yaaman

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npub1n0700587vxccg466w8h2a5ethmj2869n2ht0ucrv79rffz663cdqtmr62v

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nprofile1qqsfhl8h6rlxrvvy2ad8rm4w6v4mae9raze4t4h7vpk0z3553ddguxspz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsw9uftm

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relay.damus.io

nos.lol

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npub1n0700587vxccg466w8h2a5ethmj2869n2ht0ucrv79rffz663cdqtmr62v

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Last Notes

2024-09-08 01:45:21

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I think it would be very difficult to achieve something like that, so I believe it's better to use Bitcoin to address individual issues in each region

2024-09-08 01:39:23

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I personally don't think society will change in that way.
Even now, intelligent and moralistic individuals are manipulating stocks and real estate to accumulate vast wealth.
While they are engaged in social charity work, they are also unconsciously hacking harmful systems even more.
Therefore, I believe that what those who feel there is a problem with this should do is to temporarily modify the existing system to a parallel state.

2024-09-07 17:59:47

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1. Maximum Bitcoin supply: Approximately 21 million BTC (actually using 20.5 million BTC for calculations)
2. Current world M2 money supply: Approximately $100 trillion (estimate)
3. Required proportion to function as a reserve currency: At least 20% of global M2 (conservative estimate)
Calculation:
1. Required total value = $100 trillion × 20% = $20 trillion
2. Required value per BTC = $20 trillion ÷ 20.5 million BTC ≈ $975,610/BTC
This means that for Bitcoin to have sufficient liquidity as a reserve currency, it would need a value of about $1 million per BTC (more precisely $975,610).
According to data tracked by ETC Group and Glassnode, entities with no liquidity currently own 14.61 million BTC. Re-evaluating the situation based on this data:
1. Total Bitcoin supply: Approximately 20.5 million BTC
2. Owned by entities with no liquidity: 14.61 million BTC
3. Remaining liquid Bitcoin: 20.5 million - 14.61 million = 5.89 million BTC
Updating the previous calculation with this new information:
1. Required total value (same as before): $20 trillion
2. Liquid Bitcoin: 5.89 million BTC
3. Required value per BTC = $20 trillion ÷ 5.89 million BTC ≈ $3,395,585/BTC
This result reveals the following points:
1. Need for price increase: A value of about $3.4 million per BTC (more precisely $3,395,585) would be necessary. This is about 113 times the current price.
2. Extreme price surge: Compared to the previous calculation ($975,610/BTC), this requires more than a 3.5-fold increase.
3. Accelerated wealth concentration: Wealth would be further concentrated among holders of the 5.89 million liquid BTC.
4. Market vulnerability: The low liquidity could lead to increased market volatility.
5. Accessibility issues: Such high prices would make it even more difficult for average people to own Bitcoin.
6. Increased deflationary pressure: The effective reduction in supply would further intensify deflationary pressures.

2024-09-07 13:17:45

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#nevent1q…xp9c

2024-09-07 13:17:08

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While fiat currencies have their own set of contradictions and issues, such as the risk of inflation due to unlimited supply and potential political interference in monetary policy, the concept of Bitcoin as a global reserve currency faces significant challenges that make it unrealistic in practice.
The primary issue lies in Bitcoin's fixed supply and current distribution. With approximately 74% of the total Bitcoin supply held by entities with no liquidity, the amount of circulating Bitcoin available for global transactions is severely limited. This scarcity would create an enormous and unsustainable deflationary pressure if Bitcoin were to be adopted as a global reserve currency.
To function as a reserve currency, each Bitcoin would need to be valued at millions of dollars, far exceeding its current price. This astronomical valuation would lead to several issues:
Extreme wealth concentration among a small group of early adopters.
Practical difficulties in using fractional amounts for everyday transactions.
A severe deflationary spiral as people hoard Bitcoin, expecting further price increases.
Economic stagnation due to delayed spending and investment.
These factors combined make Bitcoin, in its current form, impractical as a global reserve currency. While it may serve other valuable functions in the financial ecosystem, its fixed supply and current distribution patterns create insurmountable obstacles to its adoption as a primary global currency.

2024-09-07 10:54:57

I believe that Bitcoin can help solve specific problems in various regions, but I can't agree with the Bitcoin standard. There's a discrepancy between Bitcoin's functionality and the rhetoric promoting the Bitcoin standard

2024-09-01 04:40:24

Product and Company Branding Discussion
A brand concept refers to the core beliefs of the brand. When we talk about the brand concept, we mean the MVP (Mission, Vision, Purpose).
Vision, in particular, is crucial.

2024-08-31 15:51:22

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However, since I'm not hiding my own bleakness at all, so the photos leave a very pure impression as works of art

2024-08-31 05:55:32

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That's true, but since yesterday I've been chatting with Palestinian acquaintances living in Gaza. They naturally have no sovereignty as they have no place to live. They need not only a place to live but also human dignity at the same time.
I've been thinking lately about how to connect these issues to my own business.

2024-08-31 03:21:11

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Do you resonate with this opinion? And do you think your friends might resonate with it too?

2024-08-31 03:17:14

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Welcome back.
Even in a Bitcoin Standard world, the wealth gap won't change, and that's a separate issue from the Bitcoin Standard itself.
So, we just have to do what we can now.

2024-08-30 12:30:46

At the root of self-sovereignty lies human dignity, doesn't it? It must come from the context of resisting subjugation to something, so should we build our branding around that?

2024-08-30 04:58:34

Everyone talks about the bitcoin standard, but I can't quite imagine how it will change the quality of life for citizens.

2024-08-27 11:58:04

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Please wait a bit, I'm currently preparing for the crowdfunding of my product. I'll probably do it on Kickstarter.

2024-08-25 01:19:11

I'd like to do a crowdfunding campaign on Kickstarter to raise the budget to develop a titanium ring, is everyone watching kickstarter? By the way, few Japanese are looking at that.
https://image.nostr.build/6679ec1bd1a87f555ddabb93860e900827d20a9f4ebd04bee3f4dace27ae77d7.png

2024-08-25 01:03:27

Do I have to use nostr.build to upload images to nostr? Is there an easier way?
https://image.nostr.build/ab0807ffedcf1aa666076816745b3a0bac9bc5414f65aa16034e608f4c408273.jpg

2024-08-20 14:30:49

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For now, I don't like people who call altcoin users 'shitcoiners'.

2024-08-20 14:27:58

Sometimes Bitcoiners adopt a cynical attitude towards others. Many of them inwardly think, 'How foolish people are not to understand the dangers of the fiat economy.
' This attitude likely stems from their past experiences of being attacked or ignored when trying to promote Bitcoin.
However, isolating themselves in a closed-off world will solve nothing. Ideally, when someone expresses interest in learning about Bitcoin, they should say, 'Thank you for taking an interest in us,' but many Bitcoiners tend to respond with a cynical attitude instead

2024-08-19 11:49:32

Should I start a crowdfunding campaign for my rings on Geyser too?
These aren’t just any rings—they can store Bitcoin!
#nevent1q…t3wa

2024-08-19 11:48:02

With this crowdfunding on Geyser, you can directly support locals doing relief work in Gaza with Bitcoin. I personally donated as well, and I also sent a portion of my ring sales as a charity donation.
https://geyser.fund/project/bitcoinforpalestine

2024-08-18 20:11:29

Recently, I've been thinking only about work and haven't been able to take any photos. I need to create some art soon, regardless of art work
https://nostrcheck.me/media/9bfcf7d0fe61b184575a71eeaed32bbee4a3e8b355d6fe606cf146948b5a8e1a/d6509925b2b1ec052a55ac71024b261539775c5b6524d5e7b3c1d977218f79fb.webp

2024-08-18 06:32:06

The titanium ring I made as a prototype turned out cool!
Why didn't I go with this from the start!?"
https://nostrcheck.me/media/9bfcf7d0fe61b184575a71eeaed32bbee4a3e8b355d6fe606cf146948b5a8e1a/33e0f09668363c2021e63229c8e78807546bd6f7a44e437de1b3e75a1f2c39d7.webp

2024-08-18 01:22:07

Also Japan
#nevent1q…sn6w

2024-08-18 01:17:59

I read this book after being told to do so by Bitcoiners. If I may offer a critical opinion, they are already sufficiently wealthy, yet they continue to advocate for the privilege of individual sovereignty. On the other hand, immigrants and the poor who truly need sovereignty in the real sense cannot obtain it, and Bitcoiners don't even talk about them, which makes me feel their egoism.
https://www.amazon.co.jp/Sovereign-Individual-Mastering-Transition-Information/dp/0684832720

2024-08-17 15:45:22

Kiwi Englishわかんないお
https://www.youtube.com/watch?v=PD2n47lS1zM

2024-08-17 15:34:21

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I'm not discussing such a complex topic; rather, I'm contemplating whether an LLM can replicate the feelings I had when my father passed away

2024-08-17 15:14:44

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Or rather, if AI were to acquire biological death, wouldn't that mean AI could already be considered a form of life?

2024-08-17 15:13:21

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When you think about it, an LLM can approach the concept of death infinitely, but it can never actually experience biological death.
It's like how an object can get infinitely close to the speed of light but can never actually reach it.

2024-08-17 14:39:19

They say that the understanding of one's fate, which comes when the fog clears after truly despairing in life, is something that an LLM can never comprehend.
The more I use AI, the more I feel this. In that sense, AI is incredibly limited.

2024-08-17 09:23:12

A Bitcoiner asked if I could make a ring with the Bitcoin logo, but I think it would be quicker to order one of the many already existing products.
https://nostrcheck.me/media/9bfcf7d0fe61b184575a71eeaed32bbee4a3e8b355d6fe606cf146948b5a8e1a/740ccf016a9896c4336fec08f5fe2c2f66430b110fb0932a04d788d4f08fd284.webp

2024-08-14 15:13:42

1day 1miracle

2024-06-24 15:44:44

The protocol I am currently considering is a wallet application that seamlessly connects the information physically engraved on the ring with Nostr.
This allows for network connectivity while ensuring privacy.
The goal is to establish self-sovereignty as a separate layer from national sovereignty.

2024-06-23 14:55:29

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Hi, I used to sell rings on Bitcoin Seoul, do you remember? I started Nostr today

2024-06-23 13:24:21

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