"only had 4 followers"
Nobody has to be as technically capable as you to immediately recognize this as a red flag. Those who have become accustomed to the centralized world 'protecting' them just need to get educated on the implication of a new decentralized, don't trust; verify world.
Granted, this education isn't going to happen en masse overnight; but, I kind of feel like focusing on providing better and better tools for individuals to perform their own verifications has to be a more productive path in the long run than trying to replace the 'protection' they are used to getting from the old centralized platforms.
Nostr really could use a robust npub rating system. i.e. what would be cool is if you could just give this npub a 0 rating (perhaps even add a comment)... then, when I receive an unsolicited DM from this same npub, I would quickly notice that it comes with a low rating among all my follows; and that nostr:npub1aqakd28d95muqlg6h6nwrvqq5925n354prayckr424k49vzjds4s0c237n has even provided a detailed explanation to accompany the low rating he gave.
(*I have heard of work being done in this direction; but I haven't taken the time to keep informed on progress).
So nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqsd7gqv4s60d743gfv8x4z09krv6zmn6x02sswcfsrt0ymshw3pfqcap2vcl have an interesting proposition.
They are able to offer traditional merchant services at around 50% the cost of other companies because it is subsidised by the Bitcoin gains they make by also accepting Bitcoin and optionally converting on the fly to fiat for merchants that prefer not to hold Bitcoin.
Even if you have no interest in Bitcoin, as a merchant you are still incentivised to choose them, then you become incentivised to start accepting Bitcoin and eventually holding Bitcoin as you see the value proposition.
Game theory in full force šŖ
That sounds awesome!... particularly for the merchants... If all those merchant incentives eventually lead to merchants providing real incentives for their customers to spend their Bitcoin, then we'll really have something.
Yes. We should expect merchants to eventually recognize the value of accepting Bitcoin instead of paying other payment processing fees... so much so, merchants ought to offer a couple points discount for purchases via Bitcoin in order to entice customers away from using credit cards that provide them with rewards.... until then, I say punish the merchants for not making it worth your while to spend your Bitcoin: just keep forcing them to pay credit cards fees so that you can earn the rewards that you can ultimately turn into more Bitcoin for yourself.
... so the 2020-2021 pump didn't have anything to do with Money Printer Go BRRR after all? It was just a Mr. Roarke bump?
With regard to *elected* politicians, I tend to think the opposite. Their salary ought to be high enough to make selling their power for much, much more than their salary less enticing. Also, to the the extent elected politicians are necessary, I want to attract the best of the best - and afford them the luxury not to have to worry about how much more they could be making with another job. The problem isn't high salaries; it's the perverse incentives associated with trying to get re-elected over and over (i.e. pleasing large donors while they're in office). Just limit every elected position to one term. Period.
Hella frustrating to watch. The general attitude that [paraphrasing] "all energy must be put towards my vision of the future; or it's a scam" strikes me as pure hubris. Alex, I don't think I would have had the patience you demonstrated just in order to have a coherent conversation.
not just hats; but all kinds of clothes (and other 'supplies')... it's just too damn easy to reorder stuff on Amazon. It's very annoying when I discover that a previous purchase has since been discontinued. It means I have to go through the trouble of 'shopping' again. I hate shopping.
Typical no-coiner confirmation bias. I still have yet to ever hear "I saw Bitcoin was up, right?" from any of my no-coiner friends/family.
Saylor has the best take: (paraphrasing) You're probably better off just stacking Bitcoin. MSTR is for those who either can't or won't.
There hasn't really been anything new from the FED to fuel any such pump. The reality is virtually all markets are still trying to find their equilibrium vis a vis the 2020-2022 FED pump.
Agreed. Though, I'm of the opinion that a history of 2 or 3 'cycles' is very weak evidence that these cycles actually exist in the first place - beyond just being in response to the overall macro economic factors at the time.
That is, macro economic factors will again turn bearish for bitcoin; and naturally, much of the corporate bitcoin treasuries will be wiped out - with the particularly more heavily levered treasuries taking their respective corporations out with them.
This is isn't really a 'bitcoin' cycle per se - bitcoin is just along for the ride on the macro cycles (which bitcoin is no where near obsoleting).
LOL! "brought"... like in his pocket, I suppose?
*I'll forgive the unit faux pas... Bitcoin is naturally deflationary after all. š
Until merchants offer a financial incentive to pay in Bitcoin rather than fiat, assume they would just prefer fiat. If they prefer fiat, and you prefer Bitcoin, then why fight it?" Just pay in fiat (preferably with a credit card that pays cash rewards - which you can turn into more Bitcoin).
"Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire." - Ludwig von Mises
When bitcoiners understand this, theyāll be more willing to spend some of their sats.
nostr:nevent1qqs8jhh2cj5xcrdh6fehhulshzm044848aff5mujkk8w3wwk8dt0h0s9ks8fx
Use credit cards that pay cash rewards. i.e. take a rolling 30-day interest-free loan to spend someone else's dollars.
Eventually, as merchants learn to value sats as much as you do, it will be in their interest to adjust their prices in sats to make it in your interest to instead spend your sats.
This is a fantastic list! (except Lyn is objectively awesome - even without cowbell š)
Smoking pot. (because it messes with my preferred alcohol buzz)
I'm not sure what you mean... To cross the street, you simply go up about 2 flights of stairs, walk through a maze of casino tables, take a bridge over to another maze of casino tables, walk down another 2 flights of stairs... done! it makes perfect sense.
nostr:npub147kejpnm053ms6sufn3rpah7argw964s4xx9unndq9hzdstfgjrqlvcpce says sheād welcome Trump on Bluesky.
nostr:note1mgp7mku3p04s2k7668phj0deyq637xqmladnhnt3kfwg7mhxqw7qmpdq2p
In other news, when the CEO of Nostr was asked if he'd welcome Trump, he responded "I couldn't stop him if I wanted to... because I don't exist."
RHR 356: BITCOIN $100K WITH nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgqgzx3h, nostr:nprofile1qy0hwumn8ghj7cnfw33k76twd4shs6tdv9kxjum5wvhx7mnvd9hx2qg4waehxw309ajkgetw9ehx7um5wghxcctwvsqzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq76kl2yj, AND nostr:nprofile1qyfhwue69uhnzv3h9cczuvpwxyargwpk8yqsuamnwvaz7tmwdaejumr0dshsqgxn6aqjfh0mt0wxrw8335tuxv6mhd8ccugc9g67ufe3ffy6f6mmr5ggmzh9
https://cdn.satellite.earth/cbc7cc60e804784fe70809c190dfd2525638e7bd5ac1512701f271b0a16cc57c.mp4
I totally agree that a little more professional decorum from Wednesday's panel would have been nice to see (I don't agree it was a problem from both 'sides'). Seriously, if you think your opposition's case is laughable, you probably shouldn't feel that your participation is even needed... especially since it was 4 vs 2 anyway (5 if you include the 'moderator').
They may very well have bought it. My point is that the use of "transferred" make it not clear either way. I must have skimmed through a dozen articles so far that report it as a 'buy' but they all seem to originate from the same "transferred" source tweet that you and I are referring to, with no indication that they have any further information than what you and I have. I'm not saying I necessarily think one way or the other... it just strikes me as odd as worded, and I'm happy to wait for explicit confirmation.
BTW, I think they MUST be holding Bitcoin elsewhere. They have made it transparent some time back that they would purchase 1 BTC every day, and the address they have made public reflects almost EXACTLY 1 BTC every day. They supposedly have additional BTC revenue however: perhaps most notably, from mining. When they first established their transparent BTC address, they announced a bunch of the initial balance was from mining BTC... clearly they MUST have been able to mine some more since then. If their transparent public address is only showing the 1 BTC daily purchase, then they MUST be keeping the mined BTC somewhere else. (BTW, I'm conceding that maybe no one is dumb enough to pay their taxes in BTC, but that would be another potential BTC revenue steam that isn't being added to their transparent public address).
Yesterday, El Salvador "transferred" 11 #Bitcoin to their Strategic Reserve in addition to their usual purchase of 1 #BTC. Presumably, this is from a separate stash? from mining operations maybe? How much more do the actually have? Is this #Bukele's way of signaling what Bitcoin activities 'confined' by the #IMF is going to look like?
