The talk of a miner has to start with: technical problems. Hope everyone enjoyed! Thanks for the support everyone.

Been working on this for a while now. In case you’re wondering why I’m silent. With two conferences a meetup interview and a workshop coming up. In the end it’s all about the proof of work. Monday morning 4AM, starting off again. 🔥 thanks for all the support View quoted note →

It’s understanding money Sunday once again. In the Dutch financial times a nice article was posted yesterday evening. A translation in English: “Modesty is in order for central banks 20 Sep 20:00 Market participants were already hoping for it, and the Federal Reserve gave it to them on Wednesday. The American system of central banks lowered the interest rate by a large step of 50 basis points. According to Fed chairman Jerome Powell, the American economy is solid, the labor market looks good and the substantial interest rate cut 'is intended to keep it that way'. It turned out to be a difficult message to explain. After all, isn't a smaller interest rate cut of 25 basis points more appropriate if the economy is doing well, the labor market is not doing much yet and inflation is a bit too high? Do policymakers have more concerns than they say? Or is the large interest rate step an acknowledgement that the interest rate should have been lowered in July? In any case, the credibility that the next steps will be cautious and smaller has been partly undermined, now that the Fed immediately took the big step that market participants and commentators were calling for. Try to get the genie back in the bottle. Every time an economic figure disappoints, speculation about the next major interest rate cut will flare up. The Fed is thus cornering itself in a corner where it – or other central banks – should not be. Sentiment on the financial markets is back to business as usual after the corona pandemic and the inflation shock of 2021-2023. If the economy deteriorates somewhat, the central bank must quickly lower interest rates and, if necessary, inflate the balance sheet to support the economy (i.e. the markets). Where investors want to quickly return to the old situation, central banks should be more modest. So far, they have washed their hands of their own role in the inflation shock. According to central bankers, it was due to disruptions on the supply side (corona, Ukraine). Furthermore, the extent to which the inflation wave has been exacerbated by fifteen years of extremely loose monetary policy is mainly dismissed. That question is indeed relevant. The effects of the inflated policy are still seeping through the economy. The run-up in asset prices and inflation has contributed to poverty and growing wealth inequality. And liquidity is still sloshing around – albeit slightly less so. It is telling that the sharp rate hikes of 2022 and 2023 did not cause a recession, despite the energy crisis. That is both nice and strange. The effects of old policies and structural economic changes make it unpredictable how inflation and the economy will develop if interest rates fall sharply. In such an uncertain environment, restraint is appropriate. Of course, interest rates can be lowered if the situation requires it and if it is done cautiously. That message is often preached, but the Fed’s 50 basis point cut and the ECB’s routine rate steps really send a different message.

Is this the reason that Nostr is purple? In the absence of the color spectrum does our brain actually work harder for it? Would purple give us a deeper memory? Interesting color from a marketing perspective.

Interesting read from 2022. https://aaltodoc.aalto.fi/server/api/core/bitstreams/a9958345-65d8-4c53-8522-eeffc4000359/content

This Saturday is going to be the best bitcoin builders party in the middle of nowhere. View quoted note →

When people that depend on shitcoins start to call shitcoins nuclear/toxic waste, are we nearing the end of shitcoins?

The only way to secure digital scarcity is to create physical uncapturable abundance that remains in consensus. In the end digital is just the status of transistors in one or multiple locations. Social consensus among the multiple is a challenge. Money in the end is just a social phenomenon.

If we don’t manage to decentralize mining (templates) before regulatory capture, who will control the “compliance” list?

Sometimes it feels like silence before the storm. But actually it’s not silence, because the rambling is insanely loud. We’ve never sold this amount of goods via our webshop. More and more people are waking up. And we are here to make sure they get to safety and make people understand it requires proof of work to be safe from the fiat massacre. Our building will not stop until we reach our goal. “You can only have a great life when people around you have a great life” will start to ramp up local efforts.

In the bitcoin community there are people who produce things and just send an email: “created this” In todays bitcoin builders, someone translated the amazing video of @Lyn Alden in Dutch: 🙏

Because there was some anon that posted about a free spot at @Satoshis Bleibe : we went. The German bitcoin community is alive and kicking. The amount of proof of work being done by this community is staggering. And I had to do my best to speak some low level German on high level topics. It strengthens to see so many so deep down the rabbithole connecting with each other and their families. Bitcoin will not be stopped because of these people and the next generations embracing its philosophy. Truth is out there and will prevail. Thank you for having us and the amazing time and effort put into this weekend. There is no better place than a church to talk about bitcoin until deep in the night. 🙏

I’ve had a meeting in the Netherlands about attached. Read it and tell me how you feel. Now amplify this feeling times hundred and you’ll know how I feel after this meeting:

Tax transparency rules for crypto-asset transactions (DAC8) | Think Tank | European Parliament

Tax transparency rules for crypto-asset transactions (DAC8)

GM PV

Fiat payments are a pain. Can we incorporate shipping data in somekind of checkout way automatically. Like people use a Nostr plugin or Nostr login where it just shares the shipping data and pays. The single button Apple Pay feature sharing the shipping data automatically is quite simple, plus it automatically generates a private email address. We should have a bitcoin pay button that is able to do the exact same thing. View quoted note →

Sit down relax and watch princes of the yen. Understand where we are living in and what bitcoin solves.

I tend to agree with @bitcoinpierre on the perfect Sunday to learn about money. The current situation fits this early morning read https://mises.org/mises-daily/yield-money-held-reconsidered

So finished some analysis on spent time. Week consists of 168 hours 60 hours sleep 30 hours VBNL.org 30 hours @BitcoinBrabant 20 hours family / friends 20 hours food / household 8 hours ? I think I’ll have to change some things at some point.

On Sundays it’s time to learn about money in general. And the origin of the euro banknotes is fascinating. The short documentary (unfortunately sponsored) I watched is worthwhile understanding. The low time preference and proof of work that went into these notes is admirable. There’s a weird screenshot I took from the documentary and would love to know if this was a joke by the documentary makers? The text (see snippet below) is really in this documentary.

Scammers get to advertise with their fake investment and mining scams, we can’t even post while trying to warn for the scams. View quoted note →