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DiscordantSkies
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I used to, but the NFL has made it clear they don't want me as a customer. Fortunately, that decision coincided with the loss of Manning. Beau is gonna test my commitment.

So, the difference between bag 3 (worms) and bag 2 (chickens) is a large margin? Probably true, we're still very much in price discovery for Bitcoin (and not all B has been mined, and therefore isn't in some (acting) person's wallet).

I *think* I get your point (price is volatile and unrepresentative), but I don't think it's the small amount of Satoshis that are actively traded. Even in a mature market, only a fraction of supply is ever actively traded. It seem more likely that it's because it's a young market and manipulators (e.g., Greyscale) have undue influence.

Hmmmm, maybe we're saying the same thing. My economics 101 spidey senses just really don't like the way you're saying it.

nostr:npub1vwymuey3u7mf860ndrkw3r7dz30s0srg6tqmhtjzg7umtm6rn5eq2qzugd

You've mentioned on the last couple of podcasts that Bitcoin's price is unknown because only a fraction of the available supply is being traded (hodl-ers have the rest). But it's a function of economics that price is set at the margins.

Imagine owning 3 bags of wheat. The first bag you set aside for it's highest use (for you): making bread for your family. The second is set aside for it's second highest use: feeding your chicken. The third, since you have it, you'll use to throw on your garden and mulch over to feed the worms. Since that last (marginal) bag is the first you'd get rid of (actually, the use of the third bag--which physical bag is irrelevant), the price you'd accept to get rid of it is the value you place on feeding the worms. That's the price.

If Bitcoin jumped to $1M in the morning, there'd be a lot fewer hodlers.

I seem to recall hearing the last time Bitcoin Core was updated to wait for a bit before updating. Should I wait for that and also LN Bits?

#Start9 #BitcoinNode #OrangeNewb

I have a vague thought that as you meet ppl IRL, you can validate each other's public key (if you choose to). When you see someone with a heavily validated key (or validated by someone you trust), that would act as high trust. Theoretically with this model, you could have multiple public keys; but each would have to be validated separately. (You could validate differently: a personal key, a biz key, an agorist key, etc).

On the flip side, if your key is validated by someone considered untrustworthy, you'd lose a lot of that trust. But you could generate a new public key, and begin to work the room again. (so you're never completely out, just need to rebuild trust.)

Turning into a good thing. I'm just looking at the Follow list of everyone I can think of and clicking on anyone that looks remotely familiar or interesting. Increasing my Network by quite a bit.

I'm on Iris (that's the one that's native to Start9). I'm currently looking for backup options. It looks like I can back up my Relay list (doesn't seem to work well, though) but haven't found a way to back up my Follows. But, since I keep my own relay as one of the ones I'm always attached to, I figured that'd always work as a backup. #growingpains #nostringpains

Not sure how, but I managed to lose all of my Follows. I thought I'd been saving to my own node, so I'd have that as a backup at the very least.

I like the idea of budgeting a zap amount. 30,000/mo (1k/day) seems like a reasonable amount; easy enough to add to a lightning wallet on a regular schedule. Maybe have a separate Zap wallet. πŸ€”

All the techno-dystopian ideas, books, and movies, yet no one considered that human society would be disrupted by sheer annoyance.

Anyone else *really* want to ask Dave to open the bay doors? Oh, all of you? Guess I'm not as original as I thought.

Honestly, if $439 was your life savings, then your time and effort is better spent earning more (get more skills, ask for a raise, find a new job, build side hustles, work extra jobs/overtime, etc.) than in any kind of investment or speculation.

Probably anathema on nostr, but until you've got a decent fiat cushion to weather stormy days, I'd recommend stacking cash instead of sats. A few grand, at least.