‘it seems to me like [a] choice between living without responsibility today, and being alone without options in 30 years’

I’m so fortunate to follow sharp minds with fine writing skills here on nostr.
nostr:note1rau7de52r88hmadxfxw47lnjwpw868ejrwmxvm3f0y77x3j0nzqqs6xqek


Laeserin Making Dictionaries Great Again


Yes. Sort out the monetary system and then start working on interstellar travel (or whatever you find interesting and worthwhile).


Fiat currency and Bitcoin are two competing monetary systems.

The former is dominant in terms of usage, familiarity and volume. For most people, there’s little choice but to use it. Arguably, it is rooted in injustice.

The latter is nascent with a small but committed group of adherents. Participation is currently voluntary which makes its current value all the more remarkable. Arguably, it is more ethical than fiat.

Developments in fiat will inevitably have  an impact on Bitcoin so it makes sense  to analyse fiat data and extrapolate an impact on the other system.

An overlap, an ebb and flow between the two and cross-references are inevitable until one is completely vanquished.


‘Undoing the last 40 years, for the next 40 years.’
nostr:note1kr8q2fknghvcuq8dcd0eyh8us8ukk5nu9qc8xm0d8p7r3fzpp2fsfp2hps


‘You think you're a revolutionary, but you're in your intellectual safe space.’

This didn’t hurt at all…..

https://media.tenor.com/_tT0mRfm0t8AAAAC/embarrassed-sad.gif

nostr:note14xhskvwctnylgd0gr2qjqq9zytthk6e3tk55dkynq7jdu43a7xzqrjd8ag


There’s certainly a lot at stake here:

‘Religion spans the gamut from how the universe came to be to where you might spend eternity.’

I agree that the capacity to healthily manage doubt is important.

But it’s more important is to have a good conception of God i.e. 1. the belief that God will let you ‘off the hook’ if you have got it wrong after making a decent effort to find the ‘Truth’ and 2. If you are fortunate to have correctly identified the ‘Truth’ the same mercy you would have received under scenario 1 would apply to others who unwittingly arrived at the ‘Wrong’ conclusion.


Thank you. What an insightful comment.
https://nostrcheck.me/media/637a2f1da5d2fc1976c14ec00f8eae4015afe99bb2554f1d537d0086a169dd8f/384a09ece2bfc02e79391acdce94411c3418e8b0cb72ab34ed11a7956ef43693.webp


‘For better or worse, your face is shaped by the masks you wear.’


‘Søren Kierkegaard wrote most of his major books using pseudonyms, or heteronyms. Fear and Trembling was attributed to Johannes de Silentio. The Sickness unto Death was authored by Anti-Climacus, named as an attack on one of Kierkegaard’s earlier pseudonyms, Johannes Climacus. Either/Or had two pseudonymous authors, and a pseudonymous editor! All in all 22 two alts have been connected to Kierkegaard. He wrote a book about his pseudonyms.’


‘Pseudonyms are a social technology with a deep history. Haiku poets took pen names called haigō (俳号). Hafez, the name of the 13th-century Persian poet, is a nom de plume.’


‘I do admire people who are unapologetically themselves in public. That is a gift. If you have the courage to be authentic while showing your face, that helps widen the Overton window of weirdness. You make it less scary for others to do the same; you make the world more alive and human. But if you can’t do that, like most people can’t, if you feel like you can’t say what is on your mind when your friends and family (or the mob) can hear you, it is more authentic to wear a mask and say what you feel than to stay silent with your face bare. It is the act of being yourself that is the deeper gift; not the name.’


‘Authenticity is not about the identity, but the way you use it.’


‘I think using real name = authentic is too simplistic and boring.

When you talk like this you locate authenticity at the level of the identity.’

https://www.henrikkarlsson.xyz/p/pseudonyms-and-agency


Nice share. Thank you.

‘That analysis revealed that legal documents frequently have long definitions inserted in the middle of sentences — a feature known as “center-embedding.” Linguists have previously found that this kind of structure can make text much more difficult to understand.

“Legalese somehow has developed this tendency to put structures inside other structures, in a way which is not typical of human languages,” Gibson says.’


So, the harder the money, the clearer the narrative (whether it be from scientists or journalists).


‘We have to know how to incorporate explicit trust indicators into our web of trust calculations.’


‘Bitcoin is…only as powerful as the world we build around it.’
nostr:note15z3pk2hlx08cl8trzgwx6nys0jql4xq8swppcl76t7csgepqyx8s5gdw0s


Whoever touches the floor first has to buy an ordinal.


Nice!

‘A global, non-inflationary reserve currency will force nation-states to alter their primary funding mechanism from inflation to direct taxation, which is far less politically palatable.’
nostr:note1q44ezc6cvfzhed73z5r6z3l3cr7lw4gtew53sgufn2mc96d2cfuqua78gw


Love it.

I was thinking the other day that if you can’t put an idea into a meme you haven’t really grasped it.


‘Bitcoin is humanity’s first opportunity to unify under a singular, global, peer-to-peer form of money’
nostr:note1a6h9vnxhsq42v69nge6wms3flhvc50nd96qrvypf4cmj78msht0sme6lvz


This is a relay setting. I don’t know of a client where you can make such adjustments when preparing the note you wish to send.


See below.

Client: nostur
https://nostrcheck.me/media/637a2f1da5d2fc1976c14ec00f8eae4015afe99bb2554f1d537d0086a169dd8f/5e3c6b5324c438d9d14c21aa602bc35302129ab2a9027be7c0139f1ac73060a2.webp


Beautiful!

‘Once people filled with online hatred calm down and meet in the real world, they often find that much of the hatred shaped by algorithms is not worth mentioning.’
nostr:note1g5ywecehnd509rss8agjfldtrnls2rqgt0jgaxv5zxnqe9fhmmvqt7xlhx


‘if nobody ever tries to censor me, what was the point of nostr?’

Good point.

Perhaps it is not until you are censored or kicked off a relay that you truly appreciate your ability to communicate.
nostr:note1ng0a0gllw234hjk42t40xpdz9ve9lseeq8997e6nn6t7ea6jsgts00va9y


Make Bull Markets Great Again


…and this money is all out of storing value.


For me, nostr’s best feature is that it connects me with good people who are willing to think and work hard to make things better for themselves and others.

I want much more than a decentralised Twitter clone.

Let not a lack of dopamine be the enemy of the good.


‘it is true that social networks can be unhealthy addictions but when the control levers are missing, the harm is less, and the benefits greater because they are not being squashed to trade off for the interests of those who want to shape opinions and feed off advertising budgets’
nostr:note1mrz3may82mqxwxr29wvt6ykw5fdgrydx3gdwj4mwwz6xykq5yd4sp3wynx


‘reality is much more interesting [than simulation theory]: hopeful, happy, strange, and full of love and great arcs of epochs that we can actually understand, and even death itself is not the end for our little threads’
nostr:note19754nmys32g5sxmrqcrgc30jhcnzapel3e76uffyklcdkktzw6sq5fhe0p


‘Fiat’s monopoly position over MoE is the basis of its power’

https://stacker.news/items/656460/r/halalmoney?commentId=656610


Me: happy to be of service

Also me: I don’t know what I’m talking about

https://media.tenor.com/xuqqWpWnCC4AAAAC/african-kid-africa.gif


This may be of interest:

The Gossip Model was named after this client, because gossip never used a simple list of relays. From day one it tried to find posts of people that you follow wherever they are most likely to be, based on those people's relay lists as well as half a dozen other heuristics. Today multiple clients use a similar model, focused around (NIP-65). Gossip connects to all relays necessary to cover everybody you follow, while also trying to listen to the minimum number of relays necessary to do that (considering that there is overlap, and that people generally post to multiple relays). It also dynamically adjusts to relays being down or disconnecting.

https://github.com/mikedilger/gossip


A key factor is the % of one’s wealth which is in Bitcoin. If the % is low, it makes sense (from a bullish on Bitcoin perspective) to spend out of fiat first. If and when the % nears 100% then spending one’s Bitcoin will become more of a necessity (assuming one doesn’t use the Bitcoin as collateral for a fiat loan).

Both the right ideas, the timing and the major flows of capital need to intersect for a paradigm shift to occur.


‘One of the things I love about nostr is that there's a lot more authentic expression. That suggests to me that the incentives are right.’
nostr:note1zezlmsahe3nh4lcnqzuvff8dd89j6t85gpawccn9eclq0mkkvl3sfe2mha


‘it’s axiomatic to networks that they have to start with a small, cohesive group’
nostr:note136x8accz9n5jqznrysvqkecpp5vp4f2rd8n59lryc4mnm0v6uhwqyafkrh


The market, though susceptible to irrational exuberance and excessive fear at times, is smarter than the judgement of most individuals. That same market, despite awareness of Bitcoin’s shortcomings and attack vectors, values it at over a trillion US dollars.

Its longevity combined with its current value should lead a person of reason to at least study it in depth rather than reflexively dismiss it as a gimmick or a scam.


‘In a shocking revelation, the psychological and scientific communities have come under fire for misdiagnosing millions of Americans as communists, when in reality, they simply possess subpar cognitive abilities. The embarrassing blunder has left many questioning the credentials of psychologists and political scientists on X’

The Bugle


nostr:npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jl 🙃


I’m now following nostr:npub1s3ht77dq4zqnya8vjun5jp3p44pr794ru36d0ltxu65chljw8xjqd975wz even though this dev stuff gives my brain the ouchies.


A new concept for me, thanks.

Openly published protocol vs. Openly developed protocol

I assume there’s significant overlap but the current trajectory gives valid cause for concern.


Only when I see 58k….


1. If he’s your friend then his child is important to you. Perhaps stack sats for the kid with money you would have otherwise spent on a ‘normal’ gift.

2. Hodl for 20 years.


I changed my wallet address last night (shockwallet) but didn’t change my NIP-05 (stacker news).

More importantly, whatever you choose to do I hope it works out beautifully.


That word again! Mleku, I wouldn’t be surprised if you muted the word ‘we’ for a while.


‘they’re so desperate for likes over freedom’

https://media.tenor.com/ozqCVlQw6M4AAAAC/oof-simpsons.gif

nostr:note1cfccug59nzp770xs74yq06k0yngn2jau29hgdkn5u686c3gxm0yqpm785j


‘price is… a thermometer, not the heat itself’https://media.tenor.com/ihqN6a3iiYEAAAAC/pikachu-shocked-face-stunned.gif

nostr:note170zgh0rm63mcwu9mnws37xk86xrjjxwnt077aytj0nqkzsqm956sf4qqce


‘Small touches, big picture ideas, talk about how [Bitcoin] relates to them’
nostr:note165n5j8qfqwdrnyuf3dfxqjmavhfgmfsrpd09e80txkfyvp3k39as0mllla


Hyperbitcoinization happens but after a long Mandibles flavoured decade or two.


By a similar logic, the $35tn debt will pay itself off.


Looking forward to the competing AIs insisting on being paid in Bitcoin.

‘the answer to “where should we devote resources” isn’t static. It changes year to year, month to month, even minute to minute sometimes. It is a question of value and judgement. The only way to sort out this relationship is through trade and competition, denoting the necessity of Ai that compete and exchange data and resources.’
nostr:note1h4ktzlkz6prdv6m7zgy62wyfqmf0970ljpq4fhgw6jgh7rghp50sswr429


Welcome. To avoid an underwhelming experience, follow more npubs and respond to interesting notes.


Perhaps a nostr client could emulate Google’s PageRank system i.e. before Google went from Do No Evil to Do Mostly Evil:

Quality of note X (total zap value, WoT) * number of other high-quality notes interacting with note X.


What could possibly go pong?


‘Osmo wants to be able to use its technology to teleport scents by digitizing a scent in one location and recreating an exact copy in another location, Wiltschko says.’

nostr:npub1kzu0hk2h3tpru7pdj73jk7e6wtx6qas8vy6eh4jkv82zw545py9qu9rf4g This may be relevant for Ai Unchained.

https://www.cnbc.com/2024/08/18/former-google-researchers-startup-uses-ai-to-digitize-smell.html


‘protocols come around a lot less frequently than applications, and thus people frequently confuse the two’
nostr:note1cpsyntxh8gcpgenzd9ucgf7yn0dudv74384fgnw85qdvc4esa6zsnspgwq


“The challenge the brain faces with memory is quite impressive," says Flavio Donato, who is the head of the research group at the Biozentrum. "On one hand, it must remember what happened in the past, to help us make sense of the world we live in. On the other, it needs to adapt to changes happening all around us, and so must our memories, to help us make appropriate choices for our future.”

#grownostr

https://newatlas.com/biology/brain-three-copies-memory/


I like your notes. Please don’t die.


Everyone gets freedom-tech functionality at the pain point they deserve….


We might also ask

- cui bono
- who doesn’t benefit

From these we may reasonably derive likely sources of support and opposition.


New word via my mis-reading: hyperbitcoinrealisation


So many good takes on nostr today!

Maybe I’m a quote-bot who thinks he’s an actual human.

‘Humans only build when there is scarcity and progeny.’https://media.tenor.com/uyqwUbSR-cEAAAAC/the-matrix-has-you-the-matrix.gif

nostr:note1jtf4dxl0vftjukl96dckugsfxf6gelpje0awdf3f3j0gnd9pw0zq7hlqmc


Corporate wants you to identify the difference between these two statements….


What a note!

‘The world is a web of interwoven threads, each pulling on the others, each driving the whole. To seize upon one thread and declare it the whole truth is to embrace a comforting illusion. Complexity defies reduction, and reality resists such narrow confines. Seek out the many forces at play, the tangled roots beneath the surface, for it is in the interplay of causes that the true shape of the world emerges.’
nostr:note1uh6g52xhj0pahcahsngejkspcthkllaask4cvua597u4td00veqqcppe2h


Even funnier with the sound on!🤣


Ah, thanks. Just yesterday I had reason to go to a flat development I’ve not been to before. While it looked nice from the outside, inside it felt like a monotonous maze.

I may not live to see it but I hope future generations will have a better money resulting in everything else improving (food, housing, travel, schooling, work, more time/inclination to connect to the divine/higher purpose etc.)


Thanks nostr:npub1fjqqy4a93z5zsjwsfxqhc2764kvykfdyttvldkkkdera8dr78vhsmmleku

I think I’m missing the source of your apparent dislike of tall buildings. I thought tall buildings are just vanity projects plus a practical way to deal with the expensive price of land in good locations.

‘evil has gradually entrenched itself in human governance, established large cities with giant tall towers, and an elite culture that asserts that it is more powerful than God and pretends it can violate the laws of physics and all the other lesser laws than these’


‘What was good is now bad. What was repulsive is now embraced. We've coined terms like "minor attracted" to normalize the unthinkable.

It has never been more important to look inward and stand firmly with the morals and ethics that have always been a part of us. Propaganda and indoctrination has worked its way into our psyche. It is meant to confuse and bewilder but it cannot MAKE us follow.

Don't be afraid to stand alone for what you know is right. Find others who will reinforce that sentiment with truth, integrity and sanity.

It's a battle for our very souls’
nostr:note1d8wk2mwu4yglshsjut9kuxa87kh0muktszgqtnxw49tn4un3nksqp4uxw2


‘It's not a speculation, an investment, or a portfolio hedge...

#Bitcoin  is better money for a better world.’
nostr:note1f6ys98dghjcsjznezhxdvjf2czez2pew2dvan64w7vxklgq0w46syca9fe


Change the world > Blame the world


‘The project proposes to install a plant in the North Sea, where conditions are similar to those found in Finland but extend over an area of about 65,000 square kilometres. There are geological fissures and igneous rocks there that could generate energy for 20 million years by extracting just 0.1% of the existing heat, with cheaper facilities and a stable supply.’

https://www.ecoticias.com/en/geothermal-energy-mine-discovered/5412/


🤣 ‘political jurisdictions are akin to bcash forks’
nostr:note1s3wyqxnnulwq6lyhcwxrtcvky354jrpk83ev7c3njny6pu8e3kyqc57mya


A fascinating read.

As a cautious optimist, I hope that the same discernment and discipline it takes to build one’s Bitcoin position will be deftly deployed to exit one’s Bitcoin position.

For example, ‘too much’ Bitcoin will not be left to inheritors if they show little potential to handle their riches in the ‘right’ way.

As for those who failed to acquire a life-changing amount of Bitcoin before ‘hyperbitcoinization’, they’ll still benefit from the expected societal benefits.

Missing out on Bitcoin is tough but it’s much better than the current system.


Read a book a long time ago called “People of the Lie” wherein the author M. Scott Peck defines evil as “ militant ignorance.”


‘grasping for price controls is the short-time public and political instinct that ultimately makes things worse, every time.’
nostr:note1sgpg02v7djya5j20vw34zathfs82xvutktwp7zlspctzhp4kg8pq8q0pcv


Only zaps or fuck off


But they’re not building any new land….

https://media.tenor.com/YhgRvbs3UTAAAAAC/special-dumb.gif


‘No human being should have the power to decide if another human being can use money’
nostr:note1hwgtejuhpwsyjjjqlhnqpyfv8lf5plam040ganckttjhy6hdr8nsz9trv4


‘Nobody pushes more hate, division and violence than the MSM and their alphabet agency handlers’
nostr:note1ydnr85r6txd5y3ecmsa0m5t6s9nwzw622en9vqumwj8nly26dtsq8zzkpv


Just when you think you are beginning to understand money and saving, Guy enters the room….

‘there’s no such thing as “hoarding” money that can be objectively defined, and to save money…[is] literally the act of providing resources to the economy without taking anything in return’https://media.tenor.com/tI9cv0IJlpEAAAAC/rpx_syria-mic-drop.gif

nostr:note1njqqzaa3ggkxt0xhs46tnynvgknmk820qrj0tg60aq8m25a4jjwqganfsu


‘Cornering Bitcoin as a SoV is an attack vector’
nostr:note1gjad2j9zyulcpzwxuvdqzwv5szp2gg3d0wjjuv44uagqrfn6fzksjakwdp


‘we need a diamond mind, a diamond goal: SEPARATE MONEY FROM STATE’
nostr:note1qvx05e36zhnnuek338v0t7njjuygtm7j67dhtwetsz2h28lu2c5s32thxd


‘People are always tempted by immediate benefits and blinded by temporary confusion’
nostr:note1rtseae6hz4a8ajvqwxt4pcku82kv7ucnkhx2mtppmpf2s0hem9rs0fcntu


‘low time preference behavior must be integrated with fortitude and justice, otherwise you just become a miser’
nostr:note1lpq3fn739k3hs82a4l3r7reku030n6c64kr40hpufmm46t54l0kq8lulz5


IT = irony technology


‘In a few days, we will publicly launch Tando which turns all 100,000+ business in all of Kenya into a biz you can spend bitcoin at. From street vendors to shopping malls, spend sats anywhere, easily.’

https://media.tenor.com/vvnB-IHC4FkAAAAC/make-it-so-picard.gif

nostr:note18f36g8jep8c594t2zvzvqlwy9hruaajuvwwrvpvxph2c9kpv74tqqc49pq


‘We live in a time when financial institutions have been given the right to police activities of citizens.’
nostr:note16vtrmm502ss337wrd3wzd0y2ljutuqjn3ryf8xr6pmlclg8q7apqcj62m9


‘All models are imperfect representations of what’s really going on’
nostr:note1qefhyt7tajjvdeegnyv7xxt4ncjay65anvv6g0thzcu4zrpz432s2kufun


‘Thinking demands responsibility, the capacity to be [bear being proven] correct or incorrect, [enduring] the existential angst of what it means to decide on the nature of things, and what it means if you are right or wrong.’
nostr:note15l0r3r8hh5lynjephmtynm8rj5kwmu6fr6adk0lhgdpy454mmdusccun59


‘The whole system creates an amazing web of trust where we all do the proof of work of distilling the fire hose of information into a flow of quality’
nostr:note1dn7sl70dze4xjjhj65ncrtrvj2l6928dk5vrz729m89lqplhr37q5ky07f


‘Since CBDCs are necessary tools to implement carbon allowances and social credit score systems, we can expect that any political candidate that is on board with climate alarmism, also see CBDCs as useful tools in herding (forcing) consumers toward eating less meat, using less gas, driving fewer miles with cars, travelling less with planes and using less energy in general, which, under her policies, there won't be sufficient energy anyway.’
nostr:note1q7ehfjxl3g5fxpm5urpd8cg37n46g7zvcpacz2e7cr4hgrvejkfq5ms5vy


nostr:npub17cesrmqdevllp9x7r7zh9z0qpqjt9ca3utrz3699pjfguqqggn5s2kw8jp

#introductions

Welcome to Nostr!

Give it some time, choose interesting people to follow (based on their recent posts), write a response to notes which resonate, search against hashtags of topics you like and liberally use the mute and unfollow functions!

I took a look at your site and read your latest piece. I have questions.

1. How long does it typically take to write an article that takes 5 minutes to read?

2. I incline to the view that people are prisoners of their habits. Isn’t possible that you don’t like Business Class flights because you are not used to them? What irritates in the short term may become habitual after enough exposure.

“In my line of work as a doctor, the Hard Product is easy to identify. It is things like the physical premises we work from, and the equipment we use. It is also the “science” of medicine – the prescriptions we write, the procedures we perform, and the plans of investigation or treatment we create for patients.

The Soft Product is known as the “art” of medicine, where the doctor-patient interaction is itself therapeutic, and perhaps more important than the prescription. It starts with the doctor’s appearance, body language and eye contact. The consulting room layout. Breaking down any personal barriers between doctor and patient. Being familiar with the patient’s medical and personal history. Rapidly understanding, almost instinctively, what role the patient needs the doctor to perform, and being able to deliver it. Communicating at a level appropriate for the patient. Allowing time for the patient to reflect. Being available for the patient.”

https://a-deeper-thought.com/whats-your-soft-product/


Expensive , easy , some KYC

https://azte.co/buy?country=US


‘The possibilities for sovereign self-identity, portable and immutable data across multiple industry lines, instantaneous access to funds and payments, and real-time analytics all continue to move from concept to reality across the globe. These innovations, alongside the benefits that blockchain-based information can deliver to AI applications – providing a trusted and readily available pool of data from which to work – allow bitcoin to stand apart from other comparative commodities such as gold.’

Sean Stein Smith, Forbes, 10 August 2024

https://archive.ph/2024.08.15-151348/https://www.forbes.com/sites/digital-assets/2024/08/10/bitcoin-is-better-than-gold-and-recent-market-volatility-proves-it/


‘To become a proficient table tennis player, humans require excellent hand-eye coordination, the ability to move rapidly and make quick decisions reacting to their opponent—all of which are significant challenges for robots. Google DeepMind’s researchers used a two-part approach to train the system to mimic these abilities: they used computer simulations to train the system to master its hitting skills; then fine tuned it using real-world data, which allows it to improve over time.’

https://www.technologyreview.com/2024/08/09/1096102/google-deepmind-trained-a-robot-to-beat-humans-at-table-tennis/


‘Bitcoin raises some interesting questions. One is whether it might undermine the modern state -- which, for many of its libertarian-anarchist advocates, is the whole idea.
Technology enabled governments to grow more powerful and more centralized in the 19th and 20th centuries… The intriguing possibility is that technologies of the 21st century -- such as Bitcoin -- might push the other way.’


Thanks for sharing this. One for the bookmarks!

‘The state was intimately involved in the development of money -- but that was before networked computers. In the next chapter of the history of currency, money might very well turn on its creator, and roll back government.’


Brits need something better than Tory slogans and Labour’s socialism.

Economic growth is tepid.

Bitcoin (and its second order effects) could be the spark which gets the economy going and counters the apathy that I perceive here.

Unlikely but hope springs eternal.https://media.tenor.com/YcaywhKDlW4AAAAC/detective-pikachu-anime.gif


1. Money supply goes up.

2. Consequently, governments rake in more revenue via its various tax nets (income, sales).

3. Governments have more to spend and further entrench their positions and crowd out privacy, individualism and the like.

4. You will have no deflation and you will be happy. 🫠


Thank you. I’ve never really thought about the use of ‘we’ that way.


‘yes bitcoin is part of [nostr], but it’s so politicalized that some people dismiss nostr as that bitcoin social media protocol. We see people join nostr and through it discover bitcoin, that’s the path to wide[r] adoption.’
nostr:note1qcw5jys7tyzvssdlfx2y09ermnu4zm72q84qpwu75wyqj8v6868qvdwvnr


‘The meme-work makes the dream work’

nostr:npub1lrnvvs6z78s9yjqxxr38uyqkmn34lsaxznnqgd877j4z2qej3j5s09qnw5
nostr:note1nhykzwh7yyfd9dqtrcr8ckf3saayduzrrldze2agvremr5czc5uqhj45nt


‘China doesn't export energy, raw materials, or security at any real scale so it is incapable of having a world reserve currency... Pockets of trade do not mean it has a lasting network effect, I don't even think the states that use it denominate anything lasting in it.
This is why Bitcoin is inevitable as world reserve and sooner not later.’

https://stacker.news/items/648891/r/halalmoney

h/t : nostr:npub1xvtwx6tduaxnn9v3y7uasskl277achgu0tu2qncmc7hdsz6y2zyqce64sa


‘Build your conviction from first principles, not formerly reliable indicators people have since learned to manipulate.’
nostr:note1fcz3seyeve3ccz2semc2n4v462hru0fhy2uvaqhzwlaxx48l9tvszqldgg


‘The banks are going to WANT bitcoin as collateral because of its global liquidity (and of course its appreciation)’
nostr:note1mmwvvxwmg8fmetc5vylsdekflhduavrgsa30ykv6enfpa5652dns5kuea7


‘They can think "it's too late" and that "Bitcoin is already up so much". More for me to stack, by exchanging fake money for it.’
nostr:note1mg2ugqsug68jfr6e5lmksvlwnq0m293mwrd7s9q84k2r5zj6c7fsuj6lwt


‘The meritocracy of the internet only values signal regardless where it comes from’
nostr:note1rdzwf28e5rc4tqnxwdtp8w9k5u52w9yn402xgvh4k2uykxvf87aqeea8q9


‘The world is getting incredibly cheaper all around us all the time, we just don't see it thanks to the FIAT system. Due to this FIAT debasement, 83% of the efficiency/technological gains has been taken from us all. This is the real theft.’
nostr:note1auavcexkgmseh849hn6spv6muxta0vshp32wq0m39qlm0dxmyzhqveu6t4


You can’t comply your way out of tyranny.


This reminds me of the memo about not waiting to buy Bitcoin.


‘Promoting the divisive two party system gets the media outlets more views, which means they get more money from advertisers. It's amazing how often the incentives and behavior are aligned! Change the incentives, change the world.’
nostr:note1m5xz5cynpj9m9p598ncr6d9yudx5pl4krydz8qet7k20c0mrd5dqpxndm2


‘But habits of speech, as well as those of mind, are hard to break.’

Red Smoking Mirror

#grownostr


Maybe these people who apparently despise wealth do so because they see how pursuit of it can takeover a person’s life.

Perhaps the pursuit of assets which are truly interlocked with property rights (Bitcoin) rather than wealth with weak property rights (assets which are easy for the government to seize, regulate and tax) will help break this cycle.

For true wealth means less of a need/compulsion to chase meagre returns.


Do the opposite. Not to ‘make a case’ but because it makes you happy and it’s a better way to live.


‘No free time = no free thought’
nostr:note1pr5zx4juwglr4alunye6y985vta388qx4kg58tzmytm2qz3ystrqlg7p69


Such an interesting take. Inflation is worse than I thought!

‘Inflation turns life into a subscription service.’
nostr:note1tuswg9qmftf7fedjvqhz2m9j7w0zmn6e8nw8pggd7rmc0q35ah2sgdrcaw


‘Bitcoin adjacency is Nostr's killer feature, sharing an identity system with Taproot. Bitcoin is a trillion-dollar ecosystem, and Nostr adds serious value to it.’
nostr:note1268anqpxpgx7dlm447fyprpxkkd8787r56sfh0jk03quw68pxlsqsqswql


‘There’s likely still trillions of leveraged dollars piled into the carry trade, and, as the saying goes, it may take a while for that goat to make its way through the boa.

And if the US markets tip into hard recession before the Fed acts?

We may see round two of the Carry Trade meltdown.’

https://www.jameslavish.com/p/the-ticking-yen-time-bomb?utm_campaign=post&triedRedirect=true


‘Bitcoin has the potential to revolutionize our world by decentralizing financial systems, reducing reliance on traditional banks, and enabling peer-to-peer transactions globally without intermediaries.’
nostr:note1fl6g7maft7xm25d8sesp97hel4emmdclc3g483huy65t0masaewqslnwtd


A snake eagle hybrid.


‘some people are just pessimists at their core.  Bitcoin is for optimistic truth seekers’
nostr:note1hnjwae2hzray8cmsmad38m6zcjfw6cdk4dhd8ww6mpdrpepe6paqdg2r5v


‘Bitcoin is the only thing that outpaces consistently and when companies use Bitcoin as a baseline, and when they use it as their treasury to fund things, then they will start to outperform Bitcoin by being productive on a stable base money that isn't a falling knife.’
nostr:note1eff8y6m5u604nm8vmnqsvqpj05skqzex8nyedl8dcprdfmhudvsqkjhq9c


Too. Much. Information.


‘The separation of money from reality was a win for centralisation’
nostr:note1pwc5mpy2th6876mxm5p7pxwd9w2uaw6u89y5s5lg4754ec8dqx3qhmpahf


‘The amazing thing about joining the #bitcoin  resistance is it comes at a great personal reward.’
nostr:note1h29q6enljq8d8c74xq8pprxrnqgqx2s8axpx7r0cr0689lh3qf3q783j6d


‘One thing financial analysts tend to discount, is how much fiscal deficits feed into nominal GDP growth.’
nostr:note1e7rrgkywk6n49jt4qcc2mnu247tl2l3zvus7cwa22m69yg0d5fjq0jcz9d


‘Long ago, banks became an extension of the state. Now social media platforms are an extension of the state.’
nostr:note1lk03swutchejltkkjnr3ymzzz4f6jwqa797qm0zrfy3vha0fdzes7dhvcc


‘[anyone] who is able to learn from reason [has] found Bitcoin… everyone else will just have to learn through pain’https://media.tenor.com/oCe3qIS15yYAAAAC/ouch-hurt.gif

nostr:note1gthys5jlmz34u5mpc5q3dheka5fgef8607yjfyayjkjrs00a6slswcmaue


‘Americans’ superpower is our optimism. However, the Achilles’ heel of this optimism is that it’s easier to fool Americans than convince them they’ve been fooled. This, coupled with money-obsessed, bloated universities have turned American values of intellectual freedom and free speech on itself. Cancer is when the host’s own cells turn on it, and America’s cancer is the coarsening of our discourse and the emergence of a white-hot fashion among university youth — hating America. Is the $14 billion that has poured into American universities an attempt to build bridges between us and other nations, or is it a long game being played by our adversaries to turn our cells (youth) against us? The answer is yes.’

https://www.profgalloway.com/weapons-of-war-higher-ed/


‘Nations form alliances and partnerships based on shared interests, not altruism or friendship. This is the reality of geopolitics and our relationship with Qatar — it’s got an awful human rights record and ties to Hamas and Iran, but it’s also home to the largest U.S. military base in the Middle East. It’s complicated.

American foreign policy needs Qatar; American universities don’t. Elite schools enjoy endowments worth billions and charge students roughly the equivalent of a luxury car for every year of tuition — they might miss Qatar’s money, but they don’t need it.’

https://www.profgalloway.com/weapons-of-war-higher-ed/


Schrödinger's Zaps.


Thanks for this clarification.


‘Custodianship enables regulation. Regulation forces permission.’
nostr:note1r99kl0lstgktpx0jaqlvu4flmmqzsg0hnydas3ak9ctyseu7xehqqezgzd


‘Everyone's job is less than 5 degrees of separation from Lockheed Martin.’

https://media.tenor.com/XKLikjhe1qoAAAAC/oof-disappointed.gif

nostr:note1dmzxl6levn760mvnlheqaexayqa93hkg3sdpl0q7ejpmxmamfjpsprgv4j


‘Govt is a religion, & most of the believers are in denial about its religious nature. Which means it is an unconscious religion for which the root of authority lives in the shadow of most people's minds, allowing it to be much more evil than anything people would consciously accept. The justifications are always lies or delusions or contradictions.’
nostr:note1c20zakmlj2fc38xs52l727kjv9ukzj2j5xfxsymjcr5d32d7ngxsdv4u7l


Setting up a site on npub.pro seems to be an easy way to collate your own posts. So this may be a partial hindrance to the freemium model for relays.


‘It requires the interaction of producers and consumers around the world, to figure out how products and services will be priced in #Bitcoin ‘
nostr:note1ntqk7uddc0kqz22v0hs7myfncdr7emqvwj0mgwwyqh5x9tg0pc0q6nxcgx


‘Translating prices to bitcoin is the combined job of everyone with bitcoin & everyone producing things that people want.’
nostr:note1ldk8ezqkk6jg2agyu37xayz5u7g0gcvshv6favymzs54y8ecsd6sdr05w5


The masses have never thirsted after truth. They turn aside from evidence that is not to their taste, preferring to deify error, if error seduce them. Whoever can supply them with illusions is easily their master; whoever attempts to destroy their illusions is always their victim. An individual in a crowd is a grain of sand amid other grains of sand, which the wind stirs up at will.
~ Gustave Le Bon

https://stacker.news/items/637123/r/halalmoney?commentId=637147


‘The idea that there’s literally no such thing as a nominal measure of value is difficult to grasp when you think of everything in “prices.” It isn’t immediately obvious that this is a perfectly circular/relative logic, it has the appearance of being a simple nominal unit.’
nostr:note1qm60zu5rvmc90cu3ajv7dds3nqc5e6jv9umfh38jf758dkd9d6rs33rrmx


‘The context is smarter than you. It holds more nuance and information than you can fit in your head. Collaborate with it.’

https://www.henrikkarlsson.xyz/p/unfolding


‘Value is subjective but money is a powerful abstraction people use to simplify the mental burden and try to come to consensus on value in markets.’
nostr:note1gxslt766p53aqmdlxunktg34qdsyvy850kdltwhaf8lljkmmyfzqagh5nd


‘I only get Nostr because I get Bitcoin. Otherwise, I probably wouldn't be using it either. Maybe growth in numbers in an arbitrary timeframe isn't as important of a metric as you think. The whole point from my perspective is opt-in freedom software. Not everyone cares about freedom…’
nostr:note1vwddampk557w27rerrzr2dqcsg6cr3g95q5h47r04q45cuh4e0ls37lkrk


‘[nation states] understand how to control and co-opt corporations very well, but don't understand how to do it with protocols’
nostr:note1m0ztl2u28f95wsym4tz5sc3u6qwlxgz73smc6vzummn350j4856s74sf8w


‘Many… are led to believe that CPI is the target to beat, which is a false low target. The real target is the money supply growth rate.’
nostr:note15su7kmjfmxsmc3zd73n0su8e2uqfstu3ej6806ck58rzlyrz742s70kx6p


‘The real test is stacking with a bitcoin mindset.’
nostr:note1cysve6d9mkm4qhlnjlrj0v2ncq4vkdvxltxj8ws8mdmx3fmruuvs37jyf2


‘A perfect index is of course achieved by any fixed accounting system, which only bitcoin can ever offer due to its unique ability to maintain its perfect monetary possibility.’

https://heaviside.substack.com/p/the-forgotten-fourth-function-of


‘Whatever wins as unit of account becomes the standard of deferred value because it is practically rather difficult to have these functions not coincide.’

https://heaviside.substack.com/p/the-forgotten-fourth-function-of


‘Basically, if someone thinks that Bitcoin just kind of magically came out of nowhere, then it's pretty easy to see how they'd be inclined toward a conspiratorial assumption.

However, if one sees that, just like any other industry, there was a series of engineers building on each others' work until someone finally got it over the line, then it looks a lot more organic.’
nostr:note16p6mseq0sxwl98v3et3ct40w2mnc872z5374t5u3egq3s0lhd9ds3vtmgr


‘Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn.’
nostr:note1qxkeszxfcfz7ye5jsy758079se0knnrnyscwf5dmyywkusyyd0lsn2cr0r


GM world.
I'm a painter - rooted in traditional skills, finding my way back to digital painting.

#introductions https://image.nostr.build/0c85f49d3a8b17777bbdf49a07927398c320549addc59f08e1aa98815cc463e7.jpg


"I see within us all (myself included) the replacement of complex inner density with a new kind of self-evolving under the pressure of information overload and the technology of the “instantly available.” A new self that needs to contain less and less of an inner repertory of dense cultural inheritance—as we all become “pancake people”—spread wide and thin as we connect with that vast network of information accessed by the mere touch of a button."

Richard Foreman (playwright) quoted by L.M. Sacasas in Re-Sourcing the Mind


‘State governments that continue to enforce opaque and manipulated centralized monetary systems will inevitably lose taxpayers, as individuals and businesses choose to relocate to regions with more transparent and fair economic policies.’
nostr:note13c6qcjvrr4mzene3uxkrhp43mgxzce6tn76dzyce2aryf47gr8pq8qcegk


“I think [Bitcoin holds] the key to keeping alive the country that I grew up in.”

https://decrypt.co/242612/tucker-carlson-cia-created-bitcoin


‘The fundamental layers of Bitcoin are powerful enough to make the dream of hyperbitcoinization come true, if the people who maintain the tools and businesses eschew infantilism…’
nostr:note1lrzkmfqejd3cew45fr6uqgn3gxzw8fs8qr54myeyg80l062wmt4sfv7gud


“…once birthed, bureaucracies only know how to grow.’

Doomberg


A hammer-headed viper with small arms growing out from below its eyes and small legs growing out of its mouth.


FYI nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
nostr:note1d9pg7vpurmqvee3ft33e3qtxy8t6fshndss06s0flyu5vr7fnlfq3t30ec


Staple coins ftw.https://media.tenor.com/uU16ggRPOYsAAAAC/scrooged-staples.gif


Your account will show a purchase at the online retail store. No mention of Bitcoin or a Azteco voucher as far as I can tell. However, the online retailer partner will know what you’ve purchased and they will typically ask fit an email address to send a confirmation of your purchase.


After your purchase is completed you get a 16 digit code which you redeem at Azteco.


‘It's as negligent for a nation not to have a #Bitcoin strategy today as it would have been to ignore the internet in 1994.’

https://stacker.news/items/621875/r/halalmoney


The angry red-headed, thick lipped man became more enraged when he noticed his reflection in the water looked like a cow.


‘It is very interesting to see that within this clown fiat world the gain of knowledge is zero. Centralization of monetary policy, which inevitably leads to misjudgements and boom-bust cycles, is not dropped, any evolution in economic thinking and application design is denied.’

https://stacker.news/items/621799/r/halalmoney


It’s July and I’m feeling cold in Blighty.https://media.tenor.com/Wzzsiv7ZHSoAAAAC/chimney-sweep-mary-poppins.gif


It’s understandable that most middle class people keep most of their wealth in assets which strengthen the status quo (tax incentives, following the crowd).

But it’s not too burdensome for these same people to allocate a small portion of their wealth to an alternative system.https://media.tenor.com/uCp62jbo-OEAAAAC/good-morning.gif


‘I am free because I know that I alone am morally responsible for everything I do.

Robert A. Heinlein’
nostr:note180vdpum3wntkflfkf25g746fyn9nwlwcv5x8w4zkxjdl7x6rxg9sknw9jq


Tune into the signal, fade out the noise.


‘It amazes me that when the entire established, respectable, "old guard" unanimously agrees that something is beyond the pale there aren't more people who consider this a reverse indicator.’

https://stacker.news/items/621084/r/halalmoney?commentId=621551


Here on nostr we have #monero


Don’t flee from the fight,
strive for humanity’s fate.

Forge, with your might,
a new Money, not of the State.


‘…there are some WILD things you can do with LLMs if you have access to their inner-workings.

For example:

Representation Engineering — Explain why the LLM said that. Or force an LLM to do something, in a way that can’t easily be bypassed by attackers.

Knowlege unlearning — Target a specific fact and erase it from the LLM.
Schema enforcement — Force an LLM to respond in a specific JSON schema.

Adapters — A way to create a custom model that’s a lot cheaper than fine-tuning. It’s something that can be done on a laptop in a weekend.

Knowledge Distillation — Use a more powerful model (e.g. Llama 3.1) to train a smaller model that has cheaper or faster inference. Basically use an LLM to generate synthetic data. This is great for making models that can run on a phone or an embedded device.’

https://timkellogg.me/blog/2024/07/23/llama-3.1


SAMS Director Prof. Nicholas Owens said: “In my opinion, this is one of the most exciting findings in ocean science in recent times.

“The discovery of oxygen production by a non-photosynthetic process requires us to rethink how the evolution of complex life on the planet might have originated.  The conventional view is that oxygen was first produced around three billion years ago by ancient microbes called cyanobacteria and there was a gradual development of complex life thereafter.

"The potential that there was an alternative source requires us to have a radical rethink.”

https://www.sams.ac.uk/news/sams-news-dark-oxygen-discovery.html


‘The illusion that you can operate macro-control with a complex economy is more than just stupid, it is the spawn of political naivety’
nostr:note1zehmsp57nx7pcekv8432cqvp5scc9s566yj54jftpgesp02e3syqrznzd8


A world with less nihilism requires a  money which can’t be created ex nihilo.


‘I believe that the new architectures of decentralization… will force an eventual culture change and force new strategies.’
nostr:note1yzx5ez3uns3md2s7630tj5kvgpye9fessn9aq5hp86xzvhhyquhqem9fjt


‘relying on manipulated fiat currencies is a path to economic disaster’
nostr:note1hmvx4m37vf33ltny2qdwqr994whwmgh3h9ty2z76z2ac82v4r3uq6u0kg9


nostr:npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jl - I think this is how you feel a lot of the time!
https://nostrcheck.me/media/637a2f1da5d2fc1976c14ec00f8eae4015afe99bb2554f1d537d0086a169dd8f/03d505d2154983e6ab95d5290b4ad1a23c0a2ddf5d130d975fa3c8d9644a14bf.webp


‘Everything led to the same conclusion: Bitcoin mining… would likely… become a net positive to the environment.

…it had the potential to become the most fast-acting form of climatetech the world had [ever] seen. All the other technologies we were investing in would have an impact after 2030. But [Bitcoin] could have a substantial positive impact immediately on reducing methane emissions and building out the grid renewably.’
nostr:note1lgvwdwddjak8zglcgufce2fgfvayww8ctm7ydah3esalr3qz4ahqd9e72c


‘The bottom line is that Bitcoin has converted or simply outlasted many of its powerful critics, showing again it is here to stay.’

https://archive.ph/2024.07.21-064743/https://finance.yahoo.com/news/bitcoin-running-enemies-140412304.html?guccounter=1


Guy Swann’s zaps > automated patching from CrowdStrike


Unverifiable supply is a point which often comes up. Personally, if an asset is < $ trilly in total value it’s not worth too much attention.


Great work. A true service to your nearest and dearest.


Bitcoin’s deficiencies pale into insignificance compared to the problems caused by excessively large and intrusive governments.


“A Bitcoin-based world would…eliminate inflation, currency manipulation, and government restrictions on bank access, fostering trust among nations and streamlining global payments.”


The good people, ideas, critical thought, humour and vibes I interact with here on Nostr give me a justified hope that there is a critical mass of humanity who can endure the strain of pivoting our society to a better trajectory.


Meanwhile in Europe:

https://www.politico.eu/article/pfizergate-covid-vaccine-scandal-european-prosecutors-eu-commission/


‘It was Covid that started to wake me up to the sinister underbelly of left wing politics when I was shocked and dismayed to see my supposedly liberal friends and family unquestionably support the lockdowns, vaccines, mandates, surveillance and other types of totalitarian measures.

I realised the deceptive but powerful communist rhetoric that often well meaning but naive people fall for. And when you try to explain the deception directly to them they cannot see it and stare blankly back as if under some kind of spell or brain washing.’

https://stacker.news/items/613808/r/halalmoney


Thanks for sharing this.

‘“In God We Trust” may be imprinted on our currency, but the hand that activates our government’s printing press has been all too human.’


Bitcoin will co-opt the establishment, not vice versa.

‘I realize now that any doubt I have in the positive future of bitcoin is doubt in the transformative nature of bitcoin as an incentive structure.’
nostr:note18s8kztqenuu5ujv6cmksqt2j6wjnxper93f4zl5e68uru5aqhhlsnmzqdc


Thank you for this review.

I think there's a nexus between the short-term horizon within which corporations operate (3-5 years), the infinite game lens and Bitcoin.

Perhaps this year's SEC approval of Bitcoin ETFs is year zero for Bitcoin from a corporate perspective i.e. a tentative greenlight from the government in the context of the hand-in-glove relationship between corporations and the state.

If so, corporations may start to integrate Bitcoin into their business activities (e.g. adopting it as a minor treasury asset after "A-grade" government bonds) and then assess 1) the immediate market reaction and 2) the impact on stock values over 3-5 years. If positive on both fronts, plus globally significant governments remaining non-aggressive to Bitcoin, we may then see corporate adoption of Bitcoin on an 'infinite' horizon.

An enduring reality here is the close relationship between corporations and government. This is unlikely to change anytime soon, with or without Bitcoin.


Without the mess on the left, we wouldn’t get the art on the right.


‘…the dollar’s role as global reserve currency, the general dynamism of the US economy and less binding fiscal constraints make a disorderly fiscal crisis improbable.’

——

There is no need for investors to panic over government debt

Financial Times

Peder Beck-Friis, senior VP, Pimco


‘the deep state will gain power because the result of any state is a deep state’

https://stacker.news/items/611605/r/halalmoney?commentId=611749
https://media.tenor.com/XhRhkxQNr5sAAAAC/splash-puddle.gif


‘[fiat] money is a marxist shitcoin’
nostr:note1a27evmshawcxd2u9txata6983cs7lxf5vnvp4lhnul37s604v5hq78pcre


‘For several years, there has been increasing concern over the world’s reliance on the the concentration of chip manufacturing in Taiwan, and what would happen in the event of a Chinese attack on the island.’

https://archive.ph/2024.07.17-092511/https://www.cnbc.com/2024/07/17/trump-says-taiwan-should-pay-the-us-for-defense-shares-of-tsmc-fall.html


‘Bitcoin [is] the mutiny of the competent. If you want bitcoin to go to zero then remove the incentive to mutiny.’
nostr:note10m2ygqan904x26wxy8yulxueyq0s08xj2e0s0w5tdymck07da8sq3fs29p


‘Modern authoritarians routinely bend banking systems toward their own ends’
nostr:note1ccaf5r9l54d3502jg2a0rcu96hl0jeqjyed2uj5p53zr7px0ftnquw38ac


‘Centralised social media… corrals…anger in a direction [that] can be used for political gain without disrupting the status quo.’
nostr:note1h2ye9sdh6un424kaggftdqdx0l6h92nc9xzxg6lv3hx7wk8rg8msffckz5


‘Chicago because of its centrality to the rise of futures exchanges, and the fact that forward contracts will be the principle tool that facilitates and smooths the final transition to a bitcoin standard… referring of course to a standard of value, the 4th monetary function that has been swept under the rug incorrectly as unit of account, which hides its complexity amidst transitionary states -- Austrian economic theories are flawed like General Relativity in that they are true in equilibrium, but breakdown at singularities.

The fall of fiat to 0 is literally an economic singularity, and like black holes, people often try to ignore them and just consider what's on either side.’

https://heaviside.substack.com/p/will-el-salvador-be-the-chicago-of


Spending time with people that matter, not wasting sats on things that don’t.💜


‘Nostr is not about social media; it is all about re-imagining the web.’

My spin: Bitcoin is not about creating a digital update for gold; it is all about re-imagining money.
nostr:note1aupw97y86g7692d0fhsg74deynjx92juw9cfp09w2hvpazdxhvws2f7u5p


‘they are now trying to force people into the corset of unified thinking, submissiveness and acceptance of what is coming: capital controls, restricted mobility and information control’

https://stacker.news/items/607194/r/halalmoney


Care less about Elon,
And Germany’s vanishing stack
Become more sovereign,
Help bring hard money back


‘What we are experiencing is interventionism on a whole new level, debt creation by states that form a Himalaya of obligations in the future, and the ongoing manipulation of interest rates in order to achieve something like a global control of liquidity and the price of money, which of course cannot succeed. The result are boom-bust cycles that leave a social swath of devastation in their wake.’

https://stacker.news/items/606891/r/halalmoney


‘the biggest price the political elite can win, is the right to produce money that people must use’
nostr:note1s2600fu0u7870e3et06870kyake6qs6kqzausrw4qjg8dp7ayrlqlfarr8


‘…a system where banks and governments have control over the money will always become socialism’
nostr:note1t4xg4p3cmppwaay3y9gyet8acnm3udqscm0jy4umcxpww09jlldq8nfrqn


‘Use the power of Bitcoin to break free from the constraints of the fiat system... not by passively waiting for its value to skyrocket, but by actively leveraging it to build a life that aligns with your values.’
nostr:note1nra6a42j7n4s29fctt6lnt2urvt8wskdd3xr9d3vwne34tn27rpskcq5qv


‘What we have left in the coming years is the acceleration of government mechanisms… to continue keeping the wealth extraction system functioning’

https://stacker.news/items/604619/r/halalmoney


I’m not endorsing this but sharing it for information.

https://www.lendasat.com/


Instead of a robust and apolitical measure of economic value we have inflation targets and surveys of inflation expectations. What a needless waste of human time and prosperity.


‘Bitcoin is a beautiful money because it is a money based upon keeping precise accounts, using a fair measure, and obeying the Laws of Nature.’
nostr:note1q25mavytwlwyk9xry526rhctck093c3p7j6ym5sp439qrj9h4ffqh2uvnr


‘If the full thesis plays out one can just work, provide value, [and] save in bitcoin’
nostr:note1lwum0tswn86qh99p3mhapdmrlhde8twafvcra7tx0q6q08mrdp9qy90e9r


‘it’s not a conspiracy if it’s the business model. Right?’

https://stacker.news/items/602609/r/halalmoney?commentId=602711


‘time theft is slow murder’
nostr:note140cd6832uw27husmelwaepug2v2dp8lu4u3aeena0weqmkvh7cqq8vm7y3


‘Bitcoin’s “job to be done” is to set the risk-free rate for money’
nostr:note1aprgqtryh5d2caykh3hj3w2yeuvae3wjw9kaedy5e2djan7tjskqs4yhxe


‘it is worth learning to use the tools before the hectic adversarial environment tries to assert its authority. ‘
nostr:note1jsds9vfp73ncj3cmph7ddm82vtsvs92xrg5mgl0jvduyx64axzns4ya532


‘Because American tech monopolies have essentially been unable to come up with anything new for over a decade. And because they can’t, they’ve settled on a two-prong approach for managing their twilight years: lock in users with AI services and pressure legislators for an American version of China’s Great Firewall.’


‘For bitcoin to succeed, we need to scale sovereign usage. Not just as an egalitarian dream, not to help commerce, but in mutual defense. Every user subservient to a custodian makes no meaningful impact on preserving the monetary properties.’

https://stacker.news/items/601274/r/halalmoney?commentId=601352


‘Lies are the lifeblood of the State.’
nostr:note1ke22kkvc8yk32f8msrfgr0yv28m0juq8pk5zreyfzk6tf3n4687qdht25p


‘The hard truth is that most people celebrate debt slavery over financial freedom.’
nostr:note1tvgahus6nyjdrgplutldt5ue5n288xlheeej5v5m74he02u0eh8qdxwegl


Nice once painted IMO.


Every time your broken shoe flops open, just think of this….

https://media.tenor.com/JYQs3LWRKgcAAAAC/btc-bitcoin.gif


‘it remains more alive than ever, because [of] the value it delivers, and its ability to be the reason why institutions fear them, is the saving quality of our future purchasing power’
nostr:note1hs876cazsywvnzglrszmc4q3h7m0k3ky5t2g0n00vswnxq6uph0skqwrfs


He calls for the introduction of digital ID cards, which he unsuccessfully tried to bring in when he was prime minister, saying: “We should move as the world is moving to digital ID. If not, new border controls will have to be highly effective.”

https://archive.ph/2024.07.07-124752/https://www.thetimes.com/uk/politics/article/blair-warns-starmer-on-migration-without-rules-we-get-prejudices-7rj7skdmn


A key objective for Labour will be to deepen the role of the State without causing a Liz Truss style panic in UK government bonds. Rachel Reeves, with her BoE experience, looks like a good pick to attempt this. If it fails we have some protection in Bitcoin. If it works houses (a key store of wealth in the UK) remain elevated.

Hard assets are key to a good night’s sleep in clown 🤡 🌍 .


‘the cost of developer time is more than the cost of supporting the relays’
nostr:note1cdzpnds3qm84ewt94jqntx0yqk7ys2ezpwynsfc9mqf0wndethyqz3hwy2


‘Bitcoin has had a profound impact by curating my surroundings. It has both connected and disconnected me from individuals. It has given me specific goals, forcing me to do things I wouldn't otherwise do.’

nostr:note1sxp3ucgfj9zq4hll3ljy2fcmsnqmyvrd3zsagal7yl3lavcj60tq8hzevx


‘What will we get [first]? Fiat productivity miracle or hyperbitcoinization? Place your bets. I've already placed mine.’

https://stacker.news/items/596616/r/halalmoney?commentId=596869


There is a way out. It is risky, costly and difficult but possible.


https://stacker.news/items/595089/r/halalmoney?commentId=595108

"The most effective tyranny is not the one that uses force to maintain uniformity, but the one that eliminates the search for alternatives."

Allan Bloom, American philosopher


‘As with any scarce commodity—be it oil, gold, or rare-earth minerals—countries often engage in fierce competition with each other to secure the lion’s share of resources. And as one of the scarcest commodities on planet earth, there’s little reason to believe bitcoin would be any different, especially if its value continues to grow as many financial analysts expect.’

https://archive.ph/2024.07.03-153718/https://www.forbes.com/sites/digital-assets/2024/07/03/trump-sparks-talks-of-bitcoin-as-a-strategic-reserve-asset/


BTSD:

#Bitcoin Tiny Stack Disorder


A cost of 1 sat to post a note. Like Stacker News.


‘if a medium of exchange is the fixed ruler of value…then it has to be conservative, i.e. a store of value’
nostr:note13x7gfxx7ucy69n7tfkn9nvtxf50na3vm4nju572a2ycm34fxmars9dsdhh


He wants more time for his prediction of Bitcoin’s failure to come true:

“But it took more than 50 years.”


It’s so strange that the market values Bitcoin at over a $trillion yet there seems to be so little interest from people. Unless, they have great opsec and are feigning non-interest but are actually stacking in secret!


Ok. How about the incentives pathway?

“Show me the incentive and I'll show you the outcome.” - Charlie Munger

The current system encourages you to align with those who have already benefited from the broken system e.g. use the stock market as a hedge against inflation. This enriches those who got in before you and further impoverishes those who get in after you (as well as those who can’t afford to do so).

Bitcoin rewards those who try to break this cycle. It will also benefit those who are late to Bitcoin if it helps to make housing more affordable.


😂

A great ‘choose your fighter’ question!


Game Theory Pathway

Current system: zero-sum game

Towards a Bitcoinized world: a positive-sum game


‘communication & money are such core parts of the human experience that there is ALWAYS an angle to present Nostr as a solution to someone's problems’
nostr:note1g09hjz2tw7cmh470ezu90f0lauddkhvm3arngz42ghd8d7nf4jmqjtg70f


How do you envision #Bitcoin ’s role  over the next decade?

An alternative for real estate investors.

An alternative for gold investors.

A term of reference for high-risk investments i.e. is this venture likely to outperform Bitcoin over the next 5 years.

A disruptor to the loyalty programme industry. Sats > air miles. Sats for listening, watching.

What key developments do you think are necessary to achieve that vision?

Bitcoin to continue to outperform real estate.

Bitcoin to overtake gold in total market valuation.

Bitcoin to outperform VC returns.

Continued improvement re: UX.


Purely for the narrative, Bitcoin needs much better bad guys….


‘Sound money is a severe constraint against tyranny.’

https://stacker.news/items/590840/r/halalmoney?commentId=590944


Most people want a nicer cage, not greater freedom. So, they may be content to gain fiat exposure to Bitcoin via ETFs and the like rather than bother with self-custody.


‘Centralized exchanges are a ticking time bomb’
nostr:note1097m239u2yfyjj37pkfky220gqgrpxjypr2rgz6geqcgrsedqujsw5808n


1 sat per email could end spam


‘Very few people build wealth by trying to catch every twist and turn of the market. Focus on long-term trends.’
nostr:note1md72q7a5uf9uv0cdm93p5vu8hejc7he20atjkc63tjf0jjsuf2zs70cvcy


‘Value has been stolen from the citizens to facilitate government largess, benefitting the politically connected.’
nostr:note1jy4t97hnhhak7a5gacdv8kzqlvdv85qa4afd4yqdjjsv7nmtjgfqfr0suf


You could show them this list to illustrate that Bitcoin is already flying high on the league of assets. The league concept should appeal to sportsmen!

At the same time, explain how it is different to these assets (no CEO, a protocol, fixed supply, etc.)
https://nostrcheck.me/media/134743ca8ad0203b3657c20a6869e64f160ce48ae6388dc1f5ca67f346019ee7/7e74d8222d05d449e9b97180e84a554f1d968ffad0aaef5642c454379c04bb0b.webp


Thanks for this Chris.

What I gleaned: we need to be more aware of the potential immorality of using simplistic moral constructs.

What surprised me: the relevance of power / corruption / incentives to seemingly abstract questions of morality.


‘#Bitcoin  is the weapon that overwhelms the communists’ biggest weapon, the global central banking system.’
nostr:note120rggzw35xrj480l6u4psj66a2gvhu2xulj3u9tf09ymxrywfrnsk2rh8e


Will my npub auto-destruct if I don’t do 100 push-ups a day?


Welcome! Give it some time….

note1y94uu2hgg0daxuh7rmrxnlxagwmt68qy5ttxdh787gqt8c82vsyqf30aze


Until we have a free market in money, my baseline assumption is that we are closer to socialism than capitalism.


‘You see, while hype is nice, it's only nice in small bursts for practitioners. We have a few key things that a grifter does not have, such as job stability, genuine friendships, and souls. What we do not have is the ability to trivially switch fields the moment the gold rush is over, due to the sad fact that we actually need to study things and build experience. Grifters, on the other hand, wield the omnitool that they self-aggrandizingly call 'politics'2. That is to say, it turns out that the core competency of smiling and promising people things that you can't actually deliver is highly transferable.’

https://ludic.mataroa.blog/blog/i-will-fucking-piledrive-you-if-you-mention-ai-again/


Abstract. A purely citizen-to-government version of electronic cash would allow online federal income tax payments to be sent directly from one citizen to the IRS without going through a financial institution.


‘Get building or stay as exit liquidity.’

https://livingonbitcoin.substack.com/p/the-parallel-economy-how-to-build


I really like this site. It may or may not be easy for you to take a ‘translation’ of the Quran from it but it’s certainly worth listing it as a useful reference site.

https://corpus.quran.com/


Do you mean a translation or the Arabic text?


Please could you correct Kamala to Kamali. Because….

https://media.tenor.com/oGywZ8Vw7pgAAAAC/kamala-harris.gif


I can see that wikifredia had nil entries under Quran a few minutes ago.

Please could you upload the following?🥹
——

Being the verbal noun of the root word qara’a (to read), ‘Qur’an literally means ‘reading’ or ‘recitation.’

Source: Kamala, Mohammad Hashim, Principles of Islamic Jurisprudence


‘What… [will] …destroy every model… is when the actual land grab begins.’
nostr:note1age7j29y4z5afjqa45j2ulk89j9j8tzu8689v9umjgq9k0k6723qahg8j6


‘many today are conditioned to trust a manipulated monetary system, unaware of its inherent flaws and the alternatives available.’
nostr:note14f7xlljsuywqknddh58tzkh4wxhuwqx0ddl56zw424k2g57zuxgqgqqz4w


‘Never underestimate the market’s ability to provide a product/story when people have cash in hand.’

Scott Galloway


One man’s national currency is another’s integrated 💩 coin.


In Understanding Power, Chomsky said something like the establishment allows people like him to speak freely so that the establishment can assert that freedom of speech and thought is allowed.

In a similar vein, perhaps Forbes is allowed to publish pro-Bitcoin articles so that, if the fiat ponzi collapse, it can state that people always had the opportunity to become Bitcoiners.

Plausible deniability 🙌


‘Britain’s tax burden currently stands at 36.5pc of GDP, but the Government’s fiscal watchdog expects this to increase to 37.1pc over next five years, the highest level since 1948.’

Tim Wallace, The Telegraph


Assuming the noob has an email which doesn’t have his name in it, I think stacker news is a good option. A simple custodial wallet within a PWA with lots of useful information which, hopefully, will encourage him to set up a self-custody wallet soon(ish).


‘If we… can focus on this core subject, monetary monopoly vs. monetary freedom,  instead of just talking about the symptoms… I believe it will be easier to win over more people in our fight against the political elite.’
nostr:note1s2khx53s7k5suzgdknlypuw955g57y2s06u0kq5y40ag47j9z0jsam8qaa


Ain’t no way anyone’s bluffing their way through an interview with these questions!


And here’s me thinking I am providing high quality content to justify your zaps!


‘My theory is that enshittification isn't the result of anyone's determination. Instead, it's the terminal velocity of the internet's structure and incentives.’

https://stacker.news/items/582460/r/halalmoney?commentId=582978


‘Bitcoin Prediction Market revolutionizes mining finance by enabling miners to protect their cashflow and speculators to profit from the block discovery process.

In the past, miners could only make money by winning the contest, and speculators could only make money by betting on price. Now, everyone can profit every single block!’

https://stacker.news/items/582947/r/halalmoney


‘The man in the street who knows nothing about Bitcoin but who encounters it through Azteco first, will never accept any service that asks him for his personal details, not through any philosophical objection, but because he doesn't want his precious time wasted.’
nostr:note1qga3r6f6p0hwjqpadeyyku7py3a4mfknh6qt0avkpwgxegc8nr9qqdv73h


‘China knows that it needs a strong Russia so that the west doesn’t consolidate its resources to deal with the perceived Chinese threat. But on the other hand, helping Moscow may prove too much for Beijing to stomach since that would harm China’s economy.

So, Putin needs to force Beijing’s hand, and the peace treaty that he just signed with North Korea might just do the trick.’
https://apple.news/AksHosyNWQb-VkimSN1eBRQ


Nice slide!

https://nostrcheck.me/media/134743ca8ad0203b3657c20a6869e64f160ce48ae6388dc1f5ca67f346019ee7/290f50684da3a3f4c847a8eacd148068e3a4e890ffcaa6a03508e712c69405f5.webp


JOMO > FOMO


‘More purchasing power = more time = [more] freedom’
nostr:note1cswp4srqtaymqfxetdf8tvufpklnp6yad3mmgmzvz70gcphdrm6sh548fm


Maybe these companies are waiting to see if another high-profile company can make a major Bitcoin treasury move without incurring the full wrath of the government. Or, perhaps they are ensuring there will be no such response before making the move.

https://media.tenor.com/lcjI_15gsw4AAAAC/supereeego-eric-ochoa.gif


‘Tickets to escape the matrix are priced in bitcoin.’

https://stacker.news/items/581255/r/halalmoney?commentId=581399


‘#Bitcoin  will help humanity allocate resources better than ever before.’
nostr:note14rhky749znpuvdxnl64z7s6zgank5r3k40g9cc8pvmylcc5zcrvsz2t4zc


Despair, then boredom, then hope. And only one mention of Bitcoin.


‘As the mad dash for bitcoin becomes more intense, I believe that this will have profound effects on how companies operate and their overall quality.’


Love this. Inspirational, funny and slightly alarming all at the same time.

‘I think strategically (future-oriented), but I execute like my hair is on fire (high time-preference).’https://media.tenor.com/_9d9c6ImcrcAAAAC/beaker-fire.gif

nostr:note12t3zmm3vdplkmek6u4wqytfn0gcqdt3rtxrj40cdxdphgc3rr64qau3hn6


nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg

https://crrdlx.on.fleek.co/ecashsound/


It really depends on what interests you. So take a look at a person’s profile and recent posts to decide. But, if you want to take some recommendations from a stranger on the internet, then take a look at:

nostr:npub1ltyraxchecft7qgnnaps9f7rjgmtdqxhpdxflfp2w0gxfuujs0hsf2lvp7
nostr:npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jl
nostr:npub1gsgw8hn2fg4xzr3wu5ut2xmz9wnmmywukp5mpckycwpgswtvs0zsvnkn0m
nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg
nostr:npub1gcxzte5zlkncx26j68ez60fzkvtkm9e0vrwdcvsjakxf9mu9qewqlfnj5z
nostr:npub1t0nyg64g5vwprva52wlcmt7fkdr07v5dr7s35raq9g0xgc0k4xcsedjgqv
nostr:npub1ccsfkkfk46jsjtn80cup0vjn98slkheqd65t36tut822kddvdcxqxjdc57
nostr:npub16r0tl8a39hhcrapa03559xahsjqj4s0y6t2n5gpdk64v06jtgekqdkz5pl
nostr:npub1jmy8weweqzckna0amz7pn0uhhkxx693l7st23829ewmu43yvjsesfp6xcq
nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc
nostr:npub1lrnvvs6z78s9yjqxxr38uyqkmn34lsaxznnqgd877j4z2qej3j5s09qnw5
nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6
nostr:npub1dtf79g6grzc48jqlfrzc7389rx08kn7gm03hsy9qqrww8jgtwaqq64hgu0


*mis-informed and enter-chained


Surely the overlords would not sink so low….


‘...the ruler we're using is broken...by the broken rulers we're voting for.’

https://stacker.news/items/579713/r/halalmoney?commentId=579871


‘…why should we pay corporations to publish and censor us when we can be paid directly from our audience?’
nostr:note1kkx8n3cq5tmpnzg0ea0cl8cuwdz5yj7sjan4c8dssmwkj5te2qkqkphre7


‘Slack's engineering team recently published how it used a large language model (LLM) to automatically convert 15,000 unit and integration tests from Enzyme to React Testing Library (RTL). By combining Abstract Syntax Tree (AST) transformations and AI-powered automation, Slack's innovative approach resulted in an 80% conversion success rate, significantly reducing the manual effort required and showcasing the potential of AI in streamlining complex development tasks.’

https://www.infoq.com/news/2024/06/slack-automatic-test-conversion/


The internet: what it is, what it has become and what it could be.

‘An incredible technology of connection, has become a technology of control, and we need to redesign it as a technology of freedom.’
nostr:note1ppvktvx68qd4xahrca2mse7fpsr9rywc6r06f0galay0klvx28as6gkwmr


‘Currencies are imposed by governments. Money has a bigger meaning.’
nostr:note197y0uefu5dfmmdkkx84cs289et9r2lwwku82euwzc2ra8eqlvhvsksxzvd


‘Financial sovereignty is the antithesis of digital surveillance’
nostr:note1dnyn09wajywlnh7qga9ndzjr7f3jln5nt7ktx945s32sjyp9trrs7zeefh


‘if you subtract all the noise, there are really not many things worth paying attention to.’

https://stacker.news/items/576987/r/halalmoney?commentId=577392


‘the biggest lie of fiat economists is that having a stable baseline metric doesn't help people make better decisions’
nostr:note19942mz233n2nhf6f3x5xcuhz6pn27p0dz0methprrcqh84z0a6ksl8jphe


That guy in the background adjusting his glasses.😂 He just got the point too.


My brain is like: I think this Laeserin Lady is on to something with these posts but something’s missing.

Then you drop a bespoke meme/gif and then my brain’s like: yup, that’s it. The icing on the cake has arrived. Proceed to forming new neural pathway.https://media.tenor.com/e085CmdjhFYAAAAC/%D0%BD%D0%B5%D1%80%D0%B2%D0%BD%D1%8B%D0%B5%D0%BA%D0%BB%D0%B5%D1%82%D0%BA%D0%B8-%D0%BD%D0%B5%D0%B9%D1%80%D0%BE%D0%BD%D1%8B.gif


I have too much fiat > I don’t have enough Bitcoin.https://media.tenor.com/wS9gJkWOuecAAAAC/coroca-keanu-reeves.gif


‘We think of Bitcoin as a layer on top of the Internet. I argue that we can rebuild the Internet on top [of] Bitcoin. Imagine remaking email so that it costs 1 sat to send. Spam is immediately eliminated. And the quality of each email just went up by several orders of magnitude. Free email is not free for the recipient to waste their time with.’

https://stacker.news/items/576140/r/halalmoney?commentId=576656


‘as someone who was offended by a system where you could get money simply by being close to the money and adding nothing productive in the process… it’s been a relief to find there are other people… who dare to challenge their received wisdoms and dare [to] dream that there is another way.’
nostr:note1k56wp0xv6flhq9kxdhx7dn8tnuq7cuk08jlae635dkv9a8439pxsh5ck40


‘Bitcoin is pricing everything falling to its marginal cost of production - including AI.’
nostr:note1cmlpnuwr2w0py7frvs55zzj74r9xpm3fkgyl6erjfnd557hxfqaq205t92


‘Britain’s tax burden stands at an 80-year-high and – no matter what the parties say – over the next few years it will only get bigger. This is because tax thresholds have been frozen since 2021 and will remain so until 2028, stealthily raising billions of pounds a year for the Treasury.’

https://apple.news/AV3IMFLc8SIWgZnjyBHTo9w


Someone willing to burn his account if it gets too popular and then establish a new account with so much randomness that it’s hard for nostralysis to determine that the two accounts belong/ed to the same person.


I think there are smarter ways for governments to acquire Bitcoin.

For example, the UK could auction the Koh-i-noor diamond and park the proceeds in Bitcoin. One rare asset for another. If that goes well, move on to the Elgin marbles.


Inflation is always and everywhere, an anything but monetary phenomenon. It’s always and everywhere, a result of too many concerts and not enough hotel rooms.
 - Swifton Friedman

https://www.cnbc.com/2024/06/14/taylor-swift-london-eras-tour-delay-bank-of-england-rate-cut.html


That meteor looks like a Bitcoin.


‘A government's goal is to keep your wealth concentrated within its jurisdiction so it can charge taxes.’
nostr:note13gf3yk4090l43fgh3f5u0lyamjvpezkvpqvem6pf87jnghcql9fqjfw9xh


‘Most politicians run from responsibility like a fat kid from a diet plan’
nostr:note1v076zz5l0zxea8tedfssn63upvymf8ef7ekw69sk3ukld5gazc2qdhm528


If a dictatorship embraces Bitcoin for geopolitical gain and an increase to its coffers, it risks energising a tool which its citizens can use to challenge its power within its territory.


‘Instead of looking for a cause to devote your life to, you might try to become someone who is useful and level-headed in a crisis, who is well connected and makes friends easily, or who regularly has good ideas.’


‘When the world is full of possibilities for meaning, we adapt ourselves for resiliency, flexibility and maneuverability.  Resiliency, because we must survive long enough to take advantage of these latent sources of meaning, and flexibility and maneuverability in order to act quickly and appropriately when they come up.’

https://philosophyinhell.substack.com/p/instead-of-your-lifes-purpose


I’m using Nostur and have noticed that the copy text function doesn’t work the same as it does for other types of notes. (This is the the nostr helpline, right?🙃).


Interesting🤔; I suppose you could apply this analysis to all wars.

‘Their opposition to the war with Russia is therefore more like a controlled manipulation of the plebs into accepting it, rather than a sincere effort to stop it.’
nostr:note1x6fzaanumffxj9tz8r4ydnsc0pxvgk56kc4822xpl8jvqkvea0ts0kve94


‘there is no incentive for people in power to inform you about money’
nostr:note1y5hcx4kmrzmvpn9emjzds3zngcdqd3tqalhvyllgytvs7v9d8dysm6g72q


How do you do this?! Great takes on software development and social commentary while contemplating on immigration crises!


If I knew how to make memes:

Thank You For Being A Great NOT YOU Nostr Dev


‘I didn't appreciate how long the fiat system could continue to patch itself up, nor that structurally the stock market would just "melt upwards".’

https://stacker.news/items/566659/r/halalmoney?commentId=566736


‘all business models that don't conform to reality are destroyed in the end, and that it doesn't matter how big you are now; you will be destroyed by the market and by entrepreneurs with guts and character.’
nostr:note1x8yelchrkyk0q8yxk2car9synugp8acndpjzmdmcj0p276lluawq024dcp


Because of Bitcoin I can’t see a beautiful stream of water without thinking: stranded energy, time to plug in a miner.


‘the path to true freedom passes through the defense of private property, the free market and the elimination of state coercion’
nostr:note1ay8dmd8p5ey6jhkwe89kjc4708jcwwhka637d49jxgc6rpjzx5ksvn70sz


Independence of politics😉

‘It put to one side concerns that consumer prices remain sticky, wages keep rising and service sector costs are elevated.

Just to underline the bravery of bank president Christine Lagarde's decision, it came on the day that Dutch voters were the first to the polls in the European parliament elections across 27 countries.

That demonstrates the Frankfurt-based bank's independence of politics.’

https://www.thisismoney.co.uk/money/markets/article-13505005/Bailey-follow-ECB-Bank-Englands-rate-cut-says-ALEX-BRUMMER.html


room temperature iqs 🤣


‘what happens to the State, or for that matter any entity, when it can no longer explicitly or implicitly steal anymore.’

Great question, beautifully expressed. 🫡
nostr:note1glz5ercmugv889e7sswyx4uyhjupunzkh5asqs4ernsmhnr9j3qq4rd39e


Be always restless, unsatisfied, unconforming. Whenever a habit becomes convenient, smash it.

Nikos Kazantzakis

https://stacker.news/items/564953/r/halalmoney?commentId=565053


‘Taking out the investors who are short GameStop is swinging at branches when the root of the problem is the monetary system’

https://www.tftc.io/gamestop-bitcoin/


“A lot of people weren’t really happy. And that they are not happy is understandable because there’s a lack of houses, there is poverty, the trust in the government has really gotten low,”

https://www.cnbc.com/2024/06/07/european-elections-2024-geert-wilders-a-precursor-to-right-wing-gains.html


Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debthttps://www.cnbc.com/2024/06/07/credit-suisse-bondholders-sue-switzerland-over-17-billion-at1-wipeout.html


‘fiat and the state do not allow people to be left alone -- again the subconsciously Keynesian bitcoiner fails to understand that though the world is not zero-sum, the flow model shows that the instantenous allocation of time and resources IS zero sum so capital misallocation is always theft from the smartest people (in addition to theft from all monetary savers).’


‘The growth rate is not constant, but grows with the growth of human civilization, as is readily apparent when looking at modern tools and machines. On fiat, we stay well below the upper bound by a rather large margin, and bitcoin allows us to close the gap.’


‘Power deployed for the sake of deploying power yields no dividend under sound money.’


‘A more accurate way to think about bitcoin is to consider global GDP, the flow of all bitcoin over some period of time, combining capital investment and consumption, and divide that by the productive output of the planet over that time frame.’


‘if you want to feel poor, there is no need to go to Monaco, simply look at the commodity price of ordinary, poured concrete, and figure out the edge length of the largest cube you could afford’


‘it appears that normies are largely incapable of running thought experiments’


‘The selection between two “good” things is the harder task, which is why I like to think of Bitcoin as the great sequencer. It isn’t hard to come up with strictly superior solutions, but it is hard to figure out which one to do first, faster than everyone else, especially when taking into account that there are other actors in the system each of whom is attempting to optimize something.’

https://heaviside.substack.com/p/210-years-of-darkness-on-bitcoin


‘I’ve found that with truly sociopathic people, they want attention, and the worst, cruelest most vindictive thing you can do to them is act like they don’t exist.’
nostr:note1vvcuwl68gecg25vdprcqrqfyggt0n8847ggzeq8yvla4e79slwhqnnz2cu


‘Nothing we say will make BI or any other propaganda organization any more ethical. But silence will drive them mad. The more they are ignored, the less power they hold over anyone.’
nostr:note1pysnz0x7djtjppvxg9m535ffcxzkw4pq7aqpe5a3lxvzagh5hqgsh3mleg


‘Opinions differ on what will cause the next financial crisis. Some expect the rapid growth in government debt to cause problems; others think real estate will be a source of instability. The history of finance suggests trouble often begins in areas people mistakenly believed were safe. Either way, it seems likely that observers of financial crises will not have to wait too long for the next case study.’

https://www.reuters.com/breakingviews/five-reasons-financial-disasters-are-hard-avoid-2024-06-06/


Fiat corrodes incentives, Bitcoin fortifies hope.https://media.tenor.com/D5numtVEMfIAAAAC/baby-strong.gif


“As much as Prime Minister Modi remains a popular figure, the shine has worn off as the everyday lived realities of unemployment, inflation and governance are dominating voters’ minds,”

https://www.cnbc.com/2024/06/04/india-elections-modis-bjp-led-alliance-set-for-narrower-than-expected-win.html


Swapping out of your government’s currency to a superior monetary asset (over the next decade) is likely to have a bigger societal impact than how you vote (for the rest of your life).

#Bitcoinhttps://media.tenor.com/ZOaLc1BXMhAAAAAC/thinking-penguin.gif


‘The energy demands of EV/AI will dwarf BTC energy usage by several orders of magnitude. Whatever must be done to solve those challenges (nuclear?) will wind up solving the problem for BTC along the way quite simply.’

https://stacker.news/items/561422/r/halalmoney?commentId=561551


‘Investors who purchased shares in Warren Buffett’s Berkshire Hathaway yesterday at a huge discount will see their trades canceled following a technical issue on the stock exchange.
On June 3, a data glitch led the global conglomerate’s stock price to fall to $185 a share, having previously closed at over $620,000. The drop meant a more than 99% discount on the Warren Buffett-led company.’

https://apple.news/AR0LTExL7T12j5vwpcpP03g


Perhaps the market has yet to value the easy allocation of currency to an asset which aligns with both ethics and capital growth.

#Bitcoin


‘I will always bet on the free market and open source over the state in the long run.’

https://stacker.news/items/560804/r/halalmoney?commentId=560978


Maybe in the not to distant future, the phone’s onboard AI will say say something like this:

“It’s been two hours since you tagged Mr. ABC but he’s not responded. Don’t take it personally. Based on the data available to me, I think he would have responded like this: …..”


No good deed goes unpunished…..🫠


‘Absent a BitVM-like breakthrough giving us more script expressivity without a consensus upgrade, ossification means the UTXO set can't scale. There will be plenty of bitcoin for everyone, but no room on the blockchain to establish everyone's ownership of it, nor a layer 2 allowing us to share UTXOs.’

https://stacker.news/items/559823/r/halalmoney


GM!
note1ganzpvex327wtne85vcfh7mwev3ng9wggl74wkcsfre77la540eqv3g23h


‘…it had to be acknowledged that the authorities had shown great vision when they decided to unite the blind with the blind…’

Blindness, Jose Saramago


‘When will these amateurs learn that civilization, economic growth and social peace are nothing more than derivatives of energy availability…’

https://stacker.news/items/559363/r/halalmoney


'A popular view of generative AI is that it’s unjustifiably expensive, chronically wasteful, rarely useful, and is being foisted on the general public for ideological reasons even though it makes the services they rely on worse. Governments are sure to be all over it.' https://image.nostr.build/d2d3b8bb65b709bdaba426e01ebd1608498e048ba0a8294e16e9aa805fd39bb5.jpg


‘For the University of Chicago, as for those in power generally, speech is most political when it threatens to disrupt existing power structures and ideological truisms, least political when it reinforces them.’

https://critinq.wordpress.com/2024/05/28/institutional-neutrality-in-a-time-of-genocide/


“A 21st century shift to more software-based, capital-light businesses further insulates economic activity from changes in interest rates, and that’s before artificial intelligence really takes off.

The result is that it’s taking longer than usual for the sharp rise in interest rates to restrict economic activity, another reason that the Fed might conclude it makes sense to keep rates steady for a lengthy period.”
https://apple.news/A0mYQJ9GxRLme9l72zYrWCw


‘office lunch industrial complex’ 😝


Did you stack today?

note1eq0r9mu7plpfdwv3u9xpktpg0ppa6zyd25wzqw054e36fclu0wjqsamhwp


Love this!


‘…Bitcoin remains a testament to the potential of technology to empower individuals and challenge the status quo.”


Despite the speed at which the bug crashed into the windscreen, its
face remained remarkably intact.


‘Change is coming to what money is and how it is mediated…’
nostr:note1mh7qy5lv3hw3ckxnuzdd8zuyrd3zwg9mwm8zgjg0gx6kmyxkm93qyyk0ra


It’s interesting how the stock price reacted to the upside.

"Bitcoin is now a major asset class with more than $1 trillion of market value," said company Chairman Eric Semler. "We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. We also believe its digital, architectural resilience makes it preferable to gold, which has a market value of approximately 10 times that of bitcoin."


The government wins every election. I intend to opt-out as best I can.


As the analyst Tom Hamilton observed, it is not looking good. “One gaffe is a gaffe. A rolling clown show of hilarious unforced errors is a narrative,” he said. “It’s tempting to think the Tories are trying to lull their opponents into a false sense of security. But sometimes, when you’re on the ropes getting repeatedly punched in the face, it’s not a rope-a-dope strategy: it’s just you on the ropes getting repeatedly punched in the face.”

https://apple.news/ArKfXEf3ATh2hujv0CN_aow


Noteworthy notes - 27 May 2024

1.

note14vhmcq7ftypt57440ara5dmx850mzetuuspaagfzyp9zu6md7n9sfydpqy

2.

note1z8mfv6pdxgpjyfxfkce3ph8mtl5mvuzhgx4fuw2sx35n5qlmxtmq49s0kq

3.

note1k6ruqrnah5dcxjwzlp7v0z296yaayh9adq8g60vpcz4t5nkcr7psp5wtzu

4.

note1y9ckpmfntd9npvf26k33j9zvxrylshv9k95sjgrqxcq664xrflkswvfrvy


*Could it be an arbitrage play?


Could it an arbitrage play.


A break dancing poodle about to be eaten by a giant salamander.


Did you stack today?https://stacker.news/items/552086/r/halalmoney
https://nostrcheck.me/media/134743ca8ad0203b3657c20a6869e64f160ce48ae6388dc1f5ca67f346019ee7/873aa16ec20da8756f2bf60de937e57f0d4e12fcef0dd56e010807c2defad945.webp


"At least two digital media companies are exploring the fediverse as a way to take more control over their referral traffic and onsite audience engagement." The Verge and 404 Media will both support ActivityPub and the fediverse. #Fediverse https://werd.io/view/665233a622e6230d5c0d69d2


I use the notification icon on Nostur to be notified when some of my favourite posters post. It works well.


‘…the majority of wealth generation itself is not coming from the masses, but at the top, where wealth is mostly not held in fiat.’

https://x.com/DiracDel/status/1792453361184428452


The dog lay still as the moth slept on his forehead. The dog was not troubled by the moth, he was bothered about the black gunk oozing from his ears.


Welcome!


‘Bitcoin’s “job to be done” is to set the risk-free rate for money using a free and open market.’
nostr:note1aprgqtryh5d2caykh3hj3w2yeuvae3wjw9kaedy5e2djan7tjskqs4yhxe


‘Usable capacity should be measured in terms of transfers rather than transactions.’

https://stacker.news/items/547478/r/halalmoney?commentId=547746


"Disagreements over the value of fertility are inextricable from disagreements over the fundamental value and possibility of progress itself. There are no degrowthers who think that low fertility is a big problem and there are very few who believe in the possibility of continued growth who do not want fertility to increase. Therefore, the general case for progress needs to be a cornerstone of fertility advocacy if it wants to change the minds of anyone who is not already primed to agree." https://www.maximum-progress.com/p/low-fertility-is-a-degrowthers-paradise?utm_source=post-email-title&publication_id=856102&post_id=144174980&utm_campaign=email-post-title&isFreemail=true&r=3ezex&triedRedirect=true&utm_medium=email


"Central bank reserves... are the most liquid and ultimate form of money."

"Commercial banks hold reserves at the central bank. So transactions can be settled by moving these reserves – claims on the central bank – across the central bank balance sheet by debiting one commercial bank’s reserve account and crediting another’s. It is the confidence that payments can be settled in this way that ultimately gives commercial bank money its value."

"The majority of money is created when banks make loans to their customers. But banks need to hold sufficient reserves, or ‘liquidity’, to meet the potential outflows of money from their customers’ accounts. So by ensuring that all transactions can proceed smoothly, central bank reserves play an important role in maintaining financial stability."

"...central bank reserves are remunerated at the official policy rate and as such they provide an essential anchor for the implementation of monetary policy."

"Generally speaking, as reserves levels grow, the incentives for the banking sector to manage its own liquidity falls. And to the extent that reserve supply crowds out healthy market intermediation in normal market conditions, a large part of the financial system’s ability to manage its liquidity will be affected."

"Central bank reserves are part of the public sector’s total debt. They are private sector claims on the state through the central bank."

The importance of central bank reserves by Andrew Bailey | Bank of England


‘Money is the mother of all network effects & tends to one.’

https://stacker.news/items/546965/r/halalmoney


I just read this note which may be relevant here

note1xkp6wx8dk38x47f3f20wk6f7v7avrsfue78h37zylu4w763l0pzqrrjyk9


‘they want the post etf approval btc at the pre etf approval prices’

Nice stream of notes🫡
nostr:note1u8uydx30gh4cgvfxsjnqdqfmuk27g8ef4m9zathun7qkdye6nt0ql8hm77


Nice point Guy. You make me wonder if hanging around for long enough around  Bitcoin turns people into philosophers!

You either die before hyperbitcoinization, or you live long enough to become a philosopher.


Perhaps a case of adopting adversarial thinking without any quality control….


IMO #Bitcoin is competing against the idea that Money can’t be separated from the State.

Today, the US is the most powerful State, but this could change within the next 100 years.

https://media.tenor.com/t1SnIQOHIA0AAAAC/looks-like-we-got-some-competition-john-aspinal.gif


Master Ugway’s party trick was the ability to purse his lips together in a particular way so that it appeared he had a duck perched in front of his face.


Wishing you all the very best.https://media.tenor.com/K_zx7rHseTAAAAAC/excited-hockey.gif


Total Recall:

‘The first of those new features is called Recall, and Microsoft says it's like a PC with "photographic memory." The feature remembers everything you do on your computer, allowing you to quickly "recall" something regardless of whether it was an email you read, a website you visited, or a document you examined. You can control how long the timeline for these memories is and remove certain sites from being cataloged. All the data stays on your PC for enhanced security.’

https://www.extremetech.com/computing/microsoft-officially-unveils-the-first-wave-of-ai-pcs-powered-by-qualcomm


‘The internet is as bad as it is partially because payments are so bad. Payments forced us to think in accounts and accounts forced us to be traceable.’
nostr:note144rz754yyka3uwpqp8fp7apxty4tpkluedljhyf2ep3ugr9aquksz6sqxn


Did you stack today? https://image.nostr.build/6843a2a0803706623dccece97baa31214e06194bc9a389d84df9e582fc80927a.jpg


Trotskey


A horned creature wearing a platypus -shaped breathing aid.


‘…Bitcoin wouldn't be what it is without the generosity of early adopters.’
nostr:note16zshe8wy034mnar9grc80cwtaj5qmkcyz49mdn6t4u4tn5rtc5tsaze2aa


‘You’ll never overtake centralized incumbents with detached users who just arbitrarily like some feature of an app. But if you can start a movement, the game is very, very different.’
nostr:note1jqy4ep4rkg7nlq3s73kzatjuuajc7gpez7cf5fcpnjyxkvwqyels5cd476


Tom over in SN agrees!

https://stacker.news/items/543188/r/halalmoney


The sad thing is that there’s much needless suffering while we wait for the ‘right’ thing to happen. Patience is a virtue but it ain’t easy!


‘The idea of self-custodied wealth… is far from a modern invention. It has been a fundamental apect of human societies for millennia.’

https://blog.blockstream.com/scaling-trust-bitcoins-role-in-bridging-the-global-digital-divide/


So, if China manages to export deflation to the West that will eventually dampen official measures of inflation. That may allow central banks to cut interest rates. This will likely lead to house prices remaining high / unaffordable. It’s hard for the average Joe to avoid having his life dictated by these inflationary/ deflationary ebbs and flows.


'The researchers say the biomimetic engineering insights they uncovered could help guide the design of more efficient reactors by optimizing flow patterns inside while minimizing drag outside. Similar ridged, porous surfaces could enhance air filtration and ventilation systems in skyscrapers and other structures. The asymmetric, helical ridges may even inspire low-drag hulls or fuselages that stay streamlined while promoting interior air flows.'

https://phys.org/news/2024-05-deep-sea-sponge-energy-efficient.html


'In a way, the Treasury is going to be acting as market maker of last resort for illiquid bonds in a way that the commercial banking system is no longer able to. The cost of these operations is likely to be further shrinkage of average debt maturity and continued downward pressure on the long end of the curve.'
 https://image.nostr.build/6009904b6230e7592891260d1dc3165123db88085bf8d14271f9664d00393f6f.jpg


Two-party elections which the government always wins.


“…there’s a very real risk that Starmer is merely feeding into the perception that politics is all a bit of a game for those insiders, with voters merely the spectators.”

Eric Shaw
Honorary Research Fellow in Politics, University of Stirling

https://apple.news/AIC6i2E7ySqScbon7dTsOTw


Wen dog whistle emoji…


“How’s the hair cut?” asked the barber.

“You took too much off the top,” said the aqua lion as he contemplated whether or not to eat him.


Have you stacked today?

https://nostrcheck.me/media/134743ca8ad0203b3657c20a6869e64f160ce48ae6388dc1f5ca67f346019ee7/1c4fd169cb4a6e2a57cc285aa66cdb520a32c622f731964c0bec9c426cee1d43.webp


nostr has the best thought experiments


NOSTR:

Neck braces and Other Stuff Transmitted by Relays


And users with this level of enthusiasm:

“If you ban TikTok, you ban my way of life,” Firebaugh is quoted as saying in the suit.

https://www.cnbc.com/2024/05/14/tiktok-creators-sue-us-government-first-amendment-block-law-that-could-ban-app.html


The meme templates don’t make themselves, but sometimes they do!
https://nostrcheck.me/media/134743ca8ad0203b3657c20a6869e64f160ce48ae6388dc1f5ca67f346019ee7/e8643de95659f3cd535417d17504f14a07bad45e12434bec3004f1102f15ebac.webp


‘The Repugnant Conclusion highlights a problem in an area of ethics which has become known as population ethics. The last decades have witnessed an increasing philosophical interest in questions such as “Is it possible to make the world a better place by creating more people?” and “Is there a moral obligation to have children?” The main problem is to find an adequate theory about the moral value of states of affairs where the number of people, their welfare, and their identities may vary.’

https://www.iffs.se/media/2280/repugnant-conclusion-in-la-follette-encyclopedia-2013.pdf


“Derek Parfit originally formulated the Repugnant Conclusion as follows: “For any possible population of at least ten billion people, all with a very high quality of life, there must be some much larger imaginable population whose existence, if other things are equal, would be better even though its members have lives that are barely worth living” “

https://www.iffs.se/media/2280/repugnant-conclusion-in-la-follette-encyclopedia-2013.pdf
nostr:note1szp62axzxekxsdh3edzcfzkcqfrwg4dewsyvwts6sf2g9flx5n3s5rxh2u


A triple nosed insect wearing a colourful blazer with far too much padding in the shoulders.


I read Kelton’s book, ‘The Deficit Myth’, some time ago.

An additional point to note is that the supposed appeal of MMT holds so long as governments keep inflation on a tight leash. It pains me to say this but perhaps the recent hot inflation numbers may be a blessing in disguise i.e. it makes a deeper adoption of MMT less likely for now.


‘The fiat money system always needs new sources of liquidity in order to be able to roll the gigantic mountain of debt forward in time.’

https://stacker.news/items/535832/r/halalmoney


‘Bitcoin is a system that can work and produce socially desirable outcomes without requiring that the agents place trust in a small coalition of actors.’

https://stacker.news/items/535216/r/halalmoney?commentId=535353


Some thoughts:

1. People will only follow people they consider more successful than themselves. If I’ve read Bitcoin culture correctly a) Bitcoiners don’t flaunt their wealth and b) a Bitcoiners perception of success is different from the ‘mainstream’ understanding.

2. A key part of becoming a Bitcoiner is the realisation that the establishment have played most people for fools; it’s not easy to admit that you’ve been part of the problem, not part of the solution for much of your life.


Broken Model Inception

"It is understandable that the Bank is now overcompensating by being extra cautious about lowering rates too soon in case inflation persists or rises again. It is natural not to want to make the same mistake twice. It is also understandable that, given that the Bank’s models failed to predict inflation going so high, there might be a concern that future projections for inflation are likewise under-predicting its levels. The Bank recently commissioned Ben Bernanke, former chairman of the Federal Reserve, to review its forecasting models and he identified several weaknesses that are presumably in the process of being remedied."

https://www.spectator.co.uk/article/why-the-bank-of-england-must-cut-interest-rates/


Agreed! One thought I had in mind when posting this is how different media coverage is in the context of AI and Bitcoin.


“AI compute needs are significant. It opens the door for a lot of different approaches in terms of how people think about designing and developing AI infrastructure.”

https://www.cnbc.com/2024/05/10/sam-altman-takes-nuclear-startup-oklo-public-to-power-ai-ambitions.html


The owl said, ‘You did not have my permission to graft this evil looking bunny to my forehead while I was napping.’


A paradigm shift (the big players have arrived) within a paradigm shift (Bitcoin’s challenge to fiat money)!


People who have not put in the work won’t understand the conviction of those who have.

One man’s conviction is another’s delusion!


Skeleton of a leopard with a skeleton of a fish dangling off its mouth.


‘By using Bitcoin as a medium of exchange, we can operate beyond the surveillance of the government and the traditional banking system.’

https://stacker.news/items/533209/r/halalmoney


‘Hülsmann… points to monetary interventionism as a devastating form of permissive interventionism. By manipulating money and credit, the state creates the conditions for an inflation culture. In it, rationality traps and intervention spirals are to be expected, although they may emerge slowly. Hülsmann rightly observes that as this culture begins to take hold, “the willingness to make donations of time and material goods is compromised. Less time is spent on disinterested activities, whether reading, music, sports, education of one’s children, worship, or spending time with others.”’

https://mises.org/misesian/importance-hulsmanns-groundbreaking-book-abundance-generosity-and-state


‘Bitcoin is… so far out from the conventional wisdom that to truly understand it, you have to consciously dedicate multiple hours of research into various "boring" topics, such as history of money, geopolitics, economics, game theory and so on. Without this work, the information on Bitcoin is simply filtered out as irrelevant. That makes Bitcoin an anti-meme. The idea itself is valid. However, its viral potential is extremely low.’

https://stacker.news/items/532853/r/halalmoney


Me thinking I’ve heard every dumb take on Bitcoin….