X Is Fiat
In his Take from yesterday, Frank invited bitcoiners to join Nostr: The worlds biggest bitcoin circular economy. I endorse this invitation; Nostr aligns much better with Bitcoins original values than specifically Elon Musks X.
In much the same way that the money in your bank account isnt really yours, your posts on X arent either in contrast, your Nostr posts are connected to your own public key. Like PayPal blocking money transfers, X can decide to censor what you have to say, but no single entity has that power on Nostr. And while X manipulates its algorithm to steer the conversation like the Feds manipulation of interest rates to steer the economy, Nostr gives this power back to the users. Now that President Musk is de facto entering the White House, you could even argue X is becoming part of the government. X is fiat.
Perhaps even more importantly at least for me personally my experience on Nostr is by now superior to what I encounter on X admittedly a low bar. Whereas I sometimes find interesting insights on Nostr, most of what I see on the platform formerly known as Twitter these days are generic TikTok-style memes, rage-bait, and shit takes from Kekius Maximus himself.
I do still post on X sometimes, but Ive increasingly disengaged from the conversation over there and will likely continue to do so. Meanwhile, Ive found myself spending more time on Nostr (specifically through Damus and Amesthyst), and I expect this to only increase.
Sure, Nostr is still niche for now, and perhaps it will remain niche compared to X. Judging by the hype around ETFs, MicroStrategy and Strategic Bitcoin Reserves, trusting central parties is pretty hip among many bitcoiners nowadays, anyways.
But I will gladly take Nostrs niche signal over Xs noisy masses.
This article is a Take. Opinions expressed are entirely the author's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Read more: https://bitcoinmagazine.com/takes/x-is-fiat
Text source: Bitcoin Magazine: Bitcoin News, Articles, Charts,
