Bitcoin is layer 1, but Nostr is layer 0. 🤯

If you think there will be multiple monetary objects outside of Bitcoin, or imagine there will be any sort of fractional reserve instrument that anyone anywhere will accept for goods/services, you do not understand Bitcoin. You might have 1000x more bitcoin than me, have been around more than twice as long, doesn't make you any less wrong. Hal Finney suggested there would be fractional reserve banks, under competitive free banking, but the competitive equilibrium is actually effectively 0 fractional reserves. Think more than one step out -- there is inherently no fungibility between disparate objects. A fractional reserve token introduces a double standard, and in a digital world with bitcoin, there is never a reason for multiple objects. It is an information loss minimization problem. And a single object minimizes the losses for it maximally reduces the computational problems involved in economic decisions. I can sort of see why this might not be ENTIRELY obvious to people who do not know basic physics or chemistry. Moreover, Hal is not God and can make errors. Hal in 2023 would surely disagree with Hal from 2010, and certainly on this.

Bitcoin Bank

Bitcoin Bank

Omg, I'm so excited, I just noticed my Lightning wallet has "Ostrich" as one of the 12 seed words. 😂 (Good luck figuring out position and other 11 words)

#[0] if you put an email in a DM, it will render the website display for the domain in the email. I imagine regular posts might be the same

How will you know Nostr has won? Ross will be free and Sacklers, Fauci, et al behind bars (assuming someone wants to donate to hold them...)

Nostr is the next nostr

Nostr is the mercury of society. It will allow us all to bond together, and when we bond together, even if there is some attraction to statism it will not be enough to break these bonds. Like a bunch of liquid mercury drops, you can join whichever one you like. The mercury here is playing a variant of "the ground is lava" called "the ground is the State". #[0], Nostr is so far along, I am bringing it to the "Bitcoin is a platypus" stage of metaphor 🤣

It is too easy to accidentally boost notes on Amethyst #[0]

I find it hard to watch war movies, or narco entertainment since I understand the violence stems from fiat. I walked out of the theater when watching 1917 about 30 minutes in and waited for friends outside. There is intellectual understanding and then there is really getting it.

The reaction everyone has when Nostr finally clicks for them

When someone tells me they think Bitcoin & Nostr won't take away state power

Y O U A R E N O T B U L L I S H E N O U G H

As you might imagine... I am thoroughly disliked and don't have all that many friends. 😂

I think this is #[0]'s point. #SkinInTheGame

Thomas Dietz on Nostr, before it even existed! ~2015 I suspect this will come to be viewed to Nostr a bit like what Hayek's "sly, roundabout way..." is to bitcoin. Nostr is relational contracting 3 . 0 😂