The import thing is to be open, honest, and important to yourself. And be kind to yourself. No one is perfect. And, then, you can extend that caring and forgiveness to others, even if they change and aren't in your life.
"Bitcoin's price signal may be the strongest price signal in history." -Nick Szabo
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As people increasingly realize that monetary intervention does not decrease the cost of borrowing or increase the availabilty of financial capital, but actually causes capital scarcity and higher costs (as people and institutions avoid investments with a likelihood of debasement and loss), trust in government and its fiat money is lost.
Due to mistrust, the currency will increasingly fail over time relative to scarce money, as will society, because socialism does not work, and people will find ways to protect their individual interests.
Key points:
- Government interventions in the market price for goods (including money and currency) creates scarcity, not abundance.
- More and more intervention leads to socialism and complete central control.
- The collapse of manipulated money occurs on a timeline which mirrors people's failing trust in the current monetary system. Same with government.
- #bitcoin is a big idea.
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Bitcoiners on X are sus, period.
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No free lunch.
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I had my first bitcoin dream this weekend. It involved a faulty BIP, which caused me concern.
After over 7 years, does this mean that I've arrived?! Am I now a bitcoiner? 🤣
Anyone else have #dreams involving #bitcoin?
I had an irreverent English teacher in high school who described the "greasy poll of life." Strikes me as a perfect analogy when describing the effort required to succeed in the fiat world.
Those on the fiat standard work harder and harder, trying to climb the greasy poll, whilst always just sliding backwards unable to counterbalance the gravity of debasement and monetary inflation.
#Bitcoin gives its users the world's best tool to fight the gravity of debasement, ethically, without having to resort to the corruption the grease otherwise incentives.
Stay humble. Stake sats. #PV. Enjoy your day.
Fighting #bitcoin just makes it stronger.
Normies may panic. Price may go down. Bitcoin does not care. If you HODL your keys: Congratulations, you have escaped the matrix.
Live your life. Be the best you. Be humble. Stack sats. Fight. Write code. Touch grass. Shitpost. Sun your privates. Love family and friends. Pay it forward. Or, just do nothing and wait. You've won.
https://m.primal.net/IAWd.jpg
Japames sovereign debt is ~$7.85Tn.
Japan's gdp is ~$4.2Tn
Japan's tax receipts are ~$0.5Tn
Interst expense $.076Tn, given extreme yield curve control
So the currency just gets weaker weaker, and Japan gets poorer and poorer.
When the audience realizes it is all propaganda and lies, the puppeteer needs to change the puppet and/or stage to regain trust and credibility, and keep people in their seat.
You don't pick up on change quickly when you are looking at the average statistic. Average largely reflects the status quo, and common wisdom. It is flat footed. I would guess the ruling class likes to keep people focused on the average. AI is all about delivering the average. Keynesian thought focuses on the aggregate average. Don't accept the average, unless you like to be late to trends and reality. #nostr #freedom
Truth
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Historically, block space is most valuable only when the price of the token also starts to go exponential.
As the #bitcoin ledger is increasingly used to store information other than just bitcoin transactions, will we see fees paid for block space decouple and increase faster than bitcoin’s price?
In other words, will the network’s value proposition shift from “monetary” scarcity to “data storage” more broadly?
https://m.primal.net/HyPs.jpg
Beware of so-called "bitcoin" companies and influencers, attracted to the #bitcoin network's growing power, only to enrich themselves at the expense of you and the ideals of freedom.
Terrific discussion. Really appreciate the brain stretch, connecting dots and identifying trends.
Not a surprise that the ruling elite are leaning into bitcoin. I often analogize the bitcoin protocol to the US Constitution. Both are constructs for freedom. Both are powerful ideas with huge network effect and emotional pull.
The smartest fraudsters and scammers project alignment with these ideals (whether it be the ruling class/politicians/ institutions, or various "bitcoin companies" or influencers on X, etc), while really just acting to exploit and gain control and wealth at the expense of freedom.
Our timelines are similar. I am class of 2017, just in time for the block size wars, and initially spiraled down the rabbit hole with the help of the Magical Crypto Friends, etc! Ahh, glory days. Time flies, and amazing to think how much I've learned since then. If not for Bitcoin, I'd be viewing the macro landscape very differently at present -- and I'd have missed much of what is true and real. 🙏
Nostr is currently for hobbyists, like it should be at this stage. No need to rush or critique it.
Like Linux was in the early 1990s, first adopted by a fringe of supercomputer folks and those wanting an alternative to msft, Nostr is today for the bitcoin community and freedom advocates.
Today Linux is everywhere, for example Android.
Point being: we don't need to be disappointed, at all. This isnt a VC backed venture or anything. It will mature and progress on its own pace. And it will grow and succeed. Same as bitcoin.
Right on!
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ODELL's goal is freedom tech. Others' goal largely stops at NGU. The difference shows up in the degree to which folks are willing to accept capture. No judgements, as bitcoin is for everyone, and the truth is revealed.
Here Gensler says the SECs goal is to preserve the US dollar as the dominant global currency, because it allows the US Treasury to borrow cheaply.
So, the SEC is fulfilling its mission to "protect investors" by encouraging use of leverage. 👀
#bitcoin solves this.
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Notes by Toby McMann | export