Interesting. Wonder if that then becomes a constant war of Americans trying to get on native Chinese apps which come out with international versions that then get banned in the US or if Americans will just give up lmao.

My guess is Americans (by that I mean the social media addicts) give up.

Sorry I'm a little lost, which app are you referring to? Because of course Xiaohongshu is linked to mainland China. Its a Chinese app for Chinese people that doesn't even have English translation support. Its so interesting watching people jump from tiktok over to Xiaohongshu, and yes it is as you would expect heavily censored and yet "tiktok refugees" are still using it.

We'll see how long that lasts though.

The work around is so much worse lmao. So called "tiktok refugees" just migrated to native Chinese app with no English translation support called Xiaohongshu or little red book (the media will refer to it as red note despite being an inaccurate translation)

Its been interesting to watch and I'm still interested in how things will turn out. Because I'm pretty sure those Americans are just trolling...but will they eventually get bored and move on? Or will they actually like the app and keep using it lmao.

This isn't a slave trade. You aren't trading people here. You're trading coins and dollars. I'm done wasting sats on you and I'm ashamed of engaging with a troll for this long

What's on the other side of the trade @BallLightning ?

1 coin sold for $500 1 coin sold for $495 1 coin sold for $490 1 coin sold for $480

You can do it backwards of course

$500 buys 1 coin $495 buys 1 coin $490 buys 1 coin $480 buys 1 coin

There are 4 coins being bought/sold and $1965 dollars being bought/sold

If the volume of coins is greater than the volume of dollars, the price goes down. If the volume of dollars is greater than the volume of coins, the price goes up.

It is reflected in your comment that you have not used a bid and ask based exchange and seen the real time effects of someone getting bored of no one taking their ask and asking lower to go ahead and get out of the market, because if you had, what I'm talking about would be very obvious to you.

No you should not count the unfilled bids and asks as trading volume. We call that fake volume. Lots of exchanges stack fake volume on their exchange to give the false impression that more people are using the exchange than people actually are. So really its best to only count filled orders as actual volume, but as a person on either side of the trade, you can take a bid or an ask immediately (before the orders above and below it can shift) so to you in the moment the highest bid and the lowest ask may as well be the real (however local to that exchange) price to you.

I feel like I pretty clearly accounted for that when I brought up in my first comment, the importance of trading volume. Whereas your point is not made clear at all and rather seems to imply that price is determined by total supply rather than trading volume and the price is just magical and whether you sell or buy has no effect, both of which are completely and entirely false to reality.

You could say, your volume doesn't matter if the net volume is against you, but that would be wrong too because it logically separates cause and effect. You need many people to sell to change the price, but how can many people be selling, if 1 person isn't selling? Many people are made of many 1 person. So you need 1 person for many people to ever occur.

Dead people can't care about living people laughing at them for being wrong, therefore until you're proven wrong, I will assume you're 100% right.

Some of you need to buy and sell on a bid and ask based exchange and it shows.

Seeing that the people who were willing to buy at the higher price are no longer buying (ran out of volume) the sell volume must now sell at a lower price to meet the current sell volume.

If the thing they gave me started dumping while the thing I gave them started pumping, then yeah I'd be pretty concerned about being wrong lmao.

But then you're arguing that dumping a fork coin doesn't dump the price, but it does given the sell volume is greater than the buy volume regardless of total supply.

Nah this isn't it. IPFS is terrible because it has no cost to attack and makes terrible assumptions about people's desire to seed files.

More volume of coins being sold than bought in a given time frame can drop the price and the price dropping can have the additional effect on the faith in the coin, but technically when the mass trading volume has taken its course, a coin can pump very high on nearly no trading volume (typically a pump and dump) or find a new audience that increases the trading volume.

I would still nonetheless as a person who doesn't have faith in a currency dump that currency onto people who do have faith in that currency, if not for profit, then for shaking their faith in that currency.

We have so many apps optimized for people who are brain dead to install, point and click work and go. Over time, they go away due to reliance on its developer or regulatory concerns, or what have you.

What's missing, are apps that are simple to use, with reasonable defaults, that give power to the user and help them get better at using Bitcoin in a sovereign way over time.

Maybe contribute to padawan wallet for a while? https://github.com/thunderbiscuit/padawan-wallet/issues/325

Yes, I think developers should be as scared as Satoshi was. I think our mailing list should be on a .onion hidden service.

Too much cowardice for a project designed around resiliency in the face of adversity. We need more adversity so we stop getting developers who make half assed apps that die off as soon as a little regulatory uncertainty is introduced.

That's a good thing.

Bitcoin works best under hostile conditions.

Also the "industry" if you mean the cryptocurrency industry, is all fraud and scams anyway.

You can use coldcard to sign a nostr message? I thought it only works for PSBTs?

IMO this is a good rule, given one change, it should not be on the wallet provider, but rather the custodian of the FIAT the token is redeemable for and thus obviously would not apply to Bitcoin.

Hey, this is the cryptography territory. What's this nonsense doing in the cryptography territory? This isn't about cryptography