Fun thought experiment: what would happen if everyone had access to the money printer?

Seems like the world has lost interest in the whole SBF/FTX "incident". They're going to do a "mistakes were made" thing and move on, aren't they?

#Nostrica 💜

It’s a glitch with DMs. You were tagged in tonight’s report and we were sending it via DM to check formatting. Since you’re tagged in the DM you get that weird message.

It's really impossible to predict because most of the supply that comes to meet demand is from existing bitcoin holders. At what price do they decide to exercise some of that bitcoin optionality?

If most hodlers decide that they're not selling any until at least $1m, the ratio might be much higher than 20:1. As each cycle passes, the conviction of hodlers increases & so does the number of hodlers with conviction. More sats become not for sale (at any price) as the sats get more evenly distributed.

Whoops I meant #[4]

“market cap to invested capital is not a 1:1 ratio.

Fundstrat did some research on this in the 2018 bull and found that the ratio of price increase to actual dollars added was closer to 20:1. IE 20$ of additional mkt cap for every 1$ invested in bitcoin (on average).” from @npub1x89n94f6mqgre90r9wv3vurnkzqgcw9397zz4yy4p8|n8mh7zkvq3esm56

Is there an equation that describes this? How much FIAT must flow into a system like Bitcoin to make the market cap to double, 10-, 20-fold? Or is that just impossible to count on?

Why does everybody assume BTC/USD = 1M means hyperinflation? It is really a reasonable price for the current dollar value.

The only other option would be to have human intervention to vet the pubkey, which sounds like a lot of work. This did make me think it's not very hard to pay for subs for other people.

Gifting someone's pubkey a subscription might even be fun and a way to greet new people on Nostr who come in with interesting content.

Funny you mention this we were just talking about how we could have a donation pool of some sort.

My idea was to use it for new users though. Some small % chance per pubkey that when you try to sign up for nostr.wine it tells you your invoice was paid by the donation pool. The % would increase as the pool balance increased.

We’ve been thinking about the best sustainable subscription model for filter.nostr.wine (and our other upcoming features + additional relays) while still keeping nostr.wine accessible with only a one-time payment.

Haven’t built anything yet, but here’s what we came up with:

- Same one-time admission fee for nostr.wine (18888) sats gets you write access to nostr.wine and 1 month of access to filter.nostr.wine (+ others)

- After the first month included, filter.nostr.wine will require an ongoing monthly fee (amount tbd). You will receive a DM with a link to add time to your account in advance of its expiration.

- On the website you will be able to choose the amount you want to pay (minimum 1 month fee). We will automatically convert this amount in to days of access.

- Purchases over 6 months will automatically have their time doubled (1 year+ is 50% off). Perhaps a lesser discount for 3+ months?

We are looking for feedback from the 🍷 squad. What do you think of this concept and what would you change?