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Börje

Old man, young bitcoiner

Public Key

npub1rg6x6f2c8avtxm07rslnhfqfst8xwdefava5f7neydlasak3u89s47w038

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nprofile1qqsp5drdy4vr7k9ndhlpc0em5syc9nn8xu57kw6ylfujxl7cwmg7rjcd46jp2

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npub1rg6x6f2c8avtxm07rslnhfqfst8xwdefava5f7neydlasak3u89s47w038

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Last Notes

2024-08-13 16:03:18

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Just like real life

2024-05-03 13:32:01

Everyone getting slashed in all directions
https://m.primal.net/IClH.jpg

2024-02-17 07:55:28

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This might actually tell something about the future of book publishing 🤔

2023-10-31 20:34:09

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Hate it when it happens

2023-10-25 12:10:46

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Aaah…. So this is the black rock everyone is speaking about!!

2023-10-24 19:00:07

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There is a point of getting skin in the game though. It forces you to learn more, or at least it brings an incentive to do so.

2023-10-24 18:56:13

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The people of Gaza would probably benefit immensely from a bitcoin beach type initiative. A lot of bitcoin culture affects your proposed layer zero as well, without people even realizing.

2023-10-21 16:56:54

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https://nakamotoinstitute.org/static/docs/cypherpunk-manifesto.txt

2023-10-21 16:40:13

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There is a time and place for both 👊

2023-10-21 16:39:07

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Sounds likely. Gold will surely have its place in the future, but it will likely not be a monetary instrument, just a raw material like any other, used for jewellry and industrial applications.

2023-10-21 16:16:49

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2023-10-08 14:29:34

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Interesting take

2023-10-04 06:57:54

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Still waiting for the first wave of HVAC optimized miners to be developed

2023-10-03 18:03:16

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2013

2023-09-25 17:35:23

https://liberlandpress.com/2023/09/22/brutal-croatian-invades-liberland-destroys-houses/

2023-09-24 11:53:34

Which is worse? Taxes or inflation?

2023-09-12 10:08:52

When a new user downloads a typical Nostr client, does the user get a default preset of relays that can be modified, or is the app empty upon opening?

2023-09-11 14:32:08

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Am I really understanding this correctly? To adapt to pre-coiners outside our echo-chamber… the suggestion is to abandon the number 1 metric to lure in pre-coiners? Abandoning the powerful NgU metric all people know as one bitcoin?

2023-09-11 11:58:16

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Personally, I’m almost always cashless. Can’t say it’s the most sensible thing to do, but yet I do. Probably because card payments are very convenient. Especially when cards are used with Apple Pay, which means that the actual plastic cards are more of a backup. I can only remember one time last year that I had to rush from a store to an ATM due to some kind of network issues… but it’s very rare. I wonder what would be the equivalent of physical cash in a hyperbitcoinized world? For situations where there is no internet or mobile connectivity available 🤔

2023-09-11 11:44:32

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Why do we even keep discussing this

2023-09-11 11:42:59

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How does Nostr handle videos? Video in general needs lots of hosting and bandwidth compared to text and pics..

2023-09-09 20:33:18

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Satoshi - the real world batman

2023-09-06 09:28:23

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Sensible reaction

2023-09-06 09:05:09

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No, but based on the interviews I’ve heard about his thesis, I believe his ideas are somewhat stuck in the era of nation states.

2023-09-06 08:46:07

Will there be wars in a hyperbitcoinized future? Who would fight them and why?
https://image.nostr.build/b3c24f9621c30427deae3c90675d2a2dc6cacfbb9fe4fd5ca8b8949a77a16002.jpg

2023-09-06 08:44:22

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Harari is overrated

2023-09-03 15:46:45

Teamwork is overrated

2023-09-01 21:28:09

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Humans have always been dreamers and storytellers, and we’ll probably always be

2023-08-27 11:11:39

One day closer to hyperbitcoinization https://cdn.nostr.build/i/069f6a214c612c24fc9ab8e408fa8b2b262bbad83292280508b178438a16b3d3.jpg

2023-08-25 22:40:12

Humanity as a whole is astronomically more capable than the hunter-gatherers were when it comes to harnessing energy and engineering new technology. We now possess knowledge and computational capabilities in our pockets that were unimaginable just decades ago and would have been deemed godly centuries ago.
A lot of this points to the fact that we seem to be on an exponential growth curve in terms of capability and intelligence. At the same time, ironically, we do not seem to be any wiser than the ancient greeks were. We still look to Sokrates, Plato and others for wisdom, and we ask the same big questions about life and the universe - and a lot of them time, the answers (or lack of answers) are still the same, despite our godly knowledge. https://cdn.nostr.build/i/2edb24f477c4d7b9a39ca0f0b78b36e6318bab97c7e061f7843627c231783ae3.jpg

2023-08-25 22:15:31

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This is just temporary. The social media conglomerates are still centralized entities and will continue to be so until they eventually die out. I see no realistic opportunity for any of them to make a U-turn into a more decentralized model - there’s just too much big company bureocracy around these companies and of course lots of financial incentives to keep doing what they are doing - produce profits to shareholders. They can (and will) be forced to comply with government policy, it’s just a matter of time. When the political landscape and narratives are aligned in a way that it’s useful for the government to do so, they will.

2023-08-25 18:04:20

Which web based nostr client is the best?

2023-08-08 16:34:37

AI is to humanity what alcohol is to the individual. They both enhances the charasteristics of the underlying person or country.
A calm person tends to become more calm with alcohol, while an aggressive person tends to become even more aggressive.
Countries that remain on a fiat standard will get more centralized and more corrupt with the rise of AI, while countries on a bitcoin standard will become more decentralized and corruption-resistant.

2023-08-03 12:00:46

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Nowadays, I think it’s more effective to use chat-gpt to summarize the key content and conclusions of a book, if you want to read it through quickly.

2023-08-03 11:58:42

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There is this old saying that ”If you don't have a life, you can always read books to live a thousand lives.”
I guess the saying can be interpreted both ways - in other words, if you live a rich life, you won’t need to read a thousand books.

2023-07-05 17:33:19

”The society that separates its scholars from its warriors will have its thinking done by cowards and its fighting by fools.”
Thucydides 460 B.C. – 395 B.C.

2023-07-02 16:26:33

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TLDR on this?

2023-07-01 21:37:23

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At least this theory seems coherent with how government officials tend to work… they create artificial problems that always have the same solution - more money to them.

2023-07-01 21:33:23

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Would love to see that separate post he mentioned

2023-07-01 21:28:25

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Building a family is a low time preference commitment. In retrospect, I regret not having embarked upon it earlier than I did. Strong families are truly underappreciated by our fiat world.

2023-06-18 22:39:45

I want an apple to be an apple and I want money to be money. If such thinking makes me a bitcoin puritan - then so be it.

2023-06-07 19:43:38

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When large paradigm shifts have occured historically, it is a rule rather than an exception that the incumbents fail to adapt and instead the new leaders emerge from the periphery. It happened so many times from the roman empire to the brittish empire.
With regards to a potential hyperbitcoinization - it should be viewed as a similar historical paradigm shift - and as such - it would be wise to assume that the liberal democracies of the west will not promote and facilitate such a paradigm shift. In fact, it is indeed clear that they are doing the exact opposite - they are resisting the change.
So from a historical perspective, the west would be the wrong place to look for, if you are looking for signs of hyperbitcoinization. Instead, the global south is likely the place.

2023-06-07 19:24:26

It may seem counter-intuitive at first, but it is a rule rather than an exception that a diverse (and fragmented) base layer protocol leads to less diverse and innovative outcomes than a unified base layer protocol. This is a generally accepted phenomena within the field of complex systems.

2023-06-07 14:14:31

AI and robotics will gradually take care of more of our daily routine tasks. Inevitably, this will eventually involve monetary transactions, including the management of some of our wallets and private keys.
Just like servants have managed the wealth of royals and nobility of the past, our robots will do so for all humans in the future.
This will massively transform how we relate to usage of money. Things like UI of LN apps won’t be as important as it is today - possibly sooner than lots of people realize. Instead - the robot will be the UI we interact with. The wallet is just a protocol that the robots communicate with, and this means that the wallets can instead be designed to maximize security and privacy, even sacrificing some degree of usability.

2023-06-07 14:10:39

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Words of wisdom

2023-06-07 09:07:18

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And this charts tells only the story about government debt. A country might appear to have a healthy amount of debt (which this charts seem to suggest about the green countries), but the truth is that many times the debt is just outsourced to corporations and citizens themselves in the form of mortgages and other types of credit.

2023-06-06 19:13:19

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Most people are followers rather than leaders.

2023-06-06 18:44:02

Based oldies like the Warren Buffetts and Charlie Mungers who refer to crypto as ”rat poison” are basically toxic bitcoin maximalists who just haven’t realized it yet.

2023-06-04 20:33:19

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The world needs more creative destruction

2023-06-02 23:17:52

Running a full node is both a responsibility and an honor for each bitcoiner.
It’s the equivalent of democracy proponents and their perspective on voting. They tend to say things like ”Be thankful for the possibility and do the responsible thing - exercise your right to vote.”

2023-06-02 20:56:04

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If we assume human life itself will always be limited by our lifetime - ie life itself is scarce in terms of time - it means humans will always have a need to guard their time, to trade their time, to spend their time. This just means that we need some type of absolute and standardized measurement tool to measure all of this with. Thus, there will likely always be a role for bitcoin.

2023-06-02 20:48:15

Bitcoin tx fees - ”The last tax”
In a hyperbitcoinized world where money and state are separated, Bitcoin transaction fees will emerge as the last form of mandatory payment, replacing traditional taxes.
The reason is the following. As governments lose the ability to print money and rely on national debt, the inefficiencies inherent in centralized government and the public sector will become transparent. Frankly - the money printer can no longer be used for cover up. This transparency will lead to a gradual privatization of various areas, and financial incentives will favor privatization which eventually eliminates the public sector all together.
Consequently, the payment of transaction fees on the Bitcoin or Lightning networks will be the sole mandatory fee for participation in both local and global economies.
Hence - it will be the last tax

2023-06-02 18:43:23

If bitcoin were to claim a certain percentage of all global assets tomorrow, and we assume global assets are worth 500 trillion USD, the equivalent value of one bitcoin would roughly be worth the following:
Bitcoin claiming 1% of global assets = 1 BTC surpasses 238,000 USD
Bitcoin claiming 5% of global assets = 1 BTC surpasses 1,2mil USD
Bitcoin claiming 10% of global assets = 1 BTC surpasses 2,4mil USD
Bitcoin claiiming 20% of global assets = 1 BTC surpasses 4,8 mil USD
Bitcoin claiming 30% of global assets = 1 BTC surpasses 7,1 mil USD
Bitcoin claiming 40% of global assets = 1 BTC surpasses 9,5 mil USD
Bitcoin claiming 50% of global assets = 1 BTC surpasses 11,9 mil USD
Each jump on the ladder can happen quickly.
”There are decades where nothing happens; and there are weeks where decades happen”

2023-06-02 18:16:29

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In a hyperbitcoinized future, tx fees might replace the role taxes today. In other words - a fee that every active user of the network is forced to pay to keep the basics of network going.

2023-06-02 18:08:18

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Smart move

2023-06-02 16:13:12

Decades of inflation is not that prices of goods and services increase - it’s that the fiat currencies are bleeding to death

2023-06-02 14:37:30

We should focus more on measuring the price of goods and services in BTC rather than looking at the ”bitcoin price”. The former is a sign of a bitcoin standard mindset, the latter a sign of an fiat investing mindset. https://nostr.build/i/d13d7b47bcdb3c41cb8cf47fc6634c33c4bcfe313749e19a7075128a523733b3.jpg

2023-06-01 12:14:17

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Yes. Competition between different vertical scaling solutions (like lightning vs ARK) is much more constructive and useful than competition between horisontal scaling solutions (bitcoin vs. altcoins).

2023-05-31 07:49:33

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The western civilisation clearly peaked in 2001

2023-05-31 07:45:34

Money should be stupid simple - that way it’s more compatible with more of humanity

2023-05-31 07:15:20

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Yeah this seems to happen with lots of new technologies. Initially, it’s hyped when it’s discovered by media etc, then eventually people realize life goes on and a couple of years pass by while the technology is almost forgotten. Over the years, the technology actually matures and finally becomes adopted by the masses.

2023-05-31 07:08:15

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This surely warrants a free bonus link for trading on Bybit???

2023-05-30 19:10:15

Crypto people have a bias rooted in the fiat economy when they argue that the future will consist of lots of cryptocurrencies. The mere term cryptocurrency implies that there are several currencies and it tells about the bias of the person using the term. In fact, the term is not even mentioned in the bitcoin whitepaper.
In the fiat era, the existence of multiple currencies was rooted in the nation-state system and the trust-based monetary systems it fostered. People placed their trust in currencies tied to their culture, language, and land. As a result, numerous fiat currencies emerged, each serving the specific needs of individual nations. This multitude of currencies reflected the diverse nature of human societies and their varying levels of trust in centralized institutions.
The digital economy, in contrast, operates within a decentralized and trustless framework. At its core, the internet is a binary world of zeros and ones, devoid of geographical or cultural boundaries. This decentralized nature eliminates the need for multiple currencies. In fact, a proliferation of cryptocurrencies in a decentralized economy would hinder its growth, resulting in a fragmented economic landscape.
The future digital economy will not be a replica of the fiat era, with a multitude of cryptocurrencies competing for dominance. Instead, it will be built upon the decentralized and trustless principles of the digital realm. The fact that the internet emerged alone rather than as a multitude of internets provides strong support for the theory that the same will happen for digital money. Bitcoin only - there is no second best.

2023-05-30 18:11:57

The 5-dollar wrench attack is similar to how bitcoin relates to advanced robotics and AI. It’s not the most technologically sophisticated action, nor the most intelligent. Yet it’s a perfectly orchestrated way of using brute force in the physical sphere to achieve a real world objective.

2023-05-29 15:46:41

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Number go up is like the mass psychosis we actually need as humanity. The rest will follow.

2023-05-28 21:09:41

Are there mobile BTC/LN-wallets apps that also have built in a bitcoin and LN node capability (pruned node) within the app? If not, why? Wouldn’t this be possible with modern mobile phone hardware? And even more so in the future as hardware gets better over time?

2023-05-27 19:40:40

Saying things like ”I Love the Blockchain, Just Not Bitcoin.”
It’s like saying that you are fascinated by the eye technology - not the human.

2023-05-26 18:30:32

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Develop new ways of integrating bitcoin mining into HVAC in general. Excess heat from mining equipment could be used for all sorts of things and it would potentially make the mining industry more decentralized over time, if more mainstream mining HVAC solutions are developed and marketed to retail and commercial customers.

2023-05-23 21:06:35

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The fact that the ruling class have abused the money printing machine as excessively as they have - will likely backfire on the whole idea of a ruling class.
I honestly have a hard time imagining a powerful ruling class in a future hyperbitcoinized world. A world economy that in fact would be rooted in the idea of ”rules without rulers”.

2023-05-23 19:46:26

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This will just look more stupid over time - especially with the upcoming arrival of electrical VTOL aircraft that will transport you from door-to-door with zero direct carbon emissions….

2023-05-23 19:44:07

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Yeah that would actually make sense. Heck, it could even be possible that AI systems will get orange pilled faster than humanity itself!

2023-05-23 16:08:08

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What about AI and bitcoin 🤔

2023-05-23 10:34:37

There are lots of examples throughout history when ”puritan” believers were frowned upon by the establishment. They argued that the puritans should not be as toxic or as close minded as they were, often driven by the dangerous centrism bias. The established view was that ”things are complex” and that it’s ”too simplistic” to argue the way the puritans argued.
One example is Hitler. Lots of politicians underestimated Hitler and his party, while thinking that the concerns raised by some about the Nazi ideology were simplistic or alarmist. The masses viewed the Nazi Party as a passing phase or a reaction to economic instability, rather than recognizing its potential for radical transformation and authoritarianism.
Peculiarly in present day, we often see the beliefs of the puritan believers as given things - the once ”simplistic ideas” have become mainstream.

2023-05-23 08:29:58

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Lack of trust tends to be rooted in lack of knowledge - the fear of the unknown

2023-05-23 08:27:21

There is an argument to be made that the fear of an over-leveraged world economy is overrated. While it is indeed true that the global debt-to-gdp ratio is higher than ever - it doesn’t mean that it is an entirely bad thing. One could argue that debt is just another word for trust. After all - to issue debt, you have to trust your counterparty. In other words - we are at record debt levels but also record trust levels. In a way, it is a natural thing to see with the rise of the internet. There is more information available than ever before, thus we can make more well-informed decisions on important mattters. It also leads to a situation where we can afford to trust others, since we generally speaking have more knowledge available. Is it a bad thing that we have more trust among individuals and businesses than ever before?

2023-05-16 14:45:11

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Perhaps it would better be called ”seemingly legitimate reasoning”

2023-05-15 19:31:50

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I think there are a few legitimate reasons to why a lot of people end up in ”crypto”.
First, they look at Bitcoin primarily as a speculative investment asset (rather than a new monetary system - an electronic peer-to-peer cash system as it is intended to be), thus applying the traditional investing wisdom number 1:
”diversify your portfolio”
So they end up diversifying, and building up a portfolio of differenent cryptocurrencies - all in order to engage in what they perceive as proper risk management.
Secondly, a lot of people just assume that the future digital economy will mimic the traditional economy - they assume it will be a world full of different currencies for different countries and for different use cases. And that bitcoin will just be part of the puzzle.

2023-05-13 21:39:14

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Compare the internet of 1992 to 2002. Ease of use typically goes hand in hand with mass adoption

2023-05-13 20:53:08

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This is far from the first - nor the last- of many similar examples. However, regular people tend to have a hard time understanding the difference between a platform and a protocol. Thus we are unlikely going to see normies bother.

2023-05-12 17:53:34

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Exactly

2023-05-10 18:24:46

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There are lots of bitcoiners who are single issue voters - all they want is a bitcoin friendly candidate. Preferably one who is distinguishing bitcoin from other crypto tokens.

2023-05-09 11:23:30

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This is a glimpse of the future, I think

2023-05-08 00:37:37

I bet miners are happy right now

2023-05-07 20:00:02

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The power of scarcity

2023-05-07 19:52:41

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Yeah I know what you mean

2023-05-07 19:47:47

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Being suspended on twitter is a badge of honor

2023-05-07 19:46:59

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This too shall pass

2023-05-07 19:45:02

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Number go up

2023-05-07 19:41:23

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No ragrets

2023-05-07 19:38:13

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Peculiar tower in a peculiar (and beautiful) region - South Tirol. At times, difficult to tell if you are in Italy, in Germany or in Austria.

2023-05-07 18:48:52

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In the 1400s and 1500s, independent artists such as authors and painters often relied on the patronage system to finance their work. This system involved securing the support of a wealthy individual, usually a noble or a member of the clergy, who would provide financial backing for the artist in exchange for the artist's services.
In the future - the same dynamics might once again become the norm. Perhaps systems such as Patreon is foreshadowing what is to come. Wealthy bitcoiners could become the future patronage.

2023-05-07 18:36:43

Will there likely be fractional reserve banking present in a future landscape of Lightning network centered banking?

2023-05-07 18:35:06

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The way electricity in our grids is produced and distributed is currently very centralized. This will likely evolve. Solar panels and batteries are both trending down in price and over time, more single family housing will have these types of systems installed - making the production of electricity much more decentralized. From this perspective, it would be a perfectly natural evolution to see small scale BTC miners becoming a default part of many HVAC systems. Miners would have lots of benefits for consumers, both by utilizing excess heat into the heating systems but also with utilizing the daily surplus solar energy which could be monetized more efficiently than today. It would also lessen the need to invest lots of money in batteries, since you could simply buy cheap electricity from the grid during the night and mine bitcoin with surplus electricity during the day.

2023-05-07 18:35:05

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2023-05-05 22:35:05

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The audacity of these people to look down on motherhood and family. Unbeliavable.

2023-05-05 18:32:10

A good book or movie is good because there are external and internal conflicts present. Conflicts make things interesting and they engage people. That's part of the success of Twitter. Nostr needs more conflicts and fights for it to be truly interesting.

2023-05-03 07:55:50

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Compared to other commodity related industries, it’s pretty easy to migrate overseas with a bitcoin mining business. I’m not sure if the administration realizes this. The proposed tax is likely just virtue signaling, but if it really would be implemented - it could easily lead to a situation where capital and competence flow abroad.

2023-05-02 14:59:32

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Buy a miner with the money and start mining non-KYC bitcoin

2023-04-30 13:31:06

Environmentalists are romantisizing nature. But the fact is that nature is brutal - so we need to be brutal back.

2023-04-29 21:39:23

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Elon has been outspoken about his pro free speech views. Could this data simply imply that Twitter itself is less self-censoring following the Elon Musk takeover, which inevitably would increase the amount of requests from governments (including a higher degree of legitimate requests than before)?