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can’t say

You need to have Bitcoin already then. No tool for onboarding then. And since I setup my Phoenix a year ago I also didn’t even remember that I paid something. Maybe it would have been enough to send her a normal Bitcoin transaction and the opening fee would have been deducted? Not sure if the app told her that. When I asked for her address she sent me the node id from the settings screen at first.

Try to imagine you have an allergy and you get the same idea. Gluten is in everything nowadays, because it hides in sirup thats used as sweetener (when sugar is too expensive). Fructose is in everything because it’s in sugar. Sugar is in everything because it’s cheap calories. The rest is wheat flour. Apart from fresh vegetables and rice there’s little to find for me.

Replying to Avatar Wayne

- if this movement is about #freedomtech, and the ends > means, then let us be agnostic toward the devices that get us there. i'm a Bitcoiner because i think it's the most likely to succeed, but that has more to do with first mover advantage, network effect and momentum, than the tech itself. i don't necessarily want to be part of a club. the camaraderie in #btc is a wonderful thing, but it is secondary to my desire to smash tyrants; to be free and to live in a free world.

- im saying that to say this: i've been mixing my bitcoin into cold storage using #whirlpool for a about a week and i'm only about half way to the anon set i'd like to reach. it wasn't cheap either. i decided to download cake wallet and within an afternoon i had swapped in and out of #xmr for a fraction of the whirlpool fees. and the time invested is night and day. and time is money. this is one example of my larger point; are we missing opportunities because of a binary mind set (bitcoin vs shitcoin)? another example is the #lightning network. i run a node (poorlyi). it's a mystifying pain in the nuts, and i'm not a tech dummy. i've seen stories of devs giving up on it. i know others have pondered following suit. is #liquid less of a shitcoin than Monero?

- maybe our hot wallets are atomic swaps into shitcoins. bsv when you want to be accountable; xmr when you don't. or #ergo . why not? real question, i don't know shit, but i shouldn't be afraid to ask amongst adults.

- if #ln or #fedimints or #ark or some other L2 is able to scale to a worldwide p2p cash system then great. i'd prefer to keep it all in the family, but they seem way too complicated atm and let's not lose sight of the real goal with all of this. #winning

I gave away a little bitcoin to a friend and asked her to install phoenix.

She’s not technical but remote debugging didn’t get me closer to figure why it’s not possible to send her a lightning transaction.

I didn’t want to take chances and sent her wrapped BTC on Solana. I think it’s okay there until we meet again.

And frankly it’s like an ETF but better.

LFGDogeToTheMoon!!!

Just bought an ebook called Bitcoin Evangelism. I had no option to pay with Bitcoin. So I used a credit card as adapter to insert my sats.

Now I’m waiting for a SMS that contains information about how to get my ebook after the transaction gots cleared I suspect.

Feeling scammed already.

You can use decentralized exchanges where the one trade will pay funding while the other trade receives funding. You don’t get negative funding rates on binance and the like but on dydx or drift or even bitmex.

Replying to Avatar Mazin

Thanks for trying it out! Unfortunately Primal doesn’t yet support NIP-42 AUTH, but hopefully they will eventually. Is that a planned feature Mr Primal Sir nostr:npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr ?

The only client I can truly recommend to use with Creatr right now is Amethyst. The web clients don’t seem to handle single relay browsing + AUTH correctly either.

I hacked together an ugly “My Creatr” page on the site so you can see the content directly on the web but the idea is that any kind 1 client with AUTH should work…

Thanks for the reply.

Can’t post anything using primal app anymore. Lume on Mac is crashing the moment I submit a post. Damus is missing DMs in my inbox and fails to load 2/3 of the pictures in my feed.

Social media is too complicated for me.

I fell back to use Twitter and it started to trap me in a “proof you are human” crash loop and I totally deserve to be expelled.

Good to know! nostr:note140d7rdvfwntmrcgxhh4tz3rz0dm3j877lxvmuy3z6emsxynh699szaauqz

How much is 2% of all central bank reserves? Since they are the ones who move prices the easiest assumption to make would be to choose a number for free float available to central banks for purchase and set that equal to 2% of global reserves and extrapolate a target price.

A quick search car up with $44 trillions. That’s $882 billions that needs to be represented in Bitcoin holdings for central banks to meet that target in 2025. Let’s assume 20% of all Bitcoin are available for sale.

That means for CB to hold 2% on their balance sheet in BTC after buying all available float the market cap has to reach $4.4 trillion.

That’s 5x from here assuming no other buyers as a baseline estimate for 2025.

Maybe you can prevent spam with filters. But look at how well that works for protocols like Email or Twitter. Writing to Arweave would imply the same spam filter as Bitcoin uses: feel free to spam as long as you pay fees to miners for it.

Also everyone who uses nostr effectively creates a filter through which he views the global database by only pulling posts from people they follow. That’s pretty effective because it’s a web of trust and people are rewarded to interact with content, knowing to produce value for others.

But the real issue for centralization is that in an ideal world everyone would use the same nostr relay and be connected with everyone else.

Smaller relays only incur costs for their operators and they can’t build brands to monetize their services. I think.