People really over-estimate the decline of the dollar in these conversations. While it's true that there's been quite a steep decline in the use of US Treasuries on central bank balance sheets, and that makes for exciting charts about the impending collapse of the USD, there's a problem: it's only part of the story.

If you look at reserves that are dollar-denominated. Including cash, t-bills, etc. you actually find that the decline of dollar *usage* has been far less pronounced. In fact, by this measure, dollar dominance has been *increasing* for the past two years.

While it goes without saying that much of the world would like to get off the dollar, and I actually think that would be *good* for America by making US exports more competitive, and allowing the US to re-enter the game of mass manufacturing, I think rapid dedollarization is not in the cards in the short-to-medium term.

What a #Bitcoin-🐻

…. 😁

From a person pursuing the bounty perspective, there are some unknowns like - who else is working on this thing? Am I wasting my time? What if they “beat me to it”?

I’ve had a few people talk it up with me only to not really take it anywhere because they thought the bounty would have been completed by someone else, except it wasn’t.

Then some people saw some other marketplace-ish ideas, and thought it was done too - but none of those things met the requirements (not even close).

Besides this, I am not sure if bounties can inspire the right level of commitment needed to complete them. Maybe small bounties, sure, but larger projects tend to need more organization and cooperation vs competition. You need a team of people to tackle them, but that means they also have to be worth it (larger than what they typically tend to be in payout). It ends up being too much work for 1 person and not worth it for teams of 2+

At least that is my assessment.

Its a free world, you can be a scammer if you want to. Just remember, losing trust of a pleb is very easy. Winning it again, its a mountain to climb.

HFSP shitcoiners.

Canceling my bounty for a marketplace. I should have had an expiration date. 🤦‍♂️

Nobody has delivered on the vision / requirements but I’m happy to see some progress in other areas.

I don’t think the bounty system is all that great 😔

Sats will be directed towards other nostr projects or zapped to people contributing to current projects (to be determined).

Does anyone here do intermittent fasting? Any advice?

If this is successful and with enough users, this may be able cover damus dev and relay costs, supporting infrastructure, as well as prove a lightning+bitcoin-only business model that eschews the fiat system entirely. Should be interesting if it works. nostr:note1v4gyqs3czkfe4z52z006a0wzpca865ue9gt9jzkzqxt5wld7npgqh76np4

Amethyst push server now connects with 167 relays for 1690 keys that activated notifications.

Relay operators, if you see our filter, say hello.

I can't believe this is working.

The elite knows they can’t stop #bitcoin so this is their plan:

1. Suppress the price with whale manipulation, FUD and Futures ETFs

2. Stack in silence at low prices

3. When done stacking make BTC Legal Tender

4. Price of 1 BTC goes to $10M