Zaelus / Zaelus is on Nostr

Techno-optimist and first principles seeker. I try to remember to question everything. I want to learn everything.
Know thyself, and endure. In enduring, grow strong.

Last Notes

2024-10-07 17:25:05 UTC

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Thank you for being willing to make a comment like this. Even “freedom minded” people who think they’re better than others are just as susceptible to echo chambers as the people they try to condescend to. Sadly, from my perception, most of the biggest names on Nostr all do this.

2024-08-19 05:31:44 UTC

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Was referring to the mutant dude lol

2024-08-06 19:44:10 UTC

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I feel like that would've been a completely fair question for someone to wonder about in 1990. Being told "you're just overthinking" is to me more akin to saying "I don't know and I don't like to think about this so you shouldn't either". I'm not saying that's what you were doing, but I find it completely natural to question things and attempt to address ignorance and see what other perspectives are out there. The painful part is when people forget that not everyone has the same level of knowledge or perception as them.
I've gotten a lot of really useful replies and some recommendations of learning resources, so I feel like this post was productive.
I never tried to imply a plan was actually needed. I was just writing out my random thoughts.

2024-08-06 19:31:27 UTC

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I will absolutely be the first one to admit I still have a ton of ignorance about how markets work. I only finally sat down about 2 months ago and began to properly study and try to understand Bitcoin, and economics for that matter. Like I said in my other reply to you, I think that the majority of discourse in the community has led me astray because it completely lacks practical substance.
Of course I get it that it's fun to hype and meme and shit. But I still couldn't help but feel confused and find a situation I really can't understand when I tried to think about things long term. Everyone just talks about the near term. Price fluctuations, the adoption beginning to ramp up, all the changes starting to happen this year. But the key things I was curious about, I could never find an answer for.
I think the majority of people despise the current system just as I do, but they do to such a degree that they aren't even willing to admit that what comes next must grow from it and be directly linked to in a way we can't avoid. It's not necessarily a bad thing, I think, it's just how things will happen.

2024-08-06 19:13:40 UTC

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How do you extract some useful information from 1BTC=1BTC when you need to pay rent, or an electrical bill, or buy food, or get paid for some form of future job?

2024-08-06 18:58:14 UTC

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Even if we don't need a grand plan, do you just refuse to even think about it? All I'm trying to do is think about what the future may hold, and I noticed that there's an overabundance of memes and stupid quotes and a lack of any kind of questions like this. I get it that it ruffles peoples feathers, but maybe that's an indicator that it should be discussed more.

2024-08-06 18:52:09 UTC

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I can see you're part of the pithy hype quote squad.
Infinity divided by 21 million. So you think all of existence falls under the reign of Bitcoin, huh? So if there's 21 million universes, 1 BTC = 1 universe?
I'm trying to get some actual level-headed and serious discussion on what I wrote. I'm not a fucking troll. I've identified a gap in the discussion around Bitcoin and I wanted to try to see peoples thoughts on it. You reply with this bullshit because you somehow took offense to what I wrote. This is why you need to reevalute what your long term goal is for Bitcoin.
I'm not talking about a place that we're even close to getting to yet, I'm sure this would be decades, if not more. But eventually if Bitcoin does what it is meant to do, it will not be represented by fiat currency, can we at least agree on that?
I'm asking if anyone has considered how we will value it at that point. Maybe it would be in terms of units of energy?

2024-08-06 18:47:06 UTC

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Please feel free to help me gain perspective and see the correct way to think of it. So far I've gotten a few replies to this that all say absolutely nothing of any substance and seem to be purely emotional reactions.

2024-08-06 18:31:24 UTC

I see constant talk about how Bitcoin is the way of the future, how it's the answer, the solution to the corrupt and mismanaged fiat system, a revolution, a way to put the power back in the hands of the people, digital capital, how it has so much utility, how it is the perfect money...
But I never
ever
ever
see anyone talking about how we'll actually value it in a future where it has achieved the goal that everyone idolizes. Why? Why does it feel like there's no true long-term plan?
Lots of people say "don't value your Bitcoin in fiat", but they just stop there. They don't even bother with trying to extend that thought. I feel like this is a mistake to not take it further.
Imagine a future where Bitcoin has become our new primary store of value and we no longer value Bitcoin in fiat. How will we value it at that point? What will one BTC be representative of?
How will we determine this new system of value? How will we arrive at a consensus for it? Will this somehow naturally and organically grow out of the decentralized nature as the system becomes more and more widespread and adopted and used, similar to the dynamics involved in the emergence of the first currencies? Or will there need to be some form of committee formed to make a decision about how we value BTC? Will governments play a role in this?
All the talk of "0.1 BTC is all you need" and "whole coiners" is all purely based on fiat, and doesn't address anything about the long term future of Bitcoin.
I was wondering if people can tell me if any thought is actually being put towards this. I'd like to read about any progress towards this, or about thought experiments for it, or see videos or listen to podcasts that discuss it. So any kind of recommendation of reading materials or other information would be greatly welcome.
Memes and pithy hype quotes aren't going to do shit for us. If this truly is a revolution, we need plans, and we need to ask the hard questions and deal with the tough discussions and start to think about the goal we all dream of actually being realized. Memes and parroting "stack sats" are the lowest of the low hanging fruit.
#Bitcoin

2024-07-27 20:58:40 UTC

I think the core of what we were all truly hoping for in our hearts from hearing Trump speak was just a shred, an iota, just a CRUMB of evidence that he truly understands Bitcoin's higher purpose and potential for the future.
Do you feel like that's what we got?

2024-07-27 19:13:41 UTC

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David Bailey said "who better to lead the orange party than Trump" 🤣 🤣

2024-07-19 00:33:52 UTC

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This made me curious so I checked and I get the same result 🤔

2024-07-18 03:09:31 UTC

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I agree with you. It's a safe assumption that they will not find any method or have the capability to manipulate Bitcoin. Therefore, they can only ever manipulate L2 technologies. This is also why I don't plan on owning any alt coins ever for any serious reason. There's always a human in the loop.
I'm still new to all this and actively learning... but so far Lightning does make sense to me to make transactions faster and more efficient. However, if it becomes compromised to that same level you describe, with the state wanting to know everything you do financially, would there be any reason to keep using it? Does it provide something to Bitcoin that's crucial enough that people wouldn't seek a more secure alternative with more privacy?

2024-07-17 14:06:02 UTC

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Can you expand more on what you mean by this?

2024-07-17 03:28:39 UTC

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Watching an interview with npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe on the topic of Bitcoin and he mentioned Nostr at the end of it. Made me instantly curious to want to join this community.

2024-07-17 00:46:52 UTC

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Yeah, that would be awesome!

2024-07-16 17:09:19 UTC

Like 50 people told me to sort out getting a Lightning address on my profile last night, so I went down that rabbit hole. I think I got it working with npub.cash. Still feeling a bit lost, this is kind of like discovering the internet in the mid 90s for the first time again for me 😂

2024-07-16 03:39:32 UTC

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Dude, it's gotten so incredibly bad... if the attitudes weren't bad enough, the spam is just insanity.