blueshoyru
Blue Shoyru

Screen Names, Finance, Freedom, Bitcoin

Public Key

npub12aslw9lf7jkmhag67sxty7g0q6lqvnmk2gvnhgmqaf42pwsflmasjxrgqt

NIP-05 Address

blueshoyru@nostr.directory

Profile Code

nprofile1qqs9wc0hzl5lftdm75d0gr9j0y8sd0sxfam9yxfm5dsw564qhgyla7csuxpjk

Author Public Key

npub12aslw9lf7jkmhag67sxty7g0q6lqvnmk2gvnhgmqaf42pwsflmasjxrgqt

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Last Notes

2023-05-12 11:22:31

The fee market today sucks! The fee market in the future will suck more. In the future you likely won’t ever touch the bitcoin base layer
Something like Visa will act as another layer 2 for bitcoin. Lightning will also exist and be dominant, but won’t be the only option.

2023-05-10 11:34:19

It sucks that transaction fees are so high… but thank goodness fees are so high!!! Bitcoin block space is a commodity!
This will strengthen the base layer and layer 2s! You can’t stop ordinals or inscriptions, they are a waste of space, but this too will fall by the wayside like Satoshi dice. But unfortunately this will probably fade away because fees will be higher in the future

2023-05-09 10:28:40

I hate when people talk about we “should” do as a society when it is entirely impractical or infeasible. Why no not talk in realistic terms

2023-05-08 23:30:39

Words matter - don’t lie

2023-05-08 20:29:48

This was a headline on MarketWatch, “Bitcoin tumbles as Binance paused
withdrawals twice”
We are sooooooo early…
Almost no one understands the fundamentals of Bitcoin

2023-05-08 20:25:13

Knowledge mining! It’s superior to fiat mining, the knowledge stays forever and doesn’t deflate
It may be better than bitcoin mining, but I’ll certainly be poorer! Lol

2023-05-08 19:28:35

Never stop getting better! I am going to mine fiat harder next year then I am this year! more to BTC

2023-05-08 19:26:41

What is everybody learning these days? What are you studying in your free time
Never stop learning! Always Advancing

2023-05-08 17:18:36

As a culture we are facing:
-an education crisis
-a health crisis
-a crisis of faith
-a crisis of money
-a crisis of identity
Our society does not need to be told what is right and wrong, we need strong everyday people to speak the truth and not fear being cancelled or called down.
Speak the truth and do not be disparaged

2023-05-08 01:35:56

How are people content paying these fees for shitcoinery 😵‍💫

2023-05-08 01:03:36

- reply

I do, but it doesn’t teach them anything about self custody which important

2023-05-08 00:11:35

These high fees are making it more expensive to orangepill people
I passed off a paperwallet yesterday rather than sending an on chain transaction… fee less transaction (as long as I don’t choose to rug my friend)

2023-05-08 00:08:39

If you own #Bitcoin today you will be remembered by your friends and family as someone who saw it early! Grandkids will tell their friends that their grandparents owned bitcoin in 2022 and before. We are a rare few

2023-05-07 13:39:58

Over 200sats/byte 😅
Sucks for my low denomination on chain bitcoin

2023-05-06 17:49:29

We are all exceptionally fortunate to be the first to find #bitcoin
I found it because of the lessons my father taught me… but I did not choose my father, I was fortunate to have the father I did!
All that to say, recognize how lucky you are that you found bitcoin while others didn’t. Be patient with everyone else as they come around to the idea

2023-05-06 02:57:14

Write a straight fire post about #bitcoin truth -> 21 sat zap
Post any meme -> 2100 sat zap

2023-05-05 21:06:59

#Bitcoin is THE intermediate good that is extrinsically valuable = pure economic energy

2023-05-05 21:04:20

Money is the Intermediate good. Ideally money has no alternative uses or value outside of its extrinsic value as an intermediate good. It is difficult to ascertain how much value is being attributed to the store of value aspects of Gold as opposed to the demand for its alternative uses. #Bitcoin is a more pure intermediate good.

2023-05-05 18:08:49

Money is an intermediate good, it is not the thing that is actually desired. People want money because it will desire fulfill present and future wants that they may or may not have today.

2023-05-05 10:58:14

Money should not be inflationary or deflationary. Both can create bd side effects. Money should be neutral in its number of units.

2023-05-05 10:35:36

When #bitcoin is mentioned to those not familiar with bitcoin. They only think of a price on a chart because that is what most people are used to. Trading prices of tickers representing companies that have no profit.
There is no though of mining, the node network, the alien technology

2023-05-05 10:30:18

Learning a foreign language in the future may still be valuable. People will still want to connect and communicate in their own language without the hassle of a real time language translation. The lag in the conversation introducing friction.
And if it’s not socially valuable, it at least provides brain benefits

2023-05-05 01:55:48

We all screw up and go on the bitcoin horseshoe… unfortunately many newbies will fall into that same trap this next bull market… unfortunately I do not think shitcoins are done 😒

2023-05-04 23:19:12

Real money is extrinsically valuable. Gold has some intrinsic value in its industrial utility and metallic properties, but its monetary premium arises from extrinsic valuation of the markets demand for a store of value…
#bitcoin is perfectly extrinsically valuable

2023-05-04 23:16:17

I love when people say #bitcoin has no intrinsic value… I’m like ya, that’s kinda the point… Bitcoin is pure extrinsic value reflecting the value the market places on every other good

2023-05-04 19:38:09

Adding 0’s before a decimal point in inflationary
Adding 0’s after a decimal point increases divisibility

2023-05-04 18:51:35

#Bitcoin is only as valuable as whatever someone else will pay for it……..
Turns out that is a shitload of money

2023-05-04 18:48:39

Rather than our parents generation saying, “I remember when I could buy this for 0.25 cents” we will say to our kids “I remember when that candy bar cost a whole million sats”… they will look at us like we are aliens

2023-05-04 18:46:56

Our children’s children will marvel at us early adopters! They will ask about what it was like to send on-chain transactions, they will be astonished at the things we wasted our #bitcoin on

2023-05-04 18:44:06

Anyone know if there has been any continued rollout of pay with Lightning on all CLOVER POS systems?

2023-05-04 18:43:19

So much #bitcoin will be lost forever through poor storages practices over the next decade… thanks for the donation of purchasing power to the rest of us hodlers

2023-05-04 13:03:24

- reply

Easy… the printing they are doing now is peanuts to the dollar destruction (deflation) on the horizon
This is going to create a massive credit crunch that will destroy credit dollars and create a massive reservation demand for US dollars to pay back other USD denominated debts (USD shorts)… magic… inflation disappears
What the fed doesn’t understand, is the deflation tidal wave coming that will bankrupt the system… they won’t let the system go bankrupt so they will print like mad! This is a similar cycle of excesses that stock markets and the Bitcoin market experiences…
So in the long run you are right! This does not fix inflation!

2023-05-04 12:55:15

https://nostr.build/i/nostr.build_e8d5b25a41df7784bc44b7278b3e0306c7f3c2de299451bbec0bdcdaa8a39e4e.jpg
It is because we used to have a semblance of a free market in banking where as no where else in the world does… prepare for the number of banks to plummet and for our banking system to look a lot more like other countries

2023-05-04 10:21:29

I wonder what Fed response will occur when the FDIC account reserves are empty…

2023-05-03 23:26:22

- reply

This is one reason this fiat ponzi won’t end this cycle… the big four will buy up the rest of the banks with money from the government… maybe next cycle we see nationalization of those banks, and finally a crises that will melt the gov

2023-05-03 21:52:19

- reply

Is this what is causing high bitcoin fees right now?

2023-05-03 21:50:03

- reply

If by different you mean the same, then I agree!
Game theory, psychology, and the issuance epoch encourage a price trend that will be similar to the past 3 cycles

2023-05-03 17:40:04

#bitcoin is the only storehouse of wealth that does not leak purchasing power to third parties
If you sold bitcoin where would you put your money in order to protect your purchasing power
Stocks? You have to have a masters in finance/accounting and a CFA to properly value some of these companies + there is risk with company obsolescence, competition, and potential for poor management
Bond? These contracts will almost certainly underperform inflation unless… you have a masters in finance/accounting and CFA buying distressed corporate debt that is much more risky. So you also need a fair amount of luck
Cash? Heck no, guaranteed to lose money
Real Estate? Maybe could work, but you after calculating your rate of return after property taxes, insurance, repairs, other upkeep, the returns may not be that great. And what if the government takes your land for highways or other projects. What if you have squatters on your land/property. And the government taxes you on any gains, whipping out any remaining positive return… plus it’s illiquid
Gold? It would work to an extent, but where do you store it, what is the cost, how do you sell a million dollars worth of gold? How do you transport it? What is the disposition cost? Where will you find buyers?
After thinking through all the options there is no alternative that reliably protects value without massive trade offs in liquidity and other risks. In order to save money successfully without Bitcoin you need to have a masters in accounting and Finance, have CFA and then maybe you have a chance of coming out of par with monetary inflation!

2023-05-03 10:42:20

Peter Schiff argues that governments will back their toilet paper money with Gold and this will be a potential solution to our problem… it didn’t work in the past, it won’t work in the future…
In todays Digital age we can cooperate with society on a larger scale with LESS government interaction, something that wasn’t possible in the past.
People will opt to corridinate with those they can trust, not governments… #bitcoin wins

2023-05-03 00:01:59

Anyone in #nostr part of a Rotary club? One of my friends wants me to join?

2023-05-02 23:58:55

If Trad FI understood #Bitcoin miners, Bitcoin miner stocks would be way up this week! Miners are getting a burger revenue boost right now from high transaction fees
We are still early

2023-05-02 19:41:09

- reply

He suggested implementing a gold cryptocurrency with centralized custodians… sounds like a great idea… lol… it would all be confiscated within the year

2023-05-02 19:00:25

Just listened to the recent Jordan Peterson podcast with Peter Schiff
His argument that Gold is money, is based on golds current and future industrial uses… if that were the case were Is the monetary premium in all other productive industrial metals??

2023-05-02 15:57:07

100 sats/bit 🫣

2023-05-02 15:43:09

Why is the transaction fee so high right now??? Is this all ordinal demand?

2023-05-02 14:45:26

Everyday is an opportunity to be: a better friend, a better spouse, a better parent
Stumble towards truth

2023-05-02 14:43:50

The Good Life is a wayward stumble towards truth!
philosophy + nostr = #philosophostr

2023-05-02 14:41:59

Learning is a lifelong pursuit!
There’s always more to learn and you’ll continually learn how wrong you used to be.
The Good Life is a wayward stumble towards truth!

2023-05-01 20:53:46

LISTENING TO AN AUDIO BOOK STILL COUNTS AS READING A BOOK:
It’s just a different way to get the words into your head… plus… I can listen to an audiobook at 3X speed (540 words/minute)… college students average about 300 words/minute
All that to say, I can get more words in my head over time faster and more efficiently then sitting down to read a book
Reading physical books is still valuable, but I typically only do it if I also have the 3X audio in my ear helping me speed my reading pace

2023-05-01 20:49:15

IF YOU ARE CURRENTLY LISTENING TO PODCASTS AT 1X SPEED LISTEN UP:
Your brain can comprehend so much more then you are allowing to come into your ears! I’m listening at 3X speed and veraciously consuming books and podcasts. I easily finish 30-40hours of 1X listening content a week!
If you’re listening at 1X speed, for this week bump it up to 1.25X and know you are capable of so much more
#nostr #learn

2023-05-01 20:41:20

May we all learn more each day #bitcoin #nostr

2023-05-01 20:38:50

- reply

Thank you for that incredibly thoughtful response! #nostr is one of a kind!
Very well thought out and coherent! We are certainly in agreement friend.
May we all learn more from each other everyday
What are your favorite books? I am always trying to find more inspiration and education?

2023-05-01 17:10:27

- reply

Great response. The church has certainly failed at governance on numerous occasions, especially pre-Reformation. My hope in my post above was that whatever government structure we choose to embrace in the future embodies some of aspects of post-Reformation church polity.
Some estimates now suggest there are as many as 45,000 Christian denominations at present. Freedom of association is the freedom I would love future governments to embody. This would result in a splintering of governments down to the most management level, while providing for larger governments (like the Catholic Church is for larger churches) for those that want them.

2023-05-01 16:04:48

Why church polity structures may be a better architecture for future governments sans the religious focus:
Another benefit of church polity is a heavy focus on local governance with locally elected leaders by friends and family. These elect then participate with the parishes that make up the larger church polity. And if things become too bureaucratic or restrictive, individual churches can severe themselves from corrupt bodies, join other denominations, start their own. This is ultimately true all the way down the religious political stack. Denominations can fragment, individual perishes can break off, individual churches can realign, and individuals can leave the church
There is a social cost at each level which encourages cooperation and compromise, but every segment of church polity has ultimate freedom of affiliation. It’s not a perfect solution for future governments but it’s not a bad starting point.

2023-04-30 23:08:58

Governments will hopefully look more like that of church polity and denominations in a couple decades…
Don’t like the structure of government or way things are being done… leave the denomination or start a new denomination
There is a social cost for leaving that encourages compromise but provides a nuclear option

2023-04-29 23:53:33

This is my bearish price prediction
At the most basic calculation bitcoin could be worth at least 6M
$30,000/0.5% adoption = 6M
But this is far too simplistic, it doesn’t account for the marginal price of available bitcoin for sale. Bitcoin at 6M results in very little liquid supply coming available, meaning the price would likely be much higher

2023-04-29 23:49:03

If we assume normal historical inflation over the last 40 years (roughly 2.9%), the USD will lose half its value in 25 years. USD is a bad store of value and people will figure that out given enough time

2023-04-29 23:47:26

In 25 years after adjusting for inflation (avg 2.94%/year) and taking into account that only 28 bitcoin will be issued a day. If daily bitcoin USD buying volume is ~$30,000,000 (inflation adjusted ~$60,000,000), Bitcoin price will be close to 4M after inflation (in todays dollars closer to 1.8-2M per coin). All that to say bitcoin price targets of 1,000,000 are bearish. The above calculations assume 0 increased adoption… if you account for additional adoption, it would be dozens of millions per coin! Hold on to your sats… they might be worth something someday

2023-04-29 17:06:41

- reply

Much easier to read then an 8 digit string with no spaces

2023-04-28 00:34:42

#bitcoin is price is determined by the marginal liquid bitcoin available…
Every 4 years #bitcoin requires less buying power at a given price to keep the price stable. In this epoch of 900 Bitcoin/day that is rounghly 20 Million USD a day in selling power just from mining at around $22,000 per Bitcoin. (There are other sources of selling, but that is primarily high time preference selling). Next epoch, it’ll only be 10 Million USD a day, and that’s in a future where there will be even more dollars. Fast forward 4 more epochs, that buying power would be around 300,000 USD a day to keep BTC price at $22,000. yes that’s 25 years away. But it’s in a world of a couple quadrillion more dollars, continued increases in Bitcoin adoption and education. Bitcoin may not have bottomed this cycle, but if you have diamond hands and can suffer the Volatility, 25 years from now 1 million per Bitcoin is a bearish prediction. 25 years from now, 30 Bitcoin per day will be mined. At a 1M Bitcoin price that is selling pressure of 30Million USD a day, pretty close to where we are today (with no additional adoption).
Anyone who thinks Bitcoin is going to $0 or even that Bitcoin has hit its last all time high, have no understanding of Bitcoin supply changes and the built in incentive to #hodl

2023-04-27 21:40:58

Bitcoiners…. One of the few intellectually curious groups today

2023-04-27 20:23:47

Everyone’s favorite on chain phone wallet? Go

2023-04-27 20:01:31

We have at most 10,000,000 bitcoin adopters worldwide. And even us adopters don’t even have 100% allocated. We are at minuscule levels of adoption… sit back, stack sats and enjoy the ride for the next 100 years

2023-04-27 19:53:19

- reply

That’s awesome! That game taught me so much about fiat life: buying and reselling stamps and other things
I wasn’t there that early but was pretty early to neopets

2023-04-27 19:19:27

#bitcoin is the first adoption curve technology that has a corresponding price attached to it… prepare for face ripping price action
The adoption curve refers to users, not price. We will see an exponential adoption of users over the next 10-20 years. Exponential increase in user adoption = exponentially exponential growth of BTC price
Market cap of BTC will rip way past what people expect.

2023-04-27 02:03:59

The internet is still not at 100% adoption yet it touches everyone’s lives! #Bitcoin doesn’t have to reach 100% to be deeply integrated into the economy. It take 5-10% and then every 10-20 people you talk with owns bitcoin, at that point it’s a no brained to add bitcoin as payment methods

2023-04-25 19:45:09

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That’s probably true, but Bitcoin has technically gone from 0-$30,000 which is infinite % growth… Bitcoin will still rip a % growth that will be absolutely life changing

2023-04-24 13:22:12

#[0] loved the OP Vault podcast you just released!
I know you aren’t a big fan of multi sig, but OP Vault + Multi-Sig makes for some cool use cases. In a 2 of 3 multi sig, two signatures could send anywhere or 1 sig could send to designated vault/recovery address. Using this structure also creates interesting multiparty custody interactions.
This is just the tip of the iceberg. Can’t wait to see what May come from OP Vault if it’s implemented!

2023-04-24 11:06:53

Information longs to be free and the powers that be throughout history try to retrain that freedom

2023-04-24 11:04:49

Information is infinitely replicable over time and space… #bitcoin is perfectly non-replicable over time and space

2023-04-23 22:38:42

Everyone will be surprised by the decentralization explosion that will happen over the next 100 years. Decentralization in every facet of life and communication

2023-04-23 02:25:31

A patent protects against monetary gain from other economic actors using your idea… but ideas are infinitely distributable… 3D Printing will allow legal distribution of the worlds best ideas, patent be damned

2023-04-23 02:23:23

3D printing obsoletes Patent law

2023-04-23 02:21:44

As 3D printing becomes more prevalent… and it will… you won’t be able to ban certain machines like firearms… firearms are only information and nothing more

2023-04-22 23:17:59

#bitcoin is the corrective lens that clears up blurry economic decision making

2023-04-22 23:15:40

The global economy cannot perform accurate economic calculations.
Economic actors today see blurry shapes and are making economic decisions based on what they think they are seeing.
#bitcoin is the corrective lens that removes the guessing

2023-04-22 23:13:14

#bitcoin is corrective lenses for the global economy

2023-04-21 16:47:09

#bitcoin is the only way for machines to truly own money.

2023-04-21 16:05:18

Hey all, just read something about Prime Trust discontinuing more states? Can anyone corroborate? Any details?

2023-04-21 13:15:32

https://nostr.build/i/nostr.build_c2de67f4e61d8053894ebbc7e6c94c6758a4bed108598f509bbc392e299acd91.jpg
Anytime you think you’re late to #bitcoin just read financial media! Lololol 😂

2023-04-21 12:21:01

Hopefully if #bitcoin adoption creeps along slow enough, democracies can elect in new delegates that understand the innovation bitcoin is and can litigate for bitcoin.
Bitcoin doesn’t need politicians, but democracies need bitcoin

2023-04-21 12:18:41

#bitcoin bear markets are like the season of Winter.
We are no longer in Winter… spring and summer have arrived

2023-04-20 13:12:57

Increasing global dollar debt increases total demand for US dollars short to medium term and at the same times makes the system more fragile over the long term (increases in inflation and probability of deflationary collapse)

2023-04-20 13:12:46

Increasing nominal Global dollar debt both makes the US Dollar so much stronger and so much weaker
More debt creates short term inflation… increases reserve demand for US dollar… higher debt loads increase the likelihood of deflation global debt collapse… the Federal Reserve prints money to recapitalize system… this locks in the short term inflation created when the debt was created and saves the system from deflation… the cycle then restarts

2023-04-20 13:05:43

Financial Advisors are used to stock picking and call gold unless because it has no cash flow… Advisors will allocate to Shitcoins more broadly, not #bitcoin
And if advisors do buy #bitcoin they will lend it out to earn yield. Advisors will get rekt
Buy #bitcoin

2023-04-20 13:00:10

Currently financial advisors are handcuffed by broker dealers and RIAs, they are not allowed to allocate to crypto… this cycle those chains will be loosened and billons in capital will flow into… not #bitcoin , but crypto, because most advisors are clueless.
We are early, #dontgetrekt buy bitcoin

2023-04-20 12:57:08

#bitcoin will rip in price and the financial media will hardly pay attention because they will be looking at shitcoins… this cycle is no different, shitcoins will suck in a ton of people and those people will get rekt

2023-04-20 12:50:41

The financial media is clueless: every down price move for bitcoin is interpreted as a death knell and every up move is the next bull market! This cycle will be just like the last one…
Bitcoin to $300,000K and then it will fall to 70-100K in the next bear market

2023-04-14 00:07:41

In a year or two it’s really gonna suck buying #bitcoin above $100K

2023-04-13 23:57:08

- reply

We all bought some but we will all look back and regret not buying more

2023-04-13 23:55:46

#bitcoin will rip hard after the longest bitcoin bear market in history

2023-04-13 21:29:56

Just looked at the USD value of my BTC and did a double take… man do I forget how hard bitcoin can rip in USD value… just sucks the prices I have to pay or new BTC

2023-04-13 19:49:46

I do not believe Central bankers are knowingly malicious. They are central planning apologists defending a system that they actually believe helps more people then it hurts. They are very likely wrong and central banking cause far more harm than good, but that doesn’t change the fact that they believe this so fervently.
It makes sense that a central planning institution that believes whole heartedly in its mission would attract those of like mind. It is very unlikely that an individual who knows the harm central banking causes would continue to work in that arena. So what you’re left with is a group of staunch hard headed people who believe they are doing what is best for the greater good, despite accomplishing the opposite.

2023-04-13 19:44:24

To me it doesn’t seem central banking was an intentionally malicious creation. It seems like one small lie after another intertwined with human ingenuity to prop up a system doomed to fail.

2023-04-13 15:35:44

My child just found 131 sats of Change on the ground, gonna set that aside for them in sats for the future🤘

2023-04-13 13:21:23

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At least it kinda matches my screen name https://nostr.build/i/nostr.build_1af29832952dad3c2d58c99760fa94e4d382edc4feab054a4eeb62da8e0bd93e.jpg

2023-04-13 11:37:19

After massive credit creation in the economy comes one of two things:
1. Continued expansion of credit creation backstopped by government liquidity
2. A deflationary collapse as violent as the credit creation
Credit is temporary money, it is up to the monetary issuer whether or not that becomes more permanent money through money creation

2023-04-13 11:33:25

MMT proponents don’t disagree that monetary expansion can create inflation, they just have the hubris to claim they can “control” the inflation with monetary and fiscal tools like interest rates, taxes, repo, and other govt interventions.

2023-04-13 10:56:04

What came first excessive leverage in the economy or government stimulus. It’s a chicken an egg problem.
Either way the governments willingness to provide liquidity to overly levered businesses creates a situation of morale hazard!

2023-04-13 10:53:53

Modern economists and MMT proponents all agree on adding more money/liquidity to the system, they just disagree on the tools to use to make sure people don’t spend the money into the economy.
Creating money -> deleverages economy -> companies, gov and people can now meet their debt service -> as long as no one spends it -> inflation doesn’t go up a lot