I'm even more bullish on nostr:nprofile1qywhwumn8ghj7mn0wd68ytndw46xjmnewaskcmr9wshxxmmd9uqsuamnwvaz7tmwdaejumr0dshsz9mhwden5te0wfjkccte9ehx7um5wghxyctwvshsqgzk56m4xu7g77unc5au46rd3la6h20j5xeczgs9flxm0ualv3dhyu0ueq2l after listening to this.
If you're running a DIY node please consider donating to them.
Matt describing his business model is super dope. Build the community and they will come to support your hardware.
It's revolutionary in, freeing the subjects and offering a path of guidance.
creating little power users out of fang plebs
I hope this problem brings bitcoiners out of the Minecraft server and into real life.
Although it's a rough solution with regulatory uncertainty.
I think maybe we're going to need the ETFs to rug or fork before people find value in fedimints
The ux for fedimints is dope, one click entering/exiting a private bank.
Most people won't bother to secure their own keys anyways.
Not only do you need 100 hours studying it you need like $100 in hardware and seed plates, make that $300+ for a decent lightning node.
Fairytale protocol changes aren't going to appear either so we're stuck with chaumian mints might as well make the most of it.
I was restoring a wallet like 5 years into Bitcoin I found out what a derivation path is and almost shat myself.
Luckily electrum recognized it, but depending on where your wallet seed was generated you might need to know the derivation path to recover it.
So remember to write that down with the seed phrase.
That's awesome and a pretty significant amount!
I always get nauseous trying to explain best security practices in self custody.
How much of your own research was thrown out in the years since covid? How many boosters did you get? Was anyone held responsible, or was everything debased with bail outs?
Farming is going to become a black market if you keep believing what they're selling.
I'm going to make a second comment, this time about the USD. While I may have moral issues with fiat currencies, and with the direction the US is going both militarily and economically and in some way socially too... I try to be dispassionate about assessing the situation. And I'm not so sure the USD is going to collapse at all.
All my life Libertarians have predicted the imminent demise of the US dollar. Every world event makes it seem closer and closer. But Imminent has already meant 50 years and I think it could probably take another 20 years before people will generally agree that it is even starting to collapse.
US government debt carried via treasuries (27 billion) is owned mostly to other US parties, in fact 21% of debt (6.9 trillion) is owned to other agencies of the US government itself! So it is an intra-governmental accounting. 17% (5.5 trillion) is held by the Fed, which could also be considered intra-governmental in a way. After state and local government, next is to Americans: mutual funds, banks, private pension funds, insurers, and private holders (10.6 trillion as a group). As for foreign holders, the largest is Japan at 1.1 trillion, and China is then at 834 billion. That's about 3%. Even if China doesn't buy US treasuries anymore, I don't think it matters much. And if China dumps theirs it makes no difference who holds them from the US point of view... somebody buys them for China to sell them. When the US needs to sell more, they can always sell them to the Fed (sneaky tricksters).
Of course inflation is the result, so expect it.
But how long can that happen? A long long time. As of 2022 Japan was at 260% GDP, Greece was 2nd at 177% GDP, the US is "only" at about 120% of GDP.
https://en.wikipedia.org/wiki/List_of_countries_by_government_debt
So yes, the world will move away from the USD, the USD will lose value over time, but I guess "collapse" isn't the term I would use because relative to a lot of other countries it will probably hold up just fine.
I expect fiat currencies to all fall together, slowly, forever, without any sudden collapses, barring those exceptional events that come from time to time.
Add to that the 10 year trend of USDCNY has been upwards, which doesn't make any sense if the USD is collapsing.
Anyhow I don't really know what I'm talking about, but all the information I've presented leads me to doubt.
But what about the yield on the bonds?
Japan has less than 1% rates while the U.S. has 5%
So the interest on the new and renewing debt is going to be much higher on the U.S. debt.
if inflation stays and rates don't go down (what Jamie Dimon indicated yesterday on Bloomberg) I think the dollars demise will occur much faster inside 5 years for sure.
The interest on the debt is already 1.1 trillion with only collecting 4.5 trillion in tax
After covid I wouldn't trust a government scientist.
Remember when they were claiming covid was jumping to random animals and killed all the minks.
They're starting it up again claiming cows have bird flu, I'm not buying it.
CD134: SELF HOSTING, START9, AND START OS WITH MATT HILL - nostr:npub126ntw5mnermmj0znhjhgdk8lh2af72sm8qfzq48umdlnhaj9kuns3le9ll
https://cdn.satellite.earth/f537cf407fa7ba7c33f59fcb486318cf1c5e3c85d078e85b8f415edcd2c541ad.mp4
huge fan of Matt his software is the cleanest I've ever used on Bitcoin related apps
I noticed this too, I see stuff on primal.net that I don't see on my primal app
I don't think either of you were at odds I learned quite a bit just scrolling through this buzzed up on a weekday
The Truth *is* Out There
His name is Jesus
> Jesus said to him, āI am the way, and the truth, and the life. No one comes to the Father except through me.
[John 14:6](https://www.esv.org/John+14/), ESV
I think we all know what needs to be done to the money changers
š
An hundred pushup a day til oon hundred k
āIf I would have asked people what they wanted, they would have said faster horses.ā Henry Ford
Why does primal need an email to send zaps?
How do I get around this?
Agree, we can learn a lot from what happens with tornado cash and other touchy ideas
