I bought bitcoin today 😁 I bought bitcoin yesterday, and the day before, and the day before, etc., but I bought today too. You should buy some bitcoin!
Coffee and sats… best way to start the day ☕️⚡️
The difference is Square is in use by 4 million merchants in the US alone. This roll out is enabled by default for all merchants, meaning customers can now spend bitcoin at 4 million new merchants without the merchant having to do anything at all.
If you fail to see the significance there then you’re blind.
By day I’m an enterprise systems integrations programmer, I’d be happy to help out in my free time!
The real point of spending your sats today is to drive and incentivize merchant adoption. We want to live in a bitcoin standard, but to get there we need merchant adoption. Right now Bitcoin is primarily an investment and store of value, and there is demand by merchants for it, so spending sats incentivizes merchants to adopt it as a means for them to grow their stack. But ultimately it leads to wider and wider adoption.
Adoption is a gradual process. Most people can’t live a Bitcoin standard yet. We are still very much in the “Bitcoin is an investment vehicle” phase of adoption.
Ultimately the goal is for it to be used just as money. First comes merchant adoption (as a means to stack sats), then hopefully employees will begin wanting their income as BTC, but before we get there, utilities, bills, taxes, etc gotta start accepting BTC too.
I’m hopeful though! I think we’ll get there eventually. And someday we’ll celebrate those who spent their sats early on to support merchant adoption similar to how we celebrate pizza day now.
They likely use multiple VPNs to distribute where the activity is originating from.
Good post making that distinction.
I recently got into solo mining with a bitaxe gamma. Ive been into bitcoin for years and thought I had a good understanding of how mining works, but getting your hands dirty really blasts away a lot of misconceptions.
I guess I never really had a good understanding of nonce and difficulty until now.
nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqfnwaehxw309ah8wcewwpexjmtpdshxuet59ashjan2d3jkjmrd0qcxzmphdge8qut5xg68zetyx9arwcfcwvmu86vm So it is lightning, then how is the auto convert managed?
Will square be doing auto-swaps to on-chain then converting to fiat?
Will fees related to fiat converting come out of the merchants end or will be person paying with bitcoin have to cover those fees?
How will converting to fiat impact merchants tax reporting? Will they now need to worry about capital gains/losses?
Are the transactions done over lightning or onchain?
Id guess there are a lot more square terminals than 16k.
At least in my neck of the woods in the US, nearly every local business is using square. Everyone from the vape store, to the donut shops.
We need professional shitposters on Nostr.
I want to endlessly doom scroll like on the other platforms
Self hosting has never been easier. nostr:nprofile1qqsyv47lazt9h6ycp2fsw270khje5egjgsrdkrupjg27u796g7f5k0spzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgwwaehxw309ahx7uewd3hkctc5nd6rp Hub + nostr:nprofile1qqsw5t3us9xs3gmclzjm37hvk2yy6pv9t96utjjttsj794hexc5x79qpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzemhxw309a6k6cnjv4kzumr0vdskcw358q6rselc8cu is just a magical combo.
Hello again Nostr. Which client do you use? Trying primal now
I’ve got 413k sats to open up a couple lightning channels. Any recommendations?
#lightning #node #operator #bitcoin
Good morning Nostr. I love you
Testing new client
Good morning #bitcoin #plebchain
No problem! I love conversations like these.
So the main problem is that if it’s on a per relay or client basis, the relays and the clients are incentivized to act as middlemen and have advertisers pay them instead of users. After all, running popular relays and developing / maintaining clients isn’t free.
There’s the idea that clients could still make money from advertisers by providing custom advertiser tailored clients.
But all that have stuff has been done with web2.0 social media and advertisers pay platforms not users.
So there has to be a better incentive to make sure advertisers want to pay users directly instead of the platform. I think the only way to do that is make the method that pays users have higher returns on engagement than normal engagement from platforms showing users ads.
If a user were more likely to click through an ad link, follow an account, repost something by being paid to see it first., advertisers might be more inclined. Micro-sponsorships!
Again this can apply to any account, not just traditional advertisers. This could work in the form of a special kind of DM or tagged post where the account sending the post would be required to send a zap along first in order for the receiving user to get it, like public DMs, this could be set on and off by users if they chose to have no ads.
That and those smart people have the right time preference! They’re in it for the long haul and and working hard on something they actually believe in, not just on something to make quick profit.
