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Mucky the Moose
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I am Mucky.

Very true. If you have to sell bitcoin, you needed to keep a larger % of your savings in cash.

Keep BTC reserves for at least 4 years (preferably 10) ... Over any 4+ year period BTC always went up... usually a lot.

Every business is different... your cash to BTC ratio will vary.

We know about the transaction fees paid when debit and credit cards are used... But the US government is stealing 6-8% of the value of your cash each year.

... as long as you do not hold your cash longer than a month, I suppose you could say that you 'retain 100% of its value' ... but if you hold cash long term the value melts away. The government guarantees that you slowly lose value, while keeping you focused on those evil bank fees. (...which are a lot less evil than the government.)

yep. Not a bad idea to appear to big-brother to be a rule follower, even if you have an interest in the subversive bitcoin-thing.

BUT... you gotta be sure to keep the KYC and non-KYC stack entirely separate. If you cannot do this, 100%, then your non-KYC stack will become exposed (tied to your identity) and all of your non-KYC efforts will be wasted. (except for stacking... that is never wasted.) ... and you may have to pay penalties for any non-KYC gains which are now exposed.

i.e. a good idea, but start small, keep it simple, and make sure you can keep it isolated.

you say that now... because you have a choice now...

Once nostr becomes the defacto social platform companies will not have a choice but to use it.

Scarcity in block space is desirable also. Competition for block space keeps fees up, which will replace the subsidy over time, keeping the mining incentive healthy.

Scarcity in storage space (i.e. my ability to keep a copy of the block chain on inexpensive hardware) is already here ... some people struggle to set up a node for financial reasons. The fewer people can financially run a node, the more centralized the network becomes.

Cheap transactions should rise to Level 2, 3, and eventually 4 as each level becomes overburdened. This evolution is natural, expected, and desired. ... Assuming you want bitcoin/Bitcoin to expand to serve as the global currency.

of course... dick safety is the foundation of Maslow's hierarchy!

Only that in the US you can label it EVOO when it is 30% seed oil.

Otherwise it is wonderful!

Replying to Avatar HoloKat

Next? Let me tell you what’s next…

Next, you’ll start speaking nerd, npubs, nsec, NIPS. Your friends won’t know wth you’re saying and you’ll love it.

Then, you’ll grow addicted and spend every waking minute of your time checking what’s new.

After that, you’ll switch to an all-meat diet and avoid cooking oils like the plague.

You’ll start seeing the world in a different light. Things that seemed natural will beg questioning.

I wish I could say it’ll be all uphill, but it won’t. You’ll start questioning your reality and wonder if you’re getting sucked into a cult.

Your friends will certainly think you’re in on.

Maybe you are?

You’ll start feeling depressed if you ever were. Without algos you won’t find rage-inducing content to make you pay attention to the next important thing.

You’ll find yourself more relaxed, at home, with a bunch of friends.

The other social media will start looking like pure chaos and absurdity.

You’ll wonder why it took you so long to realize that everyone is being played and that there’s a way out - Nostr.

You’ll start wanting to zap everything and everyone. It’ll feel weird not being able to zap a kind act, an article you found useful that’s outside the nostr protocol. You’ll wonder how the world could have existed for so long without zaps.

OR… maybe you’ll just shitpost and be happy 🤷‍♂️

In any case, welcome!

But ... all of that, will probably be the best thing that ever happened to you. :-)