Finally, an interesting Bitcoin podcast!
It’s been a while since I’ve seen people argue in Bitcoin but @saifedean managed to pull Saylor into an interesting conversation about credit and lending in Bitcoin.
Saylor apparently hasn’t fully thought through the implications of 21M and remains wedded to his fiat ideas.
He expects there to be yield on Bitcoin in future, but never says where it will come from in a completely fixed supply money.. “They’ll have to sell their assets to finance themselves!” - yeah no shit Michael!
The only way to generate yield in Bitcoin terms is to mismatch duration - literally run a Ponzi scheme. But Saylor expects that because the US Government will back the banks that this can’t go wrong 🤣🤣
Saif takes @allen line that capital will flow but HODLers will take equity rather than yield. This is the correct logical conclusion.
I’m not saying Saylor is completely wrong - I do see a future where banks will get into this space and lend and pay yield on Bitcoin.
But they WILL blow up. I don’t give a fuck if they’ve got their own nuclear arsenal let alone the full faith and credit of the US Government behind them, they WILL get out over their skis and they WILL be unable to fulfill their obligations at some point because they WILL greedily try to rehypothecate it in the meantime and no Government will be able to save them.
Saif and Allen both know the economy doesn’t require interest to function, that the world won’t grind to a halt without it - people will still spend money. Saylor just isn’t ready to let go of his statism (as evidenced earlier in the conversation) because he’s become accustomed to Billionaire privileges.
This is why I love #Bitcoin. You can be the CEO of the most successful public company of the past 4 years, all thanks to Bitcoin, and you will still be totally humbled by it unless you fully embrace the system as it is because it won’t be changing for your fiat games!
https://youtu.be/k7XhzXMSAPo
Pervasive surveillance is coming one way or another.
If it’s left to the state then it will be used against the people.
If people can choose it will be used to protect them through private security operators who will need to guard their customers privacy.
It is inevitable though with how cheap and easy this tech is to deploy, it’s just going to be a question of who controls it and to what ends.
They’re not elites, they’re parasites.
They have simply inherited the old title but this class have not done anything elite for generations and don’t hold a candle to previous eras.
This is for my yankee folllowers.
Go listen to the album “Only Revolutions” by Biffy Clyro. Your music jews largely kept them from you, too revolutionary for your precious simple minds.
They’ll rock your ballsack off, then you’ll listen to their other stuff and question your whole life.. nostr:note1e5hjppflqrxnq92rtk9we7mgznglxeux3nue9xdxgr3ru4jhcfuqr9gvvc
Me and @phil run https://relay.nostr.com.au
We have done since January 2023 - trying to help keep Nostr decentralised.
Our relay hasn’t spread any ReplyGuy spam because it’s gated by 6969 Sats payment for whitelisting. Your client is showing it though.
My relay set isn’t the problem. Not being able to filter obvious spammers through my preferred client Damus is.
I’ve dealt with ReplyGuy for more than a week when I could have just tapped the blank man’s profile which I didn’t even know was a thing?!
You’re gonna take this the wrong way but come on mate. That should have been EVERYWHERE a week ago and you’re telling me now.
FFS
Ah FFS.
Your posts get renoted ad-nauseam. Except this one apparently because this is the first time I’ve seen it and I don’t know how to take this:
“the web of trust button doesn't filter threads yet which is why I haven't mentioned it much, but I have been suggesting it plenty of times in the past week for people who reach out.”
So which is it?
You haven’t mentioned it much and I’ve been in the dark about what blank icon man would do, or you’ve suggested it plenty of times and I’ve just missed it for a week dealing with this ReplyGuy shit unnecessarily?
I follow @damus and haven’t seen anything on there about this either which should be how I learned this and avoided it.
Genuinely annoyed I could have avoided this shit for a week if I knew better. It’s reduced my time on here.
I know you’re not a massive corporation Will. I was donating to you before you had Purple; I’m not some Johnny-come-lately here to just shit in your cornflakes for fun.
But this is the second time I missed out on Damus updates that matter to me as a User.
And by matter I mean, every Damus user should know this stuff because without it the UX is massively degraded. I’ve dealt with ReplyGuy for more than a week now, unnecessarily, which could have been avoided if I just knew what you just shared.
Please start using the @damus account better and putting stuff out there. Do it multiple times. I’d rather see the solution to a problem 3X than 0X as has been the case here.
Maybe you have done that but I’m in Australia so basically opposite timezones to you and haven’t seen anything except for 50 replies to every fucking post I’ve made from the bot.
Use @damus to inform Users better. We know you’re one man, we don’t want to tag you in everything, so use the official channel and we’ll spread it from there.
I feel fukn retarded knowing now I could have avoided all this spam if I just understood my client properly.
Reddit Jannies banning my accounts for being right.
I remember being all over the heart problems from the Pfizer Vax. Israel reported them first. That report was delayed in handling by the US because of a long weekend.
Fauci et al went away and the report after the weekend was signed by all and sundry saying there was no problems so my alts got banned for misinformation.
I was right from the beginning.
I want all these cunts guillotined. Not because I was right, but so these wronguns can’t censor anyone again and try to hide shit on behalf of the state.
I’ll never forget and I’ve got receipts.
You can’t pay me to follow you.
Do you want to separate money and state? = follow
Do you laugh at fiat 🤡🌏? = follow
Are your memes lit 🔥? = follow
Suffering through the cunts who need their heads lopped off in Australia 🇦🇺? = follow
Don’t come here and try to build your follow list with Sats - that’s just a fiat mindset denominated in Sats.
Interact with others. This isn’t 4chan where you’ve gotta lurk first, if you’re worthy of my follower list you’re worthy for me.
The bar isn’t high but I don’t need your Sats and those aren’t going to clear it for me. nostr:note1u7zhz4t2vwwf5lgjmz9hs2qse0wvhx85skwpra056qsfe9qpevuscqypps
Yep I go into my notifications and follow zappers and commenters (with any brains).
Build up that WOT before we have dozens of ReplyGuys that client devs don’t give AF about
The bigger they are the harder they fall.
Fiatbros have the furthest to fall.
When they overtime end up in the same place with someone who has 0.1 BTC they’re going to be bitter AF
I’ve made suggestions to allow filtering on NIP05 (ie no NIP05 = no notification) but apparently that’s not perfect enough for client devs to give us that option so I’ve had to get used to scrolling further in my notifications to interact with real Nostriches keeping this place alive. Mostly on Damus
If she understood Bitcoin she’d project her theories with game theory.
She doesn’t. She assumes fiat parasites continue unabated using Bitcoin to enslave the world even though they can’t control the rules like they do in fiat.
Whitney can’t be taken seriously because she hasn’t done the PoW.
She doesn’t need Jeff or Saif. Any pleb could tell her that the world doesn’t stand still whilst parasites try to enslave it using Bitcoin as a vector.
I too listen to criticisms, go ahead and burst my bubble!
She doesn’t understand the basics of game theory though. So she can’t burst any bubbles.
Let the parasites accumulate 25% of BTC. Good luck protecting those key holders with a 25% bounty on their heads..
A few weeks ago I walked by a cemetery in Melbourne and noticed 3/4 of the graves were broken. These were Christian people who died in the mid to late 80s. The ground had washed out from rains over time and the heavy stone had lost its foundation and cracked and crumbled away.
This was a sunny Sunday and there wasn’t a single person at the cemetery, just after lunch time.
Asian cultures have a completely different connection to their ancestors and dead relatives. They actually care about the people they knew who are no longer here and maintain their traditions of honouring and remembering them.
I don’t know what happened but the West has lost something important.
Show me the incentive and I’ll show you the outcome.
When you consider Schiffy’s incentives it becomes clear why he has BDS - he wants gold to pump for his heavy bags and is too committed to the pot to change now.
He’s literally cost himself Billions (dude had a fucking bank, he had PLENTY of cash) and his ego will not allow him to accept he was wrong.
Normies have no idea, and Bitcoiners seem to have no idea how much Normies have no idea.
We will never see information asymmetry like this again.
Don’t get me wrong, information asymmetry will always exist, but never like it has in the early years of Bitcoin.
nostr:note1wwuwxcyun9lyemel55rdunzldul3py0cj8a9tuthuqe3tys660mqlpnlru
She loves to doom-monger but it’s clear she doesn’t know what she’s talking about.
Her recent post about big banks and spooky cadres is the perfect example - she projects the current parasite class using Bitcoin as a vehicle to enslave the world with zero consideration of how those parasites have to deal with a set of rules which they cannot change and are completely foreign to them, and what other early Bitcoin HODLers, the blackflag anarchist types, who would be newly rich would do if these people did try such a thing.
If she can’t apply game theory to her future projections then there’s no point listening to her.
Nothing will change on the visa/PR front, just now international students will be able “study” for their fake degrees whilst delivering UberEats.
Think of the productivity gains! Genius really.
Matt Barrie in his keynote mentions that 20 years ago we got a lot of US students and they’ve pretty much completely disappeared: nostr:note1rv4ttr9tjzjlkkyyl8nmdd0ycgzkdcxmujsx2trqhz0vvef8pl9q2z9slr
In fact I know 3 kids in the US now on college scholarships - the trend seems to have reversed.
The Unis have been rolling in cash building amazing facilities but the quality of education has fallen off a cliff. Very few courses worth Uni nowadays, none worth the HECS debt imho.
Kids today don’t need a University to learn.
The same as I didn’t need a music publisher to get the albums I wanted 20 years ago, nor a distribution house to get the movies I wanted 15 years ago.
The Internet is providing solutions that the old Institutions refuse to adapt to.
Music and Video had to. Education refuses to because they think the credentials they have a monopoly on issuing are still meaningful when in reality some industries are already screening *against* them and more will follow.
I don’t really see the point either.
The MSTR leverage playbook makes sense if you can access cheap debt but given how relatively poorly the Australian ETFs have performed, I doubt an Aussie version would get the same investment that MSTR or Metaplanet has managed.
Australians are too focused on their housing ponzi, business investment is at the same level now as the early 90s recession.
Here comes the third prong to fuck #AUStriches once and for all.
Digital ID comes in December, both sides of government are pushing legislation to have social media users KYCed (see note below and image 3) which will be here mid-2025.
And now they’re pushing ahead with the mis- and disinformation bill which defines “harm” so broadly (image 2) that there is no escape.
No more posting about Bitcoin, that harms the economy. No more disagreeing with net zero lunacy, that harms the environment. No questioning vaccines, that harms health.
If you do - they’ll have your identity and will come and arrest you for breaking this new law.
Bye bye Australia 🇦🇺 https://v.nostr.build/SUzWO8tItR8kdbKF.mp4https://i.nostr.build/BBdqZcfkXlx6H03b.jpghttps://i.nostr.build/kJ1QQxhRdUgwzZei.jpgnostr:note169sh3rkq2w639r5x558yqwnskwed897qza5m7qa0sw8l8dsngpkq5u9wgu
That a politician speaking on the floor claiming everyone else is beholden to private companies, justifying why they need to intervene to save us all from ourselves
Thinking of starting a #V4V business on #nostr?
There’s a huge market waiting to be disrupted!
Nostr.fans is for sale should any enterprising individuals want to pursue this multibillion dollar opportunity.. https://i.nostr.build/xEITPyHMD3JvAziY.jpg
People think Bitcoiners are just speculating.
What they don’t understand is we’re speculating from a position with huge information asymmetry.
That’s why Bitcoiners say to study it - you need to learn to get the information asymmetry they have.
I can handle the doubters. That’s normal for humans.
I just want to be able to legally put a slug in the doubters who want to come for my wealth when they wake up to where I’m at. Because I know that’s coming, and I know the cops won’t help me one bit when it does.
I’ll be on my own other than them arresting me when I defend myself.
I’ve sacrificed years to get here and I know cunts will demand that be taken from me if I stay.
Fuck them all. Let Australia become third world - it’s what this nation deserves at this point. I’m not giving them shit.
They can kill me but they’re not getting my corn. I’d rather die than prop up this shithole regime at this point.
Fuel excise. Prices are high because Government want to sting you every time you open your wallet so you can never build wealth and become independent of their system.
Go look at the Teals bitching about LNG - Japan are buying our shit and re-exporting it because they have a fleet of tankers. We now have ZERO, I repeat, ZERO Australian flagged merchant ships.
If a real Covid hit tomorrow the country would grind to a halt in a week and be MadMax within a fortnight.
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