Zaelus

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.

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Last Notes

2025-03-22 16:19:01 UTC

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I'm always super stoked to see other people discovering or discussing Dr. Levin's work online... the only thing that makes me feel a little down about it sometimes is that there's been no big updates from his lab in a few years on the bioelectric mapping software he mentioned in some lectures, and the insane (in a good way) experiments on the flatworms and voltage manipulation of the map in tadpoles were several years ago now.
I know that they must have built off of those breakthroughs in some really interesting ways by now, I just wish it were possible to know how. When I understood the implications of what they found, it totally changed how I view existence.

2025-03-13 17:49:59 UTC

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What font is that? 👀

2025-03-06 15:18:10 UTC

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Do you have any alternatives you trust? Just good ole gold and silver?

2025-03-06 13:52:53 UTC

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Yeah... I think the black market aspect would likely be true, but I think it would end up how you described, total organizational chaos that's more harm than good.
Are you certain that the USA would be the main dominant force in this bleak future though? Is their level of control and reach just that great that people would just roll over and let them have it? I agree that's what seems likely, it just makes me sad.

2025-03-06 02:37:48 UTC

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Your comment really got me thinking and curious about the implications and impacts of that scenario, so out of curiosity I asked Claude about it and I found the output pretty interesting:
If all miners were coerced into only including KYC-verified transactions in Bitcoin blocks, there would be profound implications:
Short-term effects:
Immediate fragmentation of the Bitcoin network as some miners comply while others resist
Sharp decline in transaction processing capacity and significant backlogs
Price volatility as markets react to fundamental change in Bitcoin's properties
Potential hard fork creating two competing versions of Bitcoin (KYC-compliant and non-compliant)
Long-term societal and technical impacts:
Bitcoin's fundamental nature would change. The censorship-resistant, pseudonymous design would be undermined, transforming it from a permissionless to a permissioned system.
Black market for non-KYC transactions would emerge, with certain miners operating illegally in jurisdictions beyond regulatory reach.
New mining technologies would develop to circumvent restrictions, potentially using decentralized mining pools that make enforcement difficult.
Wealth redistribution as KYC requirements exclude billions without formal identification or banking relationships.
Privacy implications as Bitcoin transactions would become directly linked to real-world identities.
Alternative cryptocurrencies focused on privacy and censorship resistance would see massive adoption increases.
Geographic redistribution of mining operations to jurisdictions with fewer restrictions, potentially concentrating power in fewer countries.
This scenario highlights the tension between the original cypherpunk vision of Bitcoin and increasing government desires for financial surveillance and control.

2025-02-01 14:07:26 UTC

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Yeah, unfortunately we pay the cost, it's a tax America is imposing on itself. I believe the new administration is doing a massive disservice to American citizens by allowing Trump to make it sound like foreign countries will be paying these tariff costs. Most people (myself included) never really had a need to learn what tariffs were, but if you look into it a better name for it is just "import tax".
A tariff definitely can be an economic tool to foster growth and competition of American companies against foreign producers, but the way Trump is wielding them so heavyhandedly across the board is not the right way to do it. They should be applied strategically in certain industries where it makes sense, but he's using them like a threat/bargaining tool to try to force other countries to do something. I hope Lyn will make some comments on this because I'm just a random person who studies this stuff for my own curiosity, but I think using them that way is the wrong way to go. All that does is further intensify trade wars which are really not good for anyone in such an interconnected global economy.

2025-02-01 13:59:14 UTC

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It'll make goods more expensive for everyone unless people decide to start buying the more competitively-priced American-made versions of what they were used to (assuming those cheaper versions even exist in the first place). If we import some version of the good from another country that isn't tariffed, that would also theoretically become more appealing. I guess it's all relative based on the import costs of each type of good.

2025-02-01 13:51:54 UTC

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Can you explain what you mean by MX and CA having to pay 25% more? A tariff is an import tax paid by the company doing the importing. So American companies that were importing those goods will now have to pay a 25% fee on top of what it previously cost to import them, which means that they will in turn raise the prices of their products to account for this new loss that they unexpectedly started incurring. The end result of that is that by raising their prices, us normal American citizens will have to pay more for those goods.
Foreign countries don't pay tariff costs. We have no way to enforce that, nor does it make sense for them to do so.

2025-01-29 03:19:53 UTC

"How did China get so far ahead?"
https://insideevs.com/news/748875/deepseek-china-evs-ai-analysis/

2025-01-23 13:31:44 UTC

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Since you were apparently annoyed enough that I reacted with a downvote to go and make a random comment on one of my old notes, I'll just reply to you here.
I felt like you deserved a downvote simply because what you wrote was fucking rude and stupid. Rather than explain any kind of position, you just wrote... that. So I downvoted you because I disagree with it. No matter if you agree with her views or not, obviously nobody can defend the stance that she is not smart. In fact, I'm quite confident in assuming she's way smarter than you.
If you were being sarcastic/trolling/messing around/etc. then you shouldn't be so surprised that there will be people who don't understand that just from what you wrote. But I'm pretty sure you weren't.

2025-01-23 13:12:04 UTC

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🤣🤣🤣 the irony of calling me a clown in a reply like this

2024-11-17 16:21:09 UTC

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🤣🤣🤣 has me legit cackling out loud

2024-11-13 15:14:03 UTC

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Fucking disrespectful asshole host who kept interrupting him. Let the man speak 😤

2024-11-01 19:21:33 UTC

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Well said, I completely agree. For as much as the Bitcoin and Nostr communities preach freedom, you’d think they would be a little more mindful of the echo chamber they’ve still formed and the unwillingness to be receptive to any sentiment that doesn’t blindly fall in step.

2024-10-25 03:08:00 UTC

This morning the White House issued a National Security Memorandum declaring that "AI is likely to affect almost all domains with national security significance". Attracting technical talent and building computational power are now official national security priorities.
https://www.reddit.com/r/singularity/comments/1gb6j9v/this_morning_the_white_house_issued_a_national/
https://www.whitehouse.gov/briefing-room/presidential-actions/2024/10/24/memorandum-on-advancing-the-united-states-leadership-in-artificial-intelligence-harnessing-artificial-intelligence-to-fulfill-national-security-objectives-and-fostering-the-safety-security/

2024-10-13 14:26:04 UTC

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This video was useful to me, thanks for making it. I had heard the power law mentioned a few times but hadn't taken the time to specifically research it yet.

2024-10-08 23:02:36 UTC

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I think she pisses off a lot of the most popular talking heads that are currently popular on Nostr.

2024-10-08 15:54:30 UTC

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"Releasing buggy code is exactly how you find those bugs."
Why wouldn't testing prior to release be the better method? I'm genuinely curious to know your logic on this. It's inevitable that bugs will still occur after release, but why don't you think that as many as is feasibly possible should be eliminated prior to release?

2024-10-08 15:51:40 UTC

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I think this is absolutely the way to go, with one caveat: you are capable of handling criticism of your app if other people actually do find it to be garbage.

2024-10-08 15:46:18 UTC

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I suppose you think all forms of product reviews that exist in the world should be illegal unless the person reviewing has created an equal or better product themselves, right? Nobody is allowed to say anything is bad unless they prove that they can do better first in your mind?
Maybe you should provide an example of some software you wrote first that we can use as a benchmark to gauge if your responses here have any merit. If you haven't written something better, how is it fair for *you* to ask someone else to provide that?

2024-10-08 15:44:40 UTC

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I agree with everything you wrote here, and it's so fucking annoying to see people defending inferior products because they feel insecure with... what? I don't know why they do it, but the only reason you would get a response like "Show us something you made better" is because the people making those comments feel insecure due to you calling that shit out.

2024-10-08 02:20:05 UTC

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You just stupidly and ignorantly assumed I was replying to you. Clearly shows how much of an imbecile you are. Just because I replied to your comment, it doesn't mean shit. Stop choosing to assume my position. Not everyone who replies to you is speaking to you, smooth brain. You should take that shit energy back to Twitter and stop making assumptions about people.
By the way, I love the irony of how you say "ask questions" yet can't be bothered to respect others who do the same 🤣 we're done here. Comrade.

2024-10-08 01:50:34 UTC

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You replied to a post with a purposefully vague statement just so you could be a fucking dickhead to people in the comments. This is clearly just bait.
Do you go into a store and just point in a random direction and say "I want that" and let the employees waste their time figuring out what your dumb ass means?
Learn to communicate better, *comrade*.

2024-10-07 21:37:18 UTC

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Why did you reply to the top post saying "that's scary", and then try to claim that someone replying to you has no idea as to what you are saying is scary? Do you just randomly comment shit on posts that has nothing to do with the content? I'm laughing at how you're calling him dumb yet you did this.

2024-10-07 21:21:01 UTC

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Yeah, surprisingly it was a total nonissue and I was just worrying. In the end the guy working with me was just like "oh okay" and we moved on. I was certain at the time that it was going to be a bigger issue than that.

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.

2024-09-19 01:20:56 UTC

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Yeah, I hate it… lesson learned for sure.

2024-09-18 23:51:45 UTC

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Yup... both an unfortunate but also somewhat fortunate thing in this case that they have my info. And yeah, good point, with the ETFs and whatnot.

2024-09-18 23:40:35 UTC

I'm applying for a loan to buy my first house.
After they went line by line through my bank account, they sent me an e-mail and said "We need you to provide some more information on these transactions..."
Just the fact that occurs was enough to immediately stress me out, because my view is totally different on these kind of things now after I have been spending more time studying economics and Bitcoin this year. Then I looked down at the short list and saw this among the items:
"River Financial"
I immediately started overthinking, all kinds of stuff like how they're going to deny my loan just because I tell them I bought some Bitcoin, how there's still a massive stigma against it from most of society, how it's associated with criminal activity in most peoples minds (and I'd be willing to bet this is even more true for a lender). But then I realized, I can provide proof that I've never spent any of it because of the blockchain.
I don't know how this is going to go for me, how much they actually will make a big deal of this, but I did feel much more relieved knowing the proof is right there for all to see and check on their own. At least in my mind that seems like it would mitigate the likelihood of them viewing that single purchase as a lending risk. Also it was a pretty small one-time purchase.
Has anyone else had a similar experience? I'd be interested to hear about it if so.
#Bitcoin

2024-09-18 14:29:25 UTC

I like to view the global feed on noStrudel sometimes, mostly because it's pure unfiltered chaos.
Kinda a mix of like... millions of ridiculous spam bots, lots of vague/esoteric posts such as random strings of numbers with no readily apparent meaning, memes, people advertising/shilling one thing or another, people making pithy quotes feeling more important than they are, some people actually posting newsworthy/useful information, and then a very, very small amount of normal people just posting stuff like pictures of their garden or pets or food or something.
I have seen a lot of discussion from the people I follow lately about the increased amount of spam and it is absolutely getting weird.
I really just wanted to ask this: I am a programmer but my background is purely in C++ and not related to web dev in any way. I've never had a need or interest in trying to work with bots that interact with the internet. But I can't for the life of me figure out the potential gain, the use case, or the reason to create bots that do shit like this. Global feed is infested with these type of posts, they happen hundreds of times per minute and ReplyGuy is on every single one of them. Does anyone have an idea of why anyone would waste time creating something like this, if not specifically for trying to make things worse? Appears to be just random fragments of words and phrases that make no sense.
https://image.nostr.build/104217c8880d3c098cc5696cca21c4f0e4bd56dab5aea239e1e8459c3c49512b.png

2024-09-15 16:25:16 UTC

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I agree. I think the friction is all just part of the change... things are changing in a way that is hard to wrap our minds around.

2024-09-15 16:24:32 UTC

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But why can't we say the same thing about person-generated art? Not every piece of human-made art is or even deserves to be saved just due to the basic reason it was created by a person.
I think that it's too subjective, and this topic of discussion is guaranteed to go in circles, because the core premise of why art is a beautiful thing is that it is the essence of a subjective experience. For every million people who say AI art is worthless and garbage because it can be so easily produced, there will be someone out there like me who finds it to be beneficial and a wonderful and unique experience and saves the images that it generates.

2024-09-15 16:21:02 UTC

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I have generated AI art that inspired wonder/emotion in me because it was so interesting to look at. It may be a derivative, but because I don't know the original inspirations, what I saw was new to me and thus I had a brand new subjective experience. I'd be interested to hear your take on this. Not using blanket statements, just thinking about on an individual level.
What is the difference between me seeing AI-generated art and person-generated art if I don't know or care about the source, and the end result is the same? A novel, subjective experience that is different for me than other people due to my memory, experiences, and path through life. Is it still a net negative in that situation, or still just a "fancy curve fitting algorithm"? Or is it just... art at that point?

2024-09-15 16:15:54 UTC

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What if said "throw-away art" inspires emotion/wonder or provides something interesting and cool to look at, is it still worthless at that point? Setting aside any capitalist style views, if we only think of art as a purely subjective experience that each person has in their own unique way, then why claim AI art is throw-away?

2024-09-15 16:12:56 UTC

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Wouldn't you agree that we can't make a blanket statement about all AI art having no soul/personality? I feel like that's the entire point of art is that it's so subjective. I've generated some AI art that stirred emotion and wonder in me due to how cool and interesting it looked, so what should my interpretation of that experience be through the lens of this discussion?

2024-09-15 16:07:59 UTC

This shit is so funny to me.
https://image.nostr.build/f40f4f7aed9b557e8a1164a5c4e3976fe5aaa956a662a6a69ebc9f1adde579fe.png

2024-09-15 00:10:26 UTC

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Hahaha, yup, I think for me it was equipping my own decapitated face.

2024-09-14 22:07:10 UTC

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I hope you end up being wrong, but my instinct tells me you are right. But most of this community refuses to consider these kinds of things, which I think is a mistake. Blind optimism has never been and never will be a beneficial way to view anything.

2024-09-14 22:04:14 UTC

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Black Myth: Wukong. Was always a big fan of the story growing up, so to see it re-imagined in this way is amazing. Also, some of the most amazing graphics I've seen in my 30+ years of gaming.

2024-09-14 21:56:29 UTC

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Hell yeah. Really looking forward to the big update.

2024-09-14 21:55:58 UTC

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Such an awesome and underrated game. I can't get anyone I know to play it. They take one look and just immediately get a thousand yard stare.

2024-09-13 21:57:56 UTC

https://www.wionews.com/business-economy/us-interest-payments-on-national-debt-top-1-trillion-758393

2024-09-01 19:31:12 UTC

I think this would be an excellent documentary to send to friends and family who need more financial education, or who need to gain awareness of the current state of the world economy. It focuses on the most important points of why the currency system is breaking down, but all information is presented in an easily digestible way, and it ends on a positive note.
https://www.youtube.com/watch?v=Co_tVd9gA2I

2024-08-28 05:28:40 UTC

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Dude I didn’t realize it would play a lightning sound effect and it gave me a jump scare 😭

2024-08-27 14:28:01 UTC

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That's a funny coincidence for me. I decided to download it because up until now I've only used my PC for accessing Nostr and never had a mobile client. After the announcement of X revealing its shareholders yesterday, the more I read up on that, the more I realized my threshold of pain for how horrible that platform is had been crossed. Deleted my account and downloaded Damus on my phone. I wonder if that's possibly how it went for anyone else too? 😄

2024-08-27 03:06:04 UTC

X mandated to reveal shareholders. The list contains over a hundred entries including some interesting standouts such as a Saudi Arabian royal family member and the sons of Russian oligarchs closely associated with Vladimir Putin.
https://x.com/DenisDanilovL/status/1827282706574537013

2024-08-24 00:53:53 UTC

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Do you think something big might be about to happen?

2024-08-21 17:03:50 UTC

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I know these kind of small, tightly knit communities exist, but it's sometimes difficult to find one. It's difficult to find a place where you belong and where you can meaningfully contribute. I wish it were easier to find like-minded people.

2024-08-19 05:31:44 UTC

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Was referring to the mutant dude lol

2024-08-16 05:46:07 UTC

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I didn't know you were capable of saying something like a normal human 😂

2024-08-13 14:15:12 UTC

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I do not actually believe that. This post came from a moment of frustration, where I had just seen a bunch of meme and hype quote spam, and found it strange that most people talk about Bitcoin only in a present tense if they aren't parroting "1BTC=1BTC" or posting a meme or vague hype quote about how Bitcoin is the only logical future and how it will kill evil fiat. There's no substance in any of that. Along with this, I clearly don't understand money, according to many of the replies. I'm a newcomer to Bitcoin and Nostr and decentralized protocols and such in general, so my perspective is still trying to form, whereas everyone else apparently has known everything there is to know about all of this for at least 15 years (according to some guy who told me I was an idiot). So I knew I was going to get roasted, but it was a learning opportunity that I felt would be worth it.
I just want the weight of the potential impact to be reflected more in the discourse. I want to be able to talk about the intricate details and have thought experiments and discuss hypothesis with people for how things can *actually* happen, and things that *are* happening. I'm just sick of the memes and the hype quotes.

2024-08-08 20:36:38 UTC

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I think this is very accurate and something that the majority of people wouldn't be able to wrap their head around. I've thought about similar concepts before... the main thought I end up arriving at is: in a hypothetical world where government and religion didn't exist, would things be better for all? Or would something somehow more sinister take their place? I wish it were easier to find out answers for questions like this.

2024-08-07 21:27:27 UTC

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Well, I hope the status quo shifts in this direction.

2024-08-07 21:16:56 UTC

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And what do you propose we do about this situation? Because while your points here all seem valid (at least to me), it looks like the majority rules and what you're laying out here just isn't the way things are actually happening.

2024-08-07 19:26:00 UTC

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This all makes perfect sense to me and I agree with you on how it seems apparent that some kind of large conflict is looming.
And yes, absolutely, we're nowhere close to having the average non-tech savvy person being able to have easy, secure access to self custody and use it in a way that they don't have to first dedicate time and focused effort to studying and understanding it.

2024-08-07 19:05:43 UTC

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Your last statement is interesting... why do you think that's the case? What's your speculation on the timeline for this happening? I said in another comment that I hope I live long enough to see it, because I genuinely have no idea how the timeline might play out. Things seem to be changing so rapidly now.

2024-08-07 17:29:08 UTC

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Care to expand on what you mean by this for those of us who don't know whatever it is you know?

2024-08-07 15:28:42 UTC

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Well said. That's my biggest issue with content creators like her... we can identify what's wrong all day long, but if nobody bothers to even make the slightest attempt to provide some form of actionable information or useful plan or idea for what to do about it, do we really gain anything? Usually they give some lukewarm "just be prepared" type of sentiment at the end of a multi-hour doom and gloom discussion and it's just like 🤷‍♂️

2024-08-06 21:29:15 UTC

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This makes sense and I appreciate your succint answer.
I think the source of my confusion was consuming too much media where the implication seemed to be that fiat would just stop/die out, we'd then stop valuing BTC in fiat, and then we'd switch over to this new perfect system. Rather, what I needed to realize was that future value will be derived from our current system and there will be a lot of calibration over time as you mentioned. Up until now I have never heard any of the Youtubers, etc. I've been watching directly address this.
Of course my question seems stupid in hindsight, but I guess the fact that it does seem stupid now is a good indicator of exactly why I needed to ask it.

2024-08-06 20:55:47 UTC

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It was the actual exchange and not a scammer, but it still bothered me a little... but yeah, I agree, they should already have all of those details since you pretty much have to give all of that upon account creation.

2024-08-06 20:26:25 UTC

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Yeah, I realize I might have come across as a little too aggressive with my tone, but I stand by everything I wrote despite that. I get tired of seeing variations of the same memes and hype quotes recycled on a daily basis and want to take part in some more focused discussion from time to time.
It's pretty interesting to me that the committee thing has been commented on several times. I think that people misunderstood me there... there's clearly a significant amount of sensitivity to even an implication of such a thing in the community. I was just writing the random musings in my head, I never wanted to imply that a committee of any kind is *actually* needed.

2024-08-06 20:21:30 UTC

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I appreciate your perspective. My question is a product of naivete and ignorance, but also a strong desire to question new things I learn.
The analogy I have in my head is like when you give a new piece of software to a complete newbie who has no idea how things are supposed to work, and you just see what they naturally trend towards attempting to do and watch what they break. That's basically me right now with this new paradigm.

2024-08-06 20:10:14 UTC

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I think this is exactly my issue. I'm in the process of trying to mold my mental framework into something new that is ready to adapt to what is coming in the future. And it's not as easy as I would have liked.

2024-08-06 20:05:24 UTC

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I disagree with you, because I have learned the value of humility plenty well in my life without needing to be ridiculed every time.
If I see someone else asking questions like what I did in the future, I can now pay it forward, but I'm happy to know I can do so without your type of attitude.

2024-08-06 20:03:16 UTC

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Do you think I shouldn't have asked the questions I did? Do you think my desire to learn and understand was not a good enough reason to ask what everyone else thinks is a stupid question? What do you think I should have done instead?

2024-08-06 20:01:47 UTC

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Yeah, I'm not afraid to ask stupid questions, and I'm not afraid to admit that I have gaps in my knowledge and ignorance. Despite your comment here which isn't cool at all, I benefitted from all the replies on this post, even yours.

2024-08-06 19:59:15 UTC

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Thank you again for your reply.

2024-08-06 19:54:42 UTC

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This makes a lot of sense to me. Definitely complicated with a lot of moving parts. I just hope I get to live long enough to see it play out.

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 19:40:19 UTC

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I value it based on the historical precedent of all who have come before me.
Check out the rest of the replies and my replies to them... I've gained some perspective from this post and identified where my knowledge is lacking. I guess I'm just not afraid to ask stupid questions.

2024-08-06 19:38:46 UTC

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Thanks for the recommendations, I'll look these up.

2024-08-06 19:38:13 UTC

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It's an ongoing process for me. I'm still learning and don't have a solid foundational knowledge of economics and money. So maybe my original post was not a good idea, but I am fine with getting roasted and beat up as long as I learn something new or gain more perspective, and I definitely feel like all of these replies have helped me to do that.

2024-08-06 19:34:04 UTC

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I agree with what you wrote here much more. Once the current system degrades enough, we'll have the transition moment.

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 19:23:11 UTC

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I think you are misguided in assuming all other things will be measured against BTC. That's purely impossible and completely discounts all of history. We aren't primitive people who just started bartering and realized we needed a currency. We are transitioning gradually from an extremely complex, corrupt, mismanaged system with hundreds upon hundreds of years of precedent.
So as some of the other people replying have already helped me realize: we will be using our current system as a jumping off point for valuation of BTC as we transition toward a different future.

2024-08-06 19:20:20 UTC

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Thanks for your replies. I think your first sentence is the key answer to what I was wondering, and the realization I'm coming to reading all these replies. A lot of the hyping up and meming really does a huge disservice to the people who have a need to learn and understand the practical implications of things.

2024-08-06 19:16:53 UTC

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You're just doing what I said and writing some random quote that doesn't mean anything. I wasn't implying a committee is needed, it was just part of my random musings. How can it be a new measuring stick when we're going to be completely and inexoriably biased by the current system? Gradually then suddenly right? We're going to gradually transition from the current system to BTC, so no, BTC will not be a new measuring stick, the old one will and we will then mold our mental frameworks around the new system based off of the old.

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 19:08:50 UTC

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I'm not sure. I'm just a random guy who tries to understand the economy and Bitcoin and think about the future. So maybe I am. Mainly the part that confuses me is all the people who say "don't value your BTC in fiat" and "1BTC=1BTC". How do these sentiments fit with price discovery? I think this is the core of what bothers me, people in the community just seem to accept this and shower it in praise and likes. But I don't agree with that, I want more details.

2024-08-06 19:02:51 UTC

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I think that this applies more to a scenario where a currency is first being created. But we won't be in that scenario, we'll be shifting out of a deeply corrupt and mismanaged centralized system of fiat to something new. The new system will not be completely unaffected by this transition.

2024-08-06 19:01:02 UTC

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I agree that it will be this way at a high level, but I was curious to see if people had tried to hash out any more specifics on the subject.

2024-08-06 19:00:01 UTC

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It's different because of the core narrative of 1BTC=1BTC and "don't value your BTC in fiat". All I'm trying to do is think about what that can actually seriously mean from a logical perspective.
At some point if the current system dies, a new system must replace it, and 1BTC=1BTC is completely meaningless.

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 18:56:15 UTC

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So would it be logical to say that it would likely just naturally evolve out of the value system we currently use? So like... purely hypothetical here, BTC goes to 10 million USD per coin and that coincides with the "switch over" point to where we start using BTC as the monetary system... we'd use the current value of things as the basis for starting out the new value system? Like, okay my $1M house now only costs 0.1BTC.

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 18:42:36 UTC

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Why do you feel like this is any kind of sufficient answer to anything at all?

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

2024-07-31 00:29:26 UTC

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Agreed, it's UI/UX is still definitely rough and awkward in a few places. I like to actually swap between it and Gossip. Gossip feels even more weird, kind of like an application from the 90s or something, but I appreciate the amount of lower-level info it provides.
Thanks for the info... I guess in these specific cases it's probably like you said, they haven't really had a reason.

2024-07-31 00:23:01 UTC

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Both noStrudel and Gossip give feedback on the status of every event generated from your key.

2024-07-31 00:00:30 UTC

Oh shit, look, the identity of the special guest is finally revealed!!! 💩
https://www.4029tv.com/article/trump-bitcoin-event-delayed-due-to-security-concern/61738786

2024-07-30 23:51:14 UTC

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I just made a post about this a couple days ago: #note1ka3…p7w2
Using noStrudel, it will show you the status of every event generated from your account. I've started noticing that with any event whether it be a reaction, zap, note, etc. just as you mentioned, there's always at least a few relays that don't accept it for one vague reason or another.
The thing that really bothers me about it is that with most of them you can't go and see what rule you broke or what the specific cause was if they don't include it in the 5-6 word error.

2024-07-30 23:24:42 UTC

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Awesome, thanks! I'll check these out.

2024-07-30 23:24:18 UTC

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Completely agree on all counts.

2024-07-30 23:20:44 UTC

When you buy BTC on an exchange and then want to send it to another address but they block your transaction, call you on the phone, make you confirm your name, birth date, address, and verbal confirmation of the address you are sending it to and that you understand what you're doing prior to allowing the transaction...
Wouldn't they be logging this information and using it for some form of reporting to some other organization? Because I know they sure as fuck don't actually care about the safety of your assets. Is it for liability? "You can't complain about us if you lose it because you gave confirmation" type of thing?

2024-07-29 21:46:22 UTC

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Would you be willing to post some educational resources - links/books/articles/etc. - you think can provide what you're describing here?

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 20:38:27 UTC

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Dude really tried to say that he was the reason Bitcoin price was rising from 2016-2020 🙄

2024-07-27 20:14:31 UTC

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PRESIDENT PLEASE NO MORE ELECTRICITYYYYYYYY

2024-07-27 19:50:33 UTC

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Hahaha I was thinking the same thing... and the saying "minutes away" every single time 🙄