They gotta do it. Buying a coffee with 0.00005706 bitcoins makes it too obvious how worthless the government currency is.
It’s usury. Period. There’s a place for credit in life, I’m not saying you should borrow 0 money ever. But the intent is to get your bitcoin. Otherwise they wouldn’t offer the product.
Generals ain’t the best combat soldiers, etc. Knowledge and Practice/application are two different things that are not invalidated when not accompanied by the other. Intellectuals/academics historically play an important role in society (provided that they’re not captured) but aren’t necessarily “doers”. Society needs both to function optimally. It’s good to be proud of work but work isn’t everything. Strategy and design optimize workers and make them more efficient
Devils advocate: Some of the best coaches in American sports have been dudes that weren’t really that good when they played or never played in the league they coached in. Not disagreeing with you. Just pointing out that it’s not simply white and black. Data is data and it’s up to you to decide what has value and what doesn’t. Writing off data because it doesn’t fit some archetype you have predetermined is objectively sub-optimal 🤷‍♂️
Bitcoin existing doesn’t make Gresham’s law go away. The shitty currency gets spent and the good one gets saved. You can buy groceries with gold and silver in Texas but nobody does.
The knots vs core debate is propaganda to try and marginalize people who are financially literate into forking themselves off the longest chain and into irrelevancy. Knots is for ideologues and when the fork comes you will choose poverty.
The use case is being able to speak without risk of censorship. We just need more important people saying more important things here. Journalists breaking big stories that otherwise would be shut down on centralized platforms for instance. The problem isn’t so much the protocol, it’s the people using it. If you want more people to use NOSTR, create an environment for people who would otherwise be silenced to be free. And I’m not talking about niche Devs. How Reasearchstr, a place where academic papers can be published that maybe aren’t going to make the lancet because the findings aren’t to the fancy of proctor and gamble or unilever. Or Teachstr, a place where teachers can get together and form real curriculums outside of the confines of what federally funded public schools can provide. The value is rules but no rulers right? The natural product-market fit is to cater to environments that thrive with minimal oversight.
Knots was outed as a grifter movement with bad intentions a while ago. You can’t divide the bitcoin network, sorry. Better luck next time.
The tulip bubble lasted from 1634 to 1637, popped, and never happened again. Bitcoin has had multiple 1000+% price increases over the last 15 years and is currently chilling at over 100k 🤷‍♂️
And then you realize the government has no incentive to fix it because it’s propping up the mortgage backed securities market and property tax revenues/cap gains tax revenue from sales on the inflated prices. If the government did want to fix it, it would require massive massive QE to stave off the bank contagion and treasury market disruption.
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