Founder of Fanfares.io. Nostr is the next layer of the internet. Bitcoin is what stands between us and financial self destruction.
Public Key
npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 Profile Code
nprofile1qqsdkcj7wcm4g09867lx2qjcxndnrzsv0d6mpc3af7u78y3f7kaxlfcrxnme5
Author Public Key
npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 Show more details
Published at
2024-04-14 21:39:58 Event JSON
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"content": "{\"banner\":\"https://m.primal.net/HZZh.jpg\",\"website\":\"fanfares.io\",\"lud06\":\"\",\"nip05\":\"[email protected] \",\"lud16\":\"[email protected] \",\"picture\":\"https://m.primal.net/HZZg.jpg\",\"display_name\":\"Short Simon\",\"about\":\"Founder of Fanfares.io. Nostr is the next layer of the internet.\\n\\n\\nBitcoin is what stands between us and financial self destruction.\\n\\n\",\"name\":\"ShortSimon\",\"displayName\":\"Short Simon\",\"pubkey\":\"db625e7637543ca7d7be65025834db318a0c7b75b0e23d4fb9e39229f5ba6fa7\",\"npub\":\"npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9\",\"created_at\":1713119751}" ,
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Last Notes npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon I have left Twitter! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Yet to discover Bitcoin đ npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Julian Assange is free https://youtu.be/UeKSUNxZvNY?si=HHKDj5cDAGKc9rrS npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon âżREAKING: Reform are now 9 point above the tories in a new poll Labour 35% Reform 24% Conservative 15% Lib Dem 12% https://t.co/nUtyUBnt5W npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon BREAKING: Nigel Farage's Reform Party has announced they will "reject the influence of the World Economic Forum" and CANCEL Britain's membership of the WHO. They are Bitcoiners!!! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon London mayor spends ÂŁ1,000,000 on lingerie and vaginal moisturizer!!! https://m.primal.net/Ilav.mov npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Do you belive that man made climate change threatens to destroy the planet in the next 10 years? https://m.primal.net/IkZr.jpg npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon @npub16wyâŚhy6a Music on boarding https://m.primal.net/IkXq.jpg npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Nostr! https://m.primal.net/IkPV.jpg npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon đ npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Carbon emissions are going to be the negative socal credit that they are going to be monitoring npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon The starting salary for a nurse in the NHS in the UK is ÂŁ28.4k a year The salaray for a Diversity officer in the NHS is ÂŁ96K a year. And people tell you that the NHS doesn't need reforming! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon The term âfar rightâ has become so loosely applied that itâs effectively useless in sniffing out genuine cases of extremism and more often used to slander reasonable people. https://m.primal.net/Ihnx.jpg npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon If you leave you bitcoin on an exchange, then it can be lent to someone that will sell it in the market in the hope that the price will go down. Self custody bitcoin is the only real bitcoin. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon This one is worth watching all the way through https://rumble.com/v4ismm9-the-biggest-political-scandal-in-human-history-candace-owens.html npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Fanfares.io currently working only on Web browser on desktop npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon WHO is taking over! https://x.com/SFiiiiiiiiiiiii/status/1786733266554245510 npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon They own the assets, they have the right to do what they want with them. It is interesting that that ownership structure came as a result of digitisation. When legal title was paper based, one could take possession of it. When your asset is a row in someone else's database, all you really have is a promise. Cryptography enables first person ownership of digital assets in a way that has applications beyond money. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon That is happening and mostly no they don't npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon The ETFs have been suspect from the start. It is no surprise that the Bitcoin ETF is being used as a source of funding for the government. This is how it works: A customer puts money into their brokerage account and buys a bitcoin ETF. The broker buys the ETF from the issuer and the customer can see it on their statement. The customer doesnât really own the ETF, the just have the beneficial interest in the change in price (they own a derivative contract their brokerage) Another customer wants to buy a bitcoin ETF and they put money with the brokerage to pay for it. The brokerage doesnât need to buy another one from the issuer because they can borrow the one that own on behalf of the customer and sell it to the next customer. The brokerage has sold 2 ETFs and they have only paid for one. They put the balance of the money in government bonds and enjoy the interest that they earn. The government does not regulate this type of thing out of existence because this is just one of the operations that creates demand for their debt that enables them to spend more than they earn and to win votes from people that are stupid enough to thing that our economy is sustainable. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Why has everyone forgotten about the possibility that the ETFs are being rehypothicated? Does anyone really believe retail customers would be selling out this early to the level that they outweigh the newcomers? What we are seeing is ridiculous, it can only be rehypothication! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Welcome aboard Arkinox. We are very happy to have you ss part of the fanfares team #note106vâŚz799 npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon It looks like the fight is on for the btc price! The etfs are seeing outflow apparently. Personally, I'm not sure that I belive there would genuinely be net sellers of that product at this stage. People just got exposure to the bitcoin price for the first time in their lives, they are up on their investment and for some reason many of them decide to turn and run. So many decide to get out that they even outnumber the people coming in! Could this be re-hyppthication? A broker can legally borrow a stock that you hold with them and sell it to someone else. The increase in funds that they hold as a result of this operation will, of course, go into government bonds. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon This one is worth watching https://youtu.be/mSxnxuT3IMk?si=X5JTcSn2NelUc0oi npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Before life on earth there was a lot of carbon in the atmosphere. As life evolved over many millions of years, some of the carbon was slowly taken out of the atmosphere and put it into the ground. If this process were allowed to continue without correction, then life would eventually die out because there would not be enough carbon in the atmosphere to sustain life. It is fortunate that a form of life would eventually evolve, that would dig up some of the carbon from the ground and put it back into the atmosphere. Isnât nature great! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon I am with you on this one Jack. The need for changes to enable scaling alone is a justification for a lot of work to be done. #note1zkgâŚu9pu npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon In world where legal professionals are increasing being replaced by computers, one would have to be concerned that they might find some new way to keep themsevles relevant.... https://inews.co.uk/opinion/echr-ruling-climate-action-uk-3000475 npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Welcome Stacy. Nostr is the place of Bitcoiners and eventually the next layer of the internet for the world. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon https://x.com/TiceRichard/status/1777368087404085630 npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon This is great podcast about Vexl https://fanfares.io/player/30da8d233751afe52ab3555849ba1a377944c031b6b22cd86deede6a1fc33f7c npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon This is one brave lady. Take the time to listen to this! https://twitter.com/wideawake_media/status/1776963814656733441?t=Ddc6ge2qQqw46kydpm3HKg&s=19 npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Want to hear about @vexl and P2P #BitcoinâŻâŻâŻ with @satsdisco ? Well, you can get early access with no Ads, intro or outro for 10k sats. https://fanfares.io/player/30da8d233751afe52ab3555849ba1a377944c031b6b22cd86deede6a1fc33f7c npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon The fringe media are losing advertising revenue fast and are increasingly willing to give up control in order to maintain their livelihoods. There is one sector that now dominates TV ads. They benefit from health scares and identity transformations. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Check out this podcast by Daniel Prince https://fanfares.io/player/e26e50c75e8195a6b5a5bda5752f0ddabc3defb4f5112a0416e5e13b5df1c5d5 We are testing a new tech where you an add free version can be paid for. You are effectively buying 5 mins for your time that would normally be wasted by annoying ads! Fanfares.io npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon If you knew who Satoshi was, then would you tell anyone? npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon In the UK election, many people are voting Labour by cause they don't want sunak or the tories. They currently see reform UK as a wasted vote. Reform are likely to flip the tories in the next month or so. When they do, many ordinary working British people will sit up and take notice. They will see that reform represent their views far more effectively than either of the other two parties. The effect will be a landslide, as a large part of the Labour vote switches to reform. At the same time, many of the tories will switch too out of fear of losing their seats. Key reform policies: End gender ideology in schools Less inward migration End climate alarmism and investment in wasteful projects that is making energy bills higher. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon , @shortsimon npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon The world may be like a mirror npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon The next one is scheduled https://m.primal.net/HqFK.jpg npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Pray for the strength to deal with all times npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon the dark Web is anything that Google chooses not to index and so is not visible in their search engine. perhaps we should call it the censored Web? npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon epic couple of films. the first one in particular, really catches the essence of the book npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Happy Easter nostr. Forgive and be forgiven đ npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Happy Easter Nostriches! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon GM Nostr! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon artificial lifeform is a possibility npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Great film about the climate change scam https://rumble.com/v4krzak-climate-the-movie-the-real-truth.html npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Fiat money is a side chain. What happens to a side chain if you take the main chain away? npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Fiat money is a side chain. What happens to a side chain if you take the main chain away? npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon When trading slaves across the Atlantic was the most successful business in the world, the slaves ruled. When banking became the most successful business in the world, the bankers ruled. After the bitcoin revolution succeeds, the bitcoiners will rule the world. From kidnappers, to accountants to forward thinkers. We are evolving! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon it has been confirmed. thanks for your help đ npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon they are being cheap on closing fee provisions npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon 400k sats npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon eternity npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon with that fee I could be waiting an eter npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon it was a channel closing from phoenix npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon if bitcoin is the base layer to a new financial system, then we really are only just getting started!! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon 4ded40fb994ef412f0a11502a4199d3afe42fc73ec46111de26dcfc55fdb5add npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon I tried to sign up, but they put me on the wait list npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon they seem to want me to have an account to do that npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon does anybody have an account at mempool.space? I have a transaction that I need to boost the fee to get through. I've applied for an account and am on the wait list. happy to send the days through to you npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon hey Barry, we have started a Npstr meet up in London. the first event was in December. I have been doing a bit of travelling since then. hoping to get another one organised soon. will keep you updated npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon https://m.primal.net/HhHu.jpg npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon In order to stop Bitcoin, they have to understand Bitcoin. If they understand Bitcoin, then they are Bitcoin. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon When Elizabeth Warren starts buying, that is going to be a good time to sell! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon QE is not money printing What we use as money in the modern world is in fact not money at all. It is debt. When the government does QE it creates more debt notes and it is increasing the size of the total debt. The debt sits as a liability on the balance sheet of the banks. Those banks also hold our savings, investments and pensions. The debts that have been taken on to finance the government deficits are liabilities that are offset against our savings. The more QE the government does, the less our savings are worth. We are paying for excessive government spending with our savings. We vote for the politicians who are most able to successfully pull off this operation without us realising that we are spending ourselves into bankruptcy. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Fiat money is leading us into communism npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Thanks Mayra, I hope you enjoy the pod npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Thanks Derek, it was great meeting you in Costa Rica! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon https://m.primal.net/HZdP.jpgNostr enables publishing without censorship. Until recently, establishing an online identity meant registering with a third-party system, essentially becoming part of their centralised database. For instance, on platforms like the one formerly known as Twitter, user profiles, connections, and content history are stored in the centralised database, with control and ownership resting solely with the platform. This centralised control allows the platform to dictate access, content visibility, and user interactions. If the policies of the platform are contravened, then users may find themselves restricted or completely banned. The time that the user has spent and the work that they have done to build connections and a reputation on the platform will be lost as none of it is transferable to any other internet platforms. The need to adhere to policies and post content that is favoured by the algorithm leads to content creators practicing a form of self censorship. Nostr offers a decentralized native identity that is controlled by the user. There is no censorship or enforced policies, giving users complete control, including the freedom to select their own algorithms. Nostr gives everyone the freedom to leave one Nostr media platform and go to another, taking all information at zero cost to the user. This is very much a game changer in the social media space, but the opportunity is bigger than that, because social media is just one application of Nostr. Any application that currently exists on the internet can be built on this new open decentralised protocol. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Nostr is a groundbreaking development in decentralised communication technology and has the potential to become the next layer of the internet. It empowers users with self sovereign identity, ensuring that they own and control their own data. User profiles on Nostr are easily transferrable between Nostr applications and bitcoin lightning payments are native to the protocol, transforming âlikesâ for posts into tangible rewards for quality work. It offers the potential for a new approach to content monetisation system on the internet, using a system of crowdfunding with micropayments. Creators will have the opportunity to set themselves free from the advertising and subscription models that have come to dominate the internet. The power to control what we see and do online has been concentrated into the hands of a few very large media platforms whose scale and networks effects make it hard to complete. Creators have had no choice but to publish on these platforms where they earn small fractions of one cent per stream. Nostr makes it possible for independent creators to earn revenue from discrete peer to peer payments for content with very low transaction costs. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon https://twitter.com/i/status/1751335036283195491 npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon The Bitcoin ETF is not Bitcoin, it is the promise of Bitcoin. It is a promise that is explicitly never going to be delivered upon. All financial assets are promises, mostly broken ones by design. These cash settled financial assets are all effectively derivatives. That is why we need Bitcoin! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon It seems like ChatGPT has got a lot dummer these days. It used to be brilliant a year ago, now it just seems to tell me to 'go google it' for everything I ask. I have the $20 monthly subscription and it really seems like it just isnt work it anymore. Is this due to the costs that were associated with each search that was being carried out? Was there business model just not viable? Does anyone else know why artificial intelligence has become artificial dumbness? npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Hey all. We are doing a trip to Bletchley Park to see how the computer was invented. I would highly recommend it for anyone that is interested in Bitcoin. https://www.meetup.com/nostr-london/events/297926092/ npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Saifadean has been promoting them for quite some time npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon That is a question that has been asked all my life. Now we have group of people who have claimed that title. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon A system that can't be controlled is the only type of system that won't be controlled. If you have a honey pot of data and attention then there will always be somebody that will want to have power over it. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Please foward to the CCP if you have any contacts there đ npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon The BRICS Currency Solution The BRICS countries want move away from the dollar as an international reserve currency and tool for global trade. This is entirely understandable given the way that they US government are increasingly weaponising the Dollar and the Swift payment system in order to achieve political objectives. No one could condone the actions of Putin in invading Ukraine. Many lives have been lost and the situation is tragic for the people whose homes have been destroyed. However, the US government are potentially overreaching themselves with the sanctions that they have imposed on dollar assets held by Russians. It is a clear demonstration that dollar holdings can be deleted from a bankâs database whenever the US government forces them to do so. This realization has prompted countries and individuals with wealth held in dollars to reconsider the security of their financial assets. In response, the BRICS countries are developing their own reserve currency. However, using existing national currencies like the Chinese Yuan or the Russian Rouble poses challenges. Each of these is a centralized ledger currency, similar to the dollar, and there are inherent risks of devaluation due to overprinting. It is likely that they wonât be able trust each other not to print more of a currency that they control. Also there is a risk of complete loss if there is a dispute with the centralised entity that controls the ledger. Decentralized currencies like Bitcoin offer a potential solution. If the BRICS countries were to adopt Bitcoin for international trade, it would eliminate the need for mutual trust in financial transactions. They would be able to exchange good and services with each other for Bitcoin and be confident that there is no risk of their money being cancelled or inflated away. Some suggest that gold could serve as a medium of exchange among the BRICS nations. However, the logistical challenges and costs associated with securing and transporting physical gold make it a less practical option for facilitating international trade. This would be a dampener on international trade and would reduce the benefits that each country accrues by specialising in the production of goods and services in which they excel. The other alternative is to have some form of digital currency that is backed by gold in a vault, much like an upgraded version of the gold standard that operated during the 19th century. The issue here is that gold has to be stored in a physical vault somewhere and the custodians of the gold would have to be trusted to issue the right amount of digital currency units that are backed by the physical gold. Gold is expensive to audit as the only what that it can be truly verified is by melting it down and recasting it. A selected group of human beings will also have to be trusted to verify that they right amount of gold is being held in the right place at the right time. Throughout history banks have engaged in fractional reserve banking where they print more currency backed by reserve assets than they actually hold. Bitcoin is auditable in a way that is accessible to every man, woman and child in the world that has the Bitcoin address and computer with an internet connection. A block explorer website can be used to see the exact amount of bitcoin held on chain and automatic systems can set up to alert if the assets are moved. Bitcoin is the most transparent and verifiable asset that has ever existed in history and it offers a potential revolution with the creation of a full reserve banking system that can operate independently of any state guarantee. The cost of transferring Bitcoin across wide distances is very small and transactions can be settled in less than a few hours. It is a finite asset that will never be inflated away the cost of securing it is minimal compared with the cost of maintaining bank vaults. This combination of features makes Bitcoin a compelling option for BRICS countries seeking a reliable and independent medium for international trade. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Can We Build A Better Internet? The answer to that question can be more effectively considered when viewed within the context of the history of the development of the internet. Understanding the current state of the internet and envisioning its future becomes clearer when we examine its evolution from a historical perspective. This journey, which has transitioned from the read-only pages of Web 1.0 to today's highly interactive digital media landscape, is critical to comprehend. Reflecting on the major milestones and technological shifts of the internet over the last 40 years not only clarifies how we arrived at our current digital era but also provides insights into potential future developments. In the early days of Web 1.0, the internet was largely a static medium, where user interaction and content generation were minimal. The shift to Web 2.0 marked a significant change, introducing a more interactive experience, with user-generated content and social media taking center stage. This evolution brought about new ways of connecting, sharing, and engaging online, but it also introduced challenges related to data privacy, content monetization, and the centralization of services. By understanding the path that led us here, we can better appreciate why the internet operates as it does today. This historical context is essential for predicting how the digital landscape might continue to evolve, particularly in terms of user interaction, data management, and content creation. The progression of the internet reflects not just technological advancement but also shifts in user expectations and societal norms, paving the way for ongoing innovation and change in how we experience the digital world. The birth of the internet happened decades ago, when Tim Berners Lee come up with the protocol that made it possible for people to share files remotely across telephone lines. He believed in open source technology and chose not to patent the technology. He wanted to give it away and make it free and open thing for the betterment of humanity. Some would argue that we might have taken a bit of a wrong turn over the last 20 years. Many believed that this technology had the potential to democratise the publishing of information by creating an independent alternative to the TV, radio and newspaper companies that had previously dominated. The 1990s marked a period of rapid development and fervent excitement in the realm of internet technology, famously known as the dot com boom. This era witnessed the birth of numerous websites, laying the foundation for what would become today's digital landscape. The growth of these early internet companies was propelled by substantial venture capital investment, driven by the belief that the internet would fundamentally reshape our future. During this time, internet services were often offered for free, under the assumption that profitable revenue models would eventually emerge. The primary strategy for these burgeoning companies was to quickly capture market share, akin to staking claims in a digital land grab, in anticipation of the arrival of a vast customer base. Ironically, despite the investors' accurate foresight about the internet's pivotal role in the future, many faced substantial financial losses. This was largely due to the challenging reality that emerged: monetizing these websites and services proved to be far more difficult than initially anticipated. The dot com bubble burst as this realization set in, marking a significant recalibration in the internet's commercial journey. The idea of e-commerce was already in the air, but the transition from traditional card-based payment systems to their integration with websites was neither simple nor swift. This challenge was compounded by significant security concerns. Every instance of sharing credit card details online carried the risk of data theft, which could lead to unauthorized and illegal use of this information. Meanwhile, advertising companies, which had traditionally focused on selling ad space in print media such as newspapers and magazines, attempted to pivot to this burgeoning digital landscape. However, this transition was met with hesitance and skepticism from businesses. Companies were slow to adapt their advertising strategies to the online realm, partly due to doubts about the effectiveness and reach of online advertising. There was a prevailing uncertainty about the actual number of customers being directed to their services through banner ads, and many questioned the value and return on investment of these digital advertising efforts. The transformation of internet companies from entities reliant on continuous fundraising to some of the world's most profitable businesses can largely be attributed to the advent of pay-per-click (PPC) technology. This innovation revolutionized online advertising by enabling the tracking of user clicks from one site to another. More significantly, it allowed for the collection and analysis of metadata about these users, providing advertisers with invaluable insights into customer behavior. This rich trove of data empowered advertisers to intricately model user behaviors, preferences, and tendencies. They could now conduct experiments with various advertisements across different user demographics, refining their strategies based on real-time feedback and interactions. By doing so, advertisers were able to significantly enhance their targeting effectiveness. The heart of this approach lies in optimizing return on investment (ROI). Advertisers could now direct their resources towards campaigns that resonated most effectively with their target audience, particularly focusing on those likely to culminate in a purchase. This level of targeted marketing was unprecedented, allowing advertisers to concentrate their efforts and resources on channels that demonstrated the highest potential for profit. At its core, profit maximization is the fundamental goal of any advertising campaign. Pay-per-click technology endowed advertisers with a level of knowledge and precision that was previously unattainable. This paradigm shift didn't just alter advertising strategies; it redefined the entire landscape of internet-based business, turning user clicks and data into a new currency of immense value in the digital marketplace. The advertising monetization model, as it has been applied to internet companies, inherently fosters a trend towards centralization. This phenomenon can be attributed to the powerful network effects characteristic of the internet. Larger platforms accumulate extensive user data, enhancing their ability to target and optimize advertisements. This efficiency translates into a higher return on investment for each advertising dollar spent on these platforms compared to their smaller counterparts. Consequently, this dynamic has propelled companies like Google and Facebook into dominant positions, effectively controlling a significant portion of the information flow we see today. Governments have contemplated intervening and introducing legislation to curtail the power of these tech giants. However, the challenge lies in fully comprehending the complexities of this rapidly evolving technology. Additionally, there is an inherent delay in the legislative process, which often means that by the time new regulations are implemented, these agile and innovative companies may have already adapted or pivoted their business strategies to circumvent these new rules. Our current system is the product of a flawed incentive structure, one that has inadvertently led to the creation of an unprecedentedly sophisticated surveillance system. The drive for data collection and storage, fueled by commercial motives, has facilitated the assembly of this vast network. This system, initially designed for business purposes, has transformed into a honey pot that could potentially be utilized by governments for mass surveillance. Given its existence and capabilities, this system presents a convenient opportunity for governmental entities to monitor large populations. As a result, there is a lack of incentive for governments to actively discourage or regulate the data collection practices of these companies. In essence, through the pursuit of commercial gains and efficiency, we have unwittingly made a digital prison for ourselves. The danger is that psychopathic people who wouldnât normally consider a career in government might now be enticed into that profession given the amount of power that they could potentially have at their fingertips. We find ourselves in a landscape where a handful of large tech companies have centralized control over internet services. Platforms like Facebook and Twitter, for instance, hold vast amounts of user data, effectively reducing our personal information to mere rows in their expansive databases. This situation arises from a lack of viable alternatives; we, as users, have handed over our data because these platforms provided unique services without offering us the option to retain cryptographic ownership of our data. In essence, the absence of systems that empower users with data ownership has led to the current state where our personal information is under the control of these tech giants. To redirect the course of the internet towards a model that relies less on mass data collection, we need to develop systems that do not incentivize the accumulation and storage of user data. This shift necessitates rethinking how content is monetized online, particularly moving away from a reliance on advertising revenue, which thrives on user data. The crux of the issue lies in the absence of an effective, native internet payment system. For the internet to evolve differently, there was a need for a mechanism that allowed value exchange directly between individuals (peer-to-peer) without the traditional banking infrastructure. However, creating such a system was challenging, primarily due to the 'double spending problem' â the risk of digital currency being spent more than once. The first notable attempt to solve this was David Chaum's eCash in 1982. Despite its innovation, eCash and subsequent efforts faced various hurdles. It wasn't until 27 years later that a viable solution emerged from the collective work of open-source developers, many of whom were inspired by the earlier work of cypherpunks. This solution reused several elements from past attempts, culminating in the creation of a functioning digital currency native to the internet. Now, with the advent of this native internet currency, the question becomes how we can leverage it to reshape the internet's economic model. The potential applications are vast and varied, ranging from direct content monetization without intermediaries to creating new economic models that prioritize user privacy and data sovereignty. The challenge lies in integrating this technology into existing systems and ensuring its widespread adoption, thereby offering a genuine alternative to the current data-dependent revenue models. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Hello npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon The Bitcoin futures ETFs that were launched 2 years are effectively a short position on the bitcoin price held by the financial institutions. They allow their customers to have long exposure to the bitcoin price, but they own no bitcoins. They are liable to pay out in fiat money for any amount of increase in the BTC price. At some point the entire financial system could get squeezed by an up move in the bitcoin price. It could bankrupt them. Of course the government would bail them out with more printed money. Are we looking at an excellerating endgame for Fiat money? Will Bitcoin be playing a larger part in it than we had ever imagined? Is bitcoin a singularity in the financial system that will suck everything else into it? npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon This is one to listen to while you are at the gym đ https://fountain.fm/episode/CG0oVdoJQdCGtLNgxSqZ npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Does Bitcoin make the difference between digital slavery and digital freedom? Will it help us keep a level of autonomy in the digital realm as algorithms become increasingly effective at influencing us? npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon S&P is down 1% today Gold is down 2% today âżitcoin is up 5% today How things have changed! Decoupling is real âżitcoin is real Everthing else is ............ Please insert your answer in the comments. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Hey @npub1tccâŚyxse I am testing to see if you see this npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon The media call Javier Milei a far right leader because they want to identify him wtih fascists and nazis. A little reading of history will illminate the fact that every government in history has been left wing, as are most of the academics that write the history. The truth is that Milei wants to have a smaller government and give people more freedom to work hard and save money without having it taken away from them. The media in all countries are in fact an arm of the government. That is why they lie about the people that want to reduce the size of the government. The left are promoted as looking after the interests of the people. In reality they look after the interests of the government (themselves). They print more money and use it to fund usless jobs for their friends, for their families, for their mistresses and for their mistresses families. As more and more of the GDP goes to government spending, the people that actually produce the things that we all need, lose their hard earned savings to inflation. Inflation is theft and Bitcoin is freedom! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon This really comprehensive article on the benefits of Uruaguay as a Plan âż destination. I recommend it for anyone that wants to have a foothold outside of the Matrix. https://stacker.news/items/326364 npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon If you want peace in the middle east, then why not send Tony Blair in for the job. After all, he has been so successful at stopping wars there before! https://www.ft.com/content/f140a7f4-2541-4db2-8240-8f13600b3aa0 npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon It is interesting how the world seems to have forgotten that there is a 12-18 month lag between interest rate moves and their effect on the economy. Over the next 12 months we are going to experience the lagged effects of the fastest rate hiking cycle in history. #deflation npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Thanks Lyn. The logarmithmic BTC price correlating wtih the linear M2 quantity suggests that price could go much higher. Some are predicting deflation next year. If that is the case then we could really be off to the races! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon All CDBC issuers will be able to delete units and create more units at will. The dollar is losing trust because they deleted dollars held by Russians and they are creating more for themselves to spend. #âżTC is the only currency that can facilitate international trade without the need for trust. #BRICS npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon If someone asks 'should I buy Bitcoin?' The first thing to do is to learn about bitcoin. When you feel like you know enough to explain to someone else why bitcoin is unique and is the digital currency that has durable value, then you are ready to invest in Bitcoin for the long term. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon No problem. You are right, all market prices are ultimately set by the balance of maringal buyer and the marginal seller. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Bitcoin Merchant Onboarding Merchants in El Salvador are broadly faced with two options, take payment in cash dollars or in Bitcoin. If they take payment in cash dollars then the customer will often leave them the change. I have been in El Salvador two weeks now and I am finding that the bitcoin payment process is rarely making it easy for me to leave a tip. In the USA the POS terminals have been very effectively engineered to have the customer pay a tip. They screen is swivelled around to the customer, where they are presented with the 15, 20 and 25% options. There is an option for âno tipâ, but this is very small and at the bottom of the screen. The system is set up so that the least friction option is to just pay a tip. We need to have Bitcoin payment experiences where the customer is finding the least friction path is to pay a tip to the merchant. If we can do this then we will find that many more merchants will want to adopt bitcoin. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Interesting that you accuse me of thinking in absolutes. Iâm not sure what you are really trying to achieve by saying that. The fact is that exchanges make a lot of money from trade between Bitcoin and other coins. During a bull market the size of their business can be increased by listing new coins and by persuading their customers to pay with their Bitcoin for them. npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon When exchanges get inundated with fiat money coming onto their platforms during a bull market, where do they get the Bitcoin from? They can't buy it from each other, hodl wallets don't sell and the miners don't sell during these times. Where do they get it from? npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon âżetween 2009 and 2013 many cryptographers and advocates of anonymous money looked at Bitcoin and read the whitepaper. They concluded that this was not the solution they were looking for and they decided that it was never going to work. At the peak of $1200 2013, they FOMOed in. When it dropped down to $150 a year later, they decided that their original analysis was correct an they bailed out. To have been there there at the beginning and to now not have any Bitcoin must be a painful cross to bear. âżitcoin humbles us all! npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9 ShortSimon Itâs very hard to get someone to see something that their salary (or status or identity) depends on them not seeing. Upton Sinclair