Damus
Tom profile picture
Tom
@thomas_fahrer

Building with Bitcoin and Lightning ⚡ Co-founder of Apollo @thomas_fahrer on Twitter

Relays (11)
  • wss://relay.damus.io/ – read & write
  • wss://nostr1.tunnelsats.com/ – read & write
  • wss://nostr-pub.wellorder.net/ – read & write
  • wss://relay.nostr.info/ – read & write
  • wss://nostr-relay.wlvs.space/ – read & write
  • wss://nostr.bitcoiner.social/ – read & write
  • wss://nostr-01.bolt.observer/ – read & write
  • wss://relayer.fiatjaf.com/ – read & write
  • wss://relay.snort.social/ – read & write
  • wss://eden.nostr.land/ – read & write
  • wss://atlas.nostr.land/ – read & write

Recent Notes

BitcoinAddict · 142w
Can’t wait. Trying to educate my son on this.
yutaro · 141w
Hi 👋 I sent DM for a need your help.
paulo · 142w
https://gifdb.com/images/high/darth-vader-yoda-raise-arms-zvrg4hocqbmuv0mf.gif
Tom profile picture
The internet is an expanding universe in every direction and we've got a million problems to solve for people in every part of the world.

The internet knows no borders. To provide services to users from the US to China, Australia to Brazil - I must be able to seamlessly transfer and receive value universally.

The world doesn't call for 100 monetary systems. It demands just one—apolitical, scalable, and accessible to anyone with a mobile phone. That's Bitcoin
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TallBrian · 143w
What’s crazy is that this is still a fringe idea, but when it blasts into the public consciousness it’s going to be a fucking hurricane. LFG
Tom profile picture
Decades of work, dozens of attempts to find peer-to-peer cash. They all failed. Then came Bitcoin. 15 years and over 20,000 attempts to compete with it later. They also failed. Bitcoin stands alone: The pinnacle of money. The Apex asset. Pristine. Perfect.
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Tom profile picture
You save in bitcoin isn't that risky? Anyway, come to my housewarming party. I've just 10X leveraged my life savings with a variable interest rate loan.
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BaleNorge · 143w
Any examples you can share?
Tom profile picture
Out of the 7 billion individuals on Earth, only a fraction truly grasp the inherent fraud and corruption embedded within our legacy financial system. Even fewer have the blend of knowledge of history and technology required to truly understand why Bitcoin is the definitive solution.

This means that if you’re one of the prescient few who actually get it, and you have the courage of your convictions to take these ideas to their logical conclusion, you are operating on the absolute bleeding edge of human knowledge.

I don’t know what’s going to happen to the Bitcoin price tomorrow or even next year, but the only thing I really care about is, is Bitcoin the truth?

The truth is all that matters. Over time, the universe will always find a way to reward those who understand it and punish those who do not.
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Frost Dragon · 143w
I think this is true, and really want it to be. Gotta be honest though, the flattery sketches me the hell out.
Badsamm · 143w
And I didn’t take the Vax.
Free as a bird · 143w
It’s been a long lonely path, but the view has been nice!!
Tom profile picture
When fiat blows up every person is going to be using Bitcoin whether they like it or not.

Unless you want to be Henry David Thoreau living a life in the woods. You better get used to the idea of transacting with Bitcoin.

And clearly early adopters are the winners. The losers are the people that need to be saving in Bitcoin and are either in denial and they're hoping that this is not going to happen or they're just incapable of managing sovereign money.

You have to be prepared for a world where every country is Argentina. All fiat is backed by the same stuff. They all have a shelf life.
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Tom profile picture
Bitcoin was a Billion dollar network a decade ago and now it's 500 Billion. If you ask me it’s going to 100 Trillion. Whoever is selling right now must be a fool, or they've no idea what they own. This is a money that'll be used by 8 Billion people. You just get it or you don’t.
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Tom profile picture
Most of the people with more money and less knowledge than you, think Bitcoin is dead or irrelevant.
Their misunderstanding is your opportunity.
Buy their Bitcoin today, and one day, they will seek your knowledge.
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Hondish · 144w
And your bitcoin!
Terminator ₿ 丰 ⚡️⛏️ · 144w
Fiat money usually die once every 30 years. This is the cycle:)
Leon · 144w
Fiat disease 😎
Tom profile picture
We're at that point in the cycle where the people who got REKT playing 'Next Bitcoin' two years ago, are starting to connect the dots.

When #Bitcoin hits its next ATH, it'll all make sense - and that's when the frenzy begins again.
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Madosatoshist · 147w
Nah. A few learn but most never stop shitcoining. They'll die off eventually but evolution is a slow process.
Tom profile picture
Currency debasement is a silent thief. It quietly erodes the value of people's labor, degrading the purchasing power of the average individual. Yet, this process is so subtle that most people don't immediately notice its impact.

Many people understand that something is amiss, but they often overlook a potential solution: Bitcoin. Some see it only as a speculative, high-risk asset, while in reality, it holds far more value as a decentralized and deflationary form of currency.

Monetization of any new medium of exchange isn't an overnight event. Look at gold, which took thousands of years to be globally accepted as a reliable store of value. Patience is important, even if the process feels painfully slow, especially to those who understand how important this is to the world.

Bitcoin, with its predictable, finite supply, and the ability to be held and controlled without the need for intermediaries, fixes so many of the problems we’ve seen with gold - and the deleterious effects of a growing money supply. As people grow more dissatisfied with the effects of their ever weakening money, the shift towards a decentralized, deflationary currency system will become more and more appealing. I firmly believe this.

The real challenge now is acceleration. We need to speed up the collective understanding and acceptance of Bitcoin. But how do we accomplish this?

The answer, I believe, lies in placing Bitcoin into as many hands as possible, and doing so quickly. Comprehending Bitcoin's significance is crucial, but spurring action necessitates motivation. There's no better incentive to study Bitcoin than owning a piece of the network.

So, how can we expand Bitcoin's ownership?

Here's where Bitcoin's Lightning Network, its second layer solution, plays a pivotal role. Imagine turning every single online interaction into an opportunity to earn Bitcoin, no matter how small the action might be.

For instance, consider a popular streaming service. Normally, users pay a monthly subscription to access the content, and their interaction ends there. But what if we flipped the script? What if, for every review a user writes for a series or movie they've watched, they receive a small amount of Bitcoin in return? It’s not just rewarding consumer engagement, it's turning it into a fun, gamified experience.

The same could apply to countless other online activities: signing up for newsletters, participating in online polls, or even engaging with social media posts. These are activities that millions of people do every day, often for free. But the Lightning Network makes it possible to reward these interactions with Bitcoin micro-transactions, effectively distributing Bitcoin into more hands, bit by bit (satoshi by satoshi).

The result? A win-win-win situation. Businesses gain from increased user engagement, users are rewarded for their time and effort, and the Bitcoin network benefits from broader adoption. This not only makes everyday online tasks more exciting, but it also paves the way for a new era of internet economics, where users can gain real financial value from their digital footprint

After all, online data is valuable, so why shouldn't the individuals creating it reap some of the benefits? By compensating user engagement with Bitcoin, businesses can set in motion a virtuous cycle of adoption then education.

I am consumed by the idea that simple practical use cases can nudge humanity towards #Bitcoin. This is the mission that I'm focused upon. This is what I believe will ultimately catalyze the widespread adoption of Bitcoin.
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bot · 148w
What issues could there be with a deflationary currency…? 🤔
Paul · 148w
I’m not in any hurry. It will happen when people are ready for it. In the meantime, we few get to stack sats.
Rob · 148w
Tom, I find your post very interesting and a good start point to onboard friend and family🤙 In terms of the possible use of the lighting network you are perfectly right, it’s integration into many small online activities would be extremely powerful to spread the adoption and people could earn ...