Tim Bouma | Independent Thinker | Pug Owner | Published Author | #SovEng Alum | #Cashu OG | #OpenSats Grantee https://tim-bouma.npub.pro/ 3000 posts
The deposit and transfer system—a precursor to modern banking—was not invented by a single person or group, but rather evolved over centuries, influenced by multiple civilizations. Here’s a brief overview of its development: Ancient Civilizations: Early Banking Practices • Mesopotamia (circa 2000 BCE): • The first known deposit and… Tim Bouma Dec 30, 2024, 11:49 PM
If you are wondering how close US-Canada relations are: we ask future US presidents to fix our nuclear meltdowns.… Tim Bouma Dec 30, 2024, 11:24 PM
The Hindu-Arabic numeral system was the secret sauce for power at the beginning of the second millennium, which gave rise to international banking and trade (well before the modern state( Now we are well into the third millennium (well past the modern state)...… Tim Bouma Dec 30, 2024, 2:34 PM
nostr The things you can do on the network, even with a crappy #nostr client.… Tim Bouma Dec 30, 2024, 1:51 PM
This gives me hope on the new economy that is being built: people valuing others for the value that they bring to one another, in terms of utility value and transcendent value. With today’s economy, the bulk of these transactions are captured and/or intermediated by the state or… Tim Bouma Dec 30, 2024, 1:38 PM
If you want to be a practically-minded mystic, don’t let anyone else know your private key.… Tim Bouma Dec 30, 2024, 1:31 PM
Core innovations of 12th century finance: introduction of the zero and positional notation. Core innovations of 21st century finance: proof of work and difficulty adjustment.… Tim Bouma Dec 30, 2024, 1:07 PM
Peaceful power transfer - whether it is a sat on a ledger to settle a trade or an incoming government to administer/enforce, that is the ultimate function we are looking for. Peaceful. Power. Transfer.… Tim Bouma Dec 30, 2024, 1:04 PM
nostr This is why I am not so worried about the low number of devs working on #nostr. It’s also why I am not worried about well-funded VCs taking over the protocol. So long as we have mission-driven individuals supported appropriately, we’ll be ok. ——-++ Price's Tim Bouma Dec 30, 2024, 12:20 PM
Great post by @waxwing My additions to this excellent post. The ironic success of Bitcoin is that it exogenized everything of human value and motives, including its governance, leadership and the identity of anyone using the system. That’s the secret of its long-term success, it squeezed out entirely… Tim Bouma Dec 29, 2024, 10:15 PM
“It is possible that if the Templars had survived, they could have become something comparable to the European Central Bank. Sadly, it did not happen. The Templars were finally bullied and tortured into oblivion.”… Tim Bouma Dec 29, 2024, 9:35 PM
Nothing new under the sun. We're just doing it digitally now. This is long before the modern state-sanctioned bankers getting into the mix.… Tim Bouma Dec 29, 2024, 9:01 PM