Arthur Amendt
Arthur Amendt

amendt.substack.com

A beef 🍖 farmer by day and a Bitcoin node ⚡ manager at night. Completely blown away by the potential of the Bitcoin-Lightning-Nostr-Ecash stack

Public Key

npub1flj222ym4truxx6y4qvp6lsgkxmr8mutv7rr8qmmns4fq0lkhurq9eagfz

NIP-05 Address

amendt@getalby.com

NIP-57 Address

amendt@getalby.com

Profile Code

nprofile1qqsyle999zd6437rrdz2sxqa0cytrd3na79k0p3nsdaec25s8lmt7psyxzy8d

Author Public Key

npub1flj222ym4truxx6y4qvp6lsgkxmr8mutv7rr8qmmns4fq0lkhurq9eagfz

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Published at

2024-08-02T03:55:03Z

Kind type

0 Metadata

Event JSON

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Last Notes

2024-08-25 13:25:06

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Don't loose all your bitcoin in a boating accident. 😁

2024-08-23 13:35:33

https://m.primal.net/KJTm.png
The #Bitcoin network moves almost 1 million US dollars per day. This doesn't include off chain payments like #liquid and #lightingBTC

2024-08-20 04:19:51

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I don't want to tax you too much, but I started running the Alby Hub software and was wonder how it differs from running your own node. Or just keep on posting what you find interesting. 😉

2024-08-20 04:01:15

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I wish for more people to speak truth to each other.

2024-08-15 20:17:54

I usally use https://www.pricedinbitcoin21.com/chart/agriculture/WEGGS
to find out how much my eggs should be costing me. Now the FED is showing me how important it is to save for eggs in bitcoin.
#note1zjq…une6

2024-08-15 05:48:07

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I said this a few days ago but I still need to work on my nostr elevator pitch. Joseph was so interested a week ago I half expected a new follower this week. I think hands on showing people NOSTR might be the way to go.

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https://m.primal.net/JyyA.jpg
#Yarrow is now #freezed_dried and ready to enjoy.
#note1t68…jse8

2024-08-14 03:41:23

https://m.primal.net/Jyxe.webp
Thank you all for helping me pick #saskatoons this year. Not very many left anymore. ENJOY!

2024-08-13 12:50:42

Why do mule deer sit down? Just before hunting season.
https://m.primal.net/JyPL.mp4

2024-08-13 04:24:22

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Sorry for never following you on X. You seem to be a great communicator.

2024-08-12 12:53:02

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Talk about countries starting to use bitcoin. Did you help out with Guyana adoption in South America?

2024-08-08 18:51:57

If the government can live off the debt, so can the citizenry right?
https://m.primal.net/Jsil.png

2024-08-07 15:44:17

real vs painting Can you tell what is real?
https://m.primal.net/JrSh.jpg

2024-08-05 15:43:10

So you think Bitcoin is having a bad day.
https://m.primal.net/Jovd.jpg

2024-08-05 11:11:33

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I am still trying to understand bitcoin's layer one energy usage and your talking about layer 3 already. Stop the world and let me off. 😉 How long can you hold and ecash token until you have to come online with the 1 and 0s?

2024-08-05 04:31:07

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I have two friends on the app and they tell me to keep using nostr instead. I think we have 2 million people here and airbnb type sites on nostr are getting more user friendlier all the time.

2024-08-01 13:25:26

freedom, truth, and a better future
Let's all use bitcoin to exchange goods or service
https://m.primal.net/JlEI.jpg
Lately I prevented a few people from investing their money in alt coins. It is hard to explain to people why I only use bitcoin and why I am not using all the 2.4 million other tokens. Sure liquidity plays a role (Bitcoin is 57% dominate), but mostly it is because of security. If any of the other coins / tokens get close to spending 15 Giga Watts of power (if Alberta uses over 12 GW there are black outs) to secure its coin, let me know. Even though Ethereum and Solana (1 kW) might get an US ETF, that doesn’t mean they are not a fiat token. Centrally controlled coins are a disaster in the making.
In only 15 years bitcoin became an election issue. Both Trump and Kennedy speak highly of bitcoin, but Kennedy actually understands the asset. Bitcoin allows for more freedom, especially in a dictatorship but also in a democracies. Bitcoin is about having hope for a better future. It is about slowing down the beast mentioned in the book of Revelation. Bitcoin is fundamentally about truth; whereas fiat is fundamentally about authoritarianism or “I am from the government and I am here to help”.
Most people understand you can’t get something for nothing, but what they don’t usually get is who they are hurting via vi the getting stuff for free. Are you putting your future at risk because you are bringing future potential into the present? Remember after bank failures comes central bank failures. For example: Handing money out to seniors is putting more of a load on the working class, but it is worse than that, the child bearing class of people have less incentive to raise kids. Over leveraging your banks or your government central bank causes less security for you and your countries’ bank. If you understand that you are well on your way to becoming a bitcoiner. Fiat currencies were made to fund wars. Perhaps we should continue to love each other and strive to bring out the best in our fellow man. John 13:34-35
This weekend I well be driving the train for the Peace Gospel Jamboree. Stop by and mention bitcoin and you can get 10,000 sats ($10) for free.

2024-08-01 13:25:06

2024-07-30 05:25:59

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I was going to send you some bitcoin, but you haven't setup your bitcoin wallet to link here yet. 😠

2024-07-30 05:25:46

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I was going to send you some bitcoin, but you haven't setup your bitcoin wallet to link here yet. 😠

2024-07-29 18:08:40

https://www.profstonge.com/p/canadas-worst-decline-in-40-years
Canada is at a 40 year low
Welcome to the Soviet Socialist Republic of Canuckistan
Malthusian deindustrialization and techno-serfdom are works that continue to progress in Trudeautopia

2024-07-29 18:07:14

2024-07-29 18:06:59

https://www.profstonge.com/p/canadas-worst-decline-in-40-years
Canada is at a 40 year low
Wecome to the Soviet Socialist Republic of Canuckistan
Malthusian deindustrialization and techno-serfdom are works that continue to progress in Trudeautopia

2024-07-29 09:39:38

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Maybe I should only work for someone if they pay me in bitcoin. Mind you I can't provide for all my wants in bitcoin yet. We must be still early.

2024-07-28 13:00:07

The average wage in Canada is now under 1 bitcoin per year. That works out to 44,000 sats per hour if your working the average 2087 hours per year. https://www.pricedinbitcoin21.com/chart/average-yearly-wage/CANADAWAG

2024-07-27 14:28:53

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If enough people use bitcoin in there exchanges maybe we will have a peacefully community / world.

2024-07-27 14:13:04

In the last 24 hours bitcoin went up 10% -- almost 100,000 Canadian dollars or to say it another way c$1 = 1000 sats
#bitcoin #100k by August 1, 2024 THOUGHTS?
https://m.primal.net/JgHn.png

2024-07-26 22:16:06

Robert F. Kennedy Jr. is now live at #bitcoin2024
1. Bitcoin guarantees property rights.
2. No taxes on bitcoin exchanges
3. 60 million bit-coiners helped him
4. The US should take a page from El Salvador president Bukale
5. He would pardon #Ross #Asange #Snowden
6. It restores self sovereignty.
7. He thinks of himself as Orange -- not red or blue
https://www.youtube.com/live/FxDMz_KKx0s?si=JVIK-aLLoP0dKAvr

2024-07-26 21:49:12

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Robert F. Kennedy Jr. is now live at #bitcoin2024

2024-07-23 05:50:20

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I am not sold out on crypto any more. With money the most liquid currency rises to the top and that is bitcoin. 400 million users. How many users does #solana have? https://solana.com/solana-whitepaper.pdf

2024-07-23 05:45:26

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Nice to know! Thanks for the help!

2024-07-22 20:47:35

I on-boarded my nephew onto nostr today #introductions
I tried to link his damus app with a getalby wallet, but it did not work yet.
https://blog.getalby.com/1tapzap-in-damus-with-alby/
Hopefully this website will help us. Any other helpful videos?
#note1sf0…lakh

2024-07-07 17:17:19

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How can you live without meat / protein?

2024-07-04 14:33:54

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Thanks for letting us see a glimps into your lives!

2024-06-27 19:19:09

https://m.primal.net/JAGd.png
My renters pay me less and less every month. I only get 800k sats this month from my one bedroom apartment. Airbnb says I should raise the rent by 10% in November https://airbnb.com/h/amendt2

2024-06-20 04:48:33

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"The biggest commonalities among current Nostr users is the ability to find signal" this is probably true, but don't we need more users to a least have a hope of listening to the right people?

2024-06-16 17:56:09

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Yes, ecash solves the air miles marketing problem in bitcoin.

2024-06-12 13:47:26

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I think I would rather use https://marketplace.start9.com/ Even robosts allows you to connect to other nodes if you need more computing power.

2024-05-31 02:49:25

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https://www.youtube.com/watch?v=vc_7I6Fnqkk

2024-05-31 02:46:52

My 1st of the month newsletter found at amendt.substack.com
'Bitcoin: A Modern-Day Tally Stick, Lincoln Greenback, or Alberta Prosperity Certificate' https://m.primal.net/ITSB.jpg -- Except, it's backed by energy
In the ever-evolving world of finance and economics, Bitcoin has emerged as a revolutionary digital currency, sparking debates and discussions worldwide. To understand its significance, it's essential to draw parallels with historical forms of currency and economic strategies that have shaped the financial landscape. This blog explores how Bitcoin shares similarities with the tally sticks of medieval England, the Lincoln greenbacks of the American Civil War, and the Alberta Prosperity Certificates introduced by Premier William Aberhart during the Great Depression. These three historical events show that governments do not have to borrow money in an attempt to avoid calamity. Particularly, we will delve into how Bitcoin, like these historical examples, uses a currency ledger to provide liquidity in times of economic distress without the need for bankers to borrow the government some money.
The Currency Ledger Concept
At the core of Bitcoin and its historical counterparts lies the concept of the currency ledger. A currency ledger is a record-keeping system that tracks the issuance, transfer, and ownership of currency. This system ensures transparency, trust, and accountability, which are crucial for any functioning economy. Let’s first understand how this concept was implemented in historical contexts before examining Bitcoin's innovative approach.
Tally Sticks: Medieval England’s Ledger System
Tally sticks were an ingenious method of record-keeping and currency used in medieval England. These wooden sticks were marked with notches to denote amounts of money and split into two parts: one for the debtor and one for the creditor. The notches represented the amount owed, and the split stick ensured that both parties held a matching record, making counterfeiting extremely difficult.
Tally sticks served multiple purposes:
Recording Transactions: They kept a reliable record of debts and payments.
Preventing Fraud: The physical nature of the split sticks provided a secure method to prevent tampering.
Facilitating Trade: They were used as a medium of exchange, enabling trade even when coinage was scarce.
Lincoln Greenbacks: A Civil War Innovation
During the American Civil War, President Abraham Lincoln faced a severe shortage of gold and silver to finance the war effort. In response, the government issued "greenbacks," a form of paper currency not backed by gold but by the government's credit. The greenbacks served as a ledger-based system, recording the government’s promise to pay the bearer a certain amount of money.
Key aspects of greenbacks included:
Liquidity Provision: They provided much-needed liquidity in a time of financial crisis.
Government Trust: Their value was derived from the trust in the government’s ability to repay its debts.
Economic Stability: By injecting liquidity, greenbacks helped stabilize the economy during wartime.
Alberta Prosperity Certificates: A Depression-Era Solution
Premier William Aberhart introduced Alberta Prosperity Certificates in 1936 to combat the economic hardships of the Great Depression. These certificates were issued by the provincial government and could be used to buy goods and services, or settle debts within Alberta. Similar to greenbacks, they were not backed by traditional reserves, such as gold that had been monetized beyond what should have been allowed, but by the government’s commitment to accept them for tax payments.
The Prosperity Certificates had several significant features:
Enhancing Liquidity: They injected liquidity into a struggling economy, enabling transactions and stimulating economic activity.
Government Backing: They could be issued for relief, for
road work, and other government expenditures.
Encouraging Spending: The certificates included a mechanism to encourage their use, helping to circulate money in the local economy.
This approach is similar to modern fiat currencies like the Canadian dollar, which is also not backed by gold. Both the Alberta Prosperity Certificates and the Canadian dollar derive their value from the trust in the government's ability to manage the economy rather than from a physical commodity. The transition away from the gold standard, where currencies were loosely linked to a specific amount of gold, began in the early 20th century and was largely completed by August 15, 1971. Today, the value of the Canadian dollar is determined by various factors, including economic indicators, market demand and supply, interest rates, money printing and overall confidence in the Canadian economy and our Prime Minister.
At 1.226 trillion debt we're in an economic death-spiral. We need to cut up Trudeau's credit cards. He's out of control. Or we need to encourage him to debase the Canadian dollar more and store our wealth in bitcoin. Why tax the Canadian people when you can just print money and the Canadian people will say “At least I can still buy a cup of coffee with my devalued Canadian dollar.”
Bitcoin: The Modern Digital Ledger
Bitcoin, introduced in 2009 by an anonymous entity known as Satoshi Nakamoto, represents the evolution of the currency ledger into the digital age. Bitcoin’s ledger is changed via proof of electricity (the blockchain miners) and is a decentralized, immutable record of all transactions that have ever occurred on the network. Bitcoin uses sats for liquidity. 100 million sats equals 1 bitcoin. Right now, 1 Canadian dollar can buy you 1048 sats. Or a better way of expressing value is how much your sats can buy. My neighbor sells me pasture raised eggs for 5,000 sats. I sell my 1 lb of saskatoons for 6,600 sats or 1 lb of hamburger for 5,000 sats. I have been paying my neighbor 50,000 sats for a shoulder message. Bitcoin for me and certain parts of the world works like a digital ledger for goods and services, but we are still early only 400 million people use bitcoin and most of them use bitcoin as a store of value and not a means of exchange. Most Canadians are so naive they think our Canadian Prime Minister taxes and spends rather than prints and spends and they think storing value in Canadian dollars is a good idea. The Canadian dollar is backed by nothing!
Decentralization and Trust
Unlike traditional currencies, Bitcoin operates on a decentralized network of computers (nodes). This decentralization ensures that no single entity controls the currency, enhancing security and trust among users.
Immutable Ledger: Once a transaction is recorded on the blockchain, it cannot be altered, ensuring a transparent and tamper-proof record.
Peer-to-Peer Transactions: Bitcoin enables direct transactions between parties without intermediaries, reducing transaction fees and increasing efficiency.
Consensus Mechanism: The network uses a consensus mechanism (Proof of Work) to validate transactions, ensuring the integrity of the ledger.
Represents Value Without Resorting to Money Printing: Bitcoin's value is derived from its scarcity and the trust in its decentralized system, without the need for traditional money printing by central authorities.
Liquidity in Times of Crisis
Bitcoin's role as a sound currency provides the functions of tally sticks, greenbacks, and Prosperity Certificates. During times of economic uncertainty, Bitcoin offers an alternative means of liquidity that is independent of traditional financial systems. At least bitcoin represents truth just like the Talley stick, greenback and the prosperity certificate. The leaders in those time periods didn’t try to pretend something they made for free was based on gold, but realize it was just a ledger. I view that currency should not be debased because it needs to uphold truth.
Only bitcoin can not be alter via greed or altruistic intentions.
Borderless Transactions: Bitcoin can be used globally, providing liquidity across borders without the need for currency conversion.
Hedge Against Inflation: In countries facing hyperinflation, Bitcoin is often seen as a store of value, preserving wealth when local currencies lose value.
Accessibility: With internet access, individuals can participate in the Bitcoin economy, bypassing traditional banking systems that may be inaccessible or unreliable.
Security and Transparency
Bitcoin’s blockchain ledger provides unparalleled security and transparency:
Cryptographic Security: Transactions are secured by cryptographic algorithms, making fraud and counterfeiting nearly impossible.
Public Ledger: Anyone can view the blockchain, ensuring transparency and accountability in transactions.
Decentralized Control: No central authority can manipulate the currency, reducing the risk of systemic failures and corruption.
During times of crisis’s, liquidity allows services and products to exchange hands. The more people there are who will buy your product or service the better off we all are. If we increase the 21 million bitcoin supply (which we won’t do) we are saying the code is not right. Canada removed 10 billion of liquidity in 3 months this year. Finally, in Bitcoin, we have a system where emotions don’t play a part in the communication of the value of products. 400 million people enjoy using a currency that cannot be manipulated via governments “good/bad intentions”.
Think for yourself and question everything, my fellow pre/post bitcoin people! And be careful you don’t get scammed by the governments telling you they have something real to give you when the truth is it is only printed money. At least King Henry I, Abraham Lincoln and William Aberhart told the truth about this.

2024-04-26 16:13:18

https://m.primal.net/IAIh.png
Just wondering if Canadian users are still ok?
When the US Wallet of Satoshi users got kicked off of , Canadian users were still OK.

2024-04-25 23:50:29

https://m.primal.net/Hzvq.jpg #bitcoin

2024-04-07 02:27:56

Does anybody want to ride with us back to Canada? Most people have been well feed.
https://m.primal.net/HsAd.jpg
https://m.primal.net/HsAe.jpg

2024-04-04 01:50:15

https://m.primal.net/HrDX.jpg
#Bitcoin

2024-03-31 16:13:28

My first glass project
https://m.primal.net/HqDN.png

2024-03-03 23:11:35

We finished the escape room. Island survivor #welk
https://m.primal.net/HhSy.jpg
https://m.primal.net/HhSz.jpg

2024-02-25 17:04:42

https://youtube.com/shorts/r9a_GXYcxec?si=6BbnYeEkpUoXksHW
Pudding has been reinvented in twenty twenty four!

2024-02-23 02:11:20

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does nostr allow me to delete

2024-02-04 13:09:17

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Did the replace by fee work? I See the transaction is confirmed now.
https://mempool.space/tx/ba928440f7a4b4a004199ca60001831cccd8ce0363ae0eef99dd50ab23d171fa

2024-01-15 13:59:24

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Nothing special here.