"Most Americans who only understand the bare outlines of #Bitcoin approach it as an investment. For them, Bitcoin serves as an alternative to stocks or bonds that will provide them a yield for their savings. These people see Bitcoin as a vehicle to get more 'real money' at some point in the future. This outlook betrays a tremendous privilege for people who live with a financial infrastructure that works and under a government that (mostly) respects the rule of law and free speech.
But for most of the rest of the world, Bitcoin isn't an investment - it is the real money. Bitcoin represents a way to transact privately and to secure the fruits of one's labor without having to worry about the government seizing it directly or debasing it through uncontrollable inflation. Most of the world doesn't have the luxury of thinking about Bitcoin as an investment when they don't even have access to secure bank accounts and aren't allowed to invest in Western stock markets in the first place."
A Progressive's Case for Bitcoin (p. 122-123) by nostr:npub1dc84762hpnp0y4jcvjcgwt8l7sepng93j3hg63hfm80ph6kt82eqktjwqd
Everyone forgets the unretractable aspect after a while
Data Vending Machines
NIP-90に関連する（https://github.com/nostr-protocol/nips/pull/682）
This is the opinion piece on Justin Sun that CoinDesk recently retracted. Can’t tell if because of site formatting, but it does seem shoddily written. Which is a shame, because there are major questions that need answering.
https://biz.crast.net/justin-sun-the-next-do-kwon-or-sam-bankman-fried/
It’s funny looking at yourself in a mirror…because that’s not what you see at all
Who are your favorite Asia-based Bitcoiners or what are your favorite sources for information about #Bitcoin in Asia?
Hey nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg nostr:npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr I think there's a bug where everyone I follow shows the "follows you" label.
Got me real excited for a second 😅
How well you need to do vs inflation to maintain your desired lifestyle (excerpted from nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a's latest newsletter, linked below)
"-If someone wishes to buy finite things like prime real estate, fine art, bitcoin, or the leading tech monopoly stocks, their income and net worth better keep up with the growth of broad money supply.
-If someone wishes to own the median house, with a good healthcare plan and retirement savings, along with nutritionally-dense food and plenty of energy abundance, their income and net worth better surpass official CPI, even if it falls a bit short of broad money supply growth.
-If someone wishes to just get by, living in multifamily housing or with their relatives, with their time spent mainly in the virtual world with cheap mass-produced processed food and with cheap mass-produced consumer goods, then they can get by with less growth of income and net worth, in line with official CPI or lower."
I thought maybe it was something I said! 😄
Finally read nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe's book The Price of Tomorrow. Makes the case that while technology is deflationary, and we are seeing tech advance at an increasingly rapid clip, governments can't afford to let deflation set in because inflation is the only thing keeping them from defaulting on their debts, which are also growing at an increasingly rapid clip. Deflation could make things cheaper and more abundant, but we would need a new monetary system.
I'd always heard it discussed as a #Bitcoin book, so I was surprised that it's only mentioned in passing as a possible solution, but the book covers many other subjects to make the argument accessible to the layperson (like me). Hoping to lend it out to a lot of people in the coming months.
Jeff, I was wondering, is there anything you'd change or add to the book if you were writing it now?
New Arthur, 'nother banger.
"A Fed sanctioned economist publishing a paper on the Fed’s website just told you the future, are you fucking listening????!!!!"
The quote in question: 'Fiscal dominance leads governments to rely on inflation taxation by “printing money” (increasing the supply of non-interest-bearing government debt). To be specific, here is how I imagine this occurring: When the bond market begins to believe that government interest-bearing debt is beyond the ceiling of feasibility, the government’s next bond auction “fails” in the sense that the interest rate required by the market on the new bond offering is so high that the government withdraws the offering and turns to money printing as its alternative.'
Anyone coming to #nostrasia, hit me up!
New ECB report on micropayments mentions the Lightning Network.
But it also mentions IOTA's The Tangle...
And apparently, "financial institutions cannot mitigate risks in public DLTs where there is no central authority that is responsible, accountable and liable."
Ecstatic to announce I'll be launching a #Bitcoin podcast for CoinPost next month. If you're interested boosting adoption in Asia, I could really use your advice and support!
来月からコインポスト下でビットコインのポッドキャストを始めます！日本・アジアでビットコインの普及を促進したい方、お声がけ・ご支援をいただけたら幸いです！
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Xのアイコンが黒から割れてるガラスに変わって、ブラックミラーっぽい。
中身も一緒だけど。