Any thoughts on Sphinx Chat? Looks interesting. #askNostr

Note to anyone using enuts. Maintaining OSS is hard when you have other commitments. Hopefully others can pick this up and continue on in the near term. View quoted note →

Central banks be like: $ pkill bitcoin $ ps -ax | grep -i bitcoin # tens of thousands of lines 🤬

Tariffs are a soft form of capital control. Any government willing and able to levy punitive tariffs is willing to implement more aggressive capital control policies. Keep that in mind as your politicians toss around these promises. You should never cheer for those policies even if you agree with them in spirit or because they’re “for the right reasons.” Those bitcoins you have? They could be a target if they’re KYC or held at a custodian.

The Industrial Revolution began around 1760. Imagine how people would react to having a nuclear reactor appear in the biggest cities in the world in 1800. They would have no idea what that reactor enabled for them. We got the internet just a few decades ago and now we have Bitcoin. Most people who aren’t paying attention just have no idea how Bitcoin changed the world.

You can think of money as economic potential energy. It’s where excess economic productivity is stored until there’s a demand for it. It’s like a battery. A battery that can hold a charge for as long as you need it is preferable to one that can’t. Even better is one that can hold it indefinitely so that it can be reused by others eventually. Picture your money now and think at current prices how big of a “battery” do you need? If you have enough money now at current prices to last you 10 years will your money “hold its charge” that long? If the medium you’re storing your money in is leaky then you have to expend more effort and resources just to have a stable balance. What happens when that leak is fixed? Imagine at current levels of productivity how much more economic potential energy could be saved up just by patching that leak. What do we unlock now that we have such a money?

You thought centralized fiat money was bad, but consider the idea of centralized fiat AI. With power over a money printer you can manipulate economies. With control over the strongest AI you ARE the economy. We need to work on making the frontier models completely open from the data to the hardware and everything in between.

TL;DW: as long as your stack is growing you’re winning. Don’t focus on the units and the fact that you’re getting less income in sats over time. Everybody is going through that. Focus on building a sustainable business model by providing actual value today. A “growth at all costs” mindset on average leads to fewer sats in your wallet. View quoted note →

It’s hard for our generation to understand what money was like during our grandparents generation. It’s hard for our grandparents to understand technology. It’s hard for adversarial governments to relinquish control especially during periods of escalating tensions. This is why hardly anybody truly understands what bitcoin is doing to the world.

Big win for privacy in the US! View quoted note →

What Andreas says here about bitcoin applies equally well to decentralized social networks like Nostr. It’s clear what Bitcoin has done to the financial world and governments in just 15 years now imagine what an open, permissionless, censorship resistant social network can do for the world in another 15 years. View quoted note →

“We have to understand that there will be closed, centralized systems. Those systems will appear faster and cheaper. We don’t beat PayPal or Visa, we don’t beat the banking system, by doing what they do, becoming them but only ‘weirder’.” - Andreas Antonopoulos “The Internet of money volume three”

Over time Bitcoiners become more economically relevant and as a result you’ll see more vendors and local governments forced to accept that reality.