No you won't, you can't zap a nocoiner. ;-)

In my careful opinion, Bitcoin has always been the global centralized (distributed is not decentralized) ledger and digital currency lined up by the WEF and LSE (London School of Economics, founded by the Fabian Society whose stated goal is 'international socialism through gradualism) for when they phase out national currencies, as predicted on the cover of that Rothschild rag The Economist back in January, 1989.

The Soviet Union and any proudly Communist / Socialist bloc is famous for it's miles of filing cabinets. Because they want to replace private property with State planning, every resource and every transaction had to be logged in an endless double entry accounting chain. The first bloc chains.

Now we get to behold the spectacle of self-professed fans of decentralization using an akshully decentralized protocol to shill a single monopoly on money, cheer when it's instituted by countries as legal tender (using the State to force people on board) and worship the blockchain, that eternal immutable double entry accounting record of every transaction across the fucking currency in one database. Distributed is not decentralized. Every resilient centralized database, from Twitter to Bitcoin, is hosted on thousands of nodes. The real difference is Twitter has a private CDN and Bitcoin has a public CDN. The D in CDN stands for distribution. Nostr doesn't have a CDN because there's no single authoritative database to widely distribute. Decentralized ledgers have no concept of syncing up to a single authoritative global state. Bitcoin nodes do.

It would defeat the killer feature of Nostr to tie every Note to my identity in another database.

See? Prophecy based cults are unfalsifiable. Up is good. Down is good. Sideways is good. Even if the prophecy said up, footcha is never finished.

Biggie here is you can have the same Tasks / Notes in multiple different Lists, then Share specific Lists with people without them getting access to your entire workspace data (Notion's deal breaker). Perfect if you are billing multiple clients for the same Task.

Left it behind for the sheer joy of https://height.app

Bitcoin maxis reach consensus that it's not worth spamming Nostr with an orgaistic Bitcoin ad every 2nd post. Nocoiners who login start to find their signal and stick around. A guy can dream.

To be honest, I don't give a toss about macro economics. Net inflation and net deflation are Keynesian concerns. They put the cart before the horse, it's top-down thinking, like 'Satoshi' the central planner who thought he could enforce net deflation mathematically to get deflationary effects on the ground. Or, just wanted to bankrupt us all.

All I care about is net prosperity. What encourages voluntary exchanges -- the only place net prosperity excretes from, in the Austrian view -- and what doesn't. HODL is the opposite of exchange. Bitcoin is worse than a net-zero fixed pie gambling pool. It introduces net poverty, since it discourages voluntary exchanges in the present. Look at the lifestyle of the avg. Bitcoiner. That's a result of thinking and living like a Keynesian, not an Austrian, who makes as many voluntary exchanges as possible, understanding the buyer also profits from each one, in his own estimation (or he wouldn't have voluntarily bought).

In terms of what... use cases?

Lol.

Out of curiosity, do you think we can run out of agreements? Back rubs? Material per se? Water, of which we have the same amount we always did?

The rate of supply was centrally planned and artificially fixed in advance.

Bitcoin opted for a centrally planned rate of supply instead of a market determined rate of supply. This means the rate of supply is unresponsive to swings in demand.

The issue with this is, as the Austrian school will tell you, a market-determined rate of supply is *the* price stabilizing mechanism.

- When demand for tomatoes goes up, the price goes up, but supply also goes up which brings the price back down. A stabilizing mechanism.

- When demand for tomatoes goes down, the price goes down, but supply also goes down which brings the price back up. A stabilizing mechanism.

By removing the market determined rate of supply, and opting instead for wise central planners to determine the rate of supply in advance, Bitcoin has guaranteed price volatility, forever. It is missing the stabilizing mechanism. All it takes to swing the price is a swing in demand (real or faked). This is why it's so easy for a whale to prime the price before a big move by selling artificially low or high between their own wallets via the exchanges. Always will be.

Volatility matters because, like it or not, nobody can perform accurate economic calculation in advance if the price can swing 10% in a day. Talk about a way to screw up and economy for The Great Reset. That's what I think Bitcoin is for. It's engineered to discourage voluntary exchanges in favour of hoarding (HODL), which makes everyone poorer because exchanges are the only place real wealth comes from -- a felt improvement in standard of living for all parties. The central planners were ostensibly trying to engineer deflation (it's not working, see below -- it's inflating faster than a rapidly inflating USD).

MFer did you just throw every Keynesian argument against Austrian economics at me in one go?

Where does prosperity excrete from? If you said 'resources' or 'labour' or 'the printing press' or 'a Bitcoin mining rig' you are nowhere near the Austrian model.

Prosperity excretes from the felt improvement in standard of living for all parties to a voluntary transaction.

"I just know that you can't grow an economic system forever on a finite planet" -- what exactly are you going to run out of? Mutually beneficial agreements? Because that's THE ONLY THING that grows an economy on net.

This finite thinking leads to "them immgrants r takin are jarbs", as if there's a limited number of agreements people can make. A job is not a thing, it's not a physical object, nor is a voluntary interaction. You can't run out of them. A job pops into existence the moment you convince anyone on the planet you will earn them more than you cost them.

Nice fantasy.

If Saylor HODLd USD through your FUD until today, March 2023, he would be able to buy $1.3BN or 34.5% more BTC than he has. https://saylortracker.com

If Nayib HODLd USD through your FUD until today, March 2023, he would be able to buy $52.6% more BTC than he has. https://nayibtracker.com

And never forget: Bitcoin is fiat (by decree). That 21M could have been decreed at 42M without requiring any more physical components. The number doesn't even appear in the whitepaper, it's completely arbitrary and chosen by it's central planner, who they hid from you so you can pretend there isn't one.

How much freedom do you allow yourself to have wild, expensive experiences in the now? Don't forget to do that.

I worry about anyone who has taken the vow of poverty implicit in the Internet's largest prosperity cult. As they say in the superchurches, 'planting a seed today' for prophecies of future prosperity (and not in a business providing desired goods and services).

The present is all we are guaranteed. It's worth splashin' out a bit on. ;-)

I'm against Bitcoin because of the grand unified centralized ledger, selling itself as decentralized when it's really just distributed. Every resilient centralized database out there is hosted on dozens, hundreds or thousands of nodes. What makes a data layer 'centralized' is that each node tries to sync up to the same, single authoritative global state, like Twitter or Facebook or Bitcoin's CDN.

What makes a data layer 'decentralized' like Nostr is that there are dozens or hundreds of unique databases, with no conception of a single authoritative global state, and no requirement in the protocol to sync up to the same version.

In short, I think CBDC's are the bogeyman and BTC is their plan. You can't solve the Byzantine Generals problem without centralizing something, and Bitcoin centralized the most dangerous thing to economic freedom: The ledger.

I enjoy a life with expendable income. Global average life expectancy of 75 years is just 900 months. I'm here for a good time, not a long time.

The expectation of money to get more expensive over time takes lifestyle itself, pushes it over the railing and hangs it to death. Because prosperity oozes from the felt improvement in standard of living for both parties to a voluntary exchange (Mises). And if you expect your money to be worth more next month, you're disincentivized from hiring Johnny to mow your lawn, and more likely to do it yourself, incurring the opportunity cost that you wouldn't have if you didn't expect your "means of exchange" to also be a "fantastic investment opportunity".

Beware the pied piper who is always selling you the future, at the cost of the ever present. It's perhaps the 2nd oldest sales pitch.

Bitcoin maxis aren't breaking?

https://nayibtracker.com/ down 53.4% all time

https://saylortracker.com/ down 34.5% all time

There used to be a word for long covid long before covid. Hypochondria.

#[5] I'm very glad to hear about your productive endeavours and wish you'd post about those more than the net unproductive passive speculation habit. I'm sorry you put your money in the wrong place, but you're in good company, Isaac Newton lost $3M of his own money in the South Sea Bubble.

"Back in the spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that he ‘could calculate the motions of the heavenly bodies, but not the madness of the people.’ Newton dumped his South Sea shares, pocketing a 100% profit totaling £7,000. But just months later, swept up in the wild enthusiasm of the market, Newton jumped back in at a much higher price — and lost £20,000 (or more than $3 million in [2002-2003’s] money. For the rest of his life, he forbade anyone to speak the words ‘South Sea’ in his presence."

Is Saylor better or worse off for being $1.3BN down vs. holding USD until March 2023?

Is Nayib (well, his poor serfs he stole the money from) better or worse off for being 50% down vs. buying 50% more BTC today?

So all you have is prophecy, not even a trend diagram.