The major function of praxeology—of economics—is to bring to the world the knowledge of these indirect, these hidden, consequences of the different forms of human action. The hidden order, harmony, and efficiency of the voluntary free market, the hidden disorder, conflict, and gross inefficiency of coercion and intervention—these are the great truths that economic science, through deductive analysis from self-evident axioms, reveals to us. Praxeology cannot, by itself, pass ethical judgment or make policy decisions. Praxeology, through its Wertfrei laws, informs us that the workings of the voluntary principle and of the free market lead inexorably to freedom, prosperity, harmony, efficiency, and order; while coercion and government intervention lead inexorably to hegemony, conflict, exploitation of man by man, inefficiency, poverty, and chaos. At this point, praxeology retires from the scene; and it is up to the citizen—the ethicist—to choose his political course according to the values that he holds dear.

- Murray Rothbard


A comprehensive understanding of economic exchange illuminates the transformative power of voluntary transactions and the consequences of coercion. Voluntary exchanges, driven by self-interest, freedom, and mutual benefit, unleash the forces of prosperity, innovation, and personal autonomy. They create a society where individuals can freely engage in mutually beneficial transactions, fostering societal well-being and upholding the moral fabric of economic interactions.

Conversely, coercion disrupts the delicate balance of power, compromises individual freedom, and distorts the ethical foundations of economic exchange. By recognizing the moral implications of voluntary and coerced exchanges, we gain profound insights into the virtues of voluntary transactions and the detrimental effects of coercion on market effectiveness and individual freedom.

https://mises.org/mises-wire/simplicity-and-significance-mutual-economic-exchange


nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcjgxv3n's Take_092 - Inflation Does One Thing

https://fountain.fm/episode/H6FpcGLKSqp0zWIFugZN


🚀 BR078: Nostr Rising 01 - Permissionless Algos ft. nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s , nostr:npub1jlrs53pkdfjnts29kveljul2sm0actt6n8dxrrzqcersttvcuv3qdjynqn , nostr:npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr & nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8

Listen to the episode:
➡ Fountain: https://fountain.fm/episode/rrZNKoROI34ccbuWesrW
➡ Spotify: https://open.spotify.com/episode/2tDCZy6qAGpVGEQVVkwluN
➡ Amazon: https://music.amazon.com/podcasts/2e6729fd-6d66-4d74-8cd7-6d7e8e036542/episodes/ef5eab3d-6762-4917-9b5e-77cd99dd9f7c/bitcoin-review-podcast-with-nvk-guests-br078-nostr-rising-01---permissionless-algos-ft-jb55-hodlbod-miljan
➡ Apple: https://podcasts.apple.com/us/podcast/br078-nostr-rising-01-permissionless-algos-ft-jb55/id1632017958?i=1000673073635
➡ YouTube: https://youtu.be/tyj5CU6i1Bo

Shownotes:
➡ Website: https://bitcoin.review/podcast,/nostr/episode-78/
➡Substack: https://open.substack.com/pub/bitcoinreview/p/br078-nostr-rising-01-permissionless

Damus creator Will perfectly explains why we're all so excited about nostr.  (This is it!)👇
https://m.primal.net/LWDr.mov


In this episode, Kenji Tateiwa, CEO of Agile Energy X, discusses his extensive background in nuclear engineering and the impact of the Fukushima disaster on public perception of nuclear energy. He explains the innovative concept behind Agile Energy X, which leverages wasted renewable energy through Bitcoin mining to address curtailment and grid congestion issues in Japan. Kenji elaborates on the unique flexibility of Bitcoin mining as an energy buyer and its potential role in the future energy landscape, including the integration of circular economy principles. The conversation also touches on the challenges and opportunities in Japan’s energy production, particularly regarding nuclear energy and the need for a diverse energy portfolio.

https://stephanlivera.com/episode/609/


The establishment of a ruling class over an exploited one many times its size by coercion and the manipulation of public opinion (i.e., a low degree of class consciousness among the exploited), finds its most basic institutional expression in the creation of a system of public law superimposed on private law. The ruling class sets itself apart and protects its position as a ruling class by adopting a constitution for their firm’s operations. On the one hand, by formalizing the internal operations within the state apparatus as well as its relations vis-à-vis the exploited population, a constitution creates some degree of legal stability. The more familiar and popular private law notions are incorporated into constitutional and public law, the more conducive this will be to the creation of favorable public opinion. On the other hand, any constitution and public law also formalizes the exemplary status of the ruling class as regards the homesteading principle. It formalizes the right of the state’s representatives to engage in nonproductive and noncontractual property acquisitions and the ultimate subordination of private to public law.

Class justice, i.e., a dualism of one set of laws for the rulers and another for the ruled, comes to bear in this dualism of public and private law and in the domination and infiltration of public law over and into private law. It is not because private-property rights are recognized by law, as Marxists think, that class justice is established. Rather, class justice comes into being precisely whenever a legal distinction exists between a class of persons acting under and being protected by public law and another class acting under and being protected instead by some subordinate private law. More specifically then, the basic proposition of the Marxist theory of the state in particular is false. The state is not exploitative because it protects the capitalists’ property rights, but because it itself is exempt from the restriction of having to acquire property productively and contractually.

- Hans-Hermann Hoppe


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

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


More than force is needed to expand exploitation over a population many times its own size. For this to happen, a firm must also have public support. A majority of the population must accept the exploitative actions as legitimate. This acceptance can range from active enthusiasm to passive resignation. But it must be acceptance in the sense that a majority must have given up the idea of actively or passively resisting any attempt to enforce nonproductive and noncontractual property acquisitions. The class consciousness must be low, undeveloped and fuzzy. Only as long as this state of affairs lasts is there still room for an exploitative firm to prosper even if no actual demand for it exists. Only if and insofar as the exploited and expropriated develop a clear idea of their own situation and are united with other members of their class through an ideological movement which gives expression to the idea of a classless society where all exploitation is abolished, can the power of the ruling class be broken. Only if, and insofar as, a majority of the exploited public becomes consciously integrated into such a movement and accordingly displays a common outrage over all nonproductive or noncontractual property acquisitions, shows a contempt for everyone who engages in such acts, and deliberately contributes nothing to help make them successful (not to mention actively trying to obstruct them), can its power be brought to crumble.

- Hans-Hermann Hoppe


 Bitcoin Is Money For Heroes with nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcjgxv3n

nostr:nprofile1qqsgt0d4sa0pz0wvn9yck36xxezf3qhwzksu0q254vruqed5wvuavuspzfmhxue69uhhqatjwpkx2urpvuhx2ucpzfmhxue69uhky6t5wd6xzcmt9eshquqpr9mhxue69uhhyetvv9ujumtfde5kymmvwshxjmnxdu4ryj8q
nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8sprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqydhwumn8ghj7un9d3shjtnzd96xxmmfdecxzunt9e3k7mgpp4mhxue69uhkummn9ekx7mq9hxafw

https://fountain.fm/episode/S7jgmzR4UHLg7X4mZo0P


Philipp Bagus on the Flaws in the "Real Bills" Doctrine

https://fountain.fm/episode/7vSvF9EX1iXUV82rIrOL


Instead of being constrained by cost and demand conditions, the growth of an exploiting firm is constrained by public opinion: non-productive and non-contractual property acquisitions require coercion, and coercion creates victims. It is conceivable that resistance can be lastingly broken by force in the case of one man (or a group of men) exploiting one or maybe two or three others (or a group of roughly the same size). It is inconceivable, however, to imagine that force alone can account for the breaking down of resistance in the actually familiar case of small minorities expropriating and exploiting populations ten, hundreds, or thousands of times their size. For this to happen a firm must have public support in addition to coercive force. A majority of the population must accept its operations as legitimate. This acceptance can range from active enthusiasm to passive resignation. But acceptance it must be in the sense that a majority must have given up the idea of actively or passively resisting any attempt to enforce non-productive and non-contractual property acquisitions. Instead of displaying outrage over such actions, of showing contempt for everyone who engages in them, and of doing nothing to help make them successful (not to mention actively trying to obstruct them), a majority must actively or passively support them. State-supportive public opinion must counterbalance the resistance of victimized property owners such that active resistance appears futile. And the goal of the state, then, and of every state employee who wants to contribute toward securing and improving his own position within the state, is and must be that of maximizing exploitatively acquired wealth and income by producing favorable public opinion and creating legitimacy.

- Hans-Hermann Hoppe


Everything Voluntary ✌


The human race divides politically into those who want people to be controlled and those who have no such desire.

- Robert Heinlein


Bringing Thomas Sowell to the Stage

https://fountain.fm/episode/72uhfrHaAZskhjDSuhQt


🚀 BR077 - BIP85 Drama, Bitcoin Core, secp256k1, DATUM, Jam, Krux, Twelve Cash, NomadNet, Salt Typhoon Hack + MORE ft. nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw , nostr:npub1p4kg8zxukpym3h20erfa3samj00rm2gt4q5wfuyu3tg0x3jg3gesvncxf8 &
nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8

Listen to the episode:
➡ Fountain: https://fountain.fm/episode/h61D8c5ovOQtJVCAFhJx
➡Spotify: https://open.spotify.com/episode/2ognV7itG3I4j1Si8DUm98?si=VllWdZJST-2AcxqLdL5d4Q
➡Amazon: https://music.amazon.com/podcasts/2e6729fd-6d66-4d74-8cd7-6d7e8e036542/bitcoin-review-podcast-with-nvk-guests
➡Apple: https://podcasts.apple.com/us/podcast/br076-sparrow-anchorwatch-exploding-pagers-bitcoin/id1632017958?i=1000670711575
➡YouTube: https://youtu.be/TBRK_ANuiJU

Shownotes:
➡ Website: https://bitcoin.review/podcast/episode-77/
➡ Substack: https://open.substack.com/pub/bitcoinreview/p/br077-bip85-drama-bitcoin-core-secp256k1

NVK addresses the recent BIP85 "drama" and shares his thoughts on the BIP process, and Rob gives a great explainer on BIP85 and why the breaking change matters. 👇
https://m.primal.net/LRcq.mov


While exploitation and expropriation may have seemed bad, they seem much less so, mankind being what it is, once one is given the chance to participate in its process, and while the ambitions of potential power-wielders within the general public previously must have been frustrated, now there is an institutionalized outlet for them.

In paying the price of democratizing its constitution, the state corrupts substantial parts of public opinion into gradually losing sight of the fundamental fact that an act of exploitation and expropriation is in all appearances and consequences the same no matter how and by whom it is decided and enforced. It lures them instead into accepting the view that such acts are legitimate as long as one is guaranteed a say over them somewhere along the line and could somehow somewhere participate in the selection of the state-personnel.

- Hans-Hermann Hoppe


Today, little is left of this ethic of private property and its anti-government vigilance. Although they now take place on a much grander scale, governmental appropriations of private property owners are overwhelmingly regarded as legitimate. There is no longer a general public opinion that regards government as an antisocial institution based on coercion and unjust property acquisitions, to be opposed and ridiculed everywhere and at all times on principled grounds. No longer is it generally regarded as morally despicable to propagate or, even worse, to actively participate in the enforcement of acts of expropriation, and no longer is it the general opinion that one would not have any private dealings whatsoever with people who engaged in such activities.

On the contrary, instead of being laughed off the stage or met with open hostility or passive indignation, such people are respected as decent and honest men. The politician who actively supports a continuation of the ongoing system of non-contractual property taxation and regulation or who even demands its expansion is treated everywhere with respect, rather than contempt. The intellectual who justifies taxation and regulation receives recognition as a deep and profound thinker in the public eye, instead of being exposed as an intellectual fraud. The IRS agent is regarded as a man doing a job just as legitimate as yours and mine, and not as an outcast that no one wishes to have as a relative, friend, or neighbor.

- Hans-Hermann Hoppe


The size of government does not increase because of any objective causes over which ideas have no control and certainly not because there is a demand for it. It grows because the ideas that prevail in public opinion of what is just and what is wrong have changed. What once was regarded by public opinion as an outrage, to be treated and dealt with as such, has become increasingly accepted as legitimate.

- Hans-Hermann Hoppe


Experience cannot beat logic, and interpretations of observational evidence which are not in line with the laws of logical reasoning are no refutation of these but the sign of a muddled mind (or would one accept someone’s observational report that he had seen a bird that was red and non-red all over at the same time as a refutation of the law of contradiction rather than the pronouncement of an idiot?).

- Hans-Hermann Hoppe


Taxation is not just a punishment of consumption without any effect on productive efforts; it is also an assault on production as the only means of providing for and possibly increasing future income and consumption expenditure. By lowering the present value associated with future-directed, value-productive efforts, taxation raises the effective rate of time preference, i.e., the rate of originary interest and, accordingly, leads to a shortening of the period of production and provision and so exerts an inexorable influence of pushing mankind into the direction of an existence of living from hand to mouth. Just increase taxation enough, and you will have mankind reduced to the level of barbaric animal beasts.

- Hans-Hermann Hoppe


Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things. Only economic action has created the wealth around us; labor, not the profession of arms, brings happiness. Peace builds, war destroys.

- Mises

nostr:nevent1qqsfq4srvxp3dzptgakm836hzedqhh4w4v24x4hr5dr84lxa0xhtshcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqs3zqkda


Every human social order is built on a foundation of voluntary cooperation.

Especially bitcoin.

nostr:nevent1qqsf8r0ap6vv87sy8atltzmcyczpz8p9qnljuajs5k5agdefq76zr2cpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygq6lcx8fc7h0p8t4ya9u0a92jnwavqe9rgjwwdw3wjgxfuxsz8rd5psgqqqqqqsfxffcd


Stay humble, stack sats, and starve the State.

https://fountain.fm/episode/OQYuv9KZ8XG5Mahyzr7a

nostr:nevent1qvzqqqpxquqzqly6qdgh22czs9kpllekkrfs36kdnxdt5g9c08ec2nyaewh6pr659rqz8v


🎃
https://image.nostr.build/a8e7533675ac5f6090693585f91bdf2e6a9e651a1d164d783957209265807153.jpg


"If we are to meaningfully oppose state power, it is necessary to encourage, grow, and sustain institutions and organizations over which states cannot so easily roll their enormous weight."

https://mises.org/mises-wire/why-its-not-enough-hate-state


To Beat the State, We Must Replace It

https://fountain.fm/episode/qN1afJcui68ZdMORiYUb


Dinesh D'Souza
https://fountain.fm/episode/rZIdCWwMzOLDjAzRIQ41


Let us look, for instance, at the present-day United States. Assume that by a legislative act the state had abolished its right to provide security with tax funds and a competitive system of security production was introduced. Given the state of public opinion, how likely would it then be that outlaw producers would spring up, and what if they did? Evidently, the answer would depend on the reactions of the public to this changed situation. Thus, the first reply to those challenging the idea of a private market for security would have to be: What about you? What would your reaction be? Does your fear of outlaw companies mean that you would then go out and engage in trade with a security producer that aggressed against other people and their property, and would you continue supporting it if it did? Certainly the critic would be much muted by this counterattack. But more important than this is the systematic challenge implied in this personal counterattack. Evidently, the described change in the situation would imply a change in the cost-benefit structure that everyone would face once he had to make his decisions. Before the introduction of a competitive system of security production, it had been legal to participate in and support (state) aggression. Now such an activity would be an illegal activity. Hence, given one’s conscience, which makes each of one’s own decisions appear more or less costly, i.e., more or less in harmony with one’s own principles of correct behavior, support for a firm engaging in the exploitation of people unwilling to deliberately support its actions would be more costly now than before. Given this fact, it must be assumed that the number of people, among them even those who otherwise would have readily lent their support to the state, who would now spend their money to support a firm committed to honest business would rise and would rise everywhere this social experiment was tried. In contrast, the number of people still committed to a policy of exploitation, of gaining at the expense of others, would fall. How drastic this effect would be would of course depend on the state of public opinion. In the example at hand—the United States, where the natural theory of property is extremely widespread and accepted as a private ethic, the libertarian philosophy being essentially the ideology on which the country was founded and that led it to the height it reached —the effect would naturally be particularly pronounced. Accordingly, security producing firms committed to the philosophy of protecting and enforcing libertarian law would attract the greatest bulk of public support and financial assistance. And while it may be true that some people, and among them especially those who had profited from the old order, might continue their support of a policy of aggression, it is very unlikely that they would be sufficient in number and financial strength to succeed in doing so. Rather, the likely outcome would he that the honest companies would develop the strength needed—alone or in a combined effort and supported in this effort by their own voluntary customers—to check any such emergence of outlaw producers and destroy them wherever and whenever they came into existence.

- Hans-Hermann Hoppe


Even if security is considered to be a public good, in the allocation of scarce resources it must compete with other goods. What is spent on security can no longer be spent on other goods that also might increase consumer satisfaction. Moreover, security is not a single, homogeneous good, but rather consists of numerous components and aspects. There is not only prevention of crime, detection of criminals, and enforcement of the law, but there is also security from robbers, rapists, polluters, natural disasters, and so on. Moreover, security is not produced in a “lump,” but can be supplied in marginal units. In addition, different people attach different importance to security as a whole, and also to different aspects of the whole thing, depending on their personal characteristics, their past experiences with various factors of insecurity, and the time and place in which they happen to live. Now, and here I address the fundamental economic problem of allocating scarce resources to competing uses, how can the state-an organization not financed exclusively by voluntary contributions and the sales of its products but rather partially or even wholly by taxes—decide how much security to produce, how much of each of its countless aspects, to whom and where to provide how much of what? The answer is that it has no rational way to decide this question. From the point of view of the consumers, its response to their security demands must thus be considered arbitrary. Do we need one policeman and one judge, or 100,000 of each? Should they be paid $100 a month or $10,000? Should the policemen, however many we might have, spend more time patrolling the streets, chasing robbers, and recovering stolen loot, or spying on participants in victimless crimes such as prostitution, drug use, or smuggling? And should the judges spend more time and energy hearing divorce cases, traffic violations, cases of shoplifting, and murder, or antitrust cases? Clearly, all of these questions must be answered somehow because as long as there is scarcity and we do not live in the Garden of Eden, the time and money spent on one thing cannot be spent on another. The state must answer these questions, too, but whatever it does, it does it without being subject to the profit-and-loss criterion. Hence, its action is arbitrary and necessarily involves countless wasteful misallocations from the consumer’s viewpoint. Independent to a large degree of consumer wants, the state-employed security producers instead do, as everyone knows, what they like. They hang around instead of doing anything, and if they do work they prefer doing what is easiest or work where they can wield power rather than serving consumers. Police officers drive around a lot in cars, hassle petty traffic violators, and spend huge amounts of money investigating victimless crimes that many people (i.e., nonparticipants) do not like but that few would be willing to spend their money on to fight, as they are not immediately affected by them. Yet with respect to what consumers want most urgently—the prevention of hardcore crime (i.e., crimes with victims), the apprehension and effective punishment of hard-core criminals, the recovery of loot, and the securement of compensation of victims of crimes from the aggressors—the police are notoriously inefficient, in spite of ever higher budget allocations.

- Hans-Hermann Hoppe


Indeed, the arguments supposedly proving market failures are nothing short of patently absurd. Stripped of their disguise of technical jargon all they prove is this: A market is not perfect, as it is characterized by the nonaggression principle imposed on conditions marked by scarcity, and so certain goods or services that could only be produced and provided if aggression were allowed will not be produced. True enough. But no market theorist would ever dare deny this. Yet, and this is decisive, this “imperfection” of the market can be defended, morally as well as economically, whereas the supposed “perfections” of markets propagated by the public goods theorists cannot. It is true enough, too, that a termination of the state’s current practice of providing public goods would imply some change in the existing social structure and the distribution of wealth. And such a reshuffling would certainly imply hardship for some people. As a matter of fact, this is precisely why there is widespread public resistance to a policy of privatizing state functions, even though in the long run overall social wealth would be enhanced by this very policy. Surely, however, this fact cannot be accepted as a valid argument demonstrating the failure of markets. If a man has been allowed to hit other people on the bead and is now not permitted to continue with this practice, he is certainly hurt. But one would hardly accept that as a valid excuse for upholding the old (hitting) rules. He is harmed, but harming him means substituting a social order in which every consumer has an equal right to determine what and how much of anything is produced, for a system in which some consumers have the right to determine in what respect other consumers are not allowed to buy voluntarily what they want with the means justly acquired by them and at their disposal. And certainly, such a substitution would be preferable from the point of view of all consumers as voluntary consumers.

- Hans-Hermann Hoppe


CD140: OCEAN MINING WITH LUKE, MARK, JASON, AND MECHANIC

-  nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze
-  nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk
-  nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr

https://cdn.satellite.earth/cc8a848120f73359f8314dd8ca26c72ca7efbb0c30e6409b79d5086f17c0b5aa.mp4


In which nostr:npub1art8cs66ffvnqns5zs5qa9fwlctmusj5lj38j94lv0ulw0j54wjqhpm0w5 and I introduce a new song... and highlight a few cool things from the Bitcoin Core v28 release.
https://fountain.fm/episode/3NQcPj1AdzBCfNhE7Bil


Jason Fry Plans for Peace By Preparing for National Divorce

https://fountain.fm/episode/ZzKeZNhLY1SfC30K21Lv


The more laws and restrictions there are,

The poorer people become.

The sharper men’s weapons,

The more trouble in the land.

The more ingenious and clever men are,

The more strange things happen.

The more rules and regulations,

The more thieves and robbers.

Therefore, the sage says:

I take no action and people are reformed.

I enjoy peace and people become honest.

I do nothing and people become rich.

I have no desires and people return to the good and simple life.

https://mises.org/mises-wire/tao-and-synergy-spontaneous-order

nostr:nevent1qqsz6apkktk793qtw2waemd9h4p3p3z550r6mh54xsdcaezd30hpfgspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg82krn4d5etsz7dge8nmpztspqrqvr45yl2hs6enfmzexk84wglfupsgqqqqqqsfygwm6


Susanne Gibbs Gives a Quick Start Guide for Homeschooling Parents

https://fountain.fm/episode/j55GwejSvzTHe1qyZcov


WE'RE BACK MOFOS!!!🚨

It's time for Guy's Roundtable Part 2!
Looking back on the crazy month of September with
Coinbase paper BTC concerns,
Blackrock changing their T&Cs,
new custodians from traditional fiat land,
some bad news about mining decentralization,
some good news about mining decentralization,
privacy vs anonymity
& MORE!

Join myself, @`Simple Steve` @`Bitcoin Mechanic` and @`Jeff Swann` as we rip through the fog of war and bring you the #Bitcoin signal 🔥

https://m.primal.net/LLRU.gif

https://fountain.fm/episode/1bJR5egDBcLIVO43Rw5m


Paul Cwik's New Introduction to Austrian Business Cycle Theory

https://fountain.fm/episode/3wcjk3bY24xPLX1pdPyu


Stay humble, stack sats, and starve the State.

https://fountain.fm/episode/7JDFuhMEy9GwCKzMfAH1

nostr:nevent1qvzqqqpxquqzqg57thd9v3r27ccnms80gc3w78w9q4c6jy8aq9ng3a9m2wwel8qlvcf9jc


Deep thinkers
https://video.nostr.build/aae5acc94658c799b9d37121b87ef9286f1a6bdcef2b23912a3c615e312ad891.mp4


The US government is the real natural disaster that our nation is drowning under.


Cronyism and Historical Revisionism

https://fountain.fm/episode/oi6IvU2zqlTdvNGuQI9x


Without government thugs, who would stop volunteer first responders from reaching disaster victims?


🎯 - I'm reading Breaking Away right now. Very approachable.


Although Western regimes like the United States like to talk a lot about self-determination for others outside the US itself, the regime and its supporters steadfastly deny that the nation contains any minority groups—ideological, religious, or otherwise—that ought to be granted autonomy in the fashion of colonized populations in Africa or Asia. Even when the Left emphasizes the existence of “oppressed minorities” the answer always lies in a larger, more active regime, and in promises of more democracy.

- Ryan McMaken


https://image.nostr.build/b088fb8cccf7cac60b6ff61a64d75dd85669ca7e6c1a2bd4cd99b84cc642944e.jpg
https://video.nostr.build/a142a214c3293c2e88fd4f0360d95e922bac6174a426073324f3324ccbad4d45.mp4


The recognition of the insuperable limits to his knowledge ought indeed to teach the student of society a lesson in humility which should guard him against becoming an accomplice in men’s fatal striving to control society—a striving which makes him not only a tyrant over his fellows, but which may well make him the destroyer of a civilization which no brain has designed but which has grown from the free efforts of millions of individuals.

— Friedrich A. Hayek


We are confronted by the appearance of social institutions unintentionally created, vital for the welfare of society, which are not the result of reasoned planning.

- Carl Menger


Tom Luongo on the Rival Factions Among Bankers

https://fountain.fm/episode/1zAKagUWZGEOeH6IC5Fl


Listening to people who want to destroy you:

You will sleep around & avoid responsibilities until you are old & lonely & you will blame the world's problems on people having kids.

You will follow corp health advice, end up sick, & you will blame the healthy.

You will support authoritarians, it will destroy all prosperity, & you will blame those who are still trying to keep some business alive.

You will be trapped in debt using devalued dollars & you will blame those who aren't.

Snap out of it, before it's too late.
#Bitcoin #Freedom


everyone has some type of magic inside them. If a person can find their magic and lovingly cultivate it, they'll truly feel alive every day.


There is no other possibility than either the order governed by the impersonal discipline of the market or that directed by the will of a few individuals; and those who are out to destroy the first are wittingly or unwittingly helping to create the second.

- F. A. Hayek


You’d have to ask him, but I highly doubt he’s implying that only credentialed economists have valid opinions. It seems more like he's venting after spending too much time in the Twitter comments section.


Yes lol


Yesterday, Tornado Cash judge stated code is not speech, non-custodial software providers can be money transmitters, and specific knowledge of criminal activity is not required to be charged with conspiracy to commit money laundering.

A breakdown of all the arguments:

https://www.therage.co/tornado-cash-code-not-speech-non-custodial-msbs-knowledge-not-required/


Stay humble, stack sats, and starve the State.

https://fountain.fm/episode/qltr6tLa6LUs458CTFnx

nostr:nevent1qvzqqqpxquqzpzgjqmvqxnqpdua2xz2w5uwgmkgu53zytd9nt8yyfd5cfm7fwxh0k2dnk0


This is the Way

nostr:nevent1qqsgmmcruwm70llq3mekxe8pwkd0qvf797f2fldfqhvelmy4n7ys76gpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsph5e28p48hehk3zeaclzgpm7zrnv5ddp74s2t5ja8sd9vw73ru6grqsqqqqqpef9kky


Holding on to anger is like grasping a hot coal with the intent of throwing it at someone else; you are the one who gets burned.


The Three Doors: Which One Will Bitcoin Step Through?

nostr:nprofile1qqsrwseygwgtu5688flrkwudqnwws0mvj52tsx5e07emzg7qwthe77qpzdmhxue69uhhwmm59e6hg7r09ehkuef00wfgm8

https://bitcoinmagazine.com/culture/the-three-doors-which-one-will-bitcoin-step-through


Why the Regime Hates Homeschooling

https://fountain.fm/episode/7SfYdwi6MOBC0ToaWvbI


"Bitcoin implicates the First Amendment. As a system for collecting and communicating
information ranging from payment data to art, bitcoin is speech. As a statement of protest against the government’s monopoly over money, bitcoin is expressive conduct. And as a collection of individuals that share bitcoin’s hard-coded principles of individual liberty, anti-censorship, and anti-debasement,
bitcoin is an expressive association."

nostr:nevent1qqsgfcpd8xyndtj2r4akrpunfwtuuky3j4c0y7m6dangc0uh82rs4qqpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsw3znfr6vdnxrujezjrhlkqqjlvpcqx79ys7gcph9mkjjsy7zsgygrqsqqqqqp5cth2e


How Government Propped Up Slavery

https://fountain.fm/episode/RSP4MwR9HicHkMKClin3


See you in the Void 🤙


nostr:nprofile1qqsqh808ch5z6fkzs45s5y7dzeq5nfdqaccnrwv39cwqhvmvv668r2cpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtcfz5pfs on Bitcoin Privacy, Blockchain Analysis & Wasabi Wallet

nostr:nprofile1qqs9qp2dql3vmuetzq6hw77eeaeej2j2ughers22wch0m2jm7c05w4g7fd4xj

https://fountain.fm/episode/HuieFbBy5EnBQOjQiwd6


The case for individual freedom rests largely upon the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievements of our ends and welfare depend.

— Friedrich Hayek


Socialists regard your property as their property, but even more nefariously they regard your children as their property.

— Michael Malice


The Power of Political Decentralization with Ryan McMaken

nostr:nprofile1qqspnlha0uuujmf07ahc0amz0tnez3dujuwc4v3jq5q9jwd94yfmctcpzpmhxue69uhkummnw3ezumt0d5hsz9thwden5te0wfjkccte9ehx7um5wghxyee0qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uxrvvvv

https://fountain.fm/episode/pu2UYeFcE9i6NwurTTb4


Nothing is more securely lodged than the ignorance of the experts.

— Friedrich Hayek


Can Lightning Liquidity be Solved Using Liquid? Check out my latest ep with  nostr:npub1xyd5ja34s4nk0l6urnh69wx9ep6uuxz2ujrkm2f8n6pfhgqa6y5s2xn6n2 on this question

https://stephanlivera.com/episode/601/


Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

- C. S. Lewis


BBQ chicken pizza!  https://image.nostr.build/67b399751ef5def109393650db4598af0b1fc5e14c0b6d76580c3be6fab30654.jpg


Time is scarce. Every choice requires time, every action takes time, and time can only be spent once. Thus, time is a fundamental constraint in human action.

nostr:nevent1qqsqgk76qdrra8w8u8ke4d9ne5rvcu5kn408ekwae0yz74gu54hh0ggpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygz7wrefw7npy9x7y92ctfqfl9vjuedarwqhwxg8qzhxrymmzq28xupsgqqqqqqs3na9pn


One of the greatest delusions in the world is the hope that the evils in this world are to be cured by legislation.

- Thomas B. Reed


Bitcoin Audible Chat 111 - Brollups, Ark 2.0, and 1000 tps with Burak

nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcjgxv3n

https://fountain.fm/episode/XCig5voZKm5HpbJrJXxm


The Origin of Money: Menger vs. Graeber

https://fountain.fm/episode/QhMtpOvW7o1rv0ifrcH4


Stay humble, stack sats, & starve the State

https://fountain.fm/episode/kTh6gIULW1zAB2GgPOEH

nostr:nevent1qvzqqqpxquqzp2ucc6slc6yw9xkmy8p0lalwq0ut6xkv0rak8cruw5h3y05k9tkr8aw4ae


Stay humble, stack says, & starve the State

https://fountain.fm/episode/kTh6gIULW1zAB2GgPOEH

nostr:nevent1qvzqqqpxquqzp2ucc6slc6yw9xkmy8p0lalwq0ut6xkv0rak8cruw5h3y05k9tkr8aw4ae


Once you admit that the individual is merely a means to serve the ends of the higher entity called society or the nation, most of those features of totalitarianism which horrify us follow of necessity.

— Friedrich Hayek


"The word (capitalism) is tainted. And when people in the streets of countries throughout the developing world chant out their opposition to “capitalism”—meaning, in reality, not genuine freedom but rather unjust dominance by Western powers and their privileged corporate cronies—I think it’s vital for advocates of liberty to be able to make clear that the system of statist oppression the protestors are naming isn’t the system we favor."

nostr:nevent1qqs2njt2wf79yg2pdvhdu68npt97q4hqwmv3q9vrhfhjj00ykgtc7wspzdmhxue69uhhwmm59e6hg7r09ehkuef0qgs0he0gpmydkhzrncjc94ten5j79l5tjk93ah6etgtn4cwg4t6xqacrqsqqqqqpj9daxm


Capitalist-entrepreneurs drive the economy forward in their desire to satisfy the demands of consumers. Capital goods themselves are the causes of economic growth and progress. Everything we see around us is the fruit of capital accumulation and saving by capitalists.

Rather than decry the term “capitalism,” we should be more willing to use the term than ever. Capitalists and capital are the cause of growth and progress. The whole of the market system relies upon them. Capitalism should be readily embraced by all defenders of free markets as a descriptive term. Capital is a central part of society. The term that Marx gave as a mark of derision is, in fact, a perfect descriptor of the benefits of the market system—one that advocates of free markets should make a term of pride.

https://mises.org/mises-wire/yes-we-should-defend-term-capitalism


Having kids magnifies this. Stay mindful of the moment and routinely count your blessings.


Bitcoin Audible Read_843 & 844 - Soft Fork, Covenant Review

nostr:nprofile1qqsve2jcud7fnjzmchn4gq52wx9agey9uhfukv69dy0v4wpuw4w53nqppemhxue69uhkummn9ekx7mp0x9n0tn
nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcjgxv3n

https://fountain.fm/episode/ejj7Ll2L5L0ZmRuQj2ux

https://fountain.fm/episode/DBJ9UYwvO9FTNuDwaw9b


Dr. Jonathan Newman joins Bob to analyze Kamala Harris's proposals against price gouging, and how some mainstream economists defend Government price controls. They also address misconceptions about price gouging and the evolving mainstream narrative on inflation.

https://fountain.fm/episode/bI1NB218wIGXu7jcHpKP


Great @npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take as always.

https://fountain.fm/episode/4RQ6p0eYBGtmjNfhoRp6

nostr:nevent1qvzqqqpxquqzq6ygv7u52c7gwvpmne0vkmh92kdyatl9tlrvc0gzewjgnhl0y5ct0064vk


Great Guy's Take as always.

https://fountain.fm/episode/4RQ6p0eYBGtmjNfhoRp6

nostr:nevent1qvzqqqpxquqzq6ygv7u52c7gwvpmne0vkmh92kdyatl9tlrvc0gzewjgnhl0y5ct0064vk


The Classical Economists' Theory of Value Was More Sophisticated than You Think

Bob quotes from David Ricardo to show that the classical economists understood that utility was essential to explaining market value, but then he also explains why the Marginalist Revolution was a scientific advancement.

https://fountain.fm/episode/zDV748rbTHpW20gigJrV


Ryan McMaken and economist Jonathan Newman look at what happens when governments try to control prices. It turns out bad things happen.

https://fountain.fm/episode/SgawKoXjvXEjtmwpZZQt


Blaming price increases on corporate greed is like blaming plane crashes on gravity

https://fountain.fm/clip/LNMVquWxQADZhPJZhpqV

#inflation #fiat #economics


https://fountain.fm/episode/sUnwoGmWFHZx3FrlJMFw Great from Ryan McMaken. Mostly on Mises’ definition of “democracy” and how the term has been propagandized.


They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society.

Their perfect adjustment to that abnormal society is a measure of their mental illness.

- Aldous Huxley


"state-run media"


nostr:nprofile1qqsf2ds69dp2ympzhtpmdd46f3w2cnfkjphtpnaesf5xs8z95vqu2xqpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcny8cm0 on Popular Bitcoin Myths

nostr:nprofile1qqs9qp2dql3vmuetzq6hw77eeaeej2j2ughers22wch0m2jm7c05w4g7fd4xj

https://fountain.fm/episode/FxItzUdZLz48Q6qETuQ1


"There can be no acceptable future without an honest analysis of the past."

- Aleksandr Solzhenitsyn


"Left-wing politicians take away your liberty in the name of children and of fighting poverty, while right-wing politicians do it in the name of family values and fighting drugs. Either way, government gets bigger and you become less free."

- Harry Browne


Back to the fiat mines. ⛏


🥨 from scratch

#bake
#food
#pretzel

https://image.nostr.build/0083cb6d73f2e4fde52c4e8e9b6bfaba7a4e38712c3fbb1452f34d16e1c1920d.jpg


It’s not about being "most correct" but understanding that economic phenomena arise from complex, subjective interactions, making precise predictions impossible. The Austrian method emphasizes the limits of economic knowledge, rejecting the idea of economics as a purely objective science, and instead view it as a process of discovering and interpreting human action.


Thanks! I'm truly blessed. 🙏


❤❤❤ 854992 ❤❤❤


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

  - Friedrich Hayek


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

-Ludwig von Mises


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

 - Thomas Sowell


Alexis de Tocqueville: The Dangers of Democracy!

https://youtu.be/K3jrTf0OdkE


Kamala's Palace Coup | Radio Rothbard

https://fountain.fm/episode/F8r3mtP8ypK12Z99JWSr


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

- Mises


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

Robert A. Heinlein


nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcjgxv3n's Take_088 - The Hard Truth

https://fountain.fm/episode/cLNMTcWrFO3hlQXk8e1K


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


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

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

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

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

- Murray Rothbard


The Fertility Crisis and Cultural Answers to it with Daniel Hess

nostr:nprofile1qqspnlha0uuujmf07ahc0amz0tnez3dujuwc4v3jq5q9jwd94yfmctcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhs5z8ky6
🤙

https://fountain.fm/episode/iiY2K9t8Ii58QCnJ1NqU


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

- Ludwig von Mises


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

https://fountain.fm/episode/ueUArIO2HnNt87ZHVmsZ


GM ☕

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


Abundance, Generosity, and the State with Guido Hulsmann

nostr:nprofile1qqspnlha0uuujmf07ahc0amz0tnez3dujuwc4v3jq5q9jwd94yfmctcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhs5z8ky6
🤙

https://fountain.fm/episode/NreaQV4UZYLFLX3x06tP


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


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


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

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


 Nobody Cares About the Federal Debt

https://fountain.fm/episode/LvaQuDKn0vQD7Ya6A537


Tackling More of Robert Reich's 'Economic Myths'

https://fountain.fm/episode/RHAZNiAULQfV55FdvgEL


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

- F.A. Hayek


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

- F.A. Hayek


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

- F.A. Hayek


Hot Take: America's Revolution Was Great

https://fountain.fm/episode/LO8T93RsAu9AXL9TBF4G


Bitcoin Audible Read_831 - Lightning Alliance to Accelerate Adoption

nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcjgxv3n
🤙

https://fountain.fm/episode/FI5HkdmADfDgRJls84sY


Jalapeno 🧀 🍞

😳

#food
#bake
#bread

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


Once one concedes that a single world government is not necessary, then where does one logically stop at the permissibility of separate states? If Canada and the United States can be separate nations without being denounced as in a state of impermissible ‘anarchy’, why may not the South secede from the United States? New York State from the Union? New York City from the state? Why may not Manhattan secede? Each neighbourhood? Each block? Each house? Each person?

- Murray Rothbard


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


Everything Voluntary ✌

nostr:nevent1qqspj3q4ygfuhh8pe7820hsq47c9zldjagw2a86kwg3t6vgq4fu73fgpz9mhxue69uhkummnw3ezuamfdejj7q3qajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusxpqqqqqqzdrltwd


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

- F.A. Hayek


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

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

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

- Mises

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


 How to Win Arguments, with Gene Epstein

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


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

- Hilaire Belloc


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

— Lawrence W. Reed


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

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

- F.A. Hayek


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

- F.A. Hayek


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

- Thomas Sowell


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

- Alan Watts


History doesn’t repeat, it rhymes.

nostr:note1qyc86sn8tf3hf2mf5wkwhxgzfxw9r7umjrspmcy4wps8jqtywp3sv2hnkx


Debate Recap: The Funeral of Joe Biden

https://youtu.be/lmyll6Yfjh4


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


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

nostr:nevent1qqs02le834kkenhwv0lqf4kqalg034jj27tmkc9dchmqsagkwqy0nvqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqsw96w32


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

- Walter Lippmann


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

- Hölderlin


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

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


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

- F.A. Hayek


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

nostr:nevent1qqs2w5fw2fkrarshrrlptyyszgjpmlcrdr9hn0mjpwfrx9jsgxn6sgcpz9mhxue69uhkummnw3ezuamfdejj7q3qt42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qxpqqqqqqz60nu48


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

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

- F.A. Hayek


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

https://fountain.fm/episode/hqEPfcfA4cp4KZSuYR0O


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

— Lawrence W. Reed


The Dysfunctional State with Michael Malice

nostr:nprofile1qqs2auxkkgfgylem580xrztp8ek5sf83s86k0vfq2feuz6y4lkhskgcppemhxue69uhkummn9ekx7mp0lxprea

https://fountain.fm/episode/ObpUeiU1MRuZUOGxVFx5


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

— Thomas Pynchon


Above all, do not lie to yourself.

― Dostoevsky


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

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

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

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

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


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

https://fountain.fm/episode/hTXQDG7T6RH1a1cF5Xqy


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

- Julian Assange


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


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

- A. Huxley


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

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


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

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

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


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

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


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

- Thomas Jefferson


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

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


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

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

geyser.fund/project/bitcoi…

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

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

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


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

- Leonard Read


Bitcoin Audible Read_829 - Seamless and Scalable Bitcoin Payments

nostr:npub1hf5sgehj874r3y2hps9r36qap20cffauc7t895var2ajlsg32mcqa7dp8n
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/C7nXm9eEhNncK014vKXA


Tackling Robert Reich's First Two "Economic Myths"

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


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

- Murray Rothbard


nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv

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


In one week

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

nostr:nevent1qqswsskvm89vcaahtnemhjpreysyq8dhaujpgaqkk7fzj4h99c52q2spz9mhxue69uhkummnw3ezuamfdejj7q3qt74uhevcmuq7pawzfsg8srlgqadx8v3rkf22stu83wjqtm6kqq8sxpqqqqqqzh55g6a


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

- Ron Paul

nostr:nevent1qqsv8yuag0f5t2uqge7fzzmn9wjxl694fgzknwmk0z4ycjeuw69n3mqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg9euaj5dwsxg4hdxqweu54uf8ay3ec2d0ezs2l85xh899rkzgprmspsgqqqqqqstprchf


Bitcoin Ossification Debate with Vijay Boyapati and nostr:npub1su60ga79paqea8kgkp52qeq4eduhtexc957m8utg4704xddprf4szmsu60

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/rEp9z0XBjePj5LUb3px3


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

https://fountain.fm/episode/VI1Mm0VdHhLSMnNhcBCI


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

- Mises


Statism is the most dangerous religion.


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

— Friedrich Hayek


#ReadMoreHoppe


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

- Hans Herman Hoppe


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

- Murray Rothbard


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

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


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


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

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

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

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

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

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


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

— Lawrence W. Reed


Bitcoin Audible Read_828 - Orange Pilling Has Stopped Working

nostr:npub1ey6qdmvzcgcsr883m9nspzz0mm037l26xtardzcskfsvc6gc7jssm9szvp
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/f0pLH0HS8AAnCHpefX9z


LARP szn! 🎨🔐🧩 nostr:note1appvekw2e3mmwh8nh0yz8jfqgqwm0meyz36pdduj99tw2t3g5q4qfwfev4


Got the zap ⚡


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

nostr:nevent1qqsfwdn9vyxzl7edjffyjygwnem6epacjkyvvlm7e5lm3yvgju8x2kcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygq4wlj9n8w3pjrrfx878sstmq42ltuznfv4e6putnu2cdrr2vdsnvpsgqqqqqqsmmegyx


Bitcoin Audible Read_827 - The Conflict of Men's Interests

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/t11w7CNZIkbWGOr2bVRT


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

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

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

Thanks nostr:npub1e0z776cpe0gllgktjk54fuzv8pdfxmq6smsmh8xd7t8s7n474n9smk0txy & nostr:npub1r7psmkr4zv93xnal8un6d8hvmpsn5jvhfzn3kk38rfcel6awznks7znspg

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

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


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

- Hans Herman Hoppe


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

— Friedrich Hayek


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

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


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


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

nostr:npub1k7tcreyu0w970fxsht8ccw54az2yh27agf4x2s92crwam9mw9cws558edl
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/hhXoxAgKnnaTMZnFcHoi


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

~ Frédéric Bastiat


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
nostr:npub1tevld5mas8tv37zpz038f29zqf9d0gevn34m6nkcr60athj8cxcqw0ga7g
🤙

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


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

— Friedrich Hayek


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

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

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

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

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

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

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

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

Thanks for reading, and sorry for the length!


Know Thyself

nostr:nevent1qqszw93mz5a4jjpqw50c0d9wxg53h5v7e7c54z623ylu4l0v4hs6xmcpz9mhxue69uhkummnw3ezuamfdejj7q3qdergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsxpqqqqqqzwny5hn


Block 847038: Important News of the Week

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

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

Check out our fundraising campaign on Geyser to learn more.

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


Would Ending the Fed Cause a Depression?

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


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

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


Will Our Deranged Regime Eventually Collapse?

https://fountain.fm/episode/iu4eFC1ATi4bNVUdVO7G


Selgin vs. Selgin: The Debate Over Fractional Reserve Banking

https://fountain.fm/episode/BO3MeY8ZpaoydSVt7uyQ


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

👂👇

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


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

- Murray Rothbard


The Problem with Public Schools

https://fountain.fm/episode/ILPr7Xb88drwTTjTmlOE


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


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

- Joseph Sobran


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


Bitcoin Audible Read_823 - Scaling Trust

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/g8YCmfyfiRxBcyDyNwr4


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

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


Bitcoin Audible Read_822 - Denial of Service Attack on Consensus

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

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


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

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

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


Topics for tomorrow are posted. See you then!

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


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

- Mises


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

- Hans Herman Hoppe


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

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

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


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


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


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

- Egon Bahr


GM ☕

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


GM ☕


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


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

https://youtu.be/x7ZioM9NwiY

https://fountain.fm/episode/wMT03esyR517RK78lVNe


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

https://youtu.be/K6CrYVhcVCo

https://fountain.fm/episode/GXSQNXtSx6n5a4PkMOID


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

https://youtu.be/3AbiS8lKL6o

https://fountain.fm/episode/otXZU58PaMxc2aUvjsnc


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

https://youtu.be/sWx9kt3Kzk0

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


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

- Jörg Guido Hülsmann


🍕
nostr:nevent1qqsfx5mvm9mxql4wr07dnea3kulna5mvmdl9gwgc5nfw5rt9tvu0h8spz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqgxjnqgddf0e9vz94hszawadeypk6aquc6rtqpq4cs45ydh7ftf0qvzqqqqqqysuhq90


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/NDJy2nRvPlI6OYJLe8zN


Bitcoin Magazine - Consensus Changes w/ nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

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


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

— Ludwig von Mises


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

- Thomas Sowell


Q1 2024 Monetary Base Update with nostr:npub1ath4je07y7py74nvu044fum3f8hz3exc3dtcv782qg94w5gaddusl74k6d Mežinskis

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/OH8Uug5mgjoWhPccKpNw


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/OVtmun7WrheOJ0WjnvcV


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

- Ayn Rand


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

- Larken Rose


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

- Mises, Human Action


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

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

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

- Mises

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


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

- Mises, Human Action


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


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

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

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


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


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


Alan Moore


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


The Pear Report_01 - Return of the P2P Web

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🍐

https://fountain.fm/episode/GEH4q0Zd8RWYRB8p90bL


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

- Henry Hazlitt


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

- Mary J. Ruwart


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


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


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

- Ludwig von Mises


The Great Script Restoration: A Path Forward For Bitcoin

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

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


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

- Lew Rockwell


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

Get out of their framing, you are being gaslit.


An Austrian Critique of the New MMT Documentary

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


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


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


GM,

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

🫂

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


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

- Lew Rockwell


Philosopher Michael Huemer on the Problem of Political Authority

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


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

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

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


Joseph Stiglitz: Stupid or Sinister?

https://fountain.fm/episode/GsDz2W0bf8TI0Ui9p26a


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


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

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

- Stephan Kinsella


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

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

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


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

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

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


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/lgzLn14ZspAyW1Lbq0ZK


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


The Power of Bitcoin with Gloria Zhao

nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx

https://fountain.fm/episode/NoD0D8jRYalfIaCWxzvM


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

- Wittgenstein


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