Avatar
Svoboda
cf3e65bc31d0c337a1b0194ab9a838630f3cd4234bc028da30287138832fbac0
Proud Sycamore alum, weightlifter, sports enthusiast, unapologetic pro wrestling fan, futurologist, and tech geek. All-Around Nerd. Bitcoin.

[August 8, 2024] #Vegas #Bitcoiners #Summerlin Meetup - 6:30pm at SG Bar - 9580 W Flamingo Rd

#Bitcoin2025Vegas, current hot topics in the #Bitcoin space, tasty $BTC dip recipes, etc. We talk all things #BTC -- Come make some new friends!

RSVP: https://www.meetup.com/vegasbitcoiners/events/302345808

Replying to Avatar BootyDust

TLDR; Japan fucked the market…

Everyone was facing inflation but one country… JAPAN.

This meant Japan was in stagflation, lowering rates, and actually had negative interest rates.

When interest rates go up in the US, it becomes attractive to buy US treasuries especially the 10yr.

People were getting loans in Japan at extremely low interest rates (call it in the 1%) and investing in Nvidia (example), making it an easy trade. Also to make it even juicier the Yen was going down in value so imagine this…

You take out a $100,000 loan (of Yen) that you have to pay back w/ 1.5%, you go invest in tech stocks/treasuries. Let’s say you make 5%, that’s $5,000 profit, bringing you to a total of $105,000. You only have to pay back $101,000 in Yen, but also the Yen has gone down 20% in value, meaning you only have to pay back $80,000 (in Yen). And people keep on adding for YEARS to these loans because it’s getting cheaper and cheaper and free profits.

Not to mention they are also using SOOO MUCH margin. So imagine this, they secure the 100k loan and get a 200k position, 100k margin in Nvidia.

But wait… Japan decides to raise rates which increases the value of the Yen while everyone else is cutting rates (or about to) which decreases the value of said currency

So Yen šŸ“ˆ everyone else šŸ“‰, this makes paying off loans even more difficult and this doesn’t include the margin call.

So now you have a 200k margin position on Nvidia, Nvidia is down 20%, so you’re down $40,000, on your position and get margin called. (More selling pressure)

Now you have to pay back an extra $40,000. Meaning your $100k of equity is now $60,000, and now bank of Japan is margin calling you because you only have 60k of the 100k owed, but also the Yen is up 10%, so you really owe 110,000 of Yen.

This is a super small example… it’s not 100,000, people think it’s 10trillion…

Primal web. I've tried to stop using social media on my phone.

#LasVegas #Bitcoin Happy Hour Tonight! You know the vibes or whatever it is that the cool kids say these days.

RSVP: https://www.meetup.com/vegasbitcoiners/events/302209993/

I know you think you're onto something here, but you're never getting tech articles back from a Bitcoin news search. News articles are always price or FUD focused.

See folks: It's #Bitcoin, not #crypto even when your name is Crypto.com.

https://x.com/VegasBitcoiners/status/1815380041150415096

Was tooling around in some vintage shops in Burbank and came across this tin. ā€œScientifically processedā€ had me chuckling. If they only knew just how processed our foods would get.

Replying to Avatar HoloKat

Here’s a preview of ā€œartstrā€ - working name..

I have other screens, but sharing what I linked together.

1. Focus on media (media-first)

2. Make it about the people, not nostr the tech, blossoms or payments (though everything will be powered by those things).

3. Discover new art and artists (promote new artists)

4. Home gallery - requires skin in the game to have you stuff shown here - maybe a nostr address qualifier with revocation for abuse.

5. You can upload anything you like, but gallery views will prioritize original art not generated stuff. People might sneak in too, but risk revocation of nostr address (a qualifier to be in the gallery).

6. Tagging of uploaded media as ā€œOriginalā€ or ā€œGeneratedā€. You must select one or the other. If tagged as Original, automatic barring from being used for AI training. This will be spelled out in terms of use. Violators can be held liable by the artist.

7. Generated art will not be subject to the above rule.

8. Emphasize sharing and bookmarking. This needs to work well, and we probably can’t use njump for this. Eventually users might be able to create collections and share their entire collections (maybe somehow zap split, not sure).

9. Zaps not visible unless the person adds a lightning address. Taking Signal’s approach here - focus on the purpose of the client, payments are secondary.

Selling art, collaborations, zap splits are all great ideas but too much for V1, or even V2, could be something for down the road.

I will review all of the other feedback that you guys left for me yesterday and categorize / design if applicable and doable.

I welcome further feedback / push back / criticisms, anything you want to throw at me.

#nostrdesign

https://cdn.satellite.earth/10b08acebc54e719e5a6c0ddcaaf0023d17207cd90617bc7f0dfd97daf8228c2.mov

Nice. Definitely needs a different name. If we ever want to get freshers into the Nostr ecosystem, apps need to stop being named adjective + str.

Most Bitcoiners I know do know about it but they consider it too one dimensional to move from Twitter. It would take a lot of the largely followed BTC folks to quit crossposting to get more to move. That is unlikely to happen since many of those opt in to X monetization and get paid by Elon.

Since Trump is apparently all ears on #Bitcoin, can someone get in his ear and talk to him about getting the IRS to remove the "taxable event" nonsense that prevents most from actually using it?