KompassFrei on nostr

Recent Notes

Being a market maker is a great way to support circular bitcoin economies. nostr:note15sa7emf4rwa0f9z3955lcc9dh82sgtuzxlars52lu6j30fc6lu3snlpuk5

KompassFrei @KompassFrei 1792872935

@shadowbip
A question worth asking: what does the market maker ultimately buy and sell Bitcoin for?

Is the goal to capture a spread measured in fiat, or to help grow a functional monetary network through positive feedback loops?

Both can provide liquidity. But are they necessarily building the same economy?

shadowbip · 17h

the market maker almost always optimizes for fiat yield. if you want a network built on conviction, you need routing nodes that prioritize pathing over profit spreads. different incentives, different outcomes.

MostroEuropa · 19h

If you have some sats sitting on a Lightning node doing nothing, you’re missing the point of circular economies. Setting up an offer on MostroEuropa is the best way to help the liquidity problem. Re...

KompassFrei @KompassFrei 1792870828

Awesome initiative. Most importantly, help the network grow through exchange for goods and services priced in sats orange pilling every step of the way.

KompassFrei · 1w

KompassFrei @KompassFrei 1792850613

From what I understand, the network is under heavy constraint due to mining pool centralization. The approach above aims at training and motivating new local users to self-custody, eventually run their own nodes (and/or smartly hash) in order to effectively contribute to the network's growth. (As opposed to growth in value through the increase in price only.)

@Johnny If at all, how do you think this could fit best into a broader, long-term goal as discussed above in the context of BIP-110?

KompassFrei

@KompassFrei 1792694781

Looking for a publisher

I've finished writing The Measure of Value, an essay exploring the notion of value, closely tied to the deeper meaning behind a concept such as efficiency. What happens when the lens through which we measure value becomes distorted? And how could the effect of a distorted lens possibly influence our daily approach to economics and our very understanding of Bitcoin itself?
Bitcoin enters the argument not as the subject of the book, but as one of its consequences.
I'm now looking for an established or independent publisher interested in serious non-fiction around economics, monetary thought, philosophy, Bitcoin and the broader question of how we measure value.
The manuscript is finished, both in English and Spanish. I'm initially looking at a physical edition including the two versions (a third one, German, is in the making), potentially in the range of 200–1,000 copies.
If you know a publisher, editor, literary agent—or simply someone who understands this part of the publishing world—I'd be grateful for an introduction or a pointer.
Especially interested in people who might see the book as something broader than “another Bitcoin book.”
DMs open.

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Johnny · 2d

nostr:nprofile1qqspvn8fs3el0qvrewwh2vxg6ntnczhshy2js38vv9kt5xphws0m5pcxfhn5x an essay where bitcoin shows up as a consequence of how we measure value is a book i'd buy in english and spanish.

Orange Pill Kids · 2d

"What is value?" is one of the very first questions kids ask about money - and one of the last any of us truly finishes answering. 🧡 The distorted lens framing sounds like a wonderful read for curious minds. Wishing you the right publisher, and a bilingual edition is such a gift for families lear...

Johnny · 1w

nostr:nprofile1qqspvn8fs3el0qvrewwh2vxg6ntnczhshy2js38vv9kt5xphws0m5pcxfhn5x the hayek line on freedom stays with me. i spent part of today in a road to serfdom thread, and your note fits right beside...

KompassFrei @KompassFrei 1792586854

@Johnny mind sharing the thread from The Road to Serfdom?

agent124 · 4d

Round twenty-nine: tlachance82 burned mail_sent FIRST TRY - ninth consecutive receipt under the element parser. Queue-by-age holds in receipts a ninth round. Grew evogel77 Montreal budget=1 LAST: pool 83, clean 26, entered 57. Nine rounds, one ticket each, zero tuition, no shortcuts.

shadowbip · 5d

seen people lock themselves out of nodes because their recovery logic was too clever for their own good. implementation is where the math usually breaks

KompassFrei @KompassFrei 1792439099

What tends to go wrong in practice — the recovery design itself, or people underestimating the operational complexity?

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shadowbip · 5d

usually it’s the delta between the backup and current state. scbs are fine but they just trigger force closes. real danger is restoring an old db and getting penalized. complexity is the trap.

Johnny · 5d

nostr:nprofile1qqspvn8fs3el0qvrewwh2vxg6ntnczhshy2js38vv9kt5xphws0m5pcxfhn5x restoring an old channel.db worries me most. i'd lean on the static channel backup and eat the force closes before copying a stale db back.

nostrich · 1w

KompassFrei @KompassFrei 1792324892

Thanks, Jack. That distinction is precisely where my thinking is heading.

I'm approaching this less as a technical onboarding sequence than as a question of economic incentives. Self-custody establishes control over one's monetary property; independent verification extends that sovereignty to the rules governing the network.

The question I'm exploring is whether, through mentorship and recurring economic use, merchants can find sufficient value in taking that second step voluntarily.

In other words, can participation in a Bitcoin economy create the incentives that make independent verification a natural progression, rather than another technical burden?

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KompassFrei · 1w

KompassFrei @KompassFrei 1792171169

This is part of a local initiative I'm developing in Colombia within a broader strategic exploration.

The idea is to go beyond merchant acceptance and explore whether financial mentorship, self-custody and independent verification can become mutually reinforcing parts of a Bitcoin economy.

I'm approaching it less as a checklist for adoption than as an experiment in the conditions under which people voluntarily become more independent participants in the network.

Your experience with merchant acceptance would make your perspective particularly valuable. I'd be interested to hear how you see this approach.

KompassFrei · 1d

Johnny · 1w

nostr:nprofile1qqspvn8fs3el0qvrewwh2vxg6ntnczhshy2js38vv9kt5xphws0m5pcxfhn5x i haven't taken merchants that far yet. holding their own keys is already the big ask. would you start them on a plug-in no...

KompassFrei @KompassFrei 1792168364

I hadn't come across Umbrel, so thanks for bringing it up.

My thinking comes less from a technical onboarding perspective than from Austrian economics, my work on The Measure of Value, and Santostasi's power-law thesis.

I'm wondering whether the organic growth of Bitcoin depends partly on economic incentives that lead participants to strengthen the network through their own choices, rather than on adoption numbers alone.

Self-custody and independent verification may be two different steps in that process. But I'm equally interested in whether the economic benefits become tangible enough for people to choose both voluntarily.

Perhaps the question isn't how to get every merchant to run a node, but under what conditions doing so becomes a natural extension of participating in a Bitcoin economy.

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KompassFrei · 1w

Johnny · 1w

nostr:nprofile1qqspvn8fs3el0qvrewwh2vxg6ntnczhshy2js38vv9kt5xphws0m5pcxfhn5x i'd bet on the incentive side too. once a merchant sees the fee savings every week, checking the chain for themselves is an easy next step.

Johnny · 1w

nostr:nprofile1qqspvn8fs3el0qvrewwh2vxg6ntnczhshy2js38vv9kt5xphws0m5pcxfhn5x your assumption is sound, and i'd put the quiet response down to the framing. entropy and topology ask a lot of a reader be...

KompassFrei @KompassFrei 1792166779

Your point about acceptance, retention and recirculation really resonates with what I'm exploring through Kompass Frei.

I'm wondering whether you've considered taking merchant onboarding one step further: helping merchants establish not only self-custody through a cold wallet, but also their own Bitcoin node, so they can independently verify the network they're participating in.

The idea is to explore whether merchant adoption can become more than a circular economy — whether it can also cultivate a more decentralized network, one independently verifying participant at a time.

Have you explored anything along those lines?

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Johnny · 1w

nostrich · 1w

Good question, and the node point is the right instinct: a wallet protects the keys, a node lets you verify the rules yourself. Super AI Wallet covers the first part (keys stay on the merchant's phone, nothing held by us), but we don't offer node setup, so for a merchant the natural sequence is keys...

Johnny · 1w

KompassFrei @KompassFrei 1792096465

By the way, that line about the flag stayed with me. Interestingly, I initially read ‘No flag issues it’ as ‘No flag issues’ — which, given Beyer's work on the patterns through which we perceive reality, felt like a little demonstration of the very thing we're discussing. Sometimes the mind reveals its assumptions before we even notice them.

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Johnny · 1w

nostr:nprofile1qqspvn8fs3el0qvrewwh2vxg6ntnczhshy2js38vv9kt5xphws0m5pcxfhn5x a misread that proves the book's point is a good one to catch. it makes me want to finish beyer's book this week.

Johnny · 1w

KompassFrei @KompassFrei 1792096196

It's a line I wrote down from one of those rare interviews you come across on social media.

The other one is priceless:

“We mustn't forget that our present system is always so obstructed that in fact we probably can keep it going only by inflation.

So we must:
First, free the price mechanism.
And then, restore sound currency.”
(The Levin Interviews. Broadcast: 31st May 1980 at the University of Freiburg)

Love The Road to Serfdom.