Una breve entrada en #Mintter sobre los "collectibles" de Nick Szabo. 👇
t.ly/LjdTu
https://image.nostr.build/903e4062cae8990935848b9602448fc82140efd5222db149a237a753cbe2af3a.jpg


¡Buen trabajo!


My car insists. Hold #Bitcoin https://image.nostr.build/9b1401d64b1b0f5e5ab3a26030c87a58f3de9abed46fb62988402bfc4dca8039.jpg


#Bitcoin is peace of mind https://image.nostr.build/a3a70a445bf0b88d9c5024da3db66a638035fc0013e550e1eb75f816512d32f7.jpg


Lástima que no pude hablar contigo, me gustaron tus intervenciones


¡Vaya plantel! Eso no se puede mejorar...


¡Increíble descubrimiento! Unión Editorial está en Nostr y acepta el pago con Bitcoin/LN. Enhorabuena por esta iniciativa. https://image.nostr.build/9f1d00d8b94fc041948e978c3dd2c7130ec1c6915161449360d6a22ec81723a1.jpg


No more "Bitcoin & crypto", they are not the same and they do not come together in a package...
Only #Bitcoin matters


,🤷 https://image.nostr.build/6f04c9611857fe687363512a6a25e2a19999e0b7040b6ab5294bf85a9bc51db8.jpg


Nice to meet you, Bogo
I sent you the 210 sats
Please when you forward the 21 sats (or more) to another bitcoiner, share it with us


thanks to you for retweeting.
Please, when you forward the 21 sats (or more) to another bitcoiner, share it with us in this thread


Without a doubt


I dedicate this text to all those who oppose Mises' ideas to Menger's simply to attack the Austrian School of Economics.
From this very complete article by Joseph T. Salerno: https://image.nostr.build/8d9ff00a945b068e35c139cf1657c4f54fc8ac7524aecbf3d748dce15d5f1c4b.jpg
https://mises.org/quarterly-journal-austrian-economics/place-human-action-development-modern-economic-thought


Nice to meet you,  CHUCHOBTC
Please, when you forward the 21 sats (or more) to another bitcoiner, share it with us


#Bitcoin fix the money, fix the world.

I will send 210 sats to anyone who retweets this post and pledges to thank another Bitcoiner for their work with at least 21 sats.

#v4v


It was you idea! But it is true that it is too little. If you think we should change to 210 sats, ok then


It's waiting for plebs


As you said a few days ago, 21 sats is a good start to change likes into zaps. From there, valuable content will be appreciated accordingly.


As of today, if you were to spend the equivalent of $10 on 21 sat zaps, you could support content creators with two zaps per day for over two years.
#v4v #Bitcoin ,,🤷


Yes, they are


Well, at least they are all thinkers, and Rand's novels attracted many people to libertarian ideas and, indirectly, to the Austrian School of Economics.


UFC fighter Renato Moicano: "Whoever doesn't have #Bitcoin is going to be in trouble, because they're going to depend on government."

https://video.nostr.build/e3479f7b7c3ab3376da946a6a2f67e39d7a7947e9fc14aa2267cb1c5192f5676.mp4


Ahora sí. Todo funciona como la seda en Nostr. Por cierto, hiciste un gran trabajo en la WoB24 👏👏👏


Pero el test ha fallado, no?


joelsm@walletofsatoshi


Sound Money

I'm a #Bitcoin maximalist (today more than ever, whatever the date of today)
#Anarchocapitalism / #Austrian Economics / Philosophy / Novelist


El día resultó muy interesante https://image.nostr.build/d657ff3105bbf71d50eef79525f5aacc734d23b53d5d5cba1e90bcb1affd2400.jpg https://image.nostr.build/d3d3a99b225e6f58ce20712f9869d7cd185921c1c0f18b055c44db416c6e77c9.jpg https://image.nostr.build/b247e4c1b4a070fac593de08efc75d77da1e279c994f8ebca0f19d7514773050.jpg https://image.nostr.build/a430fa97b3a2b7555d8141fa8d9bd3dba66ac47e7cdec8bd2ddf2182485b413d.jpg


Es el Día de las Profesiones ("Mira, pregunta, conoce, encuentra tu vocación y ¡elige tú futuro!") y desde el Colegio de Economistas de Madrid me encargaron dar una charla sobre Bitcoin. Así acabó la charla 👇 https://image.nostr.build/a549ecca913ecd6e479141e67984b443b68e4cc137f97fdf640290f4c71757f6.jpg


Ya estoy en la Plaza de Colón, preparado para la charla y con un montón de gente joven dispuesta a descubrir #Bitcoin https://image.nostr.build/fb189f08179b6e77802b3b701a660def4592f929239fc34f4ec3b6f95fbfc253.jpg


Ok, we are all ready


Charla sobre Bitcoin en Madrid.

Como parte de los actos del 8º Día de las Profesiones que se celebrará en Madrid este próximo jueves, 26 de septiembre de 2024, he sido invitado a dar una charla sobre Bitcoin. 👇 https://image.nostr.build/6609f5254d5321772df4b530e91b1efe0197e177d1a32f8fb0c6dc425f6e6626.jpg


Yes, I am saying that many of those crises would not exist.
And I add that governments rarely solve crises. And much less thanks to the flexibility to print money, because in this case what they solve on the one hand they ruin on the other by causing economic cycles


The fact that when there is a crisis governments can increase spending almost without opposition encourages crises to "appear." In my opinion, if #Bitcoin was in charge, governments would not continually go into debt, so when a REAL crisis arose they would have the ability to go into debt AND PAY THE DEBT.


What Bitcoin means to each person is subjective, of course. But whatever it is, the success of Bitcoin lies in the fact that the vast majority of those who approach Bitcoin never turn away.


Solo hay una cosa que no me gusta de Nostr. El color magenta podemita/feministoide.                   ,👇
https://image.nostr.build/378a5b83c9d6d94f694f11107c7cd1f9bf1bd52739b9cdd3c045686d040cbdd8.jpg


IMO, it is a medium to save time


In the end everything ends well. And if it doesn't end well, it's not the end.
Bitcoin fixes this


I was woken up by a dream and the heat, but I went to sleep late, so after seeing that Bitcoin has not gone to zero and some interesting articles like the latest one from Marty Bent, I go back to bed.


OMG, hard work or insomnia? Or both?


GM, are you crazy or what? Don't you sleep? 💤


This is a long form article, you can read it in https://habla.news/a/naddr1qvzqqqr4gupzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qqxnzdejxccnzvpexy6rwv3cfhk50e

TAPS SIGN

"There is no industry in the world that is more ruthlessly competitive than the bitcoin mining industry."

From any angle you cut it the bitcoin mining economic landscape is absolutely BRUTAL at the moment. Hashprice is sitting right above an all time low at $0.04/TH/day. Yesterday brought with it yet another new difficulty all time high. Competition for energy resources is as fierce as it has ever been as rack space continues to be tight in the United States and hoards of AI data centers move in to scoop up as much power as possible.

To make matters worse, with current economics it doesn't really make sense to buy bitcoin mining machines at their current prices. The pay back period on machines is absurd considering where we find ourselves in the market. Adam O from Upstream Data broke it down in a tweet earlier today.

As he says, it probably makes more sense to buy used machines than new machines right now if you are looking to make back your money on a reasonable timeline. The only reasons you would buy new hardware right now is if you believe the price is going to rip in the near term (risky bet), you think hashrate is going to come off the network (risky bet), or if you have obscenely low power costs (unlikely for most).

If you have machines plugged in or are thinking about plugging them in soon you better be running firmware that enables you to run your machines more efficiently to increase margins. With current economics, I would make the argument that it is incredibly irresponsible to be running your machines using stock firmware. Especially if you are operating a miner in the public markets or are a private miner backed by investors. It is a disservice to your shareholders. This is a strategy we have been deploying at Cathedra for years now and it has helped us to survive during these trying times in the mining industry and set us up to successfully complete a strategic merger with Kungsleden at an opportune time.

On that note, this is a trend you can expect to pick up over the next six months; mergers and acquisitions. We wrote earlier this year that M&A activity would pick up after the halving began to eat into the economics of mining businesses and that is exactly what is happening. We decided to move early at Cathedra to get ahead of the curve. Since then Cleanspark announced a merger with GRIID, Riot has initiated an attempted hostile takeover of Bitfarms, Bitfarms has entered an agreement to merge with Stronghold, and Terawulf has signaled that they are open to a merger if a particular deal makes sense. On top of this, Rhodium slipped into bankruptcy last month. As margins continue to be squeezed and companies get more desperate I expect this type of consolidation to accelerate.

All signs are pointing toward more pain in the world of mining in the near term. There is nothing outside of a face ripping rally in the price of bitcoin or some unforeseen event that knocks out a material amount of hashrate that will change this reality. Especially considering the fact that Bitmain announced a new hydro model that will produce 860 TH/s at ~13 J/TH! This will be the highest hashing, most energy efficient machine to ever hit the market by a considerable margin.

Once these machines hit the market (if they haven't already via Bitmain plugging them in, which could explain new difficulty all time highs despite terrible mining conditions) every other machine on the market is going to suffer economically.

To make matters worse for everyone struggling right now, savvy energy producers are beginning to understand the benefits bitcoin mining can bring to their operational stack. Japanese energy giant TEPCO is reportedly planning to scale up their mining operations after beginning pilots in late 2022. They want to utilize the excess energy produced by renewable sources to mine bitcoin. From what I can tell, they haven't scaled up significantly yet. However, it is reasonable to believe that they will scale up and other energy producers will take notice. Pushing the industry closer to its inevitable end state; vertical integration via energy producers who have the lowest cost of production.

Thank you for coming to my TED Talk. Keep hashing if you can.

Final thought...

The pets need protecting.


I agree with you on this too.
As for the timing, I prefer not to make predictions...


Thank you for your reply. I also think that BTC will be widely used as a store of value (SoV). I'm just saying that this use as SoV arises on the basis of BTC being an MoE, that is, on the basis of its liquidity and ease of exchange. Furthermore, I'm saying that this use as SoV is only a use as a MoE deferred over time. If Bitcoin were not an MoE, that is, if it were not liquid and it were difficult to exchange at economic prices (as Menger would say), it would not be used as a SoV. Of course, I agree with you that the current use as a MoE is still small.


On the relative importance of privacy in Bitcoin 👇

Bitcoin is a medium of exchange. That is, a good that everyone can easily buy on the market and that is used to a greater or lesser extent in indirect exchange. By definition, Bitcoin is not yet money, since its use as a medium of exchange has not become widespread. However, outside of academia or formal scientific debates, there is no problem in referring to Bitcoin as money. Bitcoin is potentially money, and because of its status as a medium of exchange, the laws of indirect exchange and money fully apply to it.

Those of us who use Bitcoin as a medium of exchange tend to think that transaction privacy is an important issue. And, fortunately, we have very privacy-conscious Bitcoiners who work hard on this front to make life easier for all of us. However, the merit of these Bitcoiners and the recognition that their work deserves should not be an obstacle to pointing out where they may be wrong. It happens to all of us at some point that we cannot see the forest for the trees.

In my opinion, these Bitcoiners too often forget that Bitcoin is fundamentally a medium of exchange (MoE). In fact, they often avoid referring to Bitcoin as MoE or as money. And unfortunately, once you get over the fact that Bitcoin is essentially a medium of exchange and that all practical use cases are a consequence of that MoE status, it's easy to lose your way.

By focusing exclusively on privacy, they don't seem to realize that if Bitcoin weren't a medium of exchange, no one would care about Bitcoin's privacy, because no one would use it, not even them. By not being aware of this, they are prone to underestimate or even belittle the work of those developers who seek to make mass adoption of Bitcoin possible.

They also tend to underestimate the importance of Bitcoin's price. Certainly, prices are only historical data, a thing of the past. However, they allow us to attribute to Bitcoin a certain purchasing power (both in the present and prospectively). And there is nothing more important in a medium of exchange than its purchasing power. In fact, no one uses a good as a medium of exchange without assuming a certain purchasing power. In this sense, it should be clear that the process of using a good as a MoE is successful thanks to the historical exchange prices that continually occur in the markets.

When someone considers the future of Bitcoin in the short and medium term, their expectations may be favorable or unfavorable, depending on their point of view and their analysis. But these expectations can hardly be stable, since Bitcoin is still going through a discovery process. During this process, adoption may stagnate or steadily decline, which would mean that Bitcoin would be failing. That is, during the discovery process, Bitcoin's success necessarily implies a continuous increase in adoption. And for this, tools that facilitate mass adoption are necessary.

Adoption is essential in order to maintain or increase the purchasing power of Bitcoin (a fundamental aspect of a medium of exchange). If purchasing power were to decline on a sustained basis, Bitcoin would not be adopted as a medium of exchange. And of course, in such a case Bitcoin would not be used as a store of value either. Since Bitcoin's store of value is nothing other than the reserve of its purchasing power for the future. That is, Bitcoin's store of value implies its status as a MoE.

In conclusion, Bitcoin's privacy is very important, but so are its adoption as a MoE, its purchasing power and its price, since without them privacy would not be necessary. Therefore, both tools that facilitate privacy and those that promote adoption must grow simultaneously.

Publicado aquí en español
https://hyper.media/d/2oKv7XxDD9MRMgR1P7J4kb?b=a/z6MkhvvTApvFgwVBoyLvLqZwBZB97Zux6DvCnVqiTgXR1QsK


Un comentario sobre la importancia relativa de la privacidad en Bitcoin 👇
https://hyper.media/d/2oKv7XxDD9MRMgR1P7J4kb?b=a/z6MkhvvTApvFgwVBoyLvLqZwBZB97Zux6DvCnVqiTgXR1QsK


Your liking is a strange combination, because Rothbard and Hoppe are very close, both followers of Mises and not very fond of Hayek.


Welcome to Nostr


Ese libro es un tesoro.  No hay que leerlo, hay que estudiarlo.


And Rothbard would be the Bitcoin whip


My wife and I, tonight 👇
https://image.nostr.build/5a76cc481ca353af2b27f2067727c8b533a4cdc5114b077da1bfe497a239c42f.jpg


Nice to meet you. Welcome to Nostr. I added you too


Eso estoy pensando yo también


I would like to follow all bitcoiners, all anarcho-capitalists and all Austrian economists from NOSTR. If you are one of them, let me know.


#nostr is a creature evolving in front of our eyes along with our use and the development of it

We already understand how cool is, but we're discovering new features, ideas and possibilities every single day

How cool is participating into that? 😎


6 posts in a row I have gotten 2x better engagement on NOSTR than twitter, with fewer followers here than there


Agree, I think the same


agree, the signal in nostr is stronger now


Relay list to discover the user's content


If you passed the Covid IQ test and the #Bitcoin IQ test, you have proven that you are not brainwashed and, above all, that you are essentially free.

But if you are a bitcoiner and you gave in to Covid pressure (e.g., to be able to travel), then you put a price on your freedom.

I don't mean to shame anyone with this. I just want to make bitcoiners think. In life, you have to make difficult decisions. Covid was one of them. But there will be others. When the time comes, don't put your freedom aside.


Never
Obey or
Submit to
Totalitarian
Regimes

NOSTR


Anywhere is good to read about praxeology, including hospitals. Thanks, @knutsvanholm https://image.nostr.build/5021bc87ac8d27aa5d8101f10aadc5829eddb047f67db23dcd399215224bc5d4.jpg


Por el triunfo de la libertad en Venezuela 👇
https://hyper.media/d/f7Ch16SudofKAgrH3o1XKn?b=a/z6MkhvvTApvFgwVBoyLvLqZwBZB97Zux6DvCnVqiTgXR1QsK


I'm a Bitcoin maximalist (today more than ever, whatever the date of today)


1997, the year I met my wife, although it probably has nothing to do with it... I say it just in case...


For those of you who have been in Prague, how do you see the future of using Bitcoin as money through Lightning and the new developments that are emerging compatible with Lightning? Has anything interesting been said about it?


Ok, thank you


Do you know if there is any specific group, relay or whatever about these topics?


I am interested in Bitcoin and the monetary theory of the Austrian School of Economics, are there more plebs interested in these matters?


Sobre la emisión de medios fiduciarios por parte de la banca de reserva fraccionaria 👇
https://hyper.media/d/VzqXo7LGcbzpR5Hea4wh83?b=a/z6MkhvvTApvFgwVBoyLvLqZwBZB97Zux6DvCnVqiTgXR1QsK


When you deposit your wealth in Bitcoin, you convert it into purchasing power. Ultimately, nobody wants to have a certain amount of bitcoins, what is intended is to have a certain purchasing power (present or future). Therefore, we must recognize that the price of Bitcoin is fundamental.


Hace un año nostr:nevent1qqsvdy60vysrh09lq9rpx2glcm43ha9u6k4wnevaw9z2rhj5pylau0cpp4mhxue69uhkummn9ekx7mqzyzpp7tclr5w2dhdrczfxpweg3l92ywnpse6w8s52npzw6j2w74sczqcyqqqqqqg4j7xvv


The past two years of bitcoin conferences I have been at have been bear market conferences.

And funnily, the energy was still really high at all of them. Pacific Bitcoin in 2022 occurred literally during the FTX dump to $16k and we were having an amazing time regardless.

Bitcoin Atlantis in Madeira has been the closest thing to a conference in a bull market for a while.

My single favorite thing at conferences is meeting people from so many countries. Within one example hour I met a woman from Saudi Arabia, a whole group from Bulgaria, someone from Bolivia, someone from Columbia, someone from Spain, and someone from South Africa. A woman from Malaysia really stuck out too and it was a great conversation.

There is no other asset that brings out so much hope and unity from people with such different backgrounds and experiences.

Open source global money. 🫂