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Lysander Spooner
eb362a4ad5c55e5ff02ceda83eaab5dbf4e8be07abec25615bb2e3ebbff7bd61
Nostrich conservationist - Slavery abolishionist#Nostr #nocoiner

This should come as a disclaimer on all the financial advice you guys give, day in and day out.

"I've never flown any other class but economy. And here's what you should do with your money!"

Would be great if clients let you easily select Relays in the Post Note interface. Then topical relays like this could actually be respected, but who is going into their Profile Settinsg each time?

I would never lock my money up in a fixed pie gambling pool, hoping to "10-20x in the next 2-3 years" out the pockets of my, uh, fellow community. Cos that's the only place you get gainz from. You ain't getting a sat or a cent from me, because I'm not in the net unproductive, net unprofitable fixed pie gambling pool.

I'll be over here focusing on providing desired goods and services to market, instead, like a good little Austrian. Even if you 10x your $1k or whatever you have in Bitcoin, you are back to square one without any marketable skills or networking built up alongside those gains, unlike if you were doing something net productive.

They've been brrrring the money printers for years now. https://saylortracker.com is down 34% which means Saylor could own $1.3BN more BTC if only he HODLd USD through all the FUD about inflation until March 2023.

https://nayibtracker.com is down 50% or could buy 50% more BTC if he HODLd USD until March 2023 instead of believing your prophecies and trying to 'get in early'.

But the reason for this prophecy is 'the macro economic outlook has never looked as fucked as it does now'. Yeah it has. Think back a few years.

Bitcoin is a risky asset because it has a centrally planned, artificially fixed rate of supply that is unresponsive to changes in market demand. With a market determined rate of supply, the supply could fluctuate to counter-balance swings in demand. It doesn't have a market-determined rate of supply, so is guaranteed to be volatile, all it takes is for a whale to swing demand by selling to himself artificially high or low to 'prime' the price before a large move. Happens every month.

That he's down 34% is a realized fact. That he could buy $1.3BN more BTC with the same USD today is a realized fact. He fucked up to the tune of negative 34% already. Realized fact vs. if he entered the market March 2023.

But I'm sure your Aunt Jenny will outperform Saylor. Are you? If not, you're fucking her up with eyes wide open.

It's hilarious when a faux 'community' develops around trying to get rich out each other's pockets in a fixed-pie gambling pool.

That is all. Those who hope the price goes up, where do they think it comes from? Anywhere but out the pockets of a fellow speculator? It certainly doesn't come from me.

Replying to Avatar Lysander Spooner

https://vdo.ninja video calls over websockets using Nostr for discovery. See https://docs.vdo.ninja

Oh, sorry, this is for zapping.

Support for Cashu. Because fuck blockchains.

Do you know what the maximum number of transactions the Bitcoin blockchain can handle globally? 7 per second. Hahahah!! It's literally the most inefficient infrastructure imaginable and you're calling it "more efficient" -- no computer scientist will tell you blockchian is "more efficient" than a centralized database, we're deep in propaganda land here.

"Look at what zap is doing." Indeed, because it doesn't rely on an inefficient blockchain. In fact, it doesn't need an inefficient blockchain. I'm all for Cashu or Pear Credit payments, which use Lightning style p2p channels but without the grand unified centralized ledger logging your every transaction -- but only at 7 per second.

Lightning shows us how bloody inefficient blockchains are, and how much better and more efficient things can be without one. Pear Credit and Cashu are 100% feeless, too, since you don't need to maintain a unified global state for every copy of the centralized + distributed (not decentralized) database, like you do with Bitcoin.

I fat-fingered the Post button early. Was Saylor prophecying the price would be 32% lower than his average buy price in March 2023? Or was he prophecying $100k+ by now? Be honest.

I never said any of that, so I doubt you asked for it either. Read closer.

My argument is that Bitcoin:

a) has a centralized ledger; every resilient centralized database is distributed across multiple nodes; what makes a database centralized like Twitter is not that it's hosted on one server (lol) but that it's distributed across thousands of nodes that constantly try to sync up with a single authoritative version. What makes a database decentralized like Nostr is that there are multiple unique databases everywhere and no conception of syncing them up to be the same version, no conception of a single authoritative global state.

b) has a central planner who arbitrarily pegged the fiat amount at 21M (a figure that is nowhere in the whitepaper and can non-theoretically be edited by 1 of 6 or now 5 developers with write access to the Github account)

c) opted for a centrally planned, artificially fixed rate of supply instead of a market-determined rate of supply, which removes the primary price stabilizing mechanism

Which of these would you like me to provide further evidence of?

#[4] The average dollar cost that Nayib Buleke has spent on BTC is $42,842.23 -- which is 52% higher than it's dollar cost today.

That's what https://nayibtracker.com/ got for listening to https://saylortracker.com/ and "getting in early". Saylor is down $1.3BN, or in your terms, could buy $1.3BN more in BTC if he HODLd USD through all your FUD until today (Mar 2023).

DCA is an acronym that stands for Dollar Cost Average. I use it accurately here to describe the average cost at which Nayib has purchased BTC.

You're right that, like most words and acronyms in the Bitcoin orbit, DCA has been absolutely pretzeled beyond the regular meaning of terms -- this time into a verb that means a regular periodic purchase, typically monthly.

How about everyone stop trying evangelize and push their culture on everyone else? Bitcoin maxis sound like monopolists who hate decentralization and a plurality of monetary solutions.