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Matt
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I’m so bullish on ecash

Replying to Avatar Edward Snowden

People really don't realize how utterly dependent modern surveillance is on the idea that everybody is carrying a phone — which is always tracked. Their car has a cellular modem in it — which is always tracked. 99% of investigation is one guy and a search box. If you're not low-hanging fruit, you aren't gonna merit the Eye of Sauron of manual, well-resourced, focused team attention—and if you did, you probably planned ahead for it, right? Because it's not a mystery what would get you on Santa's Naughty List.

Anyway, the point is that even in a big city, the phoneless guy in a "covid" mask is going to be invisible to anything less than that exhaustive manual investigation — at least for a few more years. That may go away once they start networking all the cameras and having AI start trying to match up clothing sets moving from camera to camera, butthat capability is hard to hide, so it'll be in the news. And it won't work that well in places with less camera density and, perhaps, for people who wear the most-common outfits (the visual equivalent of a "shared fingerprint").

Remember: Phones are useful, but dangerous. And the people who will still wear covid masks to the beach are helping to normalize facial obscurity—regardless of their intention. Don't be mean to them. Encourage them to wear them everywhere. For passport photos. In police booking photos. At the customs desk. Family portraits! The sky is the limit—let them push the boundaries so that you don't have to.

nostr:note1dufu3sutqcu4er2pj9k7zmxdf7k23qxn3eskwdr8tp3ffvg7g9qqsv4lrc

Welcome back sir, good point on masks. Thoughts on grapheneOS?

The Naira is now worth less than 1 sat

Yessir 🫡

What makes bitcoin not a shitcoin?

Replying to Avatar MAHDOOD

I’ve heard the argument that we need the institutional investors to come in to pump the price. Idk if that’s true but seems to be the common belief. My concern is that these people want bitcoin to be exactly the way saylor describes it: a store of value, digital property, investment, etc.

We want it to be money so we can move on from fiat. But people like Saylor benefit more from Bitcoin when it ISN’T money. What Saylor can do, plebs like us cannot. We can’t get loans at the interest rates that he can: less than 1%. So whenever he takes out a loan and buys Bitcoin, he’s practically guaranteed to win. It’s basically free money. Look at the interest rates we deal with when buying a home or a car. A pleb trying to play the fiat game has to pay 15% or more to take out a loan against his Bitcoin. Remember that they don’t pay taxes on debt. Clearly the system favors people like Saylor so why would the suits give that up? It’s against their own interests. That’s why I think he is against Bitcoin development. He runs a software company, he is well aware of the amount of work it takes to maintain code and fix bugs. That is mostly what Bitcoin core does. I think the problem for Saylor is that Open Sats funds projects like btc pay server, ecash, and Zeus. These are projects that literally undermine the current fiat system. Under a bitcoin standard, Saylor would have to work and/or take on risk to earn more bitcoin. But the current system allows him to just borrow money and let NGU make him richer. And the way the macro environment looks right now, people may look for alternatives in the upcoming years. If Bitcoin is too expensive on the base chain and the second layer solutions are not ready, they will stick with Bitcoin IOUs and keep the fiat system going.

Solid note sir