Bitcoin Is Cash Money
Bitcoin Is Cash Money
In my last blogpost, I wrote about a clear path to buying coffee with bitcoin. Of course, this plan is predicated on the coffee shop owner actually agreeing to do this, but it is technically feasible in 2024, even if the coffee shop is as alergic to bitcoin as my son is allergic to peanuts.
Today I'm writing about buy me a cup of coffee when Starbucks doesn't directly accept bitcoin. This is a taboo subject nowadays. The new bitcoin Jesus thinks bitcoin is not p2p electronic-cash. I know the people who make this argument twist the words. They say cash comes from the French word, which means blah, blah, blah. It's a red-herring. Satoshi never described this so-called French word. He said:
"It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy. Once it gets bootstrapped, there are so many applications if you could effortlessly pay a few cents to a website as easily as dropping coins in a vending machine.""
Subscription sites that need some extra proof-of-work for their free trial so it doesn't cannibalize subscriptions could charge bitcoins for the trial.
"Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.""
"If a merchant actually has a problem with theft, they can make the customer wait 2 minutes, or wait for something in e-mail, which many already do. If they really want to optimize, and it's a large download, they could cancel the download in the middle if the transaction comes back double-spent. If it's website access, typically it wouldn't be a big deal to let the customer have access for 5 minutes and then cut off access if it's rejected. Many such sites have a free trial anyway.
Sathoshi seemed to think bitcoin peer 2 peer electronic cash wa cash money. Price is nice, but I write this blog to show people how bitcoin works as cash money. We can use it to solve real world problems and it has real-life use cases. In this post, I'll show you bitcoin is more than mere property. It's a super power that lets people send money without providing your information to every Tom, Dick, and Larry Fink.
When Satoshi talked about peer to peer electronic cash system, he meant cash like the cypherpunks meant cash. Cypherpunks did not talk about the French origins of the word cash. They used the word in the coloquial sense like cold, hard, cash. Satoshi didn't site any papers that talked about the word "casse". He cited tools created by crypto anarchists like wei dai's Peer-money. Here's a quote from this wei dai's b-money. As a reminder this essay was cited in Satoshi Nakamoto's White paper.
"I am fascinated by Tim May's crypto-anarchy. Unlike the communities traditionally associated with the word "anarchy", in a crypto-anarchy the government is not temporarily destroyed but permanently forbidden and permanently unnecessary. It's a community where the threat of violence is impotent because violence is impossible, and violence is impossible because its participants cannot be linked to their true names or physical locations.
Until now it's not clear, even theoretically, how such a community could operate. A community is defined by the cooperation of its participants, and **efficient cooperation requires a medium of exchange (money) and a way to enforce contracts**. Traditionally these services have been provided by the government or government sponsored institutions and only to legal entities. In this article I describe a protocol by which these services can be provided to and by untraceable entities."
Satoshi was clear. Bitcoin is a peer-to-peer electronic cash system. It's an integral part of the game theory. Cash is decentralized. Property is not decentralized. Property gets taxed. Fiat cash gets taxed via inflation. Peer 2 peer electronic cash is not property. It's cash. The keys are property. Your steel plate is property. The twelve words you head are property, but the transactions on the time chain are not property. We should work to keep it that way.
When I first Andreas Antonopolis talk about bitcoin, I thought it was an awesome idea, but I was skeptical. There was no way in hell I would just sign up with coinbase and buy bitcoin just because he said so. I didn't trust it. I had to verify it. So I thought, if this is peer to peer cash is legit, someone ought to be able to send me a little. So I asked someone on twitter to send me some hash tag bitcoin. Someone sent be a buck fifty and told me to buy a cup of coffee with it. That's my bias. I can buy coffee with it. I did a couple years ago. I still have most of those sats from 2014.
Maybe I'm just a crotchety old man waving my cane in the sky and screaming "Get off my drought resistant landscaping!" Then again, maybe more people would get on-boarded if we sent them bitcoin peer to peer. That's why I'm bullish on nostr. We should stop telling people to "buy bitcoin." **We should tell them to get on nostr and try bitcoin**. It sounds better than, buy bitcoin, [peer-to-peer electronic property](https://primal.net/e/note10v7ns6kerrmayj4z5rspxu5dls9asn322a964xql5g9huvhy2thqglcdln)
## How To Buy Coffee With Bitcoin
Say you are allergic to bitcoin like I'm allergic to fiat. Don't like VoLiTiLiTy? No problemo! Sign up for an account at https://strike.me.
Set up your account and choose a username. You will get a lightning address that is `yourusername@strike.me`
Despite how it looks, that's not an email address. It's a lightning address. This address is all you need to accept payments on the Internet. All you need to do is put it on your webpage, substack, Twitter, or whatever.
First, you should choose to take the orange pill or the green pill. Do you want fiat or do you want bitcoin? Again, I know a lot of people hate bitcoin. Mention the word on blue sky if you don't believe me.
Click on the little anthropomorphic person on the upper right hand corner.
Next, scroll down until you see the settings menu. Next, click the "Bitcoin" tab.
Now it's time to choose the orange pill or the green pill. Click on Passive incoming payments.
You'll have the option to choose to accept incoming payments as bitcoin or cash. Of course, if someone sends you less than a penny, it can't be converted to fiat cash. Anything more than a penny gets converted to USD in my jurisdiction. I assume people in other countries get the cash converted to their local fiat currency, but don't quote me on this. I don't really know. As you can see, I took the orange pill, but you can do whatever you want to do.
Remember, your lightning address is your username at strike.me. I'm using a lightning tips address, but the process is the same.+
### Accept Payments Anywhere On The Internet
You can put your lightning address anywhere on the Internet, but this is about coffee so I created a Buy Me A Coffee page. I won't do a tutorial because I assume you know how to set up a profile on the Internet.
Remember when congress questioned Zuck about his stablecoin? Well, I hate to break it to you Congress we don't need Zuck bucks. You can add a lightning address right to a Facebook profile.
Here's my page. You won't find it on Facebook.
https://www.buymeacoffee.com/bloggingbitcoin
I added my lightning address to https://sendsats.to It comes in handy for making a clickable page. There's not much of a tutorial needed.
The page is https://sendsats.to/bloggingbitcoin@ln.tips
Just replace my lightning address with your lightning address and you too can accept magic Internet money.
**WTF Does This Have To Do With Coffee?**
Go back to the Strike welcome screen, scroll down to shop with lightning.
### Shop With Bitcoin Straight From Strike
I wrote about Bitrefill in one of my early blogs, but now it's integrated right into the Strike App. You can buy coffee, or just about anything else you want with your newly acquired sats or fiat. You might want to hang on to some sats if you don't have any, just in case, but you could totally buy a cup of coffee if you want to. Many Saylor disciples accept the thesis that bitcoin is property. They will never spendl. They also know Saylor says you should orange pill as many people as possible. What better way to orange people than send them a little bitcoin. I'm not saying to buy some fancy-schmancy car like a 1976 Ford Pinto with your bitcoin. I'm saying to buy a five dollar cup of coffee. I mean an eight dollar cup of coffee. Don't spend your bitcoin if you're worried about your taxes or whatever. Holdl dollars in your Strike account. Don't "buy bitcoin" with those dollars. Turn the dollars into sats for a gift card. It might cost you some fiat flyer miles. So what? Tell the barista you bought your gift card with bitcoin.
`We propose a solution to the double-spending problem using a peer-to-peer network.`
You can do this because bitcoin solves the double spending problem. It solves the double-spending problem so well, someone can send you ten bucks worth of bitcoin from Australia. You'll get it within about three seconds. You can buy a Starbucks gift card with those sats and sip yourself shakey straight-away. You could also send the bitcoin to the Cash App and buy a gift card there too. I suppose you could buy Bank of America stock in the Cash App right away too. I don't know why the hell you would do that, but it's possible. You'll need to sell the bitcoin on the Cash App first, but guess why you can do this? Because bitcoin solves the double spending problem. Can you do that with Bank of America? No, it takes at least three days to send dollars from Bank of America to Wells Fargo.
Buy Me A Cup of Coffee
In my last blogpost, I wrote about a clear path to buying coffee with bitcoin. Of course, this plan is predicated on the coffee shop owner actually agreeing to do this, but it is technically feasible in 2024, even if the coffee shop is as alergic to bitcoin as my son is allergic to peanuts.
Today I'm writing about buy me a cup of coffee when Starbucks doesn't directly accept bitcoin. This is a taboo subject nowadays. The new bitcoin Jesus thinks bitcoin is not p2p electronic-cash. I know the people who make this argument twist the words. They say cash comes from the French word, which means blah, blah, blah. It's a red-herring. Satoshi never described this so-called French word. He said:
"It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy. Once it gets bootstrapped, there are so many applications if you could effortlessly pay a few cents to a website as easily as dropping coins in a vending machine.""
Subscription sites that need some extra proof-of-work for their free trial so it doesn't cannibalize subscriptions could charge bitcoins for the trial.
"Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.""
"If a merchant actually has a problem with theft, they can make the customer wait 2 minutes, or wait for something in e-mail, which many already do. If they really want to optimize, and it's a large download, they could cancel the download in the middle if the transaction comes back double-spent. If it's website access, typically it wouldn't be a big deal to let the customer have access for 5 minutes and then cut off access if it's rejected. Many such sites have a free trial anyway.
Sathoshi seemed to think bitcoin peer 2 peer electronic cash wa cash money. Price is nice, but I write this blog to show people how bitcoin works as cash money. We can use it to solve real world problems and it has real-life use cases. In this post, I'll show you bitcoin is more than mere property. It's a super power that lets people send money without providing your information to every Tom, Dick, and Larry Fink.
When Satoshi talked about peer to peer electronic cash system, he meant cash like the cypherpunks meant cash. Cypherpunks did not talk about the French origins of the word cash. They used the word in the colloquial sense like cold, hard, cash. Satoshi didn't site any papers that talked about the word "casse". He cited tools created by crypto anarchists like wei dai's Peer-money. Here's a quote from this wei dai's b-money. As a reminder this essay was cited in Satoshi Nakamoto's White paper.
"I am fascinated by Tim May's crypto-anarchy. Unlike the communities traditionally associated with the word "anarchy", in a crypto-anarchy the government is not temporarily destroyed but permanently forbidden and permanently unnecessary. It's a community where the threat of violence is impotent because violence is impossible, and violence is impossible because its participants cannot be linked to their true names or physical locations.
Until now it's not clear, even theoretically, how such a community could operate. A community is defined by the cooperation of its participants, and **efficient cooperation requires a medium of exchange (money) and a way to enforce contracts**. Traditionally these services have been provided by the government or government sponsored institutions and only to legal entities. In this article I describe a protocol by which these services can be provided to and by untraceable entities."
Satoshi was clear. Bitcoin is a peer-to-peer electronic cash system. It's an integral part of the game theory. Cash is decentralized. Property is not decentralized. Property gets taxed. Fiat cash gets taxed via inflation. Peer 2 peer electronic cash is not property. It's cash. The keys are property. Your steel plate is property. The twelve words you head are property, but the transactions on the time chain are not property. We should work to keep it that way.
When I first Andreas Antonopolis talk about bitcoin, I thought it was an awesome idea, but I was skeptical. There was no way in hell I would just sign up with coinbase and buy bitcoin just because he said so. I didn't trust it. I had to verify it. So I thought, if this is peer to peer cash is legit, someone ought to be able to send me a little. So I asked someone on twitter to send me some hash tag bitcoin. Someone sent be a buck fifty and told me to buy a cup of coffee with it. That's my bias. I can buy coffee with it. I did a couple years ago. I still have most of those sats from 2014.
Maybe I'm just a crotchety old man waving my cane in the sky and screaming "Get off my drought resistant landscaping!" Then again, maybe more people would get on-boarded if we sent them bitcoin peer to peer. That's why I'm bullish on nostr. We should stop telling people to "buy bitcoin." **We should tell them to get on nostr and try bitcoin**. It sounds better than, buy bitcoin, [peer-to-peer electronic property](https://primal.net/e/note10v7ns6kerrmayj4z5rspxu5dls9asn322a964xql5g9huvhy2thqglcdln)
## How To Buy Coffee With Bitcoin
Say you are allergic to bitcoin like I'm allergic to fiat. Don't like VoLiTiLiTy? No problemo! Sign up for an account at https://strike.me.
Set up your account and choose a username. You will get a lightning address that is `yourusername@strike.me`
Despite how it looks, that's not an email address. It's a lightning address. This address is all you need to accept payments on the Internet. All you need to do is put it on your webpage, substack, Twitter, or whatever.
First, you should choose to take the orange pill or the green pill. Do you want fiat or do you want bitcoin? Again, I know a lot of people hate bitcoin. Mention the word on blue sky if you don't believe me.
Click on the little anthropomorphic person on the upper right hand corner.
Next, scroll down until you see the settings menu. Next, click the "Bitcoin" tab.
Now it's time to choose the orange pill or the green pill. Click on Passive incoming payments.
You'll have the option to choose to accept incoming payments as bitcoin or cash. Of course, if someone sends you less than a penny, it can't be converted to fiat cash. Anything more than a penny gets converted to USD in my jurisdiction. I assume people in other countries get the cash converted to their local fiat currency, but don't quote me on this. I don't really know. As you can see, I took the orange pill, but you can do whatever you want to do.
Remember, your lightning address is your username at strike.me. I'm using a lightning tips address, but the process is the same.+
### Accept Payments Anywhere On The Internet
You can put your lightning address anywhere on the Internet, but this is about coffee so I created a Buy Me A Coffee page. I won't do a tutorial because I assume you know how to set up a profile on the Internet.
Remember when congress questioned Zuck about his stablecoin? Well, I hate to break it to you Congress we don't need Zuck bucks. You can add a lightning address right to a Facebook profile.
Here's my page. You won't find it on Facebook.
https://www.buymeacoffee.com/bloggingbitcoin
I added my lightning address to https://sendsats.to It comes in handy for making a clickable page. There's not much of a tutorial needed.
The page is https://sendsats.to/bloggingbitcoin@ln.tips
Just replace my lightning address with your lightning address and you too can accept magic Internet money.
**WTF Does This Have To Do With Coffee?**
Go back to the Strike welcome screen, scroll down to shop with lightning.
### Shop With Bitcoin Straight From Strike
I wrote about Bitrefill in one of my early blogs, but now it's integrated right into the Strike App. You can buy coffee, or just about anything else you want with your newly acquired sats or fiat. You might want to hang on to some sats if you don't have any, just in case, but you could totally buy a cup of coffee if you want to. Many Saylor disciples accept the thesis that bitcoin is property. They will never spendl. They also know Saylor says you should orange pill as many people as possible. What better way to orange people than send them a little bitcoin. I'm not saying to buy some fancy-schmancy car like a 1976 Ford Pinto with your bitcoin. I'm saying to buy a five dollar cup of coffee. I mean an eight dollar cup of coffee. Don't spend your bitcoin if you're worried about your taxes or whatever. Holdl dollars in your Strike account. Don't "buy bitcoin" with those dollars. Turn the dollars into sats for a gift card. It might cost you some fiat flyer miles. So what? Tell the barista you bought your gift card with bitcoin.
`We propose a solution to the double-spending problem using a peer-to-peer network.`
You can do this because bitcoin solves the double spending problem. It solves the double-spending problem so well, someone can send you ten bucks worth of bitcoin from Australia. You'll get it within about three seconds. You can buy a Starbucks gift card with those sats and sip yourself shakey straight-away. You could also send the bitcoin to the Cash App and buy a gift card there too. I suppose you could buy Bank of America stock in the Cash App right away too. I don't know why the hell you would do that, but it's possible. You'll need to sell the bitcoin on the Cash App first, but guess why you can do this? Because bitcoin solves the double spending problem. Can you do that with Bank of America? No, it takes at least three days to send dollars from Bank of America to Wells Fargo.
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