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Cykros
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nostr:npub18kpw3akvdsyk239lx0jgwksr74sq4nlha3r8u9g2rnrhztfpfhysy469c4 right by the bus stop. Seemed the right place for the message.

Ahh, for super small amounts I do imagine the friction to be a bit more of an issue to move from fiat.

I've been stacking with apps like ZBD, Ember, and sMiles so have accumulated 230,000 or so sats that way without any real KYC, but they're ad/survey/loyalty apps that aren't always the most pleasant in design.

Haven't tried a BTC atm yet, hopeful about some of those but not holding my breath.

Could always just try a Bitcoin meetup?

By being sure to post fountain.FM links to podcasts about bitcoin as a smooth way. It's bitcoin enabled, PAYS in bitcoin to listen, and...it's a Nostr client :-).

Meanwhile, one bitcoin will still be one bitcoin; it'll just buy more stuff

Yes, it'll get ahead of itself and retrace but we likely won't be seeing sales below $70k again.

Thats how bull markets start. There's only 0.002625 BTC in existence per person on Earth. $71k is CHEAP.

That's one way to make me feel better about insomnia at 3 am...

It prevents the creation of BASE money from thin air, but not credit (aka broad money).

Imagining nobody would extend loans simply because we have a bitcoin standard is probably wishful thinking. That said, it'd be done with more discipline than ever, as even gold's supply is a little flexible. But, as we've seen with the Eurodollar system, not having base collateral doesn't actually prevent banks from settling by the cancellation of mutual liabilities (which can arrive from all manner of money market movement, most well known being the repo market).

If enough people insist on self custody this isn't a huge threat as prudent risk management will not allow private banks to get too far from being able to be sure they can honor BTC denominated liabilities in the case of a bank run. But to the extent people are willing to let banks or other credit facilities hold their coins, we still have the dangers of fractional reserve and credit expansion.

The only real thing preventing this is that Bitcoin is a LOT easier to self custody and transact in than physical hold was. But on the other hand, people have gotten a LOT lazier...and less well read.

Just started running #Pokey yesterday. A little weird getting multiple alerts for the same events, presumably caused by it coming through multiple relays. Wonder if there's an ability to check for duplicate events (likes/replies) that wouldn't be too resource intensive -- otherwise this is honna turn into notification spam galore.

Otherwise, nice to be alerted to activity -- more pleasant notifications than the ones from Twitter (falsely called X).

Amethyst, or I just have "installed" Coracle in the browser, with a home screen shortcut. Both work just fine.

Replying to Avatar Jim Smij

Nice tattoo, very 3D.

Well...it's got elements of verification though, if used that way. You at least need to be able to get the file onto a webserver. For folks like Lyn Alden running their own domain, it's a pretty decent defense against impersonators, as presumably, Lyn's not providing file hosting to her various clones.

Obviously if you've got an @iris.to address, there's no verification to it, and is just as you say.

Worse than early alarms is when your dog wakes you up 45 min before the alarm. Early enough that it's all that much more annoying, and late enough that you're really just not gonna get any useful sleep if you get back to sleep.

Yea, I've seem 'em around. It's better than CPI. Nothing's really perfect since gold has been demonetized, and that was only ever really as good as could be hoped for.

As BTC grows its base of economic activity its price relative to USD will approach a good measure but its far too small as of yet.

I do -- though I do have to wonder what measuring inflation correctly could ever truly be given that we don't really have a way to measure money supply, and no basket of goods and services is ever truly complete enough to be a representative sample. Never mind that over time general consumption habits change -- shall we still weight the price of cigarettes with the same weight that we did in 1995?

Though I'm not sure I'd say it's that the US economy is so robust, so much as that the US financial sector reaps the rewards of the Cantillon effect, by which it is able to buy from all of the various prosperous economies of the world, in a somewhat neo-colonial arrangement. Arguably this serves to impoverish many in the US, much the same as how the Bank of England's hegemony in the 18th and 19th century didn't mean everything was rosey for working class brits. Just rosey enough to keep the army and police interested in keeping the populace from rising up.