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Kian Jer
9ceb0e084d57b0cd972297b9c63a3f8b29671293b138c500eda4a53dc8b5b632

Also nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a's 30 min video is a great primer / entry point

https://m.youtube.com/watch?v=jk_HWmmwiAs&t=448s&pp=ygUMYnJva2VuIG1vbmV5

Showed the video to my parents and wife. Not all are fully Orange-pilled yet but getting there. At least they realize the problem

As I am writing articles explaining the importance of Bitcoin both to deepen my understanding and to prepare materials for orange-pilling folks, I realized that nostr:npub1w69ya7xs697hk3hky3gllryz8rwverfa0ylz89chf9qnhfcskc2s64zltw's "Gradually, then suddenly" is what I am slowly working towards: a compilation of essays in explaining why Bitcoin is important.

Still, nothing is more valuable than actually writing things down as it forces me to organize my thoughts and fill the gaps of what I do not yet understand.

And no harm in showing my own proof-of-work.

One step at a time.

kianjer.substack.com

#Writing

As much as I like Yellowstone, my favorite parks near the region were grand Teton and glacier. Glacier was absolutely astonishing, worth the easy hike. Hoping to go back with the fam next time.

Replying to Avatar Gigi

I was just walking down the street, coffee in hand, suddenly realizing how "normal" it all is already. Like most days, I went to a coffee shop that accepts lightning. Like most days, I paid directly with sats that someone zapped me here on nostr. Like most days, neither the merchant nor myself thought twice about it, or took a minute to marvel at what just happened.

So, allow me to do just that. Marvel at what just happened. While everyone is having a fantastically crazy time at #nostriga, uncountable people are using bitcoin in a myriad of ways. Some for savings, large and small; some for transactions, large and small; some for other stuff. Bitcoin is slowly but surely entering the world stage. Some commentators will tell you that this is good. Some commentators will tell you that this is bad. Whatever the case may be, it is unavoidable.

I see nostr under a similar light. As platform-based manipulation and censorship ramps up—which it inevitably will—the usage of nostr will ramp up too, and with it the usage of zaps and everything else that comes with it. And soon enough, buying a coffee (or breakfast, lunch, and dinner) with zap-based income will be normal. Just like it's "normal" to be an "influencer" today, or a "YouTuber" or whatnot... It's not everyone's cup of tea, but it's a normal thing. Anyone can do it.

Back to my coffee. I remember when I had the "oh my god, I can live on bitcoin here!!!" experience for the first time. It was in Bitcoin Jungle, a couple of months after the initiative was launched. I stayed there for 2 weeks or so, buying the necessities of daily life with sats outright. And it worked. Flawlessly. I had zero payment failures, and was exclusively using Zeus with my own node. It was incredible.

Why is this incredible, you ask? Shouldn't stuff just work? Yes, it should. But building out the tech and the infrastructure to make it all work is BLOODY HARD. I remember the first Lightning Conference in Berlin, in 2019. Everyone came, everyone had all their channels and wallets and everything prepared, and ~50% of payments failed. For... reasons.

Fast-forward to today: I go to one of the 100+ merchants in the city that accept bitcoin, a quick tap on the PoS device & QR code scan, boom, done. Is it always perfect? Of course not. Will it get better still? 100% it will. Very soon these merchants will have NFC-enabled devices, and the tap-to-pay experience that people are used to with cards & Apple pay will be normal for bitcoin payments too. If you are in Riga right now, you'll experience this first-hand thanks to Bolt cards and BTCPay Server. It's awesome, it's open-source, and it works. And it will get better still.

We are truly living in the best and weirdest timeline; a timeline where shitposting on the internet can buy you lunch and dinner; a timeline that spawns amazing technological movements like #nostr; a timeline that, every ~10 minutes, allows for a small miracle to happen. A timeline where "magic internet money" is a normal thing; a timeline that, thanks to the magic dust of cryptography, enables anyone to speak about anything, without having to ask for permission. I'm grateful.

Thank you, Satoshi. 🙏🧡

Still very distant for Asia, but the build has to start somewhere. Looking forward to living in, or maybe even building the infrastructure here one day, who knows!

Replying to Avatar walker

Want to understand how inflation impacts your purchasing power?

Let's look at The New Yorker, which publishes the price of each copy right on the front of the magazine.

1925: 15 cents

2024: $8.99

What the heck happened to make The New Yorker so much more expensive?

It's important to understand that technology is naturally DEFLATIONARY.

Everything should be getting cheaper over time, including The New Yorker.

Think about it: printing, writing, & editing technology has improved tremendously since 1925.

So, why is the magazine more expensive now?

From 1925 to 1971, The New Yorker increased in price from 15 cents to 50 cents, an increase of 233.33%.

That's pretty dramatic, but not THAT bad...

But from 1971 to 2024, price increased from 50 cents to $8.99, an increase of 1698%.

So, WTF happened in 1971?

In 1971, Richard Nixon "temporarily" suspended the convertibility of dollars to gold, ending the Gold Standard.

This meant that the Federal Reserve could now print dollars out of thin air without restriction.

Increasing the money supply by creating new money out of thin air is literally "inflation."

"Prices rising" is the result of inflation.

When more monetary units are created, the purchasing power of the monetary units that already exist decreases.

When the government/central bank prints money out of thin air, they are STEALING your purchasing power.

Here's The New Yorker over a few decades:

1971: $0.50

1980: $1.00

1990: $1.75

2000: $3.00

The magazine did not become more valuable, our MONEY became LESS valuable.

https://m.primal.net/KEpn.webp

https://m.primal.net/KEpo.webp

https://m.primal.net/KEpr.webp

https://m.primal.net/KEps.webp

By looking at this example of The New Yorker, which cost 15 cents in 1925 and costs $8.99 today, we see that the U.S. dollar has lost approximately 98.33% of its purchasing power in less than 100 years.

This is what happens when you print money out of thin air...

When money is controlled by the State, you are powerless to stop the destruction of your purchasing power.

Technology should be making everything LESS expensive over time, but even something as simple as a magazine gets more and more expensive over time.

So, what can you do to protect yourself from the government/central bank printing money out of thin air and destroying your purchasing power?

Study #Bitcoin with nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8

There will only ever be 21 million bitcoin and no government or central bank can print more.

Fully agreed. Posted a similar note too.

Same thing for gold, real estate. Value increase yes, to a certain extent, but primarily driven by money supply increase.

When I use the same line of argument for friends and family, they revert to "observational" counterarguments like "because wages are increasing" or "because raw material prices are increasing".

All symptoms but no one can pinpoint the actual root cause.

How else can we explain this to them apart from "our money is broken?" Whats the flow of thought to bring them to the conclusion?

https://primal.net/e/note1ncxkztcuw4frppv8u7g9aht9jwmgvuuwnkv64tvvh5t2tramuewq3e552c

Was doing some research on global adoption and came across this article by Reuters on El Salvador in Feb 2024.

The title itself already tells you a lot.

Little to no data on the actual returns in fiat terms as of today. Mainly cherry picked anecdotes. Any limited data has no benchmarking against peers or past performance of the country.

The worst part is knowing that most people will only read the title, and the word choices will successfully invoke all sorts of negative impressions about bitcoin on them.

Obviously an intentional attack but gotta admit they played the emotion game well.

We need to spread more positive and good as well.

#ElSalvador #Bitcoin

https://www.reuters.com/technology/short-cash-el-salvador-doubles-down-bitcoin-dream-2024-02-02/

Proof-of-work is meritocracy; proof-of-stake is aristocracy

#Bitcoin #PoW

Same for the majority of the world (but less of the poisoning aspect; America's diet and medical scenes are obscene).

Except for a few countries with high government integrity e.g. Singapore, but even that is under a noticeable amount of stress nowadays with immigration and other social issues.

nostr:note1ext544grza7shdejt4pg8fvl0fhx0gwsh872954thlmcn4lkwzzqvq7klh

yeh RPGs are fun but I cant afford to sink so much time into them anymore

also FTL is amazing, such an underrated game

What are y'alls favourite genres?

Mine is (single-player) rougelikes

Hades, Isaac, Dead Cells

Can't pause for multiplayer games rip

Am i the only weird one for enjoying leg day more than any other days?

Truly one of life's greatest joys (with lots of crying and yelling in between)

But hey whats life without some ups and downs?

nostr:note1w2wr4zgqyclhxptdz9az27w5sczuvq5ur7cwa4ypamcg3mtjtcdq6x8vzc

I know the institutions’ stacks doesn’t affect the protocol or network stability, but I can’t help but wonder if they could be planning some coordinated dumps-and-purchases to increase price volatility to shake off the weak hands and reduce confidence for the not-yet convinced.

Those who are still early in the btc journey will still use the BTC/Fiat pair to determine its potential.

But what if the institutions betray each other i.e. A, B and C agreed to sell together, but only C sold while A and B keep stacking.

Another form of game theory? Or I’m just overthinking things. Fun thought though

I think because his game is so calm and steady the media finds it hard to get "substance" and "variety" when the camera is on him.

When he's off the course he's also very much the same

Bryson? Insane distance on driver. Eye catching stuff.

Hideki? Unique swing tempo. Eye catching stuff.

Rory? "Prettiest" swing. People love it.

What an amazing player though.

Maybe a controversial take but my potential co-founder and I were having a discussion around jobs.

We both agreed that a significant portion of jobs (especially white collar jobs) that currently exist are actually not necessary.

They provide little to no value to the company or to society.

I could relate from my previous job. The owner was basically running a private welfare company. Almost nobody gets fired (unless you commit some crime).

So you get a bunch of C-players staying in the company.

And we think its partly because the fiat system requires people to commit to these "dead end" jobs to make ends meet.

Or because public companies need to grow at all cost to satisfy stakeholders.

So we were wondering: what happens if we truly enter an age of abundance and more people were free from the 9-5 jobs?

1) Would most people go crazy and be completely unproductive like playing games all day long?

2) Or would most people find time to learn and discover themselves, maybe commit more to entrepreneurship and the likes; finding out what gives them meaning in life and get really good at doing those things?

Of course its not a simple 2-case scenario, but thats the general direction we think things will go.

Hopefully the latter scenario dominates.