Damus

Recent Notes

Dr. The Daniel đź–– · 31w
If you exchange it for sats, you’re winning.
tree 木 · 34w
Where does it end though? Orwell had his skeletons. Should we stop quoting him too? This constant policing just means we're always searching for the next "clean" person to credit - until we discover their skeletons a few years later, then repeat the cycle. It's exhausting. At some point we need to ...
miljan · 34w
This is the correct way to think about btc price imho nostr:nevent1qvzqqqqqqypzqpxfzhdwlm3cx9l6wdzyft8w8y9gy607tqgtyfq7tekaxs7lhmxfqqsvjmtp6z6z24k06k43lhcpym5a9n9ck7pw6y7f53akqkqmfa4cr8s7pesw3
Repeatedly nuked profile profile picture
It's not. There are only so many human minds with the means to affect the price. And in the last few years the deeper concept of bitcoin has reached pretty much all of them. Before moving the bitcoin price was mostly about introducing bitcoin to new minds with the means to affect the price. Now you don't have many of those new minds left. Now, moving the price is about un-hardening already hardened opinions, old minds, a much harder task.

People forget that the price of bitcoin comes down to the personal opinions of a fixed number of people. The price of any money does.
Chad Lupkes · 34w
So you're saying that you would vote to boost the total supply beyond the 21 million, or that you would stand by and continue to lise the fork of the protocol that would allow that, because you don't ...
Repeatedly nuked profile profile picture
Sometime in the next10 years (or whenever) bitcoin is going to be forked where the fork becomes the new bitcoin, that's for quantum. That’ll once again demonstrate that nothing about bitcoin is “locked in”. It's software that gets updates, that's what it is.

It's not whether you or I would get behind a fork with a different number coins, it's whether such a fork could happen before all the coins are mined. If it could happen, even in circumstances we'd find hard to imagine in 2025, even 50 years from now, then it's just not a hard limit.



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Chad Lupkes · 34w
Sometimes I think the only constant in the universe is human stubbornness.
Chad Lupkes · 34w
So you're saying that you would vote to boost the total supply beyond the 21 million, or that you would stand by and continue to lise the fork of the protocol that would allow that, because you don't think you have any agency or power. Interesting.
Chad Lupkes · 34w
What you're saying is a complete misunderstanding of the supply. When miners solidify a block and get a block reward, they are NOT creating new coins. They are releasing coins from the locked supply...
Repeatedly nuked profile profile picture
You could say that about anything. Everything has a total number that will ever exist, even raindrops, it's just a question of whether we know what the total is or not.

In fact I'm looking at a number of raindrops that just got "released from the total supply" outside my window right now.

And as you point out a hard fork could change Bitcoin so we don't even REALLY know the total number there either. Nobody has a time machine.
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Chad Lupkes · 34w
that's like complaining about how little matter there is on the Earth when Jupiter and Sol have so much more. Or how little energy Earth gets from Sol because we only get 4.534 X 10^-10 of the total radiation emitted, and even then half of that is reflected by the atmosphere or deflected by the mag...
note1xpeg7...
Repeatedly nuked profile profile picture
Those who really care about normies and growing nostr then are going to be for USDT zaps.

It's insanely hard for the average person to acquire "a little Bitcoin" in any form, be it lightning form or Cashu form (if you call Cashu a form). Strike doesn't even have debit card support anymore for goodness sakes. People just can't get the stuff, and no, begging nostr old-timers for a few handout sats is not a solution.

The best path for growing nostr is USDT, because normies can actually GET A HOLD OF IT. Nostr doesn't run on Bitcoin like Farcaster runs on ETH , at best Bitcoin is just a plug-in, and USDT is a more useful one.
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vinney...axkl · 45w
you precisely can have your most trusted people attest to your new key. exactly what you said.