Price is someone else's metadata.…...

Bitcoin price is just metadata; it’s not even stored in the blockchain.…...

Banking is unverifiable trust.…...

Repeat to yourself 100x “Bitcoin is the asset. Lightning is the rail. Cashu is the credit. And Nostr brings it all together in a permissionless way.” This is what the global financial infrastructure will look like in the future. This is what I’ve concluded in building #nostr #safebox #unstoppable…...

The reason that there is “credit note inflation” (I.e., money printing) is because the layers works at different velocities causing an impedance mismatch between the layers. @Lyn Alden put her finger on this issue in her book, Broken Money, when the telegraph enabled IOUs to travel at the speed…...

This is all it is: Bitcoin is the reserve asset. Lightning is the payment rail. Ecash is the credit note.…...