Know-ster? Naw-ster? Which is it?

zaps!

⛏️

Ok, I’m bored…I’ll zap 200 sats each to the next 5 posts following this one on my feed.

I appreciate the info and thoughts🤙🏻

Must not work with nasty dirty natural gas-electricity. That is a very discerning machine.🤣

I just tried #Nostur and #Yakihone. Conversion was rough on the follower/following count, and now see missing responses in DM and how zap messages are displayed, but those two apps were cluttered vs. simple #damus. I’ll try primal next but keeping expectations low.

You selected the Cabriolet💨

I wish I could say I see what you are saying, but I’ve never seen the messages in zaps.

I went down a different path of “if necessary”, but it underlies your question of ownership and value. Paying for the value as one would IP is an extension of the value transferred in a transaction. The less you know about the counterparty the more you will require in collateral or return for the credit risk. The need to exchange personal information comes from incomplete transactions where credit is extended and debt comes into existence. All parties need to know each other sufficiently to extinguish the debt. Information needs to be sufficient to ensure the debt is settled with the correct person, and conversely, to find the person should the debt not be paid. There’s no difference between P2P transactions than a loan from a bank. Yes, a bank takes as much information from you, but you know everything about the bank, too. Information is the nature of an incomplete transaction whether a loan or a deposit. Does a bank need to know the source of your funds? Of course, not, but like having FDIC insurance in the USA, or simply a vault to hold cash, KYC is a requirement for doing business as a bank transacting in American dollars. But this is not about KYC, it is about personal information sharing requirements. I know you probably thought my next line: bitcoin fixes this. Bitcoin’s instant transfer of value allows closure of transactions in real time. If for some reason, the transaction is purposely incomplete, such as prepaid rent or utility bills in an arrears, the need to exchange information can be reduced but not eliminated completely by using time locks with one of two multi signatures. But again this is a function of incomplete transactions and the need to know how to recover one’s value in case of default still exists. One can avoid all of this by not using the dollar system, and not taking on debts/extending credit.

Thanks for the share. I am 40 minutes in and I never thought Andy would be the biggest voice against paper #bitcoin 🤣🤣 but I loved it Great listen — I suggest Andy think about it like this—when China moved from copper to silver, or silver to gold, and small public company wanted to sell as much debt to buy the new better money, over the course of 1,000 years that company would be the winner. Yes, follow-on issuances fund prior investors as the premium multiple falls, so like a Ponzi scheme. However, this ponzi scheme has an end point as the premium compresses to 1, which by that time the debt service calculations should go to zero if managed correctly and this massive company controls capital to be invested in other opportunities (think Berkshire or BlackRock), so not like a ponzi scheme.

Nice new ride!

Key backups—your future self will thank you. Modulo makes it easy, and for a limited time, FREE SHIPPING. #bitcoin #nostr https://modulo.network/# #modulo.network #physicalprivatekey

beautiful!

You knew about this, right? https://bitcoinfax.net/en

If going in, go all in.

I only regret I have but one follow to give.

Where are you going?

Out of the blue, “Well, it ain’t rainin’.” Made my day.

Breaking ground on #nostr

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