bitcoms

https://www.bitcoms.xyz

Writing Bitcoin

Public Key

npub18s6axkw94d57sg438rp7pzf94vn8la4axyvd5f6wnjrgudtw54ps53eqxk

NIP-05 Address

[email protected]

NIP-57 Address

[email protected]

Profile Code

nprofile1qqsrcdwnt8z6k60gy2cn3slq3yj6kfnl767nzxx6ya8fep5wx4h22scprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv5zkh4f

Publishing to

relay.snort.social

Author Public Key

npub18s6axkw94d57sg438rp7pzf94vn8la4axyvd5f6wnjrgudtw54ps53eqxk

Show more details

Last Notes

2024-09-05 16:56:35

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Depends how you’re running Nostr.
In the unlikely you’re using Damus, this is handy.
https://x.com/parachutesbtc/status/1828477921729655188?s=46&t=qlLh5EINT6HUkjNdlRmv1g

2024-08-28 09:32:12

BITCOIN IS THE BANK
Say I pay you using bank ledger money: I instruct my bank; my bank grants permission, updates its private ledger and tells your bank; your bank grants permission, and updates its private ledger.
But if I pay you with Bitcoin, there are only two steps: I make an entry in Bitcoin’s public ledger, and the Bitcoin network confirms the transaction. And that’s it. I’ve sent you the money, and the transaction is complete.
Nothing physically moved: the money stayed where it always was, on the Bitcoin ledger. But now the ledger shows publicly that the money was transferred from me to you. Our names aren’t recorded in the ledger – just our Bitcoin addresses, virtual locations which we control.
We didn’t need banks to hold our money, receive instructions, grant permissions, or transfer our funds by updating their private ledgers.
Instead, we just used Bitcoin’s public ledger. We didn’t need banks at all.
Bitcoin is the bank.
https://www.bitcoms.xyz/bitcoin-is/bitcoin-is-the-bank

2024-08-28 09:26:22

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https://m.primal.net/KRJb.jpg

2024-08-27 12:25:23

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BITCOIN IS MONEY
Money can be one of two things.
It can be a tangible object: I can pay you by handing you a coin or a banknote which we both agree is money.
But if I send money from my bank account to yours, our banks don’t pass each other coins or banknotes or any other physical objects. So how does the money move?
Well, nothing really moves at all. Our banks simply make entries in their ledgers, and we accept these book entries as money. Most money is this second type: ledger money.
As we’ve already seen, Bitcoin is a ledger. And just like a bank’s books, Bitcoin is a ledger which people all around the world agree is money.
Bitcoin is money.
https://www.bitcoms.xyz/bitcoin-is/bitcoin-is-money

2024-08-24 11:41:09

BITCOIN IS A BOOK
About five thousand years ago, people invented writing to keep track of their dealings with each other. This started on clay tablets, and eventually moved onto paper bound into books. In accounting speak, such books have a technical name – ledgers.
With the advent of money came cash books, or cash ledgers. Just think of them as private diaries for money.
Businesses today still maintain their own proprietary cash books. It may be on a computer rather than paper, but the purpose of a modern multinational’s cash ledger hasn’t changed since the paper cash books of old: to record and keep track of payments, receipts, balances and dates.
What’s this got to do with Bitcoin? Everything. Because even though it’s public rather than private, that’s essentially what Bitcoin is: a cash ledger, or cash book.
Bitcoin is a book.
https://www.bitcoms.xyz/bitcoin-is/bitcoin-is-a-book

2024-08-24 08:38:30

GM https://image.nostr.build/bd204ad1acde0b8a01dcfafc56256d824f1005cb0d7489792d08cf21be5be040.jpg

2024-08-24 08:33:47

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Same

2024-08-20 09:52:26

In other words:
IF the US raises corporation tax by a third,
AND that doesn’t scare away any corporate profits,
AND the government eliminates its spending deficit immediately,
THEN it could pay off its debt
EXCLUDING interest
in 350 YEARS. https://image.nostr.build/ae626250d943ad1da7f23619bb6da46bfe27001ed750175d8da3b31cd0422a88.jpg

2024-08-19 15:34:12

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Nice touch with the lamp.
Reminiscent of Alec South of course.
https://www.magnumphotos.com/theory-and-practice/behind-image-alec-soths-two-towels/

2024-07-31 08:18:36

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Looks good

2024-07-30 09:11:55

Writing in the Financial Times (paywall), the Bank of England says stablecoins & CBDCs will make payments efficient and global.
Innovate, tokenisation, efficiency, global: lame reasoning obfuscated by jargon.
The real reasons (not mentioned):
- stablecoins can hugely increase sovereign debt markets
-CBDCs can greatly increase surveillance & control https://image.nostr.build/6b416d1828dda5aa616be3994991eac061819c2b0bd18223c94a401cc51414d4.jpg

2024-07-29 14:49:15

Everything, including stocks snd commodities, has appreciated today, mostly more than bonds.
Regime propagandists need to be more subtle. https://image.nostr.build/2e841f0bfad99d739c6b76268143016e7ff206a740b5b293824de060de0fe304.jpg https://image.nostr.build/c72465fc3dfbc1b3e978644bd3adda1cf4d3e3b54907e60da4fdacd04f665f74.jpg

2024-07-28 15:37:11

Much wisdom here.
The realistic prospect of not being obstructed or persecuted is the big win. #note1n24…te0r

2024-07-28 10:13:37

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Looking tip top.
You running a drone in your comprehensive gizmo array?

2024-07-28 10:03:50

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GM. Where dat den?

2024-07-28 08:38:01

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“Have a good time with your Bitcoin and your crypto and everything else that you’re playing with”
Erm, okayyy

2024-07-21 00:12:18

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Proof of Party

2024-07-17 12:56:04

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No bed. No place to live. Impressive fortitude.

2024-07-05 00:26:57

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Here come the new commies.
Same as the old commies.

2024-07-05 00:24:52

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Pithy analysis.

2024-06-28 14:52:18

Truly inspiring film.
Shows the power of building on Bitcoin with the same decentralised, open-to-all ethos.
Recommended. #note1x3r…dful

2024-06-18 00:05:14

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MANY moons ago, I ate regularly at Muhammad Ahmad in Alexandria. I’d love to get back one day for the fuwl and the shurba.
I doubt the kibda fi sanwish cart is still in Rushdie - those chilli and liver baguettes were sublime.

2024-06-07 17:39:37

“It is important to distinguish between Milei’s supportive stance towards bitcoin and his actual economic policies..”
Good article. #note1026…86gn

2024-06-07 17:32:20

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Great ad.

2024-05-22 17:05:10

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It’s good. But I know you’d prefer the palindromic 69996.

2024-05-10 11:09:25

The flippening.
BTC > GBP
https://x.com/bitcoms/status/1788857857858785774?s=46&t=qlLh5EINT6HUkjNdlRmv1g

2024-04-30 18:38:08

Just been in the baker’s for a loaf. £4.
I remember a woman in there not five years ago who couldn’t believe the price.
“£2? For a LOAF?” she said.
14% annual inflation doubles the price in 5 years.
This is theft, pure and simple.
But it isn’t the baker doing the stealing.

2024-03-28 18:00:24

Big moves in hard assets this month:
Gold ⬆️ 10%
Bitcoin ⬆️ 14%
What does this tell us about the world? https://image.nostr.build/6701282262a626dbc95f91b1ad72b68d4af58281a88d0fd68e0664fe11afd2f5.jpg https://image.nostr.build/36173eabb47c89edfbed6e0d7e64397157bc639f2e755950da6ffe227f77e377.jpg

2024-03-26 17:09:49

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Stating the obvious is suddenly contagious https://image.nostr.build/b6f03797de94049626514f35f156ebab5091d63b2f053edec1fa62d710b1e067.jpg

2024-03-26 08:55:40

Stating the obvious makes headlines in fiat land. https://image.nostr.build/5b9069fe239f18714a515f6dee43c235eedf2bade5014dadc923dabd22fcf318.jpg

2024-03-25 23:20:54

Read to the end. You might feel as ashamed as I do. #note1sdd…a2hj

2024-03-06 18:05:56

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>20 trouble-free transactions with no issues whatsoever I’m afraid.

2024-03-04 12:36:08

Thank you @npub1etg…8n6e
It’s been a blast https://image.nostr.build/d0dc3dfcb41039ded11cb970926c3f69055cab83eaf2b856abf818f0206c5687.jpg

2024-02-28 14:46:47

https://www.youtube.com/watch?v=63ucJmVonAc

2024-01-05 18:47:58

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Great case study, and a good entry point for anyone still believing all the superficial negative nonsense long peddled in the mainstream about Bitcoin and energy.

2023-12-26 18:51:53

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Likewise https://image.nostr.build/23bb67e4f975f8a758d61806fa480d0e03690ac2b374c968764a49dafe474151.jpg

2023-12-17 22:52:28

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Charming.

2023-12-08 12:37:22

Pocket-picking falls to two-year low, survey by pickpockets finds. https://image.nostr.build/73648ccd7cac49a2ce6463284dd8e5dff14cfdc3dc2b7338a1ddbe98a1c70638.jpg

2023-12-07 19:44:47

WHO germ scientists:
“Give us total power over all countries to save humanity”
IPCC climate scientists:
“Hold my beer”
https://www.theguardian.com/environment/2023/dec/07/we-need-power-to-prescribe-climate-policy-ipcc-scientists-say https://image.nostr.build/02d1a8325ce0ccf22da49267aa3dcbf70eec104492df563cd34dba40812952fa.jpg

2023-11-29 00:47:15

Why do you mind your transactions being monitored and vetted? Do you have something to hide?
Why do you mind your posts being monitored and vetted? Do you have something to hide?
Why do you mind your movements being monitored and vetted? Do you have something to hide?
Why do you mind your body function being monitored and vetted? Do you have something to hide?
Why do you mind your speech being monitored and vetted? Do you have something to hide?
Why do you mind your thoughts being monitored and vetted? Do you have something to hide?

2023-11-20 09:38:55

The President-elect of Argentina, Javier Milei, is described in most Western media as “far right”.
Is this accurate, or is it a slur? https://image.nostr.build/43f3ad1d5b09c739e7c92a0c9b9a3b2118c03e74de03f256f156ae496f78e58c.jpg https://image.nostr.build/a34a1802317b728f6392a15c951cfb9630d0fc1d45ea8c417e87cd0a16acb49f.jpg https://image.nostr.build/10a0e3d84585b83bb0a944adaf87775240574c5090cae6565ff334229d5ed867.jpg https://image.nostr.build/6e3ef1b1baf781f19ebb516185cd354f3d8edadeb769b303933233cb7ad04a81.jpg https://image.nostr.build/f6d723c11e4ab74d5178d7da6591ca44c9d7b81fdb55dedd2888f1fe97abbf9a.jpg https://image.nostr.build/17c6bf46c95fa04b9313fd24145bd8c88106b2c44f7ee3e1d5da6d7245d40922.jpg

2023-11-03 09:26:01

https://image.nostr.build/33ca8dadefc882003a2e9bad520c0cc21e6f0e6d84003b145e9b0e3ac2e4631b.jpg https://image.nostr.build/db994be62849c1ce649c91cfb03e6be4263fce57fbc9af63297fd5d3ecc3d11e.jpg https://image.nostr.build/55093cae30b26ee8d414fb0acce0471d95bc543491f355617d77228ff2cf406b.jpg

2023-11-01 09:49:52

https://image.nostr.build/55093cae30b26ee8d414fb0acce0471d95bc543491f355617d77228ff2cf406b.jpg

2023-08-06 17:01:01

How will new capital effect Bitcoin’s dollar price?
"Everything Divided by Seven Million"
#[0]
This riffs on some great existing work (especially from Jesse Myers and Alpha Zeta) and makes use of some valuable contributions from the likes of #[1]
https://bitcoinmagazine.com/culture/the-factors-that-bitcoin-price-models-overlook

2023-07-13 15:01:07

My latest for #[0] is on ordinal inscriptions.
It spotlights the misleading way they are presented, falsely implying that Bitcoin itself enforces inscription ownership (it doesn’t).
https://bitcoinmagazine.com/culture/clearing-up-a-fallacy-about-bitcoin-ordinal-inscriptions

2023-07-09 00:34:38

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Beautiful picture.
Slightly concerned about the tiny charging bison though. http://nostr.build/i/f00544eed9f2ac90782d8959dbd7db1a8c5eba73e2b24af4b0c2bb9e206cda4e.jpg

2023-07-04 09:43:24

⁃ recent gargantuan increases in money supply are still having powerful effects
⁃ interest rate rises may be ineffective, and may even have significant inflationary effects
Unsurprisingly, these obvious points are not even mentioned by the FT in their latest article analysing inflation. https://nostr.build/i/cb4f44606d904ca7fd920c7dac45610604d3b0ed2fd3bb05ffb10974d15307c9.jpg

2023-06-28 12:35:12

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You said 52 on Twitter.
Does that mean Nostriches live a year longer?

2023-06-28 12:32:44

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Quality.

2023-06-28 12:31:56

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I feel your pain.
Just think of the extra sats you might buy if you can avoid spending it all.

2023-06-28 09:28:53

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I’d be interested to see what you’ve based your numbers on.
Could that number be achieved even if all global financial assets were sold for Bitcoin, and all the money in the world moved into it?

2023-06-27 09:27:38

Proof of walk. https://nostr.build/i/0480c907c67cc20cb7434faf2a4b4842144d4ff142aaafaaaafe25ff227a1544.jpg

2023-06-16 13:17:18

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Thanks to #[2] and #[3] for their input and help.

2023-06-16 13:09:05

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Ha ha.
The hardest place to get your ideas accepted is your own household.
My advice? Suck it up.

2023-06-16 12:33:14

The UK Parliament’s Treasury Committee is wrong to conflate Bitcoin and ‘crypto’. Here’s why for #[0]
https://www.bitcoinpolicy.uk/post/bpuk-s-response-house-of-commons-treasury-committee-s-regulating-crypto-report-summary

2023-06-14 19:24:57

Monster report incoming on Bitcoin vs the legacy payments industry from #[0] at #[1]
https://river.com/learn/files/river-payments-report.pdf?ref=blog.river.com

2023-06-11 18:57:38

Presumably a very short article which just says:
“Bitcoin fixes this” https://nostr.build/i/fbfa7f6ba2aff2966c968924a444e023a4c81535667e928d1fd789c6cd140deb.jpg

2023-06-11 18:20:56

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I’ve got an electric drum kit and an Egyptian drum (which might be more practical).
I can hardly play either of them, so there’s a wee bit of time pressure to get competent.

2023-06-11 16:08:24

Are early 2020s US markets more or less volatile than in 1920s Weimar Germany?
In the run up to the 1923 peak insanity of Germany’s notorious hyperinflation, its financial markets were (unsurprisingly) tumultuous.
This is chronicled in Adam Fergusson’s 1975 book, ‘When Money Dies’.
To illustrate the face-peeling volatility, Chapter 5 gives three examples of share prices in 1920, how they exploded in 1921 and then cratered in 1922.
The first example is a car maker, the Daimler Motors Corporation (later Mercedes-Benz):
1921 pump 170%
1922 drawdown 63%
How does this compare with today’s biggest US car-making company, Tesla?
2021 pump 1350%
2022 drawdown 75%
Observation: 2020s Tesla is more volatile than early 1920s Daimler.
Is Tesla just a rank outlier? No.
Facebook
2021 pump 180%
2022 drawdown 77%
Observation: 2020s Facebook is more volatile than early 1920s Daimler.
Netflix
2019-2021 pump 160%
2022 drawdown 76%
Observation: 2020s Netflix is just as volatile as early 1920s Daimler.
It’s often said that history may not repeat, but it often rhymes.
Looking at stock volatility 100 years on, what can Weimar Germany tell us about today’s America?

2023-05-26 12:39:17

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Yeah, ‘revolution’ sounds like a no-no.
A bit of ‘peaceful adoption’ might go down better.

2023-05-25 14:29:32

I wrote a thing
https://www.bitcoinpolicy.uk/post/criminals-are-shunning-bitcoin-not-adopting-it

2023-05-08 09:19:13

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Nicely explained.

2023-05-04 13:48:02

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Entertaining and informative.
Freddie has an unusual background and some original takes on Bitcoin advocacy.
Listen to the end to find out what Bitcoin Policy UK is all about.

2023-04-29 17:43:24

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Not only is this track a comment the state of play today. This is a great album.

2023-04-27 18:28:46

Seen the egregious Bitcoin & 'crypto' hit-piece in today's FT?
See how its misleading narrative was skilfully created by a mainstream journalist using:
- false premises
- weasel words
- uncontextualized numbers
Let's have a quick peek...
https://www.bitcoms.xyz/blog/who-are-the-real-villains

2023-04-25 14:55:45

Bitcoin is non-government money
(From ‘Bitcoin is’, a series to help people understand Bitcoin)
Many people think that money has to be issued by the government. But this is not the case, and it never has been.
First, consider currency. In London, the pound is money, the euro is money in Paris, and Bitcoin is money in El Salvador: all of these are legal tender, endorsed by the respective national governments.
But money can also be whatever currency people agree is money without the government’s say so. The US dollar remains money in Cuba even though the government says it isn’t legal tender, and Bitcoin is widely accepted on the Isle of Man without the government there saying anything much about it at all.
The same goes for banknotes. They are of course often issued by governments via their central banks. But notes have historically been issued by private banks as well. In some places they still are, such as Scotland, where Virgin Money subsidiary Clydesdale Bank (amongst others) still issues sterling banknotes, and Northern Ireland, where (amongst others) Danish multinational Danske Bank does the same.
And what about ledger money, which makes up most money in circulation today? The world over, this is mainly not issued by governments at all, but is instead created by non-government banks such as Banco Santander and Wells Fargo when they make loans. In the UK for example, retail banks such as HSBC and Lloyd’s create around 80% of the money in the economy in this way.
So while some money is government money, most money is not. Yet people the world over still agree it is money.
Similarly, Bitcoin is not government money, yet people all over the world agree it is money.
Bitcoin is non-government money.
Please share to help people understand Bitcoin
https://www.bitcoms.xyz/bitcoin-is/bitcoin-is-non-government-money

2023-04-24 16:09:48

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Estimated by whom?

2023-04-24 15:59:26

https://youtu.be/crkXA_aZvdk

2023-04-24 15:09:34

Bitcoin is the Bank
(From ‘Bitcoin is’, a series to help people understand Bitcoin)
Say I pay you via the bank: I instruct my bank; my bank grants permission, updates its private ledger and tells your bank; your bank grants permission, and updates its private ledger.
But if I pay you with Bitcoin, there are only two steps: I make an entry in Bitcoin’s public ledger, and the Bitcoin network confirms the transaction. And that’s it. I’ve sent you the money, and the transaction is complete.
Nothing physically moved: the money stayed where it always was, on the Bitcoin ledger. But now the ledger shows publicly that the money was transferred from me to you. Our names aren’t recorded in the ledger – just our Bitcoin addresses, virtual locations which we control.
We didn’t need banks to hold our money, receive instructions, grant permissions, or transfer our funds by updating their private ledgers.
Instead, we just used Bitcoin’s public ledger. We didn’t need banks at all.
Bitcoin is the bank.
Please share to help people understand Bitcoin
https://www.bitcoms.xyz/bitcoin-is/bitcoin-is-the-bank

2023-04-24 15:09:31

2023-04-24 15:09:29

2023-04-23 11:20:43

https://nostr.build/i/nostr.build_c00c47a639093f8ec2327791942063fc8ca50d8c512211e27ca3a3d149586df3.jpeg

2023-04-20 17:00:33

Bitcoin is Money
(From ‘Bitcoin is’, a series to help people understand Bitcoin)
Money can be one of two things.
It can be a tangible object: I can pay you by handing you a coin or a banknote which we both agree is money.
But if I send money from my bank account to yours, our banks don’t pass each other coins or banknotes or any other physical objects. So how does the money move?
Well, nothing really moves at all. Our banks simply make entries in their ledgers, and we accept these book entries as money. Most money is this second type: ledger money.
As you may be aware, Bitcoin is a ledger. And just like a bank’s books, Bitcoin is a ledger which people all around the world agree is money.
Bitcoin is money.
Please share this series to help people understand Bitcoin
https://www.bitcoms.xyz/bitcoin-is/bitcoin-is-money

2023-04-19 09:49:20

Further crushing those on lower incomes, UK food “prices rose by 19.2% in the year to March 2023... The annual rate… is the highest seen for over 45 years.”
The UK government’s Office for National Statistics today.
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/march2023

2023-04-17 17:31:51

Bitcoin is a Book
(From ‘Bitcoin is’, a series to help people understand Bitcoin)
About five thousand years ago, people invented writing to keep track of their dealings with each other. This started on clay tablets, and eventually moved onto paper bound into books. In accounting speak, such books have a technical name – ledgers.
With the advent of money came cash books, or cash ledgers. Just think of them as private diaries for money.
Businesses today still maintain their own proprietary cash books. It may be on a computer rather than paper, but the purpose of a modern multinational’s cash ledger hasn’t changed since the paper cash books of old: to record and keep track of payments, receipts, balances and dates.
What’s this got to do with Bitcoin? Everything. Because even though it’s public rather than private, that’s essentially what Bitcoin is: a cash ledger, or cash book.
Bitcoin is a book.
Please share to help people understand Bitcoin
https://www.bitcoms.xyz/bitcoin-is/bitcoin-is-a-book

2023-04-08 01:23:20

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Between user and user ‘in simpatico’ certainly. But perhaps more ‘antipatico’ so far (because that what drives engagement for the centralised platforms).
Between provider and user mainly antipatico too - the opposite of what was hoped for.
Bitcoin fixes this obviously, as other decentralised things (maybe nostr) may also do.
So I’d say Bowie’s vision has not come to pass, but I’m hopeful it will be realised eventually.

2023-04-05 12:16:43

Reminder: Bitcoin is the Bank.
https://www.bitcoms.xyz/bitcoin-is/bitcoin-is-the-bank

2023-03-27 09:29:36

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Great stuff. Love all the ‘90s Waits albums. Bone Machine the pick for me. Underrated period.

2023-03-25 13:08:21

When you strip away all the ‘news’, narratives and propaganda, there’s one thing going on.
CBDC vs BTC.
The rest is noise.

2023-03-24 00:39:21

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In the US, the sudden elimination of the two main crypto-friendly banks and the regulatory attacks on exchanges may suggest the exit closers are fully cognizant of their need for speed.

2023-03-23 13:12:25

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Roya Mahboob

2023-03-21 19:10:32

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https://youtu.be/HljpEfw8M5o
The first part of this is also worth hunting down if you want to listen to the pro-CBDC arguments of the former CFTC head.

2023-03-21 19:07:39

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https://youtu.be/HljpEfw8M5o

2023-03-21 19:06:14

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https://uploads-ssl.webflow.com/627aa615676bdd562bec97cd/63323917980abe78bbe18b52_BPI%20CBDC%20Paper%20.pdf

2023-03-21 15:42:14

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Sounds unlikely. How did you come up with 2.7m?

2023-03-18 11:29:43

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1.2 BTC and counting.
https://blockstream.info/address/bc1qxr4cgy6vxx5r3w5z7ng9x8920vhwm57w2ccfp7xzj3lt3xteuxyqzvjkvy

2023-03-14 09:09:30

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Snow and Bitcoin? Looks awesome.

2023-03-12 16:00:00

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soixante-neuf
https://nostr.build/i/nostr.build_0178ca385e682ea5199d05ef7d45fd0dc04d8205b8e721d32116bdd7b770f510.png

2023-03-12 15:52:21

Reminder:
Companies fold. Governments default on their loans. Stablecoin issuers fail. Banks go bust. These are examples of counterparty risk.
With Bitcoin, there is no counterparty risk.
https://www.bitcoms.xyz/bitcoin-is/bitcoin-is-truly-yours

2023-03-08 22:12:45

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Sounds fantastic. I’m all ears.
If somewhere beginning with N (preferably NQ rather than Northenden or Newton Heath), there’s a nice double-entendre.
Also npub works much better than xpub (which would be downright confusing).

2023-03-08 09:19:52

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That’s my run soundtrack sorted.

2023-03-08 09:14:39

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This is SO true.

2023-03-07 21:41:22

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Instantly reminded me of the Spanish photographer duo Albarran Cabrera.
https://albarrancabrera.com/this-is-you

2023-03-02 23:39:46

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If Bitcoin has a marketing problem, you’re one of the few people making inroads to fix it.