chadlupkes
Chad Lupkes

Progressive to the nth degree. #Bitcoin is part of the solution. Critical thinking is required. Bitcoin class of 2017.

Public Key

npub1murdy8k20svu38g9f9jt9k0rqkjzt677x3qrev88je4gw2erqk8scwcnel

NIP-57 Address

noisymoth1@primal.net

Profile Code

nprofile1qqsd7pkjrm98cxwgn5z5je9jm83stfp9a00rgspukrnev6589v3strcprpmhxue69uhhqmmnw3jhytnsd3skxef0wfjkccteqywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9u2n356x

Publishing to

poster.place/relay

nostr.bitcoiner.social

Author Public Key

npub1murdy8k20svu38g9f9jt9k0rqkjzt677x3qrev88je4gw2erqk8scwcnel

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Last Notes

2025-03-16 23:05:55

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Anything lower than $1M is 'fire sale', honestly. 😉

2025-03-16 17:06:50

Had a few questions for Grok this morning about tariffs, interest rates and bitcoin, found the answers really interesting. Worth sharing, I think.
https://docs.google.com/document/d/1277eLeuDeWlcVAkWPA8plw7i--Id05FB_L0bOhBpQE4/edit?usp=sharing

2025-03-10 22:47:04

Crazy dream maybe, but I wish that @nprofile…ys9t could accept Stablecoins as deposits of USD into our accounts to start earning their Bitcoin Interest. That way USD deposits would not depend on the unreliable ACH system.
@nprofile…8w09 would this be possible to set up? Or would it become a regulatory nightmare?

2025-03-04 04:51:23

Destroy, rip, tear, roar!!!
#note1w7z…wrs8

2025-02-26 16:57:20

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The only way to pay down the national debt is by balancing the budget. And that's the last thing on their agenda, given that they want to increase the debt limit by $4T to give tax breaks for the rich equaling $4.5T. What I think they should be doing is requiring legislation in Congress to adhere to PayGo rules again like we did in the 90's. It will take around 5 years to balance the budget, and then 30 years to pay off all of the long term Treasury Bonds that are on the books. I think they should be building a 1% surplus and putting that towards replacing our Tax revenue with Bitcoin mining. Buy hashrate, we don't need a strategic reserve. Bitcoin as Money should be used, not hoarded. Buy hashrate, sell the bitcoin that comes out of the miners, put the money from the sale into the general fund. Keep building that for 30 years, and income taxes become unnecessary. Tariffs become unnecessary. The US dollar explodes in value because it's not being devalued every year because of the budget deficit. And when all bonds are paid off after 30 years, switch the Medium of Exchange to the Satoshi and let's expand to the stars.

2025-02-18 15:02:09

When I think about @nprofile…m2qp and @nprofile…6dtc , what comes to mind is when Tony Stark was hammering the anvil at the beginning of Iron Man.
Chink, Chink, Chink, ... building the future, one strike at a time.

2025-02-16 22:11:44

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Four Tear Hashes? Um...

2025-02-16 18:16:21

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It makes me curious about previous transitions between administrations.

2025-02-12 06:02:39

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The Federal Reserve stopped officially reporting this data in late December. I hope it's a fluke and they start publishing again. Otherwise we won't actually know how bad it is getting, we'll just have to stack sats and hold on for dear life.

2025-02-10 16:56:26

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We should be importing raw materials as much as possible and then selling finished products. We should be doing the value add, not paying someone else to do it.

2025-02-10 16:54:40

https://on-chain-media.io/article/unraveling-bitcoin-secrets-jim-blasko

2025-02-10 16:54:25

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I have a great deal of trouble posting on Web. System keeps telling me that it cannot connect to the relays.

2025-02-09 20:38:15

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So, you're saying that most of the economic systems and financial products and services that have evolved over the past century will not survive a return to a Wealth Based monetary foundation based on hard money.
That's not a bad thing.

2025-02-09 20:02:41

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Oh excellent.
I wonder if Range-Based Set Reconciliation (RBSR) could be used to compare genomes..
there is no box.

2025-02-09 19:54:07

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Mesh Networking became popularized during the Arab Spring, and there was a lot of development work done to create apps that could cache information for later distribution once an internet connection was found. One of the largest at the time was FireChat, which was also used during political events in the US leading up to the 2016 election.
Adding mesh networking functionality to Nostr would be a huge step forward.

2025-02-09 06:09:28

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I would if I could, but nobody in my government listens to me. I'm just a citizen, and they don't care what we think.

2025-02-09 05:58:19

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Most of us don't support the systems, we usually hate them. But until I found Bitcoin, there just wasn't a viable alternative.
Now that I know that there really is an alternative, I'm stacking sats and bags of popcorn just waiting for the fireworks and for this 250 year failure to finally end.

2025-02-07 15:55:10

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Love the work you're doing on this!
One wish, that there was an indicator on the main screen that shows how strong the connection is between client and relays. Perhaps a circle around the profile icon that shows the ratio of connected (green) and disconnected (red) relays from the Settings:Network list?
I'm asking because frequently I get the notice on Web that the app is having trouble connecting to the relays.

2025-02-06 02:46:26

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The devil is in the data.

2025-02-06 02:45:43

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Comparison of Executive Orders Signed by Donald Trump and Other Recent Presidents
Donald Trump (2017–2021):
Donald Trump signed a total of 220 executive orders during his single term as president
. This averages to about 55 executive orders per year.
Barack Obama (2009–2017):
Barack Obama signed 277 executive orders over his two terms, averaging approximately 35 executive orders per year
George W. Bush (2001–2009):
George W. Bush issued 291 executive orders during his two terms, averaging about 36 executive orders per year
Bill Clinton (1993–2001):
Bill Clinton signed 364 executive orders over his two terms, averaging around 45 executive orders per year
Joe Biden (2021–2025):
As of February 2025, Joe Biden has signed 160 executive orders during his single term, which is fewer than Trump and other recent presidents
Donald Trump has signed 26 executive orders on January 20, 2025, the first day of his second term, far and away more than any US President, ever, with dozens following over the past few weeks.

2025-02-05 15:58:55

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There are always multiple dimensions to those charts.

2025-02-05 02:06:44

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and this one.
https://docs.google.com/document/d/18CbZyPr1OBJL5Ga9SN1cryVJnP7ZRJppvErcjrwwQas/edit?usp=sharing

2025-02-05 01:54:41

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The issue is a Yin/Yang with all the colors of the wind. Everything feeds on itself and each other. Our electoral system in the US was designed to be first past the post because we didn't have time to develop systems like RCV or Proportional Representation. And it takes money to run, which means you have to get money to run, the more the money the higher the probability of winning, and it's a downward spiral from there.
The best book on real democracy that I've read is the Tao of Democracy, with the idea that representatives should be chosen at random from the populace to serve a term, run for reelection to see if they have done a good job, with a max of 12 years in a chamber, House, Senate, Oval Office, Court Bench, etc. Any shorter than that and we see staff taking over, any longer and it just becomes an oligarchy.
The source of ALL our fiat debt based economic problems is budget deficits, and at least at the federal level where it counts absolutely NOBODY is talking about what it would take to balance the budget and keep it balanced.

2025-01-29 01:19:55

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@nprofile…f5zr

2025-01-29 01:18:42

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Are you trying to do a mathematical comparison for research purposes, or just checking to see how well they follow each other? https://m.primal.net/OFNX.png
https://seekingalpha.com/symbol/IBIT/momentum/performance

2025-01-28 23:36:56

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Seeking Alpha uses daily closing prices in their charts.

2025-01-28 18:57:35

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If you go by closing prices, they're all pretty much in parallel.

2025-01-28 18:12:34

What is the best way to upload a video so it is visible on Nostr, directly?
#nevent1q…e6c4

2025-01-28 15:43:33

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I was going to say the glow of an asteroid, but that works.

2025-01-28 14:54:03

A paragraph from a book on investing that I just published.
https://m.primal.net/OEXx.png

2025-01-26 19:41:47

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The US Dollar is a zombie currency. Start treating it as such.

2025-01-26 08:33:30

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Hyperbitcoinization will come if a government decides to be stupid. It means that they have tried to print their way out of disaster, which then becomes the disaster.
The only way to avoid it is to be a responsible government with a balanced budget, converting away from tax revenue towards mining revenue. The first government that ignores the Siren calls of a "Strategic Bitcoin Reserve" or some other nonsense and actually puts capital towards hashrate to build a revenue stream will win the fight against the money printers.

2025-01-26 01:57:57

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I also suggested "Do they have a market cap of at least $1T USD?"

2025-01-26 01:49:00

https://m.primal.net/OAUv.png

2025-01-26 00:31:34

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@nprofile…m38g I see parallels! Wanted to make sure you saw this.

2025-01-25 22:37:22

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...question whether doing that to random profiles is the best way to catch the attention of existing nostr users who don't want to deal with advertising...

2025-01-25 22:36:17

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I can certainly see the value of sending a zap to 'compensate' someone for screen space and time taken, but I really question whether doing that to random profiles. Something like that should absolutely be built into a search engine type app that operates on Nostr, which might be a specific feed where we type in what we are looking for and then have the ability to sort by zapped advertising so that when we click on a link to learn more it pays us a bit before we pay them if we choose to buy the product or service from them.

2025-01-25 22:13:05

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Our own wallets are the Strategic Bitcoin Reserve that we have been looking for.

2025-01-25 21:59:33

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What we are seeing is the beginning of the collapse of the advertising model.
When TikTok threatened to shut down, 'influencers' were guests on tv news programs talking about how they made a living on social media using contracts with brands, advertising revenue and whatever schemes and tricks they could come up with to have money come in. Lying was on the table, cheating was necessary and encouraged, stealing other people's sponsorship deals was all part of the game. But actual work? Meh, that's so 20th century. I'm in chats on X where it's all the tricks and sneaky ways to get 'impressions' so they can trigger a bigger check from the monetization formula. I find it amusing to watch, but it's like watching an episode of Idiocracy.
Proof of Work means more than just the miners. It needs to be the core mantra of our civilization if it is going to thrive. People do want to work, and they want that work to be meaningful and appreciated. So when I see a post or a comment that shows that someone has done work that I appreciate, that's when the lightning bolt comes out. Even just 21 sats is meaningful today, regardless of how much that might be worth some day in the future.
Nostr and Zaps work on the Appreciation Model. We need to kick the advertising model into the trash can. Sooo fiat.

2025-01-25 16:53:54

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Welcome! Based on what I can see, you now have Bitcoin in your Nostr wallet. Resistance is futile, party on dudes!

2025-01-24 19:23:41

The administration is preparing to test a way to send an email to all federal employees at once.
There are approx 3 million people employed by the Federal government.
What happens when they start doing "Reply All"?
Talk about a stress test.

2025-01-23 16:06:35

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The Strategic Reserve won't strengthen the dollar. The only way to actually strengthen the US Dollar is by balancing the budget and paying down the debt.

2025-01-23 02:27:26

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I will get there. I have a lot to learn first.

2025-01-22 23:08:37

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I didn't realize there was a monthly fee for the relay service. I don't have the means right now to pay for that. someday soon I hope.

2025-01-22 15:32:53

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Awesome! Just installed.
I just published an eBook on Kindle, mostly about investing in the stock market for dividends but I also go on a side rant about inflation and Bitcoin. I'm going to see if my discord community is interested in joining Flotilla to make a go of it.

2025-01-22 15:17:31

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I use IPFS Desktop, but it doesn't have enough adoption to make it worth the time. At least it doesn't take up a lot of bandwidth. A nostr client to post/share IPFS hashes of content would be really cool, but that's way beyond my skills to put together.

2025-01-21 21:09:59

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This is good. The more offramps the better.

2025-01-21 15:47:03

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I saw it as Imperial Roman as well, because that's where the Fascists in Germany got it in the 1920's, or at least that's what they claimed at the time. There really isn't much historical evidence supporting the claim, it was just used in theater during the 19th century that were set in the old Roman Empire. So even then they got it wrong.

2025-01-12 18:44:29

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According to Grok, this is OPAGO, based in Bavaria.

2025-01-04 08:54:36

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The answer, my friend, is to #grownostr.

2025-01-03 15:47:02

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Of course, then they just come back using a different npub and try again... @nprofile…6yll this is still happening.

2025-01-03 15:45:00

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If you mute a profile, I believe it also blocks the DM.

2025-01-03 03:50:00

Happy Birthday, Bitcoin!
https://m.primal.net/NPqY.png

2025-01-03 02:42:24

I am not a maximalist. I don't have all of my capital in Bitcoin. And while I have a regular DCA of what I can afford going into Strike/BTC, I also put capital into a fully diversified investment strategy with stocks, funds and other things. Because while Bitcoin may be the best option for a global reserve asset, unless we buy mining equipment there is no built in revenue stream that will increase our assets over time within the Bitcoin network. So my investment goal is to build a portfolio of dividend paying investments on the wall street side, and then continue to buy Bitcoin on the crypto side for the rest of my life. It would be nice never to have to "sell" a single sat, only use them for zaps towards posts on Nostr that I like.
https://m.primal.net/NPnp.png

2025-01-02 23:21:36

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I still don't see a lightning bolt, but I do have notification that you sent a zap at 12:25pm PST.

2025-01-02 22:34:00

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No, I don't see a lightning bolt on it.

2025-01-02 02:59:28

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search algorithms to help us find content, not filters to control content.

2025-01-02 02:58:34

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true journalism requires the appreciation model.

2025-01-01 22:48:14

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Primal on Android.

2025-01-01 21:05:15

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Unable to zap, but thanks for your hard work!!

2025-01-01 18:30:05

Just saw a video from Katharina Pistor about her book "The Code of Capital". This was shared with me on Facebook after I asked my wall "What is Money", and it's an interesting set of concepts.
https://www.youtube.com/watch?v=m81pkJs5fcY
My comments in response:
First aspect, Priority, is enforced within the Bitcoin network in several ways. First, on the non-custodial blockchain itself, if you don't have the keys to a wallet, none of the assets in that wallet are available to you. Zero. It doesn't matter what the law says, it doesn't matter how much force is used, without those keys the assets can't be touched or manipulated. Second, in custodial wallets, you can have institutions working in the same way that banks work in the fiat world, giving you access to your assets but keeping the keys safe so that if the law identifies those assets as being needed to pay a debt, they can be accessed without undo force. If a court requires a bank to open an account and pay someone from the assets, they can and will do that. Perhaps that is why so much effort is being made to bring as much Bitcoin as possible under the control of financial institutions, governments and other potential third parties. They will never get all of it, there will always be some on-chain that are excluded from legal control, but if they can build financial tools and infrastructure using custodial wallets it can work exactly like the current fiat custodial system with the added advantage of the limited supply. Which I'm sure some people are trying to get around, but we'll deal with that eventually.
Second aspect, Durability, is absolute within the Bitcoin network. Much like Capital itself is a conceptual framework, the blockchain makes it visible exactly how much of the 21 million BTC that are available are in each and every wallet address at any given time. Once released by a miner, BTC can neither be created nor destroyed, only transferred between wallets.
Third aspect, Universality, is also part of the reason Bitcoin is superior because the asset is pure mathematical and computer code, making it completely safe against destruction. And if contracts in custodial systems like I described above are put into place, guarantees can be made that a certain amount of capital is available to replenish "lost" BTC from a reserve if someone is stupid with their keys or one of those third party custodial systems is hacked.
Convertibility is a potential weakness in that there is only one form of BTC, and that's the numbers on the blockchain. In order to convert those numbers to other types of assets, it requires an exchange of value. And "cash" or physical representations of BTC do not exist, except as perhaps printed materials related to wallets on custodial third party controlled accounts. Again, goes back to whether third party custodial systems are needed, and in order for the current players in the financial games to keep control over our lives and our nations, they probably feel the need to take control over as much BTC as possible as quickly as possible so that they can continue to keep that control.
The enforcement mechanism in the pure non-custodial blockchain system is simply the keys, nothing else exists. And third party actors, meaning any institution or legal entity, are unable to overcome that in the context of BTC. I agree with her premise that these various sources of law have all of the power in the fiat systems. But they have NO power in the on-chain system. It's pure peer-to-peer.

2025-01-01 18:23:32

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I usually joke that I'm looking forward to moving to an orbital station in the Sol-Earth L5 area. But that will take at least a few hundred years to construct.

2025-01-01 17:38:40

Once we end the tyranny of currency that loses purchasing power over time, we can dispense with the primitive idea that the goal of business is to accumulate wealth, and instead focus on the real reason we have competition and cooperation, which is to lower costs.

2025-01-01 17:38:12

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And it seems to be working this morning? maybe something related to the clock...
Happy New Year!

2025-01-01 17:36:11

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I'm having trouble with the Android app.

2025-01-01 08:31:15

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Eventually, all social media roads lead to Nostr. But yeah, most profiles are ones I would not to read. The nice thing is that with the way Nostr works, I wouldn't have to.

2025-01-01 07:50:28

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Absolutely. And it's great to not be limited by the app. Wish X and FB were on the Nostr network.

2025-01-01 07:39:10

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I love it, however it's currently giving me an error when I try to post or reply. When is the next update?

2025-01-01 07:06:09

May 2025 see all of our dreams come true!!
Happy New Year!

2024-12-29 19:37:07

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I agree with you. Congress won't do it. They would rather see the United States fall as a nation state than do the right thing. And that's what the history books will record.

2024-12-29 19:34:37

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"Yes, and..." is the core of improvisation. And that's what this network is, a giant improv stage. It's so beautiful.

2024-12-29 19:32:17

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I'm looking forward to a consensus on the part of developers on what the best implementation of Groups should be on the Nostr network. Being able to see the same posts and profiles followed/followers on the different apps is great. Being able to see the same messages 1:1 on different apps is also great. But when I can go to Primal, Amethyst, OxChat and Satlantis and see the same Group conversations, that's when things will really start to explode.

2024-12-29 18:40:19

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Whoever wrote that doesn't understand open blockchains. I don't need an exchange to track data, I just need a service that can read blockchain transactions and compile it into a list that the IRS will accept. I use a company out of Germany, and have never had a problem.

2024-12-29 18:34:23

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Already exists. https://connect.nos.social/
I use it, and whenever I post something on Nostr it automatically appears on my X feed.

2024-12-29 17:34:53

My conclusion based on years of reading and making connections is that budget deficits are the actual source of ALL of these issues, and those started in the 1960's with the Vietnam War, Great Society, Apollo and other factors. Our government's refusal to balance the budget forces us to shove more and more US Dollars into circulation, far away above and beyond what a growing population can absorb by having more demand for goods and services. So every single year that we have a shortfall and we have to go further into debt to issue new currency, the people who buy the treasury bonds get the coupons and then later when the bonds mature they get more money to spend in the economy. The individuals and institutions who are buying those treasuries are not middle class or working class, they are upper class and institutions. And what do upper class and institutions do with new money that comes in as revenue? They buy stocks and high ticket items. Enter "Lifestyles of the Rich and Famous". That was a TV show in the 1980's that was SUPPOSED to show how insane it was that people have this much extra capital, but instead it got spun into a "I wish I were a Rich Man" show where everyone in America was promised that if we worked hard enough for 4 decades, we could afford $100 Million dollar mansions and thousand foot yachts.
If we don't balance the budget, the US Dollar will go to zero. Milk will cost $50 per gallon. Million dollar homes will be dumps that nobody wants. Education will be so expensive, nobody will attend classes except the ultra rich. Charles Dickens will be rolling in his grave.
Balance the !@#$%^& budget at the federal level. If any politician doesn't show you a plan to do that, and if any member of the House or Senate doesn't have that as their top priority, vote against them.

2024-12-29 17:30:42

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Competition should be a quest for efficiency and new ideas.
Diplomacy is shaking an opponent's hand before a match, and a hug after the match.
Cooperation can yield similar results, but it's all a matter of how we think about it.

2024-12-29 01:32:27

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How DARE you think outside their precious box!

2024-12-28 22:42:13

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At least to me, if we are using Bitcoin to buy goods and services that we value, it means that we are keeping the value within the Bitcoin network.

2024-12-28 18:01:09

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Tempting, but it really depends on how the bridge is built. I don't want to have to create a Bluesky account myself, but I wouldn't mind being able to see posts and follow profiles from there if there are people worth following.
As far as the number of people commenting concerns about Bluesky being too 'left leaning', I have to ask if you really understand what Nostr is and why it exists. Nostr is the social media protocol platform for the global civilization that we are building. It's not a silo where we only see the posts and profiles that agree with us. Should Bitcoin also only be allowed to be owned and controlled by the far right? Come on, we're better than that. At least I hope.

2024-12-28 17:49:27

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It means we would be able to see and follow profiles on Bluesky, and they would be able to see and follow profiles on Nostr. In theory we would not need a bluesky account ourselves, which is how I've seen it work with Mastadon and other services on the Federated network. Basically it would be a 'giant sucking sound' as people realize that Nostr posting is so much better and that all social media roads lead to Nostr.

2024-12-28 17:22:32

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who dis?!?!

2024-12-28 17:20:29

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It's subjective. If you HODL, you'll help support the price, and you won't lose capital. if you use it, you'll be boosting adoption. so it really depends on your personal priorities.

2024-12-27 21:08:57

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Capital is an abstract concept. Gold is a representation of capital. So is the US Dollar, so is MSTR stock and so is Bitcoin. All just representations of the abstraction.
The question is which representation is the best one to use for any given use case. And the answer changes depending on circumstances and time.
Just because Satoshi did not use the word "Capital" in his whitepaper or in communications with others doesn't mean that Bitcoin is not capital. Terminology does not make something what it is, function does.
Capital is the abstration behind Money, and Money has all properties: Store of Value, Medium of Exchange, Unit of Account. Words get in the way here, they don't help.
Saylor is a businessman, in the United States. Of course he is going to talk about money in terms of the US Dollar. That's not a surprise, it's just the default.
I agree with you that anything tied to the value of the US Dollar is going to go to zero against Bitcoin. USDC, USDT, anything related. No question.
But that doesn't mean that the USD and stablecoins are not representations of capital that we can or should use. It means that if we set our default to BTC, we will be building. If that default is set to USD, we will be sinking.
I'd rather build than sink.

2024-12-26 00:07:08

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I agree with this.
Imagine a client that can connect to Ethereum wallets so people can pass tokens around. They would still have to pay the transfer fees, paying in ETH, but it would integrate that entire ecosystem into the existing Nostr social network. It might be a bit confusing for people to try and zap across that barrier, but that would just encourage the development of ways to zap across the blockchain networks. Maybe WBTC?
We don't want to completely restrict Nostr to Bitcoin Only, because we want to focus on adoption first.

2024-12-25 22:08:02

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A feature that would be completely amazing on Nostr would be the ability to create a knowledge graph of your posts, actions, zaps and network. Being able to see it as a 2D or even 3D view of who we are connecting with, how those connections interact, and what our network looks like.

2024-12-24 17:28:42

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3. Endgame for the US Dollar
I'm actually thinking about the opposite result. If the debt is slowly paid down over time, the amount of currency in circulation would slowly diminish over time, resulting in higher purchasing power per unit, which would try to keep up with the deflationary aspect of Bitcoin itself. It wouldn't be 1:1, but it would be deflation. I know that most economists claim that deflation is a bad thing because if money is going up in value and purchasing power people might decide to delay purchases today because they might be able to get more tomorrow, but I believe that kind of slowdown would not be catastrophic but a worthwhile exercise to help determine what goods and services people actually want instead of just buying because they know that prices are going up. Maybe people would want to buy quality more. Maybe manufacturers would want to MAKE quality goods and services again because they know if they don't customers won't come back or will wait until someone offers something better.
In the 1920's and 30's, Germany printed their currency because they were trying to pay off the debts from WWI. It was a disaster. I'm not suggesting that we print our way out of this, I'm suggesting that we actually think our way out of it.

2024-12-23 01:42:39

Bitcoin does not need the United States Government.
The United States Government needs Bitcoin.
I first need to state the endgame goal, which is to replace the debt based fiat currency system with a wealth based hard money system. No more currency debasement by printing, no more governments that have to pay off international slavery loans or face sanctions by their trading partners. I believe that Bitcoin could be used as an international standard for the base layer wealth measurement system that underpins a global monetary system, but everyone is going to have to agree to that before it happens.
The ideal path for me would be as follows:
The United States Federal Government balances the budget. This is not going to be a quick process, but it was done in the past and can be done again. Easiest thing to do would be for Congress to start using Pay As You Go rules for legislation again. If someone files a bill in Congress that results in an expense, that piece of legislation needs to identify the exact funding source for that expense on a 1:1 ratio. We did this up to the 2001 budget in the late 90's and it worked. But the Afghanistan/Iraq war years destroyed it, and Congress has refused to use PayGo rules ever since. It's still on the books, they just need to enforce it.
Once we have a balanced budget, and indeed during the time period when we are trying to get to that point again, 1% of all federal revenue is directed towards Bitcoin Mining. Not a Strategic Reserve, but actual hash contracts that are funded by the Federal Government. The Bitcoin that is generated by these miners is not held or hoarded, but used. At first it would be sold at market rate and the resulting dollars would be added to the general fund. The more hash contracts are in place, the more the revenue would be, and the more the general fund is supported. Positive feedback loop.
When the budget is balanced, we keep it balanced. We pay off existing bonds, bills and notes as they come due as part of the regular expenditures. We don't need to sell any more bonds because the expenditures are paid for by selling the Bitcoin that the miners continue to generate. And as the debt is slowly paid off, the number of US Dollars in the system slowly begins to go down over time. Gradually the business world changes over to using Bitcoin, not just as a reserve asset store of value but as a medium of exchange and unit of account. Things are still priced in dollars, because that's a huge change that we won't be ready for until a decade or two passes.
Celebrations across the country erupt when the final 30 year Treasury Bond is paid off, and the US Government formally transitions over to the Satoshi as the base money, joining many other nations around the world that were able to do that already.

2024-12-22 17:39:04

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The most important question I would have for you is why. If Congress isn't going to bother to try and save the US national currency, why should we do anything?

2024-12-22 15:55:44

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did you read my longer story form answer below?

2024-12-22 01:36:16

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Nobody sane is saying it will or even should happen overnight.

2024-12-22 00:26:30

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The US Dollar doesn't need to be backed.
It needs to be destroyed.

2024-12-20 19:19:46

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Thank you. always willing to accept that I was wrong when presented with evidence.
I still think it's stupid, but I guess that's the world we live in.

2024-12-20 17:59:58

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I've looked at the charges that were filed. That is not one of them.
https://www.justice.gov/d9/2024-12/signed_complaint_mangione.pdf
If you have different information, please share.

2024-12-20 16:07:40

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That is not one of the charges filed against him.

2024-12-20 15:58:49

Saw a meme this morning.
What's preventing the 99% from overthrowing the 1%?
Lifetimes of indoctrination and the most ubiquitous propaganda network ever assembled.
And the strongest leg of that propaganda network is the belief that the US Dollar and other fiat currencies are Money. They are not.
Fix the money, fix the world.

2024-12-18 15:36:40

I think we have a scam operator on the Nostr network. Heads up, and please let me know if I'm missing anything.
Yesterday I got a lightning invoice via Messages on Primal from an npub with 0 following and 0 followers:
npub1328ynyhjgv3jkmxudl70n25ls3zfm57mucs4qvyzehmsfh36deyq8cr2m6
The message was basically an advertisement from a relay, nostr.extrabits.io, that I did not have on my regular relay list, but DOES show up on the list of relays in my settings, at least while this lightning invoice is active (It runs for an hour and then expires).
I looked up the domain, and it does have a link to a Nostr npub for a Jamin at npub1e76y89fn094scpkzl6vvh7d6qyzysmgtg494ympu3cs9mczvkadq0p7rxg Looks like he was active a year ago, but nothing since.
If this had been a one time deal, I would have ignored it. But I'm wondering how many people are getting these invoices and paying them without actually looking to see if this relay is one that they have added to their network list. Interesting way to collect sats without doing a lot of work.
Anyway, if Jamin is watching, please explain how this works and if I'm missing anything. If not, then this is just a scam and I'm worried how many people are getting sats stolen by the scheme. Stay humble AND vigilant.

2024-12-15 06:14:04

Grok is interesting.
https://m.primal.net/Mway.png

2024-12-12 06:27:45

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Bitcoin is the ultimate manifestation of Capital.
Nostr is the ultimate manifestation of Trust.
There are two other fundamental resources of civilization that we need to build tools for. Information and Innovation.
Information could be done with a system like IPFS, where files are stored as hashes that cannot be changed, only built upon.
Innovation could be done with a system like Git built upon a secure information storage and communication system like Nostr.
Capital, Trust, Information and Innovation. These four resources work together to link and grow a civilization beyond what physical laws and energy can do, and they only exist when neural networks grow to a level of complexity that we have seen develop over the last 10,000 years. It's time to actually build a civilization worthy of passing on to our children so that they can expand to and explore the stars.

2024-12-10 06:25:25

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Could you tap into the IPFS network for distributed cloud storage?

2024-12-10 06:24:02

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Similar to what IPFS can do. I've always wished that we could tap into that.