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Notes by Kanzan | export

 read this long tweet 
nostr:nevent1qvzqqqqqqypzqe5py69vu36g6sdyelxpueqqd7untw7rt9uzk0vkz8my65wxw5keqywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uq3vamnwvaz7tmjv4kxz7fwd4hhxarj9ec82c30qqsqqqqeeftj7e6v9k7hayack2u3xa4ms9vg7le0m3fne5uprvxpk5cmrqr6j 
 > It follows that there are absolutely compromised and paid bad actors who larp as sanctimonious ... 
 damn

thats the shit right there. 
 You probably dont need a hardware wallet.
a Pixel6 with Graphene on it is an easier setup you're less apt to fuck up.
its also not recognizable as a signing device,
which is a big bonus.

and you *certainly* dont need HWW from litigatious assholes who arent even open source. 
 for real 
fuck that guy  
 for real 
fuck that guy 
 so irritated i noted twice 🤣 
 yeah
toys are neat, i get it 
 If you think it’s ok to copy homework and still be cool, yes cancel coinkite products from your... 
 counterpoint 
NVK has been consistently an asshole
and coinkites products are overhyped bullshit 
 its just more of @NVK and coinkite being statist asshats

and the community giving them a pass because @ODELL and the influencoors continue to endorse them 
 we put the *free* in FOSS
because intellectual property is a legal fiction.

he has to get a fucking helmet and quit sucking statist cock to give him an advantage 

excuse my profanity 
 About KYC.

From the standpoint of companies, KYC makes a lot of sense. They don't want to accept... 
 GM

kyc IS the illicit activity  
 Your favorite #Monero mobile wallet? Let's go 👇 
 not Stack duo?? 
 @monerujo 
now that Mysu has an uncertain future  
 I kind of hate drawing lines like this, but honestly, at this point in the game, if you have any ... 
 You can just use a pixel with graphene OS installed 
Maybe a seed signer In a multi-sig combination

Secure
and it doesn't scream "I'm securing private keys" 
 you got a problem with my setup bro 
 TailsOS, but for phones. 
 really hoping my 2000-era truck holds out for another 10 years 😬 
 A New American Monetary System: Coming Soon.

Monero's value is not measured in dollars but in it... 
 yup yup
it was always going to go this way

DJT is just the guy to get it rolling
 
 One day you will be loved and respected the way you deserve to be. 
 or not
and thats ok too.

stand on your own feet. 
 i can’t stop thinking about the paella i had in ibiza and its becoming a problem. why can’t i... 
 Signal has a great user experience and strong default privacy guarantees 

but you're only messaging with other people on Signal 
 reject the black pill 

any little thing you do makes dragnet surveillance harder 
 Trying out Signal. I like it. My name means sign/signal in Arabic. Feels like a sign to start usi... 
 Signal is one of the most looked-at open source projects there is.
There's not a fucking back door.

They do see who you are talking to and when.
So keep that in mind.

but its great for avoiding dragnet surveillance and getting normies off of plaintext texting. 
 The man with the highest IQ is a creationist.


There's no scientific proof that the earth is old... 
 cc @4evangeli0n 

nostr:nevent1qvzqqqqqqypzqh25snyyjea2cwvxe4gj47xum4fyx0gfqxkmhdvjxcq33ppg82s7qyghwumn8ghj7mn0wd68ytnhd9hx2tcpzdmhxue69uhhwmm59e6hg7r09ehkuef0qqsvg6q272m0rn737gylzh8vlc4rxekllffq5dk0rgrvlker074mlrqlxy9qu 
 This is your bull market reminder
that you are *NOT* living on a Bitcoin Standard.

As long as prices are denominated in US dollars
the USD is your unit of account.

you can break your brain dividing the price of a everything by 89k to find sat equivalent price 
and the USD is STILL your uoa.
its a good thing to. kinda cute and a step in the right direction.
but its got fuck all to do with changing the Unit of Account.

i can sell weed for propane
and not touch USD at all,
but as long as the quantity of weed
exchanged for the quantity of propane
is decided by the relative USD value of those things,
the USD is the Unit of Account.

That doesnt change until communities start pricing goods and services *directly* in their preferred currency.
ie without regard for the supposed fiat "value"

UoA definitely does NOT change because you do division.

It should be self evident and obvious to every Bitcoiner,
that dividing the fiat price of goods or services
by the fiat price of Bitcoin, 
is a *fiat measurement*. 
 def keep stacking.
there's a lot of confusion about what UoA actually is and isn't.

I'm not saying there's anything wrong with bitcoin (not here anyway ;)

Just that there's something wrong with Bitcoiners 🤣  
 under a US dollar UoA
what does "valuing in sats" look like? 
 If you're delivering,
quite a lot in this market 🤣  
 So...
if thats still fiat
how exactly are you valuing your time and efforts in hard money?

I'm not understanding something... 
 It's a start 
 And some otherwise intelligent people fail to understand unit of account
get pissed off and defensive when you tell them that they can't just do division and change it

looking at you
@utxo the webmaster 🧑‍💻 
@atyh 
@node  
 Which is great and all
but how do you establish prices? 
 Question, would you be willing to purchase anything (legal) via .onion hidden services?
#askNostr 
 for sure yo

Normalize the OnionNet! 
 pretty sure I agree with this note

but it was too long and I didnt read it. 
 We will all be dead before the dollar goes away. You ctazy if you think in 5 years the dollar wil... 
 #facts

maybe 20yrs?

...maybe? 
 Let the regulatory capture begin!
We're all going to be be filthy rich! 
 "opportunity cost"
is just a way of expressing the simple fact that
all decisions are also sacrifices. 
 since hodlers do not pay for securing the network 
hodling is not "using Bitcoin."
Users pay tx fees and contribute to network security.

i fight for the users.

nostr:nevent1qvzqqqqqqypzphfq2a2klz9xfjkdqawsqlcmujq0jjwfrltdp3x4jwaveke2400zqywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcqyrjv45s8schqq3fy60qx3su3ejk4qt0treyc8sj0d4rxc8u0wcj27qt53ry 
 Owning or doing anything incurs opportunity cost

There is no other human activity or asset where we call simply owning  and doing nothing with it "Using"

Owning a stock or a commodity or a piece of land somewhere 
and doing nothing with it is a speculative investment (ie it restricts the supply!)
its not a use of the thing.

*Particularly* since Bitcoin has security needs
( Which is the only reason it's valuable anyway )
but the holder doesn't contribute to those.

Nowhere else would we refer to this as "use" 
 lead regulatory cuck? 
 To me it means
I hodl a small amount of a finite asset and outsource the security of the network to those who are so poor they have to spend. 
 If #Bitcoin becomes the backbone of the global financial system, how is that NOT a win? I underst... 
 Well
the first thing is that my USD transactions arent visible to anyone with a block explorer

but sure
if central banks just give up running the world and go away peacefully (lol) the world would be better on a bitcoin standard.

in actual fact however,
self-custody would be criminalized and we would be using paper bitcoin. only the elites would actually touch the chain and nothing would be very different.
except everyone could easily see if you moved a UTXO of course.  
 nah

I think the chances of regulatory capture increase with the government acquiring a strategic reserve and supposed "pro Bitcoin" legislation.

where we are going
laws arent going to help 
 its that incentive for capture increases in proportion to institutional adoption 

the bankers and the rent seekers arent going to go peacefully 
and they have leverage over what the legislation is and how its implemented  
 I'm not gonna say this guys takes are ALL bad
but its pretty close to 50/50 😒
nostr:nevent1qvzqqqqqqypzpl8hpfzul2qha25p8wd63gm46ufax95lfgnl8h9v84y3zt0k05m7qyghwumn8ghj7mn0wd68ytnhd9hx2tcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qqsx06gm0pvsv9k2vzx20lsg5a0q5et82eugt6rna2ee5wx9cldv24g6azvke 
 This pump is fake and gay and everyone who is taking it seriously as a "bull market pump" is reta... 
 bitcoin maxis : fiat is fake money that enslaves mankind

also bitcoin maxis : OMG LOOK HOW VALUABLE MY BITCOIN IS TODAY!! 
 How stupid can a statement be? Such statements are dangerous for all noobs

nostr:nevent1qqs24z8a... 
 pretty stupid apparently... 🙄 
 because one of the tenets of Anarcho-capitalism is that people should use a transparent money system to prevent them from doing "shameful" things

nostr:nevent1qvzqqqqqqypzp30pwducmtffm54cqc4cxyyhftks5uhrv30eukxjz2dud273tk9lqyt8wumn8ghj7un9d3shjtnddaehgu3wwp6kytcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qqs24z8a09v6zhe2kwycl0puszuefk62dypx76ctjduveqtaxcqlhzcxwulx3 
 nah bro

that just becomes "all viewpoints are equally valid"
and our brains leak out our ears and we never actually take a stand anywhere  
 and all houses should be made of transparent material 
to prevent people from doing anything "wrong"

because privacy only encourages "bad" behavior 
 
 And I'm sure it could never happen that groups of people would get together
and use available financial information to
establish dossiers on other people,
and then use force to leverage that information to their advantage 

that certainly never has happened in history before 
what could possibly go wrong? 
 Embrace the privacy that Bitcoin offers at layer 2 and forget about shitcoins.

nostr:note1jazkf6... 
 Tell me how to quantify the privacy of a LN tx. 
 explain how you know this please.

in fact
please explain how ANY end user can evaluate the privacy guarantees they achieve in a specific LN txs 

I'll wait.

because you cant and your statement isnt based on anything but a theoretical 
"an L2 could *maybe* be more private because of no on-chain footprint" 
 "how much things should cost"
is still a USD measurement though isn't it?

because people aren't denominating prices in XMR 
 sigh

it isnt XMR denominated when you take the USD value and divide by the USD price of Monero.

Thats still a USD UoA.

Thats the whole point of what Im saying. 
 yeah i get it
and those prices are denominated in USD 

which is why usd is STILL the UoA

that doesnt stop until we have circular economies that don't touch fiat 
 I totally agree

just saying that
until then
its not changing the UoA 
 UoA IS NOT the medium of exchange between two parties.

UoA IS the base currency prices are denominated in.

people are consistently confusing those two things
and the difference matters.

It's a step in the right direction for people to use a different Medium of Exchange,
but it does not effect the underlying unit of account.

People can transact in bales of cotton or barrels of oil
But as long as the *amount of cotton or the *amount of oil is decided by the USD equivalent value of those things,
then the unit of account is still USD. 
 blockstreams sidechain with 1m blocks and Confidential Txs.

looks like there was 3 whole txs in the last block!
https://liquid.network/ 
 Took some tinkering to get everyone to play together: 

Amethyst running internal tor, Citrine lo... 
 If the point is to hide your IP from relays
then running your client through a VPN
and then through tor
(or vice versa)
is redundant and unnecessary.

maybe there are other reasons to do so
but thats the usual idea. 
 but it does tho.

and also thats really weird inaccurate simile. 
 the main difference is that a VPN is a trusted 3rd party
TOR Isnt (mostly)

so if you have reason to doubt your VPN
or are doing high risk activity,
definitely use tor.

but many people are betting that the mullvads and ivpns etc are secure.

not sure what you mean about configuration problems. 
 Bitcoin is slavery at this point


FEW UNDERSTAND THIS 
 You are very nice person to type all of that out 🙏  
 I'm guilt of the drifting attention too for sure...

certainly aware of the free rider problem,
but everyone is always talking about mining incentives and the window shifts to what the dominant narrative is 😕

its a great explanation, thanks. 
 >> everyone tries to become one of the people that doesn't pay and then eventually there's not enough people paying for the thing to keep existing to benefit people

*Everyone* tries to avoid spending.
On a capped network everyone will ALWAYS try to avoid spending and hodl for as long as possible.
There is no incentive to spend because everyone assumes that their buying power will increase as time goes on

you Maxis are talking about it all day long.

The only thing pushing up transaction fees for the last two years have been people shitcoining on the network

In the absence of a block reward
only people who use sats for goods and services provide security for the network.
hodlers ride for free.

Since there will be no new supply,
everybody wants to hodl.
nobody wants to exchange for goods and services.

But since it's transactions that provide security,
On a long enough timeline
security goes to zero. 
Event not found
 GM 
Event not found
 that is assuming a lot

considering we're in the middle of a pump driven by absolutely nothing but Cantillionaire speculation