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BoomTown
bd7e3102639e7ca349ef27e2210df6d02658e019a22ac65939c5e1adcce5db88
scarcity requires trade-offs.

I would say there is less signal on NOSTR in total and a whole lot more noise on a proportion basis. The noise is more enjoyable, sure, but there very rarely is a post here that makes me stop and really appreciate the work someone has put in to it.

Over on Twitter, there are a few of those a day. On NOSTR it is more like once a week.

That dynamic illustrates the importance of network effects.

Kill your ego. Adhere to the truth. nostr:note14kx8jrajm5tgw2szj2elxd8p3m40g82qsa54q4c8zvelkllqlx8q482g0s

nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle why no pressure on nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m for MSTR proof of reserves? Coinbase & Fidelity could be fractional reserving MicroStrategy’s bags.

Isn’t a killer feature of bitcoin that we don’t have to trust, we can verify? Why are the hardcore Bitcoin podcasters giving MSTR & Saylor a pass?

If they are custodying ALL the coins, it’s a genius move and the arbitrage is only closed when debt yields == Bitcoin’s annual price appreciation. Spoiler: that’s a very big gap.

MSTR needs to provide proof of reserves. Don’t let Coinbase fractional reserve the best business tactic potentially ever.

What is realized price here? How do you normalize it across cycles? By date? By block?

The ETFs sold all of 3000 bitcoin yesterday and Bitcoin’s purchasing fell $5000 but when MSTR buys 10000 bitcoin in a week (in addition to normal demand) the conversion rate does nothing?

I call bullshit.

https://imgflip.com/i/9gloa3 nostr:note1j4rda4a8kk8sjrtut2enpdw9qm2nhsss7yzzwq2ff54hc008xmqqdvlxac

I’ve lived in some terrible places. I understand what you’re saying. Poverty is real. Breaking out of poverty is hard.

Replying to Avatar wymike

nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs holding, thinking, working out. These cost nothing. Anyone can do them if they chose to.

Having kids, eating right. These are not without cost. The things on your list are no all equal.

If you want specific examples;

I could not afford to have more kids and continue to live where I do. For me this is more than difficult it is untenable.

I have traveled to places where the options that people have are eat what is available or don’t eat.

Seems like you’re prioritizing different things than what nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs is suggesting.

See, they’re hard.