Strip back the rhetoric and propoganda, this basically says that you can't protect yourself from others holding a harder money than yourself, and it's not fun staying poor.
This would also work for other endeavours #weedstr
nostr:nevent1qqszfskvx5f2zhqw6epgjusmkh4u2cu6x206ztqdrmvca9x74d4cvugpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgswzl56rp34lqx5wtntf8dfzreyfuhdwsm6a34lyflc2zfqvmt856crqsqqqqqpymw42p
Just watched this. Thanks for the recommendation. Very hard hitting.
nostr:nevent1qqs2t8mdekw9x50y3pcumtgenc2kn5alyyeszzgjhmp9nntmwa3vu9qpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygxxyzd4jd4w55yjuem78qtmy5efu8a47grw4zuwjlze6j4nttrwpspsgqqqqqqslufc2z
Is the one with the big hair meant to look like nostr:nprofile1qythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qyghwumn8ghj7mn0wd68ytnhd9hx2tcppemhxue69uhkummn9ekx7mp0qyt8wumn8ghj7un9d3shjtnddaehgu3wwp6kytcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsqgpjuxp8vd29p6ancknaztql3eajk52y8xkppfn7au7elkw9c68zg532eyqk
Only have access to a small stack on your person or in your home. This has the benefit of protecting others, because if this is the norm, then there is no point in a physical attack. Hide part of your recovery (multisig) in a jewellery box in a safety deposit box, or somewhere secure that someone can't take you to with a gun to your head.
The people who are most keen to see the price rise, and are the most vocal advocates, went in at 58k last cycle and need to see it keep going up.
This is awesome. This is what wavlake needs. I find it hard to find good music, or to find music that fits the vibe I feel like listening to. A way to see friends who have play lists and to fork them would be great.
The only thing that matters is the demand for use as money. Everything else is speculation. Bitcoin has the network effect and the biggest onramps. Monero has had onramps shut down and faces regulatory pressure.
No one wants others to know exactly how much money they have. Its a liability because it allows enemies to calculate the cost of overcoming you. Even (especially) Blackrock will demand privacy eventually.
The Bitcoin price probably assumes that it will achieve an acceptable level of privacy eventually. If it doesn't then it will fail as money.
In other words, their message is a distillation of numerous more intelligent people that is being communicated in a fun and engaging way. That's so much better than just another podcaster who is high on their own importance.
I played around with a few Bitcoin wallets to test them and recover via seed phrase in different wallets. When I tried a nostr:nprofile1qqsfy229w70e8lgtxavlz9t78k06yrel6fxyhreteafqet8kfxhhwmg2c6av2 Jade, I could add another account but when I put in the seed phrase in another wallet the sub account is not found. I've tried blue wallet and nunchuck. What am I missing? #Asknostr #Bitcoin
I had a similar experience when I was trying to show someone nostr. There is zero tolerance for errors with new users.
nostr:nevent1qqsr23y7f8rceag9mmtncrpz88xwacxs4qal96z8gvt3su7p8t5adsgpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygrnzlu38s77ww0g82edm3nsp284et69ltz6qtr23p44tmum0c6dgypsgqqqqqqsfk8lrj
Tried to get my sister to use nostr. I have set her up with Amethyst previous. I sent her a DM, buy Amethyst kept crashing when she opened it.
No worries, all the data is on all the clients, open the zap store and download coracle. Zapstore doesn't sing in with npub. Nevermind, you can trust the signer. Downloads Coracle, error hash doesn't match file may be malicious!
Forget that. Download Primal. Cant copy text from DM, this is frustrating as they are npubs to copy paste. Realising the difficulty of writing down and typing npubs, gives up.
Attempts to send DM in Primal. Fails to send.
#nostr #fail
The advantage of monero may come from the variable block size. In a future where both monero and Bitcoin have eCash banks connected by lightning. The ability to do a bank run to private self custody dictates the extent that fractional reserve banking can occur.
Bitcoin could theoretically have the same size blocks as monero, but the ability to increase the block size during high demand allows for more people to put a run on the bank.
Businesses are only disincentived while they are under the boot of the government.
Everyone wants privacy for themselves and transparency for others. Whether they realise it or not, everyone wants what monero offers. Game theory suggests that Bitcoin will adopt privacy rather than perish to something else like monero. I think the need for privacy will become apparent before it's too late for Bitcoin. Bitcoin will adopt privacy while it's still the dominant cryptocurrency and maintain its network effect. However, if the USD is still too strong and Bitcoin becomes captured, monero could grow in dominance in the alternative economy and be the currency to topple the USD.
The other threat is fractional reserve banking. Everyone wants the most secure store of value. Again, game theory suggests that every coin will be fractionally reserved as much as possible, until the risk vs reward balances. Variable block size helps prevent fractional reserves by lessening friction on bankruns. This would require tail emissions and abandoning the 21 million cap, which is not going to happen on Bitcoin.
Honestly it's hard to know so far in advance what the better tradeoffs will be. By the time it becomes apparent it may be too late. That's why I think that variable block size may be the deciding factor in a contest for dominance.
I think Moneros poor performance comes from being pumped initially, and Bitcoins dominance in the discovery of cryptocurrency as a store of value phase. I expect monero to strengthen as the transition to medium of exchange phase takes place.
Haha, I have spent an order of magnitude more in mobile data then I have on paid relays and zaps.
nostr:nevent1qqstngzejqd5af7dwr2rwrtyjs9jtf9qnf4nrf2qx7ddv3k5h34g9gqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg8cumryxsh3upfysp3suflpq9kuud0u8fs5uczrflh54gjsxv5v4ypsgqqqqqqstlvxl6
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