I have problems keeping up with it all

Does hanging and chilling out while discussing count?

https://iris.to/note1kdj7lju2uvpsmc8hg97p28hkgr6ytw3r0nkmg36dlv9xe05v2qsqh0jhue

Bitcoin is a tool, but a very basic one at that.

I saw an interesting post a while ago that went like:

"Bitcoin was specifically built for Crypto-Anarchy. You can use a hammer however you want, but a hammer was built for hammering."

A hammer was 'invented' probably as a weapon, a tool to process food and to build by breaking stones, bones, and others in order to create stuff of the pieces rather than to put them together, so the question becomes then, "what is hammering, other than using an hammer?"🤭

Jokes aside, Bitcoin is rather a stick, a handle then a hammer 🤔 at least if you think of it as a tool form.

For whatever goal Satoshi Nakomoto might have had in mind to write the Bitcoin code (not argumenting it was not for Crypto-Anarchy), Bitcoin the tool is the mix of its history, adaptation, network, (of course also) the code, users and even possibilities in usage.

Being a stick/handle is what makes Bitcoin the only relevant "cryptocurrency". Even though anyone can copy the principle of a stick, put any head on it to increase its functionality, it will still be a stick with a tool on top. Without the stick (or a shitty one) the tool itself becomes less efficient ( it doesn't necessarily becomes useless).

The stick will need a fulcrum to be used as a lever, needs the hammer head to hammer in nails, or the axe-head to cut wood.

So when you consider your stick to be used as Ancap money (or for Crypto-Anarchy), you need the right 'head' to make it so. A lot of people don't have the combination of skills and will to use such a tool successfully. But they might have other uses for the stick that are lost on those that are able to use Bitcoin as Ancap money, this all without taking away your option to use the tool at hands still for Crypto-Anarchy.

That is the real strength of Bitcoin: It is the handle-stick that makes increases the usability of the tool you are in need of. It is the lever-stick that helps you to use the fulcrum your work.

Imho, Bitcoin has no goals, but is the best handle for leveraging the tools and your work into attaining your end-goal.

#MeshtadelMushings

GM 😊☕

This is kind of the unvoiced point of my mushing, or maybe a follow up 🤭🤔. Note how f.e. events are willing to take a cut on the price of a ticket when paid in Sats. If on average there is a 7.5% cut compared to the fiat price (often see 10, but I don't want to exaggerate). This means those buyers, or seller of service/goods for Sats (in our example the organizer of Bitcoiner event) want to offer a premium to get your precious Sats.

With my hypothetically averaging 7.5 % cut, this would mean there is a premium of 7.5% on your Sats. Knowing that some P2P buyers complain about 5% premium, they should be happy now knowing that it is possible to have offers that are in comparison 2.5% cheaper 🤭. (True the venue plays market maker, and any of these buy offers might get taken fast on f.e. HodlHodl)

What both (sats for goods or P2P sats for fiat) don't do is influence the measurement of value 🤔.

Even more, both are most often still based on the broken measuring stick of fiat value. A calculation > how much is that in USD/BTC terms and how does that compare to the current "BTC price" - and in case of sats for (common) goods also : how much is that compared to the fiat price.

In other words, we are not ready for 'a Sat standard' and I am not even talking about 'normies', I am talking about 'we' as Sat stacking MF'ers 😁

Again this is not a call to do any change or action 🤭 just pondering on the 'what do we have now'.

The best trade is between global scarcity and local scarcity. As you do at meetups: bring a good that is locally scarce ( can be even globally scarce, but doesn't have to be🤷🏻‍♂️ ) and trade it for something globally scarce (Sats ofc.) Since then the fiat price of those sats become less relevant, and turns rather in the personal economics of : "do I want/need this good more than I want/need these sats. "

Which should be the true measuring stick of your Sats' value right?

We had an awesome chat during Meshtadel on the 8th 🙏🏻. We talked about so many cool things, and one topic that led me to writing this note was P2P trading (Sats to fiat and/or products).

A lot of Bitcoiners prefer (and they're totally right) P2P trading but here's the deal: most of these P2P trade prices are based as a premium on the current spot price which is determined by comparing the broadcasted value on centralized exchanges (automatically by the P2P exchange or by the actors themselves). Now we are all cheering for the liquidity on those exchanges lessen since this means more traders become HODLers, getting their sats off the exchange, leaving only those sats on the exchange that are A) an urgent sell (a HODLer depositing Sats he plans to sell due to whatever need) B) people who were planning to sell anyway (and C) owned/custodied by the exchange which is one of the argumentations to get our sats off the exchange)

So all that we have on those exchanges is A) sell pressure, B) Weak hands (and C) Manipulation utxo's)

Not arguing to use centralized exchanges more, but rather asking the question: Is there not a better way for P2P price discovery than what we are seeing now.

The answer of the "why" for the current situation is in my simple understanding (read: I am just guessing ) : this is what the market demands. But the market demands that because the market is looking for a measuring stick.

As a lot of Bitcoin-'educators' pointed out already: Fiat is a broken measuring stick, but even when trading P2P we are still falling for that broken measuring stick.

Maybe it is time for the Sat/egg index 🤭. The amount of Sats that the market valuates a specific daily useable good that is sensitive to inflation, preferably fulfilling one of the basic needs (such as in the egg example food.)

Maybe revhodl@vida.live could create a Sats-to-Lamb index we can follow 😉

#Mesthadel #MeshtadelMushings

Intelligence is relative 😉😊

this is#FollowAdvice 👉🏻 follow revhodl@vida.live

#Meshtadel #funny #plebchain

#MestadelMushing @800100

"Custodial (lightning) wallets are good for my LT HODLing 👀"

One of the reasons I still look at f.e. Twitter is because I want to keep exposing myself to takes that are in conflict with my own (current) believes. On the other hand a lot of takes are just plainly retarded and not challenging at all so I just take an opposing view, trying to see things from another point, sort of self-adversarial thinking.

My controversial take of today states something I would strongly disagree with myself in the past, so how did I get to this statement, and how would I justify this weird take 🤔

There is once in a while a spiraling discussion/hot take on how we should not recommend custodial wallets to noobs (or anyone else for that matter). Instantly my personal duality is reverberating on those by agreeing and disagreeing at the same time, simply because: It is so much easier for a noob to first play with some free Sats on an easy tool, and then to understand more and dig deeper ending up in the rabbit hole of their choice.

In my view it would be hard to convince people to switch to something harder to do without a clear instant benefit (we are trying to revert high time preference people, which is best done with a low time preference😉). You can see in society that people are being conditioned to use tracker money by presenting it as something fast and easy. So the way to introducing them to Sats has to be just as (or even more) fast and easy. Including installing the tool (app.).

On the long run I would hope my orange pilled subject is turning to self custody ASAP, but as with anything: I point out my point of view, afterwards to each their own.

But what for me? In full disclosure, I hade a good Lightning node running, until I ran into some DB issues on that node that coalesced with some DB issues in my head 😅. I closed channels and put node in figurative fridge.

So how does this turn into the above statement?

For a lot of plebs Sats are the solution to keep anonymity, freedom, and above all the absence of stringent control over the movement of their financial transactions.

When buying goods that are delivered to an home address, is it a good thing then to pay for that good in Bitcoin?

Maybe there is no other way, or you just want to support that specific project, there is some information you will always give up some information (Such as: You at least know about Bitcoin 😉) depending on your knowledge and relevant skills.

I am a good example since I am not that technically skilled/experienced, and still I am at least more aware than a good chunk of people around me.

For those who do not understand how to take better care of their privacy, it might be a good idea to diversify:

- Some Sats, KYC'ed or not, on a custodial lightning wallet.

- Some Sats on a non-custodial lightning wallet,

- And some generational wealth that you put into the safest storage that fulfils your personal needs.

And any other mix you want to explore and study.

Having a custodial lighting wallet allows people to have some "Quick and dirty" spendable sats. If it is to play, or to showcase potential new-coiners that Bitcoin is not only the "old and boring" (read reliable and safe), it takes at least one worry away:

These Q&D Sats don't instantly trace back to "a CJ utxo I want to keep secret" or "the grandchildren utxo that grew a lot more valuable over time that might tempt a 10$ wrench attack"

We can all agree a custodial wallet is not a good place to store a substantial portion of your Sats long term. But if you have some money on you that you can pull out in any situation, you don't have to worry that anyone sees you rummaging through your 'strongbox'.

In conclusion: that custodial (lightning) wallet makes absolute sense to me, at least when a privacy focused OG shakes their head disapprovingly when they see me paying with f.e. a Wallet of Satoshi, maybe I was just able to obfuscate my knowledge 😉

#Meshtadel

Verifying my Nostr Nests identity: H_dG89GzkPLifuwp94WOwO2AlzNn4zW-n5dKMlQvMLU

https://nostrnests.com

Ok, got to do this Nostr better 😅😅

nostr:npub1905c85e2nr25650up3wxjw0hs2arlz9xd4zw02juanaftyag3eyqsn3w9x nostr:npub14hn6p34vegy4ckeklz8jq93mendym9asw8z2ej87x2wuwf8werasc6a32x

nostr:npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7v

nostr:npub1cwnpmxyr2jd3jmzzudyvtqx3ylp45angr46pw9cn92djhh2yn7nqasrrz3

Using the thank you note as an opportunity to get hang of at least tagging in nostr:npub1sn0rtcjcf543gj4wsg7fa59s700d5ztys5ctj0g69g2x6802npjqhjjtws for Nostr 😊

Thank you

Relai 🇨🇭 (npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7v)

, anil@bitcoinnostr.com (npub14hn6p34vegy4ckeklz8jq93mendym9asw8z2ej87x2wuwf8werasc6a32x)

and

Konsensus (via Niko then: npub1905c85e2nr25650up3wxjw0hs2arlz9xd4zw02juanaftyag3eyqsn3w9x)

🙏🧡🥳🔥

(and

@copiaro

npub1cwnpmxyr2jd3jmzzudyvtqx3ylp45angr46pw9cn92djhh2yn7nqasrrz3 for the extra sticker and perfect delivery experience 😉👍)

https://void.cat/d/QgkqMTbLxRuq2RhTyGr9ez.webp

Happy Birthday then 😉

https://void.cat/d/7XbpxDKtoRXiL2B6erVFC2.webp

When I read about soapbox here: https://snort.social/e/nevent1qqsg35k7ynr4f0lmnxn4hmc47ccyptuhk0c08f33d5l2cd80xm6cqhsppemhxue69uhkummn9ekx7mp0yvqgl8

I started to ponder the future of online social interactions. It seems to me that we would evolve to having 3 types of profiles:

- the public (a person identifying as themselves)

- the pseudonymous (a person identifying themselves with a linkable but not known to all profile)

- the fully anonymous (to the degree of the skills to fully anonymize oneself which is harder to do than a lot of people suspect or are willing to put the effort into due to the comfort level of using the tools they have)

Depending on the profile, a person will have at least one, but in a lot of cases a mix of these 🤔.

A sort of decentralization of one's (online) identity 😂

#MeshtadelMushings #Meshtadel

I guess that is part of the infancy of Nostr 😊

So since that is the limitation of the moment, I keep it for now as 'by design'.

A lot of coder-talents seem heavily engaged to improve the UX of the protocol through the different tools that are being built 🤷🏻‍♂️

Still figuring out Nostr as a whole, but as I see it,...

Nostr has the potential to become what you need it to become for yourself. Just like Bitcoin, Nostr is a tool.

Just like Bitcoin you can use that tool for whatever you want.

So what do I want Nostr to mean for myself?

At the moment I am still exploring the "exploratory" features of Nostr 😊 : I see a lot of (good and/or funny) memes passing along, a bunch of good articles/info as well, but I am still having problems filtering out the things I want/need.

That is not a problem of Nostr or Snort, or Plebstr, or whatever, probably it is just my own incapacity to focus and deep dive in one go 😅. I am not yet sure of what info exactly I want to get out of this great tool.

What I want to bring to Nostr?

Probably, since I don't consider myself a very innovating source of information, not that much of interesting content. But that is exactly the great thing about Nostr 🤔 you bring whatever you want to bring. No need for zaps, just sharing some ramblings on some ideas I am working (very slowly through) and this becomes a quite public journal of small and stupid discoveries 😊.

Verifying my Nostr Nests identity: H_dG89GzkPLifuwp94WOwO2AlzNn4zW-n5dKMlQvMLU

https://nostrnests.com

Europe

After taking a long break from (social) media in general, I discovered how far behind I am. Putting my first steps back into the Bitcoiners world. Exploring how NOSTR has evolved 😯.

Used to have a keypair in the beginning, where I never posted much (and lost keys in my mess)... man this thing evolved!

Anyhow, hi y'all (again) 😊