Bitcoin is a global digital Salt March to the sea of Digital Capital. Those who fail to lead will follow.
GM
stay stoic
stack sats
this too shall pass
#bitcoin
#nostr
I have read and studied some of the work of John Nash. I personally think that an immutable public ledger is more important for transforming the incentive structure of society and forcing a global "truth" and re-aligning incentives. The incorporation of timestamping into proof of work alone creates a new global unified measure of time that has value in and of itself for providing a credible proof-of-existence for anything we want to inscribe into the blockchain... like the hash of a document so that we can prove it hasn't been modified in the future.
If we're speaking solely on the function of money being anonymous cash then yes I agree Monero is superior to Bitcoin, as of right now.... But technology usually scales in layers and I see Bitcoin as providing the foundation for an entirely new world. I believe it is a forcing function on society. I don't think that Monero has the same promise for inflicting social change because it doesn't have the same incentives for global mass adoption.
Monero won't be the foundation of the world economy because people won't trust it... But Bitcoin's transparency and open nature inspires more trust, I believe. The fact that plebs are dropping out of well paid coding careers and hedge funds and wall street to help further the mission of Bitcoin is confirmation of this, for me.
"The system" is far more likely to be co-opted by Bitcoin than Bitcoin is to be co-opted by "the system", in my mind. I don't see a realistic path for Monero to become a globally accepted money due to political and geopolitical forces.
Yeah, it's helpful for many use cases, but are normies going to onboard to Monero? I don't see a high enough probability that happens for me to care much. I want global change that persists, not a safe space for me to hide in and transact with my shadowy friends outside the system.
to navigate politics and business, bankruptcy, legal battles, etc it takes some degree of intelligence.
A lot of #Bitcoiners went through a #shitcoin phase before understanding the absolutely mind-shattering #consciousness-bending mathematical Marvel that is absolute #scarcity, and it's potentially catastrophic game theoretic imposition into global #markets.
Many people are afraid of adversarial thinking, lack knowledge of how markets price, do not understand #cryptography or it's power and significance to all of our modern infrastructure, cannot fathom anything but #currency as money, lack the knowledge of the last sixteen years of Bitcoin's journey, don't see #Bitcoin as money, think Bitcoin can't be currency, and believe that it will fail.
But you know better. That's why you're buying the top forever. You recognize there is one global energy currency that can't be co-opted easily... and that everything else "crypto" isn't worth your time. And that's fantastic.
However, The President of the United States is in a shitcoin phase. He is obviously highly intelligent, else he would not be where he is. I think that people have a duty, especially if they have intimate access with this man, to try to help him understand the precipice upon which we now stand.
#America can claim the Second Great American Revolution for itself and the world, and lead us to a kardashev type 1 civilization. We can change history. We can liberate the masses. We can bring a global mutual sum game to the default "Norm" of civilization's base layer, replacing a long-forsaken system built on theft and extortion, catapulting us into a new age of #prosperity that is mutually guaranteed due to aligned incentives.
We can also watch in horror as grifters and rent seekers try to muddy the waters. If we establish a United States shitcoin Reserve, and allow unregistered securities operators to rug pull the United States economy, it could be devastating for most people And create a very slippery slope to degenerate things that I'd rather not even consider. I'd like to think that we're better than this. I'd like to think that we can take this opportunity that Satoshi gave us, and make the world a better place.
And I hope you do too.
Thanks to people like
nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle
nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc
nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
and countless unnamed, I found my way out of the shitcoin waters years ago.
I hope that together, as a community, everyone who sees the #radical potential of Bitcoin to change the world away from evil and towards the forces of #good... don't let that fire burn out. We must carry and wave this torch and light the way such that generations yet to come retain their Liberty. It is a call larger than any one of us.
May you heed it with grace.
Tempora mutantur.
#nostr
#bitcoin
#revolution
The monero crowd never misses an opportunity to point out monero functions as an excellent anon MoE... but the scarcity model of BTC and game theoretic dynamics of markets leaves room for only one King.
GM
We could have "Bitcoin is a commodity and everything else is unregistered securities, Bitcoin is the new backing for the global financial system" but instead we got a grifty shitcoiner.
I hate to say it, but Trump is the next #hawk tuah.
#nostr
#bitcoin
nostr:note140w4x3nstw93q3j6c6lyyuqapu6z7ed6ae2t68hdndq2r6alurmqmtk5mw
Grok is the only reason I still use X and pay for premium.
Does anyone have recommendations for a comparable, preferably free or under $15/mo option one might use if they wanted to divest from X?
Thanks for any suggestions 🙏
#nostr
#ai
#machinelearning
#bitcoin adjacent
Maybe, and perhaps it just takes time to build a complex adaptive system to overthrow the current monetary order. Bitcoin is the base layer of the future, and I believe its value will continue to reflect that fact through relentless appreciation.
A free world needs private money. Period.
The entire financial system we have today is permission-based, censorable, and has many single points of failure. In other words, it is built upon trust (which can be betrayed).
Bitcoin provides a permission-less parallel system for any individual to build on top of, and Bitcoiners are making privacy in the digital age a reality. Cashu (currently being built on top of the Bitcoin blockchain, and inter-operable with the Bitcoin Lightning network) is one of the most consequential technological developments of my lifetime.
The revolution that is currently taking place thanks to Bitcoin is only possible because of over 40 years of brave individuals that believed in building freedom tools without permission even in the face of adversity.
David Chaum is often celebrated as a pioneer in the realm of digital privacy, particularly through his invention of "blind signatures" in the 1980s. His work laid the groundwork for digital cash systems that could offer the privacy of physical currency. Chaum's concept of Chaumian mints was designed to allow for anonymous transactions where the identity of the payer is concealed from the issuer of the digital currency. This idea materialized into the eCash system through his company DigiCash, although it struggled with market adoption due to its centralized nature and the technological limitations of the time.
In the 1990s, David Chaum's vision of Chaumian e-cash came close to becoming a widespread reality, particularly through his company DigiCash, which introduced eCash. The system was designed to mimic physical cash's privacy and security features, using cryptographic protocols like blind signatures to ensure anonymity in transactions.
One of the most promising opportunities for eCash was a potential partnership with Microsoft. Bill Gates expressed interest in integrating eCash into every copy of Windows 95, which could have dramatically increased its adoption. Microsoft reportedly offered around $100 million for the technology, an offer that, if accepted, could have made eCash a standard digital payment method across a vast user base.
However, the deal fell through because Chaum demanded $1 or $2 per sold copy of Windows 95, a condition Microsoft found too costly. This negotiation breakdown was a significant blow to eCash's prospects, as integration with Windows 95 could have provided the infrastructure and user base necessary for mainstream acceptance.
Despite this and other potential partnerships with banks and companies like Visa and Netscape, DigiCash failed to secure the necessary traction. The absence of widespread merchant adoption and consumer usage, combined with Chaum's insistence on maintaining high privacy standards which might have limited commercial appeal, led to DigiCash's eventual bankruptcy in 1998. While Chaumian e-cash was previously on the brink of becoming a reality, the Microsoft partnership's failure was a critical juncture that significantly impacted its potential success in the 1990s.
Today, Chaum's vision is being revitalized within the Bitcoin ecosystem through innovative projects like Cashu and Fedi. Cashu implements Chaumian e-cash on top of Bitcoin, using the Lightning Network for transactions. It enables users to transact with digital tokens that are backed by Bitcoin but maintain user privacy through blind signatures. Unlike traditional banking, where transactions can be traced, Cashu allows for mints to be run by anyone, ensuring no single entity controls the flow of money, thus preserving the privacy and immediacy of physical cash in a digital form.
Meanwhile, Fedi leverages the Fedimint protocol to create a federated system of Chaumian mints, where a group of "Guardians" collectively manage the mint. This approach offers a community-based custody solution for Bitcoin, blending privacy with a form of decentralized governance. By using multi-signature wallets controlled by a federation, Fedimint reduces reliance on a single authority, enhancing security and privacy. Both Cashu and Fedi/Fedimint are bringing Chaum's dream of private, scalable digital cash into the modern era, integrating it with Bitcoin's blockchain technology to offer users the control, privacy, and accessibility akin to handling physical cash.
Big thanks to nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcpzemhxue69uhks6tnwshxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctcpremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59uq36amnwvaz7tmwdaehgu3wvf5hgcm0d9hx2u3wwdhkx6tpdshszyrhwden5te0dehhxarj9ekk7mf0qy2hwumn8ghj7mn0wd68ytn00p68ytnyv4mz7qghwaehxw309aex2mrp0yhrq7rrdpshgtnrdakj7qg4waehxw309aex2mrp0yhxgctdw4eju6t09uq3wamnwvaz7tmjv4kxz7fwdehhxarj9e3xzmny9uq3wamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet59uq3samnwvaz7tmjv4kxz7fwwd5kzmtnw3ezucm0d5hszxthwden5te0wfjkccte9eekummjwsh8xmmrd9skctcppemhxue69uhhjctzw5hx6ef0qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6cczutgzr `and nostr:nprofile1qy0hwumn8ghj7cnfw33k76twd4shs6tdv9kxjum5wvhx7mnvd9hx2qg4waehxw309ajkgetw9ehx7um5wghxcctwvsqs6amnwvaz7tmwdaejumr0dsq3gamnwvaz7tmwdaehgu3wdau8gu3wv3jhvqgmwaehxw309aex2mrp0yhxy6t5vdhkjmnsv9exktnrdaksz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyt8wumn8ghj7un9d3shjtnnw3hkuetj9e3k7mgqyprj73q098hejm5j5xrt35eqluvqep2eqwyzukw4phsm302kdycpuc8s2gj for all the work they're doing to make anonymous digital cash a reality.
GN
tomorrow we march on.
#banksy
#bitcoin
#art
#revolution
You continue to be an inspiration every day. Thanks for your work, Jeff. Do you have any good resources like basic slideshows or something for someone wanting to do community education projects? I want to try to get an educational community Bitcoiners group going but don't have a ton of time to develop resources. I can talk bitcoin and Austrian economics for days, but wondering if anyone has put together some good bullet points in a logical order for people new to BTC.
Well articulated... how are NPCs formed?
similar to mass formation psychosis in many ways.
nostr:note10nwm4ghvh59rp5xcswqzftee9mf5zqqx0yelu6sdncva9c3srlaspjpn09
welcome to nostr. there's some really cool tools you can explore at https://zapstore.dev/
At some point I decided that being an anonymous hodler wasn't enough.
I feel a responsibility to connect with good people in my community and try to ever so slightly nudge them towards #Freedom.
I feel the responsibility to attempt to build a #Bitcoin community where I live, inspire others to learn about it, and help prepare future generations for what is yet to come.
I feel a responsibility to remind people how awesome #nostr is even though none of them give a shit, or have the slightest idea what private key cryptography is.. yet.
I decided being an anonymous hodler wasn't good enough.
So I planted 140x40-ft garden, with the dream that I could supply nutritious chemical free food to my community. The test garden was an absolute success.
A few months later, and now my wife and I have a business plan written. Yesterday, I decided which seeds to sow.
A few minutes ago, I mulched my shallots and garlic with 3 in of dry leaves because we're supposed to get half a foot of snow tomorrow.
In a few days, we'll be talking to the county extension office about grants available for new farms.
In a few weeks we'll be establishing an LLC.
In a few months I'll be selling heritage and heirloom varieties of common vegetables, flowers , wildcrafted teas, foraged mushrooms, and more to my neighbors... and I'll have a sign that says Bitcoin preferred at the front of my farmstand. And I'll put my face behind it. And my name. And I'll be proud of it.
And that's why I decided to dox myself, and let my identity be more than just "being an anonymous Bitcoiner".
I am helping build the future.
#bitcoin
#proofofwork
#photography
#farmstr
It is officially cold.
Lake James hath Frozen over.
#farmstr
#photography
#nostr
I just moved my life's savings at 5:30pm on a Tuesday without leaving my bedroom, and it cost me the equivalent of 81 cents in fiat dollar cuckbucks.
#bitcoin
#gfy
bye ledger , hello Q
nostr:npub12ctjk5lhxp6sks8x83gpk9sx3hvk5fz70uz4ze6uplkfs9lwjmsq2rc5ky
I have been putting this off for about a month.
Today, I finally got around to setting up my fully airgapped Coldcard Q with Sparrow wallet. I have been dragging my feet on ditching Ledger for too long.
There is something about sending a large transaction that always makes me feel like I'm going to have a panic attack. Probably has something to do with the Bitcoin I lost in the past, before software or hardware wallets were thing... which is orders of magnitude more than I now hold.
It feels good to know that my private key will never touch the internet.
#soverign
#bitcoin
#pleb
