Peyton Allworth

I’m long block wattage and short block reward. 10 minutes(sun) = block reward

[email protected]

Public Key

npub16eqvnxnqmsnn42fk8qkdssujw3z3cp9g49wls8ewjeap3ztwkfyqs0u3m6

NIP-57 Address

Profile Code

nprofile1qqsdvsxfnfsdcfe64ymrstxcgwf8g3guqj52jh0cruhfv7sc39htyjqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsnf2npv

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub16eqvnxnqmsnn42fk8qkdssujw3z3cp9g49wls8ewjeap3ztwkfyqs0u3m6

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Last Notes

2024-08-09 07:24:15

If humans are to gradually be replaced int their contribution of “labor” and Keynesian ideal of mass consumption and fiat is still the main vehicle for economic growth then UBI from government is necessary.
This looks like fake money paid by governments that have a tendency to shut down bank accounts of people and behaviors they don’t like. It means you stay on that hamster wheel forever and they make it harder for you to save the UBI you didn’t even work for. They will have more and more authority of what you buy now you invest and how long your currency holds value because tech deflation and falling birth rates means their Keynesian GDP game only keeps chugging forward if you spend faster and faster.
Your alternative is hard money. Some bullshit GDP number may not work as it used to but you’ll have more access to your things you need cheaper housing more time and more freedom.
The interesting thing is you can choose either world right now both options are just playing out in slow motion.
Zoom out and stack sat. 🫡
#Bitcoin #Fiat

2024-08-07 20:24:27

I am virtually certain this is how #NOSTR and the #Fiat system will play out.
There will be a threshold of users that is needed for a massive shift in our networks. This will happens sooner in some countries and for different reasons.
One country may experience it first because of lack of freedoms online that result in faster adoption. Other countries may lag behind. But after an adoption that is around say half of the people is a achieved a sudden shift will happen resulting in traditional networks we are familiar with that don’t include social media to be distributed.
Nostr is useful as social media too but in a different way. I can post to people who think like me have censorship resistance and even get paid sats for my posts. I also enjoy the content on my feed and learn more here. I however still pay a fee to use a network like Uber or Airbnb, it is not peer to peer and ends up costing us both money. I also have friends who don’t have lightning wallets and most won’t pay me on a network that can allow me to receive sats.
Once a threshold is met however Uber on Nostr would work because enough people would have a npub that they needed for a completely different use case. When that threshold is met Uber drivers will switch because the better incentives. This will happen for just about every closed network that now exists. I’m not sure the order or timing but I strongly feel that a decade is coming where these tech companies see a massive decline in their use case.
When this is happening #Bitcoin will already be eating up their monetary premium and the switch to Nostr will further drive adoption. The easy money to keep the traditional system solvent will of course be ridiculous.
YOU CANT STOP THIS TRAIN OF BITCOIN AND NOSTR AND YOU CANT STOP THIS SINKING SHIP OF A FIAT SYSTEM!

2024-08-07 02:39:02

Testing to see if my network on NOSTR can help:
I’m looking for a remote job to work in my last semester of college. I’ll take anything but am obviously interested in #Bitcoin. Been teaching myself some web development and also have some experience with a SAAS start up using LLMs that I’ve been working on with my only orange pilled friend. To be able to pay rent and get some experience is the goal.
DMs are always open 🧡

2024-08-06 21:02:13

Store your share of economic energy in #bitcoin
Governments can’t take it when you keep it in #bitcoin
When the total economic energy of the world increases your share is now worth more.
That’s it. That’s the cheat code. You don’t need to do anything else.

2024-08-05 22:11:10

#GameTheory explains why animal cooperation is common and why #Bitcoin and #Nostr will ultimately win.
When different species find mutually beneficial interactions, they become more fit for survival and procreation. This cooperation grows and becomes expected behavior.
Similarly, open networks like #Bitcoin benefit participants—whether they are energy producers, consumers, countries, individuals, or even AI. Improved cooperation in these networks drives its success.
#OpenNetworks

2024-08-05 08:30:48

It actually isn’t unreasonable that #Bitcoin can solve half of the world's problems.
Think of the world as a game with rules, decision-making, and randomness in terms of life position. Small variables can have big effects.
Imagine if fossil fuel never existed. How different would your life be today? What path would technology and society have taken instead? This represents a massive shift, similar to removing or adding an element from the periodic table.
Now, imagine adding a massless element indexed at zero on the periodic table. Only someone versed in code would see the solution to the current rules of the universe as adding a 0th element. I believe Satoshi may have thought this.
If this 0th element were added, it would profoundly change the world, especially if designed to interact and alter the existing world. It would have the greatest impact if used as a technology in every exchange (money) and changed how we interact with our environment, mainly in perceiving time and using energy (proof of work).
#Bitcoin #Nostr
https://m.primal.net/JoXD.jpg

2024-07-26 21:50:16

#Bitcoin is the measuring stick that reveals the scam
#note1laz…nw3a

2024-07-26 21:44:25

1. Convince the public owning a home is the American dream, tell them that homes are a store of value, and should be the main avenue in which the public saves their labor.
2. Set up system in which home ownership can be achieved from a mortgage.
3. Expand the money supply via money creation from fractional reserve lending. Yes even mortgages.
4. As people’s homes and wealth is diluted from new housing tax the “gains” that all came from the money expansion.
https://m.primal.net/JfYP.png
https://m.primal.net/JfYQ.jpg

2024-07-24 09:14:24

Everything from the food that gets subsidized to what the government says is a “healthy balanced meal” to science on nutrition is not the government looking out for you but understanding that the pushback they deserve from the public by going off the gold standard can only exist once food is too expensive. The foods pushed by the government and science are chosen because they’re prices are suppressed from subsidies and keep the public docile.
Kings once handed out bread when the public started rising up. Things have not changed.
#bitcoin #fiat #fiatfood #meatsr

2024-07-24 08:27:33

If Bitcoin is 50% of global wealth and it increases to 75% your purchasing power did not raise 50%.
It actually raised 200%.
What if it were to increase to something like 95% of global wealth in a scenario where we go up a kardeshav scale or two?
You and your #bitcoin would get you 1800% relative purchasing power.
Not to be confused with 1800% more stuff but purchasing power of the rest of the “wealth” it can be assumed that the output of the economy in the future also produces much more.

2024-07-24 08:19:32

Bitcoin is buried in #time.
With gold we uncover it buried in the earth. As we uncover more we have to go through greater amounts of materials to get an equivalent amount of gold, but our ability to get that gold also advances.
So long as we can’t accelerate time, and demand for block space exists bitcoin will go up in value forever.
#Bitcoin #timechain

2024-07-23 00:43:26

What are some of the ways the average person will have non kyc bitcoin down the line?
Small amounts from mining to heat their home sure but how do we get the majority of people to have most their Bitcoin not observed by an oppressive government?
#bitcoin

2024-07-15 09:08:49

Micro transactions of a neutral highly divisible money will lead to new incentive structures that makes the promises of the internet from 20 years ago a reality.
It’s not just zaps. You will own your attention and monetize if you choose. New forms of cooperation will emerge. Large groups of people will be able to cooperate and self organize unlike anything seen in history.
#Bitcoin #nostr

2024-07-14 04:40:43

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Thanks

2024-07-14 04:38:33

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How do you find meetups

2024-05-26 20:01:40

When matter is broken up into its smaller components it’s total surface area increases as more of it is exposed.
A money’s divisibility increases its surface are of potential economic transactions just like sub dividing a rock into a million pieces of sand increases its surface area, think sanding down with sand paper vs a singular pebble.
Moneys lack of historic divisibility has prevented obvious and probably other non obvious developments that require micro transactions.
#Bitcoin changes this

2024-05-02 22:23:15

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If increasing block size a small amount would allow for the miners to get more fees in total and lower fees for the average person shouldn’t that be a good thing?
I agree that block size should not be increased at the expense of miner revenue but would think that block size should be somewhere close to where miner revenue is maximized. Open to having my mind changed on this, Satoshi essentially had to guess what would create some scarcity of block size the first decade and after that it’s on market forces.
Open to having my mind changed on this tell me why I’m wrong

2024-05-01 10:43:36

Bitcoin hash price measures computational deflation
#note1tkh…pe2h

2024-05-01 10:42:35

Bitcoin hash price measures computational deflation
#note1tkh…pe2h

2024-04-20 20:23:07

Needlessly chasing money should not be the objective of a life well spent. Many religions touch on this but I think the more modern objection that views money as inherently sinful is a response to fiat, without most people understanding the problem or issue.
#note1els…fhrx

2024-04-20 02:10:49

21 predictions I see happening before the next halving epoch…
1. Another country adopts bitcoin as legal tender
2. Satoshi does not become the richest human on earth, but temporarily gets close.
3. A nation state will announce new approval of Bitcoin after secretly stacking sats.
4. A nation state will demand that any and all of their outsourced energy to neighboring countries be bought in bitcoin.
5. A nation state will make bitcoin legal tender.
6. Micro strategy will reach 210,000 coins
7. A crises will result in unplanned added liquidity in the trillions from the Fed, potentially more than from Covid.
8. Fears of instability will result in quick action and M2 to increase over 10% in a 100 day time period.
9. The story in El Salvador will begin to show clear and obvious signs that sound money creates a flourishing society.
10. A central bank digital currency will not be released in the U.S.
11. Bitcoin will not achieve 1% of global M4
12. Joe Biden will win the popular vote
13. Bitcoin will have its first daily 10k candle.
14. A major crypto company or legacy financial institution will be viewed as a main cause and at fault for causing the bear market and losing customer funds.
15. The AI industry will experience a crash of greater then 50% from all time highs
16. Gold will reach at least $2,500 an ounce and experience a dip of at least 10% while bitcoin temporarily takes some market share.
17. If Biden and Trump debate Bitcoin will be brought up.
18. A company that is currently not a bitcoin company will stack 100,000 coins
19. Bitcoins market cap will not surpass or even come reasonably close to golds market cap.
20. 210,000 blocks will be mined
21. The Bitcoin network won’t go down
Let me know any others you have. Happy halving #nostr !
#Halving #HalvingCountDown

2024-04-15 07:46:51

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Gold failed this century because the ability to move information at the speed of light made gold as final settlement less effective. War filled some of the void left by gold as final settlement. Bitcoin can fill that void and bitcoin mining can even perform some of the power projection that is currently performed by war today!

2024-04-15 07:44:29

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Don’t be too stingy with following over 1k people, unfollow posts if your not vibing with it

2024-04-11 00:26:03

The world is a cooperation GAME
And #bitcoin is a GAME changer
1. Bitcoin makes the cournot equilibrium punish non cooperation more and reward cooperation more
2. Bitcoin’s ledger decreases asymmetric information
3. Bitcoin makes the rules of this game not governed by the biggest bully
4. Bitcoin lowers the time preference of the nation states playing this cooperation game
5. Bitcoin gives an alternative non-violent game for nation-states to compete in via mining
6. Bitcoin brings down the marginal cost of production for location independent energy. Reducing wars over energy
7. Bitcoin demonetizes money printers. Increasing cost to not cooperate and be violent
8. Bitcoin demonetizes rival and excludable energy sources like oil that incentive war
9. Bitcoin demonetizes stores of economic energy that incentivize theft (gold and land)
10. Any other game changers Nostr?
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining #sats #m2 #generationalwealth #cournotequilibrium #powerprojection #hashwar

2024-04-11 00:14:29

Money and financial rails have historically been leveraged by nation-states in the context of warfare by making the money and financial system more rival and excludable. #bitcoin makes this impossible and is a public good even in countries that want to stop it.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining #sats #m2

2024-04-09 11:34:00

Civilizations that have made consumption the focus of increasing GDP doom themselves and rot their culture. In 50 years for example the west has seen the push for consumerism lead to deflation of shit food and junk products when compared to M2 even in nominal terms for some stuff. We get two car garages and fill them with our cheap things we have no use for. Over burdened with expenses, we’ve been forced to work meaningless jobs and become detached from ourselves, families, and nature. All to keep up with the consumption.
With a non inflationary money the main driving variable for economists will be something similar to CPI except it will actually include electricity ⚡️ and it will be deflation not inflation. Humans will find tremendous benefit in saving and won’t have to chase their tail to diversify and invest correctly. As a result consumption of worthless goods will diminish and the efforts and energy that result in deflation will return to real food real experiences and real necessities. Work weeks get shorter, life gets better, renaissance and abundance for 1000 years follows.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining #sats #m2 #CPI #deflation

2024-03-31 09:36:54

#Bitcoin will continue its path towards the worlds dominant store of value and incorruptible property rights.
What will make it used as the dominant medium of exchange however will it’s ability to be superior or the only option in some of society’s markets and transactions. Micro transactions over the internet is going to make this a reality.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining #sats #m2 #generationalwealth

2024-03-25 01:32:08

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Scarcity of the money leads to abundance of everything else.
The willingness of saving the medium exchange as a store of value will simply reduce the number of sats that account for the output of the economy. The incentive to get the deflationary money if you are a human actor or robot/ai will be incredibly high in the short term, you must contribute to bring the cost of production down to do this in a fair economic system.
After you have some sats you buy according to incentives from within rather than ones imposed via inflation. Your consumption will not include unnecessary fiat crap to fill a garage with and will further bring down prices.

2024-03-24 22:54:07

There will be a time after #Bitcoin is the base layer of the global economy where if it has stabilized or only slowly gains more of a % share of all wealth. When that happens the majority increase of spending power of individuals will come from the deflationary force of technology. Based on the amount of M2 increase it takes to just achieve the feds target CPI inflation rate that number will certainly be greater then 10% as it is already around that today.
Even if the deflation rate is just 10% that means that whatever your bitcoin stack you could continuously spend 10% of it for eternity and your living standard would stay the same. Families that spend slightly less of a percentage of their savings when compared to the deflation rate percentage and are able to successfully teach their children and grandchildren to do the same will create a level of abundance hard to imagine for the the grandparents who started spending modestly. The annual spending of these families will honestly be less then the number of sats I can get on a post, it seems ridiculous but mathematically is true.
Generational wealth is now built off modesty, discipline, and a short time preference rather then fiat exploitation and debt.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining #sats #m2 #generationalwealth

2024-03-23 04:34:48

Do Not Repost This.
#note19ds…qae8

2024-03-23 03:47:45

I just want a client where the repost button is called the rehypothecate button…
This post is designed to get zaps*

2024-03-21 17:37:11

10 minutes of hashes ➗ Block reward = Data point to measure the deflation rate of computation.
Few understand 😪
#note1s2c…ywz7

2024-03-21 08:18:06

When attention marketplaces give property rights to users, low transaction costs, and open and available information in transactions then all the traditional social media platforms will gradually loose eyes, value, and a role in our lives.

2024-03-11 21:47:01

Currently building a client with my business partner and more technical friend @npub1jcr…kny3. Would the community be interested in zero collateral yield???
Basically like a savings account with interest but you are 100% in control of your sats. You get distributed sats based on the inherent value your attention has. We are working on this and believe it is an under looked aspect of #nostr
This seems inevitable now and would be a huge breakthrough in the 5000 or so year history of banking, and could potentially be an important feature of post labor economics.

2024-03-09 05:58:59

#bitcoin demands curiosity. The halvings, booms and busts, 24/7 open global market, and the fact that everyone who has put in the proof of work to understand it has their life changed by it.
People who will control a larger share of capital in the future will be those who could let go of their ego, they will be low time preference people who were willing to admit that everything they have been told about history and the world may not be entirely true.

2024-03-08 10:09:14

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Your debt settles in fiat backed by bonds that’s demand is supported by gov printed fiat made possible by more debt. Debt to GDP ratio can’t get paid off and technology being deflationary just cements that fact. The government will devalue your money to pay off that debt, you paying it off can probably wait. Stack some more sats.
https://m.primal.net/HinY.jpg

2024-03-07 07:59:11

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The Egyptian Pound has experienced 60% of its energy being confiscated in the last 24 hours*

2024-03-06 20:16:59

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Measurement stability>Price stability.

2024-03-05 04:02:30

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For me its when governments are forced to give up supporting the housing market. The fiat game ends the way bitcoin started, a housing crises. One of these times though governments will be forced to just let home values collapse into the bitcoin black hole. 🕳️

2024-03-05 03:34:05

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Appreciate it! Appreciate the sats too 🧡

2024-03-05 03:30:28

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At what point have we won??

2024-03-05 03:07:12

The concept that people wanting to continue consumption forever is a keynesian lie…
Under sound money with fair incentives becoming wealthy means you contributed to bringing down the marginal cost of production, or contributed to the adoption of the better economic system by adopting the sound money earlier and for cheaper.
The way in which Bitcoin will make the world a better place because of these two factors is very interesting. Imagine someone with many bitcoins or even just 1 bitcoin 100 years from now. Their wealth far exceeds their consumption and the fact that they don’t spend most of their sats just makes the sats of poorer people worth more. Under an inflationary money wealthy people are incentivized to spend more or invest in assets like homes making home ownership unrealistic for most people.
Charity could start to look completely different. Since wealthy people don’t spend more with sound money a dead persons UTXO does not increase their consumption, but gets primarily distributed to the consumption of poorer UTXO’s. By saving your sats and dying with them you can donate in a distributed way to the network with little of that being consumed by already wealthy bitcoiners.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining

2024-03-04 23:32:51

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Applications that solve the problem of social media using your attention as a product to be bought and sold will be big. People will be able to make posts similar to ads where they can maximize reach to the point at which cost is at equilibrium with what they get zapped in return. Companies that are generally well received for the business practices win.
People creating content can also choose to not maximize reach at no cost but maximize profits. This will be huge for content creators and journalists. Content will also generally shift to what creates the most value since the most important KPI will no longer be click rate or watch time but value provided.
Spam protection will also be big. If an actor human or not wants to reach many people they will either have to value that enough to expend money or the content will have to be valuable enough for users that they can get tremendous reach at no loss of money.

2024-03-04 08:34:19

Testing so I can get on the most zapped in 24 hours on #primal

2024-02-28 10:13:54

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Yea I should probably give myself more time between waking up and going straight to posting 😂

2024-02-28 10:02:47

I accidentally double spended the retweet button on that last post. I need to keep my phone off black and white when on Nostr apparently. Now it’s there forever smh

2024-02-26 23:19:42

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You think those countries will have reserves for such a situation or just the ruling class will have bitcoin?

2024-02-26 21:59:28

In a couple decades there will be countries that have “banned” #Bitcoin only to face energy crises that can only be solved by their energy abundant neighbors. Too bad they only sell their energy in #Bitcoin. Fuck around and find out.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4

2024-02-26 20:56:08

Satoshi probably knew that our current system would not disperse the benefits of the marginal cost of production of just about everything collapsing to zero, so he built the world a money that would distribute those gains and let us save as things become cheaper.
He probably also knew that the thing that would have the hardest time seeing a decrease in marginal cost of production would be energy.
1. Growth in energy use stagnant since 1971.
2. Energy markets are built on non renewable forms of energy that get more scarce as we use them.
3. The entire global financial system is built on the petro-dollar and is not going to let cheap electricity win without a fight.
By making bitcoin mining energy intensive and block subsidies get increasingly smaller Satoshi made it so that countries would fight to make energy become cheaper and cheaper rather than fight wars.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4 #halving

2024-02-26 08:24:32

#Bitcoin is a physics protocol for the internet
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4

2024-02-26 03:50:43

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➗21,000,000

2024-02-26 02:16:35

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If a country regularly has a 100% inflation rate over a year that would equate to a theft rate of half of all time and energy of its citizens being stolen per year. If half of its citizens opted out one year and the government of that country decided they wanted to steal an equal amount of theft as in past years the inflation rate required to do so would be infinity…

2024-02-26 02:02:17

If a government is used to a certain amount of theft in the form of inflation and half of its people opt out and start using Bitcoin then they need to have about 2x the inflation to achieve the same amount of theft as before.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining

2024-02-26 01:28:52

Some of the smartest people in the world don’t see it but there is no path where marginal cost of production approaches zero and we maintain consistent inflation of the main money used by society without the break down of society. I don’t know if countries will forget the fiat system or people will just opt out, in the end I don’t think it even matters. Bitcoin winning is the only path.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining

2024-02-25 07:43:33

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On the bitcoin standard these services would pay users for their data/attention/time.

2024-02-25 06:54:29

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Satoshi created a way for humanity to have live economic data available for the masses. This being apart of the world will prevent famines for as long as the network stays alive and weaken the false arguments of corrupt governments use to impose bad economic realities on it’s citizens.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining #endthefed

2024-02-24 07:08:50

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When more posts though 😔

2024-02-24 06:34:57

#Bitcoin will be a human right.
#Bitcoin just happens to be the first human right that will erode any nation state that doesn’t support it.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4

2024-02-21 10:56:47

Homeownership as the focus of the American dream is propaganda to suppress sound money that began the same decade as executive order 6102. I’m personally waiting for #Bitcoin to not only steal value from real estate as the primary savings technology but for governments to no longer feel the need to prop up its value. I can postpone home ownership longer then this “American dream” can last. And will enjoy my home(s) for what seems like a shockingly cheap amount of sats today.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining https://image.nostr.build/a6c3b0a988f947498e620e1c9b4e7c5d211042901316d92d212c9f0949bbc959.jpg

2024-02-21 10:19:13

To get rich… Stack Sats
To help developing nations… Stack Sats
To solve the climate crises… Stack Sats
To start a family… Stack Sats
To opt out of inflation… Stack Sats
To get back your time… Stack Sats
To be optimistic… Stack Sats
To create a better world… Stack Sats
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining

2024-02-21 09:58:52

Nature does not like monopolies. The systems we built, the very issue is that they go against natural law and create monopolies. We become disconnected and suffer the cycles of civilizational rise and collapse. #Bitcoin is our chance to get back to natural law. A scarce money that is not just tied to the laws of physics but will stop monopolization of industry, lead to decentralization our use of energy, and destroy the monopoly on violence that governments have exploited. We will be less sick, we will be happier, and I suspect back in touch with nature and ourselves.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining https://image.nostr.build/b40c110d7a40d804ef183aeecd4302ce057764c10b058746847848d4568a0551.jpg

2024-02-21 07:21:07

I’m looking forward to the day when Bitcoin miners build their own energy projects, and infrastructure. Populations will follow the abundance that is created in that area. The way we organize ourselves will allow for smaller happier communities and abundance for all.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4 #plebchain #energy #mining

2024-02-20 04:24:40

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This is funny. sats will give individuals the ability to power project and protect their own attention!

2024-02-19 22:37:39

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If society could ever function in anarchy, it seems reasonable that a scarce system of receipts on the rules of anarchy which is physics would be needed. At the very least the minimum amount of forms of rehypothication of money and rules(government) would be allowed to exist, but no more than needed. Rehypothication if expanded from just monetary policy exists in all group hallucinations like government or digital communication where bots can commit rehypothication with information for essential no cost. We are bound to make more than necessary. Bitcoin is the check that makes it the minimum amount necessary for optimal society, individuals can opt out of monetary versions, government versions, and digital versions of rehypothecation using bitcoin. It will changed the relationship to government and social media feeds to a consensual one where we will all have many options in what kind of government or client we want to use/live in. Both will be forced to provide the best experience possible.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4

2024-02-19 22:27:24

Nature exists in a state of anarchy and the only “rules” are those of physics…
Ownership of property is ultimately a game of power projection and all life is in perpetual power projection. Humans are great abstraction machines and are able to avoid this until the cornot equilibrium shifts to be too profitable to attack. Thus the final settlement layer of society is war or power projection. Bitcoin can become that final settlement platform for whatever amount of rules and value are put onto the network if it is 10% of global value it stands to reason that around 10% of power projection will be bitcoin mining. Potentially much more since any amount of power projection should give a reward via mining pools. In war countries must expand a minimum amount of force to achieve their objective and must face repercussions from countries not in favor of their actions. Because of this bitcoin mining will be a more efficient return on investment for power projection. The Carnot equilibrium for attack would completely change as Bitcoin became a dominant asset globally.
If Bitcoin becomes a parrellel payment system and store of value then the world being more at war would increase its value(I suspect market cap must get to at least golds for that to happen). This means that if things did get bad enough that countries wanted to do final settlement in war which appears to be happening more and more, then the value of bitcoin rising would decrease that likely hood.
At this point the system that is the most prosperous essentially wins. Central Banks, politicians, and governments don’t have much say in the matter, this is a fair fight of the petro-dollar system vs a digital store of value system backed by location independent energy. Either a small amount of inflation is necessary for society and bitcoin is a backup system that also allows for development of small nations and levels the playing Feild and keeps the country in charge of printing somewhat in check, or an Austrian economic model is preferred by individuals, bitcoin standard is the winner and disrupts the keysnian model completely.
#bitcoin #nostr #Lightning #ligbtningnetwork #zap #zaps #proofofwork #pov #jasonlowrey #satoshi #war #oil #petrodollar #m4

2024-02-14 23:23:55

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Winning in the fiat system means importing more goods then we export. Countries like the U.S. do this by exporting a currency not goods. Imagine a world where the most productive countries aren’t winning because they export a weakening currency but because they actually are producing a lot of stuff.

2024-02-13 21:45:02

The rise and eventual collapse of societies literally can be simplified to the investing class shorting their own money via investments.
#bitcoin #economics #nostr #discussion #gm

2024-02-13 11:53:31

Egregore: non-physical entity or thoughtform that arises from collective thoughts and emotions.
In a way the first egregore was probably death.
Perhaps power hierarchies but in animals those arise more from the current fear of pain/death or seeking of pleasure related to survival like food or sex. pain is an instinct of the risk of death on the organism. Pleasure is an instinct for the needs to thrive and procreate.
Humans therefore may be the only animals that have egregores and after death the next egregore may of been money.
Money likely existed in some capacity as a belief system equating to energy before agriculture began.
Once we could think more 4 dimensionally(probably from psilocybin induced synthsia) thinking Into the future and the past allowed the concept of death to become an egregore. So did the structure of power hierarchy’s. We think into the future of that social structure. Money or just scarcity of an item can portray the meaning of the structureand peoples place in it. It took proof of work to get the scarce resource on a kings head. Crowns are in all sorts of cultures essentially proof of the power the person has by showing the work they can store that took to get the rare item.
An abstract value system that is collectively believed and would not work without the concept of death and that structure gives predictability in exchange for a tax of energy of the people within the system. Stabler systems tend to prevail and more people believe that egregore that prevailed. Systems or governments want to increase their capture of energy via tax. They will invade and control what they can, especially places with high frequency of trade like shipping ports or places with lots of resources.
The sang “death and taxes” they are the the most persistent egregores of the human story cross culturally and across time periods. I’ve heard Bitcoiners now say “death taxes and bitcoin”.
There is still transaction fees to reward miners it is taxes in a frictionless domain so it takes less energy per trade but it is still the egregore of death and taxes. Only these egregores are immortal in my opinion.
As for the implications of this…
One solution being proposed with Ai is for us to put it into our brains so we “control” it but what if instead it was built onto the most energy consuming and persistent egregore humans have… Bitcoin essentially being symbiotic with the hive mind of humanity via markets would want us to prosper and us wanting the network to do so creating a giant super Intelligent ant colony so to speak that benefits from the super organism that is the bitcoin network.
I think that if we ever have a super intelligent AI as a part of how we work as humans it exists on top of an egregore that needs us to believe in it to stay alive. if it does not help us prosper we stop believing in it, it stays alive by us believing in it. If people don’t believe in it they stop mining stop using nodes transacting int it and saving in it etc. By the economy running on bitcoin we control it as an egregore, an idea bigger than us but we hold the power and so any Ai running on the network would simultaneously be open source, have more access to energy then any other computer network, have all the economic data at its disposal in real time, and be fully incentivized to benefit humanity.
#plebchain #nostr #bitcoin #ai #zap #sat #discussion

2024-02-12 23:43:14

As more capital increasingly becomes knowledge and as more of the capital is recorded on the #timechain economies of the world will see capital depreciation approach zero.
What happens after 1000 years of near zero capital depreciation, perfect saving’s technology that can’t be fucked with, and an exponential increase in our ability to harness energy??? I think it means a trillion+ humans all living in abundance with the freedom to pursue a meaningful life.
Satoshi gave us the blueprint and initial steps to build this future. I’m just grateful to be alive at a time to help build that.
#satoshi #subsidizethis #nostr #bitcoin

2024-02-06 08:33:51

GN #nostr https://image.nostr.build/cccabf233c6d7df58f362009dfc54793fd4d1036f78937fc2a8263f15957cdf2.jpg

2024-02-04 02:27:20

Been thinking of how #bitcoin and #nostr have the potential to lead to technologies that will allow for a universal basic income independent of the state. This seems needed for a post labor economic system.
We can build ways to have advertising revenue go to users and not tech companies. The amount that goes to the company/clients will be a race to zero due to the ease that users can switch to a new client. This will also be able to solve issues with spam.
My question lately though is how can we bias the #ubi to human users over accounts that are bots. How can we make sure that their is not an incentive to make 1000s of accounts that can collect a share of the ubi?
Potential solutions and there downsides…
1. Every human has their own unique finger print or face, could this or other biometric data be used. What are the trade offs here In privacy. There must be potential downsides. Who gets all this data. What about after the person is no longer living, how do we verify that with reduced dependency on centralization? Will it be possible to fake a human finger print or other biometric data?
2. Will systems that distribute ubi be in charge of verifying what accounts are an individual person and deserving of the distribution?
Basically I’m attempting to crowdsource some leads on new areas of information. I’m working on solutions in this area and want to know how we can make the difference in sovereignty of the great grandchild of someone who stacked sats be as close to possible to someone who is born with no sats in their family lineage.
#sovereignindividual #universalbasicincome #asknostr #client

2024-02-01 06:34:21

The halvings will change the time preference of companies.
When on a bitcoin standard in the future or today if your a Bitcoin company you’ll measure your growth in bitcoin not fiat.
Because Bitcoin has cycles from halvings, measuring quarterly growth makes no sense. Rather growth of the company should be measured in bitcoin. Most companies will get smaller each year as we transition to post labor economics. The companies that grow in bitcoin terms will be the ones able to contribute to making their sectors highly deflationary.
As companies time preference moves towards 4 year goals instead of quarterly goals humanity will benefit greatly🧡
#nostr #bitcoin #lowtimeprefrence #halving

2024-02-01 02:30:05

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Money is like a language to communicate value/work over space and time.
Usually the market finds the best money for this but the government has subjected by us by decree to a money that is poor at communicating value over space and time. Imagine your language just changed meaning every day due to federal reserve policy. Communication and anything built on top would become ineffective.
Because of the petro dollar which it’s proof of work is backed by oil and maintained from war is able to be printed at will it is essentially eroding the ability to communicate you work that you give to the economy. If you want to store your labor for the future you are forced to bet in the financial system. Because of this your ability to communicate your efforts to the economy is reduced and some of our best and brightest contributors to society end up in a bloated financial system. https://image.nostr.build/37b375e1643d84372c6a91ee09bacf2af126bd785c3ab347ff7d9e097a6e8d32.jpg

2024-02-01 02:18:30

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It can take a lot of directions. I think I have both agree that Ai will be apart of of the digital space to much greater degree in the future but we can build things in a way that it does not become a negative. For starters we can create obstacles for communication or to be in our feed by people or Ai accounts having to overcome a set amount of value.
Think a wall of energy and bitcoin is the energy to overcome it. We can build energy wall APIs to solve these problems. How that will look will vary on preference, there are lots of ways to do it. This is what cause me to look more closely at #nostr

2024-02-01 02:03:00

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Thanks I’ll be adding that and will make sure to zap you back. 🫶

2024-02-01 01:57:40

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For energy prices over the next ten years I think the prices divert depending on location. Some areas will experience energy deflation as they lean into Bitcoin mining while others will see higher prices as the petro dollar system weakens and wars and trade issues make consistent cheap oil less common.
Some time after bitcoin surpasses the market cap of gold and begins to transition to a settlement layer for nations that have energy grids built around mining you’ll then start to see global energy prices falling and energy use globally trend upwards at a historically very high rate. The world will return to kilowatts per capita rising again. This metric has flattened in G7 countries and slowed to nearly nothing for the rest of the world since leaving the gold standard.
While bitcoin will be a big part of the global wealth in this scenario global wealth itself will be much larger. Just an energy use increase globally of a little over 10% per year would get us to a 50% increase every halving and a type 1 civilization on the kardeshev scale in a 92 year period. 1 #bitcoin in a type 1 civilization will have a lot of purchasing power.
#infinity/21million #digitalenergy #energy #bitcoin #nostr #halving

2024-01-30 10:12:27

How do I set up a wallet so that I can send and receive zaps. New to Nostr
#bitcoinsavesus #asknostr #asknostrdev #grownostr #orangepill #subsidizethis

2024-01-29 23:31:17

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Benifits of the network don’t just dwarf the cost of more carbon being released. It brings down the cost of clean energy and much of the energy that is carbon based(less then half the total energy use of the network) is utilizing waste energy that was already being spent. An example to look at is flaring being used for bitcoin mining.
Even if we start using less carbon based fuels we need to have more energy for poorer nations and have cheap enough energy for both carbon capture and desalination of salt water in the poorest areas in the world. This seemed like an impossible task until bitcoin mining. The faster bitcoin gets to the millions per bitcoin the faster these problems can be solved.
Going down the rabbit hole you may experience these different thoughts along the way
1. I wish bitcoin used less energy
2. The energy it uses is worth it because it’s necessary for bitcoin to be able to solve the problems it solves. Plus it is pretty clean energy for the most part that it uses
3. I hope bitcoin uses more energy, half the world’s energy going to bitcoin mining will make the best future for the next generations. Climate change alarmists are understandably concerned but also have no solution to efficiently pull carbon out of the air or handle the problems of the carbon just staying flat for 1000 years.
Number 3 can make you sound like a wacko to people who have not put in the proof of work though 🫠

2024-01-29 08:29:35

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If people just understood that the properties of bitcoin and it’s stock to flow will surpass gold and real estate soon they would have their savings in bitcoin not be 0% of their portfolio. I don’t think most people will ever know or care. It will be applications that get bitcoin to the millions. The applications will be different because the properties of the native currency. That and fleeing the old system will drive the adoption.

2024-01-29 08:17:31

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Here is a pricing model for assets based on their respective stock to flow. You’ll notice it tracks pretty spot on with a straight line on a power law basis. Real estate however has a premium of value, perhaps as the most scarce thing it captures more value or because it is essentially subsidized by the banking industry. Even if those aren’t true real estate has major draw backs as a store of value.
- not fungible
- is trapped in its original location
- subject to ongoing expenses and taxes to maintain
Despite this it still has a premium as the most scarce. Due to bitcoins preprogrammed halvings though it will surpass both gold and real estate. Potentially reducing the function of both in a portfolio meaning…
- countries that hoard gold loose to bitcoin hodling countries like #elsalvador
- central banks will have to print even more to prevent a collapsing housing market.
Bitcoin is essentially attacking the fiat system by exploiting the problems it stands to solve.
#stocktoflow #powerlaw #subsidizethis #nostr #gold #realestate #bitcoin https://image.nostr.build/73795492a87dbebbec29351ae850bda2d579f24a2019dcbd055c4859997a5bf6.png

2024-01-29 04:57:36

Ideas are capital.
That capital has been bound up with social media networks. The world tends to go through massive changes when we can better get a return on that capital. #Nostr and #Bitcoin will be the printing press of the 21st century.

2024-01-27 22:02:33

@npub16eq…u3m6
What would the world look like today if we discovered location independent energy demand in year 9 rather then 2009?

2024-01-27 21:59:09

@npub16eq…u3m6
Bitcoin mining creates location independent energy demand. Cheapest energy wins and gets cheaper by economies of scale.
Because of this…
When you build applications on Bitcoin you don’t just solve a problem or bring down the market equilibrium price with your product or service.
You don’t just help the unbanked bitcoin bag holders getting pulled out of poverty by their bitcoin savings.
You increase the energy consumption of the Bitcoin network, helping us get to a future where abundance of energy orders of magnitude above today is available to everyone.
The most efficient way to help make the 🌍 a better place is to #stacksats and #buildonbitcoin

2024-01-27 12:04:02

@npub16eq…u3m6 Bitcoin is the new CPI
-CPI will be looked back on as being a federal reserve scam.
-It is adjusted to be filled with things that money printing makes cheaper like corn rather then a grass fed steak. Therefore it does not measure cost of living expenses but rather cost of living expenses for a worsening quality of life as incentive structures get broken. If your stubborn about maintaining certain things of quality that existed in past generations before today your inflation rate is higher then what the fed claims it to be.
-A Bitcoin based economy can measure inflation or rather deflation accurately in a impossible to manipulate way in the two worlds that we will have, physical and digital.
Physical: inflation or deflation can be measured over periods of time by comparing the formula for energy value of 1 Bitcoin.
10 minutes of energy used by the Bitcoin network ➗total block reward = physical value of 1 bitcoin at time of being mined.
Digital: inflation or deflation can similarly be measured over periods of time by comparing the formula for computational or digital value of 1 Bitcoin.
Average hashes used by the Bitcoin network for 1 block➗total block reward = digital value of 1 bitcoin at time of being mined.
For example, if the Bitcoin network never used more energy, the block reward stayed the same rather then decreasing, and new technologies to make production of new goods and services more efficient stopped being produced then the physical economy would have a 0% inflation rate.
If Moores law continued as is the digital economy would experience deflation. Digital deflation can happen without physical as it is today but when both are happening at the same time things will begin to look very different.
What happens when Bitcoin mining itself incentivizes the very variables that will drive hyper deflation in the physical and digital when most the world is on the opposite fiat system?

2024-01-16 09:00:50

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A proof of work scarce digital store of value that no one controls would be a winner take all game. There will not be other proof of works with significant portions of global use. It is inevitable that it would become a way to escape being unbanked, then mild inflation protection, then used in cross boarder settlement, then used for sovereign individuals to subject other actors to natural law in a digital space. Right now the transition from unbanked to being used for escape from just mild inflation is just starting.

2024-01-16 08:59:06

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Digital: Technologies using bitcoin base layer and lightning will allow people to subject others to physical constraints over a digital space. This will be used via divisible units of bitcoin. Lightning has not been properly thought of as a way to subject the implications of natural law to people over the internet but it will give people the ability to choose that whenever they want/need to.

2024-01-16 08:58:20

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You should own and save in bitcoin for the two worlds we will have in 20+ years
Physical: In 20 years a block reward will be less bitcoin and exponentially more watts will be used to mine it. This is important because the main input cost to anything physical is energy.

2024-01-16 08:54:49

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It’s tied to energy, the value is the wattage used for the reward and the network will use more and more energy and the reward will become less per block over time.

2024-01-16 08:54:11

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Measuring bitcoin In any fiat is just noise. Bitcoin is the perfect measurement stick, its units are locked like inches in a foot are always 12. There is actually a lower likelihood that bitcoin would stop being 21 million then a foot stops being 12 inches in the next 1000 years.

2024-01-16 08:52:28

Measuring bitcoin and why you should have some…