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Ov1
Member since: 2023-02-13
Ov1
Ov1 5d

What IF digital payments achieved final settlement without unnecessary delays due to "banking hours/days", didn't have charge back risks due to a "pull payment" system that claws back payments many months after their paid, or have %-based transaction fees that 10x'd the fiat toll booth operators profits simply for moving the decimal point to the right..? How much faster, more effective, and more efficient will merchant trade be when business owners get their money sooner, don't have to account for identity theft causing fraud taking back payments (or oxymoron "capital gains" taxes), and their profit margins increase because the transport rails are permissionless and borderless..? Imagine IF the creators of wealth got to keep more of their wealth, to receive it and redistribute it in minutes instead of days, and their marketable audience is larger because their client base is not limited by lines drawn in the sand or Nanny-State issues credentials!!!

Ov1
Ov1 5d

Just wait until you watch the Children of Dune SciFi series. If you haven't seen it yet, they made it a trilogy that's nearly 9 hrs in total. Absolutely worth it, very well cast and very true to the books. Many of us Dune lovers enjoyed the Children of Dune series even more than the original book and sequel, 'Dune Messiah'. I may just get an audio book version of them all and enjoy them again while I work. Will be interesting to see how much of those philosophical ideas have made me who I am today, without my even realizing I'd absorbed the lessons from them.

Ov1
Ov1 5d

There's a place in that gear system for Fedimint, too. As a parallel group signed Bearer Promise for those already within trusted groups like businesses, churches, and families. Many will find those "promises" easier to trust. The challenge will be in making that trust ephemeral or at least with a threshold that helps users avoid get lazy and trusting too much for too long.

Ov1
Ov1 6d

Seems like these so-called "Samourai" didn't understand the Bushido Code where losing face is worse than death. True Samurai would have gutted themselves and allowed their heads to be taken before "pleading" guilt to a victimless crime they didn't even commit. A Samurai doesn't "plead" with anyone! They certainly wouldn't have handed over their private keys either, these Deb's were role playing at being Samurai, LARPing armchair warriors who buckled, bending the knee when it came time to die in a battle the invited upon themselves.

Ov1
Ov1 3d

This feature is one of the many reasons that Breez is one of my favorite LN wallets. The built in POS, Podcasting 2.0, and the Breez SDK are the other reasons it tops my list. Just make certain to store your recovery credentials!

Ov1
Ov1 7d

The 'time value of money', becoming more valuable in the future than the present, will make spenders more frugal forcing businesses to provide more valuable products and higher quality services. Imagine how much better the marketplace will be when planned obsolescence isn't rewarded because people won't part with their sats as easily. Every expenditure, no matter the form factor of the exchange, has an opportunity cost in sats forgone. Imagine how much business efficiency will improve when charge back risk, bankers' hours, and %-based fees are removed from the equation.

Ov1
Ov1 4d

I just located an article I wrote over 3 years ago that's still relevant and potentially a valuable strategy for those interested safely 'Sailing the Satoshi Seas' today. Enjoy, share, and let me know if you'd like me to start producing more content like this again. I may begin publishing them on both Substack and as long form Nostr posts, there are advantages to both for Bloggers. https://thewayofbitcoin.substack.com/p/sailing-the-satoshi-seas-on-a-personal

Ov1
Ov1 7d

Right, Imagine IF this money could be earned without permission, was immune to physical theft, and grew, rather than shrank, over time... What might we be able to build, protect, and transmit to our descendants with a form of money that has ALL of these traits..? What might the creators of wealth create for us all when they're able to keep what they've earned..? What if brains could finally defeat brawn and those with merit were rewarded properly for it? How different a world might our children inherit now that they have these advantages..?

Ov1
Ov1 8d

Not your server, not your data. Controlling the 'territory', both the server AND the building housing it is essential for true control over our digital selves; our identities, credentials, and content. Mitigation of being placed under siege though, also requires cont rol over the transport rails and the verification of our allies identities and credentials, too. https://image.nostr.build/ade0eeb4da994b7797645d1e55eac0010b48612a2021d128b795a747ea042e3 The First Person Project understands these facts. https://static1.squarespace.com/static/6834ee7c55c6376908871a6d/t/68cc3a8c99a9e21f398ea782/1758214796847/The+First+Person+Project+White+Paper+V1.0.pdf

Ov1
Ov1 11d

I migrated to mailfence.com for similar reasons a couple years ago. Have been building a better Nostr based messaging platform this year partly due to my bad experiences with these platforms. Will be releasing it for limited testing in '2-weeks'.

Ov1
Ov1 12d

Using PayPal for p2p payments with BTC defeats the very purpose of using. The point is that with Bitcoin we no longer need permission, to pay %-based fees, to provide KYC, OR have to take on chargeback risks. Anyone who still uses PayPal to send/receive sats is a programmed house slaves that doesn't understand Bitcoin. I've had PayPal claw back payments made to me as far back as 11 months! With no means of contesting the client's bank that simply took the fiat back from PayPal, leaving me with the bill. Fiat payment rails like PayPal, Venmo, Zelle, etc. and Bitcoin are like oil and water, they do NOT mix. Leave these rent seeking parasitic agents of the Bankster cartels out of the equation. Use Bitcoin the way it was intended directly Peer to Peer to achieve final settlement. Even using custodial LN wallets is FAR superior to these antiquated unnecessary monetary parasites! Don't give PayPal the opportunity to stack sats, provide that value to those who offer the goods and services you choose to spend your sats to purchase!

Ov1
Ov1 12d

I'm working on solutions for enabling securing our Webs of Trust through direct invitations, white listed NIP05s, and encrypted communication stack between our authenticated peers. Trust must be grown organically though, outsourcing it beyond 1 degree of separation creates risk no matter how it's done. I believe the answer is to begin by onboarding those we already know and trust in real life, our immediate and extended family, as well as reliable business associates we maintain ongoing exchange with. Trust, but collateralize, preferentially with reputation. Be careful who you let in to your inner circles, it's not just who you know that matters, in many ways it's who knows you, and that you know what you know, that matters most. Proof of Work done over time cannot be faked, or replaced. THIS is how we safely make our way through THe Great Disillusionment that AI generation has already brought to us all. Most just haven't realized that NO digital content can be considered authentic any longer. Those beautiful women, and fit men, you see in social media are mostly FAKE. Every photo, video, or audio out out by government and corporate officials and mainstream media, also FAKE. Only our own eyes and ears can be trusted, but even our memories cannot, so those are unreliable in the long run too. As spiritual traditions have long taught, ALL reality is subjective, just like 'value', there is no objective Truth except that all things change and are illusions, not the fundamental Truth.

Ov1
Ov1 22d

Google collecting and creating a Honeypot of developers' personally identifiable information does indeed seem a 'bad thing'. KYC compliance requirements are a solution worse than the problem. One that also locks anyone without a physical address and state issued ID out of the software development field. The good news is this will likely inspire more options to be developed that remove them from their privileged position in the ecosystem. My de-googling of phones, more development of Graphene OS, and more PWA options becoming available WILL be a 'good thing'.

Ov1
Ov1 12d

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Welcome to Ov1 spacestr profile!

About Me

A long time Bitcoin Standard bearer actively training myself and my peers (so I have some), in the battle over ownership of our data, our money, and our communication channels in the war between decentralized free individuals and the centralized tyranny of the crowd.

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