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[ARCHIVED] Jay
d7607464225c8ab610da99495bc70c8a3a45a03f8a22a95f06fcb5bc421e573a
NPUB MOVED ↪️ @npub10mtatsat7ph6rsq0w8u8npt8d86x4jfr2nqjnvld2439q6f8ugqq0x27hf
Replying to Avatar Pickle Dan 🥒

A lot of people talking about nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m. Want to give my perspective. Sure, I'm wrong...

Listening to him talk he's trying to grab as much #Bitcoin as possible. Development to the average user is not something he cares about. Slow development means more #Bitcoin to someone in his position with the ability for mass fiat influence such as stock.

He can afford more than most so change to the world isn't something he has to rush. That's wicked low-time preference.

Not saying it makes him good or bad. Just seems like his position compared to someone like me who would love it if we all dropped fiat tomorrow and we're using #Bitcoin in our day to day lives even if that meant it's harder to stack.

He's said explicitly that if you want to store your wealth in a digital asset, you want to make sure that asset does not change.

I don't know what beef ODELL has with Saylor vs. the ETFs and open source development. No receipts. No proof. Basically fake news until proven otherwise.

What do we do with this information? Run a node. Convert fiat to Bitcoin. Move that Bitcoin to cold storage you verify with your own node. That's how you play a part in making sure the thing you hold doesn't suddenly change and become worthless.

Replying to Avatar Leathermint

That's the debate of "1 node 1 vote"

A Bitcoin node does not need to trust any other node, and is self sufficient. But it is true that not everyone runs their own node, and those people explicitly trust someone else's node. Does the node that more people trust have more economic weight than my node, which only I trust?

Arguably yes, because that is what effectively caused the main Ethereum chain to split from the network, leaving Ethereum Classic behind. More economic weight moved to the hard forked chain than remained on the original one.

Conversely, Bitcoin Cash split from Bitcoin, but did not have enough economic weight in its nodes to survive. Now both Ethereum Classic and Bitcoin Cash flounder in comparison to their dominant forks.

ODELL is convinced that Saylor explicitly blocked an ETF custodian from supporting open source devs. No evidence was given, but he said it very clearly.

You can send sats to a Bitcoin address, but make sure you send a lot. Bitcoin on chain may require high fees to move again, and if you send too few sats on chain, they can get devoured by the fee.

At least 1M sats in a utxo is a safe amount.

1 BTC = 100,000,000 SATS

To convert Bitcoin to Sats, multiply by 10⁸.

To convert Sats to Bitcoin, divide by 10⁸.

It's like converting cents to dollars.

I have never heard the term.

But maybe it's an actor who has many high value connections with other smaller actors. For example, I'd say the US Federal Reserve is the heaviest heavy economic node today because it has a direct connection to anyone on the planet who interacts with the dollar, which is everyone.

Humans actively prey on other humans. Not for flesh, but for power.

And storytellers are humankind's apex predator.

Tbh, I have not seen Swan or most Swan-sponsored influencers on Nostr, and that's a red flag for me.

I have not seen Saylor on Nostr posting anything besides his reposted AI art, and that's probably a bot. And his nip05 recently became invalid.

If Nostr is my web of trust, they're not on it.