Profile: eddb5732...

"Bitcoin does not require trust. Anyone can review the code, and run whichever version they desire, as long as it obeys the rules that everyone else agrees to. Who cares who designed it... How about the number 0? Can you trust that 0 is a valid concept and not a trick, if you don't know who came up with the idea?"

My counter-argument to that statement, is: Do you trust that the NSA didn't build in a backdoor into SHA-256? Or are you a mathematician, and have you verified this extensively yourself, especially considering they already did this with Dual EC DRBG? The only statements I can find are "the cryptographic community *TRUSTS* in SHA-256 for security". That's a dangerous game you're playing with an NSA asset.

😂 Farmers feed cities.

Also, Bitcoin moving at light speed?🤣

That's not even how things work.

Where is the trust in Bitcoin when we don't even have the designer's real identity? And you fail to even mention the 51% attack problem.

"It solves the salability across space better than currency, and is even more salable across time than gold."

What does this even mean?? 🤣🤣🤣

Gold: invented forever ago. Always salable.

Bitcoin: invented 15 years ago. Salable until it's broken.

Why does Bitcoin go down. It is monetizing. Some people have knowledge, and some don’t. Information asymmetry. If Bitcoin never went down - it would never distribute to more people. If someone had never sold 2 pizzas for 10,000 bitcoin, how could it distribute to millions of people world wide?

You talk about civilization ending events like an EMP…do you think your physical assets remain in your possession in that scenario? I hope you are well armed, well trained, and have a large network of such people handy, but even then…good luck with holding on to your physical property.

Bartering value for value. A myth, made up by people who have never bartered. Ever been to a gun show? I’ve been to a lot - some sellers advertise “buy sell trade”, but in all my years I have NEVER done or seen a trade. The person that has the gun for trade invariably does not want to trade for the gun you have — EVEN THOUGH THESE ARE ALL SIMILAR DEVICES, and everyone there is looking for a gun!…now imagine trading different types of things — what are the chances that you and the other person have something that the other wants…0.0000% Without money, civilization cannot exist.

In order to understand bitcoin, you cannot approach it from a technology standpoint. You must first understand what money is — how it came to be, the history of it, and how, as a technology it is as important as mathematics and language, perhaps even more so. The Bitcoin Standard, by Saifdean Ammous, it’s more a primer on Austrian Econ than about Bitcoin, and will give you the essential foundation of understanding first what money is, then explaining why bitcoin will destroy all other money, just as gold destroyed all other ancient money.

Bitcoin prices have fluctuated in lockstep with the US dollar very much so every time there's some economic impact. It isn't a "hedge against inflation" at all.

You clearly have never been to a farm co-op before either. These are the kind of people I make connections with. There's a lively barter system in exchange for essentials happening there. City folk enamoured with the latest Elon Musk-type speculations will never get it, and they'll be the first and worst when their technology fails them.

Gold didn't destroy money either - usury did. The ones that committed usury were the ones initially backing the financial system with gold and held onto the gold while they debased the currency and created interest on debts produced from nothing.

If that's the case, why is it that Bitcoin goes down when the US dollar goes down? Why does it go down when seizures or losses happen? Electronic money can't survive an EMP. When the computers go down, you have nothing. Even with market manipulation, paper money is still a physical, tangible thing that can buy goods and services. What's better are assets with real stable physical value like gold, or even better than that is bartering for value-for-value. The US dollar was actually in a good position until it was debased from gold reserves in the 1970's. When that happened, the Fed was given a green light to print more whenever they liked. Inflation is ONLY caused by printing more money. And now with no reserve commodity to base it on, it's easily manipulated to reallocate power. Just more usury to destroy nations.

Also, as far as the security of cryptocurrency goes, I have two words for you: Shor's Algorithm.

Nice!

Don't get me wrong or anything: I do wanna set up a Lightning wallet at some point, but I just wanna stabilize this as a communication site first and foremost. I need to fix the title text, pick a better colour theme, set up a new logo and favicon, etc. Sats to me are just a bonus, not the final goal. I see too many people looking at it like it's their new day job (delusional people on X/Shitter acting like the new YouTubers, thinking Daddy Elon is gonna give them their paycheck for building a big audience).

Quick question though: is your profile pic/avatar thingy broken or is it just my end? What relays do you post to (njump sometimes gets it wrong)? I can try to grab it from another one using nak. I just started up this one, but I noticed that profile retrieval is a bit buggy.

Unpopular opinion: Not a fan of digital currencies. Bitcoin solves SOME problems with fiat, but practically all money is digital now. Digital currency is already here what with Internet-connected personal bank records and banks creating digital money from thin air. Bank closures and social credit systems will just finalize the centralization of it.

I figure when Jesus does come back, it'll be after the event that kills all the computers. And all the bits of every digital currency will be depolarized off every computer drive they're stored on. At that point, you'll be wishing you had made more connections with people instead of with intangible metrics on the Internet.

Is this the most retarded thing you've ever seen?:

"Instead of using real cash, use our digital currency debit system from a credit card company that monetizes your spending data and produces a financial rating system around it, and allows any corporate or government agency to terminate the connection between you and your funds should you do or say something that isn't approved of."

i.e. all of the downsides of CBDC, none of the benefits of real, hard cash.

"We're just calling it 'cash' for suckers."

https://media.freespeech.social/ipfs/QmURZAfnKZ4ES5HicVZeGWomgQdBYuK7oDGgSwtvhGEC5P

nostr:npub1q3sle0kvfsehgsuexttt3ugjd8xdklxfwwkh559wxckmzddywnws6cd26p Just got my Ditto instance up and running using IPFS for media. https://freespeech.social 😎

Still new to the whole Nostr stuff, but learning a lot along the way, and I haven't even got a Lightning wallet yet.... 😫

I still have to customize the colour scheme of my site. Was there an option that I missed to change the site name and description on the logged-out home page? I didn't see one, but I did see the other options in the Soapbox config section. Do I have to modify that in the code somewhere? Is that covered in the Soapbox documentation for Mastodon/Pleroma installs?