@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/900550

@ a012dc82:6458a70d

In the dynamic and often unpredictable world of cryptocurrency, the opinions and predictions of financial pundits like Jim Cramer, the host of CNBC's "Mad Money," can significantly sway market sentiments and investor behavior. Cramer, known for his incisive and sometimes controversial market insights, has recently turned his attention to Bitcoin, the leading cryptocurrency. His latest comments suggest a bearish outlook on Bitcoin, which has sparked intense discussions and speculations within the crypto community. This development is particularly noteworthy given Cramer's influence and the weight his opinions often carry in financial circles. His views on Bitcoin are not just idle chatter; they have the potential to shape market trends and influence investment strategies.

Table of Contents

• Cramer's Changing Stance on Bitcoin

  • Historical Perspective

  • The "Reverse Cramer Effect"

• Market Reactions and Speculations

  • Analyzing Past Trends

  • The Role of Bitcoin ETFs

• Implications for Investors

  • Navigating Market Sentiments

  • The Future of Bitcoin

• Conclusion

• FAQs

Cramer's Changing Stance on Bitcoin

Historical Perspective

Jim Cramer's relationship with Bitcoin has been a rollercoaster of changing opinions and stances. Initially skeptical, Cramer warmed up to Bitcoin, acknowledging its potential as an investment asset. However, his recent bearish comments mark a significant shift from his earlier views. This change is intriguing, as it comes at a time when Bitcoin has been showing signs of recovery and gaining mainstream acceptance. Cramer's influence in the financial world means that his opinions are closely monitored and can lead to tangible market reactions. His latest stance, suggesting that Bitcoin is "topping out," has therefore raised eyebrows and led to debates about the future direction of the cryptocurrency.

The "Reverse Cramer Effect"

The phenomenon known as the "reverse Cramer effect" has become a topic of interest among investors and market analysts. This effect, where the market tends to move in the opposite direction of Cramer's advice, has been observed on multiple occasions. For example, after Cramer advised investors to sell Bitcoin in April 2023, the cryptocurrency's price surged, defying his predictions. This pattern has led some investors to view Cramer's predictions as a contrarian indicator. The consistency of this effect raises questions about market psychology and the influence of prominent financial figures on investor behavior. It also underscores the complexity and unpredictability of the cryptocurrency market, where sentiment can often drive price movements more than fundamentals.

Market Reactions and Speculations

Analyzing Past Trends

The market's reaction to Cramer's comments is not just a matter of idle speculation; it has real implications for investors and traders. The "reverse Cramer effect" has been noted not just in the case of Bitcoin but also in other financial markets. This phenomenon suggests a deeper, perhaps psychological, aspect of market behavior where investors might be inclined to react contrarily to prominent predictions. The recent bearish stance by Cramer on Bitcoin thus becomes a focal point for market watchers. If history is any guide, this could very well be an inadvertent signal for a bullish phase for Bitcoin.

The Role of Bitcoin ETFs

The potential approval of Bitcoin ETFs by the SEC is a significant development in the cryptocurrency world. These ETFs would provide a more accessible and regulated avenue for investing in Bitcoin, potentially attracting a new class of investors. The approval of these ETFs could be a game-changer for Bitcoin's price, as it would represent a major step towards mainstream acceptance and institutional investment. The timing of Cramer's comments in the context of these developments adds an interesting dimension to market speculations. If the SEC does approve Bitcoin ETFs, and the "reverse Cramer effect" holds true, we could witness a substantial bull run in Bitcoin's price.

Implications for Investors

Navigating Market Sentiments

For investors, the "reverse Cramer effect" and the potential approval of Bitcoin ETFs present a complex scenario. While it's tempting to base investment decisions on the predictions of market experts, the unpredictable nature of cryptocurrencies requires a more nuanced approach. Investors need to consider a range of factors, including market trends, technological developments, regulatory changes, and broader economic indicators. The case of Jim Cramer's shifting stance on Bitcoin highlights the importance of not relying solely on expert opinions but also conducting independent research and analysis.

The Future of Bitcoin

The future of Bitcoin, as suggested by the recent developments and Cramer's comments, appears to be at a potential turning point. While the possibility of a bull market looms, it's important to remember the inherent volatility and risks associated with cryptocurrencies. The market's response to Cramer's comments, coupled with the potential regulatory advancements like Bitcoin ETFs, could indeed set the stage for significant price movements. However, investors should remain cautious and diversified in their approach, keeping in mind that the cryptocurrency market is still maturing and subject to rapid changes.

Conclusion

Jim Cramer's recent bearish comments on Bitcoin have stirred up a wave of discussions and speculations about the future of this leading cryptocurrency. While his track record suggests the possibility of an upcoming bull market, the volatile and unpredictable nature of the crypto world warrants a cautious approach. Investors should weigh Cramer's opinions alongside other market indicators and conduct thorough research before making investment decisions. As the cryptocurrency landscape continues to evolve, staying informed, adaptable, and prudent remains crucial for navigating the market's ebbs and flows.

FAQs

Who is Jim Cramer? Jim Cramer is a well-known financial expert and the host of CNBC's "Mad Money." He is recognized for his bold market predictions and has a significant influence in the financial world.

What is the "Reverse Cramer Effect"? The "Reverse Cramer Effect" refers to a phenomenon where the market tends to move in the opposite direction of Jim Cramer's predictions. This has been observed particularly in the cryptocurrency market with Bitcoin.

Why are Jim Cramer's comments on Bitcoin important? Cramer's comments are closely followed by investors and can influence market trends. His recent bearish stance on Bitcoin has sparked discussions and speculations about a potential bull market due to the "Reverse Cramer Effect."

What impact could Bitcoin ETFs have on the market? The approval of Bitcoin ETFs (Exchange Traded Funds) by the SEC could significantly boost Bitcoin's price by providing a regulated and accessible investment avenue, potentially attracting more mainstream and institutional investors.

Should investors base their decisions solely on Jim Cramer's predictions? While Cramer's opinions are influential, investors are advised to conduct their own research and consider a range of factors before making investment decisions, due to the unpredictable nature of the cryptocurrency market.

That's all for today

If you want more, be sure to follow us on:

NOSTR: croxroad@getalby.com

X: @croxroadnewsco

Instagram: @croxroadnews.co/

Youtube: @thebitcoinlibertarian

Store: https://croxroad.store

Subscribe to CROX ROAD Bitcoin Only Daily Newsletter

https://www.croxroad.co/subscribe

Get Orange Pill App And Connect With Bitcoiners In Your Area. Stack Friends Who Stack Sats link: https://signup.theorangepillapp.com/opa/croxroad

Buy Bitcoin Books At Konsensus Network Store. 10% Discount With Code “21croxroad” link: https://bitcoinbook.shop?ref=21croxroad

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ 8947a945:9bfcf626

Chef's notes

https://video.nostr.build/ea19333ab7f700a6557b6f52f1f8cfe214671444687fa7ea56a18e5d751fe0a9.mp4

https://video.nostr.build/bcae8d39e22f66689d51f34e44ecabdf7a57b5099cc456e3e0f29446b1dfd0de.mp4

Details

• ⏲️ Prep time: 5 min
• 🍳 Cook time: 5 min
• 🍽️ Servings: 1

Ingredients

• ไข่ 1 - 2 ฟอง
• ข้าวโอ๊ต 3 - 4 ช้อน

Directions

1. ตอกไข่ + ตีไข่
2. ปรุงรส พริกไทย หรือ ซอสถั่วเหลืองตามชอบ
3. ใส่ข้าวโอ๊ต 3 - 4 ช้อน
4. ใส่ถั่วลิสงอบ 1 - 2 หยิบมือ
5. เทน้ำใส่พอท่วมข้าวโอ๊ต
6. เข้าไมโครเวฟ ไฟแรง 1 - 2 นาที

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/899482

@ 4523be58:ba1facd0

NIP-117

The Double Ratchet Algorithm

The Double Ratchet is a key rotation algorithm for secure private messaging.

It allows us to 1) communicate on Nostr without revealing metadata (who you are communicating with and when), and 2) keep your message history and future messages safe even if your main Nostr key is compromised.

Additionally, it enables disappearing messages that become undecryptable when past message decryption keys are discarded after use.

See also: NIP-118: Nostr Double Ratchet Invites

Overview

"Double ratchet" means we use 2 "ratchets": cryptographic functions that can be rotated forward, but not backward: current keys can be used to derive next keys, but not the other way around.

Ratchet 1 uses Diffie-Hellman (DH) shared secrets and is rotated each time the other participant acknowledges a new key we have sent along with a previous message.

Ratchet 2 generates encryption keys for each message. It rotates after every message, using the previous message's key as input (and the Ratchet 1 key when it rotates). This process ensures forward secrecy for consecutive messages from the same sender in between Ratchet 1 rotations.

Nostr implementation

We implement the Double Ratchet Algorithm on Nostr similarly to Signal's Double Ratchet with header encryption, but encrypting the message headers with NIP-44 conversation keys instead of symmetric header keys.

Ratchet 1 keys are standard Nostr keys. In addition to encryption, they are also used for publishing and subscribing to messages on Nostr. As they are rotated and not linked to public Nostr identities, metadata privacy is preserved.

Nostr event format

Message

Outer event

typescript { kind: 1060, content: encryptedInnerEvent, tags: [["header", encryptedHeader]], pubkey: ratchetPublicKey, created_at, id, sig }

We subscribe to Double Ratchet events based on author public keys which are ephemeral — not used for other purposes than the Double Ratchet session. We use the regular event kind 1060 to differentiate it from other DM kinds, retrieval of which may be restricted by relays.

The encrypted header contains our next nostr public key, our previous sending chain length and the current message number.

Inner event

Inner events must be NIP-59 Rumors (unsigned Nostr events) allowing plausible deniability.

With established Nostr event kinds, clients can implement all kinds of features, such as replies, reactions, and encrypted file sharing in private messages.

Direct message and encrypted file messages are defined in NIP-17.

Algorithm

Signal's Double Ratchet with header encryption document is a comprehensive description and explanation of the algorithm.

In this NIP, the algorithm is only described in code, in order to highlight differences to the Signal implementation.

External functions

We use the following Nostr functions (NIP-01):

• generateSecretKey() for creating Nostr private keys
• finalizeEvent(partialEvent, secretKey) for creating valid Nostr events with pubkey, id and signature

We use NIP-44 functions for encryption:

• nip44.encrypt
• nip44.decrypt
• nip44.getConversationKey

NIP-59:

• createRumor

Key derivation function:

```typescript export function kdf( input1: Uint8Array, input2: Uint8Array = new Uint8Array(32), numOutputs: number = 1 ): Uint8Array[] { const prk = hkdf_extract(sha256, input1, input2);

const outputs: Uint8Array[] = []; for (let i = 1; i <= numOutputs; i++) { outputs.push(hkdf_expand(sha256, prk, new Uint8Array([i]), 32)); } return outputs; } ```

Session state

With this information you can start or continue a Double Ratchet session. Save it locally after each sent and received message.

```typescript interface SessionState { theirCurrentNostrPublicKey?: string; theirNextNostrPublicKey: string;

ourCurrentNostrKey?: KeyPair; ourNextNostrKey: KeyPair;

rootKey: Uint8Array; receivingChainKey?: Uint8Array; sendingChainKey?: Uint8Array;

sendingChainMessageNumber: number; receivingChainMessageNumber: number; previousSendingChainMessageCount: number;

// Cache of message & header keys for handling out-of-order messages // Indexed by Nostr public key, which you can use to resubscribe to unreceived messages skippedKeys: { [pubKey: string]: { headerKeys: Uint8Array[]; messageKeys: { [msgIndex: number]: Uint8Array }; }; }; } ```

Initialization

Alice is the chat initiator and Bob is the recipient. Ephemeral keys were exchanged earlier.

```typescript static initAlice( theirEphemeralPublicKey: string, ourEphemeralNostrKey: KeyPair, sharedSecret: Uint8Array ) { // Generate ephemeral key for the next ratchet step const ourNextNostrKey = generateSecretKey();

// Use ephemeral ECDH to derive rootKey and sendingChainKey const [rootKey, sendingChainKey] = kdf( sharedSecret, nip44.getConversationKey(ourEphemeralNostrKey.private, theirEphemeralPublicKey), 2 );

return { rootKey, theirNextNostrPublicKey: theirEphemeralPublicKey, ourCurrentNostrKey: ourEphemeralNostrKey, ourNextNostrKey, receivingChainKey: undefined, sendingChainKey, sendingChainMessageNumber: 0, receivingChainMessageNumber: 0, previousSendingChainMessageCount: 0, skippedKeys: {}, }; }

static initBob( theirEphemeralPublicKey: string, ourEphemeralNostrKey: KeyPair, sharedSecret: Uint8Array ) { return { rootKey: sharedSecret, theirNextNostrPublicKey: theirEphemeralPublicKey, // Bob has no ‘current’ key at init time — Alice will send to next and trigger a ratchet step ourCurrentNostrKey: undefined, ourNextNostrKey: ourEphemeralNostrKey, receivingChainKey: undefined, sendingChainKey: undefined, sendingChainMessageNumber: 0, receivingChainMessageNumber: 0, previousSendingChainMessageCount: 0, skippedKeys: {}, }; }

```

Sending messages

```typescript sendEvent(event: Partial) { const innerEvent = nip59.createRumor(event) const [header, encryptedData] = this.ratchetEncrypt(JSON.stringify(innerEvent));

const conversationKey = nip44.getConversationKey(this.state.ourCurrentNostrKey.privateKey, this.state.theirNextNostrPublicKey); const encryptedHeader = nip44.encrypt(JSON.stringify(header), conversationKey);

const outerEvent = finalizeEvent({ content: encryptedData, kind: MESSAGE_EVENT_KIND, tags: [["header", encryptedHeader]], created_at: Math.floor(now / 1000) }, this.state.ourCurrentNostrKey.privateKey);

// Publish outerEvent on Nostr, store inner locally if needed return {outerEvent, innerEvent}; }

ratchetEncrypt(plaintext: string): [Header, string] { // Rotate sending chain key const [newSendingChainKey, messageKey] = kdf(this.state.sendingChainKey!, new Uint8Array([1]), 2); this.state.sendingChainKey = newSendingChainKey; const header: Header = { number: this.state.sendingChainMessageNumber++, nextPublicKey: this.state.ourNextNostrKey.publicKey, previousChainLength: this.state.previousSendingChainMessageCount }; return [header, nip44.encrypt(plaintext, messageKey)]; } ```

Receiving messages

```typescript handleNostrEvent(e: NostrEvent) { const [header, shouldRatchet, isSkipped] = this.decryptHeader(e);

if (!isSkipped) { if (this.state.theirNextNostrPublicKey !== header.nextPublicKey) { // Received a new key from them this.state.theirCurrentNostrPublicKey = this.state.theirNextNostrPublicKey; this.state.theirNextNostrPublicKey = header.nextPublicKey; this.updateNostrSubscriptions() }

if (shouldRatchet) {
  this.skipMessageKeys(header.previousChainLength, e.pubkey);
  this.ratchetStep(header.nextPublicKey);
}

}

decryptHeader(event: any): [Header, boolean, boolean] { const encryptedHeader = event.tags[0][1]; if (this.state.ourCurrentNostrKey) { const conversationKey = nip44.getConversationKey(this.state.ourCurrentNostrKey.privateKey, event.pubkey); try { const header = JSON.parse(nip44.decrypt(encryptedHeader, conversationKey)) as Header; return [header, false, false]; } catch (error) { // Decryption with currentSecret failed, try with nextSecret } }

const nextConversationKey = nip44.getConversationKey(this.state.ourNextNostrKey.privateKey, event.pubkey); try { const header = JSON.parse(nip44.decrypt(encryptedHeader, nextConversationKey)) as Header; return [header, true, false]; } catch (error) { // Decryption with nextSecret also failed }

const skippedKeys = this.state.skippedKeys[event.pubkey]; if (skippedKeys?.headerKeys) { // Try skipped header keys for (const key of skippedKeys.headerKeys) { try { const header = JSON.parse(nip44.decrypt(encryptedHeader, key)) as Header; return [header, false, true]; } catch (error) { // Decryption failed, try next secret } } }

throw new Error("Failed to decrypt header with current and skipped header keys"); }

ratchetDecrypt(header: Header, ciphertext: string, nostrSender: string): string { const plaintext = this.trySkippedMessageKeys(header, ciphertext, nostrSender); if (plaintext) return plaintext;

this.skipMessageKeys(header.number, nostrSender);

// Rotate receiving key const [newReceivingChainKey, messageKey] = kdf(this.state.receivingChainKey!, new Uint8Array([1]), 2); this.state.receivingChainKey = newReceivingChainKey; this.state.receivingChainMessageNumber++;

return nip44.decrypt(ciphertext, messageKey); }

ratchetStep(theirNextNostrPublicKey: string) { this.state.previousSendingChainMessageCount = this.state.sendingChainMessageNumber; this.state.sendingChainMessageNumber = 0; this.state.receivingChainMessageNumber = 0; this.state.theirNextNostrPublicKey = theirNextNostrPublicKey;

// 1st step yields the new conversation key they used const conversationKey1 = nip44.getConversationKey(this.state.ourNextNostrKey.privateKey, this.state.theirNextNostrPublicKey!); // and our corresponding receiving chain key const [theirRootKey, receivingChainKey] = kdf(this.state.rootKey, conversationKey1, 2); this.state.receivingChainKey = receivingChainKey;

// Rotate our Nostr key this.state.ourCurrentNostrKey = this.state.ourNextNostrKey; const ourNextSecretKey = generateSecretKey(); this.state.ourNextNostrKey = { publicKey: getPublicKey(ourNextSecretKey), privateKey: ourNextSecretKey };

// 2nd step yields the new conversation key we'll use const conversationKey2 = nip44.getConversationKey(this.state.ourNextNostrKey.privateKey, this.state.theirNextNostrPublicKey!); // And our corresponding sending chain key const [rootKey, sendingChainKey] = kdf(theirRootKey, conversationKey2, 2); this.state.rootKey = rootKey; this.state.sendingChainKey = sendingChainKey; }

skipMessageKeys(until: number, nostrSender: string) { if (this.state.receivingChainMessageNumber + MAX_SKIP < until) { throw new Error("Too many skipped messages"); }

if (!this.state.skippedKeys[nostrSender]) { this.state.skippedKeys[nostrSender] = { headerKeys: [], messageKeys: {} };

if (this.state.ourCurrentNostrKey) {
  const currentSecret = nip44.getConversationKey(this.state.ourCurrentNostrKey.privateKey, nostrSender);
  this.state.skippedKeys[nostrSender].headerKeys.push(currentSecret);
}
const nextSecret = nip44.getConversationKey(this.state.ourNextNostrKey.privateKey, nostrSender);
this.state.skippedKeys[nostrSender].headerKeys.push(nextSecret);

}

while (this.state.receivingChainMessageNumber < until) { const [newReceivingChainKey, messageKey] = kdf(this.state.receivingChainKey!, new Uint8Array([1]), 2); this.state.receivingChainKey = newReceivingChainKey; this.state.skippedKeys[nostrSender].messageKeys[this.state.receivingChainMessageNumber] = messageKey; this.state.receivingChainMessageNumber++; } }

trySkippedMessageKeys(header: Header, ciphertext: string, nostrSender: string): string | null { const skippedKeys = this.state.skippedKeys[nostrSender]; if (!skippedKeys) return null;

const messageKey = skippedKeys.messageKeys[header.number]; if (!messageKey) return null;

delete skippedKeys.messageKeys[header.number];

if (Object.keys(skippedKeys.messageKeys).length === 0) { delete this.state.skippedKeys[nostrSender]; }

return nip44.decrypt(ciphertext, messageKey); } ```

@ a012dc82:6458a70d

Bitcoin's journey from a cryptographic experiment to a widely recognized financial asset is a testament to the rapid evolution of digital currencies. Since its inception in 2009, Bitcoin has captivated the attention of technologists, investors, and the general public alike. Its decentralized nature and potential for high returns have made it a subject of intense interest and debate. The recent introduction of Bitcoin Exchange-Traded Funds (ETFs) marks a pivotal moment in this journey, potentially heralding a new era of mainstream acceptance for Bitcoin and other cryptocurrencies. This development is not just a milestone for Bitcoin enthusiasts but also a signal to the broader financial community about the evolving nature of investment and the growing importance of digital assets.

Table of Contents

• Understanding Bitcoin ETFs

• Bitcoin's Journey to Mainstream Acceptance

• The Impact of ETFs on Bitcoin's Perception

• Risks and Challenges

• The Future of Crypto with ETFs

• Conclusion

• FAQs

Understanding Bitcoin ETFs

A Bitcoin ETF represents a seismic shift in the way investors can access the world of cryptocurrencies. Traditionally, investing in Bitcoin required a certain level of technical know-how, including understanding cryptocurrency exchanges, digital wallets, and the concept of blockchain technology. This complexity has been a significant barrier to entry for many potential investors. A Bitcoin ETF simplifies this process dramatically. Investors can buy and sell shares of the ETF through traditional brokerage accounts, just as they would with any other stock or fund. This accessibility opens the doors to a broader range of investors, from individuals seeking to diversify their portfolios to institutional investors looking for regulated exposure to the crypto market. The ETF structure also provides added security and regulatory oversight, addressing some of the key concerns around cryptocurrency investments.

Bitcoin's Journey to Mainstream Acceptance

The path of Bitcoin to mainstream acceptance has been anything but straightforward. In its early days, Bitcoin was primarily a tool for tech enthusiasts and libertarians, valued for its decentralization and potential as an alternative to traditional currencies. Over time, its appeal broadened, attracting attention from venture capitalists and forward-thinking investors. High-profile endorsements, increasing media coverage, and a growing recognition of its potential as a hedge against inflation and currency devaluation have further propelled Bitcoin into the financial spotlight. Each surge in Bitcoin's price brought more attention and legitimacy, although it was often accompanied by skepticism and warnings of a bubble. The introduction of futures trading on major exchanges and the gradual embrace by major financial institutions have been critical in Bitcoin's journey towards legitimacy.

The Impact of ETFs on Bitcoin's Perception

The launch of Bitcoin ETFs is more than just a new investment product; it's a symbolic bridge between the traditional financial world and the frontier of cryptocurrency. For years, Bitcoin has been viewed with a mix of fascination and skepticism by the mainstream financial community. The introduction of ETFs changes this dynamic significantly. It offers a familiar and regulated framework for investing in Bitcoin, which can assuage the concerns of risk-averse investors and financial advisors. This development is likely to lead to broader acceptance and understanding of Bitcoin as a legitimate asset class, potentially leading to more stable pricing and reduced volatility. It also sets a precedent for other cryptocurrencies, suggesting a future where digital assets are as commonplace in investment portfolios as stocks and bonds.

Risks and Challenges

While Bitcoin ETFs offer new opportunities, they also come with their own set of risks and challenges. The cryptocurrency market is known for its dramatic price swings, and Bitcoin is no exception. Investors in Bitcoin ETFs must be prepared for a potentially turbulent ride. Regulatory challenges are another significant concern. The legal and regulatory framework for cryptocurrencies is still evolving, and changes in government policies or regulations could have a substantial impact on Bitcoin and Bitcoin ETFs. There's also the risk that the introduction of ETFs could lead to increased speculation and potentially inflate a price bubble. Moreover, traditional financial analysts and economists continue to express skepticism about the intrinsic value and long-term stability of Bitcoin, often comparing it to historical financial bubbles.

The Future of Crypto with ETFs

The introduction of Bitcoin ETFs could mark the beginning of a new chapter in the story of cryptocurrencies. As these products gain acceptance and attract more investment, they could pave the way for a broader range of crypto-based financial products and services. This integration into the global financial system could lead to cryptocurrencies becoming a standard part of diversified investment portfolios, alongside stocks, bonds, and commodities. The potential impact on the broader financial market is significant. Cryptocurrencies, led by Bitcoin, could challenge traditional notions of asset allocation, risk, and return. They also offer the potential for innovative financial products and services that leverage blockchain technology, further integrating digital currencies into the fabric of global finance.

Conclusion

The launch of Bitcoin ETFs is a significant milestone in the evolution of cryptocurrencies. It represents a convergence of the traditional financial world and the innovative, sometimes turbulent world of digital currencies. While this development brings new opportunities and a degree of legitimacy to Bitcoin, it also comes with challenges and risks that should not be underestimated. As the financial world continues to evolve, the role of cryptocurrencies and their impact on global markets and investment strategies will be a fascinating and important area to watch.

FAQs

How does a Bitcoin ETF differ from buying Bitcoin directly? Unlike direct Bitcoin purchases, which require a cryptocurrency exchange account and a digital wallet, a Bitcoin ETF can be bought and sold like a regular stock through a brokerage account.

Why are Bitcoin ETFs considered a milestone for cryptocurrency? Bitcoin ETFs represent a significant step towards mainstream acceptance of Bitcoin, offering a familiar and regulated investment option to both individual and institutional investors.

What are the risks involved in investing in Bitcoin ETFs? The risks include the inherent volatility of Bitcoin prices, regulatory changes, and potential market speculation that could impact the stability and value of these ETFs.

How might Bitcoin ETFs affect the future of cryptocurrencies? Bitcoin ETFs could pave the way for more crypto-based financial products, integrating digital currencies more deeply into the global financial system and potentially reshaping investment strategies.

Are Bitcoin ETFs suitable for all investors? Bitcoin ETFs, like any investment, may not be suitable for everyone. They are best suited for those who understand the high-risk nature of cryptocurrency investments and are looking to diversify their portfolio.

That's all for today

If you want more, be sure to follow us on:

NOSTR: croxroad@getalby.com

X: @croxroadnews.co

Instagram: @croxroadnews.co

Youtube: @croxroadnews

Store: https://croxroad.store

Subscribe to CROX ROAD Bitcoin Only Daily Newsletter

https://www.croxroad.co/subscribe

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ 04c915da:3dfbecc9

Here’s a revised timeline of macro-level events from The Mandibles: A Family, 2029–2047 by Lionel Shriver, reimagined in a world where Bitcoin is adopted as a widely accepted form of money, altering the original narrative’s assumptions about currency collapse and economic control. In Shriver’s original story, the failure of Bitcoin is assumed amid the dominance of the bancor and the dollar’s collapse. Here, Bitcoin’s success reshapes the economic and societal trajectory, decentralizing power and challenging state-driven outcomes.

Part One: 2029–2032

• 2029 (Early Year)\ The United States faces economic strain as the dollar weakens against global shifts. However, Bitcoin, having gained traction emerges as a viable alternative. Unlike the original timeline, the bancor—a supranational currency backed by a coalition of nations—struggles to gain footing as Bitcoin’s decentralized adoption grows among individuals and businesses worldwide, undermining both the dollar and the bancor.

• 2029 (Mid-Year: The Great Renunciation)\ Treasury bonds lose value, and the government bans Bitcoin, labeling it a threat to sovereignty (mirroring the original bancor ban). However, a Bitcoin ban proves unenforceable—its decentralized nature thwarts confiscation efforts, unlike gold in the original story. Hyperinflation hits the dollar as the U.S. prints money, but Bitcoin’s fixed supply shields adopters from currency devaluation, creating a dual-economy split: dollar users suffer, while Bitcoin users thrive.

• 2029 (Late Year)\ Dollar-based inflation soars, emptying stores of goods priced in fiat currency. Meanwhile, Bitcoin transactions flourish in underground and online markets, stabilizing trade for those plugged into the bitcoin ecosystem. Traditional supply chains falter, but peer-to-peer Bitcoin networks enable local and international exchange, reducing scarcity for early adopters. The government’s gold confiscation fails to bolster the dollar, as Bitcoin’s rise renders gold less relevant.

• 2030–2031\ Crime spikes in dollar-dependent urban areas, but Bitcoin-friendly regions see less chaos, as digital wallets and smart contracts facilitate secure trade. The U.S. government doubles down on surveillance to crack down on bitcoin use. A cultural divide deepens: centralized authority weakens in Bitcoin-adopting communities, while dollar zones descend into lawlessness.

• 2032\ By this point, Bitcoin is de facto legal tender in parts of the U.S. and globally, especially in tech-savvy or libertarian-leaning regions. The federal government’s grip slips as tax collection in dollars plummets—Bitcoin’s traceability is low, and citizens evade fiat-based levies. Rural and urban Bitcoin hubs emerge, while the dollar economy remains fractured.

Time Jump: 2032–2047

• Over 15 years, Bitcoin solidifies as a global reserve currency, eroding centralized control. The U.S. government adapts, grudgingly integrating bitcoin into policy, though regional autonomy grows as Bitcoin empowers local economies.

Part Two: 2047

• 2047 (Early Year)\ The U.S. is a hybrid state: Bitcoin is legal tender alongside a diminished dollar. Taxes are lower, collected in BTC, reducing federal overreach. Bitcoin’s adoption has decentralized power nationwide. The bancor has faded, unable to compete with Bitcoin’s grassroots momentum.

• 2047 (Mid-Year)\ Travel and trade flow freely in Bitcoin zones, with no restrictive checkpoints. The dollar economy lingers in poorer areas, marked by decay, but Bitcoin’s dominance lifts overall prosperity, as its deflationary nature incentivizes saving and investment over consumption. Global supply chains rebound, powered by bitcoin enabled efficiency.

• 2047 (Late Year)\ The U.S. is a patchwork of semi-autonomous zones, united by Bitcoin’s universal acceptance rather than federal control. Resource scarcity persists due to past disruptions, but economic stability is higher than in Shriver’s original dystopia—Bitcoin’s success prevents the authoritarian slide, fostering a freer, if imperfect, society.

Key Differences

• Currency Dynamics: Bitcoin’s triumph prevents the bancor’s dominance and mitigates hyperinflation’s worst effects, offering a lifeline outside state control.
• Government Power: Centralized authority weakens as Bitcoin evades bans and taxation, shifting power to individuals and communities.
• Societal Outcome: Instead of a surveillance state, 2047 sees a decentralized, bitcoin driven world—less oppressive, though still stratified between Bitcoin haves and have-nots.

This reimagining assumes Bitcoin overcomes Shriver’s implied skepticism to become a robust, adopted currency by 2029, fundamentally altering the novel’s bleak trajectory.

@ 6a6be47b:3e74e3e1

Hi frens, 🎨 While painting today, my mind wandered from my latest blog entryto future artistic endeavors.I've been open about my feelings as an artist, but that's just the tip of the iceberg. I realized I haven't properly introduced myself here, so let me remedy that. 🖼️Art has been my lifelong passion. Nostr and its wonderful community have reignited my belief in my work, showing me that art can be both enlightening and potentially profitable. I'm truly grateful for the warm welcome and positive vibes I've encountered here. 🦋Nostr made me feel confident enough to speak my mind on a social platform (or should I say protocol? 😉). Some fun facts about me: 🐹 I'm a "golly jolly" kind of gal who's always curious about the world and seeking answers. 🐹I'm a sunscreen enthusiast in summer (but in winter, I'm buried under so many layers, I practically double in size!) 🐹Birdwatching is a hobby of mine. I've researched and painted some cool birds like shoebills and bearded vultures. (Any suggestions for my next avian subject?) 🩷I'm truly happy to be here and grateful for each day. My goal is to spread joy through my art and interactions. Thanks for being part of this journey with me! In your personal experience, how has it been discovering Nostr wether you're an artist or not? What's you favorite part of your journey so far? Godspeed 🚀

@ a012dc82:6458a70d

The financial landscape has been dramatically reshaped with the U.S. Securities and Exchange Commission's (SEC) landmark approval of the first-ever batch of spot bitcoin exchange-traded funds (ETFs). This pivotal moment not only signifies a major leap forward for the cryptocurrency realm but also marks a significant evolution in traditional investment methodologies. The integration of Bitcoin into the ETF framework heralds a new era of digital asset investment, blending the innovative world of cryptocurrencies with the stability and familiarity of traditional financial markets. This article aims to provide a comprehensive understanding of Bitcoin ETFs, their profound implications for the investment community, and the transformative potential they hold for the future of financial diversification and strategy.

Table of Contents

• What is a Bitcoin ETF?

• The Significance of SEC’s Approval

• Impact on the Cryptocurrency Market

• Benefits for Investors

  • Enhanced Accessibility

  • Portfolio Diversification

  • Regulatory Safety Net

• Challenges and Considerations

• Conclusion

• FAQs

What is a Bitcoin ETF?

A Bitcoin ETF represents a seismic shift in investment opportunities, offering a bridge between the cutting-edge realm of cryptocurrencies and the established world of stock market investing. It functions as an investment fund that closely tracks the value of Bitcoin, allowing investors to buy shares that mirror the performance of the digital currency. These shares are traded on conventional stock exchanges, akin to stocks, thereby democratizing access to Bitcoin investment. This innovative approach eliminates the technical barriers and security concerns associated with direct cryptocurrency investments, such as understanding blockchain technology, managing digital wallets, and safeguarding private keys. By simplifying the investment process, Bitcoin ETFs are poised to attract a diverse range of investors, from seasoned stock market enthusiasts to newcomers intrigued by the potential of digital currencies.

The Significance of SEC’s Approval

The SEC's approval of Bitcoin ETFs is a watershed moment, signaling a paradigm shift in the financial sector's approach to digital assets. It's a recognition of Bitcoin's growing relevance and maturity as an investment asset, and a nod to its potential to integrate seamlessly into the broader financial system. This move is not just about regulatory compliance; it's a strong endorsement of the legitimacy and viability of cryptocurrencies. The involvement of heavyweight financial institutions in sponsoring these ETFs is a testament to the growing confidence in Bitcoin's future. This development is expected to catalyze further innovations in the cryptocurrency space, encouraging more rigorous standards, enhanced security protocols, and greater transparency, all of which are essential for mainstream acceptance and long-term growth.

Impact on the Cryptocurrency Market

The launch of Bitcoin ETFs is set to revolutionize the cryptocurrency market. By offering a regulated, familiar, and accessible investment vehicle, these ETFs are likely to attract a new demographic of investors, including those who have been on the sidelines due to the perceived complexities and risks of cryptocurrencies. This broader investor base could lead to increased market capitalization and liquidity for Bitcoin, potentially reducing volatility and fostering a more stable pricing environment. Moreover, the introduction of Bitcoin ETFs could serve as a catalyst for the development of similar products for other cryptocurrencies, paving the way for a more diverse and robust digital asset market. This could also spur innovation in blockchain technology and crypto-related services, further integrating these into the mainstream financial ecosystem.

Benefits for Investors

Enhanced Accessibility

Bitcoin ETFs represent a democratization of cryptocurrency investment, making it accessible to a wider audience. This inclusivity extends beyond individual investors to institutional ones, who may have been hesitant to invest in cryptocurrencies due to regulatory concerns or logistical complexities. By trading on major stock exchanges, Bitcoin ETFs offer a familiar and regulated environment, lowering the entry barrier for those new to digital currencies.

Portfolio Diversification

The introduction of Bitcoin ETFs offers a novel avenue for portfolio diversification. Historically, investors seeking diversification would turn to a mix of stocks, bonds, and commodities. Bitcoin ETFs add a new dimension to this mix, providing exposure to an asset class that has shown a low correlation with traditional markets. This diversification can be particularly appealing in times of economic uncertainty or inflationary pressures, where Bitcoin has often been touted as a 'digital gold'.

Regulatory Safety Net

Trading within the regulated framework of stock exchanges, Bitcoin ETFs offer a level of oversight and consumer protection not typically available in direct cryptocurrency investments. This regulatory safety net can be particularly reassuring for risk-averse investors and those concerned about the legal implications of cryptocurrency investments.

Simplified Investment and Taxation Process: Investing in Bitcoin directly involves a complex maze of tax implications and ownership challenges. Bitcoin ETFs streamline this process, offering a straightforward investment vehicle that fits neatly into existing tax and investment frameworks. This simplification is a boon for both individual investors managing their portfolios and financial advisors seeking to incorporate digital assets into their clients' strategies.

Challenges and Considerations

While Bitcoin ETFs offer numerous advantages, they are not without their challenges and risks. The cryptocurrency market, known for its volatility, presents a unique risk profile that may not be suitable for all investors. The price of Bitcoin can be influenced by a range of factors, from regulatory news to technological developments, and investor sentiment. Therefore, while ETFs provide a more accessible route to Bitcoin investment, they do not shield investors from the inherent price volatility of the underlying asset. Additionally, as with any emerging investment vehicle, there is a learning curve associated with understanding how Bitcoin ETFs fit into a broader investment strategy. Investors should conduct thorough research, consider their long-term investment goals, and possibly consult with financial advisors to understand how Bitcoin ETFs align with their risk tolerance and investment objectives.

Conclusion

The introduction of Bitcoin ETFs is a landmark development in the financial world, bridging the gap between traditional investment mechanisms and the burgeoning world of digital currencies. This innovation not only expands the accessibility of Bitcoin to a broader range of investors but also enhances the overall credibility and stability of the cryptocurrency market. As the financial landscape continues to evolve, Bitcoin ETFs stand as a beacon of the growing synergy between conventional finance and digital asset innovation, offering a glimpse into a future where such collaborations are not just possible but are a cornerstone of investment strategy. As we move forward, Bitcoin ETFs will likely play a pivotal role in shaping the dynamics of investment portfolios, offering a unique combination of innovation, accessibility, and diversification.

FAQs

What is a Bitcoin ETF? A Bitcoin ETF is an exchange-traded fund that tracks the price of Bitcoin, allowing investors to buy shares in the ETF on traditional stock exchanges, without directly purchasing and managing Bitcoin.

How does a Bitcoin ETF differ from buying Bitcoin directly? Unlike direct Bitcoin purchases, which require a cryptocurrency exchange account and a digital wallet, a Bitcoin ETF allows investors to trade shares representing Bitcoin on conventional stock exchanges, simplifying the investment process.

Are Bitcoin ETFs safe investments? While Bitcoin ETFs offer the safety of regulated stock exchanges and eliminate the need for digital wallet management, they still carry the inherent volatility and risks associated with Bitcoin prices.

Can Bitcoin ETFs be included in retirement portfolios? Yes, Bitcoin ETFs can be included in various investment portfolios, including retirement plans, offering a way to diversify with a new asset class.

What are the tax implications of investing in a Bitcoin ETF? Bitcoin ETFs simplify tax reporting compared to direct cryptocurrency investments. However, investors should consult with a tax professional to understand specific implications.

That's all for today

If you want more, be sure to follow us on:

NOSTR: croxroad@getalby.com

X: @croxroadnews.co

Instagram: @croxroadnews.co

Youtube: @croxroadnews

Store: https://croxroad.store

Subscribe to CROX ROAD Bitcoin Only Daily Newsletter

https://www.croxroad.co/subscribe

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ a95c6243:d345522c

Ständige Lügen und Unterstellungen, permanent falsche Fürsorge \ können Bausteine von emotionaler Manipulation sein. Mit dem Zweck, \ Macht und Kontrolle über eine andere Person auszuüben. \ Apotheken Umschau

Irgendetwas muss passiert sein: «Gaslighting» ist gerade Thema in vielen Medien. Heute bin ich nach längerer Zeit mal wieder über dieses Stichwort gestolpert. Das war in einem Artikel von Norbert Häring über Manipulationen des Deutschen Wetterdienstes (DWD). In diesem Fall ging es um eine Pressemitteilung vom Donnerstag zum «viel zu warmen» Winter 2024/25.

Häring wirft der Behörde vor, dreist zu lügen und Dinge auszulassen, um die Klimaangst wach zu halten. Was der Leser beim DWD nicht erfahre, sei, dass dieser Winter kälter als die drei vorangegangenen und kälter als der Durchschnitt der letzten zehn Jahre gewesen sei. Stattdessen werde der falsche Eindruck vermittelt, es würde ungebremst immer wärmer.

Wem also der zu Ende gehende Winter eher kalt vorgekommen sein sollte, mit dessen Empfinden stimme wohl etwas nicht. Das jedenfalls wolle der DWD uns einreden, so der Wirtschaftsjournalist. Und damit sind wir beim Thema Gaslighting.

Als Gaslighting wird eine Form psychischer Manipulation bezeichnet, mit der die Opfer desorientiert und zutiefst verunsichert werden, indem ihre eigene Wahrnehmung als falsch bezeichnet wird. Der Prozess führt zu Angst und Realitätsverzerrung sowie zur Zerstörung des Selbstbewusstseins. Die Bezeichnung kommt von dem britischen Theaterstück «Gas Light» aus dem Jahr 1938, in dem ein Mann mit grausamen Psychotricks seine Frau in den Wahnsinn treibt.

Damit Gaslighting funktioniert, muss das Opfer dem Täter vertrauen. Oft wird solcher Psychoterror daher im privaten oder familiären Umfeld beschrieben, ebenso wie am Arbeitsplatz. Jedoch eignen sich die Prinzipien auch perfekt zur Manipulation der Massen. Vermeintliche Autoritäten wie Ärzte und Wissenschaftler, oder «der fürsorgliche Staat» und Institutionen wie die UNO oder die WHO wollen uns doch nichts Böses. Auch Staatsmedien, Faktenchecker und diverse NGOs wurden zu «vertrauenswürdigen Quellen» erklärt. Das hat seine Wirkung.

Warum das Thema Gaslighting derzeit scheinbar so populär ist, vermag ich nicht zu sagen. Es sind aber gerade in den letzten Tagen und Wochen auffällig viele Artikel dazu erschienen, und zwar nicht nur von Psychologen. Die Frankfurter Rundschau hat gleich mehrere publiziert, und Anwälte interessieren sich dafür offenbar genauso wie Apotheker.

Die Apotheken Umschau machte sogar auf «Medical Gaslighting» aufmerksam. Davon spreche man, wenn Mediziner Symptome nicht ernst nähmen oder wenn ein gesundheitliches Problem vom behandelnden Arzt «schnöde heruntergespielt» oder abgetan würde. Kommt Ihnen das auch irgendwie bekannt vor? Der Begriff sei allerdings irreführend, da er eine manipulierende Absicht unterstellt, die «nicht gewährleistet» sei.

Apropos Gaslighting: Die noch amtierende deutsche Bundesregierung meldete heute, es gelte, «weiter [sic!] gemeinsam daran zu arbeiten, einen gerechten und dauerhaften Frieden für die Ukraine zu erreichen». Die Ukraine, wo sich am Montag «der völkerrechtswidrige Angriffskrieg zum dritten Mal jährte», verteidige ihr Land und «unsere gemeinsamen Werte».

Merken Sie etwas? Das Demokratieverständnis mag ja tatsächlich inzwischen in beiden Ländern ähnlich traurig sein. Bezüglich Friedensbemühungen ist meine Wahrnehmung jedoch eine andere. Das muss an meinem Gedächtnis liegen.

---

Dieser Beitrag ist zuerst auf Transition News erschienen.

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/895451

@ f3873798:24b3f2f3

A liberdade de expressão e a descentralização do poder estão intimamente ligadas ao avanço do pensamento humano e à construção de uma sociedade mais justa e consciente. A evolução da compreensão sobre o certo e o errado surge da comunicação, da observação empírica e da análise das consequências de ações passadas.

Para que haja uma aproximação real com a verdade e uma relação equilibrada entre a razão da vida e o convívio com o poder, é essencial garantir a liberdade de expressão. Somente por meio do livre debate de ideias é possível avaliar as diversas perspectivas, identificar erros e aprender com eles.

Embora a maioria das pessoas busque o aprendizado e a compreensão do que é correto, o apego cego a uma ideia evidentemente equivocada pode fazer com que percam o real propósito da busca pela verdade. Em vez de refletirem criticamente, muitos acabam apenas defendendo um erro pelo simples fato de se identificarem com ele.

Esse é um dos motivos pelos quais a censura tem se tornado uma ferramenta tão temida e contestada. Ilude-se quem acredita que a censura existe apenas para combater crimes e golpes. Na realidade, quanto maior a censura, mais favorecidos são aqueles que desejam ocultar informações, tornando ainda mais difícil a identificação e o combate a abusos.

Nos países livres, onde a liberdade de expressão é respeitada, há maior autonomia nas decisões políticas e um engajamento mais ativo da população. A participação cidadã fortalece o controle do povo sobre as influências que moldam o convívio social, garantindo que o poder não fique concentrado nas mãos de poucos, mas distribuído de forma mais democrática e justa.

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/894609

@ fc481c65:e280e7ba

Math is the formalization of a human idea Mathematics is a broad field of study that involves the investigation of patterns, quantities, structures, and changes in the abstract form as well as their real-world applications. It is foundational to a variety of disciplines including science, engineering, medicine, and the social sciences, providing a framework for reasoning, problem-solving, and understanding the universe.

Mathematics is composed of many subfields, including but not limited to: 1. Arithmetic: The study of numbers and the basic operations on them: addition, subtraction, multiplication, and division. 2. Algebra: The study of symbols and the rules for manipulating these symbols; it is a unifying thread of almost all of mathematics. 3. Geometry: The study of shapes, sizes, and properties of space. 4. Calculus: The study of change in mathematical functions and models, dealing with limits, derivatives, integrals, and infinite series. 5. Statistics: The study of data collection, analysis, interpretation, presentation, and organization. 6. Number Theory: The study of properties and relationships of numbers, especially the integers. 7. Topology: The study of properties that remain constant through continuous deformations, such as stretching and bending, but not tearing or gluing. 8. Applied Mathematics: Uses mathematical methods and reasoning to solve real-world problems in business, science, engineering, and other fields. Mathematics is both ancient and modern; it has a rich history stretching back thousands of years, yet it continues to develop and evolve today, with new theories, discoveries, and applications constantly emerging. It is both a rigorous discipline in its own right and an essential tool used throughout the sciences and beyond.

Pure and Applied Mathematics

Pure mathematics and applied mathematics represent two broad categories within the field of mathematics, each with its focus, methodologies, and applications. The distinction between them lies in their primary objectives and the way mathematical theories are utilized. [[Attachments/01233372a59d2dc17b937c38319d672f_MD5.jpeg|Open: Pasted image 20240405125055.png]] ![[Attachments/01233372a59d2dc17b937c38319d672f_MD5.jpeg]]

Pure Mathematics

Pure mathematics is concerned with the study of mathematical concepts independent of any application outside mathematics. It is motivated by a desire to understand abstract principles and the properties of mathematical structures. The pursuit in pure mathematics is knowledge for its own sake, not necessarily aiming to find immediate practical applications. Pure mathematicians often focus on proving theorems and exploring theoretical frameworks, driven by curiosity and the aesthetic appeal of mathematics itself. Key areas within pure mathematics include: - Algebra: The study of symbols and the rules for manipulating these symbols. - Geometry: The investigation of the properties of space and figures. - Analysis: The rigorous formulation of calculus, focusing on limits, continuity, and infinite series. - Number Theory: The study of the properties of numbers, particularly integers. - Topology: The study of properties preserved through deformations, twistings, and stretchings of objects.

Applied Mathematics

Applied mathematics, on the other hand, is focused on the development and practical use of mathematical methods to solve problems in other areas, such as science, engineering, technology, economics, business, and industry. Applied mathematics is deeply connected with empirical research and the application of mathematical models to real-world situations. It involves the formulation, study, and use of mathematical models and seeks to make predictions, optimize solutions, and develop new approaches based on mathematical theory. Key areas within applied mathematics include: - Differential Equations: Used to model rates of change in applied contexts. - Statistics and Probability: The study of data, uncertainty, and the quantification of the likelihood of events. - Computational Mathematics: The use of algorithmic techniques for solving mathematical problems more efficiently, especially those that are too large for human numerical capacity. - Mathematical Physics: The application of mathematics to solve problems in physics and the development of mathematical methods for such applications.

Is Mathematics discovered or Invented

The question of whether mathematics is discovered or invented is a philosophical one that has sparked debate among mathematicians, philosophers, and scientists for centuries. Both viewpoints offer compelling arguments, and the distinction often hinges on one's perspective on the nature of mathematical objects and the universality of mathematical truths.

Mathematics as Discovered

Those who argue that mathematics is discovered believe that mathematical truths exist independently of human thought and that mathematicians uncover these truths through investigation and reasoning. This viewpoint suggests that mathematical concepts like numbers, geometrical shapes, and even more abstract ideas have a reality that transcends human invention. The consistency of mathematical laws across cultures and times, and their applicability in accurately describing the natural world, supports the notion that mathematics is a universal truth waiting to be discovered. According to this perspective, mathematical structures exist in some abstract realm, and humans merely uncover aspects of this pre-existing world.

Mathematics as Invented

On the other hand, the viewpoint that mathematics is invented centers on the idea that mathematical concepts are human creations, designed to describe and understand the world. According to this perspective, mathematical theories and structures are the products of human thought, created to serve specific purposes in science, engineering, and other fields. This view emphasizes the role of creativity and invention in the development of mathematical ideas, suggesting that different cultures or species might develop entirely different mathematical systems depending on their needs and experiences. Proponents of this view point to the variety of mathematical systems (such as different geometries or number systems) that have been invented to solve particular types of problems, arguing that this diversity is evidence of mathematics being a human invention.

A Middle Ground

Some argue for a middle ground, suggesting that while the basic elements of mathematics are discovered, the development of complex mathematical theories and the choice of which aspects to study or develop further involve human invention and creativity. This perspective acknowledges the intrinsic properties of mathematical objects while also recognizing the role of human ingenuity in shaping the field of mathematics.

Conclusion

The debate between discovery and invention in mathematics may never be conclusively resolved, as it touches on deep philosophical questions about the nature of reality and the human mind's relationship to it. Whether one views mathematics as discovered or invented often reflects deeper beliefs about the world and our place within it.

Axioms

a particular mathematical system or theory. They serve as the foundational building blocks from which theorems and other mathematical truths are derived. Axioms are assumed to be self-evident, and their selection is based on their ability to produce a coherent and logically consistent framework for a body of mathematical knowledge. In the context of different branches of mathematics, axioms can vary significantly: - In Euclidean geometry, one of the most famous sets of axioms are Euclid's postulates, which include statements like "A straight line segment can be drawn joining any two points," and "All right angles are congruent." - In algebra, the field axioms define the properties of operations like addition and multiplication over sets of numbers. - In set theory, Zermelo-Fraenkel axioms (with the Axiom of Choice) are a set of axioms used to establish a foundation for much of modern mathematics. The role of axioms has evolved throughout the history of mathematics. Initially, they were considered self-evident truths, but as mathematics has developed, the emphasis has shifted to viewing axioms more as arbitrary starting points chosen for their usefulness in building a mathematical theory. This shift allows for the creation of different, sometimes non-intuitive, mathematical frameworks such as non-Euclidean geometries, which arise from altering Euclid's original postulates. Everything in maths is constructed based on Axioms, not observation of the scientific method! It's based only on the human logic reasoning. And the universe doesn't five a fuck to fit inside human logic reasoning.

Mathematics is not a Science

Mathematics and science are deeply interconnected, but they are distinguished by their fundamental approaches, methodologies, and objectives. The distinction between mathematics as a formal science and other natural or empirical sciences like physics, biology, and chemistry lies in the nature of their inquiry and validation methods. Maths doesn't need to prove itself through the scientific method, it only needs axioms, logic, and previous definitions. - Mathematics: Uses deduction as a primary tool. Starting from axioms and definitions, mathematicians use logical reasoning to derive theorems and propositions. The validity of mathematical statements is determined through proofs, which are arguments that demonstrate their truth within the context of axiomatic systems. - Science: Employs the scientific method, which involves hypothesis formation, experimentation, observation, and the modification of hypotheses based on empirical evidence. Scientific theories and laws are validated by their ability to predict and explain phenomena in the natural world, and they are always subject to revision in light of new evidence.

Objectives

• Mathematics: Aims to create a coherent set of rules and structures that can explain and predict outcomes within abstract systems. Its primary goal is not to describe the physical world but to explore the properties and possibilities of mathematical structures.
• Science: Aims to understand and describe the universe. The goal is to produce a body of knowledge that explains natural phenomena and can predict outcomes based on empirical evidence.

In summary, while mathematics is often used as a tool in science to model and solve problems, its focus on abstract reasoning and logical proof distinguishes it from the empirical methodologies of the natural sciences. This fundamental difference in approach and objective is why mathematics is considered a formal science or a branch of knowledge distinct from natural or physical sciences, which are based on empirical evidence and experimental validation.

@ fc481c65:e280e7ba

Starting with the basics, #statistics is a branch of #mathematics that deals with collecting, analysing, interpreting, presenting, and organising #data. It provides a way to make sense of data, see patterns, and make decisions based on data analysis. Here's a brief overview of some fundamental concepts in statistics:

1. Types of Statistics

• Descriptive Statistics: Involves summarising and organising data so it can be easily understood. Common measures include mean (average), median (middle value), mode (most frequent value), variance (measure of how spread out numbers are), and standard deviation (average distance from the mean).
• Inferential Statistics: Involves making predictions or inferences about a population based on a sample. This includes hypothesis testing, confidence intervals, and regression analysis.

2. Types of Data

• Qualitative Data (Categorical): Data that describes qualities or characteristics that cannot be measured with numbers, such as colors, names, labels, and yes/no responses.
• Quantitative Data: Data that can be measured and expressed numerically, including age, height, salary, and temperature. It can be further divided into discrete data (countable items, like the number of students in a class) and continuous data (measurable items, like height).

3. Measures of Central Tendency

• Mean: The average of a data set, found by adding all numbers and dividing by the count of numbers.
• Median: The middle value when a data set is ordered from least to greatest; if there’s an even number of observations, it is the average of the two middle numbers.
• Mode: The most frequently occurring value in a data set.

4. Measures of Spread

• Range: The difference between the highest and lowest values in a data set.
• Variance: Measures how far each number in the set is from the mean and thus from every other number in the set.
• Standard Deviation: The square root of the variance, providing a measure of the spread of a distribution of values.

5. Probability

Probability measures the likelihood of an event occurring, ranging from 0 (impossible) to 1 (certain). Understanding probability is essential for inferential statistics and making predictions based on data.

6. Sampling and Data Collection

• Population: The entire group that you want to draw conclusions about.
• Sample: A subset of the population, selected for the actual study. It’s crucial for the sample to be representative of the population to make accurate inferences.

7. Hypothesis Testing

This is a method of making decisions or inferences about population parameters based on sample statistics. It involves:

• Formulating a null hypothesis (no effect) and an alternative hypothesis (some effect).
• Calculating a test statistic based on the sample data.
• Using the test statistic to decide whether to reject the null hypothesis in favor of the alternative.

@ f3873798:24b3f2f3

Nos últimos anos, temos observado um aumento significativo nos casos de ansiedade, estresse e outros transtornos mentais. O ambiente de trabalho, especialmente no mundo cooperativo e corporativo, desempenha um papel central nesse cenário. Mas qual é a relação entre a estrutura do mercado de trabalho moderno e o crescimento dessas questões de saúde mental?

O Impacto da Cultura Cooperativa na Saúde Mental

O modelo cooperativo atual valoriza, acima de tudo, a produtividade e o cumprimento de metas rígidas. A exigência por resultados rápidos e desempenho excepcional impõe um ritmo de trabalho desumano, levando muitos profissionais à exaustão física e emocional. A pressão constante para atender expectativas impossíveis cria um ambiente hostil, contribuindo para o aumento de diagnósticos como ansiedade, depressão e burnout.

Além disso, a falta de liberdade e flexibilidade no mercado de trabalho faz com que muitos talentos sejam desperdiçados. Profissionais que poderiam inovar e criar novas oportunidades acabam se tornando apenas mais um número em grandes empresas ou no funcionalismo público, muitas vezes por falta de opções. Esse aprisionamento profissional gera frustração, baixa autoestima e até transtornos psicológicos severos.

A Evolução das Demandas e a Intensificação da Pressão

Antigamente, a busca por estabilidade em cargos públicos ou em grandes corporações era comum, mas a pressão e a exigência por resultados eram diferentes. Com o avanço da tecnologia e a digitalização dos processos, a demanda por eficiência aumentou exponencialmente. Hoje, a velocidade imposta pelo mercado ultrapassa os limites humanos, tornando o ambiente de trabalho ainda mais opressor.

Essa realidade não apenas compromete a saúde mental dos profissionais, mas também reflete no comportamento social. O estresse crônico e a frustração acumulada podem levar a episódios de agressividade, intolerância e impaciência, impactando diretamente a convivência em sociedade. O crescimento de casos de violência no trânsito, agressões em ambientes de atendimento e até mesmo crimes por motivos fúteis pode estar ligado a esse fenômeno.

O Caminho para um Mercado de Trabalho Mais Saudável

Para minimizar esses impactos, é fundamental promover maior liberdade econômica e oportunidades para pequenos empreendedores. Reduzir a dependência de grandes empresas e cooperativas pode permitir que mais pessoas encontrem satisfação profissional e desenvolvam suas vocações sem a pressão excessiva por metas irreais.

Empreendimentos menores tendem a oferecer um ambiente de trabalho mais humanizado, onde as metas são ajustadas conforme a capacidade de produção de cada indivíduo. Dessa forma, os profissionais podem atuar de maneira mais saudável e equilibrada, reduzindo os índices de transtornos mentais e promovendo uma sociedade mais harmoniosa.

@ 04c195f1:3329a1da

Yesterday's chaotic Oval Office meeting between Trump, Vance, and Zelensky exposes a harsh truth: Europe can no longer depend on American protection. The time has come for Europe to reclaim its sovereignty and rebuild as an independent power.

A Diplomatic Theater With No Happy Ending

Yesterday's chaotic scenes in the Oval Office revealed more than just diplomatic tension—they exposed the fundamental weakness of Europe's strategic position. As President Trump, Vice President Vance, and President Zelensky engaged in their uncomfortable public spectacle, one truth became painfully clear: Europe can no longer rely on American protection.

The awkward press conference featured about 40 minutes of relative calm before descending into 10 minutes of complete chaos. This final meltdown was likely never intended to produce meaningful results. Each participant appeared to be performing for different audiences—Trump and Vance signaling to their base, Zelensky demonstrating resolve to European allies. Without concrete security guarantees, any agreement would be meaningless for Ukraine, a reality all parties surely understood beforehand.

When Vance spoke of diplomacy as a "new strategy"—ignoring numerous failed diplomatic initiatives—he crossed a line that provoked Zelensky's visible frustration. The subsequent breakdown wasn't merely a failure of diplomatic protocol but the public collapse of a relationship Europe has staked its security upon.

The Price of Misguided Priorities

This moment of crisis presents an opportunity if European nations are willing to confront uncomfortable realities. The time has come for Europe to emerge as a third global power, independent from both Eastern and Western influence. However, the path forward requires acknowledging our current weaknesses.

European leadership has squandered decades pursuing ideological luxuries while our industrial and military capabilities have atrophied. While obsessing over multicultural social engineering, progressive identity politics, and globalist agendas, we've neglected the fundamental responsibilities of sovereign nations: securing borders, building defensive capabilities, and fostering national cohesion.

The defense of European nations begins with domestic policy. A society divided against itself cannot stand firm in the face of external threats. This principle applies whether discussing Sweden's defense posture or the broader European security architecture.

Photo by Christian Lue on Unsplash

Reclaiming National Identity and Purpose

To rebuild our defensive capabilities, we must first address the internal fragmentation deliberately cultivated across the political spectrum. The active policies of societal division pursued with increasing fervor since the latter half of the 20th century have undermined the very foundations of national identity and common purpose.

Strengthening national defense requires citizens who understand their shared heritage and believe their nation is worth defending. In practical terms, this means confronting difficult questions about immigration, assimilation, and the presence of potential fifth-column elements within our societies. Nations with higher social cohesion demonstrate greater willingness to defend their collective interests.

The current crisis in Ukraine and the uncertain American commitment should serve as a wake-up call. European nations must rapidly rebuild industrial capacity, military strength, and most importantly, a sense of shared purpose. This demands breaking free from the ideological constraints that have guided European politics for generations.

Although European establishment politicians show little appetite for such fundamental reassessment, events are accelerating rapidly. The dramatic scenes in Washington should catalyze serious reflection across European capitals. We cannot hold our breath waiting for political leadership to regain sense—we must push the conversation forward ourselves.

Europe stands at a crossroads. We can continue our dangerous dependence on unreliable partners, or we can reclaim our sovereignty and rebuild our strength. The choice should be obvious, but making it requires courage our leaders have thus far failed to demonstrate.

■

@ b8851a06:9b120ba1

The digital guillotine has fallen. The Bybit hack wasn’t just a theft—it was a surgical strike exposing the fatal flaw of “crypto” that isn’t Bitcoin. This wasn’t a bug. It was a feature of a system designed to fail.

Here’s how North Korea’s Lazarus Group stole $1.5B in ETH, why “decentralized finance” is a joke, and how Bitcoin remains the only exit from this circus.

I. The Heist: How Centralized “Crypto” Betrayed Its Users

A. The Multisig Mousetrap (Or: Why You’re Still Using a Bank)

Bybit’s Ethereum cold wallet used multisig, requiring multiple approvals for transactions. Sounds secure, right? Wrong. • The Con: Hackers didn’t pick the lock; they tricked the keyholders using a UI masking attack. The wallet interface showed “SEND TO BYBIT”, but the smart contract was whispering “SEND TO PYONGYANG.” • Bitcoin Parallel: Bitcoin’s multisig is enforced on hardware, not a website UI. No browser spoofing, no phishing emails—just raw cryptography.

Ethereum’s multisig is a vault with a touchscreen PIN pad. Bitcoin’s is a mechanical safe with a key only you hold. Guess which one got robbed?

B. Smart Contracts: Dumb as a Bag of Hammers

The thieves didn’t “hack” Ethereum—they exploited its smart contract complexity. • Bybit’s security depended on a Safe.global contract. Lazarus simply tricked Bybit into approving a malicious upgrade. • Imagine a vending machine that’s programmed to take your money but never give you a soda. That’s Ethereum’s “trustless” tech.

Why Bitcoin Wins: Bitcoin doesn’t do “smart contracts” in the Ethereum sense. Its scripting language is deliberately limited—less code, fewer attack vectors.

Ethereum is a Lego tower; Bitcoin is a granite slab. One topples, one doesn’t.

II. The Laundering: Crypto’s Dirty Little Secret

A. Mixers, Bridges, and the Art of Spycraft

Once the ETH was stolen, Lazarus laundered it at lightspeed: 1. Mixers (eXch) – Obfuscating transaction trails. 2. Bridges (Chainflip) – Swapping ETH for Bitcoin because that’s the only exit that matters.

Bitcoin Reality Check: Bitcoin’s privacy tools (like CoinJoin) are self-custodial—no third-party mixers. You keep control, not some “decentralized” website waiting to be hacked.

Ethereum’s “bridges” are burning rope ladders. Bitcoin’s privacy? An underground tunnel only you control.

B. The $1.5B Lie: “Decentralized” Exchanges Are a Myth

Bybit’s “cold wallet” was on Safe.global—a so-called “decentralized” custodian. Translation? A website with extra steps. • When Safe.global got breached, the private keys were stolen instantly. • “Decentralized” means nothing if your funds depend on one website, one server, one weak link.

Bitcoin’s Answer: Self-custody. Hardware wallets. Cold storage. No trusted third parties.

Using Safe.global is like hiding your life savings in a gym locker labeled “STEAL ME.”

III. The Culprits: State-Sponsored Hackers & Crypto’s Original Sin

A. Lazarus Group: Crypto’s Robin Hood (For Dictators)

North Korea’s hackers didn’t break cryptography—they broke people. • Phishing emails disguised as job offers. • Bribes & social engineering targeting insiders. • DeFi governance manipulation (because Proof-of-Stake is just shareholder voting in disguise).

Bitcoin’s Shield: No CEO to bribe. No “upgrade buttons” to exploit. No governance tokens to manipulate. Code is law—and Bitcoin’s law is written in stone.

Ethereum’s security model is “trust us.” Bitcoin’s is “verify.”

B. The $3B Elephant: Altcoins Fund Dictators

Since 2017, Lazarus has stolen $3B+ in crypto, funding North Korea’s missile program.

Why? Because Ethereum, Solana, and XRP are built on Proof-of-Stake (PoS)—which centralizes power in the hands of a few rich validators. • Bitcoin’s Proof-of-Work: Miners secure the network through energy-backed cryptography. • Altcoins’ Proof-of-Stake: Security is dictated by who owns the most tokens.

Proof-of-Stake secures oligarchs. Proof-of-Work secures money. That’s why Lazarus can drain altcoin treasuries but hasn’t touched Bitcoin’s network.

IV. Bybit’s Survival: A Centralized Circus

A. The Bailout: Banks 2.0

Bybit took bridge loans from “undisclosed partners” (read: Wall Street vultures). • Just like a traditional bank, Bybit printed liquidity out of thin air to stay solvent. • If that sounds familiar, it’s because crypto exchanges are just banks in hoodies.

Bitcoin Contrast: No loans. No bailouts. No “trust.” Just 21 million coins, mathematically secured.

Bybit’s solvency is a confidence trick. Bitcoin’s solvency is math.

B. The Great Withdrawal Panic

Within hours, 350,000+ users scrambled to withdraw funds.

A digital bank run—except this isn’t a bank. It’s an exchange that pretended to be decentralized.

Bitcoin fixes this: your wallet isn’t an IOU. It’s actual money.

Bybit = a TikTok influencer promising riches. Bitcoin = the gold in your basement.

V. The Fallout: Regulators vs Reality

A. ETH’s 8% Crash vs Bitcoin’s Unshakable Base

Ethereum tanked because it’s a tech stock, not money. Bitcoin? Dropped 2% and stabilized.

No CEO, no headquarters, no attack surface.

B. The Regulatory Trap

Now the bureaucrats come in demanding: 1. Wallet audits (they don’t understand public ledgers). 2. Mixer bans (criminalizing privacy). 3. KYC everything (turning crypto into a surveillance state).

Bitcoin’s Rebellion: You can’t audit what’s already transparent. You can’t ban what’s unstoppable.

VI. Conclusion: Burn the Altcoins, Stack the Sats

The Bybit hack isn’t a crypto problem. It’s an altcoin problem.

Ethereum’s smart contracts, DeFi bridges, and “decentralized” wallets are Swiss cheese for hackers. Bitcoin? A titanium vault.

The Only Lessons That Matter:

✅ Multisig isn’t enough unless it’s Bitcoin’s hardware-enforced version. ✅ Complexity kills—every altcoin “innovation” is a security risk waiting to happen.

Lazarus Group won this round because “crypto” ignored Bitcoin’s design. The solution isn’t better regulations—it’s better money.

Burn the tokens. Unplug the servers. Bitcoin is the exit.

Take your money off exchanges. Be sovereign.

@ fd78c37f:a0ec0833

Author: Zhengyu Qian, Eric Zhang Original Link: https://research.dorahacks.io/2025/02/22/maci-mailbox/

We are not reinventing email.

Even a glance at the TOC of IETF RFC 5322 reveals: email is long-standing and well-established, but far from simple. This is just one piece of the puzzle in today’s email system.

What we would like to do first is to review the essence of message delivery.

Proto-mail

A typical process of message delivery can be broken down into three critical components:

1. Individuals intending to exchange messages—referred to as the users.
2. An intermediary, or agent, that facilitates the delivery.
3. The message itself.

Message delivery takes place when the sender hands over the message (e.g., a written note) to an agent—a person (a messenger), a device (a beacon), or an institution (a post office). The agent then dispatches the message to the recipient.

Though direct communication, such as face-to-face conversation, falls outside the scope of this context.

The Protocol of MACI Mailbox

The MACI Mailbox is an encryption-based mailing protocol that builds directly on the three components above, with modifications and extensions.

1. The user consists of two parts:

2. An account, typically with a publicly visible mailing address.

3. A keypair(a private key and its corresponding public key), which works its magic in encrypted communication.

4. The agent has a similar structure:

5. An account.

6. A keypair.

7. The message is simple, consisting of two fields:

8. Subject.

9. Body.

The following outlines the flow of message delivery in the MACI Mailbox protocol. The process of sending a message is addressed first.

1. The sender writes a message.

2. The agent encrypts the message using its public key, posts and stores it in a shared public database (e.g. a blockchain, Nostr), and assigns it a queryable ID.

3. The sender wraps the ID of encrypted message together with the agent’s private key, encrypts them using the recipient’s public key, and broadcasts the resulting encrypted data to a public space. Yes, broadcasts it publicly—feeling like encrypted radio communication yet?

In this process, asymmetric encryption is introduced twice, achieving something valuable: the decoupling of message storage from broadcast. This has at least two key implications:

1. It’s highly flexible to choose the infrastructures for encrypted message posting and storage as well as broadcasting facilities—both of which are modular, replaceable, and trustless.

2. Storage and broadcast infrastructures can be separately tailored to meet specific requirements. Typically:

3. Message storage is expected to be inexpensive, reliable, and scalable.

4. Broadcast infrastructure can be customized to fit the varying user ecosystems or needs.

Receiving a message is basically the reverse process:

1. The recipient indexes their mail in the broadcast space, decrypts it with their own private key (guaranteed by the principles of asymmetric encryption), and retrieves both the ID of encrypted message (storage address) and the agent’s private key (which, as you may recall, was bundled with the message ID before broadcast).

2. With the message ID, the recipient fetches the encrypted message from storage and decrypts it using the agent’s private key to obtain the plaintext message.

3. Tada.

It can be observed that the agent’s role described above is highly procedural, lending itself to a modular and replaceable design. This enables significant flexibility in the implementation of MACI Mailbox services and applications.

Vota-Nostr Mailbox: basic architecture

The Vota-Nostr Mailbox is the first implementation of the Protocol by Dora Factory, consisting of several core modules:

• A smart contract deployed on Dora Vota appchain to handle the broadcasting of messages.

• Nostr relays, used for publishing and storing encrypted messages.

• An indexer service to assist users in locating relevant messages, such as those sent to or from themselves.

• A web app as the interface for interacting with the Vota-Nostr Mailbox.

First, user accounts are implemented as on-chain accounts of Dora Vota (represented as a wallet address) paired with a public/private ECC keypair. Message content is kept simple as plain-text strings, with the flexibility to upgrade it later (Everybody Loves Rich Text).

Next, let’s push the boundaries for the agent. Ideally, users shouldn’t have to learn how to interact with it actively—think about fully automated agents. Or picture a stylish scene from The Day of the Jackal: Eddie Redmayne casually discarding a phone after each call.

Thus, a disposable, one-time auto agent is designed for each mail flow. This agent consists of a randomly generated ECC keypair and a temporarily created Nostr account (essentially another keypair: npub/nsec).

Vota-Nostr Mailbox: communication workflow

In Vota-Nostr implementation of MACI Mailbox Protocol, the communication flow is as follows. Both the encryption/decryption of message content and the broadcast rely on elliptic-curve cryptography.

To enhance user experience, a “Sent Messages” feature has been implemented, allowing senders to index, decrypt, and review their sent messages. In general, with asymmetric encryption, only the recipient’s private key can decrypt the encrypted content. Technically, there are cryptographic methods to enable mutual decryption by both sender and recipient.

For simplicity at this stage, this issue is addressed by creating a duplicate of each broadcast data (on Dora Vota appchain). This duplicate is encrypted using the sender’s own public key, allowing the sender to decrypt it with their private key.

Since the Protocol decouples the storage of encrypted message from the broadcast data, this duplication doesn’t significantly increase the payload on the broadcast infrastructure. Only the message ID and the agent’s private key need to be processed as duplicates, both of which are compact and independent of the actual message size (the length of your address line and the size of your front door key don’t depend on the dimensions of your house).

Below outlines the entire communication process:

1. The sender encrypts their message using the agent’s one-time public key and publishes it to Nostr relay(s) via the agent’s one-time Nostr account, obtaining the encrypted message’s ID (i.e., Nostr event ID).

2. The sender wraps the encrypted message ID along with the agent’s one-time private key, encrypts them using the recipient’s public key, and broadcasts the resulting encrypted data to the appchain via their own Dora Vota account. This process leverages wallet apps/extensions for transaction submission and the smart contract for processing, closely resembling how users typically interact with blockchains and dapps.

3. Once the on-chain transaction is processed, the encrypted data is broadcast on Dora Vota. Both the sender and the recipient can retrieve the data at any time via the Mailbox Indexer.

4. The recipient decrypts the broadcast encrypted data using their own private key, finding the Nostr event ID and the corresponding decryption key (one-time agent private key). They then fetch the encrypted message from Nostr relay(s) by the ID and decrypt it with the one-time private key.

5. The sender can follow a nearly identical process to fetch and decrypt their own duplicate, enabling them to review sent messages.

Acknowledgements

The MACI Mailbox protocol was conceived during a Dora Factory developer meeting in Kyoto, March 2024. Eric Zhang supported its implementation in October as a tool to facilitate communications and campaigns in MACI decentralized governance. Shrey Khater and Divyansh Joshi contributed to an MVP of the Vota-Nostr implementation. The protocol was officially integrated with Dora Vota appchain as well as its frontend with efforts from Zhengyu Qian, Dennis Tang, and Vegebun.

@ 95cb4330:96db706c

Embracing The Principle of Asymmetric Bets

Embracing the principle of asymmetric bets, as practiced by visionaries like Jeff Bezos and Peter Thiel, involves seeking opportunities where the potential gains far outweigh the possible losses. This strategy enables bold decision-making while minimizing exposure to significant failures.

---

Understanding Asymmetric Bets

• Definition:
  An asymmetric bet is a strategic decision where the potential upside is substantially greater than the downside risk. This approach allows individuals and organizations to pursue high-reward opportunities without jeopardizing overall stability.

---

Examples in Practice

• Jeff Bezos and Amazon Web Services (AWS):
  Bezos invested in AWS when cloud computing was still emerging. The potential upside—a trillion-dollar business—vastly outweighed the moderate research and development costs, exemplifying an asymmetric bet.

• Peter Thiel's Investment in Facebook:
  Thiel's early $500,000 investment in Facebook transformed into a multi-billion-dollar return, showcasing the immense potential of asymmetric bets in venture capital.

---

Implementing Asymmetric Bets

1. Identify Opportunities with High Upside and Low Downside:
   Seek situations where the potential benefits are disproportionately higher than the risks involved.

2. Evaluate the Risk-to-Reward Ratio:
   Assess scenarios where even a small probability of success can lead to substantial rewards, justifying the risk taken.

3. Diversify Bets:
   Spread resources across multiple asymmetric opportunities to increase the likelihood of significant returns while mitigating individual risks.

---

Action Step

Identify a decision or project where the potential upside is considerable and the downside is limited. Take action on this opportunity today, leveraging the principle of asymmetric bets to maximize success while minimizing risk.

---

By adopting this mindset, you position yourself to capitalize on transformative opportunities that can lead to substantial growth and innovation.

---

@ 60d17aca:3d6671c6

잘 보내지나 시험해본다.

@ fb08144a:c9ced3f4

Print hello world

@ a012dc82:6458a70d

Bitcoin, the pioneering cryptocurrency, has always been known for its volatility. This digital asset has seen dramatic fluctuations in price, attracting investors and speculators alike. Understanding these price movements is crucial for anyone involved in the crypto market. The journey of Bitcoin from a niche digital token to a mainstream financial asset has been marked by periods of rapid growth and sudden declines. This volatility is not just a source of risk, but also of potential opportunity for traders and investors. The factors driving these fluctuations range from regulatory news, technological advancements, to broader economic factors. Bitcoin's decentralized nature adds to its unpredictability, as it operates independently of a central bank or government.

Table of Contents

• The Recent Price Rally and Subsequent Halt

• Insights from CryptoQuant's Analysis

• The Role of Short-Term Holders

• Understanding Bitcoin Binary Coin Days Destroyed ( …

• The Dynamics of Profit-Taking

• Actions by Miners and Whales

• Current Market Scenario and Future Outlook

• Conclusion

• FAQs

The Recent Price Rally and Subsequent Halt

In a recent surge, Bitcoin's value soared past the $44,000 mark, only to encounter a significant resistance level near $45,000. This resistance led to a notable decline in its price. The question on everyone's mind is: what caused this sudden halt in Bitcoin's otherwise steady climb? This rally, like many in Bitcoin's past, was driven by a mix of investor optimism, favorable market conditions, and increasing institutional interest in cryptocurrency. However, the resistance at $45,000 proved to be a turning point, sparking a wave of sell-offs and profit-taking. This price behavior is a classic example of the market's psychological dynamics, where key resistance levels can lead to significant shifts in investor behavior. The rapid change from a bullish to a bearish market sentiment at this juncture underscores the fragile and speculative nature of the cryptocurrency market.

Insights from CryptoQuant's Analysis

CryptoQuant, a renowned market analytics platform, offers valuable insights into this phenomenon. An analyst from CryptoQuant, Yonsei, conducted a detailed analysis of on-chain data to unravel the mystery behind Bitcoin's recent price behavior. This analysis goes beyond surface-level market trends, delving into the intricate movements of Bitcoin across various wallets and exchanges. By examining metrics such as fund flows, wallet activities, and transaction patterns, CryptoQuant provides a more nuanced understanding of what drives Bitcoin's price changes. Yonsei's analysis, in particular, sheds light on the behavior of different investor cohorts, revealing how their actions collectively impact the market. This kind of deep-dive analysis is essential for anyone looking to understand the often opaque mechanisms of cryptocurrency markets.

The Role of Short-Term Holders

The analysis revealed that short-term holders, particularly those who had invested in Bitcoin for a period ranging from 6 to 18 months, started to realize their profits as soon as Bitcoin broke through the $40,000 resistance level. This profit-taking was a primary factor in the subsequent price retraction. These short-term holders, often more sensitive to market fluctuations, tend to react quickly to price changes, looking to capitalize on short-term gains. Their collective actions can create significant market movements, as seen in this instance. The behavior of these investors is often influenced by news events, market sentiment, and technical indicators. In this case, the rapid rise in Bitcoin's price likely triggered a psychological response to lock in profits, leading to a cascade of sell orders. Understanding the motivations and behaviors of these short-term holders is crucial for predicting short-term market movements in the volatile world of cryptocurrency.

Understanding Bitcoin Binary Coin Days Destroyed (CDD)

A critical metric in this analysis is the Bitcoin Binary Coin Days Destroyed (CDD). This metric assesses the movement of long-held Bitcoins, providing insights into the behavior of long-term investors. An increase in Binary CDD indicates that a significant amount of Bitcoin, held dormant for a long time, has been mobilized, suggesting a sell-off by long-term holders. This metric is particularly important as it highlights the actions of the most steadfast part of the market - those who have held Bitcoin through various cycles. When these long-term holders start moving their coins, it often signals a significant shift in market sentiment. The CDD metric thus serves as a barometer for the conviction of Bitcoin's long-term investor base. A high CDD can indicate a loss of confidence among these investors, or a belief that the market has reached a peak. Conversely, a low CDD suggests that long-term holders are not yet ready to sell, indicating continued confidence in the market's future.

The Dynamics of Profit-Taking

The CryptoQuant analysis further highlighted that a majority of Bitcoin holders were in profit, with the Spent Output Profit Ratio remaining above one. This indicated that about 90% of Bitcoin holders were profiting, which naturally led to a trend of profit-taking. This phenomenon is a key aspect of market cycles in cryptocurrencies. When a large portion of investors are in profit, especially after a significant price rally, the market often sees a wave of selling as investors look to cash in on their gains. This behavior is compounded by psychological factors, such as fear of missing out (FOMO) and fear, uncertainty, and doubt (FUD), which can lead to rapid shifts in market sentiment. Additionally, the profit-taking trend is influenced by external factors such as global economic conditions, regulatory news, and technological developments within the blockchain space. These factors can either reinforce the confidence of investors, leading to a hold strategy, or trigger a sell-off in anticipation of a market downturn.

Actions by Miners and Whales

Another interesting aspect of the analysis was the behavior of Bitcoin miners and whales (large-scale holders). These groups also contributed to the selling pressure. Miners, in particular, sold their assets at high-profit margins when Bitcoin reached its peak, adding to the downward pressure on its price. The actions of miners are crucial to understanding Bitcoin's market dynamics, as they are not only investors but also the producers of new Bitcoins. Their decision to sell or hold can significantly impact the supply of Bitcoin in the market. Whales, or large-scale holders, have a similar impact due to the sheer volume of their transactions. Their trades can lead to substantial market movements, creating waves that affect smaller investors. The behavior of these whales often reflects a more strategic approach to the market, influenced by long-term trends and broader market analysis. Their actions can serve as indicators for future market movements, making their behavior a key focus for analysts and investors alike.

Current Market Scenario and Future Outlook

Despite the recent price drop, the overall market sentiment remains positive. The bear market seems to be in the past, and liquidity conditions in the crypto market are improving. However, Bitcoin currently hovers around the $41,000 mark, a slight decrease from its recent high. This current state reflects the ever-changing nature of the cryptocurrency market, where investor sentiment can shift rapidly. The future outlook for Bitcoin remains a topic of much debate among experts. Some predict continued growth as institutional adoption increases and blockchain technology becomes more integrated into mainstream finance. Others caution about potential regulatory clampdowns and the volatile nature of the market. What remains clear is that Bitcoin continues to be a key player in the financial world, with its price movements being a barometer for the health and sentiment of the broader cryptocurrency market.

Conclusion

Bitcoin's market behavior, as analyzed by CryptoQuant, offers a complex picture of various factors at play. The interplay between short-term and long-term holders, the strategic moves of miners and whales, and the overall market sentiment all contribute to the price dynamics of this digital currency. Understanding these elements is key for investors and enthusiasts who wish to navigate the volatile waters of Bitcoin's market. As the crypto landscape continues to evolve, keeping a close eye on these trends and analyses will be crucial for making informed decisions in the world of cryptocurrency. The insights provided by platforms like CryptoQuant are invaluable in this regard, offering a deeper understanding of the market forces at work.

FAQs

What caused the recent halt in Bitcoin's price rally? The halt in Bitcoin's price rally, after reaching near $45,000, was primarily due to profit-taking by short-term holders and investors who had held Bitcoin for 6-18 months, as revealed by CryptoQuant's analysis.

What is Bitcoin Binary Coin Days Destroyed (CDD)? Bitcoin Binary Coin Days Destroyed (CDD) is a metric that measures the movement of long-held Bitcoins. It indicates the amount of Bitcoin, held dormant for a long time, that has been mobilized or sold.

How do miners and whales influence Bitcoin's price? Miners and whales (large-scale holders) significantly influence Bitcoin's price through their actions. When they sell their holdings, especially during peak prices, they add to the market's selling pressure, potentially leading to price drops.

What does a high Bitcoin Binary CDD indicate? A high Bitcoin Binary CDD suggests that a large amount of long-held Bitcoin is being sold, which can be a sign of long-term holders losing confidence or deciding to take profits.

Is the current market sentiment for Bitcoin positive or negative? Despite recent price fluctuations, the overall market sentiment for Bitcoin remains cautiously positive, with improvements in market liquidity and interest from institutional investors.

That's all for today

If you want more, be sure to follow us on:

NOSTR: croxroad@getalby.com

X: @croxroadnews.co

Instagram: @croxroadnews.co

Youtube: @croxroadnews

Store: https://croxroad.store

Subscribe to CROX ROAD Bitcoin Only Daily Newsletter

https://www.croxroad.co/subscribe

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ b2d670de:907f9d4a

onion-service-nostr-relays

A list of nostr relays exposed as onion services.

The list

| Relay name | Description | Onion url | Operator | Payment URL | Payment options | | --- | --- | --- | --- | --- | --- | | nostr.oxtr.dev | Same relay as clearnet relay nostr.oxtr.dev | ws://oxtrdevav64z64yb7x6rjg4ntzqjhedm5b5zjqulugknhzr46ny2qbad.onion | operator | N/A | N/A | | relay.snort.social | Same relay as clearnet relay relay.snort.social | wss://skzzn6cimfdv5e2phjc4yr5v7ikbxtn5f7dkwn5c7v47tduzlbosqmqd.onion | operator | N/A | N/A | | nostr.thesamecat.io | Same relay as clearnet relay nostr.thesamecat.io | ws://2jsnlhfnelig5acq6iacydmzdbdmg7xwunm4xl6qwbvzacw4lwrjmlyd.onion | operator | N/A | N/A | | nostr.land | The nostr.land paid relay (same as clearnet) | ws://nostrland2gdw7g3y77ctftovvil76vquipymo7tsctlxpiwknevzfid.onion | operator | Payment URL | BTC LN | | bitcoiner.social | No auth required, currently | ws://bitcoinr6de5lkvx4tpwdmzrdfdpla5sya2afwpcabjup2xpi5dulbad.onion | operator | N/A | N/A | | relay.westernbtc.com | The westernbtc.com paid relay | ws://westbtcebhgi4ilxxziefho6bqu5lqwa5ncfjefnfebbhx2cwqx5knyd.onion | operator | Payment URL | BTC LN | | freelay.sovbit.host | Free relay for sovbit.host | ws://sovbitm2enxfr5ot6qscwy5ermdffbqscy66wirkbsigvcshumyzbbqd.onion | operator | N/A | N/A | | nostr.sovbit.host | Paid relay for sovbit.host | ws://sovbitgz5uqyh7jwcsudq4sspxlj4kbnurvd3xarkkx2use3k6rlibqd.onion | operator | N/A | N/A | | nostr.wine | 🍷 nostr.wine relay | ws://nostrwinemdptvqukjttinajfeedhf46hfd5bz2aj2q5uwp7zros3nad.onion | operator | Payment URL | BTC LN, BTC, Credit Card/CashApp (Stripe) | | inbox.nostr.wine | 🍷 inbox.nostr.wine relay | ws://wineinboxkayswlofkugkjwhoyi744qvlzdxlmdvwe7cei2xxy4gc6ad.onion | operator | Payment URL | BTC LN, BTC | | filter.nostr.wine | 🍷 filter.nostr.wine proxy relay | ws://winefiltermhqixxzmnzxhrmaufpnfq3rmjcl6ei45iy4aidrngpsyid.onion | operator | Payment URL | BTC LN, BTC | | N/A | N/A | ws://pzfw4uteha62iwkzm3lycabk4pbtcr67cg5ymp5i3xwrpt3t24m6tzad.onion:81 | operator | N/A | N/A | | nostr.fractalized.net | Free relay for fractalized.net | ws://xvgox2zzo7cfxcjrd2llrkthvjs5t7efoalu34s6lmkqhvzvrms6ipyd.onion | operator | N/A | N/A | | nfrelay.app | nfrelay.app aggregator relay (nostr-filter-relay) | ws://nfrelay6saohkmipikquvrn6d64dzxivhmcdcj4d5i7wxis47xwsriyd.onion | operator | N/A | N/A | relay.nostr.net | Public relay from nostr.net (Same as clearnet) | ws://nostrnetl6yd5whkldj3vqsxyyaq3tkuspy23a3qgx7cdepb4564qgqd.onion | operator | N/A | N/A | | nerostrator | Free to read, pay XMR to relay | ws://nerostrrgb5fhj6dnzhjbgmnkpy2berdlczh6tuh2jsqrjok3j4zoxid.onion | operator |Payment URL | XMR | | nostr.girino.org | Public relay from nostr.girino.org | ws://gnostr2jnapk72mnagq3cuykfon73temzp77hcbncn4silgt77boruid.onion | operator | N/A | N/A | | wot.girino.org | WoT relay from wot.girino.org | ws://girwot2koy3kvj6fk7oseoqazp5vwbeawocb3m27jcqtah65f2fkl3yd.onion | operator | N/A | N/A | | haven.girino.org/{outbox, inbox, chat, private} | Haven smart relay from haven.girino.org | ws://ghaven2hi3qn2riitw7ymaztdpztrvmm337e2pgkacfh3rnscaoxjoad.onion/{outbox, inbox, chat, private} | operator | N/A | N/A | | relay.nostpy.lol | Free Web of Trust relay (Same as clearnet) | ws://pemgkkqjqjde7y2emc2hpxocexugbixp42o4zymznil6zfegx5nfp4id.onion | operator |N/A | N/A | | Poster.place Nostr Relay | N/A | ws://dmw5wbawyovz7fcahvguwkw4sknsqsalffwctioeoqkvvy7ygjbcuoad.onion | operator | N/A | N/A | | Azzamo Relay | Azzamo Premium Nostr relay. (paid) | ws://q6a7m5qkyonzb5fk5yv4jyu3ar44hqedn7wjopg737lit2ckkhx2nyid.onion | operator | Payment URL | BTC LN | | Azzamo Inbox Relay | Azzamo Group and Private message relay. (Freemium) | ws://gp5kiwqfw7t2fwb3rfts2aekoph4x7pj5pv65re2y6hzaujsxewanbqd.onion | operator | Payment URL | BTC LN | | Noderunners Relay | The official Noderunners Nostr Relay. | ws://35vr3xigzjv2xyzfyif6o2gksmkioppy4rmwag7d4bqmwuccs2u4jaid.onion | operator | Payment URL | BTC LN |

Contributing

Contributions are encouraged to keep this document alive. Just open a PR and I'll have it tested and merged. The onion URL is the only mandatory column, the rest is just nice-to-have metadata about the relay. Put N/A in empty columns.

If you want to contribute anonymously, please contact me on SimpleX or send a DM on nostr using a disposable npub.

Operator column

It is generally preferred to use something that includes a NIP-19 string, either just the string or a url that contains the NIP-19 string in it (e.g. an njump url).

@ 6389be64:ef439d32

GA, plebs. The latest episode of Bitcoin And is out, and, as always, the chicanery is running rampant. Let’s break down the biggest topics I covered, and if you want the full, unfiltered rant, make sure to listen to the episode linked below.

House Democrats’ MEME Act: A Bad Joke?

House Democrats are proposing a bill to ban presidential meme coins, clearly aimed at Trump’s and Melania’s ill-advised token launches. While grifters launching meme coins is bad, this bill is just as ridiculous. If this legislation moves forward, expect a retaliatory strike exposing how politicians like Pelosi and Warren mysteriously amassed their fortunes. Will it pass? Doubtful. But it’s another sign of the government’s obsession with regulating everything except itself.

Senate Banking’s First Digital Asset Hearing: The Real Target Is You

Cynthia Lummis chaired the first digital asset hearing, and—surprise!—it was all about control. The discussion centered on stablecoins, AML, and KYC regulations, with witnesses suggesting Orwellian measures like freezing stablecoin transactions unless pre-approved by authorities. What was barely mentioned? Bitcoin. They want full oversight of stablecoins, which is really about controlling financial freedom. Expect more nonsense targeting self-custody wallets under the guise of stopping “bad actors.”

Bank of America and PayPal Want In on Stablecoins

Bank of America’s CEO openly stated they’ll launch a stablecoin as soon as regulation allows. Meanwhile, PayPal’s CEO paid for a hat using Bitcoin—not their own stablecoin, Pi USD. Why wouldn’t he use his own product? Maybe he knows stablecoins aren’t what they’re hyped up to be. Either way, the legacy financial system is gearing up to flood the market with stablecoins, not because they love crypto, but because it’s a tool to extend U.S. dollar dominance.

MetaPlanet Buys the Dip

Japan’s MetaPlanet issued $13.4M in bonds to buy more Bitcoin, proving once again that institutions see the writing on the wall. Unlike U.S. regulators who obsess over stablecoins, some companies are actually stacking sats.

UK Expands Crypto Seizure Powers

Across the pond, the UK government is pushing legislation to make it easier to seize and destroy crypto linked to criminal activity. While they frame it as going after the bad guys, it’s another move toward centralized control and financial surveillance.

Bitcoin Tools & Tech: Arc, SatoChip, and Nunchuk

Some bullish Bitcoin developments: ARC v0.5 is making Bitcoin’s second layer more efficient, SatoChip now supports Taproot and Nostr, and Nunchuk launched a group wallet with chat, making multisig collaboration easier.

The Bottom Line

The state is coming for financial privacy and control, and stablecoins are their weapon of choice. Bitcoiners need to stay focused, keep their coins in self-custody, and build out parallel systems. Expect more regulatory attacks, but don’t let them distract you—just keep stacking and transacting in ways they can’t control.

🎧 Listen to the full episode here: https://fountain.fm/episode/PYITCo18AJnsEkKLz2Ks

💰 Support the show by boosting sats on Podcasting 2.0! and I will see you on the other side.

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/893831

@ fc481c65:e280e7ba

A matrix is a rectangular array of numbers, symbols, or expressions, arranged in rows and columns. The individual items in a matrix are called its elements or entries. They are foundational element in many areas of #Mathematics and #Engineering including #Electronics #Computer #Science #Finances and more.

Notation and Terms

• Dimensions: The size of a matrix is defined by its number of rows and columns and is often referred to as m x n, where m is the number of rows and n is the number of columns.
• Square Matrix: A matrix with the same number of rows and columns (n x n).
• Diagonal Matrix: A square matrix where all elements off the main diagonal are zero.
• Identity Matrix: A diagonal matrix where all the elements on the main diagonal are 1. It's denoted as I.
• Zero Matrix: A matrix all of whose entries are zero.

Basic Matrix Operations

1. Addition and Subtraction
   • Matrices must be of the same dimensions to be added or subtracted.
   • Add or subtract corresponding elements.
   • Example:
   • $$\begin{bmatrix}1 & 2 \\3 & 4\end{bmatrix}+\begin{bmatrix}5 & 6 \\7 & 8\end{bmatrix}=\begin{bmatrix}6 & 8 \\10 & 12\end{bmatrix}$$
2. Scalar Multiplication
3. Multiply every element of a matrix by a scalar (a single number).
4. Example:
5. $$ 2 \times \begin{bmatrix} 1 & 2 \\ 3 & 4 \end{bmatrix} = \begin{bmatrix} 2 & 4 \\ 6 & 8 \end{bmatrix} $$
6. Matrix Multiplication
7. The number of columns in the first matrix must be equal to the number of rows in the second matrix.
8. The product of an m x n matrix and an n x p matrix is an m x p matrix.
9. Multiply rows by columns, summing the products of the corresponding elements.
10. Example:
11. $$ \begin{bmatrix} 1 & 2 \\ 3 & 4 \end{bmatrix} \times \begin{bmatrix} 2 & 0 \\ 1 & 2 \end{bmatrix} = \begin{bmatrix} (1 \times 2 + 2 \times 1) & (1 \times 0 + 2 \times 2) \\ (3 \times 2 + 4 \times 1) & (3 \times 0 + 4 \times 2) \end{bmatrix} = \begin{bmatrix} 4 & 4 \\ 10 & 8 \end{bmatrix} $$

Special Matrix Operations

1. Determinant
   • Only for square matrices.
   • A scalar value that can be computed from the elements of a square matrix and encodes certain properties of the matrix.
   • Example for a 2x2 matrix:
   • $$ \text{det} \begin{bmatrix} a & b \\ c & d \end{bmatrix} = ad - bc $$
2. Inverse
   • Only for square matrices.
   • The matrix that, when multiplied by the original matrix, results in the identity matrix.
   • Not all matrices have inverses; a matrix must be "nonsingular" to have an inverse.

Practical Applications

• Solving Systems of Linear Equations
  • Matrices are used to represent and solve systems of linear equations using methods like Gaussian elimination. $$X=A^{-1}\times B$$
• Transformations in Computer Graphics
  • Matrix multiplication is used to perform geometric transformations such as rotations, translations, and scaling. $$R(\theta) = \begin{bmatrix} \cos(\theta) & -\sin(\theta) \\ \sin(\theta) & \cos(\theta) \end{bmatrix}$$

Example System of Linear Equations

Suppose we have the following system of linear equations: $$3x + 4y = 5\\2x - y = 1$$ This system can be expressed as a matrix equation $AX=B$ where: - $A$ is the matrix of coefficients, - $X$ is the column matrix of variables, - $B$ is the column matrix of constants. * Matrix A* (coefficients): $$\begin{bmatrix} 3 & 4 \\ 2 & -1 \end{bmatrix}$$ * Matrix X (variables): $$\begin{bmatrix} x \\ y \end{bmatrix}$$ * Matrix B (constants): $$\begin{bmatrix} 5 \\ 1 \end{bmatrix}$$

Now Organising in Matrix form $$\begin{bmatrix} 3 & 4 \\ 2 & -1 \end{bmatrix} \begin{bmatrix} x \\ y \end{bmatrix} = \begin{bmatrix} 5 \\ 1 \end{bmatrix}$$

Solving the Equation

To solve for $X$, we can calculate the inverse of A (provided A is invertible) and then multiply it by B: $$X=A^{-1}\times B$$

Matrices with SymPy

```python from sympy import Matrix, symbols

Define symbols

x, y, z = symbols('x y z')

Define a 2x2 matrix

A = Matrix([[1, 2], [3, 4]]) print("Matrix A:") print(A)

Define a 3x3 matrix with symbolic elements

B = Matrix([[x, y, z], [y, z, x], [z, x, y]]) print("\nMatrix B:") print(B)

Define two matrices of the same size

C = Matrix([[5, 6], [7, 8]]) D = Matrix([[1, 1], [1, 1]])

Addition

E = C + D print("\nMatrix Addition (C + D):") print(E)

Subtraction

F = C - D print("\nMatrix Subtraction (C - D):") print(F)

Scalar multiplication

G = 2 * A print("\nScalar Multiplication (2 * A):") print(G)

Matrix multiplication

H = A * C print("\nMatrix Multiplication (A * C):") print(H)

Determinant of a matrix

det_A = A.det() print("\nDeterminant of Matrix A:") print(det_A)

Inverse of a matrix

inv_A = A.inv() print("\nInverse of Matrix A:") print(inv_A)

Define the coefficient matrix A and the constant matrix B

A_sys = Matrix([[3, 4], [2, -1]]) B_sys = Matrix([5, 1])

Solve the system AX = B

X = A_sys.inv() * B_sys print("\nSolution to the system of linear equations:") print(X)

Compute eigenvalues and eigenvectors of a matrix

eigenvals = A.eigenvals() eigenvects = A.eigenvects()

print("\nEigenvalues of Matrix A:") print(eigenvals)

print("\nEigenvectors of Matrix A:") print(eigenvects)

```

References

• Dear linear algebra students, This is what matrices (and matrix manipulation) really look like
• Essence of linear algebra
• The Applications of Matrices | What I wish my teachers told me way earlier
• Inverse of 2x2 Matrix
• Matrices Tutorial

@ d34e832d:383f78d0

[npub16d8gxt2z4k9e8sdpc0yyqzf5gp0np09ls4lnn630qzxzvwpl0rgq5h4rzv]

Data Storage via Blobs in a Decentralized Manner
Blobs (Binary Large Objects) offer a flexible method of storing large chunks of data, and in the context of decentralized systems, they allow for secure, distributed storage solutions. In a decentralized world, where privacy and autonomy are key, managing data in a distributed manner ensures data isn't controlled or censored by a single entity. Here are three key systems enabling decentralized blob storage:

1. Blossom Server
   Blossom Server provides a decentralized platform for storing and sharing large blobs of data. Blossom Server allows users to host their own data and retrieve it from a decentralized network, ensuring that data is not stored in centralized servers. This platform is open-source, offering flexibility and security through peer-to-peer data storage.

2. Perkeep
   Perkeep (formerly known as Camlistore) is a decentralized data storage system that allows for storing blobs of data in a distributed manner. It focuses on the long-term storage of large data sets, such as personal collections of photos, videos, and documents. By using Perkeep, users can ensure that their data remains private and is not controlled by any central authority. The system uses a unique identifier to access data, promoting both privacy and integrity.

3. IPFS (InterPlanetary File System)
   IPFS is another popular decentralized file storage system that uses the concept of blobs to store and share data. IPFS allows users to store and access data in a decentralized manner by using a peer-to-peer network. Each piece of data is given a unique hash, ensuring that it is verifiable and tamper-proof. By leveraging IPFS, users can store everything from simple files to large applications, all without relying on centralized servers.

By using these decentralized data storage solutions, individuals and organizations can safeguard their information, increase privacy, and contribute to a more resilient and distributed internet infrastructure.

Higher-Level Goals for Blob Storage Blob storage via Blossom ,Perkeep and IPFS has goals to become a decentralized, self-sufficient protocol for data storage, management, and sharing. While some of these features are already being implemented, they represent a broader vision for the future of decentralized personal data management.

1. Filesystem Backups
   Allows for easy, incremental backups. Using the pk-put tool, users can back up files and directories quickly and efficiently. Incremental backups, which save only the changes made since the last backup, are essentially free, making Perkeep an efficient choice for backup solutions. This initial use case has already been implemented, providing seamless and secure backups for personal data.

2. Efficient Remote Filesystem
   The goal is to create a highly efficient, aggressively caching remote filesystem using Perkeep. A read-only version of this filesystem is already trivial to implement, while read-write functionality remains an area of active development. Every modification in the filesystem would be snapshotted implicitly, providing version control as a default. This would enable users to interact with their data in a remote environment while ensuring that every change is tracked and recoverable.

3. Decentralized Sharing System
   Perkeep is working towards enabling users to share data in a decentralized manner. The system will allow individuals to share anything with anyone or everyone, with privacy being the default setting. This decentralized sharing is already starting to work, and users can now share data with others while retaining control over who sees their information.

4. Blog / Photo Hosting / Document Management CMS
   Perkeep aims to replace traditional blog platforms, photo hosting services, and document management software. By running a personal blog, photo gallery, and document management system (CMS) on Perkeep, users will have full control over their content. Permissions will be configurable, allowing for personal or public sharing. The author intends to use Perkeep for his own blog, gallery, and document management needs, further demonstrating its versatility.

5. Decentralized Social Networking
   While still a lofty goal, decentralized social networking is a persistent aim for Perkeep. By implementing features like comments and tagging, users could attach metadata to images and content. Through claims, users could sign data and verify identities, promoting trust in social interactions. This would allow for decentralized social networking where users control their own data and interactions.

6. Import/Export Adapters for Hosted Web Services
   Perkeep intends to bridge the gap between decentralized storage and traditional hosted web services. This feature would allow users to mirror data between hosted services and their private Perkeep storage. Whether content is created in Perkeep or hosted services, the goal is to ensure that data is always backed up privately, ensuring users' data is theirs forever.

Combined Goals for Blossom and IPFS

Both Blossom and IPFS share common goals of decentralizing data storage, enhancing privacy, and providing users with greater control over their data. Together, these technologies enable:

• Self-Sovereign Data Management: Empowering users to store and manage their data without relying on centralized platforms.
• Resilient and Redundant Storage: Offering decentralized and redundant data storage that ensures availability and security.
• Private and Permissioned Sharing: Enabling secure, private data sharing where the user controls who has access to their content.

By focusing on these goals, both Blossom and IPFS are contributing to a future where individuals control their own data, collaborate more efficiently in decentralized networks and P4P protocols, and ensure the privacy and security of their digital assets.

These technologies in conjunction with nostr lead one to discover user agency and autonomy, where you can actually own and interface with your own data allowing for value creation and content creation strategies.

Donations via
- lightninglayerhash@getalby.com

@ a5caac8b:172ed717

Descubre una Oportunidad Única: Nuestra Propiedad Rústica en Tulum con Potencial Inmenso

Buscamos personas interesadas en explorar una inversión sólida, sostenible y alineada con el futuro de las finanzas descentralizadas. Queremos compartir con ustedes nuestra propiedad excepcional ubicada en La Veleta, Tulum, un lugar donde la naturaleza se fusiona con el estilo de vida moderno y el ecosistema Bitcoin.

Características destacadas de esta joya rústica:

• Construcción robusta: Diseñamos esta propiedad con materiales locales como piedra y Chucum, reflejando autenticidad y resistencia.
• Fuente propia de agua: Garantiza independencia hídrica, un valor inigualable en la región.
• Vegetación abundante: Un oasis verde que conecta directamente con la esencia de Tulum.
• Ubicación estratégica: Está súper céntrica, rodeada de los sitios más hermosos de la región, perfecta tanto para residencia como para negocio.
• Documentación al día: Todo está en regla y listo para transacciones seguras.

Nuestra propuesta para la administración y finanzas

Estamos buscando colaboradores para gestionar y/o comprar esta propiedad. Ya sea mediante plataformas como Nostr, Telegram o Element (en Matrix), podemos coordinarnos de manera eficiente para cualquier aspecto relacionado con la propiedad.

Además, si están interesados en adquirirla, queremos destacar que recientemente ajustamos el precio en 170,000 USD menos tras cuatro años en el mercado. Este cambio refleja nuestro compromiso con encontrar a los socios ideales que valoren no solo la belleza del lugar, sino también su potencial financiero dentro del ecosistema Bitcoin.

Por qué invertir aquí?

1. Negocio rentable: Ideal para emprendedores que deseen desarrollar proyectos turísticos, ecológicos o incluso tecnológicos en una de las regiones más codiciadas del mundo.
2. Valorización asegurada: La tendencia inmobiliaria en Tulum sigue creciendo año con año.
3. Sostenibilidad y tecnología: Combina la magia natural de México con herramientas innovadoras.

Comunicación Multilingüe

Ofrecemos la posibilidad de comunicarnos en español, alemán e inglés, lo que facilitará la interacción con inversores de diferentes partes del mundo.

No duden en contactarnos si son visionarios dispuestos a explorar nuevas formas de inversión en bienes raíces utilizando Bitcoin. Estamos emocionados por conectar con ustedes y construir juntos un futuro próspero.

Contacto: No duden en escribirnos. Respondemos todas sus preguntas con detalle y entusiasmo. ¡Juntos podemos transformar esta propiedad en un proyecto extraordinario!

---

TulumRealEstate #BitcoinFriendly #SustainableLiving #InvestInTulum #RusticCharm #PropertyForSale #DecentralizedFinance #TulumDreams

---

Discover a Unique Opportunity: Our Rustic Property in Tulum with Incredible Potential

We are looking for individuals interested in exploring a solid, sustainable investment aligned with the future of decentralized finance. We want to share with you our exceptional property located in La Veleta, Tulum—a place where nature blends seamlessly with modern living and the Bitcoin ecosystem.

Key Features of this Rustic Gem:

• Sturdy construction: We designed this property using local materials like stone and Chucum, reflecting authenticity and durability.
• Own water source: Ensures hydrological independence, an invaluable asset in the region.
• Abundant vegetation: A lush green haven that connects directly with the essence of Tulum.
• Strategic location: Centrally located, surrounded by the most beautiful spots in the region, perfect for both residential and business use.
• Up-to-date documentation: Everything is in order and ready for secure transactions.

Our Proposal for Management and Finances

We are seeking collaborators to manage and/or purchase this property. Whether through platforms like Nostr, Telegram or Element (on Matrix), we can efficiently coordinate any aspect related to the property.

Additionally, if you're interested in acquiring it, we’d like to highlight that we recently reduced the price by $170,000 USD after four years on the market. This adjustment reflects our commitment to finding the ideal partners who appreciate not only the beauty of the place but also its financial potential within the Bitcoin ecosystem.

Why Invest Here?

1. Profitable business opportunity: Perfect for entrepreneurs looking to develop tourism, ecological, or even tech projects in one of the world's most sought-after regions.
2. Guaranteed appreciation: The real estate trend in Tulum continues to grow year after year.
3. Sustainability and technology: Combines the natural magic of Mexico with innovative tools.

Multilingual Communication

We offer the possibility of communicating in Spanish, German, and English, making interaction easier for investors from around the world.

Don’t hesitate to reach out if you’re visionaries eager to explore new ways to invest in real estate using Bitcoin. We’re excited to connect with you and build a prosperous future together.

Contact: Feel free to write to us. We’ll be happy to answer all your questions in detail and with enthusiasm. Together, we can turn this property into an extraordinary project!

---

TulumRealEstate #BitcoinFriendly #SustainableLiving #InvestInTulum #RusticCharm #PropertyForSale #DecentralizedFinance #TulumDreams

---

Entdeckt eine einzigartige Gelegenheit: Unsere rustikale Immobilie in Tulum mit enormem Potenzial

Wir suchen Personen, die daran interessiert sind, eine feste, nachhaltige Investition zu tätigen, die sich auf die Zukunft der dezentralisierten Finanzen ausrichtet. Wir möchten euch unsere außergewöhnliche Immobilie in La Veleta, Tulum vorstellen – ein Ort, an dem Natur nahtlos mit dem modernen Leben und dem Bitcoin-Ekosystem verschmilzt.

Herausragende Merkmale dieser rustikalen Perle:

• Robuste Bauweise: Wir haben diese Immobilie mit lokalen Materialien wie Stein und Chucum gebaut, um Authentizität und Beständigkeit widerzuspiegeln.
• Eigen Quelle: Sicherstellt wertvolle Wasserunabhängigkeit, ein unschätzbarer Vorteil in der Region.
• Reiche Vegetation: Ein grünes Paradies, das euch direkt mit der Essenz von Tulum verbindet.
• Strategisch günstige Lage: Zentral gelegen, umgeben von den schönsten Plätzen der Region, ideal sowohl für Wohnzwecke als auch für Geschäfte.
• Aktuelle Dokumentation: Alles ist aktuell und bereit für sichere Transaktionen.

Unser Angebot zur Verwaltung und Finanzen

Wir suchen Mitstreiter, um diese Immobilie gemeinsam zu verwalten und/oder zu kaufen. Ob über Plattformen wie Nostr, Telegram oder Element (auf Matrix), können wir alle Aspekte der Immobilie effizient koordinieren.

Außerdem, wenn ihr Interesse habt, sie zu erwerben, möchten wir betonen, dass wir den Preis kürzlich um 170.000 USD gesenkt haben, nachdem sie vier Jahre lang auf dem Markt war. Diese Anpassung spiegelt unser Engagement wider, die idealen Partner zu finden, die nicht nur die Schönheit des Ortes schätzen, sondern auch sein finanzielles Potenzial im Bitcoin-Ekosystem.

Warum hier investieren?

1. Rentables Geschäft: Ideal für Unternehmer, die Tourismus-, ökologische oder sogar technologische Projekte in einer der weltweit begehrtesten Regionen entwickeln möchten.
2. Gewährleistung von Wertsteigerung: Die Immobilientrends in Tulum steigen Jahr für Jahr weiter.
3. Nachhaltigkeit und Technologie: Kombiniert die natürliche Magie Mexikos mit innovativen Tools.

Mehrsprachige Kommunikation

Wir bieten die Möglichkeit an, uns in Spanisch, Deutsch und Englisch zu kommunizieren, was die Interaktion mit Investoren aus aller Welt erleichtert.

Zögert nicht, euch zu melden, wenn ihr Visionäre seid, die neue Wege zur Immobilieninvestition mit Bitcoin erforschen möchten. Wir freuen uns darauf, mit euch zusammenzuarbeiten und gemeinsam eine erfolgreiche Zukunft aufzubauen.

Kontakt: Schreibt uns einfach. Wir werden alle eure Fragen detailliert und enthusiastisch beantworten. Zusammen können wir diese Immobilie in ein außergewöhnliches Projekt verwandeln!

---

TulumImmobilien #BitcoinFreundlich #NachhaltigesLeben #InvestiereInTulum #RustikalerCharme #ImmobilieZuVerkaufen #DezentralisierteFinanzen #TulumTräume

@ b2d670de:907f9d4a

This is a list of nostr clients exposed as onion services. The list is currently actively maintained on GitHub. Contributions are always appreciated!

| Client name | Onion URL | Source code URL | Admin | Description | | --- | --- | --- | --- | --- | | Snort | http://agzj5a4be3kgp6yurijk4q7pm2yh4a5nphdg4zozk365yirf7ahuctyd.onion | https://git.v0l.io/Kieran/snort | operator | N/A | | moStard | http://sifbugd5nwdq77plmidkug4y57zuqwqio3zlyreizrhejhp6bohfwkad.onion/ | https://github.com/rafael-xmr/nostrudel/tree/mostard | operator | minimalist monero friendly nostrudel fork | | Nostrudel | http://oxtrnmb4wsb77rmk64q3jfr55fo33luwmsyaoovicyhzgrulleiojsad.onion/ | https://github.com/hzrd149/nostrudel | operator | Runs latest tagged docker image | | Nostrudel Next | http://oxtrnnumsflm7hmvb3xqphed2eqpbrt4seflgmdsjnpgc3ejd6iycuyd.onion/ | https://github.com/hzrd149/nostrudel | operator | Runs latest "next" tagged docker image | | Nsite | http://q457mvdt5smqj726m4lsqxxdyx7r3v7gufzt46zbkop6mkghpnr7z3qd.onion/ | https://github.com/hzrd149/nsite-ts | operator | Runs nsite. You can read more about nsite here. | | Shopstr | http://6fkdn756yryd5wurkq7ifnexupnfwj6sotbtby2xhj5baythl4cyf2id.onion/ | https://github.com/shopstr-eng/shopstr-hidden-service | operator | Runs the latest serverless branch build of Shopstr. |

@ d34e832d:383f78d0

Decentralized Publishing: ChainScribe: How to Approach Studying NIPs (Nostr Improvement Proposals)

[npub16d8gxt2z4k9e8sdpc0yyqzf5gp0np09ls4lnn630qzxzvwpl0rgq5h4rzv]

How to Approach Studying NIPs (Nostr Improvement Proposals)

NIPs (Nostr Improvement Proposals) provide a framework for suggesting and discussing improvements to the Nostr protocol, a decentralized network for open communication. Studying NIPs is crucial for understanding the evolution of Nostr and its underlying principles. To effectively approach this, it's essential to follow a systematic, structured process.

1. Familiarize with the Nostr Protocol: Before diving into the specifics of each NIP, gain a solid understanding of the core Nostr protocol. This includes its goals, architecture, and key components like pubkeys, events, and relays.
2. Explore the NIP Catalog: Visit nostr-nips.com to browse through the available NIPs. Focus on the most recent proposals and those that align with your interests or areas of expertise.
3. Review the Proposal Structure: Each NIP follows a standard structure, typically including a description of the problem, proposed solution, and rationale. Learn to read and evaluate these elements critically, paying attention to how each proposal aligns with Nostr’s decentralized ethos.
4. Follow Active Discussions: Many NIPs are actively discussed within the community. Follow relevant channels, such as GitHub issues or dedicated discussion forums, to understand community feedback and potential revisions.
5. Understand Dependencies: Some NIPs are designed to work in tandem with others or require other technological advancements. Recognize these relationships to better understand the broader implications of any proposal.
6. Hands-On Testing: If possible, test NIPs in a development environment to see how they function in practice. Experimenting with proposals will help deepen your understanding and expose potential challenges or flaws.
7. Contribute to Proposals: If you have insights or suggestions, contribute to the discussion or propose your own improvements. NIPs thrive on community participation, and your input can help shape the future of Nostr.

Donations via
- lightninglayerhash@getalby.com

@ b581c912:7df8270f

Fui abordado por um colega e ele me falou de forma bastante enérgica sobre o projeto Pi Network, após uma breve conversa resolvi dar crédito e estudar sobre a solução proposta.

Tentei ser imparcial e fui direto no site “oficial” (🤔) onde encontrei dois Whitepapers (referência 1), um de 2019 e outro de 2021. Decidi então fazer a leitura pela documentação oficial, tentar não me influenciar mais do que já sou influenciado (como um Bitcoiner Maximlista que acho que sou).

Infelizmente não tive condições de terminar os dois documentos, no capítulo “Pi – Token Supply” de 2019 já deixa claro de forma matemática que Pi Network é uma pirâmide, e como até aquele momento não consegui resposta se o processo de recompensa da rede tinha sido atualizada, eu decidi não gastar mais meu tempo de vida estudando sobre o protocolo.\ \ Deixo aqui as anotações que fiz até onde tive condições de ler. Por favor, sinta-se à vontade para contra-argumentar caso você tenha entendido o protocolo de forma diferente, ou assim como Satoshi “If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”.

De forma bastante resumida, esta é minha conclusão:

Pi Network é uma pirâmide declarada na sua própria documentação oficial. Infelizmente, mais uma shitcoin.

Vende a ideia de descentralização e justiça, mas não tem nada descentralizado e muito menos justa, usando da falácia argumentativa e frases de efeito tenta vender sua pirâmide financeira.

(OBS: os primeiros capítulos do Whitepaper de 2019 são concentrados em atacar o Bitcoin e seu ambiente, mas sem a coragem de pelo menos descrever corretamente como o ambiente funciona. Soltando verdades pela metade leva o leitor a achar que o ambiente do Bitcoin é malicioso e precisa de ‘melhorias’)

1. Introduction: Why cryptocurrencies matter

2. Traz alguns argumentos para validar a existência do Pi Network, cita falhas do sistema fia, mas não citou o maior problema: Inflação e/ou impressão de dinheiro;

3. Securing Distributed Ledgers (Mining)

4. “This process (Bitcoin mining) is very secure, but it demands enormous computing power and energy consumption as users essentially “burn money” to solve the computational puzzle that earns them more Bitcoin. The burn-to-reward ratio is so punitive that it is always in Validators’ self-interest to post honest transactions to the Bitcoin record.”

5. Aqui é descrito como se a base da “Prova de Trabalho” fosse punitiva “burn-to-reward”, quando na verdade  é completamente o contrário: meritocracia total. Trabalhe de forma justa, com dados reais, não tente burlar o sistema e você será recompensado, não importa quem você é ou de onde você vem. Seja justo, trabalhe e seja recompensado.

6. Problem: Centralization of power and money put 1st Generation Cryptocurrencies out of reach

7. O capítulo inteiro é focado em criticar o PoW, sendo que PoW + ”algoritmo de consenso” é a base da solução do problema do “General Bizantino” em um sistema descentralizado. Usando argumentos de ‘excesso de consumo de energia’ e outros para causar desprezo à tecnologia.

8. O Bitcoin é o mercado mundial que mais usa energia renovável. Em 2022 tinha um total de 56% de toda a rede de mineração rodando sobre energias renováveis (2). No Brasil temos algumas empresas que atuam em reutilização de energia renovável para mineração de Bitcoin (3).

9. A Simplified Introduction To Consensus Algorithms

10. A explicação desse capítulo ficou MUITO vago, deixando a entender que o que o minerador coloca no bloco é válido como dado real. Quando na realidade isso não é verdade: o minerador (Mining Node) realmente precisa fazer cálculos computacionais e quem achar o bloco ganha o direito de enviar essa informação para os Nós (“validation” nodes, se é que eu posso chamá-los assim), então os Nós é que vão decidir de forma descentralizada se aquele bloco é válido ou não, caso não seja, recusando o bloco e aceitando o próximo bloco válido.

11. A Simplified Introduction To Stellar Consensus Protocol

12. Este capítulo já começa reforçando a falácia anterior “Pi uses the other type of consensus algorithms”, tentando reforçar que o mecanismo de consenso do Bitcoin é inseguro ou custoso, sendo que no capítulo anterior eles misturaram a prova de trabalho (mineração) com a validação dos blocos, que é realmente o “consensus algorithms”, ou seja, o argumento utilizado aqui é nulo, não fazendo sentido além do de tentar levar o leitor a menosprezar a solução do Bitcoin.

13. “One major criticism of BFT (Byzantine Fault Tolerance) is that it has a centralization point: because voting is involved, the set of nodes participating in the voting “quorum” are centrally determined by the creator of the system in its beginning.”

    1. Não sei qual BFT exatamente eles estão criticando aqui, mas certamente não é o Bitcoin. Os Nós (“validation” nodes) não são centralmente especificados, qualquer um pode entrar como um nós validador e fazer parte da validação dos blocos, rejeitando aqueles que considera não verdadeiros por N motivos. O sistema de consenso do Bitcoin é feito por %, se 51% dos nós validadores aceitam o bloco (minerado pelo nó minerador) aquele bloco é então visto como válido. Se 51% rejeitam, aquele bloco é rejeitado por toda a rede.

14. Pi’s Adaptations to Stellar Consensus Protocol (SCP)

15. “For example, once a week, the stellar network is using it to compute inflation on the stellar network and allocate the newly minted tokens proportionally to all stellar coin holders (Stellar’s coin is called lumens). In a similar manner, the Pi network employs SCP once a day to compute the network-wide new Pi distribution across all Pi miners (pioneers, contributors, ambassadors, nodes) who actively participated in any given day. In other words, Pi mining rewards are computed only once daily and not on every block of the blockchain.” 

    1. Aqui está deixando claro a centralização da recompensa? Não ficou muito claro, mas me parece que a recompensa é mantida em um wallet temporária (controlada por quem? pelo ambiente? Isso quer dizer que a equipe de desenvolvimento controla a wallet?) e distribuída no fim do dia. Qual o nível de transparência desse processo? É possível analisar tudo capital armazenado, de onde veio, para onde está indo, quanto foi para cada ‘mão’?.

16. “Mining pools are not only points of centralization, but also their operators get cuts reducing the amount going to individual miners.  In Pi, there is no need for mining pools, since once a day everyone who contributed get a meritocratic distribution of new Pi.” 

    1. Aqui reforça a solução centralizada que eles mesmo acabaram de criticar. Se meus fundos vão ficar na mão da “Pi Network” que seja 1 dia apenas, então eles estão centralizando os incentivos.

17. Pi Economic Model: Balancing Scarcity and Access

18. Inverted Means Uneven

    1. Bem vindo à meritocracia, bem vindo à prova de trabalho, bem vindo à vida real. Quem viu a qualidade e futuro na solução XYZ e gastou seu próprio tempo entendendo, aprendendo e se especializando, consequentemente ganha mais. Isso não quer dizer que quem está entrando agora não ganhe ou esteja “burning more energy for less bitcoin”, eles entram agora sabendo que a recompensa é menor e que o trabalho está mais difícil, mas mesmo assim acreditam no potencial da solução.

19. Hoarding Inhibits Use As A Medium Of Exchange

    1. É necessário entender a história do dinheiro. Qualquer dinheiro precisa primeiro passar pelo processo de “reserva de valor” https://miro.medium.com/v2/resize:fit:1400/1*7-2w9CZn8yVeO31SmBQqow.png 

    2. Abstrairei aqui as camadas 2: Lightning, LIquid, Ark e etc, que já são usadas há alguns anos justamente para resolver o problema de “apenas reserva de valor e não moeda de troca”

20. The Pi Economic Model

21. Aqui temos um grande problema: levando em consideração que os fundos diários serão centralizados em uma ‘carteira temporária’ (isso foi especificado no capítulo “Transaction fees”, sem especificar quem ou o que controla essa carteira) , e unindo isso com a ‘distribuição justa’ e o fato de que eles querem ‘garantir que grandes quantidade de Pi não sejam concentradas em poucas mãos’, me vem a pergunta: quem decide o que é justo? Quem decide a distribuição justa? Quem decide o quanto é “grande quantidade”?

22. Pi – Token Supply

23. M=∫ f(P), uma função logarítmica decrescente, onde P é a quantidade de participantes. Resumidamente: M paga menos a cada novo integrante na rede

24. R=(r*M), onde a distribuição por novo membro acontece com 25% para o indicado (novo membro) 25% para o indicador (o membro que indicou) e 50% distribuído para o resto da rede
25. D=t*(M+R), remuneração dos desenvolvedores. Fixando t=25% de cada Pi token gerado
26. Acredito que a fórmula final pode ser traduzida como: (∫f(P)dx)⋅(1+r)⋅(1+t)
27. Tendo em vista esta tradução dissertativa do cálculo de “Token Supply”, é possível considerar que Pi Network é uma pirâmide: a recompensa é distribuída entre ‘indicado’ (novo membro), ‘indicador’ (quem indicou), equipe de manutenção da rede e por fim, o resto da rede. Essa recompensa diminui a cada novo membro na rede, forçando todos a continuar introduzindo mais membros (obviamente novos membros são incentivados com mais afinco para essa atividade, ou seja, se não indicarem mais membros, não ganham mais incentivos)

28. Apesar de existir recompensa através de taxas de transação, essa recompensa traz um grande problema que já foi citado anteriormente: centralização.

29. Outras críticas gratuitas sem nexo(?)

    • Em vários pontos eles só soltam informações soltas sem contexto tentando direcionar o leitor a uma avaliação falaciosa do ambiente do Bitcoin:
    • “While Bitcoin’s process for updating its record is proven (burning energy / money to prove trustworthiness), it is not very user (or planet!) friendly.”
    • Utilizando frases de efeito de um problema inexistente para validar a necessidade da solução proposta. Já é comprovado que o Bitcoin não consome energia em excesso, não é um perigo para o meio ambiente, muito pelo contrário.
    • “Moreover, due to Bitcoin’s lack in the safety guarantee, Bitcoin’s blockchain in rare occasions can be overwritten within the first hour. This means that a user of Bitcoin must wait about 1 hour before they can be sure that a transaction is considered final.”

    • “lack of safety guarantee” leva o leitor a achar que existe um problema de segurança

    • “in rare occasions can be overwritten” se qualquer bloco do Bitcoin for reescrito, então a rede foi hackeada, fim! Não existe forma de reescrever um bloco sem ultrapassar 51% da PoW atual.

30. Stella Core (Stellar Consensus Protocol SCP)

    • A equipe/gestora inicial são sabiamente conhecidos, vou abstrair toda e qualquer argumentação lógica do pq isso é terrível para o sistema.
    • Eles fazem questão de deixar tds os responsáveis pelo protocolo conhecidos https://stellar.org/foundation/team 
    • O David Mazières, autor principal do SCP, parece o Vitalik Buterin, criador da shitcoin Ethereum. Isso não deve ser levado como argumento válido!
    • https://github.com/stellar/stellar-core/tree/master
    • Sim, o protocolo é Open Source, já possui 81 contribuições de pessoas conhecidas e anônimas. Mas o fato de os principais gestores e mantenedores do projeto serem conhecidos cria um grande problema de segurança no protocolo. Em caso de um projeto deste vir a realmente ser útil e financeiramente rentável, basta impor sanções governamentais, processos ‘legais’, prisão ou sequestrar familiares e assim obrigar o protocolo mudar de objetivo/função/código.
    • Pré-mining(?): vários artigos citam ‘pioneiros’ migrando Pi Coin para a main net, ou seja, induz a ideia de pré-mining?

    • https://economictimes.indiatimes.com/news/new-updates/pi-network-coins-62-crash-explainedwhy-it-declined-and-what-it-means-for-crypto-enthusiasts/articleshow/118442880.cms?from=mdr

    • https://cointelegraph.com/explained/pi-network-mainnet-launch-what-it-means-for-pioneers

    • https://explorepi.info/en/statistic

    • Mas baseado no capítulo do Whitepaper, o capítulo “Pi – Token Supply“ especifica que o grupo de desenvolvedores (que mantém o protocolo) receberá 25% de todos os tokens, sabendo que o número de participantes é fixado em 100 milhões, podemos deduzir que 25% dos tokens foram pré-minerados para o grupo de desenvolvedores.

    • Transparência e KYC

    • Apesar da teórica descentralização da mineração, os nós precisam de KYC, possivelmente armazenado em um servidor central do SCP, apesar de não estar claro como o processo deles funciona, qualquer tipo de centralização e obtenção de dados pessoais levanta extrema cautela.

      • https://www.binance.com/en/square/post/20211503293737 
      • https://www.reddit.com/r/PiNetwork/comments/1isjnve/issue_with_kyc_on_pi_network_after_reinstalling/
      • https://coindcx.com/blog/crypto-news-global/pi-network-kyc-deadline-and-mainnet-launch/ 
        • Possui equipe formalmente organizada
        • Equipe de marketing

    • Fundação bem organizada

    • Hierárquica interna

\ O artigo se chama "(quase) Análise" justamente por que não tive condições de terminar os dois documentos.

[1] https://minepi.com/white-paper/#original-whitepaper 

[2] https://www.bitstamp.net/en-gb/learn/crypto-101/bitcoin-energy/#:\~:text=Bitcoin%20and%20clean%20energy,use%20was%20closer%20to%2040%25. 

[3] https://br.cointelegraph.com/news/bitcoin-mining-renewable-energy-transitionhttps://brasilbitcoin.com.br/blog/a-evolucao-da-mineracao-sustentavel-de-bitcoin/https://www.infomoney.com.br/onde-investir/mineracao-de-bitcoin-pode-ajudar-a-reduzir-energia-ociosa-no-brasil-diz-estudo/

@ a012dc82:6458a70d

In 2021, El Salvador embarked on an unprecedented financial experiment under President Nayib Bukele's leadership by adopting Bitcoin as legal tender. This decision was not only groundbreaking but also positioned the small Central American nation as a pioneer in the global financial landscape. The move was seen as a step towards modernizing the country's financial system and making it more inclusive and forward-thinking. It was a daring venture into uncharted territory, signaling El Salvador's willingness to embrace technological innovation and challenge traditional economic models. The decision was met with a mix of admiration and skepticism globally, as it represented a significant departure from conventional monetary policy and raised questions about the future of digital currencies in mainstream finance.

Table of Contents

• The Genesis of the Bitcoin Law

• Implementation and Challenges

• Economic Impacts and International Response

• Bukele's Vision and Controversies

• The Future of Bitcoin in El Salvador

• Conclusion

• FAQs

The Genesis of the Bitcoin Law

The journey to adopting Bitcoin as legal tender was marked by the introduction of the Bitcoin Law, a bold legislative move by President Bukele's administration. This law required all businesses to accept Bitcoin in addition to the US dollar, which had been El Salvador's official currency for two decades. The law aimed to democratize financial access, especially for the 70% of Salvadorans who did not have bank accounts and relied heavily on cash transactions. It also sought to reduce remittance costs for millions of Salvadorans living abroad, who annually send billions of dollars back home. The Bitcoin Law was a part of Bukele's broader strategy to reposition El Salvador as a hub for technological innovation and economic growth. However, the law also raised significant questions about the feasibility and stability of using a highly volatile digital currency in everyday transactions.

Implementation and Challenges

Implementing the Bitcoin Law was a complex endeavor. The government's launch of the “Chivo” digital wallet was intended to facilitate Bitcoin transactions and offer a $30 Bitcoin incentive to users. However, the rollout faced technical glitches and public mistrust in cryptocurrency. Many Salvadorans were unfamiliar with Bitcoin, leading to a steep learning curve and reluctance to transition from traditional cash transactions. Additionally, the fluctuating value of Bitcoin posed a risk to users, particularly those living in poverty or on fixed incomes. The government's efforts to promote Bitcoin adoption also faced international scrutiny, with financial experts questioning the impact on El Salvador's financial stability and its relationship with global financial institutions.

Economic Impacts and International Response

The economic impact of Bitcoin's adoption in El Salvador has been a subject of intense debate. On one hand, it has attracted significant attention from the global cryptocurrency community, positioning the country as a potential hub for digital finance. On the other hand, the move has been met with caution and criticism from international financial institutions. The International Monetary Fund (IMF), for instance, expressed concern over the potential risks associated with Bitcoin's volatility and its implications for financial stability, governance, and consumer protection. The fluctuating value of Bitcoin also posed a challenge for the national budget and financial planning. Despite these concerns, the Bukele administration remained committed to its digital currency strategy, viewing it as a long-term investment in the country's economic future.

Bukele's Vision and Controversies

President Nayib Bukele, a charismatic and controversial leader, has been at the center of El Salvador's Bitcoin experiment. His administration's aggressive push for Bitcoin adoption was part of a broader vision to transform El Salvador into a modern, technologically advanced economy. Bukele's plans included the development of a “Bitcoin City,” funded by Bitcoin-backed bonds, which was envisioned as a tax-free haven for cryptocurrency investors. However, these ambitious projects have not been without controversy. Critics have raised concerns about the lack of transparency in the government's Bitcoin transactions and the potential for financial mismanagement. Bukele's autocratic tendencies, including his clashes with the judiciary and the press, have also raised alarms about the democratic governance of these initiatives.

The Future of Bitcoin in El Salvador

As El Salvador continues its journey with Bitcoin, the future of this initiative remains a topic of global interest and speculation. The country is navigating uncharted waters, and its experience will likely serve as a case study for other nations contemplating similar moves. The success of Bitcoin in El Salvador depends on various factors, including technological infrastructure, public education, and global market dynamics. The government's ability to manage the currency's volatility and integrate it into the broader economy will be crucial. Additionally, the impact of this initiative on financial inclusion, remittances, and economic growth will be closely watched. El Salvador's experiment with Bitcoin could pave the way for a new era of digital currency adoption, but it also faces significant challenges that could shape its outcome.

Conclusion

El Salvador's adoption of Bitcoin as legal tender under President Bukele's leadership marks a significant moment in the history of digital currency. This bold move has positioned the country as a trailblazer in the cryptocurrency world, but the long-term outcomes of this bold experiment remain uncertain. As El Salvador navigates the challenges and opportunities presented by this initiative, its journey will undoubtedly offer crucial insights into the future intersection of technology, finance, and governance. The world is watching as El Salvador tests the limits of cryptocurrency integration, and its experiences will likely influence global financial policies and the adoption of digital currencies in the years to come. Whether El Salvador's gamble on Bitcoin will pay off or serve as a cautionary tale remains to be seen, but its impact on the global financial landscape is undeniable.

FAQs

What is the Bitcoin Law in El Salvador? The Bitcoin Law in El Salvador is a legislation that made Bitcoin a legal tender alongside the US dollar. It mandates all businesses to accept Bitcoin for transactions and was introduced to promote financial inclusion and modernize the economy.

Why did El Salvador adopt Bitcoin as legal tender? El Salvador adopted Bitcoin to increase financial accessibility for its unbanked population, reduce remittance costs, and position itself as a leader in digital currency innovation.

How does the Chivo wallet work? The Chivo wallet is a government-backed digital wallet that facilitates Bitcoin transactions in El Salvador. Users receive a $30 Bitcoin bonus for signing up, aiming to encourage the adoption of Bitcoin.

What are the challenges faced by El Salvador in adopting Bitcoin? Challenges include technical issues with the Chivo wallet, public mistrust and lack of understanding of Bitcoin, and the currency's volatility impacting economic stability.

How has the international community responded to El Salvador's Bitcoin adoption? The international response has been mixed, with some praising the innovative approach, while institutions like the IMF have expressed concerns over financial stability and consumer protection.

What is Bitcoin City and how is it funded? Bitcoin City is a proposed development in El Salvador, envisioned as a tax-free zone for cryptocurrency investors. It is planned to be funded by Bitcoin-backed bonds.

That's all for today

If you want more, be sure to follow us on:

NOSTR: croxroad@getalby.com

X: @croxroadnews.co

Instagram: @croxroadnews.co

Youtube: @croxroadnews

Store: https://croxroad.store

Subscribe to CROX ROAD Bitcoin Only Daily Newsletter

https://www.croxroad.co/subscribe

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ 4898fe02:4ae46cb0

Posted Feb 28, 2025  Updated Feb 28, 2025

By Fionn O'Nymm

3 min read

---

Fulfilling P2P Electronic Cash

Bitcoin only begins to fulfill the vision of bitcoin being a P2P electronic payment network when people actually use it to transact. Unschooled is positioning itself to realize some of the potential for which Satoshi Nakamoto had originally imagined it would be used.

Tech-savvy educators across the globe are uniquely positioned to be using bitcoin for transacting and selling their service online, free from jurisdictional constraints offered so magnanimously by our dear governments. Influencers, bloggers and programmers alike have already been able to plug into Bitcoin and Lightning for transmitting value around the globe, and Unschooled wants to push educators down the same stream.

So what makes the field of P2P Education so well-suited to transact using Bitcoin and Lightning?

1. Educators have one foot in both worlds

If you are a developer or influencer, you may already be transacting adversarially using Bitcoin or Lightning–but where are the Educators? Well - more often than not, they still have one foot in the ‘meat space.’ Be not mistaken, this is a strength. Educators, like Hermes from the Greek pantheon, are conduits between worlds. This makes them experts in bridging gaps in understanding as is so desperately needed for onboarding new freedom-minded users to bitcoin. And since they are, more often than not, end-users themselves, they have an intimate understanding of the user experience in a a way that others do not. Let’s help educators in becoming among the first beneficiaries of the global P2P market of our information age.

2. Great learners make great educators

Those who have spent the most time learning the ins and outs of how technology works become the best at explaining it to new users. One day, we can hope, the experience of decentralized payment networks will become so intuitive that we no longer rely on educators to explain it to people. It will become second-nature, and the focus of rendering educational services exogenous to the new economic reality can begin to take place. Those who have the most to share will be teaching those who are the most eager to learn. The Unschooling experience seeks to help in un-doing the malaise brought about by the economic-educational complex of governments.

3. Government issued education sucks

Leave teachers to teach, and they will change the world. Those who are capable of designing and marketing quality lessons ought to be able to enter their talent to be offered in the free market.

4. Ship it instantly

Like developers and influencers, educators have a product that can be shipped instantly across the globe with minimal energy output. Unschooled is a home for their product. There are many ways in which you may go about this (using these recommended tools, for example); you are only limited by what you can imagine.

5. Nothing can replace a mentor-student relationship

AI can do many things, but what it cannot do is replace the human-connection that can exist between a mentor and student. It cannot invite you to your hometown for coffee, attend a conference or event with you, meander off into tangents with you about what it means to be alive (well, maybe almost) like the way a great mentor can. In education, AI will make for a magnificent game-changer, but there’s nothing like great teachers.

@ 2e8970de:63345c7a

Atlanta Fed is now projecting Q1 GDP -1.5%. Last week it was +2.3%. 4 weeks ago it was +3.9%

https://x.com/AtlantaFed/status/1895508046215852476

originally posted at https://stacker.news/items/899962

@ 6fac7d89:9d76f561

With the price of Bitcoin having gone significantly up over the past few months (I wrote this about a month ago to post on Stacker News), I imagine interest in acquiring it has gone up as well. As such, I'm here to share with you every method I use to stack sats so that we can all HODL more. While the majority of my experience in regards to phone apps is on Android, some of the apps mentioned may work on iPhone as well (I just got an iOS based device and intend to discover methods on there as well with time) so links provided will be the Play Store or my referral links. Some of the referral messages have included Apple App Store links by default so I've left them in.    

Bitcoin Education:   First and foremost, I think that anyone seeking to acquire BTC should learn about it. From how it works, to how to acquire and then store it. As such, this first category I'm covering is for BTC education resources that also reward you with satoshis for your learning progress.  

Yzer: Probably my favorite app in this category as it covers more than the others mentioned in greater depth. While the other apps do cover some aspects of the history of money, economics, and investing/finance, this one really delves into it to offer the most robust education of the bunch. I didn't even know about Austrian economics until going through the lessons provided here, and it boasts the most lessons of this category as well. Each section is divided into chapters containing a few lessons and an end-of-chapter quiz, and you have a chance of earning a few satoshis upon completion of a lesson or quiz.

Use my referral code to earn an extra 50 sats upon reaching level 2: KAB4ZKD https://play.google.com/store/apps/details?id=io.wizzer.academy&pcampaignid=web_share  

Simple Bitcoin: This app can be breezed through in regards to the lessons offered, allowing you to complete the learning aspect of it pretty quickly. Instead of rewarding sats outright for completion of lessons, this app rewards you with tickets you can spend to spin a wheel to earn small amounts of sats. Where this app shines is that while Yzer stops rewards when all lessons are completed, Simple Bitcoin has a news section where articles from outside sources are summarized, and reading them earns you more tickets. There is a limit to how many articles/day you can read unless you pay for premium, however, which also increases the reward amounts feature on the prize wheel.

https://simplebitcoin.page.link/ozJaD6uCaUyscYWy6  

Jippi: The newest of the bunch in this category, Jippi is still in its earlier stages of development and thus is the least robust. This one works a little differently as, for the time being, you need to complete all available lessons to earn a lump sum reward of 200 sats. Unlike the other educational apps, this one offers audio lessons to listen to for completion alongside the usual texts to read. While still in development, they plan to release a feature called "Tribe Clash" which they describe as "Pokemon Go for Bitcoin".

https://play.google.com/store/apps/details?id=com.jippiApp.jippi.prod&pcampaignid=web_share    

Buying Bitcoin: So now you know about Bitcoin, but how can you buy some? While there are many crypto exchanges that offer BTC, this bitcoin-only service offers a more robust experience in regards to BTC and the purchase of it.  

Swan: While Swan allows you to buy BTC outright or via recurring buy (DCA), it has some additional interesting features and offerings as well. Their learn section allows you to further educate yourself on various aspects of bitcoin and perspectives on it, and they even offer a Bitcoin IRA (either Traditional or Roth) for those interested in such a service. The caveat to the IRA is that you'll be entrusting them with your BTC instead of having full custody and responsibility of it yourself.

Use my referral link and get $10 of BTC: https://www.swanbitcoin.com/MF_MOON    

Cash-Back: The next category I'll be covering is cash-back options, be they via spending with a certain card or using apps/extensions to earn sats on your purchases. Because if you're going to spend money anyways, why not try to get some of that money back in sats for your stack?  

Satsback: This browser extension works pretty similar to other cash-back extensions if you've ever tried them: if you're on a site which the extension offers cash-back on, a pop-up to activate it will appear. Make sure to have adblockers and (possibly) your VPN disabled before activating to ensure you get your reward (I suggest you do this for any similar extensions mentioned below as well).

https://satsback.com/register/k524KP0olqLX19Ov  

Fold Debit Card: Fold has several options that allow you to earn sats, one of which is the option to buy gift cards to popular retailers like Amazon, Google Play, Home Depot, Bass Pro Shop, AirBnB and more and earn sats back on the purchase. You can earn even more sats back by paying for these gift cards with their debit card, which needs to be pre-loaded to use, but using another card will still earn you sats, albeit at a lower rate. If you do have their debit card and opt for their premium service, Fold+, you can also earn 1.5% back on all purchases made with said card. Fold+ even offers you cash back on paying bills with the account and routing numbers they provide, though you need to hit certain spending thresholds in the prior month to be eligible for this feature. The app also offers a daily spin to earn small amounts of sats, with higher amounts including a whole Bitcoin locked behind the premium membership. Depending on your average spending and bills, this could be worth it though.

https://use.foldapp.com/r/3RHW4FUJ  

CoinMiles: CoinMiles is like SatsBack in the sense that it lets you earn cash-back in bitcoin via online retailers within their app (similar to Lolli below) with the added feature of cash-back in sats on the purchase of gift cards as well, similar to Fold.

Using my referral code will earn us both 5000 sats. https://coinmiles.onelink.me/90Pp/96f2tati  

Gemini Credit Card: Crypto exchange Gemini offers a credit card that offers some pretty nice rewards for using it, which has become my go-to method of spending at this point. Allowing you to choose from every crypto asset they offer for your cash-back rewards, you can earn in more than just Bitcoin with this card. The rewards rates are as follows: 4% back on gas at the pump and EV charging, 3% back on dining, 2% back on groceries, and 1% back on everything else. They also have "Merchant Reward Offers" in which they offer a higher rate in cash back on top of the default rate for the category the merchant falls under, I've gotten a total of 8% back at a local brewery using this as it automatically applies if you use the card at said locations. Rewards are issued and credited to your Gemini accounts instantly upon making said purchase. The one issue I take with the exchange is that without lightning integration, BTC withdrawal fees can get steep. As a result, I opt to earn in another asset with lower withdrawal fees and swap said asset for BTC via an external swapping service.

If you choose to purchase assets directly via the exchange as well, using my referral link can earn you referral rewards that scale with how much crypto you purchase with them: https://www.gemini.com/share/wwm6w8a3e  

Lolli: Boasting both an app and a browser extension, Lolli offers not only cash-back similar to SatsBack, but also card boosts, which reward you for paying with a linked credit or debit card in stores they offer. Simply activate the boost before paying with your linked card to earn cash-back in sats, or when shopping online, activate cash back via a pop-up from the browser extension or clicking the retailer within the app to be directed to their site. Similar to Fold, the app features a daily way to earn small amounts of sats.

https://lolli.com/share/T2r2NYSr7A  

Bitcoin Company Rewards: Another app that allows you to buy gift cards and earn sats back on the purchase, this one has the standout option of offering Visa gift cards within the US to earn a small amount of sats back on, among many other card offerings.

Use my referral code to earn 1000 sats to start. Referral Code: O30WN3 https://play.google.com/store/apps/details?id=com.tbtc_app&pcampaignid=web_share    

Social Media: These next two are, in my opinion, the future of social media, and you can earn on them too!   Stacker News: Reddit meets Hacker News on this site, which encourages quality content through the implementation of the lightning network and satoshis. You don't have to be signed up to browse and read content on here, but you should be, and you should use my referral link to do so!

https://stacker.news/r/MF_MOON  

Nostr: This one can be a little tougher to describe, but I'll do my best. Nostr is a social media platform that operates on an open-source protocol that supports of variety of applications or "clients" utilizing a unique public and private key pair. Connections can be maintained across clients, which are often made to emulate the more well-known social media services out there. It can be daunting to get into at first, and requires some involvement as there are no built-in algorithms (though devs are starting to provide ways to implement some for discoverability) but it boasts a great community. Users can "zap" each other sats for content they like, and it's integrated with a number of other services at this point including Fountain and Wavlake (see below).

Feel free to follow me on there: https://njump.me/nprofile1qqsglhkx0ey8pdac9ne4w9m4tzglpv2tkl8tvuyc9dzgyrgj07lk42ccwtvy9    

Music & Podcasts: Want to earn sats for offering up your ears while doing other things? With these apps, you can enjoy your favorite podcasts and discover new music to earn sats as you listen.   Wavlake: While this app allows you to listen to promoted songs to earn a few sats each day, it also offers you the ability to earn sats on your own music and podcasts that you upload to the service. If people listen to your content via the service and like it, they can send you sats, along with feedback and other comments. There is a flat fee of 10% of all earnings for creators, but it's another way to get your content some exposure and possible earn some sats along the way!

https://wavlake.com/    

Cloud Mining: The next section I'll be covering is a bit of a dicey topic as some consider it to be scam. While I agree that paying for cloud mining is absolutely a scam, the services I'll be mentioning here offer free options that offer low earnings but only require a daily check in that I do all at once. While I can't tell you how to spend your money, I HIGHLY suggest you avoid spending any money on higher mining rates and spend that money on BTC directly instead.   Bitcoin Mining (Crypto Miner): This one offers you 2 free "mining contracts": 1 that you can claim every 8 hours, and another that serves as a daily check-in reward for checking in consistently, as rewards increase the longer your check-in streak is. Claiming contracts involves simply tapping the corresponding claim button, so I usually claim the 8 hour contract 2 times a day and the daily one when I go to make the 2nd 8 hour claim. Your free earning rate can be increased by watching ads for a temporary boost if you so desire as well.

You can get an extra 10% in earnings using my referral link. https://cloudminecrypto.com/?invite_code=R0yMgkOEmEajYvD6 or download the app and add my invite code R0yMgkOEmEajYvD6 directly.  

Bitcoin Mining: This one is pretty similar to the previous one, but the free 8 hour mining option can only be activated once per day even if it's finished, unlike the other one. Similar to the prior app, you can watch ads to boost mining rate if you so desire. A nice feature of this one is that it integrates popular lighting wallets including Speed, ZBD and Muun for more seamless withdrawals.

My invitation code:5UHLF Appstore: https://apps.apple.com/us/app/id6503180820 Google play: https://play.google.com/store/apps/details?id=bitcoin.minning.com  

Ember: While this started off as a regular mining app on which you check in once a day, they've changed their model up a bit recently: you now earn "bonus sats" which must be gambled in games, and the sats earned from said games are then withdrawable. Essentially, you have to convert your earnings via a gambling game of some sort to make them eligible for withdrawal, with the risk of losing them along the way. However, this one earns the most in this category by far, especially if you have a network of friends to mine with as this affords you increased earning rates.

Referral Code: MNGCC33WRON https://emberfund.onelink.me/ljTI/l4g18zii?mining_referrer_id=MNGCC33WRON  

Games: Here we have games that offer BTC as rewards for paying in small amounts. While they won't earn you a ton, they're nice little time-killers to earn you sats on the side.  

ZBD: While technically a lightning wallet, the following app are powered by ZBD wallet, so you'll want to install this to claim your earnings from them. ZBD offers a variety of ways to earn should you choose to dabble in them, from completing surveys to watching videos to trying out games that allow you to earn from play time. The options I personally opt for are their daily poll and playing the next game listed below, as it allows you to earn without a "time-gated" mechanic: if you build up your game to a certain point and will allow you to earn more rapidly than any others I've tried. But see what games they offer and if you find them fun, go for it!

Referral Code: PEXE52 https://zbd.link/hcHi/invite?af_sub1=PEXE52  

Bitcoin Miner: Being an idle game, this one has a slow start but with a little dedication, can become one of the quickest and most consistent earners in this category. The daily withdrawal limit is unfortunately 330 sats, but when you're maxed out in the current state of the game, you can earn this within 3.5 resets, each of which takes me under minutes to max out with the right strategy and which can be done once every 30 minutes. A one-time purchase of $11.99 will remove all ads, which in my opinion is worth it as you can earn $10/mo in BTC with this game. Using my referral code will net you some of the premium in-game currency to get you started off nicely.

Referral Code: 8H44HB Google Play: https://play.google.com/store/apps/details?id=com.fumbgames.bitcoinminor&pcampaignid=web_share Apple App Store: https://apps.apple.com/us/app/bitcoin-miner-idle-tycoon/id1413770650  

THNDR Games: THNDR is a developer that offers a few different games you can play to earn tickets in timed drawings to earn sats, and with your tickets across their games pooling up in a single grand total for the prize drawing when the time comes. I personally find their game "Bitcoin Bay" (a bubble popping game) to be the one that strikes the best balance of fun and earning potential, so its the only one I keep on my phone (I don't want to be playing games on my phone much in my day as it is) but it's really a matter of personal preference which game of theirs you want to play. A nice feature here is that they integrate with lightning wallets including ZBD, Speed, and Strike among others.

https://bitcoinbay.thndr.games/r/tdhP  

Bling: Bling is a developer that makes a number of "match" games a la Candy Crush that allow you to earn in BTC and some of which offer earnings in other crytpo assets as well. I personally play their game "Sweet Bitcoin" as I find it to be the most visually appealing, but they all appear to earn at the same rate in my experience. The on caveat to these games is that it has an "energy" system similar to Candy Crush which allows you to play a limited number of games as a time-gating mechanism until you "recharge" plays. For this reason, if this is your preferred type of game, you may want to download more than one of their offerings to be able to earn more in less time. Their games offer withdrawals that integrate CoinBase, Lightning options ZBD and Strike, and PayPal (but only in USD for this option).

https://bln.gg/1NC-CQX-JDK  

Earn While You Browse: This last one is an extension on your browser that allows you to earn sats as you browse the web.

Slice: This browser extension adds small ads to sies you visit as you browse, paying you for the respective views. They also offer the option to change your new tab page & default browser for additional earnings, as well as a desktop app to display ads in the bottom right of your screen for even more opportunities to earn. The only downside to this is that your VPN must be turned off, and earnings are made in "slices" which must then be converted to sats.

https://addslice.com/?crew=FjVuNqgg    

And there you have it folks, every single method I use to accumulate sats/BTC all in one quick read for your convenience. Given that I've recently also joined the iOS eco-system, I intend to explore that side of earning apps as well, so let me know if any of you want me to share what I find after I spend some time with it, or if you recommend any apps I should check out. I also have methods of earning other coins in passive or semi-passive ways that I then convert into BTC and am happy to share if interest is expressed, or even ways I earn USD in such ways. Feel free to follow me on Nostr (link mentioned above) and to share the ways you earn sats on the side that I may have missed. Stay humble and keep stacking!

@ da0b9bc3:4e30a4a9

It's Finally here Stackers!

It's Friday!

We're about to kick off our weekends with some feel good tracks.

Let's get the party started. Bring me those Feel Good tracks.

Let's get it!

Party Rock! https://youtu.be/KQ6zr6kCPj8?si=jyncDuzGh73_PbuP

Talk Music. Share Tracks. Zap Sats.

originally posted at https://stacker.news/items/892973

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/892722

@ bd32f268:22b33966

Quando estava prestes a entrar para a universidade sentia que a minha vida estava a desenrolar-se plenamente de acordo com os conselhos que havia recebido. Estava focado nos estudos e com a esperança de que esse foco me garantisse um bom trabalho. Com efeito, os estudos abriram algumas portas, no entanto, não posso deixar de assinalar que há outras decisões mais importantes a tomar e que não tiveram o mesmo protagonismo na minha vida.

Nessa mesma altura estava a iniciar um relacionamento amoroso, sem ter clara a finalidade desse namoro e o caminho que o mesmo deveria ter seguido. Talvez até me tivessem aconselhado sobre isso, contudo o foco estava mais no trabalho e em usufruir das oportunidades que se apresentaram nessa juventude confortável, na qual contei sempre com o apoio financeiro dos meus pais. Estava, como a maioria à minha volta, a viver uma vida libertina. Quer isto dizer uma vida sem grandes preocupações, a não ser estudar e fazer o suficiente para não reprovar a nenhuma disciplina. O resto é movido muito mais para emoção do que pela razão. Aquilo que considerava prazeroso era bom e o que não o era, era mau. Não tinha propriamente uma ideia clara do que queria criar a longo prazo e portanto estava muito mais focado no presente e em usufruir daquilo que podia no momento.

Fazendo uma análise retrospetiva de tudo, não culpo ninguém porque a informação existe para quem a procura, contudo noto aqui apenas o ambiente social e cultural que favorece determinadas decisões em detrimento de outras. O foco tem estado muito mais nos estudos, no trabalho e na fruição dos prazeres que se apresentam aos jovens sem que se pense demasiado no futuro.

Neste contexto, e vendo esta fase da vida com outro grau de distanciamento, deixo aqui dez conselhos que julgo essenciais.

Rei Salomão - Gustav Dore

1.Focar na decisão mais importante: constituir ou não família.

A decisão de constituir ou não família é muito mais relevante para a nossa vida do que propriamente a de escolher uma profissão. Não estou necessariamente a fazer apologia de que todas as pessoas devem constituir família, convenhamos que muitos de nós não têm vocação para o mesmo (apesar de muitos ainda assim o fazerem), mas quer seja afirmativa ou negativa a resposta parece-me fundamental que nos concentremos nessa decisão. Muito mais do que qualquer profissão a família é onde naturalmente procuramos apoio, conforto e incentivo perante todas as vicissitudes da vida.

O facto de existirem famílias que não são fontes de amor para as pessoas em nada invalida que esta seja a organização social por excelência que aporta significado ás nossas vidas. Infelizmente, para muitas pessoas uma experiência pessoal mais difícil a este nível influi na forma como pensam sobre a possibilidade de criarem a sua própria família.

Algumas questões a ter em conta nesta ponderação:

Qual é o meu ideal de família ?

Qual o meu papel enquanto homem/mulher no seio da família?

Que tipo de parceiro devo procurar?

Desejo ter filhos ?

Podemos usar estas questões como pontos de partida para iniciar uma exploração da nossa vocação.

2.Tomar decisões cedo em vez de protelar indefinidamente

Atualmente notamos que as pessoas constituem família cada vez mais tarde e que têm filhos cada vez mais tarde. É curioso notar que nos relacionamentos por vezes há alguma pressa para passar do conhecer a pessoa à intimidade sexual e não há pressa alguma para decidir se de facto é com aquela pessoa que queremos passar o resto dos nossos dias.

Este é apenas um aspecto no qual se nota uma progressiva detioração da capacidade para decidir. É-nos muitas vezes transmitida a ideia de que temos tempo e de que não há uma idade certa para tomar determinadas decisões. Estes discursos são cínicos pois é evidente que há fases que são mais propícias para dar determinados passos na nossa vida, daí que seja muito importante aprender a tomar decisões cedo.

Para tomar decisões sóbrias é fundamental saber-se exatamente aquilo que queremos. Se tudo isso está indefinido e não conseguimos postular uma ideia de futuro para nós será muito mais difícil tomar qualquer tipo de decisão importante. Um outro aspecto a ter em conta é o de que as principais decisões são guiadas pela razão, isto é os nossos sentimentos têm de estar ao serviço dos nossos valores e nunca o contrário.

3.Se não te imaginas a casar com a pessoa com quem estás, termina o relacionamento.

Deixar a porta aberta num relacionamento de forma indefinida é algo que vai produzir instabilidade no longo prazo. É óbvio que para muitas pessoas o casamento é “apenas um papel” e portanto não vêm a real utilidade em se casar. Contudo, e de forma não surpreendente, notamos que os casais que têm na sua vida uma visão sobrenatural do casamento tendem a perdurar. Digamos que a cola que é usada para unir as pessoas é de um outro calibre, enquanto que a cola usada por aqueles que não têm Deus nas suas vidas está muito mais sujeita à volatilidade do tempo, dos apetites individuais e do relativismo.

4.Assume a responsabilidade pelos teus erros sem te deixar levar pelo vitimismo.

A cultura atual, influenciada de forma determinante pela filosofia marxista, está permanentemente a postular divisões de poder na sociedade que pressupõe duas categorias principais a de oprimido e opressor. Esta ideologia apoiada no revisionismo histórico e numa pedagogia social falaciosa incute desde cedo na população a ideia de que em algum momento, tendo ou não pertencido a uma minoria, somos vítimas. Vemos vários exemplos e derivações desta doutrina quando tocamos em temas como o feminismo, o racismo e outros ismos que se focam apenas nesta divisão dicotómica oprimido e opressor.

Esta narrativa esquece que a hierarquia é uma organização natural que define aptidões diferenciadas e consequentemente vocações diferentes. Um outro aspecto que também é esquecido é o livre arbítrio, isto é, a ideia de que as pessoas têm poder de decisão e que muitas vezes podem ser coniventes e partes atuantes no sistema em que participam.

Quer isto dizer que individualmente cada um de nós, havendo discernimento, tem escolha e portanto é muito mais produtivo focar a nossa atenção nesse aspecto do que em qualquer tipo de desigualdade que possa existir. A igualdade de circunstâncias para todas as pessoas é uma utopia, a única igualdade que existe é da essência humana.

O caminho para escapar ao vitimismo será sempre o da responsabilidade individual e da gratidão apesar das circunstâncias adversas que possamos estar a viver.

5.Foca-te primeiro no que te é mais próximo antes do mundo

Por vezes, inspirados por uma soberba intelectual que agora é típica da juventude vemo-nos a fazer o papel de ativistas em determinadas causas, algumas nobres outras nem tanto. Acontece que este ativismo é frequentemente uma ato postiço, uma pose que usamos como forma de sinalizar a nossa virtude perante os nossos pares. Onde se percebem os pés de barro é quando notamos que diante das pessoas que nos são mais próximas não temos o mesmo zelo que apresentamos quando estamos a debater as grandes questões do mundo.

Há que ser zeloso com quem nos rodeia e os problemas mais urgentes para resolver, e aqueles em que a nossa intervenção é de facto mais necessária, são os que nos são mais próximos.

6.Dizer a verdade

A corrupção moral funciona de forma gradual, vai de menos a mais, começamos com uma coisa pequena até chegarmos a algo maior. Quando somos mais novos vamos experimentando a corrupção através do exercício da mentira em pequenas coisas e gradualmente vamos avançando para as coisas maiores. Alguns de nós resistem à mentira, facilmente se entende que não desejamos que os outros nos mintam no entanto, se o repetimos muitas vezes facilmente a banalizamos.

A mentira é uma tentativa de esquivar a responsabilidade pelas nossas ações ou opiniões, uma tentativa de fuga ás consequências. Contudo, importa perceber que inevitavelmente vamos sempre confrontar-nos com as consequências sejam quais forem as circunstâncias. Se não as experimentamos pela espada dos outros será pela nossa própria espada quando finalmente percebermos que não há harmonia entre o pensamento e a ação, que dizemos uma coisa mas fazemos outra, que a nossa identidade é também ela uma ficção. O exercício da verdade será a única via para nos aproximarmos de uma existência mais harmoniosa e autêntica, a única forma de estabelecer uma relação genuína com os outros.

7.Decisões inspiradas pela coragem e menos pelo medo

As nossas decisões têm frequentemente como força motriz o medo. O medo da rejeição impede-nos de ir falar com aquela pessoa de quem gostamos, o medo do juízo social impede-nos de proferir a nossa opinião em determinado assunto, o medo da morte leva-nos a ter comportamentos obsessivos com a nossa saúde; enfim, são muitas as situações em que as nossas decisões são pautadas pelo medo.

É importante que cada vez mais, o medo não seja o factor definidor da nossa decisão. A coragem, temperada pela prudência, devem ser os grandes arquitetos da nossa decisão. Aquilo que é bom no sentido mais profundo é o que devemos seguir, independentemente de sentirmos medo.

8.Ninguém é obrigado a gostar de nós, ninguém nos deve nada

O ressentimento e mágoa leva-nos por vezes a tratar os outros como se eles nos devessem algo, como se fosse impensável não nos reconhecerem como aprazíveis aos seus olhos ou justos. Isto é uma forma subtil do orgulho se expressar, porque mais uma vez nos colocamos na posição de vítima e assim, julgamos que os outros nos deveriam reconhecer como virtuosos de alguma forma.

Pois bem, apesar dos outros, tal como nós, terem deveres e poderem fazer menção honrosa da nossa existência não devemos esperar isso. Esperando isso, acabamos escravizados por essas expectativas porque continuamos à espera que gostem de nós. Desta forma distorcemos também o próprio conceito de amor, que é doar-se sem esperar em troca. Não é que os outros não o possam fazer, podem, o problema está na espera e na exigência.

9.Definir uma matriz moral objetiva

Imbuídos de um espírito relativista estamos muitas vezes sujeitos a uma subjetividade enorme no que diz respeito aos nossos valores. O resultado disto é que inevitavelmente vamos ter uma definição menos clara do bem e do mal. Frequentemente vamos confundir o que é bom ou mau com os nossos desejos, alimentado pelos nossos vícios. Para termos uma visão mais clara da realidade é fundamental sairmos dessa visão subjetiva do valor e sermos capazes de procurar a verdadeira fonte das definições morais.

Aqui, há determinadas mensagens sociais que nos confundem os sentidos, nomeadamente aquelas que atestam que tudo são apenas “pontos de vista”, que não há uma “verdade” mas sim várias verdades, e que “neste tempo/cultura/país” a moralidade é outra. São tudo asserções que dificultam esta pesquisa pela verdade e definição moral universal. Neste campo, o ser humano só será capaz de ter mais estabilidade em termos psicológicos aderindo a um sistema de valores imutável, esta é a única forma de basear a sua identidade em princípios mais objetivos.

10.Encontrar um propósito maior para a vida

Santo Agostinho diz-nos o seguinte:

• Se não queres sofrer não ames, mas se não amas para que queres viver?

Santo Agostinho

Por vezes na nossa vida procuramos esquivar-nos do sofrimento e inclusive somos vitimas de um certo ceticismo e embotamento afetivo. Vamos experimentando a traição e a frustração das nossas expectativas e isso vai endurecendo o nosso coração. Em resultado disso, muitas vezes tornamo-nos também mais egoístas, focados na mera satisfação das nossas necessidades e menos nas dos outros. No entanto, isto faz de nós infelizes porque não conseguimos deixar de amar. A solução é encontrar algo maior que nós mesmos para amar, entendendo sempre que a essência do amor é o sacrifício. Encontrar isso é simultaneamente definir um propósito para a vida e daí derivar um significado que nos sustenta até nos momentos mais difíceis.

Eventualmente poderei fazer alguma publicação específica expandindo um pouco mais alguns destes conselhos, uma vez que observo que muito mais poderia ter sido dito em cada um deles. Talvez venha a criar mais algumas publicações sobre este tema.

@ 6260f29f:2ee2fcd4

@ 460c25e6:ef85065c

If you don't know where your posts are, you might as well just stay in the centralized Twitter. You either take control of your relay lists, or they will control you. Amethyst offers several lists of relays for our users. We are going to go one by one to help clarify what they are and which options are best for each one.

Public Home/Outbox Relays

Home relays store all YOUR content: all your posts, likes, replies, lists, etc. It's your home. Amethyst will send your posts here first. Your followers will use these relays to get new posts from you. So, if you don't have anything there, they will not receive your updates.

Home relays must allow queries from anyone, ideally without the need to authenticate. They can limit writes to paid users without affecting anyone's experience.

This list should have a maximum of 3 relays. More than that will only make your followers waste their mobile data getting your posts. Keep it simple. Out of the 3 relays, I recommend: - 1 large public, international relay: nos.lol, nostr.mom, relay.damus.io, etc. - 1 personal relay to store a copy of all your content in a place no one can delete. Go to relay.tools and never be censored again. - 1 really fast relay located in your country: paid options like http://nostr.wine are great

Do not include relays that block users from seeing posts in this list. If you do, no one will see your posts.

Public Inbox Relays

This relay type receives all replies, comments, likes, and zaps to your posts. If you are not getting notifications or you don't see replies from your friends, it is likely because you don't have the right setup here. If you are getting too much spam in your replies, it's probably because your inbox relays are not protecting you enough. Paid relays can filter inbox spam out.

Inbox relays must allow anyone to write into them. It's the opposite of the outbox relay. They can limit who can download the posts to their paid subscribers without affecting anyone's experience.

This list should have a maximum of 3 relays as well. Again, keep it small. More than that will just make you spend more of your data plan downloading the same notifications from all these different servers. Out of the 3 relays, I recommend: - 1 large public, international relay: nos.lol, nostr.mom, relay.damus.io, etc. - 1 personal relay to store a copy of your notifications, invites, cashu tokens and zaps. - 1 really fast relay located in your country: go to nostr.watch and find relays in your country

Terrible options include: - nostr.wine should not be here. - filter.nostr.wine should not be here. - inbox.nostr.wine should not be here.

DM Inbox Relays

These are the relays used to receive DMs and private content. Others will use these relays to send DMs to you. If you don't have it setup, you will miss DMs. DM Inbox relays should accept any message from anyone, but only allow you to download them.

Generally speaking, you only need 3 for reliability. One of them should be a personal relay to make sure you have a copy of all your messages. The others can be open if you want push notifications or closed if you want full privacy.

Good options are: - inbox.nostr.wine and auth.nostr1.com: anyone can send messages and only you can download. Not even our push notification server has access to them to notify you. - a personal relay to make sure no one can censor you. Advanced settings on personal relays can also store your DMs privately. Talk to your relay operator for more details. - a public relay if you want DM notifications from our servers.

Make sure to add at least one public relay if you want to see DM notifications.

Private Home Relays

Private Relays are for things no one should see, like your drafts, lists, app settings, bookmarks etc. Ideally, these relays are either local or require authentication before posting AND downloading each user\'s content. There are no dedicated relays for this category yet, so I would use a local relay like Citrine on Android and a personal relay on relay.tools.

Keep in mind that if you choose a local relay only, a client on the desktop might not be able to see the drafts from clients on mobile and vice versa.

Search relays:

This is the list of relays to use on Amethyst's search and user tagging with @. Tagging and searching will not work if there is nothing here.. This option requires NIP-50 compliance from each relay. Hit the Default button to use all available options on existence today: - nostr.wine - relay.nostr.band - relay.noswhere.com

Local Relays:

This is your local storage. Everything will load faster if it comes from this relay. You should install Citrine on Android and write ws://localhost:4869 in this option.

General Relays:

This section contains the default relays used to download content from your follows. Notice how you can activate and deactivate the Home, Messages (old-style DMs), Chat (public chats), and Global options in each.

Keep 5-6 large relays on this list and activate them for as many categories (Home, Messages (old-style DMs), Chat, and Global) as possible.

Amethyst will provide additional recommendations to this list from your follows with information on which of your follows might need the additional relay in your list. Add them if you feel like you are missing their posts or if it is just taking too long to load them.

My setup

Here's what I use: 1. Go to relay.tools and create a relay for yourself. 2. Go to nostr.wine and pay for their subscription. 3. Go to inbox.nostr.wine and pay for their subscription. 4. Go to nostr.watch and find a good relay in your country. 5. Download Citrine to your phone.

Then, on your relay lists, put:

Public Home/Outbox Relays: - nostr.wine - nos.lol or an in-country relay. - .nostr1.com

Public Inbox Relays - nos.lol or an in-country relay - .nostr1.com

DM Inbox Relays - inbox.nostr.wine - .nostr1.com

Private Home Relays - ws://localhost:4869 (Citrine) - .nostr1.com (if you want)

Search Relays - nostr.wine - relay.nostr.band - relay.noswhere.com

Local Relays - ws://localhost:4869 (Citrine)

General Relays - nos.lol - relay.damus.io - relay.primal.net - nostr.mom

And a few of the recommended relays from Amethyst.

Final Considerations

Remember, relays can see what your Nostr client is requesting and downloading at all times. They can track what you see and see what you like. They can sell that information to the highest bidder, they can delete your content or content that a sponsor asked them to delete (like a negative review for instance) and they can censor you in any way they see fit. Before using any random free relay out there, make sure you trust its operator and you know its terms of service and privacy policies.

@ a012dc82:6458a70d

The Financial Accounting Standards Board (FASB) has recently introduced a groundbreaking ruling that significantly alters the way Bitcoin and other cryptocurrencies are accounted for in financial statements. This new development is poised to transform the landscape of crypto accounting, bringing in more transparency and alignment with traditional financial practices. Let's delve into the details of this pivotal change.

Table of Contents

• Introduction to the New FASB Ruling

• The Shift to Fair Value Accounting

  • Understanding Fair Value Accounting

  • Impact on Financial Reporting

• Advantages of the New Approach

  • Enhanced Transparency and Accuracy

  • Positive Implications for Companies

• Challenges and Considerations

  • Dealing with Volatility

  • Auditor Expertise

• Industry Response and Future Outlook

  • Embracing the Change

  • Long-Term Implications

• Conclusion

• FAQs

Introduction to the New FASB Ruling

The FASB, the principal body responsible for establishing accounting standards in the United States, announced a new set of rules concerning the accounting of cryptocurrencies like Bitcoin. This announcement marks a significant shift from the previous accounting practices for digital assets. Previously, the lack of clear guidelines led to inconsistencies and uncertainties in how companies reported their crypto holdings. The new ruling aims to standardize these practices and reflects the growing importance of cryptocurrencies in the financial world.

The Shift to Fair Value Accounting

Understanding Fair Value Accounting

Under the new FASB rules, companies are now required to account for cryptocurrencies at their fair value. Fair value accounting involves assessing assets and liabilities based on their current market value, rather than their historical cost. This approach is expected to provide a more accurate and real-time reflection of a company's financial status. It marks a significant departure from the traditional cost-based accounting methods, which often do not reflect the current market realities, especially in the case of highly volatile assets like cryptocurrencies.

Impact on Financial Reporting

This shift to fair value accounting means that companies holding cryptocurrencies will report the value of these assets based on their market prices at the end of each reporting period. This move is a departure from the previous method where Bitcoin was treated as an intangible asset, leading to certain limitations in financial reporting. For instance, under the old rules, if the value of Bitcoin fell below its purchase price, companies had to report a loss, but they couldn't report an increase in value unless the asset was sold. The new approach allows for a more dynamic and responsive reporting system that better reflects the economic realities of holding cryptocurrencies.

Advantages of the New Approach

Enhanced Transparency and Accuracy

One of the primary benefits of this new ruling is the increased transparency and accuracy it brings to financial reporting. Companies can now reflect the actual market value of their crypto holdings, providing a clearer picture of their financial health. This change is particularly significant given the volatile nature of cryptocurrencies. By reporting the fair market value, companies can provide stakeholders with a more accurate depiction of their financial standing, which is crucial for informed decision-making by investors, regulators, and other stakeholders.

Positive Implications for Companies

Companies are likely to welcome this change as it allows them to report unrealized gains and losses on cryptocurrencies. This could encourage more businesses to add cryptocurrencies like Bitcoin to their balance sheets, as they can now recognize the appreciation in value without needing to sell the assets. This change could also lead to a broader acceptance of cryptocurrencies as a legitimate and valuable asset class, potentially spurring further investment and innovation in the crypto space.

Challenges and Considerations

Dealing with Volatility

The inherent volatility of cryptocurrencies like Bitcoin poses a significant challenge in fair value accounting. Companies will need to develop robust methods to accurately assess the market value of these assets, which can fluctuate widely. This volatility requires continuous monitoring and frequent valuation adjustments, which can be resource-intensive and complex. Companies will need to invest in sophisticated valuation models and possibly seek external expertise to ensure accuracy and compliance.

Auditor Expertise

Another challenge lies in the need for auditors to acquire expertise in valuing cryptocurrencies. Assessing the fair market value of digital assets is a complex task that requires specific knowledge and skills. Auditors will need to stay abreast of the rapidly evolving crypto market and develop new methodologies for valuation. This requirement not only adds a layer of complexity to the audit process but also underscores the need for ongoing education and training in this emerging field.

Industry Response and Future Outlook

Embracing the Change

The industry's response to the FASB's ruling has been largely positive. Industry leaders view this as a step towards mainstream acceptance of cryptocurrencies and a move that aligns digital assets with traditional financial reporting standards. This ruling is seen as a validation of the growing role of cryptocurrencies in the financial sector and a sign that regulatory bodies are beginning to recognize and adapt to the unique characteristics of these digital assets.

Long-Term Implications

In the long run, this ruling could lead to greater institutional adoption of cryptocurrencies. As financial reporting becomes more standardized and transparent, it may foster greater trust and confidence among investors and regulators. This could pave the way for more widespread use of cryptocurrencies in various financial transactions and potentially influence the development of new financial products and services centered around digital assets.

Conclusion

The FASB's latest ruling on cryptocurrency accounting is a landmark decision that aligns the treatment of digital assets with traditional financial practices. While it presents certain challenges, particularly in terms of volatility and the need for specialized auditor expertise, the overall impact is expected to be profoundly positive. This change not only enhances transparency and accuracy in financial reporting but also paves the way for broader acceptance and integration of cryptocurrencies in the mainstream financial world. As the industry adapts to these new rules, we can expect to see a more mature and robust crypto market, potentially leading to innovative financial solutions and greater economic opportunities.

FAQs

When will the new FASB rules take effect? The new rules are set to take effect from December 15, 2024, but companies have the option to apply them earlier.

How does fair value accounting affect financial reporting? Fair value accounting allows companies to report the value of cryptocurrencies based on current market prices, providing a more accurate and real-time reflection of a company's financial status.

What are the benefits of the new FASB ruling? The new ruling enhances transparency and accuracy in financial reporting and encourages more businesses to add cryptocurrencies to their balance sheets by allowing them to report unrealized gains and losses.

What challenges does the new ruling present? The main challenges include dealing with the volatility of cryptocurrencies in fair value accounting and the need for auditors to develop expertise in valuing these digital assets.

What is the industry's response to the new ruling? The industry has largely responded positively, viewing it as a step towards mainstream acceptance of cryptocurrencies and alignment with traditional financial reporting standards.

That's all for today

If you want more, be sure to follow us on:

NOSTR: croxroad@getalby.com

X: @croxroadnews.co

Instagram: @croxroadnews.co

Youtube: @croxroadnews

Store: https://croxroad.store

Subscribe to CROX ROAD Bitcoin Only Daily Newsletter

https://www.croxroad.co/subscribe

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ 54609048:8e22ba03

The recent $1.4 billion Extended Fund Facility (EFF) agreement between the International Monetary Fund (IMF) and El Salvador marks a significant turning point in the nation's economic and monetary policy. The IMF’s $1.4 billion “lifeline” is a sly Trojan horse, gutting El Salvador’s sovereignty and kneecapping its 2021 Bitcoin law— which represented a bold step toward monetary freedom and economic self-determination— all to prop up the same economic mess it pretends to fix. Brilliant, right?

The IMF’s Colonialist Agenda: A Historical Precedent

In 2021, El Salvador made history by adopting Bitcoin as legal tender, positioning itself at the forefront of financial innovation and offering its citizens an alternative to the U.S. dollar. This move was a bold step toward monetary independence and as a pathway toward individual financial sovereignty by reducing remittance costs for Salvadorans and bypassing the predatory international banking system. By making Bitcoin legal tender, El Salvador was taking steps to free itself from financial colonialism.

The IMF’s response to El Salvador’s Bitcoin law was predictably hostile from day one. The institution repeatedly warned of the “risks” associated with Bitcoin, framing it as a threat to financial stability rather than a tool for economic empowerment. Hypocrisy drips from every word—the IMF’s own debt traps and inflationary schemes have fueled the chaos it now “rescues” El Salvador from. The Bretton Woods institution has long been the enforcer of the global financial elite, ensuring that nations remain shackled to the U.S. dollar-dominated system. Through predatory loans and stringent conditions, the IMF perpetuates economic subjugation. Now, facing pressure from these same institutions, El Salvador finds itself caught in the classic IMF trap: accepting loans with strings attached that further cement dependency.

This aid package isn't a solution to El Salvador's problems; it's leverage to force compliance with the global banking cartel's agenda. Under the IMF agreement, El Salvador has been compelled to amend its Bitcoin law, revoking Bitcoin's status as legal tender and making its acceptance by businesses voluntary. Additionally, tax obligations must now be settled exclusively in U.S. dollars. This gut-wrenching retreat from its bold Bitcoin rebellion represents a diabolical masterpiece of oppression—stripping citizens of financial freedom and forcing them to forever bow before the fiat gods.

**Why the IMF Must Destroy Bitcoin’s Medium of Exchange Use Case ** To understand why the IMF is so determined to undermine Bitcoin’s role as a medium of exchange in El Salvador, it’s important to revisit the fundamental nature of money. The widely cited “three functions” of money—medium of exchange, store of value, and unit of account—are often misunderstood. These are not rigid definitions, but empirical observations of how money functions in practice.

Money is, first and foremost, the generally accepted medium of exchange. The other functions tend to follow, but they are not exclusive to money. For example, gold can serve as a store of value but is no longer a commonly accepted medium of exchange, and other commodities can also act as units of account, but neither is money unless it is widely accepted as a medium of exchange. Bitcoin’s rise as a store of value (akin to “digital gold”) is not as threatening to the fiat system as its potential to function as a widely accepted medium of exchange. A strong store of value can exist within a system that is still dominated by fiat currencies.

If Bitcoin were to become a dominant medium of exchange, it would directly challenge the monopoly of central banks and the control that institutions like the IMF exert over global financial systems. That is why the IMF’s primary goal in El Salvador is not necessarily to stop Bitcoin’s adoption altogether but rather to strip Bitcoin of its medium of exchange function, thus effectively relegating Bitcoin to a speculative asset or store of value.

Furthermore, this Bitcoin experiment was the first real-world test of Bitcoin as a medium of exchange at the nation-state level. If it had succeeded, other countries—especially those in the Global South struggling with inflation, currency devaluation, and IMF-imposed austerity—might have followed suit. The IMF couldn't afford to let that happen. By neutralizing Bitcoin's role as money, it ensures that alternative financial systems do not gain traction outside the fiat-based global order. In other words, as long as Bitcoin can't be used freely as a medium of exchange, it cannot fulfill its role as money, and the fiat gods' grip on the global monetary system remains unchallenged—at least for now.

The $1.4 Billion Faustian Bargain

El Salvador’s decision to seek IMF funding is a reflection of the immense pressure it faces from global financial markets and institutions. The country’s high debt levels and weak external buffers are, in large part, a consequence of its integration into a global financial system that prioritizes short-term capital flows over long-term economic stability. By accepting the IMF’s terms, El Salvador has effectively traded its sovereignty for temporary financial relief.

What is even more surprising is that El Salvador had an alternative to this Faustian bargain: the issuance of Bitcoin bonds. While initially proposed as a way to finance Bitcoin City and geothermal Bitcoin mining infrastructure, the volcano bonds the country could have raised the $1.4 billion needed without sacrificing its monetary sovereignty. This represents a missed opportunity for El Salvador to bolster its financial independence, attract global capital, and solidify its position as a pioneer in the adoption of decentralized money.

Instead of falling back into the IMF’s debt trap—complete with austerity measures, restrictions on Bitcoin use, and financial surveillance—El Salvador could have embraced a Bitcoin-native financial strategy that aligned with its long-term vision of economic independence. So why didn't El Salvador go through with the Bitcoin bond issuance? I don't know, but if I were to speculate, I would say the answer likely lies in political and institutional inertia, coupled with external pressures from the IMF and its allied institutions, or worse. If El Salvador had raised capital through Bitcoin bonds, it would have sent shockwaves through the financial world, proving that a nation-state could operate independently of the IMF.

The Long-Term Consequences for El Salvador

While the IMF’s program may provide short-term relief, its long-term consequences are likely to be detrimental to the Salvadoran people. The emphasis on fiscal consolidation and debt reduction will inevitably lead to cuts in public spending, particularly in areas such as social services and infrastructure. These measures will disproportionately affect the most vulnerable segments of society, exacerbating inequality and undermining the country’s social fabric.

Moreover, the IMF’s focus on “strengthening governance and transparency” is a thinly veiled attempt to impose external control over El Salvador’s domestic policies. The requirement to enhance Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) frameworks, while ostensibly aimed at combating illicit activities, will likely be used to surveil and restrict the financial activities of ordinary citizens. This represents a gross violation of individual rights and a further erosion of economic freedom.

Conclusion

The IMF's $1.4 billion arrangement with El Salvador represents not economic salvation but a calculated reassertion of control. By forcing El Salvador to retreat from its Bitcoin initiative, the IMF is protecting the very system that has kept developing nations financially subjugated for decades. For Salvadorans, this means their bold experiment in monetary sovereignty has been curtailed, not by market forces or technological limitations, but by the deliberate intervention of the guardians of the old financial order.

Those who believe in true financial freedom must recognize this for what it is: not assistance, but suppression; not aid, but control. The battle for monetary sovereignty continues, and despite this setback, Bitcoin's promise of financial liberation remains as vital as ever—not just for El Salvador, but for all those seeking escape from the oppressive machinery of central banking

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/891531

@ c43d6de3:a6583169

Every Sunday, my brother Alex and I would catch the scent of pie creeping from the oven as we chased Ronnie and Ellis around my grandma’s house.

We were good at keeping traditions. Though we eventually outgrew the days of stampeding through Grandma’s living room, her house remained our gathering place. The four of us—Alex, Ronnie, Ellis, and I—would settle on the back porch, the aroma of freshly baked pie still wafting through the air. We’d trade stories about our first crushes, our first kisses, and our dreams for the future, laughing in the warmth of a home that felt eternal.

Alex was the first to leave for college. He never really came back. Four years away, then a big-time job across the country.

Ronnie and Ellis—the twins—left a few years later. They never truly returned, either. Not the same, at least.

A cruel trick of biology had been lurking in the depths of their genes, lying in wait for the right moment to surface. In college, Ronnie was consumed by schizophrenia, while Ellis battled years of depression. They came back home, but they weren’t the same boys I had grown up with. The ones I had once sprinted through hallways with, laughing until our sides hurt, were lost to something none of us could chase down or outrun.

By the time I graduated, the scent of pie had vanished forever. My grandmother’s grave was my last stop before I, too, left town.

I never went back.

People leave in different ways. Some move to another city or another country. Some lose themselves to illness, slipping through our fingers even as they sit beside us. Some find their final resting place. All dearly departed.

What makes their departure so bittersweet is the time we once had with them—the memories we carry, the laughter that still echoes in the corners of our hearts.

That’s life. That’s what makes it worth it.

@ fad5c183:5cb8046b

Bitcoin has been promoted as the ultimate solution to fiat money problems. Its supporters see it as the "salvation of humanity," but a more critical look reveals a less hopeful reality. Throughout this analysis, we will break down its fundamental issues, from its disproportionate energy consumption to its exclusionary system that favors only a few.

1. Bitcoin and Its Irrational Energy Consumption

Bitcoin uses a system called Proof of Work (PoW), in which miners solve extremely complex mathematical problems to validate transactions. This process:

Consumes more energy than entire countries, such as Argentina or the Netherlands.

Generates no tangible value outside the Bitcoin ecosystem.

Has a significant environmental impact, as many mining farms rely on fossil fuels.

If Bitcoin's goal is to replace fiat money, is it sustainable for each transaction to consume so much energy?

2. Creation Limit: Is Bitcoin Really for Everyone?

Bitcoin has a fixed limit of 21 million coins, which creates two problems:

Early adopters hold most of the supply. Today, a small percentage of addresses control most of the Bitcoin supply.

It becomes increasingly difficult to acquire. Latecomers can only buy at inflated prices.

Given that the world's population is 8 billion people, if Bitcoin were distributed equally, each person would have only 0.0026 BTC on average. But in reality:

Millions of Bitcoin are permanently lost.

Wealth concentration follows the same pattern as traditional currencies.

3. Bitcoin Is Not Practical as a Currency

Although Lightning Network and Nostr have made transactions faster and cheaper, Bitcoin’s structural problems remain:

Highly volatile. How can you trust a currency that can gain or lose 50% of its value in weeks?

Low real-world adoption. Even in El Salvador, where Bitcoin is legal tender, most people still prefer the US dollar.

Service centralization. Despite being marketed as decentralized, many users rely on platforms like Binance or Coinbase.

4. Blockchain: Revolution or Overhyped Technology?

Blockchain is often touted as a game-changer, but in practice:

Traditional databases are more efficient and faster.

Decentralization is partially a myth. Large holders and mining pools control the network.

Few real-world use cases outside of cryptocurrency. Many companies that tested blockchain have returned to conventional systems because they are cheaper and more functional.

5. The End of the Cycle: What Happens When All Bitcoin Are Mined?

When the last Bitcoin is mined in 2140, miners will only earn from transaction fees. This raises two scenarios:

If fees are low, miners may abandon the network due to lack of incentives.

If fees are high, Bitcoin will become too expensive for most users.

Conclusion: Is Bitcoin Salvation or the New Digital Oligarchy?

Bitcoin does not democratize wealth; it simply redistributes it to a new digital elite. Although its advocates present it as an alternative to fiat money, its exclusionary structure and dependence on large players make it replicate the same inequalities as the traditional financial system.

If we truly seek a fair financial solution, is Bitcoin the right path or just another way to concentrate power in the hands of a few?

@ 4857600b:30b502f4

In a revealing development that exposes the hypocrisy of government surveillance, multiple federal agencies including the CIA and FBI have filed lawsuits to keep Samourai Wallet's client list sealed during and after trial proceedings. This move strongly suggests that government agencies themselves were utilizing Samourai's privacy-focused services while simultaneously condemning similar privacy tools when used by ordinary citizens.

The situation bears striking parallels to other cases where government agencies have hidden behind "national security" claims, such as the Jeffrey Epstein case, highlighting a troubling double standard: while average citizens are expected to surrender their financial privacy through extensive reporting requirements and regulations, government agencies claim exemption from these same transparency standards they enforce on others.

This case exemplifies the fundamental conflict between individual liberty and state power, where government agencies appear to be using the very privacy tools they prosecute others for using. The irony is particularly stark given that money laundering for intelligence agencies is considered legal in our system, while private citizens seeking financial privacy face severe legal consequences - a clear demonstration of how the state creates different rules for itself versus the people it claims to serve.

Citations: [1] https://www.bugle.news/cia-fbi-dnc-rnc-all-sue-to-redact-samourais-client-list-from-trial/

@ a012dc82:6458a70d

The cryptocurrency world is on the verge of a groundbreaking transformation with the anticipated introduction of Bitcoin Exchange-Traded Funds (ETFs). This significant development is set to redefine the realm of crypto-investment, merging the innovative world of digital currencies with the established domain of traditional finance. Bitcoin ETFs represent a monumental shift, not just as a novel investment option, but as a revolutionary bridge connecting the cutting-edge technology of cryptocurrencies with the more familiar territory of stock market investments. This fusion is poised to unlock a new level of accessibility, drawing mainstream investors into the Bitcoin sphere, who were previously hesitant due to the complexities and perceived risks associated with direct cryptocurrency dealings.

Table of Contents

• The Emergence of Bitcoin ETFs

  • Unveiling Opportunities

  • Confronting the Dangers

• The Road Ahead

• Expanding the Horizon

  • Enhanced Market Dynamics

  • Technological Advancements

  • Educational Initiatives

  • Global Impact

• Conclusion

• FAQs

The Emergence of Bitcoin ETFs

Bitcoin ETFs are poised to revolutionize the cryptocurrency market. They offer a streamlined avenue for investment in Bitcoin, bypassing the intricacies of direct ownership such as wallet management and key security. This simplicity could democratize Bitcoin investment, potentially enhancing its liquidity and stability.

Unveiling Opportunities

• Broader Investor Appeal: Bitcoin ETFs simplify cryptocurrency investment, making it more approachable for the average investor and traditional financial players. This could lead to wider adoption and recognition of Bitcoin as a viable asset class.

• Influx of Institutional Capital: ETFs could catalyze a surge of institutional funds into the Bitcoin market. Institutions, previously hesitant due to regulatory and security concerns, might view ETFs as a safer investment avenue.

• Market Evolution: The advent of Bitcoin ETFs signals a maturation of the cryptocurrency market, transitioning towards regulated, mainstream financial products. This evolution could bolster investor confidence and market stability.

Confronting the Dangers

The introduction of Bitcoin ETFs is not devoid of risks and challenges.

• Amplified Volatility: Bitcoin's notorious volatility could be intensified by the influx of new investors via ETFs, particularly if large capital movements occur swiftly.

• Regulatory Hurdles: The evolving regulatory framework for cryptocurrencies could become more complex with Bitcoin ETFs, inviting stricter regulations that may impact the market dynamics.

• Systemic Implications: Integrating Bitcoin into the traditional financial system through ETFs could introduce new systemic risks. A significant downturn in Bitcoin's value might have broader implications for investors and funds linked to these ETFs.

The Road Ahead

As the Bitcoin ETF era dawns, investors should exercise caution. The potential of Bitcoin ETFs is substantial, but the accompanying risks warrant serious consideration. Investors should engage in comprehensive research and assess their risk appetite before engaging with these new investment vehicles.

Expanding the Horizon

Enhanced Market Dynamics

The introduction of Bitcoin ETFs could lead to more dynamic market behaviors. As traditional and crypto markets become more intertwined, the impact of global economic events on Bitcoin's price could become more pronounced, leading to new investment strategies and market analysis techniques.

Technological Advancements

The growth of Bitcoin ETFs might spur technological advancements in trading platforms and financial tools. Enhanced security measures, improved trading algorithms, and more sophisticated risk management tools could emerge, catering to the unique needs of cryptocurrency ETFs.

Educational Initiatives

With the growing interest in Bitcoin ETFs, there's likely to be an increase in educational resources and initiatives aimed at helping investors understand the nuances of cryptocurrency investments. This could lead to a more informed investor base, capable of making better investment decisions in the volatile world of cryptocurrencies.

Global Impact

The success of Bitcoin ETFs in one region, such as the United States, could encourage other countries to follow suit, leading to a more globalized cryptocurrency market. This could have significant implications for international financial regulations and cooperation.

Conclusion

The potential introduction of Bitcoin ETFs marks a significant milestone in the journey of cryptocurrency investment. While it heralds new opportunities and greater accessibility, it also brings forth challenges and risks that need to be navigated with care. The future of Bitcoin ETFs will hinge on the balance between these opportunities and dangers, and the market's ability to adapt to this new phase of crypto-investment. As we stand at the threshold of this exciting era, the global financial community watches with bated breath, ready to witness the unfolding story of Bitcoin ETFs.

FAQs

How does a Bitcoin ETF differ from direct Bitcoin investment? Investing in a Bitcoin ETF means you're investing in a fund that holds Bitcoin as its primary asset, as opposed to buying Bitcoin directly and managing your own digital wallet and security. ETFs are also subject to different regulatory and tax treatments.

What are the benefits of Bitcoin ETFs? Bitcoin ETFs offer easier access to Bitcoin investment, potentially lower risks compared to direct ownership, and the convenience of trading through traditional investment platforms.

What risks are associated with Bitcoin ETFs? Risks include the inherent volatility of Bitcoin, potential regulatory changes, and systemic risks if the cryptocurrency market impacts the broader financial system.

Are Bitcoin ETFs available globally? The availability of Bitcoin ETFs varies by country, depending on the regulatory environment. Some countries may not yet have approved Bitcoin ETFs for trading.

Can Bitcoin ETFs impact the price of Bitcoin? Yes, Bitcoin ETFs can impact Bitcoin's price as they can increase market liquidity and bring in more institutional investors, potentially leading to price changes.

That's all for today

If you want more, be sure to follow us on:

NOSTR: croxroad@getalby.com

X: @croxroadnews.co

Instagram: @croxroadnews.co

Youtube: @croxroadnews

Store: https://croxroad.store

Subscribe to CROX ROAD Bitcoin Only Daily Newsletter

https://www.croxroad.co/subscribe

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/890318

@ 6e0ea5d6:0327f353

"Malcolm Forbes recounts that a lady, wearing a faded cotton dress, and her husband, dressed in an old handmade suit, stepped off a train in Boston, USA, and timidly made their way to the office of the president of Harvard University. They had come from Palo Alto, California, and had not scheduled an appointment. The secretary, at a glance, thought that those two, looking like country bumpkins, had no business at Harvard.
— We want to speak with the president — the man said in a low voice.
— He will be busy all day — the secretary replied curtly.
— We will wait.
The secretary ignored them for hours, hoping the couple would finally give up and leave. But they stayed there, and the secretary, somewhat frustrated, decided to bother the president, although she hated doing that.
— If you speak with them for just a few minutes, maybe they will decide to go away — she said.
The president sighed in irritation but agreed. Someone of his importance did not have time to meet people like that, but he hated faded dresses and tattered suits in his office. With a stern face, he went to the couple.
— We had a son who studied at Harvard for a year — the woman said. — He loved Harvard and was very happy here, but a year ago he died in an accident, and we would like to erect a monument in his honor somewhere on campus.

— My lady — said the president rudely —, we cannot erect a statue for every person who studied at Harvard and died; if we did, this place would look like a cemetery.

— Oh, no — the lady quickly replied. — We do not want to erect a statue. We would like to donate a building to Harvard.

The president looked at the woman's faded dress and her husband's old suit and exclaimed:

— A building! Do you have even the faintest idea of how much a building costs? We have more than seven and a half million dollars' worth of buildings here at Harvard.

The lady was silent for a moment, then said to her husband:

— If that’s all it costs to found a university, why don’t we have our own?

The husband agreed.

The couple, Leland Stanford, stood up and left, leaving the president confused. Traveling back to Palo Alto, California, they established there Stanford University, the second-largest in the world, in honor of their son, a former Harvard student."

Text extracted from: "Mileumlivros - Stories that Teach Values."

Thank you for reading, my friend! If this message helped you in any way, consider leaving your glass “🥃” as a token of appreciation.

A toast to our family!

@ d360efec:14907b5f

ภาพรวมการวิเคราะห์ Bitcoin (BTC)

จากการตรวจสอบกราฟและอินดิเคเตอร์ใน Timeframe 15 นาที, 4 ชั่วโมง, และรายวัน (Day) พบว่า Bitcoin มีความผันผวนและมีแนวโน้มการเปลี่ยนแปลงที่น่าสนใจในแต่ละ Timeframe ดังรายละเอียดต่อไปนี้ค่ะ

อินดิเคเตอร์ที่ใช้ในการวิเคราะห์

• EMA (Exponential Moving Average):
  • EMA 50 (สีเหลือง): แสดงแนวโน้มระยะสั้นของราคา
  • EMA 200 (สีขาว): แสดงแนวโน้มระยะยาวของราคา
• SMC (Smart Money Concepts): แนวคิดการเทรดที่เน้นการวิเคราะห์พฤติกรรมของ "Smart Money" หรือผู้เล่นรายใหญ่ในตลาด
• ICT (Inner Circle Trader) Buyside & Sellside Liquidity: อินดิเคเตอร์ที่ระบุตำแหน่งสภาพคล่องฝั่งซื้อและฝั่งขาย ซึ่งเป็นเป้าหมายราคาที่น่าสนใจ
• Money Flow: อินดิเคเตอร์ที่แสดงทิศทางการไหลเข้าออกของเงินทุนในสินทรัพย์
• Trend Strength (🌟Introducing the Trend and Strength Signals indicator by AlgoAlpha!): อินดิเคเตอร์ที่ช่วยระบุแนวโน้มและความแข็งแกร่งของตลาด มีลักษณะเป็นเมฆและสัญญาณซื้อขาย

วิเคราะห์แนวโน้มและกลยุทธ์การเทรด

1. Timeframe 15 นาที (TF 15m)

• แนวโน้ม: ใน TF 15 นาที ราคา BTC มีความผันผวนในกรอบแคบ EMA 50 ตัดกับ EMA 200 บ่งบอกถึงความไม่แน่นอนของแนวโน้มในระยะสั้น
• สัญญาณอินดิเคเตอร์:
  • Trend Strength: เกิดสัญญาณซื้อขาย (Buy/Sell Signal) แต่เมฆ (Cloud) ยังไม่ชัดเจน บ่งบอกถึงความแข็งแกร่งของแนวโน้มยังไม่เด่นชัด
  • Money Flow: มีการสลับการไหลเข้าออกของเงินทุน สะท้อนถึงความไม่แน่นอนในระยะสั้น
  • Buyside & Sellside Liquidity: อินดิเคเตอร์นี้จะช่วยระบุแนวรับแนวต้านใน TF สั้นๆ เพื่อใช้ในการพิจารณาจุดเข้าออก
• Chart Pattern: พิจารณารูปแบบ Chart Pattern ใน TF 15 นาที เช่น รูปแบบสามเหลี่ยม (Triangle) หรือรูปแบบธง (Flag) เพื่อหารูปแบบราคาที่อาจเกิดขึ้น
• กลยุทธ์ Day Trade (การเทรดรายวัน):
  • กลยุทธ์: เน้นการเทรดในกรอบ Sideway โดยใช้แนวรับแนวต้านที่ระบุจาก Buyside & Sellside Liquidity และสัญญาณจาก Trend Strength ประกอบการตัดสินใจ
  • SMC Setup: มองหา SMC Setup ใน TF 15 นาที เช่น Order Block หรือ Fair Value Gap บริเวณแนวรับแนวต้าน เพื่อหาจังหวะเข้าเทรดตามแนวโน้มระยะสั้น
  • สิ่งที่ต้องระวัง: ความผันผวนสูงใน TF 15 นาที อาจทำให้เกิดสัญญาณหลอก ควรใช้ Stop Loss ที่เหมาะสม และบริหารความเสี่ยงอย่างเคร่งครัด

2. Timeframe 4 ชั่วโมง (TF 4H)

• แนวโน้ม: ใน TF 4 ชั่วโมง ราคา BTC มีแนวโน้มเป็นขาขึ้น EMA 50 อยู่เหนือ EMA 200 บ่งบอกถึงแนวโน้มขาขึ้นในระยะกลาง
• สัญญาณอินดิเคเตอร์:
  • Trend Strength: เกิดเมฆสีเขียว (Green Cloud) และสัญญาณซื้อ (Buy Signal) บ่งบอกถึงแนวโน้มขาขึ้นที่แข็งแกร่ง
  • Money Flow: เงินทุนไหลเข้าต่อเนื่อง สนับสนุนแนวโน้มขาขึ้น
  • Buyside & Sellside Liquidity: อินดิเคเตอร์นี้จะช่วยระบุแนวรับแนวต้านที่สำคัญใน TF 4 ชั่วโมง เพื่อใช้ในการวางแผนการเทรดระยะกลาง
• Chart Pattern: พิจารณารูปแบบ Chart Pattern ใน TF 4 ชั่วโมง เช่น รูปแบบ Cup and Handle หรือรูปแบบ Ascending Triangle เพื่อยืนยันแนวโน้มขาขึ้น
• กลยุทธ์ Day Trade (การเทรดรายวัน) / Swing Trade (การเทรดระยะกลาง):
  • กลยุทธ์: เน้นการเทรดตามแนวโน้มขาขึ้น โดยใช้ EMA 50 และแนวรับแนวต้านจาก Buyside & Sellside Liquidity เป็นจุดอ้างอิงในการเข้าเทรด
  • SMC Setup: มองหา SMC Setup ใน TF 4 ชั่วโมง เช่น Break of Structure (BOS) หรือ Change of Character (CHOCH) เพื่อหาจังหวะเข้าเทรดตามแนวโน้มขาขึ้น
  • สิ่งที่ต้องระวัง: การพักตัวของราคาในแนวโน้มขาขึ้น อาจทำให้เกิดการย่อตัวระยะสั้น ควรพิจารณาแนวรับที่แข็งแกร่ง และตั้ง Stop Loss เพื่อป้องกันความเสี่ยง

3. Timeframe รายวัน (TF Day)

• แนวโน้ม: ใน TF รายวัน ราคา BTC ยังคงอยู่ในแนวโน้มขาขึ้นระยะยาว EMA 50 อยู่เหนือ EMA 200 อย่างชัดเจน
• สัญญาณอินดิเคเตอร์:
  • Trend Strength: เกิดเมฆสีเขียวขนาดใหญ่ (Large Green Cloud) และสัญญาณซื้อต่อเนื่อง (Continuous Buy Signal) บ่งบอกถึงแนวโน้มขาขึ้นระยะยาวที่แข็งแกร่งมาก
  • Money Flow: เงินทุนไหลเข้าอย่างต่อเนื่องและแข็งแกร่ง สนับสนุนแนวโน้มขาขึ้นระยะยาว
  • Buyside & Sellside Liquidity: อินดิเคเตอร์นี้จะช่วยระบุแนวรับแนวต้านที่สำคัญใน TF รายวัน เพื่อใช้ในการวางแผนการลงทุนระยะยาว
• Chart Pattern: พิจารณารูปแบบ Chart Pattern ใน TF รายวัน เช่น รูปแบบ Bullish Flag หรือรูปแบบ Wedge เพื่อยืนยันแนวโน้มขาขึ้นระยะยาว
• กลยุทธ์ Day Trade (การเทรดรายวัน) / Swing Trade (การเทรดระยะกลาง) / Long-Term Investment (การลงทุนระยะยาว):
  • กลยุทธ์: เน้นการลงทุนระยะยาวตามแนวโน้มขาขึ้น โดยพิจารณาจังหวะเข้าซื้อเมื่อราคาย่อตัวลงมาบริเวณแนวรับสำคัญใน TF รายวัน
  • SMC Setup: มองหา SMC Setup ใน TF รายวัน เช่น Institutional Order Flow เพื่อยืนยันแนวโน้มขาขึ้นระยะยาว
  • สิ่งที่ต้องระวัง: ความเสี่ยงจากปัจจัยภายนอกที่อาจกระทบตลาด Cryptocurrency ในระยะยาว ควรติดตามข่าวสารและสถานการณ์ตลาดอย่างใกล้ชิด และกระจายความเสี่ยงในการลงทุน

สรุป

จากการวิเคราะห์ BTC ใน 3 Timeframe ด้วยอินดิเคเตอร์และ Chart Pattern พบว่า BTC ยังคงมีแนวโน้มขาขึ้นในระยะกลางและระยะยาว อย่างไรก็ตาม ในระยะสั้น TF 15 นาที ยังมีความผันผวนและไม่แน่นอน กลยุทธ์การเทรดที่เหมาะสมจะแตกต่างกันไปตาม Timeframe และเป้าหมายการเทรดของแต่ละบุคคล ควรพิจารณาความเสี่ยงและบริหารจัดการเงินทุนอย่างเหมาะสม

คำแนะนำเพิ่มเติม

• ศึกษาเพิ่มเติม: ควรศึกษาเพิ่มเติมเกี่ยวกับ SMC, ICT, และ Trend Strength Indicator เพื่อให้เข้าใจหลักการทำงานและนำไปประยุกต์ใช้ในการเทรดได้อย่างมีประสิทธิภาพ
• ทดลองบนบัญชี Demo: ทดลองกลยุทธ์ต่างๆ บนบัญชี Demo ก่อนนำไปใช้จริง เพื่อทดสอบความเข้าใจและปรับปรุงกลยุทธ์ให้เหมาะสมกับตนเอง
• ติดตามข่าวสาร: ติดตามข่าวสารและสถานการณ์ตลาด Cryptocurrency อย่างสม่ำเสมอ เพื่อประกอบการตัดสินใจในการเทรดและการลงทุน

Disclaimer (ข้อจำกัดความรับผิดชอบ):

การวิเคราะห์นี้มีวัตถุประสงค์เพื่อให้ข้อมูลเท่านั้น และเป็นความคิดเห็นส่วนบุคคล ไม่ใช่คำแนะนำทางการเงิน การลงทุนใน Cryptocurrency มีความเสี่ยงสูง นักลงทุนควรศึกษาข้อมูลด้วยตนเองและใช้ความระมัดระวังก่อนตัดสินใจลงทุน

@ 4857600b:30b502f4

Mitch McConnell, a senior Republican senator, announced he will not seek reelection.

At 83 years old and with health issues, this decision was expected. After seven terms, he leaves a significant legacy in U.S. politics, known for his strategic maneuvering.

McConnell stated, “My current term in the Senate will be my last.” His retirement marks the end of an influential political era.

@ 94a6a78a:0ddf320e

Nostr is a revolutionary protocol that enables decentralized, censorship-resistant communication. Unlike traditional social networks controlled by corporations, Nostr operates without central servers or gatekeepers. This openness makes it incredibly powerful—but also means its success depends entirely on users, developers, and relay operators.

If you believe in free speech, decentralization, and an open internet, there are many ways to support and strengthen the Nostr ecosystem. Whether you're a casual user, a developer, or someone looking to contribute financially, every effort helps build a more robust network.

Here’s how you can get involved and make a difference.

---

1️⃣ Use Nostr Daily

The simplest and most effective way to contribute to Nostr is by using it regularly. The more active users, the stronger and more valuable the network becomes.

✅ Post, comment, and zap (send micro-payments via Bitcoin’s Lightning Network) to keep conversations flowing.\ ✅ Engage with new users and help them understand how Nostr works.\ ✅ Try different Nostr clients like Damus, Amethyst, Snort, or Primal and provide feedback to improve the experience.

Your activity keeps the network alive and helps encourage more developers and relay operators to invest in the ecosystem.

---

2️⃣ Run Your Own Nostr Relay

Relays are the backbone of Nostr, responsible for distributing messages across the network. The more independent relays exist, the stronger and more censorship-resistant Nostr becomes.

✅ Set up your own relay to help decentralize the network further.\ ✅ Experiment with relay configurations and different performance optimizations.\ ✅ Offer public or private relay services to users looking for high-quality infrastructure.

If you're not technical, you can still support relay operators by subscribing to a paid relay or donating to open-source relay projects.

---

3️⃣ Support Paid Relays & Infrastructure

Free relays have helped Nostr grow, but they struggle with spam, slow speeds, and sustainability issues. Paid relays help fund better infrastructure, faster message delivery, and a more reliable experience.

✅ Subscribe to a paid relay to help keep it running.\ ✅ Use premium services like media hosting (e.g., Azzamo Blossom) to decentralize content storage.\ ✅ Donate to relay operators who invest in long-term infrastructure.

By funding Nostr’s decentralized backbone, you help ensure its longevity and reliability.

---

4️⃣ Zap Developers, Creators & Builders

Many people contribute to Nostr without direct financial compensation—developers who build clients, relay operators, educators, and content creators. You can support them with zaps! ⚡

✅ Find developers working on Nostr projects and send them a zap.\ ✅ Support content creators and educators who spread awareness about Nostr.\ ✅ Encourage builders by donating to open-source projects.

Micro-payments via the Lightning Network make it easy to directly support the people who make Nostr better.

---

5️⃣ Develop New Nostr Apps & Tools

If you're a developer, you can build on Nostr’s open protocol to create new apps, bots, or tools. Nostr is permissionless, meaning anyone can develop for it.

✅ Create new Nostr clients with unique features and user experiences.\ ✅ Build bots or automation tools that improve engagement and usability.\ ✅ Experiment with decentralized identity, authentication, and encryption to make Nostr even stronger.

With no corporate gatekeepers, your projects can help shape the future of decentralized social media.

---

6️⃣ Promote & Educate Others About Nostr

Adoption grows when more people understand and use Nostr. You can help by spreading awareness and creating educational content.

✅ Write blogs, guides, and tutorials explaining how to use Nostr.\ ✅ Make videos or social media posts introducing new users to the protocol.\ ✅ Host discussions, Twitter Spaces, or workshops to onboard more people.

The more people understand and trust Nostr, the stronger the ecosystem becomes.

---

7️⃣ Support Open-Source Nostr Projects

Many Nostr tools and clients are built by volunteers, and open-source projects thrive on community support.

✅ Contribute code to existing Nostr projects on GitHub.\ ✅ Report bugs and suggest features to improve Nostr clients.\ ✅ Donate to developers who keep Nostr free and open for everyone.

If you're not a developer, you can still help with testing, translations, and documentation to make projects more accessible.

---

🚀 Every Contribution Strengthens Nostr

Whether you:

✔️ Post and engage daily\ ✔️ Zap creators and developers\ ✔️ Run or support relays\ ✔️ Build new apps and tools\ ✔️ Educate and onboard new users

Every action helps make Nostr more resilient, decentralized, and unstoppable.

Nostr isn’t just another social network—it’s a movement toward a free and open internet. If you believe in digital freedom, privacy, and decentralization, now is the time to get involved.

@ d360efec:14907b5f

$OKX:BTCUSDT.P

From checking the charts and indicators in 15-minute, 4-hour, and daily timeframes, it is found that Bitcoin is volatile and has interesting trend changes in each timeframe, as detailed below:

Trend Analysis and Trading Strategies

1. 15-Minute Timeframe (TF 15m)

• Trend: In the 15-minute TF, the BTC price is fluctuating in a narrow range. EMA 50 crossing with EMA 200 indicates short-term trend uncertainty.
• Indicator Signals:
  • Trend Strength: Buy/Sell signals occur, but the cloud is not yet clear, indicating that the trend strength is not yet prominent.
  • Money Flow: There is an alternating inflow and outflow of funds, reflecting short-term uncertainty.
  • Buyside & Sellside Liquidity: This indicator helps identify support and resistance levels in short TFs to consider entry and exit points.
• Chart Pattern: Consider Chart Patterns in the 15-minute TF, such as Triangle or Flag patterns, to find possible price patterns.
• Day Trade Strategy:
  • Strategy: Focus on trading in a Sideway range, using support and resistance levels identified by Buyside & Sellside Liquidity and signals from Trend Strength to make decisions.
  • SMC Setup: Look for SMC Setups in the 15-minute TF, such as Order Blocks or Fair Value Gaps around support and resistance areas, to find short-term trend trading opportunities.
  • Things to watch out for: High volatility in the 15-minute TF may cause false signals. Appropriate Stop Loss should be used and risk should be managed strictly.

2. 4-Hour Timeframe (TF 4H)

• Trend: In the 4-hour TF, the BTC price is trending upwards. EMA 50 is above EMA 200, indicating a medium-term uptrend.
• Indicator Signals:
  • Trend Strength: A Green Cloud and Buy Signal occur, indicating a strong uptrend.
  • Money Flow: Funds continue to flow in, supporting the uptrend.
  • Buyside & Sellside Liquidity: This indicator helps identify important support and resistance levels in the 4-hour TF for medium-term trading planning.
• Chart Pattern: Consider Chart Patterns in the 4-hour TF, such as Cup and Handle or Ascending Triangle patterns, to confirm the uptrend.
• Day Trade / Swing Trade Strategy:
  • Strategy: Focus on trading along the uptrend, using EMA 50 and support and resistance levels from Buyside & Sellside Liquidity as reference points for entering trades.
  • SMC Setup: Look for SMC Setups in the 4-hour TF, such as Break of Structure (BOS) or Change of Character (CHOCH), to find trading opportunities along the uptrend.
  • Things to watch out for: Price consolidation in an uptrend may cause short-term pullbacks. Strong support levels should be considered, and Stop Loss should be set to prevent risk.

3. Daily Timeframe (TF Day)

• Trend: In the Daily TF, the BTC price is still in a long-term uptrend. EMA 50 is clearly above EMA 200.
• Indicator Signals:
  • Trend Strength: A Large Green Cloud and Continuous Buy Signal occur, indicating a very strong long-term uptrend.
  • Money Flow: Funds are flowing in continuously and strongly, supporting the long-term uptrend.
  • Buyside & Sellside Liquidity: This indicator helps identify important support and resistance levels in the Daily TF for long-term investment planning.
• Chart Pattern: Consider Chart Patterns in the Daily TF, such as Bullish Flag or Wedge patterns, to confirm the long-term uptrend.
• Day Trade / Swing Trade / Long-Term Investment Strategy:
  • Strategy: Focus on long-term investment along the uptrend, considering buying opportunities when the price pulls back to important support levels in the Daily TF.
  • SMC Setup: Look for SMC Setups in the Daily TF, such as Institutional Order Flow, to confirm the long-term uptrend.
  • Things to watch out for: Risks from external factors that may affect the cryptocurrency market in the long term. Market news and situations should be closely monitored, and investment risk should be diversified.

Summary

From analyzing BTC in 3 Timeframes with indicators and Chart Patterns, it is found that BTC still has an uptrend in the medium and long term. However, in the short term, the 15-minute TF is still volatile and uncertain. Appropriate trading strategies will vary depending on the timeframe and individual trading goals. Risk should be considered and capital should be managed appropriately.

Additional Recommendations

• Further Study: Further study on SMC, ICT, and Trend Strength Indicator should be done to understand the working principles and apply them effectively in trading.
• Experiment on Demo Account: Experiment with various strategies on a Demo account before using them in real trading to test understanding and improve strategies to suit oneself.
• Follow News: Follow cryptocurrency market news and situations regularly to inform trading and investment decisions.

Disclaimer:

This analysis is for informational purposes only and represents a personal opinion. It is not financial advice. Investing in cryptocurrencies involves significant risk. Investors should conduct their own research and exercise due diligence before making any investment decisions.

@ d360efec:14907b5f

$OKX:BTCUSDT.P Overview:

Based on the overall picture across the 3 timeframes (15m, 4H, Day), Bitcoin is in a bullish trend but is experiencing a short-term consolidation.

Analysis of each Timeframe:

• TF 15m:

  • SMC: The price is in a sideways consolidation phase after breaking out of a triangle pattern. There's potential to test the Buyside Liquidity around $64,000.
  • ICT: The price is testing the EMA 50 (yellow) support. If it holds above this support, there's a chance for further upward movement.
  • Buyside & Sellside Liquidity:
    • Buyside Liquidity: $64,000
    • Sellside Liquidity: $60,000 (around EMA 200 and the lower boundary of the sideways range)
  • Money Flow: Positive, supporting the bullish trend.
  • EMA: EMA 50 > EMA 200, a bullish signal.
  • Trend Strength: Thick green cloud and buy signals indicate a strong uptrend.
  • Chart Pattern: Triangle breakout.

• TF 4H:

  • SMC: The price is in a clear uptrend after breaking out of a significant resistance level.
  • ICT: The price is holding strongly above both EMA 50 and EMA 200.
  • Buyside & Sellside Liquidity:
    • Buyside Liquidity: No significant resistance nearby.
    • Sellside Liquidity: $58,000 (around EMA 50)
  • Money Flow: Positive, supporting the bullish trend.
  • EMA: EMA 50 > EMA 200, a bullish signal.
  • Trend Strength: Green cloud and buy signals indicate an uptrend.

• TF Day:

  • SMC: The price is in a clear uptrend.
  • ICT: The price is holding strongly above both EMA 50 and EMA 200.
  • Buyside & Sellside Liquidity:
    • Buyside Liquidity: No significant resistance nearby.
    • Sellside Liquidity: $50,000 (around EMA 50)
  • Money Flow: Positive, supporting the bullish trend.
  • EMA: EMA 50 > EMA 200, a bullish signal.
  • Trend Strength: Thick green cloud and buy signals indicate a strong uptrend.

Day Trade Strategy (SMC):

1. Buy on Dip: Wait for the price to pull back towards the EMA 50 support on the 15m TF (around $61,500 - $62,000) or the lower boundary of the sideways range.
2. Take Profit: Set a profit target at the Buyside Liquidity around $64,000.
3. Stop Loss: Set a stop loss slightly below the Sellside Liquidity around $60,000.

Things to Watch Out For:

• Volatility: Bitcoin is highly volatile. Set your stop loss appropriately.
• False Breakout: Be cautious of false breakouts.
• News: Stay updated on news that may impact Bitcoin's price.

Summary:

Bitcoin is in a bullish trend across all timeframes but is experiencing a short-term consolidation. The recommended day trade strategy is "Buy on Dip," with a profit target of $64,000 and a stop loss slightly below $60,000.

Disclaimer: This analysis is for informational purposes only and represents a personal opinion. It is not financial advice. Investing in cryptocurrencies involves significant risk. Investors should conduct their own research and exercise due diligence before making any investment decisions.

@ 9e69e420:d12360c2

President Trump has intensified immigration enforcement, likening it to a wartime effort. Despite pouring resources into the U.S. Immigration and Customs Enforcement (ICE), arrest numbers are declining and falling short of goals. ICE fell from about 800 daily arrests in late January to fewer than 600 in early February.

Critics argue the administration is merely showcasing efforts with ineffectiveness, while Trump seeks billions more in funding to support his deportation agenda. Increased involvement from various federal agencies is intended to assist ICE, but many lack specific immigration training.

Challenges persist, as fewer immigrants are available for quick deportation due to a decline in illegal crossings. Local sheriffs are also pressured by rising demands to accommodate immigrants, which may strain resources further.

@ 09fbf8f3:fa3d60f0

🌟 深度探索：在Cloudflare上免费部署DeepSeek-R1 32B大模型

🌍 一、 注册或登录Cloudflare平台（CF老手可跳过）

1️⃣ 进入Cloudflare平台官网：

。www.cloudflare.com/zh-cn/
登录或者注册账号。

2️⃣ 新注册的用户会让你选择域名，无视即可，直接点下面的Start building。

3️⃣ 进入仪表盘后，界面可能会显示英文，在右上角切换到[简体中文]即可。

---

🚀 二、正式开始部署Deepseek API项目。

1️⃣ 首先在左侧菜单栏找到【AI】下的【Wokers AI】，选择【Llama 3 Woker】。

2️⃣ 为项目取一个好听的名字，后点击部署即可。

3️⃣ Woker项目初始化部署好后，需要编辑替换掉其原代码。

4️⃣ 解压出提供的代码压缩包，找到【32b】的部署代码，将里面的文本复制出来。

下载地址：
📁 夸克
📁 UC网盘
📁 迅雷网盘

5️⃣ 接第3步，将项目里的原代码清空，粘贴第4步复制好的代码到编辑器。

6️⃣ 代码粘贴完，即可点击右上角的部署按钮。

7️⃣ 回到仪表盘，点击部署完的项目名称。

8️⃣ 查看【设置】，找到平台分配的项目网址，复制好备用。

---

💻 三、选择可用的UI软件，这边使用Chatbox AI演示。

1️⃣ 根据自己使用的平台下载对应的安装包，博主也一并打包好了全平台的软件安装包。

2️⃣ 打开安装好的Chatbox，点击左下角的设置。

3️⃣ 选择【添加自定义提供方】。

4️⃣ 按照图片说明填写即可，【API域名】为之前复制的项目网址(加/v1)；【改善网络兼容性】功能务必开启；【API密钥】默认为”zhiyuan“，可自行修改；填写完毕后保存即可。

5️⃣ Cloudflare项目部署好后，就能正常使用了，接口仿照OpenAI API具有较强的兼容性，能导入到很多支持AI功能的软件或插件中。

6️⃣ Cloudflare的域名默认被墙了，需要自己准备一个域名设置。

---

转自微信公众号：纸鸢花的小屋
推广：低调云（梯子VPN）
。www.didiaocloud.xyz

@ 0b118e40:4edc09cb

Are we living in his definition of democracy?

It’s interesting how political parties can divide a country, especially in democracies where both oppression and individual choice coexist.

As I was exploring global economics and political ideologies, I picked up The Republic by Plato (again). The first time I read it, I only read the book on the Allegory of the Cave and it felt enlightening. This time around, I read through all the books and I thought to myself : this is absolutely nuts!

Over 2,000 years ago, The Republic imagined a world disturbingly similar to Gattaca or 1984. For a quick rundown, Plato believed in a police state, eugenics, a caste system, and brainwashing people through state-controlled media and education. Sounds wild? I thought so too.

And for some reason, Plato had a serious grudge against art. To him, art was deceptive and emotionally manipulative. Maybe because there was a skit making fun of Socrates at that time by Aristophanes (the father of comedy) or maybe because he struggled to deal with emotions, we will never know.

Plato obviously wasn’t a fan of democracy as he wanted a dystopian world. But to be fair, he genuinely thought that his ideal world (Kallipolis) was a utopia. Maybe someone who loves extreme order and control might think the same but I sure don’t.

His teacher Socrates was also not a fan of democracy because he believed the mass majority were too ignorant to govern and only those intelligent enough could. His student, Aristotle, was more moderate but still critical, seeing democracy as vulnerable to corruption and mob rule. Socrates, Plato, and Aristotle were around the Classical Greek era, 5th to 4th century BC.

The idea of democracy existed long before them. The first recorded version was in Athens during the 6th BC, developed by leaders like Solon and Pericles. It was a direct democracy where free male citizens (non-slaves) could vote on laws themselves instead of electing representatives.

These guys influenced how we think about democracy today. But looking around, I wonder, did we end up in Plato’s dystopian world?

Plato’s take on democracy

Plato’s lack of trust of democracy stemmed from Socrates’ death. Socrates himself was a fierce critic of democracy, as he believed governance should be based on wisdom rather than popularity.

Other thinkers, like Pythagoras and Herodotus (father of history), also examined different political systems, but Socrates was the most influential critic. He warned that allowing the uneducated masses to choose leaders would lead to poor governance, as they could be easily swayed by persuasive speakers rather than guided by knowledge.

Athenian democracy relied on large citizen juries and was particularly vulnerable to rhetoric and public sentiment.

In the end, Socrates became a victim of the very system he criticized. His relentless questioning of widely accepted beliefs, now known as the Socratic Method, earned him powerful enemies. Socrates’ constant probing forced them to confront uncomfortable truths. It annoyed people so much, that it eventually led to his trial and execution. Socrates was condemned to death by popular vote.

I wonder, if we applied the Socratic Method today to challenge both the left and the right on the merits of the opposing side, would they be open to expanding their perspectives, or would they react with the same hostility?

This questioning technique is now also used in some schools and universities as a teaching method, encouraging open-ended discussion where students contribute their own thoughts rather than passively receiving information. But how open a school, system, or educator is to broad perspectives depends largely on their own biases and beliefs. Even with open-ended questions, the direction of the conversation can be shaped by those in charge, potentially limiting the range of perspectives explored.

Socrates’ brutal death deeply grounded Plato’s belief that democracy, without intellectual rigor, was nothing but a mob rule. He saw it as a system doomed to chaos, where the unqualified, driven by emotion or manipulated by rhetoric, made decisions that ultimately paved the way for tyranny.

The Republic

The Republic was written around 375 BC, after the Peloponnesian War. One of its most famous sections is the Allegory of the Cave, where prisoners are stuck watching shadows on a wall, thinking that it’s reality until one breaks free and sees the real world. That’s when the person becomes enlightened, using knowledge and reason to escape ignorance. They return to free others, spreading the truth. I love this idea of breaking free from suppression through knowledge and awareness.

But as I went deeper into Plato’s work, I realized what the plot twist was.

Plato wrote this book for strict state control. He wanted total control over education, media, and even families like in the book 1984. He argued that people should be sorted into a caste system, typically workers, warriors, and philosopher-kings so that society runs like a well-oiled machine. The “guardians” would police the state and everyone would go through physical and military training. To top it off, kids would be taken away from their parents and raised by the state for the “greater good.” like in the movie Gattaca. If that sounds a little too Orwellian, that’s because it is.

Plato believed that only philosophers, the truly enlightened ones from that “cave”, should rule. To him, democracy was a joke, a breeding ground for corruption and tyranny.

I found it completely ironic that this book that warns about brainwashing in the Allegory of the Cave also pushes for a state-controlled society, where thinking for yourself isn’t really an option.

And yet, looking around today, I wonder, are we really any different? We live in a world where oppression and enlightenment exist side by side.

Plato was slightly progressive in that he thought men and women should have equal education, but only for the ruling Guardian class.

In The Republic, Plato didn’t focus much on economics or capitalism as we understand them today. His philosophies were more concerned with justice, governance, and the ideal structure of society. He did touch on wealth and property, particularly in The Republic and Laws but it was more on being against wealth accumulation by rulers (philosopher-kings had to live communally and without private property).

While these ideas echo elements of socialism, he never outlined a full economic system like capitalism or socialism.

The hatred for art

Plato was deeply skeptical of art. He believed that it appealed to emotions over rational thought and distorted reality. In The Republic (Book X), he argued that art is an imitation of an imitation, pulling people further from the truth. If he had his way, much of modern entertainment, including poetry, drama, and even certain types of music, would not exist in their expressive forms.

Despite Plato’s distrust of the arts, his time was a golden age for Greek drama, sculpture, and philosophy. Ironically, the very city where he built his Academy, Athens, was flourishing with the kind of creativity he wanted to censor.

Even medicine, which thrived under Hippocrates (the father of medicine), was considered an art requiring lifelong mastery. His quote, ‘Life is short, and art is long,’ reflects the long span of time it takes to cultivate and appreciate knowledge and skills, which was something Plato valued. Yet, he dismissed most art as a distraction from truth.

Plato particularly criticized poets and playwrights like Homer, as he claimed they spread false ideas about gods and morality. He was also wary of Aristophanes, as he believed his work stirred emotions rather than encouraging rational thought. It probably did not help that Aristophanes mocked Socrates in his play The Clouds, which may have influenced Plato’s views.

What’s clear is that Plato didn’t hate art because he didn’t understand it. He deeply understood the power of storytelling and its ability to mold societal beliefs. He argued for banning poets entirely from his “ideal city” to prevent them from misleading the public.

But he did value some forms of art. After all, he was a writer himself, and writing is a form of art. He approved of artistic expressions that promoted moral and intellectual virtue, such as hymns, architecture, and patriotic poetry, as long as they served the greater purpose of instilling order and wisdom in society.

Plato’s five regimes

Plato believed governments naturally decay over time, moving from order to chaos. He outlined five regimes, which he considers each to be worse than the last.

1. Aristocracy (Philosopher-King rule) : This is his pitch, the ideal state, ruled by wise elites who value knowledge over power. Some aspects of modern authoritarian states echo this model

2. Timocracy (Military rule) : A government driven by honor and discipline, like Sparta. Over time, ambition overtakes virtue, leading to oligarchy.

3. Oligarchy (Rule by the wealthy) : The rich seizes power and deepens inequality. Many democracies today show oligarchic tendencies, where money dominates politics.

4. Democracy (Rule by the masses) : The people overthrow the elites, prioritizing freedom over order. But without stability, democracy becomes fragile, and vulnerable to demagogues and external manipulation.

5. Tyranny (Dictatorship) : When democracy collapses, a charismatic leader rises, promising order but seizing absolute power. What begins as freedom ends in oppression.

Modern politics seems stuck in a cycle, shifting between democracy, oligarchy, and authoritarian control. If Plato was right, no system is permanent and only the illusion of stability remains.

Does Plato’s ideal state exist in any country today?

Some aspects of modern benevolent dictatorships, like Singapore under Lee Kuan Yew, or socialist states like China, may resemble Plato’s vision in their emphasis on elite rule, long-term planning, and state control. But, these governments operate pragmatically, balancing governance with economic power, political strategy, and public influence rather than strictly adhering to philosophical ideals.

Could this be compared to Taliban rule, given the censorship, authoritarian control, and rigid social hierarchy? While there are superficial similarities, the key difference is that Plato valued knowledge, reason, and meritocracy, while the Taliban enforced religious fundamentalism and theocratic rule. Plato’s Kallipolis also included some level of gender equality for the ruling class, whereas the Taliban’s system is heavily restrictive, especially toward women.

While Plato’s ideas echo in certain authoritarian-leaning states, his rigid caste system, philosopher-led governance, and rejection of democracy set his vision apart from any modern political system.

Aristotle’s take on democracy

Aristotle wasn’t Athenian, but he documented and analyzed 158 constitutions, including Athenian democracy. He studied at Plato’s Academy for over 20 years, growing up in a world influenced by Athens’ democratic experiment. He lived through the tail end of Athens’ golden age, witnessed its decline, and experienced how different forms of rule influenced politics and the mindset of the people under them.

For Aristotle, governments were good or corrupted. The good ones were monarchs, aristocracy (wise elites), and polity (a constitutional gov’t where the middle class keeps power balanced). The corrupted ones were tyranny (monarchy gone wrong), oligarchy, and democracy.

Aristotle saw how democracy, if unchecked, could spiral into chaos or be co-opted by populist leaders. But unlike Plato, who rejected democracy outright, Aristotle believed it could work if properly structured.

His concept of ‘polity’ was a constitutional government that balanced democratic participation with stability, relying on a strong middle class to prevent both mob rule and elite domination. This idea of checks and balances, a mixed government, and middle-class stability make polity the closest to modern constitutional democracies today when compared to all 3 of the Greek philosophers.

What happened after Athens?

Of course, democracy didn’t end with Athens, it evolved over time. After Athens’ golden age came Alexander the Great (Aristotle’s student and the king of Macedonia). He conquered Greece, Persia, Egypt, and part of India, creating the largest empire of his time. After his death in 323 BCE, his empire split among his generals, marking the beginning of the Hellenistic period.

Rome saw a shift from the fall of the Roman Republic to the rise of the Roman Empire under Augustus moving away from democratic ideals to centralized rule. But the Western Roman Empire fell about 500 years later largely due to internal decline and invasions by the Germanic Tribes (modern-day Sweden, Switzerland, Germany). The Eastern Roman Empire (Byzantine Empire, based in Constantinople or modern-day Turkey) rose and survived for nearly 1,000 more years until it fell to the Ottoman Turks in 1453.

During the Medieval period (5th–15th century), Europe saw a rise in monarchies and feudalism. Power shifted to kings, nobles, and the church, with little direct participation from ordinary people. Some democratic elements survived in places like Venice and Florence, where wealthy merchant families controlled city-states.

By the 17th century, democracy started creeping back into political thought, though not without skepticism. Machiavelli and Hobbes weren’t exactly fans of democracy, but they had plenty to say about power and governance. Later on Machiavelli hinted on the possible idea of a republic/mixed government in the *Discourses of Livy *

Meanwhile, England was going through its own struggles with power. The English Civil War (1642–1651) was a showdown between King Charles I, who wanted absolute power, and Parliament, which wanted more influence. Charles ignored Parliament and was executed in 1649. England briefly became a republic under Oliver Cromwell, but the monarchy returned after his death.

In 1688, the Glorious Revolution forced King James II (Charles I’s son) to flee to France. Parliament then invited William of Orange (a Dutch Protestant) and his wife Mary to take the throne. In 1689, they signed the English Bill of Rights, which limited the monarchy’s power, strengthened Parliament, and guaranteed certain rights to citizens.

This was a significant moment in history as it effectively ended the absolute monarchy and established a constitutional monarchy in England.

The American Revolution in 1776 and the French Revolution in 1789 pushed democratic ideals forward but still excluded women, slaves, and the poor. Historian Luciano Canfora, in his book Democracy in Europe, argues that early liberal democracy was full of contradictions as it preached equality, yet economic and social exclusion remained.

(Note: If you want to understand the history of anarchism, the French Revolution is a key starting point. It influenced early anti-authoritarian thought, which later evolved into socialist and anti-capitalist movements. Over time, libertarians adopted anarchist principles, leading to the development of anarcho-capitalism. The concept of anarchism in politics has taken nearly two centuries to emerge in its modern form).

The 19th and 20th centuries saw the expansion of democracy. But as Canfora explains it, it also saw its exploitation and manipulation. Although industrialization and social movements pushed for broader suffrage, democracy remained controlled by elites who feared true mass participation. Democracy became a tool for maintaining power rather than a true expression of the people’s will.

According to Canfora, the Cold War turned democracy into a geopolitical tool, with Western powers supporting or opposing democratic movements based on strategic interests rather than principles.

Today, there are many versions of democracy from direct democracy to representative democracy, presidential democracy, social democracy, religious democracy, constitutional democracy, communist democracy, and more. And is often viewed as a brand name for “good governance”. But are they?

In the end, was Plato right?

At a meta level, Plato’s argument was about control, be it controlling what people read, hear, and even think. The debate often centers on curated knowledge vs rhetoric. Plato believed that absolute obedience would bring harmony, even at the cost of individuality. Today, we call that totalitarian or dictatorship

But when we take a second look at things, are we already living in Plato’s world?

Governments across the globe control education, influence media narratives, and regulate speech. Many so-called democracies aren’t as free as they claim to be. So maybe Plato’s influence on modern democracies runs deeper than we realize.

Another key debate today is that, unlike Plato’s time, most people are educated. However, much of this education is still designed by state systems, which can influence how people think and vote. How do we balance empowering people through education while ensuring true independence in a system built on critical thinking rather than one that merely feeds information?

Truth is, democracy has never been a pure, people-driven system. It has always been influenced by power struggles, wealth, and manipulation. Often it has been an instrument of control rather than liberation.

Yet, the people have always resisted. In the past, they gathered in the streets, risking tear gas, rubber bullets or being dragged into Black Marias. Today, digital activism has allowed for mass mobilization with fewer risks. In many countries especially in third-world countries, online movements on platforms like Twitter during Jack’s time, forced governments to overturn policies. This may be the closest we've come to real democracy which is direct action without the usual state violence.

But with this rise in digital activism comes the counterforce through government and corporate requirements for censorship, algorithmic manipulation, and the quiet steering of public discourse. Platforms once seen as tools of liberation can become tools of control. Facebook mood experiment in 2012 tested positive and negative content on 700,000 people and proved emotions can be manipulated at scale. Cambridge Analytica was exposed in its attempt to manipulate votes.

This is where decentralized networks like Nostr matter as a fundamental resistance to centralized control over speech. If democracy is to return to the people, it must also break free from algorithmic gatekeepers and censorship.

Because the so-called ‘ignorant masses’, the very people Plato dismissed, are the ones who fight for freedom.

Because real democracy isn’t about control.

It’s about freedom.

It’s about choice.

It’s about the people, always.

@ 2e8970de:63345c7a

the silence before the storm

originally posted at https://stacker.news/items/899535

@ e373ca41:b82abcc5

Dieser Artikel wurde mit dem Pareto-Client geschrieben (lesen Sie ihn dort, um die volle Erfahrung zu machen). 

Dies ist Teil 3 der Serie “Die Corona-Connection”: Lesen Sie hier Teil 1 und Teil 2.

Wenn die Realität die Fiktion überholt: das ist die Signatur unserer Epoche. Im Zuge täglicher Enthüllungen tritt nun immer deutlicher der medial-industrielle Komplex der “Corona-Connection” zum Vorschein. Allein die Finanzströme zeigen deutlich: der Anfangsverdacht einer Verschwörung ist sichtbar und nachweisbar.

---

Sie wollen meine (überwiegend englischen) Artikel auch per Email bekommen?

Hier können Sie sich eintragen für den Newsletter (max. 1-2 x pro Woche).

---

“Follow the Money”

In Washington hat das große Sesselrücken begonnen: Tausende Wohnungen und Häuser werden gerade auf den Markt geschwemmt, die Suchanfragen nach Offshorebanken und Strafverteidigern explodiert. Die Ratten verlassen das sinkende Schiff, eine alte Nomenklatura fällt, eine neue wird errichtet. So ist Politik. Wie viel davon Inszenierung und wie viel echt ist, werden wir erst später erfahren.

(Quelle: X/@wikileaks)

Schon jetzt erfahren die Europäer allerdings von JD Vance, dass in Washington “ein neuer Sheriff in town” ist. Die Rede auf der Münchener Sicherheitskonferenz war eine Zäsur in den transatlantischen Beziehungen. JD Vance hat Europa die Leviten gelesen: Wir glaubten nicht mehr an die Meinungsfreiheit, und damit an die Demokratie; wir griffen in Wahlen ein, deindustrialisierten uns selbst, betrieben ideologische Beeinflussung, Zensur und Manipulation. Eine beeindruckende Rede eines früheren Trump-Verächters (er nannte ihn mal einen Betrüger und überlegte Hillary Clinton zu wählen). Und dann der „Killer-Satz“ an das Establishment:

„Wenn Sie Angst vor den eigenen Bürgern haben gibt es nichts, was die USA für Sie tun können.“

Ja, Vance hat in vielem Recht, Europa ist ein sektiererischer Bürokratenkontinent, der ideologisch gekapert ist. Doch vielleicht hätte Vance etwas mehr darüber sprechen können, was die USA bereits „für Europa getan haben“, allein in den letzten Jahren:

• Der Europäische Debattenraum wurde mit US-Steuergeldern manipuliert, knapp 500 Mio USD. flossen durch die Kanäle von USAID und Co.
• Deindustrialisierung: Danke für die Sprengung von Nordstream, großer Bruder!
• Zensur: waren das nicht auch die großen amerikanische Social Media Plattformen, siehe Twitter-Files?
• Ach überhaupt, der ganze Verschwörungskomplex zu Corona, ist nicht die Corona-Connection im Kern ein Konsortium überwiegend amerikanischer Player? NGOs, öffentliche Gesundheitsbehörden, CIA, Überwachungsindustrie, Big Pharma im Verbund mit China.
• Wer in den letzten Jahren von “Misinformation und Disinformation” sprach, benutzte exakt das USAID-Wording und derartige Beispiele gibt es viele.

---

ANZEIGE:

Sie suchen nach dem einfachsten Weg, Bitcoin zu kaufen und selbst zu verwahren?****** Die Relai-App ist Europas erfolgreichste Bitcoin-App. Hier kaufen Sie Bitcoin in wenigen Schritten und können auch Sparpläne einrichten. Niemand hat Zugriff auf Ihre Bitcoin, außer Sie selbst. Relai senkt jetzt die Gebühr auf 1%, mit dem Referral-Code MILOSZ sparen Sie weitere 10%. (keine Finanzberatung). Disclaimer wg. EU-Mica-Regulierung: Die Dienste von Relai werden ausschließlich für Einwohner der Schweiz und Italiens empfohlen.

---

Sprechen wir also zuerst vom Verrat Amerikas an der Welt, in Form der größten Psyop der Welt, sowie dem Biowaffenangriff in Form von Corona und mRNA, an dem amerikanische Behörden maßgeblich beteiligt waren. Die USA (oder der deep state?) sind scheinbar im Kalten Krieg mit der eigenen Bevölkerung und der Welt:

• USAID und NIAID finanzierten Coronavirusforschung in Wuhan, USAID finanzierte massiv die Bill & Melinda Gates Stiftung, Impfprogramme sowie GAVI, CEPI, Programme für “reproductive health” etc. Die Liste der “joint ventures” von Gates und USAID ist lang. Und USAID finanzierte den Propagandaapparat.
• Früher eichte die CIA Schriftsteller im Congress for Culture Freedom, heute finanzieren sie Weiterbildungen und Medientrainings für Tausende Journalisten, auch in Europa. Die Presselandschaft wird wie bei “Operation Mockingbird” einfach weiter unterwandert.
• Reuters bekam 9 Mio. vom US-Verteidigungsministerium und eine köstliche Programm-Beschreibung obendrein: Millionen für social engineering und gesellschaftliche Täuschung, large societal deception (abgekürzt LSD). Ein Wink mit dem Zaunpfahl auf “Mission Mind Control”, also Bewusstseinsexperimente der CIA, u.a. mit LSD?

• Ein paar Tröpfchen LSD dürfen nicht fehlen (rechts unten)

Die Rede vom Verrat an den eigenen Werten in vasallenartigem Gehorsam reiht sich jedenfalls schlecht ein in den noch größeren Verrat der eigenen Werte und eine Form von Hochverrat am Bürger durch amerikanische Behörden. Was genau bleibt also vom Vorwurf von Vance? Ihr habt bei der von uns mitfinanzierten Propagandamaschinerie etwas zu gut mitgemacht. Watch your values!

Die Rede von Vance sei Wahlbeeinflussung, eine Einmischung in „unsere Demokratie“, heißt es nun bei hiesigen Nomenklaturapolitikern. Wahlbeeinflussung durch Vance? Eine schöne Nebelkerze. Die größte Wahlbeeinflussung war doch die mit Milliarden USAID-Geld finanzierte ideologische Unterwanderung des europäischen Debattenraums, von Moldawien und der Ukraine bis Deutschland und Frankreich: Internews Network, Trusted News Initiativen, Factchecker, Kampagnen zu „Misinformation/Disinformation“ uvm. Der europäische Debattenraum wurde auf CIA-Narrativebene geeicht. Die Europäer sind konsterniert: Sie haben mitgemacht und werden jetzt von Vance „unter den Bus geworfen“. Sie stehen als die nützlichen Idioten da, die sie waren. Auch eine Form von Gaslighing: Bestrafung für Gehorsam.

Das Business Modell des Philanthrokapitalismus

Der Verrat der Werte, er zieht sich längst durch alle Ebenen von Bürokratie, Politik, Wirtschaft. Was eröffnet auch bessere Geschäftsmöglichkeiten als Gedankenkontrolle, Beeinflussung, autoritäre Einschüchterungsmethoden, durchgeführt von einem korporativen Machtapparat aus Politik, Polizei, Medien, Big Tech und Pharma?

Unter denen, die wegen USAID am meisten aufheulen, ist Bill Gates. Zu diesem tauchen, welch Wunder, gerade überall Lobesartikel auf, in US-Sendungen wird er wieder als Gesundheitsexperte herumgereicht, warnt vor Millionen Toten, wenn die Hilfen, die in seine Gesundheitsprogramme von USAID flossen, gestoppt werden. Nur am Rande: Gerade gab es einen Ebolaausbruch in Uganda. Die WHO lobt den schnellen Impfstart. Immer diese Zufälle, pandamic preparedness sei Dank, Herr Gates!

USAID und Gates sind ziemlich beste Freunde: Die weltgrößte Privatstiftung von Eugeniker Gates und eine CIA-Frontorganisation in trauter Verbundenheit. Was soll da anderes rauskommen, als die größte Psyop der Welt? Nein, USAID hat nicht in 1.6 Mrd. Dollar in deutsche Medien gesteckt, wie kürzlich per falschem Screenshot auf X verbreitet wurde. Die EU steckte dafür 132 Mio. Euro in journalistische EU-PR. Doch es blieb genug Geld für die Medien übrig, um den Corona-Scam zu glauben, zu verbreiten – und sich boostern zu lassen.

So wird ein Schuh draus: (Netzfund)

Darüber hinaus steckte USAID Milliarden in Gavi und CEPI, die Gatesschen Impfkonsortien mit Sitz in der Schweiz. Sowie in zig andere Programme der Gatesstiftung. Teils floss Geld zurück. Ein Geben und Nehmen. All das wäre für ein James-Bond-Drehbuch zu viel des Guten und Undenkbaren: Wir haben es bei der Corona-Connection mit einer Verschwörung von Geheimdienstkreisen, China und Philanthrokapitalisten zu tun. Deren teils geheimdienstfinanzierten Outlets (GAVI, CEPI), aber auch die WHO genießen in der Schweiz Steuervorteile und Immunität, wie eine Botschaft.

Und so wird ein Business-Modell daraus:

• Man suche sich ein Tätigkeitsfeld, Anliegen oder ein sonstiges Vorhaben der sozialen Ingenieurskunst aus. Bei Gates: Bevölkerungskontrolle und -reduktion, Impfstoffverkauf. 2010-2020 sollte die Dekade der Impfstoffe werden – und wurde es. Gates Gebaren konnte man 2015 in einer kritischen Untersuchung von “Misereor” und “Brot für die Welt” studieren.
• Dann definiere man Strukturen, Mechanismen und Businessmodelle zur Umsetzung. In einer Studie von USAID, BMGF sowie Rockefeller-Stiftung zum Einsatz von KI im Gesundheitsbereich liest man es exemplarisch schwarz auf weiß: “If evidence is promising, define business case – Wenn die Beweise vielversprechend sind, entwickle eine Geschäftsidee.”

* Es erfolgt ein Investment in die Geschäftsidee. Das nennt sich dann Program-Related Investment, und nicht nur “grant”, wie die New York Times früher noch kritisierte. Hier wird der angebliche Altruismus zum systemischen legalen Interessenkonflikt. Katastrophen zahlen sich jetzt aus. * WHO, Partnerorganisationen, News-Netzwerke werden auf die Idee geeicht, das übliche PR-Geschäft. * Dann noch schnell ein Planspiel, in Wuhan ist der USAID-Partner mit der gain of function-Forschung nämlich schon bereit für den Lab-Leak. Investments in Curevac, Biontech & Co. sind bereits getätigt, das politische Feld in Sachen Epidemic Preparedness ohnehin vorgeimpft (und beteiligt, hunderte Millionen gingen von Deutschland an die BMGF und CEPI, Gavi).

In dieser Phase hängt der Erfolg der Operation nur noch davon ab, wie gut (und wie lange) man es schafft, das Overton-Fenster in den Medien (also das, was relevant ist) mit immer neuen Propaganda-Erzählungen und Angstbildern vollzuhängen, die sozialen Medien zurechtzustutzen und Kritiker zu dezimieren: Fertig ist der größte kriminelle Coup der Geschichte.

Alle Beteiligten gewinnen: Gates vedient an den Impfstoffen, kann das Geld steuerbefreit in der Stiftung für neue Machtgewinnungsfeldzüge einsetzen, die CIA hat ein erfolgreiches Massenhypnose-Experiment durchgeführt und China konnte die Weltwirtschaft hinter sich lassen, intern die Pandemie schnell besiegen und dem Westen seine sehr schnell in Vergessenheit geratenen Bürger- und Menschenrechte vorhalten. Diese Rechte fielen ungefähr so schnell, wie die Menschen in chinesischen Propagandavideos auf der Straße zusammensackten. Nur in China übrigens, nirgendwo anders.

---

Sie wollen meine (überwiegend englischen) Artikel auch per Email bekommen?

Hier können Sie sich eintragen für den Newsletter (max. 1-2 x pro Woche).

---

Philanthrokapitalismus bedeutet übersetzt, den Anreiz auszuleben, mit Kontrollphantasien, Social Engineering und Technokratie zugleich Geld zu verdienen, Steuern zu sparen, und Macht zu gewinnen. Ein Honeypot für schwerreiche Psychopathen, die munter nach Gutsherrenart an der Bevölkerung herumschrauben wollen. Der Philanthrokapitalismus eines Gates, Soros & Co ist das gefährlichste korporatistische Räuberbaronentum der Neuzeit. Der Staat kann legal für private Machterreichungszwecke ausgenommen werden – zum Schaden der Bürger.

Es gab bei Corona viele Profiteure. Und viele Opfer. Über beide werden wir in naher Zukunft noch viel mehr erfahren. Die Welle der Aufarbeitung rollt.

Und die Konsequenzen? Ein Bill Gates sollte vielleicht daran denken, nicht erst dann zu flüchten, wenn die Epstein-Files veröffentlicht werden, sondern schon früher. In der amerikanischen Verfassung gibt es nur einen Strafrechtsparagraphen und dieser lautet so:

Artikel III, Abschnitt 3 der US-Verfassung:

„Hochverrat gegen die Vereinigten Staaten besteht ausschließlich darin, Krieg gegen sie zu führen oder ihren Feinden Beistand und Unterstützung zu leisten.“

Die Corona-Impfkampagne hat die Gesundheit der Amerikaner, auch der von Soldaten massiv geschadet, wie akut erhöhte Krankenstände und Nebenwirkungsmeldungen zeigten. Damit wurde Feinden der USA (mindestens jede verfeindete Kriegspartei) Beistand geleistet.

Eines wissen wir schon jetzt: So in etwa ist der “Source Code” des Bösen programmiert.

---

You prefer reading me in English? You can find my first uncensorable articles written with our Pareto client via Nostr, clicking on this link. Discover other authors at Pareto.space/read.(click on the Pareto button to see our first authors).

---

Join the marketplace of ideas! We are building a publishing ecosystem on Nostr for citizen-journalism, starting with a client for blogging and newsletter distribution. Sound money and sound information should finally be in the hands of the people, right? Want to learn more about the Pareto Project? Zap me, if you want to contribute (all Zaps go to the project).

Are you a publication or journalist and want to be part of it, test us, migrate your content to Nostr? Write to team@pareto.space**

Not yet on Nostr and want the full experience? Easy onboarding via Start.

We have started a crowdfunding campaign on Geyser. We are in the Top 3 in February, thank you for the support!

---

Sie wollen meine Artikel auch per Email bekommen?

Hier können Sie sich eintragen für den Newsletter (max. 1-2 x pro Woche).

@ 42342239:1d80db24

Almost 150 years ago, the British newspaper editor William Thomas Stead wrote that "the editorial pen is a sceptre of power, compared with which the sceptre of many a monarch is but a gilded lath". He had begun to regard journalism as something more than just conveying information - the journalist or editor could become a ruler.

Times had certainly changed compared to a few hundred years earlier. Before Gutenberg's invention of the printing press, it was mainly the church that controlled the dissemination of information in Europe, but when Stead put pen to paper, this control had shifted to newspapers, schools, and universities. Eventually, technologies like radio and TV entered the scene, but the power dynamics remained asymmetrical - only a few could send information to the many.

However, with the emergence of the internet, and especially with the spread of social media, a significant change followed. Instead of only a few being able to send information to the many, many could send to many. Almost anyone could now create their own newspaper, radio, or TV channel. The power over information dissemination was decentralised.

Ten years ago, Roberta Alenius, who was then press secretary for Sweden's Prime Minister Fredrik Reinfeldt of the Moderate Party, shared her experiences with Social Democratic and Moderate Party internet activists on social media. She reported that social media played a significant role in how news "comes out" and is shaped, and that journalism was now downstream of social media. Five years later, NATO's then-Secretary-General Jens Stoltenberg said that "NATO must be prepared for both conventional and hybrid threats: from tanks to tweets." This finally underscores the importance of social media.

Elon Musk, who took over X (formerly Twitter) in 2022, has claimed that "it's absolutely fundamental and transformative that the people actually get to decide the news and narrative and what's important," and that citizen journalism is the future.

While his platform allows most expressions - for better or worse - the reach of messages is instead limited ("freedom of speech does not mean freedom of reach "). X has also opened its recommendation algorithm to the outside world by making it open-source. Although this is a welcome step, the fact remains that it's impossible to know which code is actually used and what adjustments are made by humans or algorithms.

William Thomas Stead's "sceptre of power", which has wandered from the church to newspaper and TV editorial offices, and now to citizens according to Elon Musk, risks being transferred to algorithms' opaque methods?

Instead of talking about "toxic algorithms" and TikTok bans, like the so many do today, we should ask ourselves more fundamental questions. What happens when algorithms are no longer objective (how can they ever be?), but instead become tools for shaping our reality? Perhaps our greatest challenge today is not deciding who should govern the information landscape, but instead recognising that no one is up to the task - not even well-ventilated computers.

@ 5afdec5b:2d631be1

Bitcoin: The Future of Collateralized Loans

Bitcoin is transforming the financial landscape, not just as a digital currency but arguably as the best form of collateral for unlocking liquidity. At Lendasat, we're pioneering this shift by working towards a trustless, self-custodial lending platform that lets users borrow against their Bitcoin without selling it. Let's explore Bitcoin's unmatched value as collateral and how Lendasat's innovative approach - with Discreet Log Contracts (DLCs) and integrations - make borrowing secure, simple, and practical. Bitcoin unlocks cash access without letting it go.

---

Why Bitcoin Stands Out as Collateral

Bitcoin's intrinsic properties set it apart from traditional assets like real estate or stocks:

🌐 Decentralized Control: No intermediaries, ensuring transparency and independence.
💧 Ultimate Liquidity: Bitcoin is one of the most liquid assets in the world, tradable 24/7 without interruption. Unlike traditional markets with public holidays, and weekend downtime, Bitcoin operates continuously, allowing transactions at any time from anywhere.
✅ Capped Supply: Only 21 million coins will ever exist, shielding it from dilution/inflation.
🔒 Robust Security: Backed by cryptography and a global mining network, Bitcoin is portable, durable, and verifiable.

These qualities make Bitcoin an ideal foundation for lending, a vision Lendasat brings to life. Our app leverages Bitcoin's censorship-resistant nature to offer a collateral option that traditional assets can't rival.

The "Buy, Borrow, Die" Strategy: A Smart Money Move Now Available For Everyone

For those unfamiliar, the "buy, borrow, die" strategy involves buying assets, borrowing against them for liquidity, and holding until death to pass on the assets with a stepped-up basis, minimizing taxes. Savvy investors and businesses often borrow against their holdings rather than sell them. Why? It's a tax-efficient way to access cash while retaining ownership and future gains. With Bitcoin, this approach is even more compelling:

🏷️ Tax Advantage: No capital gains taxes when borrowing instead of selling.
🔒 Ownership Retention: Keep your Bitcoin and its potential upside.
📈 Growth Exposure: Benefit from Bitcoin's long-term appreciation.

Lendasat's motto, "Get the bread you need without having to part with your corn" encapsulates this strategy. We empower users to tap into their Bitcoin's value without sacrificing their stake in its future. Bitcoin gives access to practices that were previously reserved to the wealthiest individuals and companies.

ℹ️ Note: Tax benefits may vary depending on your jurisdiction. Please consult with a tax professional.

Lendasat's Vision: Seamless Lending Process

Lendasat, in its public release, will make Bitcoin-backed loans straightforward and secure. Here's how it works:

1. Secure Your Bitcoin: Lock your BTC in a Discreet Log Contract (DLC), a "smart contract" that eliminates counterparty risk while keeping you in control
2. Borrow Stablecoins: Receive stablecoins at an average 50% loan-to-value ratio (e.g., $50,000 for $100,000 in BTC), balancing liquidity with safety.
3. Spend Anywhere: Use our spending tools and off-ramps integrations to spend loan funds effortlessly in the real world, as an example, with a Virtual Card for online shopping - launched in our closed beta.

This peer-to-peer process makes KYC optional, prioritizing privacy and accessibility.

Who Benefits from Lendasat?

Our app serves a wide range of users:

Borrowers:
- Unlock cash without selling Bitcoin.
- Enjoy tax savings and growth potential.
- Spend easily with the virtual debit card.
Lenders:
- Earn guaranteed returns on overcollateralized loans.
- Reduce risk with Bitcoin's security.
- Diversify investments with a cutting-edge asset.

Lendasat's self-custodial design ensures both parties retain autonomy, with DLCs handling the heavy lifting.

Real-World Applications

Bitcoin collateral isn't just for individuals - it's a game-changer for businesses:

Businesses: Fund expansion or operations without diluting equity or selling BTC.
Miners: Cover costs like electricity bills by borrowing against mined Bitcoin, avoiding sales at low prices.

Lendasat supports these scenarios with flexible solutions, and we're exploring enhancements like on-ramps integration for bank transfer repayments to streamline the experience.

The Future of Bitcoin Collateral

Bitcoin's role as collateral is only beginning. Emerging possibilities include:

Credit Lines: Bitcoin-backed spending options akin to traditional credit.
Institutional Use: Large-scale financing for companies and even governments.

While Bitcoin is currently primarily used as a store of value, its potential as a medium of exchange is still developing. Lendasat's platform is designed to adapt to Bitcoin's evolving role in the financial ecosystem, whether it remains a collateral asset or becomes widely used for transactions.

Lendasat is driving this future by refining our platform, focusing on user-friendly on/off ramps and practical spending tools to make Bitcoin loans a financial mainstay.

What Sets Lendasat Apart?

Lendasat isn't just another lending platform - it aims to be the leader in Bitcoin finance:

Trustless System: DLCs ensure security without third-party custody.
Practical Tools: The virtual debit card bridges DeFi and daily life.
User-Centric: Optional KYC, no credit checks, and flexible repayment options in development.
Mission-Driven: We're here to empower financial freedom through Bitcoin.

These strengths make Lendasat the premier choice for leveraging Bitcoin as collateral.

Challenges and Considerations

While Bitcoin-backed loans offer many advantages, there are risks to consider:

Volatility: Bitcoin's price can be volatile, which may lead to liquidation if the value drops significantly.
User Experience: Managing DLCs and understanding the lending process may be complex for some users.

At Lendasat, we're actively working to mitigate these risks through user education, robust platform design, and ongoing development of user-friendly features.

Conclusion: Bitcoin's Full Potential

Bitcoin isn't just money - It is the best collateral in the making ever discovered, blending security, liquidity, and growth. Lendasat brings this power to your fingertips with a platform that's secure, intuitive, and built for the future. Whether you're funding a dream or growing a business, we've got you covered.

Ready to borrow without selling? Dive into https://Lendasat.com and see how your Bitcoin can work harder for you.

Quick Comparison: Traditional vs. Lendasat's Bitcoin Collateral

This snapshot underscores why Bitcoin, paired with Lendasat, is rewriting the rules of collateral.

Help Us To Achieve Our Vision!

Want to be part of the journey?
Join our waiting list or, even better, connect with us on Discord to get yourself an invite code and try our app and share your thoughts!
Stay tuned, and as always, stay sovereign.

@ 95cb4330:96db706c

Adopting Inversion Thinking, a mental model championed by Charlie Munger and Warren Buffett, can enhance decision-making and problem-solving by focusing on potential pitfalls to avoid. This approach involves considering the opposite of your desired outcome to identify and mitigate risks effectively.

---

Understanding Inversion Thinking

• Definition:
  Inversion Thinking entails approaching problems by asking, "What could cause failure?" rather than solely focusing on achieving success. This perspective helps in uncovering obstacles and errors that might be overlooked when only considering positive outcomes.

---

Examples in Practice

• Charlie Munger's Approach:
  Munger emphasizes solving problems by inverting them. For instance, instead of asking how to be successful, he suggests identifying what actions could lead to failure and then avoiding those actions.
  FS.BLOG

• Warren Buffett's Investment Strategy:
  Buffett applies inversion by considering what factors could cause an investment to fail, such as poor management or unsustainable business models, and avoids investments with these red flags.

---

Implementing Inversion Thinking

1. Define the Problem:
   Clearly articulate the challenge or goal you are addressing.

2. Invert the Problem:
   Ask what actions or factors could lead to the opposite of your desired outcome.

3. Identify Preventative Measures:
   Determine strategies to avoid these negative actions or factors.

4. Apply Insights to Decision-Making:
   Use the information gathered to inform your choices, focusing on avoiding identified pitfalls.

---

Action Step

Consider a current goal or project. Apply inversion by asking, "What steps could lead to failure in this endeavor?" List these potential pitfalls and develop strategies to prevent them, thereby increasing the likelihood of success.

---

By integrating Inversion Thinking into your decision-making process, you can proactively address potential challenges, leading to more robust and resilient strategies.

---

@ b8851a06:9b120ba1

Nothing disgusts me more than the way the white-collar justice system operates—where billion-dollar crimes are punished with pocket-change fines, and the executives responsible walk free, richer than ever. You will never see this on the centralized, Keynesian, fiat-owned mainstream media. Only here on #Nostr, where the truth isn’t for sale.

JPMorgan Chase is not just a bank—it is a repeat offender in the global financial system. With 272 violations and $39.3 billion in fines since 2000, its track record rivals that of the most notorious criminal enterprises. And yet, it remains untouchable, shielded by its financial dominance and a regulatory system that punishes lawbreaking with fines too insignificant to be real deterrents.

In 2024 alone, JPMorgan Chase reported $58.5 billion in net income, an 18% increase from 2023. Meanwhile, it incurred $825 million in fines, which accounted for just 1.41% of its net income—a rounding error for the banking giant.

Fines vs. Profits: The Cost of Doing Business

Year Total Revenue (in billions) Net Income (in billions) Total Fines (in billions) Fines as % of Net Income 2024 $177.6 $58.5 $0.825 1.41% 2023 $158.1 $49.6 Data not specified N/A 2022 $132.3 $35.9 Data not specified N/A

Sources: Bloomberg, Ventureburn

JPMorgan’s profits dwarf the penalties it pays, showing that these fines are simply the cost of doing business.

2024: A Continuation of Violations

Despite its massive profits, JPMorgan continues its long history of lawbreaking. In 2024 alone, it has been fined $825 million across multiple categories: • $250 million – Banking violations • $200 million – Investor protection violations • $151 million – Securities violations • $125 million – Price-fixing practices • $98.2 million – Banking violations

Additionally, in January 2024, the bank was fined $18 million for forcing customers to stay silent about illegal activities through confidential release agreements—another example of corporate misconduct being covered up rather than addressed.

JPMorgan has admitted to market manipulation, securities fraud, and price-fixing—yet it remains a repeat offender because financial penalties do not impact its bottom line.

The Human Cost: How JPMorgan Hurts Regular People

While JPMorgan’s executives cash in on record profits, their crimes directly harm ordinary people: • Loan denials due to false credit reporting • Higher interest rates on credit cards and loans • Difficulty opening new deposit accounts • Challenges in renting apartments or securing jobs • Thousands of suspicious transactions totaling $1.5 billion went unreported

Beyond the numbers, real people suffer from these violations. In 2024, JPMorgan was sued for failing to protect consumers from fraud on the Zelle payment platform. Customers lost over $870 million since Zelle’s 2017 launch, and JPMorgan ignored thousands of fraud complaints, even advising victims to contact scammers directly to get their money back.

This is not just corporate negligence—it is systematic exploitation.

Breakdown of JPMorgan’s Violations (2000-2024)

JPMorgan’s violations span nearly every financial crime category imaginable: • Toxic Securities Abuses: $13.46 billion • Investor Protection Violations: $6.25 billion • Mortgage Abuses: $5.36 billion • Banking Violations: $4.26 billion • Consumer Protection Violations: $3.19 billion

This systematic lawbreaking has become a business strategy rather than a legal risk.

Regulatory Capture: Why JPMorgan Gets Away With It

The question remains: Why does nothing change? The answer is regulatory capture—where the regulators responsible for policing the banks are influenced or controlled by the industry itself.

The Revolving Door: How Banks Own Their Regulators

•   Regulators frequently leave their jobs to work for the banks they once supervised.
•   The banking industry is so complex that even lawmakers struggle to verify its practices.
•   Regulators fear antagonizing banks because they often seek employment in the same industry.

JPMorgan exploits this system to avoid real consequences. Its CEO, Jamie Dimon, has openly criticized regulation and vowed to fight new financial rules, ensuring that oversight remains weak and penalties remain a slap on the wrist.

Systematic Failures in Regulation

•   Consumer protection is spread across seven different agencies, creating inefficiency.
•   Conflicts of interest within these agencies weaken enforcement.
•   Some regulators have explicit mandates to promote the financial system’s competitiveness rather than hold banks accountable.

This cycle ensures that fines remain low, executives avoid jail, and banks like JPMorgan continue breaking the law with impunity.

Industry-Wide Issues: A Systemic Problem

JPMorgan Chase is not alone. The banking sector as a whole is rife with fraud and corruption: • Wells Fargo: In 2024, Wells Fargo was sued for failing to protect customers from fraud on the Zelle payment platform, contributing to $870 million in consumer losses. • Bank of America: Also implicated in the Zelle fraud lawsuit for failing to implement basic fraud protections.

These cases prove that financial misconduct is not an exception—it’s the industry standard.

Too Big to Fail, Too Criminal to Stop

JPMorgan’s status as a “too big to fail” institution means that no matter how many laws it breaks, no matter how many billions it pays in fines, it remains untouchable.

If an individual committed fraud, price-fixing, or money laundering on this scale, they would spend a lifetime in prison. JPMorgan? It just keeps making record profits.

This is not justice. This is the financial elite operating above the law. Until executives face criminal prosecution instead of just fines, JPMorgan Chase will remain what it has been for decades:

A financial felon in a three-piece suit.

The Next Stage of Banking Corruption

JPMorgan’s violations are not just a relic of past financial crises. The next stage of banking corruption is already underway—and this time, the stakes are even higher.

With AI-driven market manipulation, rising corporate surveillance, and the increasing concentration of financial power, the system is evolving in ways that regulators are not prepared to handle. JPMorgan and its peers are already positioning themselves to profit from the next crisis, just as they did in 2008.

The question is not whether JPMorgan will commit future crimes. The question is how much they will profit from them—and how little they will be held accountable.

The reality is clear: JPMorgan Chase is not a bank that sometimes breaks the law. It is a criminal enterprise that happens to operate as a bank.

#Bitcoin is the exit. The escape from their rigged system. The end of their unchecked power.

@ 95cb4330:96db706c

Jeff Bezos, Sam Altman, and Elon Musk follow a critical decision-making principle: never let past investments dictate future choices. Instead of holding onto failing projects due to time, money, or effort already spent, successful entrepreneurs cut losses quickly and reallocate resources toward higher-impact opportunities.

---

Why Avoiding Sunk Costs Matters

• Frees Up Resources for Better Opportunities:
  The more time you spend on a failing project, the fewer resources you have to invest in something that could succeed.

• Prevents Emotional Bias in Decision-Making:
  Many people stick with bad decisions because they feel committed, rather than assessing future potential objectively.

• Increases Agility & Competitive Edge:
  Being able to pivot quickly allows you to adapt to market changes faster than competitors.

---

Example in Action: Bezos, Musk & Altman

• Jeff Bezos & the Fire Phone:
  Amazon heavily invested in its Fire Phone, but when it failed, Bezos shut it down and redirected efforts to Alexa and AWS, which became massive successes.

• Elon Musk & Tesla Model S Plaid+:
  Tesla had planned a Model S Plaid+ variant, but Musk canceled it, realizing it no longer made strategic sense in Tesla’s long-term roadmap.

• Sam Altman & Startup Strategy:
  Altman constantly advises founders to evaluate if they’re on the best path—not just the one they’ve already invested in. He encourages entrepreneurs to pivot fast rather than waste time on failing ideas.

---

How to Apply This Principle

1. Identify Projects You’re Holding Onto for the Wrong Reasons
   Ask: Would I start this today knowing what I now know?

2. Focus on Future Potential, Not Past Investment
   Look at the expected future return rather than the money or effort already spent.

3. Be Willing to Pivot or Cut Losses Quickly
   If a project no longer aligns with your long-term vision, redirect resources elsewhere.

---

Action Step: Audit Your Current Projects

• 👉 Are you continuing something just because of past investment rather than future potential?
• 👉 If so, consider pivoting or cutting it today.

---

By avoiding the sunk cost fallacy, you can stay flexible, maximize impact, and ensure you’re always focused on the best opportunities ahead.

@ 9e69e420:d12360c2

Ukraine's President Volodymyr Zelensky called for an "army of Europe" to defend against Russian threats, emphasizing that the US may not continue its traditional support for Europe. Speaking at the Munich Security Conference, he warned against peace deals made without Ukraine's involvement.

US Vice President JD Vance echoed this sentiment, urging Europe to enhance its defense efforts.

Zelensky stated, "I really believe the time has come - the armed forces of Europe must be created." He highlighted changing dynamics in US-Europe relations and noted that "the old days are over" regarding American support.

Despite discussions around NATO, Zelensky stated he wouldn't rule out NATO membership for Ukraine.

@ 5a261a61:2ebd4480

The yellow light won the battle against the feeble excuse for curtains and crept into the room. It moved cautiously as if was afraid where to step. A common trait to all who found their way into the back room of the Lost Cases Detective Agency. The current owner had inherited both the premises and the name from his predecessor, and whenever someone questioned the name, he would announce half-irritably that changing it was simply too expensive to afford. The noodle vendor from the floor below would never miss the chance to add that people who end up at his place didn't choose it for the name anyway. The truth (which he was willing to admit only to the creaking fan that scared away mice rather than actually serving its function) was that he liked the name. Like attracts like. A lost soul for lost cases. The darkness was finally driven even from the eyelids of the figure on the bed, who woke up with a dissatisfied grunt.

A few steps to the sink hidden behind a screen. The shadows cast by the street light might have seemed depressive to some, mainly because they weren't accompanied by the warming feeling of sunlight, blocked by the high skyscrapers embracing the lower houses of the former middle class. Tom smiled resignedly at this thought. It perfectly captured how everything in this city merged into one big tangle, which looks beautiful until you have to untangle it. The yellow light came from a neon sign across the street advertising "The Beach." One of many places in this City where one could hide in a drop of alcohol and the embrace of a beautiful woman. Though it was necessary to maintain that order... the companions didn't exactly recruit from the best of the best looking local beauties.

Tom turned the tap and waited until the water, after grunting, gargling, and several splutters, settled and began flowing somewhat predictably. Tom didn't mind the wait. In his line of work, patience was cheaper than bullets. And it was nice to have time when he could do nothing but wait. He examined himself in the mirror. The shadows did him favors, adding years he hadn't earned. As young as he was, he needed all the help he could get - clients wanted their private dick weathered, not fresh out of the wrapper. He had the look down pat: world-weary veteran who knew all the angles. Truth was, he couldn't even figure out the angle of his own life, but that was a case file he kept closed. The water spluttered one last time. "Good morning, dickhead," he greeted himself with unwavering conviction that today would be better than yesterday. While most people were heading to dinner, putting kids to bed, or hurrying to visit their lovers at this hour, he was waking up. So for him, it was morning. For him and a myriad of other existences who, by choice or necessity, lived more at night than during the day. Finally, he trimmed his beard to short, neat stubble - enough to look serious, but with a touch of toughness suggesting he wasn't afraid to get his hands dirty. "Perfect," he muttered to himself, "I look like a man who knows what he's doing." Maybe that illusion will convince me one day, he thought as he turned off the light in the small bathroom. With a final look in the mirror, he adjusted his shirt collar. He was ready to face the city's challenges. Whatever awaited him today, at least he'd look prepared for it.

From the hook by the door, he grabbed a ring with an identification tag and some loose change. He ran down a flight of creaking stairs and headed past empty bar stools toward the exit. The disadvantage of living above a restaurant. Though the major advantage is the high of the rent. Or rather, its lowness. Jiro, the owner of the small bistro and, coincidentally, a decent exterminator, looked at him through a dense veil of greasy vapors, nodded, and continued stirring the noodles.

Where to next? - say hi - get some food - just run outside

This is kind of an experiment with converting my WIP interactive fiction project to the nostr longnote format and letting readers decide. Originally, this story leans quite heavily toward FLR/femdom/mindcontrol/noir/steampunk/fantasy and hopefully a little mystery detective story, but let's see where (and if) it will lead from here. Also, it's mostly translated from my native language, so sorry if some wording seems stiff.

@ fd208ee8:0fd927c1

E-cash are coupons or tokens for Bitcoin, or Bitcoin debt notes that the mint issues. The e-cash states, essentially, "IoU 2900 sats".

They're redeemable for Bitcoin on Lightning (hard money), and therefore can be used as cash (softer money), so long as the mint has a good reputation. That means that they're less fungible than Lightning because the e-cash from one mint can be more or less valuable than the e-cash from another. If a mint is buggy, offline, or disappears, then the e-cash is unreedemable.

It also means that e-cash is more anonymous than Lightning, and that the sender and receiver's wallets don't need to be online, to transact. Nutzaps now add the possibility of parking transactions one level farther out, on a relay. The same relays that cannot keep npub profiles and follow lists consistent will now do monetary transactions.

What we then have is * a transaction on a relay that triggers * a transaction on a mint that triggers * a transaction on Lightning that triggers * a transaction on Bitcoin.

Which means that every relay that stores the nuts is part of a wildcat banking system. Which is fine, but relay operators should consider whether they wish to carry the associated risks and liabilities. They should also be aware that they should implement the appropriate features in their relay, such as expiration tags (nuts rot after 2 weeks), and to make sure that only expired nuts are deleted.

There will be plenty of specialized relays for this, so don't feel pressured to join in, and research the topic carefully, for yourself.

https://github.com/nostr-protocol/nips/blob/master/60.md https://github.com/nostr-protocol/nips/blob/master/61.md

@ 266815e0:6cd408a5

noStrudel

Released another major version of noStrudel v0.42.0 Which included a few new features and a lot of cleanup

nostr:naddr1qvzqqqr4gupzqfngzhsvjggdlgeycm96x4emzjlwf8dyyzdfg4hefp89zpkdgz99qyghwumn8ghj7mn0wd68ytnhd9hx2tcpzfmhxue69uhkummnw3e82efwvdhk6tcqp3hx7um5wf6kgetv956ry6rmhwr

Blossom

On the blossom front there where a few more PRs - Expanded the documentation around CORS headers in BUD-01 thanks to nostr:npub1a6we08n7zsv2na689whc9hykpq4q6sj3kaauk9c2dm8vj0adlajq7w0tyc - Made auth optional on the /upload endpoint PR - Added a HEAD /media endpoint for BUD-05 PR - Added range request recommendations to BUD-01 PR

With blossom uploads starting to be supported in more nostr clients users where starting to ask where to find a list of blossom servers. so I created a simple nostr client that allows users to post servers and leave reviews blossomservers.com Its still very much a work in progress (needs login and server and review editing) The source is on github

I also started another project to create a simple account based paid blossom server blossom-account-server Unfortunately I got sidetracked and I didn't have the time to give it the attention it needs to get it over the finish line

Smaller projects

• cherry-tree A small app for uploading chunked blobs to blossom servers (with cashu payment support)
• vite-plugin-funding A vite plugin to collect and expose package "funding" to the app
• node-red-contrib-rx-nostr The start of a node-red package for rx-nostr. if your interested please help
• node-red-contrib-applesauce The start of a node-red package for applesauce. I probably wont finish it so any help it welcome

Plans for 2025

I have a few vague ideas of what I want to work on Q1 of 2025. but there are a few things i know for certain.

I'm going to keep refactoring noStrudel by moving core logic out into applesauce and making it more modular. This should make noStrudel more reliable and hopefully allow me to create and maintain more apps with less code

And I'm going to write tests. tests for everything. hopefully tests for all the libraries and apps I've created in 2024. A lot of the code I wrote in 2024 was hacky code to see if things could work. and while its been working pretty well I'm starting to forget the details of of the code I wrote so I cant be sure if it still works or how well it works.

So my solution is to write tests, lots of tests :)

@ 0fa80bd3:ea7325de

intro

The Russian state made me a Bitcoiner. In 1991, it devalued my grandmother's hard-earned savings. She worked tirelessly in the kitchen of a dining car on the Moscow–Warsaw route. Everything she had saved for my sister and me to attend university vanished overnight. This story is similar to what many experienced, including Wences Casares. The pain and injustice of that time became my first lessons about the fragility of systems and the value of genuine, incorruptible assets, forever changing my perception of money and my trust in government promises.

In 2014, I was living in Moscow, running a trading business, and frequently traveling to China. One day, I learned about the Cypriot banking crisis and the possibility of moving money through some strange thing called Bitcoin. At the time, I didn’t give it much thought. Returning to the idea six months later, as a business-oriented geek, I eagerly began studying the topic and soon dove into it seriously.

I spent half a year reading articles on a local online journal, BitNovosti, actively participating in discussions, and eventually joined the editorial team as a translator. That’s how I learned about whitepapers, decentralization, mining, cryptographic keys, and colored coins. About Satoshi Nakamoto, Silk Road, Mt. Gox, and BitcoinTalk. Over time, I befriended the journal’s owner and, leveraging my management experience, later became an editor. I was drawn to the crypto-anarchist stance and commitment to decentralization principles. We wrote about the economic, historical, and social preconditions for Bitcoin’s emergence, and it was during this time that I fully embraced the idea.

It got to the point where I sold my apartment and, during the market's downturn, bought 50 bitcoins, just after the peak price of $1,200 per coin. That marked the beginning of my first crypto winter. As an editor, I organized workflows, managed translators, developed a YouTube channel, and attended conferences in Russia and Ukraine. That’s how I learned about Wences Casares and even wrote a piece about him. I also met Mikhail Chobanyan (Ukrainian exchange Kuna), Alexander Ivanov (Waves project), Konstantin Lomashuk (Lido project), and, of course, Vitalik Buterin. It was a time of complete immersion, 24/7, and boundless hope.

After moving to the United States, I expected the industry to grow rapidly, attended events, but the introduction of BitLicense froze the industry for eight years. By 2017, it became clear that the industry was shifting toward gambling and creating tokens for the sake of tokens. I dismissed this idea as unsustainable. Then came a new crypto spring with the hype around beautiful NFTs – CryptoPunks and apes.

I made another attempt – we worked on a series called Digital Nomad Country Club, aimed at creating a global project. The proceeds from selling images were intended to fund the development of business tools for people worldwide. However, internal disagreements within the team prevented us from completing the project.

With Trump’s arrival in 2025, hope was reignited. I decided that it was time to create a project that society desperately needed. As someone passionate about history, I understood that destroying what exists was not the solution, but leaving everything as it was also felt unacceptable. You can’t destroy the system, as the fiery crypto-anarchist voices claimed.

With an analytical mindset (IQ 130) and a deep understanding of the freest societies, I realized what was missing—not only in Russia or the United States but globally—a Bitcoin-native system for tracking debts and financial interactions. This could return control of money to ordinary people and create horizontal connections parallel to state systems. My goal was to create, if not a Bitcoin killer app, then at least to lay its foundation.

At the inauguration event in New York, I rediscovered the Nostr project. I realized it was not only technologically simple and already quite popular but also perfectly aligned with my vision. For the past month and a half, using insights and experience gained since 2014, I’ve been working full-time on this project.

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/889165

@ d830ee7b:4e61cd62

ในชีวิตประจำวัน เรามักวัดมูลค่าของสิ่งต่างๆ ด้วยหน่วยเงินที่เราคุ้นเคย เช่น บาทหรือดอลลาร์

เราดีใจเมื่อการลงทุนของเรา “เพิ่มขึ้น” ในหน่วยเงินเหล่านั้น ..แต่น้อยคนนักจะหยุดคิดว่าไม้บรรทัดที่เราใช้วัดมูลค่านั้นมีความมั่นคงเพียงใด

หากไม้บรรทัดเองหดสั้นลงเรื่อยๆ สิ่งของที่เราวัดอาจดูเหมือนยาวขึ้นทั้งที่ความจริงไม่ได้เปลี่ยนไปเลย

แนวคิดนี้สะท้อนถึงการวัดมูลค่าทางเศรษฐกิจในหน่วยเงินที่เปลี่ยนแปลงตลอดเวลา และนำเราไปสู่หลักการเรื่อง "ค่าเสียโอกาส" (opportunity cost) ในการลงทุน

เมื่อเราเลือกถือสินทรัพย์ชนิดหนึ่ง เรากำลังสละโอกาสที่จะได้ผลตอบแทนจากอีกชนิดหนึ่งเสมอ

การทำความเข้าใจว่าอะไรเป็นตัววัดมาตรฐานของเราและค่าเสียโอกาสที่ตามมา จึงเป็นจุดเริ่มต้นในการสำรวจมุมมองใหม่ของการประเมินความมั่งคั่ง

ในบริบทนี้.. บิตคอยน์ (Bitcoin) ได้ถูกเสนอขึ้นมาเป็น “มาตรฐาน” ใหม่ในการวัดมูลค่ว เสมือนกับที่ทองคำเคยเป็นมาตรฐานการเงินของโลกในอดีต

หนังสือ The Bitcoin Standard ของ Saifedean Ammous ชวนเราคิดว่า Bitcoin อาจกลายเป็นเหมือน “มาตรฐานทองคำ” ยุคดิจิทัล ที่มารองรับระบบการเงินสากลในอนาคต

เหตุผลสำคัญที่ Bitcoin ถูกมองว่าเป็นเงินตราที่มีความแข็งแกร่ง (sound money) คือคุณสมบัติที่หาได้ยากในเงินสกุลปัจจุบัน

มันมีปริมาณจำกัดตายตัว 21 ล้านหน่วย ไม่มีธนาคารกลางใดสามารถพิมพ์เพิ่มได้ตามใจชอบ

ต่างจากเงินเฟียต (Fiat money) อย่างดอลลาร์ ที่จำนวนเพิ่มขึ้นตลอดเวลาจากนโยบายรัฐ

ผลคือ Bitcoin มีความทนทานต่อภาวะค่าเงินเสื่อมค่าจากเงินเฟ้อ และสามารถรักษามูลค่าได้ในระยะยาวดุจทองคำในอดีต

หลายคนจึงยกให้มันเป็น “Sound Money” หรือเงินที่มั่นคง เชื่อถือได้ในด้านมูลค่าเมื่อเวลาผ่านไป

แนวคิดนี้เองเปิดประตูไปสู่การใช้ Bitcoin เป็นหน่วยวัดเปรียบเทียบมูลค่าสินทรัพย์อื่นๆ เพื่อมองภาพเศรษฐกิจในมุมใหม่

---

ลองจินตนาการกราฟหนึ่งที่นำดัชนีหุ้นชั้นนำอย่าง S&P 500 มาเปรียบเทียบในหน่วย Bitcoin แทนที่จะเป็นดอลลาร์ กราฟนี้จะแสดงให้เราเห็นภาพที่ต่างออกไปอย่างมากจากกราฟปกติที่คุ้นเคย

https://nostr.download/e344db050a8f6b023b2a9c7883560ad8a7be3fc4154d3908cbae3471b970272a.webp

หากย้อนไปช่วงปี 2011

หุ้น S&P 500 อยู่ที่ราว 1,300 จุด ขณะที่บิตคอยน์มีราคายังไม่ถึง 1 ดอลลาร์ นั่นหมายความว่าดัชนี S&P 500 ในเวลานั้นมีมูลค่าประมาณ 1,300 BTC

แต่เมื่อเวลาผ่านไป Bitcoin มีราคาสูงขึ้นมหาศาล ในปี 2021–2022 Bitcoin (เคยพุ่งขึ้นไปแตะหลักหลายหมื่นดอลลาร์ต่อ 1 BTC) ทำให้มูลค่าของ S&P 500 เมื่อวัดในหน่วย BTC กลับกลายเป็นเพียงเศษเสี้ยวของที่เคยเป็น

สมมติ S&P 500 ล่าสุดอยู่แถว 4,000 จุด และราคา BTC อยู่หลักแสนดอลลาร์ ดัชนี S&P 500 ทั้งดัชนีอาจมีค่าไม่ถึง 0.05 BTC ด้วยซ้ำ

ผลลัพธ์ที่สะท้อนออกมาบนกราฟคือเส้นค่าของ S&P 500 (เมื่อวัดด้วย BTC) ที่มีแนวโน้มลดลงเรื่อยๆ ตลอดทศวรรษที่ผ่านมา

แปลความได้ว่า.. บิตคอยน์มีมูลค่าเพิ่มขึ้นเมื่อเทียบกับสินทรัพย์การเงินดั้งเดิมอย่างหุ้น

ถึงขั้นที่... การถือ Bitcoin ไว้ให้ผลตอบแทนดีกว่าการลงทุนในดัชนีหุ้นใหญ่เสียอีกในช่วงเวลาที่ผ่านมา

แม้จะฟังดูเหลือเชื่อ แต่นี่คือภาพที่ข้อมูลได้บอกเรา.. ในมุมมองของมาตรฐาน Bitcoin ตลาดหุ้นสหรัฐฯ ที่ว่าทำผลตอบแทนโดดเด่น ยังดูซีดเซียวลงในทันที

ข้อมูลในช่วงสิบปีให้หลังตอกย้ำภาพนี้อย่างชัดเจน ผลตอบแทนของ Bitcoin เหนือกว่าสินทรัพย์แทบทุกชนิดที่เรารู้จักในยุคปัจจุบัน

ในเชิงตัวเลข Bitcoin ให้ผลตอบแทนเฉลี่ยต่อปีราว 230% ตลอดทศวรรษ 2011–2021 ขณะที่ดัชนี S&P 500 ซึ่งขึ้นชื่อว่าให้ผลตอบแทนดีสม่ำเสมอ ยังมีค่าเฉลี่ยผลตอบแทนต่อปีประมาณ 10% กว่าๆ เท่านั้นเอง เมื่อนำมาคำนวณทบต้น

นั่นหมายความว่า.. ในช่วงเวลาประมาณ 10 ปีที่ผ่านมา มูลค่าของ Bitcoin เพิ่มขึ้นหลักหลายหมื่นเปอร์เซ็นต์ ในขณะที่ S&P 500 เพิ่มขึ้นเพียงไม่กี่ร้อยเปอร์เซ็นต์

ผลต่างระดับนี้ใหญ่พอที่จะเปลี่ยนวิธีที่เรามองความสำเร็จในการลงทุนไปเลยทีเดียว

มีการสังเกตด้วยว่าเพียงช่วงห้าปีหลังสุด ดัชนี S&P 500 สูญเสียมูลค่าประมาณเกือบ 90% หากวัดในหน่วยของบิตคอยน์

พูดอีกอย่างคือ..

ในสายตาของคนที่ถือ Bitcoin ไว้เป็นเกณฑ์ "เงิน 100 บาทที่ลงทุนในหุ้นเมื่อต้นช่วงเวลาดังกล่าว จะเหลือมูลค่าเพียงประมาณ 10 บาทเท่านั้นในปัจจุบัน* (เพราะ 90 บาทที่เหลือคือค่าเสียโอกาสที่หายไปเมื่อเทียบกับการถือ Bitcoin)

มุมมองแบบนี้ชวนให้เราตั้งคำถามว่า ที่ผ่านมาสินทรัพย์ที่ดูเหมือนมั่นคงปลอดภัย อาจไม่ปลอดภัยอย่างที่คิดเมื่อประเมินด้วยบรรทัดฐานใหม่

การเปรียบเทียบข้างต้นยังสะท้อนถึง ปัญหาการเสื่อมค่าของเงินเฟียต ซึ่งเราคุ้นเคยแต่บางครั้งมองข้ามความร้ายกาจของมัน

เงินดอลลาร์สหรัฐซึ่งเป็นสกุลเงินหลักของโลก สูญเสียอำนาจซื้อไปแล้วกว่า 96% ตั้งแต่ปี 1913 จนถึงปัจจุบัน (กล่าวคือ เงิน 1 ดอลลาร์ในสมัยนั้นมีค่าพอๆ กับเงินเกือบ 30 ดอลลาร์ในปัจจุบัน)

การที่ค่าเงินด้อยค่าลงเรื่อยๆ แบบนี้หมายความว่า ตัวเลขราคาในหน่วยเงินเฟียตอาจเพิ่มขึ้นทั้งที่มูลค่าที่แท้จริงไม่เพิ่ม

ยกตัวอย่างเช่น ดัชนี S&P 500 ทำจุดสูงสุดใหม่เป็นประวัติการณ์ในหน่วยดอลลาร์สหรัฐอยู่บ่อยครั้ง แต่หากปรับค่าด้วยปัจจัยเงินเฟ้อหรือปริมาณเงินที่พิมพ์เพิ่มเข้าไป เราจะพบว่ามูลค่าที่แท้จริงของดัชนีนี้ไม่ได้เพิ่มขึ้นมากอย่างที่เห็น

บางการวิเคราะห์ชี้ว่าหลังวิกฤตการเงินปี 2008 เป็นต้นมา แม้ดัชนี S&P 500 ในตัวเลขจะพุ่งขึ้นไม่หยุด แต่เมื่อหารด้วยปริมาณเงินที่เพิ่มขึ้น (เช่น M3) เส้นกราฟที่ได้กลับแทบไม่สูงไปกว่าจุดก่อนวิกฤตเลยด้วยซ้ำ

หมายความว่า.. ที่ราคาหุ้นสูงขึ้น ส่วนใหญ่ก็เพื่อไล่ตามสภาพคล่องเงินที่ไหลเข้าระบบเท่านั้น ไม่ได้สะท้อนการเติบโตแท้จริงของเศรษฐกิจมากนัก

เงินเฟ้อและการขยายตัวของปริมาณเงินจึงเปรียบเสมือน “หมอก” ที่บังตา ทำให้เรามองไม่ชัดว่าสิ่งใดเพิ่มมูลค่าแท้จริง สิ่งใดแค่ตัวเลขฟูขึ้นตามสกุลเงินที่ด้อยค่าลง

เมื่อ Bitcoin ถูกใช้เป็นหน่วยวัดเปรียบเทียบ มันทำหน้าที่เสมือนกระจกใสที่กวาดเอาหมอกเงินเฟ้อนั้นออกไป เราจึงเห็นภาพที่ต่างไปโดยสิ้นเชิง

เช่นเดียวกับกรณีที่เราเปรียบเทียบราคาสินค้าโภคภัณฑ์บางอย่างในหน่วย BTC ผลลัพธ์ก็อาจกลับทิศ

การทดลองหนึ่งของธนาคารเฟด สาขาเซนต์หลุยส์ เคยเล่นเปรียบเทียบราคา “ไข่ไก่หนึ่งโหล” ในหน่วยดอลลาร์กับในหน่วยบิตคอยน์

ปรากฏว่า... แม้ต้องการจะชี้ให้เห็นความผันผวนของ Bitcoin แต่ดันกลับตอกย้ำความจริงที่ว่า ในช่วงเงินเฟ้อสูง ราคาฟองไข่ที่ดูเพิ่มขึ้นเรื่อยๆ ในหน่วยดอลลาร์ จริงๆ แล้วทรงตัวหรือลดลงด้วยซ้ำเมื่อคิดเป็น BTC

นี่เป็นตัวอย่างสนุกๆ ที่บอกเราว่า กรอบอ้างอิง (frame of reference) ในการวัดมูลค่านั้นสำคัญเพียงใด

แน่นอนว่า Bitcoin เองก็มีความผันผวนสูงและยังอยู่ในช่วงเริ่มต้นเมื่อเทียบกับสินทรัพย์ดั้งเดิม

การที่มันพุ่งทะยานหลายหมื่นเปอร์เซ็นต์ที่ผ่านมาไม่ได้รับประกันว่ากราฟในหน่วย BTC ของสินทรัพย์ต่างๆ จะดิ่งลงอย่างนี้ไปตลอด

แต่สิ่งที่เกิดขึ้นแล้วได้ให้แง่คิดทางปรัชญาการเงินที่ลึกซึ้งกับเรา

อย่างแรกคือเรื่อง ค่าเสียโอกาส ที่กล่าวถึงตอนต้น ทุกการตัดสินใจทางการเงินมีต้นทุนค่าเสียโอกาสแฝงอยู่เสมอ เพียงแต่เมื่อก่อนเราอาจไม่เห็นมันชัดเจน

การเก็บออมเงินสดไว้เฉยๆ ในธนาคารมีต้นทุนคือผลตอบแทนที่สูญไปหากเราเลือกลงทุนอย่างอื่น การลงทุนในสินทรัพย์ A ก็ย่อมหมายถึงการไม่ได้ลงทุนในสินทรัพย์ B

หาก B นั้นให้ผลตอบแทนสูงกว่า เราก็สูญเสียส่วนต่างนั้นไป

สิบกว่าปีที่ผ่านมา Bitcoin ทำผลงานได้เหนือชั้นกว่าสินทรัพย์อื่นๆ มาก ค่าเสียโอกาสของการไม่ถือ Bitcoin จึงสูงลิ่วในช่วงนี้

สำหรับนักลงทุนที่มองย้อนกลับไป นี่คือบทเรียนราคาแพง บางคนอาจนึกเสียดายว่า “รู้งี้ซื้อบิตคอยน์ไว้ตั้งแต่แรกซะก็ดี”

แต่ประเด็นไม่ได้อยู่ที่การเสียดายอดีต แต่อยู่ที่ การตระหนักรู้ถึงค่าเสียโอกาสและผลกระทบของมันที่มีต่อความมั่งคั่งของเราในระยะยาว ต่างหาก

อีกแง่หนึ่งที่ลึกกว่านั้นคือเรื่อง กรอบในการวัดมูลค่า ของเราทุกวันนี้ว่าเหมาะสมแล้วหรือไม่

หากการที่เราใช้เงินเฟียตที่เสื่อมค่าเป็นตัววัด ทำให้เราประเมินค่าของสิ่งต่างๆ ผิดเพี้ยนไป การตัดสินใจทางเศรษฐกิจของเราก็อาจผิดทิศทางในระยะยาวได้

ลองนึกภาพว่า.. ถ้าเงินที่เราใช้อยู่มีมูลค่าเสถียรหรือเพิ่มขึ้นตามประสิทธิภาพการผลิตจริงๆ ของเศรษฐกิจ (เหมือนที่เงิน Bitcoin ถูกออกแบบมาให้ไม่เสื่อมค่าไปตามกาลเวลา) เราอาจไม่จำเป็นต้องวิ่งไล่หาผลตอบแทนสูงๆ เพียงเพื่อรักษามูลค่าเงินออมของตัวเองให้ทันเงินเฟ้อ

ผู้คนอาจวางแผนการเงินระยะยาวขึ้น แนวคิดเรื่อง “เวลาที่ต้องใช้” กับ “อัตราส่วนลดของอนาคต” (time preference) ก็จะเปลี่ยนไป

ดังที่ Ammous กล่าวไว้ใน The Bitcoin Standard ว่าเงินที่มีเสถียรภาพจะส่งเสริมให้คนออมและลงทุนในโครงการระยะยาวมากขึ้น ผิดกับระบบเงินเฟ้อที่ชักจูงให้ผู้คนรีบใช้จ่ายหรือเข้าร่วมเก็งกำไรระยะสั้นเพราะกลัวว่าเงินจะด้อยค่าไป

นี่ไม่ใช่แค่เรื่องการเงินส่วนบุคคล แต่สะท้อนถึงคุณภาพของการเติบโตทางเศรษฐกิจและนวัตกรรมในสังคมโดยรวมด้วย

หากเรามีหน่วยวัดมูลค่าที่เที่ยงตรง ไม่บิดเบือนไปตามนโยบายการเงินรายวัน เราก็อาจประเมินโครงการต่างๆ ได้ตามศักยภาพที่แท้จริงมากขึ้น เงินเฟ้อและการพิมพ์เงินจำนวนมากมักทำให้เกิดการลงทุนผิดที่ผิดทาง (malinvestment) เพราะสัญญาณราคาถูกบิดเบือน

เช่น ดอกเบี้ยที่ต่ำผิดปกติอาจทำให้เกิดหนี้ล้นเกินหรือลงทุนในโครงการที่ไม่ยั่งยืน

ในขณะที่มาตรฐานเงินที่เข้มงวดอย่าง Bitcoin อาจบังคับให้ทุกการลงทุนต้องมีเหตุผลรองรับที่แข็งแรงขึ้น เนื่องจากไม่สามารถอาศัยการอัดฉีดสภาพคล่องมาช่วยพยุงได้ง่ายๆ

เมื่อมาถึงตรงนี้..

เราอาจไม่ได้ข้อสรุปทันทีว่า “ต่อไปนี้ฉันควรถือ Bitcoin แทนที่จะลงทุนอย่างอื่น” และบทความนี้ก็ไม่ได้มีเจตนาจะชี้นำการลงทุนเช่นนั้น

เป้าหมายแท้จริงคือการเปิดมุมมองใหม่ว่า เราประเมินคุณค่าของสิ่งต่างๆ อย่างไร

ลองตั้งคำถามกับตัวเองว่า..

ทุกวันนี้เราวัดความร่ำรวยหรือความก้าวหน้าทางเศรษฐกิจด้วยหน่วยอะไร หน่วยนั้นวัดได้เที่ยงตรงหรือเปล่า?

หากเงินที่เราใช้วัดเองลดค่าลงทุกปีๆ เราจะมั่นใจได้อย่างไรว่าตัวเลขที่เพิ่มขึ้นบนกระดาษคือความมั่งคั่งที่เพิ่มขึ้นจริง?

การใช้ Bitcoin เป็นมาตรฐานเทียบเคียง เป็นเสมือนการลองวัดด้วยไม้บรรทัดอีกอันที่อาจตรงกว่าเดิม

ในหลายกรณีมันเผยให้เห็นภาพที่เราคาดไม่ถึงและท้าทายความเชื่อเดิมๆ ของเรา

บทเรียนที่ได้รับไม่ใช่ให้เราทุกคนเปลี่ยนไปคิดเป็น BTC ในชีวิตประจำวันทันที แต่คือการตระหนักว่า หน่วยวัดมีความหมาย และการมองโลกการเงินด้วยหน่วยวัดที่ต่างออกไปสามารถให้ข้อคิดที่ลึกซึ้งได้อย่างไร

ท้ายที่สุด ไม่ว่าจะเชื่อใน “มาตรฐานบิตคอยน์” หรือไม่นั้น ไม่สำคัญเท่ากับการที่เราได้ฉุกคิดและตั้งคำถามกับระบบที่เราใช้อยู่ทุกเมื่อเชื่อวัน

บางทีสิ่งที่ Bitcoin และปรัชญาการเงินแบบใหม่ๆ นำมาให้เรา อาจไม่ใช่คำตอบสำเร็จรูป แต่คือแรงกระตุ้นให้เราเปิดใจมองภาพใหญ่ของเศรษฐกิจในมุมที่กว้างขึ้น

ลองพิจารณาปัจจัยพื้นฐานอย่างค่าเงิน เวลา และโอกาสที่สูญเสียไปกับการตัดสินใจต่างๆ อย่างรอบด้านขึ้น

เมื่อเราเริ่มมองเห็นว่าการวัดมูลค่าของสิ่งต่างๆ ด้วย ไม้บรรทัดที่ต่างออกไป ให้อะไรเราได้บ้าง เราก็จะพร้อมที่จะปรับมุมมองและกลยุทธ์การเงินของตนเองให้เท่าทันโลกที่เปลี่ยนแปลงเสมอ

ไม่แน่ว่าในอนาคต เราอาจได้เห็นผู้คนพูดถึงราคาบ้านหรือดัชนีหุ้นในหน่วยบิตคอยน์อย่างเป็นเรื่องปกติ และการคิดเช่นนั้นอาจไม่ใช่เรื่องแปลกใหม่อีกต่อไป

เพราะเราได้เรียนรู้ที่จะมองผ่านเปลือกของหน่วยเงิน ไปสู่แก่นแท้ของมูลค่าจริงๆ ที่อยู่เบื้องหลังนั่นเอง

ขอบคุณ Thai Ratel สำหรับความกระจ่างในการวัดมูลค่าสินทรัพย์ต่าง ๆ ด้วยบิตคอยน์

@ 16d11430:61640947

The holy grail of software development isn’t just writing code—it’s writing good code in a state of pure cognitive clarity. That moment when the mind operates at peak efficiency, when debugging is intuitive, and when abstractions form with effortless precision. This is the flow state, the intersection of deep focus and high cognitive throughput, where time distorts, distractions dissolve, and productivity skyrockets.

But flow doesn’t happen on command. It’s not a switch you flip—it’s a state that requires cultivation, discipline, and an understanding of what to do outside of flow to extend and intensify the time inside of it.

Understanding Flow in Programming

Flow is a psychological state described by Mihaly Csikszentmihalyi, where people are fully immersed in an activity, experiencing deep focus, clear goals, and intrinsic motivation. In programming, flow is more than just focus—it’s a state where:

Code becomes a natural language, and syntax errors fade into the subconscious.

Bugs reveal themselves intuitively before they cause major issues.

Solutions appear as if they were waiting to be discovered.

However, the challenge isn’t just getting into flow—it’s staying in flow longer and increasing the intensity of that state. Many developers struggle with this because modern work environments are designed to pull them out of it—interruptions, meetings, notifications, and context switches all work against deep work.

Why Flow is Hard to Maintain

The key limitation of flow isn’t just time—it’s cognitive energy. You can’t sustain high-intensity flow indefinitely because:

1. Flow Requires a Build-Up – You don’t start in deep flow; it takes warm-up time. If you’re constantly switching contexts, you never get past the shallow stages of focus.

2. Cognitive Fatigue Kicks In – Just like physical endurance, mental endurance wears down over time. High-intensity cognition depletes willpower, working memory, and problem-solving efficiency.

3. External Interruptions Break the Cycle – Every time you respond to a message, check an email, or attend an unplanned meeting, you disrupt the delicate mental stack that flow relies on.

Expanding Flow: The Out-of-Flow Preparation Phase

To maximize flow, you must structure your out-of-flow time to support your inflow time. This means making low-bandwidth, low-intensity activities serve the function of preserving cognitive resources for when they are needed most.

1. Prime the Mind Beforehand

Preload the problem: Before entering flow, read through relevant code, documentation, or problem statements, even if you don’t start coding. Let the subconscious chew on it.

Use sleep strategically: Review complex issues before sleeping—your brain continues working on them passively overnight.

Journal ideas: Keep a scratchpad for incomplete thoughts and patterns that need to be explored later. This prevents cognitive drift when you re-enter deep work.

1. Reduce Cognitive Load Outside of Flow

Automate the trivial: Reduce low-value decision-making by scripting repetitive tasks, automating builds, and using shortcuts.

Optimize workspace: Remove unnecessary distractions, use dark themes to reduce eye strain, and fine-tune your dev environment.

Minimal communication: Asynchronous work models (like using GitHub issues or structured documentation) prevent unnecessary meetings.

1. Use Active Recovery to Extend Flow Durations

Exercise between flow sessions: Short walks, stretching, or kettlebell swings help reset the nervous system.

Use Indian clubs or a gyro ball: Engaging the wrists and forearms with rhythmic exercises improves circulation and keeps the hands limber.

Engage in passive problem-solving: Listen to low-intensity technical podcasts, read about related topics, or sketch diagrams without the pressure of immediate problem-solving.

1. Manage Energy and Stamina

Control caffeine intake: Small, steady doses of caffeine (e.g., green tea or microdosed coffee) sustain focus longer than a single heavy hit.

Eat for cognitive endurance: Avoid sugar crashes; prioritize protein, healthy fats, and slow-digesting carbs.

Cold exposure and breathwork: Techniques like the Wim Hof method or contrast showers can help maintain alertness and focus.

Maximizing In-Flow Performance

Once in flow, the goal is to stay there as long as possible and increase intensity without burnout.

1. Work in High-Resolution Time Blocks

90-minute deep work cycles: Research suggests the brain works optimally in ultradian rhythms, meaning cycles of 90 minutes of intense focus followed by a 15–20 minute break.

Use timers: Time tracking (e.g., Pomodoro) helps prevent unconscious fatigue. However, don’t stop flow artificially—only use timers to prevent shallow focus work.

1. Reduce Interruptions Ruthlessly

Go offline: Disable notifications, block distracting sites, and use airplane mode during deep work.

Use noise-canceling headphones: Even if you don’t listen to music, noise isolation helps maintain focus.

Batch all non-coding activities: Emails, Slack messages, and meetings should be handled in predefined blocks outside of deep work hours.

1. Optimize Mental Bandwidth

Use text-based reasoning: Writing pseudocode or rubber-duck debugging prevents mental overload.

Talk through problems out loud: The act of verbalizing a complex issue forces clarity.

Engage in deliberate problem-solving: Instead of brute-forcing solutions, work from first principles—break problems down into the smallest testable units.

Scaling Flow: Beyond Individual Productivity

Flow isn’t just an individual challenge—it can be optimized at the team level:

Flow-friendly scheduling: Companies should avoid scheduling meetings during peak productive hours (e.g., morning blocks).

Pair programming strategically: While pair programming can improve code quality, it can also break deep focus. Use it wisely.

Minimize process friction: Too much bureaucracy or excessive agile ceremonies kill momentum. Lean processes help maintain deep work culture.

The Final Goal: High-Intensity Flow as the Default State

Ultimately, a programmer’s most valuable skill isn’t just technical proficiency—it’s the ability to engineer their own mind for sustained, high-intensity flow. When flow is prolonged and intensified, an hour of deep work can replace an entire week of shallow, distracted effort.

The key is not just working more—it’s working smarter, structuring out-of-flow time so that when flow begins, it reaches peak intensity and lasts as long as possible. By systematically designing both low-intensity and high-intensity work, programmers can transform sporadic flow into a continuous, deliberate, high-performance workflow.

In the end, peak developers aren’t just coders—they are architects of their own mental states.

@ 9e69e420:d12360c2

Vice President J.D. Vance addressed the Munich Security Conference, criticizing European leaders for undermining free speech and traditional values. He claimed that the biggest threat to Europe is not from external enemies but from internal challenges. Vance condemned the arrest of a British man for praying near an abortion clinic and accused European politicians of censorship.

He urged leaders to combat illegal immigration and questioned their democratic practices. “There is a new sheriff in town,” he said, referring to President Trump. Vance's remarks were unexpected, as many anticipated discussions on security or Ukraine. His speech emphasized the need for Europe to share the defense burden to ensure stability and security.

@ da0b9bc3:4e30a4a9

Hello Stackers!

It's Monday so we're back doing "Meta Music Mondays" 😉.

From before the territory existed there was just one post a week in a ~meta take over. Now each month we have a different theme and bring music from that theme.

Welcome to Femmes Fatales 3!!!

I absolutely loved doing this last year so I'm bringing it back for round 3!

It's Femmes Fatales, where we celebrate women in ~Music. So let's have those ladies of the lung, the sirens of sound, our Femmes Fatales!

Man! I Feel like a Woman! Shania Twain!

https://youtu.be/ZJL4UGSbeFg?si=ClexJCLdrpDg1RRG

Talk Music. Share Tracks. Zap Sats.

originally posted at https://stacker.news/items/888248

@ e3ba5e1a:5e433365

My favorite line in any Marvel movie ever is in “Captain America.” After Captain America launches seemingly a hopeless assault on Red Skull’s base and is captured, we get this line:

“Arrogance may not be a uniquely American trait, but I must say, you do it better than anyone.”

Yesterday, I came across a comment on the song Devil Went Down to Georgia that had a very similar feel to it:

America has seemingly always been arrogant, in a uniquely American way. Manifest Destiny, for instance. The rest of the world is aware of this arrogance, and mocks Americans for it. A central point in modern US politics is the deriding of racist, nationalist, supremacist Americans.

That’s not what I see. I see American Arrogance as not only a beautiful statement about what it means to be American. I see it as an ode to the greatness of humanity in its purest form.

For most countries, saying “our nation is the greatest” is, in fact, twinged with some level of racism. I still don’t have a problem with it. Every group of people should be allowed to feel pride in their accomplishments. The destruction of the human spirit since the end of World War 2, where greatness has become a sin and weakness a virtue, has crushed the ability of people worldwide to strive for excellence.

But I digress. The fears of racism and nationalism at least have a grain of truth when applied to other nations on the planet. But not to America.

That’s because the definition of America, and the prototype of an American, has nothing to do with race. The definition of Americanism is freedom. The founding of America is based purely on liberty. On the God-given rights of every person to live life the way they see fit.

American Arrogance is not a statement of racial superiority. It’s barely a statement of national superiority (though it absolutely is). To me, when an American comments on the greatness of America, it’s a statement about freedom. Freedom will always unlock the greatness inherent in any group of people. Americans are definitionally better than everyone else, because Americans are freer than everyone else. (Or, at least, that’s how it should be.)

In Devil Went Down to Georgia, Johnny is approached by the devil himself. He is challenged to a ridiculously lopsided bet: a golden fiddle versus his immortal soul. He acknowledges the sin in accepting such a proposal. And yet he says, “God, I know you told me not to do this. But I can’t stand the affront to my honor. I am the greatest. The devil has nothing on me. So God, I’m gonna sin, but I’m also gonna win.”

Libertas magnitudo est

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/888083

@ d830ee7b:4e61cd62

In our daily lives, we often measure the value of things using familiar monetary units such as baht or dollars. We feel delighted when our investments "increase" in these units.

However, few people stop to consider how stable the measuring stick itself is. If the ruler we use to measure value keeps shrinking, the objects we measure may appear longer, even though their actual size remains unchanged. This concept reflects the way we assess economic value in constantly changing monetary units, leading us to the principle of opportunity cost in investment: when we choose to hold one type of asset, we are always giving up the opportunity to earn returns from another.

Understanding what serves as our standard measure and the opportunity costs that come with it is the first step toward exploring a new perspective on wealth assessment.

In this context, Bitcoin has been proposed as a new "standard" for measuring value, much like gold once served as the global financial standard in the past. Some view Bitcoin as the "digital gold standard" that could support the international financial system in the future.

A key reason Bitcoin is considered "sound money" is its rarity—something modern currencies lack. Its supply is permanently capped at 21 million units, meaning no central bank can print more at will. This contrasts with fiat money, such as the dollar or baht, which constantly increases in supply due to government policies.

As a result, Bitcoin is resistant to inflation-induced depreciation and can retain its value over the long term, much like gold in the past. Many therefore consider it "sound money"—a form of currency that is stable and reliable in preserving value over time.

This idea opens the door to using Bitcoin as a benchmark for comparing the value of other assets, offering a fresh perspective on the economy.

Imagine a graph that compares the leading stock index, the S&P 500, in Bitcoin terms instead of dollars. This graph would reveal a drastically different picture from the conventional charts we are familiar with. Looking back to 2011, the S&P 500 was around 1,300 points, while Bitcoin was priced at less than $1.

This means the S&P 500 index was valued at approximately 1,300 BTC at the time. However, as Bitcoin's price surged over the years—reaching tens of thousands of dollars per BTC in 2021–2022—the value of the S&P 500, when measured in BTC, shrank dramatically.

Suppose the S&P 500 currently stands at around 4,000 points, while Bitcoin is priced at six figures in dollars. The entire S&P 500 index might be worth less than 0.05 BTC.

The resulting graph would show a consistent downward trend in the S&P 500's value (when measured in BTC) over the past decade.

This means Bitcoin has appreciated relative to traditional financial assets like stocks—to the extent that simply holding Bitcoin has outperformed investing in major stock indices.

As surprising as this may seem, the data tells this story: from the perspective of a Bitcoin standard, even the high-performing U.S. stock market appears lackluster.

Data from the past decade reinforces this view. Bitcoin has outperformed nearly every asset class known today. In numerical terms, Bitcoin delivered an average annual return of approximately 230% from 2011 to 2021, whereas the S&P 500, which is renowned for its consistent performance, achieved an average annual return of just over 10%.

When compounded over time, this means Bitcoin's value increased by tens of thousands of percent over the past decade, while the S&P 500's value rose by only a few hundred percent.

The magnitude of this difference is significant enough to reshape how we perceive investment success. Observations also indicate that in just the past five years, the S&P 500 has lost nearly 90% of its value when measured in Bitcoin.

In other words, for someone using Bitcoin as their benchmark, a 100-baht investment in stocks at the beginning of this period would be worth only about 10 baht today—the remaining 90 baht representing the opportunity cost of not holding Bitcoin.

This perspective challenges our assumptions about the stability of supposedly safe assets when evaluated under a new standard.

This comparison also highlights the issue of fiat currency depreciation—something we are familiar with but often underestimate. The U.S. dollar, the world's primary reserve currency, has lost over 96% of its purchasing power since 1913.

This means that what $1 could buy back then now requires nearly $30. This ongoing depreciation implies that prices in fiat terms may rise even when real value does not. For example, the S&P 500 frequently reaches all-time highs in U.S. dollar terms.

However, when adjusted for inflation or money supply expansion, its real value has not increased as much as it seems. Some analyses suggest that since the 2008 financial crisis, although the S&P 500's nominal value has surged, when divided by the expanding money supply (such as M3), its graph remains largely unchanged from pre-crisis levels.

This suggests that stock prices have risen primarily in response to liquidity injections rather than genuine economic growth. Inflation and monetary expansion act like a "fog," obscuring our ability to discern real value from mere numerical increases.

When Bitcoin is used as a comparative unit, it acts as a clear lens that removes this inflationary fog, revealing a completely different picture.

The same applies when comparing commodity prices in BTC. A notable experiment by the St. Louis Federal Reserve once examined the price of "a dozen eggs" in both dollars and Bitcoin. While the study aimed to highlight Bitcoin’s volatility, it inadvertently reinforced the point that during periods of high inflation, the price of eggs, which seemed to rise continuously in dollars, actually remained stable or even declined in BTC terms.

This amusing example illustrates the profound impact of measurement standards.

Of course, Bitcoin itself is highly volatile and still in its early stages compared to traditional assets. Its meteoric rise over the past decade does not guarantee that all asset graphs in BTC terms will continue declining indefinitely. However, what has already transpired provides deep financial insights.

The first takeaway is the concept of opportunity cost mentioned earlier—every financial decision has an inherent cost, even if we do not always recognize it. Holding cash in a bank carries the opportunity cost of the returns one could earn by investing elsewhere. Investing in asset A means missing out on asset B, and if B delivers higher returns, we incur that loss.

Over the past decade, Bitcoin has outperformed all other assets by a wide margin, making the opportunity cost of not holding Bitcoin extremely high. Investors looking back on this period might regret not having bought Bitcoin earlier, but the key lesson is not about dwelling on past decisions—it is about becoming aware of opportunity costs and their long-term impact on wealth.

On a deeper level, this discussion raises questions about whether our current valuation framework is truly appropriate. If using a depreciating fiat currency as a benchmark distorts our perception of value, our economic decisions may be misaligned in the long run.

Imagine a scenario where money retains or even appreciates in value in line with real economic productivity (as Bitcoin was designed to do). In such a system, people would not need to chase high returns merely to preserve their savings from inflation. They could plan finances with a longer-term perspective. Concepts like "time preference" and "discounting the future" would shift.

It is often argued that sound money encourages saving and long-term investment, whereas inflationary systems push people toward short-term spending or speculation out of fear that their money will lose value.

This is not just a matter of personal finance but a fundamental influence on the quality of economic growth and innovation. A sound money standard like Bitcoin might enforce stricter investment discipline, as liquidity injections could no longer be used as a safety net for unsustainable projects.

At this point, readers may not conclude that they should immediately hold Bitcoin instead of investing in other assets—and this article is not intended as investment advice. Its real purpose is to provoke thought about how we measure value.

Ask yourself: What unit do we use to gauge wealth and economic progress? Is that unit reliable?

If the money we use for measurement loses value every year, how can we be sure that increasing numbers on paper reflect true wealth growth?

Using Bitcoin as a reference standard is like measuring with a new ruler—one that may be more accurate. In many cases, it reveals unexpected insights and challenges long-held beliefs.

Ultimately, whether or not one believes in the "Bitcoin standard" is less important than the ability to critically examine the system we rely on daily.

Perhaps the greatest value Bitcoin and new financial philosophies offer is not a definitive answer but the impetus to look at the bigger economic picture with fresh eyes.

Thank you, Thai Ratel, for enlightening me on this topic!

Jakk Goodday.

@ bf47c19e:c3d2573b

Originalni tekst na medium.com.

Autor: Aleksandar Svetski / Prevod: ₿itcoin Serbia

---

Nemojte kupovati Bitkoin!

Ni danas, ni kasnije, nikada!

Posvećeno skepticima, neznalicama, arogantnima i nezainteresovanima.

NE TREBA vam Bitkoin.

Molim vas. Nemojte ga kupovati.

Lično me ne zanima "masovna adopcija".

Draža mi je selektivna adopcija.

Svinja ne zaslužuje bisere.

Na vama je da platite cenu neznanja.

Kao i cenu glupavosti.

Kada dođe vreme, sa zadovoljstvom ću vam platiti hiljadu satošija mesečno za vaše vreme i smejati se usput.

Najbitnija odluka koju ćete ikada doneti

NEMA važnije odluke za vašu finansijsku, ekonomsku i suverenu budućnost koju danas možete doneti nego da kupite Bitkoin.

A ako ne želite da izdvojite malo vremena da ga dalje proučite, JEDINA osoba koju treba da krivite kasnije ste vi sami.

Danas, Bitkoin se nalazi u svojoj ranoj, početnoj fazi. O ovome možete više pročitati ovde (hvala ObiWan Kenobit):

Hiperbitkoinizacija: pobednik uzima sve

Ovo JE prilika ne samo vašeg života, već verovatno i najveći mogući transfer bogatstva u istoriji, a najluđa stvar je što će se najveći deo toga odigrati u narednih nekoliko decenija.

Nalazimo se tek u prvih 12 godina ove promene, a već smo videlo kako je Bitkoin eksplodirao sa $0.008c (kada su za 10.000 BTC kupljene dve pice) na trenutnu cenu od oko $11.500.

Ovo je tek početak. Tek 0.001% svetskog bogatstva je denominirano u Bitkoinu.

Ako sada izdvojite samo trenutak da razumete novac, njegovu ulogu u društvu i kako će ekonomski darvinizam voditi ceo svet prema najrobusnijem, najčvršćem i najsigurnijem obliku očuvanja bogatstva, možete odlučiti da kupite neki deo pre nego što se ostatak sveta priključi.

Čitajući ovo, vi ste poput drevnog pojedinca koji je pronašao zlato, dok svi ostali koriste školjke. Razlika je u tome što živite u digitalnom dobu tokom kojeg će se ovaj novac pojaviti i sazreti za vreme vašeg života. Taj drevni pojedinac bi bio u pravu ali mrtav zato što je zlatu bilo potrebno nekoliko hiljada godina da uradi ono za šta će Bitkoinu biti potrebne decenije.

Zamislite. Se. Nad. Tim.

I naučite dalje o nastanku Bitkoina ovde:

Zašto je Bitkoin važan

I za ime ljubavi prema sopstvenoj budućnosti, preuzmite ovu kratku elektronsku knjigu i jebeno se edukujte!!

Preuzmite "Investiranje u Bitkoin"

I eto, dajem vam izvore.. jbt.. Svejedno...

Danas, imate izbor da kupite Bitkoin; najoskudniji novac u univerzumu, za siću!! Bukvalno možete kupiti hiljade satošija (najmanju jedinicu Bitkoina gde je 100.000.000 satošija = 1 BTC) za $1!!!

Danas ne postoji veća prilika, kao što sutradan neće postojati veće žaljenje kada više ne budete imali "izbor" da ga kupite.

Kada taj dan bude došao i kada budete to morali da prihvatite, setićete se ovih reči, ali avaj, biće prekasno, a vreme ne možete vratiti.

Više nije 2012

Tada ste imali izgovor. Sada je 2020...

Apsolutno NEMA razloga zašto neko sa malo radoznalosti i relativno funkcionalnim mozgom ne može da prouči šta je Bitkoin, zašto postoji, zašto je važan i zašto bi trebalo da u njega prebaci malo ličnog bogatstva.

Naročito ako ima prijatelja poput mene ili mnoštvo Bitkoinera negde tamo.

Ja više neću smarati ljude sa porukama "zašto treba kupiti Bitkoin".

Više nije 2012. godina.

Danas imamo toliko puno informacija od toliko mnogo dobrih ljudi na svim mogućim medijima, tako da NEMATE IZGOVORA da ga ignorišete ili kažete: "ali niko mi nije rekao".

Ukoliko nemate da izdvojite bar malo vremena od vašeg Netflix rasporeda da biste istražili šta je ova stvar i zašto je bitna za vašu ličnu ekonomsku budućnost, onda zaslužujete to što imate.

Deluje okrutno ali dobrodošao u život, mladi žutokljunče.

Sada... Ako ste izdvojili malo vremena ali ste i dalje nezainteresovani ili dovoljno glupi da ga odbacite, onda zaista zaslužujete to što dolazi i ostatak ovog članka je definitivno za vas.

Ne želim da uopšte kupite Bitkoin!

Ok Aleks, ali šta ćemo sa "masovnom adopcijom"???

Pažljivo me slušajte:

Zabole me kurac da li će masovna adopcija doći za 10, 20, 50 ili 100 godina!

Ja sam skroz za selektivnu adopciju i potpuno za dugačku igru. Tako da sam spreman da čekam.

Kao u SVIM prirodnim, evolutivno funkcionalnim sistemima, oni koji seju i pomažu u izgradnji temelja bi trebalo da budu i nesrazmerno nagrađeni.

Ovo je 100% fer i predivno nejednako (neki od vas koji me znate ste upoznati sa mojim stavom o nejednakosti kao najprezrenijem od svih ljudskih ideala. Radi se o odvratnom idealu koji nagrađuje najgore među nama).

Tako da za skeptike i "neverne Tome" imam jednostavnu poruku:

Nadam se da nećete uopšte kupiti Bitkoin. Ni danas ni bilo kada. Nadam se da će jedini put kada budete stupili u dodir sa Bitkoinom to biti jedini način da za nešto budete isplaćeni; npr. kada budete morali da ga zaradite.

Jedva čekam dan kada će mojih nekoliko hiljada satošija moći da kupi tri, četiri ili pet meseci vašeg vremena.

A u međuvremenu...

Molim vas, držite se vašeg fiat novca. Molim vas, držite se vaših šitkoina.

Ne želim nikoga od vas "blokčejnera", šitkoinera, fiat nokoinera i vas svih ostalih klovnova koji mislite da znate bolje.

Ovaj rolerkoster je specijalan, tako da zašto bih želeo da ga delim sa vama glupanderima? Zašto bih bacao bisere pred svinje?

Ja verujem u principe isključivosti.

Ovo nije "kumbaya" ili "svi smo jedno". Jebite se.

Sa razlogom smo drugačiji.

Napraviću sam svoj krevet i ležati u njemu. Vi napravite svoje.

Kada bude došlo vreme, ja ću vam za vaše vreme plaćati satošijima zato što onda nećete imati izbora.

Tada ja pobeđujem, a vi gubite.

Kako sejete, tako žanjete

Razlika između mene i vas je ta što ja kupujem Bitkoin sada zato što tako želim. Vi ćete morati da radite za Bitkoin sutra zato što tako morate.

To je cena neznanja. To je cena arogancije.

To je cena gluposti koju ćete platiti i, koliko god ovo zvuči okrutno, istina je da zaslužujete svaki delić toga.

Svi ležimo u krevetu koji sami pravimo, a vi svoj krevet pravite sada.

Neće vam samouvereni Bitkoiner reći: "lepo sam vam rekao". Nova ekonomska realnost će vam to reći umesto njega.

"Lepo sam vam rekao" će vas udariti poput tone cigle kada shvatite razliku između vas i onih koji su bili razboriti, koji su marljivo štedeli, koji su uložili vreme i trud da otkriju šta je zapravo Bitkoin dok su ih svi nazivali ludacima.

Neće biti sažaljenja.

Nema više bacanja bisera pred svinje

Oni koji imaju priliku da kupe nešto Bitkoina sada, a odluče da to ne urade zahvaljujući neznanju, aroganciji ili gluposti, zaslužuju da plate sa kamatom.

Zaslužuju da trguju svoje sutrašnje dragoceno vreme i energiju za ono što su mogli da nabave danas i to bukvalno "za kikiriki".

Ovde nema greške: nismo jednaki. Mi smo veoma, veoma različiti ljudi.

Ja sam uložio vreme, trud i energiju sada, ne samo zbog sebe samog, već i da bih posadio seme i pomogao mreži.

Uradio sam svoj deo.

Vi ćete doći kasnije i pomoći mi da žanjem nagrade svog truda. Postojaćete da biste mi pomogli da uživam u plodovima.

To će biti vaša uloga.

Izabrao sam da rizikujem i steknem deo onoga zbog čega su me svi nazivali ludim zato što sam učio, verovao i shvatio danas, sa nadom da se izgradi bolja, poštenija i pravičnija budućnost za sve.

Radeći to, neki od nas će postati džinovi i nesrazmerno bogati. I vi imate tu šansu ali je mnogi od vas neće iskoristiti.

I ja sam skroz ok sa tim. Više neću bacati bisere pred svinje.

---

Ovaj članak može zvučati neprijatno ali više me zabole kurac. Sada je na vama da sami istražujete.

Ovo se događa bez obzira sviđalo vam se to ili ne. Ja i hiljade drugih Bitkoinera smo pisali eseje i eseje o ovome.

Neka imena sa kvalitetnim materijalom kojih se mogu setiti iz glave su:

• Naravno ja
• Gigi
• Robert Breedlove
• Saifedean Ammous

Ako ste radoznali možete ih pratiti. A ovo je sjajno mesto gde možete preuzeti nekoliko odličnih radova:

The Bitcoin Times

I za kraj, ako si Bitkoiner koji ovo čita, nikada nećeš znati da li sam zloban ili samo igram 4D šah.

Iskreno, nije ni bitno.

Ovo se dešava. Bitkoin osvaja svet. Ekonomski darvinizam je činjenica.

Sakupljajte vaše satošije, ponudite maslinovu grančicu, obratite pažnju na njihovu radoznalost ili iskru u njihovom oku kao znak da nastavite. Ukoliko toga nema ili naiđete na odbijanje, ostavite ih da se igraju kao svinje u govnima sa njihovim fiatom, deonicama ili šitkoinima.

Biće nam potrebni čistači za naše citadele.

@ 94a6a78a:0ddf320e

Azzamo is more than just a relay provider—it’s a high-performance network designed to make Nostr faster, smoother, and more reliable for everyone. Whether you're posting notes, zapping sats, sharing media, or sending DMs, Azzamo keeps your Nostr experience seamless and efficient.

Nostr is unstoppable, but not all relays are the same. Some are slow, unreliable, or disappear overnight, while others get overloaded, making message delivery inconsistent. Azzamo is built differently—offering fast, stable, and globally distributed relays to ensure low-latency, high-speed connections, no matter where you are.

---

🌍 Premium Relays for Maximum Performance

Azzamo Premium Relays are optimized for speed, reliability, and uptime, available exclusively to Premium users:

📡 Azzamo Premium Relays:

• Europe: wss://relay.azzamo.net
• America: wss://us.azzamo.net
• Asia: wss://asia.azzamo.net

Add Azzamo Premium Time to unlock unlimited, high-speed access across these global relays.

🔗 Get Premium: azzamo.net/premium

---

🆓 Freemium Relays – Free for Everyone

Azzamo believes in keeping Nostr open and accessible to all. That’s why we offer free relays for everyone, with no rate limits for Premium members

📡 Freemium Relays:

• Free Relay: wss://nostr.azzamo.net – Open to all.
• Inbox Relay: wss://inbox.azzamo.net – Reliable for DMs & group messages.

By offering both free and premium options, Azzamo ensures that anyone can use Nostr, while also funding the infrastructure that keeps it running smoothly.

---

🛡️ Minimal Moderation, Maximum Transparency

Nostr is about free speech, but that doesn’t mean zero moderation. Azzamo follows a minimal moderation policy to keep relays functional and spam-free while maintaining transparency in enforcement.\ \ 🚫 Spam & network abuse\ 🚫 Illegal content (CSAM, fraud, malware, scams)\ 🚫 Impersonation & identity abuse

We also maintain a public Ban API for transparent moderation decisions.

📖 More on our Ban API: azzamo.net/introducing-the-azzamo-ban-api

---

🚀 Get Started with Azzamo Relays Today!

🔗 Connect now:\ 📡 wss://nostr.azzamo.net (Freemium Free Relay)\ 📬 wss://inbox.azzamo.net (Freemium Inbox Relay)\ 📡 wss://relay.azzamo.net (Premium Europe Relay)\ 📡 wss://us.azzamo.net (Premium Americas Relay)\ 📡 wss://asia.azzamo.net (Premium Asia Relay)

Nostr is growing fast. Make sure your relays can keep up. 🚀

azzamo #grownostr #nostr #relay #relays #premiumrelay #paidrelay

@ daa41bed:88f54153

There has been a good bit of discussion on Nostr over the past few days about the merits of zaps as a method of engaging with notes, so after writing a rather lengthy article on the pros of a strategic Bitcoin reserve, I wanted to take some time to chime in on the much more fun topic of digital engagement.

Let's begin by defining a couple of things:

Nostr is a decentralized, censorship-resistance protocol whose current biggest use case is social media (think Twitter/X). Instead of relying on company servers, it relies on relays that anyone can spin up and own their own content. Its use cases are much bigger, though, and this article is hosted on my own relay, using my own Nostr relay as an example.

Zap is a tip or donation denominated in sats (small units of Bitcoin) sent from one user to another. This is generally done directly over the Lightning Network but is increasingly using Cashu tokens. For the sake of this discussion, how you transmit/receive zaps will be irrelevant, so don't worry if you don't know what Lightning or Cashu are.

If we look at how users engage with posts and follows/followers on platforms like Twitter, Facebook, etc., it becomes evident that traditional social media thrives on engagement farming. The more outrageous a post, the more likely it will get a reaction. We see a version of this on more visual social platforms like YouTube and TikTok that use carefully crafted thumbnail images to grab the user's attention to click the video. If you'd like to dive deep into the psychology and science behind social media engagement, let me know, and I'd be happy to follow up with another article.

In this user engagement model, a user is given the option to comment or like the original post, or share it among their followers to increase its signal. They receive no value from engaging with the content aside from the dopamine hit of the original experience or having their comment liked back by whatever influencer they provide value to. Ad revenue flows to the content creator. Clout flows to the content creator. Sales revenue from merch and content placement flows to the content creator. We call this a linear economy -- the idea that resources get created, used up, then thrown away. Users create content and farm as much engagement as possible, then the content is forgotten within a few hours as they move on to the next piece of content to be farmed.

What if there were a simple way to give value back to those who engage with your content? By implementing some value-for-value model -- a circular economy. Enter zaps.

Unlike traditional social media platforms, Nostr does not actively use algorithms to determine what content is popular, nor does it push content created for active user engagement to the top of a user's timeline. Yes, there are "trending" and "most zapped" timelines that users can choose to use as their default, but these use relatively straightforward engagement metrics to rank posts for these timelines.

That is not to say that we may not see clients actively seeking to refine timeline algorithms for specific metrics. Still, the beauty of having an open protocol with media that is controlled solely by its users is that users who begin to see their timeline gamed towards specific algorithms can choose to move to another client, and for those who are more tech-savvy, they can opt to run their own relays or create their own clients with personalized algorithms and web of trust scoring systems.

Zaps enable the means to create a new type of social media economy in which creators can earn for creating content and users can earn by actively engaging with it. Like and reposting content is relatively frictionless and costs nothing but a simple button tap. Zaps provide active engagement because they signal to your followers and those of the content creator that this post has genuine value, quite literally in the form of money—sats.

I have seen some comments on Nostr claiming that removing likes and reactions is for wealthy people who can afford to send zaps and that the majority of people in the US and around the world do not have the time or money to zap because they have better things to spend their money like feeding their families and paying their bills. While at face value, these may seem like valid arguments, they, unfortunately, represent the brainwashed, defeatist attitude that our current economic (and, by extension, social media) systems aim to instill in all of us to continue extracting value from our lives.

Imagine now, if those people dedicating their own time (time = money) to mine pity points on social media would instead spend that time with genuine value creation by posting content that is meaningful to cultural discussions. Imagine if, instead of complaining that their posts get no zaps and going on a tirade about how much of a victim they are, they would empower themselves to take control of their content and give value back to the world; where would that leave us? How much value could be created on a nascent platform such as Nostr, and how quickly could it overtake other platforms?

Other users argue about user experience and that additional friction (i.e., zaps) leads to lower engagement, as proven by decades of studies on user interaction. While the added friction may turn some users away, does that necessarily provide less value? I argue quite the opposite. You haven't made a few sats from zaps with your content? Can't afford to send some sats to a wallet for zapping? How about using the most excellent available resource and spending 10 seconds of your time to leave a comment? Likes and reactions are valueless transactions. Social media's real value derives from providing monetary compensation and actively engaging in a conversation with posts you find interesting or thought-provoking. Remember when humans thrived on conversation and discussion for entertainment instead of simply being an onlooker of someone else's life?

If you've made it this far, my only request is this: try only zapping and commenting as a method of engagement for two weeks. Sure, you may end up liking a post here and there, but be more mindful of how you interact with the world and break yourself from blind instinct. You'll thank me later.

@ 6e0ea5d6:0327f353

Ascolta bene, amico mio. Admiration is always better than mere understanding!

Simple understanding in a relationship is an easy, almost automatic gesture. Any woman can understand a man, tolerate his flaws, and accept his presence. But this often stems from pity, convenience, or merely the habit of having someone around. Understanding without admiration is not respect; it is resignation. A woman who only understands but does not admire may stay by your side, but she will never be truly loyal in her heart. And who wants to be merely tolerated out of pity when they could be followed with pride?

Admiration, on the other hand, is the pillar that upholds any worthy relationship. It’s not just about liking someone; it’s about recognizing the value in a man's daily battles, not just his victories. A woman who truly admires you takes pride in your strength, respects your struggles, and walks beside you with her head held high. She doesn’t just accept you—she follows you to the end because she sees greatness in what you build and what you represent.

Admiration is not just about affection; it’s about looking at the man beside you and feeling deep respect for who he is, what he builds, and what he stands for. Without that, what remains? Tolerance? Indifference? The woman who merely understands accepts your existence, but the one who admires follows you with pride because she sees value in your struggle, your strength, and your legacy.

So forget about being “understood” as a priority. Understanding can be a mere transaction, but admiration is the true foundation of any dignified relationship.

If your woman does not admire you for what you do, who you are, and what you build, she is either occupying a space she does not deserve, or you are too weak to be admired.

Thank you for reading, my friend!

If this message resonated with you, consider leaving your "🥃" as a token of appreciation.

A toast to our family!

@ c4b5369a:b812dbd6

As promised in my last article:

nostr:naddr1qvzqqqr4gupzp394x6dfmvn69cduj7e9l2jgvtvle7n5w5rtrunjlr6tx6up9k7kqq2k6ernff9hw3tyd3y453rdtph5uvm6942kzuw08y0

In this one we will dive into how exactly an unidirectional payments channel powered ecash mint system would be implemented, using the tech available today! So if you haven't read that article yet, give it a read!

I first intended to write a longwinded article, explaining each part of the system. But then I realized that I would need some visualization to get the message across in a more digestable way. This lead me to create a slide deck, and as I started to design the slides it became more and more clear that the information is easier shown with visualizations, than written down. I will try to give a summary as best as I can in this article, but I urge you, to please go visit the slide deck too, for the best experience:

---

TAKE ME TO THE SLIDE DECK!

---

Intro

In this article we will go over how we can build unidirectional payment channels on Bitcoin. Then we will take a look into how Cashu ecash mints work, and how we can use unidirectional payment channels to change the dynamics between ecash users and the mint.

Before we start, let me also give credits to nostr:npub1htnhsay5dmq3r72tukdw72pduzfdcja0yylcajuvnc2uklkhxp8qnz3qac for comming up with the idea, to nostr:npub148jz5r9xujcjpqygk69yl4jqwjqmzgrqly26plktfjy8g4t7xaysj9xhgp for providing an idea for non-expiring unidirectional channels, and nostr:npub1yrnuj56rnen08zp2h9h7p74ghgjx6ma39spmpj6w9hzxywutevsst7k5cx unconference for hosting an event where these ideas could be discussed and flourish.

Building unidirectional payment channels

If you've read the previous article, you already know what unidirectional payment channels are. There are actually a coupple different ways to implement them, but they all do have a few things in common:

1. The sender can only send
2. The Receiver can only receive
3. They are VERY simple

Way simpler than the duplex channels like we are using in the lightning network today, at least. Of course, duplex channels are being deployed on LN for a reason. They are very versatile and don't have these annoying limitations that the unidirectional payment channels have. They do however have a few drawbacks:

1. Peers have liveness requirements (or they might forfeit their funds)
2. Peers must backup their state after each transaction (if they don't they might forfeit their funds)
3. It is a pretty complex system

This article is not meant to discredit duplex channels. I think they are great. I just also think that in some use-cases, their requirements are too high and the system too complex.

But anyway, let's see what kind of channels we can build!

Spillman/CLTV-Channel

The Spillman channel idea has been around for a long time. It's even explained in Tadge Dryjas Presentation on Payment channels and the lightning network from back in the day. I compiled a list of some of the most important propperties of them in the slide below:

Great!

Now that we know their properties, let's take a look at how we can create such a channel (Slides):

We start out by the sender creating a funding TX. The sender doesn't broadcast the transaction though. If he does, he might get locked into a multisig with the receiver without an unilateral exit path.

Instead the sender also creates a refund TX spending the outputs of the yet unsigned funding TX. The refund TX is timelocked, and can only be broadcast after 1 month. Both sender and receiver can sign this refund TX without any risks. Once sender receives the signed refund TX, he can broadcast the funding TX and open the channel. The sender can now update the channel state, by pre-signing update transactions and sending them over to the receiver. Being a one-way channel, this can be done in a single message. It is very simple. There is no need for invalidating old states, since the sender does not hold any signed update TXs it is impossible for the sender to broadcast an old state. The receiver only cares about the latest state anyways, since that is the state where he gets the most money. He can basically delete any old states. The only thing the receiver needs to make sure of, is broadcasting the latest update TX before the refund TX's timelock expires. Otherwise, the sender might take the whole channel balance back to himself.

This seems to be already a pretty useful construct, due to its simplicity. But we can make it even more simple!

This setup works basically the same way as the previous one, but instead of having a refund transaction, we build the timelock spend path directly into the funding TX This allows the sender to have an unilateral exit right from the start, and he can broadcast the funding TX without communicating with the receiver. In the worst case, the receiver rejects the channel, and the sender can get his money back after the timelock on the output has expired. Everything else basically works in the same way as in the example above.

The beauty about this channel construct is in its simplicity. The drawbacks are obvious, but they do offer some nice properties that might be useful in certain cases.

One of the major drawbacks of the Spillman-style channels (apart from being unidirectional) is that they expire. This expiry comes with the neat property that neither of the party has to watch the chain for channel closures, and the sender can operate the channel with zero additional state, apart from his private keys. But they do expire. And this can make them quite inflexible. It might work in some contexts, but not so much in others, where time needs to be more flexible.

This is where Roose-Childs triggered channels come into play.

Roose-Childs triggered channel

(I gave it that name, named after nostr:npub148jz5r9xujcjpqygk69yl4jqwjqmzgrqly26plktfjy8g4t7xaysj9xhgp and nostr:npub1htnhsay5dmq3r72tukdw72pduzfdcja0yylcajuvnc2uklkhxp8qnz3qac . If someone knows if this idea has been around before under a different name, please let us know!)

Roose-Childs triggered channels were an idea developed by Steven and Luke at the nostr:npub1yrnuj56rnen08zp2h9h7p74ghgjx6ma39spmpj6w9hzxywutevsst7k5cx unconference. They essentially remove the channel expiry limitation in return for introducing the need for the sender to create a channel backup at the time of channel creation, and for the receiver the need to watch the chain for trigger transactions closing the channel.

They also allow for splicing funds, which can be important for a channel without expiry, allowing the sender to top-up liquidity once it runs out, or for the receiver taking out liquidity from the channel to deploy the funds elsewhere.

Now, let's see how we can build them!

The funding TX actually looks the same as in the first example, and similarly it gets created, but not signed by the sender. Then, sender and receiver both sign the trigger TX. The trigger TX is at the heart of this scheme. It allows both sender and receiver to unilaterally exit the channel by broadcasting it (more on that in a bit).

Once the trigger TX is signed and returned to the sender, the sender can confidently sign and boradcast the funding TX and open the channel. The trigger TX remains off-chain though. Now, to update the channel, the sender can pre-sign transactions in similar fashion to the examples above, but this time, spending the outputs of the unbroadcasted trigger TX. This way, both parties can exit the channel at any time. If the receiver wants to exit, he simply boradcasts the trigger TX and immediately spends its outputs using the latest update TX. If the sender wants to exit he will broadcast the trigger TX and basically force the receivers hand. Either, the receiver will broadcast the latest update TX, or the sender will be able to claim the entire channel balance after the timelock expired.

We can also simplify the receiver's exit path, by the sender pre-signing an additional transaction R exit TX for each update. this way, the receiver only needs to broadcast one transaction instead of two.

As we've mentioned before, there are some different trade-offs for Roose-Childs triggered channels. We introduce some minimal state and liveness requirements, but gain more flexibility.

Ecash to fill in the gaps

(I will assume that the reader knows how ecash mints work. If not, please go check the slides where I go through an explanation)

Essentially, we are trying to get a lightning like experience, without all the lightning complexities and requirements. One big issue with ecash, is that it is fully custodial. If we can offset that risk by holding most of the funds in a self custodial channel, we can have a reasonable trade-off between usability and self custody.

In a system like that, we would essentially turn the banking model onto its head. Where in a traditional bank, the majority of the funds are held in the banks custody, and the user only withdraws into his custody what he needs to transact, in our model the user would hold most funds in his own custody.

If you ask me, this approach makes way more sense. Instead of a custodian, we have turned the "bank" into a service provider.

Let's take a look at how it would work in a more practical sense:

The ecash user would open an unidirectional payment channel to the mint, using one of his on-chain UTXOs. This allows him then to commit incrementally funds into the mints custody, only the amounts for his transactional needs. The mint offers connectivity to the lightning network an handles state and liveness as a service provider.

The ecash user, can remain offline at all times, and his channel funds will always be safe. The mint can only ever claim the balance in the channel via the update TXs. The mint can of course still decide to no longer redeem any ecash, at which point they would have basically stolen the ecash user's transactional balance. At that point, it would probably be best for the ecash user to close his channel, and no longer interact or trust this mint.

Here are some of the most important points of this system summarized:

And that is basically it! I hope you enjoyed this breakdown of Unidirectional payment channel enabled Ecash mints!

If you did, consider leaving me a zap. Also do let me know if this type of breakdown helps you understand a new topic well. I am considering doing similar breakdowns on other systems, such as ARK, Lightning or Statechains, if there is a lot of interest, and it helps people, I'll do it!

Pleas also let me know what you think about the unidirectional channel - ecash mint idea in the comments. It's kind of a new idea, an it probably has flaws, or things that we haven't thought about yet. I'd love to discuss it with you!

I'll leave you with this final slide:

Cheers,

Gandlaf

@ 5a261a61:2ebd4480

As I grow older, I find myself often discovering things that I haven't understood before, or just see completely differently. Like with this fable of the toad and scorpion. You know, the classic where scorpion needs to get across the river, and asks the toad for help, promising not to sting. The toad refuses at first, pointing out that scorpion's sting would kill them both. But scorpion argues that would be illogical - why would it sting if that meant its own death? The toad, convinced by this logic, agrees to help. Halfway across, scorpion stings anyway, and as they both sink, toad asks "why?" Scorpion simply answers "It's my nature."

That leads me to my scorpion sighting. I have somewhat stronger libido and given the circumstances, I usually situate myself in the submissive position in both married and online life. When I am not ventilating or getting these things out in some way, it usually leads to my growing frustration that seriously hinders my usual life. And in those trying times I usually tell myself, "screw that, I don't like this, I don't like how that makes me feel, it sucks, why does it have to hurt so much" (well, I don't think 'hurt' as I have been indoctrinated by the society that men don't process feelings this way, but I think if I had a therapist, they would want me to spell it like that). Let's not go to the subspace again, it's silly space. Sometimes it gets really dark...but then comes the climax, like literally, and suddenly everything is forgiven and (almost) forgotten. And all is well.

Let's just not go there next time, avoid being burned again, I keep saying to myself. And these days submissive scorpion in my head just silently waits for my monologuing toad to finish defending ourselves. It knows that it needs only one chance so I cave in, while toad needs to defend my sanity every day. So one day, I will bring scorpion to cross the river with me again. And it will again promise that this time it will be ok. And we will both pretend like we believe that, so the play can go on. And it will eventually sting me, because we both yearn for unreachable things.

And next day I will again see scorpion on the river, not wooing me, no, we are beyond that, it knows it just needs to wait before I come back for the poison I need.As I grow older, I find myself often discovering things that I haven't understood before, or just see completely differently. Like with this fable of the toad and scorpion.

You know, the classic where scorpion needs to get across the river, and asks the toad for help, promising not to sting. The toad refuses at first, pointing out that scorpion's sting would kill them both. But scorpion argues that would be illogical - why would it sting if that meant its own death? The toad, convinced by this logic, agrees to help. Halfway across, scorpion stings anyway, and as they both sink, toad asks "why?" Scorpion simply answers "It's my nature."

That leads me to my scorpion sighting. I have somewhat stronger libido and given the circumstances, I usually situate myself in the submissive position in both married and online life. When I am not ventilating or getting these things out in some way, it usually leads to my growing frustration that seriously hinders my usual life. And in those trying times I usually tell myself, "screw that, I don't like this, I don't like how that makes me feel, it sucks, why does it have to hurt so much" (well, I don't think 'hurt' as I have been indoctrinated by the society that men don't process feelings this way, but I think if I had a therapist, they would want me to spell it like that). Let's not go to the subspace again, it's silly space. Sometimes it gets really dark...but then comes the climax, like literally, and suddenly everything is forgiven and (almost) forgotten. And all is well.

Let's just not go there next time, avoid being burned again, I keep saying to myself. And these days submissive scorpion in my head just silently waits for my monologuing toad to finish defending ourselves.

It knows that it needs only one chance so I cave in, while toad needs to defend my sanity every day. So one day, I will bring scorpion to cross the river with me again. And it will again promise that this time it will be ok. And we will both pretend like we believe that, so the play can go on. And it will eventually sting me, because we both yearn for unreachable things.

And next day I will again see scorpion on the river, not wooing me, no, we are beyond that, it knows it just needs to wait before I come back for the poison I need.

@ dc4cd086:cee77c06

Have you ever wanted to learn from lengthy educational videos but found it challenging to navigate through hours of content? Our new tool addresses this problem by transforming long-form video lectures into easily digestible, searchable content.

Key Features:

Video Processing:

• Automatically downloads YouTube videos, transcripts, and chapter information
• Splits transcripts into sections based on video chapters

Content Summarization:

• Utilizes language models to transform spoken content into clear, readable text
• Formats output in AsciiDoc for improved readability and navigation
• Highlights key terms and concepts with [[term]] notation for potential cross-referencing

Diagram Extraction:

• Analyzes video entropy to identify static diagram/slide sections
• Provides a user-friendly GUI for manual selection of relevant time ranges
• Allows users to pick representative frames from selected ranges

Going Forward:

Currently undergoing a rewrite to improve organization and functionality, but you are welcome to try the current version, though it might not work on every machine. Will support multiple open and closed language models for user choice Free and open-source, allowing for personal customization and integration with various knowledge bases. Just because we might not have it on our official Alexandria knowledge base, you are still welcome to use it on you own personal or community knowledge bases! We want to help find connections between ideas that exist across relays, allowing individuals and groups to mix and match knowledge bases between each other, allowing for any degree of openness you care.

While designed with #Alexandria users in mind, it's available for anyone to use and adapt to their own learning needs.

Screenshots

Frame Selection

This is a screenshot of the frame selection interface. You'll see a signal that represents frame entropy over time. The vertical lines indicate the start and end of a chapter. Within these chapters you can select the frames by clicking and dragging the mouse over the desired range where you think diagram is in that chapter. At the bottom is an option that tells the program to select a specific number of frames from that selection.

Diagram Extraction

This is a screenshot of the diagram extraction interface. For every selection you've made, there will be a set of frames that you can choose from. You can select and deselect as many frames as you'd like to save.

Links

• repo: https://github.com/limina1/video_article_converter
• Nostr Apps 101: https://www.youtube.com/watch?v=Flxa_jkErqE

Output

And now, we have a demonstration of the final result of this tool, with some quick cleaning up. The video we will be using this tool on is titled Nostr Apps 101 by nostr:npub1nxy4qpqnld6kmpphjykvx2lqwvxmuxluddwjamm4nc29ds3elyzsm5avr7 during Nostrasia. The following thread is an analog to the modular articles we are constructing for Alexandria, and I hope it conveys the functionality we want to create in the knowledge space. Note, this tool is the first step! You could use a different prompt that is most appropriate for the specific context of the transcript you are working with, but you can also manually clean up any discrepancies that don't portray the video accurately. You can now view the article on #Alexandria https://next-alexandria.gitcitadel.eu/publication?d=nostr-apps-101

Initially published as chained kind 1's nostr:nevent1qvzqqqqqqypzp5r5hd579v2sszvvzfel677c8dxgxm3skl773sujlsuft64c44ncqy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgwwaehxw309ahx7uewd3hkctcpzemhxue69uhhyetvv9ujumt0wd68ytnsw43z7qghwaehxw309aex2mrp0yhxummnw3ezucnpdejz7qgewaehxw309aex2mrp0yh8xmn0wf6zuum0vd5kzmp0qqsxunmjy20mvlq37vnrcshkf6sdrtkfjtjz3anuetmcuv8jswhezgc7hglpn

Or view on Coracle https://coracle.social /nevent1qqsxunmjy20mvlq37vnrcshkf6sdrtkfjtjz3anuetmcuv8jswhezgcppemhxue69uhkummn9ekx7mp0qgsdqa9md83tz5yqnrqjw07hhkpmfjpkuv9hlh5v8yhu8z274w9dv7qnnq0s3

@ ec42c765:328c0600

カスタム絵文字とは

任意のオリジナル画像を絵文字のように文中に挿入できる機能です。
また、リアクション（Twitterの いいね のような機能）にもカスタム絵文字を使えます。

カスタム絵文字の対応状況（2025/02/06）

カスタム絵文字を使うためにはカスタム絵文字に対応したクライアントを使う必要があります。

※表は一例です。クライアントは他にもたくさんあります。

使っているクライアントが対応していない場合は、クライアントを変更する、対応するまで待つ、開発者に要望を送る（または自分で実装する）などしましょう。

対応クライアント

• Amethyst
• FreeFrom
• nostter
• Rabbit
• Lumilumi
• Nos Haiku
• Snort
• noStrudel

ここではnostterを使って説明していきます。

準備

カスタム絵文字を使うための準備です。

• Nostrエクステンション（NIP-07）を導入する
• 使いたいカスタム絵文字をリストに登録する

Nostrエクステンション（NIP-07）を導入する

Nostrエクステンションは使いたいカスタム絵文字を登録する時に必要になります。

また、環境（パソコン、iPhone、androidなど）によって導入方法が違います。

Nostrエクステンションを導入する端末は、実際にNostrを閲覧する端末と違っても構いません（リスト登録はPC、Nostr閲覧はiPhoneなど）。

Nostrエクステンション（NIP-07）の導入方法は以下のページを参照してください。

ログイン拡張機能 (NIP-07)を使ってみよう | Welcome to Nostr! ～ Nostrをはじめよう！ ～

少し面倒ですが、これを導入しておくとNostr上の様々な場面で役立つのでより快適になります。

使いたいカスタム絵文字をリストに登録する

以下のサイトで行います。

emojito

右上のGet startedからNostrエクステンションでログインしてください。

例として以下のカスタム絵文字を導入してみます。

実際より絵文字が少なく表示されることがありますが、古い状態のデータを取得してしまっているためです。その場合はブラウザの更新ボタンを押してください。

generalJP | カスタム絵文字

• 右側のOptionsからBookmarkを選択

これでカスタム絵文字を使用するためのリストに登録できます。

カスタム絵文字を使用する

例としてブラウザから使えるクライアント nostter から使用してみます。

nostter

nostterにNostrエクステンションでログイン、もしくは秘密鍵を入れてログインしてください。

文章中に使用

1. 投稿ボタンを押して投稿ウィンドウを表示
2. 顔😀のボタンを押し、絵文字ウィンドウを表示
3. ＊タブを押し、カスタム絵文字一覧を表示
4. カスタム絵文字を選択
5. : 記号に挟まれたアルファベットのショートコードとして挿入される

この状態で投稿するとカスタム絵文字として表示されます。

カスタム絵文字対応クライアントを使っている他ユーザーにもカスタム絵文字として表示されます。

対応していないクライアントの場合、ショートコードのまま表示されます。

ショートコードを直接入力することでカスタム絵文字の候補が表示されるのでそこから選択することもできます。

リアクションに使用

1. 任意の投稿の顔😀のボタンを押し、絵文字ウィンドウを表示
2. ＊タブを押し、カスタム絵文字一覧を表示
3. カスタム絵文字を選択

カスタム絵文字リアクションを送ることができます。

カスタム絵文字を探す

先述したemojitoからカスタム絵文字を探せます。

例えば任意のユーザーのページ emojito ロクヨウ から探したり、 emojito Browse all からnostr全体で最近作成、更新された絵文字を見たりできます。

また、以下のリンクは日本語圏ユーザーが作ったカスタム絵文字を集めたリストです（2025/02/06）

※漏れがあるかもしれません

日本ユーザー作 カスタム絵文字

各絵文字セットにあるOpen in emojitoのリンクからemojitoに飛び、使用リストに追加できます。

---

以上です。

次：Nostrのカスタム絵文字の作り方

Yakihonneリンク Nostrのカスタム絵文字の作り方

Nostrリンク nostr:naddr1qqxnzdesxuunzv358ycrgveeqgswcsk8v4qck0deepdtluag3a9rh0jh2d0wh0w9g53qg8a9x2xqvqqrqsqqqa28r5psx3

---

仕様

NIP-30 Custom Emoji

NIP-30 カスタム絵文字（和訳）

@ dff95033:862fbf40

This event has been deleted; your client is ignoring the delete request.

@ e3ba5e1a:5e433365

I got into a friendly discussion on X regarding health insurance. The specific question was how to deal with health insurance companies (presumably unfairly) denying claims? My answer, as usual: get government out of it!

The US healthcare system is essentially the worst of both worlds:

• Unlike full single payer, individuals incur high costs
• Unlike a true free market, regulation causes increases in costs and decreases competition among insurers

I'm firmly on the side of moving towards the free market. (And I say that as someone living under a single payer system now.) Here's what I would do:

• Get rid of tax incentives that make health insurance tied to your employer, giving individuals back proper freedom of choice.
• Reduce regulations significantly.

• In the short term, some people will still get rejected claims and other obnoxious behavior from insurance companies. We address that in two ways:

  1. Due to reduced regulations, new insurance companies will be able to enter the market offering more reliable coverage and better rates, and people will flock to them because they have the freedom to make their own choices.
  2. Sue the asses off of companies that reject claims unfairly. And ideally, as one of the few legitimate roles of government in all this, institute new laws that limit the ability of fine print to allow insurers to escape their responsibilities. (I'm hesitant that the latter will happen due to the incestuous relationship between Congress/regulators and insurers, but I can hope.)

Will this magically fix everything overnight like politicians normally promise? No. But it will allow the market to return to a healthy state. And I don't think it will take long (order of magnitude: 5-10 years) for it to come together, but that's just speculation.

And since there's a high correlation between those who believe government can fix problems by taking more control and demanding that only credentialed experts weigh in on a topic (both points I strongly disagree with BTW): I'm a trained actuary and worked in the insurance industry, and have directly seen how government regulation reduces competition, raises prices, and harms consumers.

And my final point: I don't think any prior art would be a good comparison for deregulation in the US, it's such a different market than any other country in the world for so many reasons that lessons wouldn't really translate. Nonetheless, I asked Grok for some empirical data on this, and at best the results of deregulation could be called "mixed," but likely more accurately "uncertain, confused, and subject to whatever interpretation anyone wants to apply."

https://x.com/i/grok/share/Zc8yOdrN8lS275hXJ92uwq98M

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/886437

@ 91bea5cd:1df4451c

Definição de ULID:

Timestamp 48 bits, Aleatoriedade 80 bits Sendo Timestamp 48 bits inteiro, tempo UNIX em milissegundos, Não ficará sem espaço até o ano 10889 d.C. e Aleatoriedade 80 bits, Fonte criptograficamente segura de aleatoriedade, se possível.

Gerar ULID

```sql

CREATE EXTENSION IF NOT EXISTS pgcrypto;

CREATE FUNCTION generate_ulid() RETURNS TEXT AS $$ DECLARE -- Crockford's Base32 encoding BYTEA = '0123456789ABCDEFGHJKMNPQRSTVWXYZ'; timestamp BYTEA = E'\000\000\000\000\000\000'; output TEXT = '';

unix_time BIGINT; ulid BYTEA; BEGIN -- 6 timestamp bytes unix_time = (EXTRACT(EPOCH FROM CLOCK_TIMESTAMP()) * 1000)::BIGINT; timestamp = SET_BYTE(timestamp, 0, (unix_time >> 40)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 1, (unix_time >> 32)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 2, (unix_time >> 24)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 3, (unix_time >> 16)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 4, (unix_time >> 8)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 5, unix_time::BIT(8)::INTEGER);

-- 10 entropy bytes ulid = timestamp || gen_random_bytes(10);

-- Encode the timestamp output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 0) & 224) >> 5)); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 0) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 1) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 1) & 7) << 2) | ((GET_BYTE(ulid, 2) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 2) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 2) & 1) << 4) | ((GET_BYTE(ulid, 3) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 3) & 15) << 1) | ((GET_BYTE(ulid, 4) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 4) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 4) & 3) << 3) | ((GET_BYTE(ulid, 5) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 5) & 31)));

-- Encode the entropy output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 6) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 6) & 7) << 2) | ((GET_BYTE(ulid, 7) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 7) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 7) & 1) << 4) | ((GET_BYTE(ulid, 8) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 8) & 15) << 1) | ((GET_BYTE(ulid, 9) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 9) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 9) & 3) << 3) | ((GET_BYTE(ulid, 10) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 10) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 11) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 11) & 7) << 2) | ((GET_BYTE(ulid, 12) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 12) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 12) & 1) << 4) | ((GET_BYTE(ulid, 13) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 13) & 15) << 1) | ((GET_BYTE(ulid, 14) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 14) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 14) & 3) << 3) | ((GET_BYTE(ulid, 15) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 15) & 31)));

RETURN output; END $$ LANGUAGE plpgsql VOLATILE; ```

ULID TO UUID

```sql CREATE OR REPLACE FUNCTION parse_ulid(ulid text) RETURNS bytea AS $$ DECLARE -- 16byte bytes bytea = E'\x00000000 00000000 00000000 00000000'; v char[]; -- Allow for O(1) lookup of index values dec integer[] = ARRAY[ 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 255, 255, 255, 255, 255, 255, 255, 10, 11, 12, 13, 14, 15, 16, 17, 1, 18, 19, 1, 20, 21, 0, 22, 23, 24, 25, 26, 255, 27, 28, 29, 30, 31, 255, 255, 255, 255, 255, 255, 10, 11, 12, 13, 14, 15, 16, 17, 1, 18, 19, 1, 20, 21, 0, 22, 23, 24, 25, 26, 255, 27, 28, 29, 30, 31 ]; BEGIN IF NOT ulid ~* '^[0-7][0-9ABCDEFGHJKMNPQRSTVWXYZ]{25}$' THEN RAISE EXCEPTION 'Invalid ULID: %', ulid; END IF;

v = regexp_split_to_array(ulid, '');

-- 6 bytes timestamp (48 bits) bytes = SET_BYTE(bytes, 0, (dec[ASCII(v[1])] << 5) | dec[ASCII(v[2])]); bytes = SET_BYTE(bytes, 1, (dec[ASCII(v[3])] << 3) | (dec[ASCII(v[4])] >> 2)); bytes = SET_BYTE(bytes, 2, (dec[ASCII(v[4])] << 6) | (dec[ASCII(v[5])] << 1) | (dec[ASCII(v[6])] >> 4)); bytes = SET_BYTE(bytes, 3, (dec[ASCII(v[6])] << 4) | (dec[ASCII(v[7])] >> 1)); bytes = SET_BYTE(bytes, 4, (dec[ASCII(v[7])] << 7) | (dec[ASCII(v[8])] << 2) | (dec[ASCII(v[9])] >> 3)); bytes = SET_BYTE(bytes, 5, (dec[ASCII(v[9])] << 5) | dec[ASCII(v[10])]);

-- 10 bytes of entropy (80 bits); bytes = SET_BYTE(bytes, 6, (dec[ASCII(v[11])] << 3) | (dec[ASCII(v[12])] >> 2)); bytes = SET_BYTE(bytes, 7, (dec[ASCII(v[12])] << 6) | (dec[ASCII(v[13])] << 1) | (dec[ASCII(v[14])] >> 4)); bytes = SET_BYTE(bytes, 8, (dec[ASCII(v[14])] << 4) | (dec[ASCII(v[15])] >> 1)); bytes = SET_BYTE(bytes, 9, (dec[ASCII(v[15])] << 7) | (dec[ASCII(v[16])] << 2) | (dec[ASCII(v[17])] >> 3)); bytes = SET_BYTE(bytes, 10, (dec[ASCII(v[17])] << 5) | dec[ASCII(v[18])]); bytes = SET_BYTE(bytes, 11, (dec[ASCII(v[19])] << 3) | (dec[ASCII(v[20])] >> 2)); bytes = SET_BYTE(bytes, 12, (dec[ASCII(v[20])] << 6) | (dec[ASCII(v[21])] << 1) | (dec[ASCII(v[22])] >> 4)); bytes = SET_BYTE(bytes, 13, (dec[ASCII(v[22])] << 4) | (dec[ASCII(v[23])] >> 1)); bytes = SET_BYTE(bytes, 14, (dec[ASCII(v[23])] << 7) | (dec[ASCII(v[24])] << 2) | (dec[ASCII(v[25])] >> 3)); bytes = SET_BYTE(bytes, 15, (dec[ASCII(v[25])] << 5) | dec[ASCII(v[26])]);

RETURN bytes; END $$ LANGUAGE plpgsql IMMUTABLE;

CREATE OR REPLACE FUNCTION ulid_to_uuid(ulid text) RETURNS uuid AS $$ BEGIN RETURN encode(parse_ulid(ulid), 'hex')::uuid; END $$ LANGUAGE plpgsql IMMUTABLE; ```

UUID to ULID

```sql CREATE OR REPLACE FUNCTION uuid_to_ulid(id uuid) RETURNS text AS $$ DECLARE encoding bytea = '0123456789ABCDEFGHJKMNPQRSTVWXYZ'; output text = ''; uuid_bytes bytea = uuid_send(id); BEGIN

-- Encode the timestamp output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 0) & 224) >> 5)); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 0) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 1) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 1) & 7) << 2) | ((GET_BYTE(uuid_bytes, 2) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 2) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 2) & 1) << 4) | ((GET_BYTE(uuid_bytes, 3) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 3) & 15) << 1) | ((GET_BYTE(uuid_bytes, 4) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 4) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 4) & 3) << 3) | ((GET_BYTE(uuid_bytes, 5) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 5) & 31)));

-- Encode the entropy output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 6) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 6) & 7) << 2) | ((GET_BYTE(uuid_bytes, 7) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 7) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 7) & 1) << 4) | ((GET_BYTE(uuid_bytes, 8) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 8) & 15) << 1) | ((GET_BYTE(uuid_bytes, 9) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 9) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 9) & 3) << 3) | ((GET_BYTE(uuid_bytes, 10) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 10) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 11) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 11) & 7) << 2) | ((GET_BYTE(uuid_bytes, 12) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 12) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 12) & 1) << 4) | ((GET_BYTE(uuid_bytes, 13) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 13) & 15) << 1) | ((GET_BYTE(uuid_bytes, 14) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 14) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 14) & 3) << 3) | ((GET_BYTE(uuid_bytes, 15) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 15) & 31)));

RETURN output; END $$ LANGUAGE plpgsql IMMUTABLE; ```

Gera 11 Digitos aleatórios: YBKXG0CKTH4

```sql -- Cria a extensão pgcrypto para gerar uuid CREATE EXTENSION IF NOT EXISTS pgcrypto;

-- Cria a função para gerar ULID CREATE OR REPLACE FUNCTION gen_lrandom() RETURNS TEXT AS $$ DECLARE ts_millis BIGINT; ts_chars TEXT; random_bytes BYTEA; random_chars TEXT; base32_chars TEXT := '0123456789ABCDEFGHJKMNPQRSTVWXYZ'; i INT; BEGIN -- Pega o timestamp em milissegundos ts_millis := FLOOR(EXTRACT(EPOCH FROM clock_timestamp()) * 1000)::BIGINT;

-- Converte o timestamp para base32
ts_chars := '';
FOR i IN REVERSE 0..11 LOOP
    ts_chars := ts_chars || substr(base32_chars, ((ts_millis >> (5 * i)) & 31) + 1, 1);
END LOOP;

-- Gera 10 bytes aleatórios e converte para base32
random_bytes := gen_random_bytes(10);
random_chars := '';
FOR i IN 0..9 LOOP
    random_chars := random_chars || substr(base32_chars, ((get_byte(random_bytes, i) >> 3) & 31) + 1, 1);
    IF i < 9 THEN
        random_chars := random_chars || substr(base32_chars, (((get_byte(random_bytes, i) & 7) << 2) | (get_byte(random_bytes, i + 1) >> 6)) & 31 + 1, 1);
    ELSE
        random_chars := random_chars || substr(base32_chars, ((get_byte(random_bytes, i) & 7) << 2) + 1, 1);
    END IF;
END LOOP;

-- Concatena o timestamp e os caracteres aleatórios
RETURN ts_chars || random_chars;

END; $$ LANGUAGE plpgsql; ```

Exemplo de USO

```sql -- Criação da extensão caso não exista CREATE EXTENSION IF NOT EXISTS pgcrypto; -- Criação da tabela pessoas CREATE TABLE pessoas ( ID UUID DEFAULT gen_random_uuid ( ) PRIMARY KEY, nome TEXT NOT NULL );

-- Busca Pessoa na tabela SELECT * FROM "pessoas" WHERE uuid_to_ulid ( ID ) = '252FAC9F3V8EF80SSDK8PXW02F'; ```

Fontes

• https://github.com/scoville/pgsql-ulid
• https://github.com/geckoboard/pgulid

@ 91bea5cd:1df4451c

Definição de ULID:

Timestamp 48 bits, Aleatoriedade 80 bits Sendo Timestamp 48 bits inteiro, tempo UNIX em milissegundos, Não ficará sem espaço até o ano 10889 d.C. e Aleatoriedade 80 bits, Fonte criptograficamente segura de aleatoriedade, se possível.

Gerar ULID

```sql

CREATE EXTENSION IF NOT EXISTS pgcrypto;

CREATE FUNCTION generate_ulid() RETURNS TEXT AS $$ DECLARE -- Crockford's Base32 encoding BYTEA = '0123456789ABCDEFGHJKMNPQRSTVWXYZ'; timestamp BYTEA = E'\000\000\000\000\000\000'; output TEXT = '';

unix_time BIGINT; ulid BYTEA; BEGIN -- 6 timestamp bytes unix_time = (EXTRACT(EPOCH FROM CLOCK_TIMESTAMP()) * 1000)::BIGINT; timestamp = SET_BYTE(timestamp, 0, (unix_time >> 40)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 1, (unix_time >> 32)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 2, (unix_time >> 24)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 3, (unix_time >> 16)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 4, (unix_time >> 8)::BIT(8)::INTEGER); timestamp = SET_BYTE(timestamp, 5, unix_time::BIT(8)::INTEGER);

-- 10 entropy bytes ulid = timestamp || gen_random_bytes(10);

-- Encode the timestamp output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 0) & 224) >> 5)); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 0) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 1) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 1) & 7) << 2) | ((GET_BYTE(ulid, 2) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 2) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 2) & 1) << 4) | ((GET_BYTE(ulid, 3) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 3) & 15) << 1) | ((GET_BYTE(ulid, 4) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 4) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 4) & 3) << 3) | ((GET_BYTE(ulid, 5) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 5) & 31)));

-- Encode the entropy output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 6) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 6) & 7) << 2) | ((GET_BYTE(ulid, 7) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 7) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 7) & 1) << 4) | ((GET_BYTE(ulid, 8) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 8) & 15) << 1) | ((GET_BYTE(ulid, 9) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 9) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 9) & 3) << 3) | ((GET_BYTE(ulid, 10) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 10) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 11) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 11) & 7) << 2) | ((GET_BYTE(ulid, 12) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 12) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 12) & 1) << 4) | ((GET_BYTE(ulid, 13) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 13) & 15) << 1) | ((GET_BYTE(ulid, 14) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 14) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(ulid, 14) & 3) << 3) | ((GET_BYTE(ulid, 15) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(ulid, 15) & 31)));

RETURN output; END $$ LANGUAGE plpgsql VOLATILE; ```

ULID TO UUID

```sql CREATE OR REPLACE FUNCTION parse_ulid(ulid text) RETURNS bytea AS $$ DECLARE -- 16byte bytes bytea = E'\x00000000 00000000 00000000 00000000'; v char[]; -- Allow for O(1) lookup of index values dec integer[] = ARRAY[ 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 255, 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 255, 255, 255, 255, 255, 255, 255, 10, 11, 12, 13, 14, 15, 16, 17, 1, 18, 19, 1, 20, 21, 0, 22, 23, 24, 25, 26, 255, 27, 28, 29, 30, 31, 255, 255, 255, 255, 255, 255, 10, 11, 12, 13, 14, 15, 16, 17, 1, 18, 19, 1, 20, 21, 0, 22, 23, 24, 25, 26, 255, 27, 28, 29, 30, 31 ]; BEGIN IF NOT ulid ~* '^[0-7][0-9ABCDEFGHJKMNPQRSTVWXYZ]{25}$' THEN RAISE EXCEPTION 'Invalid ULID: %', ulid; END IF;

v = regexp_split_to_array(ulid, '');

-- 6 bytes timestamp (48 bits) bytes = SET_BYTE(bytes, 0, (dec[ASCII(v[1])] << 5) | dec[ASCII(v[2])]); bytes = SET_BYTE(bytes, 1, (dec[ASCII(v[3])] << 3) | (dec[ASCII(v[4])] >> 2)); bytes = SET_BYTE(bytes, 2, (dec[ASCII(v[4])] << 6) | (dec[ASCII(v[5])] << 1) | (dec[ASCII(v[6])] >> 4)); bytes = SET_BYTE(bytes, 3, (dec[ASCII(v[6])] << 4) | (dec[ASCII(v[7])] >> 1)); bytes = SET_BYTE(bytes, 4, (dec[ASCII(v[7])] << 7) | (dec[ASCII(v[8])] << 2) | (dec[ASCII(v[9])] >> 3)); bytes = SET_BYTE(bytes, 5, (dec[ASCII(v[9])] << 5) | dec[ASCII(v[10])]);

-- 10 bytes of entropy (80 bits); bytes = SET_BYTE(bytes, 6, (dec[ASCII(v[11])] << 3) | (dec[ASCII(v[12])] >> 2)); bytes = SET_BYTE(bytes, 7, (dec[ASCII(v[12])] << 6) | (dec[ASCII(v[13])] << 1) | (dec[ASCII(v[14])] >> 4)); bytes = SET_BYTE(bytes, 8, (dec[ASCII(v[14])] << 4) | (dec[ASCII(v[15])] >> 1)); bytes = SET_BYTE(bytes, 9, (dec[ASCII(v[15])] << 7) | (dec[ASCII(v[16])] << 2) | (dec[ASCII(v[17])] >> 3)); bytes = SET_BYTE(bytes, 10, (dec[ASCII(v[17])] << 5) | dec[ASCII(v[18])]); bytes = SET_BYTE(bytes, 11, (dec[ASCII(v[19])] << 3) | (dec[ASCII(v[20])] >> 2)); bytes = SET_BYTE(bytes, 12, (dec[ASCII(v[20])] << 6) | (dec[ASCII(v[21])] << 1) | (dec[ASCII(v[22])] >> 4)); bytes = SET_BYTE(bytes, 13, (dec[ASCII(v[22])] << 4) | (dec[ASCII(v[23])] >> 1)); bytes = SET_BYTE(bytes, 14, (dec[ASCII(v[23])] << 7) | (dec[ASCII(v[24])] << 2) | (dec[ASCII(v[25])] >> 3)); bytes = SET_BYTE(bytes, 15, (dec[ASCII(v[25])] << 5) | dec[ASCII(v[26])]);

RETURN bytes; END $$ LANGUAGE plpgsql IMMUTABLE;

CREATE OR REPLACE FUNCTION ulid_to_uuid(ulid text) RETURNS uuid AS $$ BEGIN RETURN encode(parse_ulid(ulid), 'hex')::uuid; END $$ LANGUAGE plpgsql IMMUTABLE; ```

UUID to ULID

```sql CREATE OR REPLACE FUNCTION uuid_to_ulid(id uuid) RETURNS text AS $$ DECLARE encoding bytea = '0123456789ABCDEFGHJKMNPQRSTVWXYZ'; output text = ''; uuid_bytes bytea = uuid_send(id); BEGIN

-- Encode the timestamp output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 0) & 224) >> 5)); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 0) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 1) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 1) & 7) << 2) | ((GET_BYTE(uuid_bytes, 2) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 2) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 2) & 1) << 4) | ((GET_BYTE(uuid_bytes, 3) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 3) & 15) << 1) | ((GET_BYTE(uuid_bytes, 4) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 4) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 4) & 3) << 3) | ((GET_BYTE(uuid_bytes, 5) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 5) & 31)));

-- Encode the entropy output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 6) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 6) & 7) << 2) | ((GET_BYTE(uuid_bytes, 7) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 7) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 7) & 1) << 4) | ((GET_BYTE(uuid_bytes, 8) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 8) & 15) << 1) | ((GET_BYTE(uuid_bytes, 9) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 9) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 9) & 3) << 3) | ((GET_BYTE(uuid_bytes, 10) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 10) & 31))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 11) & 248) >> 3)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 11) & 7) << 2) | ((GET_BYTE(uuid_bytes, 12) & 192) >> 6))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 12) & 62) >> 1)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 12) & 1) << 4) | ((GET_BYTE(uuid_bytes, 13) & 240) >> 4))); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 13) & 15) << 1) | ((GET_BYTE(uuid_bytes, 14) & 128) >> 7))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 14) & 124) >> 2)); output = output || CHR(GET_BYTE(encoding, ((GET_BYTE(uuid_bytes, 14) & 3) << 3) | ((GET_BYTE(uuid_bytes, 15) & 224) >> 5))); output = output || CHR(GET_BYTE(encoding, (GET_BYTE(uuid_bytes, 15) & 31)));

RETURN output; END $$ LANGUAGE plpgsql IMMUTABLE; ```

Gera 11 Digitos aleatórios: YBKXG0CKTH4

```sql -- Cria a extensão pgcrypto para gerar uuid CREATE EXTENSION IF NOT EXISTS pgcrypto;

-- Cria a função para gerar ULID CREATE OR REPLACE FUNCTION gen_lrandom() RETURNS TEXT AS $$ DECLARE ts_millis BIGINT; ts_chars TEXT; random_bytes BYTEA; random_chars TEXT; base32_chars TEXT := '0123456789ABCDEFGHJKMNPQRSTVWXYZ'; i INT; BEGIN -- Pega o timestamp em milissegundos ts_millis := FLOOR(EXTRACT(EPOCH FROM clock_timestamp()) * 1000)::BIGINT;

-- Converte o timestamp para base32
ts_chars := '';
FOR i IN REVERSE 0..11 LOOP
    ts_chars := ts_chars || substr(base32_chars, ((ts_millis >> (5 * i)) & 31) + 1, 1);
END LOOP;

-- Gera 10 bytes aleatórios e converte para base32
random_bytes := gen_random_bytes(10);
random_chars := '';
FOR i IN 0..9 LOOP
    random_chars := random_chars || substr(base32_chars, ((get_byte(random_bytes, i) >> 3) & 31) + 1, 1);
    IF i < 9 THEN
        random_chars := random_chars || substr(base32_chars, (((get_byte(random_bytes, i) & 7) << 2) | (get_byte(random_bytes, i + 1) >> 6)) & 31 + 1, 1);
    ELSE
        random_chars := random_chars || substr(base32_chars, ((get_byte(random_bytes, i) & 7) << 2) + 1, 1);
    END IF;
END LOOP;

-- Concatena o timestamp e os caracteres aleatórios
RETURN ts_chars || random_chars;

END; $$ LANGUAGE plpgsql; ```

Exemplo de USO

```sql -- Criação da extensão caso não exista CREATE EXTENSION IF NOT EXISTS pgcrypto; -- Criação da tabela pessoas CREATE TABLE pessoas ( ID UUID DEFAULT gen_random_uuid ( ) PRIMARY KEY, nome TEXT NOT NULL );

-- Busca Pessoa na tabela SELECT * FROM "pessoas" WHERE uuid_to_ulid ( ID ) = '252FAC9F3V8EF80SSDK8PXW02F'; ```

Fontes

• https://github.com/scoville/pgsql-ulid
• https://github.com/geckoboard/pgulid

@ e3ba5e1a:5e433365

President Trump has started rolling out his tariffs, something I blogged about in November. People are talking about these tariffs a lot right now, with many people (correctly) commenting on how consumers will end up with higher prices as a result of these tariffs. While that part is true, I’ve seen a lot of people taking it to the next, incorrect step: that consumers will pay the entirety of the tax. I put up a poll on X to see what people thought, and while the right answer got a lot of votes, it wasn't the winner.

For purposes of this blog post, our ultimate question will be the following:

• Suppose apples currently sell for $1 each in the entire United States.
• There are domestic sellers and foreign sellers of apples, all receiving the same price.
• There are no taxes or tariffs on the purchase of apples.
• The question is: if the US federal government puts a $0.50 import tariff per apple, what will be the change in the following:
• Number of apples bought in the US
• Price paid by buyers for apples in the US
• Post-tax price received by domestic apple producers
• Post-tax price received by foreign apple producers

Before we can answer that question, we need to ask an easier, first question: before instituting the tariff, why do apples cost $1?

And finally, before we dive into the details, let me provide you with the answers to the ultimate question. I recommend you try to guess these answers before reading this, and if you get it wrong, try to understand why:

1. The number of apples bought will go down
2. The buyers will pay more for each apple they buy, but not the full amount of the tariff
3. Domestic apple sellers will receive a higher price per apple
4. Foreign apple sellers will receive a lower price per apple, but not lowered by the full amount of the tariff

In other words, regardless of who sends the payment to the government, both taxed parties (domestic buyers and foreign sellers) will absorb some of the costs of the tariff, while domestic sellers will benefit from the protectionism provided by tariffs and be able to sell at a higher price per unit.

Marginal benefit

All of the numbers discussed below are part of a helper Google Sheet I put together for this analysis. Also, apologies about the jagged lines in the charts below, I hadn’t realized before starting on this that there are some difficulties with creating supply and demand charts in Google Sheets.

Let’s say I absolutely love apples, they’re my favorite food. How much would I be willing to pay for a single apple? You might say “$1, that’s the price in the supermarket,” and in many ways you’d be right. If I walk into supermarket A, see apples on sale for $50, and know that I can buy them at supermarket B for $1, I’ll almost certainly leave A and go buy at B.

But that’s not what I mean. What I mean is: how high would the price of apples have to go everywhere so that I’d no longer be willing to buy a single apple? This is a purely personal, subjective opinion. It’s impacted by how much money I have available, other expenses I need to cover, and how much I like apples. But let’s say the number is $5.

How much would I be willing to pay for another apple? Maybe another $5. But how much am I willing to pay for the 1,000th apple? 10,000th? At some point, I’ll get sick of apples, or run out of space to keep the apples, or not be able to eat, cook, and otherwise preserve all those apples before they rot.

The point being: I’ll be progressively willing to spend less and less money for each apple. This form of analysis is called marginal benefit: how much benefit (expressed as dollars I’m willing to spend) will I receive from each apple? This is a downward sloping function: for each additional apple I buy (quantity demanded), the price I’m willing to pay goes down. This is what gives my personal demand curve. And if we aggregate demand curves across all market participants (meaning: everyone interested in buying apples), we end up with something like this:

Assuming no changes in people’s behavior and other conditions in the market, this chart tells us how many apples will be purchased by our buyers at each price point between $0.50 and $5. And ceteris paribus (all else being equal), this will continue to be the demand curve for apples.

Marginal cost

Demand is half the story of economics. The other half is supply, or: how many apples will I sell at each price point? Supply curves are upward sloping: the higher the price, the more a person or company is willing and able to sell a product.

Let’s understand why. Suppose I have an apple orchard. It’s a large property right next to my house. With about 2 minutes of effort, I can walk out of my house, find the nearest tree, pick 5 apples off the tree, and call it a day. 5 apples for 2 minutes of effort is pretty good, right?

Yes, there was all the effort necessary to buy the land, and plant the trees, and water them… and a bunch more than I likely can’t even guess at. We’re going to ignore all of that for our analysis, because for short-term supply-and-demand movement, we can ignore these kinds of sunk costs. One other simplification: in reality, supply curves often start descending before ascending. This accounts for achieving efficiencies of scale after the first number of units purchased. But since both these topics are unneeded for understanding taxes, I won’t go any further.

Anyway, back to my apple orchard. If someone offers me $0.50 per apple, I can do 2 minutes of effort and get $2.50 in revenue, which equates to a $75/hour wage for me. I’m more than happy to pick apples at that price!

However, let’s say someone comes to buy 10,000 apples from me instead. I no longer just walk out to my nearest tree. I’m going to need to get in my truck, drive around, spend the day in the sun, pay for gas, take a day off of my day job (let’s say it pays me $70/hour). The costs go up significantly. Let’s say it takes 5 days to harvest all those apples myself, it costs me $100 in fuel and other expenses, and I lose out on my $70/hour job for 5 days. We end up with:

• Total expenditure: $100 + $70 * 8 hours a day * 5 days \== $2900
• Total revenue: $5000 (10,000 apples at $0.50 each)
• Total profit: $2100

So I’m still willing to sell the apples at this price, but it’s not as attractive as before. And as the number of apples purchased goes up, my costs keep increasing. I’ll need to spend more money on fuel to travel more of my property. At some point I won’t be able to do the work myself anymore, so I’ll need to pay others to work on the farm, and they’ll be slower at picking apples than me (less familiar with the property, less direct motivation, etc.). The point being: at some point, the number of apples can go high enough that the $0.50 price point no longer makes me any money.

This kind of analysis is called marginal cost. It refers to the additional amount of expenditure a seller has to spend in order to produce each additional unit of the good. Marginal costs go up as quantity sold goes up. And like demand curves, if you aggregate this data across all sellers, you get a supply curve like this:

Equilibrium price

We now know, for every price point, how many apples buyers will purchase, and how many apples sellers will sell. Now we find the equilibrium: where the supply and demand curves meet. This point represents where the marginal benefit a buyer would receive from the next buyer would be less than the cost it would take the next seller to make it. Let’s see it in a chart:

You’ll notice that these two graphs cross at the $1 price point, where 63 apples are both demanded (bought by consumers) and supplied (sold by producers). This is our equilibrium price. We also have a visualization of the surplus created by these trades. Everything to the left of the equilibrium point and between the supply and demand curves represents surplus: an area where someone is receiving something of more value than they give. For example:

• When I bought my first apple for $1, but I was willing to spend $5, I made $4 of consumer surplus. The consumer portion of the surplus is everything to the left of the equilibrium point, between the supply and demand curves, and above the equilibrium price point.
• When a seller sells his first apple for $1, but it only cost $0.50 to produce it, the seller made $0.50 of producer surplus. The producer portion of the surplus is everything to the left of the equilibrium point, between the supply and demand curves, and below the equilibrium price point.

Another way of thinking of surplus is “every time someone got a better price than they would have been willing to take.”

OK, with this in place, we now have enough information to figure out how to price in the tariff, which we’ll treat as a negative externality.

Modeling taxes

Alright, the government has now instituted a $0.50 tariff on every apple sold within the US by a foreign producer. We can generally model taxes by either increasing the marginal cost of each unit sold (shifting the supply curve up), or by decreasing the marginal benefit of each unit bought (shifting the demand curve down). In this case, since only some of the producers will pay the tax, it makes more sense to modify the supply curve.

First, let’s see what happens to the foreign seller-only supply curve when you add in the tariff:

With the tariff in place, for each quantity level, the price at which the seller will sell is $0.50 higher than before the tariff. That makes sense: if I was previously willing to sell my 82nd apple for $3, I would now need to charge $3.50 for that apple to cover the cost of the tariff. We see this as the tariff “pushing up” or “pushing left” the original supply curve.

We can add this new supply curve to our existing (unchanged) supply curve for domestic-only sellers, and we end up with a result like this:

The total supply curve adds up the individual foreign and domestic supply curves. At each price point, we add up the total quantity each group would be willing to sell to determine the total quantity supplied for each price point. Once we have that cumulative supply curve defined, we can produce an updated supply-and-demand chart including the tariff:

As we can see, the equilibrium has shifted:

• The equilibrium price paid by consumers has risen from $1 to $1.20.
• The total number of apples purchased has dropped from 63 apples to 60 apples.
• Consumers therefore received 3 less apples. They spent $72 for these 60 apples, whereas previously they spent $63 for 3 more apples, a definite decrease in consumer surplus.
• Foreign producers sold 36 of those apples (see the raw data in the linked Google Sheet), for a gross revenue of $43.20. However, they also need to pay the tariff to the US government, which accounts for $18, meaning they only receive $25.20 post-tariff. Previously, they sold 42 apples at $1 each with no tariff to be paid, meaning they took home $42.
• Domestic producers sold the remaining 24 apples at $1.20, giving them a revenue of $28.80. Since they don’t pay the tariff, they take home all of that money. By contrast, previously, they sold 21 apples at $1, for a take-home of $21.
• The government receives $0.50 for each of the 60 apples sold, or in other words receives $30 in revenue it wouldn’t have received otherwise.

We could be more specific about the surpluses, and calculate the actual areas for consumer surplus, producer surplus, inefficiency from the tariff, and government revenue from the tariff. But I won’t bother, as those calculations get slightly more involved. Instead, let’s just look at the aggregate outcomes:

• Consumers were unquestionably hurt. Their price paid went up by $0.20 per apple, and received less apples.
• Foreign producers were also hurt. Their price received went down from the original $1 to the new post-tariff price of $1.20, minus the $0.50 tariff. In other words: foreign producers only receive $0.70 per apple now. This hurt can be mitigated by shifting sales to other countries without a tariff, but the pain will exist regardless.
• Domestic producers scored. They can sell less apples and make more revenue doing it.
• And the government walked away with an extra $30.

Hopefully you now see the answer to the original questions. Importantly, while the government imposed a $0.50 tariff, neither side fully absorbed that cost. Consumers paid a bit more, foreign producers received a bit less. The exact details of how that tariff was split across the groups is mediated by the relevant supply and demand curves of each group. If you want to learn more about this, the relevant search term is “price elasticity,” or how much a group’s quantity supplied or demanded will change based on changes in the price.

Other taxes

Most taxes are some kind of a tax on trade. Tariffs on apples is an obvious one. But the same applies to income tax (taxing the worker for the trade of labor for money) or payroll tax (same thing, just taxing the employer instead). Interestingly, you can use the same model for analyzing things like tax incentives. For example, if the government decided to subsidize domestic apple production by giving the domestic producers a $0.50 bonus for each apple they sell, we would end up with a similar kind of analysis, except instead of the foreign supply curve shifting up, we’d see the domestic supply curve shifting down.

And generally speaking, this is what you’ll always see with government involvement in the economy. It will result in disrupting an existing equilibrium, letting the market readjust to a new equilibrium, and incentivization of some behavior, causing some people to benefit and others to lose out. We saw with the apple tariff, domestic producers and the government benefited while others lost.

You can see the reverse though with tax incentives. If I give a tax incentive of providing a deduction (not paying income tax) for preschool, we would end up with:

• Government needs to make up the difference in tax revenue, either by raising taxes on others or printing more money (leading to inflation). Either way, those paying the tax or those holding government debased currency will pay a price.
• Those people who don’t use the preschool deduction will receive no benefit, so they simply pay a cost.
• Those who do use the preschool deduction will end up paying less on tax+preschool than they would have otherwise.

This analysis is fully amoral. It’s not saying whether providing subsidized preschool is a good thing or not, it simply tells you where the costs will be felt, and points out that such government interference in free economic choice does result in inefficiencies in the system. Once you have that knowledge, you’re more well educated on making a decision about whether the costs of government intervention are worth the benefits.

@ a012dc82:6458a70d

In the ever-evolving landscape of finance, two names have consistently dominated the conversation in recent years: Bitcoin and Ethereum. These cryptocurrencies have not only revolutionized the way we think about money but have also paved the way for a future where digital assets play a central role. As we stand at the cusp of a new era in finance, it's crucial to understand the significance of these two giants in the crypto world. This article takes a deep dive into Bitcoin and Ethereum, exploring their origins, their impact on the financial sector, and what the future might hold for these digital currencies.

Table of Contents

• Bitcoin: The Pioneer of Cryptocurrency

• Ethereum: More Than Just a Cryptocurrency

• The Impact on the Financial Sector

• The Future Outlook

• Conclusion

• FAQs

Bitcoin: The Pioneer of Cryptocurrency

Bitcoin, created by the mysterious figure or group known as Satoshi Nakamoto, emerged in 2009 as the first decentralized digital currency. It introduced the world to the concept of a blockchain, a distributed ledger technology that ensures security and transparency in transactions. Over the years, Bitcoin has become synonymous with cryptocurrency, often being the first token that comes to mind when discussing digital assets. Its primary appeal lies in its decentralized nature, free from the control of any government or financial institution, offering a form of financial freedom and privacy that traditional currencies cannot.

However, Bitcoin is not without its challenges. Its scalability issues, high transaction fees, and extensive energy consumption due to mining activities have been points of contention. Despite these challenges, Bitcoin has maintained its position as the leading cryptocurrency, often referred to as digital gold, and continues to attract significant investment from both retail and institutional investors.

Ethereum: More Than Just a Cryptocurrency

Ethereum, proposed in late 2013 by programmer Vitalik Buterin, is often considered the second most important cryptocurrency after Bitcoin. However, Ethereum offers much more than just a digital currency; it's a platform for decentralized applications (dApps). The introduction of smart contracts on Ethereum's blockchain has opened up possibilities far beyond simple monetary transactions. These self-executing contracts with the terms of the agreement directly written into code have enabled the development of a wide range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).

Ethereum's flexibility and adaptability have made it a cornerstone of the blockchain development community. However, like Bitcoin, it faces its own set of challenges, including network congestion and high gas fees, especially during peak usage times. The much-anticipated upgrade to Ethereum 2.0 aims to address these issues by shifting from a proof-of-work to a proof-of-stake consensus mechanism, which is expected to significantly increase its scalability and reduce its environmental impact.

The Impact on the Financial Sector

The advent of Bitcoin and Ethereum has had a profound impact on the financial sector. They have challenged traditional financial models and institutions, introducing concepts like decentralized finance, which aims to create a more open and accessible financial system. Cryptocurrencies have also introduced new investment opportunities, with Bitcoin becoming a popular choice for investors looking for an asset that is not correlated with traditional financial markets.

Moreover, the technologies behind these cryptocurrencies, especially blockchain, have found applications in various sectors, including banking, supply chain management, and voting systems. The transparency, security, and efficiency offered by blockchain technology have the potential to revolutionize these industries.

The Future Outlook

Looking ahead, the future of Bitcoin, Ethereum, and cryptocurrencies, in general, is both exciting and uncertain. Regulatory challenges, technological advancements, and market dynamics will play significant roles in shaping their paths. Bitcoin, with its limited supply and increasing adoption, might continue to be seen as a store of value, while Ethereum's transition to Ethereum 2.0 could solidify its position as the leading platform for decentralized applications.

The increasing interest from institutional investors and the integration of cryptocurrency services by major financial players suggest a growing acceptance and maturation of these digital assets. However, the volatile nature of cryptocurrencies remains a significant factor, making them a risky, albeit potentially rewarding, investment.

Conclusion

Bitcoin and Ethereum have undeniably paved the way for a new era in finance, one that is digital, decentralized, and diverse. Their impact extends beyond just the financial sector, influencing technology, governance, and society as a whole. As we move forward, the continuous evolution of these cryptocurrencies and their underlying technologies will undoubtedly play a pivotal role in shaping the future of finance. Whether they will become mainstream elements of our financial system or remain as alternative assets, one thing is certain: Bitcoin and Ethereum have forever changed the landscape of finance, and their journey is far from over.

FAQs

How does Ethereum differ from Bitcoin? While Bitcoin was created primarily as a digital currency, Ethereum is a decentralized platform that enables smart contracts and decentralized applications (dApps). Ethereum's native token, Ether, is used to facilitate these operations.

What are the main uses of Bitcoin and Ethereum? Bitcoin is mainly used as a digital currency and a store of value, often referred to as 'digital gold.' Ethereum, on the other hand, is used to power smart contracts and dApps, playing a crucial role in the decentralized finance (DeFi) and non-fungible token (NFT) sectors.

What are the challenges facing Bitcoin and Ethereum? Bitcoin faces challenges like scalability, high transaction fees, and environmental concerns due to its mining process. Ethereum struggles with network congestion and high gas fees, although its upcoming upgrade to Ethereum 2.0 aims to address these issues.

Are Bitcoin and Ethereum regulated? The regulatory status of Bitcoin and Ethereum varies by country. While some countries have embraced them with specific regulations, others have imposed restrictions or outright bans.

That's all for today

If you want more, be sure to follow us on:

NOSTR: croxroad@getalby.com

X: @croxroadnews.co

Instagram: @croxroadnews.co

Youtube: @croxroadnews

Store: https://croxroad.store

Subscribe to CROX ROAD Bitcoin Only Daily Newsletter

https://www.croxroad.co/subscribe

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ 2ed3596e:98b4cc78

Pay anyone in Canada with bitcoin! One step closer to replacing your bank with Bitcoin Well

Everyone who accepts e-Transfers, now accepts bitcoin! Canadians with a Bitcoin Well account can send money to anyone via e-Transfer using their bitcoin in self custody. Typical transactions, like rent payments, paying friends back for dinner, paying your cleaning lady or even to pay for that new (to you) boom box on Facebook marketplace, can now be paid quickly, securely and cheaper with your Bitcoin Well account. And best of all, it’s all done with bitcoin in self custody. Keep reading to learn more!

How to send an e-Transfer to anyone in Canada using bitcoin:

From the sell page in your Bitcoin Well account you can select the network (Bitcoin or Lightning Network) and how many dollars you’d like to send via e-Transfer. For more information on the Lightning Network click here.

Next you will see a new dropdown where you can choose the recipient for the e-Transfer. It will be the email on your Bitcoin Well account by default.

To add a new recipient, select the drop down and “Add recipient”. Here you will be asked to provide the recipient’s name, email and the security question/answer you’d like to provide for the e-Transfer.

You’ll be responsible for telling them the security question and answer, so don’t forget!

You can also invite your recipient to join Bitcoin Well with your ref link! You’ll earn Bitcoin Well points and sats when they use Bitcoin Well!

If you chose the Bitcoin network:

With all your information entered, you will be able to send bitcoin to the bitcoin address on screen and an e-Transfer will be sent to your recipient after 1 confirmation.

Note! This bitcoin address is permanently associated with your recipient. Any and all bitcoin received by this bitcoin address will be automatically converted into dollars and sent to your recipient; even if you do not login to your Bitcoin Well account!

If you chose the Lightning Network:

Select “Generate Invoice” to generate an LN-invoice which will be associated with your transaction. Once that invoice is paid an e-Transfer will be immediately sent to your desired recipient.

Of course, you can still send sats to your Bitcoin Well Payment Address any time to receive an e-Transfer yourself.

Banks out; Bitcoin Standard in

Bitcoin Well arms its customers with the knowledge and tools to fully live on a Bitcoin Standard and maximize their independence by keeping bitcoin in self custody instead of dollars in their bank.

Bitcoin Well now enables the same instant and fast transfer capabilities as a bank, but facilitated with bitcoin in self custody!

Replace your bank with Bitcoin Well!

Earn sats from your bitcoin transactions

Bitcoin Well is also the best place in the world to earn bitcoin. When you earn points in your Bitcoin Well account, you gain the opportunity to play the Bitcoin (Wishing) Well, where you win sats with every play.

The best part? We send bitcoin that you win straight to your personal wallet via the Lightning Network.

Oh yeah, did we mention you can win 1,000,000 sats? If you're an active Bitcoin Well customer, there is a chance you've earned a pile of points. The more you use your account for buying, selling or spending bitcoin - the more points you’ll earn! Log in to your Bitcoin Well account and check your point balance.

About Bitcoin Well

Bitcoin Well exists to enable independence. We do this by coupling the convenience of modern banking, with the benefits of bitcoin. In other words, we want to make it easy to use bitcoin in self-custody.

@ 9e69e420:d12360c2

Federal employees must remove pronouns from email signatures by the end of the day. This directive comes from internal memos tied to two executive orders signed by Donald Trump. The orders target diversity and equity programs within the government.

CDC, Department of Transportation, and Department of Energy employees were affected. Staff were instructed to make changes in line with revised policy prohibiting certain language.

One CDC employee shared frustration, stating, “In my decade-plus years at CDC, I've never been told what I can and can't put in my email signature.” The directive is part of a broader effort to eliminate DEI initiatives from federal discourse.

@ da0b9bc3:4e30a4a9

It's Finally here Stackers!

It's Friday!

We're about to kick off our weekends with some feel good tracks.

Let's get the party started. Bring me those Feel Good tracks.

It is valentine's so let's get all gooey and soft, let's feel good and loved up.

If the world was ending, I'd wanna be next to you.

https://youtu.be/kPa7bsKwL-c?si=XbAaVfCHLZw6_0n6

Talk Music. Share Tracks. Zap Sats. Let's go!

originally posted at https://stacker.news/items/885888

@ a012dc82:6458a70d

In the ever-evolving landscape of cryptocurrency, a significant development has emerged that is reshaping perceptions and strategies within the industry. Bitcoin, the original and most prominent digital currency, has seen its transaction fees hit a two-year high. This remarkable surge in fees is not merely a statistical blip but a phenomenon that could herald a transformative phase in Bitcoin mining. As we witness these fees reaching unprecedented levels, it prompts a crucial inquiry: Are we on the cusp of a new era in BTC mining, one that redefines its economic and technological paradigms?

Table Of Content

• The Surge in Transaction Fees

• Impact on Bitcoin Miners

• A Divided Community

• The Ripple Effect on Mining Stocks

• The Broader Market Influence

• Conclusion

• FAQs

The Surge in Transaction Fees

The Bitcoin network, known for its robustness and security, has recently been the center of a notable financial trend. Transaction fees have soared to over $37, a figure reminiscent of the peak levels observed in April 2021. This significant increase is not an isolated event but rather a symptom of a larger, more complex shift within the Bitcoin ecosystem. The primary driver behind this surge is the burgeoning interest in Bitcoin NFTs, particularly through a protocol known as Ordinals. This innovative protocol facilitates the storage of non-fungible tokens (NFTs) directly on the Bitcoin blockchain. As a result, there has been a marked increase in transaction volumes, leading to higher fees. This trend reflects a growing interest in utilizing Bitcoin not just as a currency but as a platform for broader digital asset interactions, potentially expanding its use cases and value proposition.

Impact on Bitcoin Miners

The escalation in transaction fees has had a profound and far-reaching impact on the community of Bitcoin miners. These individuals and companies, who form the backbone of the Bitcoin network by validating transactions and maintaining the blockchain, are now witnessing a dramatic shift in their revenue streams. With fees reaching such high levels, their daily income has surged to an estimated $63 million, translating to an extraordinary $23 billion annually. This figure is a significant leap from the average income over the past two years and represents a potential windfall for the mining sector. The increased profitability could lead to renewed investment in mining infrastructure, potentially spurring technological advancements and increased competition within the sector. It also raises questions about the decentralization of Bitcoin mining, as higher profits could lead to further consolidation in an industry already dominated by large players.

A Divided Community

The Bitcoin community, known for its diverse opinions and robust debates, finds itself at a crossroads with the rise of Ordinals and its impact on transaction fees. On one hand, some members of the community, including prominent figures like core developer Luke Dashjr, view the influx of Ordinals as a form of spam that clutters the blockchain and necessitates technical solutions. This perspective underscores concerns about blockchain bloat, transaction prioritization, and the fundamental principles of what Bitcoin should represent. On the other hand, for miners, these high fees have been a significant boon. They have provided a much-needed boost to profitability, especially in a period where the price of Bitcoin itself has been relatively stable. This divergence in views reflects the ongoing evolution of Bitcoin's identity and purpose, as it balances its role as a digital gold, a transactional currency, and now, a platform for digital art and collectibles.

The Ripple Effect on Mining Stocks

The impact of the surge in Bitcoin fees extends beyond the digital realm and into the traditional financial markets. Bitcoin mining stocks, representing companies that invest heavily in the infrastructure required to mine the digital currency, have shown remarkable resilience and growth. Companies like Marathon Digital, Riot Platform, and Cleanspark have seen their stock prices rally, significantly outperforming the actual price of Bitcoin. This trend indicates a growing investor confidence in the mining sector, buoyed by the increased revenue potential from transaction fees. It also suggests a decoupling of sorts, where the mining sector's performance is not solely dependent on the price of Bitcoin but also on other factors like transaction volume and fee structures. This decoupling could attract a new class of investors to the mining stocks, those looking for exposure to the crypto market but with a different risk profile than holding cryptocurrencies directly.

The Broader Market Influence

The performance of Bitcoin mining stocks is also intricately linked to the broader equity markets. As observed by Caleb Franzen, founder of Cubic Analytics, the strong performance of equity markets has provided additional momentum to these stocks. This correlation indicates that Bitcoin mining companies are increasingly being viewed through the lens of traditional financial analysis, where market trends and investor sentiment play a crucial role. The implication is significant: as Bitcoin mining firms become more integrated into the broader market, they may also become more susceptible to the same macroeconomic factors that influence traditional stocks. This integration could lead to greater stability in the mining sector but also exposes it to new types of risks, such as regulatory changes or shifts in investor sentiment unrelated to the crypto market.

Conclusion

The recent developments in Bitcoin transaction fees, driven by the popularity of Ordinals, have ushered in significant changes in the mining landscape. With increased revenues and a positive impact on mining stocks, it's tempting to proclaim the dawn of a new era in Bitcoin mining. However, the sustainability of this trend and its long-term impact on the Bitcoin ecosystem remain subjects of intense speculation and debate. As the community grapples with these changes, the future of Bitcoin mining continues to be a topic of keen interest. Whether this marks a permanent shift or a temporary phase in the cryptocurrency's evolution, one thing is certain: the world of Bitcoin remains as dynamic and unpredictable as ever.

FAQs

What caused the recent spike in Bitcoin transaction fees? The surge in Bitcoin transaction fees to over $37, a two-year high, is primarily attributed to the growing popularity of Bitcoin NFTs, especially through the Ordinals protocol, which allows for the storage of non-fungible tokens on the Bitcoin blockchain.

How does the increase in transaction fees affect Bitcoin miners? Bitcoin miners, who earn BTC for processing transactions, have seen a significant increase in their income due to the higher fees. Their daily revenue has reached approximately $63 million, translating to an estimated $23 billion annually.

What is the Ordinals protocol, and why is it controversial? Ordinals is a protocol that enables the storage of NFTs on the Bitcoin blockchain. It has been controversial within the Bitcoin community, with some viewing it as a beneficial innovation and others as a form of spam that clutters the blockchain.

Have Bitcoin mining stocks been affected by the increase in fees? Yes, Bitcoin mining stocks, such as Marathon Digital, Riot Platform, and Cleanspark, have outperformed the actual price of Bitcoin, indicating growing investor confidence in the mining sector due to increased revenue from transaction fees.

Is the Bitcoin mining industry becoming more centralized? The increase in profitability could lead to further investment in mining infrastructure, potentially leading to more competition but also raising concerns about the centralization of mining power in the hands of large companies.

That's all for today

If you want more, be sure to follow us on:

NOSTR: croxroad@getalby.com

X: @croxroadnews.co

Instagram: @croxroadnews.co

Youtube: @croxroadnews

Store: https://croxroad.store

Subscribe to CROX ROAD Bitcoin Only Daily Newsletter

https://www.croxroad.co/subscribe

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ da0b9bc3:4e30a4a9

Hello Stackers!

Welcome on into the ~Music Corner of the Saloon!

A place where we Talk Music. Share Tracks. Zap Sats.

So stay a while and listen.

🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨

🚨Subscribe to the territory to ensure you never miss a post! 🚨

originally posted at https://stacker.news/items/885591

@ 97c70a44:ad98e322

There was a slight dust up recently over a website someone runs removing a listing for an app someone built based on entirely arbitrary criteria. I'm not to going to attempt to speak for either wounded party, but I would like to share my own personal definition for what constitutes a "nostr app" in an effort to help clarify what might be an otherwise confusing and opaque purity test.

In this post, I will be committing the "no true Scotsman" fallacy, in which I start with the most liberal definition I can come up with, and gradually refine it until all that is left is the purest, gleamingest, most imaginary and unattainable nostr app imaginable. As I write this, I wonder if anything built yet will actually qualify. In any case, here we go.

It uses nostr

The lowest bar for what a "nostr app" might be is an app ("application" - i.e. software, not necessarily a native app of any kind) that has some nostr-specific code in it, but which doesn't take any advantage of what makes nostr distinctive as a protocol.

Examples might include a scraper of some kind which fulfills its charter by fetching data from relays (regardless of whether it validates or retains signatures). Another might be a regular web 2.0 app which provides an option to "log in with nostr" by requesting and storing the user's public key.

In either case, the fact that nostr is involved is entirely neutral. A scraper can scrape html, pdfs, jsonl, whatever data source - nostr relays are just another target. Likewise, a user's key in this scenario is treated merely as an opaque identifier, with no appreciation for the super powers it brings along.

In most cases, this kind of app only exists as a marketing ploy, or less cynically, because it wants to get in on the hype of being a "nostr app", without the developer quite understanding what that means, or having the budget to execute properly on the claim.

It leverages nostr

Some of you might be wondering, "isn't 'leverage' a synonym for 'use'?" And you would be right, but for one connotative difference. It's possible to "use" something improperly, but by definition leverage gives you a mechanical advantage that you wouldn't otherwise have. This is the second category of "nostr app".

This kind of app gets some benefit out of the nostr protocol and network, but in an entirely selfish fashion. The intention of this kind of app is not to augment the nostr network, but to augment its own UX by borrowing some nifty thing from the protocol without really contributing anything back.

Some examples might include:

• Using nostr signers to encrypt or sign data, and then store that data on a proprietary server.
• Using nostr relays as a kind of low-code backend, but using proprietary event payloads.
• Using nostr event kinds to represent data (why), but not leveraging the trustlessness that buys you.

An application in this category might even communicate to its users via nostr DMs - but this doesn't make it a "nostr app" any more than a website that emails you hot deals on herbal supplements is an "email app". These apps are purely parasitic on the nostr ecosystem.

In the long-term, that's not necessarily a bad thing. Email's ubiquity is self-reinforcing. But in the short term, this kind of "nostr app" can actually do damage to nostr's reputation by over-promising and under-delivering.

It complements nostr

Next up, we have apps that get some benefit out of nostr as above, but give back by providing a unique value proposition to nostr users as nostr users. This is a bit of a fine distinction, but for me this category is for apps which focus on solving problems that nostr isn't good at solving, leaving the nostr integration in a secondary or supporting role.

One example of this kind of app was Mutiny (RIP), which not only allowed users to sign in with nostr, but also pulled those users' social graphs so that users could send money to people they knew and trusted. Mutiny was doing a great job of leveraging nostr, as well as providing value to users with nostr identities - but it was still primarily a bitcoin wallet, not a "nostr app" in the purest sense.

Other examples are things like Nostr Nests and Zap.stream, whose core value proposition is streaming video or audio content. Both make great use of nostr identities, data formats, and relays, but they're primarily streaming apps. A good litmus test for things like this is: if you got rid of nostr, would it be the same product (even if inferior in certain ways)?

A similar category is infrastructure providers that benefit nostr by their existence (and may in fact be targeted explicitly at nostr users), but do things in a centralized, old-web way; for example: media hosts, DNS registrars, hosting providers, and CDNs.

To be clear here, I'm not casting aspersions (I don't even know what those are, or where to buy them). All the apps mentioned above use nostr to great effect, and are a real benefit to nostr users. But they are not True Scotsmen.

It embodies nostr

Ok, here we go. This is the crème de la crème, the top du top, the meilleur du meilleur, the bee's knees. The purest, holiest, most chaste category of nostr app out there. The apps which are, indeed, nostr indigitate.

This category of nostr app (see, no quotes this time) can be defined by the converse of the previous category. If nostr was removed from this type of application, would it be impossible to create the same product?

To tease this apart a bit, apps that leverage the technical aspects of nostr are dependent on nostr the protocol, while apps that benefit nostr exclusively via network effect are integrated into nostr the network. An app that does both things is working in symbiosis with nostr as a whole.

An app that embraces both nostr's protocol and its network becomes an organic extension of every other nostr app out there, multiplying both its competitive moat and its contribution to the ecosystem:

• In contrast to apps that only borrow from nostr on the technical level but continue to operate in their own silos, an application integrated into the nostr network comes pre-packaged with existing users, and is able to provide more value to those users because of other nostr products. On nostr, it's a good thing to advertise your competitors.
• In contrast to apps that only market themselves to nostr users without building out a deep integration on the protocol level, a deeply integrated app becomes an asset to every other nostr app by becoming an organic extension of them through interoperability. This results in increased traffic to the app as other developers and users refer people to it instead of solving their problem on their own. This is the "micro-apps" utopia we've all been waiting for.

Credible exit doesn't matter if there aren't alternative services. Interoperability is pointless if other applications don't offer something your app doesn't. Marketing to nostr users doesn't matter if you don't augment their agency as nostr users.

If I had to choose a single NIP that represents the mindset behind this kind of app, it would be NIP 89 A.K.A. "Recommended Application Handlers", which states:

Nostr's discoverability and transparent event interaction is one of its most interesting/novel mechanics. This NIP provides a simple way for clients to discover applications that handle events of a specific kind to ensure smooth cross-client and cross-kind interactions.

These handlers are the glue that holds nostr apps together. A single event, signed by the developer of an application (or by the application's own account) tells anyone who wants to know 1. what event kinds the app supports, 2. how to link to the app (if it's a client), and (if the pubkey also publishes a kind 10002), 3. which relays the app prefers.

As a sidenote, NIP 89 is currently focused more on clients, leaving DVMs, relays, signers, etc somewhat out in the cold. Updating 89 to include tailored listings for each kind of supporting app would be a huge improvement to the protocol. This, plus a good front end for navigating these listings (sorry nostrapp.link, close but no cigar) would obviate the evil centralized websites that curate apps based on arbitrary criteria.

Examples of this kind of app obviously include many kind 1 clients, as well as clients that attempt to bring the benefits of the nostr protocol and network to new use cases - whether long form content, video, image posts, music, emojis, recipes, project management, or any other "content type".

To drill down into one example, let's think for a moment about forms. What's so great about a forms app that is built on nostr? Well,

• There is a spec for forms and responses, which means that...
• Multiple clients can implement the same data format, allowing for credible exit and user choice, even of...
• Other products not focused on forms, which can still view, respond to, or embed forms, and which can send their users via NIP 89 to a client that does...
• Cryptographically sign forms and responses, which means they are self-authenticating and can be sent to...
• Multiple relays, which reduces the amount of trust necessary to be confident results haven't been deliberately "lost".

Show me a forms product that does all of those things, and isn't built on nostr. You can't, because it doesn't exist. Meanwhile, there are plenty of image hosts with APIs, streaming services, and bitcoin wallets which have basically the same levels of censorship resistance, interoperability, and network effect as if they weren't built on nostr.

It supports nostr

Notice I haven't said anything about whether relays, signers, blossom servers, software libraries, DVMs, and the accumulated addenda of the nostr ecosystem are nostr apps. Well, they are (usually).

This is the category of nostr app that gets none of the credit for doing all of the work. There's no question that they qualify as beautiful nostrcorns, because their value propositions are entirely meaningless outside of the context of nostr. Who needs a signer if you don't have a cryptographic identity you need to protect? DVMs are literally impossible to use without relays. How are you going to find the blossom server that will serve a given hash if you don't know which servers the publishing user has selected to store their content?

In addition to being entirely contextualized by nostr architecture, this type of nostr app is valuable because it does things "the nostr way". By that I mean that they don't simply try to replicate existing internet functionality into a nostr context; instead, they create entirely new ways of putting the basic building blocks of the internet back together.

A great example of this is how Nostr Connect, Nostr Wallet Connect, and DVMs all use relays as brokers, which allows service providers to avoid having to accept incoming network connections. This opens up really interesting possibilities all on its own.

So while I might hesitate to call many of these things "apps", they are certainly "nostr".

Appendix: it smells like a NINO

So, let's say you've created an app, but when you show it to people they politely smile, nod, and call it a NINO (Nostr In Name Only). What's a hacker to do? Well, here's your handy-dandy guide on how to wash that NINO stench off and Become a Nostr.

You app might be a NINO if:

• There's no NIP for your data format (or you're abusing NIP 78, 32, etc by inventing a sub-protocol inside an existing event kind)
• There's a NIP, but no one knows about it because it's in a text file on your hard drive (or buried in your project's repository)
• Your NIP imposes an incompatible/centralized/legacy web paradigm onto nostr
• Your NIP relies on trusted third (or first) parties
• There's only one implementation of your NIP (yours)
• Your core value proposition doesn't depend on relays, events, or nostr identities
• One or more relay urls are hard-coded into the source code
• Your app depends on a specific relay implementation to work (ahem, relay29)
• You don't validate event signatures
• You don't publish events to relays you don't control
• You don't read events from relays you don't control
• You use legacy web services to solve problems, rather than nostr-native solutions
• You use nostr-native solutions, but you've hardcoded their pubkeys or URLs into your app
• You don't use NIP 89 to discover clients and services
• You haven't published a NIP 89 listing for your app
• You don't leverage your users' web of trust for filtering out spam
• You don't respect your users' mute lists
• You try to "own" your users' data

Now let me just re-iterate - it's ok to be a NINO. We need NINOs, because nostr can't (and shouldn't) tackle every problem. You just need to decide whether your app, as a NINO, is actually contributing to the nostr ecosystem, or whether you're just using buzzwords to whitewash a legacy web software product.

If you're in the former camp, great! If you're in the latter, what are you waiting for? Only you can fix your NINO problem. And there are lots of ways to do this, depending on your own unique situation:

• Drop nostr support if it's not doing anyone any good. If you want to build a normal company and make some money, that's perfectly fine.
• Build out your nostr integration - start taking advantage of webs of trust, self-authenticating data, event handlers, etc.
• Work around the problem. Think you need a special relay feature for your app to work? Guess again. Consider encryption, AUTH, DVMs, or better data formats.
• Think your idea is a good one? Talk to other devs or open a PR to the nips repo. No one can adopt your NIP if they don't know about it.
• Keep going. It can sometimes be hard to distinguish a research project from a NINO. New ideas have to be built out before they can be fully appreciated.
• Listen to advice. Nostr developers are friendly and happy to help. If you're not sure why you're getting traction, ask!

I sincerely hope this article is useful for all of you out there in NINO land. Maybe this made you feel better about not passing the totally optional nostr app purity test. Or maybe it gave you some actionable next steps towards making a great NINON (Nostr In Not Only Name) app. In either case, GM and PV.

@ f1989a96:bcaaf2c1

Good morning, readers!

In Nigeria, financial officials are revising digital asset regulations to impose taxes on digital asset transactions on regulated exchanges. This aims to bolster state revenue as more citizens turn to Bitcoin in response to rampant inflation, the naira’s devaluation, and the regime's ever-increasing financial controls.

Meanwhile, in Cuba, thousands of citizens remain unable to access money the regime forced them to convert into Certificates of Deposit (CDs) in 2021. These funds have not been returned by the Communist Party of Cuba. If they eventually are, they will be paid out in since-hyperinflated Cuban pesos, a reality that stands in stark contrast to regime propaganda that it is working “for the people.”

In open-source freedom tech news, we feature NostrPIX, an experimental tool built during the bitcoin++ developer hackathon in Florianopolis, Brazil. It allows anyone in Brazil to pay any merchant or individual with Bitcoin over the Lightning Network. While it is still in its early stages of development, this stands to enable Bitcoin payments at nearly every merchant in Brazil, similar to how apps like Tando enable Bitcoin payments across Kenya.\ \ We end with the official livestreams of the HRF-supported bitcoin++ developer conference in Florianopolis, Brazil, that brought together open-source developers and freedom tech enthusiasts for four days of technical gatherings to enhance Bitcoin’s privacy, usability, and censorship resistance. These livestreams offer a unique chance to view and understand the presentations and workshops at the event.

Now, let’s jump right in!

Subscribe Here

GLOBAL NEWS

Nigeria | Introducing Digital Asset Transaction Tax to Boost State Revenue

Nigerian officials plan to amend their digital asset regulations to tax digital asset transactions in a coercive effort to boost the regime’s dwindling revenues. The Nigerian Securities and Exchange Commission (SEC) is reviewing a new framework to tax transactions on regulated exchanges, allowing the regime to extract even more value from the growing digital asset sector. Nigerians, especially the younger population, increasingly have turned to Bitcoin and stablecoins to escape high inflation, a devalued naira, and an authoritarian regime that repeatedly undermines financial autonomy and human rights. The new tax could hinder the efficiency of tools like Bitcoin by making transactions more expensive. But enforcing this tax beyond regulated platforms presents a challenge. Bitcoin held in self-custody and transacted peer-to-peer remains largely outside the reach of authoritarian states.

Cuba | Citizens Remain Locked Out of Devalued Funds

Thousands of Cubans remain locked out of their savings after the regime forced them to convert Cuban Convertible Peso (CUC) deposits into Certificates of Deposit (CDs) in 2021. This policy was part of the “Tarea Ordenamiento” economic reforms, which eliminated the CUC, a convertible currency previously pegged to the US dollar. For years, Cubans who received foreign currency — whether through work abroad or remittances — were required to exchange it for CUCs, expecting they could later redeem those CUCs for dollars or other foreign currencies. But when the regime eliminated the CUC in 2021, it forced depositors to either accept a heavily devalued exchange rate for Cuban pesos (far worse than the advertised 24-1 ratio) or convert their money into Certificates of Deposit (CDs), with the promise of returning the equivalent value in foreign currency once liquidity allowed. Unbeknownst to Cubans, the CDs paid a negligible 0.15% interest and had no clear timeline for repayment. Today, many depositors still can’t access their money.

Google | Facilitating Censorship in Russia and China

Google is actively assisting authoritarian regimes like China and Russia to censor dissent, removing online content critical of the Kremlin and Chinese Communist Party. In Russia, Google complied with government requests to erase YouTube videos opposing the war in Ukraine, while in China, it removed references to the Tiananmen Square massacre and pro-democracy activism. With more than 70% of Russians relying on YouTube for news and China’s Great Firewall blocking independent sources, corporate compliance with state censorship enables state propaganda to proliferate as a dominant narrative. For activists and nonprofits seeking uncensorable communications, nostr — an open and decentralized protocol — offers a way to share information beyond the reach of authoritarian regimes. Activists and NGOs can get started here.

World | Transnational Repression Most Common Under CBDC-Leading Countries

New data from Freedom House reveals that 23 governments engaged in transnational repression in 2024, using abductions, assassinations, and forced deportations to silence exiled dissidents. Leading perpetrators include the authoritarian regimes of China, Russia, Iran, and Turkey — orchestrating over 1,200 incidents in the past decade. Notably, many of these regimes are at the forefront of central bank digital currency (CBDC) development, a technology that drastically increases state control over financial activity. By allowing governments to surveil, freeze, and block funds in real time, CBDCs strip activists of financial privacy and force them into greater vulnerability. As authoritarian states refine both digital and physical methods of repression, CBDCs may become a powerful weapon for crushing dissent beyond borders.

Niger | Delays Democratic Elections While Citizens Financially Struggle

Niger’s deteriorating economic conditions are set to continue as the ruling military junta has proposed delaying democratic elections until at least 2030 to contain a “security threat.” Army commander Abdourahamane Tchiani, who came to power in a 2023 coup, originally pledged a three-year transition to civilian rule. Now, that timeline appears extended to five years, allowing “the junta to restore security and regain control of territory captured by Islamist militants that have expanded their insurgency in recent months.” With inflation eroding Nigerien’s purchasing power and the general economic well-being of citizens declining, Niger can’t afford more military rule. This could be a pretext for Tchiani to consolidate power, especially as discussions emerge about dissolving political parties and granting him the rank of general.

_______________

Webinar Series for Nonprofits: Become Unstoppable

HRF will host a free, three-day webinar from March 17-19, teaching human rights defenders and nonprofits how to use Bitcoin to counter state censorship and confiscation. Sessions run daily from 10:30 a.m. to 12:00 p.m. EDT and are beginner-friendly. The webinar will be led by Anna Chekhovich, HRF’s Bitcoin nonprofit adoption lead and financial manager at Alexei Navalny’s Anti-Corruption Foundation, and co-taught by the prominent Bitcoin educator Ben Perrin.

Register for webinar

SXSW | The Human Rights Risks of Central Bank Digital Currencies (CBDCs)

Join HRF at SXSW 2025 in Austin from March 7-13 to explore how CBDCs threaten financial freedom. Experts Roger Huang, Charlene Fadirepo, and Nick Anthony will discuss how authoritarian regimes use CBDCs for surveillance and control. Attendees can also visit HRF’s CBDC Tracker booth to explore an interactive map of CBDC developments worldwide. 

Get your tickets

_______________

BITCOIN AND FREEDOM TECH NEWS

NostrPIX | Enabling Bitcoin Payments in Brazil

NostrPIX is a new tool built just a few days ago during the bitcoin++ hackathon in Florianopolis, Brazil, that lets users pay any merchant or individual in Brazil with Bitcoin over the Lightning Network. To use NostrPIX, users scan a Pix QR code (the country’s widely used digital payment system) and pay with bitcoin from their Lightning wallet. Designed with the unbanked in mind, NostrPIX lets those who cannot open a Brazilian bank account to transact with Bitcoin and Pix (no sign-ups required, just instant payments). Its innovative approach won the bitcoin++ hackathon, showcasing its potential to bridge Bitcoin with traditional systems. While still a proof of concept, NostrPIX joins projects like Tando in Kenya, making Bitcoin more practical for everyday commerce and could inspire similar products elsewhere in countries facing political oppression.

Iris | Implements Double Ratchet Messaging for Better Privacy

Iris, a client for Nostr launched by Martti Malmi, implemented double ratchet messaging, an encryption algorithm similar to that used by Signal, significantly improving private communications for activists and human rights defenders. This ensures message metadata remains hidden, and with its implementation, past and future conversations on Iris stay private even if a user’s main Nostr private key is compromised. This upgrade empowers individuals in difficult political environments to communicate without fear of surveillance by reducing the risks of authoritarian regimes tracking their conversations. HRF is proud to have helped support Malmi as he invented and launched this innovation.

Presidio Bitcoin | New Bitcoin Co-Working and Events Space in Bay Area

Presidio Bitcoin is the Bay Area’s first dedicated co-working and events space. Located in San Francisco’s famous Presidio neighborhood, it will be a collaborative space for developers, educators, and freedom tech enthusiasts to connect, work, and innovate together to drive Bitcoin adoption forward. It draws inspiration from other Bitcoin hubs worldwide, like Bitcoin Park in Nashville, Tenn., Bitcoin House Bali in Indonesia, and Bitcoin Ekasi in South Africa. This time, aiming to create a community of Bitcoiners in the tech capital of the US. Presidio Bitcoin hopes to foster new talent and secure greater funding from Silicon Valley, becoming a central meeting point for those passionate about Bitcoin and freedom. HRF Freedom Fellows were able to visit the space recently, and HRF staff will be speaking at upcoming events at the venue in the near future. Check the space out here.

Cashu | Releases Cashu Development Kit

Cashu, an open-source Chaumian ecash protocol for Bitcoin integrated with the Lightning Network, released the Cashu Development Kit (CDK) in Rust (a common programming language). This makes it easier for developers to build and integrate Cashu wallets, expanding access to private Bitcoin transactions. With Cashu, users can spend Bitcoin-backed ecash without revealing their identity or transaction history. This enables private, cheap, and fast transactions with the tradeoff of being custodial. As digital financial surveillance increases, ecash offers an alternative to remain private. The CDK release expands the reach of said private Bitcoin transactions, providing more safety and anonymity for dissidents.

RoboSats | Adds LNp2pBot Orders on Android App

RoboSats, a privacy-focused peer-to-peer (P2P) Bitcoin exchange powered by the Lightning Network, added support for LNp2pBot orders in its Android app. Previously, users used Telegram to interact with LNp2pBot for P2P bitcoin trades. Now, they can access P2P orders directly from the RoboSats Android app. This integration enhances usability by reducing platform dependency and provides users with greater liquidity for P2P trades. HRF is pleased to see the continued development and interoperability of privacy-focused, self-custodial Bitcoin on and off ramps from this Bitcoin Development Fund grantee.

Bitcoin Dada | Visits Bitcoin Mining Site for Hands-On Learning

Bitcoin Dada, an HRF-supported nonprofit empowering African women with financial literacy and Bitcoin education, recently took its students on a trip to a Bitcoin mining site operated by Gridless in Kibwezi, Kenya. This visit provided students firsthand exposure to Bitcoin mining’s potential for driving economic growth and expanding electricity access in rural African communities while simultaneously helping decentralize the network. The site repurposes sisal waste (the waste from fiber production) to generate electricity, reduce blackouts, and provide power to homes in Kibwezi. As more and more off-grid sites like this come online, Bitcoin’s mining composition becomes less centralized and stronger against threats from authoritarian states.

RECOMMENDED CONTENT

bitcoin++ Developer Conference Livestream

Last week, bitcoin++ hosted the  “hacking edition” developer conference in Florianopolis, Brazil. The event brought together Bitcoin developers and freedom tech enthusiasts for four days of hands-on development, workshops, and technical discussions to enhance Bitcoin’s privacy, accessibility, and censorship resistance. If you missed the event, you can catch the key sessions and workshops via live stream. Watch them here.

Nostr: The Importance of Censorship-Resistant Communication for Innovation and Human Progress

In this article for Bitcoin Magazine, Leon Wankum highlights why Nostr, a censorship-resistant protocol, is key to unlocking innovation and free expression. He explains how Nostr enables decentralized content sharing using cryptographic keys and relays, preventing central control of the protocol. This approach ensures that no single entity controls the flow of information, thereby enhancing freedom of expression. Alongside Bitcoin, Nostr has the potential to break corporate and state monopolies, allowing for grassroots progress and innovation on the individual level. You can read the full article here.

If this article was forwarded to you and you enjoyed reading it, please consider subscribing to the Financial Freedom Report here.

Support the newsletter by donating bitcoin to HRF’s Financial Freedom program via BTCPay.\ Want to contribute to the newsletter? Submit tips, stories, news, and ideas by emailing us at ffreport @ hrf.org

The Bitcoin Development Fund (BDF) is accepting grant proposals on an ongoing basis. The Bitcoin Development Fund is looking to support Bitcoin developers, community builders, and educators. Submit proposals here.

Subscribe to newsletter

Apply for a grant

Support our work

Visit our website