NFTs are like building a train ticketing system, but without the trains. Or tracks.
Good piece, but due to Bitcoin (Niall’s not into it, per his appearance on nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx's show), a constitutionally minded Supreme Court, and the federal system, history should merely rhyme—not repeat.
So you can’t spend it with them. That was one of my points.
I’m not massively interested in spending bitcoin today (though I occasionally do), but I’m glad people are building out payment infrastructure because we’ll need it when the other party is *asking to be paid in bitcoin*, not the other way round.
In the meantime, it’s perfectly fun for us to obtain wealth by holding a scarce digital asset that will rise massively in value over the next decade *and* be altruistic in ways other than trying to spend it everywhere today.
Nah. Bitcoin is a savings asset for the 2020’s. This is the decade of USDT.
There are very few outsiders who think Bitcoiners are greedy sociopaths. Most think we’re idealistic fools.
Besides, who wants Bitcoin? Others bitcoiners. Spending to other Bitcoiners won’t convince anyone of anything.
They’re just really good at taking the time to ship great stuff, that’s often in service of some greater vision that’s visible only to a small number of the leadership. Jobs set up the factory and it’s still churning out unmatched products. Every engineer there gets the last ounce of effort squeezed out them by WWDC by the system he set up. It would be even better if Jobs was still around of course, albeit with a tad more burnout.
Interesting point made in this podcast that we’re suffering from a wholesale exile of lateral thinkers in influential positions.
Yes, the UK has significant problems and those that are down to Brexit are relatively minor.
Brexit was a peaceful civil war and as such, of course people are going to be sore about it for a very long time, with the expected motivated reasoning being applied to every negative fact and figure.
That seems like the closest approximation. But still there is something different about the fungibility of sats versus a feature that can only be bought once.
In any case, kudos for getting this in place and maybe we’ll see Apple formalize the legitimacy of this use-case in the rules so that more apps can confidently go down this path.
👏 Really well written and succinct.
Maybe that slipped by them? 🤷
Or maybe they’ve educated themselves a little, and are somewhat interested in these novel use cases that aren’t quite compatible with their closed-loop system, and have decided to see what revenue can be generated through the power of defaults.
The guidelines have allowed this type of thing for a while - they’re fine with in app currencies for tipping others as long as they originate from
their in-app purchase mechansim.
One challenge that I wonder about is the Restore Purchases function, which they normally insist on being present. That’s seems totally incompatible with sats in a Lightning wallet. 🤔
I take that back, it’s *not* using Apple Pay as the OP says. It’s in-app purchase which means the 30% fee is taken as you stated. 😕 
Apple Pay doesn’t have fees on top; 30% is for in-app purchases during the first year. So this is cheap+easy but KYC’d sats.
Yep, and it looks like they are definitely not going to succumb to ceasefire pressure. This time it’s different.
They are getting what they want from a fairly narrow view of things.
1) Israel have tried the generous approach; Hamas proliferate regardless.
2) Hamas have said that they thought the Oct 7 attack would lead to an explosion of attacks from Lebanon and elsewhere once word got out. Didn’t happen. That may have been their main goal.
3) The geopolitical landscape has changed with Saudi Arabia very interested (still) in normalizing relations. That will be a huge factor in the coming years. And with this line crossed, let’s see what happens with Qatar.
I’ve been saying this for months! You can’t even proxy the traffic to see what the app is doing with your data.
“they all come from a world in which bullshitting hard enough will tend to yield a positive return in the end”
Nailed it. nostr:note1f6vzun8y0pz65vk9tqnzprpffca40f03hzn4r3nk5w44f0gf0ncqduhl9c


