Replies (56)

Chaintok's avatar
Chaintok 7 months ago
You can inscribe our onchain page inside your card with @jack 's words πŸ˜€
Constantin's avatar
Constantin 7 months ago
Until today, I considered that Bitcoin is whatever people want to be. It took me some time to understand that we have to treat Bitcoin as money if we want people to accept that Bitcoin is money. So, dear Uncle, put your message out there till people (like me) get it. I also have only 8 months since I became a Bitcoiner... 🀷
What I'm realizing is that those JPGs and crap are expressions of individuals and companies who have their own goals. And they are entitled to do that. But in the end what we can ALL agree is that money is not spam. Money is a tool to fight information overload, hence we gotta keep Bitcoin focused on being money... we don't want it to become a decentralized database of various types of information.
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ESE's avatar
ESE 7 months ago
A knot a day keeps the spammer away
I'm preparing @npub155m2...dcvg POS terminal that I promised you for Nostr booth, plan 10 minutes on 28th to come to the official conference store... we get Jack's card when it's released and then we bring people over to the Nostr booth to do a transaction ✊
This is very basic in the design world, the FLEXIBILITY vs SPECIFICITY principle. The more flexible something is, the less specific it can be by definition and vice versa. We want Bitcoin to be the OPTIMAL money, therefor it can't try to do anything else as all of its design's encountered trade-offs need to favor the aspect of money for it to be THE best money.
To be a database, it needs to store a specific type of data. That’s why businesses don’t just have a database for all the business data. There’s a database of customer contacts, a database of business transactions, and so on. Most business also enforce IT and data management policies which prevent people from putting unrelated or irrelevant data into the various databases. If you allow any type of data to go into a database, it just becomes data storage, which is far less useful. So Bitcoin is a database… Of monetary data. It’s the difference between an Amazon warehouse and a hoarder’s storage space.
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Deleted Account 7 months ago
By its technical definition, on-chain Bitcoin will never be the optimal money. Lightning is much more aligned with that goal.
Which is to say something true but not specific - the right thing to do still depends on the details. That this principle exists, relevant, but it shouldn't be a foot in the door for rationalizing what is not a good choice on its own merits.
Agree that L2s like lightning network are needed to make bitcoin faster and convenient for everyday use. But I would argue that even if we didn't have L2s bitcoin would still be optimal money in relation to everything else. It may be slower but still operable for wealth management or big purchases while not needing a third-party custodian which wins over gold and it holds its value over time which beats fiat. But, yes for everyday micro/small purchases we do need L2s that focus on optimizing for speed and security of transactions while L1 optimizes for decentralization and security.
GOOD MORNING β˜•β˜€οΈ HAPPY BITCOIN PIZZA DAY πŸ•, Uncle πŸ’œ
I agree we should aim to optimize as the best money, but would by default assume any concession of principle that aims to do so to be most likely to be short sighted. After all, we have principles because they predict outcomes better than forecasting. As to context, I'm not actually being adversarial to the specifics, only highlighting the generalized counter point for edification: When 'rigid axiomatic rule prohibits' I agree let's not 'let perfect be the enemy of the good', but I would simply add that the cautionary counter point to *that* then is 'system failure and injustice often begin with rationalized concessions of principle'
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