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 The more I think about Nostr the more it blows my mind.

I can just say whatever crazy shit I wan... 
 It's gonna get really neat when the free communication leads to fundamental shifts in association, organization, and economic activity. This is just the teaser. 
 Then why not start with something that is not (primarily) LARPing?

LARPing gives people a false sense of accomplishment, thereby diminishing the impulse toward real action.

nostr:nevent1qqsw0m5hh5ur99xgdhwveejxq4ek0t533ljyap5a9rplr9yqx8cz4ggpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qspdnfacgsd7lk0nlqkq443tkq4jx9z6c6ksvaquuewmw7d3qltpsxpqqqqqqznp8rr0 
 Fractional standards of value, as I have said many times 
 Gotta start somewhere.   Fascinating to see what happens when people actually accept bitcoin with... 
 Then why not start with something that is not (primarily) LARPing?

LARPing gives people a false sense of accomplishment, thereby diminishing the impulse toward real action.

nostr:nevent1qqsw0m5hh5ur99xgdhwveejxq4ek0t533ljyap5a9rplr9yqx8cz4ggpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qspdnfacgsd7lk0nlqkq443tkq4jx9z6c6ksvaquuewmw7d3qltpsxpqqqqqqznp8rr0 
 Who are you to say what anyone else chooses to accept as payment? 🧐 
 Did I ever suggest you are not free to not shop in places that do not accept fiat? Anyway, let's be honest -- it's a moot point, because you are willing to use fiat left and right! 
 Can someone explain to me the whole Nashville meme in bitcoin?

Unlike Austin, the city is not at all a tech hub, so why is it such a draw? 
 Shipping marketable new projects that people see enough value to part their money for, is not eas... 
 Definitely. I remember the first time I made something novel and someone gave me money for it. Almost surreal experience.

nostr:note1l0ah44ugs88stmptgdm36lwcygvr6pd8vv9w5hjjj02scj60uazskpuhh4  
 Retardation is emergent and prolific under fiat

No one is "running the show" top down 
 Everyone knows that the era before Satoshi was BS 
 Bitcoin separates MONEY from CONTRACT 
 Peter Thiel believes deeply in the State and Government

He believes States can "fix things," if only his people are in control

He doesn't understand Bitcoin. He doesn't understand or appreciate technology.

He knows saying the phrase "I love freedom & technology" is popular.

https://image.nostr.build/474838028cb81e944c1c12d75f1c54a3b7777dfcfb4c44d8d06d2c1c494cae91.jpg 
 Anyone have book suggestions? 
 BITCOIN IS NOT MONEY
BITCOIN IS NOT PROPERTY
BITCOIN IS NOT A COMMODITY, CURRENCY, SAVINGS, OR AN ASSET
BITCOIN CONFERS NO RIGHTS

Bitcoin is a software messaging protocol. MESSAGES.

Bitcoin enables free speech and association without interdiction.

Interfering with speech or association is not just unconstitutional, it is the foundation of tyranny anywhere, and enacted only by criminal, violent assault.

It must also be understood of course that all taxation interferes with the natural rights of persons to freely associate.

There are no "bitcoins", bitcoin cannot be "owned", and the notion of "title" to bitcoin is an abstraction under the reality that bitcoin will recognize and not reverse valid transactions signed under duress or downstream of criminal trespass. There is no such thing as "title" to "bitcoins" because it is fungible cash, you cannot correctly say "these coins" vs "those coins".

This is not something to convince any authority of for there is no valid authority that may govern speech or association. Of course, people may be fooled into acting dead and impotent, like a trapped animal oblivious to the fact his cage was never locked.

Every time someone talks about regulation and government, they are supporting the government, supporting its frame as a valid owner of all humans. This is the peak of high time preference behavior, a total moral capitulation and submission. And it is only possible first by promoting LIES about what bitcoin is, for if you state the truth, it is too obvious that all the regulatory ideas are invalid and unlawful.

Bitcoin is software, it exists, it does not grant rights. If you burn a piece of wood and survive the night from the heat, it does not make warmth a right being given to you. You are USING the wood and it has certain behavior. It is anthropomorphization where the person being fictitiously constructed is none other than daddy government. But you are alone with the laws of physics, and other people trying to lie to you about the nature of the world.

Bitcoin is first and foremost Freedom of Association tech.

If you tell someone it's XYZ money thing, you guarantee someone else has set the mimetic framework / terrain.

If you start with association, it may spur a person to consider association mechanisms and attack vectors. 
 Ok, statist cuck

If you cannot live without THEIR words forming your ideas, it is laughable to think you will ever seize freedom without living on THEIR terms 🤡

How weak must you think bitcoin is to need the word "money" to draw strength? 🤦‍♂️ 
 Oh, look, a collectivist. Thank you for confirming I was right to call you a statist cuck, fucking retard. Have fun staying poor, shitcoiner. 
 Crickets. No one is trying to build the stuff that actually makes money on here, just social media apps. 🤦‍♂️

https://image.nostr.build/066e4e5e20646b15bc9e4dfcb25148dd4e08db70e6dc647c1ae80f90da98c659.jpg 
 Nostr might be able to fix this.

Some of you may recall, I posted a number of times my ideas around how relational contracting would enable distributed ridesharing and other markets without needing escrow.
https://image.nostr.build/d635968dd1abec42fa6846b48db160c62be1bcb26cf67bd248350fc6b57d2df1.jpg 
 The overwhelming majority of great technologies were invented in the West / West-allied nations.

Steam Engine: England
Internal Combustion Engine: France
Basic Oxygen Steelmaking: Austria
EAF Steelmaking: Scotland
Bessemer Steelmaking: England
Carbon Fiber: America
Integrated Circuits: America
Jet Engine: England/Germany
Silicon Carbide Fibers: Japan
Airplane: America
Container Ship: America
Modern LEDs: Japan
Fucking food itself (Haber-Bosch): Germany
Cement: England
Fracking: America
Nuclear Energy: America
CNC Machining: America
Pick-and-place: Japan
Drones: America
Bitcoin: America
MOSFET (underpins internet): America
The Internet: America
Fiber Optics: India
LASER: America
3D Printing: America
Vulcanized Rubber: America
MIMO: America
GaN devices: Japan
OLEDs: America
GPUs: America
Cellphone-to-sat coms: America
Cloud Compute: America/England
Hypersonic Glide Vehicles: America
Nanocrystalline Alumina Fibers: America

Shall I go on?

Never invested in a commodity.

None of them.

Never will.

"Omg you're missing out"

Maybe.

You're missing out on being in the room where the great leaps forward in human civilization take place and being a multi-trillionaire.

Keep your tyrannical wastelands.

https://image.nostr.build/b0331c55b32f7254c711a81a4599b5176fd1e19a88f6df5a6f5e0927303b8798.jpg 
 How a new class of geothermal turbine that uses sCO2, which can be utilized anywhere on the planet simply drilling into hot rock, in conjunction with low cost directed energy drilling methods could make geothermal the best "nuclear" energy source, without the impediments around nuclear energy developing nations face to the greatest degree.

That it will bring so much energy growth to both developing and developed countries, it will reduce the global price of oil and the global conflict of the petrodollar by disincentivizing war, regardless of how quickly bitcoin defunds it. 

That due to on grid energy project development inefficiencies and corruption in Western countries, developing countries could initially take the global lead in this transition, especially as behind the meter markets, including bitcoin mining and AI datacenters continue to grow.

That the company working on this also has the capability to greatly improve natural gas turbogen efficiency, reliability, and upfront cost, including operating on sour (corrosive) natural gas that goes almost entirely unutilized.

At some point, I will need to broach the subject that these technologies are coupled to the military industrial complex and where I fit into all of this on the materials & manufacturing side. I will bring something up that may seem a bit bizarre, but true, which is that until it is demonetized, advanced weapons systems will be made: better that some of those profits go into bitcoin. We'll see how that goes. I'd say it's still better that the US retains upperhand over CCP, etc, but don't need to go into that.

Finally, I will bring up how more than just the things themselves, it is how they are achieved that matters. That I am trying to put together a fully bitcoiner LP base as this could mark a turning point of bitcoin beginning to fix things in a big way at the level of atoms, with orders of magnitude greater efficiency than the fiat world. And that if bitcoiners do not take ownership of this arc, it will be inevitably consumed by the shitcoiners who are diversifying their mimetic territory through faux industrialism (e.g. A16Z, et al "American Dynamism").

Ultimately, I hope Jack will be interested in continuing the conversation. 
 Anyone have any tips for my call with @jack tomorrow?

Ngl, feeling a bit nervous.

nostr:nevent1qqsrle8kuw320xfwm8hzwq4e87ruvywfw722hdrfyhx476pvjzex2lspzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qc8nlcgd5l8qenesgdcy4vw0s794yujyy23z50n52v5ld0ddkcjnsxpqqqqqqzap9hr0 
 So, uhh, TIL, it's not the pricey charity dinner entrance, but the auction that gets you. 😬🥲

Looking forward to our conversation @jack, thanks for sharing some of your time! 🤙
https://image.nostr.build/8c5ab18a004ada641ccca4a20bf2371c04612191d70c7728d9ecc60933c8fc1e.jpg 
 How a new class of geothermal turbine that uses sCO2, which can be utilized anywhere on the planet simply drilling into hot rock, in conjunction with low cost directed energy drilling methods could make geothermal the best "nuclear" energy source, without the impediments around nuclear energy developing nations face to the greatest degree.

That it will bring so much energy growth to both developing and developed countries, it will reduce the global price of oil and the global conflict of the petrodollar by disincentivizing war, regardless of how quickly bitcoin defunds it. 

That due to on grid energy project development inefficiencies and corruption in Western countries, developing countries could initially take the global lead in this transition, especially as behind the meter markets, including bitcoin mining and AI datacenters continue to grow.

That the company working on this also has the capability to greatly improve natural gas turbogen efficiency, reliability, and upfront cost, including operating on sour (corrosive) natural gas that goes almost entirely unutilized.

At some point, I will need to broach the subject that these technologies are coupled to the military industrial complex and where I fit into all of this on the materials & manufacturing side. I will bring something up that may seem a bit bizarre, but true, which is that until it is demonetized, advanced weapons systems will be made: better that some of those profits go into bitcoin. We'll see how that goes. I'd say it's still better that the US retains upperhand over CCP, etc, but don't need to go into that.

Finally, I will bring up how more than just the things themselves, it is how they are achieved that matters. That I am trying to put together a fully bitcoiner LP base as this could mark a turning point of bitcoin beginning to fix things in a big way at the level of atoms, with orders of magnitude greater efficiency than the fiat world. And that if bitcoiners do not take ownership of this arc, it will be inevitably consumed by the shitcoiners who are diversifying their mimetic territory through faux industrialism (e.g. A16Z, et al "American Dynamism").

Ultimately, I hope Jack will be interested in continuing the conversation. 
 El Salvador will own (Schelling point) frontiers of medicine. @MaxKeiser, Stacy, Jack Kruse, et al convincing me: America may need to take L here. 

Beyond affordably detoxifying seed oils, El Salvador could lead energy infrastructure tech. Here's why:

There has been a recent series of shifts in materials and manufacturing capabilities that have not yet been implemented at scale anywhere in the world and El Salvador is well positioned to be the first mover. 

Supercritical CO2 instead of steam coupled with certain turbomachinery capabilities that will lower capex by more than an order of magnitude will not just unbound the growth potential for El Salvador and the rest of central America, it will lay the foundations for a new era of nuclear fission, as the generator side capex is a key component of costs.

Nations around the world have been under the thumb of external tyranny suppressing energy development for too long. And, @jack this will matter to you: ESCAPING ENERGY POVERTY is the only way to scale optionality and make freedom truly meaningful to every human -- bitcoin alone is not enough. It is easy to imagine a world fully bitcoinized, fully nuclearized, and now we have a first few steps to take.

It is time to begin the fixing of everything, and I have a play: there is of course a HUGE opportunity cost to doing anything in the world at the moment, which is why I have a strategy that leverages the US military industrial complex, and demands for physical sovereignty that are becoming an increasingly imminent concern for many regions in the world, to greatly lessen that burden. Yes, bitcoin mining too, but there is so much more that is possible.

El Salvador has 1 megawatt-hr/capita/yr. This is what poverty means. The US is at 11. This is in fact also poverty if one considers what could have been. Singapore at the end of 1995 was ~6.15, so, @nayibbukele, @JuicefBukele, to be El Salvador's version of the next Singapore, whatever that may be, more energy is needed. I was thinking 2.1 at first as a target, but let's be more ambitious: if @americanhodl8 was able to meme thousands of people into reaching 6.15 bitcoin, I think Central America can reach 6.15 MWh/capita.

Current Numbers:
Nicaragua 0.7
Honduras 0.8
El Salvador 1.0
Ecuador 1.5
Costa Rica 2.1
Panama 2.2 

It is time for energy sovereignty. It is time to ignite the engines of wealth and prosperity across the world. It is time to trounce the affinity scammer fiat-anointed professional managerial anti-technologist technologist-LARPer, this broader class of shitcoiners who now wish to ingratiate themselves and their parasitic ways into the world through insincerely claiming that they too aspire to see these things. 

It is time to wage a mimetic holy war, a purely mimetic war, to re-establish the foundational human values of liberty and that of striving for optimization of the world around us, which shall only proceed most expediently after fiat dies, but there is too much to do, and there is another factor at play -- it is time to accelerate the mimetic momentum of life itself, which is functionally the objective of bitcoin. 

The mimetic war of bitcoin itself was won the day it was unleashed upon the world (or arguably upon the initial formation of life), and the bitcoin "want" to ultimately flow to those whose memes and ideals promote human flourishing.

For adaptation to take hold, a stimulus must resonate, and it is only through hitting supersonic criticality that gases continue accelerating through a de Laval nozzle. Now that this is all within reach, a new calculus emerges in the realization that some resonant frequencies have been found, and with a few well-placed impulses, we may live to witness the beginning, an Age of Light. All that is needed is the sincere desire to see it take place.

- sent from amidst the volcanos of El Salvador

https://image.nostr.build/d05afde2a8ce17266d9058a0f8820b6275c99726d424d03c1cd6e71c855084d7.jpg 
 The Nuclear Option

Yes, we are in WW3. And yes, there are nukes on both sides. You might argue w... 
 Zero chance of that. Bitcoin is an American invention and Americans probably own at least half of the bitcoin. 
 No one is bullish enough on Bitcoin. 
 Bah, being bullish on bitcoin is easy

It is the stupendous growth that will occur on a bitcoin standard few are bullish enough on, for the pain of accepting the great losses and suffering of fiat today are simply too much for most bitcoiners to bear

nostr:nevent1qqsfj8usn4vwn4sun2t2tqtdmnqdxu843duqc2n0w9y40c0lf7us5aqpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtczyrpxyty3dkdepcg2sxet5ea3n00ut447ymp9w4k3lxgdx7zuuympkqcyqqqqqqgsdtrz4 
 I hit 65 in a set today... I don't think I'm gonna be able to keep up with the price this week 😬 
 I fully tore my Achilles falling off the edge of a gnarly mountain bike trail a year and a half ago. You're gonna wanna disrespect seed oils, grab one of these, and consider moving to El Salvador for your recovery.
https://based.getchroma.co/product/ironforge-the-compact-deep-red-nir-powerhouse-backordered-expected-to-ship-january/ 
 Yep! I was able to start biking 6 months after surgery and the first few months were tough, but around month 4 fully regained confidence.

I'm about 17 months post surgery and still feels a little bit off at times, but nothing it prevents me from doing e.g. went on a 6 hour mountain bike ride last fall without any issues. Idk if I would run into issues doing long distance backpacking. 
 Are any of my followers here into mining? May have an interesting opportunity due to my background in aerospace & materials with an interesting gen technology that no one else has. 
 Have him reach out to @ BTC_Bernoulli on Twitter or Clubhouse. He went from mechanical/fluids in aerospace to mining. Aerospace is pretty broad. Lots of engineering work when looking at large facility scale optimization. 
 Chances of what? I'm primarily looking to connect with people interested in deploying coins toward the fixing of things. 
 Seeing disgusting content on Twitter from charlatans really shows just how important Nostr is. A lot of info will get wiped and Dark City'd. People will play into false narratives and affinity scam since there will be no chain of costly signaling. I wrote before about the idea of relational contracting on Nostr within very narrowly defined sorts of business relationships, and even there, I couldn't fully grapple with the mechanics of how it would work. What will be more interesting however is to see cryptographic proof of what a pubkey has been thinking or at least claiming to think for a decade. Nostr may end up being just as critical to rooting out fraud in the world as bitcoin.

Imagine a world in which no one alive has ever posted anything not on Nostr. The people who think Nostr has fallen off in importance are fools who do not realize monetary transactions take place via contracts, that contract scalability is tied to relationships, and failure to have tools that sufficiently scale relationships to capture the total economic capacity in equilibrium is how the state weasels its way into existence i.e. Nostr is what outcompetes and supplants statism. 
 Yeah, all the "American Dynamism" and e/acc LARPing from the peak shitcoin VC firm 
 @jack will you be making it out to the Age of Light event in a couple months? Seems I may have the opportunity to speak there. 
 I criticize nostr harshly because I love and care for it. Just wanted to make it clear.

I have 4... 
 Cantillon effect applies to attention. They don't want you to communicate. The socialists are anti-social.

nostr:nevent1qqsz6ahfc7ym9eq0hs53jaea9f8r45fmruspr3xfks4cd7krwjyf6nqprdmhxue69uhhyetvv9ujumn0wd68y6trdpjhxtn0wfnj7q3q6r0tl8a39hhcrapa03559xahsjqj4s0y6t2n5gpdk64v06jtgekqxpqqqqqqzugrafx 
 VIVA LA LIBERTAD CARAJO!!! 
 I installed new Zeus Lightning app. Combines power user features with ease of use. Among other things, they have cracked the usable contact book payment UI/UX, and they also make it simple to generate an LNURL. Any zaps sent to me will now go to my self-custodial Zeus wallet. ⚡

https://blog.zeusln.com/zeus-v0-8-0-open-beta/ 
 What are some bitcoin or nostr non-profits worth donating sats to? 
 Capitalism is not immoral. Do not bring pastoralism or luddism to my feed. Capitalist enterprise is the only sustainable way to transform the nature of the world. I wish it were obvious. I wish I had no alpha, for it would already be done.

nostr:nevent1qqs9xwvmtfjx070lxg20eqcfujnzf9e9dtvjsqnp4n8nwa8edgzsvmspzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qa0vs379dm3mtc97fgv9yq3w9wrn2sue7lm94vzk67nk54llyupcqxpqqqqqqzp0ru2z 
 Over the years I have had my share of commentators opining on what I should or shouldn't do with my businesses/technologies, and I am richer for not listening to them. 
 Lol, and you think I'm off the mark. This has been the bio all day.

https://image.nostr.build/e5b3604eb060767d415addbbd0eb54d255de4e6cb6406d4b04d18e5d316cda31.jpg 
 English motherfucker, do you speak it? No one knows your hick intellectual-yet-idiot lingo. 
 "Don't offer a traditional and simple solution to the problem where that might interfere with my ... 
 Capitalism is not immoral. Do not bring pastoralism or luddism to my feed. Capitalist enterprise is the only sustainable way to transform the nature of the world. I wish it were obvious. I wish I had no alpha, for it would already be done.

nostr:nevent1qqs9xwvmtfjx070lxg20eqcfujnzf9e9dtvjsqnp4n8nwa8edgzsvmspzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qa0vs379dm3mtc97fgv9yq3w9wrn2sue7lm94vzk67nk54llyupcqxpqqqqqqzp0ru2z 
 Do you also hate toxic seed oils?

Tell people about bitcoin, and they might buy some. Tell people about this, and I might be able to restore human health in the world. We'll see.

https://trylola.com 
 Or maybe have some situational awareness of the world, realize not everything is about you, and that you are a mimetic LARPer as you shared an image pushing various unhealthy high linoleic acid fats. Heuristics are great, for you. Here's another one for you, Chesterton's Fence. Now get out of here. 
 Nostr bear market

Do you call it a "nobear" market or a "bearstr" market? 
 The last 24 hours has strengthened my doubts about the validity of the sentence: ”Bitcoin fixes... 
 The lack of imagination is yours, and you merely affirm your failure to understand why bitcoin fixes everything, as many others surely will as well. 
 Who else is going to be in El Salvador in November for Adopting Bitcoin? 
 I think I boiled down the main I problem I have when interacting with non-Bitcoiners:

Until you ... 
 No opinion on anything bears much meaning from non-bitcoiners. In fact, opinion in general is largely a farce. Nocoiners opine; bitcoiners know. 
 Hello to all of you today is  October 1st and to give more visibility to my content  I'm holding ... 
 What a garbage grifty post. The great thing about Nostr is there is no "free royalty" on buying and underpaying for attention. Nostr enables the first free market for attention. The attention, and capital misallocation problem are totally intertwined.

nostr:nevent1qqswva99cu3cyf8cc5m3z0l6dk875rsg39wj2wsx28mzkzsgxkv804qprdmhxue69uhhyetvv9ujummjv9hxwetsd9kxctnyv4mz7q3qyqv926053vgztlm48f5r6ahf9lyzx46um05nc7ptyle9mhwvz2vsxpqqqqqqzx9nwvd 
 Verifying my Twitter handle is @GhostOfDirac 
 For the same reason I haven't been on here much past few months. UI/IX not at Twitter levels yet, and only 10k people here. I look forward to Nostr growing, but feels like a "bear market" here. 
 They got bye-nanced!

What's gonna happen with Swan Bitcoin now? 😂

https://image.nostr.build/12d71ff7755c73cfc789308fc0f0b50dc79273c1cff6dc478bbe3b68473d96a3.jpg 
 Bring back the guillotine is the new learn to code 😂 
 You should see Jeff Booth's VC profile. He literally calls himself a visionary under his bio and he named his firm "EgoDeath Capital". Can't make this shit up. Expect a lot more people trying to call themselves geniuses for being 2020s bitcoiners. 🤦‍♂️🤡 
 This is just life under the fiat standard. Even bitcoiners live in the fiat world 
 Yes, it doesn't matter, and it's not a perfect messure (I didn't get in early). It matters whether people are correct about the things say. 
 He said money will not exist because of extreme abundance in the world  
 It's incredible how many people "in economics" talk about the problem of state-run enterprise, all while conveniently ignoring that they are worthless to the world and are only paid via statism and charity. Controlled opposition. Peter St Onge is incredibly retarded, even dumber than Jeff Booth. 
 IQ is like a measure of processing power, if you're running shit software it doesn't matter how g... 
 Yep. If you are focusing on group identity politics you are a collectivist/statist. It's as simple as that.

nostr:nevent1qqsqtd9kcrfydpx60rgty5yyua5t4932wwug8dw779qw9ey096qg5zqprdmhxue69uhhyetvv9ujumn0wd68y6trdpjhxtn0wfnj7q3qajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusxpqqqqqqz46lhh4 
 Breaking: fake conservative plays victim and cries about rising interest rate reducing his access to the money printer. 🤡

https://image.nostr.build/2dca3170c16311f1c820c920c1e46840a0c25f85a739b93f3501c0d971c5ebce.jpg 
 How is it not obvious and self-explanatory? He likes the money printer, ergo, he is a statist cuck. Have you ever heard him mention bitcoin? He obviously has very little interest in freedom. 
 Fiat spending and public "education" with stolen money is a key part of what led to the INCOMPETENCE EPIDEMIC.

And people still think using those same tools will somehow reverse the problem? 🧐

https://image.nostr.build/3a2a4f20db0f9328ae25659a3a518dae348d2dfbf78d318c7df82cd592fcc6e8.jpg 
 This is absolutely banana-republic level stuff on par with taxing unrealized capital gains. They are gunning for small businesses and the ability for individuals to make a living outside a state-sanctioned mega-corp or private equity managed. Late stage communism accelerating.

https://image.nostr.build/b60c157b3207770fa3f1aed3ae0323c1d1e2bf4d5a04e96ce2e54149778d2c7c.jpg 
 Ok, I think I'm starting to get the $boost concept: the idea is monetizing signal, so if it works, it may help achieve the thing I predicted Nostr would do last December, which is to bring correct and useful information on Earth above the percolation threshold, allowing it to rapidly disperse.

https://image.nostr.build/3d392ff8320862a485ce97ecd0d404675af573a6ee850442b839126e6117ba81.jpg 
 Smart people like to be around other smart people.

Fiat forces the world's smartest technologists to interface with some of the world's dumbest people: venture capitalists, who almost entirely underperformed the S&P-500 past 15 years. 
 Oh you thought El Salvador was based? This is Javier Milei proclaiming "leftist sons of bitches, liberty advances, long live freedom, motherfucker". He is not a fringe candidate. He is the favorite to win Argentina's presidency this November, with >70% on Election Betting Odds.
https://video.nostr.build/37684486f59c9464d0a78a6f9548880d78e4ed050542e1e728e188bf8a668cca.mp4 
 Shortly before my Twitter account was obliterated by a fiat egomaniac, I wrote a thread laying out my predictions for how a bitcoin ETF could underpin a fiat 2.0 that purports to be atop (fractionally reserved) bitcoin. Here is the 12 part synopsis:

1. Operation Chokepoint 2.0 made Utah ILCs and other banks of the style that underpin lending startups unwilling to touch "crypto".

2. Before that, it would have been plausible to start a business that originates fiat loans for the purchase of bitcoin (sort of a layaway/mortgage style).

3. If the bitcoin were held in a 2-of-2 deadlocked arrangement between customer and lending company, it ensures company cannot rehypothecate, and ensures the loan is at least eventually paid off.

4. It is a great business, and as the calculator on https://faucet21.com shows, it allows people to end up with a lot more bitcoin.

5. As companies like Swan, Unchained, Strike, and River with mediocre business models chase greater revenue for investors, those companies and others will build lending tools like this, but for a bitcoin ETF rather than bitcoin.

6. In this way, they can gain 10x higher fees on 10x the investment capital (note, this is effectively the money printer getting connected directly into bitcoin purchasing) all the while triggering NGU. I anticipate the ETF will actually be 1:1 for a long time because there is an end game.

7. It will become the standard for noobs to get in this way and the bitcoin price will rise into the millions -- most influencers, podcasts, and conferences will dismiss the problems due to NGU.

8. Then when the bitcoin ETF rivals the pension or housing bubbles, perhaps even just low tens of trillions, the 6102 will be announced, and the ETF will turn into fiat 2.0.

9. There will be a conversion window turning all fiat 1.0 into fiat 2.0 (maybe all tied to a central federal reserve account that individuals have access to), so there is your first large chunk of devaluation.

10. There will be top down attempts to force all contracts to be denominated in fiat 2.0 -- large companies will pay salaries in it, BlackRock will rent houses in it, and fiat cash will be eliminated for total surveillance.

11. If it does not fall within days to weeks, fiat 2.0 will fail shortly thereafter as it trades at a significant discount on the international markets due to its market estimated amount of underlying bitcoin combined with huge counterparty risk and lack of auditability.

12. Nations that minimize the violence and theft they carry out in this tumultuous time may emerge as new global Schelling points and private companies will step in to further stabilize these regions by providing voluntary rule of law and insurance services.

Many will be rekt, bitcoin will be fine

Tick tock, next block 
 If it were in a 2-of-2 multisig where you get part of it as it is paid off, there would be no problem. Try the calculator. 
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 Woah, this is super bullish for Nostr. I haven't been on here much lately, but it seems the non-bitcoiner normies (who think they're edgy because hYperBorEan, or whatever niche) are coming. Idk how they got here, but they're here. Lfg 🚀

nostr:nevent1qqsz7qakrhj0u7m6v3vnf84c602pj4du9287lng3lcfmguzeuz2kc7cpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qwh3q9ehqfg4dm24g2yq0vv7v3udyt5zgaw6c2kahmk22j5hwquvsxpqqqqqqzv5j6mj 
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 Very gay. Teslas are peak fiat because they represent clinging to the delusion that the fiat world is a-ok via a simulacrum of great technology through faux-ambition, a cope that shitcoiner Elon Cuck gladly provides. 
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 👀