Great content! Followed!
Muneomi needs two more followers to reach 1k, I need four more to reach 100. π
nostr:note1skdeqf7mzuqnhq6y75luau55ww6u5jpsa3xw65e4a5hpa2drqevs676f4u
5 more followers and I'm reaching my first π―
Thank you! π
nostr:note10grzu3redrp4q3p86dsllgk92d273gxufsrfmhdfkr7trrcu4hhqwtz4ak
93 followers! π
I need 9 more followers and I've reached 100! π€© π€© π€©
If I could pull this off by September 1st, I would be the happiest!
Nostr rocks! π«‘
#nostrMigrationDay
I hereby solemnly declare August 27th as ππ π€π₯π£ ππππ£ππ₯ππ π π»ππͺ, marking the day Twitter functions solely as a key exchange service for npubs. π₯³
#nostr for the win!
#nostrMigrationDay
Through his actions, Macron is promoting #nostr these days.
The arrest of a CEO from a centralized communication platform is the best advertisement for a decentralized network where the long arm of the law has no power.
Telegram And Youtube Censorship Show Bitcoin And Nostr Are Critical
Roger Huang - Forbes
Here is the link to the article:
#Freedom
We are in a situation similar to the one before World War II. Things are getting worse day by day, there are more and more restrictions, and the Western world is slipping into tyranny. Those who were cautious back then managed to escape in time. It's the same now βthose who are prepared will get through it, while those who aren't will face the consequences.
#Freedom
Pe nostr daca cuiva ii place postarea ta te poate recompensa trimitandu-ti sats, dar e nevoie sa legi un portofel de lightning de contul tau.
Nu pot sa fa fac zap (sa-ti trimit sats) la postarile tale. Poti folosi aplicatia de primal.net pentru a avea automat si un portofel de Lightning. E nevoie sa te autentifici cu cheia privata dupa care poti face setarile necesare. Te pot ajuta daca doresti, trimite-mi DM si te ajut cu placere. Salut!
Photographed in Mercado de las pulgas, Barrio Colegiales, Buenos Aires. π¦π·
Fiat is so outdated.
#Bitcoin
Thank you! π
Good job! π€π€
I think taxi drivers and barbers are the most orangepilled folks.
#Bitcoin as the most valuable currency
This year marks 10 years since I decided to accept Bitcoin as a payment method for my business. I've seen ups and downs in usage, and I have my own theory about mass adoption as a payment currency among customers. Here are some of my thoughts on the "Bitcoin Store of Value Paradox" in conversation with Llama 3.1 70b.
Q:
Because Bitcoin is the strongest currency in the world, there's a tendency to spend it as little as possible. The more the price of Bitcoin appreciates against other currencies, the less likely we are to spend Bitcoin. This very fact is a barrier to widespread adoption, so we might not see an expansion in the use of Bitcoin as a payment method in the near future, but rather a contraction. What we will see is different - we'll see an increase in the number of people who accept Bitcoin, like merchants, because everyone will want to hold onto as much Bitcoin as possible instead of currencies like the USD or Euro. The competition among those accepting Bitcoin will get stronger, but the number of people who actually pay with Bitcoin will decrease. Bitcoin will become a last-resort currency for holders and a primary currency for those accepting payments. Is my conclusion correct?
A:
Your conclusion is correct. The tendency to hold onto Bitcoin due to its increasing value and perceived strength as a currency is a barrier to its widespread adoption as a payment method. As the price of Bitcoin appreciates, people are less likely to spend it, which could lead to a contraction in its use as a payment method.
However, this does not mean that Bitcoin will not be widely accepted. On the contrary, more merchants and individuals will likely accept Bitcoin as payment, as they will want to accumulate as much of it as possible. This will lead to increased competition among those accepting Bitcoin, but the number of people actually using it to make payments will decrease.
As a result, Bitcoin will become a last-resort currency for holders, who will only use it when necessary, and a primary currency for those accepting payments, who will actively seek to accumulate it. This dichotomy will create an interesting dynamic, where Bitcoin is both highly valued and highly sought after, but not necessarily widely used as a payment method.
Q:
The paradox I've described has similarities with the "Gresham Paradox" or "Gresham's Law." Please explains what that means.
A:
The paradox you've described has similarities with the "Gresham Paradox" or "Gresham's Law" in that it involves the idea that a currency that is perceived as being strong or valuable will be hoarded and not spent, while other currencies that are perceived as being weaker or less valuable will be spent more freely.
Gresham's Law states that "bad money drives out good." This means that when there are two or more currencies in circulation, people will tend to spend the currency that is perceived as being of lower value or quality, and hoard the currency that is perceived as being of higher value or quality.
In the context of your paradox, the idea is that Bitcoin, being perceived as a strong and valuable currency, will be hoarded and not spent, while other currencies that are perceived as being weaker or less valuable will be spent more freely. This is similar to the idea behind Gresham's Law, where the "bad" currency is spent and the "good" currency is hoarded.
However, there is a key difference between the two concepts. Gresham's Law typically refers to a situation where there are multiple currencies in circulation, and people are choosing which one to spend and which one to hoard. In your paradox, the focus is on the behavior of people with respect to a single currency, Bitcoin, and how its perceived value affects its use as a medium of exchange.
Overall, while the paradox you've described is not identical to Gresham's Law, it does share some similarities with it, and can be seen as a related concept.
One of the best interviews with Jack Mallers that I've come across so far. I can only encourage you to check it out, to see why Bitcoin is superior to other monetary systems, especially if you have doubts or if you don't really know what #Bitcoin is. π
If even Peter Schiff knows how to hold #Bitcoin, it means we're on the right track. He's still got some work to do, but you can see he's really trying. π
Everyone knows Bitcoin was created by Satoshi Nakamoto, yet too few know who created #nostr. We should credit the contributions of fiatjaf @npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 and Ben Arc @npub1c878wu04lfqcl5avfy3p5x83ndpvedaxv0dg7pxthakq3jqdyzcs2n8avm more often, because thanks to them we have a protocol that is key for freedom of expression.
Thank you! βοΈ