In theory it's good for spam prevention. Publishing a normal amount of notes is not computationally expensive but spamming is. However, I don't see the point if you can set it yourself?

Proof of Work, what is that?

NoStrudel says under Settings: How much Proof of work to mine when writing notes.

But I do not understand what it is, how it works, where it is good for?

#asknostr #nostr

Happy 6102 day plebs! No-KYC #bitcoin in cold storage is the antidote to a 6102 rugpull by any government.

Use the tools. KYC is the illicit activity.

What you say makes sense.

Do you also see the possibility that game theory will make 'zero KYC' options an attractive offering both for individual companies/merchants and for jurisdictions?

All one needs to do is to break the seal and recruit first followers like Sampson Maow (sp). is trying to do.

Do you think that will be less of an immediate issue if people use appropriate privacy tools to protect the status of the rest of their stack?

Thinking words are arbitrary is like thinking money is arbitrary, like we could just create a language via fiat and if people agreed it would work.

Maybe that’s the fundamental bankruptcy of wokeness.

Heard on the 'nets today:

"Bitcoin would be a more trustworthy currency if the code were frozen forever.

I do not have the time and attention to verify that all the things the devs are doing are acceptable. They need to serve my interests first."

What say you? #asknostr

FIAT money is debt. People font realize it because they killed the gold standard with x amount of USD floating around that was gold backed.

If they didn't have that there would be 0 USD until the US government issued a treasure bond and the Fed created the money out of thin air to buy it. Then the money would trickles out to the public via government spending. As the bond is paid off the money no longer exists. Proof.

Some of that money would make it into banks that with debt can also create money out of thin air. If $100,000 gets deposited into a bank the bank can loan out $90,000 to Joe Bob. Joe Bob buys said house and bank now has promisary note for $90,000 plus interest and can count that as an asset. Bobby Joe now comes in and wants to buy a house. Keul, here is the money that you need for your house the Fed gave it to use based on our collateral. That new money is debt and also came from no where.

So to confuse monetary wealth with debt in the current fucked up system we have is not really confusing things at all. The world currently runs on FIAT, wealth is currently denominated in terms of FIAT value for the vast majority of humans and all FIAT denomination is lnbc110n1pnqxhl2pp5zs4jrc54lg83dh0lwhx7mss953ckzhx08dvj76hkddz2mc0ceqwqhp58zwc7x7q7r4uxcp4d2cuw3m72wxyvzwfqjxq7epvgt9hy5mfs8gscqzzsxqyz5vqsp5hvqnw7lekjaulc3tsxyxzfkpd9cemadxa4xk2tuyvqyjdx4zt7nq9qyyssqxxgesyxrzancwdvh6r9swgt9vaagya7wryek463alp9uxy5s86w5qvk2ml6nrum4qr998vru0khn49j6zk5uj5l7tnx83alcxqw9kgqpyx42x2 debt.

Cashu is the shittiest solution to scaling. You can get rugged at any moment.

We are still in the innovator phase. Bitcoin hasn't begun it meteoric rise yet.

As for money owed by every single person and country in the world, the grand total is $215 trillion, with some 33% of it borrowed in the last decade.

Bitcoin is worth 1.38 trillion.

1.38/215= .00641

We are at .641% adoption.

Big moves ahead.

I started a prediction 303 days ago that I’m eager to see take shape. I believe diminishing returns will be invalidated this cycle.

I believe that we are too early in #Bitcoin to see it. So early that what has seemed to be diminishing returns will turn out to be the small group of retail who were intelligent enough to stack and hodl without institutional endorsement reaching its saturation point.

I don’t believe these individuals are done stacking, rather they have increased their exposure significantly and need to generate more fiat/value to get more #BTC.

I believe the people who have reached their saturation point when it comes to #Bitcoin is less than a percentage of the global population. Most people who hold #Bitcoin don’t have a majority of their wealth in it and will probably sell before that changes.

However, the tables are turning and it’s becoming more and more socially acceptable to have increasing exposure to #BTC. (Not that it made a difference to us in the first place)

My current prediction that I’m sticking with and am curious to find the real number is a 14.1x from halving to a year after halving.

I’m not predicting the peak just what I expect to see if my thesis is correct. It’s basically my fasten seatbelt sign. It’s my winter ISN’T coming sign.

I think supercyclors were a cycle early, we didn’t have the demand, but now? Oh baby!

Imagine the Gold ETF if supply was truly fixed and predictable… if that lasted a decade, then #Bitcoin’s rise could last well beyond 2140.

With current prices my prediction would be $985k+, but I’m waiting until the exact point of halving to get my real number.

Surprisingly, this isn’t the most bullish prediction, and I wouldn’t be surprised if it’s too bearish. We will hit supply shocks that will boost demand and snowball into something never witnessed before.

Absolute scarcity is still a brand spanking new phenomenon to experience. We know closer to nothing than something about it and this will become blatant as time progresses.

Post-halving, will you change your default zap amount?

A) Cut default zap by half.

B) No change to default zap.

C) What's the halving?

Nostr is a natural extension of the idea that we can build better institutions without trusted third parties.

Bitcoin doesn't care what religion you are, what race you are, or even what species you are. You can be a fucking toaster, and if you can connect to the internet and make a Bitcoin transaction, you can use Bitcoin.