GM #nostr how ya’ll going? Just a reminder that Nostr is still small community but it’s evolving rapidly

Lets start a discussion. For #Bitcoin only self sovereign use case - meaning running Bitcoin node with Lighting. Specter and Mempool which one is better from security and privacy point of view and why? Umbrel or Start9 #asknostr

Don’t believe in anything you read anywhere. Even history books are full of false facts and someone else’s opinions. Learn to critically think about anything you see or read anywhere and you will progress tremendously View quoted note →

Expectation that government should protect one group of people from the opinions of another group of people is pure insanity

Get up at 5AM just to enjoy a morning coffee and meditate before kids wake up

I know insulting is wrong and I also know I can speak truly freely here on nostr so my brain is struggling in painful moments because some people really deserve to be insulted for the stupidity of their own minds So, I sit and meditate and think about - how would @Lyn Alden respond to something really stupid without insulting the owner of stupidity - because she is so good at it

While you enjoy your freedom there are people busy taking your rights and figuring out what is it that you speak that they don’t like so they can balance you View quoted note →

Many think #Bitcoin is risky but few think about the risk of not taking risk

View quoted note →

These days Nostr looks like USA in the 18th and 19th century. People coming from the old world into the new world looking for freedom and new beginning

Let us welcome new arrivals View quoted note →

When AI is boiling oceans narrative?

I watched @jack mallers interview on WBD pod and I finally got confirmation that I am not the only lunatic on the internet who has experienced #Bitcoin religiously

The world is healing one shitcoin at a time View quoted note →

So, lets say you want to DCA into #Bitcoin but would like to know what to expect based on the history. Yes, yes I know. History does not repeat and we can't make reliable predictions about the future based on the past - but what else do we have? Anyway I have made a simulation, actually 100k simulations to see what is the distribution of results if one starts DCAing into Bitcoin at a random point in the past and what is the result after random number of days. And this is the result X axis shows how many days you DCA and Y axis show what is the return on invested capital. Remember there is 100.000 simulations or dots on this image and the distribution is truly amazing. I have so many questions about this. Why are there orderly empty spaces in the graph that do not have any dots? Why does it look like a wave a surfer would kill for? WHY DOES IT NOT LOOK LIKE ANYTHING RANDOM Anyway if you are interested in numerical statistical results here it is

In the 1890s on gold standard young people also wondered what exactly is this money we have, and why does it have value? They might then have asked: how can we be on the gold standard when I almost never see a gold coin, only paper money, copper pennies and silver dimes. What would happen if I walked into a bank and tried to demand my gold? Most people in the 1890s never tried to do that, and they might have been rebuffed if they did, because banks satisfied their obligations when they gave depositors paper dollars. So, even in the 1890s the gold standard was a tantilizing mystery.

Little known facts about gold standard. US basically went onto the gold standard with the Coinage Act of 1873. You might wander what was before 1873? Well, US was unofficially on bimetallic standard (with gold and silver being used as money). The Coinage Act specified the ratio of silver to gold at 16 to 1. But, what is rarely discussed are the consequences of adopting the gold standard. After 1873 US was struck by two decades of deflation. Some people even labeled 1873 Coinage Act as a crime because deflation destroyed many debtors, especially farmers who bought their farms with mortgage because deflation lowered the price at which they could sell their crops and raised the real value of their debt. However, in the 1890s the actual market price of gold and silver implied a ratio of 30 to 1 (not 16 to 1 as set by the Coinage Act) so there were many people that wanted to establish bimetallic standard and use both gold and silver since people would be able to cut their debt in half in case they were repaid in silver. But, in reality the consequence would be a default on half the value of all debts denominated in US dollars. What is interesting is that the term "gold standard" has not appeared very often in books and newspapers except in two decades that where the decades of the two biggest depressions in US history (1890s and 1930s). Because the gold standard was talked about very much during these depressions people like to think that gold standard narrative is a cause of severe depressions. But, in both cases the talk was about complaining that ending the gold standard meant ending something traditional and honest. People seem to have natural respect for ideas that they perceive as coming from the wisdom of the past and that reflect true and important values. On the other hand the term "devaluation" started to be popular in the 1930s. There were no such word in the 1890s during the first depression. Source: Rober Shiller - Narative Economics

I am yet to find a bloody paper sticker that actually sticks to something

When even gastro websites start to pay attention it must be a sign 😉