Those who do not learn from their bear markets are doomed to repeat them.
You can be 49% of a deteriorating power raffle for decades and get nothing you ever wanted and 60-80% less of what you had before, or, in the free market, comment for 275 days in a row, insisting that the creator tries molasses to cool his rig. And are listened to, and its actually quite a good idea.
Right is might.
The proportion to which aging society regresses, the power of Bitcoin grows.
The darker it gets, the brighter it will burn.
Asymmetrical but...
Wen you ditch socials but still check the NOSTR on occasion...
A wise man once taught me, that the
SOLUTION to
POLLUTION is
DILUTION
So, when you come on the NOSTR, and see a larger than proportionate subject being covered by the autistics that is dull, esoteric and essentially petty, there should be an effective response to polluting the timeline.
Pollution is EXCESS. You can either remove the excess amount, or you can add more of the base substance to lower the concentrations of what you don't like.
If someone is being noisy, its easier and more controlled to turn up your music, than convince them to be quiet. Being loud is their right.
If the subject has a distinctive keyword, you can DILUTE the POLLUTION with a positive, diluting note.
For examples sers, I am a huge fan of KNOTS that's K-N-O-T-S
If you also like #knots pls post your own so people on the NOSTR can learn something useful, from something initially so pointless.
I'm sharing a few basic ones, some fishing ones, and if the autists keep honking - the Hangman's knot.
#knots
#knotstr
#knotsofnostr
Billions of lives at stake. Don't just be right: WIN
Stay Humble and stack squirrels.
I'd let a slave nation have guns if I could limit their ability to read and understand literature.
Literacy and health are lower orders of basic freedom than a rifle. From such a handicap, the guns aren't a threat to a tyrant.
This will ruffle some jimmies... But this is sad.
21% of American adults (~43 million Americans) are functionally illiterate, meaning they have difficulty reading and comprehending signs, instructions and forms.
54% of the American adult population reads at or below a sixth-grade level (11 years old). So a little under half of US adults can read Harry Potter.
A third of all US adults lack basic numeracy skills. Fewer than 2 in 5 US adults possess strong numeracy proficiency
The sick part of this, is the victims don't know what they have had stolen from them, like a lobotomy. This is despite a spend of 16k per student per year.
Truly, if you cannot read or write, you are a slave - even in a free country.
https://ctmirror.org/2024/12/13/aleysha-ortiz-ct-grad-cant-read-lawsuit/
We have a new app - "tell us what you think"
a few minutes later...
"wow everyones soo angry, he's why the feedback is wrong tho...".
stop hating on SandwichApp i like my lunch pre-configured, auditable, and discounted with tokens.
There's a time, not long from now, when the fear of the whip at peoples' backs is preferable to the direction it is driving them, and the game is to survive up to and thrive through and beyond that moment.
Keep your power dry.
Don't get angry - get ready.
All else is error.
proper proper superb mate. Kudos
There are those who say Bitcoin doesn't scale, and build blockchains with more throughput at the cost of more centralization (generally in the form of it being way harder to run a node), and then also point to Bitcoin as having low fees as a criticism.
The limiter it turns out, 16 years in, is not how many people *can* self-custody bitcoin. It's how many people *want* to.
Not everyone wants to deal with the technicalities of their own car, and not everyone wants to handle the technicalities of their own money. Quite few, in fact. It's always a subset for these types of things. People who are hardcore over their area of knowledge.
I leave my car details to pros down the street who I know the name of, and handle my money myself. There are those who handle their own cars but leave their money details to others.
Bitcoin currently processes about as many transactions per year as Fedwire, which handles $1 quadrillion worth of gross settlement volume per year for the US and for a good chunk of the world (in context, it's approximately 200 million $5 million average-sized transactions). That's actually a crazy stat. Bitcoin is casually this open-source global Fedwire with its own scarce units, and unlike Fedwire anyone can permissionlessly build on it or transact with it, for low fees despite it being a +$2T network. And if it gets clogged there are all sorts of permissionless layers above it with certain trade-offs.
Some people say paper bitcoin holders detract from the network. I say the opposite- their willingness to hold IOUs helps add to price stability and network size without clogging it. That leaves more room for cypherpunks to develop with, and work on. And those who finance them.
This has been foreseen as early as Hal Finney in 2010, when he wrote about bitcoin banks (https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211).
We live in a sweet spot by most metrics. A golden age. Historically, so few recognize it when they have it so good.
Bitcoin is big enough to be of interest to many, and yet is still niche enough in a global context to have low base-layer fees. Suitcoiners are happy to add to its scale, and yet cypherpunks can also build, and users can transact right on the base layer, and move to Lightning and Ark and BitVM and Liquid and any sort of trade-off they want if fees get high.
And you're bearish, anon?
The real battle, though, is the ongoing government crackdown on privacy.
Bitcoin itself is in a pretty good technical place. It's a great tool. Certain conservative low-risk covenants might make it better, but even the existing design space is great and still expanding.
The US, Europe, and China cracking down on privacy is the threat. The headwind. And they're all expected. They're not surprising, but they're indeed fierce. That's the real battle- for the hearts and minds of people to embrace why privacy and permissionlessness are good traits.
In this ongoing funny contrast between podcasters and developers, that's the ideal role of podcasters- to spread the good news of what developers have built. To educate people. To tell them what's now possible thanks to developers. To articulate why cypherpunk values are good to a broad non-technical audience. That's where the overlap is. In overly-simplistic D&D terms, those with high CHA try to spread the work of those with high INT. It's not so much that "governments" are the problem. Governments often at least partially represent the people. If you convince a lot of people that privacy and sound money are good things, then you defang the problem. And you also challenge them legally in jurisdictions where it makes sense.
The technical foundation is good. The development of the past 16 years has been amazing, and it has brought us here. The scale has reached institutions, which is expected, not a threat. The actual threat is not treasury companies; it's anti-privacy regulations by governments. And more deeply that's a social issue, given how many people accept it. A vast amount of people believe privacy is only important for bad people who have something to hide. There's a ton of education work to do on it. Privacy is good. It's the default. But most people don't realize it when it comes to money.
We're winning. For 16 years ya'll have been amazing. But we'll need another 16 years more. More developers. More podcasters. All of it. We're a $2 trillion in market cap entering into a global fiat network of hundreds of trillions. And as their own institutions melt down from their own failures, their own top-heavy demographics and false promises, they will look for scapegoats. They will look toward those who are winning, and say they are the enemy.
When interviewers ask my price predictions, I tend to be conservative. That's mostly a liquidity assessment, and a rotation from OGs to new buyers. Price growth does take time.
But under that surface, I also have the benefit of being a general partner at among the largest bitcoin-only venture funds. I see what people are building, and I'm bullish. And for those who are working on stuff that doesn't align with profit, entities like the HRF and OpenSats are doing great work. Across all of the options, people are building great things.
I couldn't be more bullish on the ecosystem that's in place. All of you.
Let's go.
Good evening.
we need edge cases that expose Bitcoin's advantages in volatile conditions.
Most people cannot discern between usd and BTC because they are in situations where either does effectively the same thing in ambient conditions.
The vol is coming. Then the daylight emerges between them.
Ahhhh the ol' custodial debt stack screenshot.
does your husband stack sats also?
lololo you're new. Thats a screenshot ser, dudes been clean and NOSTR for a looong time
Pray for B. Gunn...
I just found out my dog is a degenerate quackhead.
I dont want more followers, I want effective counter-parties who can deal and plan at scale till the bitter end.
I want serious, balls out, burn the ships, say it and mean it, everyday, every time, heroes.
Blogs are gay, pods are okay, the talking points are silly or long resolved - who can take their opinions into the world, wholesale and with conviction?
When are the books and the monologues and the going to hit the streets and the real world.
Sick of logging in to get empty wisps of what I want to live by yannow?
theres a citadel in wales that does fly fishing, i'll have to look it up....
I pray that the people of America have the intestinal fortitude to fight back against the heinous encroachments on civil liberties by their government.
American politicians and bureaucrats have gone m-a-d
#freesamurai
#getBent
i thought nostr ran on top of primal.
Im fooking few-min.
In mr dent's defence mate, there's only 80,000 kids trafficked and raped in Texas, which is but a mere third of the entire population of Rotherham. Hardly worth the attention for something so closeby and immediately fixable.
What about a kickass AI assisted blog about the same problem 5000 miles away on a tiny scale?
No wonder he's disgusted with UK: It has rookie numbers.
Texas is perfect - nothing to be done there! Type type, harrupmh, UK, bah. Slurp. Burp. Click. I'm a good person. Time for an insulin nap before the next conf.
they ain't moving to the US. Looks like a fooking zombie movie over there.
yeh ups and downs but moving average keeps creeping up. welcome anytime mr Arrow.
Plastic is fiat as fuck.
1% High time preference solution
99% pollution
wealth is not needing a phone, kids that adore you, and a eventually, a crowded funeral wake.
regardless, humans are being pushed to the edge cases of even skilled work. And the ancillary roles are cooked with ai (estimator, project manager, quant surveyor).
I would ofc heavily discount a total displacement of skilled labour, but you might be surprised how much manual work will be saturated by the time bots are mass adopted.
I would bet on more being expected of a skilled trade for same time/money. Not redundant, just analog difficulty adjustments, permanently.
I have anecdotes.
GM.
GM.
Wen woofstr.
Name this boyband
everyone's an anarchist until the series A
Jeeezus there are some ugly ducklings being funded right now.
Too many minted plebs with collapsing marginal utility.
The sharks alllways eat well during the bull.
Sell corn, but not for moonshots. Buy a house or something that can't be frittered away on founder's flight tickets and shit ideas.
because they say they are till they aint!
Honestly been looking at this for at least 10 minutes, and I dont see any illegals.
Anything deeply true, when expressed in vernacular, presents as irony/paradox.
Secrecy, and privacy are such 2 extremes that start in the same place, and horseshoe into extremes in our language.
The issue of visibility, is then, like a coin, with total anonymity on one side, and a centralised panopticon of audit on the other.
The human action that balances that coin on its thin edge, is the right path. And is just as hard to walk, as to land a coin on its side.
We need to focus on the control of the topic. We are not in control if we lurch to one side or the other, of a deep truth.
The resolution here is. How can we demonstrate our virtues to others more formally, without revealing so much, that we are not free., and can be attacked.
We need peer to peer reputation scores on the NOSTR layer, but broad. We have them on exchanges, Uber, Google.
But as a movement - we pay a tax to the psychos who can move through high signal people, and deniably take advantage of anything they can, without consequence, and in a way they are able to repeat.
No oracles or moderators. Just give me the audit history of an Anon, and the other parties side of the story, and the patterns will emerge.
In Bitcoin, some have lived their entire working lives without ever having a job, or building anything. And they wear the same hats. Make the same noises.
Root them out - they are more expensive than Governments. This is not social credit scoring, because there would be no hub.
This is self organisation, in response to the costs of dealing with shadows who speak as friends.
God and the soldier - all men adore,
in time of trouble and never more.
For when wars end and all is righted
God is neglected, and the soldiers slighted.
absent friends
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wen uk
GOOD MORNING!
Recording the Bitcoin Brief later today. Any big questions or topics for us?
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yes.
If its a nipple - milk comes out. tat got me to middle age.
BUT you can have grease nipples - the grease goes INTO them - not out.
my q is what really are nipples - and why do they lie?
Own your vertical
Be your own supply chain
Live as 'long vol' as your money is.
Tariffs are tax and tax is theft - thats all on them.
But self sovereign means not being subject to force or authority. If you are affected - own it.
If your livelihood relies on captured third parties - you are captured. It's a sliding scale, but have a mode of life that can adapt to 105% import/export costs. We're going back in time basically. 18th century costs of transport, for all planning purposes. And the plagues (of stupidity).
This is just the current day's reason why productive people are being robbed - again.
Suffer on the vaccine is coming, suffer on we will investigate what happened with the vaccines, suffer on, we're fighting a trade war and the trade being used to fight with is YOURS as risk, and OURS as reward. Suffer on, suffer on plebs.
Work on your Citadels sers.... All said.
Corn running flat when all assets are collapsing is the thinking man's green candle.
#pricetalkwanker
GM
I dont want to die a sick man.
As I age, in. totally clear terms, I want a larger % of the odds of my cause of death to be doing something risky and deeply meaningful to me.
I will never be reckless, but, I won't make my worst nightmare my automatic fate, out of fear of having a death I could be more proud of.
I would give my old age up, for a legitimate Last Stand situation. That's the God's honest truth, and it may make me mad but there you have it.
Think about your death. It changes your wiring. Clarifies your purpose.