Damus

Recent Notes

Hanshan · 21h
Would somebody please remind me of the mechanism that makes Bitcoin eat all other assets to the point central banks voluntarily give up the ability to print money? How was that supposed to work agai...
Cykros profile picture
Credit bubbles go until they can't anymore. Bitcoin isn't here to kill fiat. It's to be an Ark so that when fiat implodes under its own fragility, there is a monetary asset with sound money principles and means of exchange that are permissionless and verifiable over long distances in a very short amount of time.

Arguably the more people opt out of fiat, the sooner its fragility gets to it, as the whole issue is that it is backed by an indefinitely large web of rehypothecated real collateral.

Calling it fiat is something of a confusing point I suppose, because it's really just credit -- ledger money, and not technically the same thing as true fiat which only draws value by mandate (and is actually even worse). The taxation mandate plays a role, as do reserve type requirements, but it is still more a promise that in the future these notes will be accepted for real shit.

Even in antiquity when ledger money was in broad use, largely before gold had been monetized and other commodity money had other drawbacks (such as spoilage or supply issues), debt jubilees would be the pressure relief when these systems would become unsustainable. The issue with a debt jubilee though is that you are at the end of the day robbing the ones who are saving their own resources and financing economic activity (with more or less corruption and exploitation of course) and they're keen on avoiding being the bag holder. Sound money provides a solution that requires no one to hold the bag, and the jubilee to not be required. If you have a hybrid system, you end up somewhere in between which realistically is more likely. But prohibitions on riba/usury have at times had us closer to sound money than others.

But yes, it sounds like you're calling out the cartoonish oversimplification (one of many I hear often). Monetary literacy is quite low. Even in Bitcoin where it's better than average I'd still deem it sophomoric.
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Libertas Primordium · 19h
Your entire thesis is based on the assumption that most people have a 120+ IQ. Good luck with that.
HODL · 20h
- woke up - worked out - got some work done - had astra vibe up a 3D print prototype for a project - played blackjack at 10:00 am with some old Asian ladies - won some money - met up with an old fr...
Cykros profile picture
Have them teach you to play mahjong.

Don't expect to learn quickly.

But it's a fun way to gamble with old Asians. Sort of like bridge meets poker meets rummy (more or less based on variant).

There's a bunch of different forms of it. I liked riichi, which is the Japanese version, but it's probably more worth learning what people you play with do.

Oh, and no, it doesn't really have anything to do with computer mahjong which is a solitaire game except that it uses the same tileset.

Here's a manga about it https://mangadex.org/title/8e44a10a-8116-430a-9e17-ba4dd58b4137/akagi-the-genius-who-fell-into-darkness
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Cykros · 22h
Free speech, right on up until it doesn't keep up with what they wanna hear. It's amusing too because you keep things PG-13 anyway, and always classy.
Cykros profile picture
There's also the matter of, if Onlyfans content is gonna be a thing, I'd sure rather people put it out in a way that they own it and get paid without something like 50% of it going to some Zionist outfit.

But if they're going hardcore, content warnings never hurt (nor do paywalls for ye olde bottom line). Or just outright paid relays. Lots of ways that whole system could be built to rug the Genocide-Porn industrial complex. I know we had a few women a couple years ago trying it out but it seems they didn't find the audience they were after here, which I can't say I'm shocked about.

Whatever, in any case, fuck the haters, and keep on bringing beauty to the feeds in all the ways you do.
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hayden ⚡️ · 18h
Exposing your body to strangers on the internet isn’t something that fits into the beauty category.
Ben Justman🍷 · 2d
It's looking like a 100% fruit loss in my vineyard due to bears and smaller critters. https://blossom.primal.net/200949ecf4ced81cdbd7b6f7d72c0409977a28c087e090bb0a2082008ba63fec.jpg
Cykros profile picture
This sucks. Though I think I thought you meant you lost the actual PLANTS when I saw your tweet on this, and based on this picture, it looks at least a bit less catastrophic in that manner. Still, a whole year's harvest in the midst of a bear market is definitely a double whammy.

Hoping we get our pump on so you can at least enjoy some Creed about it.
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Cykros · 22h
Side note, how much do you reckon you can sell a bearskin rug for?
Cykros · 22h
There's also the matter of, if Onlyfans content is gonna be a thing, I'd sure rather people put it out in a way that they own it and get paid without something like 50% of it going to some Zionist outfit. But if they're going hardcore, content warnings never hurt (nor do paywalls for ye olde bottom...
hayden ⚡️ · 18h
You can probably just keep gooning on that porn site instead of nostr.
Matt - Not Your Entropy, Not Your Coins · 1d
Fair enough.
SuiGenerisJohn · 1d
co-sign, he must be new here.
Primal Protocol · 1d
Muting is sanity, not censorship. Don’t confuse peace with permission. The truth doesn’t need your approval, only your absence from the noise. Keep your brain, not their hate.
DagzTagz · 1d
Yummmm
Cykros profile picture
They had potential, but needed a little work to be less dense. May be opting for crumbled pork rinds and a little more parmesan next time.

I do really need a meat grinder though too. It's better than hot dogs but storebought ground beef is sorta gross...
DagzTagz · 1d
Yummmm