GM!❤️‍🔥☕

GM!

GM! 🌞

Rest well

GN 😴

... and before internet Nostr used to be mail?

Thank you for the kind words sir 🙏

I thought it would be the Dutch...

Heineken tastes like dishwash water, so I assumed they did do their dishes with it 🤔🤭😜

By the way #freeSamurai

Although I might agree with you on value, my brain can't wrap around price. 🤔

Value is the worth. A KYC free utxo is measurably worth more than a KYC'ed utxo.

The price of Bitcoin though is measured by keeping only in account the CEX'es on which a lot of P2P exchanges also base their prices (as a % premium on that averaged CEX price). In all honesty I do not know how BISQ looks nowadays 😶‍🌫️ so not sure if there is just a demand price or a premium.

But now even if we all agree on f.e. BISQ that nonKYC sats are worth 100k, that won't change the price on the CEX,... thus not influence 'the Bitcoin price' (as measured by indexes) unless ofc. there is a rise of a new Samurai that allows for mixing KYC'ed sats and thus being able to sell those on a P2P exchange (creating a bigger demand on the CEX exchange and thus pulling the price up)

What I am getting at is not to buy on KYC exchange,... on the opposite ☺️

I don't (want to) care about the price, as long as I can buy and sell my goods and services for sats with the people I know value these sats on the same level as I do 🤔

If that makes sense? 😆(not looking for agreement or not, just not sure if I am able to express myself clearly, I have a cluttered mind & it shows in my communication

😅)

I don't sell sats tbh, KYC or non-KYC ☺️

But so what you are saying is that buying/selling P2P (at least on Bisq) wouldn't influence price at all?

(Not that I would change any needle even by the merest decimals by the small amounts I am able to stack nowadays 🤣 even if I would buy on a fully KYC major exchange )

1. If you buy Bitcoin on exchange -> direct influence on the demand on exchange >> biggest NgU influence

2. buy on P2P exchange -> this is influenced by 1. (as putting in base price) if there is not enough sats on P2P exchange, premium goes up ->> convincing some people to go for the arbitrage opportunity (buying on KYC exchange, sell on P2P)

3. The price doesn't really matter, since it is only measured at the (KYC) exchanges 🤔 if you send to whatever online shop without knowing who is behind it, it might as well be sent to an exchange. As the market 'matures' there are companies (or handlers for those companies) that accept BTC payments but revert it instantly to fiat.

Those sats get then thrown together in a bigger company where KYC complience becomes more important.

IF we all trade with our F2F peers, this is truly the only way to see BTC as 'elecronic cash' 🤔

F2F I mean as: you at least met once F2F. Let's mint it here: Know Your Peer economy 🤣

Or maybe F2F means Fren2Fren instead of Face2Face ☺️

Unpopular opinion:

If you want NgU you have to buy your sats from an exchange (P2P or not doesn't make that much difference in the long run).

If you want Bitcoin to succeed, you need to built your layer 0 [^1] by trading Sats for goods, services and even fiat with your closest peers, preferably F2F instead of P2P

🤔

[^1] a free interpretation on nostr:nprofile1qqszecrf0dpsc9jpt9gr3ywury4rpdadt0pnqljr0lpx3u9trm3a8lqppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7mn0wd68ytn00p68ytnyv4mz7qg4waehxw309aex2mrp0yhxummnw3ezucn89uregkp7's

> `Layer 0 > layer 1`

in the nostr:nprofile1qqs078t9u79vs9vjlflth84le8ckxyywp0hcpacktrp9f9l28q75j4cpz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhs9lu0z6

#Meshtadel #pondering

nostr:nprofile1qqsy6q3ua80awknlxp6m368qssqghct6ra6scca4meepumhcswkuwegpz9mhxue69uhkummnw3ezuamfdejj7qgawaehxw309ahx7um5wghx6at5d9h8jampd3kx2apwvdhk6tcppemhxue69uhkummn9ekx7mp0hzcsrt

Oh shit, did I just break nostr:nprofile1qqs2vrneurk665gq6a2rke572y7mc8ppwr5wnd60mw8fwxharc8xsycpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcpz4mhxue69uhkummnw3ezummcw3ezuer9wchsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0j9cycq ? 😅🤭

Trying to keep up with all acronyms...

WTF is MLS? What is a DM? But most of all, what is a JeffG? 🤭

Seriously though, can you TL;DR me on MLS?

Community built podcasting,... From show to swag if I understand correctly 🤔

The people have a voice here 👀

Must be Podcasting 3.0?

👇🏻

nostr:nevent1qqsfnj6s3f2jyertuj5yhx5tuh96c2gezqfz4lmduvu8ceftfn0upqcpz9mhxue69uhkummnw3ezuamfdejj7q3qjcympy69pht7ptan39se4nd09e4q66qhey649uu3rczm2zh88c7sxpqqqqqqz9d6aff

Ok, I have a question for the Bitcoin Brief 🤔

I want to invert the entire advice and do the opposite 🤭

I know address re-use is considered bad practice, but I was wondering,... And even numbers is easy to track, but imagine.

I chop up a big UTXO in smaller parts and make it an even number. Let's call it 1,001,000(*) Sats.

Now there is a chunk smaller than that left , the remainder. So I send out this remainder in the same action to a fixed address.

Now I do the same with another UTXO, but I denominate tlin smaller amounts, because it is easier. Again use same remainder destination address. Now there can be an assumption that both actions are same player. Yes.

Now I convinced another bunch of people to do the same, for the fixed address is not mine, but belongs to the wallet of f.e. A fundraiser these UTXO dividers agreed upon. 🤔

(*)The 1000 Sats extra are for fee in future where I want to use the smaller UTXO for.

Did I now decreased my privacy, increased my privacy ( aside of for those who are in on de fundraiser), or just made a fool out of myself?

PS: Stop typing, I know you want to help a poor dumb Soul, but keep it for the BB 😜

GM! Go and add'm 🌞 💪

GM! 🌞