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First in person purchase was just the other day. Helped a small costume jewelry booth merchant install Fedi and sent her $10 of sats over lightning in exchange for a necklace my girlfriend wanted. Felt like a milestone that was a long time coming.
“Why doesn’t anyone trust the legacy media anymore?” https://v.nostr.build/ViqQRB9kJPNF4vHf.mp4
I don't understand the intense love for Trump on Nostr. He's not a good person.
My condolences. Losing a member of the family, furry or otherwise, is never easy. May she rest in peace. đź«‚
I enjoy the Motorola Edge (2023) which can be found for about $400 or so. Good value for an entirely new device, better tech, and more official support. Though if you prefer custom roms I'm sure it's fairly easy to do, last I know Motorola devices were decently easy to install custom roms on.
4.
Amber, Primal, Amethyst, Fountain.
It's almost never as bad as it seems in the moment. Life is better than it ever has been throughout history. We already live in the future our ancestors dreamed.
Find the time to slow down and enjoy the little things. There's no need to rush, slow and steady wins the race.
I love that Bitcoin is the rising sun. Beautiful!
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I've always felt like it was modern slavery rather than freedom. I want time to learn and do what I want. I want to travel the world and read lots of books. It never felt good to consider working for 45 years for someone else constantly judging everything I do, as what I could expect for my life.
Corrections: The last 50 Bitcoin will take 57 years (2083 - 2140), the second to last 50 Bitcoin will take 4 years (2079 - 2083).
It currently takes 160 min to mine 50 Bitcoin. 16x the amount of time it took from 12 years ago.
It will take 4.5 years to mine the second to last set of 50 Bitcoin. 14782.5 times the amount of time it takes today.
All models will be broken.
Are you ready?
The first 50 Bitcoin took 10 min to mine.
The last 50 Bitcoin will take 52 years.
The value of 10 min is relatively worthless, and so were the coins at the time. But the value of 52 years is far higher, and so will the value of all coins be at that point.
Bitcoin's marginal cost of production, driving the value of every coin in the network with it, continues to increase relative to BOTH time and energy. Providing a perfect store of the value of both.
The world isn't ready, but it's happening anyway. Bitcoin isn't asking permission.
Comparing apples and oranges. Gold was the best asset throughout history because it had the lowest inflation rate, at least in the last century this typically matched population growth (about 2%) which cancelled each other out and kept the value of Gold relatively unchanged in real terms over time.
If Bitcoin's superior perfect programmed scarcity didn't exist, than Monero with it's less than 1% annual inflation due to tail emissions would be superior and likely become the dominant asset (assuming it was similarly decentralized).
We do live in a world with Bitcoin though, with absolute scarcity and ever reducing block subsidies that completely disappear by 2140. There will only ever be 21,000,000 Bitcoin. As of June of this year there's roughly 18.5 million Monero, with new supply of 157,680 created yearly as a permanent subsidy from "tail emissions".
This is currently and always will be under 1% annual inflation, that's better than gold's 2% but still loses a significant value over time compared to Bitcoin.
When the last Bitcoin block is mined in 2140 there will be 21,000,000 Bitcoin and roughly 37,000,000 Monero (if it's still around). Over the next 116 years Monero's supply will double, reducing the value of each monero as a percentage of the overall network by half compared to today. Better than gold's 10x over the same period (90% smaller share of total supply compared to today) thanks to 2% inflation certainly, but inferior to Bitcoin's less than 10% increase compared to current supply over the same 116 year time period.
Bitcoin is more decentralized, more secure, more beneficial for global financial transparency (we can clearly see how large institutions use their money with Bitcoin, which is much more important than making it harder to track the movement of money by billions of plebs on the base layer), and the reduction of block rewards by half every 4 years results in the value of its units doubling relative to energy costs used to mine it. Something Monero doesn't have due to its unchanging marginal cost of production relative to energy thanks to the perpetual tail emissions.
This last point is IMO the most important factor of many in Bitcoin's success. Everything trends towards its marginal cost of production, the halving leads to a 100% higher marginal cost of production every 4 years, dragging the value of the entire network up with it. This value growth due to rising production cost and reducing available new supply drives adoption, and the ever higher energy demanded to mine blocks drives innovation to create new energy for the networks use.
This unstoppable effect on the global energy market will lead to a world of absolute energy abundance, while storing value relative to that energy (and everything we create with it) better than anything else.
We're on the same side, users of Monero and Bitcoin, but Bitcoin is the superior technology that benefits humanity far more than Monero can. Better privacy is great, but it can't compare to the value of absolute scarcity and rising marginal costs of production leading to energy abundance.
Permanent unchanging tail emissions on monero make it incapable of every becoming global money.
