sachin

https://www.btcbreakdown.com/

Writer; contributing to the Bitcoin Breakdown newsletter.

Public Key

npub1xnc64f432zx7pw4n7zrvf02mh4a4p7zej3gude52e92leqmw8ntqd43qnl

Profile Code

nprofile1qqsrfud256c4pr0qh2elppkyh4dm676slpveg5wxu69vj40usdhre4spz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0ds566tmy

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub1xnc64f432zx7pw4n7zrvf02mh4a4p7zej3gude52e92leqmw8ntqd43qnl

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Last Notes

2026-06-03 20:45:47 UTC

The 'magic' of doing different things on different clients is still super fun as ever. This experience feels unique and peculiar to Nostr.
I post text notes and reply on Coracle or Amethyst, check notifications on Yakihonne, browse algo feeds on Primal, post media on Nostrudel or Amethyst, watch live stream on Zap.stream, share links using half a dozen sites like njump.

2026-06-03 20:31:38 UTC

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Yessiirr
https://image.nostr.build/cf7f1c882ec6465c71f8420159188d16153ccdafdfa67912ffd9746fb1b27acf.jpg

2026-06-03 20:02:05 UTC

The narrative that big corpos are inherently evil because they are greedy and that judges, regulators, politicians and police are holier than all of us, are not greedy and thus deserve special privileges that exempt them from laws that apply to everyone else is ridiculous.
Think about the level of brainwashing that is required for one to take this position with conviction, and all the ideological foundations that underpin such a narrative.
(Not difficult to pinpoint socialist ideas for blame)

2026-06-02 18:34:34 UTC

I don't care about soft forks, agentic payments, shitcoins on bitcoin, dev drama, fork drama, quAnTUm, paper bitcoin, regulation, influencer wars or any of that.
I just want a reusable payment ID not dependent on a third party server that people can send Bitcoin payments to instantly, cheaply at any time of the day. The funds I recieve can be sent instantly and cheaply, and are stored self-custodially, fully in my control, without a trusted third party accessing my funds or some snoop figuring out when, why, how much and what I'm getting paid.
https://npub1xnc64f432zx7pw4n7zrvf02mh4a4p7zej3gude52e92leqmw8ntqd43qnl.blossom.band/ff6d684923125819d342b42ba840c09d7ecd5836aeb4a34669233dab78731fb9.jpg

2026-06-01 15:56:13 UTC

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Damn I had to double take when I saw your profile 😂
Sup bro
A few things actually:
1. Nostr doesn't 'fix' social media. Public forums are always going to have interactions you don't like with people you don't like. Private, invite-only, closed forums are simply better than 'public square'. Same reasoning as public vs private property. Public sucks. Private better. Nostr makes people harder to censor. And it can enable devs to experiment with social apps a lot more. Also, zaps make people behave in a performative manner, more than likes. When you get 100 bucks for being outraged, you'll double down. Not saying that's good or bad. It is what it is.
2. Open source folks tend to criticize the misaligned incentives that come with profit-driven ad-based, payment-based or subscription-based models, but idk if they realize that the grant-based or donation-based funding models also come with their own drawbacks and incentives. Atleast when profits are prioritized over ideology, energy and capital will flow towards what the market really needs and towards satisfying the demands of consumers and users. Besides, devs and researchers need to eat. Sometimes I feel like the industry is too narrow-minded about the issue of money - like they loathe making money and people who want to make money, while holding aloft the benefits of money.
3. Austro-Libertarianism is extremely useful if it is learnt in a value-free manner. Treating it as a science that explains cause and effect in history, economics, law and politics is far more useful. As an ideology, like all other ideologies, it isn't really useful. You might end up wasting time trying to convince people. Approaching things in a praxelogical manner is the best. Epistemology is also far more useful than we think, especially to become psyop-resistant.

2026-06-01 12:07:14 UTC

Nice little break from social media, including Nostr. Made some low time preference, difficult but positive lifestyle changes during this period, which I hope to continue doing. Feels like an adventure.
Saw if I could disappear from Nostr using kind 5 and kind 62. Turns out not all relays honour those requests. I wish they do at some point in the future.

2026-03-17 13:59:34 UTC

Issue #496 of Bitcoin Breakdown
https://www.btcbreakdown.com/p/issue-496

2026-03-15 19:05:15 UTC

Issue #494 of Bitcoin Breakdown
https://www.btcbreakdown.com/p/issue-494

2026-03-13 14:09:23 UTC

Issue #493 of Bitcoin Breakdown
https://www.btcbreakdown.com/p/issue-493

2026-03-12 14:06:33 UTC

Issue #492 of Bitcoin Breakdown
https://www.btcbreakdown.com/p/issue-492

2026-03-11 14:44:20 UTC

Issue #491 of Bitcoin Breakdown
https://www.btcbreakdown.com/p/issue-491

2025-12-06 01:54:51 UTC

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This is going into the territory of *why* power wins over the market sometimes and vice versa during other times
You say that it's all about incentives. Some argue that it's culture, genetics, history, etc. Others say that it's about the dominant ideas people have. There are those who say that it's an inevitable pattern or progression in society and history. Or that it's divine intervention. Or that it's about the quality of money. Or technological progress. Or the planets.
I can't put my finger on it.

2025-12-06 01:18:38 UTC

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Okay I'll admit that this has some utility to give people an idea about the 'addressable market', whatever that means
But if you think about it, it doesn't make sense 😭

2025-12-05 22:17:43 UTC

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I wish we could stop taking that metric seriously. I feel the same way about market cap also 😂

2025-10-14 21:31:54 UTC

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On its own, it can't 'do stuff'. Nope. A human being can tell it what to do, and only then it will. That's how it is now. And that's how it will always be.
We won't get further if we can't agree on definitions. 'Doing stuff' and 'acting' are the same things to me. And I extensively defined what it means to act. Not sure how the concept of doing stuff differd from those definitions.

2025-10-14 20:40:38 UTC

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It was all related and implied.
The reason why I defined all that was to explain what 'acting' entails. Everything I described as the categories of 'action' are things an AI cannot do.
I thought it to be better than simply saying that an AI cannot act.
•An AI can't aim at ends and consciously choose the means to achieve those ends.
•It cannot own itself or other resources and things. It does not have a will. It has no conception of 'labour'.
•An AI cannot understand the concept of scarcity because it cannot own things.
•Not being able to aim at ends or understand the scarcity in means, it cannot choose between different ends and means.
•Not being able to own things, it cannot bear the costs and risks.
•Not having any conception of costs and risks, it cannot have preferences.
•It cannot have profit and losses as a result of all the above.
All an AI can do is do what it's told. And this function of doing what it's told can increase in complexity. That's pretty much what we're looking at.
Thus, an AI cannot act. Of its own accord.

2025-10-14 20:10:43 UTC

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An AI can't 'act', is what I meant.
The rest was about explaining what I mean by 'acting'. Not separate things.

2025-10-14 19:23:50 UTC

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I've learnt to articulate it a bit better since we last spoke about it:
Only human beings can 'act'.
When we say act, we mean to say:
•Aiming at ends.
•Understanding the concept of scarcity in the means available to achieve those ends, like time, energy, resources, capital, etc.
•Choose the preferrable ends and means by rank ordering them.
•Bear the opportunity costs of aiming at certain ends and means over others.
•Choose the preferrable ends and means based on costs.
•Take the risk of incurring a loss by choosing the wrong means to achieve their ends.
This is basically the action axiom.
Wading further into the philosophical territory, we can say that only human beings can 'reason' about things.
H/T Hans-Hermann Hoppe. His writings have helped me understand the above.
Furthermore, perhaps a theological argument can be made that only human beings have the ability to access 'revelational knowledge'. Only they have the gift of self-realization. But I am too young and inadequately read to elaborate this particular point properly.

2025-09-23 11:22:04 UTC

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Yep it was Saifedean
https://saifedean.substack.com/p/anatomy-of-the-milei-ponzi
Also:
"It is true that he has made the names of Ludwig von Mises, Murray Rothbard and other thinkers of the Austrian School known to a wider public. But his knowledge of their ideas and theories is superficial and flawed, and his praise is therefore double-edged. In any case, we can only advise the public not to regard Milei’s statements on economic philosophy as authoritative...
...it is not enough that he pursue liberal goals with his policies. Rather, the political means must be objectively suitable for actually achieving those goals. This should be self-evident, but it is often disregarded in politics, as Ludwig von Mises repeatedly pointed out. Milei’s policies are a case in point."
- Prof. Dr. Rolf W. Puster, Prof. Dr. Jörg Guido Hülsmann and Prof. Dr. Hans-Hermann Hoppe
https://mises.org/power-market/resignation-scientific-advisory-board-ludwig-von-mises-institute-germany

2025-09-18 21:37:35 UTC

If I were to convince a Bitcoiner to embrace Libertarianism, this is an outline of how I would do it:
The Bitcoin network is not fully resistant to censorship as long as there's a government monopoly in the regulation of the provision of internet services.
An ISP is legally bound to block off your internet access if the state orders it to.
Spectrum is considered a public good that everybody owns, in theory.
The state owns all of it, in practice.
By 'own', I mean that the state has the ultimate say in the usage of spectrum and the ends towards which it is used.
Ownership rights in spectrum is inevitable and necessary since there exists scarcity and conflict regarding its use.
However, no homesteading or first appropriation was involved in government ownership of spectrum.
A law was written and passed, after which the started owning all of it, by fiat. (Whether this was done democratically or by other means does not matter. Fiat is fiat)
The state then leases out the spectrum to ISPs, through auctions.
You'll also need to procure the mandated licenses to set up an ISP.
Hence, a libertarian legal order which enables the provision of internet to become fully privatized is necessary for Bitcoin to become truly censorship-resistant.

2025-09-18 01:10:30 UTC

Hoppe's description of Hinduism in 'Economy, Society and History' is not fully accurate. Very much in contrast to the insane depth that his guru Rothbard goes into while taking about subjects like this. But that's okay.
He is criticized for attributing cultural conditions to the development of libertarian ideas. And that's not okay.
Tradition, religion and culture needs to be challenged by Reason, all day everyday. (And so does History).
I would modify or add to Hoppe's points the following:
I'm from Tamilnadu and my points are going to be centred around Tamil society.
Tamilnadu has been undergoing a century-long challenge and reform to its caste system, kickstarted by the spread of Rationalist ideas.
The caste system is an atrocious monstrosity. The sooner it is gotten rid of, the better.
(Side bar: Some cultural customs, like the belief in determinism, which involves the practice of using horoscopes to make decisions, still persist among people. That hinders entrepreneurial progress also. But as long as it doesn't become a part of government policy, it's fine. To be honest, it's hilariously not that different from drawing lines on charts to make investment decisions. Or using statistical aggregates to plan the economy, which is indeed a part of economic policy all over the world, sadly.)
State policies like affirmative action, wealth redistribution, etc. has unsurprisingly failed at addressing the caste system. It's only made things worse by amplifying caste-based tensions. The reformers were largely liberals who became liberals after it got corrupted by socialist and egalitarian ideas.
State policy that inculcated libertarian principles, e.g. 1991 liberalisation, opening up of imports and exports, making private property universal, removing the barriers to the private production of goods and services, partial privatization of health and education, defense of self-ownership and natural rights and introduction of contract laws, have helped.
Bottom-up organic reforms like voluntary abandonment of caste-based surnames, the spread of rationalist ideas through media and literature, widespread cultural shifts that made 'going back to the old ways' a non-starter in serious political discussions have played a major role in Tamil society shedding the ideas that held its people back from economic advancement.
Tamil people having one of the highest household gold holdings, not only in comparison with other Indian regions, but also regions all over the world, would have helped a lot with being resilient to Socialist planning that occured from 1947 - 1991 and the crony capitalist regulatory capture that has occured since 1991 - present day.
Tamil society has also had religious doctrines that are distinct from the rest of India, which are conducive to rationalist and libertarian ideas.
Tamil Shaivism does not explicitly advocate for a caste system. It is a doctrine, when interpreted properly, that helps people look inward.
I've personally never found it difficult to whole-heartedly embrace libertarian ideas while also keeping my religious predispositions intact. That's got to amount to a good deal in this argument.
The Siddhar tradition and its epistemology, part of the Tamil Shaivite school, is not at all well-known among 'mainstream' Hindu thought. It is low-key, but incredibly influential in Tamil society. That's the right combination and I hope it stays that way. Even if people attempt at making it popular, only those who have good gurus would be able to grok it. And those who do grok it won't go about waging wars, expropriating property and pursuing conquest and subjugation. They simply take care of themselves, their lives and their families and if possible, bring about a positive impact to their society.
This tradition constitutes social power.
Social power is not the same as state power.
Which brings me to the point about intellectuals and opinion moulders, whom Libertarians have rightly pointed out as the legitimizers of the state and engineers of consent.
And boy have they legitimized and engineered many kings and states for centuries. They are at fault for the feudal caste system, customary laws, decline in economic freedoms, parasitic wealth extraction and many other socially destructive phenomena commonly attributed to the state.
The point:
There's nothing inherently corrupt in Hinduism and its epistemology, if understood with the right guidance.
It's the intellectuals and opinion moulders who have corrupted it.
Rothbard would've understood this.
If someone tells me that a religion has not been corrupted this way, they are not seeking truth, but rather propaganda.
Monarchs and their intellectual allies corrupted Hinduism and Indian culture. And so have democratic caretakers and their bureaucrats.
Monarchy was a god that failed long ago in India.
And so is democracy.
Neither is preferable.
No state is the best state.

2025-09-17 17:20:07 UTC

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People blame old people, the weather, greedy corporations, immigrants, people in other countries
Everything except the Government, which will apparently fix the problems it caused

2025-09-16 04:07:01 UTC

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Is this accurate? 😂
https://image.nostr.build/76d2c06a7654c77ddaad7eec009b0f4cc9098471ed18b6a9ae0fa8d14a97e7d2.jpg

2025-09-09 14:52:25 UTC

https://image.nostr.build/b889cf1f0c3631bd89e76eb00d7bf435e361b376771edb1fe6fbf6c2f9b2cc02.jpg

2025-09-04 12:20:41 UTC

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Say no more:
https://www.youtube.com/@ReadRothbard/playlists

2025-08-05 15:30:03 UTC

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Oh shit I didn't know we were talking about the post
I was just going on a random tangent 😂

2025-08-04 23:27:36 UTC

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Brb going to write a 10,000 word essay on the Austrian view of why Sydney Sweeney is attractive

2025-07-06 14:06:38 UTC

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If you feel like it's a grind, then you can always shift to Rothbard's lecture recordings in which he examines various retarded economic policies and their consequences. He's pretty funny.
Curious though, what other challenging topics are you exploring?

2025-07-06 13:49:40 UTC

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It's extremely fun

2025-07-06 13:12:39 UTC

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I'm an Indian and Bitcoin, Nostr and freedom tech, Libertarianism and Austrian economics are on my mind 24/7/365

2025-06-18 11:11:26 UTC

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Reading List For Austrian Economics
1. Ludwig Von Mises:
•Human Action
•Interventionism
•Theory of Money and Credit
•Theory and History
•Planning for Freedom
•Economic Calculation in the Socialist Commonwealth
•Epistemological Problems of Economics
•The Ultimate Foundation of Economic Science
•Economic Freedom and Interventionism
2. Murray Rothbard
•What Has Government Done To Our Money?
•Man, Economy and State
•Power and Market
•America's Great Depression
•The Panic of 1819
•The Logic of Action (Published as 'Economic Controversies')
•The Progressive Era
•The Case Against The Fed
•The Mystery of Banking
•An Austrian Perspective on the History of Economic Thought
3. Hans-Hermann Hoppe
•Economic Science and the Austrian Method
•The Economics and Ethics of Private Property
•The Great Fiction
4. F. A. Hayek
•Choice in Currency
•Individualism and Economic Order
•Use of Knowledge in Society
•Prices and Production
•Monetary theory and the trade cycle
5. Eugen Von Böm-Bawerk
•The Positive Theory of Capital
•Capital & Interest
6. Carl Menger
•Origins of Money
•Principles of Economics
7. Jörg Guido Hülsmann
•Ethics of Money Production
8. Roderick T Long
•Wittgenstein, Austrian Economics, and the Logic of Action: Praxeological Investigations
9. Saifedean Ammous
•The Bitcoin Standard
•Principles of Economics
10. Henry Hazlitt
•Economics in One Lesson
•The Failure of the New Economics
•The Inflation Crisis, and How to Resolve it
You can find all these books at https://mises.org/

2025-05-30 05:10:02 UTC

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When politics comes up with people like the I'm just gonna say nothing and change the topic
'Ah that's cool man, catch the Bitcoin price last night?'

2025-03-25 08:52:35 UTC

'Considerations and Reflections of a Veteran Reactionary Libertarian' by Hans-Hermann Hoppe
Narrates an interesting story about the Frankfurt school and then delivers another sharp criticism of Javier Milei and other western politicians like Zelensky, Trump and Netanyahu as well. Ends with a critique of American imperialism.
https://youtu.be/gOsm4_NYZy8

2024-12-12 01:34:20 UTC

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The real liberalism.
The one that stands for natural rights, free speech, voluntary exchange, self-ownership, private property, free markets, rule of law, presumption of innocence, right to fair hearing, due process, rule by consent, separation of powers, decentralisation of governance and the separation of religion and money from the state.

2024-10-18 06:13:43 UTC

https://image.nostr.build/e8be2a9368330872029dbb8fdd19f821d363a08d52d9b07289642a31433b4934.jpg

2024-10-03 09:15:26 UTC

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Good to be aware of something like that from a young age though, right?

2024-09-07 21:00:12 UTC

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Primal shows that on each profile

2024-09-07 17:47:38 UTC

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Yeah that's there. We will have to take extra precaution before following an account.

2024-09-07 00:49:09 UTC

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*The good part

2024-09-07 00:39:11 UTC

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More events that refute Graeber's argument:
1. The emergence, growth and usage of Bitcoin and circular economy initiatives built around Bitcoin - all of which have happened and are happening spontaneously.
2. The slow rate of adoption of Bitcoin in El Salvador despite being declared as legal tender.
Also, regression theorem is something I just discovered thanks to this podcast episode. Bob's explanation of it filled some gaps in understanding about Bitcoin's value I never realised I had despite having read Menger's origins of money.
Thanks for sharing!

2024-09-06 21:49:41 UTC

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Which exchange are you tracking this on?
Didn't it already fall to 0.04000 on Coinbase?

2024-09-06 15:50:53 UTC

Citrine

2024-09-05 21:38:49 UTC

Yield curve has uninverted

2024-09-05 14:31:01 UTC

Interesting story here 2 hours in about Milton Friedman changing his mind about Government’s role in money after reading more about Scottish free banking:
https://youtu.be/K8r5c2prWew
He argues in favour of Government control of money in his famous work ‘Capitalism and Freedom’.
Lawrence White says this is the paper Friedman wrote with Anna Schwartz after he changed his mind:
'Has Government Any Role in Money?' by Milton Friedman and Anna Schwartz (PDF)
https://core.ac.uk/download/pdf/6900301.pdf

2024-07-27 18:04:00 UTC

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Nostr is that next underground thing.
Or something that disrupts the network access layer and enables anyone to get internet access even if ISP or Govt blocks them.
What is describe was bound to happen to the Bitcoin ecosystem as more people adopted it. Besides, it's only a section of the 'community' that is like that, probably not everyone.

2024-06-29 09:32:03 UTC

https://image.nostr.build/f94198056397821c37558c84ec682674293255dd43d273b7d103e85a7112c971.jpg

2024-06-04 13:40:13 UTC

I cannot imagine living in any other country.
India is both brilliant and retarded at the same time.
Democratic republics for the win.

2024-05-25 11:10:06 UTC

https://image.nostr.build/bcf5a3de0dfb57669de69d10272f8e8a9c69f11df3cb611417f6a703cfea8480.jpg

2024-05-25 09:03:09 UTC

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Set up an LN address on your profile so that people can zap you sats

2024-05-25 07:19:44 UTC

Two men sitting in armchairs, surrounded by trees and nature talk about the history of operating systems, the open source movement and the philosophy and principles behind them.
https://youtu.be/YwqmLi0MoYU?si=VvtghRPzIzRIgBEz

2024-05-25 03:37:48 UTC

https://image.nostr.build/8cd03f59c394684b9fa5f0f885364c927375f0ba301cb440ab131a37a283b030.jpg

2024-05-25 03:33:16 UTC

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That's clutch

2024-05-24 20:35:12 UTC

https://image.nostr.build/bb3ddae05813a319c0f8e2c0c1c56f521422de2a48af5c2886f050c5426813b7.jpg

2024-05-24 18:06:16 UTC

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And above all, fuck Keynes:
'The story of Keynesian economics starts with his work on India. Between 1909 and 1913, he was the most important defender of British monetary imperialism in India. For this work he was awarded a position at the British Treasury during the First World War.'
https://mises.org/mises-wire/keynes-young-imperialist-1906-13
#nevent1q…lc27

2024-05-24 17:35:51 UTC

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Reposting this for all the colonial thots masquerading as stablecoin apologists who supposedly want to 'bank the unbanked'.
You and I are not on the same side. Fuck the US Dollar, fuck the stablecoins backed by it, fuck you.
Bitcoin only.
#nevent1q…sdty

2024-05-24 16:06:45 UTC

https://image.nostr.build/9404c21349b601978acbf37729788937e97ad72440a5cabc0746fd1a1bab92b6.jpg

2024-05-24 11:47:18 UTC

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Yes

2024-05-24 10:27:45 UTC

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Yes it is. I just looked for links to other apps but couldn't find any.
Do you not watch YouTube anymore?

2024-05-24 09:05:37 UTC

This is a ridiculously good podcast. If anyone here on Nostr wants to get an introduction to India and what we're about, I'd point you to this one.
https://www.youtube.com/@amitvarma
I recommend starting with this episode:
'The incredible insights of Bastiat and Hayek'
https://youtu.be/40PvmJLSedw?si=R5DdR8ctZaWUi8zv

2024-05-24 03:41:41 UTC

https://image.nostr.build/667825851423d57b4ed470058074b0d8951b358c5e5ba8f9a3019e8ef3f9f180.jpg

2024-05-24 03:34:00 UTC

https://image.nostr.build/8d8bc2c0f1eb9cefbaafc6f1f0aa7378e4f32a4a32103438ad362afed316f251.jpg

2024-05-24 02:20:31 UTC

https://image.nostr.build/c16dc2aa44f6cfb1ff58eb89efcbd2562b76851997dfac860a29af2869d65b4c.jpg

2024-05-23 15:31:30 UTC

https://image.nostr.build/cdb898d4c5a95a57c3ed80da5a79a1dc15ba13629dcf6a6b1e013198e0beb822.jpg

2024-05-23 14:35:17 UTC

lt's been a while since I've watched a video with a clickbait title and a surprised expression on thumbnail.
It has turned into a counter-signal now. I actively try to avoid videos like that.

2024-05-23 14:00:31 UTC

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Your own relay on your phone
#nevent1q…8g83

2024-05-23 12:45:56 UTC

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What fiat money does by interfering in the money market in the form of benchmark rates, quantitative easing and tightening, foreign exchange reserve management is prevent the discovery of prices by the free market, an antithesis to the system that Friedman here describes.
#nevent1q…knlz
The problem of money is the biggest we will solve in the 21st century.

2024-05-23 09:38:26 UTC

https://image.nostr.build/7b6792d71a8cbd99cb42440bc445f4ceda998f2b23f60217eece2a3c11ee24eb.jpg

2024-05-23 05:42:32 UTC

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

2024-05-23 00:48:48 UTC

https://image.nostr.build/24bc964bc5d020e640a5ef32a79b60478a03c0d99d8eb311ef126acddbd20403.jpg

2024-05-22 17:50:27 UTC

https://image.nostr.build/ec467ce033af267724f93c768e4684433f560cbc833e6ea4321fd35b12ea6435.jpg

2024-05-22 13:00:52 UTC

https://image.nostr.build/88cc1fbabdb5f91a205035721ca9ace7731f670a2e6a6272e68d84eec7b4bf0d.jpg

2024-05-22 10:09:31 UTC

https://image.nostr.build/39a9e750e086ee8ce6b0fcabb7ac27159a1fe9b951f5f3db5ebb2f1360e3b419.jpg

2024-05-22 08:59:03 UTC

https://image.nostr.build/ee80582c994e758a009dc57acf6215a7fcc239c103f012755e585e3166bfe90b.jpg

2024-05-22 05:34:07 UTC

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It seems like since Primal doesn't have zap splits or forwards enabled, whatever is zapped to this note from primal will end up in my primal wallet
I just tried zapping this note on Primal and the tx history shows that I zapped myself

2024-05-22 05:32:12 UTC

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@npub1e0z…0txy seems like you don't have enough inbound liquidity on your LN wallet or your node isn't reachable from Alby or Phoenix
I tried zapping this note 👆 with splits on and it isn't going through

2024-05-22 05:23:03 UTC

The following is an unrolled Twitter thread written by @npub1e0z…0txy about Bitcoin covenants that I'm copy pasting here. It is a good explanation of what Covenants are and aren't, what they can do and what they can't.
(This deserves a lot of zaps so I've set the zap split as 100% to be forwarded to her.)
Here it is:
"
had a good chat today with @mattcsnow and he asked the question “how do you know that the bitcoin you get when covenants exist doesn’t have some weird restrictions on it” this is a good question; the answer is below 🧵👇
ok so the quick answer is that as long as you can independently choose the address that your bitcoin goes to you can have complete assurance that the coins you receive are in your full control. no funny business
bitcoin addresses dictates what kind of lock is put on that bitcoin. if you pick a single sig or multisig address, those coins will only be locked up by those keys. nothing else
the covenant things that people are talking about (in theory) limit what addresses bitcoin can be sent to this is useful for some uses but isnt something you will encounter in general or in “normal” bitcoin wallets
this is also why knowing how to hold your own keys and own your own bitcoin addresses is important. that address is your key to self control. if someone else is picking the address your coins go to, its not your money!! 💰
yes it really is that straightforward. covenants getting added to bitcoin is an optional thing that people will have to elect to send their money into, by using an address that has those specific restrictions built into it
you dont want to use it, fine don’t send your bitcoin to those contracts it’s something you can choose to participate in or not! and you’ll have to move your coins to opt into it
just like you have to move your coins to opt into taproot addresses. this is the beauty of softforks in bitcoin (as well as the utxo model!!) you hold your keys, you decide what restrictions your coins have
some people are really looking forward to locking their coins into more complicated vaults! some people like to put their coins into lightning contracts some people let others hold their keys for them even today🤷
so go forth and write the contracts that you like and make you feel happy and secure about your coins and hold them there!! no one can move or even touch your coins without you agreeing to send them to those contracts
this is why self soveiregnty on bitcoin is so cool: the protocol lets everyone decide how they independently want to guard their bitcoins. other people making different choices has no impact on you personally and i think that’s pretty cool!!
"

2024-05-22 03:40:09 UTC

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

2024-05-22 01:24:14 UTC

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Just caught up with what they've been up to
Adding NWC and enabling self-custodial LN payments is huge for them
Hope they integrate themselves further into the Nostr ecosystem

2024-05-22 00:33:52 UTC

tal vez necesite aprender español por si acaso
https://image.nostr.build/d95c05c61cbcbda7f906c514773108255f6a90b3a45f3cec973cccb2a4d4f3fd.jpg

2024-05-21 23:11:01 UTC

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Coracle is an underrated Nostr client
#nevent1q…h6mu

2024-05-21 16:30:48 UTC

https://image.nostr.build/3a018abfe0c9ee52022f16ac357e3fcda28ea5e2947eb7b237637e267e32056e.jpg

2024-05-21 16:00:30 UTC

Klaus Schwab is stepping down.
I don't know if it was the case for others or if history will look at it that way, but Milei's speech at WEF was a big turning point in how I looked at politics and made me go down a fascinating rabbithole.
It helped me understand that Socialism and Liberalism are different things whose meanings have been twisted to mean the same thing.
Liberty is an idea whose time has come.
https://www.semafor.com/article/05/21/2024/klaus-schwab-says-hes-stepping-down-as-world-economic-forum-head

2024-05-21 14:58:44 UTC

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I think we need to move on from follow counts to something better
Google+ had circles
Facebook, Orkut and Myspace had friend lists
LinkedIn has connections
They all emphasized on displaying only relationships that were two-way. That is better and makes contact lists less of a popularity contest.

2024-05-21 14:46:33 UTC

Embrace the stereotypes
https://image.nostr.build/70b75edf4d7886908771b35f4cd83028fde1e85adc00a54e17840abd3abc3e86.jpg

2024-05-21 10:55:15 UTC

https://image.nostr.build/0beda50d89f047e6ab7658e0ec5527ebd37be75fedb901dc86fd55c64fb5dd08.jpg

2024-05-21 10:39:49 UTC

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Yep 👆

2024-05-21 07:50:53 UTC

https://youtu.be/8Kt2De98Bck?si=OMfwlTquEwAYplf2

2024-05-21 02:44:58 UTC

Behind every ruined software product there is a growth and marketing lead

2024-05-21 01:14:41 UTC

👑
https://video.nostr.build/64630dcef6012bf8d5a415f5f47cb03a6086b8211f5c183b5ba7acf3cf3e0749.mp4

2024-05-20 10:41:51 UTC

Bitcoin Optech Newsletter = Way to keep up with Bitcoin dev without having to open blue check swamp
https://bitcoinops.org/en/newsletters/2024/05/17/

2024-05-20 10:25:37 UTC

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It's just a design choice by devs of respective clients. It's up to them to choose the event kinds their clients display. And we can pick and choose according to our preferences.

2024-05-20 10:20:49 UTC

1. Joins Nostr
2. Posts rage-baits
3. Doesn't get engagement
4. Realises one has to be nice and interact with people like a human being to build a contact list
5. Gets annoyed and leaves
6. Rage-posts about Nostr on Twitter
7. Gets engagement
8. Attainment of freedom averted

2024-05-20 10:08:38 UTC

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Even 'edit post' is an event kind which isn't supported by most clients. You might see the edits I've made to the typos in the first paragraph on Amethyst but not on Primal.

2024-05-20 10:05:36 UTC

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Everything action you do on Nostr, posting, liking, replying can be called as 'events'. Each event has a 'kind' number which describes what type of event it is.
What you're looking for is long form content (kind: 30023)
The following are some clients that support this event kind:
Yakihonne: https://yakihonne.com/
Habla: https://habla.news/
Highlighter: https://highlighter.com/
Not all twitter-like clients we use display this event kind on your profile by default.
Amethyst does support it on Android though. You can always share a link on your preferred twitter-like client after publishing on the long-form client. The post will still be nostr-native and people can directly zap it as well.

2024-05-20 01:22:24 UTC

https://m.primal.net/IIXP.png

2024-05-19 19:14:15 UTC

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We'll come back stronger next season ❤️ 🤍

2024-05-19 18:25:06 UTC

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

2024-05-19 05:09:52 UTC

https://image.nostr.build/74bf696e6bbd67197a3e9d8179530b622179e4dcd7a151e4b8c8d6a6ee159a0a.jpg

2024-05-19 04:46:55 UTC

'There are roughly about 300 million people who use UPI, however, India has close to a billion bank accounts.' https://image.nostr.build/f301fefbf6ee1fda3a06b7843293b89a915021c3b97ac1a54b56b51edbdd8d35.jpg

2024-05-18 08:25:13 UTC

'Knowing how to read, change and run code is modern freedom.'
- Niftynei