Tim Bouma | Independent Thinker | Pug Owner | Published Author | #SovEng Alum | #Cashu OG | #OpenSats Grantee https://tim-bouma.npub.pro/ 3000 posts
“Illegalization of self” I swiped out of context from a meme. Too good not to forget.… Tim Bouma Dec 18, 2024, 5:17 PM
A Lightning node is still a bit of a pain to run, but it has resulted in a relatively decentralized network of independent operators. Way better than SWIFT, VISA, MC and all those other national payment systems that are more than happy to shut you down on a moment' Tim Bouma Dec 18, 2024, 2:33 PM
Both bitcoin and nostr gave us the ultimate power hack - the ability to self-issue utxos and npubs. Without the ability to self-issue, power would have rapidly re-centralized.… Tim Bouma Dec 18, 2024, 1:57 PM
Meanwhile, the ECB is holding meetings to determine ‘holding limit calibration.’… Tim Bouma Dec 18, 2024, 1:07 PM
For decades (since 1971) governments capitalized on the hack that you never default on the debt of their self-issued currency. Now governments are discovering you can buy finite Bitcoin with a potential infinite amount self-issued currency. If you know your sovereign self-issued currency is going up in… Tim Bouma Dec 18, 2024, 1:04 PM
‘zapping digital gold dust over the internet’ is the best thing I’ve heard since ‘AI is the fungus of the internet.’… Tim Bouma Dec 18, 2024, 12:57 PM
mmt #MMT was born out of the insight that if you issue debt in your own currency, you have no worries about paying it off, because you simply issue more currency. Of course you need to worry about inflation (the capacity of your real economy to absorb this newly-issued currency) Tim Bouma Dec 18, 2024, 12:51 PM
It’s worth remembering that all governments are just a temporary part of a much larger decentralized marketplace.… Tim Bouma Dec 18, 2024, 12:16 PM
The greatest assurance of Bitcoin is that it can exist despite the legal system. That doesn’t mean that it’s illegal, rather that the legal system must adapt to Bitcoin versus the other way around.… Tim Bouma Dec 18, 2024, 12:09 PM
chatgpt Courtesy #ChatGPT The internet as we know it became dominant in the late 1990s, but before its widespread adoption, there were several other network systems and technologies that served similar purposes or competed in the realm of communication, information sharing, and connectivity. Here are some notable examples: Private Networks and… Tim Bouma Dec 18, 2024, 12:04 PM
Imagine mining back in 2009 and someone one telling you that you’d be making the equivalent $5M every 10 minutes in 2024 US dollars.… Tim Bouma Dec 18, 2024, 12:01 PM
I think Chris Dixon is wrong about blockchain identities. npubs do the job. I think he is right about AI and fakes breaking the original covenant of the internet. But it won’t be blockchain that will fix it. IMHO, it will be bearer tokens of value.… Tim Bouma Dec 18, 2024, 11:00 AM
nostr The shitcoinery folk are starting to get the idea that you can send and receive funds without necessarily having a wallet. Unfortunately (fortunately, for us), this capability is tied to bespoke tokens. In the case of #nostr, it can be done having a npub, and a NIP-60 wallet accepting… Tim Bouma Dec 17, 2024, 3:09 PM
