People will eventually understand the scam behind fractional reserve banking and escape the banking system!
xellox
xellox@iris.to
npub1nt2x...lhax
Building next-generation solutions for cold storage and self-custody.
The search engine was the “killer app” of the modern internet. It took many iterations until Google made it right.
The wallet is the killer app of the decentralised web. It’s a decentralised profile that let’s you act in the digital realm with privacy and self-sovereignty.
The sad truth is that mainstream media is basically a reality tv show meant to distract the masses from what’s really happening.
The modern economic system is about creating problems by issuing too much credit and then ”solving” these problems by issuing far less.
Assets on a decentralised blockchain are the only ones that can’t be taken from us with force. We can store a seed phrase in our brain.
Unfortunately, it won’t always be like this. We’ll reach a point where seed phrases become too long for humans to remember.
Computers were seen as tools of surveillance and increased control in the early days. Later, people understood the possibilities for increased equality and freedom that they offered.
Bitcoin is the same, a lot of people still think Bitcoin is gambling for rich people with lambos.
Fiat is backed by the peoples trust in their governments.
As these governments inflate their currencies more and more, the peoples trust weakens.
Apple has achieved great success by creating integrated products that work seamlessly together. At the same time they’ve trapped people them in their ecosystem.
A decentralised blockchain enables anyone to create products that integrate seamlessly with others, a united ecosystem!
How can the US call itself a capitalist country, a free market economy, while giving money to a very select group of companies (banks) so they don't loose customer deposits?
Sam Bankman-Fried is going to jail for decades because he gambled with clients money and lost...
The most disruptive technologies are always disregarded by the mainstream since they disrupt the mainstream narrative.
Communism doesn’t work in the physical world, neither will it work in the digital.
We should strive for digital infrastructure that allows people to actually own their property and identity instead of simply renting it from the gatekeepers.
The biggest shifts in our digital world include huge advancements in both hardware and software.
Why would we need CBDCs?
We already have electronic fiat currency, blockchain won’t make it any less of a scam.
A networks value depends on the number of users.
The decentralisation depends on the cost per user to participate equally.
Your seed phrase is your digital fingerprint.
A completely random and unique password that holds the keys to your digital property and identity.
You need to protect it accordingly!
What's the difference between SVB and FTX?
Nostr/Iris has been feeling a bit slow the past few days...
Work in progress!
What's all this fuss about banks running?
Did they steal money or what?
There should be an easy way to export followers and followees from other social media sites to nostr.
Maybe a plugin that tracks your followers and followees on other sites and recommends them once an npub is found in their bio.
It's hard to find new people to follow and really time consuming to go though twitter followers and followees to see if they've woken up to nostr yet...
It's insane how much "blockchain" is used to scheme money from investors.
There's no point in a centralised blockchain, that's just a database.
Centralised databases can be pegged to THE blockchain by broadcasting a hash/hashes to it.