Bitcoin Audible Read_820 - The Bitcoin Stack

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https://fountain.fm/episode/hjs0YK7tTZYaouYnRIjQ


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

― Socrates


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

- Thomas Sowell


Politics is simply theatre for the slave class.


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

- Hans Herman Hoppe


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

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https://fountain.fm/episode/GJDpEFzCqKzKfT1cmcZT


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

— Friedrich Hayek


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

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


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

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


Very approachable. 🤙

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


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

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

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


ls America Headed for Stagflation?

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


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_085 - They Are Coming

https://fountain.fm/episode/fcEuiNUEGDOJebtWlB67


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

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https://fountain.fm/episode/NwskGdWwAgtgIXfM5dap


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

- George Reisman


Ethics of Liberty

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


The Current Challenges Bitcoin Faces w/ nostr:npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vt

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https://fountain.fm/episode/VurMb9goIo3BNWY0zzSk


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

- Murray Rothbard


Bitcoin Audible Read_818 - Reviewing Reviews ( nostr:npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m )

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https://fountain.fm/episode/Yk5YKIiEAFIRCZb58fBZ


Listen to nostr:npub1ug8c5wp6chs4xessrstq3mj0x0agkttey5xwk26632a2gw22de7qkfd9ry and reject ossification

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

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

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

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

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


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

https://fountain.fm/episode/e5Q8ZbGKsiEee5k9kctn


Normalize the term 'tax cattle'


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

— Friedrich Hayek


Abolish the CIA and FBI | Radio Rothbard

https://fountain.fm/episode/luMv3qUPsonxehqZq8WI


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

~ Murray Rothbard


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

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


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

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Hopefully you have the wisdom to know the difference.

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Hopefully you have the wisdom to know the difference.


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


Count your blessings 🫂


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

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


Reject ossification!


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

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


Nah

Not enough pain


Bitcoin Audible Chat 098 - Replacing Gold with nostr:npub13l3lyslfzyscrqg8saw4r09y70702s6r025hz52sajqrvdvf88zskh8xc2

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https://fountain.fm/episode/sVdQpwVFjaKYD3RCAdw1


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

~ George Reisman


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

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

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

https://dergigi.com/assets/images/bitcoin/2021-08-02-implications-of-outlawing-bitcoin/ham-radio.jpg
https://dergigi.com/slides/2022-riga/images/highres/mj-bacon-wallpaper.webp
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"You can vote your way into Socialism, but you have to shoot your way out."

Walter Williams.


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


Their definition is literally insane:

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


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

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


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GM

Free speech is dead.


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

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

— Ludwig von Mises


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

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


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

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


KYC


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


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ITS TIME FOR THE UNCLE JIMS TO RISE TO THE OCCASION

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


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

~ Ayn Rand


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


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

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

~ Stephan Kinsella


And if it doesn't scale?


 The Influencer Super Cycle | Bugle Weekly Episode 5

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


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

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

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

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

~ Stephan Kinsella


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

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

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

~ Stephan Kinsella


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

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

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

~ Stephan Kinsella


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

~ Stephan Kinsella


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

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


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

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

- Hans Herman Hoppe

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


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

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

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

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


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

~ Ayn Rand


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

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

~ Ayn Rand


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

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


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

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

- Rothbard

nostr:nevent1qqsdwm3de3ehkgvczxncvqq4x2ea7ndjqlpye0zjtjn7pyarh6cexzqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpw08v4rt5pj9dmfsrk0990zflfywwznt7g5zheap4eefgasjqg7uqvzqqqqqqytdzkdy


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


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

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


If you wear pants you are an advocate for privacy.


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

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

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


Bitcoin Audible Read_815 - What are Mises's Six Lessons

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/sJiFa8CcbIpvmokbpC7d


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


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

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

Writing code is not a crime.

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


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

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

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

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

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

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

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

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


This is what regulatory clarity looks like.


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


Samourai Wallet Founders Arrested and Charged With Money Laundering

They will forcibly understand that a company cannot offer privacy.

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


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

~ Stephan Kinsella


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

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

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

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

~ Stephan Kinsella


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

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

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

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

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

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

- Stephan Kinsella


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

- Ludwig von Mises


Renato Moicano Cares About His Country More Than Sohrab Ahmari

https://fountain.fm/episode/qPB00lpMsv3nB32263dm


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_084 - Fiat Finance

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


A Message from the Great Dr. Ron Paul

https://fountain.fm/episode/CKq3ONGKk5br5OKin3Jz


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

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

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


How Court Historians Turn Political Villains into Heroes

https://fountain.fm/episode/nSVIlyMcSavFgZc5E4yh


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

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

https://fountain.fm/episode/U1d3kUEt3Xf8JqGT8NQ9


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

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

Must watch.

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


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/bhAmq5PmRmmLy70epd47


GM

I made this election guide to save you time

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


Murphy Updates His Economic Outlook for the US

https://fountain.fm/episode/RVb4NtBwKzUzA1w2FyCb

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


nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8
https://image.nostr.build/e5783b8d062777cee995778979705d2ea70ca0fe6a9fa338113e3815ca8dc9d7.jpg


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/G9Fn6tJsx10SiiMJWHrh


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


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

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

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

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


Fresh 🥐

#croissant

 https://image.nostr.build/c4928fcb66784037bfdb968e795b03d88729e14d162df9855f502d6138d62941.jpg https://image.nostr.build/4ca8e14096c3d84c852b794180ae096adc03e4a93993b9b1193d8609d77d96a1.jpg


Question the system.
And that includes OpenSats, other Bitcoin entities and Nostr influencers as a whole.


Ba-dee-ya, never was a cloudy day

https://open.spotify.com/track/5TKorwNlSLxlxwmci92pZV


Topics for next Tuesday are here

https://github.com/MilwaukeeBitcoinMeetup/Milwaukee-Bitcoin-Meetup/issues/6


GM ☕

https://open.spotify.com/track/6cWPz408v5jMZjgTiiqbLh


Great Consensus Clean up, MEVil and LN isn't dead Steve Lee ( nostr:npub1ug8c5wp6chs4xessrstq3mj0x0agkttey5xwk26632a2gw22de7qkfd9ry ) and nostr:npub185h9z5yxn8uc7retm0n6gkm88358lejzparxms5kmy9epr236k2qcswrdp  SLP565

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/DNLkvDE1zw8i8P13rbHu


AntPool & Bitmain Acting as 'a Pool of Pools' - Report

"AntPool/Bitmain is essentially a pool of pools. This is causing mining centralization." -  nostr:npub1kyxqqqq8n2pu7f5pthr48zqcmr2k52vrud6wxzjpg0jsqcyhs3tshfc6vv

https://www.nobsbitcoin.com/bitmain-antpool-pool-of-pools-report/


Join me on Keet.io

pear://keet/yrb4sm3krefz38rk94p61mho1qs1xhocyst9f61aqn6ttn1y8a99duarisstafo7mequuk3cypukj7faitpqnnxhfckbpz6cnqooz9iak6t5epdg


Simon Guenzl vs. Dave Smith on Open Borders

https://fountain.fm/episode/DZQADLcvZ12iQx20MBMh


Stephan Kinsella on Rothbard's Contributions to Legal Theory

https://fountain.fm/episode/KiBtUU7KneCd73cDSCRj


In capitalism, the person who owns a resource can also control what is done with it. In a socialized economy, this isn't true because there is no longer any owner. Nonetheless the problem of control remains. Who is going to decide what is to be done with what? Under socialism, there is only one way: people settle their disagreements over the control of property by superimposing one will upon another. As long as there are differences, people will settle them through political means.

If people want to improve their income under socialism they have to move toward a more highly valued position in the hierarchy of caretakers. That takes political talent.

Under such a system, people will have to spend less time and effort developing their productive skills and more time and effort improving their political talents.

As people shift out of their roles as producers and users of resources, we find that their personalities change. They no longer cultivate the ability to anticipate situations of scarcity to take up productive opportunities, to be aware of technological possibilities, to anticipate changes in consumer demand, and to develop strategies of marketing. They no longer have to be able to initiate, to work, and to respond to the needs of others.

Instead, people develop the ability to assemble public support for their own position and opinion through means of persuasion, demagoguery, and intrigue, through promises, bribes, and threats. Different people rise to the top under socialism than under capitalism. The higher on the socialist hierarchy you look, the more you will find people who are too incompetent to do the job they are supposed to do. It is no hindrance in a caretaker politician's career to be dumb, indolent, inefficient, and uncaring. He only needs superior political skills. This too contributes to the impoverishment of society.

https://mises.org/mises-wire/why-politicians-win-and-workers-lose-under-socialism


🥓🥓🥓🥓🥓🥓
🥓🥓🥓🥓🥓🥓
🥓🥓🥓🥓🥓🥓
🥓🥓🥓🥓🥓🥓

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nostr:npub1su60ga79paqea8kgkp52qeq4eduhtexc957m8utg4704xddprf4szmsu60
https://image.nostr.build/bdaaa29e43ed5301c867dc73756147b8df780d0de7d0e26b4ebad481fb028b6a.jpg


"What had taken place? What was the problem? What was it that caused the disintegration of an empire which, in every regard, had attained the highest civilization ever achieved before the eighteenth century? The truth is that what destroyed this ancient civilization was something similar, almost identical to the dangers that threaten our civilization today: on the one hand it was interventionism, and on the other hand, inflation."

- Mises

nostr:nevent1qqsqfwffhwu83hgjqrr0rllgq25wfx4juzxdty2q0t5qc3ele6jq40cpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqh25snyyjea2cwvxe4gj47xum4fyx0gfqxkmhdvjxcq33ppg82s7qvzqqqqqqy2guutx


What are Mises’s Six Lessons?

"the fate of civilization depends on a battle of ideas, and Mises thought that good ideas would win:

I consider it as a very good sign that, while fifty years ago, practically nobody in the world had the courage to say anything in favor of a free economy, we have now, at least in some of the advanced countries of the world, institutions that are centers for the propagation of a free economy."

https://mises.org/power-market/what-are-misess-six-lessons


For most people, the medium of exchange may only be viable on secondary layers of the protocol stack.

Will they be sovereign is the question.


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.

Alan Moore, V for Vendetta


Know Thyself

nostr:nevent1qqs0hdy3qw4zxa4wp7a0ynpvsdurtjqesh5m9gxt8fvy80t6qaekywspp4mhxue69uhkummn9ekx7mqzyrd4q65fjl7amjnustcqx68hnxaqt48fy0lzzlsdufh897a0kxrkxqcyqqqqqqgyvmeyh


Bitcoin Audible Chat_097 - Lightning offline with nostr:npub1yxp7j36cfqws7yj0hkfu2mx25308u4zua6ud22zglxp98ayhh96s8c399s

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/FDW4s05MVcpt8rSXLBX8


Are American Libertarians Unduly Pessimistic?

https://fountain.fm/episode/C3JpanrTkAzuUW43FDmv


Remote key not found?

nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg
nostr:npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr

https://image.nostr.build/df4cc45b37924e8a5ce61634b395764a3ee56b2facbe4cb7959d5a9ce5f55c42.jpg


Both social and economic policies are often discussed in terms of the goals they proclaim, rather than the incentives they create. For many, this may be due simply to shortsightedness. For professional politicians, however, the fact that their time horizon is often bounded by the next election means that any goal that is widely accepted can gain them votes, while the long-run consequences come too late to be politically relevant at election time, and the lapse of time can make the connection between cause and effect too difficult to prove without complicated analysis that most voters cannot or will not engage in.

~ Thomas Sowell


The halving is nigh!

...so is the next meetup. See everyone in a week.

nostr:nevent1qqswjd0psf3ey7ctf5j7y8xxp92kv8rek76vfpkhts4uz7mvj2q2tagpr3mhxue69uhhyetvv9ujumt4w35ku7thv9kxcet59e3k7mgzyp06hjl9nr0src84cfxpq7q0aqr45cajywe9f2p0s796gp002cqq7qcyqqqqqqg0fqx3q


Perhaps the most important thing about risk is its inescapability. Particular individuals, groups, or institutions may be sheltered from risk - but only at the cost of having someone else bear that risk. For a society as a whole, there is no someone else. Obvious as this may seem, it is easy to forget, especially by those who are sheltered from risk, as many are, to varying degrees. At one time, when most people were engaged in farming, risk was as widely perceived as it was pervasive: droughts, floods, insects, and plant diseases were just some of the risks of nature, while economic risks hung over each farmer in the form of the uncertainties about the price that the crop would bring at harvest time. Risks are no less pervasive today but the perception of them, and an understanding of their inescapability, are not, because fewer people are forced to face those risks themselves.

~ Thomas Sowell


The purpose of capital markets is to direct scare capital to its highest uses.

~ Robert L. Bartley


In Bitcoin, Explained 92, nostr:npub1s6z7hmmx2vud66f3utxd70qem8cwtggx0jgc7gh8pqwz2k8cltuqrdwk4c and I explain what's new in the upcoming Bitcoin Core 27.0 release.

👂👇

https://bitcoinexplainedpodcast.com/@nado/episodes/episode-92-bitcoin-core-27-0-c4wla/embed/light


"Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success."

~ Mark Skousen


nostr:npub1qdcakl75gd7wv0nqmmwrz09ddm5tzl7xj8lq2gclng2qzd8up5yqjpzclt O64 - xz Utils Backdoor, LoLRa, Mutiny, HWI, COLDCARD Q, Krux, Labelbase, BitVM Bridge Risks.

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8
nostr:npub16fhh3ev4gytmt3jn3gkkez9z99kxtspcwupen4cxn2tcym4sd22surn62p
nostr:npub10cxz2h7n6rumfpuf49zt4uvm7skzqk5u25vesp0tzdtnkvsnwjyqaffcj3
nostr:npub1p4kg8zxukpym3h20erfa3samj00rm2gt4q5wfuyu3tg0x3jg3gesvncxf8
nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2
🤙

https://fountain.fm/episode/8qh4jA8SZg4gRh3sSqRj


https://mises.org/mises-wire/renato-moicano-if-you-care-about-yourcountry-read-ludwig-von-mises

https://mises.org/online-book/economic-policy-thoughts-today-and-tomorrow


Honestly, I had to watch this at least three times to believe it. Part of me still thinks it was AI generated.

🥊 Love to see it 🥊


Private property is a necessary condition for the existence of a free economy and of a free society.

nostr:nevent1qqstjxgl7glvxltvnqk92llamrpq0ctqppvrz6u8ehj3qvw8s4h0qycpr3mhxue69uhhyetvv9ujumt4w35ku7thv9kxcet59e3k7mgzyqt48rwz5cnkn5y5g0cccd7tudv04ddmlxq3wd2z4f79lut3a4mugqcyqqqqqqgymhezr


Bitcoin Audible - nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_083 - It's Going Up Forever, Laura

https://fountain.fm/episode/mbr4S8mAzSq71wkOniav


What if the American people woke up and understood that the official reasons for going to war are almost always based on lies and promoted by war propaganda in order to serve special interests?

— Ron Paul


Where? When?


nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp
https://image.nostr.build/990c91be9fb226cca9469ea30fe6102ccc990c4934ecc94b86b5129cce758471.jpg


Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence.

Do you wish to know whether that day is coming? Watch money. Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion—when you see that in order to produce, you need to obtain permission from men who produce nothing—when you see that money is flowing to those who deal, not in goods, but in favors—when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you—when you see corruption being rewarded and honesty becoming a self-sacrifice—you may know that your society is doomed. Money is so noble a medium that it does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot. “Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence.

- Ayn Rand


The libertarian believes that individuals should be free to live their lives as they see fit, as long as they do not violate the rights of others.

~ Murray Rothbard


Bitcoin Audible Chat_096 - Surviving the Shift to a Bitcoin World with ( nostr:npub15879mltlln6k8jy32k6xvagmtqx3zhsndchcey8gjyectwldk88sq5kv0n )

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🤙

https://fountain.fm/episode/8ATl3sU9E8ysM6ztEeX9


US Government Fiscal Collapse Accelerates with Peter St Onge ( nostr:npub1xr4duv928lxxkl8ease7elutw77zmagph387az2fcg5clr2e43zq6sf6z3 )

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https://fountain.fm/episode/EMh5Eap5iHzs7Um3bgFv


I really think people have misunderstood the key limitations that led gold to be so completely captured.

It’s about SCALE of value transfer, not simply that it’s centralized into custodians. The larger the scale, the MORE captured gold is, rather than less. Moving $200 of gold is easy. Moving $2 Trillion is practically impossible. Entire countries neither hold nor settle their own, physical gold during deals.

This is perfectly opposite for bitcoin. The larger the amount the easier. The larger the amount the cheaper and move important and more astonishingly unique the degree of control and ability to safeguard, fine grain control and time for certain actions, to build vaults, to distribute politically, and 1,000 other options can exist to protect and remove trust in EVERY transaction of value above $1 million.

Sure we want this to be given to everybody, but the idea that a small country and stick the middle finger to a large one and keep their capital perfectly safe, is a world shattering shift in the power dynamic.

And there is no central bank in the world that can maintain interest rate manipulation against the market if $1 trillion in value can leave the country in under 10 minutes.

To add to this, it’s a permissionless and open network. In other words, ANY solution, or tool, or protocol we want to run on top of it, it doesn’t matter who has what coins, in which custodians, under what jurisdiction, they still can stop no one from launching their own system payment or cryptographic tool to solve whatever problem they seek.

What happened to gold will not come close to happening with #Bitcoin, even in the worst case scenario.

Whatever a Bitcoin “captured” world would look like, if things decentralize and we get trusted custodians as the dominant platforms and all that re-centralization that we got with the web… it STILL will be orders of magnitude superior to the fiat world we are currently in because even if it *fails* to conquer our entire vision, bitcoin still solves some of the most critical issues of gold merely as a global digital, permissionless currency backing, perfect collateral, and censorship resistant SoV.

IMO, it will be revolutionary no matter what. It is up to us *how* revolutionary we want it to be.

I dig more deeply into those key differences in this show if interested:
https://fountain.fm/episode/ZBlS2FEz5lCWlQQeSG5K


The Fed has created its own narrative for far too long.

Now it's our turn.

Help us bring this documentary to the masses.

Donate: https://mises.org/giving/federal-reserve-documentary-eblasts

https://video.nostr.build/fa7815f9062564a994d4b3ab631c33509c7bf3f3230f86affe0b81fb4c719d78.mp4


Saylor also advocates for protocol ossification.

Please stop simping.

nostr:nevent1qqsfw5g7dp7ef6q8y0unnzlvwrwdztpenld2eaeqv6m3yyaastey64cpr3mhxue69uhhyetvv9ujumt4w35ku7thv9kxcet59e3k7mgzyqzvj9w6alhrsvtl5u6ygjkwuwg2sf5lukqskgjpuhnd6dpal0kvjqcyqqqqqqg6cfyp3


Rothbard's The Progressive Era, with Patrick Newman

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
🤙

https://fountain.fm/episode/spOozbyXYlXZGIv4lZ3c


Bitcoin Audible Read_812 - Congress is Criminalizing Privacy ( nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/wom4W3UNQI6KYjgcszMD


Covenants generally and LNHANCE / CTV specifically


See things as they are and not as you'd like them to be.

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https://image.nostr.build/0e9c3455ed1f76f19402935f5d9419c280c6bbbacb79477ae557b41939232e1d.jpg
https://image.nostr.build/bf2bd570b75eb45b7b50880bc5a22de2b2f9cd07b139b5de9797899ef410383c.jpg


Why We Must Upgrade Bitcoin with nostr:npub1q5un2zq6d93ygesrg3rwmgehfkg9v5kah7pp0jy8pqvzdparxpnqkk6dh3

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🤙

https://fountain.fm/episode/6ui2qsJOr8Y6CzelTFQk


All you ever wanted to know about splicing... nostr:npub18hwpk5qep3ptnmzatq22ptwr9mth7ccrku56rdntwpxjxlkfyr2qrav8du joined nostr:npub1art8cs66ffvnqns5zs5qa9fwlctmusj5lj38j94lv0ulw0j54wjqhpm0w5 and me again this week to explain all about it.

I also provide a brief update on the Tornado Cash trial (ep. 69) and provide a hot take on the recent op_return block gravity by MARA (how it might relate to ep. 84).
https://bitcoinexplainedpodcast.com/@nado/episodes/episode-91-splicing-qh8g9


If there is not equality of outcomes among people born to the same parents and raised under the same roof, why should equality of outcomes be expected — or assumed — when conditions are not nearly so comparable?

~ Thomas Sowell


Any alleged ‘right’ of one man, which necessitates the violation of the rights of another, is not and cannot be a right.

— Ayn Rand


Chocolate strawberry ice cream birthday cake

#food
#bake
#cake
#chocolate
#birthday
 https://image.nostr.build/0537bb1edd76d538a336108ec45c85d90469779c8b6a9549dbed6bb77fb91e12.jpg


The welfare of humanity is always the alibi of tyrants.

~ Albert Camus


The real question is whether the ‘brighter future’ is always so distant. What if it has been here for a long time already – and only our own blindness and weakness have prevented us from seeing it around us and within us, and kept us from developing it.

- Vaclav Havel


nostr:npub18mmjwlwqsuxgcp7lpmnxs2vjsvq7h9tc2u26zncr9t99xjrzhtsqwx4vcz https://image.nostr.build/d25c01e7d672b9c3f25177235f7fe9687b12cdaa3bb730c4ceaa422e63161282.jpg


How inflation affects food prices | Tuttle Twins

 https://video.nostr.build/1be8e2025b69eed8306404411ebb75ef202d60efe3b5e4a266fc23e419f36db3.mp4


Michael Matulef

Know Thyself | Everything Voluntary✌ | Follow the Tao


mises.org: The Intellectual Humility of the Spontaneous Order -- https://tinyurl.com/2dhelbxs -- F.A. Hayek coined the term spontaneous order to point out that the prosperous societies are also societies where people are free to pursue their own goals. The result is, ironically, harmony that cannot come about through central state planning. #liberty #news


Bitcoin Audible Read_811 - Speaking Freely by nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/iKJ9O0CtOyYmxt8yxom0


Making the Case for Private Law and Defense From Scratch

https://youtu.be/SQsObJlzI2U

https://fountain.fm/episode/oY1FjPawqF5A1lfERHt1


We should strive for the separation of Money and State, rather than pursuing better money for the State.

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Government regulation and intervention in the market create opportunities for politicians to extract benefits from businesses, thereby leading to corruption.

The state has a monopoly on the use of force, which enables it to impose regulations and laws on businesses. These regulations can create barriers to entry, restrict competition, and protect incumbent firms, all of which benefit established corporations at the expense of consumers and new entrants. In order to gain favorable treatment or avoid punitive measures, corporations may feel compelled to make campaign contributions, hire lobbyists, or provide other incentives to politicians. This creates a system of crony capitalism, where politically connected businesses are able to secure advantages over their competitors through influence peddling rather than through superior products or services.

While corporations may indeed engage in corrupt practices, the root cause of the problem lies in the coercive nature of the state and its ability to regulate the economy. By creating a system of privilege and protectionism, the political class invites corruption and undermines the functioning of markets. We must advocate for the complete abolition of the state and the establishment of voluntary, competitive systems for resolving disputes and protecting property rights, which would minimize opportunities for corruption and lead to more efficient and just outcomes.

https://image.nostr.build/e948dd717eabb8164e80837e74d96fd60ba0e84d02dccf6f375f79f812296df4.jpg


Self-ownership is the cornerstone of freedom; without it, every other liberty we cherish begins to crumble.


The insights of methodological individualism and subjective valuation remind us to place the individual at the forefront of our analysis and to respect the diversity of human experiences and preferences. Moreover, the role of prices in coordinating economic activity highlights the importance of allowing markets to function freely, unencumbered by government intervention.

nostr:nevent1qqsgdv7fwteefzm3p9t8ygrpe99sd3lr28q5rz209g39pw5sv6qd80qpr3mhxue69uhhyetvv9ujumt4w35ku7thv9kxcet59e3k7mgzypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqg85kc75


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

nostr:nevent1qqsgdv7fwteefzm3p9t8ygrpe99sd3lr28q5rz209g39pw5sv6qd80qpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqh25snyyjea2cwvxe4gj47xum4fyx0gfqxkmhdvjxcq33ppg82s7qvzqqqqqqyfg7kcp


The concept of spontaneous order highlights the fascinating phenomenon in which complex patterns and structures emerge from the interactions of numerous individuals, without being orchestrated by a central authority or designer. This idea posits that decentralized decision-making, rather than top-down control, plays a crucial role in shaping social and economic phenomena. As Friedrich von Hayek astutely observed, “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.”

At its foundation, spontaneous order is not merely a theoretical construct but a philosophical perspective that emphasizes the importance of humility in understanding human affairs. Recognizing the limitations of human knowledge and cognitive abilities, spontaneous order acknowledges that it is impossible to fully comprehend or direct the intricate nature of social interactions. Instead, spontaneous order arises from the cumulative actions of individuals reacting to incentives and expressing their personal preferences within a framework of well-defined property rights.

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The market process is an operational choreography too vast for any single mind to comprehend fully. Yet this incomprehensibly complex order unfurls spontaneously from the invisible hand of decentralized social cooperation among countless free individuals. To insist on a central plan is to abandon the very concept of the spontaneous order that arises from human liberty.

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Statists demand that proponents of the free market explain in painstaking detail how every conceivable service would be provided without the heavy hand of government coercion. How would law be administered? How would security be maintained? How would charity and education function? And of course, the tiresome refrain—who will build the roads? While Austrian economists have offered satisfactory answers to these questions, entertaining them may project a fundamental misunderstanding of the nature of the free market itself.

The Austrian insight into spontaneous order transcends the realm of mere economic theory, representing a profound epistemological paradigm shift. It rejects the hubristic notion that human reason can fully comprehend, let alone control, the complexities of social cooperation. It is a worldview rooted in reverence for individual liberty as the indispensable catalyst for the wondrous emergence of spontaneous order in society.

nostr:nevent1qqsgdv7fwteefzm3p9t8ygrpe99sd3lr28q5rz209g39pw5sv6qd80qpzpmhxue69uh5ummnw3ezuamfdejsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqsflvu69


The Intellectual Humility of the Spontaneous Order

My latest from Mises

https://mises.org/mises-wire/intellectual-humility-spontaneous-order


Oatmeal Chocolate Chip Cookies 🍪

#bake
#food
#cookie
#chocolate

https://image.nostr.build/20b86d31cec800f399468f6470d8b7114676a5889544699c01f15af87fa139cd.jpg https://image.nostr.build/3a108a18c0709241019fc4fecd6a62d9e9216d0590522ff4aaed55b7949b426e.jpg


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https://image.nostr.build/9577082ed5c538a9f53b21bfe4c81215b3d43cc437fa01d3e77d347310246bf7.jpg


What's the best Halving F.U.D.?


Domestic Imperialism w/ Keith Knight & Dave Smith

https://fountain.fm/episode/b8BcWfAhWShLRKryc0OB


The Economics of Generosity and Charity

https://fountain.fm/episode/QXDr9qLdCfVnOsKiSB4k


nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv
https://image.nostr.build/010f655400dde7bdebc09c5111a6cfdd5bd994c419c931ad8375807f1a961a26.jpg


Bitcoin Audible Chat_095 - The Fall of the Fiat Empires with nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z Pysh

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/7WLwHEDi8rlaF2qInWeM


Nothing stops this train - nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

https://image.nostr.build/20f68285a3c5a45a65ca344290fbb67748386a2d7793f30c89b684c6aa0e2a12.jpg


America's Fiscal Collapse Accelerates | nostr:npub1xr4duv928lxxkl8ease7elutw77zmagph387az2fcg5clr2e43zq6sf6z3

Every fiscal trend is in the wrong direction. We're already at $2 trillion deficit, it will soar by trillions when recession hits.

And it will keep churning with social security, Medicare, and spending on everything from illegal immigrants to fresh wars.

At this point, there is nothing standing between us and fiscal collapse. The only question is when.

https://mises.org/mises-wire/americas-fiscal-collapse-accelerates


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's Take_082 - Fiat Replacement Theory

https://fountain.fm/episode/i5O2HnxvjU0cvSU3qUl2


For Socialists, It Doesn't Matter if Socialism "Works." What Matters Is Power.

Other than stripping the ethics, morality, and all humanity from human action; whether it “works” can never be resolved, just deliberated ad infinitum, making it ideal mainstream media fodder. Under any legitimate scrutiny, it collapses under its own haughty intellectual weight because there’s something missing at its foundation; fundamental principles that can be ascertained as self-evidently true or not.

To go after socialism, you must aim for its fundamental principles. And what are some of those?

Rooted in collectivism – no individual is of material importance, only society as a whole. Any number of individual needs, preferences, and lives can and should be sacrificed for the good of the collective.

Absence of a market – production and trade operate by the will of central planners, not economic actors. What gets made, in what quantity, and for what use is not determined by consumer demand or the profit motive, but by top-down calculations. Based on what? Such questions will not be tolerated. Now, get in the bread line! Which brings us to…

Necessitates a totalitarian state – This centralization of economy requires such thorough micromanagement of human action that monitoring, espionage, harassment, and stiff penalties for violators (for starters) must become features of the landscape. Some adherents claim that state control, and the state itself, will one day become unnecessary under socialism, once the people fall in line (read are beaten into submission). But, like the arrival of universal abundance, that day never seems to come. More on this momentarily…

This argument may not be perfect, but notice the differences between this and where we started. These premises are axiomatically integral to socialism. No experience, experimentation, or research is required to bear them out. No statistical data is going to come along and change them. These aren’t ends, which cannot be conclusively known at the outset of any initiative (if they ever can at all). These are means, which are known, instantly and to a certainty, as they effectively become the material conditions of life in the given society. Economics is a journey, not a destination, so those someday promises of wealth and statelessness in exchange for your present suffering mean nothing from the man prodding you with the rifle.

Now a REAL debate begins.

The socialist must be prepared to defend all of the items above, at least. Any claim against the necessity of these factors can be gleefully met with, “then that’s not real socialism!” If they prefer their ideologies a la carte, by plucking the “good bits” of socialism and discarding the gulags and mass graves; then they’re arguing for something else entirely, a mixed economy, the polluting of the market with some degree of the above tenets.

Do the Horsemen’s graphs and data have any validity? Sure, as persuasive support. But they cannot BE your argument. That must come from First Principles, e.g. freedom, property, and individual sovereignty. These are all that matter. To subordinate them to numbers and stats is to discount them entirely.

So, when it comes to socialism; stop saying it doesn’t work, stop calling it a perfect idea on paper that falters in implementation, and stop dignifying its adherents with “noble intentions.” Give it its intellectual due, then you can call it what it is; an evil concept on its face that has no place among the human species.

https://mises.org/mises-wire/socialists-it-doesnt-matter-if-socialism-works-what-matters-power

https://fountain.fm/episode/8FUlDfb0ruZTHdNSIzth


Stay humble, stack sats, and come out to our next Socratic Seminar
 on Tuesday, April 23rd.

https://www.flockstr.com/event/naddr1qqyxxdpsvsux2vf3qgs9l27tukvd7q0q7hpycyrcpl5qwknrkg3my49g97rchfq9aatqqrcrqsqqql9nfu5dla

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


This ☝ is not nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


Ryan McMaken on the History and Benefits of Secession

https://fountain.fm/episode/Ho9i0OOIbiYKh6D9s6Bg


The institution of a State is praxeologically incompatible with private property and private property based enterprise.

~ Hans Herman Hoppe


The Specter Of Hyperinflation Looms Over The Economy

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The Specter Of Hyperinflation Loomns Over The Economy

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nostr:npub1p3pgz7wjze62v0rl7gg0e52fmlmazhl58v704dj8xrzr2cptmdgqruv3km
https://image.nostr.build/f6b7ee2385e13da2b684b26e20c45ab06dc455fe884d7d1970c440f38509ad0c.jpg


Bitcoin Audible Read_810 - Censorship in America

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/CpHLCBDeCon2LHd1ZqDS


For Easter, carrot cake cinnamon rolls with cream cheese frosting #foodstr #baking https://image.nostr.build/b3df8074ca9f9d7ba143d489af7c4536f3fed0bfd08bebf4b017efa15f86b178.jpg


On the nature of power

https://video.nostr.build/3c7ba0b8ffb7ca1822851d1b1d92e6ac3fdb0e3368420436dc3acf4f2f6a975b.mp4


A tax-funded protection agency is a contradiction in terms. That is, it is an expropriating property protector.

~ Hans Herman Hoppe


Personal pizzas from scratch 👩🍳🤌

#food
#bake
#pizza

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We shape clay into a pot, but it is the emptiness inside that holds whatever we want

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The fallacy of the broken window is the failure to take opportunity costs into account. The opportunity cost of the glazier's good luck is whatever products or services the shopkeeper could have purchased.

https://image.nostr.build/1dbf1f54356ddd34fca7844107ddcd476b90823662321bd9540b3dfd2705e9b2.jpg


What distinguishes man from animals is the insight into the advantages that can be derived from cooperation under the division of labor. Man curbs his innate instinct of aggression in order to cooperate with other human beings. The more he wants to improve his material well-being, the more he must expand the system of the division of labor.

-Human Action, p. 827; p. 831

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Mises
https://image.nostr.build/368fbf91fd6f5544bb738b7d3c97a8e7f190a439952fdff6504c5141acad7f52.jpg


If anarchists are idealists, they may simply be likened to someone who finds himself swimming in a cesspool and, rather than paddling about looking for the area with the least amount of floating faeces, seeks to climb out of the pool completely.

- Robert Higgs


my latest piece…
The Age of Fiat II https://image.nostr.build/ff0dd9f5b8e1380013dd6dcd0c1ca64276a13c5b15dffd6abc140825d5e3310c.jpg


Wages and salaries serve the same economic function as other prices that is, they guide the utilization of scarce resources which have alternative uses, so that each resource gets used where it is most valued. Yet because these scarce resources are human beings, we tend to look on wages and salaries differently from the way we look on prices paid for other inputs into the production process. Often we ask questions that are emotionally powerful, even if they are logically meaningless and wholly undefined. For example: Are the wages "fair"? Are the workers "exploited"? Is this "a living wage"?

No one likes to see fellow human beings living in poverty and squalor, and many are prepared to do something about it, as shown by the vast billions of dollars that are donated to a wide range of charities every year, on top of the additional billions spent by governments in an attempt to better the condition of poor people. These socially important activities occur alongside an economy coordinated by prices, but the two things serve different purposes. Attempts to make prices, including the prices of people's labor and talents, be something other than signals to guide resources to their most valued uses make those prices less effective for their basic purpose, on which the prosperity of the whole society depends. Ultimately, it is economic prosperity which makes it possible for billions of dollars to be devoted to helping the less fortunate.

~ Thomas Sowell


Ultimately, the central bank's decision to stop purchasing government debt likely stems from its mandates around economic stability and price levels. However, by stopping debt monetization, the central bank allows suppressed market forces to re-emerge, bursting asset bubbles inflated by artificial credit. This unavoidable recession purges prior monetary distortions.

The central bank then faces a choice: accept the painful but necessary recession to restructure resources toward sustainable uses, or risk reigniting the boom-bust cycle by resuming easy money policies, delaying the reckoning but inevitably fueling higher inflation. The choice is either short-term pain to cleanse imbalances, or perpetuating distortions until they manifest as a graver predicament.


"Today, all over the world, but first of all in the United States, hosts of statisticians are busy in institutes devoted to what people believe is “economic research.” They collect figures provided by governments and various business units, rearrange, readjust, and reprint them, compute averages and draw charts. They surmise that they are thereby “measuring” mankind’s “behavior” and that there is no difference worth mentioning between their methods of investigation and those applied in the laboratories of physical, chemical, and biological research. They look with pity and contempt upon those economists who, as they say, like the botanists of “antiquity,” rely upon “much speculative thinking” instead of upon “experiments.” And they are fully convinced that out of their restless exertion there will one day emerge final and complete knowledge that will enable the planning authority of the future to make all people perfectly happy"

~ Mises


No direct quotes come to mind. There are definitely some parallels, with the key difference being that the government can always issue more debt. So instead of a direct default they can have a "soft" default through hyperinflation and the collapse of the money.


See the irony? https://image.nostr.build/fdfbea753b6df371209edfa4b346782b610af02ad271849aba2f3ab282f27e01.jpg


Bitcoin Audible Chat_094 - Pessimism, Optimism, & Rationally Passionate Ranting with Clint Russell

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/EZG1uUcwjMv6KyTCGKzQ


How pissed off is nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx?

Title for the next nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq :

"Matt Gets His Blue Check" 🤣
 https://image.nostr.build/b97400fe059ba05fa432d18f7ae2adf2a5c27fb9b751e8e0f6433cde6cab6b43.jpg


As the price rises and demand for blockspace increases, individuals will need to rely on exchanges or custodians for longer periods before being able to take self-custody. Eventually, an inflection point will be reached where self-custody becomes economically prohibitive for most individuals.

Unless consensus changes are made, this is the path forward.


nostr:npub14uhkst639zvc2trx2nlsvk4yqkjp690zk89keytnzgmq2az0qmnq58ez89 https://image.nostr.build/eef9fef2ef54d8f23dc1d99255930f546b116a4d05a145624877b1a945569be8.jpg


GM ☕

Everything Voluntary ✌


MAKE EVERY ZAP A FUCK YOU TO THE STATE

GM


The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum — even encourage the more critical and dissident views. That gives people the sense that there's free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate.

~ Noam Chomsky


nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv
https://image.nostr.build/fd089222fd23124a648c52498be0ddb76d60a4430a816e364ece95160d7ddf04.jpg


 Open Source Al ls Winning with nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/f6K71vHLaqp693Kvj3tz


🤝

"When greed operates outside the bounds of ethical principles and voluntary exchange, it poses a significant threat to the fundamental principles that underpin a free market system."


"It’s true: greed has had a very bad press. I frankly don’t see anything wrong with greed. I think that the people who are always attacking greed would be more consistent with their position if they refused their next salary increase. I don’t see even the most Left-Wing scholar in this country scornfully burning his salary check. In other words, “greed” simply means that you are trying to relieve the nature-given scarcity that man was born with. Greed will continue until the Garden of Eden arrives, when everything is superabundant, and we don’t have to worry about economics at all. We haven’t of course reached that point yet; we haven’t reached the point where everybody is burning his salary increases, or salary checks in general."

https://mises.org/mises-wire/unleashing-power-greed-how-free-market-propels-progress


Bitcoin Audible Read_809 - Bitter Opposition to Bitcoin

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/DN0zPzXFteJJZcCT4YZZ


The Case for Secession: How Breaking Away Maximizes Liberty | Ryan McMaken

https://youtu.be/vAmXmV9g_cg


nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv
https://image.nostr.build/bb0c48c7dc695ed16bbdfc570db7ea336eb1a48096270a6ced826d1934f9ba20.jpg


CITADEL DISPATCH 120: BITCOIN POWERED CHAUMIAN ECASH WITH CALLE -  nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg

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


BREAKING: Julian Assange Granted Right to Fight Extradition to US

"The court ruled that Assange could pursue his appeal at a full hearing, unless the US provided “satisfactory assurances” on the questions of whether he was able to rely on the First Amendment of the US Constitution and whether he could be subject to the death penalty."

https://www.nobsbitcoin.com/julian-assange-wins-right-to-full-appeal/


The world is full of magical things patiently waiting for our wits to grow sharper.

- Bertrand Russell


Remember it's gonna be a bumpy ride.

"What would it seem like if it did seem like a global, digital, sound, open source, programmable money was monetizing from absolute zero" - nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt

https://i.nostr.build/6GR9v.jpg


"You have to decide how to move forward. You have to decide what game you want to play; how much responsibility you are willing to shoulder. Do you want to stay stuck in the machine? A machine that uses and abuses you? A machine that feeds itself by extracting and devouring your time, attention, and value? Or do you have the courage to take control of your wealth, health, thoughts, and speech?

Nobody can make this decision for you. It starts and ends with you."

nostr:nevent1qqsgxkedypdph5sw0vemuqlhsxe5u0g428v48d09v5l6yngpwj0dtscpzpmhxue69uh5ummnw3ezuamfdejsygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvpsgqqqqqqsnhg74z


Mastering others is strength. Mastering yourself is true power. https://video.nostr.build/f3ffe4c924dd4773896e25901eb19303ebc99ef2a5a3adda4e7aa86b4f0dd945.mp4


Plant seeds for shade you will never sit in.

nostr:nevent1qqsdamv3nd8drznfn0fz0lt9zaxrfysqczfl6zw5d6q58kdg5su32fspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpjd3nl7dg0n2tu3m85n3qm8pne9d9hufhggrrh2xzlcmty0ppzt9qvzqqqqqqya55d3l

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


But then finally the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against 'real' goods, no matter whether he needs them or not, no matter how much money he has to pay for them.

https://image.nostr.build/978d5db06f9dbfd944f2ff9b69d367a228ad4938d470c5a71a93cc729ad9637f.jpg


Because Bitcoin is honest money it is only disliked by dishonest men.


Once the premise of government is accepted, liberals are left without argument when socialists pursue this premise to its logical end. If monopoly is just, then centralization is just. If taxation is just, then more taxation is also just.

~ Hans Herman Hoppe


Political tags - such as royalist, communist, democrat, populist, fascist, liberal, conservative, and so forth - are never basic criteria.

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

- Robert A. Heinlein


Odell is negative 2M.

C'mon now Marty
 https://image.nostr.build/f2588df97ef28bb50aae01a8a8558428a927c7ca773dc4480f84fdca4e187ae4.jpg


I feel like the most generous zapper would be Zap negative (send more than receive) at the very least.

Time to zap those 2M sats to the plebs Marty 😁

nostr:nevent1qqs2zkqs3d48ej4k7hr8tkcc4efanathz904yl55r78xpgvrtkqfljcpr3mhxue69uhhyetvv9ujumt4w35ku7thv9kxcet59e3k7mgzyprj73q098hejm5j5xrt35eqluvqep2eqwyzukw4phsm302kdycpuqcyqqqqqqgaxm340


Good morning ☕

Here are discussion topics for next Tuesday!

https://github.com/MilwaukeeBitcoinMeetup/Milwaukee-Bitcoin-Meetup/issues/5


During all eras, scarcity implies that resources must be taken from some in order to go to others, if new products and new methods of production are to raise living standards.

It is hard to know how industry in general could have gotten the millions of workers that they added during the twentieth century, whose output contributed to dramatically rising standards of living for the public at large, without the much-lamented decline in the number of farms and farm workers that took place during that same century. Few individuals or businesses are going to want to give up what they have been used to doing, especially if they have been successful at it, for the greater good of society as a whole. But, in one way or another -- under any economic or political system -- they are going to have to be forced to relinquish resources and change what they themselves are doing, if rising standards of living are to be achieved and sustained.

The financial pressures of the free market are just one of the ways in which this can be done. Kings or commissars could instead simply order individuals and enterprises to change from doing A to doing B. No doubt other ways of shifting resources from one producer to another are possible, with varying degrees of effectiveness and efficiency. What is crucial, however, is that it must be done. Put differently, the fact that some people, regions, or industries are being "left behind" or are not getting their "fair share" of the general prosperity is not necessarily a problem with a political solution, as abundant as such proposed solutions may be, especially during election years.

However more pleasant and uncomplicated life might be if all sectors of the economy grew simultaneously at the same lockstep pace, that has never been the reality in any changing economy. When and where new technologies and new methods of organizing or financing production will appear cannot be predicted. To know what the new discoveries were going to be would be to make the discoveries before the discoveries were made. It is a contradiction in terms.

~ Thomas Sowell


Many people who appreciate the prosperity created by market economies may nevertheless lament the fact that particular individuals, groups, industries, or regions of the country do not share fully in the general economic advances, and some may even be worse off than before. Political leaders or candidates are especially likely to deplore the inequity of it all and to propose various government "solutions" to "correct" the situation.

Whatever the merits or demerits of various political proposals, what must be kept in mind when evaluating them is that the good fortunes and misfortunes of different sectors of the economy may be closely related as cause and effect -- and that preventing bad effects can prevent good effects. It was not coincidental that Smith Corona began losing millions of dollars a year on its typewriters when Dell began making millions on its computers. Computers were replacing type-writers. Nor was it coincidental that sales of film began declining with the rise of digital cameras. The fact that scarce resources have alternative uses implies that some enterprises must lose their ability to use those resources, in order that others can gain the ability to use them.

~ Thomas Sowell


"anonymous payments in cryptocurrencies to wallets operated by providers (hosted wallets) will be prohibited even for minimum amounts without a threshold."

nostr:nevent1qqst2we3p2nmwam28wfhc5mp2u9yalj5zk7we5g0l6ll6fy7pdv6aeqpz3mhxue69uhkummnw3ezummcw3ezuer9wcpzq2hsrcxkh5delwu784p32ltyty8mylw0hj479puy5kpju9a7lwrmqvzqqqqqqytj5d6v


What is called "capitalism" might more accurately be called consumerism. It is the consumers who call the tune, and those capitalists who want to remain capitalists have to learn to dance to it. The twentieth century began with high hopes for replacing the competition of the marketplace by a more efficient and more humane economy, planned and controlled by government in the interests of the people. However, by the end of that century, all such efforts were so thoroughly discredited by their actual results, in countries around the world, that even most communist nations abandoned central planning, while socialist governments in democratic countries began selling off government-run enterprises, whose chronic losses had been a heavy burden to the taxpayers.

Privatization was embraced as a principle by such conservative governments as those of Prime Minister Margaret Thatcher in Britain and President Ronald Reagan in the United States. But the most decisive evidence for the efficiency of the marketplace was that even socialist and communist governments, led by people who were philosophically opposed to capitalism, turned back towards the free market after seeing what happens when industry and commerce operate without the guidance of prices, profits and losses.

~ Thomas Sowell


nostr:npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6mak https://image.nostr.build/8a44ee5ae1edb4ad7c06390a557392af620190ae8beffe6a71bdc60737fe8e7c.jpg


nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp
https://image.nostr.build/496ea853174d99cb83ec146339d810a1be7cd4ed5ab7553b257d4b4b0686e108.jpg


One of my favorites https://image.nostr.build/0162abfd486c1cab16b428e6b2ad2ae4ab7a20be7c085f0c61289f8e9127b6df.jpg


🚀BR062 - Sparrow, Mutiny, COLDCARD Q, Bisq, Krux, OP_CAT Vault Prototype + MORE ft. nostr:npub1mxrssnzg8y9zjr6a9g6xqwhxfa23xlvmftluakxqatsrp6ez9gjssu0htc nostr:npub1p4kg8zxukpym3h20erfa3samj00rm2gt4q5wfuyu3tg0x3jg3gesvncxf8 nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2

Listen to the episode:
Youtube: https://youtu.be/at7eG6KABnU
Fountain: https://tinyurl.com/m4tx784u
Spotify: https://tinyurl.com/2s3w5chv
Google: https://tinyurl.com/4r3tuj2k
Amazon: https://tinyurl.com/3wvu38t6

Full shownotes:
Notes: https://bitcoin.review/podcast/episode-62/
Substack: https://tinyurl.com/4a57pdjk

Paul discusses nostr's potential to bring social network effects to lightning, and how it is allowing for the development of "people oriented wallets". 👆
https://m.primal.net/HlVR.mov


Why We Don't Need Government Funding for "Moonshots"

https://open.spotify.com/episode/3oBmhJHKxkjDYfkc3w8eig


Swapping across Bitcoin, Lightning and Liquid with nostr:npub1c8cp58lhn4vte3q2fejp7luqczx7u0njk5h0p0hry3atflk7g2hqc7xzqk from nostr:npub1psm37hke2pmxzdzraqe3cjmqs28dv77da74pdx8mtn5a0vegtlas9q8970

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk
🤙

https://fountain.fm/episode/vf7o5biR4YgPxj1e1fZ5


Getting ready to LARP!

Thanks again nostr:npub1e0z776cpe0gllgktjk54fuzv8pdfxmq6smsmh8xd7t8s7n474n9smk0txy & nostr:npub1vmpf90hq56wzyxht6teg3llpa74rzcepw9suj5unxl3tph24zd4qgtxhm7

https://image.nostr.build/d7d662c8913177eeaa2a3da6ddadd4776fb3a5ae12b5a0ee973b29f39ab4469b.jpg


Although the functions of a regulatory commission are fairly straightforward in theory, in practice its task is far more complex and, in some respects, impossible. Moreover, the political climate in which regulatory commissions operate often leads to policies and results directly the opposite of what was expected by those who created such commissions.

Ideally, a regulatory commission would set prices where they would have been if there were a competitive marketplace. In practice, there is no way to know what those prices would be. Only the actual functioning of a market itself could reveal such prices, with the less efficient firms being eliminated by bankruptcy and only the most efficient surviving, and their lower prices now being the market prices. No outside observers can know what the most efficient ways of operating a given firm or industry are. Indeed, many managements within an industry discover the hard way that what they thought was the most efficient way to do things was not efficient enough to meet the competition, and have ended up losing customers as a result. The most that a regulatory agency can do is accept what appear to be reasonable production costs and allow the monopoly to make what seems to be a reasonable profit over and above such costs.

~ Thomas Sowell


Thanks for the recommendation 🙏


Covid: Four Years Later

https://open.spotify.com/episode/3lFuoyPemfTcGAF5dUddyi


Looking forward to getting Socratic with everyone in one week!

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CITADEL DISPATCH 119: GOOD MORNING WITH STEVE LEE

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


The Secrets of Global Finance Explained with nostr:npub1tccnjexzau3x5ea8c69v047nqfy3xm4w4yl9j788sts0usl87nhsvce6fh

https://fountain.fm/episode/GiPk81Avm7EgrvRbHWtO


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

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In a hyperbitcoinized society, individuals are sovereign and free from coercive state control. The traditional notion of citizenship, often equated with being taxed livestock by the State, gives way to voluntary associations formed between consenting parties. Therefore, in place of being "owned" by the State, citizens would instead engage in contractual agreements with private entities or organizations acting as their "custodians." These custodians could provide various public goods and services through market mechanisms rather than forced taxation.

In this system, people can choose which custodial entity best aligns with their values and preferences while retaining their autonomy and property rights. This arrangement fosters competition among service providers, leading to innovation, efficiency, and responsiveness to consumer needs. Ultimately, such decentralized governance structures promote individual liberty, economic prosperity, and social cooperation without compromising on essential communal requirements.


Kick off your shoes. Unburden yourself with song. Tell each other tales. Dance around the table. Leave the cleaning up for the morning. Then go outside and look at the stars.


For those that are new to Nostr, hello!

What’s cool about it is that Nostr it is an open source protocol. It is not a centralized company, but rather is a protocol that individuals and companies can build upon.

This means that you can use many different applications to access it, or even build your own. And it means that there is no central authority that can take down posts or delete accounts; there are different servers operated by different entities that are storing the data. And there is no central algorithm for determining what posts people see or don’t see.

You can hook up a bitcoin lightning wallet to send and receive tips (“zaps”) on posts. Nostr itself is not a blockchain or crypto and has no token, but the Bitcoin blockchain does complement it well via zaps.

Nostr is still relatively small, and a bit rough around the edges. But the community here is great, and familiarizing yourself with the technology and concept is useful in a world of centralized social media. It is a new method of decentralization that balances various trade-offs in a novel way, and the protocol can be used for a lot more than just social media.

Welcome!


The wise man must remember that while he is a descendant of the past, he is a parent of the future.

- Herbert Spencer


Bitcoin Audible Read_807 - A Measure of Sacrifice, Part 2

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙

https://fountain.fm/episode/e0cCaiH6XylC7BHK3mfx


It does not matter how slowly you go as long as you do not stop.

nostr:nevent1qqsg7zmd8jpvm0u5xtrljcv6kzwv0gjnemlytmhahddev7kwrjg9nfcprpmhxue69uhkummnw3ezuendwsh8w6t69e3xj730qgsxu35yyt0mwjjh8pcz4zprhxegz69t4wr9t74vk6zne58wzh0waycrqsqqqqqprvr25d


Be the Anarchy you want to see in the world.

Everything Voluntary ✌

nostr:note1up26sjxlejthah4lf0lus2h9lhmyesh28cc9jqq48pymgqgy4u8qvnjc47