cozzy

I believe it's both, i.e. 'sats flow'. You spend the Bitcoin you replenish, ideally by getting paid in Bitcoin (which is not common), and save more than you spend (stacking). Then leveraging new technologies (AI), hard work or any other enterprise you can muster (proof of work) to increase your satsflow.
Stacking and spending are not mutually exclusive, though stacking has a greater gravitas than spending, for the apparent reason that you'll be able to buy 1.25, 1.50, or 2 times as much of whatever it is you wanted, if you wait - this is where low time preference comes in re purhcases, alongside being able to purchase higher-quality goods - effectively changing how the economy woks. It seems to me alongside Bitcoin, is the idea that we should be using our mental capacity/gifts etc, to create value, and high-quality goods. For those that have >100 Bitcoin this is easy to do, they have the time to standbac and spend sometime in contemplation, for those less that 1 Bitcoin, this can seem far fetched, or not a reality for them - though the hope is, that they will too be able to enjoy the fruit of being on a Bitcoin standard.
Also, it's a hidden (you can't assign it a metric to track), but the more people who move to a Bitcoin standard, the better the reality becomes you, i.e. you can't fully know the real benefit (it's potentially massive) of giving your sats to someone else, the more the network grows, the more valuable it is, that means for you also, even though you might not have as much Bitcoin as you once did etc. If you can imagine sats being like blood, and everyone is an organisim that participates in such a mannor that only when the blood flows between all it's parts, does it become optimal, superoptimal. etc
Anyways, I'm yammering - pax!

2025-06-13 06:12:39 UTC

- reply

Wow, beautiful garden. Would love to have a bigger garden like this!

2025-05-27 09:41:27 UTC

- reply

That is nuts! .... not the good kind we've come to know around here.

2025-05-27 09:37:45 UTC

- reply

nice! really nice!

2025-05-26 18:48:42 UTC

- reply

This and also, those parties have clients who just said find me someone/where to get x return, because they want to give x return to their customers none of whom want to be tethered to bitcoin. if they get bitcoin because of the debtor got called, they get bitcoin and get to sell or keep it.
Also, bitcoiners literally want this product so there’s just simple demand and buyers were found on the other side.

2025-05-26 08:56:03 UTC

- reply

Good morning!

2025-05-26 08:02:53 UTC

- reply

GM!

2025-05-26 08:02:43 UTC

- reply

GM!

2025-05-25 19:27:43 UTC

- reply

Nice

2025-05-25 08:34:48 UTC

- reply

Gm!

2025-05-16 09:18:03 UTC

- reply

That is class.

2025-05-15 19:19:09 UTC

- reply

Gooood … night! 😆

2025-05-11 20:39:20 UTC

- reply

Or Nostore on safari (inc mobile)

2025-05-10 10:07:48 UTC

- reply

Absolute

2025-05-10 08:44:34 UTC

- reply

Haha nice. Yea it’s a clip that just makes ya feel good.

2025-05-09 18:58:34 UTC

- reply

A thanks for reminding me of this gem. One of my favourite. @nprofile…9tal you seen this before?

2025-05-05 18:14:50 UTC

- reply

I think it’s insanely cool but I’m trying to think how onboarding my non bitcoin friends would go mostly around the idea of having to set up a node and manage inbound outbound liquidity. I know there’s Zeus and LSPs but still there’s a lot of learning all the same really.
Cashu though, I think is pretty incredibly powerful for onboarding lightning and bitcoin “look here’s some digital ‘cash’ it’s actually real bitcoin, but not need to get technical right now” … next time “oh yea so here’s a few things you can do, go straight to full custody bitcoin by … etc etc”
I reckon gifting sats to my mates through cashu being my first attempt at onboarding them. Thanks @npub12rv…85vg

2025-05-04 22:10:49 UTC

- reply

What does living on a bitcoin standard look like, how’s it done?

2025-05-03 09:45:37 UTC

- reply

Haha small synchronicity - was only humming this to myself about an hour ago. What an hilarious tune… but catchy.

2025-04-26 12:57:13 UTC

- reply

Gooood
Morning!

2025-04-26 12:53:27 UTC

- reply

GM!

2025-04-26 10:56:10 UTC

https://m.primal.net/Qdvw.jpg

2025-04-20 21:13:14 UTC

- reply

Ask*

2025-04-20 21:12:39 UTC

- reply

Do we love Him though? That’s what I all myself.

2025-04-20 15:04:18 UTC

- reply

GM nodey!

2025-04-19 12:31:21 UTC

- reply

GM!

2025-04-18 21:07:17 UTC

- reply

Amen

2025-04-17 19:36:32 UTC

- reply

Welcome!!

2025-04-15 12:51:49 UTC

- reply

GM!

2025-04-13 13:56:31 UTC

- reply

Lady doesn’t seem convinced by what she’s saying tbh. Just saying words…

2025-04-13 10:40:02 UTC

- reply

Can you share a couple of instances?

2025-04-13 08:18:03 UTC

- reply

Have you experienced this to some extent?

2025-04-12 20:22:07 UTC

- reply

Rainbow are the best.
I have set my rainbow in the clouds, and it will be the sign of the covenant between me and the earth. Whenever I bring clouds over the earth and the rainbow appears in the clouds, I will remember my covenant between me and you and all living creatures of every kind. Never again will the waters become a flood to destroy all life.
Wherever I …
On another note, I must get to Madeira .. not that far from me and never been.

2025-04-11 08:25:12 UTC

- reply

GM! Exciting would like to find my place in this vision. I’ll keep looking!

2025-04-10 09:14:00 UTC

- reply

Always people willing to sell but not always a lot of people to sell. look at hold waves, they increase ever cycle, once the knowledge of bitcoin is ingested a new cohort says to themselves I’m not letting go of this (as best I can). We can see Bitcoin has now been ‘marketed’ the to the world in a way that’s never happened before … it’s a patience game.

2025-04-10 09:09:34 UTC

- reply

GM Gigi!

2025-04-09 10:05:13 UTC

Feeling rough(ish) this morning. Please pray for me.

2025-04-09 09:51:03 UTC

- reply

GM!

2025-04-09 09:50:35 UTC

- reply

GM!

2025-04-09 07:32:42 UTC

- reply

Sats*

2025-04-09 07:32:12 UTC

- reply

Was considering trying to make rfid poker chips and ecash system. I could (maybe) then be able to orange pill my friends - they give me cash, I load up their cashu wallet with with ecash, and they watch real money (says) flow in realtime in between there wallets.

2025-04-09 07:26:45 UTC

- reply

GM!

2025-04-09 07:12:06 UTC

- reply

Could be the angle but is the bottom part of the B slightly smaller, or is this stylistic choice? Love your stuff btw.

2025-04-06 13:39:23 UTC

- reply

Yup love it. 💔

2025-04-04 20:06:20 UTC

- reply

Haha that’s pretty good, not sure if it was AI or not but gave me a smile anyways.

2025-04-03 07:22:18 UTC

- reply

More info please no good just saying that.

2025-03-31 20:02:19 UTC

- reply

Nice nice.

2025-03-30 13:04:37 UTC

- reply

Gooood moooorning!

2025-03-30 12:58:52 UTC

- reply

I don’t get it, B10 000 looks like 10,000 bitcoin no?
There’s also that very annoying shitcoin SAT wish someone could destroy it 😁

2025-03-30 07:33:38 UTC

- reply

GM!

2025-03-30 07:30:43 UTC

- reply

GM! I can barely see I’m so tired 🥱 but it is a beautiful morning!

2025-03-29 21:28:35 UTC

- reply

That child prodigy that painted that last portrait has a mad story behind the painting. And has some amazing works of art. Akiane Kramarik is her name.

2025-03-23 23:15:09 UTC

- reply

It what’s the difference in putting your trust in an offline device and a hw wallet, that’s technically not online either right? Or, you don’t need the device you connect it to to be online when you do the business or use a camera on the device to do a PSTB?

2025-03-23 23:10:42 UTC

- reply

LN will get the job done to a high degree (see LN factories), and maybe something with ARK thrown in the mix, or something else will. The main thing to never forget, is that, these layer2s are being built upon the rock that is Bitcoin, its decentralised pow network is the clear winner in terms of decentralization and resilience/security and network effects, by a clear in undisputed margin. All of there other higher TPS numbers are centralised, including solana et al. they can never climb out of that hole, they’re not sound money, they will never be - bitcoin is, done enough said, and then we build and innovate everything on top of it. That’s my take, but I’m still learning.

2025-03-23 08:34:19 UTC

- reply

Haha that’s quite nerdy alright 😅 (hey your lightning wallet setup, can’t zap you.)

2025-03-23 08:32:39 UTC

- reply

Sorry I forgot for this bit:
‘And don’t machines themselves even offline have certain attack vectors and vulnerabilities? (Though highly unlikely)’ you already spoke to in your earlier comment above, to which I was responding.

2025-03-23 08:29:31 UTC

- reply

So the first one is doing PSTB on a dedicated machine using Ubuntu or some other distro? This is where you’d keep most of your bitcoin?
The second is the same as above but you don’t have to use PSTB.
But can’t hardware wallets be used in place of a dedicated machine? And don’t machines themselves even offline have certain attack vectors and vulnerabilities? (Though highly unlikely)
For the 3rd what’s your assessment of startOS? Thanks.

2025-03-23 00:39:14 UTC

- reply

What made you rediscover Him?

2025-03-22 22:14:20 UTC

- reply

What do you use it for? 🤔

2025-03-22 20:59:42 UTC

- reply

Are you Greek my friend?

2025-03-22 20:53:17 UTC

- reply

Correct

2025-03-22 20:52:53 UTC

- reply

Correct

2025-03-22 14:20:36 UTC

- reply

Yea exactly. What is the most secure setup in your estimation @npub1lnm…rrnt

2025-03-21 21:35:06 UTC

- reply

You’ll have to look into a few core ideas of Catholicism for the answer, the early church fathers, what they taught in regards to tradition, the liturgy and the Mass, the early Church and community, being guided by the Holy Spirit, all of which predate the Bible, the 73 book Bible canon didn’t official exist until 382 Council of Rome. - it’s a Catholic (and Orthodox since they were the same thing then) book.
Said in another way, with out a deep history of all the intertwined teachings and traditions and writings that continue without break after the death of the death of the apostles you’ll struggle with most things related to the faith, because it’s all one unbroken apostolic teaching guided by the Holy Spirit, in the Church. Finally looking into the magisterium would be the last key.

2025-03-21 20:59:47 UTC

- reply

Ah good aul Jay haha

2025-03-21 20:31:56 UTC

- reply

That’s not entirely accurate. Both religions have teachings around both of these ideas.
Speaking of Christianity you’ve St Teresa of Avila who says:
“I only beg you to test it [by interior recollection], even at the cost of a little trouble. I assure you…you will find Him within you” (see The Way of Perfection, Chapters 28-29).
Then in Hinduism you’ve Bhakti yoga which relates to the indwelling of the divine within, but then you have things regarding Brahman, whose said to be penetrating and filling all things, which is something that St Paul says of Christ with those very words.
Anyways that’s a bit of that.

2025-03-20 21:30:51 UTC

- reply

That sounds amazing 🤩

2025-03-20 21:28:34 UTC

- reply

I was on it briefly earlier for what I can’t even remember, but after a few seconds I was ‘what is this shit’ I was genuinely perplexed it look awful, the adds were just glaring and then it was all random totally odd ball replies. Mad shit altogether.
I was never into/on social media, nostr doesn’t feel like legacy social media, it reminds me more of early day chat room stuff irc forums etc.
Probably has a good bit to do with like minded people (bitcoin and whatnot), who I’m becoming more familiar with each day. That is community I guess. Anyways ya blah blah, nostr is nice time yaw.

2025-03-20 20:19:34 UTC

- reply

Haha that’s brilliant. Has a double nerd angle to it now because I’m making my way to Oregon watching 1883.

2025-03-20 20:10:11 UTC

- reply

No problem at all. Ok but what if we both together ‘go to Bible and see’ and we both see something different? What happened before there was a Bible to go and see?

2025-03-20 10:13:19 UTC

…the light of the sun will be sevenfold.
https://m.primal.net/PmQy.jpg

2025-03-19 08:20:34 UTC

- reply

GM!

2025-03-19 08:15:01 UTC

- reply

This is @nprofile…cua9 💪

2025-03-18 20:35:32 UTC

- reply

What’s a biblicist?

2025-03-17 11:50:41 UTC

- reply

What’s this about?

2025-03-16 22:59:11 UTC

Spoilers are anti-vibe.

2025-03-16 22:33:15 UTC

- reply

To avoid I presume is it?
“Because what is wrong with some mild sex play? What is the big deal? You know I can see forbidding, or being concerned about, situations where a larger man is convincing a small boy to let him have anal intercourse with him. I can see why people might start to be concerned about this, because does this young child I'm talking about a really young child, say, eight years old is he really cognizant about what is going on here, what anal intercourse is. But just sex play? What is wrong? I feel I have a radical sixties libertarian position on this question. I fail to see what is wrong with erotic fondling with any age. That's the direction I would go right now. I mean the anal inter course thing, that's going to be a hard sell for a thousand years probably. But I would really want to push the issue of what is wrong with”
A reader had written Paglia a letter, asking her what she thought of Ginsberg's support for NAMBLA, to which Paglia replied: "As far as Ginsberg's pro-NAMBLA stand goes, this is one of the things I most admire him for. I have repeatedly protested the lynch-mob hysteria that dogs the issue of man-boy love. In 'Sexual Personae,' I argued that male pedophilia is intricately intertwined with the cardinal moments of Western civilization." She argued that Ginsberg was "the apostle of a truly visionary sexuality," explaining that from a pagan perspective "Ginsberg's celebration of boy-love was pure and sinless, demonstrating the limitations of Judeo-Christian paradigms of sexuality."

2025-03-16 13:42:31 UTC

- reply

True. GM!

2025-03-16 09:11:08 UTC

- reply

GM!

2025-03-15 23:52:55 UTC

- reply

That is .. nuts

2025-03-15 23:16:08 UTC

- reply

Yup

2025-03-15 22:51:21 UTC

- reply

He’s class.

2025-03-15 22:50:22 UTC

- reply

Koyaanisqatsi. Saw it performed (music) live also, great stuff.

2025-03-15 21:18:52 UTC

- reply

Right right man, you totally weren't trying to make a point that if you've a European bank account your money will be used (queue CBDC theory) to re-arm Europe? Better have Bitcoin, like I do hashtag Bitcoin -> Russian news clipping -> giff of weapons etc
You were totally trying to make the point, that because you only hold Bitcoin, and therefore don't have a EU bank account, you'll be unable to voluntarily participate in the Savings and Investment scheme. [end sarcasm]
Your other comments:
'not surprised many will not even notice this is happening.'
-> What's happening?
'It's not my savings the one they'll try to use.'
-> They're not going to 'try' use anything.
''They can't take my savings.. it's not their keys.'
-> They're not going to 'take' anything.
Listen, your position is exactly this - that the EU is trying to TAKE, EU citizens savings - and it's misleading.

2025-03-15 20:53:31 UTC

- reply

Deep research from ChatGPT:
European Commission’s Savings and Investments Union: How Contributions Work
The European Commission’s Savings and Investments Union (SIU) is a strategy to channel more household savings into productive investments. Crucially, it does not compel anyone to hand over their money or have banks automatically siphon funds from personal accounts. Instead, the SIU focuses on voluntary participation through new savings and investment products, supported by incentives and convenient options . In other words, individuals won’t see their bank redirect deposits into an EU fund by default – you either choose to contribute or are enrolled with the option to opt out.
Voluntary Contributions, Not Automatic Deductions
• Opt-In Investment Products: The Commission’s plan is to “promote low-cost saving and investment products at EU level for retail investors” . This means creating easy, attractive ways for people to invest if they actively choose. For example, a person might open a new EU-wide savings/investment account or buy into a fund – but only if they opt in. There is no rule forcing you to transfer money; it’s about offering better opportunities and incentives for those who want to invest .
• No Automatic Bank Redirects: Banks will not automatically divert your existing savings into an SIU fund without your consent. The initiative aims to “increase returns on savings” by giving citizens more investment options , but any movement of your money would require your involvement. In practice, contributions would happen via voluntary actions – for instance, setting up a recurring transfer into an investment fund or pension. Even industry proposals for the SIU emphasize “programmed monthly contributions” and default investment options as low-barrier solutions, but “without compromising” individuals’ freedom of choice . In short, nothing will be taken from your account or “redirected” by your bank unless you sign up for it.
• Dedicated Funds Are Voluntary: If the SIU leads to creation of any “dedicated” EU savings or investment fund, contributing to it would be entirely voluntary. The Commission’s approach is to empower citizens to invest, not to mandate contributions. For example, stakeholders have floated ideas like a European Savings and Investment Account or an EU-wide retirement plan, but these would function like optional accounts individuals can deposit into (potentially with tax breaks or other incentives), not a government-imposed levy . The goal is to encourage more people to invest by making it easy and beneficial, rather than to require automatic payments.
Auto-Enrolment vs. Opt-In Participation
While participation in SIU-related products is fundamentally opt-in, EU policymakers are considering auto-enrolment mechanisms in certain contexts – especially for retirement savings – as a way to boost participation. Auto-enrolment means you are signed up by default but can choose to opt out. Importantly, auto-enrolment is not the same as a compulsory deduction:
• Auto-Enrolment in Pensions: The Commission has signaled support for automatic enrollment in workplace pension schemes (similar to the UK’s system) as a best practice to get more people saving for retirement . In an auto-enrolment system, contributions (e.g. via payroll deduction) start automatically when you get a job, unless you actively opt out. This approach is “widely recognized as one of the most effective mechanisms to boost pension participation” and is “actively promoted by the European Union” . Even so, it remains voluntary in outcome – every individual retains the right to opt out or stop contributions at any time . The Commission plans to recommend auto-enrolment for pensions by Q3 2025 (along with improving personal pension products like the PEPP) to encourage saving, not to force anyone’s hand .
• Freedom to Opt Out: In countries that use auto-enrolment, people can leave the scheme whenever they want. As one analysis notes, “in Member States with automatic enrollment schemes, individuals may opt out at will” . This principle would apply to any EU-endorsed auto-enrolment under the SIU. So if, for example, your employer enrolls you in a new EU-wide savings plan by default, you would have the clear ability to say “no thanks” and stop those contributions. The choice ultimately remains with the individual, ensuring participation is not truly automatic without consent.
Bottom Line: Participation is Opt-In or Opt-Out, Not Mandatory
Official EU communications and policy proposals confirm that the SIU will rely on voluntary participation, aided by smart defaults and incentives – never automatic confiscation of savings. The Commission’s own description highlights giving everyone “the right opportunity” to invest under the SIU, implying an enabling role rather than an obligatory one . There is no requirement for individuals to manually transfer money into a fund unless they decide to participate. Likewise, financial institutions won’t be automatically deducting money for an SIU fund without your agreement.
In practice, if the SIU leads to new EU-backed savings products, you will likely see opt-in accounts or plans offered by banks, insurers, or employers. You might be invited or default-enrolled to contribute, but you will always have the option not to. Any contribution – whether a one-time transfer or a monthly deposit – will happen because you chose to join the scheme (or chose not to opt out). The overarching aim is to *“turn savers…into investors” by making it easier and more rewarding, not by any mandate .
In summary, participation in the Savings and Investments Union initiative is voluntary and driven by individual choice. You won’t be enrolled in a dedicated fund unless you opt in (actively or by not opting out), and contributions will be made by you or on your behalf with your consent, not automatically taken by your bank. The SIU’s role is to set up the framework and incentives so that if you do want to invest some of your savings, it’s simple and beneficial to do so – but the decision remains yours.
Sources:
• European Commission – Work Programme 2025 (Competitiveness): Announcement of an SIU strategy to promote low-cost savings/investment products for citizens .
• Deutsche Börse (industry proposal) – Emphasizes voluntary features (e.g. monthly contributions and auto-enrolment options as nudges) “without compromising…self-discretion” of savers .
• Investment Company Institute (ICI) – Notes that in auto-enrolment schemes individuals retain the right to opt out at any time; auto-enroll is a nudge, not a mandate .
• PensionsEurope – Highlights that auto-enrolment (with opt-outs) is encouraged by the EU to increase participation in pensions, whereas purely voluntary (opt-in) systems often see low uptake . This illustrates the opt-in/opt-out approach the SIU is expected to take, rather than any automatic deductions.
Sources:
• European Commission – Work Programme 2025 (Competitiveness): Announcement of an SIU strategy to promote low-cost savings/investment products for citizens .
• Deutsche Börse (industry proposal) – Emphasizes voluntary features (e.g. monthly contributions and auto-enrolment options as nudges) “without compromising…self-discretion” of savers .
• Investment Company Institute (ICI) – Notes that in auto-enrolment schemes individuals retain the right to opt out at any time; auto-enroll is a nudge, not a mandate .
• PensionsEurope – Highlights that auto-enrolment (with opt-outs) is encouraged by the EU to increase participation in pensions, whereas purely voluntary (opt-in) systems often see low uptake . This illustrates the opt-in/opt-out approach the SIU is expected to take, rather than any automatic deductions.

2025-03-15 20:40:15 UTC

- reply

No that’s not what they’re doing. You will/would need to move your savings to a specific investment fund/account voluntarily.

2025-03-15 19:39:26 UTC

- reply

You're confusing the shit out of all of this, there is no 'speculation' of how 'this' could happen. You're talking about something else entirely - random stuff that could happen, for ways for the EU to underhandedly, covertly or by force etc take savings away from EU citizens (which yea sure that could all happen), but then tying all that together with this post of yours with the screenshot to that article, and now on top of taking another random quote "we'll turn private savings into much needed investment" to back up your argument. Some people have clearly understood that you meant basically that, judging by their reposts and comments.
However that's not the case:
Simply depositing money into your EURO account and letting it sit there won't cause your bank to automatically redirect or fractionally reserve your funds into the Savings and Investments Union (SIU).
The SIU initiative is about creating optional investment products designed to encourage citizens to voluntarily save or invest more actively. Banks like EURO bank will not be required to funnel customer deposits automatically into any SIU-related funds or accounts as part of their normal internal operations or fractional reserve practices.
In short:
Your deposited cash will stay exactly where you put it—unless you actively choose to participate in an SIU-associated product.
Banks cannot automatically put your money into SIU products without your explicit consent or active opt-in.
SIU-related investment options will exist alongside traditional savings accounts but will always require you (the customer) to intentionally opt-in or explicitly not opt-out.
So, if you do nothing, your funds remain unaffected and won't be automatically moved or invested into the SIU.

2025-03-15 18:33:59 UTC

- reply

lol. The part where you suggest it’s not happening with your money because it’s hashtag bitcoin, and not euros where it can be “taken” from you as per the misleading article you snipped from TASS suggests.
If you thought that the article was to do with “tricking” Europeans into investing in bonds, why not add that context to your note?
The a way you framed the post and the way the article is (intentionally worded) suggests (and has been picked as such by others in this thread), that citizens savings will somehow be covertly/underhandedly be used, as opposed to being voluntarily deposited.

2025-03-15 18:07:21 UTC

- reply

Negligible as they were mined using a PC CPU at the time.

2025-03-15 17:43:05 UTC

- reply

No official EU announcement calls for commandeering citizens’ savings.
The plan is to entice voluntary private investment (via bonds, funds, etc.),

2025-03-15 17:37:47 UTC

- reply

False:
Bottom Line: The European Commission has discussed tapping into Europeans’ large savings pool to fund EU objectives, including defense, but not in the sense of a forced grab of private money. Commissioner Maria Luís Albuquerque did highlight an estimated €10 trillion in “unused” savings and the intention to “mobilise” some of it for Europe’s defense-industrial buildup, as reported by TASS and others . This reflects an official strategy to launch a Savings and Investment Union, channeling private savings into investments that support EU policy goals . No official EU announcement calls for commandeering citizens’ savings, however. The plan is to entice voluntary private investment (via bonds, funds, etc.), complementing public expenditures. Reputable outlets like Reuters and the Financial Times confirm the EU’s push for hundreds of billions in defense funding – largely through government spending and loans – but do not mention any direct use of personal savings . In summary, Maria Luís Albuquerque’s comments are genuine, but they describe a capital-market initiative rather than an outright €10 trillion cash grab. The European Commission has implicitly confirmed the policy (encouraging private capital for defense) while making clear through context that it’s about mobilization, not confiscation of EU citizens’ savings .

2025-03-15 09:39:22 UTC

- reply

I’ve no idea what to make of this? What’s your take?

2025-03-09 23:02:23 UTC

- reply

Ok he’s a fiat maxi, and I a recovering one… so talk purely about price why is it worth the fiat amount? And then after that try build a bridge for us that moves from the fiat price to, (theoretically perhaps?) what the value is of bitcoin? It’s fair to say I’m completely confused really tbh. There’s the fiat price and then what exactly? Pricing what world in bitcoin, but won’t I just be using the fiat price as a proxy?

2025-03-09 14:55:47 UTC

#asknostr
I've been trying to orange pill a good friend of mine, I read this article https://fee.org/articles/what-gave-bitcoin-its-value I found on @npub1lxk…5xlc webpage (thanks btw) It was the first article that landed - it answered the question of why does it have value for him, which he was struggling with and with which I was struggling to eloquently get across to him.
Question now though, but he had a reasonable followup statement and question: I would still have some reservations about the fair value of it. Was he saying it's worth 100,000 because of the number of people using or what?
And honestly I'm asking the question too, why is Bitcoin worth the amount it is? (in fiat terms, lets start with that anyways)
I was going to mention about 'Metcalfe's law' as it's what he's referenced essentially.
Anyways, thanks for reading - and for any forthcoming answers!

2025-03-09 14:44:04 UTC

- reply

GM! Only learnt that Sunday's were break day because they're always a feast day a few years ago! 😅

2025-03-07 20:46:17 UTC

- reply

Wait, so not everyone has this? 🤨

2025-03-06 20:36:49 UTC

- reply

Can’t pay with lightning?

2025-03-05 08:46:21 UTC

- reply

Love the drawing. What tradition are you drawing on for your philosophy/metaphysics though?

2025-03-04 07:14:22 UTC

- reply

Ok can you explain the truth to me, I’d like to know what you know, if you can take the time to explain it?