fiatbad

Time is always against us

Public Key

npub12mxc3z28grjte79ae54vr86477f79gpmzsh5mv8q4vufprdgre9qcqhu4n

NIP-57 Address

fiatbad@getalby.com

Profile Code

nprofile1qqs9dnvg39r5pe9ulz7u62kpna2l0ylz5qa3gt6dkrs2kwys3k5pujsvddekn

Author Public Key

npub12mxc3z28grjte79ae54vr86477f79gpmzsh5mv8q4vufprdgre9qcqhu4n

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Last Notes

2024-08-11 15:48:09

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They were always the episodes I looked forward to the most.
I would often read your premium newsletter, and you'd hit on the same themes during the podcast a few days later. Which helped me follow the concepts more easily and fill in my knowledge gaps.
I'm very grateful for your work, Lyn.

2024-08-03 18:54:37

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Exactly how it should be.

2024-07-19 03:01:48

It's impossible to "make America great again"
.... unless ending Fiat currency and ending central banking are your number one campaign goals.

2024-07-10 03:38:10

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Annoying. But also based. I have mixed feelings about this post.

2024-07-06 12:38:57

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GM Storm.
Hoping you have a fierce day today!

2024-06-26 04:33:09

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You just invented a new meme. Wouldn't be surprised to see your statement in all kinds of social media over the next few months.
You just spit on that thang.

2024-06-20 02:43:31

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Every car. That's why I used the Jeep example from 2015. It's a 100% gasoline car.
Why do people think the energy source makes any difference when it comes to surveillance or security?

2024-06-20 00:36:44

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A Jeep was remotely hacked in a way that could kill the driver back at a hacking convention in 2015: https://www.wired.com/2015/07/hackers-remotely-kill-jeep-highway/
I don't disagree with your being worried about Tesla's autonomous capabilities. But I want to point out that EVERY other car company, even without self-driving, is vulnerable to remote hacks that would be detrimental. The Tesla hate needs to stop.

2024-06-19 18:17:51

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I thought 3.125 was the new 6.15?
Trying to unlock unicorn status over here, and hoping the halving did half the work for me....

2024-06-13 02:39:02

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Sure it sounds toxic, but it's balanced out by the fact that it's only 2 days a week. I believe that people would get more done in 2 days than they would in 5 if they knew they got the rest of the week off after. Win-win for company and employee.
Obviously this is dependent on the type of job/company.

2024-05-28 18:45:46

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... and if I send an on-chain tx out of the mint I'm part of now, how does a signed-transaction get created and broadcasted if all of the mint's keys are on cold-storage devices (which must be signed manually)??!!!

2024-05-26 15:23:56

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I smiled on the outside, and laughed a little on the inside.

2024-05-26 14:47:01

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That didn't answer my question. You just told me a story of some kind.
What is "god"?
I guess it's a person? (Guessing based on your word salad). Would love a better definition.

2024-05-26 12:24:22

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What is "god"?

2024-05-18 16:33:35

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I think about this question far too often....

2024-04-03 20:02:38

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I didn't even think to ask.... they just said "$12 por favor". Dammit! Why didn't I ask!?!?

2024-02-08 14:52:02

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lol, this one had me cracking up.

2024-02-03 04:01:31

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⚡️

2024-02-02 05:11:30

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Btw, is this a short term promotion or you planning on always offering it?

2024-02-02 05:08:30

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So, I've ordered through Oshi a few times, and it's been great. Except the shipping kills me.
Now you're telling me if I buy 6 or more bottles at a time, you'll wave the shipping?! I'm so fuckin stoked right now. You just made my night.

2024-02-01 20:20:46

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Was quitting alcohol and coffee worth it? I mean, do you notice any major differences?
I have a little of both daily. It helps me get through the monotony of the desk job.

2024-02-01 19:35:39

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Yup! Gotta get ready for when we start 200 a day til 200k.
"100 a day til 100k" is just the warmup.

2024-02-01 18:55:22

In every single rate hiking period since the creation of the scam that is the Federal Reserve, rates went up slowly but dropped rapidly. They take the stairs up, but the elevator down. Every. Single. Time.
The end of the BFTP at the same time we’re starting to see stress in the banking sector is telling. It’s clear that the Fed either needs to renew the program OR start some QE. They simply cannot do both without major, systemic disaster in the economy. They announced the end of the BFTP, so I think it’s clear which of those two options they have chosen. But they do not want the public to realize what the Fed’s plan is. They want us to continue to believe the “higher for longer” narrative, for as long as possible.
Beyond the brewing banking crisis, there are a lot of signs of serious downturn and distress. Many of these indicators only just started flashing red, in January. So they are very recent. We know the Fed is mostly backward looking and their data is always lagging. They haven’t factored in all the new stuff that is starting to happen. Case in point: yesterday, the bank NYCB announced that it is in trouble, the stock dropped 50%. The Fed was not prepared for this happening on the same day as their FOMC meeting. They already had their speech prepared, and their paper ready to release. When they released the paper, they crossed out the words: “The U.S. banking system is sound and resilient.” They didn’t have time to revise their statement, so they crossed this part out completely. They also seem to have told reporters to not ask anything about NYCB’s impending failure. The Fed learned about it only hours before their meeting, and did not have time to reevaluate. So they pretended that everything’s fine, and they pretended that there is no stress in the banking sector currently. Even though, there clearly is.
This brings back to my opening statement. Interest rates take the stairs up, but the elevator down. I think something is going to break before or around the March timeframe. Something big enough to cause an instant rate cut from the Fed, probably something around 100 basis points immediately. The elevator down.
The markets are not pricing this possibility in, whatsoever. They’re still buying the “higher forever” narrative. I think a rate cut is coming in or around March, even though they’re trying their best to make us think otherwise.

2024-01-26 23:38:50

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You ever get that Zapit paywall setup that @npub1zcj…am8a told you about.
That Zapit shit is under-appreciated. The ability for creators to create their own paywalls without involving a 3rd party is absolute fire. Direct Zaps for content.

2024-01-21 21:51:00

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I don't see any "proof" here.
How do we know those rocks aren't just cheap tungsten inside?

2024-01-21 19:44:47

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Well that just blows my mind.
Normally, when a channel is closed, it's settled as two on-chain utxos, one for each side of the channel, into their respective wallet.
Now, you're telling me we never have to settle on-chain? Without new utxos, how is it settled at all? What does it mean to settle up "out of band"?

2024-01-21 19:10:38

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"They will pay the onchain fees ONLY when the channel is closed"
So, the way this works is that the channel opening is not broadcast to on-chain nodes whatsoever, and the first time L1 even knows about the channel is at the time of closing? Is this correct? I'm just trying to get a better understanding of the technical aspect of 0-conf.

2024-01-14 15:48:03

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Relevant Reddit thread:
https://www.reddit.com/r/venmo/comments/14krskp/bought_btc_but_cant_send_it/
Never used Venmo myself, but it doesn't appear to have very good reviews for using with Bitcoin. I hope they resolve this cuz it's unacceptable BS. Keep us updated!

2024-01-07 21:32:18

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Yes it is.

2023-12-25 00:59:50

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https://image.nostr.build/d5178378943b623b97c12f3e3d64cb79882adaa4fcc651584db42af109b53853.gif

2023-12-22 22:43:22

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Time for Nostr to shine.

2023-12-22 22:35:52

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Ask @npub1zcj…am8a. Whatever she's using is probably exactly what you're looking for.

2023-12-22 21:23:45

Axial tilt is the reason for the season!
It has tilted!

2023-12-17 21:07:02

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Exactly. And I would say even adults are exactly this way. Religion and cults are a perfect example.

2023-11-22 17:44:15

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Thanks for sharing. I enjoyed seeing Tokyo. It's high on my list of places to go soon.
I was with you at Nostrica, but I couldn't make it to Nostrasia. I hope they host it again there!
How did it compare to Nostrica in your opinion?

2023-11-11 00:33:43

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I paid 78k once with $100 usd bill. The markup for the ATM is why it costed that much.
No regrets. Still hold those Sats. Would do it again.
10/10 would recommend

2023-09-28 22:32:13

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I'm ready to buy!! Cmon!!

2023-09-17 18:27:43

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I fucking love this meme.

2023-08-02 16:38:19

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I'm probly about to do this myself, coming from iPhone. There have been some great writeups on Stacker News lately about how to make the switch. Hopefully it's not too painful

2023-07-28 20:46:14

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Actually, he has a point.
Mining > investing
Just have them mine Bitcoin instead of whatever other stupid idea they were gonna do which they needed series A for.

2023-07-25 03:21:14

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I love your content no matter it is found. I gravitate to Nostr because of how important decentralized media is. But I share your concerns about the constant competition. Wouldn't it be nice if every app, and every service just used Nostr to login, and all the world's communication was done via Nostr? Maybe it's a pipe dream.

2023-07-22 23:26:40

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Fiat mentality is really starting to piss me off. Everywhere I see it, I see social issues. Fuck fiat.

2023-07-04 19:28:02

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Calgary. I cheated though. Saw your name tag sitting on the table when I got here. 🤣

2023-07-04 19:20:12

Who's going to be at the Bitcoin Rodeo conference in Canada today and tomorrow!? Hit me up, come say hi!

2023-07-01 23:35:37

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Maaan, fuck the Fed. They can't arrest all of us. They need us for their ponzi to work.

2023-06-28 14:40:36

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They said how many Sats they raised and put the dollar amount in parentheses. That shit makes me so happy!!!

2023-06-24 18:39:30

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Wait but... didn't you already do one with #[3] ?
Baddass episode, too.

2023-06-20 22:39:32

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Thanks! Don't mind if I do.

2023-06-17 22:35:31

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Absolutely this!

2023-06-16 20:30:18

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Lol, that's hilarious. You got RBF on that wallet? You could try the ol' child-replaces-parent trick.

2023-06-16 20:19:05

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At least it would be a more honest way of generating income. If they hosted some relays and made some badass client that skimmed a few Satoshis from each Zap, I would actually respect Apple again.
But I'm with you. I still wouldn't use their shit.

2023-06-14 01:18:27

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While we're at it, can we organize a Nosterich protest outside Apple's headquarters? Call it "occupy Apple". Let's give 'em hell!

2023-06-10 00:07:50

Their target is 2% inflation. But 2 percent of the US's wealth is MASSIVE. This is the tax we pay to the wealthy. To the bankers.
To the wars.

2023-06-06 22:33:58

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Good riddance. He/she kept using the T word.

2023-06-06 16:30:56

Keynesian economics is complicated on purpose. Austrian economics is simple on purpose.
There's a reason engineers love the KISS principle.
Keep It Simple, Stupid!

2023-05-29 15:18:49

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Glad to see you're on Oshi now! I will be placing a syrup order in the near future. Excited to try it.
Is the milk available to purchase online?

2023-05-29 15:14:08

Bitcoin is the best long term AI related investment.

2023-04-19 19:11:28

If you're sick of the red-vs-blue games, join me over in the orange-vs-green section.

2023-04-12 23:04:18

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My WTF reflex would be in full force if it wasn't for the fact this comes from infowars. They're like, The Onion but for peepers.

2023-04-12 22:53:15

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And yet it continues to rise against fiat. This gives me hope in humanity again.

2023-04-10 17:00:42

I'm sure most of you don't need to hear this, but dammit, I'm going to say it again anyway.
If a company isn't Bitcoin ONLY, then fuck em! Boycott the shit out of any company allowing scams on their platforms.
This includes Casa, Coinbase, Ledger, and most of the mining pools. There are alternatives for all of them which are Bitcoin Only. Support the companies with integrity, and send a loud fuckoff to the rest!

2023-04-06 21:37:07

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Don't worry, it's transitory.

2023-04-05 22:01:06

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I'm ready for war. LFG!

2023-04-05 21:35:31

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Yea, that makes sense. Maybe I'm too toxic, but I'm of the opinion that gold is fiat because it always centralizes and is too easy for a government to usurp it. If we went back to a gold standard, it's only a matter of time before they take us right back off it. It's like fiat, but with more steps😂

2023-04-05 21:29:11

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Not sure why we can't fight both at once. Fiat is gonna collapse on its own with or without a war. I kinda think gold is a more worthy opponent and the war should begin now. Just my 2 sats.

2023-03-31 17:53:49

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Everything is good for Bitcoin.

2023-03-28 14:45:16

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Yup. It was incredible! Definitely going back.

2023-03-24 18:57:28

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The Sovereign Individual.
Layered Money.
Bitcoin and Beef.
The Price of Tomorrow.

2023-03-23 19:06:57

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Welcome! My message to newcomers is: "be patient with Nostr right now. It's super new and very powerful for social change. It will grow. But be patient with any bugs in clients. Also, try to learn a little about how it works compared to traditional social media. It's a bright future! Welcome, and Pura Vida!

2023-03-23 04:27:21

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I did Probly 30 Lightning transactions this week buying stuff from merchants all over Bitcoin Jungle. I used 4-5 different Lightning wallets. CashApp was the fastest and most reliable. The others sometimes took time for payment to go through.

2023-03-23 01:47:11

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Fossil fuels are good for civilization. And maybe have some pros for the environment. But to say they are net good for the environment??? That might be swinging too far the other direction. But I'm not an expert and open to changing my mind.

2023-03-23 01:43:38

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Well said. I can't believe we're at the point where the most pro-climate advocates are also the most anti-bitcoin. Bitcoin is carbon negative, especially when standing next to the fiat system.

2023-03-22 23:18:35

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We just arrived at Fuego Brewery, 15 minutes up north of Uvita. Plan to be here a few hours.

2023-03-22 15:07:21

#[0] #[1] #[2] #[3]
https://nostr.build/i/nostr.build_55a45739e6f6c6bf9998531e0de5e149810f0bb86417456e6174442024f41ff5.jpeg

2023-03-21 20:03:50

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Bitcoin is so important that it's made me a single issue voter.
Buying Bitcoin is the best way we can vote for freedom. Casting a ballot against fiat-maxis is the next best way.

2023-03-21 19:44:02

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I remember you talking about YCC coming even before the pandemic began. I can't believe how fast we got to this point.

2023-03-21 19:22:51

Nostrica workshop stage, dude just said "we're not gonna zap crap!" 😂

2023-03-19 04:38:10

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Also setup your Lightning tipping so we can zap you Sats: https://youtu.be/fG1IDm-lQek

2023-03-19 04:26:15

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Now, fight the system! No more centralized social media. Run a bitcoin node. Run a Nostr relay. Raise cattle, grow crops. Horde guns. Practice karate in the garage.

2023-03-19 04:21:28

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Your shirt was epic. Where can I get a copy of to wear?

2023-03-15 13:42:06

Anyone else having an issue paying bills this week with Fold Debit card on PayPal?

2023-03-12 20:35:33

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Lol, fair enough. I'm right there with you. Keep that list handy cuz I might need to borrow it some day.

2023-03-12 20:22:37

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I dunno. I kinda hope they do a bailout just so I can sit back with my beer & my Bitcoin and watch it all burn down. Let it go brrrr. We aren't part of their world anymore.

2023-03-12 20:15:32

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Someone should nail this to the NY Fed's door.

2023-03-11 01:22:37

Your fiat is just unrealized Bitcoin.

2023-03-10 23:45:19

Be the glitch you want to see in the Matrix.

2023-03-10 18:02:05

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This is amazing! Really simplifies the whole process. It turns out, even the Dollar is a shitcoin! Who knew!?

2023-03-08 23:06:50

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I'm surprised we've gone a year without QE and nothing has seriously broken. Preston, how much more runway do you think we have before the Fed has no choice but to step in?

2023-03-07 00:18:51

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He threw a tantrum and blocked me last week on Twitter. Joke's on him cuz I'm on Nostr now. Twitter's for losers like CSW.

2023-03-04 01:04:55

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Cryptocurrency trading group? Naw thanks. Bitcoin removes the need to trade as often. Now, I can simply stack sats and rest easy knowing they won't be debased.

2023-03-04 00:11:18

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We need a Nostr app that works like Twitter spaces, but on the Nostr protocol. Anyone know if something like that is in development? I've never used Nests. How is it?

2023-03-02 16:38:14

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Yea it worked. I forgot that I created a separate LN wallet in Alby. I followed #[3] tutorial to setup Nostr with Alby before Damus was out. So it went to my Alby wallet. Ugh, I have too many wallets!

2023-03-02 15:18:39

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Nope, I didn't. I think I set something up wrong. All I did was link my LN wallet to Damus. I'll figure it out this morning. Did it pay a LN invoice on your end?

2023-03-02 15:11:17

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Can't wait til Zaps are embedded into every app and game out there. Bitcoin is unstoppable!

2023-03-02 15:08:14

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Zapped you 200! Zap me back, I haven't tested if mine works yet.

2023-03-01 19:30:28

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Sad how many people seem to be choosing the latter. Not only choosing if, but defending it and mocking Bitcoin. We're living in clown world, for real.

2023-03-01 19:28:23

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I just zapped you 2 Sats. High roller!

2023-02-11 17:19:04

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Yup. Nothing better than cheap Sats!

2023-02-05 18:57:31

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Not Miami, but will be at Nostrica. You going to Costa Rica with us this year?!

2023-02-05 18:56:06

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Preston, you gonna be at Nostrica as well? Would love to see you there!