Soak Quest's avatar
Soak Quest 1 month ago
Can you really exit the matrix just by HODLing?

Replies (38)

What about removing the power to create deposits from the banks? With that power they can just buy all the Bitcoin with a flick of the pen. They did it to gold and are doing it to Bitcoin. "Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But if you wish to remain the slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits." - SIR JOSIAH STAMP, (Director of the Bank of England in the 1920's)
Maryam's avatar
Maryam 1 month ago
HODLing might be a start, but you don’t exit the matrix by waiting—you exit it by building.
ah right 😂 great clip tho, would zap but my wallet is out of powder
El Guirri's avatar
El Guirri 1 month ago
Does this work long term without substantial on chain transactions to maintain the incentives to mining? Is L2 an Achilles heel in some ways? 🤔
Building circular economies won't make the hyperbitcoinisation happen, but I'm doing my part anyway. We are the freak minority that needs to still be around, when the normie majority will be finally forced to exit.
#7 image Nostr’s Value4Value (V4V) model is all about plebs directly rewarding creators for the value they receive, no middlemen fees, no ads, just pure community-driven support using sats via the Bitcoin Lightning Network. Thanks to by @PABLOF7z for providing this data. Here are the Top Zapped/Top Zappers from last week, showcasing creators who received/sent the most engagement: 🔥 Top 3: Most Zapped 1. Name: @FLASH - Zaps Received: 517 - Sats Earned: 37k 2. Name: @HODL - Zaps Received: 238 - Sats Earned: 20k 3. Name: @Lyn Alden - Zaps Received: 209 - Sats Earned: 48k 🔥 Top 3: Most Zappers 1. Name: @AQSTR - Zaps Sent: 2298 - Sats Spent: 104k 2. Name: @FL Justin - Zaps Sent: 184 - Sats Spent: 26k 3. Name: @Paul Allen - Zaps Sent: 140 - Sats Spent: 1k 💰 Top 3: Most Sats Received 1. Name: @Fountain Boost Bot - Sats Earned: 549k - Zaps Received: 145 2. Name: @Zapstore - Sats Earned: 276k - Zaps Received: 155 3. Name: @RABBIT HOLE RECAP - Sats Earned: 202k - Zaps Received: 25 💰 Top 3: Most Sats Sent 1. Name: wlp2s0 - Sats Spent: 177k - Zaps Sent: 4 2. Name: @AQSTR - Sats Spent: 104k - Zaps Sent: 2300 3. Name: @BitBetBot - Sats Spent: 87k - Zaps Sent: 44 Here are the Top Zapped from last week, showcasing notes that received the most engagement: 🔥 Top 3: Most Zapped 1. View quoted note → - Zaps Received: 194 - Sats Earned: 55k 2. View quoted note → - Zaps Received: 45 - Sats Earned: 8k 3. View quoted note → - Zaps Received: 52 - Sats Earned: 29k 🔥 Top 3: Most Sats 1. View quoted note → - Sats Earned: 96k - Zaps Received: 14 2. View quoted note → - Sats Earned: 50k - Zaps Received: 3 3. View quoted note → - Sats Earned: 50k - Zaps Received: 46 #most-zapped_nostr_recap
Yegor Lapshov's avatar
Yegor Lapshov 1 month ago
Hi there, I’ve just launched an MVP of an app aimed at countering authoritarianism, with BTC onboarding at its core. I believe it could be valuable to the BTC and Nostr community. Would you mind taking a look and sharing your feedback?
Sort of true in principal - if no one has faith in their currency then it will have no value and no one will use it. But as long as some people value it, and banks have the magical power to fraudulently create customer deposits out of thin air, it’s pretty easy for a few banks to collude and create a flywheel of credit creation building up each other’s reserves with the other’s loans. It was this sort of behavior that kept crashing the currency before the Fed and was used as the excuse for a central bank. Just ending the Fed isn’t enough. You can argue that without removing their ability to create deposits they will devalue the currency into oblivion. The central bank serves a role of limiting this potentially infinite expansion, but really only directly addressing the root of the problem, which is that every single bank loan literally creates customer deposits out of nothing, then the currency will continue to be used as a tool of fraud and enslavement.