You’re gonna draw a big ol’ penis in the sand 🤣🫡 https://fountain.fm/episode/6iLDninFcG4HyoHrFUho View quoted note →

This is how the internet should've always worked... better late than never @Pears_p2p

Got my weekly dose of Normie Land today. [[ Logged into Twitter, immediately saw a single tweet from Elon explaining that inflation is caused by govt, and THESE were the community notes proposed on this tweet👇 ... just holy shit.... Posted this shit and logged out 🤣 ]] ----- For those who may not know, YES, every dollar in deficit spending IS inflation, it IS money issuance, and it IS the only reason prices have gone up without ceasing for nearly a century. It IS the single and most explicit, inexorable cause of inflation.

And so it begins...

Holy shit is this legit? 🤣 @NVK 🌞⚡️ View quoted note →

Tether is not a CBDC. It's literally a BDC Tether is not a central bank, they don't issue notes of an independent monetary unit. They aren't associated with any govt. Tether is just a modern banknote with most of the same problems, risks, and trust issues. The difference being it is available to anyone with a smart phone without an account -- which is actually a significant improvement over the old garbage. Tether is custodian issued digital banknotes. Literally in every use of those terms this is the accurate thing to call it. "Cash" has always just referred to banknotes issued that were redeemable in gold or at a bank that was a bearer asset. The difference with a stablecoin like Tether and physical cash is the oversight/surveillance that the institution has for the digital alternative. This is why ecash is actually the only thing that digitally shares basically all the characteristics of physical cash (txn privacy from issuer and bearer asset). Tether is far easier to freeze accounts and spy on what everyone is doing. Obviously why people want to label it "something bad." My point is that the CBDC label is NOT accurate, and when we use words and labels arbitrarily, it desensitizes people to them. If people just become "whatever" about Tether (because if you don't use it, who cares), and everyone calls it a CBDC, then after a few years of this people are just going to think "CBDCs are fine, who cares?" Calling everything we don't like a CBDC is a HUGE BENEFIT to actual CBDCs. Bank digital currencies are not a problem. They will remain solvent as long as the "bank" does. They are a much better option than credit cards, and the option of being able to issue ecash is even better. BDCs are certainly a far cry from the #Bitcoin sovereign world that we are building and have nothing to do with it, but they are ALSO a far cry from a genuine CBDC. So please, stop using words that matter in a stupid and cheap way, because when we REALLY need them, you'll have sucked them of all of their power and meaning.

This is 100% accurate 🤣 View quoted note →

Yo @jb55 is there a particular trigger or tag for blurring an image that @Damus will read? I’m curious because I have an idea for a filter that I could run on my personal relay to test something out. Could be really cool to pair with a different project I’m working on.

Yo @Never Delete this 💥🔇 you gonna have to stop posting that turismo shit or I’m gonna have to mute. I get maybe you’re trying to call attention to it, but I can’t be havin that in my feed while I’m sitting with my kid and wife and have no way to blur or hide it. Don’t want to block for WoT reasons but might have to anyway.

PSA 🚨 Without a direct innovation in the monetization structure of #Nostr I think we should expect a highly successful #Nostr to evolve like other protocols before it. I think there are 2 most likely comparisons: 1. #Nostr ends up looking more like email. It is still open and decentralized, but dominated by a small group of companies with enormous insight into everything that is happening and acting as huge semi-centralized custodians of everyone's data and messages. 2. #Nostr ends up looking more like RSS & podcasts. It is open and decentralized, but most users and all serious content creators pay for hosting platforms (relays) that sell it with a bunch of other features, analytics, and secondary services attached to it - or built in advertising and monetization splits. Understand I'm not predicting that it will go either direction or that only these two options exist. I'm saying that --- without a significant innovation in the monetization method --- it will very likely take one of these two paths. Also understand that neither of these are bad outcomes, per se. Both present a VASTLY better internet sovereignty and user/server power dynamic than the current Web 2, but this is far from realizing #Nostr's true potential. I only say this to get people thinking about the fact that we still have a very serious problem funding relays at scale, and it hasn't been solved, it's mostly been covered up with some very generous grants and *extremely* generous volunteer developers and relay runners. But it WILL have to be addressed or nostr's success will come hand in hand with some hard truths about how we use it and what we think it is. It won't be unlike the people who thought all #Bitcoin transactions were going to be free forever, settle instantly, and that the whole world could be sovereign with their own UTXOs. That's simply not how it worked, and we had to have a 4 year, vicious, all out civil war within the community when we were finally forced to come to terms with that reality.

IMO, the biggest mistake of all #Bitcoin/#Lightning wallet and app developers right now is not integrating the most naive version of a #Nostr based contact list. Literally we have everything we need to easily select and send bitcoin to people, projects, clients, etc and establish very simple web of trust security. AND to have a #Nostr identity created within a wallet by default for those that don't have one, even in the absence of caring about social posts or notes or whatever. As I learned very recently, npubs are literally taproot addresses, so legit every bitcoin wallet could generate a nostr ID for those that don't have one and if you punched in your nsec into the app, anyone could receive coins straight to their npub by the app merely auto-removing "npub..." and replacing it with "bc..." This is SUPER low hanging fruit that completely shifts the user experience of bitcoin and I think extremely few people have realized just how big of an improvement this would be. My advice: Stop thinking about #Nostr purely as a twitter replacement, think about it as a #Bitcoin account, username, & reputation system, it actually works and scales BETTER for that use than for general purpose social media.

Holy shit, this puts it into context 😂😲 View quoted note →