X Is Fiat

X Is Fiat

Comply with Aaron on Nostr or X.

In his Take from yesterday, Frank invited bitcoiners to hitch Nostr: “The world’s biggest bitcoin circular economy.” I endorse this invitation; Nostr aligns a lot better with Bitcoin’s authentic values than — particularly — Elon Musk’s X.

In a lot the identical manner that the cash in your checking account isn’t actually yours, your posts on X aren’t both — in distinction, your Nostr posts are related to your personal public key. Like PayPal blocking cash transfers, X can resolve to censor what you need to say, however no single entity has that energy on Nostr. And whereas X manipulates its algorithm to steer the dialog just like the Fed’s manipulation of rates of interest to steer the financial system, Nostr provides this energy again to the customers. Now that “President Musk” is de facto getting into the White Home, you would even argue X is changing into a part of the federal government. X is fiat.

Maybe much more importantly — at the very least for me personally — my expertise on Nostr is by now superior to what I encounter on X… admittedly a low bar. Whereas I typically discover fascinating insights on Nostr, most of what I see on the platform previously often known as Twitter today are generic TikTok-style memes, rage-bait, and shit takes from Kekius Maximus himself.

I do nonetheless publish on X typically, however I’ve more and more disengaged from the dialog over there and can seemingly proceed to take action. In the meantime, I’ve discovered myself spending extra time on Nostr (particularly via Damus and Amesthyst), and I anticipate this to solely enhance.

Positive, Nostr remains to be area of interest for now, and maybe it’ll stay area of interest in comparison with X. Judging by the hype round ETFs, MicroStrategy and Strategic Bitcoin Reserves, trusting central events is fairly hip amongst many bitcoiners these days, in any case.

However I’ll gladly take Nostr’s area of interest sign over X’s noisy plenty.

This text is a Take. Opinions expressed are totally the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.

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