraid I've becoming a zapping addict

The Alby / Amethyst integration is absolute magic. So much easier to zap without ping-ponging between various apps.

Amazing stuff #[0] and #[1].

Jerome Powell, with regard to regional banks, after hiking another quarter point:

Fun fact:

The planned Ethereum Shanghai release will create -exactly- the same duration risk that is causing contagion bank crisis in banks today.

Why?

The "queueing / throttling" mechanism that is built into the un-staking of Eth will make it such that people can't get to their Eth when they need it most.

Defi contracts that are exited in times of crisis will be forced to watch the value of their Eth melt in front of their eyes as they won't be able to unlock their Eth until it's their turn to do so.

This is why we bitcoin.

Hope this developing USDC meltdown is a lesson to anyone who thinks we should be striving for fiat based "stables".

Bitcoin fixes this.

Sigh...

And yet lighting support is πŸ¦—πŸ¦—πŸ¦—

Is there a good Midjourney/DALLE nostr bot out there yet? (Pay sats, it runs image on your behalf)

I feel like I saw one once but haven't been able to find it again.

Welcome to Nostr #[0] 😊

Clearing the cache seems to help. Looked like it was holding 1gb there.

Welcome to Nostr #[0] !

Tbh this isn't too surprising... Mempool was basically completely empty over that period and the cost of a $50 Bitcoin transaction was trivial to be done on chain.

At that price point, not tons of incentive to use lighting.

I would guess the proportion starts shifting toward lightning if inscriptions put pressure on fee rates.

The coolest part about #[0] 's npub megathread on Twitter?

The staggering amount of Blue Checks that are openly jumping ship after discovering Nostr.

The writing is on the wall, Elon.

Yeah, if there was an optional toggle to zap anonymously, I think that'd be ideal.

Feels like big tippers are going to have targets on their backs if they are required to dox themselves for any zap they make.