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JackTheMimic
Member since: 2023-04-02
JackTheMimic
JackTheMimic 32m

Spin one up! They're free, I hear 😉.

JackTheMimic
JackTheMimic 1h

While awesome, I am collecting meetups in the USA. You might want to do a UK version including them.

JackTheMimic
JackTheMimic 1h

Added!

JackTheMimic
JackTheMimic 5h

Hey Everyone! Please tag your local Bitcoin meetup Npub so I can add them to a USA BTC Meetup Follower pack. (Share if you could to get as many as we can) So far I have: Please tell me more to add!

JackTheMimic
JackTheMimic 2h

Here is the list thus far, keep sending them in!

JackTheMimic
JackTheMimic 1d

Yeah, it's a brutal position. It's no real consolation but the idea is they are hoping you have a child. It reminds me of when a woman is going through something and tells her husband, because men like to fix things he suggests actions to take instead of just holding her and listening to her. I do this all the time with my wife. She tells me how she feels, I say "why don't you do [such-and-such] solution." And she just gets more upset. I love her and I am coming from a place of love but, that's not what she needs.

JackTheMimic
JackTheMimic 2h

See everyone there!

JackTheMimic
JackTheMimic 1d

By pressure you mean saying "try anyway" or something like that? As far as IVF there are moral considerations because of the multiple acts of conception that are "discarded" which to an anti-abortion person creates a quandry. 1. Advocate for having babies. Or 2. Advocate agaibst discarding fertilized embryos. It's definitely a difficult position.

JackTheMimic
JackTheMimic 2h

Added!

JackTheMimic
JackTheMimic 1d

I don't think that mindset is as common as you might think. Women I know hear things like "I don't want to be a baby factory" or "So what, you let a parasite grow inside of you." This causes a lot of resentment toward women who think having children is a waste or whatever. Never have I heard "I am unable to have a child" met with anything but sympathy from women I know. It is only people who use "parasite" language who respond with cheers or shaming for even trying.

JackTheMimic
JackTheMimic 3h

Added!

JackTheMimic
JackTheMimic 1d

A bearer asset is not redeemable for anything. That's the definition of an asset. An asset IS the thing. So, you keep using that term incorrectly. As far as fractional printing of dollars to gold reserves, yes currency doesn't preclude over-printing. But cashu tokens are not redeemable for the asset like dollars were. They are redeemable for lightning which is THEN redeemable for Bitcoin. Cashu is more akin to (pre 1971) somone depositing dollars to a bank in exchange for credit to be spent outside of business hours. You can then redeem the credit for dollars, THEN redeem those dollars for gold. Again, anything above the first layer is not an asset, it is a liability.

JackTheMimic
JackTheMimic 4h

Added!

JackTheMimic
JackTheMimic 2d

Lol, okay. Again, I am referring to money not some tech bro 4 layer burrito. These layers (I am referring to) apply to gold (L1), Dollars (L2 [prior to 1971]), and treasuries (L3) as well as Bitcoin. As far as the trust, if you CAN do something, people WILL do that. I never said it was a feature. I am explicitly saying it's a bug. Because of the previous trust issue, it can't be claimed that they are 1:1 backed precisely because of the ability to over-issue.

JackTheMimic
JackTheMimic 2d

I am not sure where you are pulling the layer definitions from but these are monetary terms not digital asset specific ones. Money scales in layers Layer 1: The bearer asset with the express purpose of storing value. Layer 2: The coupon/ currency that is redeemable for the bearer asset on demand from the coupon issuer. (In the case of Lightning the issuer is either the party or counter-party) Layer 3: The credit token. This historically is where loans and financial stress is added to the lower layers upon calls to redeem. Because the credit tokens by definition create more tokens than assets outstanding. These are based on reputation and trust to create more value than held in the credited currency. I know that cashu can be minted to layer 1 but it is less secure than lightning so, It is not used that way. Issuing cashu tokens on lighting is creating credit tokens redeemable for lightning/liquid which is then redeemable for bitcoin. There is nothing stopping a mint from issuing more credit that lightning held and redemption is based soley on the reputation and trust in the mint. Cashu is credit.

JackTheMimic
JackTheMimic 2d

I don't want to get into a big thing here but cashu cannot use anything but layer 2 because the system is a credit function (Layer 3). Layer 1- Asset Layer 2- coupon/"currency" Layer 3- credit Cashu uses a minting function which is necessarily a credit based system. Holding asset and issuing a coupon redeemable for the asset is not how cashu is designed because of the asyncronous transactions. Cashu holds a coupon and issues outstanding credit against that.

JackTheMimic
JackTheMimic 2d

Oh, I always use Zapstore (Open source), or Aurora (Google slop). I don't use anything else.

JackTheMimic
JackTheMimic 3d

I need to draw out how banks can still have a role in finance so that people can really understand how financial networks scale. Cashu mints are layer 3 credit instruments that beed layer 2 infrastructure before any of that is possible.

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