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

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

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

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

Mises

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


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

Mises


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

Mises


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

nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt
 Sacha Meyers
nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um
🤙

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


nostr:nevent1qqsywtq2utl9cy4jyrjgk55v6ftkcxcf72en0fg9yzezkg2l3uglduspr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyz33r7x2y0ct30qgm4xmkqe60cx34x4hxrtey5qjuh8wx0pd9k2fqqcyqqqqqqghpdjnr

#food
#bake
#pie
#pumpkin

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

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


Scaling Bitcoin with Christian Decker

nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
🤙

https://fountain.fm/episode/PQAaC1sCvB2Cp3wLw39K


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

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

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


High signal episode 🔥🚒

nostr:nevent1qqsyg3nv22vxn8uhxrlp0z8ndej48ru5g0pldwhfvwkj7s0pkqxstwspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg8vdcmdtj0tsa83mdp98mczxalhe3cxjlx6gralkfx7666aznxwfspsgqqqqqqs6j0njg


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


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

Mises


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

https://fountain.fm/episode/ZlL38o3i1C4fVvzZusNx


Laser eyes until fiat dies

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


https://image.nostr.build/e017fe9adf5ef41fab3bbda9d3241dc3547238d1adc56142223afdef16122a1c.jpg

https://image.nostr.build/088b75450cb89e0584b44e47386d8d386e4b2a638404521add4ad8a03effd266.jpg


Fiat money is just an exploit:

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

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


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

Repost for visibility, want to see what people think.


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

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

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

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

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


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

nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt
Sacha Meyers
nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um
🤙

https://fountain.fm/episode/s2iw7h6a22t2YEarMZMz


Looks like CAPS ODELL is back on the menu boys!

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


Study Bitcoin

nostr:nevent1qqsyxzgz9dgrle6ht8lwujra0r3kylesa4unt89jrggf82er9uc87mgpzpmhxue69uhkummnw3ezuamfdejsyg82krn4d5etsz7dge8nmpztspqrqvr45yl2hs6enfmzexk84wglfupsgqqqqqqst3acen


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

It's my favorite twist

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


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

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

nostr:nevent1qqs0kw35p3sgr2fncdjueuysk752tpqcrmz6vdsx24ju0mt6nkatysgpzpmhxue69uhkummnw3ezuamfdejsyg9euaj5dwsxg4hdxqweu54uf8ay3ec2d0ezs2l85xh899rkzgprmspsgqqqqqqsx2g0zw


Old Fashioned

....stay classy


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

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


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

nostr:nevent1qqspzgt9m2j6cxyhgp3wg0sl9zca2cvlc8zxzkmyfnp3z8datgs97zsppemhxue69uhkummn9ekx7mp0qgsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcrqsqqqqqp83kgr0


Support Bitcoin Lightning with Greenlight with Christian Decker

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk 🤙

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


Bitcoin Optech: Newsletter #273 Recap

https://fountain.fm/episode/HFP49epFlaQnA9dL4UJn

nostr:nevent1qqstwhhjrejntczrpg6np38s52u8u9gnyrcadhk8xl0kfejuftupd7gpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtczyz7mj6knrtr27y3uw6pu24m4acsn3ks03uq3uwv5644zwfcwdyjh2qcyqqqqqqgvmz8v9


good morning nostr, get your priorities in order 🫡

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


Managing the Influx

https://fountain.fm/episode/yWMXglm9qjCFmx1ub199


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

https://fountain.fm/episode/kOP73UphICZuhLu7n17b


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


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

nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde

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


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

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


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

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


A bakery for nostr:npub15vgl3j3r7zutczxafkasxwn7p5df4des67f9qyh9em3nctfdjjgquscvxg


When Zaps?


Real Economic Growth Depends on Savings

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

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

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

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

https://fountain.fm/episode/BSHAkPLqsCoNd1EBBNFo


NEW SIMPLY SESSIONS

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

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

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

Subscribe for weekly news!
https://youtube.com/@BTCSessions?sub_confirmation=1


#ChiBitDevs

nostr:nevent1qqsz4mdymznjj7wgv76dncmdk4fhx37zmu8la35cmx8zmdjqfwaky4gppemhxue69uhkummn9ekx7mp0qgsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8srqsqqqqqpaatapt


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

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

https://fountain.fm/episode/HGagpxL6IlOTTTaDKsaF


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

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z 🤙

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


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

nostr:npub1ta5sstxzpk7aykejp6cv8eul80m2rjfwvp3rgjw0xgjtp7s3ak5s0c96f7
nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

🤙

https://fountain.fm/episode/N1CuTBZ236ddRgVkgOK7


nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

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


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

#Bitcoin
#Nostr


An Evening with Naomi Wolf

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

https://fountain.fm/episode/lvGfXRkObq3Cg4J9Yyyc


Get nostr:npub1tv8gmfhalwnxxquxjzeh6gtdsdz6vg7vx0s3rt7s7uuw6aujh32qn77wn2 on the podcast!

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


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

nostr:nevent1qqs9d2tc4hddqkujzpw5d6gu6kl7p6s0ald2dst3k8qyc0t5h4qlj7cpzpmhxue69uhkummnw3ezuamfdejsyg8g3f53axxenp7fv3fpmlmqqf0kquqr0zjg0yvqmjamffgz0pgyzypsgqqqqqqs9c9k4r


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

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx 🤙

https://fountain.fm/episode/wq7Gj90D1Tx4dNuSWiLT


Know Thyself

nostr:nevent1qqsvpzs5krhsd7uz8frg9c6jg5perhpf0cmm7xxydtgz39fxj4k8zfspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg8vdcmdtj0tsa83mdp98mczxalhe3cxjlx6gralkfx7666aznxwfspsgqqqqqqsl4kf2p


More grants. More notes. More other stuff.

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


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/bcytFFSuGco2yz6bcRhA


Bitcoin Optech: Newsletter #272 Recap

https://fountain.fm/episode/pgYnKrr3nXOBJZpZqsNP

nostr:nevent1qqszu4phncfz0q222a6kuw9yn2fwgyqnqngvgmmlvcxrxjt0mrx82ncpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qhkuk45c6c6h3y0rks0z4wa0wyyud5ru0qy0rn9x4dgnjwrnfy46sxpqqqqqqz0a3sfv


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

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


Building the Global Financial System with nostr:npub18m4nmc2wchzgcmzvnluqjzxyrpshp64mwje2vuz60kulny3v6c0qtgcl2x

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx 🤙

https://fountain.fm/episode/kMCaN0yOTSdKtZr8Ra3A


 This is NOT Capitalism w/ nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt Farrington

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z 🤙

https://fountain.fm/episode/egvpSQL9j5wVEXVtmNVi


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

https://fountain.fm/episode/iJQQOkQ5RxCAgYPvKZ4z


How to think about Economics with Per Bylund

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak 🤙

https://fountain.fm/episode/xyLlj5EM82zEi01PlldZ


Good evening.

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

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


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

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

nostr:npub1344hw59kuxz2vmz6mff3v23v8phzuce5ln8287x9kldu8d9lrezsx0nv23


30 of these with different facts 😁


Statism

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


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


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

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

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

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

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

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

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

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

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

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

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


Sounds like a good Guy's Take episode


Yesterday tried nostr:npub15vgl3j3r7zutczxafkasxwn7p5df4des67f9qyh9em3nctfdjjgquscvxg 🍰 the best ! 👌


The unexamined life is not worth living


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

nostr:nevent1qqs2caw8vragwy3srw9jjp98u3gaavcjcaurykvugm0kths2dcnp6pspzpmhxue69uhkummnw3ezuamfdejsyg8g3f53axxenp7fv3fpmlmqqf0kquqr0zjg0yvqmjamffgz0pgyzypsgqqqqqqs7cp3kv


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

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


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/oLduobB1mIVFTA1wS65s


Angel food roulade with homemade apple butter and cream cheese frosting

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


Know Thyself


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

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk 🤙

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


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


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

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

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


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


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/qaorCSw0bzYzkAql0Ofz


Decentralise Everything with William Casarin ( nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s )

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx 🤙

https://fountain.fm/episode/MFQnCVdOVIlcSKknRPgA


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

- Mises

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


nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp

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


Was already in my queue. Thanks for the recommendation 🤙


It's her

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

https://linktr.ee/whitneywebb


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

nostr:nevent1qqsz6usdzlldxlxcaauf8ywsa2tap596725ds3rwm8h5t64ppstqevgppemhxue69uhkummn9ekx7mp0qgsy86rlt3pvtvfuryalrehjjaqv4g2recqj9zhyh49svf2gx3vqe2srqsqqqqqpjtgcmc


Project Spartacus 👀


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

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


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


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

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


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

Philip K. Dick


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

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/aDBcf6taRlB98s4wdLKv


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

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


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


nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z

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


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_769 - Orange is the New Green

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

- Theo Mogenet

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/ermYOe0lpgnVdY1gJa8m


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

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

https://fountain.fm/episode/kOivOoV4VqayBargRXtQ


I made some pumpkin cheesecakes🎃❤🎃

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


🤤 nostr:note1s0vl9kaqw2azelkny7q2fmhgpxhypcew946jlh354m7x265y8lhsqnzpj7


TFTC #451: UTXOracle with Steve Jeffress & Daniel Hinton

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy 🤙

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

https://utxo.live/


LFG, LOOK AT HOW GOOD THIS LOOKS!

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


Pumpkin Cheesecake is becoming one of my favorite fall traditions 🎃

Enjoy Chicago BitDevs!

#Bake
#Food
#Cheesecake

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

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


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

https://fountain.fm/episode/qxHch1aftZyNiIZS8dAv

nostr:nevent1qqs8xe8ajy7rsc88sqnekg970jsluttcfjpvr98uq93pvqjlafgsgegpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qt42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qxpqqqqqqz6e9tcp


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

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


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


When WI?


nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx's reaction:

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


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

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

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


Bitcoin Optech: Newsletter #271 Recap

https://fountain.fm/episode/JPQyu2ahtMEMJhliZWPJ

nostr:nevent1qqsxdw0fj2ud5dyxzw9k7vey7xjjasvme9jg6frdk72eemwjetfz46spzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtczyz7mj6knrtr27y3uw6pu24m4acsn3ks03uq3uwv5644zwfcwdyjh2qcyqqqqqqg8rp8hr


nostr:npub1tlv67m7xvlyplzexuynmfpguvyet0sjffce3y8vu0suuyuwgzauqjk7fdm 🤙


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


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

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

nostr:nevent1qqsdtwrw9s0wfjnfa3lrdh7qdm733z8amjutdk2jxfsq62c63ln9jzqpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqgz5fepq


It is. How could it be otherwise?


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

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


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

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/hY9OlVDbA2fh1AQWYjZG


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

nostr:nevent1qqs8em00rw2uc9c9laz8f3z3a3eu2y0a0c270tjw6rk0jpgujhec98cpz4mhxue69uhhyetvv9ujuer9v4a8jtnfduhsygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvpsgqqqqqqs7kggkd


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

nostr:nevent1qqs8avtp38kkwqkmyswxs7p56rdpy5uh2n5k4n9ujpjynjvxy38x2nqpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszyp72vm2pv6ck749pdp5pjxapccux49mxyn6xxnecjmvmvaq28zx2xqcyqqqqqqgdxc35w


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

Murray Rothbard


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


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


If you understand, things are just as they are.

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


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

nostr:nevent1qqsxn94y386q30epufvwj4qc7fyrucw6fc8hveg25m9l3uddj2v8n4spzdmhxue69uhk7enxvd5xz6tw9ec82c30qgsxu35yyt0mwjjh8pcz4zprhxegz69t4wr9t74vk6zne58wzh0waycrqsqqqqqpe5qxc0


Fiat is coercion

Bitcoin is voluntary

nostr:nevent1qqspm8mcnlde6kt0s7tgl89eyvmgmrv0yk7trtcxc9gd6w998v8pmfqppemhxue69uhkummn9ekx7mp0qgstd4wrjtj4w5e7zchch2dztrc8npl8e5t5lg0kqvqv5u4jhrsw82grqsqqqqqplyfyrk


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

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

nostr:nevent1qqsr3ecnhcp2e5ydq5s9g4ykpvmw8kr6frvvsrzj987fex2qtkun8gspzpmhxue69uhkummnw3ezuamfdejsyg9euaj5dwsxg4hdxqweu54uf8ay3ec2d0ezs2l85xh899rkzgprmspsgqqqqqqsnp38v7


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

nostr:nevent1qqsp8408ue8w6fg3dxc8x2lzpsdf4snnm0w8n48ekewztct6tr0qlzgppemhxue69uhkummn9ekx7mp0qgs8k0mcqd6sw3h524qn5gslszt9am9knmes3uh268dgnnpv3yfwj6qrqsqqqqqp07sw0e


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

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

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

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


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

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

nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8
🤙

https://fountain.fm/episode/p8T1YAfX5bPlvftGp3EU

nostr:nevent1qqsrvau8ptqwax2fj9dqtu5d82ect0kmgnaep2dmmfpt9ddtsz3xymqpzemhxue69uhhyetvv9ujuum5dahx2u3wvdhk6q3qaz9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgsxpqqqqqqzzchvjd


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


Rabbit Hole Recap #273: The Bank Runs Continue

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
🤙

https://fountain.fm/episode/j28h7yn92PiJwdQO1ShX

nostr:nevent1qqsxg5s3hy3yzl469lzq3z4t3qzjfnhj5c4upgplxnjerja7q0latlgpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypl3wacx44hq46n4483nghvllkhxwem04leyn0n90dvkxa0pemfezqcyqqqqqqgg8yxt7


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

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


nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe

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


nostr:npub1s9z7pwy96thwt7zvmrlpfnddstezxxphx9rx3m0660sgkwld9eescjnszc

https://image.nostr.build/7532a663d7c032ec976d5f59967007dabb9fb8c86efaec2a38fda8c946b25ec1.jpg


Ludwig the Builder https://a.co/d/07TOGEk


Teach them young

https://image.nostr.build/6ad86dc829a448b708e1488e15764801c76d0cd60de74d907d0619a74b9f665e.jpg

https://image.nostr.build/fa4f1f6afeea82fdd5a1e6b2fa2e6ffc85bb4cf5dc894f3903cebce96ced8449.jpg


Will Bitcoin Lead to Anarchy? with Max Borders

https://fountain.fm/episode/BNQryFTQnRSsDOerq7vw


Count your blessings each day 🧡💜🧡


Hugged my wife
Laughed with my son


Nature's ledger (gold) has robust parameters for supply and debasement but doesn't move and get verified fast enough in the telecommunication age. Mankind's ledger (the dollar) moves and gets verified fast enough but doesn't have robust parameters for supply and debasement. The only way to fix this speed gap in the long run would be to develop a way for a widely accepted, scarce, monetary bearer asset itself to also be able to settle over long distances at the speed of light.

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


The difference in speed between transactional commerce and bearer asset commodity money gave governments and banks a huge opportunity for custodial arbitrage. A centralized and globally interconnected banking system with a monopoly on fast long-distance transfers of value became too powerful and convenient for gold to keep up with, even if gold could still make for better private savings. The introduction of credit cards in the 1950s, e-commerce in the 1990s, and smartphone-based payments in the 2010s further cemented the importance of fast telecommunication-based payments.

This is the only time in history where, on a global scale, a weaker money won out in terms of adoption over a harder money. And it occurred because telecommunication systems introduced speed as a new variable into the competition. Gold, with its inherently slow speed of transport and authentication, couldn't compete with the pound, the dollar, and other top fiat currencies with their combination of speed and convenience, despite gold being in scarcer supply. The combination of legal tender laws, taxation authority, and greater speed has allowed fiat currencies to outcompete their slower but scarcer precious metal counterparts all over the world in terms of usage. This mismatch or gap in speed has been a foundational reason for the greater and greater levels of financialization that the world has seen over the past century and a half. Monetary ledgers became increasingly detached from any sort of natural constraint or scarce units of settlement, because the only scarce monetary alternatives such as gold were too slow to present a complete alternative.

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


The Problem With "Classical Liberals"

https://fountain.fm/episode/yOlzvWz2GiITN9V6nf7Y


Bitcoin Merchant Adoption: This Time is Different? with nostr:npub1du6sgl90wse0cz44fg50a4kg9ea4sgctlxps90ccx58lw8ssgv9qhjyf3c

https://fountain.fm/episode/VPZUhjlafxKRMKnGcxLs

nostr:nevent1qqsw6g6dsrk4m3gtzgql4yc9v69ax85r70dzvwl7detj5jra8v58phqppemhxue69uhkummn9ekx7mp0qgspnlha0uuujmf07ahc0amz0tnez3dujuwc4v3jq5q9jwd94yfmctcrqsqqqqqp7q9zqt


The Corrupt Political Influence on Military Intelligence and Its Fundamental Role in State Propaganda

https://youtu.be/EpBc89yL-TE?si=YMt5HTMS8nXHxBrg

https://fountain.fm/episode/JeeSU4O9H4QRgn0VBEJ7


Talk with nostr:npub1r7psmkr4zv93xnal8un6d8hvmpsn5jvhfzn3kk38rfcel6awznks7znspg


The Economic Coercion and Repressive Tolerance' of the Woke Regime

https://youtu.be/LDjGYRiWRPs?si=Aty58c92NWjubYRo

https://fountain.fm/episode/tzpDXqDqLDSGNp1SjP3M


Bitcoin can be considered deflationary in nature because the total supply of Bitcoin is capped at 21 million coins, and as more people adopt and use Bitcoin, its scarcity can lead to an increase in value over time.


nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

https://image.nostr.build/0d236741f27a20647c590dbee68f57bd9c117cfe99a912865f3f55f7b2df0768.jpg


CD112: Lightning Node Security with Ken of the VLS Project (HSMS for Lightning)

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx 🤙

https://fountain.fm/episode/u3avxDHnbpAQsVWyNNJM

nostr:nevent1qqs886v4j6tggz88wms55m9mcfvwzt59uvvat5eq0qnpkwyekjd8pdspzpmhxue69uhkummnw3ezuamfdejsygqyey2a4mlw8qchlfe5g39vacus4qnflevppv3yre0xm56rm7lveypsgqqqqqqs3ly8nu


Yesterday Unchained announced a major release - an enterprise collaborative custody network. It's an entirely new enterprise custody solution that eliminates any single company as a point of failure.

We announced the first 2 enterprise partners, UK-based Coincover, and qualified custodian Kingdom Trust as the first 2 enterprise keys available for inclusion in a multisig quorum to secure large bitcoin holdings.

What's different about this?

-Additional enterprise key agents are currently onboarding, we don't just have 2. More announcements soon, and you will be able to select the enterprise keys you'd like to use.
-Individual multisig wallets are generated per client and per key arrangement. Even if you choose not to hold any keys (legal reasons prevent you from holding keys), you have access to the multisig file, can verify your bitcoin on your full node, and recover externally from Unchained with the key agents using Caravan, Sparrow, or even Electrum.
- We will be able to offer "qualified" collaborative custody with categorically superior security for the bitcoin.

Centralized bitcoin custody is dead. Enterprise collaborative custody is available now. https://unchained.com/private-wealth-and-enterprise


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_768 - Living Through the Fall of Rome ( nostr:npub1xr4duv928lxxkl8ease7elutw77zmagph387az2fcg5clr2e43zq6sf6z3 )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/KUcbmCQYjtFMHPIofepq


Limitless Money and the Limitless Fed

https://youtu.be/6Bc7KozVnaQ?si=8dr3P9VJeS7dOzQ5

https://fountain.fm/episode/Eaw6XNaoX70hfWYuogwd


After four years of work, James O'Beirne's ( nostr:npub1ta5sstxzpk7aykejp6cv8eul80m2rjfwvp3rgjw0xgjtp7s3ak5s0c96f7 ) assumeutxo option to allow instant UTXO set bootstrapping for your Bitcoin node is merged into Bitcoin Core.

https://bitcoinmagazine.com/technical/coming-soon-an-easier-way-to-bootstrap-your-bitcoin-nodes-utxo-set


BTC149: Parallels to the Roman Empire w/ Dr.  nostr:npub1xr4duv928lxxkl8ease7elutw77zmagph387az2fcg5clr2e43zq6sf6z3

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z 🤙

https://fountain.fm/episode/ljRLxD9b7CslIw3nmic2


So, regardless of technological knowledge, real economic growth requires an expansion of savings. An expansion in savings permits an increase in the stock of capital goods, while the increase in capital goods permits an increase in economic growth. Technological knowledge by itself is insufficient.

https://mises.org/wire/does-technical-knowledge-always-lead-economic-growth

https://fountain.fm/episode/9ZoQe6b7yi2JW6a2L4Y6


Prudent individuals and communities should strengthen local networks to weather the coming storm. While the precise timing remains uncertain, resilience comes from laying proper foundations in advance. A key aspect involves increasing involvement with one's local community and forging bonds of cooperation. Joining area organizations and neighborhood groups can foster mutually beneficial relationships and support systems invaluable when the currency buckles. With shared purpose, communities enhance their capacity to withstand the crisis.

nostr:nevent1qqsga3fjw4sfjsl6cl7sk4562p6x20yj8lu309rxwcmw7q9tmmphpcgpzdmhxue69uhk7enxvd5xz6tw9ec82c30qgsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncrqsqqqqqp3gqymq


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_767 - Pay Me in Bitcoin Theory ( nostr:npub1w69ya7xs697hk3hky3gllryz8rwverfa0ylz89chf9qnhfcskc2s64zltw )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/fc9CD5h75Wpm2y2Or2og


BIP324 (p2p encryption) and AssumeUTXO (for testnet and signet) were both merged this morning! They'll be ready for testing in the upcoming v26 release.

Both features are opt-in.


Human interaction is, at its very core, a series of formal or informal credits and debits to others and is organized by rituals and rules that are tied to our evolutionary instincts, our earliest religions, and our earliest governing structures.

However, proponents of the credit theory of money tend to take their concept too far, often disregarding the importance of commodity money entirely, and generally painting too optimistic of a picture of a society's ability to govern a flexible, credit-based ledger at a large scale over long periods of time.

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of eco- nomic relationships that were independent of the power of the state.

Carl Menger


Many people consider money to be a shared delusion. In this way of thinking, a society can pick anything it wants as money, as long as most of its members believe in it. Paperclips could be money, for example, if we all agree that they are. While this seems true at first, it's not sustainable. If the supply of that money can be rapidly expanded, then everyone's savings can be rapidly diluted. And a monetary premium provides a lot of incentive for people to make more of it, if possible. Therefore, if a money is not selected wisely within a society, it only takes a small number of individuals to break free from their society's shared delusion to realize that its money isn't scarce, and make a lot more of it to extract value from everyone else. Alternatively, people from a different society can exploit that society's shared delusion. Therefore, the only types of money that can maintain usage in a society for a long period of time are ones with a significant degree of genuine scarcity to them.

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


Fear the boom, not the bust

https://youtu.be/zJrQQy2gLY0?si=yc-lk7KjuH1OKvax


The Breaking of the Global Economy with nostr:npub1qw6e8meaj5gzk49alamh9qf35lpmml5sq7ctjtxhcjk55qppmcjs0j2v52

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx 🤙

https://fountain.fm/episode/DiML6GeYQRrovcPjqYfG


Strength in restraint 😅


I got a little ambitious with my geode cake over the weekend and had some extra cakes leftover.

My husband's coworkers are in for a treat Monday morning 😁

Chocolate cake with toasted coconut cream cheese frosting

#cake
#bake
#food

https://image.nostr.build/2fd77a95bb70c4d58a662a60c907e898d473db9148fc87bd1d2056466799ad69.jpg

https://image.nostr.build/003745bb430ab8cd1902b53e366f5a0b2acc082ca79c451f47f72e7e4a0b30f2.jpg


HODLing through the cycles with American nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs (SLP515)

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk 🤙

https://fountain.fm/episode/oWCz1QvVAtINVMN9smiu

nostr:nevent1qqs030s3wlwp2zsq8rweqjdzr9n5wfqvhhn39d3txgmfwg2tj60exxgppemhxue69uhkummn9ekx7mp0qgspnlha0uuujmf07ahc0amz0tnez3dujuwc4v3jq5q9jwd94yfmctcrqsqqqqqptxckar


🎯

A workforce crisis looms in construction as well.

The construction industry faces an impending labor shortage as a generation of experienced journeymen retire without a robust pipeline of new talent to take their place. Companies will be vying for workers from a shrinking pool of qualified candidates to meet project demand. Proactive steps must be taken now to recruit and train the next generation of skilled tradespeople.

nostr:nevent1qqsvh6xgmzzft4flrauqf4znm3duvww6v7j2l9gea96tf6wddc7sldcpzdmhxue69uhk7enxvd5xz6tw9ec82c30qgswcm3k6hy7hp60rk6z20hsydml0nrsd97d5s8mlvjda44469xvunqrqsqqqqqp2jmk28


nostr:npub1tq7z72r2g859ucwfmr4qne8ft6v2z38c2qlqhmq098q4qpvv5m0svhxzxp

https://image.nostr.build/446232e6d3b8c5c89360d22cef26c5ac253ce8ec83e29f0b874067ae566d0672.jpg


Some believe it is only great power that can hold evil in check, but that is not what I have found. It is the small everyday deeds of ordinary folk that keep the darkness at bay. Small acts of kindness and love.

nostr:nevent1qqs9p6j405xm8nua2mzv9ju7yprhlx8w8vvxcpr2q5d39upa5zhp8dsppemhxue69uhkummn9ekx7mp0qgsq6p28mepzm77gyyj8wfdlcasu8m73rk5c7ml0pmpacgf5v524cksrqsqqqqqpzs838m


Most Economists Are Wrong about the Economy

https://fountain.fm/episode/B6PZ7EMIbreI4VsUpgIy


Apple butter goat cheese focaccia

🍎🧈🐐🧀🍞

#bread
#bake
#food

https://image.nostr.build/1f921546a87d62ace08f1b0d066761221065b519a6bdc351b26d877d28a92472.jpg

https://image.nostr.build/732f6d4c4bc5e04db7f1c36ee3f8dc57f2c1d76d6ba283b9238cb269f8e70828.jpg


Thanks 🙏 I'm very spoiled

Please share her creations 🤙


Hey Nostr!

My wife is here to share her baking adventures with the world. Show her what nostr is about and share the love 💜

nostr:nevent1qqsqr0y036mk5a8p963cecu3jzdgtydqhjqam4p2vmgydhrvwh562jcpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpgc3lr9z8u9chsyd6ndmqva8urg6n2mnp4uj2qfwtnhr8skjm9ysqvzqqqqqqywksu4d


Beautiful and delicious things from a new nostrich! #foodstr #bakestr #grownostr   nostr:nevent1qqsqr0y036mk5a8p963cecu3jzdgtydqhjqam4p2vmgydhrvwh562jcpzdmhxue69uhhyetvv9ukzcnvv5hx7un8v6cwl0


OMG 🫠💜

nostr:nevent1qqsqsrlg9f6ehguhwpf8lltrrl5dj4ym2fth0shm3dd0j8dseq3wf0qpp4mhxue69uhkummn9ekx7mqzyz33r7x2y0ct30qgm4xmkqe60cx34x4hxrtey5qjuh8wx0pd9k2fqqcyqqqqqqg4rt8vk


nostr:npub15vgl3j3r7zutczxafkasxwn7p5df4des67f9qyh9em3nctfdjjgquscvxg has some next level, high end baked goods going on nostr! https://i.nostrimg.com/1636c0b50ce71487eaea64cd2eaa1869ec68c443a4e4a3121f7ea30fef0fa6c2/file.jpeg


🤤 nostr:note1qx7glr4hdf6wzt4r3n3eryy6skg6p0ypmh2z5eksgmwxca0f549swuxatn


👀

nostr:npub15vgl3j3r7zutczxafkasxwn7p5df4des67f9qyh9em3nctfdjjgquscvxg


Hey #bakestr, I found a fren nostr:note1qx7glr4hdf6wzt4r3n3eryy6skg6p0ypmh2z5eksgmwxca0f549swuxatn


"Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping toward destruction. Therefore, everyone, in his own interests, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us."

"I know only too well how hopeless it seems to convince impassioned supporters of the Socialistic Idea by logical demonstration that their views are preposterous and absurd.

"I know too well that they do not want to hear, to see, or above all to think, and that they are open to no argument.

"But new generations grow up with clear eyes and open minds.

"And they will approach things from a disinterested, unprejudiced standpoint, they will weigh and examine, will think and act with forethought."

It is for them

- Ludwig von Mises


This guy needs some assistance. nostr:note1zmnsu7r2anuagh54jm5knnely498ljjqwelqnenhrmt9ycg0yy6q4gjjwe


*different or better!


Soon

https://media.tenor.com/gRW10_RyxEEAAAAM/sorry-were-open.gif


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_766 - Spiderchains, Proof of Stake L2 ( nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

https://fountain.fm/episode/jZpCYtISeZRBT46wAh3r

https://bitcoinmagazine.com/technical/spiderchains-a-proof-of-stake-second-layer

https://blog.lopp.net/an-introduction-to-spiderchain/ - nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp


Yo nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx, nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy,

I think our huge nostr:npub17tyke9lkgxd98ruyeul6wt3pj3s9uxzgp9hxu5tsenjmweue6sqq4y3mgl v0.7.0 release fell through the RHR software update cracks (was released just as everyone was descending on nostr:npub1theparkprcs70dcs437ke9zzwsr6u60f8flu7rg28m30438aep9sd94dha for Grassroots and the HRF event).

Six months of work. Record number of contributors. REPRODUCIBLE BUILDS!!! Incredible quality-of-life usability improvements.

So proud of this release! 🎉🔥🔥

Shout out to nostr:npub17tyke9lkgxd98ruyeul6wt3pj3s9uxzgp9hxu5tsenjmweue6sqq4y3mgl! Shout out to nostr:npub1rfd0hxdzcze6pzj29thuz34vur57wm9quje7w3edxjgusq6m47csnl7wrt! Shout out to myself 🤣!! And especially to our growing list of awesome FOSS contributors!

ps - we wrote the "Highlights" part of the release notes specifically for RHR!

nostr:note1tw508y5rlhn8lufps5agyjvpxt2z0hf4f3fpyyg7hr2hhf7n3jdsp2ne6a


Rabbit Hole Recap #272: Bear Hunting Season

nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy
Matt H̶e̶l̶d̶ nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
🤙

https://fountain.fm/episode/NNF7m4sFyPBD6jxiW68T

nostr:nevent1qqs9dzat2f5jeycmxdrnxq7vgs4r2s3vemsuhvdms4s97wlwyc0z9ngpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypl3wacx44hq46n4483nghvllkhxwem04leyn0n90dvkxa0pemfezqcyqqqqqqgt0allt


https://image.nostr.build/fe823fdab72cb605ce397d7385bd91af4a1e0e6f58e03c067e33799a371a2416.jpg

https://mises.org/library/socialism-economic-and-sociological-analysis


https://image.nostr.build/efcdecb7c97c90b466aa66fd6050d01f5b4a66e8a6e6e8ece5e11dae365927f1.jpg

https://www.meetup.com/milwaukee-bitcoin-meetup/events/296430168/?isFirstPublish=true

nostr:npub1344hw59kuxz2vmz6mff3v23v8phzuce5ln8287x9kldu8d9lrezsx0nv23 🤙


Bitcoin Optech: Newsletter #270 Recap

https://fountain.fm/episode/HfbVOJMrDfIiFPGigjv8

nostr:nevent1qqs8q854lvalrnsnas47zl9ur5w8fjyxsjq9xm6gxhf8h09kr0fg4ycpzdmhxue69uhk7enxvd5xz6tw9ec82c30qgstmwt26vdvdtcj83mg832hwhhzzwx6p78sz83ejn2k5fe8pe5j2agrqsqqqqqp3gawj9


"Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping toward destruction. Therefore, everyone, in his own interests, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us."

nostr:note1xz268l3fudf5t8rm3sh477scuvw2mxyn448crvefpdacxr5976aqlv2fn0


Bitcoin Optech: Newsletter #269 Recap

https://fountain.fm/episode/j0JcLKVujI9VybjOtLma

nostr:nevent1qqszsscc644f45ds84u0nff0ge4tz8uf3dyrv7t6e2ddh7pp0avutdspzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtczyz7mj6knrtr27y3uw6pu24m4acsn3ks03uq3uwv5644zwfcwdyjh2qcyqqqqqqgdrv4cy


Kids Don't Need School with Jonathan Prescott & Adriana Prescott (SLP514)

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk 🤙

https://fountain.fm/episode/GQYcYOYf3ZJupLnawXqa


The story of commodity money is a story about technological progress. Various commodity monies serve as honest and fair ledger systems up until technology reaches a point where one group gains an unequal advantage, which then forces everyone else to adapt or lose.

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


nostr:npub1ta5sstxzpk7aykejp6cv8eul80m2rjfwvp3rgjw0xgjtp7s3ak5s0c96f7

https://image.nostr.build/2b5af0808240723f805d0f01fcc55b15acc63858f02e9ec5a26c1cdf21b7f5e1.jpg

https://github.com/bitcoin/bitcoin/pull/28550


"At its core, money is a ledger. Commodity money serves as a ledger governed by nature. Bank money serves as a ledger governed by nation states. Open-source money serves as a ledger governed by users. As the book explores, the evolution of technology changes the prevailing power structures and incentives surrounding money from era to era."

nostr:nevent1qqs2c5qc4fvxdw20dyqv6c9epehawv0qlul2hywcxa59cdg4hyd442gpz4mhxue69uhhyetvv9ujuer9v4a8jtnfduhsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqs4074hg


Next book - Broken Money: Why Our
Financial System is Failing Us and How We Can Make it Better

By nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

https://image.nostr.build/80af957868ec9f61a817c81becf66ff823e7f7d1975b2816c6459f8df38fee43.jpg

Very excited to start this. Thanks for writing it Lyn 🤙


Time is running short. We face a toxic mix of high-time preference junkie politicians and central bankers who are only too willing to provide the fix. We are depleting capital and borrowing against the future. We consistently display high time preference, both as individuals and as a society. This cannot end well for our children and grandchildren.

It is past time for all of us to demand better money, not better monetary "policy." It is time for money to comport with human nature and reward the saving impulse. It is time for us to reconsider our bequest to future generations and make their lives better and more prosperous than ours.

Jeff Deist


The saver-investor initiates a "process of civilization." In generating a tendency toward a fall in the rate of time preference, he - and everyone directly or indirectly connected to him through a network of exchanges - matures from childhood to adulthood and from barbarism to civilization.

Hans Herman Hoppe


This is the perversity of our times: with inflation rates higher than savings rates, the overwhelming incentive is to spend and borrow rather than produce and save.

Bitcoiners already understand the problem. The simple economic concept of time preference explains so much: some people are more than willing to forego consumption today to reap a larger reward later-even if that "later" is beyond their lifetimes. Time preference is the only way to make sense of interest rates and their critical function in society; interest rates reflect the relative preferences of borrowers and savers. Manipulation of interest rates by central banks severs this critical mechanism, allowing bubbles to occur in the form of new credit without new saving.

Without interest rates determined by time preference, society's signals become mixed up. We all understand, axiomatically, why humans prefer something today (certain) over something in the future (uncertain). We may die unexpectedly, our financial positions could change radically due to unforeseen events, or external conditions could influence our desires. We all understand borrowing money to buy a dream home at age forty instead of paying cash at age ninety. We all understand why lenders, given the uncertainty and forbearance that goes with lending, want to be paid interest for their risk.

It is a matter of time.

Jeff Deist


Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do they make us happier and more productive? Or do these twin forces actually distort the economy, misallocate resources, and degrade us as people?

These are fundamental questions in an age of monetary hedonism. It is time we began to ask and answer them. Millions of people across the West increasingly recognize the limits of monetary policy, understanding that more money and credit in society do not magically create more goods and services. Production precedes consumption. Capital accumulation is made possible only through profit, which is generated by higher productivity, thanks to earlier capital investment. At the heart of all of it is hard work and human ingenuity. We don't get rich by legislative edict.

Jeff Deist


The essence of Austrian economics may be defined, then, as the structure of economic theorems that is arrived at through the process of praxeological deduction, that is, through logical deduction from the reality-based action axiom.

Joe Salerno


BTC148: Bitcoin and Ai w/ nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z 🤙

https://fountain.fm/episode/aMGmtykwt75Wn9nXIpJE


Thanks nostr:npub1r7psmkr4zv93xnal8un6d8hvmpsn5jvhfzn3kk38rfcel6awznks7znspg 🤙

...wen zaps?


Honestly, I'd have to do some research on that 😅


We absolutely need some form of covenants for the scaling direction we have gone in to really work in the long term.

There is no way around that, either we accept the limitations of Bitcoin as it is now, or we improve it to address those limitations.

https://bitcoinmagazine.com/technical/youll-activate-the-covenants-and-youll-like-it


Liberty, in the political sense, is not an ideology which you impose on other people; it's the absence of ideology. It's what happens when you leave people alone, when civil society and marketplaces are allowed to function and flourish. It doesn't need to be imposed on anyone - it's the state which is the imposer - and of course it's the natural condition of social cooperation. Mises almost called his book Human Action, his magnum opus, Social Cooperation. He says it's the only way you can organize society peacefully. But we have no choice, all of us here today, but to recognize that millions of Americans, millions upon millions of Americans - maybe a majority of Americans - simply don't see the world the way we do. That's a fact. So, the goal of this national psychosis, which they produce and impose on us every four years, is of course demoralization, more than anything. Don't let that happen.

Jeff Deist


"Rome's collapse meant staggering loss. People forgot how to read, how to farm, how to govern themselves, how to build houses, how to trade, and even what it had once meant to be a human being." - Rod Dreher

Has the world fallen so far into reflexive statism that we have forgotten how to be free? Are we living, like Dreher says, on the edge of a new dark age? Or is a revolution, a radically decentralized Hoppean "bottom up" revolution brewing? Is the pushback we see all around the world-against central states and their cobbled together borders, against political elites, against the UN and the IMF, against the euro, against taxpayer bailouts, against cronyism, against PC, against manufactured migration, and against drug laws, a last gasp? Or the sign of worldwide movement toward political decentralization?

Finally, let us remember that every society worth having, every advanced liberal society, was built by people with long time horizons. Horizons beyond their own lives. And generally those societies were built under very difficult circumstances and conditions of material hardship far beyond what we're likely to face. So let's appeal to our better natures and turn "What Must be Done" from a question into a declaration.

Jeff Deist


CONCEIVED IN LIBERTY with nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m & Patrick Newman on Murray Rothbard

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak 🤙

Part I

https://fountain.fm/episode/fcyY7D13OhUoFja4o9Cg

Part II

https://fountain.fm/episode/0kUAJp9K4kf4HXOvmIwB


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

Ayn Rand


Nuance and Other Stuff Transmitted by Relay


NEW: HRF gifts ~19 BTC ($505,000) via its Bitcoin Development Fund to support 15 projects worldwide 🌍

Targeting:

🎁 Global education
🎁 Bitcoin Core
🎁 DLCs on lightning
🎁 E-cash
🎁 Scholarships

You can learn more in this exclusive from Bitcoin Magazine: https://bitcoinmagazine.com/business/human-rights-foundation-donates-over-500000-to-15-global-bitcoin-projects

Grant #1: $50,000 to Furszy for his work on Bitcoin Core, where he is a top 10 contributor.

Funding will support his essential contributions to enhancing Bitcoin Core’s software stability, performance and security by reviewing PRs, and fixing bugs 🚀

https://github.com/furszy

Grant #2: $50,000 to summer of bitcoin to support their incredible summer fellowship program
The 2023 program featured more than 10,000 applicants from more than 70 countries

Grant #3: $50,000 to Jarol for his work on Bitcoin Core
Jarol will use funding to review PRs and fix bugs in Bitcoin Core; expand developer education; improve the Bitcoin Core App; and help bring full nodes to mobile phones

Grant #4: $50,000 to Vinteum for their work on expanding open source Bitcoin work in Latin America and Brazil.

Funding will support Bitcoin Core developers, foster Bitcoin communities, and build a Bitcoin Core developer pipeline education program in Latin America.

Grant #5: $50,000 to Gee Deer for his work on lightning native stablecoins and Bitcoin Core.
Gee’s proposed stablecoin will use Discreet Log Contracts to reduce counterparty risk and maximize decentralization ⚡
https://github.com/D33r-Gee

 Grant #6: $50,000 to the Kawaakibi Foundation to build a MENA Bitcoin Hub.

The MENA Bitcoin HUB will educate activists, journalists, and nonprofits on using Bitcoin to transact freely and receive international donations and hold their money securely and privately.

Grant #7: $50,000 to Justin Moeller for his work on Fedimint
Justin will focus on implementing a database migration mechanism to allow guardians to upgrade their Fedimint servers seamlessly.

Grant #8: $25,000 to D++ for her international educational initiatives and work on FOSS projects.

D++ will use funds to do international education, running a free Bitcoin bootcamp, and maintenance of Bitcoin Core and FOSS Projects.

Grant #9: $25,000 to Bitcoin Ekasi for their efforts to build a circular Bitcoin economy in South Africa.

Funds will support the onboarding of new local businesses to Bitcoin and the operation of a center to teach practical skills and Bitcoin knowledge to the local community 🇿🇦

Grant #10: $25,000 to Amiti for her work on Bitcoin mentorship, ADDRMAN, and Bitcoin Bytes.
Funds will support Amiti as she mentors Bitcoin Core contributors, improves ADDRMAN to increase the security and privacy of Bitcoin nodes, and builds Bitcoin Bytes.

Grant #11: $25,000 to Ben Perrin for international Bitcoin education.

Funding will allow Ben to create educational materials and conduct in-person and virtual workshops to teach dissidents and NGOs how to use Bitcoin safely and securely 🔏

Grant #12: $25,000 to La Librería de Satoshi to make technical education accessible to as many Spanish-speakers as possible.

Funding will be used to create Bitcoin and lightning courses, enabling Spanish developers to become Bitcoin Core Contributors.

Grant #13: $10,000 in travel grants to TabConf, a technical Bitcoin conference that took place in Atlanta, Georgia on September 6-9.

Grant #14: $10,000 in travel grants to Satsconf, the largest Bitcoin conference in Brazil taking place in Sao Paulo, Brazil from November 2-5 🇧🇷

Grant #15: $10,000 in travel grants to btc plus plus, a Bitcoin developer conference focused on Nix and software reproducibility taking place in Berlin, Germany from October 6-7 🇩🇪

HRF is proud to support a diverse range of projects to make Bitcoin a better global tool for human rights.
Since early 2020 we’ve supported more than 95 projects globally with more than $3.2M in USD and BTC gifts.

Submit proposals at dev dot fund @ hrf dot org
Donate and learn more at https://hrf.org/devfund


Creating real value for others is the foundation for society and individual prosperity.

nostr:nevent1qqsylqmgs8837egsdxd6ng6snlgl9qzhhegcd26e6pljgumsqkmfytspzpmhxue69uhkummnw3ezuamfdejsygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvpsgqqqye9qx9ygug


#Chicago #Bitdevs 12 October 🤙
https://meetu.ps/e/M8LS2/NyGyt/i https://image.nostr.build/5348a7e5dce7c51c76e2f2cc05714ad266e1676bf68e025afa75c88e15eec624.jpg


Never stop reflecting.
Never stop learning.
This is the Way.


Know Thyself


But if once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities and services will not cease to rise, everybody becomes eager to buy as much as possible and to restrict his cash holding to a minimum size. For under these circumstances the regular costs incurred by holding cash are increased by the losses caused by the progressive fall in purchasing power. The advantages of holding cash must be paid for by sacrifices which are deemed unreasonably burdensome.

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

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

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

Mises


nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l

https://image.nostr.build/4a3f106dc9d7c054552836de313d3d5f957279d03fea76ef467371bba9dd9856.jpg


"Even if you are able to make a living and put yourself in a position to comfortably survive higher price inflation, no amount of money you make will force those who don't receive dignity from their work into the job market. And you will notice a decay in your quality of life as a result."

nostr:nevent1qqs9av64rkh9x5pgc9ryudy909xat8r28emnzjrlqdhyuauytdt5jwspzdmhxue69uhhyetvv9ukzcnvv5hx7un8qgsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8srqsqqqqqp6hm02u


The next generation of Bitcoin Lightning wallets is here with Phoenix from ACINQ. Rejoining me is CTO of ACINQ, Bastien Teinturier to talk about how the team is innovating a great self custodial experience for bitcoin and lightning users:

High Fee environment
New Phoenix fee structure
Splicing and what it enables
Dual Funding
Liquidity Ads
Building on a smartphone app
Can ACINQ steal from users?
APO
Biggest challenges
Reasons to be optimistic

https://stephanlivera.com/episode/513/


Base58⛓🔓 is excited to announce that we're taking the next step in scaling the World Famous Bitcoin LARP!

We're raising money to build 50 LARP sets that we can distribute to communities and meetups and educators around the world at no cost to them!

🚀

https://geyser.fund/project/base58sworldfamousbitcoinlarp


New Rip dropping today w/ nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs

Wisdom for Surviving Bear Markets

✅Fear
✅Greed
✅Prodigiously Reproducing
✅Drivechains
✅#Bitcoin Vulnerabilities

Listen here👇
https://fountain.fm/episode/y2EBdS2qGQuRk32mXth3 https://image.nostr.build/753086cfb51df83b49a64dd23765123e0b0f1a2835c4d5751ce9fd775d5c9f23.jpg


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_765 - "Hoarding" is a Keynesian Slur ( nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy )

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/L72P6GtWwpKBd9pJMW11


Realize that those in power will do pretty much anything they think will work to stay in power. The only thing stopping them is the probability of success. And if they've duped a significant percentage of the population, their probability goes up and their tactics become proportionately immoral.


The Tom Woods Show Ep. 2392 Alex Epstein: Don't Declare a "Climate Emergency"

https://fountain.fm/episode/PTSlkskk0ItMDk4ryZl9


True progress demands skepticism, critical analysis, and debunking of the many myths cloaking the state. Only through emancipation from falsehood can the politics of sociopathic domination be displaced by voluntary civil cooperation grounded in the advanced economics of free choice and sound money.

nostr:nevent1qqswszgq33vu0zea4hzve0rj4qrtckfzhtcafs78gvnrmte7z0v76lcpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtczypjpl56q5a3rjfs0k2n0g8pnknnf00jxwq3plv50zkvgj678wlz0uqcyqqqqqqgpd2s4c

nostr:nevent1qqsd7yyc03ptu6w4lvy0v50whs0dxm0qn6grk9w5uuyw67puy2wf3zcprfmhxue69uhhqatjv9mxjerp9ehx7um5wghxcctwvshsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqsmqjufe


Intolerance of free speech is a dangerous thing. Intolerance in the name of virtue is a dangerous thing. Political correctness is dangerous... Society has become much more intolerant, much more exclusive, much less open, much less pursuing the truth.

nostr:nevent1qqsf0e2lzwzvw3qyj0gus2kzguc2usmy6e9m3rfty8yvxgqn3vag73gpz4mhxue69uhhyetvv9ujuer9v4a8jtnfduhsygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvpsgqqqqqqsuftgsz


Children are the best thing ever.


👀

You have wheels now?
Now you can come up to Wisconsin.


Chinese Lantern Festival

https://image.nostr.build/a9cebfc7c169d0aaf555d3c1bbd42088e931dcc85771bfef5d219c7f4c667f92.jpg

https://image.nostr.build/a97ef9ac4aa1cfbb56285a63d0f41f048bbee5f0f5d4eea2246eca22c1c11fe7.jpg

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https://image.nostr.build/1a19b83a462d0bcefed85a2df6d8275166f96c8fd2e3bc43a54c54ddfd80c539.jpg


There is a subtle but crucial difference between self-sufficiency and self-responsibility.

Being responsible for one’s own happiness, well-being, and material confort,  however you define it, does *not* imply that you must be some “rugged individualist” who provides everything for themselves, yet that is a stereotype that is often invoked when discussing voluntaryism.

You of course can, if you want, but more practical is developing strong, positive, voluntary relationships with your family, neighbors, and chosen others so you can coordinate and collaborate to produce more abundance than you could alone.

You’re still responsible for your own way in life, but you can usually do better by specialization and division of labor than you can on your own.


Any recommendations closer to Ottawa?


Where is the best poutine in 🇨🇦 ?


Much progress has been made over the last five years, but we're still in the early days of the lightning network. nostr:npub185h9z5yxn8uc7retm0n6gkm88358lejzparxms5kmy9epr236k2qcswrdp joins the show to highlight what works and what we need to improve to ensure bitcoin and lightning scale.

https://tftc.io/tftc-podcast/446-the-state-of-the-lightning-network-with-matt-corallo/


#271 Tick Tock Next Block

https://fountain.fm/episode/DsYMi5R6G8HpvLQRDjOv

nostr:nevent1qqstccca9xzs0p2lesxq3c9dke2jxgwr59nvn666yeh083u5wd2cpespzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypl3wacx44hq46n4483nghvllkhxwem04leyn0n90dvkxa0pemfezqcyqqqqqqgvxp56t


It's a meticulous process.

PoW 😁


 Layers, Payments, and Relays with nostr:npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/vFm1GLEARRbWitV5cWPP


Thanks for sharing. Would love to hear all about it🙏

You hit the nail on head though. I think the change you're describing is unfortunately a byproduct of broader adoption. New network participates enter the network and adopt it with different values than the original cypherpunk origins. Consensus naturally shifts and steers the project away from the philosophical underpinnings that were the impetus of the origin.

Sadly I think that most people really don't want a separation of money and State, but rather an adoption of Bitcoin by the State.


It's by far my favorite thing she bakes each year 😁


Johnathan, are you speaking about the change in the development community specifically or the larger Bitcoin community more generally?


Some food for thought:

https://mises.org/library/intra-firm-coordination-through-rule-following-and-emergence-hierarchy


Thanks for sharing your insights James. I definitely don't think it's boring. 🙏

I'm interested in doing more research into how hierarchy, as a coordination mechanism, naturally arises from decentralized / spontaneous order systems. Bitcoin as a project is indeed an experiment in how hierarchy emerges spontaneously absent a clearly defined leadership structure. Do you think there should be more effort within the community to promote spontaneous hierarchy instead of dismissing it as destructive centralization?

You mentioned competing implementations and I wonder if we could ever see private implementations competing with one another if the project ever gains substantial global adoption. 🤔

Thanks again ✌


It's that time of year when my wife bakes peanut butter apple pie 🤤

https://image.nostr.build/be1e6987abe00becbaf28d17bbd093a0caabae2bc5726fcd728751bbd58b219c.jpg

https://image.nostr.build/79b042e302b0eeeee9d1e04de1b036757a8700272003005fea84cb367435ac59.jpg


It's important that the tech we build supports Bitcoin's core values: self-sovereignty through the preservation of anonymity, accessibility, and decentralization. Together, these values build us a system where trustless financial transactions without intermediaries are a tangible reality for all, not an imagined ideal.

nostr:nevent1qqswkjhz8ua70gwlm5wh7fxxsskcdsc8dfk0uu9emclsuslx0ya5v7qpz4mhxue69uhhyetvv9ujuer9v4a8jtnfduhsygrcwvu82l7zt4jumy5njn27wufu7smr36xjt85deaw88wp5awz37gpsgqqqqqqsn5astr


Either humans deal with one another voluntarily, through civil society and markets, or they deal with each other using compulsion, through crime or government. Economic means or political means, the age old choice remains the same.


There is a deeper and more satisfying reason for us to be optimistic. The state is not only fiscally unsustainable, it's intellectually unsustainable as well. We should be optimistic because we're living at the beginning of what Hans- Hermann Hoppe calls a "bottom-up" revolution. Bottom-up because it starts at the individual and hyper-local level. Bottom-up because it relies on radical decentralization and political secession. Bottom-up because it bypasses politics and traditional power structures. Bottom-up because it bypasses state schools, state intellectuals, and state media.

Governments, and the political classes who run them, are facing a nonviolent revolution of ideas that was scarcely imaginable just twenty years ago. And this revolution will strike at the heart of these states' only true asset: their legitimacy in the eyes of those they would govern. The bottom-up revolution is based on informed individuals who increasingly don't need elites, political, academic, or scientific, to run their lives. It is based on the recognition that national and global governance schemes have failed to solve, or even address, huge structural problems like hunger, medical care, energy, and economic development. It is based on radical decentralization, political and otherwise, because the vast diversity of individual interests demands an end to top-down government edicts and bullying by 51 percent of the electorate.

This can happen - and is happening - without even a tacit acceptance or understanding of liberty among the majority of people necessarily. They simply see with their own eyes that the state doesn't work, so naturally they seek another way.

Jeff Deist


If you believe the state is harmful rather than benevolent; if you believe that the state threatens individual rights and property rights, rather than protects them; if you believe that the state decreases our chances for peace and prosperity; if you believe, in sum, that the state is an overwhelming force for ill in our society, a force that makes all of us far worse off, why in the world is it unrealistic to work toward its elimination?

Notice that the charge of being unrealistic, impractical, or overly idealistic is never applied to medicine or crime prevention. Nobody says to the cancer researcher, "you should be more realistic, cancer and infectious disease will always exist. Why not just work on making the common cold a bit less severe?" Nobody says to the criminal investigator, "gee, organized crime and violence are just part of human nature, it's useless to try to prevent them. Maybe you should just focus on reducing bike thefts."

So why should we be apologetic or timid or less than fully optimistic in our fight against the state? We should not. Like the cancer researcher, like the crime fighter, we should be bold, we should be optimistic, and we should be vigorous in our opposition to government.

Jeff Deist


True Utopians are the central planners who believe they can overcome human nature and steer human actors like cattle. To quote Murray Rothbard: "The man who puts all the guns and all the decision making power into the hands of the central government and then says, 'Limit yourself'; it is he who is truly the impractical utopian." In Rothbard's eyes a libertarian world would be better, not perfect. So while our revolution is indeed intellectual, it is also optimistic and pragmatic. We should talk about liberty in terms of first principles, and how those principles make for a better society precisely because they accord with the innate human desire for liberty. Let the statists explain their grand schemes, while we offer a realistic vision of a world organized around civil society and markets.

Jeff Deist


Liberty is the only manner of organizing society that is compatible with human nature and human action.


At some point, Americans of all ideological stripes have to ask themselves a question: if one really believes 30 or 40 or 50 percent of the population is beyond redemption, utterly immoral, stupid, fascist, racist, or communist, what should be done? Should they be killed? Deported? Herded into camps? Re-educated against their will until they vote correctly? Forced into low-caste status, politically, socially, and economically? Tolerated, but punished in future elections?

Or should we listen to Mises, and elevate political separation, federalism, and localism to the highest political principles?

Top-down rule from DC isn't working, and in fact it's making people miserable and ready to think unthinkable thoughts about civil war. And for what? Miniscule policy differences between two parties that will never lift a finger against war, state power, entitlements, or the Fed?

It takes 70 million votes to control the White House, and the (deep) administrative state may be beyond the reach of even an overwhelming political majority. No matter where you sit ideologically, the risk of becoming a marginalized political minority grows as state power grows. It is time to stop trying to capture DC and start talking about realistic breakaway or federalist solutions, even under the umbrella of an ongoing federal state. The upcoming election won't settle our problems, but only make them worse. At least 50 or 60 million Americans, a group far larger than most countries, will be politically disenfranchised and ruled by a perceived hostile government no matter what candidates or parties prevail.

If breaking up seems unthinkable, so does civil war. Is it written in stone that 330 million people must live under one far-flung federal jurisdiction, no matter what, forever?

Jeff Deist


Democracy, far from yielding compromise and harmony, pits Americans against each other while creating a permanent bureaucratic class. All of this is understandable and predictable from a libertarian perspective. Only libertarians make the consistent case against democratic mechanisms, and consider freedom from state power as far more important than majority consensus. Freedom isn't up for a vote, as the hopeful saying goes. Liberty - properly understood as nothing more and nothing less than freedom from the state - is the highest political end.

Jeff Deist


nostr:npub1rexyltl8ke389qlxqc0707rz77fuuqzdsdd69vlzneaz2p9vnkaq4l6u3c
https://image.nostr.build/47abc32935320cc13537e9cfe29722cc937df59993dee6159c743bee331f869e.jpg


Honestly curious to understand more from your perspective. Care to elaborate at all?


BTC147: Fiat Ruins Everything w/ Bitcoin Developer nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42

nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z 🤙

https://fountain.fm/episode/fwo17Zp0KiAlCjGDu6GY


How we reflect creates who we are.


v3 Transactions and Package Relay with glozow SLP511

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk 🤙

https://fountain.fm/episode/wi3nwbbiVsM5goAv9pla


Another pod in the bag, this time with the great  nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy. Talking about misconceptions about the nuclear power industry and discussing how to power the world without resorting to predicting the weather.

https://fountain.fm/episode/nfyZ0giHSa91TLSpkYee


#Bitcoin discourse should be as inclusive as #BTC itself.

nostr:npub1dc84762hpnp0y4jcvjcgwt8l7sepng93j3hg63hfm80ph6kt82eqktjwqd  stops by to discuss...
⇒Why BTC is good for the planet
⇒How BTC helps the marginalized
⇒Protesting too-big-to-fail banks
⇒The Immaculate Bitcoin Orgasm

🎧 https://fountain.fm/episode/HW669C1UfxBskYD8NQRw https://image.nostr.build/fd80e3c20857d2d35befcd7d0edcb6775fe97deeec6dcd5a6e51dfaeaa72ba70.jpg


I'm sure that fiscal responsibility and austerity is right around the corner 🙄

https://image.nostr.build/29fd70dd5fce383ec59760d061db4d5add0ecc50645f2ca5bc5965ec11e55f73.jpg


Building and maintaining the cryptographic library with one of the largest bounties is a monumental achievement. Really enjoyed this conversation with some of the guys working on Libsecp.

Bitcoin Review Podcast BR050 - Libsecp Panel ft. Jonas Nick, Tim Ruffing, Lloyd Fournier, Jesse Posner & Rijndael

https://bitcoin.review/podcast/episode-50/

https://x.com/bitcoinreviewhq/status/1700238783084400776?s=46


nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp

https://image.nostr.build/1e7c02624c08e10eb9da4667be27ead1cbe26a91568b0c806b70ec5c28c2e896.jpg


nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's  Take 070 - But Deflation is Bad

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


It may not be popular, but every great society was built by people with time horizons beyond their own lifetimes.


The entrenched mindset, the default position in American politics today is for government to "do something." This is the activist view of the state - held by both Democrats and Republicans -  that no area of human activity is not the state's business.

We can blame pandering politicians for this, we can blame the cronyist patronage system, we can blame mainstream media and government schools for this - and they are all to blame. But it doesn't change the fact: most Americans are now reflexively progressive, meaning they want government to do something, rather than reflexively libertarian.

Jeff Deist


The ongoing narrative of Bitcoin remains an unfolding tale. As this groundbreaking economic innovation continues to mature, its precise trajectory remains an enigma, shaped by a multitude of unpredictable and diverse influences. While Bitcoin's decentralized structure precludes any single entity from wielding absolute control, the individuals operating nodes wield significant sway over its course. Their values, philosophies, and visions for Bitcoin's future will inevitably leave their mark on the protocols and systems they choose to embrace. What lies ahead for Bitcoin is a narrative yet to be written, and only time will reveal the direction it ultimately takes.

nostr:nevent1qqsf6ewp36xgmhlf5ujrmusdj82j74tsxel3rhry4adnqnthp8kvk4qpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygza2jzvsjt84tpesmx4z2hcmnw4yseapyq6mwa4jgmqzxyy9qa2rcpsgqqqqqqsz53x9e


We live in a time of great opportunity and also great peril. But if we come together and work for peace, we can leave the world better than we found it.

nostr:nevent1qqs0s398myg0vvr7pz7k0zzntctm454dd0yn3z7twa9nex4emh74lvcpzdmhxue69uhk7enxvd5xz6tw9ec82c30qgs9ez06ea26rc45f4rf0cyckdxkvvhlvekeawqee29jttp0hjm5mkcrqsqqqqqpzd633t


Hey nostr:npub1tv8gmfhalwnxxquxjzeh6gtdsdz6vg7vx0s3rt7s7uuw6aujh32qn77wn2, I just zapped your note 210 sats on nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg using nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm😁


To be honest, I don't feel qualified to speak into the current technical limitations of the existing protocol. But the economics of the blockspace seem pretty straightforward to me. Higher demand leads to higher fees. Even with second layers taking some transactions off the main chain, a hyperbitcoinized world has several orders of magnitude more demand, which increases base layer fee rate and pricing out low economic users from self custody. Anthony Towns has a great blog on this conversation as well.

Both pieces from Towns and nostr:npub1ta5sstxzpk7aykejp6cv8eul80m2rjfwvp3rgjw0xgjtp7s3ak5s0c96f7 are referenced in my piece. ✌


I have not. I'll check it out 🤝 what's the TLDR?

Can you restate the second part, what you're asking?


Irrespective of one's stance on the scalability of self-custody or the inevitability of custodianship, it is paramount to ardently oppose the phenomenon of ossification for as protracted a period as possible. The paramount lesson gleaned from the crucible of the blocksize war is that the expansion of Bitcoin necessitates enhancements at its foundational level. The advent of the Lightning Network, a transformative development, would have remained a pipe dream had it not been for the vital upgrade to Segregated Witness (SegWit). This underscores a crucial correlation: the efficacy of secondary layers is inextricably tied to the efficacy of the bedrock base layer protocol. Bitcoin's evolution must persist if we aspire to achieve the scalability of self-custody and the imposition of constraints upon custodians, with a steadfast commitment to free-market incentives and the fortitude to withstand state coercion through robust censorship resistance.

nostr:nevent1qqsf6ewp36xgmhlf5ujrmusdj82j74tsxel3rhry4adnqnthp8kvk4qpzamhxue69uhkxcfwdaexzmn8v4cxjmrv9ejx2aszypw4fpxgf9n64sucdn239tudeh2jgv7sjqddhw6eydsprzzzsw4puqcyqqqqqqg3cdm66


Hey nostr:npub1tv8gmfhalwnxxquxjzeh6gtdsdz6vg7vx0s3rt7s7uuw6aujh32qn77wn2, I published this note in nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg


SLP510 ls On-Chain Analytics Legit? Cointime Economics with James Check ( nostr:npub1qh5sal68c8swet6ut0w5evjmj6vnw29x3k967h7atn45unzjyeyq6ceh9r )

https://fountain.fm/episode/DfqCSSMxXQ2f49KxkfZq

nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk 🤙


nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q : Evils of THE ALGORITHM

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 🤙

https://fountain.fm/episode/lcUGdAmT499x8klNKtuY


The thoughtful mind understands that truth is found in carefully weighing many perspectives.

nostr:nevent1qqsw7zc2pk4kw85n9sz7rk4ewnd8zt04gmyhf324h9549qvcp0eq9dgppemhxue69uhkummn9ekx7mp0qgs9k2f9t4024t44wa2jhux3zqcrwm6805v6qzw97k5qmhrn6jf4nasrqsqqqqqpd3chkn


Coming To Terms With The Economic Reality Of Scaling.

My latest piece with nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu

https://bitcoinmagazine.com/technical/coming-to-terms-with-the-economic-reality-of-scaling


Do Libertarian Conspiracy Theories Violate Austrian Economics?

https://fountain.fm/episode/r8RG2Jn9jOEV6pIqmwHk


nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq  #270: A Ripple in Time

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy

https://fountain.fm/episode/e3ZniCrtPbXzz8YVy279


Prices are a tool to transmit information. Price controls conceal information that free market prices would reveal. Prices under a price-control regime convey misinformation. They systematically falsify economic conditions to producers and consumers alike.

Distorted Incentives & Allocative Inefficiency are the byproduct of price controls.

When governments set price ceilings (maximum prices) on essential goods like food, it discourages producers from supplying these goods because they can't cover their production costs.

In the short term, this may lead to consumers paying lower prices, but it reduces the incentive for producers to invest in production or expand their operations.

Price controls create a situation where the quantity demanded exceeds the quantity supplied at the controlled price, leading to shortages. Consumers may scramble to buy the limited available supply, exacerbating the problem.

"There is no third system between a market economy and socialism. Mankind has to choose between those two systems" -Mises

https://image.nostr.build/08d066b0bde48d4424b931fcdc65af358d839d1f2eeceed6012f1bb8c311ebcf.jpg