Nation States are coming! 🚀

It doesn't matter if it's El Salvador, Bhutan, Surinam,e or maybe the UAE.

#Bitcoin adoption and usage as a treasury reserve asset are inevitable.

Maybe one of them goes a step further and makes it the unit of account...

https://youtu.be/NQiliQFvq2A


On this day 16 years ago, the Bitcoin White Paper was released to the world.

Detailing for the first time a workable method of value transfer across time and space between 2 parties with no middle men. It does so with a unit of account that will never be debased beyond 21,000,000 units, providing not only a way to transact freely but to efficiently store value across time without the assistance of any 3rd parties taking a cut.

The world didn't know it at the time, and they mostly still don't, but in that moment the cornerstone was laid for the freeing of humanity.

Humanity under Bitcoin will be free from the rent seeking class, free from the easy wars paid for by the money printers, free from debt slavery, freed from homelessness, freed from the quicksand of our current financial system that does nothing but rob humanity to our great detriment.

The future is bright, for Bitcoin is hope for a better world. A world which will arrive for you as soon as you fully understand that Bitcoin is here to stay, so you move your energy into the better system.

Bitcoin is hope, Bitcoin is freedom, Bitcoin is peace for the world and peace of mind for the individual.

Save in Bitcoin, think in Bitcoin, live on a personal Bitcoin standard and your life will slowly improve over time. Until one day you realize, you're free.

☮♥₿


There will be signs.

https://video.nostr.build/4b4376bea06310a0ce802ffdbeb2e4ca9ba116f1383ce18e0b9f86d0911d03cc.mp4


🫡 A father told his daughter, "Congrats on your graduation. I bought you a car a while back. I want you to have it now."

Before I give it to you, take it to a car dealer in the city and sell it. See how much they offer.”

The girl came back to her father & said: "They offered me $10,000 dollars because it looks very old"

Father said: "Ok, now take it to the pawn shop".

The girl returns to her father & said: "The pawn shop offered $1,000 dollars because it's a very old car & a lot of work done".

The father told her to join a passionate car club with experts & show them the car.

The girl drove to the passionate car club.

She returned to her father after a few hours & told him, “Some people in the club offered me $100k because its a rare car that's in good condition.”

Then the father said, "I wanted to let you know that you are not worth anything if you are not in the right place. If you are not appreciated, do not be angry, that means you are in the wrong place. Don't stay in a place where no one sees your value ."

The moral of the story : Know your worth and know where you are valued. A diamond doesn't shine on the bottom of a cave.
 #Nostr #Bitcoin #value
https://nostrcheck.me/media/ac340a0ffa48589e98af8577754529e8c59f7fd110f1bc832d0e8d4c4d3d1853/e342d57cbe226d2832a59b20e5dfec537f842c7a191f2a06d4be96fb37cb626d.webp


I can relate and totally agree. Doing the same this week; started today 😀


roarkjanis

“Retired” from employment and now a Bitcoiner and Entrepreneur Investor particularly focused on Unit of Account #UoA adoption solutions and tools


HUGE UPDATE!!

We just established a Meshtastic repeater on top of Big Bald Mountain on the border of North Carolina and Tennessee.

We had a @Starlink Mini in our pack and maintained connectivity the entire time. Big shout out to Elon Musk.

The really amazing thing was the 194 nodes we have connected from Raleigh, to Knoxville, to Charlotte, to Greenville and all the way down to Atlanta!!

The Freedom Tech Revolution is hitting another gear.

#meshtastic

https://video.nostr.build/143998b29a1e84e569f7c3b90bd2630e638af0cc1b7caf675a5473c8682d23ee.mp4


DATUM
Available Now

• Source Code: https://github.com/OCEAN-xyz/datum_gateway
• Linux Binaries: https://launchpad.net/~ocean-xyz/+archive/ubuntu/datum-gateway
• StartOS Package: https://github.com/OCEAN-xyz/datum-gateway-startos/releases/tag/v0.1.0

The Future of Bitcoin Mining starts now.

ocean.xyz
https://github.com/OCEAN-xyz/datum_gateway
 https://video.nostr.build/7ade9d54abf2e91456384ea66c0e8b70d54bd6abb3d4bfdad047e53f288d9008.mp4


I’m a new Nostrich and a Plebe who likes to post musings about how to support bitcoin achieving unit of account properties


It is https://www.getbold.io// but I think  it is only available for US residents and do require KYC. Sorry.


It is a lot of double handling but I find it worth to live on a bitcoin standard. My exchange where I do most of this will be issuing a credit card soon that will pay off with bitcoin automatically. In the meantime, I do the extra work based on first principles.

Personally I’m leveraging my software development team to build more tools that will support bitcoin as a unit of account that will work with the financial solutions that will be forthcoming


I do this constantly and intentionally in part to change my thinking, like learning a new language or when living in a country with a different currency to begin to think and live that way

I’m grateful to know I’m not the only one!


Why can’t you do both? If you are going to make a fiat purchase use bitcoin instead and buy more bitcoin with the fiat you would have spent.

So if the merchant won’t accept bitcoin:

1) take the fiat you would have spent and exchange it for bitcoin

2) pay the merchant with a fiat credit card

3) when the credit card payment is due 30+ days later, exchange enough, bitcoin to cover the fiat payment

Most of the time you will have bitcoin left over from doing this transaction that you can HODL keep stacking. But even if you don’t, you have lived on a bitcoin standard as a first principle


Why?


I have thought of the sequence of phases like you until I read this article written by nostr:npub1w69ya7xs697hk3hky3gllryz8rwverfa0ylz89chf9qnhfcskc2s64zltw

https://www.perplexity.ai/search/please-find-an-article-parker-z29rHzp2QZ2kK2XqMoraGw

He changed my thinking to MoE leading SoV because the value comes from our ability to exchange it with fiat. Layer 2 solutions will allow more direct exchange expanding MoE which will then drive UoA and the tools needed to help the masses manage and track their bitcoin as their base currency

I’m working on those tools anticipating that day and would like to create a white paper on UoA. If anybody wants to collaborate on that please message me


I hadn’t thought of it this way; thank you for sharing.

I have been using this definition of the difference as generated by AI and find it helpful when writing to know whether to capitalize or not

https://www.perplexity.ai/search/what-is-the-difference-between-ysnHl5vbQIiXDfU0LRB26Q


Thank God for Nostr. It ensures that Hillary will never get her wish to censor the information she doesn’t like.
https://m.primal.net/LMeI.mov


This guy right here is my twin brother, back home in Argentina.

Today, he's placing this massive banner on the front door of his car dealership after we spent some time talking about #Bitcoin.
Very proud of him.
First in the country to openly and publicly accept Bitcoin payments.

Let's show him some love #Nostr, shall we?

https://m.primal.net/LWfK.jpg

Here's his business Instagram:
https://www.instagram.com/gl.autos.sf?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw==


This is the official #Bitaxe 601 Gamma giveaway!

How to enter:
•Like this post
•Share this post.
•Follow us on NOSTR.

What you’ll receive:
•1- Bitaxe 601 Gamma.
•1- 5V, 6A power supply.
•1-Solo Satoshi Bitaxe stand.
•1- Bitaxe “Anarchy” t-shirt.
•1- Limited Edition PEZ dispenser.

This package will be shipped anywhere in the world completely free of charge.

•One winner will be randomly picked 72 hours from the time this is posted.

The winner has 24 hours to claim the reward. If the package is not claimed, another person will be randomly picked.

#Bitcoin #SoloSatoshi #BTC
https://m.primal.net/KxAL.jpg
https://m.primal.net/KyfE.jpg
https://m.primal.net/KxAM.jpg
https://m.primal.net/LWjz.jpg
https://m.primal.net/LWkB.jpg


This is a great article. Totally changed my perspective when I first read it a few weeks ago.

If #MoE creates #SoV, it also leads to #UoA. I used to think it was three phases of 1) SoV, then 2) UoA, and finally 3) UoA for bitcoin to achieve full monetary status but I think MoE will drive both of the others. And as MoE expands beyond the exchanges to robust layer 2 solutions both SoV and UoA will grow.

I’ve decided to focus my contributions to bitcoin by building tools to support UoA adoption which seems like it needs more of us working on it

I’m also putting together a white paper on UoA to help layout a vision.   If anybody is interested in collaborating, please message me


#Bitcoin is freedom. https://video.nostr.build/aed9ad4752f1b4c66f1d5fb2d54bce4dced73cbe20a74ce6279471230fbe89a0.mp4


She's right.https://m.primal.net/LQBU.mp4


nostr:npub1w69ya7xs697hk3hky3gllryz8rwverfa0ylz89chf9qnhfcskc2s64zltw wrote an article recently about the #SoV coming because of the #MoE established during the 15 year history.

It changed my perspective about where we are with #SoV and why.

https://www.perplexity.ai/search/please-find-an-article-parker-z29rHzp2QZ2kK2XqMoraGw


That’s a good point. I appreciate your perspective as it is definitely a complete and fair definition of UoA


One more thought, as a business owner I’m trying to calculate and understand my costs in bitcoin and then set my prices in bitcoin as well (I have a subscription based SaaS company). Since some customers cannot or won’t pay in bitcoin I offer a USD price converted from the Bitcoin.

This is new and I’m still working out the details but if they pay in bitcoin I expect to gradually decrease their price while if they pay in USD I expect to gradually increase their price. They get to choose which way to pay.


I think my message might have been confusing with some of my examples.

My base currency in my personal financial management and business accounting software  is Bitcoin denominated, not USD. The opposite of all other financial software that treat a Bitcoin as some kind of investment or asset like a stock and tracks its value in USD.

I immediately convert all fiat I receive to BTC and store it that way except if I get some fiat cash which I carry around in small amounts to help the needy I encounter.

Whenever I can, I pay bills or make purchases in BTC directly. If I have to use fiat to buy I use a credit card and pay it off in full each month by converting sufficient BTC to make the payment. So USD is only a payment rail I use for receiving or sending value I measure and account for in bitcoin.

For example, I recently took a cruise and covered expenses for my brothers in USD that we would split at the end. Each time I spent in USD I was mentally thinking of how much Bitcoin that was sometimes using the calculator if I couldn’t do the math in my head. At the end of the cruise, they paid me back in BTC that I had kept track of. When the credit card bill in USD is due later this month I will convert BTC to USD to pay it because I don’t have any cash balance in USD.

I follow this pattern as much as possible.

While prices are mostly not quoted in bitcoin, I mentally or manually convert the quoted price to bitcoin to determine relative to my bitcoin holding whether I’m comfortable making that purchase. When doing this over time every thing costs less in bitcoin to buy.

It isn’t a perfect system and most people cannot do it as it takes a lot of focused attention and change of mindset.  But I’m motivated to force myself to do it and create the tools to make it easier so others can adopt them in an easier way and not have to do so many mental gymnastics.


My thinking is that we need tools to easily track and account for our stored bitcoin and then convert USD prices back to bitcoin before we make a purchase or when we get paid in USD.

We begin to think of and manage our money like a person does who has USD and visits a country and encounters a different currency as #UoA (for example pesos in Mexico) and does the calculation back to USD to understand the “real” cost. Bitcoin if you stay in the country for more than a few weeks you begin to automatically and intuitively recognize the value of the new currency without having to convert back to USD

If bitcoin is your base currency and you track and account for your value in it, each time you need to transact in USD or any other currency you will convert mentally to bitcoin and assign value relative to your base currency of bitcoin. As bitcoin continues it adoption curve more and more people will think this way until the majority haven’t transition the pricing #UoA because they already think that way and businesses understand their costs in bitcoin too

This is too hard to do in your head but with simple apps that facilitate, it should be possible. I’m starting the journey to live 100% on bitcoin while treating USD receipts and payments and only a payment rail and I’m building the tools to make it easy for me to accomplish that and then share the tools with the world


Totally agree but I think we have more #MoE than we realize. That we can exchange bitcoin for ever more fiat which is a #MoE establishes the #SoV of bitcoin. With many layers of two transaction technologies under development by really smart people full #MoE will be achieved.

When #MoE adoption happens, likely suddenly, we will need tools for #UoA. They largely don’t exist today and so my focus in our community is to write a white paper to provide a vision for how to achieve #UoA and and building the tools to facilitate it.

If anybody wants to collaborate in this passion, please message me.


I think fiat price and exchangeability, one method of #MoE, is an important step for establishing bitcoin as a #SoV.  In addition to the global education you mentioned we also need tools to help us think of and track our purchasing power in bitcoin. To that end, I’m writing a #UoA white paper and working on tools to help achieve this final frontier for Bitcoin to become money used universally in the world. If anybody wants to collaborate on those efforts, please message me


Agree 100%. We have achieved #SoV based on fiat #MoE, but until we convert to #UoA bitcoin will be an asset and not money. For that reason, I’m working on a white paper about #UoA and tools to make it easier for bitcoin holders to think and manage their money in a bitcoin #UoA. If anybody had interest in this please message me to collaborate


Hoarding wealth in stocks, bonds, or anything that has decreasing production costs seems like a tenuous proposition compared to bitcoin. Bitcoin’s production costs seem likely to increase forever as exchangeability with fiat #MoE results in it storing more value #SoV thereby increasing demand for mined coins (i.e., increasing hashrate) requiring more cost inputs like electricity to mine.


YTD I’ve been trying to mentally live on a bitcoin standard #UoA and start to value my purchases including food in sats. My sats definitely buy me more than they did last year but I haven’t kept precise track. Your question has motivated me to start doing that in some tools I’m building to help one think and track in a bitcoin #UoA


Totally agree! Can you share any tools you are using to help accomplish living in a world of sats #UoA without constantly doing mental calculations back to your fiat currency?


I think there is a good chance you will be following a lot of people!


I’m a spiritual person and feel the spirituality of Bitcoin. God said “I say unto you that all things unto me are spiritual” and God gave us Bitcoin through Satoshi.


Fiat money forces you to worship it if you hope to keep any of it.

Our struggle for sound money is at core, a spiritual one.


Did you create this? I’ve been working on a similar visual representation of the time line of the adoption of the three properties of money and had some ideas I would like to collaborate with you on particularly to create a white paper on #UoA. Could we connect?


@npub10ej5me8kedfjfxqfy706h9234mp0eawr9zdnvgyt0k76szze6wrsn60qfe  free sats


💥 Zap Giveaway Alert! 💥
We're thrilled to give back to our incredible community with 245,000 sats up for grabs! Here’s how you can earn your share while spreading Bitcoin knowledge:

🔁 Repost & Follow – Get 840 sats
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❤ Like this Post – Get 210 sats

#Value4Value – Help us spread the word about our Bitcoin Masterclass:
👉 21lectures.com/bitcoin-masterclass

A huge thank you to everyone who participated in our previous giveaway! Let's keep the momentum going!

https://primal.net/e/note1sytyfgqsz6l422ph44p4x8ydpc0e87ehnyw8xh5qe0aca5sduh8qld7a4f


#Suriname Presidential candidate, Maya Parbhoe, vows to make #Bitcoin legal tender and unit of account in the country.

https://m.primal.net/LIkw.mp4


In the long-term, I think you are right. In the shorter term though do you think we can advance MoE and UoA? I'm working on the UoA use case with tools and solutions and would like to publish a White Paper soon with community participation. If anybody is interested, please me to to collaborate.


Thank you for sharing additional insights on this. As a relatively new bitcoiner, it is helpful to me to get more perspective. I have set up two lightning nodes myself to better understand the technology and use cases and don't think it could be locked out of the base layer. The reason is that to open a channel, I simply do an on-chain transactions from my wallet to a new multi-sig wallet with the party on the other end of my channel. How would a decentralized Bticoin network prevent somebody from submitting a valid onchain transaction to open a channel?

Once opened, I can freely transaction via the Ligthning protocol using that channel until such time as either my channel partner or I want to close the channel which is another onchain transaction to settle the amount of bitcoin each of us has on our side of the chnanel.  If the channel closing transactions is valid onchain, I don't think anybody would prevent it from being added to a block.

Except perhaps miners who could figure out a 51% attack but if that happened we have bigger problems than whether L2 is working or not.


“If you earn in bitcoin, spend in bitcoin, save in bitcoin, and use #bitcoin as a unit of account. You can ignore the fiat conversion rate.” — nostr:npub1xr8tvnnnr9aqt9vv30vj4vreeq2mk38mlwe7khvhvmzjqlcghh6sr85uum

Bullish on these rambling deflationary thoughts. 💭

https://stacker.news/items/691368/r/thebullishbitcoiner


The size of the block doesn't seem like the issue. It seems like layer 1 taking an average of 10 minutes per block to confirm and 60 minutes for 6 confirmation to ensure immutability is a bigger concern. Why don't the big blockers ever explain how BTC can be a Medium of Exchange (MoE) when it takes much longer than a fiat credit card approval we are used to when exchanging.  Lightning and a myriad of other options mentioned by  nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe do offer a comparable user experience. My focus is on creating the Unit of Account (UoA) to support the MoE so that bitcoin can become have all monetary properties as the geniuses that are working on layer 2 have great solutions for us.


#1 all the way! In addition to the tools like "lightning, Liquid, Fedimint, Cashu, etc.",  for Medium of Exchange (Moe), we will need tools and applications to use bitcoin as a Unit of Account (UoA). I think that aspect of MoE adoption is not getting enough attention and I'm organizing some efforts around that with the few who are working on tools. Anybody with interest in helping to create a White Paper on UoA with our group, please reach out to me.


#Bitcoin
Whitney Webb on Bitcoin
https://m.primal.net/Krpj.mp4


Top of the morning to you!


Hello Nostr!

This npub will now be a primary outlet for Bisq news and announcements.

New posts will be published here and then cross-posted to the bisq_network X handle.

Decommissioning X will be considered when this npub has more followers.

https://image.nostr.build/d22f07d646197146e2366f581046c3578d6cb90a9524212d076a2571840d91cc.jpg


I think this is correct and your timing makes sense. That is why I'm working on solutions that bring tools being developed by various project teams so that once MoE takes off we are ready to account in bitcoin as a base currency.


Holy shit. What nostr:npub1v5k43t905yz6lpr4crlgq2d99e7ahsehk27eex9mz7s3rhzvmesqum8rd9  says starting at 29:00 regarding lending businesses fiat but requiring a portion of it to be in Bitcoin as default protection  is brilliant. Give it a listen!

https://youtu.be/NAmuZLQgvhE?si=ZXISbTUyXZ42E6lV


This is so true. I finally focused on my ideas instead of treating them like hobbies and the results are amazing!


Focus your energy. If you’re building a business, just focus on building the business if you want it to be great.

I’ve seen too many entrepreneurs think they can do side gigs at the same time and rarely ends well.


All meat is good, ruminant meat is best.


The simple version:
Money has the ultimate network effect, and its core values are in TRUST, liquidity, and stability (not price, but supply). The value is not in payments (this has always been served by a million layers on top), wingdings, “smart contracts,” writing stuff on it, or the million other arbitrary “improvements” that a million shitcoins sell people on.

The “crypto” market is something that will consolidate over 30-50 years with the trend we have seen from the beginning. And everything that isn’t Bitcoin will slowly die, in my humble opinion…

ETH will be a particularly bad one. Their “staking” system for “security” is a disaster of permissioned, unreliable nonsense. Trust is the last thing they have built and everyone wants it for hyped up marketing nonsense that has no lasting staying power.

Want the in depth version:
I’ve covered thousands of hours of the history of money, network effects, Austrian economic theory, and crypherpunk history on my show, Bitcoin Audible


Best of success to you! You can do it!


This is a very interesting idea and I appreciate how much thinking and effort it took to put it together. I hope you will post updates periodically about it.


Good evening.

In August, the US government took $307 billion in taxes and spent $687 billion, for a deficit of $380 billion. This works out to be an annualized deficit of $4.56 trillion.

Have an awesome weekend.


Back when ETH did the change to its money supply algorithm to be deflationary, a lot of people correctly pointed out that they can just change it again.

And they did, so now it's back to having a similar supply distribution rate as bitcoin, but with fewer reasons for anyone to want to hold it long term relative to bitcoin, and with more competition nipping at its heels than bitcoin.

https://m.primal.net/KpBk.png

https://m.primal.net/KpBf.png


How did you reach the point of no doubt about God’s reality? Can you share more?


Thank you for sharing this insight. We have much to be grateful for while using the blessings of saving in bitcoin to do good and help those less fortunate


We are still early to bitcoin and even earlier to Nostr


Seems like good, insightful advice to follow!


I love these dips as an opportunity to stack more sats!


Preparing to do the thing isn't doing the thing.

Scheduling time to do the thing isn't doing the thing.

Making a to-do list for the thing isn't doing the thing.

Telling people you're going to do the thing isn't doing the thing.

Messaging friends who may or may not be doing the thing isn't doing the thing.

Writing a banger nostr note about how you're going to do the thing isn't doing the thing.

Hating on the obstacles in the way of doing the thing isn't doing the thing.

Reading about how to do the thing isn't doing the thing.

Reading about how other people did the thing isn't doing the thing.

Reading this note isn't doing the thing.

The only thing that is doing the thing is doing the thing.

Go do the thing.


And somewhere in there I'd say there's a fourth decision: When you decide to change your status signaling from things like beauty, power, and material achievement, to things like integrity, competence, and helpfulness.

Almost everyone is geared toward signaling. As social creatures we're deeply wired to signal value to others.

But there's a lot of flexibility in how we signal that.

-We can signal it with shallower things like beauty, lambos, hierarchical dominance, etc. The details will vary between men and women but they have a similar short time preference that few old people on their deathbed wished they had focused more on.

-Or we can signal it with deeper things like integrity, honesty, helpfulness, friendliness, generosity, providing unique thoughts, or providing wisdom. The details will vary based on profession and skillset but they also have a similar long time preference that most old people on their deathbed wished they had focused more on.

nostr:note1fjpxex0vhv7qlkcyggk09n67q7vpswdjzjpf7uucjqq6vgylwa8sz3l820


I've been with #nostr for a few days now, so I'm still new to it and I'm learning the ropes. I have tried many different clients. Here's a quick overview of them. Maybe it will help you find your favorite.

Web/Browser:
#Primal: 🚀 Fast, user-friendly, nice look, easy to use

#Coracle: 🔒 Focuses on decentralized reputation, privacy and trust metrics. Also well sorted and structured

#Nostrudl: 🧁 the most comprehensive I've found, has everything

#Rabbit: 🐰designed like X (Twitter) Pro, focuses on all things at once

#Nostter: 🔍 clearly structured, easy to find what you're looking for

#Snort: ⚡ Fast web client for those who prefer simplicity and speed.

Android:
#Amethyst: 🌟 Feature rich for Android, I only tried this program because it gives me everything I need on my phone at the moment.
Maybe I'll try Primal on Android too.

As for the web clients, I'm still trying to figure out which one will be my favorite. But I think they are all good in their own way.

#introductions #plebchain #grownostr #DecentralizedSocial
#client


Welcome!


If someone doesn’t want to learn about inflation, try giving them examples they actually care about. This one'd be perfect for wine lovers  😎👇 KUDOS to nostr:nprofile1qqst7gmku9a6fmpxn5g0ejvk536xk3g322lfqv06frn5257au4fxhnspzemhxue69uhhyetvv9ujumn0wd68ytnwv46z7ax7s4g and  nostr:nprofile1qqsvfr3f7p95stxqrjslnmuvsmhcxxxqt8swjdfjx5tz7zq0yms5cygpzemhxue69uhhyetvv9ujumn0wd68ytnfdenx7qg6waehxw309aex2mrp0yhx7unpdenk2urfd3kzuer9wcq3gamnwvaz7tmjv4kxz7fwv3sk6atn9e5k7raruhg for this epic short. Cheers 🍷

https://video.nostr.build/0db62c1a84105764287a61b9bc605ca48e8f05a8368c5c1af57395998e593512.mp4


#Zapvertising works best on Nostr. You should look into doing that 😉

What is Zapvertising? I'm glad you asked!

nostr:note1pevwjylxtyxerxh7zqnkjpz3jdkvcvd5dg96lgh9waal6mdzs8rsswcknl


Zaps on Nostr can create some really interesting marketing opportunities for companies trying to gain users. Let's try an experiment:

For every user who zaps or reposts this, I will DM you $1 in credit for use on PPQ.AI.

https://m.primal.net/KReX.png


One of the notable things in this exchange is that Jeff has a bigger following than British Hodl.

nostr:note1v9wycpgy3vejrr609wwxjdw7xcn3yxpne3ku4chpfhp67trkandqhvzq8e


The complicated aspect about the Social Security system in the United States is that it was falsely marketed.

It's called an "entitlement" because people pay into it and are supposed to get it back like a pension, regardless of whether they are rich or poor when they retire. And so the Baby Boomer generation views any cuts to their social security as a rugpull, basically. It's not insurance or charity; it's an entitlement.

However, although it was marketed as like an entitlement/pension, that's not how the math worked out in practice. And it's because population growth is slowing. It was based on ponzi math, assuming that every generation will be bigger than the one that came before it. But the Baby Boomer generation was huge.

In addition, when Social Security was created, the retirement age was set near the average life expectancy. Many people would not live long enough to collect it, and most would collect it for a handful of years. Only a small minority of outliers would work for like 40 years and then live off social security for like 20+ years. But then over the decades, life expectancy increased by like 15 years, so the default assumption is indeed that someone can work for 40 years and then have 20+ years of retirement, even though the amount they pay into it doesn't really mathematically cover that. It's not designed for that en masse.

And so Baby Boomers had like a 3.5 worker-to-retiree ratio to support in their peak earnings years, while Millennials will have more like a 2.5 worker-to-retiree ratio or less to deal with. Which means they get a worse deal. Many Millennials don't even think they'll get it at all, despite paying into it.

That breaks up the social contract and sets up inter-generational political conflict. "Fourth Turning" stuff.

It's a big reason why "defined benefit" plans are inherently unstable; they rely on being able to predict the future.

And it's also a big reason why, when speaking about deficits, nothing stops this train.


For those that are new to Nostr, hello!

What’s cool about it is that Nostr it is an open source protocol. It is not a centralized company, but rather is a protocol that individuals and companies can build upon.

This means that you can use many different applications to access it, or even build your own. And it means that there is no central authority that can take down posts or delete accounts; there are different servers operated by different entities that are storing the data. And there is no central algorithm for determining what posts people see or don’t see.

You can hook up a bitcoin lightning wallet to send and receive tips (“zaps”) on posts. Nostr itself is not a blockchain or crypto and has no token, but the Bitcoin blockchain does complement it well via zaps.

Nostr is still relatively small, and a bit rough around the edges. But the community here is great, and familiarizing yourself with the technology and concept is useful in a world of centralized social media. It is a new method of decentralization that balances various trade-offs in a novel way, and the protocol can be used for a lot more than just social media.

Welcome!


One of the most significant gaps I see in #documentation is failing to document anything other than the happy path the company built it for.

Engineers and product owners like to only document the perfect happy path a user is supposed to take.

They subconsciously forget to document certain things because they are used to the one primary use case.

It's common not to consider that what's already written, such as product messaging, marketing, etc., might have already planted specific expectations in a user's mind about the product or service.

Only once I play with the product as a user do I spot all these inconsistencies and gaps.

- What happens if you try this path?
- As a user, I expected it to do X, but you're blocked at Y.
- The UI said such and such, so I assumed it could this and that, but it can't.

You must tell the users what the product or version should not be doing.

If workarounds exist for known issues, provide them, especially in an #MVP product where early documentation versions are necessary. If the public should refrain from implementing those workarounds, instruct them not to take the actions that lead to the problem.


You got it!


⚡⚡500 SATS for REPOSTS

Bitcoin and Nostr embody TRUTH in its purest form.

Revisit the pivotal moments in human history that have led to our current state. The invention of language and the printing press enabled the widespread dissemination of information, unlocking massive human flourishing. The advent of the internet took this to the next level, freeing information from geographical constraints and facilitating global connectivity.

However, our current system is inherently flawed. It relies on humans trusting one another, often from a distance, without any guarantees of authenticity. Humans are notorious for their self-interest and propensity to deceive others when it serves them. This fundamental weakness has led to the proliferation of misinformation, manipulation, and control.

The game-changer lies in the emergence of uncorruptable value transfer protocols, such as Bitcoin. These systems allow us to transcend the need for human trust, instead relying on cryptographic proof and decentralized verification. For the first time, we can follow the value to determine TRUTH, unencumbered by intermediaries, biases, or agendas.

Nostr, as a social protocol, takes this concept further. By incentivizing the creation and dissemination of high-value information, it fosters an ecosystem where truth is rewarded and falsehoods are penalized. This paradigm shift has far-reaching implications, as it enables individuals to make informed decisions, free from the influence of manipulated narratives.

Imagine a world where information is no longer controlled by centralized authorities, and individuals are empowered to seek truth without interference. The potential for human flourishing is boundless. We're on the cusp of a revolution that will redefine the fabric of our society, and it's exhilarating to be part of it.

So pumped to be here with you all ❤❤

#GM #Nostr #asknostr https://image.nostr.build/6e7cd418a872733058229a7211d7e26de6bd006222018bbd3d8f6a455fa7709b.jpg


Today is a good day! Got to add to my stack!


In crises, markets sell what they can, not what they want.

#Bitcoin is down because it was the only market open to sell on Sunday night, not because the only fixed supply money we have is now less valuable.

#Bitcoin isn't hedging the broken financial system, it's replacing it.
https://m.primal.net/JpQY.mov


It’s not so common that I go to bat for Elon Musk, so listen up.

People are too tribal. They can’t separate individual things from broader things. Specifics matter for credibility.

For example, I am often critical of Musk on Tesla or Twitter, but way less so against SpaceX. Details matter.

I think Musk is greatly dishonest, lacks integrity, is more of a hypeman than an engineer himself, his Tesla promises are literally all like a decade late and thus directly harm their buyers, etc. Kind of a cult, but it keeps the market cap up and enables financing. I’ve called him a cuck for dictators and I stand by it.

But I rarely say anything against SpaceX, other than to remind people that it’s largely government funded, so you know who he reports to as he builds that amazing company out. But it’s a good thing.

Musk cucks for dictators on Twitter to happily take down their opposed comments at a higher rate than pre-Musk Twitter did, as long as they have big markets for Teslas and SpaceX rockets, and as long as he can market himself as the “free speech guy” in the US while we don’t pay attention to where he helps dictators clamp down harder.

And yet, the Tesla pay package that was agreed on is what it is. Sure, he hyped up the equity, but he did it at such a successful scale that the fundamentals were impacted positively as well. He successfully memed Tesla into solvency. To backtrack on that pay package would make no sense. I would support the pay package while disagreeing elsewhere. Rule of law matters.

The Tesla permabears, like Jim Chanos (Diogenes) in the recent tweet below sort through any news item for a bearish comment. I see others do it for bitcoin or Nvidia all the time.

Am I bearish on Tesla? Kind of. Relative to bitcoin in the long run, absolutely.

But imo, fade the permabears. Find people who can’t separate various specifics, and disregard them.

Be someone who can be bullish on one thing and bearish on another, even from the same person. Dislike someone, and rule in their favor out of objectivity when it is right. Like someone, and yet rule against them when it is wrong.

Anyway, good evening.
https://m.primal.net/JcIC.jpg


just setting up my nostr account on #Current App, shoot me a Zap!