Claiming that #Bitcoin has “failed” as a medium of exchange is like claiming Michael Jordan “failed” at basketball because he couldn’t play the game in handcuffs.
Level the Fiat Income Tax playing field between #Bitcoin & the Dollar and see what happens.
Abolishing Income Taxes is the best Bitcoin Improvement Proposal today.
It would help Bitcoin scale and become more private, and there are no forks required.
🦅🇺🇸🫡
Fiat Bots: Think less, do more! All talk, no action! Ideas are easy, execution is the hard part!
Me: Do what? Act how? If ideas are so easy, then why is society following bad ideas? In a knowledge economy, it behooves you to know more… “doing more” is for slaves.
Know Bitcoin.
Bitcoin is to Dollars as Esau’s Birthright is to Jacob’s Red Stew.
Bitcoin is to Dollars as Lifeboats are to the Titanic.
Bitcoin is to Dollars as The Ten Commandments are to the Golden Calf.
The Dollar price of Bitcoin is an Oxymoron.
All production is a proof of work.
Except for Dollar production.
The Banks create that for free.
Then they loan the Dollars to you plus interest.
And if you don’t pay them back, they take your house.
Do you see?
Study Bitcoin.
A Barter market is a sign of health in the overall economy, not weakness.
If there isn’t a decent amount of Barter happening in your economy, then maybe your economy isn’t as Free as you think.
Barter, Bitcoin, and Freedom are mutually beneficial.
The Bitcoin Difficulty Adjustment is a stability/predictability mechanism.
The Segregation of Duties and Cost Asymmetries between Bitcoin nodes, miners, and keyholders is a security mechanism.
The Free Riders in control of Fiat Clown World despise Bitcoin because of its Free Rider Resistance technology.
Study Bitcoin if you’re sick and tired of being exploited by the Fiat Free Riders.
The way I see it, Saylor and MSTR will either hasten or delay our journey to a Bitcoin Standard.
But either way, Bitcoin will remain the Dominant Strategy for every human on this planet.
Nothing stops this chain.
What would it seem like if it seemed like the Clown Lords were intentionally blocking the Exits from Clown World?
2 assassination attempts on a POTUS Candidate doesn’t seem too far off.
Exit through the Bitcoin Gift Shop.
For our struggle is not against flesh and blood…
What would it seem like if it seemed like Bitcoin is the Dominant Strategy to the Dollar Prisoner’s Dilemma regardless of who wins the Clown World Elections?
The Segregation of Duties and Asymmetric Cost Functions between Miners and Full Nodes is literally what powers and secures the Bitcoin network.
Any change to this arrangement would break Bitcoin as we know it.
Miners and Full Nodes need each other.
Given that almost all Debt in existence was enabled by the scams known as Fractional Reserve Banking and Central Banking, then we should Forgive the Debt and write it off.
Then we can reset on a sound foundation with Free Trade based in hard commodities such as Bitcoin.
If you want people to have more kids, then Abolish Income Taxes.
If Govt stops stealing from people, then people can accumulate the wealth and resources necessary to bring more kids into this world.
If we stop being retarded, we might just save humanity.
Study #Bitcoin.
I think John Nash’s concept of asymptotic money with an asymptotic inflation curve is intriguing.
In theory, maybe it makes sense to let the #Bitcoin subsidy approach zero… forever.
Just some half baked food for thought…
Just food for thought… infinitely diminishing subsidy seems like an interesting element of predictability for the whole protocol… a sort of predictable but diminishing constant
Maybe our grandkids or great grandkids will have some fresh ideas to implement it if it makes sense…
Agreed that no one has any serious reason to fork the code over this today
Proof of Work > War
#Bitcoin’s Proof of Work protocol can be a positive sum game for all participants.
War is a zero sum game at best and a negative sum game at worst.
#Bitcoin is the Dominant Strategy.
Make #Bitcoin not War.
Mt. Rushmore of American Traitors:
Benedict Arnold - OG traitor
Woodrow Wilson - gave us The Fed, Income Tax, total scumbag
Jay Edgar Hoover - Scum of the Earth
Richard Nixon - killed Gold Standard, probably a puppet president, maybe more a symbolic traitor
Got #Bitcoin?
Regulation of weights & measures is necessary for science, & commerce… the power to "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures” is given to Congress in Art 1 Sec 8.
Money needs fixed standards.
Study #Bitcoin.
Perhaps the greatest Irony ever is that Paul Krugman’s downplaying concerns about rising debt loads is the best reason for why it all needs to be Forgiven with a Global Jubilee.
Then humanity can get on with using hard commodity money.
I remain long Irony and #Bitcoin.
Let’s say market price of beef & butter is 1,000 & 500 Sats/pound, respectively.
We don’t have any #Bitcoin, but I have 1 pound of beef & you have 2 pounds of butter.
We can still use #Bitcoin price signals to negotiate a rational price.
1/2 lb of beef for 1 pound of butter.
This is why I say #Bitcoin price signals scale faster than UTXOs.
In a true free and open market where producers can directly barter with each other, workers don’t need to actually own #Bitcoin directly to use Bitcoin price signals to facilitate a fair & rational trade.
#Bitcoin is backed by random acts of honest work.
This randomness is essential to Bitcoin’s Patient Ferment Power Law Mental Model, which has yet to be invalidated after 15+ years of Bitcoin’s existence.
I might be the only person who understands this… for now.
😉😏🫡
Some people like to contribute their resources to the Church.
Some people like to contribute their resources to the State.
I like to contribute my resources to #Bitcoin because it’s better than any economic incentive system that the Church or State has ever come up with.
Income Tax exemptions help #Bitcoin scale and become more private at the same time.
No hard forks or soft forks required!!😀
Let’s stop being stupid and pick our battles wisely.
#Bitcoin and Free Markets are fundamentally about trusting the verifiable free market price discovery process while staying committed to basic quality control standards.
Given #Bitcoin is the lowest common denominator of the Future, we should keep things as simple as possible.
Contingency and redundancy of a % of my online Bitcoin connections if/when they tighten the vise-grip on Twitter and other social media sites…
The knowledge/hive mind network of Bitcoin users online is a huge positive for the Bitcoin network… I want to stay tapped into and engaged with that
People don’t understand how much they will have to change along with collective culture in order to get the most out of #Bitcoin.
Abolish Income Taxes
End the Fed
End the Forever Wars
Abolish Bankrupt Entitlements
Forgive the Fake Debt
#Bitcoin cannot truly set us free until we abolish Income Taxes, Social Security, Medicare, The Fed, and the Fake Fiat Debt.
You can disagree and bitch and moan about it all you want, but the Truth doesn’t care.
One way or another Marxist Clown World brainwashing has to be reversed, which includes everything I mentioned.
#Bitcoin needs fertile soil to grow in
Which is just The Truth.
It’s fine if you disagree. The Truth doesn’t care.
The “programs” are bankrupt and completely disconnected from economic reality and accountability.
Your assumptions about what I think couldn’t be less accurate and have nothing to do with my OP.
#Bitcoin is not compatible with systemic theft, which is what all Govt programs are
Whatever “debt” you speak of that I may or may not owe to your nebulous “society” in no way justifies systemic theft.
“Society” is not my Master, and we are not its Slaves.
Taxes and money printing are theft. If you disagree, you’re just being logically and ethically dishonest.
I’m not reading all that.
Our “government” that represents society creates no value for our tax dollars. It is pure unadulterated theft and parasitism.
It all needs to be abolished and we need a complete reset starting fresh with first principles.
Thou shalt not steal, accurate and honest weights and measures, etc…
Dishonest and inaccurate weights and measures are incompatible with the Scientific Method, Free Trade, and Human Flourishing.
Exit Fiat Clown World through the #Bitcoin Gift Shop.
Time, Energy, Human Willpower, and God (whatever God means to you) are #Bitcoin’s greatest allies.
#Bitcoin is Sacred.
But #Bitcoin is not God.
#Bitcoin simply helps us maintain accurate and honest weights and measures, so we can live long in the land our Creator has given us.
Don’t bitch and moan about #Bitcoin not being scalable or private enough when you could be bitching and moaning to the Federal Govt about Abolishing Income Taxes.
Channel your bitching and moaning wisely.
Income Taxes are theft and a massive violation of privacy.
Them: We have to activate Covenants & CISA to help #Bitcoin scale and become more private or else Bitcoin will fail!!
Me: Abolishing Income Taxes helps #Bitcoin scale and become more private at the same time without changing any core code at all.
Them: reeeeeee nooooooooo
Donald Trump is a creature of mainstream media… The same mainstream media that lied about 9/11, WMDs, Mortgage crisis, Covid, the Food, the Money, and so much more
Trump was also chosen by God to Save America. 🤡
Exit Clown World through the #Bitcoin Gift Shop.
A real miracle would be Abolishing Income Taxes, Cancelling Entitlements, Ending the Fed, Ending the Forever Wars, and embracing fixed standards of monetary weights and measures with #Bitcoin.
Don’t get sucked into Donald Trump’s cult of personality.
Last time I voted for a mainstream presidential candidate was 2004 & 2008, a Republican and a Democrat.
Since then I accumulated 15+ years of empirical evidence via lived experience that overwhelming suggests #Bitcoin is the solution, not voting for a Republican or Democrat.
No politician needs my vote to win an election. There’s plenty of willing voters out there.
But every politician needs #Bitcoin if they want to save the Nation.
#Bitcoin is the dominant strategy.
If you don’t understand why saying #Bitcoin will trade for 0 dollars in the future is a bullish statement about #Bitcoin, then you still don’t understand lowest common denominators or #Bitcoin.
In no universe does humanity reach its full potential with Theft literally encoded into the DNA of the economic system via Income Taxes and Money Printing.
Stealing is antithetical to human civilization.
Thou shalt not steal.
Study #Bitcoin.
Doesn’t hurt for anyone to be familiar with the Wikipedia on manufacturing consent.
But I especially recommend it for the #Bitcoin Players.
Theatricality and deception are powerful agents to the uninitiated. https://en.m.wikipedia.org/wiki/Manufacturing_Consent
Don’t be so sure of things that you can’t verify for yourself.
It’s doubtful we’ll ever get the full story about yesterday… or many other horrible misdeeds that have taken place throughout human history.
But anyone can download and verify the full story on #Bitcoin anytime.
Global Debt Jubilee is coming.
More people are waking up to the fact that the vast majority of “Debt” is invalid because it was created out of thin air by Central Banks and Fractional Reserve Banks.
Forgive the Debt. Then embrace hard commodity money like #Bitcoin.
Egocentric #Bitcoin Players have ignored Satoshi’s essential wisdom of creating healthy boundaries between identities and ideas.
Ideas > Personal Identity
To whom it may concern,
If Global Debt Jubilee and #Bitcoin aren’t part of your soft landing strategy, then I recommend incorporating them into your playbook.
Sincerely,
₿itcoin ₿ombadil
Time as we know it is observable and verifiable Proof of Work.
Sunrise. Sunset.
Full Moon. New Moon.
Spring. Summer. Winter. Fall.
#Bitcoin’ s Proof of Work protocol balances on top of another Proof of Work protocol known as Time via the 10 minute difficulty target.
Time on Earth is an objective unit of measure that we calculate by observing various Physical Work Cycles/Intervals of the Universe.
#Bitcoin’s Proof of Work protocol is anchored to God’s Proof of Work protocol.
What’s not to like?
“In the Malaysian tropical forest the Chewong people believe that every so often their own world, which they call Earth Seven, turns upside down so that everything is flooded and destroyed.”
-Fingerprints of the Gods, by Graham Hancock
Me: Abolish Income Taxes to improve #Bitcoin privacy & scalability.
Them: That won’t happen! It’s too hard to end Income Taxes! Just activate Covenants. Satoshi wasn’t omniscient!
Me: I prefer hard choices, easy life. You prefer easy choices, hard life, which is why you fail. https://qph.cf2.quoracdn.net/main-qimg-6f2f53210be811ef136c49ca9b46e1e4
The best way to improve #Bitcoin Privacy and Scalability is to Abolish Income Taxes.
#Bitcoin influencers don’t talk a lot about this… they don’t want to be targeted by the Tax Man. I get it.
Sadly, these influencers spend their time promoting new Op_Codes instead.
Few.
#Bitcoin influencers are ignoring the most important limiting factor effecting #Bitcoin scalability and privacy (income taxes) and instead they’re focusing on promoting new Op_Codes, drivechains, BlockSize increases, and other half baked ideas..
Chemistry and Physics are experimental sciences built on Standardized systems of Objective measurement.
If we even want to pretend that Economics is an experimental science, then we need to agree to a Standardized system of Objective measurement in our Money.
Got #Bitcoin?
The Dollar price of #Bitcoin is an Oxymoron.
The Dollar price was an Oxymoron at $10 per #Bitcoin.
The Dollar price will still be an Oxymoron at $100 million per #Bitcoin.
#Bitcoin security emerges from the segregation of duties and asymmetric cost functions of its key constituencies aka Miners, Full Nodes, and Key Holders.
Income Taxes limit the full impact of #Bitcoin’s Network Effect.
It’s as simple as that.
Any #Bitcoin Player who dismisses the negative impact Fiat Taxes have on #Bitcoin ’s utility and adoption are just being disingenuous and showcasing a massive blind spot in their thinking.
Patience leads to maximum flexibility & optionality for #Bitcoin as we brainstorm more ideas while our #Bitcoin boat keeps floating and the Fiat boat keeps sinking.
Abolishing Income Taxes is the lowest risk/highest reward way to help #Bitcoin on scalability & privacy fronts.
SCOTUS should have dismissed the Trump Immunity case without judgement because it’s Frivolous and told the Defense and Prosecution to go do something better with their time.
Instead all we get is a dangerous precedent.
#Bitcoin doesn’t recognize dangerous precedents.
The best way to help #Bitcoin scale and become more private with Zero risk to the Protocol is to Abolish Income Taxes. We should resist adding more functionality to #Bitcoin ’s code until we dismantle Income Taxes in Meatspace.
Good Morning.
Different ways to allocate capital & resources shooting from the hip:
Give it to a Church to allocate it.
Give it to a Govt to allocate it.
Give it to a Banker to allocate it.
Give it to a Skilled Entrepreneur to allocate it.
Convert it to #Bitcoin and allocate it yourself.
Make no mistake. There are Dueling Trojan Horse Attacks.
Fiat is trying to Trojan Horse #Bitcoin.
#Bitcoin is trying to Trojan Horse Fiat.
But #Bitcoin is still the Dominant Strategy, which Thiel seems to miss wittingly or unwittingly… my gut says it’s more of the former.
“Nothing gave Vanderbilt more satisfaction, one could almost say real pleasure, than running an enterprise, any enterprise, at top efficiency. Waste deeply offended him…”
-The Scarlet Women of Wall Street, John Steele Gordon
Vanderbilt would have loved #Bitcoin Mining.
“Silver acted as the main monetary measure, against which barley, copper, and other basic commodities were valued in a grid with fixed price ratios for payments.”
-Temples of Enterprise, Michael Hudson
I suspect #Bitcoin could benefit from commodity price grids too.
#Bitcoin will help humanity coordinate economic activity, co-measure economic value, and productively generate and allocate resources like the Ancient Mesopotamian Temples did thousands of years ago.
Only #Bitcoin will be even better.
“Large scale handicraft production and other specialized labor in the palace and temples needed forward planning and resource allocation. That required account-keeping, which in turn requires volumetric measures for crops and the distribution of raw materials obtained in foreign trade. What today is thought of as a monetary system became the organizing principle to denominate credit and exchange during the crop year, and to pay debts and other obligations at harvest time.”
-Temples of Enterprise, Michael Hudson
#Bitcoin is a new way to solve age old problems.
“Grain was designated as a unit of account to calculate values and co-measure labor time and land yields for resource allocation.”
“When information piles up and is not synthesized, it becomes useless: a good bureaucrat needs to be able to compress data.”
-Temples of Enterprise, Michael Hudson
Ancient Temples and Palaces understood the importance of data compression and common denominators to facilitate exchange.
#Bitcoin compresses economic information better than anything on the planet.
Mesopotamia’s palaces/temples designated grain & silver as reference points to co-measure the wide range of txs within their institutions & larger economy for grain, textiles, beer, boat transport, & ritual services.
-Temples of Enterprise, Hudson
Ancient analog #Bitcoin.
The sounder the price signal, the more optimized in-kind barter transactions can become.
Price matrices across a wide range of goods and services facilitate more free trade.
You just need to pick a common denominator.
#Bitcoin
Big Bruv is trying to provoke Little Bruv.
Don’t fall for the trap, Little Bruv.
Big Bruv wants to pick a fight. He needs an excuse to inflict pain and steal your life from you.
Leave Big Bruv behind through the #Bitcoin Gift Shop double mids blazing.
🖕🏼😎🖕🏼
2.1 Quadrillion #Bitcoin units and 10 minutes are the two most based monetary measures on the planet today.
#Bitcoin is Lowest Common Denominator Money.
“If the earliest urban zones are to be viewed as regimes, the archaic concept of regime was not our modern idea. The word is semantically related to regulate, and also reflects the idea of regularity, connoting the spirit of equity and even-handedness… the underlying spirit is one of standardization. Weights and measures are regularized, as are contractual commercial dealings. Parties are treated equally and symmetrically rather than dominated, and relations are formalized to minimize dispute.”
-Temples of Enterprise by Michael Hudson on #Bitcoin.
“To perform this neutral role, such sites tended not to develop at the center of their communities, but at boundaries or natural crossroads between diverse communities, or on islands.”
-Temples of Enterprise by Michael Hudson
Göbekli Tepe?
Ġgantija?
Ancient #Bitcoin?
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