Horseshit. Respectfully. Can I mention the elephant in the room?
Most people don't like a feed full of people telling them how to get rich without working, just by buying into our scheme.
Yeah yeah, that's not what this is. So what? That's how they see it. And that's what 99% of hopium sounds like. Subtlety is lost on most.
It's the real reason I find myself not logging in for days. And I've flown around the world to attend Bitcoin conferences. Imagine how gen pop feels, logging in for the first, second or third time.
To anyone except a Bitcoin Maxi, opening Nostr is like crawling into a hostel bed that gives you hives. With a pair of Jehovah's Witnesses tapping on the window all night.
I'm sure the perfectly mysterious Bitcoin creator-god choosing SHA-256 for hashing isn't much of an issue, either.
First sentence on Wiki - "SHA-2 (Secure Hash Algorithm 2) is a set of cryptographic hash functions designed by the United States National Security Agency (NSA)"
Just the largest performative contradiction.
Almost as bad as it's centrally planned artificially fixed rate of supply. If supply were left up to market forces, allowed to ebb and flow naturally with demand, BTC would actually have a counterbalance to price swings due to changes in demand.
That's not the source, this is the source, and it's far more dramatic and disturbing than any article:
https://food.ec.europa.eu/safety/novel-food/authorisations/approval-insect-novel-food_en
They even say (2nd section) that there is NO EVIDENCE of humans eating insects in any culture at scale. Hence application for a novel food license.
Dude. Wot. You're making no sense and talking backwards.
1 Big Mac = 1 Big Mac. If the supply goes up, 1 still = 1.
"everything else can be produced if market demands. Try producing more bitcoin."
More Bitcoin is being produced as we speak. It pretends to be produced by, but its fiat creation is only conditioned on, breaking encryption for god knows who. Literally, no one even knows who developed the code for the largest distributed supercomputer ever dedicated to breaking encryption.
But I digress. Really its Bitcoin that is created out of thin air, and the Big Mac that is assembled from preexisting physical matter.
And other goods can have a fixed rate of supply. Land, for example, I hear they're not making any more. Unlike Bitcoin, which is being created while I read you saying it "can't be" lol. Its the only type of "thing/nothing" that IS created out of thin air: Fiat.
Oh, that 21M? Its not even in the Satoshi whitepaper. Its not sacred text. Its just an arbitrary limit that you pretend can't be raised. Unlike Nostr, there's a central code base with core developers, 6 (now 5) guys with write access to the Bitcoin core.
Fork, shmork. That's a different question entirely. I'm talking about Bitcoin core here, and what it really is and isn't. That there's something to fork tells you its centralized at the protocol layer. Centralized at the ledger (distributed, not decentralized). Created out of thin air (as a reward doesnt mean its not out of thin air).
Keep your digital reward tokens and your fixed pie betting pool.
You know 21M is arbitrary? Doesnt even appear in the whitepaper? That 42M could have been decreed just as easily means... Its... Fiat!
Lack of supply volatility guarantees price volatility.
Because it can't adjust to offset fluctuations in market demand.
Grok?
Bitcoin is engineered to be volatile because demand fluctuates with market demand while supply can't, because the rate of supply is not market determined, its centrally planned and artificially fixed.
The most stable in exchange for what? Itself? So is everything else, idiot.
To claim its stable is to claim its stable in relation to something. In relation to what?
Huge claim to give zero examples c goods other than itself it is so stable against.
When that something is volatile, engineered to be so, you don't have a viable exchange currency. Duh.
We nocoiners are here by legion. Unlike maxipads, we're not shillin' anything.
I believe in just 1 less shitcoin than you.
Who wants to install an app? No, thanks.
https://vdo.ninja/?room=MakeUpYourNameHere
Just works in any browser, mobile or desktop.
Allows full screen sharing, front and back mobile camera, text chat and file sharing over browser-to-browser WebRTC, serverless after the handshake.
And you can self-host to make the handshake. https://docs.vdo.ninja
Nice, here's a CSV format with more info if anyone wants, also added hamstr.to
https://damus.io,iOS,#[2],@jb55,https://jb55.com/,jb55@sendsats.lol
https://damus.io,iOS,#[3],@0xtlt,,gaspingsoldier98@walletofsatoshi.com
nostream,Linux,#[4],@cameri,,cameri@getalby.com
https://iris.to,Web,#[5],@Martti Malmi,https://siriusbusiness.fi,sirius@getalby.com
https://yosup.app/,Web,#[6],@Thomas,,https://thomaswashere.com
https://damus.io,iOS,#[7],@sdub,,
https://astral.ninja,Web,#[8],@monlovesmango,,monlovesmango@getalby.com,
,,#[9],@BenGWeeks,wss://nostr.robotechy.com,
https://nostr.band,Web,#[10],@brugeman,https://nostr.band,artur@nostr.band
,,#[11],@Melvin Carvalho,https://melvincarvalho.com/,
https://snort.social,Web,#[12],@Kieran,,v0l@getalby.com
,,#[13],@lee,https://leesalminen.com,lee2@pay.bitcoinjungle.app
,,#[14],@semisol,https://semisol.dev,semisol@semisol.dev
Amethyst,Android,#[15],@vitorpamplona,,,
,Web,#[16],@CarlosAutonomous,https://github.com/BrightonBTC/bija,topliquor87@walletofsatoshi.com
,Nip-05,#[17],@DerekRoss,https://nostrplebs.com,pay@derekross.me
https://hamstr.to,Web,#[18],@styppo,https://github.com/styppo/hamstr,
These links don't work in Iris #[5]
I said Bitcoin can't be ubiquitous, and explained why. You counter with math on current usage, not our imagined ubiquitous scenario.
You're doing math on current usage, which is hardly ubiquitous. Keep up.
All the coolest blockchain projects you can name, the cool part has nothing to do with blockchain.
For example, the biggest privacy concern with Lightning is it's connection to the eternal immutable Bitcoin blockchain, which needs to be severed.
If X is Bitcoin, X can't ever be ubiquitous -- the math doesn't work.
Full nodes would naturally become more scarce as the size of the blockchain exceeds 1 petabyte, in no time, making the ideal portrayed in the whitepaper of untold numbers of full nodes a relic.
The inevitable contradiction it always was, when those full nodes are spec'd to host a public copy of every transaction across the entire fucking currency (a regulator's wet dream, btw, and Bitcoin's true innovation).
Yes, but the question is an opportunity to demonstrate whether Bitcoin really has an ecosystem or just an echosystem.