You’ll get banned tho, lol

The idea that Twitter has made it “inhospitable for journalists” when they’ve done nothing at all to journalists is really funny though. 😂

#5, but it does depend on how much water comes out of the spigot vs how big the connecting pipes are. Realistically it could be #1 also

She should be given an award.

This “father” needs to learn how to actually be one.

(an even more bullish post that criticizes bullish post for actually being bearish, thereby exerting natural dominance in the bullish hierarchy and encouraging even greater volumes of zaps) nostr:note1uzhdgd46d0h2f6ld7pz6855mv2ghht2xv2f0v9kzg89rrn2e9qwsqgyyn3

Keet

Do people really say “jag-wire?”

Remember that they are super leveraged on it. So if they exercise it, it probably means they would need to buy like $200 million in BTC. And they would still lose the $10 million in the option value itself. It wouldn’t change how much they lost, just whether they can exit broke by only losing the option value, or $200 million in debt 😅

I think you wouldn’t want the position to be so out of the money that you get called out of it almost immediately. If they are hedging a position they would far more likely be buying a lot of time and price gap, because you specifically want to protect against large, unpredictable moves over the period of your other position.

If you are buying something that’s literally right around the entry price (ie. $95K calls at a $97K price) that’s unlikely to last even a couple of days in either direction… very likely that it’s just someone gambling, imo.

Fold

It’s simpler than it might seem:

When you normally buy stock, you do so at today’s price, then you could sell it at tomorrow’s price right? You make or lose based on the difference.

A short, or a bet that it will fall, makes money because it’s actually an agreement to BUY it tomorrow, and a promise to sell it at today’s price. So if today’s price is $90 and tomorrow it’s $85, someone just agreed to buy at $90 what you can now buy for $85 (pocket the $5).

Now a typical option contract is a super exaggerated version of that. In the simple example above, you need $85 in order to make $5. And you could be on the hook for $90 or more. So what if you said, “let’s make that short bet, but I only want to put up $5 for the $90 price, so if it falls more than that $5, I get auto closed out of the trade and lose everything, but this way I can make that same $5 by only betting $5” - ie. He gets like 16X exaggerated gains or losses.

So in this case you do the same thing, but have a limit to the option that it can’t hit because you are betting on way more shares than you actually have the money for. So if you have that same $85 to bet in total, you could make $85 (or double your money) if it simply goes up to $90 (obviously assuming you bet that it goes up, a “call”). However you lose ALL of your $85 if it merely falls back down to $80.

This is how someone can bet $10 million on a “long” (i bet its gonna go up), at $97K, but then lose EVERYTHING if it just falls back down to $95K, because they thought they could MAKE $10 million if it only went up to $99K instead.

This is pretty simplified, but the gist of the idea.

TL;DR It’s basically just a hyper leveraged contract with very strict limits on what the price can do and how much time things have to happen in, meaning both your gains and your losses are insanely exaggerated. So you mostly either get rich, or get rekt.

It can hold dickbutt jpegs and lets you vote on Razzchain governance issues which lets you leverage your Razzies for double the Limecoin which you can trade for custodial WBTC which you can then spend wherever you like as long as you have enough ETH to pay for the gas.

This guy was trying to make $10 million in a few days or weeks, and it cost him &10 million that would’ve been $100 million in probably a handful of years if he had just put them in cold storage and focused on living life instead of gambling it away.

Fiat mind will make a fiat life, no matter how successful they are in the short run.

nostr:note12g7fsuv6frlv34hukjt9p2a9k722s7tqlcz7uzvpmftngr75tmrsklv2fj

Keet. There are other great ones too that focus less on the P2P aspect and more on privacy like Simplex, OxChat, Signal, etc. Crazy that I have a set of great options to pick from.

I feel like I spent a lot of my life looking for that place on the internet where I could really spend time with who I chose, I could send or receive money freely, where our networks were actually ours, where we could share files and media without censorship, and I could keep my entire digital life connected and accessible without some huge centralized corporation controlling or watching everything I did.

There were many attempts and half solutions along the way. They were all promising, but always failed to cross some critical barrier, or died due to lack of motivation or funding.

I feel like after all that time I have not only found it, but there are actually multiple solutions that genuinely work, all emerging at the same time.

• I live on a bitcoin standard, I can zap people whenever I want from my own personal node that’s currently 180 miles away and it’s as fast and responsive as any other app I use.

• I use a fully P2P and encrypted chat app more than basically any other for work and personal chat.

• I’m working on an application that will finally make sending and receiving files as simple, intuitive, and as private as it always should have been. And I’m really just building it for me.

• I spend most of my social time on #Nostr with no complicated setup or constant technical issues to fight with. Everyday it just works and I post my GMs for all the other autists to see.

• The UI and experience of these is basically what I would expect with most paid products today, in fact a lot of “traditional” products or those I pay for are annoying as shit.

• I own my profile and contact list.

• I have a stupid simple full backup of everything I’ve posted. The number of times I’ve been gatekept by a service or app I use so I couldn’t take my shit off of it is almost unbelievable.

• I can ⚡️zap people freely all day and I don’t even think about it. Nothing more than a tap and sats are delivered instantly.

• I use genuine digital, sound, global money without third parties, no inflation, no censorship, and that no state on earth controls. I jump over to a fiat integrated service built by bitcoiners just to get a debit card and be able to spend fiat during the month. The dollar system is literally just at the edge of my monetary world, it is no longer the center.

Things that I’ve wanted for most of my life are actually here and I’m actually using them. And on top of this, we’ve only really just begun to round the corners, simplify the onboarding, and unravel everything we can accomplish now that these tools exist for us.

And lastly, for the first time, it feels like I can’t be rugged from it all! There were so many promising options in the past that just got bought, repurposed, re-centralized, and “corporatized.” But it feels like the ecosystem now has too many open source tools, too much diversity, too many builders, more than I’ve seen with anything yet before it, such that it seems like that risk is more behind us than in front.

My son is gonna get to grow up in a better world, and it’s because of what everyone here has devoted themselves to and is building.

Time is a crazy thing. It always seemed like a distant dream back while I was discovering this entirely different vision of the future in the weird corners of the internet. I really only had my brother nostr:npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppj to share it with and make it feel like it was something that could be possible. That one day there’d be a huge community that wanted to build everything open source, open access, censorship resistant, decentralized, and private tools… I wondered if it was just me being naive, or if maybe one day people would start to see why it mattered and how great it could all be.

From the POV of that naive kid years ago, we are already here. And from the POV I have today, it’s going to get so much better.

This is what I’m thankful for. 🫡

GM

Sigh 😞

Absolutely. Would be an incredible detox

Focus isn’t just a skill; it’s a decision. A trade-off between dreams pursued and dreams left behind.

In this episode, I reflect on my journey, what’s changing, and the road ahead.

👇🏻

https://fountain.fm/episode/6rvwi3HErET4PHYhu3Ri

In other words, I’m making a meme and need material for it 🤣

lol the “TEDx (2x attendee)” got me 🤣

I've never had trouble with their support, personally. But yeah there's no escaping KYC. It's much better than your typical banking though because they don't have to run a credit check.

They've always just done the app as far as I know. Back when they only sold Starbucks gift cards they had a website up, but it didn't last very long. I don't really find it out of the ordinary personally.

He's got a point... just sayin.

😂 Can’t wait for this stupid company to go under. Can’t see how they financially survive another year at this rate

Actually he talks about exactly which trades are already out of steam and need just a little extra liquidity from super gullible people for large players to exit from. So they pay the “stock analysts” to bring attention to them, so when they dump there are enough last minute buyers to prevent significant change in the price.

The entire financial sector has always been a giant ecosystem of pump and dumpers. Crypto tokens weren’t anything new, it was just the logical conclusion of our messed up culture of finance.

It’s amazing what my brain tried to do with this given the assumption you implanted from the description 😂

Baby steps over long periods have always had the biggest returns in my experience.

None of the either/or dilemmas you’ve listed here are actually either/or dilemmas. They need to be for Monero to have a long term value proposition at all, but they aren’t.

And it’s NOT called Dr Ridiculous.

Bitcoin Audible is forever 🫡🔥 nostr:note1jcyu3pzc5gpj7s9es7ux6lnyph4d73lyhf4sxsdstu8wv4xue48qvqletj

I don't think a simple privacy protocol is enough to justify the value of an entirely separate money. The network effects and tendency toward consolidation in monetary networks is extraordinary.

I highly suspect the value of #Monero as measured in #Bitcoin will fall indefinitely. Maybe some of its network value will be sustained long term, kind of like Tor vs TCP/IP (open internet), but hard to say at this stage. Monetary transitions take a really long time.

I do stand by my comments that I think most of that community have cypherpunk values (rather than the outright stupid scams of the rest of "crypto"), and I think privacy is a very admirable value to be hyper focused on... but I genuinely don't think it keeps a separate monetary token alive on a long term time scale.

I think privacy will simply be a feature provided by many layers and networks that use BTC as their monetary base.

lol, I just don’t fixate on the guy on the positive or negative like so many do, imo. Everyone does the same thing with Trump. He’s not a savior nor a fascist reincarnation of the devil. He’s mostly just a doofus and doesn’t fall in line with the general establishment. Elon is in a similar spot, but i think there’s no arguing the guy is clearly competent and “autistic focused” on building stuff.

Except that it’s not true. The limitations of gold that led to its capture are not the same as those in Bitcoin. In fact, they scale in completely opposite ways. The higher the value transaction, the EASIER it is to settle, send globally, and sovereignly hold. This is the opposite for gold. Not to mention being digital.

In other words, gold HAD to scale to larger and larger more centralized custodians on an explicitly permissioned network. Bitcoin can scale and sustain much smaller ones on a completely permissionless and open network.

Whatever happened to gold that led to fiat, cannot even slightly happen the same way to Bitcoin, even without any change. There will undoubtedly be a “one step back” era of its maturation, but it will look nothing like the system we have come from.

I don’t own any MSTR and wasn’t advising it. I’m just talking about the nature of the “issuing debt to short the dollar and buy bitcoin” strategy.

?cid=9b38fe91ic42avt0qroabp7svgb8vbcdgbnbam12hu45whs5&ep=v1_gifs_search&rid=giphy.gif&ct=g

He also came to me in a dream.

Yo nostr:npub1l7eu9r8gdftxzh3xw0q5erjrnlprflyuw844szlnfy9f8dyd9ptsv458dl check this out nostr:note12ucwu7mhd3km8j9arlga6gld9y2yywg7txn39sqg2zjk5t72ap4sutpcep

I meant that's not a bad policy. I know the guys and so just trust them personally, but if you have no basis of them, their history, and what seems likely to you, then yeah that's a very prudent stance to have.

Same goes for all the software we use. In a very similar sense neither MacOS or Windows is open source. For Mac the kernel is open source because its based on Linux, but things like the user interface and graphics engine are closed source.

Jesus I was sharing a funny meme. Chill the fuck out

https://fountain.fm/episode/vribyl9OU4XnZxLQlkbn

Exactly, it's why they should've been paying WAY more attention to the S2GF model. It's never too late.

WHEN YOUR “CUSTOMERS” CANT REFUSE YOUR SERVICE THEN YOUR SERVICE WILL INVARIABLY SUCK DICK AND YOUR UX WILL BE AWFUL

Kind of both, but it was the former that sent down this thread.

You already [cut your losses] by buying 😘

#asknostr nostr:npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5g ping nostr:note10xq5860klcmwmhe0ax050rz496t0kh74j0zy25d4yf97lrdsxrfqc3mq5u