Take back control. https://image.nostr.build/dc3b88cf88ce039b591c8eea45cd041756b0221a210b63b356ae90f4f4e0a9ab.jpg


Today we pit financial institutions against each other to see who can buy the most #Bitcoin.

Competition is superior to government-coerced cooperation. What might the results of competition created by government policy be? https://image.nostr.build/b27c0d7dc2cfcdf946306939365e959b9aedd56965caf2c9660a7b800d6d238e.jpg


Today’s #Bitcoin decision will usher in a new economic era.

No one can predict what the outcome will be, but it’s safe to say that many people will be having new conversations for the very first time.

Let’s support them and show our best selves. Whatever their background, whatever their knowledge level, new Bitcoiners of all stripes should be welcomed. https://image.nostr.build/4f085f679a62f1f03b0db650d6792ce53d1e5577df48b9ce422814f968491523.png


Soon bankers will think they own #bitcoin too https://image.nostr.build/cdf44a67b33aed1db20f314231c8adc27cfe1839d8a1d0ec805709f0bacd1d52.jpg


Price inflation is ok but wage inflation is not.

The Fed’s mandate is to ensure you get a low-paying job. #BTC #CPI https://image.nostr.build/dc3b88cf88ce039b591c8eea45cd041756b0221a210b63b356ae90f4f4e0a9ab.jpg


Yeah, I think there’s some tension here. We tend to say we are against any form of physical violence. But then restricting access to resources can be interpreted as violence in the physical realm. “Threatening our way of life” is another gray area. So I can see a situation where a group feels threatened in a way that could prompt an attack from a PDA that claims to be nonviolent.


Hermann-Hoppe, in “Democracy — the God that Failed,” openly advocates for PDAs to destabilize and even attack nations in order to destroy their monopolistic competition.


If competition is the natural state, how do we explain cooperation? https://image.nostr.build/b27c0d7dc2cfcdf946306939365e959b9aedd56965caf2c9660a7b800d6d238e.jpg


I’m taking the approach of what is, less what should be. Historically, we always tend towards some taxation. I’m not convinced we will avoid this pitfall through competition, so sadly we must put some work into what and how much


Are there any players in politics we can really call neutral or middle of the road? https://image.nostr.build/eb46d4804a292e99a0a6e081fa797b514d9d28bd9c99305e28e60aee2bba12d3.jpg


The revolutionary generation, who experienced coercive taxation, will be able to distinguish that from voluntary payment to a collective caretaker. However, after a few generations, the distinction between voluntary taxation, which has now become rote, and traditional “government” taxation will be gone. Many people will be living under a government they call by another name. I see the ancap future as very important clearing of underbrush, but a totally new way of being. We do tend towards at least a little government.


Really looking forward to seeing how they propose we fix this one! https://image.nostr.build/e4ad34703879545900edecfc282997baa55d21b3c55d1f5f8467075f9e101971.jpg


The price of #Bitcoin is less related to the cost of production as some might think. A broad reading of the Marginal Theory of Value would suggest it has no relationship at all. https://image.nostr.build/4e9cc675134975a32e6f6e14203af6b58acd00746b6b716c6d76c93b3ea95ae5.jpg


Cut out the middleman #BTC https://image.nostr.build/9619b7de7f7c862d0c2bfe9094bde262369cb533929c72a9368d74790dfb988f.jpg


The link between excess credit and centralization has broad support. Ever bigger lenders offer ever better returns, leading to the too-big-to-fail situation we have today.

Even this guy agrees that’s undesirable.

Do we agree #Bitcoin fixes this? https://image.nostr.build/a9b28afa013d6f97330d5eadb113c90adcefeea46fd9525ed81423800d1ef834.jpg


Few people equate socialism with decentralization.

Yet many theorists actually view greater government control as a path to reducing centralization.

How - if at all - could that work? What would a decentralized state look like? https://image.nostr.build/33a60ab2c39bc351935a5a89f574e8f03b12ccb5b9b25bf2b3b9ad41b520a523.jpg


Oh I see, they are quite different that way. Thanks for the link - you’ve genuinely piqued my interest on this question, and I’m sure Lyn will help me understand.


Thanks for this! Help me out, I’m trying to learn here. These two quotes don’t seem opposed to me. The first describes the marginal theory of value, the second describes how an economy that allows for credit tends to centralize.

The second quote is for sure what happened to ethereum. But I’m reading from this that any credit, even a loan secured with bitcoin, would eventually lead to centralization. So are we saying only payments, no lending or borrowing?


What’s more important for #bitcoin #education - teaching or learning?

When dealing with people with different views, I say learning is more important. https://image.nostr.build/24cd8470d40ea4f7a4b6b237d6c93a62ae35bbaa39bbd4b3987060187ec1901f.png


Infinite money means infinite competition for resources - there is always an upside.

#Bitcoin fixes this by limiting rewards to what the system can actually provide. https://image.nostr.build/c9afa589ddf7a1c2a2b3a23b992e0315d55ce2f920ff81d61049cedf0e439ba8.png


As #btc price rises with hashrate, we are reminded of the Labor Theory of Value.

19th century theorists agreed that price was determined by the work that went into production.

How was this theory debunked? What can this tell us about the economics of mining? https://image.nostr.build/1540c66b36e4e11f24127d7211343923c7a8bb5dd344fe930c6569a1c8e4bba2.png


BitcoinerBolshevik

Multisig Manifesto: Don’t trust one belief. Verify truths using several nodes.