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KaliYuga
ee912f36df7d7f06d56a990a316c2e58d7bc947b568df08e5193d022e68fb3d9
No one is coming to save you. Nostrich since 768952.

Agreed but that’s way easier when you know you took good decisions and luck was on your side.

Replying to Avatar HODL

I’ve sampled all the fancy rich people stuff at this point in life and will now tell you what’s worth it and what’s not…

Fancy car - Not worth it. Save the money and get a regular car.

Really fancy car - Maybe worth it? Depends. If you’re super into cars these are pretty fun.

First class air travel - Worth it. But fair warning you can’t go back to economy once you get used to first.

Private air travel - Not worth it. Too expensive. Unless you’re some kind of huge celebrity you’ll be fine in first class.

Luxury hotel rooms - Worth it. There’s a big difference between the ritz and the best western. Enough said.

Fancy watch - Maybe worth it? Similar to the really fancy car thing. If you like it go for it, if not don’t worry you aren’t missing out on anything.

Fancy clothes - Not worth it. Rich people don’t wear this crap. Gucci, LV etc is for upper middle class people to signal to poor people.

Mansion - Worth it. Having a nice home is always nice, probably don’t go obnoxiously large though. Beyond 10k square feet you’re going to have weird maintenance and headaches taking care of the home.

Private chef - Not worth it. The food tastes good, but it’s another person in your house and that shit gets annoying.

Yacht - Maybe worth it? This goes in the same category as super cars and watches. If you’re into boats and you like spending time on the water it might be worthwhile. Otherwise just hangout by the pool, lake, ocean… same vibe but cheaper.

Maids - Worth it. Nobody wants to do their own cleaning.

Fancy food - Not worth it, caviar and foie gras will never beat burger and fries. High quality food yes, fancy rich guy food no. Maybe every once in awhile.

Fancy booze - Not worth it. Gets you drunk the same as regular booze. The richest friend I have drinks natty light. True story.

Booze, yacht, private chef, fancy watch, fancy cars => unnecessary

1st class air travel => Economy Plus is enough when flying commercial

Private air travel => Netjets route and schedule flexibility sometimes worth the price. Onboard luxury is unnecessary. Not having to go through regular airport onboarding process is priceless though.

Luxury food & hotel & mansion => I take authenticity over sophistication every day.

Clothes => function > look

Now that parenting is over, hiking & offroading is top of the list.

Cantabria last weekšŸ‘‡

Appropriateness is subordinate to effectiveness.

I’ve never had to do it with my kids but can see that it would probably have been effective with one and ineffective with the other.

Replying to Avatar nos

We're excited to announce a new initiative to get creators and journalists on to Nostr. This is a project organized by nos.social with nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg, nostr:npub1w0rthyjyp2f5gful0gm2500pwyxfrx93a85289xdz0sd6hyef33sh2cu4x, nostr:npub13myx4j0pp9uenpjjq68wdvqzywuwxfj64welu28mdvaku222mjtqzqv3qk, nostr:npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955, and nostr:npub1yzvxlwp7wawed5vgefwfmugvumtp8c8t0etk3g8sky4n0ndvyxesnxrf8q. The goal is to get a diversity of content on to nostr and show those creators and journalists that the nostr model of zaps and the new subscription content over nostr is a better alternative to centralized advertising driven platforms. #value4value

Please share this with creators and journalists you know who are already on Nostr and also those who might want to join. This will include both getting these folks on to the nostr apps which make sense for them, setting them up with a wallet, teaching them how to be successful on nostr, and importantly promoting them through a bunch of channels on nostr so they can build and audience.

We don't have the deep pockets of meta and tiktok, nor their powerful AI driven algorithms, but we've got something that can be more powerful, people.

Creators and Journalists know they're stuck sharecropping on centralized platforms that can demonetize or delete or just shadow ban their accounts. One day their content gets broadcast to the world, the next the algorithm doesn't even show it to their followers. Their revenue is dependent on getting a cut from an opaque and arbitrary advertising system.

So, share these links, if you're a creator or journalist sign up, and when we start promoting these folks on nostr, check out what they're doing and if you like it, send them zaps. This is open to both existing nostr creators and journalists and new ones we'll onboard.

https://www.nos.social/creator-residency

https://www.nos.social/journalism-accelerator

Great initiative!

Unfortunately, the financial part will only really work at scale, when many more people are on Nostr. As of today, it's good for content creators to be here and build a community, but the zaps are not enough to leave other big censored platforms.

Agreed.

I guess human power dynamics can't be fully eliminated from a value-exchange system.

Trust minimization is the best we can expect.

The blocksize war wasn't so much about the blocksize (or, even, scaling Bitcoin). It was really about who controls the consensus rules and how we upgrade the protocol.

For context, a bunch of startups raised tons of money between 2013 and 2016 based on ridiculous user sign-up projections and then we had a long and painful bear market and they were looking for scapegoats (the developpers that were "throttling the network") to justify the lack of growth. I am thinking here specifically of Coinbase, Bitpay and Blockchain.info.

The vibe I got is that they thought of Bitcoin itself as a corporation, that they were the equivalent of Bitcoin's board of directors because they represented the interest of VC investors, and thus they were entitled to decision making power over the network.

I don't doubt that a few people were genuine about scaling p2p e-cash (e.g. Roger Ver) but I suspect what really motivated them is that they believed control of the Bitcoin network would be an asset to their business interests, and lack of control was being used as an excuse to why their interests weren't being satisfied.

There was also a bunch of developers that I believe may have been afraid of losing their relevance (Gavin and Garzik specifically). Regardless of their intentions or psychology, it seemed clear to me that the consortium of vc-backed startups (particularly Bitpay, Coinbase, blockchain(.)info and Roger) had picked a team of developers they thought they could control and wanted to appoint them as a technical management team whicn would execute their strategy, and these guys were willing to step up for that role.

I was physically in the room when the CEO of Blockchain.info (with the very obvious support of Coinbase CEO Brian Armstrong) announced that Bitcoin Core devs were being fired and would be replaced. This was after a couple days of failed discussions with other industry people. This was the moment when I realized what was really going on.

And finally, you had a Bitcoin mining giant (Bitmain) controlling both asic production and mining pools with a vested interest in promoting the idea that Bitcoin was a democracy and the way to vote was to buy hashing power. The main ideology being pushed here was that a formal governance mechanism of the protocol needed to be established and that hashrate was the only objective measure of who makes decisions.

The underlying big blocker ideology was that the chaos of spontaneous consensus of nodes is unpredictable, flimsy, bad for business. The absence of a formal governance process was seen as the root cause of the issue.

These companies really believed they could control the protocol, and controlling development of the protocol was seen as a very valuable asset to your company. I imagine they thought of themselves as the founders of a new consortium that would solidify itself into a permanent institution. The business interests would pay developers and set the goals, and the mining interests would ratify their decisions with hash power voting. That was their plan.

This became blatantly obvious when Bitmain used its refusal to activate segwit as leverage to get what it wanted (a blocksize increase and recognition of its hashpower as a vote mecanism) even though Bitmain iself acknowledged it was not really opposed segwit.

It was classic traditional politics: I'll give you segwit if you give me something in return.

This is the language the VC suits, investors and tech startup people understand and they were very happy to "negotiate" and find "consensus".

This eventually materialized into the New York Agreement, negotiated literally as a backroom deal during theConsensuss shitcoin conference. I was there and I refused to attend.

This (private) meeting consecrated the alliance of startups/investors and bitcoin mining interests in their appointment of a technical management committee. If you think this sounds like Jekyll Island, you're not alone.

They packaged segwit with a blocksize increase (Segwit2x) and decided to force a hard fork as a condition to "allow" us to have Segwit.

We know the rest of the story: we ended up activating anyway via UASF (or more precisely, the miners activated Segwit after they New York Agreement signatories became scared UASF would lead to a chain split which they were going to lose). And the blocksize increase was also abandoned shortly after when they realized their hard fork would cause a chain split and that they would not be able to claim that their new shitcoin is the real bitcoin.

All these people were subsequently were very pissed off they couldn't control the network, which they thought they were entitled to. Some ragequit, others created a bunch of shitcoins out of spite, Roger went on to spearhead BCH as the real Bitcoin, all these fools realized they might as well make some money off of it, everyone went all-in on the shitcoin casinos after that. The "small blockers" eventually went on to evolve into the Bitcoin Maximalists and cypherpunks that today tell you to run your own node and own your own keys.

What does prevent us from similar dramas in the future? Internal power play, purposefully intensified by states that want to weaken bitcoin, remains my main concern for the future of bitcoin.

Let's focus on the one whose actions are currently more damaging for the world. I'd slap Trudeau for sure.

I fully agree with that statement. My point was about ā€œthat’s why they want to totally destroyā€¦ā€, ie the conspiratorial tone of your post.

Replying to Avatar StackSats.IO

The Millenial Dream

Go to school, study hard, get good grades so you’ll be accepted into University, go into debt for a degree or else you’ll be flipping burgers.

Get your degree and enter the workforce 50k in debt. Entry level jobs are impossible to find between outsourcing and the lack of practical skills Grads bring to the table.

Get lucky and find one, grind 12 hour days, pay half your income to the Government for Services you don’t use, pay increasing rents as the real estate bubble inflates, get promoted and job hop to bump your income to keep pace.

Save for a house deposit, 20% of the median house which is now 10x median income so it takes a decade, get there and it’s not enough for even a dogbox apartment let alone a house, now banks won’t lend to you with rates over 5%

Can’t afford kids. The food is killing you. Dating is ruined between instathots and red pill chuds. Get lectured daily by Boomers who don’t understand the world. Watch rampant corruption and cronyism destroy your politics, immigration destroy your community, and fiat destroy your purchasing power.

Fund wars you oppose. Bail out banks you hate. Pay welfare to ideologues who demand more and more nanny statism and taxation. Subsidise renewable energy which increase your power bills. Wait in long lines at the hospital for your subpar care.

Do all that in the hopes you’ll eventually be fortunate enough to be exit liquidity for some Boomer who sold you this dream..

Or The New Millennial Dream

Move as much of your wealth into #Bitcoin as possible. Watch the crumbling from the sidelines whilst starving the entire system and protecting your purchasing power.

Wait out the Boomers til your digital real estate on the ledger is the new asset in demand, then instead of selling it to them, take the reins over the system as the new financial elites and dismantle this entire shitshow. Eliminate the parasite class. Detach the welfare state. Reduce government to a competitive service provider which cant extract wealth at will.

Set entrepreneurs free. Let markets work. No more free lunches. No more cantillionaireing. No more nonsense laws.

I’m a bitcoin boomer, but if I were a millennial that’s exactly how I’d be thinking

Statements like this made in a vacuum are not useful. You always have to compare to the alternative, not to an idealistic leader that doesn’t exist.

And taking that into account he’s way better than Salvadoreans have ever seen.

Also, don’t judge from afar, go there and talk to people.

Basic security is worth more than democracy to most people.

That Windows 95 in the video is booting way way too fast in comparison with the real thing šŸ˜‰

I had the same setup at work and at home, though not even with 32Mb RAM.

Same here. Between 2017 and 2020, I offered many of my friends 50€ btc in a wallet on their phone. To many of them I packaged that with the Little Bitcoin Book or the Bitcoin Standard.

Of all these people, 20% still has their seed phrase and can access their corn, 5% read the book (literally takes 1 hour) and 3% have bought more and kind of learned a bit but couldn’t explain bitcoin ELI5.

Say what you want, unless you live in a country with high inflation or you’re paranoid about an overreaching state, it’s hard to get people hooked by anything else than speculation.

GM nostriches!

Let’s Fucking Goooooo!

frankly, it wasn't that bad.

I remember at Adopting Bitcoin in El Salvador in Nov 22, right at the bottom, people were happy nevertheless. Nobody was talking about the price, everybody was talking about the fundamentals.

I started that 4 years ago.

I said if they want to save a small part of their allowance in sats, they send me a msg anytime in the month stating how much btc they want to buy at what price and as a reward, I double that amount.

I have made a shared google spreadsheet showing the cumulated amount of sats they own, how much that's worth in € currenty, and importantly it also shows how much they missed over time by not asking and how much that's worth.

Results so far:

- my daughter (21) has asked every month and has a sizable amount. She is markedly "long term preference"

- my son (19) has been asking only a few times when btc price is high and it flashes on tiktok. Over the past weeks, I've shown him how much he has lost by not asking. At current price, it's almost a 5-figure amount. He's bleak and can't stand the "injustice". lol.

not much so far, only an ex-gf I orange pilled 3 years ago texting yesterday that she can't find her seed phrase. lol.