If I had a boat, I would name her “Sonar, so good”

Parmesan olive sourdough from New World Sourdough by Bryan Ford #breadstr

Great post,Trey! Agree with almost all you points. Personally, I don’t think the argument that #Bitcoin separates money from the state is an appealing one for the middle of the bell curve folks. Whenever I bring this up with friends or family, they say that sounds paranoid. I know the Fed is a flawed institution, but no serious person believes that government is actively trying to keep people poor by inflating the currency.

What is more compelling, I think, is that Bitcoin is a far superior way of transferring value between parties than our current system of trusting third-party intermediaries or using paper currency. In other words, just what Satoshi talks about in the white paper. At the end of the day, it is just a protocol for doing exactly that in a way that is irreversible so long as attackers don’t control 51% of the hash rate.

You are 100% correct that we need to educate people more on the fundamentals (I use email and SMTP as an example, and that seems to resonate), and get rid of all this weird lifestyle stuff that fundamentally has nothing to do with what #Bitcoin actually is.

Cheers and thank you!

For some reason my #onlyzaps toggle switches off every time I leave the app and come back later 🤔

#Tulips

Omg i totally didn’t know about this. Is that a client-specific thing that you can log into anyone else’s account in read-only mode?

I think a big reason they don’t like it is because we’ve become habituated to hit “like” for posts that we want to associate ourselves with for whatever reason (in a work setting, I think it’s mostly performative).

And of course, posting a like is the lowest form of commitment in social media, easier than any other form of engagement other than simply viewing. I suspect people still want to fulfill that “habit” but don’t want to put in the extra effort of commenting or zapping.

I believe in time, zaps will replace likes universally. It’s the logical endpoint when you have the ability to send digital value instantaneously. Pushing others towards that endpoint isn’t a bad thing. But it will be uncomfortable for many

Sorry for being the slow kid in class, but how can they log in without your nsec?

Is it #margarita season yet?

#OnlyZaps is an awesome feature. But I do love the Shaka 🤙

Is it just me, or did everybody wake up one day and start using “less” when they should have said “fewer” #badgrammer

All good. I enjoyed reading about the naked turtles again. Leave those turtles alone! 😂

I wonder if a significant contributor to deposit outflows is how easy brokerage accounts make it to move money out of the FDIC cash sweep - which are bank deposits - into higher-yielding money market funds WITHIN the same account 🧐

GM #coffeechain!

This is the way

Wouldn’t it be relay-dependent?

If you think foreign holdings is the only thing sustaining the dollar, you haven’t done the math. The Fed could easily purchase the $1T+ in foreign held USD and take it out of circulation

Of course, a diversification in global reserve assets would be good for #Bitcoin

#Bitcoin fixed this

Ugh gotta hand-deliver a check across town today because of the amount. A check!

I’d say that’s fair. But the government still has a critical role in providing public goods in my view, even on a Bitcoin standard. Otherwise, we’ll all live in little enclaves and charge each other sats to use our private roads. No thank you