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Rich Nost
richnost@nostrplebs.com
npub1zw7f...vpu5
Bitcoin hedge wizard. Do not consult me unless as a last resort.
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Rich Nost 6 hours ago
Honestly does the fucking CLN team just react to bug reports or are they actively doing LLM vulnerability checks? I swear to god, this is the last fucking time I am upgrading this teetering pile of shit, before I go back to LND. View quoted note →
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Rich Nost 2 days ago
Anyone remember BCH Nostr? What was like, like 9 years ago?
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Rich Nost 2 days ago
## Bitcoiner logic goes something like this: * People don't understand the origin of inflation * They will only understand it when it overwhelms them * Therefore, we will just sit back, conveniently do nothing, and wait for people to become bitcoiners. Nome of that will happen. Germans experiencing Weimar inflation still had no idea what the causes were. They literally blamed the French, the industrialists, labor, Russians, and of course, the Jews. They did all that blaming while they were watching "prices go up". Conclusion: People will never understand Bitcoin by witnessing inflation. They can only understand it by owning Bitcoin, and Bitcoiners should be thinking about how to get it in the hands of as many people as possible, especially if they don't want to be broadly blamed for "profiteering" off of inflation.
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Rich Nost 3 days ago
This was probably better than whatever the Hell you tried to post anyways. image
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Rich Nost 3 days ago
Bitcoiners talk in sweeping terms about civilizational shit. They will drone on endlessly about how society is broken because of food or family or architecture or art or whatever some influencer has told them to care about next. But how many bitcoiners have you seen actually doing something about any of this? It's annoying. It's mostly a self-congratulatory culture that when, not glazing people that got rich, just complains and waits around to get rich.
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Rich Nost 1 week ago
I maintain that the current cohort of bitcoiners is the worst ever. They piss their pants over a 5% drop. They do literally nothing to improve the profile of Bitcoin in their communities. Which is actually preferable to them interacting with real people. They don't spend bitcoin with local merchants who accept it. Just fucking useless.
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Rich Nost 1 week ago
In the long, long ago, it was suggested that if Bitcoin were to ever be successfully coopted, the solution was simple -- we will just fork. A silly idea for a low-market-cap mindset. Oh how much harder it is to stomp the price, the market dominance, the claws of Bitcoin sinking into retirement accounts and mai street point of sale terminals using lightning as rails. Just think where the XBT/BIP110 folks are starting from. They literally, willingly erased a decade of progres, with no guarantees that, within a decade, they won't be dealing with some similar "existential" crisis -- that it all won't go pear-shaped again and require the fortitude of some hairshirt mob to reset the Bitcoin game again all the way back to zero. That's not how you make progress.
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Rich Nost 1 week ago
Reading When Money Dies makes me realize that there will never be a broad, popular understanding of what inflation is and why it happens. Germans who actually lived through hyperinflation were blaming literally everyone but the government. They blamed the industrialists. They blamed labor. They blamed The French. If you think it is necessary for people to understand Bitcoin at some classic economics philosophical level in order for Bitcoin to win, you might as well give up on it.
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Rich Nost 1 week ago
A good idea that can't get traction is practically no different than a bad idea.
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