Nostr Web Client

GM!!

Replying to

Nahtanoj

Nothing of concern to the greater money system happens. All you've done is transferred value for value. You've exchanged Fiat for crypto and another person has exchanged crypto for Fiat. The exchange platform that you're doing this on may make it seem like your Fiat doesn't exist any more, but in fact while you are stacking SATs the recipient of your Fiat is stacking dollars.

oh yea sure 'someone' has my fiat that's right - ok follow up question bitcoin is harder money, it isn't going it's value isn't going to be inflated away . what i don't get is, isn't he price of bitcoin being inflated, when money printing happens, it moves into buying bitcoin inflating it, it's all quite confusing

What happens 'in the background' to the fiat system, when you buy Bitcoin with your fiat? Previously, there was fiat in a bank account, now there's not, so what's happened? You're draining fiat from who, or what? what effects does it have across the board? etc. (totally green to all this)

#asknostr

Replying to

Gigi

GM

GM!

nostr:nevent1qvzqqqqqqypzpkf4hezeqd5lzmw0pplmlc8w049m4ysczuy88gtdu4zr489uzw67qy88wumn8ghj7mn0wvhxcmmv9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcqypn6da368utg7j440xazxd7c8593p6sux5m84aygs8s30qe2dae57zhjgee

Helllooo!

I saw a UFO, the only caveat is that I had just come down from a very mild trip on liberty caps. I’ve not doubt it was UFO. What’s up with reality, who knows?

Replying to

Gigi

GM

https://matrix.org/_matrix/media/v3/download/livingutopia.org

GM!

Replying to

jb55

people spamming cp into people's first #introductions post is a huge problem. looks like we may need to start adding blocklists on media from certain domains.

looks like the ai-cp spammers are using this domain:

libfans.com

just saw apparently real cp on this domain:

I also contacted abuse at matrix.org for the latter since it looks like non-ai. we need better reporting protocols than email.

ah wtf I just mentione nostr to my work people . im 100% not metioning nostr to people if that can happen that easily ,very unnerving that im a click away from that so yea it's not huge problem its THE problem rn

testa

bleepbleep

Replying to

BoomTown

I think you’ve missed my point. I explicitly state NGU is measured as time stored per bitcoin. That metric is purchasing power and has nothing to do with dollars or any other fiat measure. It has to do with how much productivity is stored per bitcoin. That has to go up, forever AND - at this stage - it has to go up quite a lot to compensate for the risks taken.

Any tips on how to measure the world in bitcoin vs NGU dollar metric? How can I for example look at a carton of milk and say that’s 100 sats, when the only way (currently) is to find the price of the milk in dollars and do the conversion?

People give the example of a house getting cheaper in sats, but they’re only figuring that out by looking at the house’s current dollar value and then at bitcoins’ and saying that’s x sats now.

Seems like the only way to “see” any of this is by doing the conversion of dollars (or euros) etc.

Replying to

Jeff Booth

If prices fall to the marginal cost of production in a free market, then

1) the most advanced AI becomes free and serves you

or

2) you don’t live in a free market and that same AI will be used to control you.

If you’re measuring from Fiat (or Bitcoin priced in fiat) you’re contributing to the 2nd statement.

And from #bitcoin - the first