🩵Good Morning #nostr

Vanilla Babe 🫶🏻😘

#gm #plebchain #grownostr #foodstr #coffeechain #ootd ✌︎࿎

Let’s spread some of those infections positive nostr vibes to the other platforms 💪 🚀 nostr:note1ejwp9ryculyzt65jvracdp9wewcj70afurzzyath8f6rv2kswsxszqq9r0

You wouldn't relay a nut

(Except if you don't know what's happening because it's encrypted and there are tens of thousands of other users sending DMs between each other being the perfect noise level for a few nuts to be sent around on a relay).

nostr:note1wrsks4u7laxdmeucjedyw9tq7ltkk2efm848wr63ajkwkz4zwn4sr0w084

A very dear family friend works for a private equity firm, and she told me yesterday that they’re looking at investing with their first “blockchain” (😬) startup.

The startup is (apparently) still a nascent idea, so it’s not too late. The founder is (allegedly) an intelligent, good-hearted dude, who wants to democratize VC investment using blockchain tokens. Neither seems to really get the difference between Bitcoin and crypto yet…

Needless to say, I hope to steer them in the right direction. I’m trying to strike a balance between being clearly anti-shitcoin while also delivering an accessible message that alienate myself as an advisor in future. (For example, idgaf about inscriptions, but if it keeps this guy from building a crypto business and instead focusing/learning Bitcoin, then it’s a start).

If anyone has feedback on what I’m going to tell her, I’d appreciate it 🙏🫂🫡

—

Hey [redacted], loved connecting with you yesterday. It’s been too long. One thing I meant to mention, since you said you were speaking with [redacted] about his upcoming crypto project/ideas:

So I’m not sure how much he’s done already, but it sounds like he’s still in a planning stage. I wanted to suggest he may want to look into building his token technology *on* Bitcoin, rather than creating a new blockchain from scratch (or using another crypto platform). There are many reasons, but primarily:

Bitcoin’s existing global adoption and network effects mean a much easier go-to-market for a new business built on the tech; it has already demonstrated for 15 years that it’s resilient, has a valid use case, consistent demand, and cyclical (but always higher) all-time-highs, with a total addressable market of 8 billion people. It commands a respect that’s hard to beat, with a global community of cheerleaders for anyone who contributes to its development and expansion.

Bitcoin’s legit decentralization - thousands of noderunners throughout the world - leads to impressive security and censorship resistance (whereas most blockchains that are ultimately run by a company have a central point of failure, while spending a lot of ad $$ on keywords like “decentralized” and “web3”). An enormous number of world-class developers have reviewed Bitcoin’s code - more than any other crypto project, and more than most FOSS projects in general!

Recent developments (something called Inscriptions) have made it much easier to build programmatic contracts and tokens on top of the Bitcoin blockchain, thereby making obsolete many of the other chains like ethereum (many of which were built to do things that Bitcoin “couldn’t”, but they had to sacrifice the security, decentralization, and hard-money-qualities that make Bitcoin valuable in the first place).

There’s also a proposed change called “covenants” which will give additional flexibility to developers building tokens, tech, and other assets on Bitcoin. Once this change goes through, it’s expected that a lot of the money and human capital from other crypto will migrate to Bitcoin (again because of its network effects, proven reliability, etc). Bitcoin is already beginning to eat traditional asset classes, especially with the advent of ETFs, and it will likely absorb more of crypto’s capital, as well.

Anyway, these are “my two cents”, but whatever the direction, I’m curious and excited to see what he ends up building!

—

me and Casey sending everyone in #Bitcoin ❤️ from BitcoinConfAsia

I accidentally zapped myself.