TheBitcoinLens / The Bitcoin Lens is on Nostr

Can't unsee it.

Last Notes

2024-08-14 05:03:59 UTC

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How is one skeptical of their own nonsense Govt data but quick to celebrate and cite other country's data? @npub1trr…hdpu

2024-08-14 05:02:25 UTC

https://x.com/profstonge/status/1823334293889860002?t=JvvsJxAe5jTVuXW48j551w&s=19
Struggling with this one from someone who's content usually resonates. The grift, propaganda, theft that is commonplace in my country would blow your minds. All for praising the good and criticizing the bad but this is just an all round uninformed take. If you'd like a latest example of Modi's push (propoganda) to stoke "populism" leading up to our Independence Day which is tomorrow all phone calls now are preceeded by a message from our Supreme leader re a nationalism flag hoisting campaign. This is not Opt in.

2024-07-03 08:08:43 UTC

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@npub1xee…z3mx please refute + help me get involved on here just speaking to myself haha

2024-06-30 07:11:40 UTC

Looking at Macro folks' generally positive comments on India is a headscratcher for someone like me who lives here. Born, raised 97% of my time spent here and Indian in case that needs saying. The level of grift and corruption is unimaginable even for tuned in Bitcoiners who live in the west. Pelosi and co are rookies compared to the shit that goes on here. Sure zoomed out there are favorable tailwinds but how much of that has to do with the people in charge vs demographics and other factors (that I don't pretend to know) is a ?. Balaji especially is too one sided on this topic.

2023-08-25 03:34:23 UTC

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Congratulations!! Can't wait. When will it be available in India?

2023-08-08 04:24:28 UTC

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Bitcoin effectively combines gold’s salability across time with fiat’s salability across space in one apolitical, immutable, open-source package.

2023-08-08 04:23:27 UTC

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Nature provides humans with rewards only when their toil is successful, and similarly, markets only reward humans when they can produce something that others subjectively value.

2023-08-08 04:23:05 UTC

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Fiat increasingly divorces economic reward from economic productivity, and instead bases it on political allegiance.

2023-08-08 04:22:22 UTC

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More than sixty episodes of hyperinflation have taken place in countries using fiat monetary systems in the past century.

2023-08-05 05:18:11 UTC

Re reading The Fiat Standard straight after doing the same for The Bitcoin Standard. Hits different after sequentially + after having far more education under my belt. Will share excerpts that stand out (for me) thank you Saif! Is he not on here?

2023-08-04 05:00:24 UTC

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1. The current assumption that most early adopters are high integrity individuals perpetuated by the miniscule online echo chamber. Have to be open to the possibility if bad actors that can do nothing to the protocol however do not operate in good faith once adoption increases and their bags get more valuable. A version of your caveat on humanity being totally corrupted. Yes the current fiat system enables this more than what a bitcoin based monetary system allows however we don't know what we don't know ie how will the new wealthy conduct themselves. Meet the new boss same as the old boss?
Weak I know but something to ponder.
2. Once deep down the rabbit hole the desire for Bitcoin to succeed is overpowering making it ever harder to steel man and predict downsides. Could it really be so close to perfect? What are we missing given the subconscious desire for it to succeed? Maybe the meme of the whole thing being spun up by the state as an experiment that got away from it? Maybe Satoshis' coins are indeed controlled by bad actors who end up having the most amount of wealth in the new paradigm?

2023-08-04 04:49:02 UTC

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Cheers! There is that rare feeling of optimism in my belly amidst all the doomery courtesy Nostr and Bitcoin. One feeling I've been wrestling with at this stage of my life is how the fiat treadmill has held me and so many of my peers back. For context I do relatively well given where I'm at however the possibility of being able to afford a home for me and my young family is so distant. The best example I often cite is that my wife's grandfather who held a modest job with the government was able to acquire and build a home for his family at 12X his monthly pay cheque. In nominal units my paycheck is exponentially higher than his ever was but the multiple of my paycheck to do what he did is unfathomable and unachievable. Hopefully bitcoin fixes this soon!! @npub1s5y…6q7z @npub1s05…eyhe just two of many who've helped me see the light. Now I focus on being productive and adding value to others and save in bitcoin. If the thesis plays out I'll be fine but I still worry for all those around me who just don't see it yet.

2023-08-04 04:42:55 UTC

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Would love to. India here :)

2023-08-02 08:50:11 UTC

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Amen. Still tons of anxiety being just BTC in India too though. Takes one to know one.

2023-08-02 08:46:11 UTC

Two firsts: Testing Nostr + if my thoughts are just valuable just in my head or others as well.