Oddbean new post about login | logout 2008 financial crisis: everyone started to talk about BLACK SWANs the BLACK SWAN in history is the invention of AMERICA what is AMERICAN DREAM?
BITCOIN SATOSHI 2008
#Bitcoin showed up in the middle of the 2008 financial crisis
internet was open-source and was taken by big corps so it was hard for individuals to get open-source projects funded the more in open-source tech people were contributing the less money they got
that’s when bitcoin comes in OCT 31 2008 Satoshi first appeared in BTC white paper
17 years and the open-source funding remains unsolved so i founded Bitcoin Bank
Bitcoin Bank is incorporated in America under name Planetary DAO WHY? bc i believe in American Dream bc i believe in Planetary Dream and DAOs
that's the decentralized ethos of bitcoin
before 1800 people had to live the lives of their parents and grandparents and that started to change bc the invention of AMERICA the American Constitution (1787)
the word right is only in the constitution once is in the ART 1, section 8. clause 8 what it does is gives authors and inventors the exclusive right to their respective writings and discoveries
i love Abraham Lincoln's description of this he said: this clause, this word, “right” provided the fuel of interest (self-interest) to the fire of genius, INVENTION.
so now you get to own it
securing this natural right of ownership provided incentives and created a new way to distribute resources no longer were resources distributed by violence now they are distributed by ingenuity and hard work
SATOSHI blows my mind he didn’t protect his invention with traditional patent rights he released the Bitcoin software as open-source allowing anyone to use, modify and distribute it freely OWN IT bitcoin belongs to its community bitcoin belongs to everyone bitcoin belongs to the people
Satoshi has a broader philosophy of INNOVATION not individual, but collective. collective ownership
community access & participation over proprietary control
no country can force him to disclose himself to get credit for his invention
How can I? I’m not spending my own ifcoiner money, and public property taxes. 🥱
American and #MAGA 🥱 https://image.nostr.build/3311aa6b77bc465f4e0e532d55857f729732f4207072b0c27549504796a46898.jpg
Pretending to be a private citizen? That’s a lie and you know, which causes all sorts of paradoxes and blindspots for things to slip through the cracks, walking through borders they would better be screened, but some corrupt public servants have. What do you do?
Make believe is so last elections. https://image.nostr.build/24ee18ebfb7ffc8bbd65ab16fe8eeb71a8bad8f87bcb808bed30aadc27a29804.jpg
