The perennial desire to "eliminate the middleman" is perennially thwarted by economic reality. The range of human knowledge and expertise is limited for any given person or for any manageably-sized collection of administrators. Only a certain number of links in the great chain of production and distribution can be mastered and operated efficiently by the same set of people. Beyond some point, there are other people with different skills and experience who can perform the next step in the sequence more cheaply or more effectively -- and, therefore, at that point it pays a firm to sell its output to some other businesses that can carry on the next part of the operation more efficiently. That is because goods tend to flow to their most valued uses in a free market, and goods are more valuable to those who can handle them more efficiently at a given stage.

Thomas Sowell


"The recognition of the insuperable limits to his knowledge ought indeed to teach the student of society a lesson of humility which should guard him against becoming an accomplice in men’s fatal striving to control society..."

— F. A. Hayek


"Horrifying, disturbing precedent being set here that a black-box chain surveillance software can determine if you live life as a free man or a convict." nostr:npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5g

nostr:nevent1qqsthdw3ndrgnht2z6xthple2etms5cye896ghearkt5l3rr73t5njspz4mhxue69uhhyetvv9ujuer9v4a8jtnfduhsyg9e55m4ywa69lx6aptajrv2wcx7fusnnj0epkvx7aruulgwcrgh85psgqqqqqqs7talx4


Degrowth: How to Make the World Poorer, Polluted and Miserable

https://youtu.be/X8ttoRlV6QA


😅
https://video.nostr.build/350b5ee2f6100daed145057e70e1ad33f04d08415f5bf417f0ec30ddbf1c9d6e.mp4


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_806 - A Measure of Sacrifice, Part 1

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/xfjQYxJAQPXQGbb0ztTi


 nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf was the first guest ever on TFTC. It’s crazy to think how far bitcoin has come since we first sat down at Barstool Sports HQ 2 in late 2017.

Yesterday we caught up to discuss AI, power grids, mining and Elizabeths Warren’s toothless attacks on the industry.

https://www.youtube.com/watch?v=sAWTYuTgrPY


I'm not sure there is one.


https://media.tenor.com/Hn4RPDx7TtYAAAAM/joker-the-dark-knight.gif
https://image.nostr.build/e2e0defd7ea48c55010b1f8b983892ef73c74fe1bf90725d4fcb4f300a5c259e.jpg


The next phase of Bitcoin adoption will be evident when bitcoiners shift their focus from advocating for self-custody to explaining why you need to trust a custodian.

 nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8
https://m.primal.net/HjIN.png


Good Morning ☕

nostr:note13s3d9kt3ed4k7849y3udrc9p4xgp86mrf7myxnqhce6ptx53n0jqmutdf0


Hold on, if love is the answer, you're home

https://open.spotify.com/track/3hFObHqnsUQ2PCA2UpVFu8


How crispy did you make it?


vedi le cose come sono e non come vorresti che fossero

nostr:nevent1qqsxvmplgw09q24cu6v7kwuvsfz7pws507urhxx77xan7mjxwv850jqppemhxue69uhkummn9ekx7mp0qgs2jpq4eckty637kyljkm72js3qqcwsca6va3v4vax247zvvm4l9vsrqsqqqqqp0xcqha


Another Reason Why Individual Freedom Is So Much Better than Central Planning

"You will never be able to forcefully plan behavior in a way that maximizes rational collective action. An infringement of agency prevents the development of an individual’s character and capabilities, leading to an unconscious and weakened collective. The more freedom people must seek out through information and making their own choices, the better we can adapt to the fundamental uncertainty of life. This uncertainty requires a differentiated, antifragile approach, something a central planner would not even have the theoretical ability to do, due to their lack of distributed knowledge."

https://mises.org/mises-wire/another-reason-why-individual-freedom-so-much-better-central-planning

https://open.spotify.com/episode/08TOQ1jdOZQ0s5nUFoo9GV


The state of the Bitcoin community in a bull market is such an embarrassment. Principles, and freedom tech all thrown out so that we can simp for the statists and their corrupt financial instruments, all for a few extra digits.

Do better


nostr:npub1v6qjdzkwgaydgxjvlnq7vsqxlwf4h0p4j7pt8ktprajd28r82tvs54nzyr
https://image.nostr.build/181e1d6991396ec506c1d82106fd4b379a5d3a8fe80becbe5be3f473c417559a.jpg


The Fed's Milkshake Brings All the Foreigners to the Yard

https://open.spotify.com/episode/1otgQP5NYdUImNfmXq8WtU


The real Bitcoin bull run doesn't start until nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc publishes 21 Ways.


Thank you Akira Toriyama ✌

https://media.tenor.com/MS2GSZ1R2tMAAAAM/gohan-son.gif


The most valuable economic role of prices is in conveying information about an underlying reality -- while at the same time providing incentives to respond to that reality. Prices, in a sense, can summarize the end results of a complex reality in a simple number.

Thomas Sowell


Great article, I have shared it far and wide.

nostr:nevent1qqs8ntqn2xpd2kfx3hkxdamdjtycm0gynv2fpyndtexxepu9acld09qpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqh25snyyjea2cwvxe4gj47xum4fyx0gfqxkmhdvjxcq33ppg82s7qvzqqqqqqyla9357


These trying times test the spirit of libertarians. With each ominous headline, the light of liberty seems to dim. Yet we must not lose faith that dawn follows even the darkest night. As Max Planck recognized, old paradigms perish not through persuasion but attrition. True change emerges generationally. The ideologies dominating today will inevitably yield to new “radical” worldviews as their adherents pass on. It is among the disaffected youth, not the established old guard, that the seeds of liberty will find fertile soil. The ground beneath our feet harbors great potential, if we have the wisdom to nurture it.

Rather than battering hardened perspectives, libertarians must engage patiently with coming generations, who face the burdens of our centralized dystopia daily. Their circumstances prime them to seek empowering alternatives that we can thoughtfully cultivate. The decrepit gatekeepers of the status quo lack credibility with today’s youth. Decentralized information and encryption help these digital natives see through narratives and think freely. As the state’s facade cracks, they will build new structures founded upon individual liberty.

The transition may span generations. But if we light the way, leveraging these pivotal historic opportunities, the youth can author a new chapter. One where coercive collectivism finally yields to individual autonomy, respect for property rights, and free and open markets. Have hope. The future is uncharted territory, ours to cultivate. Plant seeds of liberty among those seeking change. Help them envision freedom’s promise, even if we may never fully taste its fruits. We must find solace in knowing our efforts today will yield a harvest of prosperity for generations to come. It is a profound privilege to till the soil so our children may flourish. The seeds we sow now will reap liberation.

nostr:nevent1qqsv4837j0pevjtgasx0qexw58vtpv435qwspell04pynd4zs8arz9cpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqh25snyyjea2cwvxe4gj47xum4fyx0gfqxkmhdvjxcq33ppg82s7qvzqqqqqqyv2vrpc


While systemic causation in a free market is in one sense impersonal, in the sense that its outcomes are not specifically predetermined by any given person, "the market" is ultimately a way by which many people's individual personal desires are reconciled with those of other people. Too often a false contrast is made between the impersonal marketplace and the supposedly compassionate policies of various government programs. But both systems face the same scarcity of resources and both systems make choices within the constraints of that scarcity. The difference is that one system involves each individual making choices for himself or herself, while the other system involves a small number of people making choices for millions of others.

The mechanisms of the market are impersonal but the choices made by individuals are as personal as choices made anywhere else. It may be fashionable for journalists to refer to "the whim of the marketplace," as if that were something different from the desires of people, just as it was once fashionable to advocate "production for use, rather than profit"-- as if profits could be made by producing things that people cannot use or do not want to use. The real contrast is between choices made by individuals for themselves and choices made for them by others who presume to define what these individuals "really" need.

Thomas Sowell


Encryption offers individuals a lifeline of liberty amidst states seeking domination through information control. By securing communications and transactions, encryption allows the free exchange of information beyond the watchful eye of surveillance. Diverse perspectives flourish, unchecked by censorship and unimpeded by monitoring.

This proliferation of encryption eats away at the state’s monopoly over narratives and discourse. Empowered citizens can probe truth without fear, evaluate arguments on their merits, and draw independent conclusions. The decentralization of knowledge denies authorities their long-held power to shape consensus through monopolizing information.

When speech flows freely, uninhibited by prying eyes or coercive agendas, a pluralism of thought emerges organically. Censorship yields to critical thinking, dogma gives way to nuance. By shielding private communication through impenetrable cryptography, we secure not just individual liberty but the foundations of a free society. The truth shall not perish under the boot of surveillance states. Encryption will preserve open inquiry long after the authoritarian impulse has collapsed into the dustbin of history.

nostr:nevent1qqsv4837j0pevjtgasx0qexw58vtpv435qwspell04pynd4zs8arz9cpz4mhxue69uhhyetvv9ujuer9v4a8jtnfduhsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqshtz4l0


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's  Take_081 - Fiat Materialism

https://fountain.fm/episode/kAvUVbFWGu1MFmsv4U7B


You cannot reason people out of something they were not reasoned into.


"The intellectual and media elite, long complicit in reinforcing state-sanctioned narratives, face a reckoning in today’s digital information landscape. Their increasingly heavy-handed efforts to shape public discourse ring hollow as their credibility wanes under the weight of their own propaganda. While these gatekeepers of old warn about the dangers of “disinformation,” they find themselves stranded by the tides of technological innovation."

nostr:nevent1qqsv4837j0pevjtgasx0qexw58vtpv435qwspell04pynd4zs8arz9cpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gzypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgskxcgp


Although the basic principles of economics are not really complicated, the very ease with which they can be learned also makes them easy to dismiss as "simplistic" by those who do not want to accept analyses which contradict some of their cherished beliefs. Evasions of the obvious are often far more complicated than the plain facts. Nor is it automatically true that complex effects must have complex causes. The ramifications of something very simple can become enormously complex. For example, the simple fact that the earth is tilted on its axis causes innumerable very complex reactions in plants, animals, and people, as well as in such non-living things as ocean currents, weather changes and changes in the length of night and day.

Thomas Sowell


Many of the basic principles of economics may seem obvious but the implications to be drawn from them are not -- and it is the implications that matter. Someone once pointed out that Newton was not the first man who saw an apple fall. His fame was based on his being the first to understand its implications.

Thomas Sowell


This is great read. We are going to win. nostr:note1e20ray7rjeyk3mqv7pjvagwckzetrgqaqrnl7l2zfxm29q06xytsd6hm2c


"Rather than futilely attempting to sway ossified convictions through traditional means, perhaps the crux lies in cultivating relationships with younger cohorts who shoulder the burdens of intergenerational debt and systemic failures. It is among these individuals of tomorrow, burdened yet brimming with potential, that the seeds of liberty may find fertile ground for growth and eventual fruition."

nostr:nevent1qqsv4837j0pevjtgasx0qexw58vtpv435qwspell04pynd4zs8arz9cpz4mhxue69uhhyetvv9ujuer9v4a8jtnfduhsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqshtz4l0


The Ground Is Fertile For The Seeds Of Liberty

My first publication with LewRockwell

 https://www.lewrockwell.com/2024/03/no_author/the-ground-is-fertile-for-the-seeds-of-liberty/


We live in a nightmare of falsehoods, and there are few who are sufficiently awake and aware to see things as they are.

Our first duty is to clear away the illusions and recover a sense of reality.

- Nicolas Berdyaev


Macro Outlook Q1 2024 w/ nostr:npub1tccnjexzau3x5ea8c69v047nqfy3xm4w4yl9j788sts0usl87nhsvce6fh

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
🤙

https://fountain.fm/episode/EAZlaESyS3jv2c5Oc1pL


Capitalism without anarchy isn't capitalism - it's statism

https://image.nostr.build/172f820574e1bc4c9fabac96227a70da11cf613f36b10452513eb7ffc5638ebc.jpg


Do you consider spontaneous order a form of organizing?


Decreasing voter turnout can be seen as a positive indicator of decentralization, reflecting a shift towards more localized decision-making and grassroots empowerment.

https://image.nostr.build/98384759d72630fa1076f1430fc15d9a15437991af1e290dd14627c7c239cd29.jpg


Six Questions for Socialist

https://fountain.fm/episode/ewhTLKLl1NkyBOFWI0bD


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_805 - Dear Crypto & Fiat Bros ( nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/R1uXzVSv7oWQtv7QE4bB


This encapsulates everything.

https://image.nostr.build/2ad39dcd7d83d579fe0a7a661fa28d7e46b586d891a288576e09877ce75be153.jpg


Who else is on amethyst?

I want to edit your notes.


Time to Abandon the S.S. United States? ( nostr:npub1wgjh30uxvvepumxhl3qlfzmt4chueprxmcvrxyw0wjtv9m4w8zwq3se082 )

https://fountain.fm/episode/ZwBJ4I4sT3jJgvvuewz5


Jeff Deist: How Inflation Corrupts Peoples and Cultures

https://fountain.fm/episode/YGNdg5cI630hfaC1GPWz


Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.

- Thomas Sowell


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_804 - The Past, Presernt, & Future of Ofline Payments ( nostr:npub1ey6qdmvzcgcsr883m9nspzz0mm037l26xtardzcskfsvc6gc7jssm9szvp )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/xpvpvqmwgPa0cx30iCjV


Central planners are often blinded by their own hubris, believing they can control complex systems better than the decentralized wisdom of markets.


By embracing our natural differences and celebrating the unique qualities that define each of us, we create the ideal environment for specialization and the division of labor to thrive. In turn, this unlocks endless possibilities for our shared prosperity.


This is The Way

nostr:nevent1qqs975rdlcgatl47tdqnad5pqhh6jqlhw4muaq286yd7mfuukrj6wlcpz4mhxue69uhhyetvv9ujuer9v4a8jtnfduhsygqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveypsgqqqqqqsyzw9rt


The concept of self-ownership - the principle that each person owns himself, his body, and his mind - is the starting point for the entire libertarian system of thought. It is the axiom from which all other libertarian conclusions logically derive.
https://image.nostr.build/72986168888eab04f56b58f007e205ec4919770ff3e1cdab39f409cedca4f9ba.jpg


All I ever had
https://open.spotify.com/track/3Y2oDDKdrIIvf4NiU8Ioxa


Okay, holy shit I've been doing life wrong all this time.

Results were AMAZING!! Best steak I've ever cooked. By far.

Props to nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz and nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde for scolding me / coaching me to do better.

https://i.nostr.build/Zrll.jpg

The better quality (thicker, fresher) steak plus the reverse-sear technique made for a killer upgrade combo (duh! But still... wow).

I had been buying prepackaged 1" steaks and freezing them. This time it was a ~1.5" thick ribeye directly from the meat counter (but tradeoff: those aren't grass fed).

Previous attempts were all on just cast iron or backyard grill. First time reverse-searing. 200° to an internal temp target of 120°.

Had not incorporated finishing with butter much before, first time using thyme. Garlic in there, too.

My steaks had been fairly dry (even when not overcooked), unpleasantly tough, and mostly weirdly flavorless. This one was incredibly juicy, tender, so much flavor!

The difference was like spending $6 at Denny's vs $80 at a steakhouse. NO JOKE.

I have one prepackaged 1" steak left in the freezer; will try reverse-searing it and see how much the cooking technique alone can improve upon my prior results. I expect disappointment, but worth running the experiment!
nostr:nevent1qqs8pljvzlh8x8p8cus9tg6sng8f9vsxelcqxymuzmuuk65qexe3sqczypdsardxlha6vccrs6gtxlfpdkp5tf3rese7zyd06rmn3mthj279gqcyqqqqqqgwlfglg


If the power of government rests on the widespread acceptance of false indeed absurd and foolish ideas, then the only genuine protection is the systematic attack of these ideas and the propagation and proliferation of true ones.

- Hans-Hermann Hoppe


The Future of Bitcoin Banking with nostr:npub1m7fjc8z7t00jzrgkfm4kzvnv4chf04rq9ykpke0rpe0ke2kud24qmg0l4p Yakes

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/W61PZf3GoRBXC2ceMbu3


🤣☯

https://youtu.be/WB27bqr7kJQ


Do you have the patience to wait until your mud settles and the water is clear?


This is the Way


There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.

- Soren Kierkegaard


🤝

https://image.nostr.build/d93f8bd23c11d3cb3eb74f07d2ab179087b01c3590bf53d6fd6d699f8a788dcf.jpg


The real cost of the State is the prosperity we do not see, the jobs that don’t exist, the technologies to which we do not have access, the businesses that do not come into existence, and the bright future that is stolen from us.

The State has looted us just as surely as a robber who enters our home at night and steals all that we love.

- Frederic Bastiat


Does Libertarianism Require Support for Open Borders?

https://fountain.fm/episode/7spenQfaRRjFUaezJ9pj


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Chat_093 - P2P Payments for the World with nostr:npub1ey6qdmvzcgcsr883m9nspzz0mm037l26xtardzcskfsvc6gc7jssm9szvp Sheinfeld

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/I5HKztI5HTNVW0vTPsEe


In Bitcoin, Explained 90, nostr:npub1s6z7hmmx2vud66f3utxd70qem8cwtggx0jgc7gh8pqwz2k8cltuqrdwk4c,
nostr:npub18hwpk5qep3ptnmzatq22ptwr9mth7ccrku56rdntwpxjxlkfyr2qrav8du and I explain asynchronous Lightning payments.

👂👇

https://bitcoinexplainedpodcast.com/@nado/episodes/episode-90-asynchronous-lightning-payments-31owp


Basic Economics

https://www.amazon.com/Basic-Economics-Thomas-Sowell/dp/0465060730


The crucial role of prices is in tying together a vast network of economic activities among people too widely scattered to all know each other. However much we may think of ourselves as independent individuals, we are all dependent on other people for our very lives, as well as being dependent on innumerable strangers who produce the amenities of life. Few of us could grow the food we need to live, much less build a place to live in, or produce such things as computers or automobiles. Other people have to be induced to create all these things for us, and economic incentives are crucial for that purpose. As Will Rogers once said, "We couldn't live a day without depending on everybody." Prices make that dependence viable by linking their interests with ours.

Thomas Sowell


At this point, people panic and exchange currency for real assets before rapid devaluation consumes their savings. As the crack-up boom picks up steam, the demand for money plummets while prices of real goods skyrocket, leading to hyperinflation. This psychological shift marks the event horizon where monetary policy is rendered impotent. Mises describes the nature of this crisis:

"This phenomenon was, in the great European inflations of the ’20s, called flight into real goods (Flucht in die Sachwerte) or crack-up boom (Katastrophenhausse). The mathematical economists are at a loss to comprehend the causal relation between the increase in the quantity of money and what they call “velocity of circulation.”

The characteristic mark of the phenomenon is that the increase in the quantity of money causes a fall in the demand for money. The tendency toward a fall in purchasing power as generated by the increased supply of money is intensified by the general propensity to restrict cash holdings which it brings about. Eventually a point is reached where the prices at which people would be prepared to part with “real” goods discount to such an extent the expected progress in the fall of purchasing power that nobody has a sufficient amount of cash at hand to pay them.

The monetary system breaks down; all transactions in the money concerned cease; a panic makes its purchasing power vanish altogether. People return either to barter or to the use of another kind of money."

The crack-up brings the unsustainable, debt-fueled boom to a catastrophic end. Personal savings are wiped out along with the monetary system’s credibility. Society becomes less stable as the populace loses faith in institutions and scrambles for resources. The economy finds its ultimate bottom not in recession but in the total decay of the currency itself.

nostr:npub1tccnjexzau3x5ea8c69v047nqfy3xm4w4yl9j788sts0usl87nhsvce6fh
https://image.nostr.build/659966e7155c23b653b5ad4fbab3296e804524e15d6dea98dcb5a94ec0557426.jpg


They'll Never Pay Down the National Debt

https://fountain.fm/episode/RU1oHpZmYh2LnRjoNXpY


EIA Attack on Bitcoin Miners | Brian Morgenstern

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk 🤙

https://fountain.fm/episode/STiWnZVPIzXsNrc8TQKF


From the standpoint of society as a whole, the "cost" of anything is the value that it has in alternative uses.

Thomas Sowell


Although a free market economic system is sometimes called a profit system, it is in reality a profit-and-loss system - and the losses are equally important for the efficiency of the economy, because losses tell producers what to stop doing - what to stop producing, where to stop putting resources, what to stop investing in. Losses force the producers to stop producing what consumers don't want. Without really knowing why consumers like one set of features rather than another, producers automatically produce more of what earns a profit and less of what is losing money. That amounts to producing what the consumers want and stopping the production of what they don't want. Although the producers are only looking out for themselves and their companies' bottom line, nevertheless from the standpoint of the economy as a whole the society is using its scarce resources more efficiently because decisions are guided by prices.

Thomas Sowell


The fact that no given individual or set of individuals controls or coordinates all the innumerable economic activities in a market economy does not mean that these things just happen randomly or chaotically. Each consumer, producer, retailer, landlord, or worker makes individual transactions with other individuals on whatever terms they can mutually agree on. Prices convey those terms, not just to the particular individuals immediately involved but throughout the whole economic system - and indeed, throughout the world. If someone else somewhere else has a better product or a lower price for the same product or service, that fact gets conveyed and acted upon through prices, without any elected official or planning commission having to issue orders to consumers or producers - indeed, faster than any planners could assemble the information on which to base their orders.

Thomas Sowell


The wonder of markets is that they reconcile the choices of myriad individuals.

William Easterly


Most of us are necessarily ignorant of many complex fields, from botany to brain surgery. As a result, we simply do not attempt to operate in, or comment on, those fields. However, every voter and every politician that they vote for affects economic policies. We cannot opt out of economic issues and decisions. Our only options are to be informed, uninformed, or misinformed, when making our choices on issues and candidates.

Thomas Sowell


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_802 - How Inflation Destroys Civilization

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/UFu3Gy14w8O4aWbEe8Or


nostr:npub1pyp9fqq60689ppds9ec3vghsm7s6s4grfya0y342g2hs3a0y6t0segc0qq
https://image.nostr.build/d7aa9043d6b5bdbb5b285306a1a2366a017b514d044bae17734e8f45ca00533b.jpg


Hyperinflation and the Destruction of Human Personality

https://fountain.fm/episode/wv8Ujr9YFAs3ttey1ktp

https://youtu.be/gjirqT_6NbM


Who Benefits from Inflation?

https://fountain.fm/episode/Zr03jHUxSkBkhsgHkn93

https://youtu.be/0M58kxzqx-k


We have a massive opportunity coming into the bull market to consolidate UTXOs with low fees. THIS is a low fee environment.

Fees are likely to be face meltingly high in the coming months to a year or more. And while they will come back down, it may not be back here for a long time, or for very long when/if it does.

If you haven’t consolidated your future blockspace costs recently… do it TODAY. nostr:note1rxdh3dhmxjkje3t4z37qu3waq0wzcv6jt0u94xez966d3dh9x94qdgfhcj


The Redistributive Efects on Monetary Policy

https://fountain.fm/episode/JYbYnJeaQa4Ju8o8Q2gW

https://youtu.be/PGgbcbn4yvA


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_801 - To Dust You Shall Return ( nostr:npub1jw5sltnsdu2xxevvdw6sxrrr83c8cl3w37shjx2fnktjgzf9udnscryrm8 )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/dULnjo29BSdVOkVkw7dI


Our next meetup will be Tuesday, March 26 at 6:00 PM

Remember to stay humble, stack sats, and starve the State

https://www.flockstr.com/event/naddr1qqyrxdecv43xgv3hqgs9l27tukvd7q0q7hpycyrcpl5qwknrkg3my49g97rchfq9aatqqrcrqsqqql9nqk58cp


"There are strict inescapable limitations of what an L2 can accomplish, and those limitations are what the L1 can accomplish. This is just an inherent fact of engineering reality when looking at a system like Bitcoin."

https://bitcoinmagazine.com/technical/layer-2-is-not-a-magic-incantation


What's Next for Bitcoin and nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg  with Ben nostr:npub1u8lnhlw5usp3t9vmpz60ejpyt649z33hu82wc2hpv6m5xdqmuxhs46turz

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/JLUwVlKLRjkUpbffvQEC


Hayek's Nobel Prize, 50 Years Later

https://fountain.fm/episode/BlIbcumB6R1j1bASISgT


Inoculate Kids Against Left-Wing Weirdness

https://fountain.fm/episode/LiFVfP2L0R0JVeii3ykP


"Capitalism preserves assets—because it’s profitable. The planet and the climate around it are assets. Turning them over to an organization founded on theft, violence, and lies—government—should give anyone reason to reject the idea out of hand."

Climate Deniers Deny Socialism. That's Why the Regime Hates Them.

https://mises.org/wire/climate-deniers-deny-socialism-thats-why-regime-hates-them

https://fountain.fm/episode/LGeDqRGrRBZvttUtihy8


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


“The eye sees only what the mind is prepared to comprehend.”

― Robertson Davies


Satoshi designed bitcoin so that he or anyone independently wouldn't mater.

Satoshi didn't want to be sanctified or worshipped, Satoshi didn't want to be known.

Satoshi faded away, respect his wishes.


The fact that a majority might support or condone an act of theft does not diminish the criminal essence of the act or its grave injustice.


True understanding and growth come from the depth of reflection, where we confront ourselves honestly and embrace the lessons we find.

Know Thyself


Energy spreads out over time


BREAKING: EIA to Temporarily Suspend Bitcoin Miner Survey After Lawsuit

"The U.S. Department of Energy has agreed to temporarily suspend its mandatory survey of cryptocurrency miner energy use following a lawsuit by prominent miner Riot Blockchain and an industry group, according to a notice filed on Friday with the United States District Court for the Western District of Texas Waco Division."

https://www.nobsbitcoin.com/eia-to-temporarily-suspend-bitcoin-miner-survey-after-lawsuit/


"Making the process of using Bitcoin become more permissioned will appeal to statists who just want to feel safe. Instead of shifting society towards the values of freedom which Bitcoin can promote, we should shift Bitcoin to the current values of society. SBC will ultimately be the organization helping to pump your bags."

nostr:npub1563z6kxmvuy7s8zhzan8m0hzmkavyfzg2aw6h7f0fvcvdms398csaxc9n6

https://www.bugle.news/statist-bitcoiner-coalition-organizes-pride-rally-outside-bitcoin-2024/


Why We Shouldn't Trust BlackRock with nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv & Mark Goodwin

nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
🤙

https://fountain.fm/episode/Fjz0erw5YpSHJQrMxSox


Scaling Liberty: Bitcoin's Tension Between Ideology And Adoption

My latest from Bitcoin Magazine

https://bitcoinmagazine.com/culture/scaling-liberty-bitcoins-tension-between-ideology-and-adoption


"Economic resources cannot be allocated rationally without market prices. It isn’t merely that the central planners would have to be content with using less information than is available to actors in the free market but rather that the amount of information required to coordinate a complex economy is so vast that the planners couldn’t accomplish the task at all."

If One Wishes to Discredit Capitalism, One Should at Least Understand How It Works

https://mises.org/wire/if-one-wishes-discredit-capitalism-one-should-least-understand-how-it-works

https://fountain.fm/episode/DNIhB8ojWLePomM2xxw4


"Many of the most monstrous deeds in human history have been perpetrated in the name of doing good—in pursuit of some 'noble' goal”

- Leonard Read


There can be no socialism without a state, and as long as there is a state there is socialism. The state, then, is the very institution that puts socialism into action; and as socialism rests on aggressive violence directed against innocent victims, aggressive violence is the nature of any state.

- Hans-Hermann Hoppe


The Ground Is Fertile For The Seeds Of Liberty 🌱


"The true measure of a society's success is not how much wealth it produces, but how much freedom it allows its citizens."

- Murray Rothbard


TAKE THE ROAD LESS TRAVELED.

CLEAR THE WAY FOR THE NEXT GENERATION.


The value of a thing does not depend on its objective nature but on the subjective estimation of men, even if such an estimation is crazy.


The reason Assange has been in various forms of custody for almost twelve years is not because he committed any real crimes but because he has embarrassed the political establishment.

It’s up to those of us who do actually care about the truth and who oppose not only the misdeeds of the foreign regimes that our governments want to overthrow but, more urgently, the authoritarianism already at work in our own countries to demand that those in charge of the United Kingdom and US governments abide by the principles they have so far only pretended to embody. And that starts with dropping the charges against Julian Assange.

If they refuse to do so, that will reveal more about them than any dissident journalist could.

https://mises.org/wire/outrageous-persecution-julian-assange


Good morning ☕

I want to extend a heartfelt thank you to everyone who joined us for last night's Socratic seminar. A special appreciation goes out to those members who actively contributed to our group discussion. Your participation is truly valued. I hope you found the seminar beneficial, and I eagerly anticipate our future gatherings.

Additionally, as mentioned during our discussion, we're seeking recommendations for hidden gems in Milwaukee for CaptainSiddh and his Bitcoin Ride of Passage. They're keen on exploring Milwaukee's lesser-known spots. If you have any suggestions for campgrounds, farm homesteads, or unique places to stay or dine in Milwaukee, please don't hesitate to reach out. Your input is greatly appreciated.

Stay humble and stack sats


The Bitcoin Scaling Dilemma with Shinobi

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
🤙

https://fountain.fm/episode/nKIE8hkcaMHigm0gcMq3


Ladies and gents, we’ve got work to do. Bitcoin Bootcamp begins this Saturday @ 2pm, where I’ll be introducing #Proxmox as a tool to manage your virtual infrastructure better.

Your node is probably shit. Let’s talk about it.

https://www.meetup.com/chibitdevs/events/299277835/

Prompt credit to nostr:npub1z4m7gkva6yxgvdyclc7zp0vz4ta0s2d9jh8g83w03tp5vdf3kzdsxana6p https://image.nostr.build/c31cee86aa0ba2932acc8926540343535470c6bf8ec2b2254611ae046051254d.jpg https://image.nostr.build/cc6c06ea222a0bee5dc30b6410408899673022cd3b39c1c8838e735a1b79fab7.jpg


The greatest trick the Devil ever played was convincing the world that the global economy needs to be micromanaged by academic economists who manipulate interest rates and the supply of money and that sound money is bad for the economy.


See everyone tonight!

nostr:nevent1qqsy6h5l8tnadjssdq3vkuar5yf8tqf8tjk5ausd3klgka22vstpqaspp4mhxue69uhkummn9ekx7mqzyp06hjl9nr0src84cfxpq7q0aqr45cajywe9f2p0s796gp002cqq7qcyqqqqqqgut0fm3


“The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.”

— Mises


Anatomy of the State is the perfect place the start 🤙


nostr:npub1j4u5gjzjyggr3h96x3gjy4akdgwxuk7mgvumv72gym2qyje7fn5s47d6x9
https://image.nostr.build/bc36ad2d2444ff61e6a04e89efd7f4e7734a5bdbdd1d5209919856b35ef9eb46.jpg


Happy Sunday everyone,

Below is the link for the discussion topics for this coming Tuesdays Socratic Seminar meetup.

https://github.com/MilwaukeeBitcoinMeetup/Milwaukee-Bitcoin-Meetup/issues/3


Civilization is a work of peaceful co-operation.


Short Answers to Tough Questions for Libertarians

https://fountain.fm/episode/m10ujqmZbHDfqZHU9ldA


https://image.nostr.build/05d28ba63794ebb24fb6231d42f037b27b730d84c90ef6c6cb6c848b047b6e41.jpg

https://mises.org/wire/inevitable-bust-why-economic-booms-contain-seeds-their-own-destruction

https://fountain.fm/episode/jGkS3xW8XphruIZUCNHt


"Political correctness is fascism pretending to be manners."

- George Carlin


"When people get used to preferential treatment, equal treatment seems like discrimination."

— Thomas Sowell


Don't make the mistake of equating economic freedom with democracy.

- Walter E. Williams


nostr:npub1v6qjdzkwgaydgxjvlnq7vsqxlwf4h0p4j7pt8ktprajd28r82tvs54nzyr
https://image.nostr.build/984a70f9ca48057bfff3deb696850524da7898762499ceb0471822eaee4ece7e.jpg


When Politics Fails (And It Will) | The Tom Woods Show

https://fountain.fm/episode/5FWiJ8BdTARI4PdIFHR4


Sayonara Meetup .com

nostr:nevent1qqsd6ddq30mya6s2hasm4uahqksy8j5kdegess37y0uewl2mjknrqaqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgq3qt74uhevcmuq7pawzfsg8srlgqadx8v3rkf22stu83wjqtm6kqq8sxpqqqqqqzck9akt


Protectionism is a misnomer. The only people protected by tariffs, quotas and trade restrictions are those engaged in uneconomic and wasteful activity.

Free trade is the only philosophy compatible with international peace and prosperity.

- Walter Block


See you in a week!

nostr:nevent1qqsy6h5l8tnadjssdq3vkuar5yf8tqf8tjk5ausd3klgka22vstpqaspp4mhxue69uhkummn9ekx7mqzyp06hjl9nr0src84cfxpq7q0aqr45cajywe9f2p0s796gp002cqq7qcyqqqqqqgut0fm3


It's not about capability; it's the inability to scale up that poses the issue.


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_080 - But Bitcoin Wastes Energy

🤙

https://fountain.fm/episode/nqpGauwkeab4lMb1196u


Is Bitcoin Crossing the Chasm? With nostr:npub10cxz2h7n6rumfpuf49zt4uvm7skzqk5u25vesp0tzdtnkvsnwjyqaffcj3 Sudock

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
🤙

https://fountain.fm/episode/gkiwYlEYpjZrqYwnobtp


The SHA256 Hash function broken out.
Mind blowing.
https://video.nostr.build/cfbdeea3a2c8c68896bbeae978fb21fbb0b77c1fd902bccc08ac154caa7595b1.mp4


Legal Foundations of a Free Society with Stephan Kinsella

https://fountain.fm/episode/4z3CsWH73Rg5jegGe3jy


If you love life, don't waste time, for time is the stuff life is made of.


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_796 - Stranded - How Bitcoin is Saving Wasted Energy by Alex nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/p4cMwgt0SEAnA6mvQPVg


The art of manipulation thrives on false dichotomies, for they obscure the truth and breed compliance.

https://image.nostr.build/7cec0231e4809d107da0f37077d3d506af0cca487c2dde4aa45d7f1f39b2ba86.jpg#m=image%2Fjpeg&dim=864x1167&blurhash=_6RymR3F-D-n%3Fu%241-p007%2400nN%3F%5D%24KS%5E00Bq8xs9yCrpo%7C8xOZV%5Bn%24o%7CnhbaX4slxuWVRjRkogpa%23*%25gR%2CR6W%3Fsp%25z%23jx%5BW%3DMyS%24spt*v%7Dx%5Bf%2CMyXSjEx%5DrqRjW%3DVto%7Dn%24&x=4812e0abb965ad9b1f064cf58e5c144fcd83180e1d5338a0dba98676b4bd6782


The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it.

The first lesson of politics is to disregard the first lesson of economics.

- Thomas Sowell


TONIGHT at #chibitdevs I'll be presenting the UI/UX challenges that #payjoin and #coinjoin transactions impose on signing devices.

* What do retail hwws currently display?
* What SHOULD they?

Obv this all stems from what I've learned during my recent nostr:npub17tyke9lkgxd98ruyeul6wt3pj3s9uxzgp9hxu5tsenjmweue6sqq4y3mgl R&D.

https://m.primal.net/HbVW.png

https://chibitdevs.org/2024-02-08-Socratic-Seminar-51


Fewer PHDS, More Brilliant Dropouts, Please | The Tom Woods Show

https://fountain.fm/episode/7lzcpD3X9q3enPrb2xwA


"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!

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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