"In our age there is no such thing as "keeping out of politics."  All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia." - George Orwell

The politicization of society- insisting every aspect of human life is political - is disastrous on many levels.

Inflation degrades our financial lives but politics degrades our personal lives and makes us worse people. It elevates differences of opinion into weapons and voting into proto-war. It makes us suspicious of our neighbors, given the winner take all, zero-sum nature of Washington edicts. The costs to simple human goodwill & social cooperation are enormous.

Good people are productive and build things- businesses, wealth, institutions, families, technological and scientific advances. They generally are too busy for politics, at least until midlife. Even then they often focus on philanthropy or local matters rather than attempting to influence national affairs (we're talking about the millionaire next door type, not billionaires or generational trust funders).

Bad people, by contrast, can only tear down and destroy. They gravitate toward politics from a young age, naturally seeking power without achievement or ability. They are insatiable in their need to exercise power over other humans, which gives them an explicit advantage over busy productive people.

Which leads us to a dilemma. Doing nothing is an attractive option. It makes sense simply to focus on one's own life, family, and career  But when too many good people do this, bad people fill the political void. The result is what we see today in hyper-political America.

This is why "liberty" is not political; it's the absence of politics. Liberty is individuals, families, markets, and civil society-- i.e. life outside the state. The goal is to make politics matter less. But how do we shrink politics down to a manageable size without accepting the political framing that besets us?

There are no easy answers here. But the best summary I've seen of our current situation comes from the estimable & distinctly apolitical @AnthonyEsolen in the current issue of @ChroniclesMag:
chroniclesmagazine.org/featured/cultu…

"The fight is on, whether we like it or not. I do not like it. I have a hundred better and sweeter things to do, and I am growing old. But you cannot win a fight unless you show up. You cannot defeat, by appeals to truth, someone who does not acknowledge truth as the ultimate arbiter. You cannot defeat, by appeals to proper procedure, someone who ditches procedure whenever it is convenient. You cannot defeat, by the evidence of beauty, someone who cultivates the hideous. You can defeat him only by finding him out, checking his advance, exposing his lies or bad faith, revealing his ignorance, holding doggedly on to what scrap of high ground you have managed to attain, and doing all you can to keep him away from any vantage of power or influence. You will be called all kinds of foul and false things. What of it? You will be called those same things anyway, even if you tried, as I did for the better part of 25 years, to mind your own business and let other people alone."

~ Jeff Deist


#Chicago #Bitdevs tomorrow ‼
https://meetu.ps/e/Mw70Z/NyGyt/a https://image.nostr.build/440e8b9952402286aab2e1e583672ce7a2083bba33b91c35e8bc9b300223a0b0.jpg


Our Dark Age of lgnorance -- and the Way Out | The Tom Woods Show

https://fountain.fm/episode/NRiWm74pfUxlKDCK5M7A


Rubin's Reubens And The Push For CTV 🥪

https://bitcoinmagazine.com/culture/rubins-reubens-and-the-push-for-ctv


A Declaration of Separation | Crypto Anarchist Series

nostr:npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vt
nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um

🤙

https://fountain.fm/episode/f0HzsYTIG5g87HEinmQn


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_795 - Bitcoin is Dead (Long Live IBIT)

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/ZBlS2FEz5lCWlQQeSG5K


It's been easier to convince people to hand over half their income, their children to war, and their freedoms in perpetuity - than to engage them in seriously considering how roads might function in the absence of taxation.


Reflections on the Libertarian Role in Society | Octavio Bermudez

"The “common good” is a paradigm of thought in which the one who provides and makes society work is the state. A paradigm in this scenario is a structure and a trend of thought that sees the state as the good guy. It doesn’t necessarily see the market as evil but does not consider it as contributing to society for its sake.

If libertarians desire to advance toward a free society, they should not only argue for specific policies but to overturn this paradigm. Thus, the role of the libertarian in society is a critical one, critical not only of the statist dogma but of “common knowledge.” “Common knowledge” is built within the framework of the statist dogma; if it were not this way, the whole struggle for freedom wouldn’t be necessary. Demystification is the task of the libertarian as a political actor in society. The critique of common knowledge and intuitive notions (as the Austrian School has taught, many truths are counterintuitive) is a path that the intellectual libertarian should take.

The idea of the libertarian as a critique of societal discourse and knowledge seems to go way beyond the usual libertarian way of doing things. The libertarian must realize that the fight against the state is all-encompassing; it is not only specific policies that are to be battled with, but the entire edifice of thought built around the state.

The libertarian, in this particular case, is not only a bringer of liberty but of enlightenment. This may seem to be too much, but the enemy we face is relentless and overwhelming; it does not compromise nor does it leave things untouched. Statism is all around us, and engaging particular public policies is helpful but not enough. A shift of paradigm is needed. It is not the state that helps the people but the market, which is the system of social cooperation that human action coordinates."

https://mises.org/wire/reflections-libertarian-role-society

https://fountain.fm/episode/foyQjJDmiCrGZPNmYeWp


Gene Callahan on the Failure of Liberal Neutrality | The Bob Murphy Show

https://fountain.fm/episode/RAxzaDyYanJYhq7tP45N


Hope to see some nostriches there 🤙

nostr:nevent1qqsy6h5l8tnadjssdq3vkuar5yf8tqf8tjk5ausd3klgka22vstpqaspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygzl4097txxlq8s0tsjvzpuql6q8tf3mygaj2j5zlput5sz774sqpupsgqqqqqqs7la4y0


#Bitcoin gives no fucks.

With this protocol, nothing is sacred and it has no opinion. It just executes…LIKE A GORGEOUS PSYCHOPATH.

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8  joins to riff on this and more.💪

👉 https://fountain.fm/episode/MVdAsU6QXUr3VDu1h4x1 https://image.nostr.build/1490561b5118efd3a3f3dcb354308e2e156407dd3799cf9b050a1c3e56f67f0e.jpg


#nostr is the garden.

Cherish these times 🌱
nostr:nevent1qqsw6l5fa6m7l59p83ku27tj3kkmsgrm3l9f7vvrstmwc5u3gefn36cpp4mhxue69uhkummn9ekx7mqzyzu7we2xhgry2mknq8v7227yn7jguu9xhu3g90n6rtnjj3mpyq3acqcyqqqqqqgkmu2su


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Chat_091 - Economic Myths & The Dollar's Destiny with Dr. Robert Murphy

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/H9KPZmBkUUAurKJCci35


You enjoyed ICOs, NFTs and Ordinals right?

Well the next scams attempting to relieve you of your bitcoin will come in the form of "Layer 2 Solutions" that claim they solve bitcoin's scaling problems.

And you guessed it, they'll each have their own native token that they'll claim is necessary for scaling.


 🚨 NOSTR GETS IT FIRST!!! 🚨

I wrote a beginner-focused guide to getting started with, and upgrading, your Bitcoin Custody in this here year of 2024 🔗 ⤵

 https://yakihonne.com/article/naddr1qq24qvjzxd997kz2xedy77nev9m9y5fkxfjyzq3qs54cshfy6sgp7gajt97zpgdgxjcpumzwgu3x5zmhqa05krfxqrtsxpqqqp65wqhzzud

There are tons and tons of options out there that I did not cover; this article goes over my favorites, and the ones I think make sense given their trade offs.

Very special thank yous to nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz and nostr:npub1tv8gmfhalwnxxquxjzeh6gtdsdz6vg7vx0s3rt7s7uuw6aujh32qn77wn2 for reading over and giving feedback on the article -- I really appreciate you lads 🫂

Have a read over it yourself and let me know what you think!!

Love,
dern aka bitdern aka el dern diablito

#blogstr #writestr


Voluntary association does not imply an absence of rules, but rather emphasizes the importance of rules derived through consent and mutual agreement. It's about individuals coming together voluntarily, establishing guidelines that respect everyone's rights and choices.


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_794 - Open Letter To Prospective ETF Buyers | nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/YBzUaPnDzc8PTchRCFlr


Where Did Bitcoin Come From? The Genesis Book with nostr:npub1art8cs66ffvnqns5zs5qa9fwlctmusj5lj38j94lv0ulw0j54wjqhpm0w5 | SLP 544

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/jmmqRHb7X8gzVu3mRaaC


Scientism and Other Weird New Religions | The Tom Woods Show

https://fountain.fm/episode/K1NGf6ZnSRKUrgtzv0OU


Welcome to Covenants 101, with a focus on CTV.
What are they? Is this an attack on bitcoin? Can the government lock up all our coins?

Without an accurate mental model of what's actually going on, it's hard to reason on what they can and can't do.

So let's walk through it. 📩👇


Babylon Bee Deserves Krugman's Nobel Prize

https://fountain.fm/episode/cxvLEZuc5HZ1qkkWWadg


The basic tool for the manipulation of reality is the manipulation of words. If you can control the meaning of words, you can control the people who must use the words.

- Philip K. Dick


The Milwaukee Bitcoin Meetup Scott's Vision group is an incompatible consensus change hard fork of this group.

Beware of scammers.


Hard Truth: See things as they are and not as you'd like them to be

nostr:nevent1qqszm3spxajtq6fxkpfwnpqdc0fdezyk2gk46xwd2s7tq6zvvafnqlspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg8g3f53axxenp7fv3fpmlmqqf0kquqr0zjg0yvqmjamffgz0pgyzypsgqqqqqqscx6x2e


Values are indeed learned, and as Rothbard highlighted, the success of any social system, be it anarchist or statist, depends on the majority's disposition towards peaceful coexistence. Anarchism, rather than promoting violence, contends that by eliminating the institutionalized violence of the state, society can maximize opportunities for cooperation and minimize channels for aggression. The focus should be on fostering a society where individuals, through voluntary cooperation, uphold peaceful values.


Why Society Doesn't Need the State

Murray Rothbard identified the fallacy in the argument that people cannot recognize the equal rights of others without a state:

In a profound sense, no social system, whether anarchist or statist, can work at all unless most people are “good” in the sense that they are not all hell-bent upon assaulting and robbing their neighbors. If everyone were so disposed, no amount of protection, whether state or private, could succeed in staving off chaos. Furthermore, the more that people are disposed to be peaceful and not aggress against their neighbors, the more successfully any social system will work, and the fewer resources will need to be devoted to police protection. The anarchist view holds that, given the “nature of man,” given the degree of goodness or badness at any point in time, anarchism will maximize the opportunities for the good and minimize the channels for the bad. The rest depends on the values held by the individual members of society. The only further point that need be made is that by eliminating the living example and the social legitimacy of the massive legalized crime of the state, anarchism will to a large extent promote peaceful values in the minds of the public.

https://mises.org/wire/why-society-doesnt-need-state

https://fountain.fm/episode/QJtPbaTjA4y9d95WU6t1


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_793 - How Digicash Blew Everything

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/MHPRK07FW6VOzNNE5Cq0


In embracing the principle of self-ownership, we affirm the inherent worth and autonomy of every individual, fostering a society built on respect and personal liberty.

https://image.nostr.build/3fbc4a7ef506a49ef512f08d1ca5d775509b71238eac3174247fb5d79d3b928b.jpg#m=image%2Fjpeg&dim=908x907&blurhash=%7C89%25u5%3FHRkRjIUWBRkWCWB9GIU%25Loft7ofs%3Aj%5BofNKogj%3FayoJWBoej%5Bay%7EVt7IVoLRka%23RkWBWB4nRjxuayt7ofofj%5Bofx_ofV%40WCf5WBjsoeWBxpaxR%2BofWEofWCWCj%5BIUoeogaxofayofj%5Bj%5Bo%24R*adayoIoff5j%5BWB&x=1a6612657ee8baff30dec6a48c3f0547834c67056fe969910168449f65f8d9cb


Bitcoin is a system of spontaneous order emerging out of the voluntary actions of individuals acting purposefully.

Bitcoin is Pure Anarchy by nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

"There is no authority to appeal to here. There are no rules to demand people follow other than the consensus rules themselves, and even that cannot be demanded or enforced. All you can do is hope that people choose to continue following them out of their own self interest. At any time a persuasive individual or group can convince others to change even those. If that occurs, there is nothing whatsoever you can do about it except attempt to be more persuasive.

That is what anarchy is. Free association devoid of any type of authority, or coercion, or control over who other people associate with, or under what terms they choose to associate. Bitcoin is anarchy, and if that fact disturbs you or instinctually makes you want to argue against it, then the reality is you never understood Bitcoin in the first place."

https://bitcoinmagazine.com/culture/bitcoin-is-pure-anarchy


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Chat_090 - The Danger of Being Right Too Early with Devon Eriksen

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/OGQV5geuq6SrJVDosjY4


The Establishment Is Unmasking Itself

"While force is [the ruling class’s] modus operandi, their basic and long-run problem is ideological. For in order to continue in office, any government (not simply a “democratic” government) must have the support of the majority of its subjects. This support, it must be noted, need not be active enthusiasm; it may well be passive resignation as if to an inevitable law of nature. . . . Therefore, the chief task of the rulers is always to secure the active or resigned acceptance of the majority of the citizens." - Rothbard

https://mises.org/wire/establishment-unmasking-itself

https://fountain.fm/episode/AlyPwSVRyTaRRMTh5Dt2


In Bitcoin, Explained 89, @provoost and I take a deep dive into two more pre-Bitcoin electronic cash proposals: Wei Dai's B-money and Hal Finney's RPOW.

👂👇

https://bitcoinexplainedpodcast.com/@nado/episodes/episode-89-b-money-and-rpow-rm5k2


ok it's out! online class about elliptic curves, private + public keys, sighash flags, and multisigs!

also included: P2PK, P2PKH, P2WPKH

use the link below to get into class for free, til Feb 1st or we get 1k signups!

nostr:note1rw4ahj77ne07sdaqsakp9yaxnvs5gc3wkkgupat74azjdg254fdqklrj8l


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's  Take_079 - BITCOIN IS NOT MONEY

https://fountain.fm/episode/mGLo4SMCMm4qbIFEetNe


Let's workshop some titles! 😁


nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq #289: ESCAPE FROM BARRY'S TOXIC ISLAND

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

Stay humble, stack sats, and starve the State

https://fountain.fm/episode/T35hFoo6I7su4TxOzYOc


The rights of nullification and secession are so important to the advance of liberty that they must be supported even when one opposes the reasoning that compels people to desire either.


What are you asking?


Know Thyself

nostr:nevent1qqsgra82d6mdhsjwa4nghz04spchzxgyy5uywj6cyquu4kucm23vc5cppemhxue69uhkummn9ekx7mp0qgswcm3k6hy7hp60rk6z20hsydml0nrsd97d5s8mlvjda44469xvunqrqsqqqqqppv5dwl


Are Capital Gains Income? The Connection with Mises's Calculation Problem

https://fountain.fm/episode/XxrrHjHvG2orQBVEMYUC


There is no amount of changes that bitcoin can do that will make Lightning scale to visa level payments.

Lightning is cool, kinda works now, I use it all the time. But doesn't scale. Maybe it's how we clear ecash.

We need something else.

Eye on the prize.


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_792- How CTV Helps Scale Bitcoin ( nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/ipajmjxTPBLmBYwu0oNj


Defending Bitcoin PoW in the EU with Lyudmyla Kozlovska and Bota Jardemalie

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/UaRdiMk3lt6yl82A7fwM


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Chat_089 - Lightning's Next Era with nostr:npub1vwlazqm4rearynuef92ccxw5jwa6kgkupztxvz3lklj9ehqv9xpq8wr934

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/iNYDDRSl82IL4wfi6mGd


if you gaze long enough into an abyss, the abyss will gaze back into you.


nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq #288: LIVE FROM NASHVILLE ENERGY & MINING SUMMIT 2024

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/oVossa02AJpcsTX7jMBk


Geoffrey West and the Universal Laws of Life, Growth, & Death in Organisms, Cities, & Companies

nostr:npub1pzuqm2zm569vqvvgt6j4t26zhdpzx877nd5sh0g0frqj3halsqysmkl6hp
🤙

https://fountain.fm/episode/KbRFWXfzX3KgxsNnPEQv


All initiation of force is a violation of someone else's rights, whether initiated by an individual or the state, for the benefit of an individual or group of individuals, even if it's supposed to be for the benefit of another individual or group of individuals.

- Ron Paul


Please let's not start saying that ecash is self-custodial. It is not.

You hold the ecash, we get it. The ecash part is non-custodial, ok. It's been thought of that way since the 80s. It's fine to think that way if you're literally the central bank and the ecash you issue IS THE MONEY AND NOT A REPRESENTATION OF AN UNDERLYING ASSET – only a central bank can do this. Repeat with me: Only a central bank can do this.
Ecash today is a representative of an underlying asset. In Cashu and Fedimint that's BTC. You give up control over that underlying asset. You measure everything in terms of that underlying asset. It is all about the underlying asset. You have NO GUARANTEE WHATSOEVER TO REDEEM THAT UNDERLYING ASSET BACK – ecash systems the way we are building them today ARE CUSTODIAL – please don't make things more complicated than they need to be. Please do not manipulate language and especially, do not confuse noobs who are still learning. I almost want to say that a framing like this irresponsible.

What are you going to say to the noob who wants their Bitcoin back but the federation broke down during an update and the database got completely rekt? How is that non-custidal or self-custodial or whatever the opposite of custodial is.

With all due respect, this is a bad take.
nostr:nevent1qqsgmdq84paa2npxhhad7wdg8jnfp4v7ehu9857x2rzky807zzflxdspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygyj0ynkhlac8nhr89rw2exrvq9r9pqzdx5zqmgpmh6qcepjh2stevpsgqqqqqqs8u3eq5


I really don’t get the equating of CTV with either the “too much complexity” or the “this is about shitcoins” argument. This is a basic primitive that seems to me that it will very likely help to reduce, not increase, the complexity of L2 designs at scale. And I can’t see how it does anything to help shitcoins or why it would matter. nostr:note18k3ayydxy3cttdjezh0zdyd49p98mxn3p7mywr6hnc737m8akk3sdhz83a


And principles.


The Economics of Bitcoin Scaling with nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
🤙

https://fountain.fm/episode/56k2xlZdUblYJNTD3KqY


Covenant Use Cases & TXHASH with Steven Roose

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/O927vOgQph6YRQveczuf


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_078 - Are the ETFS the End of the Bitcoin Dream?

https://fountain.fm/episode/TOmDzySmkCpWfRrYkF7o


Banks Without Bankers with nostr:npub1m7fjc8z7t00jzrgkfm4kzvnv4chf04rq9ykpke0rpe0ke2kud24qmg0l4p Yakes

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/oh69esoovtYl3L7l5jlF


The Genesis of Bitcoin with nostr:npub1art8cs66ffvnqns5zs5qa9fwlctmusj5lj38j94lv0ulw0j54wjqhpm0w5

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
🤙

https://fountain.fm/episode/tNPnCMa8pWYzEeJT85je


Rational conduct means that man, in face of the fact that he cannot satisfy all his impulses, desires, and appetites, foregoes the satisfaction of those which he considers less urgent. In order not to endanger the working of social cooperation man is forced to abstain from satisfying those desires whose satisfaction would hinder the establishment of societal institutions. There is no doubt that such a renunciation is painful. However, man has made his choice. He has renounced the satisfaction of some desires incompatible with social life and has given priority to the satisfaction of those desires which can be realized only or in a more plentiful way under a system of the division of labor. He has entered upon the way toward civilization, social cooperation, and wealth.

- Mises


Haven't read it. Seems interesting, thanks for sharing 🤙


Reality can be stressful and can sometimes get very rough. Everyone has an incentive to postpone it. Most of us, however, learn the hard way that postponing reality only makes it far worse than facing it early on.


The fundamental facts that brought about cooperation, society, and civilization and transformed the animal man into a human being are the facts that work performed under the division of labor is more productive than isolated work and that man's reason is capable of recognizing this truth. But for these facts men would have forever remained deadly foes of one another, irreconcilable rivals in their endeavors to secure a portion of the scarce supply of means of sustenance provided by nature. Each man would have been forced to view all other men as his enemies; his craving for the satisfaction of his own appetites would have brought him into an implacable conflict with all his neighbors. No sympathy could possibly develop under such a state of affairs.

- Mises


Thanks to all who braved the dangerous cold last night, with special appreciation for those who actively participated in the Socratic discussion.


The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities.

― Ayn Rand


Scaling Bitcoin with Giacomo Zucco, John Carvalho & Matt Corallo

https://fountain.fm/episode/MPiahV4xWWil5fnY1PEA


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_791 - Rethinking Lightning by Ben the nostr:npub1u8lnhlw5usp3t9vmpz60ejpyt649z33hu82wc2hpv6m5xdqmuxhs46turz

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/XzYkJJPVxjQkJIXmdmAT


Principles of Economics Chapter 16: Violence

You're right in the individual sense. You cannot agree to reject violence if someone is directly using coercion against you.

The context the quote is referring to is about deciding on which social systems we choose for organizing society. Do we choose the market order of voluntary exchange, mutual respect, specialization, and the division of labor or the State order of the initiation of violence, coercion, and intervention.


The extent to which groups of individuals, small or large, agree to reject the initiation of violence is the extent to which they can live in a peaceful extended market order and benefit from the division of labor. The extent to which the initiation of violence is accepted by some members of a group is the extent to which conflict emerges and undermines the cooperation necessary for the market order. Aggression being legitimate for one individual or group but not others is not a moral standard that can be consistently applied across society.

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_789 - Can Appreciating Bitcoin Be a Good Money?

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/THVQJVbnPK6sleMrSvFN


Show nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev some love and zap him to help out. I owe so much to nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q

nostr:nevent1qqst785ffry7vyh6ldn9p7l524mr0x8tl6aurg6l8f4gt6rdk9lahycpzpmhxue69uhkummnw3ezuamfdejsyg9euaj5dwsxg4hdxqweu54uf8ay3ec2d0ezs2l85xh899rkzgprmspsgqqqqqqspp09cj


How CTV Can Help Scale Bitcoin

https://bitcoinmagazine.com/technical/how-ctv-can-help-scale-bitcoin


“Human beings are born with different capacities. If they are free, they are not equal. And if they are equal, they are not free.”

―Aleksandr Solzhenitsyn


In Milwaukee, we're buzzing with excitement because everyone's suddenly chatting about 'Ending The Fed'. I mean, ETF stands for that, doesn't it?


Thanks! Feedback is appreciated 🙏


ELON CAN SEND A TWEET FROM THE PRESIDENT'S ACCOUNT IF HE WANTS.

CENTRALIZED SOCIAL MEDIA SHOULD NOT BE USED FOR OFFICIAL COMMS.

POSTS SHOULD BE CRYPTOGRAPHICALLY SIGNED.

THE NOSTR POST YOU ARE READING NOW WAS SIGNED BY MY PRIVATE KEY AND VERIFIED BY YOUR CLIENT.


🔔 🔔 NEW OP_RETURN 🔔 🔔

09/01/24 SEC Chairman on the brink of second ETF approval

https://mempool.space/tx/07bcf35c548e402e2219fbd846d4e736418d777c38bda6465e7f2956fd63e948


Safe travels today. See everyone in a week!

nostr:nevent1qqs8wfactr4khrv9fycsf45dekfl525fk0vwn2s4c09lfwaywyep8scpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygzl4097txxlq8s0tsjvzpuql6q8tf3mygaj2j5zlput5sz774sqpupsgqqqqqqsc2qw2u


regular reminder that lightning *is* a “shared utxo” protocol that uses covenants (and multisig) to scale bitcoin payment tx thruput

most of the commentary against it points out that it does not scale number of holders in relation to # of utxos. in my mind this is a good sign of the protocol’s success (it shipped and people use it and they found drawbacks with the MVP). It’s also a sign of bad messaging around the applicability of 2-party accounts to certain payment situations (venmo for example)

sometimes it is useful to have multiparty channels; i’d argue that liquid is one such example of this.

federated mints are another one; note that both of these multiparty systems require consensus algorithms to function. fedimints were using BFS, (iiuc they just changed to a new one). liquid uses “nakamoto consensus” aka a blockchain to keep track and agree on shared balance states

Lightning was shipped as the minimum viable product to scale tx thru-put and it succeeded at that. it did this with minimalist, 2-party design as consensus from 2-parties is the simplest case. this meant it could avoid tricky consensus questions and focus on privacy + throughput instead

shipping multi-party utxos at scale will require a solutions for managing consensus amongst stakeholders in the “shared utxo”; see Ark and already existing federations for examples of contending with this problem 🫡


"So how do we scale ownership? Simply put, the answer today is custody, whether that is pure custodial like a Wallet of Satoshi or in the grey area like fedimints and liquid, the only way to do it today is through custody or federated bridges."

nostr:naddr1qqrrxdeexger2q3qu8lnhlw5usp3t9vmpz60ejpyt649z33hu82wc2hpv6m5xdqmuxhsxpqqqp65w73757p


“If you take away the state’s monopoly over the means of economic interaction, then you take away one of the three principal ingredients of the state. In the model of the state as a mafia, where the state is a protection racket, the state shakes people down for money in every possible way. Controlling currency flows is important for revenue-raising by the state, but it is also important for simply controlling what people do...”

— Julian Assange (Cypherpunks: Freedom and the Future of the Internet)


Every kind of human arrangement is connected in some way or other with money payments. And, therefore if you destroy the monetary system of a country or of the whole world, you are destroying much more than simply one aspect. When you destroy the monetary system, you are destroying in some regards the basis of all interhuman relations. If one talks of money, one talks about a field in which governments were doing the very worst thing which could be done, destroying the market, destroying human cooperation, destroying all peaceful relations between men.

Mises


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_787 - Usury, Your Bank, and You ( nostr:npub1hghnjjpnvkz8t6gkszuf37d7puwc2qtxc65rnklqsngzv6kkug9qhhfyz2 )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/8REbtTLamnGzEjdylGcy


It is a given that man is born as a child, that he grows up to be an adult, that he is capable of procreation during part of his life, and that he ages and dies. These biological facts have a direct bearing on time preference. Because of biological constraints on their cognitive development, children have an extremely high time-preference rate. They do not possess a clear concept of a personal life expectancy extending over a lengthy period of time, and they lack full comprehension of production as a mode of indirect consumption. Accordingly, present goods and immediate gratification are highly preferred to future goods and delayed gratification. Savings-investment activities are rare, and the periods of production and provision seldom extend beyond the most immediate future. Children live from day to day and from one immediate gratification to the next.

In the course of becoming an adult, an actor's initially extremely high time-preference rate tends to fall. With the recognition of one's life expectancy and the potentialities of production as a means of indirect consumption, the marginal utility of future goods rises. Saving and investment are stimulated, and the periods of production and provision are lengthened.

Finally, becoming old and approaching the end of one's life, one's time-preference rate tends to rise. The marginal utility of future goods falls because there is less of a future left. Savings and investments will decrease, and consumption -- including the nonreplacement of capital and durable consumer goods -- will increase. This old-age effect may be counteracted and suspended, however. Owing to the biological fact of procreation, an actor may extend his period of provision beyond the duration of his own life. If and insofar as this is the case, his time-preference rate can remain at its adult-level until his death.

Hans Herman Hoppe


"Our government is filled with a bunch of disgusting excuses of human beings who are completely controlled by corporate and banking interests who are dead set on cattle herding us into a neo-techno-feudal world. This should be expected. However, it should not be accepted. These people don't have a single leg to stand on. They are the criminals they project the everyday Common Man to be and they are beginning to push people over the edge. They better be careful because more and more people are beginning to realize the con that they're playing and are holding up mirrors to expose the overt hypocrisy."

nostr:nevent1qqs9u2xpk8zw27cuqtsmhcddn82ndc5wpd74nl7966xjdcuvk6snq0gpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszyprj73q098hejm5j5xrt35eqluvqep2eqwyzukw4phsm302kdycpuqcyqqqqqqgnpnyyt


Different strokes for different folks.


nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq  #286: ONWARD

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/xess5OMige5p7m6sEJX8


Just be extremely skeptical.
nostr:nevent1qqsq8l8gwzeaaly74tlw4g7p5qqfpf34px59f7klz967das4mnvf84qpzpmhxue69uhkummnw3ezuamfdejsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqsjs532g


👇👇👇Plain Truth👇👇👇
nostr:nevent1qqsgde2hnctzu0fgezkz05485gdf724nqs06w53anec3kslf0nxs8ygpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqh25snyyjea2cwvxe4gj47xum4fyx0gfqxkmhdvjxcq33ppg82s7qvzqqqqqqy0c055z


Walter Williams


Everything Voluntary ✌
End the State


My philosophy is based on the principle of self-ownership. You own your life. To deny this is to imply that another person has a higher claim on your life than you do. No other person, or group of persons, owns your life nor do you own the lives of others.

https://video.nostr.build/87003c81bd1276fa2b3ce7d4819b8a3fa92811ca3af7a505e6dc26d48fd206ef.mp4#m=video%2Fmp4&dim=720x720&blurhash=UN9QqOkEN%25a%23OLofs%3Aa%24XBjYsQWUV%40WAWUj%3F&x=d257a65d8c7a29ed13fe6ee084a83d4c4e0df12460a0b21c42e617df7e93569b


LOUDER
nostr:nevent1qqsgrjcl370nmaqdmrsmw3ykvawsvwdz286u8gdcfu2zfhhg88tmjmqpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqg3apxvd


Fighting The Digital Dollar And Al Surveillance with nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv & Mark Goodwin

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/2xVmjPuUm3q3iVoJD5er


BE EXTREMELY SKEPTICAL OF ANYONE WHO WANTS TO OSSIFY THE CURRENT STATE OF THE #BITCOIN NETWORK WHILE PROMOTING SELF-CUSTODY!

😁


Be extremely skeptical of anyone who wants to ossify the current state of the #Bitcoin network while promoting Self-custody.


Ossification and self custody don’t mix.


Broken Energy with nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

https://fountain.fm/episode/kZyDl5Z6Zg2hFpgQ84i8


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_786 - The Difficult Adjustment

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/iiZbPe1Ep7kQZ2ouELXv

https://bitcoinmagazine.com/culture/the-difficult-adjustment


The failure to understand exponential functions doesn't just hinder mathematics; it blinds us to the realities of a rapidly changing world.

https://image.nostr.build/3cfdd1b197457345d8423f8b7614b7e99c43b27c2c2ac8534bcc263f67332af2.jpg#m=image%2Fjpeg&dim=863x1056&blurhash=_uI%3DMqofRjf6RjayRj00j%5Bs%3Af6ofayofD%25ayoefPofj%5Bof%7EqfQWBjtWBjuWBD%25j%5Bofayj%5Bjtj%5Bj%5BayjtfQfQfQfQM%7Bjtj%5Ba%7Bj%5BfQj%5B-%3BfRWBj%40WVayayRjj%5Bj%5BjtfQfQj%5B&x=fda6150898a958c45876d29a48b1878beb9faf4ce6a759cf52d7b258e92a7953


The market process is the adjustment of the individual actions of the various members of the market society to the requirements of mutual cooperation. The market prices tell the producers what to produce, how to produce, and in what quantity. The market is the focal point to which the activities of the individuals converge.

In nature there prevail irreconcilable conflicts of interests. The means of subsistence are scarce. Proliferation tends to outrun subsistence. Only the fittest plants and animals survive. The antagonism between an animal starving to death and another that snatches the food away from it is implacable. Social cooperation under the division of labor removes such antagonisms. It substitutes partnership and mutuality for hostility. The members of society are united in a common venture.

Mises


Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.

Carl Menger


Are Covenants Necessary for Bitcoin? with Brandon Black ( nostr:npub1su60ga79paqea8kgkp52qeq4eduhtexc957m8utg4704xddprf4szmsu60 )

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/abBQbAO06PUYTnD0uYja


Happy new year everyone! 🎉

As a reminder our next meetup is in two weeks. Here are the discussion topics thus far. If you would like to see anything else on there please let me know and we will serve it up for group discussion.

https://github.com/MilwaukeeBitcoinMeetup/Milwaukee-Bitcoin-Meetup/issues/2


Mark your calendar! January 11 #Chicago #BitDevs is going to be 🔥
nostr:npub128a25achgxk429gwuwy7tgrwh44z5s42js2260cxdstk7tpxv9ds497erh is coming to town ! Along with Chris and Ian, Michael will be cohosting BitDevs 🤙 Get ready for a night of insightful conversations and networking! See you there 🫡
https://meetu.ps/e/Mw70s/NyGyt/i https://image.nostr.build/ea146bc4ed5895ebc481b63ed393417d7ec2f269f5eea2914ffbb9b39fbf0164.jpg


2024 will be the year that makes it clear that we’re not going to vote our way out of the problems that exist in the world. We’re going to have to build our way out.

Next year more people than ever will realize that bitcoin is a solution worth working on.


You lovely folks have zapped over 5 BTC via over 2,000,000 zaps this year!


I think the definition will have to evolve. At this point I don't know what that looks like in a hyperbitcoinized world.

How would you define it?


The ultimate success of the Bitcoin project will be gauged by the degree to which it scales monetary sovereignty.


💯

They will be strong advocates for ossification IMO


Everything Voluntary ✌

nostr:nevent1qqs2vccd7lmrpxccfgq4evtmpmht6fwmllrykeqhla3n54d0wefac3qpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg9euaj5dwsxg4hdxqweu54uf8ay3ec2d0ezs2l85xh899rkzgprmspsgqqqqqqsdfgh24


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Chat_88 - Broken Money, Broken World with nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/fifEc37O0LxV50ZvuhRW


If Canada and the United States can be separate nations without being denounced as being in a state of impermissible “anarchy,” why may not the South secede from the United States? New York State from the Union? New York City from the state? Why may not Manhattan secede? Each neighborhood? Each block? Each house? Each person?

Secession is a crucial part of the libertarian philosophy: that every state be allowed to secede from the nation, every sub-state from the state, every neighborhood from the city, and, logically, every individual or group from the neighborhood

In the first place, secession—the breaking up of a State from within—is a great good in itself for any libertarian. It means that a giant central State is being broken up into constituent parts; it means greater competition between governments of different geographical areas, enabling people of one State to zip across the border to relatively greater freedom more easily; and it exalts the mighty libertarian principle of secession, which we hope to extend on down from the region to the city to the block to the individual.


In debates between Anarchists and Statists, the burden of proof clearly should rest on those who place their trust in the State.

Anarchy’s mayhem is wholly conjectural; the State’s mayhem is undeniably, factually horrendous.

- Robert Higgs


Bitcoin's Finite Supply Is The Breakthrough with Dhruv Bansal

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/Jse50pCIpPyepi2N2iDq


Everything you always wanted to know about BIP 30 and 34...
https://bitcoinexplainedpodcast.com/@nado/episodes/episode-87-the-block-1-983-702-problem-s7s3j


Thanks for the recommendation. It's in my queue 🤙


Elizabeth's War on Bitcoin with nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/5BOIqdYXVgUCFK038bQj


 Bitcoin And The Great Financial Crisis with nostr:npub1w69ya7xs697hk3hky3gllryz8rwverfa0ylz89chf9qnhfcskc2s64zltw

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/ejOIEnbRndjrPv0edcHk


Decentralizing Bitcoin Mining Pools w/ nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr ( nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze )

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
🤙

https://fountain.fm/episode/8LMjQtDkrp5qPfSHWvdO


Bitcoin Mining Economics with nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
🤙

https://fountain.fm/episode/rFQ9MS8KGOpFYCAVWXgZ


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_785 - Everyone Needs an Uncle Jim ( nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/0AibR2rULTOFFOsSxzhq


Will Texit Be on the GOP Primary Ballot in 2024? | The Human Action Podcast

https://fountain.fm/episode/KtQSNCfXYhjZA8vWgIUz


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_077 - Dear Government...

🤙

https://fountain.fm/episode/TYlFku1kwJukBgsSkfn1


Count your blessings 🎄


The secret is Tangzhong


Merry Christmas everyone 🎄🧡


Understanding the fallacy of the labor theory of value is a first step toward respect for privately owned and controlled property, without which there can be neither voluntary exchange nor freedom.

Many people sincerely believe that the value of anything is determined by the labor used in producing it…. [but] Day-to-day experiences reveal its error … the same labor could be used to make mud pies as to make mince pies, yet the value in the marketplace would differ. A service or a product of little value at one time or in one place may [also] be highly valued at another time and place.

Individuals have varying value judgments. Value in the market sense, therefore, is a subjective rather than an objective determination. Value, as beauty, cannot be objectively determined.

https://mises.org/wire/leaving-behind-labor-theory-value


“There can be no truly moral choice unless that choice is made in freedom.”

—Murray Rothbard


Put it on your calendar - the next meetup is Tuesday, January 16th

https://www.meetup.com/milwaukee-bitcoin-meetup/events/kxkgjtygccbvb/


The State is the organization of robbery systematized and writ large.

nostr:nevent1qqsqx84x9pga3guqfrn55w9uc7wwa0cucgwm9xalq9qm2apchdrg5kqprpmhxue69uhkummnw3ezuendwsh8w6t69e3xj730qgswrlyglr3hs7z9slprxl6why9ydsxqvgky9emawhky5d6jruc0vgsrqsqqqqqpmyfuh2


The paramount fight for liberty in our lifetime is scaling the sovereignty properties of Bitcoin to encompass all 8 billion people globally.


Is voluntaryism extreme?


Q3 2023 Monetary Base Update with nostr:npub1ath4je07y7py74nvu044fum3f8hz3exc3dtcv782qg94w5gaddusl74k6d  Mežinskis

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/LuQBMnrGZ8la0VjKpMAu


Although it's clear that Bitcoin isn't yet equipped to scale to the needs of 8 billion people, proposals for enhancing its scalability frequently encounter substantial resistance. This cautious approach is understandable, but it begs the question: why does Bitcoin need to be on the brink of a crisis before adopting improved scaling solutions?


The services money renders are conditioned by the height of its purchasing power. Nobody wants to have in his cash holding a definite number of pieces of money or a definite weight of money; he wants to keep a cash holding of a definite amount of purchasing power. As the operation of the market tends to determine the final state of money's purchasing power at a height at which the supply of and the demand for money coincide, there can never be an excess or a deficiency of money.

- Mises


"Bitcoin is censorship resistant, not censorship immune. By advocating for the U.S. government to adopt bitcoin, we are playing a game of chicken with the largest economic and military force on this planet, and anyone who believes that we’ll come out of this on the winning side may have overstayed their welcome in la-la land.

Bitcoin may be a trojan horse, except it’s not the horse you think it is. Under the correct circumstances, bitcoin is able to function as a great alternative to CBDCs. You go ahead and open up your wallet app, and here comes the stablecoin monster — built on Bitcoin. Isn’t that just great? Fully censorable, fully surveillable freedom money, but at least we pumped our market cap."

https://bitcoinmagazine.com/culture/bitcoin-as-a-cbdc


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_783 - Ordinals Are Fiat, Inscriptions Aren't Rare

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/RRvB5Te4a1P8eXOO3LY6


13 year Wall Street veteran John Haar stops by BCB to explain how big legacy finance players perceive #Bitcoin.

—Lessons from Goldman Sachs
—Reasons to be bullish #BTC
—Saving vs. Investing
— nostr:npub1tftc33ttam85wraffce62cgtvvjrmttquqlv6a0agtfm5nl4vues82xar5 Private
—Trust Experts?

👉 https://fountain.fm/episode/TXIoZkuu515Jg0oeR3xf https://image.nostr.build/9efebeb01b54884539c49faff0938f4ea0d6885195616c727435ee5ae101b93c.jpg


Thank you to all who joined us for our inaugural Socratic Seminar last evening. Your presence, especially during this busy holiday season, is greatly valued and appreciated.


Is the Middle Class Getting Screwed? | The Tom Woods Show

https://fountain.fm/episode/aaF3ls0zk3DHYdSygrMX


Pleb 1: "I can't afford tx fees for my low-value gradual stacking & day to day transactions. Should I leave it on the exchange, use a custodial lightning wallet, cashu, or use liquid?"
Pleb 2: "None of those."
Pleb 1: "Ok cool, what should I do then?"
Pleb 2:
https://m.primal.net/HUTE.jpg
I'll be stoked when there are superior options, but for the time being, this is what we have. Choose the tradeoffs that work for you, aim to get on-chain when economically feasible. If someone gives you a hard time, ask them if they have a better solution that currently exists.


The real damage is done by those millions who want to 'survive.' The honest men who just want to be left in peace. Those who don’t want their little lives disturbed by anything bigger than themselves. Those with no sides and no causes. Those who won’t take measure of their own strength, for fear of antagonizing their own weakness. Those who don’t like to make waves—or enemies. Those for whom freedom, honour, truth, and principles are only literature. Those who live small, mate small, die small. It’s the reductionist approach to life: if you keep it small, you’ll keep it under control. If you don’t make any noise, the bogeyman won’t find you. But it’s all an illusion, because they die too, those people who roll up their spirits into tiny little balls so as to be safe. Safe?! From what? Life is always on the edge of death; narrow streets lead to the same place as wide avenues, and a little candle burns itself out just like a flaming torch does. I choose my own way to burn.

Sophie Scholl


Let it go.

You will not be punished for your anger, you will be punished by your anger.


10 more announcements coming soon. (I'm exaggerating, but not by much.)

nostr:nevent1qqszf5em32lntgwqqdprjj08vx0fvqqfx6sj80h77u33al37h2kvf9sppamhxue69uhkummnw3ezumt0d5pzq7rn8p6hlsjavhxe9yu56hnhz085xcuw35jearw0t3emsd8ts50jqvzqqqqqqyd56j8v


One problem that people face is that they box themselves into narrative corners and echo chambers.

"Not your keys not your coins" is a good one-sentence explainer to tell people to be careful about custodians, especially in such a nascent industry. It's powerful and memorable. Couldn't be said better.

But then some people take that to mean nobody should ever use any custodial service under any circumstances ever. You got $200 in a custodial Lightning app because it's faster and easier than alternatives? You've failed the purity test. You're in a developing country and want to save $100 worth of bitcoin? Better do it on-chain, otherwise it's not yours!

But then some of the same people resist a block size increase to keep the network decentralized (a good thing, imo) and also say that bitcoin will fix the world (I think it can).

But while all reasonable statements on their own, the issue is that statements 1, 2, and 3 don't add up when taken to their extreme.  It has been written about since the time of Nakamoto and Finney on Bitcoin Talk forums that Bitcoin would need to scale in layers.

https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211

So any statement about "Not your keys not your coins" has to be paired with an alternative solution, or a spectrum of alternatives. What if someone can't fit into the one of the only tens of millions of on-chain transactions per month? What if $35 fees is high for the $200 in bitcoin they want to save?

Is holding your bitcoin on an 11-of-15 multisig (Liquid) okay, in exchange for lower fees, faster block times, better privacy, and some additional features? Depending on the amount, I would say yes. It has trade-offs, though, which have to be made clear.

What about a Chaumian mint? What if an app lets a community in South Africa set up a 5-of-9 multisig run by well-known people in the community who would face consequences if they break trust? And the same app can let a smaller community in Guatemala set up a 4-of-7 multisig? And a bigger multi-country 6-of-11 multisig can be set up as well? It's private, interacts with Lightning as seamlessly as Wallet of Satoshi, and can make in-person payments even when the internet is out briefly. Plus, it can be customized via open source add-on modules by the community running the specific mint so that it can also store private data for users, monitor reserves, monitor health of the multisig keys, run applications like Chat GPT payable in bitcoin per usage, run private DMs and group chats, run apps that show you local merchants that accept bitcoin, etc. And what if a user could, within the same app, seamlessly spread their funds out among a handful of different mints that they know pretty well to avoid having all of their eggs in one basket, and then pull into self-custody when above a certain amount?

Maybe there will be more softforks in the future. More flexible scripting to allow more share-ability of UTXOs, for example. But those require consensus, and they tend to come with some trade-offs or code risks, and so they take time.

Bitcoin is an engineering marvel. But it's not magic. It has limitations, and it has a spectrum of solutions for those limitations at any given time. The best solutions solve multiple problems at once: they add scalability, they add speed, they reduce fees, they add privacy, and they add flexibility/programmability all at once, while still being more distributed than trusting some centralized KYC entity.

Bitcoin is peer-to-peer open source money. But it's not infinitely scalable on the base chain. If it were greatly scaled up on the base chain to fit everyone, then only institutions would be able to run nodes and it would be greatly centralized and thus useless. So the solution, known from the start of the Bitcoin Talk forums, is to build additional peer-to-peer open source layers on top of it, allowing for a range of transaction sizes, a range of speeds, a range of privacy, and a range of programmability, all to serve different users' needs, and without compromising the decentralization and security of the base chain. That's the type of statement that needs to be provided along with "not your keys not your coins" for the full context to make sense.


The Difficult Adjustment

Reject apathy, embrace agency.

https://bitcoinmagazine.com/culture/the-difficult-adjustment


AS FEES INCREASE THEY INCENTIVIZE TOOLS THAT USE BLOCK SPACE MORE EFFICIENTLY.

USERS WILL USE THE TOOLS THAT HELP THEM REDUCE FEE BURDEN.

IRON SHARPENS IRON.

https://www.discreetlog.com/high-fees/


𝗦𝘁𝗮𝘆 𝘂𝗽-𝘁𝗼-𝗱𝗮𝘁𝗲 𝗼𝗻 𝘁𝗵𝗲 𝗹𝗮𝘁𝗲𝘀𝘁 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗻𝗲𝘄𝘀 𝘄𝗶𝘁𝗵 𝗦𝗮𝘁𝗼𝘀𝗵𝗶𝗚𝗣𝗧!

SatoshiGPT can curate all the top #Bitcoin headlines for you, so you never miss a thing.

“𝘎𝘪𝘷𝘦 𝘮𝘦 𝘵𝘩𝘦 𝘵𝘰𝘱 3 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘩𝘦𝘢𝘥𝘭𝘪𝘯𝘦𝘴 𝘧𝘰𝘳 𝘵𝘰𝘥𝘢𝘺”
“𝘈𝘯𝘺 𝘯𝘦𝘸𝘴 𝘢𝘣𝘰𝘶𝘵 𝘌𝘭𝘪𝘻𝘢𝘣𝘦𝘵𝘩 𝘞𝘢𝘳𝘳𝘦𝘯’𝘴 𝘣𝘪𝘭𝘭?”
“𝘈𝘯𝘺 𝘶𝘱𝘥𝘢𝘵𝘦𝘴 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘌𝘛𝘍 𝘢𝘱𝘱𝘳𝘰𝘷𝘢𝘭 𝘪𝘯 𝘵𝘩𝘦 𝘯𝘦𝘸𝘴?

The Bitcoin space moves fast! But you can keep up with SatoshiGPT.

A special thanks to nostr:npub1hxjnw53mhghumt590kgd3fmqme8jzwwflyxesmm50nnapmqdzu7swqagw3 and nostr:npub1ya6ds0y0j7yutq6pg2ftzxfvgdzaklls64g75vh0522c7svj7mjs9cug3q for making this possible!🙏

https://m.primal.net/HTxU.mp4


Persistent high fees in Bitcoin serve as a forcing function, accelerating the development and implementation of scaling technologies.


We should all remember that privacy is a fundamental human right. And as long as people exercise and defend these rights the battle for privacy is far from over.

Encryption works. Properly implemented strong crypto systems are one of the few things that you can rely on.

nostr:nevent1qqsxp7dz4mz2t4hh5x5jr4zuwvlz5rny52k3ud7z8cgaxw9pu68834qpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvpsgqqqqqqspte58s


Krugman's Bag of Tricks | The Human Action Podcast

https://fountain.fm/episode/A8fRkBoj7Qipvh0Ukah6


AI Unchained Read_002 - A Coder Considers The Waning Days of the Craft

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/GLT2p2wLA6ZNgcUJTpIB


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_784 - How FinCEN May Be Violating your Rights

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/7O5oh8Dv35e54wKhGHAh

nostr:nevent1qqs9y6xyyvh2s3xkztjm99j2tmxnuctpacpsw83zzxc6t5tq5wpsh0qppemhxue69uhkummn9ekx7mp0qgsg2zqd8wkhpnxu6lm5c2dyfa2mhpwte57apjae2ldp6g2mmwf3ypqrqsqqqqqp2j9mz8


Check out the list of discussion topics for next Tuesday.

https://github.com/MilwaukeeBitcoinMeetup/Milwaukee-Bitcoin-Meetup/issues/1

nostr:nevent1qqspxl7qazxmcay3s7ah8s2gsxqfttv6zwg46vcjmjw87nfsejqh5zcpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszyp06hjl9nr0src84cfxpq7q0aqr45cajywe9f2p0s796gp002cqq7qcyqqqqqqgyxzv3q


Censorship Keeps You Safe, Says Establishment | The Tom Woods Show

https://fountain.fm/episode/6N3doIXS8d8OaOuY2XbF


Today nostr:npub1art8cs66ffvnqns5zs5qa9fwlctmusj5lj38j94lv0ulw0j54wjqhpm0w5 and I explain the new nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze mining pool and its tides system. We also welcome our new sponsor Coinkite!
https://bitcoinexplainedpodcast.com/@nado/episodes/episode-86-ocean-tides-hktbg

Addendum: it looks like they added additional filtering related to inscriptions, beyond the op_return stuff we mention (which inscriptions don't use)


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_781 - The Censorship Industrial Complex, CTIL Files 01

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/CG0oVdoJQdCGtLNgxSqZ


BTC159: Binance, GBTC, FinCEN and More w/ nostr:npub1s9z7pwy96thwt7zvmrlpfnddstezxxphx9rx3m0660sgkwld9eescjnszc & nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
🤙

https://fountain.fm/episode/TZ8naHuj3VBgdcKUOyC5


Whereas in isolation, man produces what he needs, in a social system, man produces based on what he expects others to need. He need not meet the full diversity of all his needs through his own labor and can instead direct his labor to the areas of production in which he can excel most at serving others. By specializing in producing a good for a market, rather than producing for your own consumption, it becomes possible to dedicate labor toward the place where it is most productive, not where it is merely necessary. In a market economy, your needs are best met indirectly, by using your abilities to specialize in what you do best and exchanging it for the goods and services produced by others. Specialization is therefore another way of increasing productivity. Beyond just an increase in productivity, trade leads to social cooperation and civilized behavior, as the benefits of being able to engage with society peacefully in a division of labor are very high.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


The existence and possibilities of exchange open up for producers the avenue of producing for a "market" rather than for themselves. Instead of attempting to maximize his product in isolation by producing goods solely for his own use, each person can now produce goods in anticipation of their exchange value, and exchange these goods for others that are more valuable to him. It is evident that since this opens a new avenue for the utility of goods, it becomes possible for each person to increase his productivity.

- Murray Rothbard


The fundamental facts that brought about cooperation, society, and civilization and transformed the animal man into a human being are the facts that work performed under the division of labor is more productive than isolated work and that man's reason is capable of recognizing this truth.

- Mises


The Most Blunderful Time of the Year! 😉

https://youtu.be/QNi-PnKwQDI


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_076 - Fiat Money's Dark Secret

https://fountain.fm/episode/LNcn3WZoL5m78M1rTF0H


 Currencies and Debt w/ nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

https://fountain.fm/episode/hCtOdOUVwm9WwnBhW5Bb


We have inherited from our forefathers not only a stock of products of various orders of goods which is the source of our material wealth; we have no less inherited ideas and thoughts, theories and technologies to which our thinking owes its productivity.

- Mises


Just a reminder, our first Socratic is in one week!

nostr:nevent1qqspxl7qazxmcay3s7ah8s2gsxqfttv6zwg46vcjmjw87nfsejqh5zcpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqhate0je3hcpur6uynqs0q87sp66vwez8vj54qhc0zayqhh4vqq0qvzqqqqqqyzfjfzj


the case is even stronger than this. it’s not just that they get paid first, it’s that their pay is guaranteed. if everybody were truly sharing risks and rewards, then the company making a loss would have to be clawed back from workers too and they’d effectively have a negative salary.


nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs
https://image.nostr.build/078b6aaa7f70b6a0db408c130c3cd1373faf6284101490b394fe21a91288f951.jpg


The Debt Tsunami with nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscxwzajj4dkvh9mjyqjtxslm6qea8632

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
🤙

https://fountain.fm/episode/9epf37aLzW97TCDPhSw8


US House Intelligence Committee’s Section 702 Reform' Bill Marks The Biggest Expansion of Surveillance in United States Since the Patriot Act

"Through a seemingly innocuous change to the definition of “electronic service communications provider,” the bill vastly expands the universe of U.S. businesses that can be conscripted to aid the government in conducting surveillance."

https://www.nobsbitcoin.com/house-intelligence-committees-section-702-reform-bill-marks-the-biggest-expansion-of-surveillance-in-united-states-since-the-patriot-act/


As long as humans have unmet needs, there will be avenues for directing human labor to meet those needs. No matter how much human productivity increases, human wants can increase further, and human reason can continue to devise better solutions to the problems of scarcity. It can always invent better products, better technologies, and safer production methods and generate new demand. We will never "run out of jobs," because we can always use more humans making more scarce products to meet other humans' ever-increasing wants. Scarcity can never be eliminated, because time is always scarce. Work can never end, and man can only choose which tasks to prioritize. The more tasks he can delegate to machines, the more time he has to perform many of the infinite number of tasks he would like to carry out but cannot because of the scarcity of his time.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


BR056 - Breez, Mutiny, Unleashed.chat, 56 BTC hack, Ocean.xyz + MORE ft. Roy, nostr:npub1u8lnhlw5usp3t9vmpz60ejpyt649z33hu82wc2hpv6m5xdqmuxhs46turz  & nostr:npub1mxrssnzg8y9zjr6a9g6xqwhxfa23xlvmftluakxqatsrp6ez9gjssu0htc

Youtube: https://youtu.be/hxNKbGygImE
Fountain:  https://fountain.fm/show/ErU0F484HhsaEf8GGobb
Notes: https://bitcoin.review
Substack: https://substack.bitcoin.review

👇Roy on latest Breez SDK & bringing LN to people⚡

https://x.com/bitcoinreviewhq/status/1730648183905059327?s=46


When a man values the future output of the production process, discounted for their time preference and uncertainty, at a higher value than the initial investment required, he is likely to invest and build or acquire capital goods. Should the investment succeed, he can use more of the resources to acquire more capital goods, increasing his profits and productivity further. In turn, as the stock of capital and productivity increase over time, he becomes less uncertain about his financial future, and that lowers his time preference further, encouraging more capital accumulation. As more capital is accumulated across society and time preference declines, the price of capital (determined by interest rates) also declines. This process of lowering time preference and increasing investment can be understood as the process of civilization.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


nostr:npub1qex7yjtuucs6ac49kjujdgytrjsphn5a4pdscu2w3qlprym4zsxqfz82qk
https://image.nostr.build/ec01379bdb1eee46b0c7645c87ffbc4747757cfbc0f94dc83761ac0b5dd590d7.jpg


If they wanted to, all workers could refuse to work for wages and instead form their own producers' cooperatives and wait for years for their pay until the products are sold to the consumers; the fact that they do not do so, shows the enormous advantage of the capital investment, wage-paying system as a means of allowing workers to earn money far in advance of the sale of their products. Far from being exploitation of the workers, capital investment and the interest-profit system is an enormous boon to them and to all of society.

Murray Rothbard


Capital is at risk of being rendered obsolete by the invention of newer products and newer methods of production. Through no fault of her own, an entrepreneur may find her entire investment rendered obsolete when a competitor develops a superior product to hers, or a much cheaper way of making a product. Capital accumulation not only requires the sacrifice of the present for the future, but it also requires the sacrifice of the certain for the uncertain. The capitalist is constantly speculating that her investment will yield a positive return in the future, but she could always be wrong.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


For any capital accumulation to occur, individuals must lower their time preference; they must reduce their discounting of the future enough to provide for it at the expense of the present. This point is worth bearing in mind when economic illiterates rail against capital owners for being parasites on the workers. The sacrifice of present consumption by capital owners in exchange for future reward is economically no different from the sacrifice of leisure by workers in exchange for future reward. Had capital owners actually contributed nothing to the production process, then their consumption of the capital good instead of offering it to the workers would make no difference to the workers' productivity. But ask any worker what would happen to their productivity without capital, and the absurdity of hating capital becomes apparent.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


The Treasury is Running Out of Creditors | The Human Action Podcast

https://fountain.fm/episode/4GmPbPvxW4RiFIfdJA0V


‚The Bitcoin network's remarkable adaptability and ability to prioritize transactions within a free market framework highlight its inherent strength.‘

https://bitcoinmagazine.com/markets/defending-the-undefendable-the-censoring-miner


The State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area; in particular, it is the only organization in society that obtains its revenue not by voluntary contribution or payment for services rendered but by coercion.

nostr:nevent1qqstw7a3sk9e3y0475l3ke58hmarm96659dn5amku2gxn3h886w7qugpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gzypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgmfjnck


"There is of course an anti-System which is called Libertarianism, which means to tear down everything which creates some kind of influence of government into private lives."

We've agreed on the game, and now the strategic battle unfolds...

https://video.nostr.build/957f39cbc25080b958cf888a2cd3b9bee43275c00e88672d89a2d68452ea7cb5.mp4


Christmas Cookies! 🎅🎄🍪🥛

https://media.tenor.com/yfphYgy4S1oAAAAM/shang-tsung-it-has-begun.gif


nostr:npub1cj94enk44kn5mvrcma4sp7jnlsgnn4em7rk3dh3jt4fzyqs3m02s560efa
https://image.nostr.build/a71d3c46c8041a1f6be39b363e992bb641e94b5ea85148742d6f7d30698dcc86.jpg


🎯
nostr:nevent1qqsrtlxd338mjq05pn3tpes0nd3mdq9cp2a8mxweg8drzd895j8mwaqpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszyqzvj9w6alhrsvtl5u6ygjkwuwg2sf5lukqskgjpuhnd6dpal0kvjqcyqqqqqqg9pe7z2


Bitcoin: The Gold Standard For A Digital Age

From ZeroHedge

Authored by Michael Matulef via BitcoinMagazine.com, The nature of money is tragically one of the most unexamined and vital questions in modern society. Over the course of history, different monetary systems have risen and fallen as technology progressed and new forms of money emerged that were superior […]

Dec 8th 2023 7:40pm EST

Source Link: https://www.zerohedge.com/crypto/bitcoin-gold-standard-digital-age

Internet Archive Link: https://web.archive.org/web/20231209014138/https://www.zerohedge.com/crypto/bitcoin-gold-standard-digital-age

Share, promote & comment with Nostr: https://dissentwatch.com/boost/?boost_post_id=676649


"What do prostitutes, blackmailers, slumlords, and Bitcoin miners who censor transactions all have in common? ...They are heroes of the free market."

https://bitcoinmagazine.com/markets/defending-the-undefendable-the-censoring-miner


Might need to give Lyn’s book a read soon. She seems to have an excellent explanatory style of writing. I especially like this little bit:

“Bitcoin represents the first significant way to settle scarce value at the speed of light.”

#bitcoin  #BTC #austrians #economics #rothbard #mises #libertarian #news #finance #blockchain #nostr #freedom #breaking #plebchain #pleb #money #new
#anarchocapitalism #liberty #lightning #freemarkets #trading #politics #government #mining #markets

https://bitcoinmagazine.com/markets/bitcoin-the-gold-standard-for-a-digital-age


"What would it seem like if it did seem like a global, digital, sound, open, programmable money was monetizing from absolute zero?"

nostr:nevent1qqswwvtd37d9n4c68hgkszvpks3apj86myf0na9sm0s3sq8vhpyhvkcpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzql9xd4qkdvt02jsks6qerwsuvwr2janzfarrfuufdkdkws9r3r9rqvzqqqqqqyyl3qg4


Bitcoin is built on the principles of free association, and market incentives pushing people into a consensus arising out of that free association between participants. People seem to have forgotten that.

nostr:nevent1qqs0twcug7vsrd2gysu2hyvx4v5f5gxw2prt74ch9yhh4apyzuu6nkspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqh25snyyjea2cwvxe4gj47xum4fyx0gfqxkmhdvjxcq33ppg82s7qvzqqqqqqyjqnmwf


https://media.tenor.com/yPjU35mm-_sAAAAM/perfect-kiss.gif

https://altonbrown.com/recipes/reverse-sear-ribeye-steak/


nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf

https://image.nostr.build/66798614599321f4a8ab3a77bd18dccba7cd92c9daaa38cf9b8e6654130d3e98.jpg


"May you live in interesting times" is an interesting expression, sometimes referred to as a curse.

Many of our best stories, from literature to shows to movies, are about horrible times. They're about conflict, and people overcoming that conflict. And our heroes, both real and fictional, are tied to those times.

And yet as people with lives and families, we don't want to live through those times. We don't want to live through war, oppression, or conflict. We don't want to have to be the ones to stand up and tell some more powerful force to go fuck themselves. We'd rather read about others doing it, and how cool that was when they did.

I continue to view this period of time as "interesting" in the historical sense. The 1990s were probably the best recent time to chill, but it wasn't where history was made. The 2020s and 2030s are not as good for chilling, but from looking back in the future, it's these times where the bulk of the historical content is likely to be focused on.

For some regions, it's outright war that they're dealing with now.

For the majority of other regions, it's instead a cultural war, and an economic war. And it's going to get worse before it gets better. Do we fund those who are at war, and if so, which side? What values do we subscribe to, and who is "we"? How do we determine truth, and with what framework? For breakthrough tech, who gets to control it? Should it be centralized and regulated, or open and accessible?

And more directly it's about stepping up and saying, "It's good for people to be able to own and transfer money without state control and state dilution. And it's good for people to be able to communicate how they want to without the state silencing them. Even when they buy things and say things that I disagree with." That won't be an easy battle.

Someone on Twitter sarcastically asked me today what army defends Bitcoin. My answer was:

"The army of encryption and energy spread around the world.
A shield, not a spear."

The same is true for Nostr, in a slightly different way. The developers and relays, and the people willing to use it and finance it, are what defend it.

Communication and value are the two key components of free commerce. All of those people today who build strong shields for communication and value are living in interesting times and contributing to them in a positive way.

https://m.primal.net/HTCy.jpg


Privacy is not a crime. It's a natural consequence of having self ownership & the right to be left tf alone.

The criminal is the one *violating* that right.


This issue is fundamentally an issue of property rights, specifically the property rights of the individual who is constructing block templates. While many people would construct blocks based purely on financial profit, aiming to maximize fees, it's crucial to note that there are more motivations than this. Moreover, this approach isn't a mandatory consensus requirement within the protocol. An individual may construct a block based on the expected social or psychological profit from their decision. For instance, regarding Inscriptions, one might opt to exclude them from Bitcoin and take steps to censor those transactions from their block template. If enough of the market agrees it could effectively lead to them being deactivated. In a broader sense, someone may act benevolently by crafting a block template that prioritizes low-fee transactions, aiding financially disadvantaged individuals in confirming their transactions on the base layer chain.

nostr:nevent1qqs0twcug7vsrd2gysu2hyvx4v5f5gxw2prt74ch9yhh4apyzuu6nkspzpmhxue69uhkummnw3ezuamfdejsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqsa9h4pw


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_780 - Lightning is Doomed!

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

🤙

https://fountain.fm/episode/FLO6hkNd3hXR8b84A1Fg


What do prostitutes, blackmailers, slumlords, and Bitcoin miners who censor transactions all have in common? What if I told you that they are modern-day heroes of the free market economy, bravely providing their economic services despite facing universal scorn and outlawry?

nostr:nevent1qqs0twcug7vsrd2gysu2hyvx4v5f5gxw2prt74ch9yhh4apyzuu6nkspzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgmqggsj


Here's a very thorough and instructive response--penned by nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz --to the Ocean "censorship" controversy:
https://bitcoinmagazine.com/markets/defending-the-undefendable-the-censoring-miner

nostr:nevent1qqsqvg2d3ve34554fn7xfrjqs30twzqjhlzfykg77jmdenlyyp5mnlcpp4mhxue69uhkummn9ekx7mqzyrqcx8a7yeflwctyggw40kmvacut3nhceenhr0r9cyhc2s77fvum7qcyqqqqqqg05fl4q


**RT @MichaelMatulef:**

Defending The Undefendable: The Censoring Miner

My latest from @BitcoinMagazine (https://nitter.moomoo.me/BitcoinMagazine)

bitcoinmagazine.com/markets/… (https://bitcoinmagazine.com/markets/defending-the-undefendable-the-censoring-miner)

https://nitter.moomoo.me/pic/card_img%2F1733178837452693504%2FEYRD6Xlo%3Fformat%3Dpng%26name%3D800x419

https://nitter.moomoo.me/MichaelMatulef/status/1733179201274925260#m


This was a great read with a great points about the rights of miners to include or exclude transactions using whatever criteria they deem best. Those who disagree, which seems like plenty of folks out there, will simply point their hashrate elsewhere.
nostr:nevent1qqs0twcug7vsrd2gysu2hyvx4v5f5gxw2prt74ch9yhh4apyzuu6nksprpmhxue69uhhyetvv9ujucm4wfex2mn59en8j6f0qgs964yyepyk02krnpkd2y403hxa2fpn6zgp4kamty3kqyvgg2p658srqsqqqqqpc3prm6


Defending The Undefendable: The Censoring Miner

My latest from nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu

https://bitcoinmagazine.com/markets/defending-the-undefendable-the-censoring-miner


The Continuing Mystery of Early 2020 | The Tom Woods Show

https://fountain.fm/episode/BOWILjE6j6lk9zibS7RR


gm, it's time to ask more questions ☀

https://video.nostr.build/dd90852ed88247e22fa7dde703e88c975926584b0d4dab9909ef49d1c5e22f1c.mp4


Self-ownership is the only logically and ethically consistent solution to the problem of human ownership, and it is the only one likely to result in peaceful cooperation rather than violent conflict. Self-ownership means an individual has full claim over his own body and time. Once one accepts the premise of self-ownership, a coherent framework for understanding rights, justice, and non-aggression emerges. This principle extends to what a man may produce as a consequence of these choices, i.e., property. Aggression can be understood as the use or threat of violence to control another person's body or time, and any physical aggression against an individual would be a violation of his right to property of himself.

It is difficult to argue against self-ownership and the system of property rights if one understands property rights as the only workable solution to economic scarcity and subjectively values peace and civilization. Any such argument can be seen as transparently self-serving hypocrisy. Rather than an intelligent argument arising from human reason, this argument is nothing more than an appeal that we return to the mores of subhuman animals controlled entirely by their instincts, unable to employ reason. Arguing against self-ownership is effectively arguing against your own personhood, because it makes it clear you cannot respect property rights and cannot be part of a civilized social order. It is a plea to be considered an animal. Although economic theory does not dictate political ideology, understanding economic scarcity and subjectively valuing peace and civilization will incline a person to adopt a libertarian outlook. There are no alternatives to self- ownership that do not result in propagating conflict and engendering enmity and resentment between individuals and groups.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


There is always the possibility of conflict over contestable (scarce) resources. This is in the very nature of scarce, or rivalrous, resources. By assigning an owner to each resource, the legal or property rights system establishes objective, publicly visible or discernible boundaries or borders that nonowners can avoid.

- Stephan Kinsella


Only because scarcity exists is there even a problem of formulating moral laws; insofar as goods are superabundant ("free" goods), no conflict over the use of goods is possible and no action-coordination is needed. Hence, it follows that any ethic, correctly conceived, must be formulated as a theory of property, i.e., a theory of the assignment of rights of exclusive control over scarce means. Because only then does it become possible to avoid otherwise inescapable and unresolvable conflict.

- Hans-Hermann Hoppe


Even if humans were in an imaginary world where everything a person wishes for materializes in front of them immediately, the economic problem would not be solved, as humans' mortality still forces them to economize their scarce time. The economic problem is solved every instant in which a human reasons about their time and makes a choice, only for a new economic problem to emerge in the next instant and force the same human to make another choice. The only final solution to the economic problem is death, the point at which there are no further choices to be made regarding time allocation.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


https://image.nostr.build/fe1e113c5eb2dc95d8d39ec059e993b78c90a2118cc46dca586de3fc59b4385f.jpg

#meme #memestr #nostrmemes #memes 820,155 🤙💜


AKA a free market


Know Thyself
https://image.nostr.build/20e5e7db0221db2755e7dc8134c547ac4c11327873dd7c4407515984e9799f52.jpg


"What would it seem like if it did seem like a global, digital, sound, open, programmable money was monetizing from absolute zero?”

nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt

nostr:nevent1qqs8uh9u6ch8t03nrffx89f6d9h0g540pzal2h8rz44n8algtgckpgcpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqh25snyyjea2cwvxe4gj47xum4fyx0gfqxkmhdvjxcq33ppg82s7qvzqqqqqqyxade6x


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_779 - A Network of Keys

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/rMZmqOdYeZdvy82oVhBr


Same as it ever was.

Timothy May, on the Four Horsemen of the Infocalypse, 1988:

https://image.nostr.build/52fad243ca37307efda9dbfc9c8f1fc81c3bb5013fc9023aa4348230734f179f.png


nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
https://image.nostr.build/9827d1391690fe38c06fba0b103df03edeed6ef4154447d073c91fda44fbe1da.jpg


The State has taken control of the monetary ledger away from natural law and used that power to facilitate its metastatic growth. Moreover, it has exerted this control as one of its exclusive monopoly privileges. As advocates for free markets, individual property rights, and the right to self-determination nothing is more imperative in our time than separating money from State.

nostr:nevent1qqs8uh9u6ch8t03nrffx89f6d9h0g540pzal2h8rz44n8algtgckpgcpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqh25snyyjea2cwvxe4gj47xum4fyx0gfqxkmhdvjxcq33ppg82s7qvzqqqqqqyxade6x


A whole lot of celebrating going on for whatever reason.

Meanwhile the clamp down on Bitcoin has never been more aggressive in history. Is that what you all are celebrating?

nostr:nevent1qqsfp4972gf8gf4tvwzhnhjxvelpjkcpnnkytfegzck0p40eg8jty9spz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzq0vzarmvcmqfv4zt7vlysadq8atqpt8l0mzx0c2s58x8wykjznwfqvzqqqqqqywn36tu


Thank you nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a for writing Broken Money

https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG83QBJ6


Bitcoin: The Gold Standard For A Digital Age

My latest from nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu

https://bitcoinmagazine.com/markets/bitcoin-the-gold-standard-for-a-digital-age


Bitcoin Mining Decentralisation with nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze - nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr (SLP528)

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/Mbtyzh1vAlvqnPFOlMEI


Systemic Bond Issues & Bitcoin's Impact w/ nostr:npub1cj94enk44kn5mvrcma4sp7jnlsgnn4em7rk3dh3jt4fzyqs3m02s560efa Lavish

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
🤙

https://fountain.fm/episode/9a6pu1HJn4EGTwTC06Pk


👀

nostr:nevent1qqsrq0f3dksrp0s3wjlstr4hsqdenpz3r775gjrkud0qgdr26efzanspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp6xk03p45jjexp8pg9pgp62jalshhep9fl9z0ytt7cle7ul9f2ayqvzqqqqqqyaja45h


What do prostitutes, blackmailers, slumlords, and Bitcoin miners who censor transactions all have in common?


Government Spending Leads To Hyperinflation with nostr:npub1xr4duv928lxxkl8ease7elutw77zmagph387az2fcg5clr2e43zq6sf6z3

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/6PZnskW2sRnOkztfAEO0


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_778 - Durabit, Incentivizing Torrent Seeders ( nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/oMVIrl5o6n3hpghWyFiM


nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp
https://image.nostr.build/ec6d713ff6358e6ff0283a3807908a7543a51431b4a95d45da7644e0d5501268.jpg


You stand in the midst of the greatest achievements of the greatest productive civilization, and you wonder why it’s crumbling around you.

Fix the money. Fix the world.


Erik Casan @erikcason brings the PASSION this week on Blue Collar Bitcoin.

⇒Journey from Socialism to Anarchy
⇒ #Crypto camouflage for #Bitcoin
⇒Anarchy is NOT what u think
⇒Satoshi’s Legacy
⇒Badass farmers
⇒Erik's Militia

https://fountain.fm/episode/rpqUNoOyMnrKZi8rs71T https://image.nostr.build/29db3455a52f530b9e7fc582224196e3011c78c42e2145ad368d223969238cd0.jpg


Understanding Money Mechanics with Bob Murphy (WIM397)

https://fountain.fm/episode/uzUsa5csQ5IhH1QXdUEa


There is no opting out of economics and economic choice except through death. You may not like specific institutions such as private property or labor, but choosing to not engage in them simply excludes you from larger, more productive circles of economic activity. If you are alive and you strive to remain alive, you are bound to seek to survive through the tools of economizing action. Everyone engages in economizing acts every day of their lives without having to learn economics. But learning economics can help the mind consciously understand the importance of acts in which it engages, and how complex structures and institutions emerge from them. While learning economics is not necessary for economizing, which is a natural function of our reason, it is necessary for the fostering and survival of an extended market order in which humans are able to economize freely, cooperate with one another, and prosper. Individuals are capable of engaging in market transactions but can lose sight of their importance, resulting in political structures that suppress this type of economic action, with devastating consequences.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


The Ultimate Resource.

nostr:nevent1qqsvjvnkphgcr95wexma7akgzxckw4pqc3x45auradtxq3cs05ace4qpz9mhxue69uhkummnw3ezuamfdejj7q3qt42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qxpqqqqqqznufarh


The economizing of time is the ultimate economizing act, from which all economic decisions flow.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Man is subject to the passing of time. He comes into existence, grows, becomes old, and passes away. His time is scarce. He must economize it as he economizes other scarce factors. The economization of time has a peculiar character because of the uniqueness and irreversibility of the temporal order.

- Mises


Since the value of goods is derived from their ability to provide us with satisfaction, and since different satisfactions have unequal value to us, the value of different units of the same good will also be unequal, as it depends on the satisfactions they meet. The same good will have a different value to the same person depending on what need of his it meets at a given point in time.

Individuals use the first unit of a good to meet the most important and pressing needs related to it. They will use the second unit to meet the second most pressing need. As the quantity of the good they own increases, the needs that are met are less valuable and less pressing. In other words, identical goods will have different values for individuals, because the utility derived from them is not identical. The first units are the most valuable, and as the number of units consumed increases, each marginal unit is less valuable than the previous one.

Menger thus illustrated that the valuation we place on goods is not dependent on their total or overall utility and that their utility is not something inherent to these goods in the abstract, regardless of their quantities. Rather, the importance that we attach to goods is inextricably dependent on the quantity of those goods, and their quantity in relation to the existing supply of the good we have at our disposal. Humans make decisions based not on the total or abstract utility of an object but on the utility offered by distinct quantities of the good and their ability to satisfy our distinct needs.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


21 Ways in 2024???

https://21-ways.com/


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q - Reboot - Bitcoin is Digital Scarcity by nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/Z9if5Ud1AiMvfYeESdpD


The Interest Rate Shock Will Blow Up the Government’s Ponzi Game

"Moreover, it should also be borne in mind that the powerful “fiat money system”—the collusion of states, banks, major institutional investors, and large companies—will not be so easy to upset. Should the rise in interest rates become too strong from a political point of view, yet another deep dive into the bag of tricks can be expected. Central banks, for example, will start buying government bonds again, thereby fixing long-term and short-term interest rates at “reasonable” levels. Of course, all of these monetary policy tricks basically amount to one thing: paying off the outstanding bills with newly created money—or in other words, inflation policy.

That is the big lesson that can be drawn from the interest rate shock resulting from the Ponzi scheme in the debt markets: the systematic decline in the purchasing power of money, even if short-term relief is granted, is almost certain."

https://mises.org/wire/interest-rate-shock-will-blow-governments-ponzi-game

https://fountain.fm/episode/hJgrDjg3ftnUc3Bm5HnP


I love 🍪

- Earl grey lemon shortbread
- Lavender chocolate chip
- Toasted pecan butterscotch oatmeal
- Matcha white chocolate

#bake
#cookie
#food

https://image.nostr.build/5d4e076ac9bc3f82522811ec9d77e38f9e57f0907bc1ddd04ef2a386e2e38ccb.jpg


I thought he was a maxi now? 🤣


The arrogance to suggest that you own yourself.


Bum, bum, bum, bum


Man is nothing else but what he makes of himself

nostr:nevent1qqsgfreqafkyv93w02zu9a277t6l20qh4m4guxdmq96nc5ava58fw4qpzpmhxue69uhkummnw3ezuamfdejsygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvpsgqqqqqqsm0qt3q


You heard it here first, nostr:npub1art8cs66ffvnqns5zs5qa9fwlctmusj5lj38j94lv0ulw0j54wjqhpm0w5  and I just dropped episode 85! It covers Bitcoin Core v26 as well as the recent OFAC situation.
https://spotifyanchor-web.app.link/e/fgiPyBKpXEb


Liberty: Stifled by the Stockholm Syndrome

"Most people don’t have the stomach for an armed revolution unless their government starts shooting at them first. For those conditioned never to pick up a gun, this means surrender.

Fortunately, governments don’t want to obliterate all their constituents: they need their productivity, at least until artificial intelligence gets more viable. Even at their final stage of desperation, which involves forced everything—central bank digital currencies, a bug diet, fifteen-minute cities, perversity as a norm—governments are still finding support. Why?

Welcome to the Stockholm syndrome. People have become psychologically dependent on their rulers, no matter the cost. The alternative is said to be anarchy, and people believe it is a nonsolution, the breakdown of civilization, often seen in war zones—check some recent headlines.

The good and bad news is the government structure that pervades the world—rule by force—is not one that will last. It’s a structure based on theft and debt, and it will eventually collapse.

And that eventuality is imminent. What will happen then?

Most people must make an honest living and are used to solving a full range of problems within a system of voluntary exchange. This is what people must count on—their own ingenuity and their willingness to take responsibility for their actions and work with others, within the framework of a property-rights society. There is no product or service the market can’t provide as long as it’s allowed to do so."

https://mises.org/wire/liberty-stifled-stockholm-syndrome

https://fountain.fm/episode/0B3mkAPZGoXWeShWObun


Opt out with #Bitcoin

https://video.nostr.build/0c2ea21e745d87d3956d3017cdba4f07eda10f4a9ececddaaa2744edba1b7bed.mp4


Humanity may one day view the state's control over money as a stain on history, having enabled violations of rights and abuses of power. More significantly, the very concept of the State will be seen for the modern superstition it is. As people realize that governance can be achieved without coercion, through voluntary cooperation, they may relegate this relic of primitive thinking - the State itself - to obsolescence.


🎄🎅
https://image.nostr.build/42f776e1f3737a0f947724e09f792502c31fdbd52ff652c6b1c5d436ae555789.jpg


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take 075 - A Global Monetary Rebellion

🤙

https://fountain.fm/episode/Y74CVpMLSQtClbM13LRk


Milei's Argentine Revolution? With nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk

nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
🤙

https://fountain.fm/episode/8i67WR7CenprjoveOuNO


Value does not exist outside the consciousness of men

- Carl Menger


I don't inherently oppose miners exercising censorship, I simply advocate for free markets. It boils down to respecting property rights, much like many other things. If a miner willingly chooses to censor specific transactions, it's within their rights, and the free market will determine their profitability. Just as individuals can choose whom to invite into their homes or sell goods/services to, miners should have that same autonomy. My concern arises when the government intervenes and forces miners to behave in ways they wouldn't choose voluntarily.


nostr:npub1kvgw6zj55uwvlz5rdqpjm5a5hqah4j3ggza3pfx4umh5k6j00yaqt6v0p2
https://image.nostr.build/bc2e0b7623a0e288d9361bd0b47795a923eb385df18c57876ff78c556c77651b.jpg


Don't forget manufacturing consent by utilizing crisis events. Each successive crisis creates opportunities for governments to consolidate their powers, often under the guise of protecting its citizens. However, this accretion of authority comes at a profound cost: the gradual relinquishment of fundamental rights and freedoms.

https://mises.org/wire/beyond-crisis-ratchet-effect-and-erosion-liberty


What if, rather than outright banning Bitcoin, the State could neutralize its disruptive properties by integrating and endorsing it? What if the government could harness Bitcoin's "Number Go Up" (NGU) technology to enforce its objectives and undermine the very ethos that defines Bitcoin today?

nostr:note1z56r23mwel3ng35s5es0uvxdrnkk0990gre7q68dm97e8eaqrqhq85yjdw


Let's get Socratic!

Come check out our inaugural Socratic Seminar at Transfer Pizzeria on Tuesday, December 19th.

https://www.meetup.com/milwaukee-bitcoin-meetup/events/297677445/


The state is an institution of theft writ large, designed to enrich the ruling class at the expense of the productive individuals within society.

nostr:nevent1qqsvv6v0j0hvwx8wyselw0rjj7zjgwjafnudtlly7szmmxr9npwsskcpremhxue69uhhyetvv9ujucnfw33k76twv96kg6tzd3jjucm0d5pzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qvzqqqqqqy3k6r4z


Economics, as a field, is the study of human choices under scarcity. It focuses on analyzing how humans attempt to find solutions to the problem of disparity between what they have and what they want and the consequences of their choices.

As scarcity is a permanent condition of existence, humans are constantly making choices between different courses of action, different goods, and different needs to satisfy. The need to make these choices forces us to juxtapose the utility we derive from different goods against each other, so we are able to make informed choices.

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Value is thus nothing inherent in goods, no property of them, nor an independent thing existing by itself. It is a judgment economizing men make about the importance of the goods at their disposal for the maintenance of their lives and well-being. Hence value does not exist outside the consciousness of men.

-Carl Menger


After a century of aping physics and abandoning classical methodological foundations, economics has failed to produce one quantitative law or formula that can be independently tested and replicated. Macroeconomic equations come and go with the fashions of modern schools of thought, but none of them has been measured objectively and replicated in a way that can allow it to be called a scientific law. That macroeconomics empowers central governments and enriches academics may help explain why it has endured.

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Toward an Anthropological Theory of Money with nostr:npub1kvgw6zj55uwvlz5rdqpjm5a5hqah4j3ggza3pfx4umh5k6j00yaqt6v0p2  (WIM394)

https://fountain.fm/episode/WaKxMkkhLPFy6gYIjoUL


Thanks again nostr:npub1f5pre6wl6ad87vr4hr5wppqq30sh58m4p33mthnjreh03qadcajs7gwt3z for coming last night to talk about the intersection of #Bitcoin and Permaculture 🤝


Hello Nostr! Cream City is finally here 🤙


Think of it this way - the state may be able to overpower me and restrict my liberty. A mugger may be able to overpower me and steal my wallet. But neither the state nor the mugger can assume legitimate ownership over me. My self-ownership is intrinsic, inalienable and indivisible.


Replicable experimentation on economic questions is also impossible. The objects of study of the natural sciences are the structure and behavior of the physical world. It is assumed at the outset that these are regular, that their properties can be isolated and observed by repeatable experimentation, and that they can be appropriately and fully modeled with mathematics. It is fundamental to the intellectual enterprise that the sole and entire purpose of this methodology is to rigorously pin down causation. In the physical world, what causes what else? Why do things happen exactly and only the way they do? But the objects of study of the social sciences are the ideas and actions of humans, which are immeasurable and non-quantifiable. Experimentation with ill-defined units of irregular phenomena cannot yield comparable and reproducible results, and so experimentation will fail to produce quantitative laws because there are no units in which these laws can be expressed. Without measurement and repeatable experimentation, it is not possible to find regularities, derive constants, and formulate mathematical relationships and scientific laws. Accurate experiments in economics are also not possible because the subject of economics is the action of humans in the real world, and conditions in testing laboratories cannot replicate the real-world consequences of economic decisions. The real world is the only laboratory that can approximate the real conditions shaping economic decision-making, but it is impossible to experiment on the real world using scientific methods such as those employed in the natural sciences.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Man is not a being who cannot help yielding to the impulse that most urgently asks for satisfaction. Man is a being capable of subduing his instincts, emotions, and impulses; he can rationalize his behavior. He renounces the satisfaction of a burning impulse in order to satisfy other desires. He is not a puppet of his appetites. A man does not ravish every female that stirs his senses; he does not devour every piece of food that entices him; he does not knock down every fellow he would like to kill. He arranges his wishes and desires into a scale, he chooses; in short, he acts. What distinguishes man from beasts is precisely that he adjusts his behavior deliberatively. Man is the being that has inhibitions, that can master his impulses and desires, that has the power to suppress instinctive desires and impulses

Mises


Action is will put into operation and transformed into an agency, is aiming at ends and goals, is the ego's meaningful response to stimuli and to the conditions of its environment, is a person's conscious adjustment to the state of the universe that determines his life.

Mises