Avatar
Matt
fea186c2a4678dbc437704eed2160846e8a781e5fb17056e9bb333840d5bdef2
GM, GN, and GFY.

I'm taking a week off Nostr to focus on some personal projects. Sorry if I'm dropping anyone in the middle of a discussion. It isn't personal.

Peace!

16:10 aspect ratio is god tier. I can't go back.

And my wife wonders why I keep these ragged ass cotton t-shirts for wearing at home 😂 I've had them for probably a decade.

I also think storing wealth in cold storage sats vs fiat in a bank matters. Buying something using sats, even if that means converting into fiat to pay someone who only accepts fiat, still makes a difference. I don't think it's as simple as just making a Bitcoin world. I can't force hospitals to pay me in Bitcoin. But I can send that check to Strike and have it converted to Bitcoin immediately. There will be many years of a weird transition and I think intermediate products help with that. At least they help me. I can't do what you're asking by myself for the entire world, but I can do division right now for my own money. It's imperfect but better for me. Comparing to gold is a better yet, in my opinion. I'm truly open to perfect solutions. I just never see any.

I don't agree that they're doing nothing, even if you're right about the comparison to fiat (I think you are). But we do live in a fiat world and there's no way to just warp past a transitionary period. I think interim products that help people bridge are worthwhile. Even Bitcoin only businesses often struggle to buy every component in Bitcoin only. But I still shop with as many as I can. nostr:nprofile1qqsppdnxpjc82jlm3yn9gawhv7p4nm69a3f80rg5ycw305xned2s0hcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9mhwden5te0wfjkccte9ec8y6tdv9kzumn9wshsz9rhwden5te0v9kxwmeww468smewdahx2tcq7d5tl is an example. I don't know if they buy everything in Bitcoin or not, but I've seen others say they can't yet pay every vendor directly in sats. Having every good priced in sats is the only way I see we can achieve your standard. I agree with you in a puritanical sense, but I don't see how we get to that point without the thing youre saying is useless.

Good point. We have a mountain of our own failures in many areas. I think the UK is generally worse off right now though.

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Replying to Avatar Hanshan

ok so

its needs to be said that this is NOT the comparison of three hard assets.

this is the comparison of the *fiat valuation* of three hard assets.

ie, The comparison of the USD price of gold versus USD price of Bitcoin, the USD price of silver versus USD price of Bitcoin.

the difference is critical to understand since direct valuation isn't possible and all asset prices inherit fiat distortions.

if there are structural reasons for the fiat to prefer one asset to another, that will be shown in the valuation and therefore the comparison. price and comparative value will be skewed.

there is NO honest pricing on an arbitrary fiat standard.

it may seem like a pedantic and unactionable difference. after all, there is no other yardstick. The USD is the unit of account, all prices find their way back to USD denominated "value."

but on the contrary, understanding this is THE MOST actionable. once the implications are understood, we understand we have to *directly value our time and energy in Bitcoin WITHOUT relying on fiat valuation*. Otherwise we are not truly on a Bitcoin standard, we are still relying on fiat to measure the value of our time and assets.

understanding this also shows us how difficult and terrifying it will be to actually move off of a fiat standard. it doesn't happen just because we divide by the USD price of Bitcoin.

how many of us are willing to price our time directly in sats without looking at the USD valuation of those sats? nobody. we can't afford it because the fiat system has us by the balls.

considering this, the true difficulty of creating a REAL Bitcoin standard becomes clear.

thank you for your attention to this matter.

#Bitcoin

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I think people would be better off accepting that this is likely a multi generational process. We're basically the US founding fathers 250 years ago. We will see a lot of benefit, but probably nowhere close to the best of it.

At least that's how I think about it.

Lol they already have. Plenty of floppy dick gifs and other degeneracy. It comes in waves. The beauty is that it isn't free to carry out sustained attacks. And we grow.

This is why I think it's important to have a profit motive. I pay for services so I can't be told I have no right to expect something in return. Of course the owner can still default and lose me that money, but at least I can stop paying if they don't seem to give a damn (or can't because of economics) and fund someone who wants to earn a living giving a damn. And I'm increasingly unwilling to provide any funding until they sufficiently prove they give a damn and won't just leave me hanging if I adopt their thing.

Assuming ecash delivers it's privacy promises, I'd rather use it like a small cash wallet than deal with Monero. Monero was an absolute miserable pain in the ass to actually use back when I gave it a go. It took me a very short time to realize it probably wouldn't end up being meaningfully adopted. At this point, I feel better off just using the various Bitcoin tools. Youre never going to fit it all into a single layer. Maybe things have improved UX wise, but it would have to be a massive improvement for me to deal with it again. I'm curious how many people are actually using it like I am Bitcoin today. I see all the puritanical arguing on here, but I mean actually using products where you can have your fiat check land as Bitcoin and spend it using on chain, Lightning, or ecash. Or using something like Bill pay from Strike, gift cards bought with sats, etc for fiat bills. How big is that ecosystem in comparison now?

I've had this same experience for the most part. I recently decided to stop wasting my time on anyone who isnt willing to prove they've done a basic level of education relevant to the topic. I'm still developing that standard and test, but I also do it with Bitcoin. It's saved me time. If people can't tell me what inflation is, we're done. If they can't go research the links I send them then why the fuck waste my own time?

The issue for me is that you have to trade it for the problem for it to be useful as a solution. That paradox is why it failed and is no longer money in any modern economy of meaningful scale. Having used both, I understand the anxieties of both. Gold was more anxiety provoking for me in general. I think this is a preference issue for the most part, but I don't think gold is an actual solution anymore. It's a hedge, but I don't want a hedge. I want a solution. People should just do whatever works best for them. That's not going to be the same for everyone. In a fiat world, I've made the case for using both to some extent.

Interestingly, I have no anxiety about having too little gold. I do have some anxiety about not having enough sats. Of course security is a concern (I've had to deal with gold in the pounds range and it wasn't a free lunch to secure either. It was harder and ultimately required trust and some external custody for me), but I don't treat my financial future like a repair shop document either. I can see both angles on this (due to experience), so I don't look down on anyone who wants some gold or whatever in the mix.

I prefer that we rebuild America as it was supposed to be so that we don't have to go to war with lesser nations like China. They'll either kill themselves off or be forced into becoming more free. Either way is a win. I want to see a world where the Chinese people are free too. I want us to export freedom rather than fiat and war. War is sometimes necessary, but it won't help fix our broken culture, politics, economy, or money.

You know a lot more about them than I do apparently. But I never looked deeper than how they seemed on the show. Sad to hear

Maybe have some sort of competition for charity or something. I'd zap the fuck out of some people on here 😂

I'm paraphrasing nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqprpmhxue69uhhyetvv9ujucm4wfex2mn59en8j6f0qythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7snuh0e Great way of looking at it.

Politicians have little incentive to change. I would focus on educators and artists. The politicians will eventually die and get replaced by people from the general population anyway.

This was a major issue during my undergrad. I spent a lot of time just trying to access academic research. It was probably half my time.

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Going with a story that didn't make sense the first time. But he made it work! Great actor, if nothing else.

I'm all for options. Unless you mean changing someone else's signed notes. That seems like pure chaos and destruction of Nostr

It seems like you would need a third key or a different type that can't sign but is required to piece together all the npubs as being signed by a particular key.