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  <updated>2025-02-01T00:05:38Z</updated>
  <generator>https://nostr.now</generator>

  <title>Nostr notes by snapo</title>
  <author>
    <name>snapo</name>
  </author>
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  <entry>
    <id>https://nostr.now/nevent1qqsflwtrutkznuzfxhwcvyqgwfqcelugrfeyaafklwcqrpzzd78zu7gzypdnsqr3eelc06n7tj88lfpt3apnl7plc7eln9q02p02l08ameyfwu4e6ju</id>
    
      <title type="html">You can consider every VPN provider is compromised.... the only ...</title>
    
    <link rel="alternate" href="https://nostr.now/nevent1qqsflwtrutkznuzfxhwcvyqgwfqcelugrfeyaafklwcqrpzzd78zu7gzypdnsqr3eelc06n7tj88lfpt3apnl7plc7eln9q02p02l08ameyfwu4e6ju" />
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      In reply to &lt;a href=&#39;/nevent1qqspksyjsxld9enj3v6c00tkmmrd07vdhqfas83y67k5a6vesqxq2yqppemhxue69uhkummn9ekx7mp03dkpu0&#39;&gt;nevent1q…kpu0&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;You can consider every VPN provider is compromised.... the only way to surf private is currently via TOR
    </content>
    <updated>2024-07-10T07:38:44Z</updated>
  </entry>

  <entry>
    <id>https://nostr.now/nevent1qqsrdm5je7trrq55305kqp7mpetvxlc26vqumfn4ysclqjmcwfd87wczypdnsqr3eelc06n7tj88lfpt3apnl7plc7eln9q02p02l08ameyfwhwka90</id>
    
      <title type="html">Found the perfect Bank.... 100% reserves, runs 24/7/365, 0% ...</title>
    
    <link rel="alternate" href="https://nostr.now/nevent1qqsrdm5je7trrq55305kqp7mpetvxlc26vqumfn4ysclqjmcwfd87wczypdnsqr3eelc06n7tj88lfpt3apnl7plc7eln9q02p02l08ameyfwhwka90" />
    <content type="html">
      Found the perfect Bank.... &lt;br/&gt;100% reserves, runs 24/7/365, 0% inflation affected, 100% no bailout required, no lending, no employees... it just works with math....&lt;br/&gt;Join the #Bitcoin Bank&lt;br/&gt;&lt;br/&gt;Unlimited new Users accepted.
    </content>
    <updated>2023-03-13T00:55:11Z</updated>
  </entry>

  <entry>
    <id>https://nostr.now/nevent1qqsx7gdy3u82rrzampm7uvjlhj6w8t06vz2sp2d2hfp23rt8xuu3ppszypdnsqr3eelc06n7tj88lfpt3apnl7plc7eln9q02p02l08ameyfw058tcn</id>
    
      <title type="html">if you would understand &amp;#34;risk free&amp;#34; you wouldnt ask ...</title>
    
    <link rel="alternate" href="https://nostr.now/nevent1qqsx7gdy3u82rrzampm7uvjlhj6w8t06vz2sp2d2hfp23rt8xuu3ppszypdnsqr3eelc06n7tj88lfpt3apnl7plc7eln9q02p02l08ameyfw058tcn" />
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      In reply to &lt;a href=&#39;/nevent1qqswe5lku2yqqsn32mkxvh9psqtzfq3nqc2w9vegera885d9kwdja6s0pwqa0&#39;&gt;nevent1q…wqa0&lt;/a&gt;&lt;br/&gt;_________________________&lt;br/&gt;&lt;br/&gt;if you would understand &amp;#34;risk free&amp;#34; you wouldnt ask this.... Nothing in the world is risk free except 1 btc = 1 btc . Everything else includes risk.&lt;br/&gt;&lt;br/&gt;You think bonds will stay that high? for how long? what gurantee you get that there will be no default? What gurantee that there is no war? what gurantee there is that they are not converted to war bonds? ....&lt;br/&gt;&lt;br/&gt;risk free means just &amp;#34;you are blinded to see the risk behind, because you/yourself will be the yield on the product&amp;#34;
    </content>
    <updated>2023-03-04T10:58:41Z</updated>
  </entry>

  <entry>
    <id>https://nostr.now/nevent1qqsq9ncmcxm9yvmxst8htdmeyuwj27dzzcsgnj2js6dw87xpv5c93qgzypdnsqr3eelc06n7tj88lfpt3apnl7plc7eln9q02p02l08ameyfwj4l0t9</id>
    
      <title type="html">I think i figured out how Tether works :-) Entity converts USD to ...</title>
    
    <link rel="alternate" href="https://nostr.now/nevent1qqsq9ncmcxm9yvmxst8htdmeyuwj27dzzcsgnj2js6dw87xpv5c93qgzypdnsqr3eelc06n7tj88lfpt3apnl7plc7eln9q02p02l08ameyfwj4l0t9" />
    <content type="html">
      I think i figured out how Tether works :-)&lt;br/&gt;&lt;br/&gt;&lt;br/&gt;Entity converts USD to USDT&lt;br/&gt;1. Entity sends  USD to Tether&lt;br/&gt;2. Tether buys Bitcoin&lt;br/&gt;3. Thether then issues USDT&lt;br/&gt;&lt;br/&gt;Entity converts USDT to USD&lt;br/&gt;1. Entity sends USDT to Tether&lt;br/&gt;2. Tether sells Bitcoin&lt;br/&gt;3. Tether destroys the USDT in circulation&lt;br/&gt;&lt;br/&gt;&lt;br/&gt;(0 bonds, 0 treasury&amp;#39;s, 0 assets .... pure simple unconfiscatable math)&lt;br/&gt;The revenue is generated from the spread (time between sell and buy)&lt;br/&gt;&lt;br/&gt;&lt;br/&gt;Just an assumption from my side and probably the reason why the US gov cant do shitt about Tether. It also coincides with when the Marketcap of Tether increases , Bitcoins Marketcap increases too (in parallel to everyone else buying)&lt;br/&gt;&lt;br/&gt;&lt;br/&gt;
    </content>
    <updated>2023-03-04T10:46:00Z</updated>
  </entry>

  <entry>
    <id>https://nostr.now/nevent1qqsw5jqzz4ruv3gfayq6nh0wkkrhp4979yngxkcyaqxdcqcgdcccpaczypdnsqr3eelc06n7tj88lfpt3apnl7plc7eln9q02p02l08ameyfw2mnhr5</id>
    
      <title type="html">Anyone have a guess what he means with &amp;#34;Before the ammount of ...</title>
    
    <link rel="alternate" href="https://nostr.now/nevent1qqsw5jqzz4ruv3gfayq6nh0wkkrhp4979yngxkcyaqxdcqcgdcccpaczypdnsqr3eelc06n7tj88lfpt3apnl7plc7eln9q02p02l08ameyfw2mnhr5" />
    <content type="html">
      Anyone have a guess what he means with &amp;#34;Before the ammount of outstanding Bitcoin will create a systemic risk&amp;#34;&lt;br/&gt;&lt;br/&gt;My take from this is he talks about derivativs (options, futures, paper bitcoin), as soon as too manu Bitcoin leave the exchanges, at some point the derivatives will disconnect from the spot price. Think of it this way: you have a promise to pay 10m Bitcoin by the end of 2027, but there are now only 9m Bitcoin available. This means the price in &amp;#34;fiat&amp;#34; terms can reach unlimited or that derivative product defaults. That means if Central Banks do not want to risk their fiat system, they are FORCED to adopt Bitcoin, because sooner or later they will not be able to buy any with fiat, no matter how much they print because the price is &amp;#34;unlimited&amp;#34;. At this point derivative trading isnt possible anymore and all derivative products on bitcoin would default.&lt;br/&gt;&lt;br/&gt;What is your take on his statement?&lt;br/&gt;&lt;br/&gt;&lt;a href=&#34;https://twitter.com/DocumentingBTC/status/1629899770268450817&#34;&gt;https://twitter.com/DocumentingBTC/status/1629899770268450817&lt;/a&gt;
    </content>
    <updated>2023-02-26T17:52:50Z</updated>
  </entry>

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