Damus
1984 profile picture
1984
@nostrich

Let's leave the Matrix!

Relays (7)
  • wss://relay.primal.net – read & write
  • wss://purplepag.es – read & write
  • wss://nos.lol – read & write
  • wss://nostr.dlsouza.lol – read & write
  • wss://hk.purplerelay.com – read & write
  • wss://relay.sovereignengineering.io – read & write
  • ws://bugman.mguy.net:4848 – read & write

Recent Notes

1984 profile picture
YOU don't stand a chance to AI when it comes to math, english, physics or chemistry.

YOU stand a chance in psychology, research of different sources, critical thinking, self reflection, history, philosophy and social science. Basically all the stuff that has been downgraded to make the plebs stupid for the last century.

Des Imoto マキシ · 6d
But not guaranteed…can be changed.
1984 profile picture
There have been reasonable voices, arguing for an increase. But, it will naturally not happen by the simple logic, that there would have to be broad consensus between the holders of xmr to devalue their own possessions.

So, no matter how good an argument that would be put forth for finding "the perfect" (mathematicaly) tail emission. This would be a very difficult job, that would have a "cost" for the involved.

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Hanshan · 6d
https://i.nostr.build/5cT84RUH1JnC2jpM.jpg
1984 profile picture
The idea that the monero community should not HODL or use Monero as a store of value. I really have a hard time understanding.

1. The whole idea of deflation seems very constructed (by the FED's who have vested interest in printing money). Yes, if there is rampant deflation you may delay your unnecessary expenditures till later.

2. If xmr = USD 400 or USD 4000 really don't mean anything in relation to spending or affecting the underlying FIAT value of a produce.

3. I would much rather have the community and individuals to HODL up a high price, for nefarious actors or hostile market manipulators to take over. They will create volatility, pumps and dumps so the price setting your goods will be more problematic, not individuals with noncustodial wallets.

3. It hasn't become easier over time to obtain monero. I don't see that on-ramping in five years would make you look less suspicious than today. When enrolling normie's and newcomers, YOU may be their only realistic option to on-ramp with a cash payment.

4. I would rather have an excess of xmr and be able to help out friends of family that may be in need one day (It could be leaving the country or buying meds the doctor will not proscribe them, or just purchases or donations that could hurt them in their public or private affairs).

5. You get your salary in FIAT and they sit in a savings account inflating wildly. Isn't the goal of xmr not to be "digital cash"?

#xmr #monero

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Pana - The Refuge Network State · 6d
Love all this this but honestly we're missing proper fiat to XMR on ramps that are decentralized. The arb on Revolut or Card purchases on Cake Wallet for example, is day light robbery. Maybe you're rich enough, or motivated enough. Normies are not 🫤
Peace K 🪙 · 6d
You have hit the core problem with all crypto currencies. You can earn interest on them.
1984 profile picture
I don't want to spend too much time padding shoulders with someone I agree with. I don't want to spend too much time arguing with someone, who argues from their feelings and not their head. Someone that deny evidence, reasoning or logic for the basis of an argument.

I want to spend time to evolve.

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1984 profile picture
It has always shocked me how much people object to other peoples freedom and independance. How much they judge, how many opinions they have about other people's hair style, lifestyle choices, habits or customs.

The peasants are easily manipulated and diverted away from the root causes of their troubles, to focus on the symptoms they causing instead. As a sewer pump constantly pumping shit into their flat, they are sweeping the floors day and night and preying it will somehow magically stop one day. (If they prey hard enough)

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AU9913 · 1w
I'll repeat "I don't think you understand bitcoin value proposition" Deflation/capped supply is a property that monero can never have, regardless of privacy properties
1984 profile picture
Deflation/capped supply is not by itself a value proposition. My daughters children's drawings before she turned 10 has a capped supply. The world has seen billions of artists and craftsmen through out history. Their capped supply can in very, very rare occasion work as a limitation relatively to demand that will drive up price.

The demand part needs to build on something other than a supply alone. Otherwise the only features it has is attracting and enrolling new participants. The clear definition of a ponzi scheme.

Scurvydog · 1w
Point is, doesn’t have to be a mansion to be taxed
1984 profile picture
In some countries apartments, or specific residential apartments are not taxed.

But, it's beside the point. You can live well in an apartment for $2000/mnt. in most countries on this earth. Even in a western country it should not be a problem to find an apartment for $500/mnt.

You will never be able to avoid taxes, even if you only deal in cash or monero. Taxes will indirectly be included in some of your purchases. You can only optimize.

Scurvydog · 1w
Point is, doesn’t have to be a mansion to be taxed
Aethernal McAwesome · 1w
Mate 16% yearly interest is not a walk in the park. To get that return one will have to be exposed to risky, unreliable assets. Also you should consider 4-5% inflation silently corroding that amount. ...
1984 profile picture
I agree with today's static view you have to invest in Nasdaq 100 technology index to get above 16% percent. Invest in assets like gold, silver or monero.

You also assume that people will not attribute a single dollar to society afterwards. Not, any work, any freelance, any art, any movement that will provide any profit.

But, is that realistic? Will you not always create, help out here and there..?

Thus the inflation of USD 2000/yr would that not either be consumed by any existing pension you may have or work that you provide on your way?