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I wonder about this when I think about how I’d advise someone to get started.
I still think the main issue is the initial setup. It’s a lot of new stuff for people.
The points you raise are legit issues to work on but I think most people will have given up already before they get there.
Very important subject
There was a good post on the subject on this a few years ago, but this is the stuff we need to get back to talking about more.
You know what silver stackers are saying now? If you don't hold it in your hand, you don't own it.
I feel like this has been a long standing mantra of precious metals people. They like the property that gold and silver are amongst the only assets that are not someone else's liability.
I’m fascinated by how active and thoughtful this community is.
There's your answer
any advice for a newbie trying to earn his first sats?
Leave thoughtful comments. Ask genuine questions. Zap content you value.
You'll quickly find that this is a small enough community that you actually get to know people and they get to know you (even with the generic nym).
My expectation first came to me before I came over to the dollar milkshake view, but I don't think they're incompatible.
This gold-token system might reduce the extent of dollarization, compared to what it otherwise would have been, and increase the adoption of dollar alternatives even after it fails.
The dollar probably will survive this gold-token but will be weaker on the other side than it would have been if all these countries had just kept their current fiats.
I've seen this name before but I don't recall in what context.
Most of these items are things other people have discussed, so it certainly seems plausible.
This is the trajectory I've been expecting. The non-Western world will attempt gold settlement to free themselves from the dollar and because they trust gold way more than they trust each other.
Eventually, it will fail for the same reasons gold always fails: it's possible to cheat on a gold standard.
So sorry to hear about Squidley. I know this is basically impossible (I still haven't managed it for myself), but try not to beat yourself up about all the things you could have done differently. I'm sure you tried your best and acted with her well-being in mind.
It gives me a practical use for all of the stuff I'm constantly dumping into my brain.
I like this. It's how I think about my prediction market use.
I don't know, because I've never been in this early on any other technology that became widely used.
I had the good fortune of earning my first significant amount of sats on SN when there was a custodial wallet. There was no difficulty at all and I had plenty of time to gradually build out the rest of my lightning setup as I needed it.