Suppose you want bitcoin to be money. Suppose you'd like to spend 10 bitcoin but only have 0.1 bitcoin worth of USD on hand. The tax rate is 15%. How do you send the 1.5 bitcoin to the tax man?

This is a fun thought experiment that I chew on often:

Let's say we all shared one savings account. Everybody piles their cash in. Anybody on the account has access to the dollars but the number goes up because we all accrue interest collectively. Billions and trillions of dollars accrue and we each get interest based on our individual contributions. When loads of people have put in enough, the account reaches an escape velocity where everyone participating has 100% credit worthiness because we participate in a collective system that grows cumulatively, now that provides near perfect collateral where everyone is incentivized to spend less than they earn. After years the interest builds to the point that each contributor can live on interest alone.

This is how I think about BTC. Except there is no risk of debasement, bank runs, confiscation, changing bank regulations. Now each is not only bettering their own life but bettering the lives of others by using less and saving more.

I don't really have a point, it's just a neat way to frame the protocol.

Set up zaps or you won’t last long here. It’s the blue check mark of Nostr. A real boy you will be.

Set up zaps or you won’t last long here. It’s the blue check mark of Nostr. A real boy you will be.

Yea, I am lazy.

If I get to 5 followers I will enable them!

What gave it away? The fact he doesn’t have zaps enabled.

You have 4 followers. Nobody is going to call. Enjoy it.

Goodbye Trudeau 🇨🇦

Hypothetical. I am saying we need more clients for Nostr BUT if I FUD a shitty client, that doesn't make me a hypocrite.

Not mutually exclusive. If Someone built a client that stole your Nsec i would FUD TF out of it.

At the same time, the author is pumping their (failing) investment and actively FUDing competitors nostr:note1z962w86ag98j03szedygrau24yahnk4rhnllg63a8k308tqu6z0s7xr5sf

Elon is a great father and makes the best decisions for the benefit of humanity. nostr:note1r4fmz3m4xka7fgvh3yxqmdhl6qvjva0eej79zn7zmmec09ddtqsqmzzrl4

Do these people even stack #Bitcoin?

Before you #judge others or claim any absolute #truth, consider that...

Percentage of shadow economies as a % of GDP:

— Afghanistan 🇦🇫: ~64.1%

— Bolivia 🇧🇴: ~63.2%

— Georgia 🇬🇪: ~60.3%

— Azerbaijan 🇦🇿: ~59.4%

— Zimbabwe 🇿🇼: ~58.6%

— Myanmar 🇲🇲: ~57.9%

— Nigeria 🇳🇬: ~56.9%

— Pakistan 🇵🇰: ~56.3%

— Bangladesh 🇧🇩: ~55.8%

— Ukraine 🇺🇦: ~55.4%

— Kenya 🇰🇪: ~54.9%

— Argentina 🇦🇷: ~54.4%

— Brazil 🇧🇷: ~41.1%

— China 🇨🇳: ~34.5%

— India 🇮🇳: ~24.3%

— Indonesia 🇮🇩: ~23.2%

— Mexico 🇲🇽: ~21.4%

— Russia 🇷🇺: ~20.5%

— South Africa 🇿🇦: ~20.2%

— South Korea 🇰🇷: ~17.5%

— Turkey 🇹🇷: ~16.9%

— United States 🇺🇸: ~5.6%

— Japan 🇯🇵: ~5.1%

— Germany 🇩🇪: ~4.9%

— United Kingdom 🇬🇧: ~4.7%

— France 🇫🇷: ~4.6%

— Italy 🇮🇹: ~4.5%

— Canada 🇨🇦: ~4.3%

— Australia 🇦🇺: ~4.2%

— Algeria 🇩🇿: ~43.8%

— Angola 🇦🇴: ~42.1%

— Antigua and Barbuda 🇦🇬: ~24.1%

— Armenia 🇦🇲: ~44.1%

— Austria 🇦🇹: ~8.1%

— Bahamas 🇧🇸: ~23.1%

— Bahrain 🇧🇭: ~26.1%

— Barbados 🇧🇸: ~22.1%

— Belarus 🇧🇾: ~39.1%

— Belgium 🇧🇪: ~18.1%

— Belize 🇧🇿: ~34.1%

— Benin 🇧🇯: ~43.1%

— Bhutan 🇧🇹: ~25.1%

— Bosnia and Herzegovina 🇧🇦: ~30.1%

— Botswana 🇧🇼: ~20.1%

— Brunei 🇧🇳: ~10.1%

— Bulgaria 🇧🇬: ~29.1%

— Burkina Faso 🇧🇫: ~44.1%

— Burundi 🇧🇮: ~46.1%

— Cambodia 🇰🇭: ~35.1%

— Cameroon 🇨🇲: ~38.1%

— Central African Republic 🇨🇫: ~45.1%

— Chad 🇹🇩: ~42.1%

— Chile 🇨🇱: ~19.1%

— Colombia 🇨🇴: ~33.1%

— Comoros 🇰🇲: ~40.1%

— Congo (Brazzaville) 🇨🇬: ~41.1%

— Congo (Kinshasa) 🇨🇩: ~44.1%

— Costa Rica 🇨🇷: ~22.1%

— Côte d'Ivoire 🇨🇮: ~39.1%

— Croatia 🇭🇷: ~24.1%

— Cuba 🇨🇺: ~26.1%

— Cyprus 🇨🇾: ~20.1%

— Czech Republic 🇨🇿: ~14.1%

— Denmark 🇩🇰: ~9.1%

— Djibouti 🇩🇯: ~36.1%

— Dominica 🇩🇲: ~25.1%

— Dominican Republic 🇩🇴: ~29.1%

— Ecuador 🇪🇨: ~31.1%

— Egypt 🇪🇬: ~34.1%

— El Salvador 🇸🇻: ~32.1%

— Equatorial Guinea 🇬🇶: ~43.1%

— Eritrea 🇪🇷: ~45.1%

— Estonia 🇪🇪: ~12.1%

— Eswatini (Swaziland) 🇸🇿: ~36.1%

— Ethiopia 🇪🇹: ~38.1%

— Fiji 🇫🇯: ~26.1%

— Finland 🇫🇮: ~10.1%

— France 🇫🇷: ~4.6%

— Gabon 🇬🇦: ~39.1%

— Gambia 🇬🇲: ~42.1%

— Georgia 🇬🇪: ~60.3%

— Germany 🇩🇪: ~4.9%

— Ghana 🇬🇭: ~35.1%

— Greece 🇬🇷: ~22.1%

— Grenada 🇬🇩: ~24.1%

— Guatemala 🇬🇹: ~33.1%

— Guinea 🇬🇳: ~41.1%

— Guinea-Bissau 🇬🇼: ~44.1%

— Guyana 🇬🇾: ~30.1%

— Haiti 🇭🇹: ~43.1%

— Honduras 🇭🇳: ~34.1%

— Hungary 🇭🇺: ~23.1%

— Iceland 🇮🇸: ~8.1%

— India 🇮🇳: ~24.3%

— Indonesia 🇮🇩: ~23.2%

— Iran 🇮🇷: ~36.1%

— Iraq 🇮🇶: ~40.1%

— Ireland 🇮🇪: ~12.1%

— Israel 🇮🇱: ~18.1%

— Italy 🇮🇹: ~4.5%

— Jamaica 🇯🇲: ~26.1%

— Japan 🇯🇵: ~5.1%

— Jordan 🇯🇴: ~29.1%

— Kazakhstan 🇰🇿: ~32.1%

— Kenya 🇰🇪: ~54.9%

— Kiribati 🇰🇮: ~38.1%

— North Korea 🇰🇵: ~45.1%

— South Korea 🇰🇷: ~17.5%

— Kosovo 🇽🇰: ~34.1%

— Kuwait 🇰🇼: ~20.1%

— Kyrgyzstan 🇰🇬: ~39.1%

— Laos 🇱🇦: ~35.1%

— Latvia 🇱🇻: ~20.1%

— Lebanon 🇱🇧: ~30.1%

— Lesotho 🇱🇸: ~36.1%

— Liberia 🇱🇷: ~42.1%

— Libya 🇱🇾: ~40.1%

— Lithuania 🇱🇹: ~18.1%

— Luxembourg 🇱🇺: ~10.1%

— Macedonia (FYROM) 🇲🇰: ~29.1%

— Madagascar 🇲🇬: ~38.1%

— Malawi 🇲🇼: ~39.1%

— Malaysia 🇲🇾: ~22.1%

— Maldives 🇲🇻: ~26.1%

— Mali 🇲🇱: ~43.1%

— Malta 🇲🇹: ~14.1%

— Marshall Islands 🇲🇭: ~36.1%

— Mauritania 🇲🇷: ~42.1%

— Mauritius 🇲🇺: ~20.1%

— Mexico 🇲🇽: ~21.4%

— Micronesia 🇫🇲: ~38.1%

— Moldova 🇲🇩: ~34.1%

— Monaco 🇲🇨: ~10.1%

— Mongolia 🇲🇳: ~32.1%

— Montenegro 🇲🇪: ~29.1%

— Morocco 🇲🇦: ~30.1%

— Mozambique 🇲🇿: ~41.1%

— Myanmar 🇲🇲: ~57.9%

— Namibia 🇳🇦: ~36.1%

— Nauru 🇳🇷: ~38.1%

— Nepal 🇳🇵: ~35.1%

— Netherlands 🇳🇱: ~12.1%

— New Zealand 🇳🇿: ~10.1%

— Nicaragua 🇳🇮: ~34.1%

— Niger 🇳🇪: ~43.1%

— Nigeria 🇳🇬: ~56.9%

— Norway 🇳🇴: ~9.1%

— Oman 🇴🇲: ~20.1%

— Pakistan 🇵🇰: ~56.3%

— Palau 🇵🇼: ~36.1%

— Panama 🇵🇦: ~26.1%

— Papua New Guinea 🇵🇬: ~38.1%

— Paraguay 🇵🇾: ~33.1%

— Peru 🇵🇪: ~29.1%

— Philippines 🇵🇭: ~32.1%

— Poland 🇵🇱: ~22.1%

— Portugal 🇵🇹: ~18.1%

— Qatar 🇶🇦: ~20.1%

— Romania 🇷🇴: ~28.1%

— Russia 🇷🇺: ~20.5%

— Rwanda 🇷🇼: ~39.1%

— Saint Kitts and Nevis 🇰🇳: ~24.1%

— Saint Lucia 🇱🇨: ~25.1%

— StVincent & Grenadines 🇻🇨: ~26.1%

— Samoa 🇼🇸: ~36.1%

— San Marino 🇸🇲: ~10.1%

— Sao Tome and Principe 🇸🇹: ~38.1%

— Saudi Arabia 🇸🇦: ~24.1%

— Senegal 🇸🇳: ~39.1%

— Serbia 🇷🇸: ~29.1%

— Seychelles 🇸🇨: ~20.1%

— Sierra Leone 🇸🇱: ~42.1%

— Singapore 🇸🇬: ~10.1%

— Sint Maarten 🇸🇽: ~24.1%

— Slovakia 🇸🇰: ~18.1%

— Slovenia 🇸🇮: ~14.1%

— Solomon Islands 🇸🇧: ~38.1%

— Somalia 🇸🇴: ~45.1%

— South Africa 🇿🇦: ~20.2%

— South Korea 🇰🇷: ~17.5%

— South Sudan 🇸🇸: ~44.1%

— Spain 🇪🇸: ~18.1%

— Sri Lanka 🇱🇰: ~32.1%

— Sudan 🇸🇩: ~40.1%

— Suriname 🇸🇷: ~34.1%

— Swaziland 🇸🇿: ~36.1%

— Sweden 🇸🇪: ~9.1%

— Switzerland 🇨🇭: ~8.1%

— Syria 🇸🇾: ~43.1%

— Tajikistan 🇹🇯: ~39.1%

— Tanzania 🇹🇿: ~38.1%

— Thailand 🇹🇭: ~26.1%

— Timor-Leste 🇹🇱: ~36.1%

— Togo 🇹🇬: ~42.1%

— Tonga 🇹🇴: ~38.1%

— Trinidad and Tobago 🇹🇹: ~24.1%

— Tunisia 🇹🇳: ~30.1%

— Turkey 🇹🇷: ~16.9%

— Turkmenistan 🇹🇲: ~40.1%

— Tuvalu 🇹🇻: ~38.1%

— Uganda 🇺🇬: ~39.1%

— Ukraine 🇺🇦: ~55.4%

— United Arab Emirates 🇦🇪: ~20.1%

— United Kingdom 🇬🇧: ~4.7%

— United States 🇺🇸: ~5.6%

— Uruguay 🇺🇾: ~22.1%

— Uzbekistan 🇺🇿: ~39.1%

— Vanuatu 🇻🇺: ~38.1%

— Vatican City 🇻🇦: ~10.1%

— Venezuela 🇻🇪: ~44.1%

— Vietnam 🇻🇳: ~32.1%

— Yemen 🇾🇪: ~43.1%

— Zambia 🇿🇲: ~39.1%

— Zimbabwe 🇿🇼: ~58.6%

Note that the estimates for the shadow economy vary widely depending on the source and methodology used, and should be used as a rough guide only.

Sources:

— International Monetary Fund (IMF)

— World Bank

— Friedrich Schneider, "Shadow Economies of 145 Countries all over the World: New Estimates for the Period 2018-2020"

— Other sources, including national statistical agencies and research institutions.