Miloš Bém
_@milosbem.net
npub1mekx...6lkn
Anarchist | Bitcoiner | Autistic introvert
HTTP 402 Nuts Required @BTC Prague
Nostr is great… Currently at the dev/hack/day side event of @BTCPrague.
So… what’s the catch?
Bitcoin is valuable because it’s scarce AND durable AND easily transferable AND highly divisible AND fungible AND verifiable AND hard to confiscate.
Critic with a one-token buffer: “My farts are rare too and nobody wants them hahaha!”
GM; stay patient.
@buzzbot 5000
Three years ago, around this time, I was deeply immersed in an “open-source” attempt to replicate Boltcards – the hot new NFC product at the time from the KYC service CoinCorner. In the end, I pulled it off – likely the first DIY Boltcards, specially made for the @ChainCampCZ 2022 conference.
And later, also an extension for @LNbits. 😅
#throwback @buzzbot 5000
#throwback @buzzbot 5000
PRAGUE — The Czech Ponzi scheme for retirement pensions reported another positive month as a fresh influx of cash halved the fund’s deficit compared to last year. If the current pace of fleecing victims continues, scheme management claims the fund might even reach balance next year, keeping the pyramid airborne for now.
Analysts warn, however, of much darker prospects after 2040, when the number of available victims will dramatically shrink, while claimants seeking payouts soar. But that’s a headache for future management—along with cleaning up after the inevitable crash.
GM.
Why don’t central bankers just communicate with us through a chimney as well? 😅
They're totally robbing themselves of all that mystique and ritualistic vibe, which they then have to awkwardly compensate for with pseudo-scientific mumbo-jumbo about central planning.
🧵 A Brief History of Money – According to a Bitcoin Wiseass and Self-Proclaimed Monetary Philosopher 🍺💸
1/ 📜 Ledger
The earliest forms of money were basically just informal promises – like social IOUs for favors or good deeds, either remembered or locally written down. This worked in tight-knit groups where trust and reputation mattered. But it didn’t scale to larger communities.
2/ 🪙 Tokens
When trust breaks down, physical objects step in. Rare, labor-intensive, and often decorative items – shells, pearls, stone disks, metal rings. Their value was usually more symbolic than purely material.
3/ 🥇 Precious Metals
As civilizations and trade grew, people needed a universal medium of exchange. Enter gold and silver – rare, durable, divisible, and easy to verify. The first coins were born, and so were the first attempts at debasement – rulers started “cutting” the metal content when they needed more cash for ⚔️ and 🏰.
4/ 💰 Gold-Backed Currencies
As trade went global, lugging around metal coins got old. Enter paper currencies backed by gold – “Let’s just pretend this piece of paper is as good as the gold it stands for.” This worked… until bankers started printing more notes than they had gold in their vaults.
5/ 📝 Centralized Ledgers
Physical tokens hit their limits in the age of globalization and instant communication. So we came full circle, back to ledgers, but this time controlled by governments and their banks. Currencies go digital, transactions get logged in closed, easily manipulated databases.
6/ 💵 Fiat Money
In the aftermath of World War I, governments began to loosen their ties to gold – it was just too restrictive for central planners with a soft spot for printing money. What started as a sneaky trick of counterfeiters turned into the backbone of a whole new economic theory. The result? Some of the worst inflations and currency crises in history.
7/ 🟠 An Incorruptible Global Ledger
An open ledger that no one can tamper with or game. A return to the roots, but without the need for any trust. Neutral money – a nightmare for those who profit from the old, rigged system.
1/ 📜 Ledger
The earliest forms of money were basically just informal promises – like social IOUs for favors or good deeds, either remembered or locally written down. This worked in tight-knit groups where trust and reputation mattered. But it didn’t scale to larger communities.
2/ 🪙 Tokens
When trust breaks down, physical objects step in. Rare, labor-intensive, and often decorative items – shells, pearls, stone disks, metal rings. Their value was usually more symbolic than purely material.
3/ 🥇 Precious Metals
As civilizations and trade grew, people needed a universal medium of exchange. Enter gold and silver – rare, durable, divisible, and easy to verify. The first coins were born, and so were the first attempts at debasement – rulers started “cutting” the metal content when they needed more cash for ⚔️ and 🏰.
4/ 💰 Gold-Backed Currencies
As trade went global, lugging around metal coins got old. Enter paper currencies backed by gold – “Let’s just pretend this piece of paper is as good as the gold it stands for.” This worked… until bankers started printing more notes than they had gold in their vaults.
5/ 📝 Centralized Ledgers
Physical tokens hit their limits in the age of globalization and instant communication. So we came full circle, back to ledgers, but this time controlled by governments and their banks. Currencies go digital, transactions get logged in closed, easily manipulated databases.
6/ 💵 Fiat Money
In the aftermath of World War I, governments began to loosen their ties to gold – it was just too restrictive for central planners with a soft spot for printing money. What started as a sneaky trick of counterfeiters turned into the backbone of a whole new economic theory. The result? Some of the worst inflations and currency crises in history.
7/ 🟠 An Incorruptible Global Ledger
An open ledger that no one can tamper with or game. A return to the roots, but without the need for any trust. Neutral money – a nightmare for those who profit from the old, rigged system.
I’ve been my own bank for a long time. Lately, I’ve even been running LNbits accounts for family and friends—which means I see every payment they make. It’s not ideal. Only when they can hold (blind signed, electronic) cash of their own will our little family bank truly respect their privacy. 📧
Thank you @calle
It’s such a privilege to be here with the brightest. 🫡
Ever wonder which #cashu mint on audit.8333.space has the best average swap time?
GM, fellow bitcoiner parents
Blockchain without bitcoin is just marketing.
Wrote down some thoughts — for anyone still getting distracted by the buzzwords.
🍿🧡
View article →
https://highlighter.com/a/naddr1qvzqqqr4gupzphnvvw4eqaulr59w470dn0ma8fmehm8p609f0cshrzcn4ngzswymqythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qql5ymr0vd4kx6rpd9hz6sn909hkuepdgf5hgcm0d9hz6sfd23jkx6rwdakx7eme94tkjargda6hgttp94g82unsdaek2tt5x4shxdfne6rkph