One of Bitcoins greatest strengths is its simple message for newcomers: It is the best savings tool humanity has ever known.
Work, save in Bitcoin, lower your time preference, keep on going.
Then sit back and watch as they naturally want to lower discretionary spending to increase their stack.
Contrast that with the messages coming out of the shit coin world, even just etherium: it’s digital oil, no it’s ultra sound money, but it’s also a digital bond, actually it’s all of those things, but it’s also the world computer, it’s the home of defi man, and it’s going to flippen btc one day…..
#bitcoin #nostr #nostrich #nostriches #ethereum #bitcoinonly
I can be a bit pedantic or semantic with things, my preferred way of desribing it is btc's supply is better described as disinflationary, vs fiats inflationary supply (except for recessions / depressions).
With demand, those supply dynamics affect prices (moreso than value which is subjective) accordingly. Sorry, i know i can be annoying and they're essentialy two ways of saying the same thing
Saturn's moon Titan has so much that it rains hydrocarbons (dinosaur juice)!
Still, for those with different view to me.....'I Disapprove of What You Say, But I Will Defend to the Death Your Right to Say It'
#nostr
Ahh got ya, thanks, still quite new here so learning the basics.
So I’m guessing the nprofile is basically the metadata (profile pic, bio, link) associated with the npub/nsec key pair I created with Damus client when I first started?
🙏🏽 appreciate the run down, can’t get over how helpful ppl are on nostr! I’d heard of njump prior to joining but not nosta.me, the nosta.me page looks better to me
Thanks man 🙏🏽 ⚡️yeah I’m slowly getting into it got the wallet set up with the client, next step self hosted ln node on a home server ha ha that might be a ways off yet
Coinos.io sounds good, someone else here recommended them, running iOS but will prob go to a non-custodial one when switch to a new one. Cheers heaps for ya help 🙏🏽🍻
Anyone who has neck / back issues especially at computer or driving, i feel ya pain!
Had injuries in the past that cause problems? I've settled on a few things that work really well for me, nothing groundbreaking, but they just work.
Physio's & chiro's feel great at the time & are how i got most of these things, however without a routine i found myself always needing to returnto them at some point. And imagine if you saved all those osteo bills in BTC over the years!
1) A full campaign of stretching every other morning. Routine / creating a habit seems to be key here, & prob helps with circadian rhythms also.
2) Every other day focus on core & hip strength, this can have an outsized impact compared to anything else.
3) Daily walks. Get in the natural light, leave phone at work / home, do it, its great. Bonus points for barefoot if your not walking on icy cement or needle ridden streets.
4) Adjustable desk. Your body will tell you when it feels like standing or sitting
5) Frequent micro breaks away from desk, stretch your body out by putting arms up to a doorframe & leaning fwd. Bonus points for nurturing the left / right brain by juggling (rolled up socks won't bounce everywhere when dropped) or touching left ear with right hand etc. Yes this could be ridiculous in a workplace, easier for those who WFH.
6) 5-10 mins laying down in the evening w/ a rolled up towell under neck, or the blue plastic thing-a-ma-jiggy-me in the pic (Start w/ 5 mins!)
7) A cushion behind the lower back of your car seat, make adjustments for max support / upright back as possible.
8) Lift weights. Have a cup of cement & harden up. https://image.nostr.build/7f74b4ceb2c402dde567ce771bedd6d246e79ca784b46c82893d6eb6ef2ef01f.jpghttps://image.nostr.build/aea68aa4a53ec580d8959c9189dc3f42765e23047e373c51fcdaed6e9156c5f5.jpg
I think another thing they’ll achieve directly & indirectly is making more swathes of buildings uninsurable, or prohibitively expensive mortgages & insurance policies. Then after widespread weather events, land can be bought up on the cheap & the govt lobbied to pay for new land & water engineering for future flood mitigation
The hyphenation turns into a plus symbol if the man’s last name comes first and the woman’s last name comes last or the hyphenation turns into an equals symbol if the woman’s last name comes first and the man’s last name comes last
@dsbatten have you dealt with anyone from Chevron’s Gorgon gas project in Western Australia? Seems right up your alley.
It’s the world’s biggest CCS project, which has been giving them nightmare problems & delays.
Wondering if anyone has presented to them the opportunities around Bitcoin mining there?
Satoshi Nakamoto…….The reason why we’re all here…..shitposting about sound money & freedom.
Isn’t the Butterfly effect profound, a small action that compounds over time.
Seems like it got the association with twitter through the initial @jack connection and that stuck, immediate an lasting mainstream (sort of mainstream) awareness. Kinda like a sugar hit that wares off and leaves one with a comedown.
Use one of the solutions that allows you to accept btc & convert to your desired fiat currency on their backend.
You don’t need to touch btc at your end, while still being able to offer lightning as a payment option to customers.
For your financial planning keep the amount / percent of savings you want to in btc, the remainder in fiat.
Fiat will reliably & with stability loose purchasing power every year, BTC will increase in purchasing power with decreasing volatility. Only need a 2+ year time horizon on avg for that volatility to become favourable to your business savings.
If you have a business with cash flow that allows for zero savings, say week to week or month to month, instead of 2+ years timelines, then just offer btc as payment option & keep saving in fiat
If your business allows for zero saving the only way Bitcoin can help you is accepting btc payments to attract / retain / reward (yes there are btc rewards / cash back solutions also) potential customers.
If making online sales your addressable market of Bitcoiners is huge, some estimations 100 million. And we’re passionate (to a point of being labelled as a cult by some) towards fellow Bitcoiners esp w/ businesses, the benefits of offering btc payment option to a potential customer base like that is obvious.
If your business only makes brick & mortar sales, you’d need to be in one of the globes Bitcoin circular economies for there to be any impact from btc sales. At this early stage of bitcoin’s evolution it would likely be a rounding error in terms of total sales.
If your business allows for zero savings, then that is all academic really, first point of order is to join the ranks of the millions & millions of businesses world wide that run an operation that has savings & thinks about how best to protect & grow that balance as the years roll on.
That’s when Bitcoin can really help the bottom line. You could even be someone that has a time preference that is so high that 2-3 years seems like a long time. Even on that timeframe the volatility of your savings in Bitcoin will become very favourable to the business bottom line.
Keep adding to the savings in Bitcoin, keep your borrowings an expenses & cash flow in fiat as required.
Bitcoins diminishing volatility over its lifetime has happened within a 120 million percent USD denominated price increase.
People & businesses with any form of savings only have to lower their time preference a little bit, e.g think in terms of 4 years halving cycles, to benefit massively from that volatility.
For any person or business with the opportunity to think about their savings, fiat is pathetic in comparison. It is really good at loosing considerable amounts (7%, 12%, 15%…) of purchasing power every 12 months, with low volatility / great stability. The popular CPI is the CPLie, it is provably not a reliable indication of how much purchasing power your fiat savings are actually loosing. And that effective loss in savings compounds negatively!
Not sure how you can say all bitcoiners have fiat on hand? The saying ‘get on zero’ means get on zero fiat, by getting 100% onto the Bitcoin standard.
It’s an evolution of the saying ‘get off zero’ which encourages ppl to begin with Bitcoin by just allocating 1% to BTC.
It doesn’t just apply to ppl living in Bitcoin circular economies, some searching online shows ppl posting & podcasting about it, it’s not easy, but possible.
As more businesses, for e.g. your competitors, start accepting btc over time, they’re more likely to attract bitcoiners compared to businesses that don’t.
Peter schiff was saying things like past performance…. And Bitcoin is tulip mania…as far back as 2011 or 2012. He was very articulate about how the price will crash soon etc etc. 12-13 years & 2-3 million percent later we’re still all waiting on his call to ring true
Can you say that for every single bitcoiner on the planet today? No, of course not. The trajectory has been pretty clear for some years now, more are joining the ‘get on zero club’ while less and less are remaining part of the ‘fiat only and no btc club’
The waters warm, you may as well swim, it’s better than drowning in fiats poison pool
The wide range of benefits from Bitcoin are pretty clear at this point. Safe to say a little more than wearing a car tire around your neck 🤔
Perhaps you’ll be jumping on the bandwagon to accept btc payments when BTC in USD denominated terms is $0.1M per coin, $0.25M, $1M? Fiat printing has no ceiling, there’s no limit to how much your fiat savings iceberg can melt in purchasing power. Bitcoin is just the best expression of that fact.
History has shown the earlier you adopt it the more you benefit. Every person gets Bitcoin at the price they deserve
The world’s a big place, you do you. Some businesses are 30 years old sitting on millions, someone just registered a business yesterday.
Bitcoin is here today and will be there tomorrow as an apex predator in the world of savings for whoever is ready.
Despite the current stage we’re at in regards to the USD’s state of decay as a global reserve currency, it still remains the widely accept global UoA in most domains.
If the lifecycles of previous global reserve currencies, like the pound, livre, guilder etc etc, is any indication, USD should be nearing the end of its reign.
So while goods & services remain denominated in USD, those who obtain BTC earlier and can manage to hold onto it longer, win.
Yep, they been spraying shit into the atmosphere for 3/4 of a century to encourage more rain, form & control hurricanes and reflect the suns rays more recently is the given reason. You couldn’t even make this shit up!
Crazy to think the vast majority of humanity will mostly experience Bitcoin not on the base layer but on an extension of the base layer like lightning or fedimint
Nexo used to do collateral loans, now slightly changed to line of credit. Loans include stables or fiat currencies. They’re custodial so risk reward needs to be weighed up, including tax implications around CGT for selling vs borrowing. I don’t know UK tax law at all, options may include borrowing against a security / ETF rather than actual Bitcoin
Cheers for the info 🍻 yeah I just tried adding one of those relays in primal, it did add it there but the relay doesn’t show up in Damus.
It sounds like the main thing for content discoverability & censorship resistance is down to relay selection….
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