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Ofer Elrom
882cb764d4a23c3ca977f8556fe277d9c643e919315ffd4bce3ec545dc1e2383
Entrepreneurial developer. Trying to picture the world through the Bitcoin lens and act by it.

Started nose breathing and taping my mouse at night to force it.

This stopped my sleep apnea overnight. Stopped my nightmares and nightly tooth grinding

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Cold plunges 3 to 6 Celsius degrees twice to three times a week.

It seems to be responsible for taking down my blood pressure back to healthy levels.

Replying to Avatar Lyn Alden

Although it was predictable ahead of time that so many Palestinian civilians including children would die as a result of Israel’s response to the attack on Israel by Hamas, as the numbers continue to add up it is increasingly hard to watch.

Half of Gaza’s population is under the age of 18. There is not much more sad in this world than children, cut off from electricity and communication, violently dying from air strikes in darkness.

And sadly this happens in other places of the world too.

For much of human history, people were only aware of their own local area. Now we have awareness of large swaths of the world, and so we can keep track of tragedies in real time. We then desensitize ourselves out of necessity. Like, the sheer amount of negative information and unsolvable problems hit us through media, and in order to productively do something to add value to someone else, there is little choice other than compartmentalization it. An electrician can’t be caught up in the troubles of the world as he goes out each day and fixes things and building things, for example. In order to add order to his small part of the world, he can’t be fully caught up with its global chaos.

And then, I see these crazy protestors tearing down flyers about kidnapped Israelis, as though that activity could possibly be the best use of their time. People have a strong tendency to want to be part of something bigger and longer lasting than themselves, whether it is their religion, their community, their ideology, or their work. But some people chose such fruitless ways of doing it. Yes, you can and should advocate for not bombing children. No, you shouldn’t try to erase what happened to murdered or captured Israelis either. It is not rocket science.

The world is an increasingly polarized place, and my biggest concern is for those polarizations to be used to take rights away in a more broader context, or to wage war between larger opponents. Politicians will propagandize any small share of “crypto funding” to bad groups to justify more restrictions on those technologies and privacy in general. As countries go through sovereign debt crises, having some sort of enemy to point to helps their narrative for capital controls and keeping their citizens in currency and bonds as they are inflated away. I’ve studied the 1940s financial environment too much to be unaware of this.

Always look through to the bigger story, and ideally with a perspective of empathy toward many sides of any complex issue. Strive to be able to articulate your opponent’s view as well as they can, so that your counter argument can be most effective and surgical in its nature. And then, when there is nothing you can do about something globally, try instead to bring order and reason and improvement and kindness to whatever small portion of the world that you can.

Fighting bad is sometimes a must and usually serves immediate impulses.

We must beware of drowning in fighting bad and we must remember to find and do good.

Replying to Avatar Lyn Alden

As developed nations continue to enter sovereign debt crises akin to the 1940s, there are a few main outcomes.

Option 1) In a world without bitcoin, or if bitcoin fails, central banks and their governments recapitalize themselves with gold, devalue the people, and do another cycle of this inflationary policy for the next few generations. The Treasury/Fed handbook literally has a written option for this, although it is stated more opaquely. It can be done in the US (and probably many other countries) based on current laws if shit hits the fan. Denmark's central bank and China's economic ministers have also written similar things regarding extreme outcomes. It's pretty straightforward based on the past.

Option 2) We go into a centralized technocratic future. Centralized AI and CBDCs win. People have cuck money that the AI+government control. It's like Brave New World, 1984, take your pick. Hard to say, but not free.

Option 3) Open source money wins. Bitcoin and its ecosystem win. Governments get defunded from their fiat printers, and have to be more honest with their ledgers or default and get reconstructed since they can't print what their people hold as savings, or in the hegemon's case, can't print what the world holds. Probably a world of chaos for a time during the transition, but also an opportunity for peace and building the next era. Keeping track of the nukes would probably be a big deal, like when the Soviet Union fell. It's actually kind of remarkable that they collapsed economically and politically but in an orderly enough way to keep track of and secure most of the nukes.

I don't know which one will win, but I consider Option 3 to be the honorable method; the path of transparency. That's the one I am rooting for and building for.

If I fail, I would like it written that it's the method I tried for, but realistically the AI+government will probably delete most of the records of all of the failures anyway, since that is how history works, without any sort of objective truth keeper. Our best hope is to hide records in a distributed way and hope they can remain undisturbed for a while. At least bitcoiners have a tendency to write stuff in steel and make low time preference things. Some psychopath will hopefully carve a life work in steel in a cave or something, but who knows, lol.

And ironically, if Option 3 wins, any of the losing factions could still insert their ideas and paths into the Bitcoin blockchain, now or in the future. It's the most immutable database that we know how to build, and would preserve their ideas as it does our ideas. Like, you know what? I *want* the Communist Manifesto to be in the immutable Bitcoin blockchain, because I want people in the future to know how *bad* it is. It might already be in there; I don't know. I wouldn't want people centuries from now to think about those ideas and believe they came up with something new; I want to preserve my enemies' texts because I believe I can win through markets, force, virtue, and truth.

I think that's almost always what determines the winning side. Losers want to burn their enemies' texts to ensure that their good ideas don't spread too much. Winners want to preserve their enemies' texts to ensure that their bad ideas are never repeated.

I think 3 is best for us humans in the long run, but I root for it with a trembling heart.

We are experiencing the chaos that comes with it in Israel and it is far harder to whish for a chaotic change when you get a taste of the chaos to go through.

We all need to realize and be prepared for the pain that may be involved in this transition.

Missing real use cases that serve needs strong enough for people to pay sats.

Replying to Avatar Lyn Alden

Avoiding posting on Twitter at the moment. I’m just watching there. There’s enough overnight-expert Middle East hot takes and emotions are running high. The violence and scenes are terrible, and my heart goes out to all victims involved and those who will be caught up in it going forward.

I’ll instead post a few things in my lane here as it relates to global finance and todays actions relating to things I’ve already been covering but that now obviously have updates. Helps me get my thoughts together for what will eventually be my next client report.

-Actions like this show the difficulty of multinational currency agreements. Saudi Arabia and Iran have been having more peaceful relations lately as China brought them together (“enemy of my enemy is my pragmatic financial friend”, and so forth). They are both set to join BRICS+ in January 2024.

-But, Saudi Arabia has also been working with the US and Israel on normalizing relations with Israel, in exchange for US arms deals and such. Saudi Arabia was also making promises to raise oil output to alleviate oil prices if they grow too quickly, which the US wants.

-So this attack (w/ Iranian involvement and public support) puts Saudi Arabia in a weird place. Lots of division and competing goals within BRICS+. Has all sorts of implications for Saudi/Israeli relations, Saudi/US relations, and what happens in the coming weeks will affect how those go.

-Egypt and Ethiopia are also joining BRICS+ in January 2024 and they have had a multi year ongoing feud regarding the Grand Renaissance dam on the Nile.

-China and India are well known as not being on good terms. Border disputes and all that.

-Building trade and currency and military agreements between so many different cultures is a bigger challenge than doing so between US and West Europe.

I think (as many said) we are in a power shift from a single centralized force running the world to multiple centralized forces running it.

And this translates into a fight over hegemony where previously there was no question about who is the hegemony and hence less need to fight.

The new fight percolates through our world.

Perhaps if somehow the power shift was from centralized power ruling into decentralized power world control structure, things could truly be different.

My hope and deep reason for bitcoin is that it can bring such a change in the world control structure. A distributed control structure that naturally gravitates toward benefitting all the "simple" people without the need to rely on centralized powers to protect us by fighting a never ending zero some game that brings waves of cruelty and misery.

I truly whish, hope and pray we can get there. The alternative is unbearable.

Sometimes things are just terrible. This wheel just keeps on turning with no end in sight.

We have so many dreams theories on how the world can be better and then reality hits.

Replying to Avatar Lyn Alden

Boom. My new book, Broken Money, is now available on Amazon:

https://www.amazon.com/dp/B0CG83QBJ6

I will formally announce it later today, so I guess this is the initial Nostr exclusive. It’s not even searchable on Amazon yet since it is still being incorporated into their wider database. But if you have that link, it is ready for purchase.

The ebook, audiobook, and other print distribution partners will be rolled out over time.

Thank you everyone for your support! This has been a wonderful project to work on, and it will hopefully educate more people about the current problems in the global monetary system and the solutions that Bitcoin has to offer people around the world.

Boom. I bought it.

I have been waiting for this for so long...

Will it be on kindle too?

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

I keep thinking on how Nostr can be leveraged to create value for value interaction around podcasts.

I think a good solution for that could also connect with how someone like you can add value and adoption to Nostr.

I think many people feel like there are too many podcast they want to consume and not enough time.

A solution for that can be a platform that supplies podcasts summaries plus the ability to add insights from podcasters or listeners and discuss them. Nostr Zaps and the integration of lightning can allow rewards and revenue sharing mechanism around the summaries and the insights.

This can push toward more engagement of content producers and consumer while optimizing quality and rewarding in a way that can "only be done" (not exactly, but close to it) on Nostr.

Any thoughts?

Do you mean an easy to setup online shop that allows customers to pay with bitcoin and allows shop owners to get the payment in bitcoin or USD as they desire?

Thank you for this. Maya.

I do not understand what you mean by "Maybe shops." Is this referring to shops that may need wallets of the type you described?

If so, do you know such shop owners I can talk to?

Wow!

The one thing I find reassuring is that this bullet can only be shot once, leading to a new system that is, by definition, less sensitive to this attack vector.

So I hope they only plan to use it as a threat.

The idea behind Replit looks excellent, and so does the implementation.

Regarding the purchase, it may be more an indication of how much google is to the wall regarding AI than of how much Replit is a valid savior.

Very effective demonstration.

I hope we are ready because the tide is shifting.

What you did in 15 minutes, an almost AGI that can use tools, can do in microseconds.

Add to it that it can profile each person, and you can get that message personally adjusted to every human on the planet at the speed of light, given enough computation.

The thing is, who will be sending what message and to achieve which end?

How can we decentralize this power to ensure it is used for the best of our collective interest?

A heart and mind-felt podcast.

Thank you, #[0] , for exemplifying how immense it is to operate from love and humility.

https://www.youtube.com/watch?v=PiSsxVM0B-U

The above NIP relies on POS service suppliers and defines three new events that compose Trade support.

## Building blocks

The following 4 building blocks enable trading products over Nostr.

### POS Service Supplier

A web service that allows setting up a single product sell page. Preferably with lightning, as it integrates well with Nostr.

A POS supplier url can be part of a Product event allowing redirecting users to a buy page of the product supplied by the POS service.

### Product Event

A new special event of kind xx that describes a purchasable product.

### Product Purchase Event

A new special event of kind xx+1 describes how to purchase a product. This event links a POS service supplier to the product.

Keeping the method of purchasing separated from the product allows changing POS suppliers with no effect on product data, rating, and reputation.

### Rating Event

A new special event of kind xx+2 that describes ratings assigned by a Nostr user to a product.

Open Protocol level support in Trade that is resistant to centralization and lockin leads to service suppliers competing over supplying the best value to sellers and buyers instead of figuring out the best way to trap them.

I created this NIP draft for such Protocol level support. I would be happy for you to read and remark.

https://github.com/ofer-elrom/nips/blob/master/66.md

As technology progresses the cost of production and transporting goes down. In the long run, it seems recipes will (information on how to create) would matter more than the cost of creation or transferring.

I think in these cases, time becomes the scarce commodity that is being traded.

Meaning the market is based on trading the earliest access to the most relevant data.

Thank you #[2] . An excellent podcast that sparked this thought for me:

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Nostr allows for distributed entrepreneurship.

Big tech companies have no incentive to invest in locking a user base in a distributed value-sharing protocol since the users can seamlessly migrate with their data to the next value supplier.

This allows many micro-entrepreneurs to cater to the audience previously crowded out by said big tech. The network rapidly judges these many small products by their value to and interconnection with the entire network of users and other products. This distributed entrepreneurship process increases value for all at an ever-increasing rate.