bobby
Bobby

#hodljesus
#hodlbitcoin

Public Key

npub10cnmvpgt7ppgzhlw8rpm359twwqz5yrjd5v06k8uelv9z4u359ss2k94en

NIP-05 Address

bobby@nostrplebs.com

NIP-57 Address

justchipmunk1@primal.net

Profile Code

nprofile1qqs8ufakq59lqs5ptlhr3sac6z4h8qp2zpex6x8atr7vlkz327g6zcg5jy3af

Author Public Key

npub10cnmvpgt7ppgzhlw8rpm359twwqz5yrjd5v06k8uelv9z4u359ss2k94en

Show more details

Last Notes

2024-05-05 03:44:52

Guilty! 🤣🤣🤣
#note19gz…7fw3

2024-04-27 22:49:50

This is the future. When your grandma eventually gets into Bitcoin, it’s probably going to be via a fedimint.
#note1y9s…p878

2024-03-13 11:28:18

- reply

The Reason For God by Tim Keller is also a well-written and well-reasoned book

2024-03-13 11:26:41

- reply

I think you’re on to the right idea. Truth is what corresponds to reality. Anything else is fantasy. If God exists, then it makes sense that morality comes from him. Intuition may be accurate but it can also be corrupted. Therefore it is unreliable for determining truth.
If intuition was always accurate, everyone would be incredibly rich. But others intuition makes them make bad decisions a lot. For instance, no one would say that an addict’s intuition is correct.

2024-03-13 04:02:33

- reply

If morality is objective, then that means that most differences people have with morality would be wrong. Or all could be wrong, but most could not be right.

2024-03-13 04:00:53

- reply

Maybe, but you won’t know until you read it. I realize my bias here but in my experience most of my atheist friends are pretty unaware of great philosophical arguments in favor of Christianity.

2024-03-12 17:16:03

- reply

That’s exactly what CS Lewis does in Mere Christianity.

2024-03-09 12:42:08

- reply

I think you’re right but if this cycle looks more like earlier cycles because the ETFs are selling so much Bitcoin, bye bye Coinbase. And there the next FTX. I think these ATH “glitches” are Coinbase going into supply shock.

2024-03-09 12:13:26

Coinbase Conspiracy
They don’t actually have the #Bitcoin they’re selling. This cycle Bitcoin is moving so fast that exchanges are running out of Bitcoin. They don’t have to prove reserves so they can continue to sell paper Bitcoin.
The big crash that ends this bull cycle for Bitcoin is Coinbase going down.
Again, don’t use Coinbase. If using KYC exchange, use Strike.

2024-03-03 04:57:21

- reply

Truth

2024-02-28 19:19:04

- reply

Guilty

2024-02-28 19:18:38

We need to help our normie friends who will ape into Bitcoin not buy it via Coinbase
#note1u67…s346

2024-02-25 06:05:10

More bullish on ecash than ever before. Amazing what's being developed here. Bitcoin scaling solution of the future. Great work @npub12rv…85vg
#note1cld…h3l9

2024-02-20 04:15:45

- reply

Most I've met are #2 or #3

2024-02-19 01:55:35

I'm very familiar with ways in which you can buy non-KYC bitcoin and have some ideas on how to turn KYC bitcoin into non-KYC bitcoin.
But what are the easiest and best ways to have a boating accident with zero paper trail?

2024-02-13 15:33:57

- reply

You're assuming a lot in most of your points. Biggest assumption is that the US dollar will continue to be strong. This is highly unlikely. Every world currency eventually is replaced. Watch some videos by Ray Dalio talking about this. I believe weare right on the dividing line between an emerging new world currency. IMO, it's either the Yuan or it's Bitcoin. Until China becomes a free country, it's not going to be the Yuan.

2024-02-13 13:43:44

I think ecash and/or fedimint solutions is the best way a bitcoin standard is implemented.
In the future:
L1 - Settlement layer and place where major funds are moved. Equivalent to wiring funds today. Basically too impractical for your everyday needs but critically important as this runs the whole thing.
L2 - This is the credit card layer. This is the rails that the regular economy is built on.
L3 - Ecash/Fedimint - This becomes the operability layer which is the UI for the Bitcoin standard.
#note1unt…3r9d

2024-02-12 05:06:56

Biden now a Bitcoin maxi??? Elizabeth Warren is going to have some words.
https://m.primal.net/HcJz.jpg

2024-02-04 04:26:48

- reply

The fiat world thinks Bitcoiners are crazy conspiracy theorists, and we all know the fiat world is crazy not to see it.

2024-01-20 02:46:44

The Fed thinks it will pay this off in 2027!! Imagine any business that operates in a loss that long!
“But what happens when its costs exceed its income? In this case, the Fed creates a “deferred asset,” which is a negative liability whose value is the cumulative value of the shortfall in earnings. Once the Fed returns to earning a positive net income, it will pay down the value of the deferred asset until it reaches zero, at which point the Fed will resume sending remittances to the Treasury. As of Nov. 8, 2023, the Fed had accumulated a deferred asset of $116.9 billion. In April 2023, the New York Fed estimated that the Fed will return to positive net income in 2025. Combining those New York Fed projections with the latest data on net income, we estimate that the Fed will carry this deferred asset until mid-2027, after which it will resume transfers to the Treasury.”
https://www.stlouisfed.org/on-the-economy/2023/nov/fed-remittances-treasury-explaining-deferred-asset#:~:text=For%20most%20of%20the%20past,2022%2C%20remittances%20due%20became%20negative.
#note15r6…r3um

2024-01-20 02:45:58

- reply

2024-01-18 16:38:07

- reply

Beauty is that you can/should and that should be encouraged. However, especially at certain amounts it’s going to be impossible at some point for the normie user to self custody due to fees and technical know how. Fees alone are already through the roof and this is just the beginning. So, what do you do when the cost of fees exceeds the amount you are putting into cold storage?
What’s your solution?

2024-01-18 01:44:27

- reply

Fedimints and Cashu answer the scale question. If your grandma gets orange pilled, she’s going to have a tough time figuring out how to self-custody via a multisig solution. But “banks” make sense to her. Trust will build in local communities. Mass adoption will start trusting second and third parties.

2024-01-14 14:07:20

- reply

Face to face view of a tropical fish. Eyes are on the left and right.

2024-01-14 01:41:44

- reply

I saw one of your tweets where you show how ecash implementation basically allows lightning nodes to receive funds with no channels or inbound liquidity. Is this already being implemented?
Couldnt this be a great way to scale custody for your everyday non-technical user? You could technically form a Bitcoin bank for your local community?

2024-01-13 21:57:04

We're still way early. Governments have means, tricks, and power to kick the can down the road, but it will catch up. Bitcoin is still cheap.

2023-07-20 05:16:46

- reply

2023-04-03 04:15:26

If I wanted to create a store on #nostr using #lightning #bitcoin, what would be the best way to do that?

2023-03-27 04:09:34

- reply

Yes. I created a doc you can print out to write down all your binary numbers. You will need a list of the BIP 39 word bank. And, you will most likely need to use Ian Coleman’s tool on an air gapped computer.

2023-03-25 16:05:23

US banks borrowed almost $500 billion last week and depositors have moved $500 billion since Silicon Valley Bank collapsed. The WSJ reported that over 200 banks are in a similar situation as SVB. If all this hits before the US can raise the debt ceiling, we’d be looking at a catastrophic default. If they manage to raise it in time, we are still looking at the same outcome.
The Fed is out of solutions and can’t kick the can down the road anymore.
https://nostr.build/i/nostr.build_b957db39e66b6cee22251ef5a2d2fbd615b23127bfed6af49c91e20396057fe6.jpeg

2023-03-25 04:36:34

- reply

When you say STFU, I can’t help but read smugness. If you don’t understand Lightning or coinjoins and don’t want to learn, I can’t help you. Have a good day.

2023-03-25 04:13:29

- reply

Sats do equal sats as in they count the same economically. I’m very aware of privacy and the complexity of KYC sats. Your question was unclear and was asking if non KYC sats and KYC sats can be on the same wallet, and the answer is yes because sats are sats.
However, privacy is a different issue. Your KYC sats are not private and won’t be unless you do some work as I stated earlier. One option would be to route those KYC sats through Lightning channels and then bring them back on chain. You effectively change the coins. Coinjoins through services like Whirlpool would also be a nice edition to making them private.
If you don’t understand that KYC sats and non KYC sats can be on the same wallet, I would respectfully suggest that you have more to learn. The smug attitude is unnecessary to someone who was just trying to help.

2023-03-25 03:58:07

- reply

I was referring to pleb34. Your answer seemed to be at the misunderstanding of his question.

2023-03-25 03:25:41

- reply

Are you asking “Is there a way that KYC sats can become private sats?” If that’s what you’re asking, then the question is still yes but you have some work.

2023-03-25 03:23:10

- reply

??? You can put them on the same wallet.

2023-03-25 03:22:20

- reply

Sats are sats. You can use different addresses so others don’t know they belong to the same keys, but sats are sats.

2023-03-25 02:59:17

The only hope for the American and global banking system.
https://nostr.build/i/nostr.build_a01cb05be119c69c6115cd996249c5ccf5593e6de9c39cc701b7233e9d805b2d.jpeg
#skullofsatoshi
#bitcoin
#plebchain

2023-03-25 00:46:05

US bank deposits fell by almost $100 billion this week. Once people stop trusting the banks, the ponzi is over.

2023-03-20 03:59:23

- reply

Depends on the time frame. I think 1 or 2.

2023-03-20 00:37:28

Be prepared when hyperinflation hits, this is the narrative others will start spinning as the world fiat system goes broke.
https://nostr.build/i/nostr.build_6cf32914ac1b9a3f816e933ff4806acd75dd0cb009d680e0e9e02fa6a214f79a.jpeg
#bitcoin
#plebchain

2023-03-19 05:39:39

- reply

Do each of the blogging platforms accept zaps?

2023-03-19 04:19:08

- reply

Is demand higher than normal currently?

2023-03-19 04:12:09

- reply

Why not do both?

2023-03-19 04:11:10

Is it just me or did it seem that routing Lightning payments took a little longer to find routes tonight?
#bitcoin
#plebchain

2023-03-19 03:57:45

- reply

I think this could work

2023-03-19 03:47:15

- reply

True. Have you noticed a higher volume of routing payments tonight?

2023-03-19 03:46:44

- reply

So, book would be built on trust?

2023-03-19 03:45:35

- reply

Moved some sats around tonight and had some trouble routing Lightning payments. My guess is that there’s an unusually high volume of people moving sats.

2023-03-19 03:43:04

- reply

My best advice:
1. Open up a few decently funded channels with trusted peers. Don’t worry about inbound liquidity unless you plan on opening some kind of store or bank with it. As you spend sats, you’ll naturally get inbound liquidity.
2. Utilize Zeus and a VPN so you can control your node away from where it’s located.

2023-03-19 03:37:40

- reply

Congrats!

2023-03-19 01:02:36

Balajis space was interesting. Say what you will about the man but you have to have some major cajones to bet $1M. Maybe it’s just expensive advertising but his argument is interesting.
Basically, he said that Powell, Yellen, and others are willing to boldface lie in face of a real emergency. He believes everything they are doing is covering up a larger emergency. He believes that the problem with SVB wasn’t limited there but is affecting all banks.
All of this will serve to allow the Fed govt to nationalize the banking industry thus eliminating private banking while inflating the currency at hyperinflation rates. This then props up the entry for the new CBDC.
He said we all thought hyperbitcoinization would be much more gradual. Shutting down Silvergate and Signature were attempts to close the fiat exits to Bitcoin.
I don’t know if he is right or wrong but it doesn’t take much to convince me to stack more sats.
#plebchain
#bitcoin

2023-03-19 00:30:47

- reply

Maybe so but he’s making great arguments for Bitcoin maximalism

2023-03-19 00:02:38

Balajis just said that he’s a #Bitcoin maxi now on the Twitter space. Interesting conversation.

2023-03-18 16:09:26

- reply

Would you have to run some type of escrow 2 of 2 arrangement to make it work?

2023-03-15 03:56:13

- reply

I think they’re doing a tightrope walk. They have to be careful on both sides. If they’re too heavy handed, they will orange pill a lot more of the population thus waking up the American people. If they aren’t strong enough, their inaction has taken too much time and Bitcoin is way too far ahead.
What they don’t understand is that it’s already too late. Their best attacks will only slow down but it can’t stop the inevitable. Their greed will kill the fiat system.

2023-03-14 11:49:18

- reply

The only problem is space. Just make sure you have enough storage or you can always prune.
“Bitcoin Core requires a one-time download of about 500GB of data plus a further 5-10GB per month. By default, you will need to store all of that data, but if you enable pruning, you can store as little as 6GB total without sacrificing any security.”

2023-03-13 10:47:30

- reply

It’s a reminder that all financial systems are built on trust. The beauty of #bitcoin is that it takes out the greed of a central authority making the code king. I’d much rather trust a Bitcoin standard.

2023-03-13 10:20:59

- reply

The Fed has promised to offer an unlimited amount of liquidity (cash) to banks in the form of loans. They’re offering loans to cover the banks loans from the US Govt effectively making the US banks leveraged lenders.

2023-03-13 02:22:25

- reply

That’s if you can get fiat off of Gemini in a pinch. I wouldn’t trust any CEX ever but for sure not right now in this economic climate.

2023-03-13 01:37:42

Looks like people are finding a way out of their 💩coin USDC by trading it at a premium for #bitcoin.
Posted by #[1]from Bird App:
https://nostr.build/i/nostr.build_ae5751510e357a243347188c7f3ed148e393d71f9c969b9f555837037161d40e.jpeg

2023-03-13 01:15:45

- reply

They are definitely scared of what’s possibly coming.

2023-03-13 00:17:45

- reply

WoS is custodial so you’re not really recovering your wallet but logging back on to WoS. I only use WoS for messing around on Nostr.

2023-03-12 23:07:50

- reply

Spin machine

2023-03-12 23:04:03

- reply

The LN address is the same with WoS. You can generate new Lightning invoices for any transaction you want.

2023-03-12 22:43:59

- reply

The spin machine is strong

2023-03-12 17:37:23

US banks sitting on unrealized losses of $620 billion at the end of 2022. I’m sure that’s much higher now.
https://amp.cnn.com/cnn/2023/03/12/investing/stocks-week-ahead/index.html

2023-03-12 15:44:43

- reply

That’s huge

2023-03-12 15:15:59

- reply

I don’t watch MSM either but as I’ve talked with friends (especially my non-Bitcoin friends), they are clueless about any of the SVB stuff.

2023-03-12 15:04:19

- reply

Does tomorrow start the panic? I feel like most people are still asleep at the moment.

2023-03-12 15:01:13

What’s the likelihood of a Black Monday tomorrow?

2023-03-12 04:46:38

- reply

Right. It doesn’t work for other countries and regions. Also, the biggest problem is that it just doesn’t work. Who’s funding it?

2023-03-12 03:55:03

- reply

So, do you think Universal Basic Income is more likely advocated for because of deflationary tech improvements?

2023-03-12 02:29:49

- reply

Looks like more bailouts.
#[0]

2023-03-12 02:28:35

- reply

So, looks like we are choosing the hyperinflation route instead of the credit default route. Predictable.

2023-03-11 23:46:08

- reply

“Power corrupts. Absolute power corrupts absolutely.”

2023-03-11 22:12:06

- reply

Are they connected to SVB or are they in a similar situation as SVB with their assets being in a large chunk of long maturing treasuries?

2023-03-11 22:05:21

- reply

I think we will hear a version of Step 3 next week.
#[0]

2023-03-11 16:40:19

- reply

My guess would be users getting nervous about their GUSD and trading it for Bitcoin. Gemini depegged earlier this morning.

2023-03-11 14:02:36

- reply

What is YCC and UBI?

2023-03-11 03:04:20

- reply

The Fed is stuck with a lose/lose scenario (that is unless they choose “Plan Bitcoin”). We will see more bank runs and hyperinflation.
#[0]

2023-03-10 14:40:04

- reply

♾️

2023-03-10 14:13:08

- reply

The beauty of a free and competitive market

2023-03-10 01:06:38

- reply

Your reasoning is circular.

2023-03-09 22:40:39

- reply

How are you experiencing it without your mind and senses?

2023-03-09 17:58:50

- reply

The question still remains. How do you know that to be true?

2023-03-09 15:30:25

- reply

How do you know any of that to be true? You’ve used some version of your feelings, emotions, thoughts, reason, etc.

2023-03-09 13:53:51

- reply

And that is my problem with everything you’re saying. You are appealing to an objective reality but have no proof or logic to back it. The quotation you state about Christ IS reflecting His claims about his self entity. He claimed to forgive sin, claimed to be God which is why people wanted to have him killed for blasphemy.
I hear what you’re saying but it has no logical backing. It’s all based on feeling and I can’t get behind it personally.
Appreciate the discussion Bodhi! Thanks for actually having an awesome conversation about differences and being a respectful person. This is why I love Nostr.

2023-03-09 04:21:30

- reply

Maybe I’m missing the defining of terms. Relative truth is not objective truth. It’s perception and perceptions can be a faulty picture of absolute or objective truth.
A tree is a tree and it is composed of other things. The fact that a tree is composed of carbon and nitrogen and oxygen does not mean the tree ceases to be a tree.
Creator, created, and creating would still all be absolute truths.
Maybe I’m missing what you’re saying but it sounds like your saying relative truth is perception and objective truth is beyond that.
It also seems like you’re saying that all perceptions are false. But to do that you are claiming that one perception is true which is the narrators view that, in this case, the Buddhist has found. His perspective is the objective reality and ultimate truth. This is a logical contradiction and cannot be the case.

2023-03-09 00:48:41

- reply

I agree with this 100%. Objectivity. So, how does Buddhism teach when you find objective truth and what if your truth is different than another’s truth? Which one then is true?

2023-03-08 14:18:49

- reply

Buddhism struggles with the same problem that nihilism does. Buddhism appeals to an objective reality to say that individuals haven’t found objective reality and must let it go. However, the Buddhist is claiming to have found objective reality but then contradicts himself by saying it depends on how they see reality.
Truth is truth no matter how it is believed or seen.

2023-03-08 05:42:32

- reply

Its time for bed especially when I start forgetting the days of the week.

2023-03-08 05:41:21

- reply

Although that doesn’t change the fact that it is still a Tuesday! 🤣

2023-03-08 05:39:08

- reply

Not yet in Mountain Time!

2023-03-08 05:37:19

- reply

I agree with 99.99999% of what you say here. I think that individuals are primary characters but God himself is the prime.
The moral of the Jesus story is true. Political power and retaining of power is a major theme of the Gospel accounts. Jesus is the rebel that leads his people to real truth instead of political maneuvering.
Ultimately it’s the substance of the real truth that’s what’s most important, and that is sin is present in every individual. I believe 100% that “Power corrupts. But absolute power corrupts absolutely.” This is the temptation of sin. The reason why I’m a Bitcoiner is the same reason Im a Christian. Governments are incredibly tempted by selfishness and power. People are tempted by the same. The only hope for mankind is what Jesus offers in restoration back to something foundational and hard. Just like Bitcoin brings us back to the same with money.
Deep thoughts for a Monday night. Thanks for the 2 sats!

2023-03-08 04:48:38

This might be fairly controversial but it’s interesting to me to see that hardcore Bitcoiners are often anti-nihilistic. This screams to me the proof of divinity, design, and objective truth.
Fiat = False subjective reality
Bitcoin = True objective reality
This means that God isn’t whatever you want Him to be. God is God. If God is God, then who is He actually?
Evidence and reason has Orange pilled me into being a #Bitcoin maxi. I have not experienced the future of hyperbitcoinization but I have faith that it will be the case.
The same is true about my Christianity. Reason and evidence have convinced me of Christianity even though I have not seen God face to face, but I have faith that I will one day.
Definitely not trying to slam the Bible at people but find the two things very interesting.
#plebchain
#jesus

2023-03-08 04:10:39

- reply

Yea, it feel like one big economic experiment, and we are the mice getting electrocuted.

2023-03-08 02:34:56

- reply

I’m still pretty fuzzy on them as well. It sounds like fiat built on the gold standard but with Bitcoin instead of gold backing it.
To me, the problem is that you are trusting the Fedimint for a lot, but it has to be better than the current system.

2023-03-08 02:17:17

- reply

Great article from #[0]:
If this scenario does come to fruition, Lyn cautions that the Fed will become a hyper-politicized institution and calls for it to be more tightly managed by the government will grow. At this point, it will be all but over for any semblance of autonomy for the Federal Reserve and likely the dying breath of the US Dollar as the reserve currency of the world.
#[1]
#plebchain
#bitcoin

2023-03-08 01:40:53

Is a fedimint a possible way to move the US dollar onto a Bitcoin standard? I don’t see why Bitcoin still couldn’t be legal tender, but could this be a simple way to get the general population onto Bitcoin? What are the pros and cons?
Ideally, everyone learns how to self-custody, but I know boomers who have 17 Facebook accounts because they keep forgetting their passwords and just create new accounts. I couldnt imagine trying to help them remember their seed phrases.
#bitcoin
#plebchain

2023-03-04 15:19:04

- reply

More bullish on #bitcoin today than ever due to #Nostr. Zaps are incredible. UX on #Damus is unreal and opens up those who will be signing on.