I don't know what to say but I opened amethyst and felt required to make a note, so this is a note.

TEN YEARS AGO SECURE BITCOIN COLD STORAGE WAS DIFFICULT.

FIVE YEARS AGO SECURE BITCOIN MULTISIG WAS DIFFICULT.

BOTH ARE INCREDIBLY EASY NOW AND USERS TAKE IT FOR GRANTED. IT IS HARD TO IMAGINE A WORLD WITHOUT EITHER.

NOSTR IS YOUNG. KEY SECURITY WILL BECOME EASIER AND MORE ROBUST SOON.

THEN WE WILL ALL TAKE IT FOR GRANTED WHEN ANY INDIVIDUAL, COMPANY, OR GOVERNMENT CAN USE MULTI DEVICE COLD KEYS TO BROADCAST TO THE GLOBE WITHOUT PERMISSION.

The almighty fiat gods once again showed their power, twisting the very fabric of time to their will in the midst of the night, making me wait an extra hour for my train this morning 🙏

#DaylightSavingTime

🤣

Anyway, a good morning to you sir ☕.

In less worldly news. I am building (slowly and inefficiently), a more skilled pleb is building something for me as well, and another pleb has fun plans for Thursday.

Hitler was voted in by a majority

To quote my wife, winners train, losers complain

No but got the funds together for a new one to be installed at the weekend…

So moaning about moaning is where it’s at?

Morning!

NPC’s globally have their marching orders:

JOE ROGAN IS ONE OF THE WORST PEOPLE EVER

Ever…

Hitler. Stalin. Mao. Bin Laden. Rogan.

People who say #value4value cannot be done should not interrupt those who are doing it.

GM 🧡 ⚡

There are few things that bring me more joy than those first few sips of coffee on a chilly autumnal morning.

Even though many of us here have transitioned our time to a paradigm change that unites 8 billion people on this planet, many of our friends and people we love…have not yet.

Their world view (and maybe partly ours too) is then still infected by a system that preys on them. Extracts from them. Keeps them stuck. If that is true, then it is hard to stay above the noise when the people we love, people they love, and so on, are “experiencing” a pain that is very real.

All around us, unbelievable tragedy and chaos with people taking sides, while believing that they’re or their side is justified in the stealing from, harming, or killing of other people for “their” cause. Our politics, our media, our institutions are all similarity captured by it - leading to further division and righteousness, while people become numb to it all - mostly unaware of how it is hurting them deeply. How could it not?

This is the lens of the world that the majority is looking through, reinforcing, and making stronger through everything they see and do.

Just as real to them….as the truth, hope, and abundance that #Bitcoin imposes on the world is for us.

Yes, we “try” to stay above it because we know that the system problem cannot be solved from within it, and our time is more valuable in bending reality to the new system.

But

it is worth a reminder as we go this chaotic transition that so few understand:

When someone we love hurts, we hurt too.

And there is still much hurt.

Much love to you all!

#Bitcoin

#Nostr

I just want to get back, back to my old self

Fascinating time to invest in these businesses

High risk

But very high reward

Key is the people.

Nobody will ever make enough money from voluntary donations to have a proper career except for a handful of popular creators. In the real world, whenever donations are mission critical they are accompanied by fundraising, which is time spent procuring donations. Content creators don't have the time or resources as individuals to do that kind of marketing. Fundraising is a lot of work.

Relying on donations is an abysmal prospect for anyone trying to make a career from creating content. Many, many talented people on established platforms outside of nostr aren't making enough money to have a proper career. Doing it on nostr right now is even more difficult.

I think going all in on V4V is naively optimistic. The reality is that content creators need an array of tools to monetize their content and being dogmatic about V4V is not productive. It's frankly discouraging to anyone who hopes to monetize their craft, because it's totally unrealistic. It's silly to talk about how the theoretical price of digital content is zero because people today still buy shows on digital platforms instead of pirating them. Maybe answer why people still do that and you'll start to see that there are other factors you aren't considering.

No prisons, no limits.

It doesn't make sense to put a jpg or a blog post behind a paywall. If it's good, it will be available for free in no time. Someone will right-click save the thing, or take a screenshot, and send it around or republish it. Trying to fight that is stupid. Putting chunks of data behind prisons is stupid.

All data can be reproduced at zero marginal cost, leading to infinite supply. That's why market prices are ridiculous for blog posts, and why it's equally ridiculous to try to sell a single blog post. What you CAN sell is access to an exclusive club or community, as well as access to the author. That's what all Twitch/YouTube/OnlyFans have figured out. But make no mistake: they're not selling JPGs. They might sell early-access (in the case of OnlyFans) which is fair, but it's not selling a JPG as you would sell an apple. Early access because if the stuff is any good, it will be available for free to anyone everywhere.

Here's the thing: people love to support other people, so let them. No limits. The success of Patreon and Substack does not come from paywalls, but from the inherent willingness of people to support others. Lean into that. Let people give without limits.

Social signaling is important. Community is incredibly important too. Do that right, and we can 100x the whole space just like a switch from $50 per game to free-to-play 100x'd the gaming industry, selling cosmetics and social status only.

Computers are copying machines. Information yearns to be free. People want to support the stuff they love, and they're willing to pay for it. Not all people, but ~4% of them. And that is enough.

In the same way that the high priests of Keynesian economics aim for a 2% inflation rate

Is there a deflation rate that is optimal?

(Assuming 2% inflation is actually optimal, which I would strongly argue it might not be… forgive me not a great question! 😂)