Yes. The main use of MSM narratives is a pivot to where we should actually be looking, focusing and building.

https://image.nostr.build/4f7010041cb5ef643410a1239eb249cc9c899d6b661775244793620b8e6867c3.jpg#m=image%2Fjpeg&dim=367x500&blurhash=_RFiMot7-%3BWB-%3Bj%5D-%3B_4kCfSjrt7j%3Fs%3Bx%5Dj%3Fs-kCWBj%5DWBbHWBj%5Boffjayj%3F%253WARjj%40WBWBj%5Bt7jukCj%5BbHj%5BkCofogofayt7ofayRjaeofayoLj%5BWVt7bHWBaxa%7DjZae&x=1e9757ce31611b9bd00980c1f8ce107706ae4a1b3fcd655162a66cfd59518747


A giant orange red fly behind a black, smaller and more sinister looking fly. #inkblotart


Hinder use of Bitcoin on a P2P basis. Allow/tolerate it if accessed within monitored and permission based routes such as ETFs.


The system's corrupt, you say
But you don't want to leave it
I want change, you claim
I don't quite believe it


Methane is a valuable commodity, but there is a reason why so much of it is vented rather than sold or utilized.

This is because the majority of vented energy sector methane is almost by definition stranded gas. Fossil fuel operators are profit-driven, so if they had a way to monetize the wasted methane, they would have used it.

(Bitcoin Magazine)
https://image.nostr.build/783657b4c131be03b77fe167fec8ba273d89b0e282128c8bb77bb904be8180e5.jpg#m=image%2Fjpeg&dim=1500x500&blurhash=QEGk%2Cb9%406%2C%3AjYg9b%7EBMyROT%7C%7DkxITcRP%24eP8%23Xob3Y%3DE%5E*%251%24QwZF2NGVy&x=a1bd32bf4cb403c19fcce77401badb735fa6a81c50a905d108f682cbe0ac458a


Money is too important to be controlled by politicians (who in turn are controlled by the plutocrats). Moving money beyond politics is a key step towards securing the prize of individual freedom (with an ongoing cost of personal responsibility).

https://image.nostr.build/35ce1641d1a4175227700dd771d1a889cb5059ddd35e7608edd1a8083f06fd30.jpg#m=image%2Fjpeg&dim=720x686&blurhash=%7CRPQ1%3AFNIqMcxu-%3B.T%3FH%25MpdZ%7EadozbbbHaKoffQXTROV%40jtozozoct7ofVXo%23ofkYZ%7Eaebwayj%5Bx%5DtRt7i%5ER-RjRPM_Rjayj%5Da%23jZbIj%3Fofj%40jso%23V%3FWAogaekCjEkDj%5BjGt7t7t8jYofkWjFWBt7kCj%5BfljZWBRjayWB&x=7d9ffefde1976859c0eb01893e9207b7b5b070b0d30b1aecea6bf88eb0e40852


An angry emu looking at the viewer. It has a beetle on its head. On the sides, two giraffes at  the bottom, with two dolphins above. #inkblotart


Two gorillas standing back to back, sharing the same hallucination. #inkblotart


“We think the Fed cannot believe its luck: We are back to ‘immaculate disinflation,’ ” Krishna Guha, an economic analyst at investment bank Evercore ISI, wrote in a client note.

(Fortune)

🤡


Economic power has always been central to war: America’s rise to global dominance in the first half of the 20th century was a function of assembly lines and shipyards. Great powers have long manipulated events at a distance by funding client states and rebellions. Persia funded the building of the Spartan fleet that won the Peloponnesian War. But money — pure capital, distinct from infrastructure and economic output — is the fuel of modern warfare. Putin’s most effective fighters aren’t in the Russian Army; they are a mercenary force who prop up African autocrats. He’s only been able to prosecute his criminal misadventure in Ukraine thanks to the hard cash Russian oil commands on the international market. His victory does not hang on valor or strategy, but cauterizing Ukraine’s flow of American money.

Scott Galloway


A prancing cow. #inkblotart


Bitcoin is not how we fund the government... Yet.

BITCOIN IS NOT HOW WE DE-FUND THE GOVERNMENT...YET.


AI: produce Groucho Marx in the form of a racoon.

#inkblotart


https://www.wsj.com/economy/central-banking/ecb-boe-rate-decision-december-b69625fb 🤡


From the greatest minds in 🤡 world....

https://fortune.com/2023/12/13/china-deflation-deflationary-cloud-silver-lining-societe-generale-export-us/


I hope that one day soon Indians will, en masse, appreciate Bitcoin the way they love gold.

https://www.reuters.com/markets/currencies/rupee-falls-record-closing-ahead-us-fed-outcome-2023-12-13/


A giggling panda, covering its mouth. It's about to be attacked by a giant dog. #inkblotart


Captain, here's a link to the article. Not sure if you will encounter a paywall or not.

https://www.ft.com/content/f14850ac-83c9-470f-8854-91cb79bc1a5d


“We are at a transition period in monetary policy which follows the most violent inflationary incident since the early 1980s.”

FT, Inflation’s bumpy descent - And the rates/equity volatility puzzle
https://image.nostr.build/dcec925041a716c6a9950dfb2ccd18fe6cb5371f3ecdef309299955bb94d3580.jpg


"Every election is a sort of advance auction sale of stolen goods.”

― H.L. Mencken

https://image.nostr.build/87901bee8f00ee9a071ff94e6786a97292eec9147adea5b4814947af2d7a8a6a.jpg


perhaps the biggest tail risk for investors is reality itself.

https://www.reuters.com/markets/market-reality-can-be-more-outlandish-than-wildcard-forecasts-mcgeever-2023-12-12/
https://image.nostr.build/1f172e19eebfea1b9edb6bc7e56549c6de228a5e07d9ea436dd807a40fd11ab2.jpg


I am now a freelance bitcoin journalist, content creator and MC.

I stepped back from Cointelegraph as an employee on Monday.

Feels really really good.

I’ll earn less but it’s hopefully worth it.

I will still share content on their platform at times as I believe it’s worthwhile getting bitcoin only content on the largest crypto000 platform.

However, all documentaries, longer videos and educational/how to content will be published on my channels including Youtube.

Naturally I will be reaching out to sponsors. They must be bitcoin-first companies as well as products or services that I use on a day to day basis.

I’m also going to try to crack TikTok. I want to reach more normies in 2024.

Thank you for your support, Nostr frens.

You’ve been an important space for me to vent my frustration over the past year.

Ultimately, Nostr has helped me arrive at this decision.

Cheers to you all 💜


https://savingsatoshi.com/

For coders


Tchaikovsky added: "I had so much fun writing this novel. It’s the closest I’ll ever get to channeling writers like Douglas Adams. Sometimes the world ends in fire and sometimes in ice, but just occasionally it ends in a lot of robots trying earnestly to obey their programming." (The Bookseller)
https://image.nostr.build/0fdadf923d8882c96a90a2b7751e7c68b11df38caf1a4b36604a7c057ab8828c.jpg


https://stacker.news/items/349188
https://image.nostr.build/e6e16e1f4b7a55b68cef9e2c3d2cdf5e5e9cfc7eaab5dd68f44507a270c0779a.jpg


To counter the unchecked growth of state power, we must return to sound money anchored to a reliable store of value, with a ledger that cannot be manipulated by the State. (#Bitcoin Magazine)

https://image.nostr.build/cb2002bbf7614b91fd82f03a9acf6066138902d84965d7ae40ae774db78ee8b5.jpg


To help us understand money, we must examine the question: “who controls the ledger?”

(Bitcoin Magazine)

https://image.nostr.build/87901bee8f00ee9a071ff94e6786a97292eec9147adea5b4814947af2d7a8a6a.jpg


"Buying bitcoin today is like buying oil in 1850 after seeing its early utility … with the big difference being that you know that no new oil can ever be created, even as demand grows and new use cases emerge. And unlike oil, with bitcoin, you’re in no rush, because as a digital asset, you can store it cheaply for years while demand builds."

https://www.forbes.com/sites/matthougan/2020/06/17/why-bitcoin-is-valuabledebunking-the-greater-fool-theory/


https://stacker.news/items/343839
https://image.nostr.build/ceede2daa8bcadb56e607ec22118b346887831fb2ea038f1eacc084466dd997a.jpg


https://stacker.news/items/343963
https://image.nostr.build/a6c3a92234f83dbecca3726af35748aa28add2650f704332f10ca018ec32bc65.jpg


Two hogs on their back feet mourning another hog being cooked on a spit.


https://stacker.news/items/342798
https://image.nostr.build/135cd7bc2a0921c6a4b8d483208a2f8a6468a768378bd7e308a370cc1a8b8671.jpg


"Bitcoin is overwhelming used as a savings vehicle so that individuals and companies can escape manipulated fiat currencies like the dollar. This is very easy to see by looking at the chain data an observing the amount of bitcoin that has laid dormant in addresses for long periods of time... Over 70% of the bitcoin supply hasn't moved in over a year."

https://tftc.io/jamie-dimon-thinks-bitcoin-should-be-banned/
https://image.nostr.build/1625bac249d4429788a5d2898d51d183ba6dd4927f5a1f6058f30efe516158aa.jpg


Two dolphins playing dead, hoping the alligator will not notice them.


"Bitcoin has shifted the economic landscape of whole countries, and saved the wealth of many. It promises to shift the very fabric of money and the way we navigate energy."

https://bitcoinmagazine.com/culture/bitcoin-vs-marx-two-competing-geopolitical-domino-theories


"The consequences of out-of-band payments and transactions on second layer systems is much more worrying and systemic than miners occasionally not making optimal profit from a block they mine. Integration of, and more importantly real adoption of, Stratum v2 by miners can be a powerful force in undermining and reversing this dynamic."


"Expecting miners to mine your transaction because of a moral or ethical obligation is not how Bitcoin works. Morality is not the foundation of Bitcoin’s censorship resistance, greed and economic self interest is. Bitcoin isn’t censorship resistant because of morality, or miners engaging in some ideological dogma, it is censorship resistant because if you the transacting user pays a high enough fee, some miner somewhere will mine it purely out of their own economic self interest. They might even hate you, or what you are doing, or look down at you as a disgusting animal. But if the fee is high enough, they will mine it because it is in their best financial interest to do so."

https://bitcoinmagazine.com/technical/an-ocean-launch-post-mortem
https://image.nostr.build/9249e3d6203fb3d2802914181604d013cf65c2d7ab171008dbe8f0f4cd00899a.jpg


"Regardless of what is or isn't driving the price right now, it is important to try to remove yourself from the narratives and hone in on what is important; there will only ever be 21,000,000 bitcoin, governments and central banks will never stop printing money, and people are desperate for a solution to the inflation and censorship that is washing over the world. Bitcoin is the solution. This run in price makes sense when you simplify it to that."

https://tftc.io/bitcoin-price-surge-analysis/

https://image.nostr.build/ed459dc8f2a6053d739bd3c8e2b46dd7455eab795816d3aeb2939e1ddcda841b.jpg


A bat sitting on the head of a person wearing a VR headset #inkblotart


"The most fundamental sort of human creativity changes our understanding of ourselves because it changes our understanding of what we count as good. For the game of Go, by contrast, the nature of goodness is simply not up for grabs: a Go strategy is good if and only if it wins. Human life does not generally have this feature: there is no objective measure of success in the highest realms of achievement. Certainly not in art, literature, music, philosophy, or politics. Nor, for that matter, in the development of new technologies.

In various toy domains, machines may be able to teach us about a certain very constrained form of creativity. But the domain’s rules are pre-formed; the system can succeed only because it learns to play well within these constraints. Human culture and human existence are much more interesting than this. There are norms for how human beings act, of course. But creativity in the genuine sense is the ability to change those norms in some important human domain. Success in toy domains is no indication that creativity of this more fundamental sort is achievable."

https://www.technologyreview.com/2019/02/21/239489/a-philosopher-argues-that-an-ai-can-never-be-an-artist/


In just 53 halcyon days from Aug 1-Sept 22 this year, five events helped flip the Bitcoin ESG narrative. They were:

1. KPMG Report concludes that Bitcoin supports the ESG imperative (1 Aug)
2. Peer reviewed research supports thesis Bitcoin can be good for environment (8 Aug)
3. Cambridge acknowledges Bitcoin energy overestimation (30 Aug)
4. Bloomberg Intelligence charts show Bitcoin mining leading decarbonization (14 Sept)
5. Institute of Risk Management conclude Bitcoin helps renewable transition (22 Sept)

https://bitcoinmagazine.com/markets/why-the-new-esg-narrative-about-bitcoin-will-power-the-next-bull-run


A pink Labrador with a mouse sitting on its head. #inkblotart


Didn't even notice that!


Cycle inception...

https://stacker.news/items/334092
https://image.nostr.build/97f9d98605c0be2a86e5f7ae03aeee1e679a3b89ac469e9c244adcc040988108.jpg


One man's buying #Bitcoin is another's selling fiat.
https://image.nostr.build/e54296b8a9d8efc5d267042deed77d2208f90f7ef88b5d28cdec02bb58cf6922.jpg


Lawyer and privacy activist Max Schrems said: "Fundamental rights are usually available to everyone. How many people would still exercise their right to vote if they had to pay €250 to do so? There were times when fundamental rights were reserved for the rich. It seems Meta wants to take us back for more than a hundred years."

Or one could just uninstall Facebook, delete one's account, and walk away from the whole mess.

https://www.theregister.com/2023/11/28/metas_eu_privacy_fee_triggers/


"I just want to go to the movies and feel like the people who made the movie don't hate me," said one fan.

https://www.thebitcoinbugle.com/disney-to-stop-making-movies-plans-to-donate-money-they-would-have-lost-to-homelessness/


"If btc works, it will re-structure human social interaction, and economic interaction, just as all the major technological revolutions that came before did."

https://stacker.news/items/331795
https://image.nostr.build/625800568664e028f9f5a7a155b9718296230cb50bacf140af4ee5e0ff7fa3ce.jpg


“I’m staying humble, appreciating I have a lot to learn but saving the best asset I can find”

https://bitcoinmagazine.com/culture/what-is-a-bitcoiner
https://image.nostr.build/967d12ab11553bf508fc83beaebbb4d0515d738b0c87ff1e8a9c43cfe1d26a46.jpg


Two break dancing black scorpions try to impress a snow leopard. The leapord is not impressed. #inkblotart


"The effects of monetary policy changes are far less predictable than central bankers make out, and the margin for error in economic forecasts is nothing short of legendary."

https://unherd.com/?p=492322


A contemplating koala bear in the background manifesting - through the power of his thoughts - the black splodges in the foreground. #inkblotart


Shinobi:

"Lightning is proving definitively right now that it can function as a layer for interactivity between different custodians, and that it works smoothly and very effectively for that. There is no reason at all Lightning cannot function as a similar connectivity layer for other layer twos that have superior trust models than a explicit custodian. If channels are not something individuals can cost effectively have for their daily spending activity, that doesn't mean they are not cost effective for LSPs who run new protocols in addition to Lightning to link between each other, allowing their users to interact with each other. Arks, Statechains, and whatever new ideas people develop over the coming years.

It can be a translator layer for other systems that scale the end users ability to onboard and transact on those layers, exactly like we wound up realizing the blockchain would have to be. And there is nothing wrong with that."

https://bitcoinmagazine.com/technical/lightning-is-doomed
https://image.nostr.build/a6c3a92234f83dbecca3726af35748aa28add2650f704332f10ca018ec32bc65.jpg


The 4-year sharpe ratio of Bitcoin outperforms every other asset over its entire existence. Treat it like a 4-year bank certificate of deposit and watch your wealth skyrocket.

Bitcoin is a currency (space) technology AND bitcoin is a savings (time) technology. It is the best money ever available to humanity.

If the volatility concerns you, invest less in bitcoin. If you want to save more in bitcoin because it outperforms everything over enough time but you can’t save as much as you want, spend less.

Bitcoin isn’t negotiable. Using it comes at a cost. Adapt your life and decisions appropriately.


What would it look like, if an emergent money was being monetized?

Often when I talk with academics or other high-IQ critics of bitcoin, it’s the volatility and seemingly speculative aspect of it that turns them off. It’s almost distasteful to them. They can get behind the idea of global open-source payments and so forth, “but that’s not why people buy it” they’ll say. “They buy it because they’re speculating. It’s too volatile for its own good.” Some aspect of them dislikes it in principle, almost *because* one can make money from it.

But a new decentralized money, including its own unit of account and liquidity, doesn’t just emerge as a multi-trillion dollar-equivalent network out of the box. In order to go from zero to trillions in market capitalization and liquidity, it needs upside volatility. And with upside volatility comes speculation, leverage, and downside volatility. Cycle after cycle, it’s priced like an option. At first it’s like a 0.1% chance that it succeeds in the long run. And then in the next cycle it’s like 1%. And then in the next cycle it’s like 5%, and so forth. So, early capital allocators that have seen a thing or two and know the high failure rate of new ideas will say, “This’ll probably fail, but if it doesn’t, both the investment gains and the macro implications will be enormous.” And then 15 years into it with a few more cycles under its belt, the probability of success looks less like a distant moonshot and more like a real possibility, and then eventually starts to look like the base case. In the beginning the question is, “how will this succeed?” and at later stages the question becomes, “what risks could prevent this from continuing to succeed?”

The process of buying bitcoin is often a speculative process at first, but then as people learn more, they often view it differently. Those that really want speculation will then continue down the pipeline of altcoins- there’s always some shiny new object to try to speculate on. On the other hand, those who begin viewing bitcoin as money, start to view it as a defensive or risk-off act to hold a piece of this liquid and globally decentralized network of value. One would feel too financially exposed not to.


"The State's ultimate advantage lies in what's known as the ratchet effect—a social mechanism used to diminish individual freedoms during crises by implementing supposedly temporary measures of authority that frequently persist long after the crisis has passed. This technique serves as the blueprint for unchecked growth in State power."

https://bitcoinmagazine.com/culture/state-adoption-a-trojan-horse-challenging-core-tenets-of-personal-liberty?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


"There is great room for improvement with or without StratumV2. What’s needed is a pool that offers miners the ability to take direct custody of their coins while mining. This requires that a pool (or its hashers) construct block templates in which miner’s rewards are paid out directly in the coinbase/generation transaction contained within every block. The fact that this is impractical under the FPPS system means any pool doing this would face reluctance from some miners, but those who switched would enjoy greater transparency as Bitcoin itself would - above some threshold - be paying them directly with an easy to verify split of subsidy and fee revenue. This can be coupled with pools - pre-stratumV2 - at least making miners aware of block templates constructed on their behalf prior to blocks being solved, and post-stratumV2 simply needing to verify that all miners are constructing templates that accurately reflect reward splits without the scaling implications of all miners having to do this continuously."

https://bitcoinmagazine.com/technical/are-mining-pools-becoming-a-problem-

https://image.nostr.build/b5fb8b15c1e4ecbb6f241face91d3dceef6ff42e7d93c661646e05f7b1a708fb.jpg


As My First Bitcoin’s founder, John Dennehy, put it best, “There's been a lot of cheerleading on here because Argentina’s president-elect, Javier Milei, has said positive things about Bitcoin. If we judge politicians not based on what they have done but on what they promised during their campaign, then we have learned nothing. Don't trust, verify.”

https://bitcoinmagazine.com/culture/mileis-presidency-implications-for-argentina-el-salvador-and-bitcoin-adoption?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share
https://image.nostr.build/0f5b925592a0bca4ad5ba7c9d20bd3ea75502233f205dd00ff1f624d7b05ea44.jpg


https://stacker.news/items/329397
https://image.nostr.build/1b39d23272d5736383678a87d6074c8e1b8c6ce197d32cc967aa3865d2beff8b.jpg


https://stacker.news/items/328902
https://image.nostr.build/969bd96a90966f45ad3f7db9e39a9b6f67488fd9791d5948c9cd1069dfacffbe.jpg


"cohesive teams outperform teams which struggle to reach consensus. fortunately, the bitcoin community was constructed around a mathematical consensus machine. despite continuous disagreement within the community, we are ultimately forced to reach a collective agreement every ten minutes. each of us have taken unique paths to understanding the importance of bitcoin and we all support the network in a specialized way. even those who attempt to attack bitcoin provide their own form of value. we can thank them for helping to educate us and to point out potential vulnerabilities in the protocol."

https://bitcoinmagazine.com/culture/bitcoin-the-worlds-first-decentralized-organization?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


https://stacker.news/items/225173
https://image.nostr.build/1bb52d7aa8d48d7d6ad8c3891c1ec19e2d59ee67102b48b384bfeddd4979a20e.jpg


"Our ability to fund wars should come before the welfare of US citizens. Inflation is transitory because you eventually die and won't experience it anymore," Yellen said in response to criticism of the Treasury's recent enforcement.

https://www.thebitcoinbugle.com/wallet-of-satoshi-plans-to-rebrand-to-wallet-of-janet-in-order-to-serve-us-cusotmers/


Two ladies (with a double-bun hairdo) walking away from a shrine. #inkblotart


"Milei’s biggest challenge is to dismantle an elaborate web of price and currency controls spun by the outgoing Peronist administration without triggering hyperinflation and economic collapse."

https://www.ft.com/content/f574a3af-fec2-41ed-b093-40bc9b20bdd2
https://image.nostr.build/1625bac249d4429788a5d2898d51d183ba6dd4927f5a1f6058f30efe516158aa.jpg


"this is a pure projection play because if the treasury or the doj actually cared about preventing money laundering and terrorist financing they would investigate themselves. it is very convenient that they are able to pick on bitcoin and other cryptocurrencies when we live in a world in which jeffrey epstein's client list is withheld from the public, there is no accountability for the $100b+ in taxpayer money that has been siphoned off to ukraine, politicians are currently running 2024 election campaigns with dollars overtly stolen from ftx users, and the pentagon just failed yet another audit and can't account for $3.8 trillion of military equipment. $3.8 trillion is 5.34 times larger than the current bitcoin market cap. and that is only one part of the government. we haven't even mentioned the black box that is the "inflation reduction act", or the covid ppp loans, or the black box budgets of the cia and other intelligence agencies. if these people actually cared about money laundering or protecting us consumers they would be aggressively investigating themselves."

https://tftc.io/charges-against-binance-and-cz-are-a-misdirection-play/?ref=martys-bent-newsletter


An lilac alien with wings and arms outstretched as its black body armour floats into position. #inkblotart


"Bitcoin is the apolitical monetary system that the world needs. Anyone who wishes bitcoin to succeed should be very happy that the large nation states of the world are infighting. The pissing match gives us more time to ensure that the network is as distributed and robust as possible while onboarding as many individuals as possible to the network."

https://tftc.io/geopolitical-chess-board-reshuffling/


"“when you have no idea what to do, and everything that you might have to do is very unpopular, you form a commission,” said rep. brad sherman (d-calif.).

“frankly, unless we have truly extraordinary economic growth, we’re headed for a pretty bad outcome,” sherman said. “you need revenue, you need to deal with spending, you need to deal with entitlements — and you need to wonder whether democracy is capable of doing any of that.”

there’s also no clear consensus on what, exactly, reining in the debt even means. on the campaign trail, republicans talk of balancing the budget, but economists focus more on whether the debt is growing faster than the economy as the relevant measure."

https://www.politico.com/news/2023/11/20/national-debt-spending-interest-wars-00127805


"many bitcoiners talk about how bitcoin will defund the state by talking away its power to print money, but they miss bitcoin's ability to take away the state's power to extort explicitly, a power that the more statist types justify. sek3, on the contrary, made the creation of circular economies to weaken the state a moral imperative and would be proud of satoshi. even the authors of "the sovereign individual" predicted that technology would shrink the state by making extortion harder to enforce."

Sek3 = Samuel Edward Konkin III, the founder of agorism (according to this article)

https://stacker.news/items/322600


“When the price of Bitcoin falls, it gives a chance to new entrants to take advantage of the Bitcoin revolution.”

https://stacker.news/items/321946/r/halalmoney


“when i use a social media platform, i pay for that experience using my data. this data is valuable because it can be monetized by selling it to entities which want the data. when an influencer creates content, they are paid with attention. this attention is valuable because it can be monetized by redirecting it to entities which want the attention. see the parallels?

in either case the thing being paid, data or attention, is not money but instead a thing that can be exchanged for money. that process of exchanging these things for money, which i called “monetization” in the examples above, creates enormous market inefficiency. for example, consider what is being paid when you use social media to build a following. on the one hand, you are paying with data but you are getting paid with attention. what’s the exchange rate for these things? to what extent does that rate change and under what conditions will it change? you probably have no idea; these aren’t even the complicated questions and we literally have no idea. people cannot make rational economic decisions when there is such ambiguity in the market.

…the stablecoin’s major failing is that it is not a bearer asset and therefore has counterparty risk. the stablecoin issuer is supposed to have real fiat for each stablecoin it issues. this may not always be the case. even a cbdc implemented as a bearer asset is only a bearer asset to the extent that the user is using it for “approved” transactions. a permissioned cbdc network can easily freeze accounts without any justifiable reason. in an increasingly politicized web, bad currencies like attention (they can just lock your account) and data (they can use your data to verify that what you are doing is authorized) and cbdc’s are all prone to censorship.

…if data and attention are no longer valid currencies, then the only thing that remains is to use one’s creativity and speech - one’s works - to earn the real currency. there is a cool philosophical parallel here. proof-of-stake, so favored by web3 vcs, will predictably imagine a rent-seeking “own” value proposition to project their preferences to the future internet. bitcoiners understand that ownership is meaningful only when there is true scarcity and proof of work.”

https://bitcoinmagazine.com/markets/reimagining-web3-with-bitcoin?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


If your financial advisor told you to avoid #Bitcoin, sack him.

If your ethical advisor told you that Bitcoin is unethical, fire him.


A politician who says something you like is still a politician you shouldn’t trust.

“He also addressed the concerns around the BlackRock spot Bitcoin ETF, stating that BlackRock is "a tentacle of the government." He says the money they manage comes from government actors pushing them to adopt agendas, and that it is a "farce" to think BlackRock is applying for this ETF in a free market way. Ramaswamy said this is "the government trying to masquerade as Bitcoin friendly, but in fact it's just a captured system." ”

https://bitcoinmagazine.com/markets/u-s-presidential-candidate-vivek-ramaswamy-the-government-is-threatened-by-bitcoin?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


A meditating panda flanked by two seals lying in their backs and looking to the sky. #InkBlotArt


“the system becomes more and more dependent on fake money, and the underlying economy is forgotten. despite equities remaining only 10% from highs, labor force participation is at the same level as march 1978. nvidia rallies to all time highs, while fentanyl overdoses climb in tandem.
all basic logic flies out the window. a lackluster jobs report? equities rally. low unemployment print? massive selloff in spy futures. bad news becomes good, and good news is bad, as now the major variable on everyone’s mind is what will the fed do?
this is the upside down. all traditional behavioral economics is thrown out- with the new paradigm only relying on central bank actions. we rally whenever jobs numbers are bad, because this means the economy is doing poorly, unemployment could rise, which would give powell a justification for more qe.”

https://stacker.news/items/317424/r/halalmoney


“the monetary system strongly effects almost all aspects of our existence. it is the most fundamental infrastructure of society.
it is painfully obvious to me that our current societies are sick and self-destructive, and it seems like the most effective way to help heal is to accelerate the transition to a strong monetary system, that is based in math, to recover from this weak fiat money that is toxic to everyone, even including the people who think they'd profit from printing it...”

https://stacker.news/items/316237/r/halalmoney


“"whoever controls the protein controls the people.

in the roman empire times, whenever there was civil unrest, [the royal class] would hold 'celebrations of bread'. the people would be loaded up with carbs, it made them fat and happy, and the civil unrest would settle down.
politics, food, and control of the people have been interlinked for as long as we've had politics. and currently, we're seeing a huge push away from animal-based food sources, and toward plants.

when you move down that pathway, no matter what the rhetoric, a plant-based diet is going to be incomplete of the nutrients required for life. and in the process of that, you're controlling the people, because you're controlling their protein. you can call it conspiratorial if you want...but it's happened forever."

—dr. gary fettke

https://stacker.news/items/315200/r/halalmoney


“it's crucial to differentiate between harmful deflation, typically triggered by demand shocks, and beneficial deflation, often driven by technological advancements. we've observed the latter in industries such as electronics, where it has led to lower prices and enhanced purchasing power over time.”

https://www.delphi.ai/jameson-lopp/talk


“ For money to become sound, a core prerequisite has to be followed. Because the creation of new money depends on the government’s hunger to spend outside its means, the money itself has to be detached from the government.”

https://bitcoinmagazine.com/markets/bitcoin-a-beacon-of-financial-liberation-in-a-dollar-driven-world?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


“ BlackRock is legally and reputationally obligated to maintain 1:1 physical reserve for the paper Bitcoin, this drives up demand for spot as their customers buy paper.
MOST IMPORTANTLY
It turns Bitcoin into no-friction collateral, since ETF shares can be borrowed against as a margin loan.
Since the entire fiat financial system runs off debt, this is a missing piece needed for the speculative attack and why the deep state has been fighting spot ETFs.
Using margin, the cost will be trivial for someone to buy 2 billion worth of Bitcoin with only 1 billion in cash.”

https://stacker.news/items/314449/r/halalmoney


$miles


Sorry. It seems I can’t upload screenshots. Anything to do with relays is greyed out.


The problem seems to be linked to the display of relays. See the screenshot


hello YakiHonne peeps. I like your app. it’s very different from Damus which is more addictive but, IMO, also a place where you can waste a lot of time (more consumption and less production of content).  a technical problem I have recently encountered:  I am using iOS 17 and am seeing a lot of greyed out areas instead of the text I could see yesterday.  all the best for your future endeavours! — This is a comment on: https://yakihonne.com/article/naddr1qq2ny4ncwenxc5rn2fvyjumjgdmz6s2hvse5jq3qyzvxlwp7wawed5vgefwfmugvumtp8c8t0etk3g8sky4n0ndvyxesxpqqqp65wrerxtu


My bookmarked articles on Yakihonne


it works — This is a comment on: https://yakihonne.com/article/naddr1qqyrsv3jvcmxxwp5qgspulsf73ljtv8narrmxj875ftwcn2pwlqjery0llh29cag89jk02qrqsqqqa28xkvj2z


“zerosync is spearheading the development of proof systems for bitcoin. applying groundbreaking cryptography, we are pioneering the future of bitcoin scalability, interoperability, and privacy.”

https://zerosync.org/#intro


“it is painfully clear that we, as a society, do a horrible job of educating people about the financial system. this is no coincidence and no mistake. the oppressors cannot maintain their system while also encouraging the students to ask why it exists or what it accomplishes. bitcoin provides a better pedagogy, one in which the student is empowered to take an active role in their learning and explore the how and why for themselves. i believe this bitcoin pedagogy is the new pedagogy of the oppressed, a way of teaching and learning that is designed, from its inception, to liberate people. and we need you. if you are reading these words, you should be thinking about yourself as a teacher-learner for bitcoin, and you are just in time. this new pedagogy, and your involvement in it, is of paramount importance as we enter the “then they fight you” phase in bitcoin’s journey.”

https://bitcoinmagazine.com/culture/bitcoin-and-the-pedagogy-of-the-oppressed?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


“the dominant forces working within the financial system have no desire to have regular folks understand the role of the central bank, how money is created, why inflation happens, the details of fractional reserve banking, the relationship between government and banks, or the boom-bust business cycle and what causes it. the way finance is taught simply serves to “annul” our creativity and “stimulate” our credulity. the ability (or even the desire) to question the system is eroded. those in power have no interest in revealing their world or having it transformed.”

https://bitcoinmagazine.com/culture/bitcoin-and-the-pedagogy-of-the-oppressed?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


“we are on the cusp of a monetary revolution, but it will require education. bitcoin education in the university offers not only a way to educate students about bitcoin. it also offers a way to equip these students to become bitcoin educators for the next generation of adoption. university students are generally curious, energetic, and influential—just the kind of people who can effectively introduce bitcoin to others. as education around bitcoin grows, trust will grow. and that will open the door to the widespread adoption of bitcoin that we are working for.”

https://bitcoinmagazine.com/culture/exploring-bitcoin-in-the-university-preparing-a-foundation-for-widespread-adoption?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


“…it is the genesis of absolute scarcity. it solves the foundational problems of money. it has a market cap equal to all other crypto assets combined and a network effect that dwarfs the others. and it makes sense to study the most important thing in depth rather than to superficially cover a thousand far less important things.”

https://bitcoinmagazine.com/culture/exploring-bitcoin-in-the-university-preparing-a-foundation-for-widespread-adoption?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


“decentralization, one of the core principles outlined in the white paper, is a key feature that distinguishes bitcoin from traditional financial systems. instead of relying on a central authority, such as a government or a bank, bitcoin operates on a network of nodes spread across the globe. this decentralized nature ensures that no single entity has control over the currency, making it resistant to censorship and protocol manipulation.

immutability is another crucial aspect introduced in the white paper. once a transaction is confirmed and added to the blockchain, it becomes nearly impossible to alter or tamper with. this property provides a high level of security and trust, as it eliminates the need for intermediaries to validate transactions. the immutability of the blockchain has far-reaching implications beyond finance, with potential applications in supply chain management, timestamping systems, and intellectual property rights.”

https://bitcoinmagazine.com/culture/celebrating-bitcoin-white-paper-day-reflecting-and-looking-forward?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


“the publication of the bitcoin whitepaper and the widespread dissemination of this information has shown the world that there is a better way to create money, in a way that takes the power and temptation away from our so-called leaders to print new money at will for their own benefit. bitcoin binds this innate temptation towards corruption in an unbreakable chain of positive incentives, decentralization, transparency, and hard-capped supply, enabled by the ingenious difficulty adjustment and backed by the world’s energy.”

https://bitcoinmagazine.com/culture/the-bitcoin-whitepaper-and-its-parallels-to-martin-luther?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


“the political consequences of clearinghouses and persistence of self-custody at scale will be paramount to a permissionless financial system native to bitcoin. the ability to practically operate while maintaining bitcoin self-custody is the primary distinction between a bitcoin standard system and a gold standard system. gold wasn’t an effective means of payment and thus custodial service, and notes became a necessity, paving the way for fractional reserve banking, and, eventually, the political capture of reserves and their ultimate removal. bitcoin is different. as more tools emerge for individuals to operate in a self-custodial manner, it will be practical for individuals to conduct economic activity without entrusting their bitcoin to custodial providers. it seems likely that this property, unique to bitcoin, is what will ultimately prevent a central bank- and fiat-like system from emerging.”

(https://www.axiombtc.capital/banks)

systemic decentralization deters political capture


“when asked why animus uses bitcoin as a vehicle for generating returns rather than traditional assets, pace opined that bitcoin is “inherently speculative; it is inherently a psychology problem. the fact that narratives are impactful for individual trading behaviors means that those narratives then have a strong effect on the price and the story that underlies this asset. we’ve seen that this week with the [false] etf news coming out. an etf didn’t come out, it was just news about the etf that moved the market sharply.” ostensibly, their ai models for teasing apart that sentiment allows them to capitalize on these emotional bouts of volatility.”(https://bitcoinmagazine.com/culture/bitcoin-alpha-competition-winner-animus-technologies-awarded-1-million-in-seed-capital?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share)


“i think what is starting to happen is people are realizing that bitcoin mining is actually a technology solution for the energy sector… if you think about it from the energy side, miners could be your first customer for a new generation project as it comes online. bitcoin mining can also be the way that you could hit your esg goals through [methane mitigation or heat recycling]... you can view these positive externalities that come off of mining as the primary use case for the customer, which is very exciting.”[MARATHON DIGITAL HOLDINGS LAUNCHES LANDFILL METHANE-POWERED BITCOIN MINING PILOT PROJECT](Check out https://bitcoinmagazine.com/markets/marathon-digital-holdings-launches-pilot-landfill-methane-powered-bitcoin-mining-project?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share)

Marathon is partnering with Utah-based Nodal Power to mitigate landfill methane emissions, opening the door to proliferation of carbon-negative bitcoin mining.


“Sovereign coercion: today users don’t choose money, governments do. If money was chosen in a market and not imposed on society for political purposes, the money of choice would be different to the enforced fiat currencies of today. We are likely witnessing the early stages of the decay of this system, but any transition will require an alternative that is practical enough to use and decentralized enough to eliminate the possibility of coercion.” — This is a comment on: https://yakihonne.com/article/naddr1qqgxzcmpv3nrsvmrxfnx2en9xscrjq3qvdaz78d96t7pjakpfmqqlr4wgq26l6vmkf25782n05qgdgtfmk8sxpqqqp65wmcsvm9


“i don't think the u.s. dollar is going away anytime soon. it is impossible for me to overstate how entrenched the current financial system is. we're talking about a credit-based economy underwritten with vaporware currency. to do away with that is asking people to self-impose accountability — i don't expect it to happen in my lifetime.”

“ultimately, there are two kinds of people who buy bitcoin: those with faith and those with an investment thesis. at some point, there's no difference between the two. bag holding is bag holding. and when that plays out over a four-year span, eventually only the crazies are left. this is the first time i've been meaningfully up on my bitcoin with respect to fiat for any length of time.”

[The last one standing: Reflections from a bitcoin bear market](https://www.jtwoodhouse.com/the-last-one-standing/)


Extract: “Ross mentioned three ripe areas for new apps with SDK-enabled Lightning:
          - dynamic content (i.e. streaming sats for streaming content) - making more intelligent energy grids with real-time pricing (e.g. imagine getting paid by the electric company to wash a load of laundry or charge your car because you’re taking load off the grid) - social micropayments on the order of children's allowances and splitting bar tabs.” — This is a comment on: https://yakihonne.com/article/naddr1qqxnzd3exumrzwpj8qmnjvpcqgsd70fk9ftws2nw7gfehjnnvr4sc5pyy482p4vfdrnrkeec83m9ajgrqsqqqa28y8e06y


Extract: “The key to scaling Lightning further is connecting it to other technologies, and developers are the ones who’ll be doing the connecting. There are something like 28 million developers out there. They’re the ones with the creativity, technical acumen, and practical know-how to solve problems and add value to users’ lives by adding Lightning functionality. They have the hacker mindset required to see past fiat payment processors and see the opportunities opened by private, disintermediated, programmable money.” — This is a comment on: https://yakihonne.com/article/naddr1qqxnzd3exumryvpjxvcrjdfsqgsd70fk9ftws2nw7gfehjnnvr4sc5pyy482p4vfdrnrkeec83m9ajgrqsqqqa286cz9sq


An interesting article. Thank you!   “…the loss of human life isn't captivating, but the conflicts are. It's like being in high school when a fight breaks out. A crowd gathers to watch. It's terrible, it's dreadful, but it's fascinating. Very fascinating. The common announcement during such events was often, 'Something's happening, check it out!' No matter how terrible it was, we always want to see it.” — This is a comment on: https://yakihonne.com/article/naddr1qq252ancve4hgumzv3k8y5jsfumxznj32avkuq3qlqs30x7466guvx6r2cek8z9d4hpucycy7j08wx58cwx70m206q3qxpqqqp65wgtv8aq


True


We’re giving away over 200 Azteco bitcoin vouchers this week at the Gift Card & Voucher Association (GCVA) 2023 Summit in London.

Will your Azteco voucher be worth $1, $10, or $100?

Track down Tom Dobbels or Filippo Todini to get your voucher and to learn how easy it is to offer bitcoin as a gift card or reward.

#azteco #bitcoin  #vouchers
#GCVAevents #NovemberSummit #giftcards


I agree that instilling hopelessness at every corner hasn’t helped, but one can still take agency over their own life where possible.


Perhaps if you starve someone of hope their curiosity dies.


“While borrowing costs may just have reverted to their long-run average after a period when central banks kept them artificially low, a generation of politicians grew up believing money grows on trees.”


The bots get them first! Perhaps you have to use DMs.


“…there have been nearly 2,000 allegations of child sexual abuse and exploitations made against U.N “Peacekeepers” worldwide between 2004 and 2016, as reported by the Associated Press. This includes the child sex ring in Haiti from 2004 to 2007 where Sri Lankan UN “Peacekeepers” traded food in exchange for sex with children as young as nine years old.

The names of the offenders are kept confidential by the UN, and the UN puts the responsibility on member states to investigate & prosecute. UN records on these allegations are also incomplete and hundreds of cases have been closed without explanation. The United Nations even continues to send Sri Lankan peacekeepers to Haiti, despite the scandals. In the United States, we can see a similar level of accountability with the Department of Justice still withholding the client list for Jeffrey Epstein’s child prostitution ring, among many, many other examples.”


Right on time…

nostr:note1afrgjdlkfqwfcrjdcz3407vf9wgyq5etew0avlzjmcyjenf8jnssne38l9


I hope you are right.

I also hope people will think in terms of what portion of the 21 mn.  Bitcoin they have in self-custody rather than fixating on the dollar value of their stack.


An interesting take and a good counterpoint to the “Bitcoin makes war unaffordable” mantra.


“The fiat system's evident flaws, favoring the elite while burdening the masses, is glaringly unfair. We, the people at the bottom of the pyramid, bear the brunt of these economic issues. It's a call to action to seek alternative avenues to protect our livelihoods in these turbulent financial times.”

https://stacker.news/items/306095/r/halalmoney


Grass roots adoption > waiting for permission

https://stacker.news/items/305660/r/halalmoney


Elon Musk started PayPal and as a result of that and his first principles thinking, it is highly likely that he perfectly understands money.

Similar to how it is highly likely Elizabeth Warren perfectly understands money.

He also must understand that the natural state of the free market IS deflationary.

If both of these are true - then he also must know (as one of the top AI + robotics companies) that he is stealing the productivity gains that should flow to society in the form of lower prices by pretending he is solving planetary issues through a broken system that makes them worse.

In other words, Elon not advocating for #Bitcoin is not because he is stupid. It’s because he believes you are.


I’m not sure if Elon understands it. I haven’t seen any evidence of that.

PayPal was founded by Peter Thiel and all the videos I’ve seen of Musk from that time, as well as all the accounts of people who worked with him, depict him more as a problem child who helped with financing. It wasn’t even called PayPal when Musk was a part of it, and much of his success during that period was him failing upwards during a massive .com bubble (in my opinion).

Massive wealth outliers like Musk in a fiat world benefit a ton from their circumstances. Musk ran good enough grift companies to succeed massively in two bubbles, being the .com bubble and the electric vehicle bubble. The majority of his wealth comes from successfully rolling over money from the first bubble into the second one.

He has made many common shitcoiner mistakes, like believing block times and throughput changes are “innovative changes which can scale blockchains”. His whole life is full of grifter moments.

To me, Musk is a shitcoiner who succeeded in fiat grifting before real shitcoins even existed. He is not some kind of economic guru who is playing 4D chess with all of us and trying to keep people from understanding the true nature of our money. He just needs to grift hard enough to pump up a company by riding trends and influencing government policy, sell shares at the top, and then roll over the proceeds into another company and repeat the cycle.

X.com ➡ Tesla ➡ Twitter


“…Bitcoin offers a way to vote with your feet, a parallel system that doesn’t care about your feelings, that will reward those who see its inevitability, that has rules with no rulers, that is incorruptible and beyond the scope of governmental control.”


The Nostr long-form content mobile app is here for you to test

iOS: https://testflight.apple.com/join/0ImVdAfI
Android: https://play.google.com/store/apps/details?id=com.yakihonne.yakihonne

Feel free to enjoy the experience and report us with feedbacks via DMs or hashtags

#nostr, #yakihonne, #mobile-app, #the-nostr


“When we take what already exists and improve on it, we are in the shadow of others. It’s only when we step back, ask ourselves what’s possible, and cut through the flawed analogies that we see what is possible. Analogies are beneficial; they make complex problems easier to communicate and increase understanding. Using them, however, is not without a cost. They limit our beliefs about what’s possible and allow people to argue without ever exposing our (faulty) thinking. Analogies move us to see the problem in the same way that someone else sees the problem.”

https://yakihonne.com/article/naddr1qq2kxn3j2fpxxw2cv49xwcmcwagngwryf4hnyq3qu6qhg5ucu3xza4nlz94q90y720tr6l09avnq8y3yfp5qrv9v8susxpqqqp65wsr7eaj


Bitcoin hashrate en nuevo récord all time high (ATH) o lo más alto de la historia. Solo en el median average está en 457 EG/s. Algo como
450.000.000.000.000.000.000 hashes por segundo.
Recuerda, minero persigue precio. Precio no persigue a minero. https://image.nostr.build/6c961b43ffbb0a5c25169f2ea8f3a1b5ce5b3b99b56b6147f4a2fd941d2c2930.jpg


"Scarcity, when applied in the right way, can be a powerful tool to drive innovation and progress. It's not about hoarding resources, but about utilising them efficiently and ensuring they hold their value."

https://yakihonne.com/article/naddr1qq25ysm9wycnqmz2dekyydtd2pdyw3rcgd28qq3q5qfdeq3me7qdt6klfdngxq6kxj7ypuds554etqnck6aujezc5uxsxpqqqp65wahe8dy


Working well for the few, not the many IMO.


Feel like technology/humans should have already reached the point of harnessing energy to a level that we have such an excess of energy abundance that reality of daily life fundamentally shifts.


 A decade later, and we're still here for the revolution. ✊
 #Bitcoin  http://res.cloudinary.com/dfdwyn5dh/image/upload/v1699143087/x3hw1h66cmcrlcujy89x.jpg


A colourful cow looking directly at the viewer. #InkblotArt


“When writing in public, there is a common idea that you should make it accessible. This is a left over from mass media. Words addressed to a large and diverse set of people need to be simple and clear and free of jargon. It is valuable to write clearly of course, to a degree. Clear writing is clear thinking. But to make the content accessible? To cut digressions and obscure references to reduce the number of things people need to understand to make sense of your argument? Really?

That is against our purposes here. A blog post is a search query. You write to find your tribe; you write so they will know what kind of fascinating things they should route to your inbox. If you follow common wisdom, you will cut exactly the things that will help you find these people.”

#grownostr

https://www.henrikkarlsson.xyz/p/search-query


“…it's vital to acknowledge Argentina's battle with rampant inflation, which diminishes the value of its national currency and places a heavy load on its economy. Embracing bitcoin, with its finite supply and potential as a deflationary asset, could serve as a counterbalance to the country's persistent inflation issues.

Implementing a bitcoin standard may not only bring economic steadiness to Argentina but also establish it as a proactive participant in the evolving digital global economy. Though this strategy carries its own complexities and risks, it could mark shift in Argentina’s pursuit of economic stability and a future-oriented digital financial system, capitalizing on its abundant natural resources.”

https://apple.news/AlnvIzMk8QjO8gYSC2i6gqQ


#zapathon nostr:note1ea0hdn58hrpxuwq005c7lw49l0lkxr6vj7ksn3v23dz995g9qm5sy5d84n


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Brilliant stuff from the allen. And enough sentences starting in lower case to make your eyelid twitch….

“what they hate is the raw meritocracy. money means nothing, reputation means *something*, but by and large ideas stand on their own. there is a fascinating subtlety here around the human (i.e. anthropological) response: because this stuff is technical and has to *actually work*; because it isn’t just aesthetic; because it serves a purpose and is validated in the real world; there is some objectivity to what is and is not a good idea. now, you can’t deduce it. it isn’t math. there will always be pros and cons. but it isn’t just taste either. some things *objectively* work better than others. there is nothing “open minded” about praising poor engineering.”

#Bitcoin


Awesome!

“At the same time as politicians continue to drive the value of their shitcoins called "national currency" to zero due to intentional debasement in a policy we all know as "inflation", they now keep shouting out lies that #Bitcoin     is a threat to "financial stability" (as if the banking system they have set up provide any stability at all)…”


It seems strange that Mozilla is looking at Mastadon but not Nostr🤔 nostr:note1d30kdupc0cyy9s2cczucn5z7yav7f5cwy6jqtnj2h8p248ndnx4qnl5apk


This response from nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu to the Federal Reserve is beautiful.

“We have no interest in causing confusion, mistakes, or deception. That sounds more like a job for those responsible for telling the market they wouldn’t raise rates after a massive monetary expansion, and then went on to raise them faster than at any time in U.S. financial history.”

https://bitcoinmagazine.com/legal/federal-reserve-threatens-to-sue-bitcoin-magazine


Be humble or be humbled.

It's better to learn this lesson early in life.


Nice! You have inspired me to read up on abstract art. I don’t understand it conceptually but I find it interesting that some pieces definitely have a stronger impact than others. Maybe something happens at the subconscious level when viewing the “better” pieces?

https://www.singulart.com/en/blog/2018/08/10/what-is-abstract-art-a-primer-by-singulart/


“His investment strategy is making itself out to be the most contrarian investment strategy during a time of massive inflation. It is so outlandish, that many are wondering if he is trying to compete with Jim Cramer.”

https://www.thebitcoinbugle.com/will-clemente-predicts-stablecoins-will-outperform-bitcoin-next-cycle/


#zapathon nostr:note1s04g4yq69202efq8fzsj9hjpsjd7zzmh8cs6ptmhfh68s4zjql0qpp6j2l


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#zapathon nostr:note1m8tqn3h9gu65rmzyr9t2k0a2yeuskh5vzwk25mkrnygvwv0r5h4q48ducz


#zapathon nostr:note1zgykzsrl2extfl9c0u9l8zvsawyh0vd2ky67vae662s0w3uj9jqsuzagh5


#zapathon nostr:note16hwqsdasqmjw4a5rh03ujyzmp7zw9fthxmjc8t4d48fg507d84ksnv85dl


#zapathon nostr:note178lr2nh7xtpfha6u2p8dkkn4z7fkqcfpxz59da79qwjwspjl6jgsmm5hlz


#zapathon nostr:note1c4jvmwjarngjhkffd9rcxugzurdzj054ta606qda5s30vfmjczvs8j6tqd


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#zapathon nostr:note1td8f894luj79e33p2g2rm4qh0fkdkk3vxj256qrqu3ngf9tsa2xs5tlx2v


#zapathon nostr:note10w7qty3ejmk8r6nmzd2ausrvkvzxwekrd658lgawen4rhw7azmjq47vhns


#zapathon nostr:note1qpgt4d349atlf6ycfye0kjdne33x3hm8sezexx80xjs7fm6z2gtqakety0


#zapathon nostr:note1nzw567cupzlrat6kh4x40gnulvcx933dhwe4tz0vaxc4yrm2f7hssp9h9p


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#zapathon nostr:note1t05kfk8chygcrynjja70tq6t9rz35h2alpesgvznqfnmzzzp6mwqe6xwrl


I joined Nostr the first week of February. I remember because it was days after my bestie kidnapped me for my birthday and had an anarchist festival in Slab City. I get back home, see Snowden taking about uncensorable decentralized social media which was exactly what I was looking for for quite a while at the point and I joined right then. I see this lovely community and the protocol that ran it. Then I start learning from the ground up about Bitcoin, something I wanted to get into since college. I wanted to mine but didn't know how/was worried about electricity cost. I wanted to buy in 2012, I wanted to buy every year but would look and think "1 coin is 5k but I need to pay this bill,l" or I need this equipment for filming. I didn't even know you could buy less than a whole coin at a time. I thought it was all just past me. Number keeps going up. With my art I thought maybe nfts were the only way to get in at that point, and that digital proof of ownership could work well selling art pieces. Then people weren't interested in anything more than shit art and all those ended up being scams🤷🏽 I just didn't want to associate. But then on Nostr I'm surrounded by people that send 21 sats when I say "lol" and upwards of 1k at the least and much much higher when I post things of actual value.

I started with 0bitcoin in Feb. After a few months of helpful plebs I had a number where I was like wow... This is what I wanted years ago.

Now at this point, I've gotten paid for an actual job via Bitcoin, 3 months in a row I've stacked on my own with robosats, and number slowly ticks up because I still post long philosophical ideas and movie breakdowns, as well as "lol"

So again. Keep talking about Bitcoin. Because you saved me. I wanted to be saved but didn't know it was still possible. 🤷🏽

nostr:nevent1qqs0fqjsgrncpzla96durdjlpfglwq3frm408t434nr5wuxn6g9rvdspp4mhxue69uhkummn9ekx7mqzyr02k7w6lgwzhe955mf6egf40dk25zm5f06x44ff5khyvs5g270xsqcyqqqqqqghxzwmn


“When the government feels threatened by Bitcoin and the central bank digital currency comes to fruition, having the ability to transact locally with Bitcoiners will be incredibly important for you and your family.”


“Bitcoin changes you and how you see the world to the point that it is hard to relate to pop culture or BS around the water cooler about last night's game. You realize how f’d up the world is and understand what the government is doing to the money and society at large. Talking about sports or the latest show just seems trivial now, doesn’t it?”

https://bitcoinmagazine.com/culture/bitcoin-needs-resilient-communities?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


Mervyn King, former Governor of the Bank of England:

“I think the problem does not
stem from central banks. It stems from the economic profession, the academic profession, which has generated a large number of very brilliant young economists, but they've all been trained to believe the same thing and they've all gone to work in central banks. So what is it that they believe that's a mistake? The big mistake is to think that money has absolutely nothing to do with inflation. This is a very odd viewpoint because inflation is a fall in the value of money. So you would think that the amount of money that central banks print would have something to do with inflation. And indeed, history tells us that if you print enough money, you will get inflation. So why did, why does the academic profession go down this road?”


GM ☕💜🧡💜

"...Out of the night that covers me
Black as a pit from sole to sole
I thank whatever Gods may be
For my unconquerable soul."

#nostr
#grownostr

https://image.nostr.build/d6d96b2b080e020084d1c636305e0dfe091ef2ba07380b6c224c1f457f868b77.jpg


Beautiful! Thanks for sharing this.


Yes, there’s a lot to do. Your art helps ease the pain of the present and helps light a way to a better future.

nostr:note1td8f894luj79e33p2g2rm4qh0fkdkk3vxj256qrqu3ngf9tsa2xs5tlx2v


A pensive alien* observes humanity from afar. It has decided not to visit us.

*Two black eyes surrounded by purple. A mouth higher up than we would expect as it’s in the place of the nose. Breathing apparatus protrude to the sides under its mouth.

#InkblotArt


GM. #freeassange
nostr:nevent1qqsy9q0j3ajgz5y9dyxshz5ttnuhr3qnsqc4mvyq4g3hxumye43n88gppemhxue69uhkummn9ekx7mp0qgsgpq7lvzqajx6zhncsggs4ujlu39903y7dql4ywt5qr0q8jndrjdqrqsqqqqqp3sc5zq


It’s easy to theoretically accept the notion that #Bitcoin is money for enemies but how would you react if your “enemy” went “all in” on Bitcoin before your “tribe” did?


Just doing my part 🫡
https://i.nostr.build/vYx7.jpg


“One of the most important axioms long-term for Bitcoin's success is its use as a means of exchange in a circular economy. Without this peer-to-peer monetization, it risks falling victim to the trappings of regulatory capture. Civ.Kit could be a framework and foundation to prevent that outcome.”

https://bitcoinmagazine.com/technical/bitcoins-fifteen-years-of-evolution-a-look-beyond-the-original-whitepaper-?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


“Timeout Trees are an incredibly simple idea that offers a huge degree of flexibility in overcoming one of Lightning's biggest known limitations.”

https://bitcoinmagazine.com/technical/bitcoins-fifteen-years-of-evolution-a-look-beyond-the-original-whitepaper-?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


Green


Hashes to hashes
Dust to dust


No mere mortal should have too much power.

nostr:note1nraq2gr0rxkr625afe5nq3sc3e84uznrykw0jhl5svkjslds372sq8j6z6


“down from”

The U.S. Department of the Treasury announced Series I bonds will pay 5.27% annual interest Nov. 1 through April 2024, down from the 4.3% annual rate offered since May.

This is breaking news. Please check back for updates.

https://www.cnbc.com/2023/10/31/treasury-series-i-bond-rate-is-5point27percent-through-april-2024.html https://www.cnbc.com/2023/10/31/treasury-series-i-bond-rate-is-5point27percent-through-april-2024.html


I wrote this article 5 years ago for the Whitepaper's tenth anniversary

https://bitcoin.clarkmoody.com/posts/bitcoin-whitepaper-ten-years


“…Bitcoin has caused millions around the world to ask the question, “What is money?” Tugging on that thread of inquiry unravels the whole fiat monetary system. Eventually we ask a more dangerous question. Can we have money without the state?

With Bitcoin, I believe we can.”


“The software code was two years in the making. The dream of digital cash was born decades earlier. Bitcoin unified multiple technologies with a sound monetary policy and economic incentives that punish rule-breakers.”


“…governments have become so addicted to issuing new debt in the form of treasury bonds that it is becoming clear that it is unlikely that they will ever be able to pay back their creditors without completely debasing the US dollar.”

https://tftc.io/the-great-bitcoin-decoupling/

#bitcoin


I see an unusual badger (unusual because of the colour purple in addition to the usual black and white). It has a distinctive white ring on its snout. We can’t see its eyes clearly as they are hidden within black patches of fur. #InkblotArt


SimpleX is based around queues. Instead of pushing everything to a relay and have it stay there forever, you push messages into a queue that eventually gets consumed by the person you’re sending the messages to. They exist on the relay temporarily and they are encrypted. Cool part is that there are no long-term “addresses” or “pubkeys” to send the message to, so spam is much harder.

I think nostr could learn a lot from this protocol, I believe we can use something like this to strengthen use cases on the nostr side. I am building a SimpleX rust library to learn the protocol further, and will be looking into how we can leverage it in our apps.


“Social polarization is a method of control by those with the money, so that you focus on something other than the money.”


Sell the currency of oppression and regression for the money of freedom and progression.

#Bitcoin


“On older episodes, the great Tempter was heard saying that companies like Blockfi and Celsius were opportunities of a lifetime.”

https://www.thebitcoinbugle.com/stephen-leveras-podcast-played-backwards-reveals-satanic-messages/


Perhaps we will have digital envelopes with a number of sats displayed with the subject header - sorted highest to lowest in sats. If you read the message you’ll automatically receive the sats to your “wallet”.


“It’s no surprise why so many have elected to simply vent or burn (aka flaring) their natural gas yield off oil production rather than engage in capital expenditure (capex) for building out such infrastructure. This is why bitcoin miners are engaging in joint venture (JV) agreements with oil producers while compensating these operations by paying for this resource at the location of production; the well-head. This allows for the producer to avoid the capex of building out the infrastructure to transport their gas production to a buyer by bringing the producer onsite and earning revenue off the production of bitcoin by integrating bitcoin mining into their production stack.”

https://bitcoinmagazine.com/business/bitcoin-mining-operations-education-program-for-energy-producers?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


A fish (centre) emerges from the mouth of a caterpillar (top-centre). Two bulls (each side) wearing elaborate headgear look out for danger. #InkblotArt


“The form technology takes informs the behavior it creates, and right now most of the technological tooling for interacting with Bitcoin is encouraging behavior that fundamentally undermines privacy. That is ultimately what this entire issue is about. Behavior. Privacy is simply not achievable alone, it requires numbers. Yet it also requires a very large change in behavior, and for a large number of people to engage in that change….”

https://bitcoinmagazine.com/culture/privacy-is-a-group-effort?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


“Biden is attempting to commit America to another open-ended conflict. Of course, the US Congress could say no, but there are scant few politicians with enough backbone to oppose the military industrial complex…”


“The structural hedging needs of banks and the borrowing needs of the US war machine reflexively feed on one another in the US Treasury market.

If long-term US Treasury bonds offer no safety for investors, then their money will seek out alternatives.”


“I don’t think China will attack Taiwan. But if China can force America to spend more treasure supporting Formosa, then that weakens the financial might of the empire. This is the exact same playbook the US used to undermine  the USSR, ultimately leading - at least in part – to its disintegration. Force your enemy to keep spending money on a military buildup out of fear, and in the process corrode their domestic economy to the point of no return. What was nukes to the Soviets, will be ever-expanding military aid from America to Taiwan and other Asian nations.”


“The real reason they are pausing is because while raising rates would hopefully keep a bear steepener from occurring, the regional US banks will start biting the dust again if the Fed keeps raising rates. Remember, depositors would rather bank with the Fed and earn 5.5% or more than keep their deposits earning much less and risk their bank going bust.”


“…no one knows at what interest rate percentage everyone blows up or what the magnitude of the losses could be. But rest assured, global citizens –  your central bank will print what’s necessary to save the filthy fiat financial system when it’s on the brink of collapse.”

https://cryptohayes.substack.com/p/the-periphery


An interesting question! A bit of looking around led me to this article.

“…in terms of evolution, he represents a more advanced evolutionary stage compared to other humans…”

“The scientific evidence confirms the Istifā of Adam, that is, the rational evolution of Adam in comparison with a human being before him.”

http://www.scielo.org.za/scielo.php?script=sci_arttext&pid=S0259-94222020000100045


“…the societal impact of a powerful technology is inevitably messy. And the conversation will be inevitably messy.”

https://www.bloomberg.com/news/newsletters/2023-10-26/ai-pioneer-calls-for-us-moonshot-investment-in-the-technology


In the past month I’ve travelled from Vancouver to LA, amsterdam, bali and now tokyo. at each stop I was able to pay and zap people in every part of the world with 0 friction. Bitcoin is borderless. When you hold bitcoin you have the ability to store and teleport value to any person on the planet. At some point we were convinced we need permission to do this, but not anymore. #Bitcoin the closest thing we have to true freedom, and its ours 🌏🧡


It's ironic that the cause of many of the world's problems (excessive government spending) will also likely be the most popular solution offered by politicians in years to come.

Humankind is hopelessly drunk on fiat, doesn't want the party to stop, and is demanding more booze despite being too incapacitated to even get up, never mind walk straight.


Welcome🫂

Here’s a quick guide to get you started🤝

http://lnshort.it/nostr-welcome/


Welcome!


https://www.cnn.com/2023/10/29/climate/white-hydrogen-fossil-fuels-climate/index.html

tl;dr: large deposits of cargon neutral hydrogen gas may exist, possibly in sufficient quantities to replace our use of CO2 producing fossil fuels.

I'll bet you that if this turns out to be viable – a wonderful miracle that would allow our industrial civilization to continue as is for decades to come – environmentalists are going to hate it because deep down they're really a human hating death cult. Same way that back in the 70's they shifted to being against nuclear power, because it had the potential to allow civilization to thrive without causing pollution.


Good day!

This is #InkblotArt, the note that zaps you for your imagination!
Today is October 29, 2023. Block height of 814355

**FULL COLOR INKBLOTART SUNDAY EDITION**

HOW TO EARN SATS ON INKBLOTART

100 sats for a note telling me what you envision.

200 sats for including my hashtags in your comments.

ONE COMMENT ONLY PLEASE, MULTIPLE COMMENTS WON'T RECEIVE ZAPS.
Everyday is fresh art and the rewards for old art don't exist. Always comment on the fresh art, please.

Want to share InkblotArt to other social media networks? (This opportunity ends on the last day of November.)
500 sats for proof of post (screenshots, no links to other social media.) Don't SPAM.
!!!ONE!!! post to a single network of your choice, per day. (Reddit, Facebook, X, Instagram, Pinterest, gab, truth social, plus other sites you think Bitcoiners may be!)
More newcomers are arriving and spreading the InkblotArt notes, hence the need to adjust rewards.

COMMENT USING WORDS NOT EMOJIS.

#GrowNostr #OnlyOnNostr #GrowArtstr #InkblotArt
https://cdn.satellite.earth/12b6ea20316e0f7fd7c7af11db1a50380dcccc6fb97b12befc6197bc79d16b3c.jpg


Top centre: a man in deep contemplation, his eyes are closed. The vivid colours around him are a representation of his thoughts. #InkblotArt


The purple twins (with goatees) look outwards. They are protected by a black canopy.

#InkblotArt


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#zapathon nostr:note1rl6psd5uw24fn4yt6pssz7fpu0xj8qx2tavjyqwu67mqepw48wasgtn69y


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#zapathon nostr:note1uhshtd80mlm9nrsnuf8klj7g4nxvx2envg7ahtqhcksnczealpkqqca25e


#zapathon nostr:note1ljus43earewrswj7h09nalg2ugc6n6fnk05z6zpegjd2laqcekfslcq698


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#zapathon nostr:note14ex965tqkh7hl48tps5pe55uas0kz9rmzndyh692yj7tmtx2gdjqy34na8


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#zapathon nostr:note16nt3un5aqj8eaqmnlgapxxsjna3uhy7knxemx37kgrcpws8jzvpqt7kjgt


#zapathon nostr:note19za7keymthntftvljavdjdl6crj08lqjyngdcm42ju3mdd6pgpks9ghllu


#zapathon nostr:note1ejwrqhqfxrrnwxmadkf5nkgvhpq2s8vp92q4zu30z0knxgu3u9mskavt6c


#zapathon nostr:note10uluw2f9p8u9k88n484kqn0sr6xrp26d9resw7q0snqmk89yyxhszp7fad


#zapathon nostr:note15jeqe5wkn5a2jtkau22dyfvhgzlekwg8u03sdcwgm884ph5v4l0s2w4wee


#zapathon nostr:note1mky2v8ryyyt0zuuc9q0hpjve52vpe7fszr77x4nhjrjxyg625yusrptn8m


#zapathon nostr:note1yzqgzd6lh8ngukghuppnlwqhh3mkz4afa5nejpkgnflg3pur6qxsh8j7rw


“While New York continues to be inhospitable to Bitcoin companies, Africans are taking the bull by the horns and forging ahead fearlessly, working to create a future buoyed by a network on which users can transact permissionlessly with the hardest asset humanity has ever known.”

 https://bitcoinmagazine.com/culture/africa-the-new-land-of-the-free?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


To bring a bit of balance to the unfettered Bitcoiner support of Argentinian presidential candidate Javier Milei:

It's being reported that he is negotiating with many people responsible for the status quo to see who will be in his cabinet should he win the election. We're seeing how trying to work within existing fiat systems will never be the solution to separating money from the State.

I've swung from bullish to bearish on Milei's potential to bring an end to the Banco Central here in Argentina.

However, I'm undeterred in my efforts in Bitcoin education. If anything, this is putting wind in my sails that education is the way forward.


Stacking sats > buying shoes


#bitcoin https://image.nostr.build/6aab4278852c6bbba5040879921b82abb2487ab29160f27d6ea4e17277df6b46.jpg


“But while the Riksbank's bailout request is certainly novel, it may be challenged for novelty (and size) by none other than the Bank of England, which … already demanded that the UK government bail it out to the tune of £29 billion (after suffering similar massive MTM losses on its duration exposure). That's just the start: over the next two years, the total BOE bailout amount may rise to £90 billion according to Deutsche Bank. And then, when all other central banks that similarly do not print reserve currencies, join the fray in this "higher for longer" environment, that's when the grassroots realization of how naked the global monetary emperor truly is, will finally dawn.”

https://www.zerohedge.com/markets/worlds-oldest-central-bank-seeking-7-billion-bailout-after-massive-bond-losses


“Young people understand the limitations of owning gold as you cannot smoke it like you can smoke cigarettes, whereas you can write your seed words on rolling papers and smoke them.”

https://www.thebitcoinbugle.com/peter-schiff-files-bankruptcy-after-bitcoiners-stop-engaging-with-his-tweets/

#Bitcoin


https://timechaincalendar.com/en     ????


I think the pandemic lock-downs showed that given a big enough crisis the state will take drastic steps to maintain some semblance of order and thereby extend the longevity of the fiat system longer than we think it can/should last.


“Bitcoin was birthed into a sick economy. Bitcoin's immune system is being tested.”

https://stacker.news/items/293014/r/halalmoney

#Bitcoin


“…why has the Bank of England (BoE) been raising rates if it’s unlikely to be effective? One answer is that other central banks have been raising rates. If the BoE doesn’t mirror rate rises in the US and eurozone, investors in the UK may move their money to these other areas because they’ll get better returns on bonds. This would see the pound depreciating against the US dollar and euro, in turn increasing import prices and aggravating inflation.”

https://theconversation.com/inflation-raising-interest-rates-was-never-the-right-medicine-heres-why-central-bankers-did-it-anyway-216087


Rothbard was correct with stating that under a hard money standard, deflationary prices will not cause a depression.

On a #bitcoin standard, prices can fall forever and an improvement in the standard of living can occur at the same time.

From the Mises institute’s “10 Great Economic Myths” by Murray N Rothbard https://image.nostr.build/a2b8d56f491677cf29748c72dd858056c5c28a3287b65ce314880ed2fd00b10e.jpg


- Fiat creates high time preference
- #bitcoin creates low time preference


Yep, #BTC humbles us all, and we all wish we started sooner... so start stacking/ keep stacking, #pleb... it is still very early and every #sat before #hyperbitcoinization counts!
#Bitcoin  #Zaps  # #Plebchain
https://video.nostr.build/ea6776b6496af12a2fa85984bc8886a9a6ecd5dc2177200323ce7e4e8be89760.mp4
#Nostr  #LFG  #Grownostr


GM

Think outside the fiat box with #Bitcoin

Loosen your fiat chains with #Bitcoin

Store value outside the fiat prison with #Bitcoin


Hopefully the exoskeleton can endure the process!


If you’re right and systemic collapse is inevitable, then we are headed into a dark age of humanity or extinction. The modern Leviathan of the current global order is not something you just let spiral, and hope that bitcoin acts as a safety net which arrests the fall. Money just isn’t going to matter that much, when the power competition starts on a global scale, and the Long Peace comes to its end.

The idea that the “bad money” being used to fuel the armies and weapons will blunt the ability of states to prosecute World War III is pretty much, to me, one of the most naive hopes that I see in these conversations. It requires a real failure of imagination and ignores the real ways in which our tribal instincts cause us to close ranks around external threats.

In World War II, the American public and most of its allies, were able to sustain extreme economic hardship, while maintaining support for war, for instance. Rationing. Soup lines. High inflation. Germany’s currency had literally completely collapsed nearly 10 years earlier, and Hitler still managed to nearly take over the world within a decade of that event.

If people really think we need to write-off the current “system” and prepare for “what’s next”, and abandon the principle of stability and trying to hold the center, then I actually think humanity is likely careening towards extinction. I don’t say that lightly.


“Restricting what can be done with a CBDC has profound implications for civil liberties. Central banks are only as independent as politicians allow them to be, and a nominally “independent” central bank can in practice be significantly coerced by a determined government. It would be far too tempting for a government to, for example, prevent a CBDC from being used to buy cigarettes or sugary drinks. More worryingly, it would be far too easy for a government to restrict who should have access to a CBDC. The prospect of an authoritarian government being able to deny its political opponents the means to live is terrifying. We should think very hard before introducing, as the sole or main medium of exchange, a form of money that is so easily controlled by government.”


“Whatever technology is used, giving households and businesses central bank accounts would be a form of what is known as “sovereign money”. In its most extreme form, this would strip commercial banks of their ability to fund themselves with deposits, since households and businesses would refer to hold deposits at the central bank than in commercial banks. The consequences for lending could be dire. For this reason, most proposals to widen access to central bank accounts restrict either the amount of money that can be held in a central bank account or the purposes for which the money can be used, or both.”

https://coppolacomment.substack.com/p/cbdcs-going-in-the-wrong-direction?publication_id=1589670&utm_medium=email&utm_campaign=email-share&triggerShare=true&r=3ezex


A giant humanoid grass hopper about to get his nostrils cleaned by that gadget in the middle.

#InkblotArt


“Unlike traditional chips that separate memory from processing circuits, the NorthPole chip combines the two—like synapses in the brain that hold and process information based on their connection to other neurons. Writing in the journal Science, IBM researchers call it a "neural inference architecture that blurs this boundary by eliminating off-chip memory, intertwining compute with memory on-chip, and appearing externally as an active memory."”

…

“But the United States still has to heavily boost its ability to fabricate such chips in large quantities, he said, a process that's barely begun.”


Mother black beetle (top centre) and her babies having fun by jumping on blueberries.

#InkblotArt


might be a good resource to share with newbs

https://www.nostrvision.com/


“The fact that Central Bankers are reaching out to our favorite Bitcoin influencers in order to gain insight on how to manipulate us is a bullish indicator for Bitcoin price. It shows that they see Bitcoin and the community using it as a threat to their plans at continued world domination.”

#zapathon

https://www.thebitcoinbugle.com/leaked-messages-between-opti-and-legarde-show-plot-to-convince-bitcoiners-about-cbdcs/


#zapathon nostr:note1mzwe6r9x2t6vsrunwae9h9eteu0ve9m5whpe9m4rjs6upuwqkd7s9sd5h4


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#zapathon nostr:note1xtz5yl0c5hsvqyf3py2et2620ahfyg3fhljhhznatk48x7772pwsh0k3ph


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#zapathon nostr:note1fxfdkceqsjn0aajfhwyke6kypevkurdgxr636yyplptdty0vgl5s7w32pa


#zapathon nostr:note12dtuwjxkpzrjjm4674mgjfg94tskxevxgugxvx3cmgdcmlvlejxsydks0v


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#zapathon nostr:note1ng30lnkhq4s95wdwhthq0gssc2e7nsqlvc4g9d7zgau82q0ezkjs5ayu8j


#zapathon nostr:note1vnwaua3ppwlatrnc4mltmnusc38zuwrfm5k830tu8zxx4p9fjnkq4chfvh


#zapathon nostr:note1atueu3rs2g8tv7ygekefeancxuc09ealpksy3jy06wwqlhjkhg0qtvpkt9


Scurvy


#magicinternetmoney nostr:npub1cgm6r08vp6uvsquhjuhxrkanaejy70qv8n6ndp3daw7t0n0xt7vsaqwqx0 #Bitcoin #plebchain #Bookstr #BeOG
https://magicbitcoinbook.com/what_is_money

https://i.nostr.build/q2Yd.jpg

https://i.nostr.build/4Xnr.jpg


From the bottom to the top:

A metallic vessel, image-merged into an alien’s face.

From the top-down:

Another alien, black and tripod shaped trying to prevent the other alien from completing its emergence from the vessel.

#InkblotArt


We are all ethically obliged to extract ourselves from the current monetary system. If you are able to do so with only 1% of your wealth but choose not to then you will be on the wrong side of history.

#bitcoin


“The fact that miners need to run drivechain nodes is particularly problematic to the claims that drivechains will scale Bitcoin. Obviously, if drivechains supporting hundreds or thousands of transactions per second catch on, miners will need to invest in thousands or tens of thousands of dollars worth of computing hardware and bandwidth to mine. This is completely incompatible with technologies that decentralize mining such as the aformentioned StratumV2 and p2pool/braidpool.”

https://petertodd.org/2023/drivechains


Best answer https://image.nostr.build/ceb8dd4f9da149052b31f47ce8a24f09f686a095c704fbf1a39fe0622d90cf94.jpg


A fat lipped blue fish wearing wellington boots. #InkblotArt


"Now they're all asking me for sats," he said with a chuckle. "But I'm not giving them any. Mostly because I have no idea how to send it."

https://www.thebitcoinbugle.com/local-man-bullied-into-buying-bitcoin/


“deploying the self-righteous fury of woke ideology to impose conformity to corporate-friendly attitudes.”


“the criminocracy – the self-concealing web of foundations, charities, investment funds and national and international institutions that controls much of our social structure.”


“It’s not giving up, it’s letting go
And moving to a better place”

Wild Horses - Birdy

Opt out with #Bitcoin


We, the people, have an opportunity as humans to stop donating our life energy to vampiric agents that feed off the productivity of the working class.

The greatest daylight fraud ever pulled was normalising a compound 2% inflation on our unit of account.

We are presented with a unique opportunity to leverage our knowledge and means to ensure individuals to flourish again.

Thus, it has never been more important to focus on the fundamentals of #Bitcoin and how you can take back control of your lifetime and start being the change you want to see.


"We cannot expect governments, corporations, or other large, faceless organizations to grant us privacy out of their beneficence."

A Cypherpunk's Manifesto
Eric Hughes
March 9, 1993


Open source code vs the fiat empire https://image.nostr.build/e1ecdfef939c12f676a7baf4818b42252ac9802798987afc056ed72c433a98b3.png


“Grayzone aggression is also relatively cheap, in blood and treasure, and it will always leave the public frightened and apprehensive about what comes next.”


A cross-eyed rabbit squaring up to a black frog.

The scattering blue marks on the sides represent the exit of common sense in the context of mindless bloodshed; the current news has impacted my interaction with your art!

#InkblotArt


Education is not the filling of a pail, but the lighting of a fire.

William Butler Yeats

https://image.nostr.build/4986c1766e3f8ab5360500efcb75599b81467e5621d6d81f6bb8bf9570360041.jpg


Deploying a SHA-256 proof-of-work consensus mechanism, Bitcoin revolutionizes the centralized fiat architecture, shattering traditional paradigacy. It’s a P2P, trustless, Byzantine Fault Tolerant financial cybersphere, underpinned by an immutable, cryptographic blockchain ledger.

It doesn’t kowtow to centralized control vectors, nor kibitz about transaction censorship. It’s a cryptographic rebellion, a cypherpunk dream actualized. Nakamoto’s brainchild is a hodler’s best bet against monetary inflation and economic dystopia.

This is no snake oil, it’s a secure, censorship-resistant TCP/IP cash, backed by hash functions and Merkle Trees. It’s a financial daemon running in the darknets of society, a persistent, unstoppable force.

A quintessential Trojan horse, infiltrating the finance citadels, disrupting power structures. From clandestine mining rigs to cryptographic wallets, it’s the undercurrent in the new digital renaissance. Hold on to your private keys, cyberspace comrades, because Bitcoin is our future.

[796144]


I see a black and red ceremonial mask. Its centrepiece is a red and white mystic fox.

#InkblotArt


True


jbp hating on nyms and now this smh

https://video.nostr.build/9431f9fc85d46c9a8e2da2a27504871aa907748451337e01fd4b22b47b05a031.mp4


Middle: a giant black bird, eyes closed in meditation

Top: a giant blue insect acts as a sentry for the black bird

Bottom centre: a black butterfly emerging from its cocoon, we can see the top of its light blue wings.

Possible wider meanings:

#InkblotArt

Middle:  think deeply
Top:       be prepared
Bottom: get ready to fly


United Kingdom


A needlessly opaque and complex monetary policy invites unintended consequences.

“A simple relationship no longer exists. We are in a complex period of the global economy, not just the U.S., and the actions taken by the Fed affect the labor market but vice versa. So we can’t just say ‘oh this is lagging, six to nine months of Fed policy is going to show up in the labor market’ — the labor market is driving Fed policy now.”

https://www.cnbc.com/2023/10/06/inflation-is-always-going-to-be-a-risk-adp-chief-economist-says.html


hello fellow kids

https://video.nostr.build/d0a4d2132dd33d845c1d7f6f29d71312014eb7c986c536df08c6ae6a9dd267eb.mp4


Taxation isn’t only about raising revenue. It’s also a means of control.


Bitcoin isn’t easier, it’s better.  Things that are better take more time to learn and use, but you do it because it’s better.

Bitcoin won’t ever be easier than centralized alternatives like cbdc’s or Venmo.  They won’t come because of cool UI or slick features, they will come to survive the fiat collapse.

Political money always collapses to commodity money, we’re just living through the latest digital iteration.

I think we do well to focus on this message instead of the slick features (even as cool as they are)


An oblivious cross-eyed duck being hunted by a giant four-eyed spider. Two of the spider’s legs are raised and ready to strike down the duck.

#InkblotArt


Circuit breakers and central bankers contradict the rhetoric of free markets.

“The London Stock Exchange, which lists the stock, confirmed to CNBC that the brief suspensions were triggered by its circuit breaker mechanisms.”

https://www.cnbc.com/2023/10/05/uks-metro-bank-shares-suspended-multiple-times-after-plunging-more-than-25percent.html


„By a continuing process of #inflation,
governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some.“ - John Maynard Keynes

#Bitcoin fixes this.


“Bitcoin won't make us rich because of its dollar value going up. It will make us rich when it rescues millions of people from the meaningless, self-destructive, fiat-slave lives they are stuck in and lifts them into hard working, smart and independent grown ups that fix the world and themselves.”

https://stacker.news/items/274220/r/halalmoney


When I'm asked if #Bitcoin can be stopped...

https://image.nostr.build/7a093cc7cf3f8a8f7e8ea1dc6980b15d23df08e6e332ea4e8d1ed0f3c4ddea89.jpg


I am well; Bitcoin, Nostr and the plebs give me hope for the future!

It’s nice to let the imagine run wild by looking at your blots! A welcome break from the fiat mines!


In the middle: an human-insect hybrid wearing a wizard’s hat with strange spikes at the top. The hybrid is staring intently at an artefact which controls the parasites mentioned below.

On each side: soldiers screaming in horror because of the blue parasites about to break into their skulls.

#InkblotArt