Damus
Open in Damus
ZimFox profile picture
ZimFox
@zimfox

Talkin' About A Revolution - h/t Tracy Chapman

One does not simply dox a nostrich !

npub10n40l0xrlrz7fu9j4x72v6k0qr7ud6vvz56y5p0ef9nfu9pmnetqxwdpe5npub
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Relays (7)
  • wss://nos.lol – read & write
  • wss://offchain.pub – read & write
  • wss://relay.damus.io – read & write
  • wss://relay.primal.net – read & write
  • wss://relay.snort.social – read & write
  • wss://wot.utxo.one – read & write
  • wss://wot.sudocarlos.com – read & write

Recent Notes

ZimFox profile picture
@Jeff Booth As a small company that saves in BTC and serves large enterprise with SAAS:

Payment (as opposed to receipts) in BTC is currently not of interest to large enterprise. Yes, there are benefits (cutting out middle men) - but these are negligible vs costs of internal administration.

Do you have views about enabling the enterprise circular economy e.g Pick'npay or Steak 'n Shake accepting BTC then passing on to small suppliers ?

It seems if 'hacked' it would massively accelerate adoption amongst margin sensitve suppliers.

It requires pump-priming a double-sided network vs incumbents - but how?
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TextNow十𝟭𝟳𝟬𝟳𝟯𝟮𝟵𝟴𝟱𝟳𝟱 · 16w
🤙Lets talk now! Via simpleX Chat- https://simplex.chat/contact#/?v=2-7&smp=smp%3A%2F%2FPtsqghzQKU83kYTlQ1VKg996dW4Cw4x_bvpKmiv8uns%3D%40smp18.simplex.im%2FWVZDOLVbGF1sbHAItrr7QdJ5ErK5aT7-%23%2F%3Fv%3D1-4%26dh%3DMCowBQYDK2VuAyEAz6NOW2Jb5eLP861jY9yBSvAALHryvggwT4LOJ026k2Q%253D%26q%3Dc%26srv%3Dlyqpn...
ZimFox profile picture
Compare 'loving your neighbour' & trading with bitcoin:

Both are Peer2Peer
Both are voluntary
Both parties gain
Both are permission-less

Neither require a third party

Community is the network effect

Both are contagious - do more !
less · 58w
Admittedly, I really enjoyed this timely discussion with nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj. Danny asks great questions, with intelligent follow-up points for clari...
 ZimFox profile picture
ZimFox @zimfox
Ahh @less + @Danny Knowles that was a great mellow listen after a winter afternoon stacking wood followed by a hot shower.

Your commentary raises a Q.

If late 2025 gets very toppy and we go risk off - you suggested not being ashamed to get into cash (by which I assume you mean fiat).

I will probably ride out the bear - but would ask if Gold might not be better than fiat in a late 2025 crash a) on principle - it is less fiat b) because it could do well vs stocks

Any feedback greatly appreciated.

PS great work Danny



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less · 58w
If we happen to have a recession and deflationary bear market, then the US dollar tends to be the best performing asset, while liquidity dries up around the world.
ZimFox profile picture
KYC is a permissioning system!

This is why KYC/AML must ultimately fail (ie be eradicated) for BTC to serve the unbanked.

KYC / AML is an evil in exactly the same way that freedom of speech isn't !

However KYC cannot prevent p2p transactions (they remain permissionless given decentralisation)

With this in mind - name something / anything more useless than a private blockchain.

I'll wait!
Wicked · 60w
How does it make you feel knowing that over half of the current bitcoin UTXOs are worth 1,000 sats or less? https://m.primal.net/NSEZ.jpg
 ZimFox profile picture
ZimFox @zimfox
Surprising but Good !

Now assume 1M USD BTC - a 1000 sat UTXO is worth 1/ 100,000 of a million USD = 10 bucks

We want billions of people to have 10 USD (equivalent) - this can only happen if money is more evenly distributed - from the banks and major institutions to the plebs (billions of them)

A low median UTXO value is evidence that Bitcoin is redistributing wealth - it is a good thing !
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Alex · 60w
And a fee rate of 10sat/vb renders all these UTXOs worthless
ZimFox profile picture
One of the amazing things about bitcoin is that :

Once a mid-wit like me has worked out that #BTC makes for a better world, that same midwit understands more than all of Wall Street about money.

The beauty of this is that as Wall Street works ever harder to collect ever less meaningful paper we acquire for an under-appreciated, ever strengthening, ever more widely accepted call on all future goods and services.

By implication simply understanding what money is makes the world a better place.

Skate to where the puck is headed in 2025

Stack sats

(ohhh and try to be ever so humble - yup its getting harder ) h/t @ODELL