🚨 🚨 Please check out this special Op-Ed by our valued contributor #[0]
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NONCE POPULI
#[1]
Yesterday, #[2] announced the launch of “Bitcoin Magazine Historic Covers”, a 1/1 Ordinal NFT collection of its first 23 covers. These digital images of the covers, inscribed on the timechain, will be sold today (April 15th) via a Dutch auction. The choice of auction style is presumably to leverage partially signed bitcoin transactions (PSBT) that allow for a trust-minimized process which would not be possible with a traditional English auction.
The NFT auction is a disappointing decision by Bitcoin Magazine, in my opinion. While the winners will also receive a physical copy of the corresponding magazine, the auction itself is not explicitly for a physical object, but rather a digital representation of it.
The concerns a lot of Bitcoiners have about NFTs on other chains is that value is somehow being ascribed to an infinitely replicable digital object (and in many cases, just a hyperlink to the object). It takes a strong leap of faith to accept this premise, a leap that in my opinion is not compatible with the bitcoin philosophy of value stemming from a scarce, tamper-proof supply of the underlying asset.
Ordinals and inscriptions have brought the ability to do this on the bitcoin timechain. When we started the #gorillawarfare campaign on nostr in February, the motivation wasn’t to tell people what they can or cannot do on an open, free-speech protocol. The motivation was to appeal to their better judgement through good natured humor and memes and make them question what they *ought* and *ought not* do, despite having the ability to do so, on the greatest tool individuals have today to reclaim their sovereignty.
Segwit paved the way for blocks to effectively be 4MB in size. Most assumed that if there was a way to fill up all the blocks, they would be full. Inscriptions are certainly one way of filling up blocks, but so are monetary transactions that liberate users from the fiat system. The question is, which one should a major publication and arguably one of the most powerful voices in the space be promoting?
I would like to believe most of us bitcoiners have a shared mission to make the world a happier, more abundant and peaceful place. Empowering users to use bitcoin as a medium-of-exchange and driving adoption does that. Monke jpegs don’t.
I am appealing to the better judgement of my friends at Bitcoin Magazine to reconsider their decision to launch an NFT collection. Inscriptions are not a good use of blockspace in my opinion and are already attracting charlatans from the broader crypto world to peddle their scams on bitcoin. You have a responsibility to not encourage that.
With this news, I’m almost thinking about selling my Bitcoin 2023 Conference ticket. I’ve already finalized a lot of my plans to go, so it’d be a huge disruption to me deciding. Certainly, if they keep going down this path, I certainly won’t be going to the next conference.
In my opinion, Bitcoin Mag *should* be the guiding light to encourage the global MONETARY adoption, not monke jpegs. I’m not going through shitcoin decontamination just to see it all wind up on #Bitcoin. It’s like BM‘s history with VB as one of the founders is still relevant to today’s current company. With all the shit talking they’ve done about shitcoin No. 1, you’d think they’d be able to look in the mirror and see this.
The ones encouraging Ords/Ins keep saying “if the protocol permits it, too bad” and that’s not what I’m arguing against. I’m arguing that you should have some moral decency to not clog the network and increase fees for blatantly unnecessary garbage. Some things could (maybe) go on the chain, but they should be relevant, useful, free (because you can’t *own* a fucking inscription, scammers), lightweight, and possibly aid in sovereignty/freedom; at the very least, be clever. This is not an extensive list of qualifications, just my ramblings.
CC: #[3] #[1]
#gorillawarfare
THE NOSTR REPORT
STAY HUMBLE, STACK SATS (NOT MONKE JPGS)
Apr 15, 2023
Block Height: 785,577
Moscow Time: 32:92 ⚡/ $
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🎙️Quote of the Day🎙️
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“the gaslighting from inscription promoters is exhausting and starting to really piss me off.
if you are thinking about buying an inscription consider staying humble and stacking sats instead.”
#[0]
#[1]
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🚨Headline Nostr News🚨
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#[2] auctions NFT’s of their historic covers. David Bailey, CEO of Bitcoin Magazine, said, "We're experimenting at the edge of Bitcoin innovation and venturing into uncharted territory.” 🤦♂️
https://bitcoinmagazine.com/culture/bitcoin-magazine-announces-historic-nft-auction
#[3] drops a thoughtful op-ed on #[4] ‘s choice to use blockspace in the #bitcoin timechain to launch a NFT collection. 🤡 🤡
#[6]
Do a deep-dive into The NY Times hit piece on #bitcoin mining and learn about demand response, marginal and average emissions, and how bitcoin miners are playing a valuable role in improving grid resilience and reducing carbon emissions. 🔋🔌⚡️
https://www.btcpolicy.org/articles/the-absurdity-of-the-nyts-latest-bitcoin-hit-piece
#[8] Spread the word about #StopThePresses and #NYTimesUp ‼️ While the NYT hypocritically calls out #bitcoin mining for being wasteful, they continue to cause environmental damage through their wasteful use of the printing press, murdering trees and wasting electricity when there are far more efficient means of sharing the news digitally. ☠️ 🗞️
#[12]
#[13] Next level orange pilling 💊 the Belgian parliament 🧡🔥🧡
#[14]
#[15] updates us on the state of “Prisms”, or automated Lightning payment splits ⚡️⚡️
#[16]
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💻nostr Tech💻
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RIP ☠️☠️ #[17] on twitter. Long live #[18] on Nostr. 👏👏
#[19]
#[20] Onboarding a new user? Check out this super helpful, concise guide by Tony 🤝💜
#[21]
#[22] also created this great resource for newcomers and even existing #nostr users! Everything you need to know from setting your NIP-05 to recovering your followers list 😉
#[24]
#[25] shares a couple of their own tips for new users getting started on #nostr along with resources if you have any questions for them. 💜🤙
#[27]
nostr.world has a great new design! Thanks to #[28] and her creative ways the logo looks amazing. Check out the general survey forms straight from the website in English and Japanese!
#[29] has finally reached the big time thanks to #nostr . We hope he remembers us plebs 🔥🚀😂
#[31]
#[32] After shutting down Tweetoshi (bitcoin-focused Twitter client) to focus full time on Plebstr, Mates shares how meaningful it is to him to see the 🇨🇿Czech community from Tweetoshi join #nostr and being welcomed by jack and others 💜🤙
#[34]
#[35] Developer of Coracle client shares his #nostr story in a new blog post. Find the link to the blog in his note. 💜📝
#[37]
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⚡nostr Business⚡
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#[38] Zebedee Partnership With Bitnob Sees African Gamers Rewarded. Users are rewarded in sats when they play games or when they listen to podcasts and can convert their rewards into local currencies, or make cross-border payments. 🌍
Source: https://tinyurl.com/26uobqju
#[39]
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🔥🔥Meme of the Day🔥🔥
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#[40] BTC Magazine Inscriptions
#[41]
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Stay Classy Nostr.
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