"The State's ultimate advantage lies in what's known as the ratchet effect—a social mechanism used to diminish individual freedoms during crises by implementing supposedly temporary measures of authority that frequently persist long after the crisis has passed. This technique serves as the blueprint for unchecked growth in State power."

https://bitcoinmagazine.com/culture/state-adoption-a-trojan-horse-challenging-core-tenets-of-personal-liberty?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share


Tomorrow, I will be at the Milwaukee Bitcoin meetup. Great location and service. Also, a great place for presenting. The MKE bitcoiners are a knowledgeable and passionate group. If you are close by you won't regret coming to check it out.
nostr:nevent1qqspt7rgw0lrm08vjsfasncsj6w426jhgyq562wxptc29q9xl85jt7spr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgs964yyepyk02krnpkd2y403hxa2fpn6zgp4kamty3kqyvgg2p658srqsqqqqqpp9prpu


SLP526 @NVK of Coinkite - Don’t Lose Your Coins

NVK joins me to talk:

How do you prevent loss of your coins?
What are some critical steps that are commonly missed?
Q
Satslink device
Tapsigner
FROST & miniscript

https://stephanlivera.com/episode/526/


Economics is not about things and tangible material objects; it is about men, their meanings, and actions. Goods, commodities, and wealth and all the other notions of conduct are not elements of nature; they are elements of human meaning and conduct. He who wants to deal with them must not look at the external world; he must search for them in the meaning of acting men.

- Mises


"A reality check on the limitations of Lightning Network, and what that means in terms of its long term viability. No, it's not doomed, but it probably won't be used the way you expected it to be."

https://bitcoinmagazine.com/technical/lightning-is-doomed


Status:

 https://media.tenor.com/E1DdqMvKFn8AAAAM/goku-dragon-ball.gif

nostr:nevent1qqsv5e7yehd2ufrhwepnesdgjwuf8lm0pg5rkdufju0hrev4qcvxvegpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpgc3lr9z8u9chsyd6ndmqva8urg6n2mnp4uj2qfwtnhr8skjm9ysqvzqqqqqqy6gnes2


The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. —GEORGE BERNARD SHAW


What if, instead of a direct ban on Bitcoin, the State employed subtle and indirect strategies to manipulate or even co-opt it, ultimately achieving the same goal of rendering it ineffective or worse, a tool for State control?
https://bitcoinmagazine.com/culture/state-adoption-a-trojan-horse-challenging-core-tenets-of-personal-liberty


Powerful information flows, a self-constructed theory of life based off extensive research of topics spanning numerous disciplines, and the power of autistic attention to detail are the State’s worst enemies this decade.

https://bitcoinmagazine.com/culture/state-adoption-a-trojan-horse-challenging-core-tenets-of-personal-liberty

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


‚With each passing day, Bitcoin's resilience and antifragility grow deeper into mainstream society.‘

https://bitcoinmagazine.com/culture/state-adoption-a-trojan-horse-challenging-core-tenets-of-personal-liberty


Count your blessings


🦃

https://media.tenor.com/dDiNgGEUI7kAAAAM/mortal-kombat-started.gif


Though the road is arduous, our principles today can secure financial sovereignty for generations to come. Let us carry the torch of individual liberty so its light may one day illuminate a just world, where Bitcoin fulfills its purpose as independent, peer-to-peer money for all, unfettered by censorship or authoritarian control. Our actions today shape the economic emancipation of tomorrow.

nostr:nevent1qqs0xp8xruugv6wdlak2ks3d28uulklkkgw2wkvu0cn8kyzu08tpz5qpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgatd8su


https://fountain.fm/episode/jGkS3xW8XphruIZUCNHt

And after Preston and Jeff Booth, it's time for the new episode of #Bitcoin Audible and some exercise.. it's a great day! 💪
Thanks nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev


The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction

Audible by Guy Swann:

https://podcasts.apple.com/us/podcast/bitcoin-audible/id1359544516?i=1000635423601

Article by Michael Matulef:

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

#bitcoin
#nostr
#mises


Great morning read ☕

The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers a compelling and alternative perspective. -- Michael Matulef

The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction
https://mises.org/wire/inevitable-bust-why-economic-booms-contain-seeds-their-own-destruction


As interventionist policies persistently erode the value of fiat currency, the State, grappling with an existential threat, will fiercely endeavor to maintain its facade of authority. This will involve heightened efforts to shape public perception and resorting to draconian measures to retain control. During crises, the State historically manufactures consent, and in its desperation, even co-opting Bitcoin to serve as a tool for State control might emerge as a conceivable outcome. We should not be so quick to cheer on the State's adoption of Bitcoin if it comes with strings attached.

nostr:nevent1qqs0xp8xruugv6wdlak2ks3d28uulklkkgw2wkvu0cn8kyzu08tpz5qpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgatd8su


If the government's ability to ban Bitcoin is constrained, what alternative strategies might it employ to undermine or co-opt the network?

What if, instead of a direct ban on Bitcoin, the State employed subtle and indirect strategies to manipulate or even co-opt it, ultimately achieving the same goal of rendering it ineffective or worse, a tool for State control?

nostr:nevent1qqs0xp8xruugv6wdlak2ks3d28uulklkkgw2wkvu0cn8kyzu08tpz5qpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgatd8su


https://bitcoinmagazine.com/culture/state-adoption-a-trojan-horse-challenging-core-tenets-of-personal-liberty
Great piece from nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz which poses an alternative view on the ossification debate among other things. nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu where are the nostr links? I’m only seeing Twitter Facebook Reddit etc.


State Adoption: A Trojan Horse Challenging Core Tenets of Personal Liberty

My latest from nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu

https://bitcoinmagazine.com/culture/state-adoption-a-trojan-horse-challenging-core-tenets-of-personal-liberty


The Tom Woods Show Ep. 2417 Could Trump Win as a Felon? and Other Questions from 2023 America

https://fountain.fm/episode/W4Dnl3QZxxnCGxcnaHE0


After a bit of a hiatus, Bitcoin.Review is finally back with a new episode! 💥

It's been a while so you know what that means... an extra long list to put you to sleep with GUARANTEED effectiveness. 🥱

BR055 - Sparrow, SATSLINK, Vulnerability Hell (RPI, ESP32,26₿ gone)+MORE, Craig Raw, Odell, Rijndael

Youtube: https://youtu.be/5h6_EJeypu8
Notes: https://bitcoin.review/podcast/episode-55/

👆🎧 @nvk discusses the dangers of the new Raspberry Pi 5 unique ID when using the device for #bitcoin

Links to platforms:
Fountain: https://tinyurl.com/34wr8wv4
Spotify: https://tinyurl.com/2xsnr5e2
Google: https://tinyurl.com/5bv8zecm
Apple: https://tinyurl.com/4xcameta
Amazon: https://tinyurl.com/2kpfpr8e


This is going to be a fantastic meetup! Don't miss it.
nostr:nevent1qqspt7rgw0lrm08vjsfasncsj6w426jhgyq562wxptc29q9xl85jt7spz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqs5wu0d0


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's  Take_074 - Banks Without Bankers

https://fountain.fm/episode/fSdow9EP8UHOCckQ8H8A


"By not engaging in any other aspect of mining beyond hashing blocks constructed by pools, Bitcoin miners have largely abdicated a critical component of their role. The fact that this is not only possible but also the path of least resistance indicates that we have a systemic issue."

https://bitcoinmagazine.com/technical/are-mining-pools-becoming-a-problem-


https://fountain.fm/episode/jGkS3xW8XphruIZUCNHt

Great article by nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz read by the one and only nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev


nostr:npub1f5pre6wl6ad87vr4hr5wppqq30sh58m4p33mthnjreh03qadcajs7gwt3z

https://image.nostr.build/eac6e2f768552e942b94b3e0983f19795f88ab91bfcc90f647b97e79990b8ef6.jpg

https://www.meetup.com/milwaukee-bitcoin-meetup/events/297121169/


Mises on the History of Warfare

"The market economy involves peaceful cooperation. It bursts asunder when the citizens turn into warriors and, instead of exchanging commodities and services, fight one another."

Warmaking causes man to become animalistic: “What distinguishes man from animals is the insight into the advantages that can be derived from cooperation under the division of labor.” The international division of labor both produces and is the product of peace.

The philosophy of liberalism, which champions the division of labor, is incompatible with “statolatry,” “the counterfeit theology of the divine state.” Those who worship this false god must reckon with the terrible consequences of its evil wars. “Modern war is merciless, it does not spare pregnant women or infants; it is indiscriminate killing and destroying. It does not respect the rights of neutrals. Millions are killed, enslaved, or expelled from the dwelling places in which their ancestors lived for centuries.”

https://mises.org/wire/mises-history-warfare#:~:text=Thus%2C%20Mises%20concludes%3A%20%E2%80%9CWhat,what%20drives%20modern%20total%20war.

https://fountain.fm/episode/MKA38NDVoAzIdLvUIk5D


Newest Bitcoin Audible pod by nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev  reading a piece my nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz describing the Austrian business cycle theory and the nature of the boom/bust. And as always Guy does a little ranting!!🤣🤣

https://fountain.fm/episode/jGkS3xW8XphruIZUCNHt


At base level, all anarchism claims to do is to resolve one major problem in interpersonal relationships: the forceful interjection of the state. Curing cancer would make things a lot better for many people. Yes, there would be costs: oncologists would be out of work, and cancer researchers would need new subjects to explore. An anarchist world would still have murderers, and thieves, and evil men and women. It simply wouldn't put them in a position to enforce their evil on everyone else via getting elected and decreeing the law.

Michael Malice


It is impossible to have a radical philosophy without at first sounding like a lunatic or a moron. One of the reasons for this is that most radical philosophies are lunacy, and the rest for the most part are moronic. To proclaim earnestly that This, the status quo, doesn't just need tweaks or massive changes but a fundamental reorganization is an enormously high task to argue for. It's akin to discussing a friend and mentioning that he's very tall. One can perhaps push the envelope with an eight-foot-tall friend. But to claim someone is, say, twenty feet tall or apple feet tall simply wouldn't make any sense. The listener would have no frame of reference to even approximate what was meant to be said. This is what a society without the state sounds like to most people, for they have taken the legitimacy of government for granted all of their lives. An alternative is incomprehensible.


https://fountain.fm/episode/jGkS3xW8XphruIZUCNHt
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev is getting serious 🥷


SLP525 Bob Burnett - Bitcoin’s Blocksize Scarcity

Bob  joins me to talk:

-Blockspace scarcity and explanation
-UTXO management
-Different types of miner
-Miner’s Trilemma
-Mining NOT being a leverage play on Bitcoin
-Core Scientific bankruptcy

https://stephanlivera.com/episode/525/

https://m.primal.net/HQFK.webp


How Statism Leads to War | Human Action Podcast

https://fountain.fm/episode/TUX1o2CMNrQD8qbbDsLm


Economic Science and the Austrian Method with nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y  (WIM390)

https://fountain.fm/episode/ZhpCapkKYjudt8W2z6LA


🚨 The next #Chicago #Bitdevs is going to be on December 14 ! The last one in 2023 ! As tradition goes on big bottle of champagne and 🍊 on me 😁
RSVP 👇
https://meetu.ps/e/M8LS7/NyGyt/i https://image.nostr.build/3e40617caf9f73858827aa9900ed1f2421dbdeb5aeb5b0e199692c896be6c6ea.jpg


The right to self-ownership and self-determination.


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_777 - The Inevitable Bust

Thank you for the support nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🫂

https://fountain.fm/episode/jGkS3xW8XphruIZUCNHt


The Anarchist shouldn't fight the minarchist when they both live under the rule of a leviathan State.


I think there can be politicians like Ron Paul that ran on the practical grounds of playing defense against the growth of the State, advocating for shrinking the State substantially and ending the Fed.

Yes politics is antithetical to liberty, but if a politician succeeds in drastically shrinking the size of the State I can't help but be somewhat sympathetic.

The Anarchist shouldn't fight the minarchist when they both live under the rule of a leviathan State.


State adoption will be the State's attack on Bitcoin

nostr:nevent1qqspj26tvlhvuzmajn2zqgs20sxquuxcsdhr3ns0ks7qlhyc2rmktvcpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyq4m4nj48mlt7kxa2kgjz60e9sgj86mpy8tm5zf0d3gpqjhuxxkw7qcyqqqqqqg25yyaq


Most people do not care about ideological opposition to the State. Pump their bags and they will submit.

nostr:nevent1qqs2u0r942gfzwac2la48e520advlffrqema2mhjhemptn8wsrt6r6spzdmhxue69uhk7enxvd5xz6tw9ec82c30qgs286ef249ayl720aflvcnjuja4n5rx7te3wzx0xs25pj6898aassgrqsqqqqqp5tdt0n


BREAKING: Lightning channel management costs highly correlated with Bitcoin fees, experts say.


Sorry carnivores, but freshly made croissants are some of the best tasting things in the world.

nostr:nevent1qqsrw4zkcp9jxs9cq3a88rm7znakeu2tukyzvmz3jjanc09qyp3ramspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpgc3lr9z8u9chsyd6ndmqva8urg6n2mnp4uj2qfwtnhr8skjm9ysqvzqqqqqqylxzday


The Fed and the Fate of the Dollar | Bob Murphy

https://youtu.be/5fNsioDJxxs?si=WseSAHKOA-8Rc9Xh


nostr:npub139nl9yxvwayl60fr97m3zrq9md6x5v0uup344mkyuyg6mzlusyxs4zkwf4

https://image.nostr.build/885d4b3b453a4a7eac3f16e7993c1be3ab5bbcbc5c77d1fc7f90b731655e82c8.jpg


I'm usually on the toilet when I browse Nostr anyway, so it's fine 🤙


The State is a grandly orchestrated system of robbery, legitimizing and magnifying theft on a societal scale. It stands in direct opposition to human prosperity and the advancement of civilization.

nostr:nevent1qqs9f2ehkuvjnsxw0v3ynn7mdneg5tgtsgg93vxk76j9vnqpspy7plcpremhxue69uhhyetvv9ujucnfw33k76twv96kg6tzd3jjucm0d5pzp3yw98cykjpvcqw2r7003jrwlqcccpv7p6f4xg63vtcgpunwznq3qvzqqqqqqyjwnm4a


Good ideas don't require force

https://image.nostr.build/5e0fc5ac02a9afe1b4605183149738f848bfab96b15cb20ede324c03dc2b2c52.jpg


fee burden remains a difficult concept to explain to users in high fee environments
https://m.primal.net/HQat.png


In darkness, be a light. In despair, be hope.

nostr:nevent1qqst76km56y7qpy7sltswl7s92eg572crm9jwv78euawtxw5lw9vseqprpmhxue69uhkummnw3ezuendwsh8w6t69e3xj730qgsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncrqsqqqqqp0apyvx


For 30+ years low interest rates incentivized more & more debt — debt servicing costs were almost an afterthought.

“More debt isn’t a problem” was a common mantra.

Oops…sh*t got really expensive really quick. https://image.nostr.build/baa38d1089758c7e80bbd1435b7f35ade4ff8be5cbf8ebe3cb05c8a7726fc33b.jpg


nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq #279: Momentum is Building

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
🤙

https://fountain.fm/episode/qUGjSx4Dr4NieWb058vO


If there were no scarcity in the world, human conflicts or more precisely physical clashes would be impossible. Interpersonal conflicts are always conflicts concerning scarce things. I want to do A with a given thing and you want to do B with the same thing. Because of such conflicts--and because we are able to communicate and argue with each other--we seek out norms of behaviour with the purpose of avoiding these conflicts. The purpose of norms is conflict-avoidance. If we did not want to avoid conflicts, the search for norms of conduct would be senseless. We would simply fight and struggle.

Absent a perfect harmony of all interests, conflicts regarding scarce resources can only be avoided if all scarce resources are assigned as private, exclusive property to some specified individual or group of individuals. Only then can I act independently, with my own things, from you, with your own things, without you and me clashing.

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. And second, as for scarce resources that can be controlled only indirectly (that must be appropriated with our own nature- given, i.e., unappropriated, 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.

If you want to live in peace with other people and avoid all physical clashes and, if such clashes do occur, seek to resolve them peacefully, then you must be an anarchist or more precisely a private property anarchist, an anarcho-capitalist, or a proponent of a private law society.

Hans Herman Hoppe


If you can become aware of the miraculousness which I symbolize, you can help save the freedom mankind is so unhappily losing.

https://youtu.be/IYO3tOqDISE?si=DfpHWr2h_kgCwFrO

nostr:nevent1qqsqzenkn82xhhk8mhn52qgpucr2rhc7y7xr3mgry6e58qxp7qeqd2gpzpmhxue69uhkummnw3ezuamfdejsyg8vn8ku24n7q2q4lv2syq59utag8yynrnklt8yr66ajchmwu9fshypsgqqqqqqswne3xg


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_776 - Banks Without Bankers ( nostr:npub1m7fjc8z7t00jzrgkfm4kzvnv4chf04rq9ykpke0rpe0ke2kud24qmg0l4p )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/jugJLe04ZYUCJsPuZNKZ


Always fun hanging out talking ‘macro’ & bitcoin with frenz.

nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe,  nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z,  Greg Foss, w/ Luke Gromen jumping in on the back half. 🙏🍻

https://fountain.fm/episode/Wlj18Bh3dJFyogcbi1Km


mises.org: The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction -- https://tinyurl.com/2xx3378b -- The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers a compelling and alternative perspective. Austrian business cycle theory provides a profound understanding of how artificially inflated booms sow the seeds of their own destruction. Delving into the depth of this theory illuminates the inherently unsustainable nature of economic upswings driven by the availability of cheap credit and inflat #liberty #news


Austrian business cycle theory carries several critical implications that remain highly relevant today. First, it reveals how inflationary booms plant the seeds of future busts by massively distorting investment incentives and price signals economy-wide. When interest rates are artificially lowered, malinvestment spreads rapidly across all sectors, initiating unsustainable projects that lack real underlying profitability.

Second, the theory demonstrates that the subsequent bust is unavoidable and results directly from the distortions, malinvestment, and overconsumption inherent in the preceding boom. The bust is the necessary market correction to the artificial boom. This implies that policymakers cannot possibly prevent recessions by reflating busts with even more credit and stimulus as this will only pile new distortions upon old ones.

Third, the theory shows that there are no shortcuts around the bust. Liquidation of malinvestment and realignment of the production structure are necessary to restore the economy to stability and sustainable growth. An additional stimulus cannot circumvent this painful but curative process.

Fourth, the bust should be embraced or permitted to run its course as the economy’s natural healing process, not derided as the problem itself. The bust is the solution to, not the cause of, economic turbulence.

Finally, the Austrian framework proves that policies that aim to continually inflate booms inevitably cause tremendous harm. Cheap credit distorts pricing signals and incentives, leading to systemic misallocation of resources.

These lessons remain highly pertinent in the present day, as decades of ultraeasy money have possibly inflated the largest asset bubble in modern history. Policymakers face continued pressure to reflate the bubble to avoid economic fallout. Yet, Austrian theory offers a stark warning that market forces cannot be ignored perpetually. Artificially stimulated booms only set the stage for even harsher busts when the unavoidable correction finally culminates. Therefore, understanding the seeds of collapse inherently embedded in inflationary booms provides urgent insight into our precarious economic trajectory. Despite its political unpopularity, the economic downturn remains an inescapable presence on our journey, a path lined with reckless enthusiasm and the false promise of easily accessible credit.

nostr:nevent1qqsqdfg435r65t9ff8vhhnz9ksm33uluplut22vh6r9ufy7lqh7xqhcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqsgtnnfp


According to Austrian theory, systematically liquidating the unsound investments and errors made under the influence of monetary illusion is an unavoidable correction. To blindly blame the bust for exposing the economy’s excesses is akin to blaming the hangover rather than the intoxication. The distortions of the boom must be purged and the errors corrected.

Seeking to prevent the bust via renewed inflationary stimulus is much like avoiding sobriety after an unrestrained bender. The necessary correction will only grow more severe if continually postponed and amplified by additional distortions that keep fundamentally unsound ventures artificially alive. The recession serves as the natural corrective phase, aimed at reestablishing a foundation of sound economic principles following the prior era of misguided optimism induced by artificial credit expansion.

The bust plays an essential role in eliminating monetary distortions by realigning prices, closing unprofitable enterprises, and redirecting wasted resources into sectors genuinely aligned with consumer demands rather than allocated based on temporary monetary inflation. This painful but necessary process clears the way for balanced, sustainable growth founded on a framework of reality rather than fiscal intoxication and inflationary misallocation.

Policymakers often deride recessions as the source of economic problems and attempt to artificially resuscitate the economy via renewed inflation. Yet, according to Austrian theory, the bust is in fact the solution, not the problem itself. The true problem was the extensive distortions and malinvestment induced by the artificial boom. Efforts to continuously reinflate bubbles through monetary intervention only worsen matters enormously and plant the seeds for far more chaotic crises in the future when the correction is finally allowed to fully run its course.

nostr:nevent1qqsqdfg435r65t9ff8vhhnz9ksm33uluplut22vh6r9ufy7lqh7xqhcpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgz0axrp


The Austrian business cycle theory argues that efforts to artificially suppress interest rates below natural market levels fuel an unsustainable economic boom. When the inflationary credit expansion inevitably slows, the façade of illusory prosperity unravels as the widespread malinvestments and errors made during the boom are exposed and must be corrected. This bust phase acts as an unavoidable period of painful but necessary realignment and market correction.

In contrast to mainstream beliefs that monetary authorities can successfully iron out business cycles via interventionist policy, the Austrian school of thought recognizes such efforts to stimulate growth as inherently counterproductive and ultimately destructive. Inflationary booms inevitably sow the seeds of their own destruction and systemic collapse. Fear the booms, not the busts.

nostr:nevent1qqsqdfg435r65t9ff8vhhnz9ksm33uluplut22vh6r9ufy7lqh7xqhcpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgz0axrp


There is a safe house for him right down the street at Chicago BitDevs


The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers a compelling and alternative perspective. Austrian business cycle theory provides a profound understanding of how artificially inflated booms sow the seeds of their own destruction. Delving into the depth of this theory illuminates the inherently unsustainable nature of economic upswings driven by the availability of cheap credit and inflation.

nostr:nevent1qqsqdfg435r65t9ff8vhhnz9ksm33uluplut22vh6r9ufy7lqh7xqhcpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgz0axrp


A great read! Makes perfect sense☕👌🏻 nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz nostr:note1q6j3trg84gk2jjwe00xytdphrrelcrlck55e05xtcjfa7p0uvp0szpdmnr


The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

nostr:nevent1qqsqdfg435r65t9ff8vhhnz9ksm33uluplut22vh6r9ufy7lqh7xqhcpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgz0axrp


🧡💜🧡💜

Thanks for the support 🫂


The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction

My latest from the #Mises Institute

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


In effect, with the establishment of a judicial monopoly all private property becomes essentially fiat property, i.e., State-granted private property. Private property is only provisionally private and left under private control, i.e., only until some State-made law or regulation does not decree otherwise, thus creating an environment of permanent legal uncertainty and causing an increase in the social rate of time-preference.

Let me term this process that is set in motion with the institution of a State: the progressive deviation from a natural order and system of justice and the increasing erosion of all private property rights and corresponding growth of the legislative and regulatory powers of the State, the process of de-civilization.

Hans Herman Hoppe


Interestingly, although the prescriptions and requirements of a natural order appear intuitively plausible and reasonably undemanding on its constituent parts, i.e., on us as individual actors, as a matter of fact, however, we inhabit a world that sharply deviates from such an order. To be sure, there are still traces of natural law and justice to be found in civil life and the handling of civil disputes, but natural law has become increasingly deformed, distorted, corrupted, swamped, and submerged by ever higher mountains of legislative laws, i.e., by rules and procedures at variance with natural law and justice.

It is not too difficult to identify the root cause for this increasingly noticeable deviation of social reality from a natural order and to explain this transformation as the necessary consequence of one elementary as well as fundamental original error. This error - the "original sin," if you will - is the monopolization of the function of judgeship and adjudication. That is, the "original sin" is to appoint one person or agency (but no one else!) to act as final judge in all conflicts, including also conflicts involving itself.

The institution of such a monopoly apparently fulfills the classic definition of a State as a monopolist of ultimate decision-making and of violence over some territory that it acquired neither through acts of original appropriation nor through a voluntary transfer from a previous owner. The State and no one else! - is appointed and permitted to sit in judgment of its own actions and to violently enforce its own judgment.

Hans Herman Hoppe


If you want to live in peace with other persons - and you demonstrate that you wish to do so by engaging in argumentation with them - then only one solution exists: you must have private (exclusive) property in all things scarce and suitable as means (or goods) in the pursuit of human ends (goals); and private property in such things must be founded in acts of original appropriation - the recognizable embordering or enclosure of scarce resources or else in the voluntary transfer of such property from a prior to a later owner.

Hans Herman Hoppe


Wake up honey, a new Bitcoin development philosophy debate just dropped!
https://youtube.com/watch?v=WDHrgeS70H0


Will do moving forward 🫡


Amidst what's going on lately, I thought it might be a good time to remind everyone that nostr:npub155m2k8ml8sqn8w4dhh689vdv0t2twa8dgvkpnzfggxf4wfughjsq2cdcvg supports both PayJoin and CoinJoin.

So if you're running a BTCPay instance, you can:

1. Withdraw Bitcoin from exchanges with PayJoin, obscuring the amount to outside observers.
2. Auto-initiate CoinJoin when certain conditions are met (desired Bitcoin amount and fee market).

Bonus: You can easily run your own coordinator, mixing your Bitcoin without using mainstream services and coordinators.

This could be a great asset for local communities with regular Bitcoin flows (e.g., DCA of members) to boost privacy collectively.

The best part? It takes about 20 minutes to set up. I'm considering creating a video guide - would you watch it if I did?

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

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

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


"My fellow Bitcoiners: we must remain vigilant and we must push back against the creeping advance of tyranny. If we become complacent, if we settle for convenience over security, we can expect this elegant protocol to morph into a monster."

nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp

https://blog.lopp.net/death-of-decentralized-email/


If you are expecting mass civil disobedience from bitcoiners you are going to be incredibly disappointed.

Fortunately bitcoin is designed to be resistant against a captured majority.

Millions of us will still use bitcoin as a tool for freedom but we will be the minority.


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_073 - Lightning is Dead, Long Live Lightning!

https://fountain.fm/episode/WwplECPYv36EfXqfmh9z


In a hyperbitcoinised world, most people will not care about preservation of individual liberty and sovereignty. They simply want the best monetary technology, even if it has been co-opted by the State.

Most people don't care about separating Money from State. They are content with the State adopting Bitcoin if it pumps their bags. The State will use NGU to bifurcate the network.

Are you ready?

nostr:nevent1qqsxt0ts3zpk5s8a8lnpfkpgjmwcqcpcvkqknrtesyfmljzm86a3nqgpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszyqzvj9w6alhrsvtl5u6ygjkwuwg2sf5lukqskgjpuhnd6dpal0kvjqcyqqqqqqgwaf4jx


SLP523 @adam3us CEO of @Blockstream - Entering a new Bitcoin bull cycle

Adam Back joins me to talk:

- SBF found guilty
- Bitcoin bull cycle
- Block size wars
- Blockstream Greenlight
- Blockstream BASIC note
- Blockstream Green

https://stephanlivera.com/episode/523/

https://m.primal.net/HPQh.webp


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_775 - The Fed Threatens to Sue nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/W1eeSYQ4ma5Z4AmJsLj6


Bitcoin Optech: Newsletter #275 Recap

https://fountain.fm/episode/NWcxhYTtopIWzxYNEuKk

nostr:nevent1qqsfz0jzm7tv24a62ukep9wsj0zz70tvdcneapfk29vypswqgunsjpcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg9ah94dxxkx4ufrca5rc4thtm3p8rdqlrcprcuef4t2yunsu6f9w5psgqqqqqqshuyep6


There is nothing “random” about value, but it is certainly personal. It is value that motivates people to take specific actions, thus giving rise to the economic phenomena that we study—such as prices, resource allocations, and economic growth. There are perhaps reasons (or causes) for why we value one thing but not another and why our valuations change over time, but those are issues in the realm of psychology. Economics does not and needs not deal with why people value something (or not). What matters is that they do and that they take actions motivated by that value, which have consequences in the physical and social world.

There are many more problems with mainstream economics, but core to them is the treatment of the economy as objective and therefore measurable, whereas any economic phenomenon is necessarily based on value subjectivity. This does not make economics less reliable as a field of scholarship. On the contrary, pretending (or “simplifying”) that people make objective choices between objective alternatives is the cause of many errors by economists.

To study mere choice excludes much of the creative, value-motivated, temporal process of action and therefore the cause of social and economic phenomena. While the economy can be studied from the perspective of objective, measurable data, the problem is that no actor within the economy—whose actions in effect make up the economy—acts based on objective parameters. Value is at the core of the individual action—what motivates it—and, therefore, value is also what causes and gives rise to all economic phenomena. The fact that many economic phenomena are objective, or at least intersubjective, is in fact irrelevant to the study of economics because economic phenomena cannot be understood without recognizing and consistently applying value subjectivity.

https://mises.org/wire/objective-science-subjective-value

https://fountain.fm/episode/AUhYUDnxgL6nFvnIAoHl


SLP522 @JasonLes_ CEO of @RiotPlatforms - Dodging Knives as a Bitcoin Miner
Jason Les joins me to talk:

- His poker background
- Hashrate
- Riot’s competitive advantages
- HODLing Bitcoin as a miner
- Should miners use debt?
- Bitcoin ETF impact?

https://stephanlivera.com/episode/522/

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


👀

https://image.nostr.build/4f2535c06e5a3b8c2f1e90968497d9af3de371ac0ca07fc997e6bda33e06c205.jpg

https://image.nostr.build/0e93d61d1535f838ad8d45f6ae7ee5c9be9c6d4b76d384c2a2dbd2ee526433b0.jpg

https://image.nostr.build/8acbbfc80c6ee5d86b46fa007f5168bc6e1777ac792a5b63fa0bbb7fec18897b.jpg


It's so easy to criticize.

Creating something new is hard. Building equals sweating, so if you see someone sweating, err on the side of building them up rather than kicking them down. Encouragement is a superpower. Encourage honestly and emphatically, and you might end up with the world you want to see.


Practice the non-aggression principle ✌


Or just rewatch it with him

https://media.tenor.com/iC5HSCJRaXUAAAAM/attack-on-titan-funny.gif


How Bitcoin Fights Tyranny with nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pf

nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
🤙

https://fountain.fm/episode/MwfiDJOxKPFa6nmFUpMn


It is all but inevitable that central banks will continue expanding the money supply to delay the day of reckoning and preserve the facade until the inevitable hyperinflationary crack-up boom, although the sheer weight of debt alone may produce this outcome. Promises of reform have been made, only to go unfulfilled. In order to prevent disaster, we must fundamentally rethink our monetary and fiscal policies against the temptations of short-term political gain. To quote Ayn Rand:

The Specter of Hyperinflation Looms over the Economy | Michael Matulef

"It is all but inevitable that central banks will continue expanding the money supply to delay the day of reckoning and preserve the facade until the inevitable hyperinflationary crack-up boom, although the sheer weight of debt alone may produce this outcome. Promises of reform have been made, only to go unfulfilled. In order to prevent disaster, we must fundamentally rethink our monetary and fiscal policies against the temptations of short-term political gain."

This is a highlight created on https://highlighter.com


Everything on Bitcoin with Robin Linus & nostr:npub1yxp7j36cfqws7yj0hkfu2mx25308u4zua6ud22zglxp98ayhh96s8c399s

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/HGZRh0juZ2D4X0mzIxbl


Broken Money with nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
🤙

https://fountain.fm/episode/uQBtOVvfasVDD2SD6DCa


Bitcoin and Macro Mastermind Q4 2023 w/ nostr:npub1s9z7pwy96thwt7zvmrlpfnddstezxxphx9rx3m0660sgkwld9eescjnszc , nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l , and nostr:npub1nvxnc8egjlhpqtzrxmav3yk8frf3p7y9wujgwrcgwep2xr77xrvsa0paqn

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z
🤙

https://fountain.fm/episode/ru7ng3ikMYk2DG4mZXeI


Ideas are bulletproof.


In a world where trust is deteriorating & sovereign debt loads are exorbitant, settlement is a WHOLE different animal.

We explore this & much more in this week's chat w/ one of the brightest minds in the global research sector, Luke Gromen.

🎧 https://fountain.fm/episode/Nn8Jf1jWX4D1Ne9ohGBl https://image.nostr.build/164b3ae2eb6db0005ec38df9031bd951ef32a8d56e61a90431fd7466caaafe83.jpg


nostr:npub1cj94enk44kn5mvrcma4sp7jnlsgnn4em7rk3dh3jt4fzyqs3m02s560efa
https://image.nostr.build/10ef2e643f12d28959c5d0dceb60810ea33a864e95fba97fb77ef8e0c74b60a2.jpg


In the hands of politicians, economic statistics can be as pliable as putty, and as a result, they are often molded to serve the interests of those in power.


nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z

https://image.nostr.build/5bcae860157da3b232851d1506fc667dafebe6b881a46f5939c0b0c0ce279bbe.jpg


Stay humble. Stack sats. Starve the State.

https://image.nostr.build/4255f4b1785e20c728b9d65c01404988649cfbfaa4421ba9dc48683f0472aeb3.jpg


nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq #277: Tether Stacking $4B a Year

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

Stay humble. Stack sats. Starve the State.

https://fountain.fm/episode/ZoXPBObXoV4CR0kbrUqi


This response from nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu to the Federal Reserve is beautiful.

“We have no interest in causing confusion, mistakes, or deception. That sounds more like a job for those responsible for telling the market they wouldn’t raise rates after a massive monetary expansion, and then went on to raise them faster than at any time in U.S. financial history.”

https://bitcoinmagazine.com/legal/federal-reserve-threatens-to-sue-bitcoin-magazine


It's afraid

https://media.tenor.com/rLMawmzyd4kAAAAM/starship-troopers-slug.gif

nostr:nevent1qqsw6jdfy6qlezw7pc74lsld9kdrafm3wmhupak0656rhytlua86wfspzpmhxue69uhkummnw3ezuamfdejsyg9e55m4ywa69lx6aptajrv2wcx7fusnnj0epkvx7aruulgwcrgh85psgqqqqqqs98z55f


MRW my wife surprises me with Bit Block Boom tickets for my birthday

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


NEW SIMPLY SESSIONS

The Wall Street Journal *Quietly* Retracts Their Article Linking BTC To Terrorism

LIVE at 6pm with nostr:npub1gu47n7fxfm4py48jktmu6tdqcvva4e87fntynuzzf62zxnw2e7tsc6907g - here on Nostr, or at the YouTube link below

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

Subscribe for your weekly news roundup and techn updates!
https://youtube.com/@BTCSessions?sub_confirmation=1


Responding to Yaron Brook's Critique of Anarcho-Capitalism

https://fountain.fm/episode/GngRqyvxRM2m28qLup6U


The Relationship of Money and Culture | Bitcoin is Venice Series Episode 4 (WİM384)

nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt
Sacha Meyers
nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um
🤙

https://fountain.fm/episode/Nig68PckVA7SmhX22Acx


Better find a new job 😁


Everything Voluntary ✌

https://image.nostr.build/8b9e7313ce64aea0590be181dfbeac5b541a11625a90a9f4181857919f1a5f38.jpg


The Federal Reserve Turns 110: A Review of the Damage Done

https://fountain.fm/episode/mFkGN8Pm1JPbG3VKYnrz


Bitcoin Optech: Newsletter #274 Recap

https://fountain.fm/episode/TL5q0BFEAEk88agrdbVM

nostr:nevent1qqsgxn9stknzvm47wqrxmx20h58m2jcps408revfsdnnenlruell9ygppemhxue69uhkummn9ekx7mp0qgstmwt26vdvdtcj83mg832hwhhzzwx6p78sz83ejn2k5fe8pe5j2agrqsqqqqqpukjr6v


The State Is Too Dangerous to Tolerate

https://video.nostr.build/924d282dca37a0dc30912160e8e3130844809dbb8de2114aa25fd04592c4f8d5.mp4


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_774 - Bitcoin Won't Fix the Federal Reserve

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/ZFeWiKlwwHr1qvRaphH1


TFTC #457: How a Miner Survives a Bitcoin Bear Market with Drew Armstrong & AJ Scalia

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/VhjfboKLIzog2Mu6sPAY


How Inflationary Money Causes the Affordability Crisis

Contrary to the state-informed economists that make their living using technocratic arguments on behalf of the state, deflation is not a bad thing at all. Rather, it is a natural state of human affairs that encourages good decision-making by the consumer. Where there is deflation, I can get an increase in purchasing power by simply not spending my money. This means that when one goes to buy something, they must make the tradeoff between having some goods now and having more goods and services later—a natural tradeoff to make.

On the other hand, under inflation, we are incentivized to spend money on literally anything as it will necessarily be more expensive in the future. In this case, the value of money depreciates, which means you can choose between some goods now and fewer goods and services in the future.

https://mises.org/wire/how-inflationary-money-causes-affordability-crisis#:~:text=This%20increased%20production%20of%20money,specific%20goods%20they%20were%20buying.

https://fountain.fm/episode/ycBUVQKr8jO5bXY8RzLb


CITADEL DISPATCH 113: nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 WITH EVAN KALOUDIS

"THE NODE IS IN YOUR PHONE"

https://www.podpage.com/citadeldispatch/cd113-zeus-with-evan-kaloudis/


#Chicago #Bitdevs is happening tomorrow!
Here is agenda 👇

http://chibitdevs.org/2023-11-02-Socratic-Seminar-48

See you 🤙
https://meetu.ps/e/M8LS5/NyGyt/i https://image.nostr.build/5b9fa4bf01d5f11d5aa572fb2ad1c2b4bcdc9c575f1562cd37ab90fa62792179.jpg


Bitcoin: The Digital Gold Standard For The Digital Age


Bitcoin and Data Monopolies | Bitcoin is Venice Series Episode 3 (WIM383)

nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt
Sacha Meyers
nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um
🤙

https://fountain.fm/episode/Zg59YTWrkqJzcCvBNEHo


15 years. https://bitcoin.org/bitcoin.pdf


Breaking!

https://image.nostr.build/8cb3c6a2e4bc39cd5065719ec65307ad10b67fbc13a26e46303aad107bf37bb5.jpg


Bitcoin Financial Advice with nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf & nostr:npub1rexyltl8ke389qlxqc0707rz77fuuqzdsdd69vlzneaz2p9vnkaq4l6u3c

nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
🤙

https://fountain.fm/episode/Xm1SETO60KSS5ao2tFhA


nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq #276: Return of the Bull?

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

Stay humble. Stack sats. Starve the State.

https://fountain.fm/episode/Z6fL1WP7SM2ynaLbgoBL


What is Cognitive Dissonance

nostr:nevent1qqs9ycdmcqyrvev7j5qmn02swufzj6ejrkajm9ua6gdce3y273v735cppemhxue69uhkummn9ekx7mp0qgsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncrqsqqqqqptkaynj


nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m was right

https://image.nostr.build/29f7367257ace21e154ba725029a349ef8a872a56dd570f47048ed503e0fe1ad.jpg

https://www.zerohedge.com/economics/specter-hyperinflation-looms-over-economy


mises.org: The Specter of Hyperinflation Looms over the Economy -- https://tinyurl.com/2xb8o3zw -- The threat of hyperinflation has haunted fiat money economies throughout history. Although past empires crumbled under the weight of unrestrained money printing, modern bankers at the Federal Reserve assure us that today’s financial system is immune to such a fate. Austrian business cycle theory, however, reveals that current economic stimulation may be propelling us toward a crisis of catastrophic proportions: a crack-up boom that marks the dramatic end of this boom-and-bust cycle. When a central bank expands the money supply to reinflate bubbles, it destroys the currency’s purchasing power. #liberty #news


🎃🎃🎃🎃🎃

https://image.nostr.build/5ba15cc81a218ce71dffee93f053f6fbcb6e5d36c31c591e862c4db3b305fa02.jpg

https://image.nostr.build/5352e45c70cc8793d0c514741e8417d05ae27e61be35a074fb61dca62ff865cf.jpg


A strange game. The only winning move is not to play.


Credit expansion cannot increase the supply of real goods. It merely brings about a rearrangement. It diverts capital investment away from the course prescribed by the state of economic wealth and market conditions. It causes production to pursue paths which it would not follow unless the economy were to acquire an increase in material goods. As a result, the upswing lacks a solid base. It is not real prosperity. It is illusory prosperity. It did not develop from an increase in economic wealth. Rather, it arose because the credit expansion created the illusion of such an increase. Sooner or later it must become apparent that this economic situation is built on sand.

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Pretzels 🥨 from scratch

#food
#bake
#pretzel

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

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

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

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nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z

Got #Bitcoin?

https://image.nostr.build/4e57ebf24788af3ab463195a1d5435fa19e9bdd2d1a481e776377cf68e25f2f0.jpg


A crack-up boom would erode the power of the federal government: with a dramatic fall in the currency’s purchasing power, the administration’s ability to fund programs and institutions would deteriorate, the Treasury would go bankrupt, and the government would have to either massively downsize or attempt to fund operations by printing even more money. Along with the value of the promissory notes, trust in centralized authority would evaporate.

With the federal government weakened and desperate, power would naturally shift back to individuals and their local communities. When faced with harsh economic realities, communities depend on themselves rather than flailing national policy. Individuals and communities should strengthen their local networks to weather the coming storm, increasing local involvement and forging bonds of cooperation. Joining area organizations and neighborhood groups can foster mutually beneficial relationships and support systems, invaluable resources for when the currency buckles. With shared purpose, communities enhance their capacity to withstand the crisis.

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It is all but inevitable that central banks will continue expanding the money supply to delay the day of reckoning and preserve the facade until the inevitable hyperinflationary crack-up boom, although the sheer weight of debt alone may produce this outcome. Promises of reform have been made, only to go unfulfilled. In order to prevent disaster, we must fundamentally rethink our monetary and fiscal policies against the temptations of short-term political gain. To quote Ayn Rand:

"Just as a man can evade reality and act on the blind whim of any given moment, but can achieve nothing save progressive self-destruction—so a society can evade reality and establish a system ruled by the blind whims of its members or its leader, by the majority gang of any given moment, by the current demagogue or by a permanent dictator. But such a society can achieve nothing save the rule of brute force and a state of progressive self-destruction."

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With each intervention, the Fed suppresses market corrections, inflates asset bubbles, and encourages high-risk debt. This constant flood of stimulus promotes moral hazard as it optimizes the economy for speculation while curtailing organic productivity. How much longer can this monetary dance along the precipice of hyperinflation continue before the dollar plunges into the abyss?

Despite the veneer of stability, individuals sense that the economy rests on a precarious foundation of debt and deceit. They intuitively grasp that capitalism has metamorphosed into a cronyism that disproportionately rewards those with political connections in an amalgamation of concentrated power, unrestrained money creation, and escalating inequality.

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https://image.nostr.build/8515e9053922b762b4a8ed97016b318d5aff057633109c08b11feb1ce6957591.jpg

...all we can do is by some sly roundabout way introduce something that they can't stop.

#Bitcoin


Eliminating our biases entirely may be a daunting task, but we can genuinely embody mutual respect by wholeheartedly endorsing voluntaryism and upholding the essential tenets of respecting others' property rights, particularly their right to self-ownership and self-determination.


There is a specter haunting the modern world 👻

nostr:nevent1qqsyygkn7fwut3dwjej72p0d8kuqm0yhfjsz2zywy43rcgsuv5ldvxqpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgewpq5f


The Specter of Hyperinflation Looms over the Economy

My latest from #Mises

https://mises.org/wire/specter-hyperinflation-looms-over-economy


The only way to change that bad behavior is with tooling that reinforces privacy that is just as intuitive, simple, and sustainable. Bickering tribally won't make tools.

nostr:nevent1qqs8emw6ge2nc2reqllk6d3kd2m9zcen8dageykx7pdc7xe3elsk4rqpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgkrs0fv


Inside look into a relay transporting notes and other stuff

https://video.nostr.build/c81fc7489a2e5a1b0211fd39eaf1c71ba2534212d7d813edc2dd3f1ebe9ef6df.mp4


The light may seem dim, but it still shines if you look for it. Fan its flame and let it guide you through the shadows.

🧘


Chocolate chip lavender cookies

#food
#bake
#lavender
#cookie

nostr:nevent1qqs8le5yuy7kwxndwg3l6pzq2k8znz7mdhu3v2xtd08ez6prs9r0ldcpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyz33r7x2y0ct30qgm4xmkqe60cx34x4hxrtey5qjuh8wx0pd9k2fqqcyqqqqqqg7kg758


Enjoy Capitalism


#mindfullness
#parent

https://image.nostr.build/2aa5bd541cca795110827ad60beaa36bf83db5adb3d46a12af53b424ae22b616.jpg

https://image.nostr.build/40b60fb1f22dad43b996638f4844f108541a6094008489a906f092d0b2b4c180.jpg


There are literally zero freedoms that can be meaningfully protected if you are forced to use a money that someone else can alter, freeze, print, or surveil at their discretion and without your consent.

It's the total and complete revocation of anything even resembling free market forces & property rights.

CBDCs will be the nail in the coffin of the free world... whatever still remains of it.


“I swear—by my life and my love of it—that I will never live for the sake of another man, nor ask another man to live for mine.”


No meaningful privacy can actually be obtained without either preventing entirely the ability to surveil you (not practical at all) or finding blind spots where you can "mix" yourself with other people and obscure who is exiting those blind spots in which direction. Without these places multiple people can go into, where they cannot be surveilled inside, and leave in different orders and exits obscuring who is who, no privacy can be obtained from surveillance. Preventing surveillance in the wider world is essentially impossible, but if you can prevent it just in blind spots people can use for this purpose, that is enough.

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

https://bitcoinmagazine.com/culture/privacy-is-a-group-effort


Yo nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f


https://media.tenor.com/cWVmQIpPQbAAAAAM/what-no.gif

If I keep earning the same amount in Bitcoin I'll keep zapping the same amount in Bitcoin


GM

https://media.tenor.com/M6-Mh3PyqfEAAAAM/neko-no-ongaeshi-cat.gif


TIME: Principles of Economics online course Lecture

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
🤙

https://fountain.fm/episode/Z0hFroIgpgvXnROTB5e7


Privacy is a right. The US govt can go fuck themselves


"Ultimately, this is a further monumental leap in the U.S. governments attempts to prevent the usage of privacy tools in the cryptocurrency space. This crackdown, especially with the broad definitions imposed by FinCEN here, will kick-start the bifurcation of cryptocurrencies into two worlds — white-market and black-market money.

The cryptocurrency world will split into two separate economies, one that functions as an add-on to the traditional finance and compliance regime, and one that acts as an independent and self-sustaining circular economy."

nostr:nevent1qqsr5ek99zxtx63rlm4yqgukcd6h97qfhjwxn4659sw7053hy24ee0gpz4mhxue69uhhyetvv9ujuer9v4a8jtnfduhsygrnrzazrx07q92w8jtmt8fsp7w5gntx9770ckmpthpz8kjqpjp40gpsgqqqqqqsqwpa9g


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_773 - A Solution to Scaling Lightning

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nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

🤙

https://fountain.fm/episode/8Aal0gZiXxb9XSFVJS4r


The fact that the masses are ignorant of physics and do not know anything substantial about electricity does not obstruct the endeavors of experts who utilize the teachings of science for the satisfaction of the wants of the consumers. From various points of view, one may deplore the intellectual insufficiency and indolence of the multitude. But their ignorance regarding the achievements of the natural sciences does not endanger our spiritual and material welfare.

It is quite different in the field of economics. The fact that the majority of our contemporaries, the masses of semi-barbarians led by self-styled intellectuals, entirely ignore everything that economics has brought forward, is the main political problem of our age. There is no use in deceiving ourselves. American public opinion rejects the market economy, the capitalistic free-enterprise system that provided the nation with the highest standard of living ever attained. Full government control of all activities of the individual is virtually the goal of both national parties. The individual is to be deprived of his moral, political, and economic responsibility and autonomy, and to be converted into a pawn in the schemes of a supreme authority aiming at a "national" purpose. His "affluence" is to be cut down for the benefit of what is called the "public sector," i.e., the machine operated by the party in power. Hosts of authors, writers, and professors are busy denouncing alleged shortcomings of capitalism and exalting the virtues of "planning." Full of a quasi-religious ardor, the immense majority is advocating measures that step by step lead to the methods of administration practiced in Moscow and in Peking.

If we want to avoid the destruction of Western civilization and the relapse into primitive wretchedness, we must change the mentality of our fellow citizens. We must make them realize what they owe to the much vilified "economic freedom," the system of free enterprise and capitalism. The intellectuals and those who call themselves educated must use their superior cognitive faculties and power of reasoning for the refutation of erroneous ideas about social, political and economic problems and for the dissemination of a correct grasp of the operation of the market economy. They must start by familiarizing themselves with all the issues involved in order to teach those who are blinded by ignorance and emotions. They must learn in order to acquire the ability to enlighten the misguided many.

It is a fateful error on the part of our most valuable contemporaries to believe that economics can be left to specialists in the same way in which various fields of technology can be safely left to those who have chosen to make any one of them their vocation. The issues of society's economic organization are every citizen's business. To master them to the best of one's ability is the duty of everyone.

Mises

https://mises.org/library/mises-reviews-rothbards-man-economy-and-state


The equations of physics describe a process through time, while those of economics do not describe a process at all, but merely the final equilibrium point, a hypothetical situation that is outside of time and will never be reached in reality. Furthermore, they cannot say anything about the path by which the economy moves in the direction of the final equilibrium position. As there are no constant relations between any of the elements which the science of action studies, there is no measurement possible, and all numerical data available have merely a historical character; they belong to economic history and not to economics as such. The positivist slogan, "science is measurement," in no way refers to the sciences of human action; the claims of "econometrics" are vain.

Mises


Most of what goes today under the label of the social sciences is poorly disguised apologetics for the policies of governments.

Mises


Price is Truth | Bitcoin is Venice Series | Episode 2 (WIM382)

nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt
 Sacha Meyers
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🤙

https://fountain.fm/episode/1e159Y0arWjhZh5WzvvM


nostr:nevent1qqsywtq2utl9cy4jyrjgk55v6ftkcxcf72en0fg9yzezkg2l3uglduspr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyz33r7x2y0ct30qgm4xmkqe60cx34x4hxrtey5qjuh8wx0pd9k2fqqcyqqqqqqghpdjnr

#food
#bake
#pie
#pumpkin

https://image.nostr.build/d8cd51d028f4a8f1b1b05fff29bd130325b5763ecbc2dd6a347bac7dd2e55d93.jpg

https://image.nostr.build/e8e2d5294169aa37083c9ab37a2773cc0336e2282c3907e797774ebf00ab0917.jpg


Scaling Bitcoin with Christian Decker

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🤙

https://fountain.fm/episode/PQAaC1sCvB2Cp3wLw39K


This era represents a fork in the road. One direction provides a stepwise upgrade to those who wish to continue the multi-century trend of further and further centralization of the financial system. The other direction reverses that trend, fractures the existing forces of centralization, and gives more financial autonomy back to individual users who wish to take it

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https://image.nostr.build/e2de293b4a797a30f454808a2cd352d78bc184a081c5369570d67ad735c2d76b.jpg


High signal episode 🔥🚒

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I listen to Bob for his economics, not his Bitcoin takes 😁


To avoid being blamed for the nefarious consequences of inflation, the government and its henchmen resort to a semantic trick. They try to change the meaning of the terms. They call “inflation” the inevitable consequence of inflation, namely, the rise in prices. They are anxious to relegate into oblivion the fact that this rise is produced by an increase in the amount of money and money substitutes. They never mention this increase. They put the responsibility for the rising cost of living on business. This is a classical case of the thief crying “catch the thief.” The government, which produced the inflation by multiplying the supply of money, incriminates the manufacturers and merchants and glories in the role of being a champion of low prices.

Mises


The Bob Murphy Show Ep. 294 Steve Keen on What's Wrong With Neoclassical Economics

https://fountain.fm/episode/ZlL38o3i1C4fVvzZusNx


Laser eyes until fiat dies

https://image.nostr.build/33d086147f8481e335bb8b78205d72c69c45b690dc7761ead2a919244fdbe04d.jpg


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Fiat money is just an exploit:

It's arbitrage between the security & immutability of physical gold, & the insecurity and reversibility of it's virtual replacements.

#Bitcoin is simply a technological solution to end the massive, destructive, wasteful political industry and rent seeking structure that has been globally constructed around this arbitrage.


If you had a way to preserve your nostr identity so that you could recover from someone compromising your nsec and it required writing a note in your nostr client, would you do it?

Repost for visibility, want to see what people think.


Happy Friday Snooze, remember to not operate heavy machinery while listening to the most boring podcast in bitcoin.

Bitcoin.review BR054 - Cashu, Mutiny, ChatBTC, BitVM, MDK, Smart Vaults, lnbits + MORE ft. @benthecarman, @callebtc & @rot13maxi

Listen as @nvk tests out #ChatBTC by the Bitcoin Dev Project during the recording. 🤖

Clip https://x.com/bitcoinreviewhq/status/1715508581758558224?s=46

YT https://www.youtube.com/watch?v=ivIHw5GAPBw
Notes https://bitcoin.review/podcast/episode-54/
Fountain https://fountain.fm/show/ErU0F484HhsaEf8GGobb


The Nature of Capital and Capitalism | Bitcoin is Venice Series Episode 1

nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt
Sacha Meyers
nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um
🤙

https://fountain.fm/episode/s2iw7h6a22t2YEarMZMz


Looks like CAPS ODELL is back on the menu boys!

https://media.tenor.com/8bq9Us1HhkoAAAAM/meat-menu.gif


Study Bitcoin

nostr:nevent1qqsyxzgz9dgrle6ht8lwujra0r3kylesa4unt89jrggf82er9uc87mgpzpmhxue69uhkummnw3ezuamfdejsyg82krn4d5etsz7dge8nmpztspqrqvr45yl2hs6enfmzexk84wglfupsgqqqqqqst3acen


Highly recommend trying out a maple 🍁 old fashioned if you have never tried it.

It's my favorite twist

https://www.gimmesomeoven.com/maple-old-fashioned/


Crisis is the rallying cry of the state. It's when the state can most effectively expand its reach and power.

A populace that is unaware of how consent is manufactured is a populace that is vulnerable to manipulation.

nostr:nevent1qqs0kw35p3sgr2fncdjueuysk752tpqcrmz6vdsx24ju0mt6nkatysgpzpmhxue69uhkummnw3ezuamfdejsyg9euaj5dwsxg4hdxqweu54uf8ay3ec2d0ezs2l85xh899rkzgprmspsgqqqqqqsx2g0zw


Old Fashioned

....stay classy


Matt Morehouse is receiving long-term support from OpenSats for his work on Lightning security and reliability.

https://opensats.org/blog/matt-morehouse-lightning-security-lts-grant


Fear and hope are the choices we make daily, shaping our lives one decision at a time.

nostr:nevent1qqspzgt9m2j6cxyhgp3wg0sl9zca2cvlc8zxzkmyfnp3z8datgs97zsppemhxue69uhkummn9ekx7mp0qgsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcrqsqqqqqp83kgr0


Support Bitcoin Lightning with Greenlight with Christian Decker

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk 🤙

https://fountain.fm/episode/3ezht8FNM5iPnkEflvaO


Bitcoin Optech: Newsletter #273 Recap

https://fountain.fm/episode/HFP49epFlaQnA9dL4UJn

nostr:nevent1qqstwhhjrejntczrpg6np38s52u8u9gnyrcadhk8xl0kfejuftupd7gpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtczyz7mj6knrtr27y3uw6pu24m4acsn3ks03uq3uwv5644zwfcwdyjh2qcyqqqqqqgvmz8v9


good morning nostr, get your priorities in order 🫡

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


Managing the Influx

https://fountain.fm/episode/yWMXglm9qjCFmx1ub199


Fractional Reserve Banking, Present Discounted Value, and the Austrian Business Cycle Theory

https://fountain.fm/episode/kOP73UphICZuhLu7n17b


The greatest wisdom is self-knowledge. To know others demonstrates understanding, but to know thyself is true enlightenment.


"Actions on the part of the government aren’t going to be absurd jokes that will be easily ignored, or easily routed around anymore. Things are going to continue becoming more reasoned through in effectively achieving the outcome they want, and that is something that all of us need to start taking more seriously."

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

https://bitcoinmagazine.com/legal/fincen-proposes-insane-special-measures


It will be very challenging for political parties throughout the developed world (and particularly the United States and Europe) to agree on how to handle this public debt problem in the 2020s and 2030s. Decades of having a flexible ledger combined with short-term incentives to use it have resulted in a very imbalanced situation that is likely to be rather inflationary for the broad money supply to varying degrees for the foreseeable future. Debt must be restructured or inflated away, but who will be left holding the bag?

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


Rabbit Hole Recap with nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx and nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy goes live in two hours at 10A CT / 1500 UTC.

Join us in the live nostr chat 🫡 https://rhr.tv/stream


A bakery for nostr:npub15vgl3j3r7zutczxafkasxwn7p5df4des67f9qyh9em3nctfdjjgquscvxg


When Zaps?


Real Economic Growth Depends on Savings

When money is generated out of thin air it sets in motion an exchange of nothing for money, followed by money for something—that is, an exchange of nothing for something. This leads to consumption not supported by production, a diversion of saved consumer goods—the products of wealth-generating activities—toward those who hold money made from nothing. Diminishing the flow of saved consumer goods toward producers of wealth weakens the production of goods and in turn the demand for goods, setting in motion an economic recession.

What weakens the demand for goods is not the capricious behavior of consumers but an increase in the money supply out of thin air. As long as the pool of consumer goods is expanding, the central bank and government officials can give the impression that loose monetary and fiscal policies are driving the economy. This illusion, however, is shattered once the pool becomes stagnant or declines. Without expanding the production of consumer goods, all other things being equal, economic growth is not possible.

Most people aspire to a good and comfortable life. Standing in the way of this goal are the means that must be produced to achieve it. Saving permits the expansion of these means. The increase in saving, which supports the increase in the production of goods, also generates an increase in demand for goods. Any illusion that demand can somehow be strengthened through the monetary presses is sooner or later shattered by the impossibility of getting something for nothing.

https://mises.org/wire/real-economic-growth-depends-savings

https://fountain.fm/episode/BSHAkPLqsCoNd1EBBNFo


NEW SIMPLY SESSIONS

-Pro-BTC Argentine Presidential Candidate under attack
-Fake ETF news
-Blackrock on BTC's 'flight to quality'
-Cathy Wood price prediction

LIVE with nostr:npub1gu47n7fxfm4py48jktmu6tdqcvva4e87fntynuzzf62zxnw2e7tsc6907g at 6pm ET, here on Nostr or at the YouTube link below.

https://www.youtube.com/live/8l-U4n6dGBc?si=c1ORxRhYu3rkJIqJ

Subscribe for weekly news!
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#ChiBitDevs

nostr:nevent1qqsz4mdymznjj7wgv76dncmdk4fhx37zmu8la35cmx8zmdjqfwaky4gppemhxue69uhkummn9ekx7mp0qgsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8srqsqqqqqpaatapt


The Tom Woods Show Ep. 2405 Contra Shapiro: The Rights and Wrongs of lsrael and Gaza

Scott Horton joins us to discuss the horrific Hamas attacks on lsrael, but alongside commentary that might upset Ben Shapiro.

https://fountain.fm/episode/HGagpxL6IlOTTTaDKsaF


BTC152: The Debt Event Horizon & Bitcoin w/ Jesse Myers

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z 🤙

https://fountain.fm/episode/2cvqqlh62qkGKuvP9GMq


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_772 - Easier Way to Bootstrap the UTXO Set

nostr:npub1ta5sstxzpk7aykejp6cv8eul80m2rjfwvp3rgjw0xgjtp7s3ak5s0c96f7
nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

🤙

https://fountain.fm/episode/N1CuTBZ236ddRgVkgOK7


nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

https://image.nostr.build/d14bab35fe11f7ede5599c96c084bae98fc29f4d0d94c72020aad349fd509627.jpg


Predicting emergent, complex behavior on an honest ledger is extremely difficult if you’re measuring it from a dishonest, manipulated ledger.

#Bitcoin
#Nostr


An Evening with Naomi Wolf

https://youtu.be/9wv_HXWVrQs?si=qAiRZQDNofUkKKD5

https://fountain.fm/episode/lvGfXRkObq3Cg4J9Yyyc


Get nostr:npub1tv8gmfhalwnxxquxjzeh6gtdsdz6vg7vx0s3rt7s7uuw6aujh32qn77wn2 on the podcast!

Also, in line with seeking out the arguments that make your own positions uncomfortable, come out to ChiBitDevs and engage with the technical discussions 🤙


State-run media often seeks to mold public perception rather than reflect the diverse realities of society.

nostr:nevent1qqs9d2tc4hddqkujzpw5d6gu6kl7p6s0ald2dst3k8qyc0t5h4qlj7cpzpmhxue69uhkummnw3ezuamfdejsyg8g3f53axxenp7fv3fpmlmqqf0kquqr0zjg0yvqmjamffgz0pgyzypsgqqqqqqs9c9k4r


The Debt Spiral with nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z Pysh & nostr:npub1cj94enk44kn5mvrcma4sp7jnlsgnn4em7rk3dh3jt4fzyqs3m02s560efa  Lavish

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx 🤙

https://fountain.fm/episode/wq7Gj90D1Tx4dNuSWiLT


Know Thyself

nostr:nevent1qqsvpzs5krhsd7uz8frg9c6jg5perhpf0cmm7xxydtgz39fxj4k8zfspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg8vdcmdtj0tsa83mdp98mczxalhe3cxjlx6gralkfx7666aznxwfspsgqqqqqqsl4kf2p


More grants. More notes. More other stuff.

https://opensats.org/blog/nostr-grants-october-2023


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_771 - Beating Fiat with the Breez SDK ( nostr:npub1ey6qdmvzcgcsr883m9nspzz0mm037l26xtardzcskfsvc6gc7jssm9szvp )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/bcytFFSuGco2yz6bcRhA


Bitcoin Optech: Newsletter #272 Recap

https://fountain.fm/episode/pgYnKrr3nXOBJZpZqsNP

nostr:nevent1qqszu4phncfz0q222a6kuw9yn2fwgyqnqngvgmmlvcxrxjt0mrx82ncpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qhkuk45c6c6h3y0rks0z4wa0wyyud5ru0qy0rn9x4dgnjwrnfy46sxpqqqqqqz0a3sfv


Glad there are no border inspections when traveling between US states. Would take a while to explain all this...

https://i.nostr.build/rL83.jpg


Building the Global Financial System with nostr:npub18m4nmc2wchzgcmzvnluqjzxyrpshp64mwje2vuz60kulny3v6c0qtgcl2x

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx 🤙

https://fountain.fm/episode/kMCaN0yOTSdKtZr8Ra3A


 This is NOT Capitalism w/ nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt Farrington

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z 🤙

https://fountain.fm/episode/egvpSQL9j5wVEXVtmNVi


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_071 - But Bitcoin Doesn't Innovate

https://fountain.fm/episode/iJQQOkQ5RxCAgYPvKZ4z


How to think about Economics with Per Bylund

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak 🤙

https://fountain.fm/episode/xyLlj5EM82zEi01PlldZ


Good evening.

With today’s increasingly decentralized media landscape, it’s important to actively avoid being drawn into any one echo chamber.

What person or platform have you actively decided to listen to because you *disagree* with them, this week?


https://image.nostr.build/7454fb0eabdcecc7ff4f27b98fb39f79b38830105363a412376e1f8e2ee1e4fd.jpg

https://www.meetup.com/milwaukee-bitcoin-meetup/events/296430168/

nostr:npub1344hw59kuxz2vmz6mff3v23v8phzuce5ln8287x9kldu8d9lrezsx0nv23


30 of these with different facts 😁


Statism

https://image.nostr.build/ecc33cfa627464aea7b0ff4cd7c1dafbbe9699c55c3963a123d3857cb12fed0b.jpg


“What makes us human is not our ability to feel pain but rather our capacity for love, compassion and empathy.”


How long will it take for bitcoin to become the dominant monetary system, AKA hyperbitcoinization?

I’ve heard some bitcoiners say that the realistic time frame might be 20 years from now or more.

Here’s why I think they’re wrong, and we see it happen before 2030:

1) Evidence points to strong probability that there will be at least 2 more bull cycles before 2030, whether it is caused by the next two halvings or something else.

2) I believe that each bull market causes the population of bitcoin adopters to increase at an exponential rate. More touch points, more word of mouth, more education, more reason to believe bitcoin is not going away. If this is correct, then I believe after only 2 more bull cycles, the majority of the world will be bitcoin adopters—game over.

3) As bitcoin in the next bull cycles becomes worth hundreds of thousands of USD, I think it becomes more and more clear to people that $1M per coin is possible, which psychologically will be a huge deal (breaking cognitive dissonance, “OMG this thing really does go up forever”)

4) It’s true that much of the world’s population is not ready to adopt bitcoin, which is a main argument for people who think the process will take decades. But… most people don’t matter in terms of hyperbitcoinization. Once we get large corporations and governments fighting over the bitcoin supply, it’s game over. Everyone else will be forced into bitcoin whether they like it or not. And do we really think we won’t see see institutions fighting over BTC before 2030, with one or two more bull cycles? The infrastructure is increasingly being built to accommodate this.

5) The debt spiral across the globe is real, and needs to be dealt with. Money will be printed, inflation will get worse, and people will increasingly need alternatives to protect themselves. I see it as quite unlikely that fiat only gets marginally worse before 2030.

6) Things being built with bitcoin continue to increase, widening its use cases and providing even more avenues for adoption.

We’ve heard “gradually then suddenly,” and I think the final “suddenly” that ends fiat will be either this coming bull cycle, or the following one at the latest. I don’t see how there could be room for a third bull cycle from here. I’m even skeptical about there being room for two… it’s possible that hyperbitcoinization occurs in just the next 1-2 years, which sounds crazy enough that it would even catch most bitcoiners off guard.

If you disagree, let me know why you think I’m wrong!


Sounds like a good Guy's Take episode


Yesterday tried nostr:npub15vgl3j3r7zutczxafkasxwn7p5df4des67f9qyh9em3nctfdjjgquscvxg 🍰 the best ! 👌


The unexamined life is not worth living


The state's power to tax is its power to destroy, not only the wealth of individuals but also the very essence of economic freedom.

nostr:nevent1qqs2caw8vragwy3srw9jjp98u3gaavcjcaurykvugm0kths2dcnp6pspzpmhxue69uhkummnw3ezuamfdejsyg8g3f53axxenp7fv3fpmlmqqf0kquqr0zjg0yvqmjamffgz0pgyzypsgqqqqqqs7cp3kv


As the State's addiction to money printing drives it to falter, its gaslighting tendencies become ever more conspicuous.

https://image.nostr.build/5d8e73767a93b98228146d3f90c583b54612672e9249db58b5a34af6a101877c.jpg


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_770 - The Big Deal with BitVM ( nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/oLduobB1mIVFTA1wS65s


Angel food roulade with homemade apple butter and cream cheese frosting

https://image.nostr.build/1de2fb22da42970d02abc602ca2c9801a0d51f088fd10623958c625021feae2c.jpg


Know Thyself


What is BitVM? with Robin Linus and nostr:npub1yxp7j36cfqws7yj0hkfu2mx25308u4zua6ud22zglxp98ayhh96s8c399s (SLP520)

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk 🤙

https://fountain.fm/episode/5wV23CD899Fse2iebc3z


I'm not sure I understand what you mean by "free" market


All human action involves choice and exchange. Even under the conditions of significant government intervention, individuals are still making choices - choosing what food to buy, what clothes to wear, what furniture looks nice, etc.

This means small elements of the free market - voluntary exchange driven by subjective preferences - are persisting despite restrictions. The conditions and incentives may be distorted by regulations, price controls, subsidies etc - but the exchange itself remains free on an individual level.

So everyday market decisions represent an instance of the free market in action - the aggregation of subjective preferences through voluntary exchange. This illustrates that even in an economy with significant government interference, free market forces continue to operate at a micro level.


No one coerced me to decide on the Nostr relays and clients I use.


AI Unchained #008 - Ecash and Ai with nostr:npub1kp7jzme0qs3wcqjjmkq6v5fm359sclhc22glhadgtmerlr0h37nsn8487li Nwosu

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/qaorCSw0bzYzkAql0Ofz


Decentralise Everything with William Casarin ( nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s )

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx 🤙

https://fountain.fm/episode/MFQnCVdOVIlcSKknRPgA


The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

- Mises

https://image.nostr.build/2570071d20c5ac26596c10f89ce7bf1e1606aa4578d310f1efa0c7897a4e81d5.jpg


nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp

https://image.nostr.build/5f61c507448e0a1ac8b974e8446068d42417845205b3e35450339a43600bc131.jpg


Was already in my queue. Thanks for the recommendation 🤙


It's her

https://twitter.com/_whitneywebb/status/1693296865356263671?t=LCU0CYA4-Rp-7Fl4ZQdG_Q&s=19

https://linktr.ee/whitneywebb


If we wish to challenge the established order of coercion and control, we must withdraw consent from the warmongering state and their propaganda. We must resist its mandates, expose its lies, and instead build voluntary associations and trade across all borders. It is only when people recognize their shared humanity, not arbitrary divisions, that we can begin to erect a civilization based on mutual benefit rather than violence. No ruling regime lasts long without an enemy to crush and a conflict to justify its domination. We must not be complicit in their agenda.

nostr:nevent1qqsz6usdzlldxlxcaauf8ywsa2tap596725ds3rwm8h5t64ppstqevgppemhxue69uhkummn9ekx7mp0qgsy86rlt3pvtvfuryalrehjjaqv4g2recqj9zhyh49svf2gx3vqe2srqsqqqqqpjtgcmc


Project Spartacus 👀


#Chicago #Bitdevs tomorrow 🤙 See you all ! It’s been a while 🫂

https://meetu.ps/e/M8LS2/NyGyt/i https://image.nostr.build/b31f5c4de5914420bfe45cbded5b9454d6607b793acd21d1e574a0be67fabdc7.jpg


The cult of the omnipotent state has shattered the fundamental social bonds that hold civilization together. Only in local communities, where individuals unite through voluntary cooperation, can the foundations of a free society be rebuilt.


The world is headed in this direction. Resist now or suffer in tyranny forever.

https://video.nostr.build/ed59c268dca89b8a259c9c667ef23101de94cd212f1379a96f6b139a2f88541b.mp4


"No structure, even an artificial one, enjoys the process of entropy. It is the ultimate fate of everything, and everything resists it."

Philip K. Dick


Many Americans assume that part of maintaining quality of life in the country means that we should do whatever we can to maintain the status quo situation of the dollar as the world reserve currency. However, I view it differently. The status quo of the dollar's hegemony has directly contributed to the domestic hollowing-out that we've experienced for decades especially after the Cold War ended. The system that has been in place since the 1970s is antiquated monetary technology and is inherently unsustainable due to the accrued imbalances that it creates. Losing dollar hegemony at this point would harm special interests in the United States, would reduce the country's imperial reach, and would require a shift of priorities, but ultimately it would lead toward a more natural and balanced global economy and provide the opportunity for U.S. domestic revitalization. The risk comes when we fail to recognize that and thus fail to make proactive changes from a position of strength. And so far, that's the path we've chosen.

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Reboot - Bitcoin & Software Reliability ( nostr:npub1ccsfkkfk46jsjtn80cup0vjn98slkheqd65t36tut822kddvdcxqxjdc57 )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/aDBcf6taRlB98s4wdLKv


The current global financial system with 160 different fiat currencies, each with a local monopoly over its jurisdiction, and each of which being tied to the highly salable U.S. fiat currency through dollar-denominated debts and dollar- denominated reserve holdings, tends to benefit those at the top of the socioeconomic ladder at the expense of those at the bottom. It helps keep people in developing countries in a state of constant development, dependency, and ever-rising debt, while structuring their economies around serving the wealthy developed countries rather than optimizing for self- sufficiency and well-roundedness. Currencies are regularly devalued (either due to mismanagement by their leaders or at the behest of the IMF) which keeps workers' wages and savings low in terms of global purchasing power. This process enriches corrupt developing country rulers who get to control their country's ledgers and siphon off value for themselves by devaluing the savings of the people. It enriches developed market corporations who get paid to do the work, and leaves the bill at the public level with the impoverished people of those nations who had little say in the process. It then helps keep those corrupt rulers in power by giving them bailouts and restructurings-up to a dozen times or more to repeatedly push the problems into the future whenever they have a crisis in the present. Those crises are often caused by them having too much dollar-denominated debt in the first place, and the typical solution is to help them take on even more dollar-denominated debt and remain on that endless treadmill.

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


Some updates on the Bitcoin, Explained podcast in episode 84. We also discuss the recent invalid block and some fun Bitcoin Core merges.
https://open.spotify.com/episode/2x6yx1T218D57FDMPy4uBs


nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z

https://image.nostr.build/4a97b29908156043330d71f950184512a248deeecc4e846d1b8604dc5932347c.jpg


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_769 - Orange is the New Green

"Our existing financial system is a mirage of wealth and liquidity, sustained by an ever-expanding money supply. Bitcoin emerges as the ultimate shield against the inevitable reckoning that will shatter this illusion"

- Theo Mogenet

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/ermYOe0lpgnVdY1gJa8m


The Bob Murphy Show ep 291 - Douglas Robert Uses MMT to Challenge Bob's Recession Call

Douglas Robert is a recovering Austrian who subscribes to the MMT framework as being the most useful for trading. He has a friendly debate with Bob over the inverted yield curve and whether a recession is at hand.

https://fountain.fm/episode/kOivOoV4VqayBargRXtQ


I made some pumpkin cheesecakes🎃❤🎃

https://image.nostr.build/bd980a1ca1a77e44fa9989403efdd3360bf585e4dc694f56b3ed98b23a42008a.jpg


🤤 nostr:note1s0vl9kaqw2azelkny7q2fmhgpxhypcew946jlh354m7x265y8lhsqnzpj7


TFTC #451: UTXOracle with Steve Jeffress & Daniel Hinton

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy 🤙

https://fountain.fm/episode/00mcOBgkHHyDryS2AOQY

https://utxo.live/


LFG, LOOK AT HOW GOOD THIS LOOKS!

Thanks nostr:npub15vgl3j3r7zutczxafkasxwn7p5df4des67f9qyh9em3nctfdjjgquscvxg !
#Chicago #Bitdevs https://image.nostr.build/fe68823b00e64fe60c645a650351c210edf0f744935f2da6e45fc6701a390db0.gif  nostr:note1s0vl9kaqw2azelkny7q2fmhgpxhypcew946jlh354m7x265y8lhsqnzpj7


Pumpkin Cheesecake is becoming one of my favorite fall traditions 🎃

Enjoy Chicago BitDevs!

#Bake
#Food
#Cheesecake

https://image.nostr.build/d8827af467a8a4dde01b0a1254ca7c8bcd61eb156247db1fb9929a455cd79cd8.jpg

https://image.nostr.build/c7d6dd55d0a13584ef19955bfc20628c051e77609cf30c85e34e978a06bd1fc2.jpg


Economics, Mises pointed out, is too vital to be confined to the esoteric realms of academia. It grapples with the fundamental issues of society and belongs to all. By empowering the public with a deep understanding of economics, economists equip individuals with the ability to critically evaluate market mechanisms, expose economic myths, and resist the lure of misguided policy interventions. Far-reaching economic education fortifies society against the destructive influence of coercive utopianism, fostering a culture that values individual liberty, entrepreneurship, and long-term prosperity. As such, it is our shared responsibility to vigorously disseminate the light of economic reasoning, banishing the fog of fallacy and unlocking humanity’s boundless potential.

https://fountain.fm/episode/qxHch1aftZyNiIZS8dAv

nostr:nevent1qqs8xe8ajy7rsc88sqnekg970jsluttcfjpvr98uq93pvqjlafgsgegpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qt42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qxpqqqqqqz6e9tcp


When a state does not adequately protect the rights and property of its people, it leads to questions about whether the state is working effectively and whether it has legitimacy. Possible alternative approaches that rely more on market forces and voluntary cooperation may be worth exploring as ways to better secure individual rights and property.

Furthermore, the state's failure demonstrates its illegitimacy, as no government has the right to monopolize defense and legal services. The solution is a purely voluntary society based on private property and individual rights, with security and justice provided through market competition rather than coercive government.


In matters of state warfare allegiance, I refrain from taking sides. My commitment lies with safeguarding the rights and property of individuals while opposing any act of violence initiated against them.


When WI?


nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx's reaction:

https://media.tenor.com/ECUKkjX_XrcAAAAM/dicaprio-meme-kyle-rittenhouse.gif


 nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a, macro analyst rejoins me on the show to talk about her new book, Broken Money. We discuss Lyn’s thoughts on:

Ledger money and who controls it
Different theories of money
Speed of transaction vs settlement
Warfare funding under fiat
Base money and Broad money
GFC and the response to it
Fiat standard incentives
What kind of debt makes sense under a Bitcoin standard

https://stephanlivera.com/episode/518/


Bitcoin Optech: Newsletter #271 Recap

https://fountain.fm/episode/JPQyu2ahtMEMJhliZWPJ

nostr:nevent1qqsxdw0fj2ud5dyxzw9k7vey7xjjasvme9jg6frdk72eemwjetfz46spzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtczyz7mj6knrtr27y3uw6pu24m4acsn3ks03uq3uwv5644zwfcwdyjh2qcyqqqqqqg8rp8hr


nostr:npub1tlv67m7xvlyplzexuynmfpguvyet0sjffce3y8vu0suuyuwgzauqjk7fdm 🤙


#Chicago #Bitdevs this week 🤙
See you there 🫡
https://meetu.ps/e/M8LS2/NyGyt/i https://image.nostr.build/38d75c24e07e3c68df8726957b3de3868bc578db851f967f91c9b05be8955253.jpg


Every individual engages in economic calculation when he plans his daily schedule of action—going to work, cooking meals, playing sports, pursuing hobbies, etc. Economics just makes explicit what is involved in everyday decision making.

Consciously or not, all individuals engage in economic thinking and economizing behavior by weighing costs and benefits to allocate scarce resources. Formal economics just articulates the universal logic behind these everyday actions.

nostr:nevent1qqsdtwrw9s0wfjnfa3lrdh7qdm733z8amjutdk2jxfsq62c63ln9jzqpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgz5fepq


It is. How could it be otherwise?


Economics touches everything that has to do with choosing and acting. The choices people make about fundamental aspects of their lives are economic phenomena. No social phenomena can be fully understood without grappling with its economic aspects.

https://image.nostr.build/a5f189bd47cfa2b784685ad48c68c86f4917891a4c176d93a9fd70b7a6a7c9c5.jpg


AI Unchained #007 - Global Markets for GPU Power with Christopher David

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/hY9OlVDbA2fh1AQWYjZG


The paradox of our age: AIs are learning empathy, while humans are losing touch with their humanity.

nostr:nevent1qqs8em00rw2uc9c9laz8f3z3a3eu2y0a0c270tjw6rk0jpgujhec98cpz4mhxue69uhhyetvv9ujuer9v4a8jtnfduhsygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvpsgqqqqqqs7kggkd


Decentralize the market, liberate innovation, and let the invisible hand of voluntary exchange guide the path to true economic freedom and prosperity.

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It is in war that the State really comes into its own: swelling in power, in number, in pride, in absolute dominion over the economy and the society

Murray Rothbard


My initial post had no connection to this conflict. You've superimposed your own interpretation and delivered a judgment.


Intellectual analysis has boundaries, and there is an ineffable quality to existence extending beyond rational thought. The Tao flows according to its own inner nature, not dependent on whether we grasp it intellectually or not. Our conceptual understanding does not alter the intrinsic essence of reality.


If you understand, things are just as they are.

If you do not understand, things are just as they are.


Suffering is a wave upon the sea. Watch it rise and fall, but do not be carried away

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Fiat is coercion

Bitcoin is voluntary

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The free flow of information is the only safeguard against tyranny.

The hallmark of an authoritarian regime is its attempt to control what its people can say and hear. To maintain power, autocrats demand a monopoly on information. Critical voices are suppressed. Skepticism is equated with treason. Belief in the leader is required, leaving the people with a single, unchallengeable narrative. Only in freedom can truth emerge.

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Fear is the path to the dark side. Fear leads to anger, anger leads to hate, hate leads to suffering.

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Really enjoyed the conversation about activation and your different perspective gentleman.

I sympathize with your view nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 about embracing spontaneous order and the importance of lowering the attack surface for the network during potential upgrade activations.

At the same time I find myself tending to agree more with nostr:npub1ta5sstxzpk7aykejp6cv8eul80m2rjfwvp3rgjw0xgjtp7s3ak5s0c96f7 and seeking an efficient means of signaling honest market sentiment for coordinating upgrades among node operators.

There are extremely smart people in the Bitcoin space. Technically speaking, is there any possibility for a sly roundabout protocol to accurately survey market sentiment and efficiently coordinate upgrades that simultaneously effectively mitigates attack risks?


BR052 Convenance, Introspection, CTV and activation impasse ft nostr:npub1ta5sstxzpk7aykejp6cv8eul80m2rjfwvp3rgjw0xgjtp7s3ak5s0c96f7 & nostr:npub1mxrssnzg8y9zjr6a9g6xqwhxfa23xlvmftluakxqatsrp6ez9gjssu0htc

*** This is by far one of the top podcast episodes of year ***

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8
🤙

https://fountain.fm/episode/p8T1YAfX5bPlvftGp3EU

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https://image.nostr.build/5429bdacc8c67f2b38938c7588232b2acec242884e20e86c2724a4f85b2ef196.jpg
https://chat.bitcoinsearch.xyz/


Rabbit Hole Recap #273: The Bank Runs Continue

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🤙

https://fountain.fm/episode/j28h7yn92PiJwdQO1ShX

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When your 3 yr old son understands #Bitcoin and is ready to help you stack sats in fiatland

https://video.nostr.build/d0e9d1ecbd8d9f24efe124f05ee314feea59c25ae2d03f06b743979cbee1b8b4.mp4


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https://image.nostr.build/3df479f055942dde9a4dfb446e71f5b9d1b92de34ce14108d2164c7f9e67c456.jpg