certain notifications are more valuable than others, so no.

4 sats is a minuscule amount that is probably costing me more time to check than what that's worth in dollars.

in other words, it's wasting my time.

i don't disagree, but can i have a mortgage or car loan?

well, if you're a nerd like we are, yes, but i'm sure that traditional finance insiders can also see such info

the main reason you run a bank is to make money off credit. Bitcoin isn't a bank replacement.

they keep paying me 4 sats no matter what stupid thing i say so i'm considering a block

actual Bitcoin isn't attractive. you actually have to pay for it to get it.

#[0] are you a bot?

the holy grail is a decentralised network that you don't have to think about because it Just Works(TM).

people generally want stuff to be convenient.

i'm not here because Nostr is convenient, for example. takes far too much work set it up properly. and it causes my laptop to overheat.

if you're on Nostr, you're probably a nerd. much like if you're on fedi.

sure, but it's very inconvenient to keep wealth personally. i'd have to keep gold in my house or something. it's too complicated for most people.

well, buying Bitcoin from a site that claims to be your wallet doesn't require all that much technical knowledge, but you don't really own Bitcoin if you do that...

some Bitcoin exchange: *collapses because they screwed up investments*

Silicon Valley Bank: *collapses because they screwed up investments*

Bitcoin isn't better.

this is literally how traditional banks operate...

the exchanges that have been around for decades probably just made good investment decisions. i doubt that most exchanges are keeping all of the Bitcoin in a wallet. it makes sense to invest it, and tada, that's fractional reserve banking.

i don't see why you can't do fractional reserve banking with Bitcoin. FDIC can't insure it but you could still do it. you just have to tell customers they have X bitcoins. this is how several Bitcoin exchanges collapsed.

i can buy gold and that's people-controlled wealth. but how does this help me?

is money a whole lot of nonsense? yes.

is Bitcoin better? not really. it's just alternative nonsense.

my feeling about Bitcoiners who think it can replace a bank is that they're a bit young, inexperienced and naive about how the economic system works. you think an algorithm can replace a system that's been developed for hundreds of years. go look into how banking emerged historically and you'll understand why it's not sufficient to just have a system for valuable trinkets. the economy is credit-based.

"use savings instead of a loan" is a nice thought but most people aren't realistically saving much money.

also, suppose you're a business and you just got an order for 1 million gadgets and you can't pay your supplier for it unless you get a loan from the bank.

business banks will give a loan to pay for that sort of thing if you can prove that you can pay back later.