GM stay stoic stack sats this too shall pass #bitcoin #nostr image
A lot of #Bitcoiners went through a #shitcoin phase before understanding the absolutely mind-shattering #consciousness-bending mathematical Marvel that is absolute #scarcity, and it's potentially catastrophic game theoretic imposition into global #markets. Many people are afraid of adversarial thinking, lack knowledge of how markets price, do not understand #cryptography or it's power and significance to all of our modern infrastructure, cannot fathom anything but #currency as money, lack the knowledge of the last sixteen years of Bitcoin's journey, don't see #Bitcoin as money, think Bitcoin can't be currency, and believe that it will fail. But you know better. That's why you're buying the top forever. You recognize there is one global energy currency that can't be co-opted easily... and that everything else "crypto" isn't worth your time. And that's fantastic. However, The President of the United States is in a shitcoin phase. He is obviously highly intelligent, else he would not be where he is. I think that people have a duty, especially if they have intimate access with this man, to try to help him understand the precipice upon which we now stand. #America can claim the Second Great American Revolution for itself and the world, and lead us to a kardashev type 1 civilization. We can change history. We can liberate the masses. We can bring a global mutual sum game to the default "Norm" of civilization's base layer, replacing a long-forsaken system built on theft and extortion, catapulting us into a new age of #prosperity that is mutually guaranteed due to aligned incentives. We can also watch in horror as grifters and rent seekers try to muddy the waters. If we establish a United States shitcoin Reserve, and allow unregistered securities operators to rug pull the United States economy, it could be devastating for most people And create a very slippery slope to degenerate things that I'd rather not even consider. I'd like to think that we're better than this. I'd like to think that we can take this opportunity that Satoshi gave us, and make the world a better place. And I hope you do too. Thanks to people like @calle @Marty Bent @gladstein @ODELL @jack mallers @Gigi @Jameson Lopp @Lyn Alden @preston and countless unnamed, I found my way out of the shitcoin waters years ago. I hope that together, as a community, everyone who sees the #radical potential of Bitcoin to change the world away from evil and towards the forces of #good... don't let that fire burn out. We must carry and wave this torch and light the way such that generations yet to come retain their Liberty. It is a call larger than any one of us. May you heed it with grace. Tempora mutantur. #nostr #bitcoin #revolution
Grok is the only reason I still use X and pay for premium. Does anyone have recommendations for a comparable, preferably free or under $15/mo option one might use if they wanted to divest from X? Thanks for any suggestions 🙏 #nostr #ai #machinelearning #bitcoin adjacent
A free world needs private money. Period. The entire financial system we have today is permission-based, censorable, and has many single points of failure. In other words, it is built upon trust (which can be betrayed). Bitcoin provides a permission-less parallel system for any individual to build on top of, and Bitcoiners are making privacy in the digital age a reality. Cashu (currently being built on top of the Bitcoin blockchain, and inter-operable with the Bitcoin Lightning network) is one of the most consequential technological developments of my lifetime. The revolution that is currently taking place thanks to Bitcoin is only possible because of over 40 years of brave individuals that believed in building freedom tools without permission even in the face of adversity. David Chaum is often celebrated as a pioneer in the realm of digital privacy, particularly through his invention of "blind signatures" in the 1980s. His work laid the groundwork for digital cash systems that could offer the privacy of physical currency. Chaum's concept of Chaumian mints was designed to allow for anonymous transactions where the identity of the payer is concealed from the issuer of the digital currency. This idea materialized into the eCash system through his company DigiCash, although it struggled with market adoption due to its centralized nature and the technological limitations of the time. In the 1990s, David Chaum's vision of Chaumian e-cash came close to becoming a widespread reality, particularly through his company DigiCash, which introduced eCash. The system was designed to mimic physical cash's privacy and security features, using cryptographic protocols like blind signatures to ensure anonymity in transactions. One of the most promising opportunities for eCash was a potential partnership with Microsoft. Bill Gates expressed interest in integrating eCash into every copy of Windows 95, which could have dramatically increased its adoption. Microsoft reportedly offered around $100 million for the technology, an offer that, if accepted, could have made eCash a standard digital payment method across a vast user base. However, the deal fell through because Chaum demanded $1 or $2 per sold copy of Windows 95, a condition Microsoft found too costly. This negotiation breakdown was a significant blow to eCash's prospects, as integration with Windows 95 could have provided the infrastructure and user base necessary for mainstream acceptance. Despite this and other potential partnerships with banks and companies like Visa and Netscape, DigiCash failed to secure the necessary traction. The absence of widespread merchant adoption and consumer usage, combined with Chaum's insistence on maintaining high privacy standards which might have limited commercial appeal, led to DigiCash's eventual bankruptcy in 1998. While Chaumian e-cash was previously on the brink of becoming a reality, the Microsoft partnership's failure was a critical juncture that significantly impacted its potential success in the 1990s. Today, Chaum's vision is being revitalized within the Bitcoin ecosystem through innovative projects like Cashu and Fedi. Cashu implements Chaumian e-cash on top of Bitcoin, using the Lightning Network for transactions. It enables users to transact with digital tokens that are backed by Bitcoin but maintain user privacy through blind signatures. Unlike traditional banking, where transactions can be traced, Cashu allows for mints to be run by anyone, ensuring no single entity controls the flow of money, thus preserving the privacy and immediacy of physical cash in a digital form. Meanwhile, Fedi leverages the Fedimint protocol to create a federated system of Chaumian mints, where a group of "Guardians" collectively manage the mint. This approach offers a community-based custody solution for Bitcoin, blending privacy with a form of decentralized governance. By using multi-signature wallets controlled by a federation, Fedimint reduces reliance on a single authority, enhancing security and privacy. Both Cashu and Fedi/Fedimint are bringing Chaum's dream of private, scalable digital cash into the modern era, integrating it with Bitcoin's blockchain technology to offer users the control, privacy, and accessibility akin to handling physical cash. Big thanks to @calle `and @Marty Bent for all the work they're doing to make anonymous digital cash a reality.