I want to start a competition on nostr. Whoever gives me the most money wins. The reward is the satisfaction of knowing that you have given your money to me. Game starts now

Ok closing up shop on the million sat ping pong game.

First social trust experiment on nostr.

21 zaps for a million sats.

21 returned zaps.

I actually ended the day with more sats than I started because people were sending additional zaps in support of the experiment.

Takeaway: nostr bitcoiners prize their reputations and social capital and aren’t willing to compromise that for a couple hundred bucks.

In the long term webs of trust may come to define nostr.

There's no such thing as a utopia... Just the freedom to do better & improve anything that currently sucks. If people are free to find economically sustainable ways to improve what annoys them, then there are always jobs & everything generally gets better. This has been the case in every mostly free society we know of.

If no one is free to do anything without buying permission from incompetent control freaks then everything goes to shit. This has been the case in every authoritarian society we know of.

If some people can print money at the expense of everyone else, they are by definition parasites, & will inevitably become detached control freaks.

No forced funding means no rules can be sustained that people won't voluntarily pay to protect. Sound money means there are no impossible to defeat structural parasites. Those things form the sort of foundation where people are more likely to be rewarded for merit & fiscal responsibility.

Right now you can go to the store & buy what you want or not buy anything at all. Is Walmart going to be more responsive to people's needs if they get $1000 a month from everyone no matter what & then have people vote on what sort of items should be in a standard food basket that has to satisfy everyone?

What my neighbor buys today doesn't concern me, but if I have to eat out of a basket of goods they vote on I'm suddenly going to have reasons to hate all of my neighbors. Should I just wait 4 years & vote for a new Walmart CEO who might give me a better basket (and let my neighbors hate me for the change), or should I move to some other political region... maybe one dominated by Harris Teeter instead of Walmart where I'll get a slightly higher quality basket of goods that I'm still going to mostly be unhappy with.

None of that is freedom, it's insane to have other people managing our lives at all, much less so many aspects at once. It creates division & hatred & poverty & crippling inefficiencies.

Democracy *at best* is lowest common denominator mob rule, and it's usually even worse than that.

The sub prime mortgage crisis was completely created by govt policy. I recommend The Housing Boom & Bust by Sowell followed by (the more important book) Meltdown by Woods.

FTX was literally funded & supported by dems & govt parasites funneling tax money through Ukraine.

Even still, corrupt things that fail are demonstrations of the market working as it should. It's govt bailouts to keep corrupt orgs alive that are the real problem. The market was trying to kill the corrupt banks in the 08 crisis, the govt kept them alive at everyone's expense.

It sounds very much like you don't have a strong grasp on the economic reasons behind the creation of Bitcoin & the dire need for sound money. We are a trading species. Societies rise & fall based on the money they use.

There are a lot of Bitcoin Audible episodes that do a very good job covering the basics of money. Worth doing some digging there.

Right now you can go to the store & buy what you want or not buy anything at all. Is Walmart going to be more responsive to people's needs if they get $1000 a month from everyone no matter what & then have people vote on what sort of items should be in a standard food basket that has to satisfy everyone?

What my neighbor buys today doesn't concern me, but if I have to eat out of a basket of goods they vote on I'm suddenly going to have reasons to hate all of my neighbors. Should I just wait 4 years & vote for a new Walmart CEO who might give me a better basket (and let my neighbors hate me for the change), or should I move to some other political region... maybe one dominated by Harris Teeter instead of Walmart where I'll get a slightly higher quality basket of goods that I'm still going to mostly be unhappy with.

None of that is freedom, it's insane to have other people managing our lives at all, much less so many aspects at once. It creates division & hatred & poverty & crippling inefficiencies.

Democracy *at best* is lowest common denominator mob rule, and it's usually even worse than that.

I know what the definition is. I'm telling you that there is no market failure (you don't seem to even be able to identify any as a problem) that can be corrected by granting monopoly powers to a small group & telling them to regulate themselves & these other people too.

The primary check on the power of any organization is your ability to withdraw financial support. If you cannot refuse to pay then they don't care what you want & their own interests will dominate. The govt ability to tax is basically a guarantee that govt, as an organization, will be completely unregulated.

Feel free to point out any failure you'd like. I suspect I can explain how the govt was actually the cause or made whatever it was worse.

All govt can do is steal resources from people & prevent problems from being addressed.

If govt employees actually wanted to see things improve, & it wasn't just a cult run by power hungry authoritarians, then they'd be happy to leave people free to do better & solve problems in their own way. But any time someone does something better the first thing govt tyrants try to do is destroy whatever new thing is created.

Feel free to point out any failure you'd like. I suspect I can explain how the govt was actually the cause or made whatever it was worse.

All govt can do is steal resources from people & prevent problems from being addressed.

If govt employees actually wanted to see things improve, & it wasn't just a cult run by power hungry authoritarians, then they'd be happy to leave people free to do better & solve problems in their own way. But any time someone does something better the first thing govt tyrants try to do is destroy whatever new thing is created.

According to any sort of rational morality you cannot steal from your neighbor or threaten & force them to pay for some cause you care about.

If you cannot force costs on your neighbor, then you cannot delegate to some politician the power to force costs on your neighbor. Even using their own rhetoric it's fairly easy to show that govt is a criminal organization & a scam.

It's true -- I left twitter for the zaps!

Leave a like or a comment and I'll be sure to zap each one!

I think the LinkedIn algorithm optimizes for maximium cringe.

Tbh I'll zap you if you're cute

PV nostr #plebs 🤙🧡

If you are new to nostr! ✅ Your first 100 sats invoice will be paid by sats philanthropy wallet🤙

⚡️Drop Your 100 sats invoice if you haven’t created yet ⚡️💯

How to create invoice?👀

⬇️ Download #[1] ( custodial solution) or any other bitcoin lighting wallet.

🍊Tap on receive and set amount 100 sats on invoice.

☀️Copy invoice LN URL and paste it on nostr notes here 🫡

Wait for magic to happen 🪄🤫

#100SatsTheStandard #bitcoin #introductions #babechain