Oddbean new post about | logout

Notes by clearsight | export

â–² â–¼
 #Bitcoin is the most important advancement in society for millennia. 

Because we will be rich? N... 
â–² â–¼
 well said 🫡 
â–² â–¼
 You have no fucking idea who he is, but is the Real threat to #bitcoin. If only, world was as sane/based as him. Alas, it is not - Hence bitcoin 

listen to thus carefully - the full 40 odd minutes if possible. 

Rep. David Schweikert

https://youtu.be/z7lOcJqZEl4?si=_QeoYDdvsUb7QguZ

Someone get this guy on david's radar 
 
â–² â–¼
 this is fucking based! 
 Everyone who replies to this note in the next hour will get a 100,000,000 microsat zap 
â–² â–¼
 Token economy will never be big on bitcoin.  

bitcoin will continue to accumulate monetary premium become its most secure and sound. 

exactly like USD. 

Hence bitcoin will continue to import all non monetary usecases from other chains .

exactly like USA


@jack mallers @Rusty Russell nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83anostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7znostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gxnostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy 
â–² â–¼
 I want to use this space to describe ideas which can become 1 Billion USD+ entities based on Nostr and Lightning.

If you are interested in this, give me a follow 

If you follow me already, help me spead the word.  
 This is just my opinion but people do high-frequency trading suck, literally, like a leech

Do so... 
â–² â–¼
 do you say this with experience of HFT? 
â–² â–¼
 I can understand why you might think that, Infact it was my position a few years back. 
Now I have come to understand that its mostly a volatility damper. Something that is necessary for a assest be closer to medium of exchange.  
â–² â–¼
 Future AI companies:

Slimmer top line
Fatter bottom line
Master of niches survive
Leaner teams thrive
More startups come to life
Most of them live shorter lives

#AI@ #BusinessFuture #Innovation 
â–² â–¼
 Folks! getting US Gov to drop BTC is the best thing Donald Trump done for BTC so far. 

enjoy cheap sats âš¡ï¸âš¡ï¸âš¡ï¸ 
â–² â–¼
 The absolute BANGER of a usecase for #Nostr is Real Money Gaming (RMG) (1) 

Many governments impose punitive taxes on it. India implemented such tax recently (Nov 2023) (2)

The thing is, that there is huge grassroot demand for it. People will jump hoops to play, a perfect early adopter archetype. 

folks in India are paying 5% to 10% rake on RMG. This is a very cost conscious crowd, and Nostr can do it for much cheaper 

The global market for RMG is ~15 Billion USD, India market is ~2 Billion USD (3)

@LynAlden - Curious to know what are your thoughts on this? have you seen something like this?

References 

1. https://www.legalkart.com/legal-blog/real-money-gaming-in-india-explained#:~:text=Real%20money%20gaming%20refers%20to,%2C%20and%20skill%2Dbased%20competitions.

2. 
https://www.google.com/amp/s/inc42.com/features/doom-and-gloom-in-real-money-gaming-industry-as-new-gst-regime-begins-to-show-effects/amp/

3.
https://www.statista.com/statistics/1401387/india-gaming-market-size-by-revenue-stream/#:~:text=As%20of%20financial%20year%202023,dollars%20by%20fiscal%20year%202028. 
â–² â–¼
 The absolute BANGER of a usecase for #Nostr is Real Money Gaming (RMG) (1) 

Many governments impose punitive taxes on it. India implemented such tax recently (Nov 2023) (2)

The thing is, that there is huge grassroot demand for it. People will jump hoops to play, a perfect early adopter archetype. 

folks in India are paying 5% to 10% rake on RMG. This is a very cost conscious crowd, and Nostr can do it for much cheaper 

The global market for RMG is ~15 Billion USD, India market is ~2 Billion USD (3)

References 

1. https://www.legalkart.com/legal-blog/real-money-gaming-in-india-explained#:~:text=Real%20money%20gaming%20refers%20to,%2C%20and%20skill%2Dbased%20competitions.

2. 
https://www.google.com/amp/s/inc42.com/features/doom-and-gloom-in-real-money-gaming-industry-as-new-gst-regime-begins-to-show-effects/amp/

3.
https://www.statista.com/statistics/1401387/india-gaming-market-size-by-revenue-stream/#:~:text=As%20of%20financial%20year%202023,dollars%20by%20fiscal%20year%202028. 
â–² â–¼
 two female chips with lipstick and red Donald Trump hair.  
â–² â–¼
 Isn't it amazing what we are doing here? Every ZAP is a transaction that settles in seconds. Send... 
â–² â–¼
 Go checkout "Trending 24h" on #Primal, seems like nostr is having its awakening.

nostr:note16zg8az302vr6wn90kc0kf9xgkel8s5up6ckuzesdpn44qek6d0zsc6kgdm 
â–² â–¼
 Repost this note and reply with a photo from your gallery (preferably one you took) for a
 Zap! â... 
â–² â–¼
 Holy shit, I think I just realized a direct and concrete way that I’ve personally experienced t... 
â–² â–¼
 This folks, was my nostr moment, just makes perfect sense.

Very high probability that nostr will win. We will make it. 🙌  
â–² â–¼
 This folks, was my nostr moment, just makes perfect sense.

Very high probability that nostr will win. We will make it. 🙌

@TheGuySwann

nostr:note16uc4f3673vf69v7ledd8x99r9ej2sgfrxg56mqn98yfelq66a05qdkw4up 
â–² â–¼
 Did Trump just pushed all central banks to "get of zero" by announcing to hold 1% BTC as strategic reserve? 
@BitcoinMagazine 
â–² â–¼
 This guy has absolutely no idea what he is talking about or who he is talking to. 
â–² â–¼
 Still, just by uttering the phrase about strategic stock pile for 1% BTC US holds is BIG DEAL? it is essentially "Get of Zero" moment for central banks. 
â–² â–¼
 @TheGuySwann I think we should be exactly in this place.

only then tremendous upside will still exist. 

only then equitable distribution will be achieved 

that what represent the best case

if DJT would have spoken Like RFK, ie if he would have been that neuanced. I would have been a bit scared. 
â–² â–¼
 Trust me, anything more that this is NOT GOOD for bitcoiners (but still good for bitcoin) 

what you want - them to allow self custody and free anyone who has been prosecuted with prejudice become of BTC

what you don't want - BTC as national reserve. 

For those who think they have diamond hand, watch when prices rise by 20X from here in a short time frame. Most of the non whale ideological core of BTC will be wiped off the floor by US Gov.

For countries that gets left behind by US in this prisoners dilemma, they will come after there citizens' bitcoin, and they will be justified in doing so by mainstream logic. Bitcoiners outside US will need to relocate.

It would have been bad for bitcoininers. 

@TheGuySwann 
â–² â–¼
 Trust me, anything more that this is NOT GOOD for bitcoiners (but still good for bitcoin) 

what you want - them to allow self custody and free anyone who has been prosecuted with prejudice become of BTC

what you don't want - BTC as national reserve. 

For those who think they have diamond hand, watch when prices rise by 20X from here in a short time frame. Most of the non whale ideological core of BTC will be wiped off the floor by US Gov.

For countries that gets left behind by US in this prisoners dilemma, they will come after there citizens' bitcoin, and they will be justified in doing so by mainstream logic. Bitcoiners outside US will need to relocate.

nostr:note1qc6ytxe9f06r8qy9puplprchqftrh8var3cdatwjgwgnuwj22cdsp7l5w2 
â–² â–¼
 3 key properties of money: Store of value, Medium of exchange, Unit of account. 🤔 What if #Bitcoin achieves Unit of account status before becoming a widespread Medium of exchange? If NGU continues, it only makes sense for the crypto community to value their portfolios in BTC. #btc