Deflation when compared to fiat. Hypothetically, what happens if #BTC is the only currency? Would halving determine the new pricing of goods and services?
I was trying to visualize this in my mind.
For example, would a software subscription that has infinite quantity, stay the same or even decrease year on year or when the next halving happens?
When it comes to finite quantity items, such as rice, wheat or potatoes, since price has to be local and not global, what variables would be taken into consideration and by whom? In other words, someone has to determine and broadcast a base price for that region.
If I'm paying for a product with #sats #BTC does it change how much I pay since the value of btc is tied to fiat currency now?
In other words, would the price I pay for say, a software subscription stay the same irrespective of bitcoin price on the exchange?
#asknostr
I went and studied and got a better perspective on how it's not price action, but creating a new longest chain. Thank you :)
Is it good for day-to-day use like to talk to my family, for example?
To me it looks like #Bitcoin has been successfully hijacked by large institutions. They're pouring in billions to make money and it seems they've also perfected the art of manipulating the market. Who's to say they can't bring it down upon orders of the "deep state"?
If a public key can be found using a private key, is there a possibility that institutions with the best mathematicians cannot reverse engineer it and apply that as an algorithm depending on the type of encryption?
https://www.youtube.com/watch?v=1eEl1_M5_FE
This is a YouTube video link. Is there an SI that you're seeing that I'm not?
#Nostrasia I’m guessing..Great to see :)
The only reason govt has power is because it has monopoly over money. And they don’t want to lose this. If the power of money comes back to the people, the govt and all institutions will be held accountable for everything. I hope this get solved.
They are warning everyone that encryption will die on every platform if this is passed as a law. That means that any communication done via any platform should be un-encrypted by default or looks like someone (mostly the dev) should take accountability for un-encrypting it when any govt institution requires it, else it will not be usable in EU.
This is how I am reading her statement. I think we should support Signal in their fight against such insidious policies, because this will come to impact Nostr at some point.
Algorithms control everything including who gets a job, who gets paid, who can say what, and so on.
It has happened quickly, but people are waking up to this slowly.
Ideas like switching to a dumb phone, digital detox, mindfulness are good first steps towards this.
What’s the solution? Stop feeding the monsters with your content and your time.
#digitaldetox #mindfulness #dumbphone #bigtech
đź“ŁOfficial statement: the new EU chat controls proposal for mass scanning is the same old surveillance with new branding.
Whether you call it a backdoor, a front door, or “upload moderation” it undermines encryption & creates significant vulnerabilities
https://signal.org/blog/pdfs/upload-moderation.pdf
Terrible to see Govts and institutions putting resources and money and minds into breaking privacy of citizens instead of focusing on real crimes, terrorism and other threats that are right in front of their eyes.
To these people, I say - There are always going to be bad actors - so evolve your methodologies to catch them in the act and punish them instead of undermining everyone’s privacy in the hope that you will somehow “prevent” something even before it happens.
I'll check it out, thank you!
I'm a digital marketer by profession and also a content strategist/writer. I'd love to contribute to #bitcoin - I'd love to volunteer/help anyone who wants me to write for them. How do I start?
#asknostr
I'm using Signal on Android, and the only notification I get is "you may have new messages" and this is by default.
Why? Signal is in fact protesting against such regulations or policies that will undermine encryption and privacy.