Low time preference. #Bitcoin #Plebchain

There is risk in the banking system: "The Federal Reserve is a trusted party in all three senses of maker, man-ager, and mediator - it is the monetary trinity. The Fed makes the dollar. The Fed manages the funds of other banks. And the Fed ultimately serves as the central mediator for digital dollar transactions through services like Fed Wire. In sum, managers offer convenience and peace of mind. Mediators maintain financial plumbing. And makers enable economic stability and exchange through a common medium. Users of modern money trust these parties to do their jobs well. This is a tradeoff and involves risk. As cypher-punk Nick Szabo says, trusted parties are "security holes." Managers sometimes fail, leaving their customers with pennies on the dollar. Mediators sometimes block lawful commerce. Makers also make mistakes. They might print too much money and, as inflation soars, put on the brakes too late. Then they might slam the brakes too hard and, as a recession looms, keep the brakes on for too long. Sometimes makers know which levels they'll pull and, as private citizens, execute a series of, let's say, well-timed trades in the stock market. This is insider trading, not with company stock, but with what company stocks trade against - a national currency. As a group, these trusted parties can and sometimes do imperil our financial privacy, our funds, our freedom to use them as we'd like, and their value. Some will judge that the benefits of trusted parties outweigh the risk. They might be right. It might also be true that we would benefit from having options without one or more of these trusted parties so that participating in the economy doesn't force us into a single set of tradeoffs." - Resistance Money #Bitcoin #Plebchain

"Prior to bitcoin, DIGITAL seemed incompatible with CASH" - Resistance Money #Bitcoin #Plebchain

To increase #Bitcoin adoption... ....the Bitcoin CEO should have Bitcoin's marketing department try using more squiggles and curly script fonts and a Spirograph and a stampy seal and someone's official serious-looking portrait photo and an official certificate number and an appeal to authority or two or three and some nice marble statue or monument or building with columns that looks classic and historical and a has big "5 FIVE" on it or something that refers to no specific or consistent amount of value in particular. #Bitcoin #Plebchain

“Bitcoin was designed to be protected from the influence of charismatic leaders, even if their name is Gavin Andresen, Barack Obama, or Satoshi Nakamoto.” Excerpt from: "The Blocksize War: The battle for control over Bitcoin’s protocol rules" by Jonathan Bier #Bitcoin #Plebchain

🎈Pumping air into a thin. stretchy, rubber birthday balloon... (= saving in fiat money) vs. 🛞....pumping air into a steel-belted radial tire ( = saving in sound money) ------- One will inflate, pop, dissipate, the other will bear a load and take you places #Bitcoin #Plebchain

Honk if you 🧡 #Bitcoin

Update to Keet.io is out today. Keet is direct messaging tech. It has no centralized service provider in the middle of the devices that are communicating. It's in Beta, and worth watching and playing with...

Keet - The Peer to Peer Chat App

Keet is a peer-to-peer chat application that allows users to communicate directly with each other. 100% end-to-end encrypted. Never on a server.

#Plebchain

Here's a short explanation of where the term "Moscow time" came from:

Protos

Bitcoin is still running on Moscow Time — thanks to Dorsey’s Bitcoin clock

Here's everything you need know about Jack Dorsey-inspired Moscow Time, and why it gets earlier when Bitcoin's price increases.

#Bitcoin #Plebchain

@AQUA Wallet I'm curious about why Aqua Wallet cannot send to a [Lightning invoice which has no amount] ? Does it have something to do with how Aqua's "Lightning-over-Liquid" system operates?

The people. Taking my money. Are not going to provide. The services they are taking it for. Opt out. #Bitcoin #Plebchain

Take a quick look at the topics listed in the table of contents of the attached pic. The link to Oresme takes you to a great short read; good for anyone who likes digging into past eras (in this case 1300 AD) in search of timeless virtue.

Treatise on the Origin of Money (Nicolas Oresme) | Dei Gratia

Treatise on the Origin of Money (Nicolas Oresme) - Contents | Dei Gratia

#Plebchain #Bitcoin

I like #Bitcoin 🧡 It's delightful. I think about it everyday, and have for years now. Incredible. Masterful. Truthful. Hopeful. Impactful. Humbling. Empowering. Fascinating. Reminds me of some greater divine treasures in my life that I value deeply. It's somehow more than money, I think.

Every Bitcoiner has opted in. We play because we want to. This is a pretty big deal, especially in contrast to fiat legal tender laws. #Bitcoin #Plebchain

It's exciting how fast the #Bitcoin and #Nostr spaces are moving. Hard to keep up, but still fun. Always something new. Just had my first experience with Boardwalk Cash. I also like the aesthetic of it.

#Bitcoin is inherently hard to describe. It is a new thing, and any attempt to draw a comparison to previous concepts — be it by calling it digital gold or the internet of money — is bound to fall short of the whole. Whatever your favorite analogy might be, two aspects of Bitcoin are absolutely essential: decentralization and immutability. From @Gigi 's

21Lessons.com

Lesson 1 - Immutability and change - 21Lessons.com

21 Lessons Learned from Falling Down the Bitcoin Rabbit Hole.

A 10-year old MacMini with Linux and a 1TB installed works as a #Bitcoin node.

They can't make more #Bitcoin than your node will allow.