Nostr Web Client

Love your work but can we celebrate the next % a bit more than the standard graph? 21% deserves a special chart 😅

Replying to

They often don’t see users or use-cases that connect with them from their bubble

True, word of mouth is important. I also have the feeling that the left was typically anti government or at least sceptical of it and this has shifted to trusting that govs have good intentions and intervention is the way to go (just ball park guess development in the last 20y or so).

From my perspective, as a rather lefty, anybody with power should be viewed with scepticism and doesnt matter if its left or right.

Replying to

It’s absolutely insane how many people are missing out on bitcoin and all the things you can build and do with it

Just because they think it doesn’t politically align with them, or because rich people have some

🤦🏼‍♂️

https://file.nostrmedia.com/p/e8d66519e43b1214ac68f9f2bdbc4386d41ac66b20c5a260b9b04102784074e9/1e0854d995bef5ddf73317aff732132716ba5ee012a1158a2a00903d07425ccc.mp4

I have noticed that especially people that are politically “left” find it hard to grasp bitcoin.

I see it as one of the most bottom up, empowering, resistance type of technology ever invented that should tick all the “left” boxes.

For some reason it doesnt.

Replying to

Nostr News Network

🚨BUKELE: TAXES CREATE THE ILLUSION YOU ARE FUNDING THE GOVERNMENT

“The real problem is not the high taxes themselves, but the fact they are not even really funding the government.

The government is financed by Treasury bonds - and who buys the treasury bonds, mostly the Fed - and how does the Fed buy them, by printing money.

So basically, you finance the government by printing money out of thin air.

If the government can print the limited amounts of money, why would they need taxes?

You pay high taxes only to uphold the illusion that you are funding the government, which you are not.”

Source: @nayibbukele, @BitcoinNewsCom

Bit too easy. It depends on the country how much taxes are used for actual gov spending. Some have quite a high ratio.

Remember that time when bitcoin was the financial middle finger? The fuck you money towards the big institutes.

Replying to

ODELL

TRUMP, VANCE, AND ELON HAVE EVOLVED HOW GOVERNMENT INTERACTS WITH THE PEOPLE.

MOVING FAST. BROADCASTING DIRECTLY USING X AND TRUTH SOCIAL.

TRADITIONAL MEDIA CANNOT KEEP UP. THEY RECAP X POSTS TO BOOMERS EVERY NIGHT. IRRELEVANT.

IMPRESSIVE HONESTLY. FEELS LIKE A NEW ERA.

LOOKS MORE LIKE A DICTATORSHIP & OLIGARCHY TO ME. NOTHING TO APPLAUD.

Replying to

Alex Gleason

Meanwhile on "Evil Twitter":

Wow, great quality content on twitter 🤩 🤣

Replying to

Marty Bent

The gold market has been suppressed by paper markets for decades. Gold bugs have been screaming this from the rooftops just as long.

As geopolitical and financial uncertainty rises institutions and individuals alike are calling their gold in kind. It’s being made clear that the vaults don’t have all of the gold. Many people are about to find out the gold they thought they “owned” never existed in the first place.

This is going to cause gold to skyrocket.

Everyone sitting there with paper claims and no actual gold is going to be absolutely pissed. What do you think people are going to do once they realize the world got conned by the gold vaults?

They’re going to flood into bitcoin and, hopefully, take advantage of self custody. Get ready for a bull run like we’ve never seen. The confluence of sovereign debt issues, paper gold and the unveiling of mass theft by governments is going to force people to pile into the most incorruptible neutral reserve asset man has ever come into contact with; bitcoin.

Gold is a shiny shitcoin in comparison to bitcoin.

Replying to

I wish it worked that way, but it does not.

You're not getting 100k sats for $100 back because the net growth of BTC against the dollar is greater. Hence, you spend the shit coin on the present value items and save in bitcoin because it preserves wealth.

Why do you think cash notes were created in the first place? Sending gold as payment is silly AF because of value attribution over time.

I don't think you understand this because you're saying the same things again, but it makes no economic sense.

I don't think you actually try to understand what I am saying 😅 . I completely understand what you are saying, because sats increase in Fiat-value over time, thats why it's better to save in sats. However, if you spend sats and immediately replace the fiat you kept (by not spending it) back into sats, you have the same amount of sats, but helped the network. The exchange rate vs USD fluctuates, sure, but it's not that much on a minute to minute-basis.

If you don't get it, fine. Everyone is on their own btc-journey.

Replying to

ya because the value of bitcoin has gone up - what don't you guys seem to understand?

you're getting less sats for your fiat because the price per sat has gone up. Therefore, it is economically more sound to hold satoshis rather than spending them.

More and more I come across accounts that don't know whether they should spend sats or stack sats. Mixed messaging etc.

So which is it, spend sats or stack sats?

Let me simplify the point with an example:

Imagine you have $100 in fiat and 100,000 sats (both worth $100 at the moment).

- Scenario 1: You spend $100 fiat on groceries.

Result: You still have 100,000 sats, but you've lost the opportunity to buy more sats with that $100.

- Scenario 2: You spend 100,000 sats on groceries.

Result: You still have $100 fiat, which you can immediately use to buy back 100,000 sats.

The key is: In both scenarios, you end up with the same amount of Bitcoin. The difference is that in Scenario 2, you've contributed to Bitcoin adoption by using it as a medium of exchange.

The "spend vs. hold" debate isn't about choosing one or the other exclusively. It's about understanding that spending Bitcoin (and immediately replacing it) can help drive adoption without affecting your long-term holdings. By spending (and replacing), you support the Bitcoin ecosystem while maintaining your position. This approach combines the benefits of "stacking sats" for the long term with actively using Bitcoin as intended - as a peer-to-peer electronic cash system.

I hope the example helps to get my point across.

Replying to

the $10 she spent would still be $10 this week, unless there was some crazy inflationary/deflationary spike within a week (can happen, see covid lockdowns)

nostr:nprofile1qyv8wumn8ghj7mn0wd68ytnxd46zuamf0ghxy6t69uq3jamnwvaz7tmwdaehgu3wwdhhvun8dchxxmew0fsj7qpqehkvx8rdjsrwnf7kkqr8gy42vcwe6vwgqdwrl4juqccp689v8wfqex6z4h true, but now you are talking about timing the market when to buy sats. That isn't what I wanted to get across. My point is that even if you spend fiat, you are actually spending potential sats, which you now don't have, regardless if you spend fiat or sats. So that $10 got you 10.000 sats last week, but might now get you 9.800 sats, regardless if they were sats in the first place.

Replying to

bitcoin increased 1Yr something like +122.31% - so yes, putting your fiat into sats makes more economical sense than spending it. Buy and Hold is the new motto. What's it, stack sats? hodl?

no one is willing to spend, especially when you can potentially double your money in a year. However, you need to eat. Spending fiat in present value terms on groceries is nothing vs losing out on sat value.

$10 on food vs $10 on satoshis is way different.

I get that's what the Bitcoin White Paper set out to achieve, a p2p electronic cash without the need for trusted third parties, but here we are today.

that I understand, my point is rather: even if you spend fiat, you are actually spending unconverted sats. In that sense it doesn't matter if you spend sats on stuff because you would have bought it regardless.

Replying to

quillie

GM #frenstr

GM!

Replying to

well in most cases, the opportunity cost of spending sats gets higher against almost all asset classes.

Just like how we laugh at the guy who spent 10k bitcoins on two pizza's, the opp cost of that in another 10 years is kids laughing at us for zapping more than 100 sats a pop

But the opportunity cost of not changing your fiat to sats, so that you can buy things with fiat instead of with bitcoin is even bigger since you are not actively pushing the network forward.

In other words: from a "wealth increase" perspective it doesn't matter if you spend fiat or sats. For the fiat you've chosen to spend, you could have bought sats, but you didn't. So why not change fiat to sats, and spend sats so that the adoption curve of btc moves forward even faster.

Replying to

Troy Cross

I woke up this morning from a dream in which I noticed I had re-sprouted a full head of hair. In fact, my hairline was actually too low, like encroaching on the eyebrows.

What does it mean.?

Will zap all interpretations.

https://cdn.satellite.earth/16282c4cfbaabc7680c2df4bf71822bfbe71c6b443b578f2ed4b615086d992b1.mp4

It means just stay humble and stack sats.

Replying to

ODELL

GOOD MORNING NOSTR.

LIVE FREE. 🫡

GM! Had to watch this without sound and it looks like a horror movie.

Replying to

Every human rights activist I had on nostr:npub1fpcd25q2zg09rp65fglxuhp0acws5qlphpg88un7mdcskygdvgyqfv4sld, including Alex, nostr:npub13ajk3hhvqys2ev4y68jwxywgs8fsdsuk4y5gkzs874jdyrccvf5qak2yd9, Anna Chekhovich, Farida, will all tell you that tools and rules western “free” democracies use against their own citizens, dictators are watching, studying, and plotting to use against their citizens in perhaps more sinister and deadly ways.

It’s insane privilege that western leaders tout these solutions, and it’s downright evil nostr:note1rxyd0c5astyteskryc0hesd8rtudeq2r6m6glsntxv9tsdslvkpq24ghrc

This + future us. Data which seems harmless now can become a problem in the future, just depending on what some goverment thinks. Just look up what happened to the Jews in the Netherlands during WW2 and why such an unusual large percentage was killed…

Replying to

Bitcoiners trying to figure out “day 1” math for when Ross will be freed

He is probably free in a parallel universe 🎉

Free Ross Day Two #freeross

Replying to

I know I’ve got to stfu about this, but it’s Inauguration Day and there’s a lot on my mind

Trump will serve in a way to enrich himself these next few years

Not the U.S. or its citizens, as he pretends and Bitcoiners who paid him pretend. Any bitcoin or crypto he gets involved with goes in his pocket and @worldlibertyfi

Don’t act surprised. And the spinsters will try to spin this as all a part of the plan 🙄

It’s entirely against the ethos of being a bitcoiner - rules not rulers, don’t trust verify, freedom, financial inclusion, permissionless and fuck you money against corporations and central banks, not a fan of oligarchs or centralized power