Do you think that the new USD backed by BTC could be a giant E -Cash system run as a mint by the fed aka basically a CBDC backed by bitcoin that operates in many of the same ways as cashu and fedi do but on a larger scale?
Perhaps a similar effect to the halving could take place albeit with the proliferation of what this protocol is used for, and in the opposite way, it will become more and more widespread. Obviously it’s different in many ways to blockchain and mining doesn’t have to take place in order for this protocol to work, but I must admit I haven’t studied it in depth but from things I have heard on podcasts and YouTube videos it’s kind of one potential future layer of the internet that’s much more decentralized. So in one boat we have our decentralized hard money, and in another we have a communications protocol that can be utilized for everything from social media as it is now to even medical records systems that will compete with the monopolized electronic medical record formats. Bit of a complex subject but I think the potential lies in it being utilized to build a more sovereign internet layer with free market versions of any website people utilize regularly. A NOSTR version of Ebay, a NOSTR version of your favorite news website. ( I don’t know much but that’s kind of what I’ve picked up by listening to some podcasts). With the ability to run a relay on off the shelf easily available hardware it will be easy to disrupt some of the monopolies out there.
Answered my own question here’s a good one: per nostr:npub1qktts9naunvjdwsktq5xjdhwh539xt4x0mqj4yxq0q9dvm03ljvs6sms0r page: “The support from the Bitcoin community has made the first phase of OPERATION GABRIEL possible.
Every single one of your contributions is making an impact.
A special THANK YOU to the anonymous donor who contributed 1 BITCOIN.
We are humbled by the generosity of you all.
We do not take it lightly and are hard at work putting your contributions toward the effort.
Continuing updates will be posted.
Please continue to spread the word, we have a large task ahead.
pay.zaprite.com/pl_Mibjv4lkEs
Question from earlier answered nostr:note16fm3j4u288vqf6efpm6sekl44wpx33r2997fm7t9dvzhq2kgstys8w3w75
It’s interesting listening to podcasts and hearing people’s origin stories on how they ended up in this space and then reflecting on your own. In reflection of my own orange path albeit in my shitcoin era one thing I remember is thinking how I had an idea of making a more decentralized currency than bitcoin that doesn’t require the internet to work, something that was hardy off grid for preppers or doomsday scenarios, something that would utilize something like #LORA or #meshtastic to communicate that doesn’t require the internet. But in learning more about #bitcoin I’ve come to discover that it doesn’t necessarily need the internet to work and that the internet is only the most used means of communication of the information being transmitted between nodes. I remember hearing that we could even transmit the same information that travels through the bitcoin time chain/ blockchain (still learning the significance of the difference) via smoke signals but it would travel much slower.
What’s the best place to donate some sats for #hurricanehelene relief efforts? #fuckfema
Where to donate some sats to help with #hurricanehelene relief?
🤞🤞🤞🤞🤞back to #58kgang 🙏🙏🙏🙏🙏 LFG!!!!!!! 
Wish I was. Started by buying bitcoin but shitcoined for a few years and actually made a bit from that but ultimately found myself full circle during the 2020- 2024 cycle coming back to being bitcoin only thanks to daily listening to nostr:npub1vzjukpr2vrxqg2m9q3a996gpzx8qktg82vnl9jlxp7a9yawnwxfsqnx9gc
Does anyone know about potential risks of #metadata carrying over from uploads and sharing links to a platform like #nostr?
Am I paranoid or have some degree of correctness in thinking that information that could expose potential vulnerabilities in the devices one uses or even some PII that isn’t apparent to the everyday user?
Not a #cypherpunk but inspired to be like them
A lodging of wayfaring men. Interesting passage that stuck out to me about economics. 
Further thinking about #decentralization of #hashpower as a small individual miner using things like #bitaxe the point isn’t to become wealthy by running the hardware, but to help in terms of contribution to security of the network in an easily sustainable way where it doesn’t matter if you’re payed or not. The payment (regardless of size of block reward and subsidy) serves as a reward to those who are able to keep hashpower generating hardware running despite whatever conditions may present themselves, but it is not the true incentive. Enter the cockroach resilience like miners, running #cellphonechargers, keeping the hashpower going no matter what. One can only speculate what future development will yield in terms of small affordable hardware regarding energy use and hash power), but for now the small scale #bitaxe is as close as we have to that. nostr:note1xegpm5wfqpw4wjxk328ll6t5vj5n9uus7clt25nwxk7f9qr5s8rsnwp8a0
From a layperson’s perspective I’m not privy to the full nature of thermodynamics, it’s easy to imagine up ways in which the heat produced by a bitcoin miner can be re-utilized, but actually listening to people who know what they are talking about on it is fascinating.
This is a great talk to listen to if you’re just now getting into bitcoin mining with things like the #bitaxe. I know a #bitaxe is only a small drop of water in the ocean but interesting to think of the implications of bitcoin mining can have on our energy infrastructure.
https://youtu.be/WzHTVY5VvAw?si=yRM879SJx2xnDKIK
On my journey to try to understand #bitcoin I’m starting to sense that as one heads further into the rabbit hole they find themselves being presented with more and more questions which with almost certainty just drive them further down into the rabbit hole as they seek out the answers.
As the cost of mining goes up in terms of energy cost, and the block reward (subsidy I think is the term I’ve heard) goes down, will mining become more decentralized and run on more dispersed smaller scale hardware? (Enter hardware like the bitaxe?)
I’ve heard speculation block fee’s will go up over time too with competition for block space, so what will become a good UTXO size to have at a minimum?
When the block subsidy is smaller than the fees being paid to the miners, will big miners still operate for competition on what is a chance to gather these fees, or will small miners at random become wealthy by running their own hardware?
Piecing together this whole bitcoin thing little by little from an end user’s perspective.
The time of the small scale bitcoin miner is returning. Did Satoshi fathom such a thing happening from a hardware perspective?
Perhaps it is about having a say over what we can and can’t do with energy.