Doot Doot Bandicoot

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npub17xjyqw2n99vgnncnt9cwlcw394j3llg5aszwxhpdxpv44wrlfnfqy2l9z4

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nprofile1qqs0rfzq89fjjkyfeuf4ju80u8gj6egll52wcp8rtsknqk26hpl5e5spz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3samnwvaz7tmjv4kxz7fwdehhxamgv4ex2tnrdaksl2rpaw

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relay.damus.io

relay.noswhere.com

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Last Notes

2024-09-03 02:54:35

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The only reason people demand money is to buy stuff with it. Literally, that is it's sole function.

2024-09-01 18:24:13

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Monetary manipulation cannot be subverted by Bitcoin if people do not use Bitcoin as money. I'm not saying that it wouldn't be useful in this regard. I'm saying that a prerequisite for it to *actually be useful* in this regard would be that it be a general medium of exchange.
The problem of Bitcoin's lack of privacy is a significant obstacle to it's acceptance as a general medium of exchange.

2024-09-01 16:04:21

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Idk, I think the fundamental promise of Bitcoin as an alternative money to fiat is somewhat complicated by its inability to be a full replacement for fiat.

2024-09-01 15:06:57

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Is it obvious? Because that payment option doesn't typically show up on the kiosk. I can convert some Bitcoin to dollars, maybe, but until then they don't typically give me the ham sandwich.

2024-09-01 14:52:53

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Is Bitcoin top dog? Can I go to my corner deli and buy a ham sandwich with it?

2024-08-31 16:49:16

I mean, right now, the most private and least controlled means for people to buy things is with #fiat: cash.
I know, it's value is manipulated by the central bank, but that is a product of the banking system. If everyone held cash, then the Fed would be impotent. Cash itself is fundamentally decentralized in the sense that it doesn't rely on a central authority to handle organizing exchange; you don't have to wait for the check to clear when you pay cash. Moreover, whatever you buy is between you and the seller; it's not visible to anyone else.
Until a crypto technology can replicate that kind of privacy, then the state will always have an upper hand on controlling people through money. Hell, they can effectively steal your money by blacklisting it when they know you have it! That's an extremely effective means of control, let alone knowing what you're buying and selling.
From what I understand, #Monero is the closest at trying to solve this problem, but it certainly isn't the most popular.
In my opinion, this is the single most important issue that #Bitcoin has left to resolve. Until then, I hate to say it, but #Bitcoin is just a game.
#nevent1q…sf7s

2024-08-31 16:11:08

My certainly unpopular take on this platform: The public nature of the #Bitcoin blockchain will be the noose that strangles the #crypto as a means of subverting #fiat and liberating mankind from overbearing governments.

2024-08-30 23:42:10

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Well, probably because construction is real life.

2024-08-30 23:34:03

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The only real solution is to be your own ISP. Using wireless technology. On a nuclear-powered submarine. Named Red October. With Harry Potter's invisibility cloak.

2024-08-30 23:29:41

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Well, it is a different country than Brazil.

2024-08-30 22:50:24

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Or the VPN CEO never goes to that particular country. Proton, to take an example, is headquartered in Switzerland.

2024-08-30 21:13:53

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See my bio.

2024-08-30 12:51:08

Seriously, either y'all have way too much #Bitcoin that you'll waste it on rewarding these crypto platitude posts, or this is some kind of money laundering. Either way, my main feed being blasted with a bunch of empty atta-boy posts really makes the experience on here feel like a waste of time.
#nevent1q…x7s0

2024-08-30 12:31:16

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Why are people sending money to people for these banal posts?

2024-08-30 11:36:46

I challenge people on here to go one full day without posting a platitude about #Bitcoin.

2024-08-28 21:47:17

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I'll concede that the purchase price of your assets affects the calculation of an unrealized gain, but in my mind this makes the unrealized gain tax less intrusive than a normal property tax. It's essentially a property tax with a write-off.
At any rate, the justification of a property tax that you're using is fun philosophizing, but the revenue that property taxes generate go into the same pot as any other tax. The state isn't demarcating police or firefighting services and saying "property taxes pay for this, income tax for everything else".
You can believe in a land value tax or something as a justifiable tax, but that isn't exactly what a property tax is, since improvements you make to your property increase your tax liability. If you're justifying a property tax by pointing to government services that you consider legitimate, that's fine, but this works for any tax, so it's really a non sequitur to talk about property taxes like this.

2024-08-28 17:24:39

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It can be used to protect your property and still be a tax on unrealized gains.
Taxing unrealized gains means assessing the hypothetical sale price of some asset and demanding a payment in money as a percentage of that assessed value. This is exactly what happens with property taxes.
Property taxes are an example of a tax on unrealized gains.

2024-08-28 17:15:40

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This is not true. The Democratic party has become the party of the ultra-wealthy. Except for Elon Musk and Peter Thiel, how many tech billionaires are Republicans?
Besides, many of these Harris voters do have assets, but they think they're safe because the threshold for this tax would be $100 million. They think their 401k is safe. They're wrong. No tax ever begins by falling on everyone, but eventually, everyone will pay it.
Their stance on this issue (and "tax the rich" more generally) is that they're fundamentallu incapable of conceptualizing second-order effects for any decision.

2024-08-27 13:10:18

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No. Finding crypto culture tacky and annoying doesn't mean I support fiat money. It means my personality isn't tied up in this one thing to such a degree that it's the only thing I know how to talk about. Like, literally, go outside of your house to some public place, grab some random person, and ask them what they like to talk about. How many of them do you honestly think will be like "HODL ALL DAY BRUH."

2024-08-27 02:46:21

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We could also have someone create an account for Donald Trump and tell him to post here, then you'll definitely get more eyeballs lol.

2024-08-27 02:42:42

Not gonna lie, I really don't care about crypto culture. It is clearly the main topic on this platform.
I like the idea of a decentralized messaging protocol because I think it's extremely important that people be able to communicate. Crypto is cool and all, but it really doesn't have to be the only topic (fwiw, I do own some, even if it isn't my life).
I've seen a lot of posts on here about how to help nostr overcome the networking effects of Twitter, Facebook, etc. One thing that can help is if the most followed accounts aren't only talking about Bitcoin or the lightning network or whatever.

2024-08-26 20:48:08

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You could broadcast to some sunset of your peers and then wait for another subset to show the post to ensure that your message proliferated the network.

2024-08-26 20:47:06

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Why not have everyone hold a copy of some arbitrarily old section of the history of posts (in their client, as a separate program on their device, whatever) with a choice to hold the entire history.
Then, you connect to some peers, add a post by communicating it with them, and they communicate with others and so on, adding it to their local copy, until everyone has the message? Essentially, everyone is a relay.

2024-08-26 13:43:01

The only solution to control by governments is outpacing their means of exercising control. Centralized communication will inevitably be captured by the state and without an alternative, the free exchange of ideas online will die.
I am excited that nostr offers the alternative we all need to remain free to express ourselves. The ingenuity of man always comes through, sooner or later. One day, we will all look back at Facebook, Twitter, TikTok, etc, the same as we look at Netscape Navigator, MySpace, and all of the other stepping stones to the modern era.