Don't look up. Worth watching?

Proof-of-work is a beautiful thing, isn't it? You look at the outcome, and it's immediately obvious what went in. There is no hiding it, no faking it, no way around of actually doing the work. Like a beautiful marble statue. Or a chiseled body after years of working out. The work that went in is immediately obvious at a glance. Hard work. Energy. Scarcity. Related, distinct, and united in #Bitcoin.

„An object that is not in short supply is not an economic good; no prices are asked for it or paid for it. As money must necessarily be an economic good, the notion of a money that would not be scarce is absurd.“

—

Ludwig von Mises

Chat gpt only works for stupid people or those who can offload tasks to it

Two Rules for hodling (non negotiable)

1. Commit to discomfort

2. Commit to consistency

Controversial view:

I prefer not to use #onlyzaps

I use likes to show that I agree with a view (e.g. „there is no second best“) or to appreciate an action (e.g. „I sold all my shitcoins“), but since it provides me no value, I don’t see the point in zapping these notes. However, I like that I can still show my appreciation with a like.

If a note makes me laugh/think or provides me valuable information I prefer zapping and reposting for visibility.

They could always do that from day one. They could flood the network with small, useless transactions that they over-pay for in terms of fees, just to drive fees up.

They’d have to keep printing money to do it. They would draw attention to bitcoin via the Streisand Effect.

Bitcoin miners would make an absolute killing. Layer-2 development and adoption would likely accelerate (it already did a bit this last week). The network would suck for small transactions for a while.

What if we abstracted it a layer further and just had the relays pay for the stories and then we pay the relay. Then we never have to even think about it and you just subscribe to the relays with the best aggregated shit and boom you automatically see all the good stories without doing any mental accounting.

Your application (client) fetches all posts from the people that you follow from all relays that you are connected to and displays them sorted by time, recent on top. This is the default.

Now some clients are getting smarter and sorting e.g. by the count of sats a post receives. And some clients will do additional fetching to get more context, etc.

It's evolving quickly, but ultimately you have freedom to choose the client and relays - and those can make some choices for you.

#Nostr

"Any place that we love becomes our world." ~ Oscar Wilde

#Bitcoin #Nostr

Finished „When Money Dies“ on Sunday and now 300 pages into The Mandibles. Funny how these two books are very similar. One is a nonfiction book about the past, one is a novel which takes place in the future, but how the every day life of the people is described is pretty much the same.

Finished „When Money Dies“ on Sunday and now 300 pages into The Mandibles. Funny how these two books are very similar. One is a nonfiction book about the past, one is a novel which takes place in the future, but how the every day life of the people is described is pretty much the same.

Well worth a read in my opinion:

Medici Money

(Banking, Metaphysics and Art in the Fifteenth-Century Florence)

- by Tim Parks

Topics include:

- family empire

- politics of city, state and church

- intersection: money, power, democracy

- banking and trade

- two currency system

- currency devaluation

It is so weird to me how much of what is written in this book and happened approx. 550years ago resembles some events today.

The question is:

Is the future gonna resemble this kind of events in a potentially hyperbitcoinized world or are they prevented by it?

Also use a Yubikey with it.