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Cykros
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Replying to Avatar Ryan

Go here, make an account.

https://coinos.io/

Add your new @coinos.io address as your lightning address in your Nostr app. If you don't know how, try #asknostr, we will help 🤙

Oh nice, an option that works in the US and isn't based in China. Speed.app has worked fine enough for me, but given that it appears run out of China I usually assume everything on there is play money and may disappear at any point. Not that anyone should assume otherwise with ANY custodial service, but it feels especially true in this case.

It's usually granted to everyone automatically, to be revoked at the whim of some bureaucrat if they feel inspired.

Also, there's a lot of talk about coffee too. And cooking. And some really nice photography. Seems like people just can't be bothered to look around.

Besides, if you want to talk about something else, then talk about it. If you build it, they will come.

Huh? I wonder if this is a particular client's settings or something. I see generally what hashtags I search for, people I choose to follow, and often expand it to people who follow me, and people those I follow choose to follow.

Some of that will have the effect you mention, which I'm aware of when I search for it (as sometimes, I WANT to see the pulse of the "main channel" as it were. But hashtags seem not to be sorted on Coracle anyway other than by most recent -- I see what I search for, without any editorializing.

On twitter, on the other hand, if I search by a hashtag, the results are sorted based on their algorithm, rather than most recent. This is where shadowbanning comes into play. To the best of my knowledge, no client currently does this, and the network itself certainly doesn't.

I must have lost a zero -- this is what I get for posting before the coffee's had time to work.

And yea, I paid around $100,000 for a month of rent at one point, so I feel the same pain. Especially since it turns out I was eligible for unemployment during that period where the restaurant I worked at was temporarily closed as they moved locations.

Going where the incentives lead in a fiat world will do that to people.

I could farm crops, and produce more, but if I just play with the market instead I end up with more food. And just because I know this isn't productive doesn't change the fact that at the end of the day, I'd like more food.

Replying to Avatar Suhail

🥩

Is this what we call "surf and turf"?

Arguably, a dollar deflationary period would make things very uncomfortable for anyone short the dollar/long bitcoin, potentially on both sides of that equation. Not on a permanent basis or anything as fiat doesn't do deflation for long, but when you're dealing with debt that needs to be serviced, time is a factor you can't ignore.

Not something I'm predicting or anything, just one way it could go poorly. More nuanced situations are possible too, such as the somewhat predictable 4 year cycle falling apart and being over-extended on debt --the timing of the start of things was already a close call. Or crude situations, such as regulations stepping in to tell Saylor what he can and can't own on the balance sheet.

I'm not going to say MSTR is a good or bad idea -- just acknowledging that there are always risks associated with leverage, especially when that leverage is tied to fiat currency, which itself IS leverage. When you hold bitcoin, on the other hand, as long as you alone hold your keys, its yours. Period.

I predict it'll pop sometime around the time we start traveling around to other star systems and it being tied to the terrestrial Internet will be its big drawback, just as money needing to be sent over long distances quickly was gold's downfall.

Everything's a bubble; just depends what sort of time horizon you look at it with.

The reciprocal of Twitter. Progressive purity spiral all distilled onto one neat platform the rest of us can comfortably ignore, never worrying about having missed anything worth reading.

That's what zap.cooking is for. Save money, cook for yourself, and eat fresh food! Eating out is a good way to make an expensive steak taste meh. Getting good at cooking at home is a good way to make rice and beans taste awesome.

Looks like someone decided a modern wallet was probably a good idea -- something quantum proof, or perhaps looking for multisig. Why it took til now of course is the question -- perhaps just out of prison?

The crazy thing is, this probably cost them ~$20 when they bought it, assuming it wasn't mined...on a CPU.

Thanks #nostr for not being like Twitter where everyone's patting whoever this was on the back for "taking profits."

Yikes, with that much money even the 0.13% expense ratio is eating money that adds up. You'd think Goldman Sachs could afford to set up a reasonable multisig wallet for themselves.

The worst is how so many STILL see it to be a "too late" situation is mind boggling. If you don't see the ratcheting up of price cycles by now you might need to see an optometrist.

Growing forever is an interesting concept economically speaking. While of course there's an infinite amount of "stuff" to buy, arguably there could be an infinitely large (or at least indefinitely large) amount of services one could say no to in favor of Bitcoin, which would give it that indefinitely large if not infinite value potential. I would tend to say this is unlikely, if only because at some point base survival needs tend to kick in -- but hard money does tend to suck up extra value rather than encourage wasteful spending of resources in non-productive manners.

On the other hand, in fiat terms, while arguably in a mathematical sense inflation is multiplicative, it could perpetually approach while never arriving at zero. In practice, people tend to avoid fiat completely at some point, because it just gets too cumbersome to use (the paper is worth more as fire starter, or the cost to transport becomes worth more than the paper, or any other number of ways to visualize this possibility), so it does effectively reach zero due to friction.