Fascism is the stage reached after communism has proved an illusion.

  - Friedrich Hayek


As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny is at stake.

-Ludwig von Mises


One of the most important reasons for studying history is that virtually every stupid idea that is in vogue today has been tried before and proved disastrous before, time and again.

 - Thomas Sowell


Alexis de Tocqueville: The Dangers of Democracy!

https://youtu.be/K3jrTf0OdkE


Kamala's Palace Coup | Radio Rothbard

https://fountain.fm/episode/F8r3mtP8ypK12Z99JWSr


The welfare of a people lies not in casting other peoples down but in peaceful collaboration.

- Mises


I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do.

Robert A. Heinlein


nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcjgxv3n's Take_088 - The Hard Truth

https://fountain.fm/episode/cLNMTcWrFO3hlQXk8e1K


People aren't even aware that there is, could be, should be another way. They don't even entertain the possibility that THEY THEMSELVES SHOULD HAVE THE POWER TO SPEAK. To say whatever. To think whatever. To spend money on whatever.


Revolutions are mighty upheavals made by a mass of people, people who are willing to rupture the settled habits of a lifetime, including especially the habit of obedience to an existing government. They are made by people willing to turn from the narrow pursuits of their daily lives to battle vigorously and even violently together in a more general cause.

Because a revolution is a sudden upheaval by masses of men, one cannot treat the motives of every participant as identical, nor can one treat a revolution as somehow planned and ordered in advance. On the contrary, one of the major characteristics of a revolution is its dynamism, its rapid and accelerating movement in one of several competing directions. Indeed, the enormous sense of exhilaration (or of fear, depending on one’s personal values and one’s place in the social structure) generated by a revolution is precisely due to its unfreezing of the political and social order, its smashing of the old order, of the fixed and relatively stagnant political structure, its transvaluation of values, its replacement of a reigning fixity with a sense of openness and dynamism. Hope, especially among those submerged by the existing system, replaces hopelessness and despair.

The counterpart of this sudden advent of unlimited social horizons is uncertainty. For if the massive gates of the political structure are at last temporarily opened, what path will the people now take? Indeed, the ever-changing and -developing revolution will take paths and entail consequences perhaps only dimly, if at all, seen by its original leaders.

A revolution, therefore, cannot be gauged simply by the motivations of its initiators. The paths taken by the revolution will be determined not merely by these motives, but by the resultant of the motives and values of the contending sides — as they begin and as they change in the course of the struggle — clashing with and interacting upon the given social and political structure. In short, by the interaction of the various subjective values and the objective institutional conditions of the day.

- Murray Rothbard


The Fertility Crisis and Cultural Answers to it with Daniel Hess

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🤙

https://fountain.fm/episode/iiY2K9t8Ii58QCnJ1NqU


The main achievement of economics is that it has provided a theory of peaceful human cooperation.

- Ludwig von Mises


The Politically Incorrect Guide to American History: The 20th Anniversary

https://fountain.fm/episode/ueUArIO2HnNt87ZHVmsZ


GM ☕

https://image.nostr.build/fd8e020760ab3fa450466d20add209e12542f8abaa76ac1c7f9591683eb658be.jpg


Abundance, Generosity, and the State with Guido Hulsmann

nostr:nprofile1qqspnlha0uuujmf07ahc0amz0tnez3dujuwc4v3jq5q9jwd94yfmctcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhs5z8ky6
🤙

https://fountain.fm/episode/NreaQV4UZYLFLX3x06tP


So how is Silent Payments going? nostr:npub1art8cs66ffvnqns5zs5qa9fwlctmusj5lj38j94lv0ulw0j54wjqhpm0w5 and me asked Ruben and Josie for an update: https://bitcoinexplainedpodcast.com/@nado/episodes/episode-94-silent-payments-part-2


But without taxes, wouldn’t the gangsters take over? https://image.nostr.build/0d037cb8ad16bc90c4df752a34355c8ac0b7e63b492bf1df8fbab56fe91c2055.jpg


GM, The government isn't a system for serving the people.

It's a giant PR system to sell violent power as a societal good. It's success is in convincing us to hate/fear some other "group," demographic, or abstract undefinable catastrophe more than we hate/fear them.


 Nobody Cares About the Federal Debt

https://fountain.fm/episode/LvaQuDKn0vQD7Ya6A537


Tackling More of Robert Reich's 'Economic Myths'

https://fountain.fm/episode/RHAZNiAULQfV55FdvgEL


The most effective way of making everybody serve the single system of ends toward which the social plan is directed is to make everybody believe in those ends. To make a totalitarian system function efficiently, it is not enough that everybody should be forced to work for the same ends. It is essential that the people should come to regard them as their own ends. Although the beliefs must be chosen for the people and imposed upon them, they must become their beliefs, a generally accepted creed which makes the individuals as far as possible act spontaneously in the way the planner wants. If the feeling of oppression in totalitarian countries is in general much less acute than most people in liberal countries imagine, this is because the totalitarian governments succeed to a high degree in making people think as they want them to.

- F.A. Hayek


Once you admit that the individual is merely a means to serve the ends of the higher entity called society or the nation, most of those features of totalitarian regimes which horrify us follow of necessity. From the collectivist standpoint intolerance and brutal suppression of dissent, the complete disregard of the life and happiness of the individual, are essential and unavoidable consequences of this basic premise, and the collectivist can admit this and at the same time claim that his system is superior to one in which the "selfish" interests of the individual are allowed to obstruct the full realization of the ends the community pursues.

- F.A. Hayek


The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In collectivist ethics it becomes necessarily the supreme rule; there is literally nothing which the consistent collectivist must not be prepared to do if it serves "the good of the whole," because the "good of the whole" is to him the only criterion of what ought to be done. The raison d'état, in which collectivist ethics has found its most explicit formulation, knows no other limit than that set by expediency -- the suitability of the particular act for the end in view. And what the raison d'état affirms with respect to the relations between different countries applies equally to the relations between different individuals within the collectivist state. There can be no limit to what its citizen must be prepared to do, no act which his conscience must prevent him from committing, if it is necessary for an end which the community has set itself or which his superiors order him to achieve.

- F.A. Hayek


Hot Take: America's Revolution Was Great

https://fountain.fm/episode/LO8T93RsAu9AXL9TBF4G


Bitcoin Audible Read_831 - Lightning Alliance to Accelerate Adoption

nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcjgxv3n
🤙

https://fountain.fm/episode/FI5HkdmADfDgRJls84sY


Jalapeno 🧀 🍞

😳

#food
#bake
#bread

https://image.nostr.build/06087d70e7df32b69c83026d41b66453655e99a9bf12640eca8fb74431088571.jpg


Once one concedes that a single world government is not necessary, then where does one logically stop at the permissibility of separate states? If Canada and the United States can be separate nations without being denounced as 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 neighbourhood? Each block? Each house? Each person?

- Murray Rothbard


Secession is a peaceful means of minimizing political violence and allowing different groups of people to live under different political systems.


Everything Voluntary ✌

nostr:nevent1qqspj3q4ygfuhh8pe7820hsq47c9zldjagw2a86kwg3t6vgq4fu73fgpz9mhxue69uhkummnw3ezuamfdejj7q3qajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusxpqqqqqqzdrltwd


What our generation has forgotten is that the system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not. It is only because the control of the means of production is divided among many people acting independently that nobody has complete power over us, that we as individuals can decide what to do with ourselves. If all the means of production were vested in a single hand, whether it be nominally that of "society" as a whole or that of a dictator, whoever exercises this control has complete power over us.

- F.A. Hayek


There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a self-appointed elite of supermen. In such vital matters blind reliance upon “experts” and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination. As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny is at stake.

Very few are capable of contributing any consequential idea to the body of economic thought. But all reasonable men are called upon to familiarize themselves with the teachings of economics. This is, in our age, the primary civic duty.

Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society’s fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.

- Mises

https://mises.org/mises-wire/austrian-schools-deductive-approach-beacon-economic-understanding


 How to Win Arguments, with Gene Epstein

https://fountain.fm/episode/5B9W3MQuAsxkbapjaXpG


The control of the production of wealth is the control of human life itself.

- Hilaire Belloc


Love peace more than you love force, conflict, compulsion, and intolerance. Work toward a society in which individuals choose to do right because they want to, not because they’re forced to.

— Lawrence W. Reed


The point which is so important is the basic fact that it is impossible for any man to survey more than a limited field, to be aware of the urgency of more than a limited number of needs. Whether his interests center round his own physical needs, or whether he takes a warm interest in the welfare of every human being he knows, the ends about which he can be concerned will always be only an infinitesimal fraction of the needs of all men.

This is the fundamental fact on which the whole philosophy of individualism is based. It does not assume, as is often asserted, that man is egoistic or selfish or ought to be. It merely starts from the indisputable fact that the limits of our powers of imagination make it impossible to include in our scale of values more than a sector of the needs of the whole society, and that, since, strictly speaking, scales of value can exist only in individual minds, nothing but partial scales of values exist--scales which are inevitably different and often inconsistent with each other. From this the individualist concludes that the individuals should be allowed, within defined limits, to follow their own values and preferences rather than somebody else's; that within these spheres the individual's system of ends should be supreme and not subject to any dictation by others. It is this recognition of the individual as the ultimate judge of his ends, the belief that as far as possible his own views ought to govern his actions, that forms the essence of the individualist position.

- F.A. Hayek


It is no exaggeration to say that if we had had to rely on conscious central planning for the growth of our industrial system, it would never have reached the degree of differentiation, complexity, and flexibility it has attained. Compared with this method of solving the economic problem by means of decentralization plus automatic coordination, the more obvious method of central direction is incredibly clumsy, primitive, and limited in scope. That the division of labor has reached the extent which makes modern civilization possible we owe to the fact that it did not have to be consciously created but that man tumbled on a method by which the division of labor could be extended far beyond the limits within which it could have been planned. Any further growth of its complexity, therefore, far from making central direction more necessary, makes it more important than ever that we should use a technique which does not depend on conscious control.

- F.A. Hayek


The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

- Thomas Sowell


Much of the secret of life consists in knowing how to laugh, and also how to breathe.

- Alan Watts


History doesn’t repeat, it rhymes.

nostr:note1qyc86sn8tf3hf2mf5wkwhxgzfxw9r7umjrspmcy4wps8jqtywp3sv2hnkx


Debate Recap: The Funeral of Joe Biden

https://youtu.be/lmyll6Yfjh4


The inflation was so intense that people began to celebrate the soaring stock market, seeing it as a sign of prosperity rather than a symptom of economic collapse.


During the early parts of the Weimar hyperinflation the news was often about people celebrating the stock markets streak of new all time highs.

nostr:nevent1qqs02le834kkenhwv0lqf4kqalg034jj27tmkc9dchmqsagkwqy0nvqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqsw96w32


The generation to which we belong is now learning from experience what happens when men retreat from freedom to a coercive organization of their affairs. Though they promise themselves a more abundant life, they must in practice renounce it; as the organized direction increases, the variety of ends must give way to uniformity. That is the nemesis of the planned society and the authoritarian principle in human affairs.

- Walter Lippmann


What has always made the state a hell on earth has been precisely that man has tried to make it his heaven.

- Hölderlin


Live your life as though politics is but a corner of it, not consumed by it. Recognize the incalculable value of intact families, vibrant and voluntary associations, community engagement, loving relationships, and institutions created and sustained outside the divisive realm of politics.

https://fee.org/articles/16-things-individuals-can-do-to-help-bring-america-together/


When the course of civilization takes an unexpected turn—when, instead of the continuous progress which we have come to expect, we find ourselves threatened by evils associated by us with past ages of barbarism—we naturally blame anything but ourselves. Have we not all striven according to our best lights, and have not many of our finest minds incessantly worked to make this a better world? Have not all our efforts and hopes been directed toward greater freedom, justice, and prosperity? If the outcome is so different from our aims— if, instead of freedom and prosperity, bondage and misery stare us in the face—is it not clear that sinister forces must have foiled our intentions, that we are the victims of some evil power which must be conquered before we can resume the road to better things? However much we may differ when we name the culprit—whether it is the wicked capitalist or the vicious spirit of a particular nation, the stupidity of our elders, or a social system not yet, although we have struggled against it for half a century, fully overthrown—we all are, or at last were until recently, certain of one thing: that the leading ideas which during the last generation have become common to most people of good will and have determined the major changes in our social life cannot have been wrong. We are ready to accept almost any explanation of the present crisis of our civilization except one: that the present state of the world may be the result of genuine error on our own part and that the pursuit of some of our most cherished ideals has apparently produced results utterly different from those which we expected.

- F.A. Hayek


Yet, though the road be long, it is one on which it becomes more difficult to turn back as one advances. If in the long run we are the makers of our own fate, in the short run we are the captives of the ideas we have created. Only if we recognize the danger in time can we hope to avert it.

nostr:nevent1qqs2w5fw2fkrarshrrlptyyszgjpmlcrdr9hn0mjpwfrx9jsgxn6sgcpz9mhxue69uhkummnw3ezuamfdejj7q3qt42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qxpqqqqqqz60nu48


Contemporary events differ from history in that we do not know the results they will produce. Looking back, we can assess the significance of past occurrences and trace the consequences they have brought in their train. But while history runs its course, it is not history to us. It leads us into an unknown land, and but rarely can we get a glimpse of what lies ahead. It would be different if it were given to us to live a second time through the same events with all the knowledge of what we have seen before. How different would things appear to us; how important and often alarming would changes seem that we now scarcely notice! It is probably fortunate that man can never have this experience and knows of no laws which history must obey.

Yet, although history never quite repeats itself, and just because no development is inevitable, we can in a measure learn from the past to avoid a repetition of the same process. One need not be a prophet to be aware of impending dangers. An accidental combination of experience and interest will often reveal events to one man under aspects which few yet see.

- F.A. Hayek


The Total State, why myths have a very strong influence on people’s faith in government, and how humans inherently need to surround ourselves with those that share a similar world view.

https://fountain.fm/episode/hqEPfcfA4cp4KZSuYR0O


Choose liberty over power, persuasion over force. Find ways in which you can leave the world not only a better place, but a freer one as well, for life without liberty is both unthinkable and unlivable.

— Lawrence W. Reed


The Dysfunctional State with Michael Malice

nostr:nprofile1qqs2auxkkgfgylem580xrztp8ek5sf83s86k0vfq2feuz6y4lkhskgcppemhxue69uhkummn9ekx7mp0lxprea

https://fountain.fm/episode/ObpUeiU1MRuZUOGxVFx5


If they can get you asking the wrong questions, they don't have to worry about answers.

— Thomas Pynchon


Above all, do not lie to yourself.

― Dostoevsky


🚀 BR069 - Cat is out of the bag? OP_CAT ft. @nvknvk , Andrew Poelstra, @Rob1Ham & Rijndael

Listen to the episode:
➡ Fountain: https://fountain.fm/episode/yqj4ouCyEv6n24nIO7ej
➡ Spotify: https://open.spotify.com/episode/745hp9L2L7So9i9B3neDHB?si=E1s3hiSQSW-ZRH9BLsZeNA
➡ Amazon: https://music.amazon.co.uk/podcasts/2e6729fd-6d66-4d74-8cd7-6d7e8e036542/episodes/f55942a7-385a-4892-951f-e9c002bff030/bitcoin-review-podcast-with-nvk-guests-br069---cat-is-out-of-the-bag-op_cat-ft-nvk-andrew-poelstra-rob-hamilton-rijndael
➡ Apple: https://podcasts.apple.com/us/podcast/br069-cat-is-out-of-the-bag-op-cat-ft-nvk/id1632017958?i=1000659830876
➡ YouTube: https://youtu.be/4hfQYas5j8c

Full shownotes:
➡ Substack: https://open.substack.com/pub/bitcoinreview/p/br069-cat-is-out-of-the-bag-op_cat

 Andrew lays out a comparison of OP_CAT to other opcodes, making the case for how it results in fewer conflicts with other opcodes which are designed for more specialised use cases.

(Client video upload broken, twitter link instead) https://x.com/bitcoinreviewhq/status/1804292590990430222?s=46


Why the Scottish "Free Banking" Episode Doesn't Justify Fractional Reserves

https://fountain.fm/episode/hTXQDG7T6RH1a1cF5Xqy


Reality is an aspect of property. It must be seized. And investigative journalism is the noble art of seizing reality back from the powerful.

- Julian Assange


Liberty is the mother, not the daughter, of order.


The greater part of the population is not very intelligent, dreads responsibility & desires nothing better than to be told what to do. Provided the rulers do not interfere with its material comforts & its cherished beliefs, it is perfectly happy to let itself be ruled.

- A. Huxley


“You’re not getting an education, you’re getting an indoctrination”

https://video.nostr.build/35a74292e258e16905191c4ec83e5e8026547417de83a96411b5662d3f5a979d.mp4


Tomorrow in #chicago, some plebs & I are going to be at the nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9
office learning to BE bitcoin core in THE best hands-on workshop, the nostr:npub1vmpf90hq56wzyxht6teg3llpa74rzcepw9suj5unxl3tph24zd4qgtxhm7 LARP!

https://www.meetup.com/chibitdevs/events/301738839/

No computers required, it’s time to roll up your sleeves and do the work yourself!


The benefits of economic freedom, and of civilization, are not just for the individual heroes or titans of industry responsible for great accomplishments. Civilization is appreciated and valued by all members of society, or at least all members of society who are not riven with envy at the good fortune of others. The advantages of civilization inure to the benefit of all humanity. As Marc Sidwell writes in his defense of civilization, “Every individual also understands what it is to be a human being. Works of beauty, ambition and mastery are not obscure. They can remind all of us of our common heroic potential.”

https://mises.org/mises-wire/civilization-depends-upon-economic-freedom


Timid men prefer the calm of despotism to the tempestuous sea of Liberty.

- Thomas Jefferson


We would like to express our deepest gratitude for the support from nostr:npub1t74uhevcmuq7pawzfsg8srlgqadx8v3rkf22stu83wjqtm6kqq8sxc6nyw

This will help accelerate our mission to bring Bitcoin education and adoption in the region around Victoria Falls.
https://m.primal.net/Irxz.png


During nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu Conference 2023 we sent a team to compete. Although we didn't take 1st place, we still received some of the winnings thanks to nostr:npub1tampasjf5z0rllvrh8nlqckrjtzzj9590uljzeuu6ymsr8hq9pjsrw0ynt. After much delay we are happy to announce how those winnings have been distributed.

We are inspired by the story of nostr:npub1xxcyzef28e5qcjncwmn6z2nmwaezs2apxc2v2f7unnvxw3r5edfsactfly  and wanted to help.

geyser.fund/project/bitcoi…

We are inspired by the amazing work being done at nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f and wanted to give to help support free and open-source contributors

Thanks again to all the Milwaukee Bitcoiners who supported us and represented us at the Bitcoin Games.

https://mempool.space/tx/5c9827658265353c85fb7b8a6ecfe6efd3b35f73647801244e642158d297b815


The system of plunder derives much of its support from individuals who do not subscribe to socialism but who say, 'We're paying for it, so we might as well get our share'.

- Leonard Read


Bitcoin Audible Read_829 - Seamless and Scalable Bitcoin Payments

nostr:npub1hf5sgehj874r3y2hps9r36qap20cffauc7t895var2ajlsg32mcqa7dp8n
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🤙

https://fountain.fm/episode/C7nXm9eEhNncK014vKXA


Tackling Robert Reich's First Two "Economic Myths"

https://fountain.fm/episode/9ppzpQoWyIH60BLwWo00


Why should exchange be so universal among mankind? Fundamentally, because of the great variety in nature: the variety in man, and the diversity of location of natural resources. Every man has a different set of skills and aptitudes, and every plot of ground has its own unique features, its own distinctive resources. From this external natural fact of variety come exchanges; wheat in Kansas for iron in Minnesota; one man’s medical services for another’s playing of the violin. Specialization permits each man to develop his best skill, and allows each region to develop its own particular resources. If no one could exchange, if every man were forced to be completely self-sufficient, it is obvious that most of us would starve to death, and the rest would barely remain alive. Exchange is the lifeblood, not only of our economy, but of civilization itself.

- Murray Rothbard


nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv

https://image.nostr.build/acbf6c91d451a39cbb815a3d887be4758c35ec4e3a361c0eabad477e95c1aa10.jpg


In one week

https://media.tenor.com/tK5fR0B-l5kAAAAM/its-happening.gif

nostr:nevent1qqswsskvm89vcaahtnemhjpreysyq8dhaujpgaqkk7fzj4h99c52q2spz9mhxue69uhkummnw3ezuamfdejj7q3qt74uhevcmuq7pawzfsg8srlgqadx8v3rkf22stu83wjqtm6kqq8sxpqqqqqqzh55g6a


It is no coincidence that the century of total war coincided with the century of central banking.

- Ron Paul

nostr:nevent1qqsv8yuag0f5t2uqge7fzzmn9wjxl694fgzknwmk0z4ycjeuw69n3mqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg9euaj5dwsxg4hdxqweu54uf8ay3ec2d0ezs2l85xh899rkzgprmspsgqqqqqqstprchf


Bitcoin Ossification Debate with Vijay Boyapati and nostr:npub1su60ga79paqea8kgkp52qeq4eduhtexc957m8utg4704xddprf4szmsu60

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/rEp9z0XBjePj5LUb3px3


Continuing the Fractional Reserve Debate in Light of Selgin and White's Response

https://fountain.fm/episode/VI1Mm0VdHhLSMnNhcBCI


The paradox of "planning" is that it cannot plan, because of the absence of economic calculation. What is called a planned economy is no economy at all. It is just a system of groping about in the dark. There is no question of a rational choice of means for the best possible attainment of the ultimate ends sought. What is called conscious planning is precisely the elimination of conscious purposive action.

- Mises


Statism is the most dangerous religion.


Man will have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants.

— Friedrich Hayek


#ReadMoreHoppe


A member of the human race who is completely incapable of understanding the higher productivity of labor performed under a division of labor based on private property is not properly speaking a person… but falls instead into the same moral category as an animal — of either the harmless sort (to be domesticated and employed as a producer or consumer good, or to be enjoyed as a “free good”) or the wild and dangerous one (to be fought as a pest).

- Hans Herman Hoppe


Now the man who seizes another’s property is living in basic contradiction to his own nature as a man. For we have seen that man can only live and prosper by his own production and exchange of products. The aggressor, on the other hand, is not a producer at all but a predator; he lives parasitically off the labor and product of others. Hence, instead of living in accordance with the nature of man, the aggressor is a parasite who feeds unilaterally by exploiting the labor and energy of other men.

- Murray Rothbard


How would commodity or circulation credit even be technically interoperable with ecash payment terminals/rails?

Or are we saying that ecash itself is commodity credit? nostr:note18e9a072m3yyq2qcewahexeads263c805q2r4g74rg2tq59tthhes0ey08p


y'all mf'er still FUDing and sleeping on ecash...
cashu and fedimint will make agents of wealth generation.
nostr:nevent1qqsruj7hl9dcjzq9qvvhwmunv7kc9dgurh6q9p65023599s2z44mmucpzdmhxue69uhk7enxvd5xz6tw9ec82c3065a9uz


"Mises made a distinction between credit that is backed by savings, and credit that does not have any backing. The first type of credit he labeled commodity credit. The second he labeled circulation credit. It is circulation credit that plays the key role in setting the boom-bust cycle process.

When credit is fully backed by savings — that is, it’s commodity credit — it permits the expansion of tools and machinery. With better infrastructure, it is now possible to produce not only more goods but goods of a better quality. The expansion of real wealth is now possible.

In an unhampered market economy, borrowers are users of savings who make sure that savings are employed in the most efficient way — generating profits. This means that real savings are employed in accordance with consumers’ most important priorities. We can thus see here that as long as banks facilitate commodity credit, they should be regarded as the agents of wealth generation.

In contrast, whenever banks embark on the lending of circulation credit, they in fact become the agents of real wealth destruction.

As opposed to commodity credit, circulation credit is not supported by any real saving. This type of credit is just an empty claim created by banks. In the case of commodity credit, the borrower secures goods that were produced and saved for him."

https://mises.org/mises-wire/mises-explains-difference-between-circulation-credit-and-commodity-credit


We chronically underestimate how much influence for good we can be by simply being better individuals—not pontificating about doing good, but actually being good—and doing it with our own resources, not someone else’s—living it, serving as an inspiration for others.

— Lawrence W. Reed


Bitcoin Audible Read_828 - Orange Pilling Has Stopped Working

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🤙

https://fountain.fm/episode/f0pLH0HS8AAnCHpefX9z


LARP szn! 🎨🔐🧩 nostr:note1appvekw2e3mmwh8nh0yz8jfqgqwm0meyz36pdduj99tw2t3g5q4qfwfev4


Got the zap ⚡


The State is a gang of thieves writ large - the most immoral, grasping and unscrupulous individuals in any society.

nostr:nevent1qqsfwdn9vyxzl7edjffyjygwnem6epacjkyvvlm7e5lm3yvgju8x2kcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygq4wlj9n8w3pjrrfx878sstmq42ltuznfv4e6putnu2cdrr2vdsnvpsgqqqqqqsmmegyx


Bitcoin Audible Read_827 - The Conflict of Men's Interests

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/t11w7CNZIkbWGOr2bVRT


Join us on Wednesday, June 26th as we host the World Famous Bitcoin LARP from nostr:npub1vmpf90hq56wzyxht6teg3llpa74rzcepw9suj5unxl3tph24zd4qgtxhm7

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

The Bitcoin Live-Action-Role-Play is an opportunity to touch and transact with bitcoin in a manual, human powered way. We make the bitcoin protocol into a tangible, fun group-building activity.

Thanks nostr:npub1e0z776cpe0gllgktjk54fuzv8pdfxmq6smsmh8xd7t8s7n474n9smk0txy & nostr:npub1r7psmkr4zv93xnal8un6d8hvmpsn5jvhfzn3kk38rfcel6awznks7znspg

Attendees will also receive a special gift courtesy of the Mises Institute. We will be giving out copies of Murray Rothbard's What Has Government Done to Our Money?

https://mises.org/library/book/what-has-government-done-our-money


The State is the ultimate judge in every case of conflict. There is no appeal beyond its verdicts. If you get into conflicts with the State, with its agents, it is the State and its agents who decide who is right and who is wrong

- Hans Herman Hoppe


Liberty not only means that the individual has both the opportunity and the burden of choice; it also means that he must bear the consequences of his actions. Liberty and responsibility are inseparable.

— Friedrich Hayek


 nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 of  nostr:npub1wu4aye7ll0lnrrg638e90sehzsgpzx5t39t3mwl05aa0d0ap08esdz3vw0 on Bitcoin Ossification and Changes SLP582  rejoins me to talk about attitudes on Bitcoin development and consensus changes. We discuss how “ossification” is commonly thrown around, but maybe there is a better term.

https://www.youtube.com/watch?v=ccu6Chk3Xbg


The government treats us like cattle, and we are milked accordingly, and when they're done, they send us to the slaughterhouse.


Bitcoin Audible Read_826 The Supreme Court Ruling and Implications for Operation Choke Point

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nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/hhXoxAgKnnaTMZnFcHoi


Property does not exist because there are laws, but laws exist because there is property.

~ Frédéric Bastiat


Bitcoin Audible Read_825 - Decentralization and Localized Manufacturing, Bitcoin, Ai, and 3D Printing

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
nostr:npub1tevld5mas8tv37zpz038f29zqf9d0gevn34m6nkcr60athj8cxcqw0ga7g
🤙

https://fountain.fm/episode/4QEi6EIpEvSOJXg6EtOw


It was largely people of good will, men who were admired and held up as models in the democratic countries, who prepared the way for, if they did not actually create, the forces which now stand for everything they detest.

— Friedrich Hayek


I listened to the What Bitcoin Did Saylor podcast, and I really want to respond, though that may be unwise. But I want thoughtful, fearless content in my feed, so I should start making some, right?

Firstly, while analogies can provide useful guide rails for understanding, listening to people *arguing* using analogies makes you stupider. Debate the thing itself, not the words about the thing: it hurts my head to even think about doing this, so I won't.

Let's set my priors first: I assume we're talking about technically solid, well-vetted, backward compatible protocol changes: this is the minimum bar.

I don't wholesale agree with Saylor's "don't threaten anyone's investment" hard limit. This has happened multiple times in the past, from the dust limit breaking SatoshiDice, enabling Lightning threatening miner fees (real or not), and segwit breaking stealth ASICBoost. These interests can, and will, stand up for themselves and will compete against other benefits of changes.

To be explicit: I consider any protocol change which makes block space usage more efficient to be a win!

Obviously Saylor is invested in Bitcoin the asset, and can afford to do all his business onchain in any conceivable scenario. His projection of a Bitcoin world in which there are 100,000 companies and governments who use Bitcoin as the base layer is interesting:
1. This does not need "smart contracts", just signatures. By this model, Bitcoin Script was a mistake.
2. It can work if Bitcoin does not scale and is incredibly expensive to spend and hold. By this model, the consumer hardware wallet industry is a dead-end and needs to pivot to something else (nostr keys, ecash?)
3. You could do this with gold, today? Bitcoin here is simply an incremental, not fundamental, improvement. I think this is suggestive, though: that such a network would not be long-term stable, and very much subject to capture.
4. In this view, Saylor is simply a gold bug with first mover advantage, shilling his bags. That's fine, but it's important to understand people's motivations.
5. This vision does not excite me. I wouldn't have left Linux development to work on making B2B commerce more efficient. I wouldn't get up at 5:30am for spec calls, and I sure as hell wouldn't be working this cheap.

I believe we can make people's UTXOs more powerful, and thus feel a moral responsibility to do so. This gives them more control over their own money, and allows more people to share that control. I assume that more people will do good things than stupid things, because assuming the other way implies that someone should be able to stop them, and that's usually worse.

I believe the result will be a more stable, thus useful, Bitcoin network. I am aware that this will certainly benefit people with very different motivations than me (Saylor).

Thanks for reading, and sorry for the length!


Know Thyself

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Block 847038: Important News of the Week

Huge thanks to our loyal supporters and zappers. Every contribution indicates that we're doing something right. We know your time is scarce and we are here to help you maximize it.

If we raise one bitcoin we can continue and even expand our operations this year, meaning higher quality content, extra coverage of high signal projects, exclusive interviews, and more.

Check out our fundraising campaign on Geyser to learn more.

https://www.nobsbitcoin.com/847038/


Would Ending the Fed Cause a Depression?

https://fountain.fm/episode/0vRI9n3hU7R43FpckbLZ


https://image.nostr.build/5de21b5fb0a6c67a0b59524cb4a6a9e320cd52af5f892da7b57b3adbd3f54bba.jpg

https://image.nostr.build/bf9740c39e5f646dc3ad6a6da33755b8b1143f45097a8cb241012f9f2e57da98.jpg


Will Our Deranged Regime Eventually Collapse?

https://fountain.fm/episode/iu4eFC1ATi4bNVUdVO7G


Selgin vs. Selgin: The Debate Over Fractional Reserve Banking

https://fountain.fm/episode/BO3MeY8ZpaoydSVt7uyQ


In Bitcoin, Explained 93, @provoost and I explain the Great Consensus Cleanup Revival. (And Sjors also gives an update on the Tornado Cash and Samourai Wallet arrests.)

👂👇

https://bitcoinexplainedpodcast.com/@nado/episodes/episode-93-the-great-consensus-cleanup-revival-and-an-update-on-the-tornado-cash-and-samourai-wallet-arrests-5bbxi


The distinctive and crucial feature in the study of man is the concept of action. Human action is defined simply as purposeful behavior. . . . The entire realm of praxeology and its best developed subdivision, economics, is based on an analysis of the necessary logical implications of this concept

- Murray Rothbard


The Problem with Public Schools

https://fountain.fm/episode/ILPr7Xb88drwTTjTmlOE


The most powerful tool of your mind is not its capacity to know, but its ability to question.


'Need' now means wanting someone else's money. 'Greed' means wanting to keep your own. 'Compassion' is when a politician arranges the transfer.

- Joseph Sobran


The fundamental social phenomenon is the division of labor and its counterpart human cooperation. Experience teaches that cooperative action is more efficient and productive than isolated action of self-sufficient individuals. Man has a better chance to survive and to improve his condition when he acts in concert with his fellows. But the fundamental prerequisite of any cooperation is trust


Bitcoin Audible Read_823 - Scaling Trust

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🤙

https://fountain.fm/episode/g8YCmfyfiRxBcyDyNwr4


 nostr:npub1yevrvtp3xl42sq06usztudhleq8pdfsugw5frgaqg6lvfdewfx9q6zqrkl of PayJoin Dev Kit (sponsored by Spiral and Opensats) joins me to discuss how Bitcoin privacy could be improved with more PayJoin adoption. What’s more, it might also benefit users in consolidating their wallets or potentially even fee savings. We discuss how this could be integrated into more bitcoin wallets.

https://stephanlivera.com/episode/576/


Bitcoin Audible Read_822 - Denial of Service Attack on Consensus

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🤙

https://fountain.fm/episode/39IZB51hidJdQTTBmkMf


Silent Payments is a new approach to improving privacy and useability of Bitcoin. Imagine not needing to manually create new addresses? Josie and Ruben Somsen join me to discuss how it's possible.

Silent Payments overview
Contrast with other techniques such as BIP47
Light client support
Stopping address re-use
Base layer privacy discussion

https://stephanlivera.com/episode/579/


Topics for tomorrow are posted. See you then!

https://github.com/MilwaukeeBitcoinMeetup/Milwaukee-Bitcoin-Meetup/issues/7


If and as far as labor under the division of labor is more productive than isolated labor, and if and as far as man is able to realize this fact, human action itself tends toward cooperation and association; man becomes a social being not in sacrificing his own concerns for the sake of a mythical Moloch, society, but in aiming at an improvement in his own welfare. Experience teaches that this condition — higher productivity achieved under division of labor — is present because its cause — the inborn inequality of men and the inequality in the geographical distribution of the natural factors of production — is real. Thus we are in a position to comprehend the course of social evolution.

- Mises


Welfare must be recognized as a matter exclusively of families and voluntary charity and state welfare as nothing but the subsidization of irresponsibility

- Hans Herman Hoppe


 nostr:npub179e9tp4yqtqx4myp35283fz64gxuzmr6n3yxnktux5pnd5t03eps0elz4s of  nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n rejoins me on the show to talk about a new idea for a bitcoin soft fork that hopefully avoids some of the ‘horse trading’ dynamic that existed amongst other proposals. Listen in to learn more about the different paradigm that Rusty introduces here, so that developers can build more functionality and efficiency in, hopefully so that more people can use Bitcoin in self-custody.

Bitcoin Script background
GSR overview
GSR benefits
What is varops
Contrast with APO or LNHANCE?
Will it enable shitcoins and spam?

https://stephanlivera.com/episode/577/


Prosciutto pepperoni pizza, tried 00' flour and awesomeness ensued #pizza


It is what it is https://video.nostr.build/11c3d7cd16c2827dc8a84cb3e5a460db792b995981a31b665c75fef0b8c105c4.mp4


International politics is never about democracy and human rights. It’s about the interests of States. Remember that, no matter what you are told in history lessons.

- Egon Bahr


GM ☕

https://video.nostr.build/0a0e1c0fb5a3576f8d279809a19aa268af396067dc28c7cd93763387d704a0a8.mp4


GM ☕


GM https://image.nostr.build/64f7d74bc790bec08e6b484356ff1c84ba7d5fd7c6b0615094211673d06ac172.jpg


How Human Action Guided My Teaching and Research Career Thomas J. DiLorenzo

https://youtu.be/x7ZioM9NwiY

https://fountain.fm/episode/wMT03esyR517RK78lVNe


Calculation and Environmental Policy: Lessons from Human Action | Timothy D. Terrell

https://youtu.be/K6CrYVhcVCo

https://fountain.fm/episode/GXSQNXtSx6n5a4PkMOID


Dualism and Calculation: What Mises Taught Me about Economics and Capitalism | Robert P. Murphy

https://youtu.be/3AbiS8lKL6o

https://fountain.fm/episode/otXZU58PaMxc2aUvjsnc


My Discovery of Human Action and Mises as a Philosopher | Hans Herman Hoppe

https://youtu.be/sWx9kt3Kzk0

https://fountain.fm/episode/4w2hbEJqXWojVbwl4iIi


The prevalence of social orders based on private-property rights is not a brute fact of nature such as gravity or bad weather. It is very much the result of deliberate human action. It is true that such an order is in conformity with human reason and that in this sense it might be called a natural social order. But this does not alter the fact that its existence is historically contingent. No law of nature has brought about private-property orders. Private property is a fragile cultural achievement. It can be realized if human beings act with the moral resolve to respect private property even though nonrespect might benefit them materially, especially in the short run. And a private-property order can only be maintained if this moral commitment is constantly renewed, which in the long run is only possible if that order is understood and loved.

- Jörg Guido Hülsmann


🍕
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Bitcoin Audible Read_821- The Most Important Thing You'll Read This Year

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/NDJy2nRvPlI6OYJLe8zN


Bitcoin Magazine - Consensus Changes w/ nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

https://x.com/i/spaces/1zqJVqlYPYVGB


As a remedy for the undesirable effects of interventionism they ask for still more interventionism.

— Ludwig von Mises


Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.

- Thomas Sowell


Q1 2024 Monetary Base Update with nostr:npub1ath4je07y7py74nvu044fum3f8hz3exc3dtcv782qg94w5gaddusl74k6d Mežinskis

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/OH8Uug5mgjoWhPccKpNw


Bitcoin Audible Chat_100 - Privacy is a Crime with nostr:npub18hqtw4vjsg6s0a0kyhugn5mt5fs8fp64pd8nsv66vqld5qg090pqe75kus

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/OVtmun7WrheOJ0WjnvcV


The hardest thing to explain is the glaringly evident which everybody had decided not to see.

- Ayn Rand


Perhaps the most valuable thing the "Great American Experiment" accomplished was to demonstrate that "limited government" is impossible. There cannot be a master who answers to his slaves.

- Larken Rose


Reason and experience show us two separate realms: the external world of physical, chemical, and physiological phenomena and the internal world of thought, feeling, valuation, and purposeful action.

- Mises, Human Action


There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a self-appointed elite of supermen. In such vital matters blind reliance upon “experts” and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination. As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny is at stake.

Very few are capable of contributing any consequential idea to the body of economic thought. But all reasonable men are called upon to familiarize themselves with the teachings of economics. This is, in our age, the primary civic duty.

Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society’s fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.

- Mises

https://mises.org/online-book/human-action/chapter-xxxviii-place-economics-learning/6-economics-and-citizen


In abolishing economic calculation the general adoption of socialism would result in complete chaos and the disintegration of social cooperation under the division of labor.

- Mises, Human Action


nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt
https://image.nostr.build/c603ad288e9171ec2f0f7cac8762d7d7b0520a45853b1455a5ead0691430839b.jpg


We interpret animal behavior on the assumption that the animal yields to the impulse which prevails at the moment. As we observe that the animal feeds, cohabits, and attacks other animals or men, we speak of its instincts of nourishment, of reproduction, and of aggression. We assume that such instincts are innate and peremptorily ask for satisfaction.

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

https://oll.libertyfund.org/pages/mises-on-human-action


nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
https://image.nostr.build/0ee66aeb96781ab3e0066e99e854d32a22d6e2e6ade9881cb9670d6006bd7d50.jpg


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


Alan Moore


Our integrity sells for so little, but it is all that we really have. It is the very last inch of us. But within that inch, we are free... An inch; it is small, and it is fragile, and it is the only thing in the world worth having. We must never lose it or give it away; we must never let them take it from us.


The Pear Report_01 - Return of the P2P Web

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🍐

https://fountain.fm/episode/GEH4q0Zd8RWYRB8p90bL


In a free economy, in which wages, costs and prices are left to the free play of the competitive market, the prospect of profits decides what articles will be made, and in what quantities—and what articles will not be made at all. If there is no profit in making an article, it is a sign that the labor and capital devoted to its production are misdirected: the value of the resources that must be used up in making the article is greater than the value of the article itself. One function of profits, in brief, is to guide and channel the factors so as to apportion the relative output of thousands of different commodities in accordance with demand.

- Henry Hazlitt


As long as government has the power to regulate business, business will control government by funding the candidate that legislates in their favor. A free-market thwarts lobbying by taking the power that corporations seek away from government! The only sure way to prevent the rich from buying unfair government influence is to stop allowing government to use physical force against peaceful people. Whenever government is allowed to favor one group over another, the rich will always win, since they can "buy" more favors, overtly or covertly, than the poor.

- Mary J. Ruwart


It is not the spoon that bends. It is only your Self


Everything Voluntary ✌ https://image.nostr.build/4d1ab0c6687efb926ccb5de32025cd9a0c0ab858b5623cc6139b76a942639a57.jpg


It is the consumers who make poor people rich and rich people poor.

- Ludwig von Mises


The Great Script Restoration: A Path Forward For Bitcoin

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

https://bitcoinmagazine.com/technical/the-great-script-restoration-a-path-forward-for-bitcoin


We don't beg for scraps from the imperial table, and we don't seek a seat at that table. We want to knock the table over.

- Lew Rockwell


They want you to feel scared, they want you to feel the doom and gloom.

Get out of their framing, you are being gaslit.


An Austrian Critique of the New MMT Documentary

https://fountain.fm/episode/54u99gENWKSJaVr2gNGg


What is the current barrier to entry holding back mass adoption?


nostr:npub16fhh3ev4gytmt3jn3gkkez9z99kxtspcwupen4cxn2tcym4sd22surn62p
https://image.nostr.build/9a091d144f7faf3ab43ffa6eab75265d50f521736c7c4cc5fd52b1442729172a.jpg


GM,

In anticipation of the uniparty election scam season, remember to take care your of family, friends, and community first and foremost. Don’t wait for DC rent-seekers to save you.

🫂

P.s. you can mute keywords on damus now https://image.nostr.build/4da7c47d3c0908e60fe3e3c410d7a6ceac79dd72496d31e44208f0fa894d16f6.jpg  nostr:note1fnxyy6wg7twwnf65n6k44sm3p9x0eejulp32st2m86yac5hvajnqmppqfd


The state is not a neutral observer. It will pass environmental legislation. It will regulate relations between races and sexes. It will put down this religion in order to raise that one up. In each case, the intervention only exacerbates conflicts, which in turn creates the impression that there really is an intractable conflict at work.

- Lew Rockwell


Philosopher Michael Huemer on the Problem of Political Authority

https://fountain.fm/episode/6mkOUSqDgouYX8bkuULs


The recent BTC++ was a 'meeting of the minds’ for a lot of bitcoin developers, and Brandon Black aka reardencode rejoins me on the show to discuss. We talk about:

Various covenant proposals
What has shifted now in thinking
The promise of Great Script Restoration
Could it have bad side effects?
Doing good engineering

https://stephanlivera.com/episode/573/


Joseph Stiglitz: Stupid or Sinister?

https://fountain.fm/episode/GsDz2W0bf8TI0Ui9p26a


Idk who needs to hear this, but you can't fight criminals via the channels they set up for you to fight them.


Anyone who denies that rights exist contradicts himself since, by his very engaging in the cooperative and conflict-free activity of argumentation, he necessarily recognizes the right of his listener to be free to listen, think, and decide. That is, any participant in discourse presupposes the non-aggression axiom, the libertarian view that one may not initiate force against others.

Thus, according to Hoppe, anyone who would ever deny the ethics underlying the free market is already, by his very engaging in the civilized activity of discourse, presupposing the very ethics that he is challenging. This is a powerful argument because, instead of seeking to persuade someone to accept a new position, it points out to him a position that he already maintains, a position that he necessarily maintains. Opponents of liberty undercut their own position as soon as they begin to state it.

- Stephan Kinsella


"People knee jerk and toss out “unknown unknowns” as a counterargument to any proposed change. This is not a valid, or an intellectually honest, response to anything. Everything has unknown unknowns. Doing nothing has unknown unknowns, doing a single conservative change has unknown unknowns, doing everything all at once has unknown unknowns. That’s the whole nature of that logical category of things, you don’t know what you don’t know."

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

https://bitcoinmagazine.com/culture/a-denial-of-service-attack-on-consensus


🚀 BR066 - Mutiny, Secp256k1, Sparrow, COLDCARD, Microstrategy DIDs, NIP-104, FOSS Dev Funding, Mining Centralisation + MORE ft. nostr:npub1ug8c5wp6chs4xessrstq3mj0x0agkttey5xwk26632a2gw22de7qkfd9ry , nostr:npub1p4kg8zxukpym3h20erfa3samj00rm2gt4q5wfuyu3tg0x3jg3gesvncxf8 , nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx , nostr:npub1mxrssnzg8y9zjr6a9g6xqwhxfa23xlvmftluakxqatsrp6ez9gjssu0htc  & nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8

Listen to the episode:
➡ Fountain: https://fountain.fm/episode/cuIdDQ7quYhoGjvTTxOt
➡ Spotify: https://open.spotify.com/episode/65NLVoWHuNO1IDxT8Pdqd9?si=Qwreb4eCQ1qcQXTJ7PnyKg
➡ Amazon: https://music.amazon.co.uk/podcasts/2e6729fd-6d66-4d74-8cd7-6d7e8e036542/episodes/7e37427f-ac9a-41de-b07c-f81e54e88285/bitcoin-review-podcast-with-nvk-guests-br066---mutiny-secp256k1-sparrow-coldcard-microstrategy-dids-nip-104-foss-dev-funding-mining-centralisation-more-ft-steve-lee-future-paul-odell-rijndael
➡ YouTube: https://youtu.be/tKX6d2nPSkE

Full shownotes:
➡ Website: https://bitcoin.review/podcast/episode-66/
➡ Substack: https://open.substack.com/pub/bitcoinreview/p/bitcoin-review-podcast-br066-mutiny


Bitcoin Audible Chat _099 - Failure, Hope and the Purpose of Bitcoin with nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/lgzLn14ZspAyW1Lbq0ZK


In other news: Blacksmith sentenced to 48 months jail; his knife was used to stab someone. This follows the incarceration of an automobile manufacturer, as one of his cars was used for a bank heist. https://image.nostr.build/e752e49812e7ca4fa733e1858dda24192deaf733ef261d7de26e120111f21fa6.jpg


The Power of Bitcoin with Gloria Zhao

nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx

https://fountain.fm/episode/NoD0D8jRYalfIaCWxzvM


What we cannot speak about we must pass over in silence.

- Wittgenstein


nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
https://image.nostr.build/42ce72906179171974a992298367a300bd8872988fbb11792862c0146a4be015.jpg


Bitcoin Audible Read_820 - The Bitcoin Stack

nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt
nostr:npub1uatf9mr3za8xnr0370gl2acc2k7vfeh9dpyf6t426jyasyry4nnqe7n24e

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/hjs0YK7tTZYaouYnRIjQ


Wise individuals learn from every thing and every one; average people, from their experiences. The stupid already have all the answers.

― Socrates


The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is; he confuses it with feeling.

- Thomas Sowell


Politics is simply theatre for the slave class.


However, no matter what a person’s original time-preference rate or what the original distribution of such rates within a given population, once it is low enough to allow for any savings and capital or durable consumer-goods formation at all, a tendency toward a fall in the rate of time preference is set in motion, accompanied by a process of civilization.

- Hans Herman Hoppe


Bitcoin Audible Read_819 - Bitcoin Drain in the USA ( nostr:npub1t289s8ck5qfwynf2vsq49t2kypvvkpj7rhegayrur0ag9s2sezaqgunkzs )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
nostr:npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppj
🤙

https://fountain.fm/episode/GJDpEFzCqKzKfT1cmcZT


We must make the building of a free society once more an intellectual adventure, a deed of courage.

— Friedrich Hayek


"From a historical perspective, the US government’s erratic behavior should not come as a surprise: when the economy is plagued by unbearable debt and wars spread like fire, authorities tend to tighten financial controls. The US is no exception. In the distorted minds of tyrants, nobody must be allowed to preserve their wealth by exiting the incumbent financial and institutional system: the ship must sink with everyone onboard."

https://mises.org/mises-wire/arrest-samourai-wallet-developers-shows-us-government-hates-privacy-and-freedom


Very approachable. Starts from first principles and builds from there.

Highly recommend it if you're not familiar with Kinsella. 🤙


Very approachable. 🤙

Highly recommend it if you're not familiar with Kinsella.


Haha nice! That's literally the next book in my queue!!

Half way through Legal Foundations of a Free Society by Stephan Kinsella

https://www.stephankinsella.com/lffs/


ls America Headed for Stagflation?

https://fountain.fm/episode/0w2cNXPc9QFjqiYs24x1


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_085 - They Are Coming

https://fountain.fm/episode/fcEuiNUEGDOJebtWlB67


First They Came for Samourai with nostr:npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5g & nostr:npub15c88nc8d44gsp4658dnfu5fahswzzu8gaxm5lkuwjud068swdqfspxssvx

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
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🤙

https://fountain.fm/episode/NwskGdWwAgtgIXfM5dap


Today, in the twenty-first century, an age of jet aircraft, personal computers, wireless telecommunications, laser surgery, and incipient space travel, the mentality with which many presumably educated, intelligent people approach matters of economics and business is, however astonishing it may seem, still that of the Dark Ages.

- George Reisman


Ethics of Liberty

https://mises.org/mises-daily/crusoe-social-philosophy#:~:text=One%20of%20the%20most%20commonly,important%20and%20even%20indispensable%20uses.


The Current Challenges Bitcoin Faces w/ nostr:npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vt

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
🤙

https://fountain.fm/episode/VurMb9goIo3BNWY0zzSk


Can we picture a world in which no man is free to take any action whatsoever without prior approval by everyone else in society? Clearly no man would be able to do anything, and the human race would quickly perish. But if a world of zero or near-zero self- ownership spells death for the human race, then any steps in that direction also contravene the law of what is best for man and his life on earth.

- Murray Rothbard


Bitcoin Audible Read_818 - Reviewing Reviews ( nostr:npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/Yk5YKIiEAFIRCZb58fBZ


Listen to nostr:npub1ug8c5wp6chs4xessrstq3mj0x0agkttey5xwk26632a2gw22de7qkfd9ry and reject ossification

nostr:nevent1qqs0gqdljjqus8cv0keqalsfsadyzrfltyz08ma48ucp7yjljwqpnwspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqx07l4lnnjtd9lmklplhvfaw0y29hjt3mz4jxgzsqkfe5k5380p0qvzqqqqqqya6u5f9


🚀 BR065 - Samurai Arrests, New BIP Editors, Block Template Centralisation, CATVM, Juice Jacking Attack, OpenJS takeover attempt, BadUSB vulnerability, FixedFloat exploit, + MORE ft. nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw nostr:npub1mxrssnzg8y9zjr6a9g6xqwhxfa23xlvmftluakxqatsrp6ez9gjssu0htc nostr:npub1u8lnhlw5usp3t9vmpz60ejpyt649z33hu82wc2hpv6m5xdqmuxhs46turz nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8

Listen to the episode:
➡ Fountain: https://fountain.fm/episode/iOGOk5lzJIpDWtfXhnkc
➡ Spotify: https://open.spotify.com/episode/3fl7iqdQJFBrMXsz90fSAy?si=5JWaKIoOTpalGEbGQubycw
➡ Apple: https://podcasts.apple.com/us/podcast/br065-samurai-arrests-new-bip-editors-block-template/id1632017958?i=1000653732805
➡ Amazon: https://music.amazon.co.uk/podcasts/2e6729fd-6d66-4d74-8cd7-6d7e8e036542/episodes/54c36be2-df5b-4347-bae6-0f0ebacfc782/bitcoin-review-podcast-with-nvk-guests-br065---samurai-arrests-new-bip-editors-block-template-centralisation-catvm-juice-jacking-attack-openjs-takeover-attempt-badusb-vulnerability-fixedfloat-exploit-more-ft-rob-ben-rijndael
➡ YouTube: https://youtu.be/YZq-zUTu6Y0

Full shownotes:
➡ Website: https://bitcoin.review/podcast/episode-65/
➡ Substack: https://open.substack.com/pub/bitcoinreview/p/br065-samurai-arrests-new-core-bip

👇🎧 NVK and the guests discuss the phenomenon of "valuable" testnet coins. (How does a coin worth nothing end up having a market value?!)

https://m.primal.net/IARD.mov


Did the MMT Camp Correctly Predict the Post-Covid Economy?

https://fountain.fm/episode/e5Q8ZbGKsiEee5k9kctn


Normalize the term 'tax cattle'


The younger generation of today has grown up in a world in which in school and press the spirit of commercial enterprise has been represented as disreputable and the making of profit as immoral, where to employ a hundred people is represented as exploitation but to command the same number as honorable.

— Friedrich Hayek


Abolish the CIA and FBI | Radio Rothbard

https://fountain.fm/episode/luMv3qUPsonxehqZq8WI


The state is not a social institution imbued with mystical powers, but a gang of individuals who, like any other bandit gang, are trying to get as much out of you as they can.

~ Murray Rothbard


I'm often asked what the first step out of this insanity is, and that is to stop pretending politicians are leaders and representatives instead of rulers and thugs.

Denying them this oxygen of legitimacy, even if only in your own mind, clears the way for everything else.


Just as everyone in a tribe praying to a volcano god would reinforce the idea that there is a volcano god, so begging politicians for favors reinforces the idea that there is a rightful ruling class, that their commands are "law," and that obedience to such "laws" is a moral imperative.

nostr:nevent1qqsv70lnu0cuk9kuhzgp4pqtrwnngetds3pcsfpqud0pm5thl0twfuqpr3mhxue69uhhyetvv9ujumt4w35ku7thv9kxcet59e3k7mgzyrafsj7hmweg9ur7zmn6apajdg48hxuskujx53rhrux0ttjcqx84yqcyqqqqqqgss3pt4


Hopefully you have the wisdom to know the difference.

nostr:nevent1qqs8gsptwpuasjc2s0u4dpzta5jy06hmf00d2m9rnaj3x2qarhpgq3qpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqmjxss3dld622uu8q25gywum9qtg4w4cv4064jmg20xsac2aam5nqvzqqqqqqyk0c33p


Hopefully you have the wisdom to know the difference.


Despite the volatility, accumulating and holding #Gold in Weimar Germany was a lifeboat for many. Same for stacking and hodling #Bitcoin in the 21st century. Fasten your seatbelt. https://image.nostr.build/2d10636c3a764aad88a5ef59f3f58ab4d4e4985c263d33f62ebba294c3e5d7ad.jpg


Count your blessings 🫂


"The state is that great fiction by which everyone tries to live at the expense of everyone else." —Frédéric Bastiat

nostr:nevent1qqs8crxmgns9n457k90m0jys7zeznzahhv28waq5ega2lgkzfvswdncpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp6y2dy0f3kvc0jty2gwl7cqztas8qqmc5jrerqxuhw622qnc2pq3qvzqqqqqqyujmqlg


nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
https://image.nostr.build/53064a4513e960fe72c84cd3dec335a582cbb733fdd714e8a4ef2157fb49a26b.jpg


Reject ossification!


The next Milwaukee meetup is Tuesday, May 28th at TransferMKE

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


Nah

Not enough pain


Bitcoin Audible Chat 098 - Replacing Gold with nostr:npub13l3lyslfzyscrqg8saw4r09y70702s6r025hz52sajqrvdvf88zskh8xc2

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/sVdQpwVFjaKYD3RCAdw1


Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.

~ George Reisman


Did anyone use the heat transfer of a frying pan to transmit a transaction yet?

Would be a nice weekend project: create an air-gapped transaction, build a little device that heats up a frying pan on one end, and once it hits a certain temperature threshold (measured at the other end) you book it as a binary ONE, and if it doesn't hit the threshold in a certain timeframe you book it as a binary ZERO.

The frying pan would literally act as a transmission device, and once the binary string is transmitted through the pan, you broadcast it to the network by whatever means. Bonus points if you broadcast via ham radio, just for the heck of it. And also because you could give it a nice name like "Ham in a Pan" 🥓🍳

https://dergigi.com/assets/images/bitcoin/2021-08-02-implications-of-outlawing-bitcoin/ham-radio.jpg
https://dergigi.com/slides/2022-riga/images/highres/mj-bacon-wallpaper.webp
https://dergigi.com/slides/2022-riga/images/slides/v9d.033.png


nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
https://image.nostr.build/d5888123702e4fabe690ae8aad7b308340ffd2245a205cd61fa041ca55ca3b1b.jpg


"You can vote your way into Socialism, but you have to shoot your way out."

Walter Williams.


nostr:npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6mak https://image.nostr.build/6cf76d54aa821a23f61664b682ff0ead91344275d200cc7425a69bbe9d82e066.jpg


Secession is not about creating a new government; it's about dissolving the existing one. It's about individuals reclaiming their sovereignty and their right to self-governance.


Their definition is literally insane:

This is *literally* the criminalization of #Bitcoin  in its entirety. Running the software in any form means you are committing a crime. nostr:note1sy3fgdthmkjvezja07f3xldjcrd87xskljdwnthfawpqghur8n0sger6q8


nostr:npub1jw5sltnsdu2xxevvdw6sxrrr83c8cl3w37shjx2fnktjgzf9udnscryrm8
https://image.nostr.build/14116962d4758b4087679df132e9ca015b308d2fe4b7a2407812f6fc9f8fdb2a.jpg


This is…not good. From the Tornado Cash case. Their broad definition of money transmission would encompass pretty much everything, regardless of if funds were ever not in users control. It’s imperative for the future of #Bitcoin  that this gets defeated.

https://storage.courtlistener.com/recap/gov.uscourts.nysd.604938/gov.uscourts.nysd.604938.53.0.pdf https://image.nostr.build/61d0143fcf3ab3c4dc7c5f2f68e3a8caadc6a8dfc35061e5ebbf596f8bbde407.jpg https://image.nostr.build/e71d34ffaec33fb763579158886a459e19063ab20a01f8b685082edd6c5ec01a.jpg


nostr:npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5g
https://image.nostr.build/d783ce5fb00cb59e0e348dfe4bbe6b837e296eb2b56d974d2c4e6da609013ac8.jpg


GM

Free speech is dead.


nostr:npub16fhh3ev4gytmt3jn3gkkez9z99kxtspcwupen4cxn2tcym4sd22surn62p
https://image.nostr.build/c3e5fbce21b6388911f65cf313aa81559f5be839880ee2324071f72901374394.jpg


"In all societies, public opinion is determined by the intellectual classes, the opinion moulders of society. For most people neither originate nor disseminate ideas and concepts; on the contrary, they tend to adopt those ideas promulgated by the professional intellectual classes, the professional dealers in ideas. Now, throughout history, as we shall see further below, despots and ruling elites of States have had far more need of the services of intellectuals than have peaceful citizens in a free society. For States have always needed opinion-moulding intellectuals to con the public into believing that its rule is wise, good, and inevitable; into believing that the “emperor has clothes."

nostr:nevent1qqswluaq7wz53mhuwnt9xs7n50jgajcvs2w2gyl7ceaaujfdtpr0ngcpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzq5vfscsw3mwdz8jp8y7jglg4drttgump4etd45c46axdaq39urlfqvzqqqqqqyagklda


Do not give in to evil, but proceed ever more boldly against it.

— Ludwig von Mises


"The American government has not only coercively restricted our own autonomy but also inflicted upon us constraints that disconnect us from full use of speculative reasoning, as it has decided our personal ethics for us to better direct our actions as they see fit. Through the government’s overprioritization of practical knowledge and elimination of speculative knowledge in our educational systems and society, we the people are left ignorant and divorced from our own free will."

https://mises.org/mises-wire/murray-rothbard-understood-importance-self-ownership


The Fed knows it must resume money printing soon or face catastrophe.

This recent aggression towards #Bitcoin developers is meant to shake out HODLers before that happens. Don’t fall for it. https://image.nostr.build/89377d393f5e4664b1a3a3c5e98d920b524ce7f86e56b34cd56fbfdd48d912c2.jpg https://image.nostr.build/dfde07297dae79edb72ebdf98b2975a05412a2032507664d1c54293e711a6d87.jpg https://image.nostr.build/264a139ee8ec60cddeb259327685cd81afb4383e266b89fa7dea6b326166296f.jpg


KYC


Could it be one of the free blue checks that were given out to any account with more than 2,500 verified followers?


nostr:npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6mak
https://image.nostr.build/2d5fefac0e390436c36a3279554ed21272a9291ad8075746a9e38b79ea0b7156.jpg


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https://image.nostr.build/0237e6ee845c227319e0eb02118d46b87eab45d020973c5e420e4729440f148b.jpg


ITS TIME FOR THE UNCLE JIMS TO RISE TO THE OCCASION

#Bitcoin  #Lightning https://i.nostr.build/aQPj6.jpg


nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
https://image.nostr.build/05d62a2e5576a000fd8f54715c4d83c2023ea8461e6b47edfc2dfcc6b401e0f5.jpg


If you hold on to the vision of any value you love — your mind, your work, your wife or husband, or your child — and remember that that is what the enemy is after, your shudder of rebellion will give you the moral fire, the courage and the intransigence needed in this battle.

~ Ayn Rand


The rationality of the free market lies not in achieving some optimal or efficient state but in its ability to coordinate decentralized knowledge, drive innovation, and adapt to changing conditions. The market process, with its inherent uncertainty and creative destruction, ensures that resources are allocated efficiently over time, even if individual outcomes may not always be rational or optimal.


The primary social evil of our time is lack of respect for self-ownership rights. It is what underlies both private crime and institutionalized crime perpetrated by the state. State laws, regulations, and actions are objectionable just because the state is claiming the legal right to control how someone's body is to be used.

After all, although self-ownership is more fundamental than rights in external resources -- one must own oneself, one's body, in order to own other things -- self-ownership is rendered meaningless if the right to own private property in external resources is not also respected. This is why Murray Rothbard insisted that all "human rights" are property rights: that is, ownership rights in scarce resources, whether self-ownership rights in one's body, or property rights in external objects.

~ Stephan Kinsella


And if it doesn't scale?


 The Influencer Super Cycle | Bugle Weekly Episode 5

https://www.fountain.fm/episode/4ipKc1S0ppSsfcTEHtZd


Accordingly, anyone who is not an anarchist must maintain either: (a) aggression is justified; or (b) states (in particular, minimal states) do not necessarily employ aggression.

Proposition (b) is plainly false. States always tax their citizens, which is a form of aggression. They always outlaw competing defense agencies, which also amounts to aggression. (Not to mention the countless victimless crime laws that they inevitably, and without a single exception in history, enforce on the populace. Why minarchists think minarchy is even possible boggles the mind.)

As for (a), well, socialists and criminals also feel aggression is justified. This does not make it so. Criminals, socialists, and anti-anarchists have yet to show how aggression — the initiation of force against innocent victims — is justified. No surprise; it is not possible to show this. But criminals don’t feel compelled to justify aggression; why should advocates of the state feel compelled to do so?

Conservative and minarchist-libertarian criticism of anarchy on the grounds that it won’t "work" or is not "practical" is just confused. Anarchists don’t (necessarily) predict anarchy will be achieved — I for one don’t think it will. But that does not mean states are justified.

~ Stephan Kinsella


Utilitarian replies like "but we need a state" do not contradict the claim that states employ aggression and that aggression is unjustified. It simply means that the state-advocate does not mind the initiation of force against innocent victims — i.e., he shares the criminal/socialist mentality. The private criminal thinks his own need is all that matters; he is willing to commit violence to satisfy his needs; to hell with what is right and wrong. The advocate of the state thinks that his opinion that "we" "need" things justifies committing or condoning violence against innocent individuals. It is as plain as that. Whatever this argument is, it is not libertarian. It is not opposed to aggression. It is in favor of something else — making sure certain public "needs" are met, despite the cost — but not peace and cooperation. The criminal, gangster, socialist, welfare-statist, and even minarchist all share this: they are willing to condone naked aggression, for some reason. The details vary, but the result is the same — innocent lives are trampled by physical assault. Some have the stomach for this; others are more civilized — libertarian, one might say — and prefer peace over violent struggle.

As there are criminals and socialists among us, it is no surprise that there is a degree of criminal-mindedness in most people. After all, the state rests upon the tacit consent of the masses, who have erroneously accepted the notion that states are legitimate. But none of that means the criminal enterprises condoned by the masses are justified.

It’s time for libertarians to take a stand. Are you for aggression, or against it?

~ Stephan Kinsella


Consider an analogy. Conservatives and libertarians all agree that private crime (murder, robbery, rape) is unjustified, and "should" not occur. Yet no matter how good most men become, there will always be at least some small element who will resort to crime. Crime will always be with us. Yet we still condemn crime and work to reduce it.

Is it logically possible that there could be no crime? Sure. Everyone could voluntarily choose to respect others’ rights. Then there would be no crime. It’s easy to imagine. But given our experience with human nature and interaction, it is safe to say that there will always be crime. Nevertheless, we still proclaim crime to be evil and unjustified, in the face of the inevitability of its recurrence. So to my claim that crime is immoral, it would just be stupid and/or insincere to reply, "but that’s an impractical view" or "but that won’t work," "since there will always be crime." The fact that there will always be crime — that not everyone will voluntarily respect others’ rights — does not mean that it’s "impractical" to oppose it; nor does it mean that crime is justified. It does not mean there is some "flaw" in the proposition that crime is wrong.

Likewise, to my claim that the state and its aggression is unjustified, it is disingenuous and/or confused to reply, "anarchy won’t work" or is "impractical" or "unlikely to ever occur." The view that the state is unjustified is a normative or ethical position. The fact that not enough people are willing to respect their neighbors’ rights to allow anarchy to emerge, i.e., the fact that enough people (erroneously) support the legitimacy of the state to permit it to exist, does not mean that the state, and its aggression, are justified.

~ Stephan Kinsella


Libertarian opponents of anarchy are attacking a straw man. Their arguments are usually utilitarian in nature and amount to "but anarchy won’t work" or "we need the (things provided by the) state." But these attacks are confused at best, if not disingenuous. To be an anarchist does not mean you think anarchy will "work" (whatever that means); nor that you predict it will or "can" be achieved. It is possible to be a pessimistic anarchist, after all. To be an anarchist only means that you believe that aggression is not justified, and that states necessarily employ aggression. And, therefore, that states, and the aggression they necessarily employ, are unjustified. It’s quite simple, really. It’s an ethical view, so no surprise it confuses utilitarians.

~ Stephan Kinsella


Price deflation under sound money is nothing more than a result of real growth in the economy that occurred in the past.

It's a thermometer, not the weather.
#Bitcoin


But who owns what scarce resource as his private property and who does not? First: Each person owns his physical body that only he and no one else controls directly (I can control your body only in-directly, by first directly controlling my body, and vice versa) and that only he directly controls also in particular when discussing and arguing the question at hand. Otherwise, if body-ownership were assigned to some indirect body-controller, conflict would become unavoidable as the direct body-controller cannot give up his direct control over his body as long as he is alive; and in particular, otherwise it would be impossible that any two persons, as the contenders in any property dispute, could ever argue and debate the question whose will is to prevail, since arguing and debating presupposes that both, the proponent and the opponent, have exclusive control over their respective bodies and so come to the correct judgment on their own, without a fight (in a conflict-free form of interaction).

And second, as for scarce resources that can be controlled only indirectly (that must be appropriated with our own nature-given, i.e., un-appropriated, body): Exclusive control (property) is acquired by and assigned to that person, who appropriated the resource in question first or who acquired it through voluntary (conflict-free) exchange from its previous owner. For only the first appropriator of a resource (and all later owners connected to him through a chain of voluntary exchanges) can possibly acquire and gain control over it without conflict, i.e., peacefully. Otherwise, if exclusive control is assigned instead to latecomers, conflict is not avoided but contrary to the very purpose of norms made unavoidable and permanent.

- Hans Herman Hoppe

https://mises.org/library/book/realistic-libertarianism


"The precedent this can set going forward for all self-custodial tools is completely insane, and not something that can be allowed to happen. Twitter feud bullshit and old drama does not matter right now, the reality of the insane overreach the United States government does.

If you haven’t already grown up, now would be a good time to do so. The serious issues like this we are going to deal with moving forward into this cycle are infinitely more important than stupid Twitter drama."

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

https://bitcoinmagazine.com/legal/samourai-did-nothing-wrong-self-custodial-tools-are-not-money-transmitters


Civilization is the progress toward a society of privacy. The savage’s whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men.

~ Ayn Rand


Do not make the mistake of the ignorant who think that an individualist is a man who says: “I’ll do as I please at everybody else’s expense.” An individualist is a man who recognizes the inalienable individual rights of man—his own and those of others.

An individualist is a man who says: “I will not run anyone’s life—nor let anyone run mine. I will not rule nor be ruled. I will not be a master nor a slave. I will not sacrifice myself to anyone—nor sacrifice anyone to myself.”

~ Ayn Rand


Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn't want the whole world to know, but a secret matter is something one doesn't want anybody to know. Privacy is the power to selectively reveal oneself to the world.

https://www.activism.net/cypherpunk/manifesto.html


"the chief task of the rulers is always to secure the active or resigned acceptance of the majority of the citizens.

For the masses of men do not create their own ideas, or indeed think through these ideas independently; they follow passively the ideas adopted and disseminated by the body of intellectuals. The intellectuals are, therefore, the “opinion-molders” in society. And since it is precisely a molding of opinion that the State most desperately needs, the basis for age-old alliance between the State and the intellectuals becomes clear.”

- Rothbard

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😁
https://media.tenor.com/pQKpuY8fWVgAAAAM/school-of-rock-jack-black.gif


Dmitry Nedospasov is a PhD in Chip Security, also known for his hardware wallet exploits in 2018 with the wallet.fail talk. Dmitry joins me to talk about hardware security in the world of bitcoin and how it compares with hardware chip security in other domains

https://stephanlivera.com/episode/566/


If you wear pants you are an advocate for privacy.


I keep seeing people posting “privacy is not a crime,” but unfortunately that’s not true. Privacy SHOULDN’T be a crime in the U.S., but it has been criminalized from the start, despite the 4th Amendment.

The government has continuously encroached on and criminalized privacy over the years. And even if something isn’t explicitly illegal, it doesn’t matter. The government has never and will never follow their own rules. They will do whatever they want with impunity. The state never follows their own rules, they are above the law. Only occasionally will they get a small slap on the wrist if there is a cross-agency disagreement.

The only long term solution is abolishing the state and abiding by the non-aggression principle.


Bitcoin Audible Read_815 - What are Mises's Six Lessons

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🤙

https://fountain.fm/episode/sJiFa8CcbIpvmokbpC7d


nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv
https://image.nostr.build/a3a2a7b45fad8c99e0dbb5d6b24ac2e2644ae222b98e0b822c78fb1c8f601aef.jpg


The compliance-driving hypnotists will tell you we must ask permission from our local governing offices for an embracement of bitcoin. So that we can pay our taxes in bitcoin and service our legal debts.

Bitcoin is a tool of empowerment and Bitcoin is for enemies. Well, now our enemy, the state, is empowered, and their regulatory goons are barking like wolves at the gate. We must stay clever, and arm ourselves with the rhetoric needed for the oncoming onslaught against those that dare to build tools that threaten the spellings of the state.

Writing code is not a crime.

https://bitcoinmagazine.com/legal/the-state-of-things-open-source-developers-arrested-for-writing-code


The entire developed world tax apparatus that was built in the 20th century and extends into the 21st century depends on ubiquitous financial surveillance.

They are not going to give that up without a fight. I have been saying at a number of conferences and podcasts that privacy is the main battleground for the next decade.

Back in the 19th century and before, money was mostly private. There were plenty of dictators but there was no major method of surveilling all transactions. Therefore things like broad income taxes were untenable to enforce.

But in the 20th century as money increasingly moved around at the speed of light, people needed bank accounts to keep up. It wasn’t all forced on them; they chose it. And those bank accounts were centralized, surveillable, and ruggable.

This allowed authorities to switch to income taxes, which require ubiquitous financial surveillance to work. And ultimately it allowed them to switch to fiat currency altogether.

Now in the 21st century, Bitcoin and its various layers allow people to hold and move around money globally without permissioned banks. They can do so peer to peer, or they can do so with custodians and open layers, etc. Unlike the base layer of fiat, the base layer of bitcoin is permissionless.

But this represents a threat to the entire current system of taxation and financial control. If bitcoin and particularly various private methods on top of it were to be adopted at massive scale, the entire tax structure and other things would need to reshape themselves around that reality. And so they won’t make it easy; they will try to criminalize financial privacy as much as possible while the network is still pretty small.

The only solutions are to 1) make privacy tech so ubiquitous that it can’t be isolated and can spread organically in a distributed way and 2) to apply legal pressure when possible so that governments sort of have to operate within the bounds of their own law, like the 1st and 4th amendments.


This is what regulatory clarity looks like.


#Bitcoin privacy is under attack, but you guys are freaking out over jpgs.


Samourai Wallet Founders Arrested and Charged With Money Laundering

They will forcibly understand that a company cannot offer privacy.

https://www.coindesk.com/policy/2024/04/24/samourai-wallet-founders-arrested-and-charged-with-money-laundering/


Libertarianism realizes that only the self-ownership rule is universalizable and compatible with the goals of peace, cooperation, and conflict avoidance. We recognize that each person is prima facie the owner of his own body because, by virtue of his unique link to and connection with his own body -- his direct and immediate control over it -- he has a better claim to it than anyone else.

~ Stephan Kinsella


"The libertarian creed rests upon one central axiom: that no man or group of men may aggress against the person or property of anyone else. This may be called the "nonaggression axiom." "Aggression" is defined as the initiation of the use or threat of physical violence against the person or property of anyone else. Aggression is therefore synonymous with invasion." - Rothbard

In other words, libertarians maintain that the only way to violate rights is by initiating force that is, by committing aggression. (Libertarianism also holds that, while the initiation of force against another person's body is impermissible, force used in response to aggression -- such as defensive, restitutive, or retaliatory/punitive force -- is justified. Now in the case of the body, it is clear what aggression is: invading the borders of someone's body, commonly called battery, or, more generally, using the body of another without his or her consent. The very notion of interpersonal aggression presupposes property rights in bodies -- more particularly, that each person is, at least prima facie, the owner of his own body.

Non-libertarian political philosophies have a different view. In these systems, each person has some limited rights in his own body, but not complete or exclusive rights. Society or the state, purporting to be society's agent, has certain rights in each citizen's body, too. This partial slavery is implicit in state actions and laws such as taxation, conscription, and drug prohibitions. The libertarian says that each person is the full owner of his body: he has the right to control his body, to decide whether or not he ingests narcotics, joins an army, pays taxes, and so on. Those various non-libertarians who endorse any such state prohibitions, however, necessarily maintain that the state, or society, is at least a partial owner of the body of those subject to such laws -- or even a complete owner in the case of conscriptees or non-aggressor "criminals" incarcerated for life or executed.

Libertarians believe in self-ownership. Non-libertarians -- statists -- of all stripes advocate some form of slavery.

~ Stephan Kinsella


Libertarians tend to agree on a wide array of policies and principles. Nonetheless it is not easy to find consensus on what libertarianism's defining characteristic is, or on what distinguishes it from other political theories and systems.

Various formulations abound. It is said that libertarianism is about: individual rights; property rights; the free market; capitalism; justice; the nonaggression principle. Not all these will do, however. Capitalism and the free market describe the catallactic conditions that arise or are permitted in a libertarian society, but do not encompass other aspects of libertarianism. And individual rights, justice, and aggression collapse into property rights. As Murray Rothbard explained, individual rights are property rights. And justice is just giving someone his due -- which, again, depends on what his rights are.

The nonaggression principle is also dependent on property rights, since what aggression is depends on what our (property) rights are. If you hit me, it is aggression because I have a property right in my body. If I take from you the apple you possess, this is trespass, aggression, only because you own the apple. One cannot identify an act of aggression without implicitly assigning a corresponding property right to the victim.

So, as descriptive terms for our political philosophy, capitalism and the free market are too narrow, and justice, individual rights, and aggression all boil down to, or are defined in terms of, property rights.

What of property rights, then? Is this what differentiates libertarianism from other political philosophies -- that we favor property rights, and all others do not? Surely such a claim is untenable. After all, a property right is simply the exclusive right to control a scarce resource -- what I often refer to now as conflictable resources. Property rights specify which persons own -- have the right to control -- various scarce resources in a given region or jurisdiction. Yet everyone and every political theory advances some theory of property. None of the various forms of socialism deny property rights; each socialism will specify an owner for every scarce resource. If the state nationalizes an industry it is asserting ownership of these means of production. If the state taxes you, it is implicitly asserting ownership of the funds taken. If my land is transferred to a private developer by eminent domain statutes, the developer is now the owner. If the law allows a recipient of racial discrimination to sue his employer for a sum of money -- he is the (new) owner of the money. If the state conscripts someone, or imprisons them as the penalty for refusing to serve in the military, or for failure to pay taxes, or for using illegal narcotics, then the state is claiming legal ownership of the person's body.

Protection of and respect for property rights is thus not unique to libertarianism. Every legal system defines and enforces some property rights system. What is distinctive about libertarianism is its particular property assignment rules its view as to who is the owner of each contestable, conflictable resource, and how to determine this.

- Stephan Kinsella


All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.

- Ludwig von Mises


Renato Moicano Cares About His Country More Than Sohrab Ahmari

https://fountain.fm/episode/qPB00lpMsv3nB32263dm


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_084 - Fiat Finance

https://fountain.fm/episode/0mPe87a9FOWQoHIPFytU


A Message from the Great Dr. Ron Paul

https://fountain.fm/episode/CKq3ONGKk5br5OKin3Jz


The question as to what is justice and what constitutes a just society is as old as philosophy itself. Indeed, it arises in everyday life even long before any systematic philosophizing is to begin.

All throughout intellectual history, one prominent answer to this question has been to say that it is “might” that makes “right.” Or more specifically: that what is right or wrong, just or unjust, is unilaterally decreed by a State qua territorial monopolist of violence. The self-contradictory nature of this “decisionist” position, i.e. of “legal positivism,” comes to light once we ask its proponents for a reason or evidence as to why we should believe the proposition that “might makes right” to be true and correct. By virtue of providing any such reason or evidence, however, and thus seeking—ultimately—unanimous agreement regarding the validity of the proposition in question, any such proponent implicitly acknowledges the presence of other reasonable and sensible persons and, importantly, that the question of right or wrong, true or not-true, then, is not a matter of “might” or “fiat,” but a question to be decided on the basis of common reason and experience instead. Yet reason and experience demonstrate, contrary to the proponent’s initial claim, that “might does not make right.” That “might is might” and “right is right,” but “no might can ever make a right.”

https://mises.org/mises-wire/foreword-legal-foundations-free-society


How Court Historians Turn Political Villains into Heroes

https://fountain.fm/episode/nSVIlyMcSavFgZc5E4yh


Seditious Conspiracy: A Fake Crime and a Danger to Free Speech

https://mises.org/podcasts/censorship-and-official-lies-end-truth-america/seditious-conspiracy-fake-crime-and-danger-free-speech

https://fountain.fm/episode/U1d3kUEt3Xf8JqGT8NQ9


I sat down with nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv
 and Mark Goodwin to discuss the carbon credit coup that is being rolled out over the next few months.

The coup combines all of the nauseating buzzwords, carbon capture, smart contracts, and earth observation.

Must watch.

https://www.youtube.com/watch?v=_trBBunj2WI


Bitcoin Audible Read_814 - Dogma Kills Brain Cells ( nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde )

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🤙

https://fountain.fm/episode/bhAmq5PmRmmLy70epd47


GM

I made this election guide to save you time

https://image.nostr.build/4e51d11f5e359f46c9cbd3fe857b5ca9bd98ce8685a3a9fc88df0a69dd35addd.png


Murphy Updates His Economic Outlook for the US

https://fountain.fm/episode/RVb4NtBwKzUzA1w2FyCb

https://www.infineo.ai/articles/economic-outlook-for-the-us


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https://image.nostr.build/e5783b8d062777cee995778979705d2ea70ca0fe6a9fa338113e3815ca8dc9d7.jpg


Bitcoin Audible Read_813 - Mises's Regression Theorem, Bitcoin, and Subjective Value

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🤙

https://fountain.fm/episode/G9Fn6tJsx10SiiMJWHrh


Listen to Michael.
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🫂
https://media.tenor.com/DKiYw-i8a4UAAAAM/sirjasu.gif


The fact that some transactions are driven by arbitrary preferences rather than pure economic motives is a sign that there is currently an oversupply of blockspace relative to demand.

Transactions reflecting subjective values don't directly cause higher fees themselves. Higher demand relative to the inelastic supply is what drives fee increases through market pricing.

Those promoting "hyperbitcoinization" where Bitcoin is widely used must understand that successfully increasing demand while supply is constrained will necessarily lead to higher prevailing fees. Advocating for both universal adoption and low fees is inconsistent.

Lower fees require demand to be comfortably below the level of supply. Wanting widespread use of Bitcoin while also demanding low fees defies economic principles of supply and demand. As a scarce resource, blockspace will be priced accordingly by the market. The only way for low fees to persist is if demand cools off.