THEY QE'D THE 15TH-CENTURY ECONOMY WITH FUCKING DEBT STICKS.

Fucking nice of a MONEY CLASS rant at  nostr:npub1jfujw6llhq7wuvu5detycdsq5v5yqf56sgrdq8wlgrryx2a2p09svwm0gx today

https://stacker.news/items/768285/r/denlillaapan


GM... at the end of the day. w/e. Dude's gotta GM


fuck, this is such a good, calm, and serious explanation for what happened. Read it a dozen times, still love it

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

https://thedailyeconomy.org/article/requiem-for-a-broken-progressive-dream-on-sore-losers-and-gracious-winners/

From Bret Stephen in _The New York Times_.

https://www.nytimes.com/2024/11/06/opinion/donald-trump-defeat-democrats.html


Such quatsch.

Strip these ivory tower dudes of their credentials. (And laugh at the poor "journalist," James Baxter-Derrington, who put together an unbelievable mess of stupidities in one short article)

https://www.telegraph.co.uk/money/investing/whine-all-you-want-bitcoin-is-still-worthless/

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


lol pathetic


nostr:npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m : "the past was in many ways superior to the present. Sure, we have toilets, running water, refrigerators and airplanes; but we’re also fatter, dumber, sicker, lonelier, weaker and, some might argue, more slavish and obedient than we’ve ever been."

https://remnantchronicles.substack.com/p/i-took-all-the-pills


You didn’t get lucky.

You were smarter, had more conviction and bigger balls.

You earned this.


My "morning" coffee is better than yours

(_"morning"_ because it's 12.30 -- shitty sun too lazy to get over horizon)

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

#nature #villagelife #mountains #sunrise #coffeechain #plebs #coffee


- Quit university (unless you're a doctor, engineer etc)-- just go build/work in the fields you want instead

- Practice yoga

- Be less agreeable (i.e., take less shit; tell people off)

- Eat more meat

- Alcohol at a minimum

https://mises.org/mises-wire/ten-years-ago-i-discovered-mises-institute-these-are-things-i-wish-i-had-done-differently


This is pretty alright.

Yes, Stiglitz not exactly an impressive economist and this reeks of lefty envy politics etc, but this Georgist idea isn't crap.

Also... it's not *land* going up, dufus. It's the MONEY GOING DOWN

#nostr #philosophizing #econstr

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


just a little bit. Maybe for Jan 3 or White Paper day or something like that


GM

Forgot if I GM'd today already. Better "GM" again to be safe


yeah

nostr:note14zay4x7ymrl3m5nljhnf0a0exqwkf9fnwtx092h252vms0xgl8jqalh8m7


uh-hu.

_Goes to Twitter to check what's up, finds nothing_

What'd I miss?


Prove me wrong

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

https://x.com/joakimbook/status/1856340615392338045

(sorry about the Twitter link, but fuck wasn't gonna re-write all these ~25 words)


LOL,
savage

nostr:note1m828fv6zr87zsksrxhg6vvnluraxmz5g9rm6sqlsj3l6tagy4q4qqpeuvy


pretty sick in perspective.

Enjoy the ride, plebs. And to those who spent it on fucking toilet paper and netflix subscription, I have nothing but pity for yah

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


127 hours


sats parity  is here, amigos

nostr:note1dcad43grxzf425v33pvlrmzmzatwv70e54k77l9sys3u0w9cpdgs5kcvyd


what's a financial advisor?

(sorry I'm from the future, we use bitcoin -- don't have "portfolios")


yes.

That's why it's a bad meme and people should stop saying it. Price matters.

https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter

 nostr:npub1qkl3mdr672ph7zc75qh5evr92atcqxazn23h4csww2zv20ahr33sla0cpf has finally gotten around to it


85K is the dyslexic's 58K


WE DO ALL OF THESE THINGS


Um, yeah. So, apparently someone made a song about you,  nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

I guess flattery comes in all forms...?

https://stacker.news/items/763337


It is a VERY good morning, sir


indeed


ok fine, i surrender


GM


<insert Always Had Been meme>


gm, peeps.
stop watching price _and get back to work_!


This!

nostr:note1g8qcyz7s7765n0cxr6kt4cucmul2de7zmc55mc8r7g7wvtdk28esr0mtme


#100pushups #100adayuntil100k amirite!


nope


nice man, pls don't dox me! (but do come over for coffee if you're visiting!)


what a twat


aaah, this is funny.

zap if you get it!

nostr:note1vrnra4k7yucfcvcuy3u40p80xmr4eplj74xzdvrvyme870xehaxqs0n56j


whatcha gonna do about it?!


Joakim Book

Author, editor, yogi | Meat, bitcoin, chess  | calling BS on most things


good morning, #nostr. How are you, today?

#scenery #sunrise #mountains #winter #winteriscoming #mountainlife

https://m.primal.net/LyeN.jpg


TRULY, great job  nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs  nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pf and  nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u


indeed they are, love em!


1,000 sats.

Big fan of high-yield zap plans


crazy

nostr:note1sdec5sqs54re67rqdwlaa57k2e5u64j97js505wgrdz3u3vlhhaqmr0cws


shit, man. Good job


went here today. What did you do?

#nature #mountain #mountainhike #snow #iceland #66N #peace #stillness

https://m.primal.net/LxuK.jpg
https://m.primal.net/LxuL.jpg


YES, this 👇

nostr:note1j390xvemvxql02q0uwpqgsn8q0k03240krnjfkchac7gsp9pu4gqx0g36w


Are you against homeschooling?

Congratulations, you're a Nazi!

In Nazi Germany it was illegal to homeschool your children because compulsory public school was the best way to indoctrinate and control the youth to produce obedient workers and soldiers.

nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8 x nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs x nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pf
https://v.nostr.build/3LWmYoJ2yQTJLGPZ.mp4


hi  🌊


SO CLOSE
https://m.primal.net/Lwwj.png


this is a much cooler barrier to break  nostr:npub1jfujw6llhq7wuvu5detycdsq5v5yqf56sgrdq8wlgrryx2a2p09svwm0gx

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


I had a piece on this for  nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu a few years back -- admittedly not at ATH but still.

https://bitcoinmagazine.com/culture/dca-effective-going-all-in-on-bitcoin


THESE are the sorts of reflections that America's left/progressives need right now.

"I have to say that I now doubt the practical effectiveness of some of the policies I embraced in previous years. Others still seem like good ideas, but I’ve been dismayed at their botched implementation where they were tried." -- Noah Smith

"In 2012 or 2019, progressivism felt like it had forward momentum; now it feels adrift."

Noah concludes that the typical progressive causes are "dead in the water" or stuck amid an America public that no longer cherishes them. He's happy to wait that out, hoping (in vain?) for a change next decade or so.

The other take-away imperative there would be to ask the question: Maybe--just maybe--I got these goals, values, ends, and beliefs _wrong_?

Pssst  nostr:npub1fpcd25q2zg09rp65fglxuhp0acws5qlphpg88un7mdcskygdvgyqfv4sld  nostr:npub164q45vfa8prpl7f63stsl9qm9n22v6julkasjdqxjc8kevchsj0sp42rl3  nostr:npub12lzwey2hjc2ce0stwa3ldhg04h93wj263lvdhrf87qfzz9jsggeqwuntw2 etc

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

https://www.noahpinion.blog/p/what-remains-of-the-progressive-project


ah, for FUCK ACTUAL SAKE.

Fed is _not_ private. Get real, dude
https://stacker.news/items/745581


Now this image is circulating everywhere as a late insight of the privileged, that the legacy media are worthless. Let me tell you, for us Muslims, they were dead shortly after 9/11. It is not you who always dates historical insights just because you wake up late.

You seem to have forgotten how they demonized us, all 2 billion of us, because of the actions of a handful of crazies, whose Islam was questioned by several of our prominent scholars at the time because their actions were completely against the Qur'an.

We did not forget. We will not forget. We raised our now-adult children with the knowledge: 'Do not trust the media. They lie constantly.'

The death of the credibility of the old media happened much earlier and is already history, you latecomers.

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


Very ironic and fitting, then, that this election was decided -- in no small part -- by dudes on bro podcasts.

The symmetry is BEAUTIFUL

https://m.primal.net/LvvO.png
#politicstr #election2024 #NYT

https://www.nytimes.com/2024/11/06/opinion/trump-elites-working-class.html


nice nice nice LFG


gm


real -- just irrelevant/unimportant


GM to a very good day


Sweetest sats I ever earned.

#election #politics #bitcoinpredictionmarkets

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


"...end in a worker revolution where the proletariat owns the means of production"

jezus, why would anybody want that? Literally the worst possible outcome  for humanity or workers themselves.


Truly. In that role, you guys are important and I'm looking forward to see what inroads you achieve.

the climate shit has to go, though.


samesies


nah, same old, same old


crazy.
 Everyone forgot about it, somehow


Rizzo's suit on the livestream -- 👌  nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu  nostr:npub144rdkyhwy59ppp6k4d8s7vq8kpxhu6vlgh4v82mfvpmjjcse6grsxzag2d

https://b.tc/electionday?utm_campaign=road-to-election-day


no. disagree


they found more...?


hi deep winter #iceland #mountain #sunset #winter #snow

https://m.primal.net/Ltnb.jpg


100%

nostr:note1lzf707xcv4u2c3ec3rcnr3s6tn6cwlc0xcgvxs484r4yl00nal9s4y4rw0


storm clouds gathering

#white #blue #clouds #mountainlife

https://m.primal.net/LtVF.jpg


yeees!

nostr:note1yceet7thz0sx8a6myafulh70c5xlqq6yrzqgfmpvp7g78wymmc5sp68z8f


GM! esp to the doggo


Bro what if we never bought bitcoin?

Do you know how fucked we’d all be?


In today's #MONEYCLASS over at  nostr:npub1jfujw6llhq7wuvu5detycdsq5v5yqf56sgrdq8wlgrryx2a2p09svwm0gx I share my journey into monetary economics and thinking about monetary matters.

Go check it out 😉

https://stacker.news/items/752441

#nostr #monetaryeconstr #econstr


I used to like Steven Pinker.

these days I'm not so sure.

https://stacker.news/items/752132/r/denlillaapan
nostr:npub1jfujw6llhq7wuvu5detycdsq5v5yqf56sgrdq8wlgrryx2a2p09svwm0gx


"best value in the world for some of the best art"

nostr:note1zj9kx8d3h3ndxzx5ugc5zpsven2n5vsaykdm85htgquje5vm8lpsn7u6ml


highly recommend this nostr:npub1jfujw6llhq7wuvu5detycdsq5v5yqf56sgrdq8wlgrryx2a2p09svwm0gx thread by nostr:npub1nz4y6dxnt0kzvgyhyvwnqklpennhv20dgly4c5gnpx4aa6ns08vqr8kkgx.

everything that's wrong with medicine + fiat + quick fix mentality #health #bitcoin #fiat #doctors

https://stacker.news/items/750764/r/denlillaapan


nice find, nice find.

#Amsterdam #street #streetview #bitcoin #netherlands

https://m.primal.net/LpJn.jpg


same


awesome!
hjärtligt välkommen!


Nah, man. Not worth it.

Gonna pass. I like slavery and surveillance state


Sometimes _Reason_ Magazine is, you know, REASONABLE

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


GFM


"When it comes to Bitcoin clothing, I still want something that fits into my day to day. Something that, you know, looks like streetwear, but that won’t attract attention, unless someone is really in the know. "
https://bitcoinmagazine.com/culture/21-million-fashion-bitcoin-clothes-worth-the-sats
 nostr:npub144rdkyhwy59ppp6k4d8s7vq8kpxhu6vlgh4v82mfvpmjjcse6grsxzag2d


true dat

nostr:note1ap30l3vjxd79780uk728llwpm309lejujh6yvnydzw02ft8gh80q3wupxt


edited, I guess I have to confess: I _loved_ that clip-clip feature of Pocket Casts


Politics isn't about the clown show on TV, but at the base of it about deep philosophical questions  nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk

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

https://bitcoinmagazine.com/politics/bitcoin-wont-let-you-transcend-politics


a verifiably "low-IQ person... she's a low-IQ person"
https://www.youtube.com/watch?v=hBMoPUAeLnY&ab_channel=PowerfulJRE


gm


well, that shit just got, you know, 7% harder


fantastic


wrong link, obvs:
https://stacker.news/items/743344


same to you, sir.

Mine's been crap so far
https://stacker.news/items/742854/r/realBitcoinDog?commentId=742856


Yea, sometimes you just _hate your own goddamn guts_, don't you.

Expensive, silly mistake. Tune in at  nostr:npub1jfujw6llhq7wuvu5detycdsq5v5yqf56sgrdq8wlgrryx2a2p09svwm0gx for the full story

https://stacker.news/items/743344


halfway through, crazy how calm, serious, relatable and profesh he was


my latest for The Daily Economy at AIER,

the portion I liked the most:

https://thedailyeconomy.org/article/what-happens-if-bitcoin-goes-up-forever/

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


Yea, if I were in PA I would do violence on my morals.
https://www.lewrockwell.com/2024/10/no_author/who-will-i-vote-for-in-2024/

https://m.primal.net/LhdS.jpg


Life at 66° N is pretty wild sometimes

https://m.primal.net/LhLs.jpg


AMAZING, Max! Looking forward to following this journey


the world's least unpredictable thing.

clown world likes to hit lower lows


woaah -- buena suerte :)


oye, amigo -- ven acá  nostr:npub1nz4y6dxnt0kzvgyhyvwnqklpennhv20dgly4c5gnpx4aa6ns08vqr8kkgx

nostr:note1wqatunnqj5509zms09nn89jtnsk0pww5natlhnq9tmejqaerwz4sgurryn


Today's MONEY CLASS deals with Gresham's Law...

...you know, that silly little trope that comes up and now again: Bad money drives out good money.

No, no it doesn't. Featuring, not entirely favorably,  nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

https://stacker.news/items/738907


Good job and congratulations. I wish you the best


truly.

Very sick of <The Science>

https://naturalselections.substack.com/p/bad-storms-bad-science

https://m.primal.net/Lgmm.jpg


pics or didn't happen -- amirite,  nostr:npub1nz4y6dxnt0kzvgyhyvwnqklpennhv20dgly4c5gnpx4aa6ns08vqr8kkgx


"any attempt to reconcile leftist ideology with bitcoin is cognitive dissonance"

nostr:note14p3h8rnr5kj9ndt6mcsjg9kus69fe2jnhhrlw7j7pn2n32n7xqwq7ht9s6


YES


precisely


If I may be so bold and try to answer for the right-wing fascists etc [insert stupid labels]...

Yes, we appreciate that you guys are here,
- personally, because as you say you have overcome a LOT of intellectual baggage to arrive _here_;
- and instrumentally, because you can convey bitcoiny content to left-wingers that I never could since -- as I wrote in my  nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu review of  nostr:npub1dc84762hpnp0y4jcvjcgwt8l7sepng93j3hg63hfm80ph6kt82eqktjwqd's book -- they'd instantly suspect foul play and shut me down. (I am a fascist, after all.)

Yes, we _also_ understand that you're not the caricature of a left-wing nut or much of a Democrat.

...hence we arrive at PINO (Progressive in Name Only). What, alas, is left once you've shed all these progressive talking points?

All of it would seem to collapse into "libertarian with strong social ethos," or small-gov right-winger who wants people to be nice to LGBTers. That's fine. By that metric, _I_ am a bloody progressive.

Trey -- would you give it your best shot to square this circle for me? Try to reconcile bitcoin/self-sov/unbank/stop money-printing and the big gov it allows with the many progressive aim and goals that seem to depend crucially on that.


truly


wooah, I don't know that one. Gotta check it out


I'm really happy about how today's MONEY CLASS at  nostr:npub1jfujw6llhq7wuvu5detycdsq5v5yqf56sgrdq8wlgrryx2a2p09svwm0gx turned out. (The Nominal and The Real in Bitcoin Land)

Lots of monetary economics to learn here.

https://stacker.news/items/737272

Some honorary appearances include  nostr:npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7  nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um and more


Aaron, the snark master

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

nostr:note19tjlczkeap6nqd58n7yqnrxx069wwmq7k8m2fvg002sr327t5zeqn3qrjf


nice, man.

Will try it to see what happens


THat's awesome!

...now, let's replace the forum addiction with a new (better? Bitcoin-y?) one:
https://stacker.news/r/denlillaapan


gm


*--₿--*

To most people, Nate Silver is synonymous with the election forecast model FiveThirtyEight. He first appeared broadly on the public’s radar during the 2008 election, and for a decade and a half he has dominated the market for statistical-political fortune-telling — a self-prescribed expert in [psephology](https://www.natesilver.net/p/dont-let-randomness-make-a-fool-of).

What fewer people know is that he’s also a successful poker player and the author of 2015 [*The Signal and the Noise*](https://amzn.to/3NHO1FP), a popular book on statistics (…and the backdrop to my first-ever [article for AIER](https://aier.org/article/what-does-it-mean-to-have-predicted-an-economic-event/)). Having left FiveThirtyEight — now run by [ABC News](https://abcnews.go.com/538) — he spent the last few years writing the Substack “[Silver Bulletin](https://www.natesilver.net/),” now supplemented by a 500-page heavyweight of a book.

In [*On the Edge: The Art of Risking Everything*](https://amzn.to/4gUtevQ), Silver has distilled even deeper meaning from thinking about the world through the lens of [statistics](https://aier.org/article/all-hail-statistics/) and gambling. While the book is overwhelmingly about games, with the first two hundred pages exclusively dealing with poker, sports betting, the Vegas gambling scene, and the many colorful characters inhibiting these worlds, it’s fundamentally about a major fault line in American society.

In one corner, we have Silver’s own analytical and cognitive team, the River — a “sprawling ecosystem of like-minded people…a way of thinking and a mode of life.” A Riverian is characteristically independent-minded, risk-tolerant, combative and competitive, skeptical and often hyperrational. Riverians care about principles and abstract thinking, and Silver mostly sees them in the tech world of Silicon Valley, in the hallowed gambling halls of Las Vegas, or the hedge funds on Wall Street.

In the other corner, we have the Village — Silver’s term for high academia, most of the media, politics, and Washington, DC think tanks: “it’s basically the liberal establishment,” he writes in a Substack post introducing the book. In the other corner, we have the Village — Silver’s term for high academia, most of the media, politics, and Washington, DC think tanks: “it’s basically the liberal establishment,” he writes in a Substack [post introducing the book](https://www.natesilver.net/p/welcome-to-the-river).

“Villagers,” writes Silver, “see themselves as being clearly right on the most important big-picture questions, from climate change to gay and trans rights” — so arguing over the principles or abstractions involved, as [skeptical](https://authory.com/JoakimBook/How-Science-So-Often-Devolves-into-Quick-Fixes-and-Quackery-a7ea1d629cf5442ef8bf36a34adf28d4e) Riverians are wont to do, is somewhere between time-wasting and politically dangerous. Villagers think very lowly of the Riverians’ faux desire for competition since they so often see games being rigged in their favor, and not actually risking that much; Riverians benefit from existing social hierarchies and are too blind to their own privileges.

In counter-salvo, the Riverians think Villagers are captured by social and political fads, their “claims to academic, scientific, and journalistic expertise are becoming increasingly hard to separate from Democratic political partisanship.”

The distinction between the tribes isn’t primarily about educational credentials, and doesn’t entirely map onto the red-blue divide so all-encompassing in American life; still, college degrees are largely the admission fee to the Village, which tends to be about as left-leaning as Riverian thought tends to be rich and white.

The major difference in how Villagers and Riverians think comes down to (de)coupling, abstract logical thinking, and “the ability to block out context”: it’s about cognitive discipline and ability to keep two thoughts in your head at once — to decouple pieces of information that are independent. On the left in America, says Silver, “the tendency is to **add** context rather than remove it based on the identity of the speaker, the historical provenance of the idea.”

The collapsing [trust](https://www.aei.org/op-eds/can-americans-learn-to-trust-again/) in American institutions isn’t some moral failure on the part of a bigoted, unpatriotic underclass, but a “reasonable reaction” given what the Villagers have been up to recently — everything from identitarian politics to the COVID debacle. Still, Silver comes out fairly optimistic: he opens his final chapter by saying that “ever since 1776, we risk-takers have been winning.”

Silver, a Democrat himself but an avid Riverian, thinks he’s in a good position to speak to both worlds, explain the virtues of one to skeptical members of the other since he spent the last decade-plus passing between those worlds. Still, he opens the book by confessing, “I still feel more at home in a casino than at a political convention,” and he often reminds the reader of how much of a Riverian he is.

The guiding principle underlying this book’s investigation is the very Riverian concept of [expected value](https://www.investopedia.com/terms/e/expected-value.asp) (EV) — a probabilistic calculation familiar to any student of economics. The EV of an uncertain gamble is the payoffs multiplied by its various probabilities; a coin flip that pays you $100 for heads and -$20 for tails has an expected value of $40: *(100\*50%)+(-20\*50%)*.

This, affectionately termed +EV or “edge”, is what everyone in the River live for — from poker players inching out an edge over their opponents to sports betters getting the better of betting sites, to venture capital investors riding the 100x returns of successes to pay for their many duds.

With the Village-River map in mind and EV as a guiding light, Silver takes us on a journey from the strategies of poker to the ins and outs of the gambling industry, to moral philosophy, the venture capital scene, and survivorship bias in finance and poker alike. We get a fair intro to Bitcoin, but mostly as a setup to Sam Bankman-Fried and the collapse of the [cryptocurrency exchange he ran](https://aier.org/article/the-false-face-of-sbf-ftx-and-esg/).

We’re treated to a lengthy summary of x-risk debates (short for existential risks to humanity, ranging from conventional ones like nuclear war to newer concerns like climate change and runaway AI) and effective altruism — the philosophical movement that Bankman-Fried brought to widespread attention and simultaneously did so much to harm.

What feels strange is what all of this has to do with poker or sports betting. Fair enough, everyone obsessed with a game tends to see its workings replicated elsewhere. Christians see God everywhere, from [Bitcoin](https://tgfb.com/) to [engineering](https://www.cis.org.uk/upload/Resources/Students/Engineering_text_only.pdf). As an avid chess player, I often tend to see chess dynamics in [life and economic affairs](https://www.aier.org/article/what-chess-can-teach-us-about-economic-justice/). Nate Silver, an on-and-off professional poker player, sees complicated philosophical arguments or behaviors in politics and technology through the lens of poker hands, relevant because it’s about “calculated risk-taking” and making calibrated predictions about future events.

As economists, we have little room to object; John von Neumann observed already in [*Theory of Games and Economic Behavior*](https://amzn.to/3You1OE) from 1944, the book that laid the foundations for the economics subfield game theory, that human interactions can be thought of as games — full of moves, countermoves, bluffs, risk, psychology, and the assessment of variable payoffs.

One controversial conclusion that Silver takes away from his investigation is that society needs *more* risk, not less: “Society would be generally better off — I’ll confidently contend — if people understood the nature of expected value and specifically the importance of low-probability, high-impact events.” Whether poker hands, public policy, or how to estimate the risk of runaway AI, *On the Edge* is about how to think well about a problem. That’s a worthy exercise for all of us.

*--₿--*

*Originally published at the [American Institute for Economic Research (Daily Economy)](https://thedailyeconomy.org/article/25646/).*

The Village and the River at the Poker Table

A review of Nate Silver's new book, On The Edge: The Art of Risking Everything. Blockheight= #866826


ugh. I read this to be _today_.

Sitting here frenetically checking all manner of streams (YT, Nostr, Zap.stream).


hahah yea, for sure. Sitting there prettily on banks accounts earning that sweet ECB deposit rate


totally


happens with SEPA a lot over the weekend. Gets stuck for, like, three days into the week


nope, really don't.

nostr:note1857wlmmccv477kazh9508s5agja43rh6xdzpah74veerzurfzg8qs9q3jt


You can think about life in games -- an insight popularized by James Carse or great like John von Neumann.

Nate Silver's new book _On the Edge_ does a great job flushing that out-- in all manner of domains: AI, x-risk, #bitcoin

Refreshingly: the bitcoin summary, while tangential to the book, DOES NOT SUCK.

#bookreviews #politicstr #nostr #plebchain

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

"Whether poker hands, public policy, or how to estimate the risk of runaway AI, On the Edge is about how to think well about a problem. That’s a worthy exercise for all of us."
https://thedailyeconomy.org/article/25646/


GM


fuuuuck


about time! Looking forward to it


YES, where is this??


this looks AI-generated. Crazy


What to pick...

How about, "The world is so big, and I am so small"?
https://m.primal.net/LdCq.png
https://m.primal.net/LdCo.png

#nature #iceland #waterfalls #falls #longsummers #glory #pray #god


"The post-1971 era that brought with it a booming real estate industry is suffering the same fate as the bond market; the generation bull market is over. Real estate prices may go up, but that will be nothing more than a mirage of wealth creation."
https://www.tftc.io/bitcoin-real-estate/
 nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy  nostr:npub1v5k43t905yz6lpr4crlgq2d99e7ahsehk27eex9mz7s3rhzvmesqum8rd9


LFG


Let me emphasize that, from the bottom of my European soul:

No, we cannot.
Not the cars, not the shit food, not the drive-through, not the overweight people, not the paparazzi, not the President-pretending-to-do-normal-jobs shit. None of it.

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


Reason podcast this week -- faaantaaastic:
https://www.youtube.com/watch?v=EuF66pyGoUM&t=601s&ab_channel=ReasonTV

"...the idea that women in America will only care, or vote, on abortion -- the economy, Israel, the border, national security; we don't care about anything because I can't see past my vagina "


yes. Shame on them


Hot DAAAAMN,

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

nostr:note1qq8w40uheuwjykqmlfj3lyu4n4xwgl988ejly6cvghy5n3x69g4q4m6cgt


Sun just popped out from behind the mountains -- at 10.24 in the morning. Winter iiiiizzzz fucking coooooming
https://m.primal.net/LbvC.png

#sunshine #winter #iceland #snow #mountains #nature #beauty


LOOK AT THOSE COLOURS, MAN!


OK, not-so-humble humble brag:

https://m.primal.net/LbuK.png
https://m.primal.net/LbuL.png

I got some things horrifically wrong: a _lot_ more Democrats support right to bear arms than I expected -- and a _lot_ fewer Republicans thought Trump was a flawed person than I guessed.


Apologizing means RECOGNIZING AN ERROR and REGRETING ONE'S BEHAVIOR.

If what you did wasn't an error (i.e., there's a divergence of values between you and the cousin about how to behave/what it means to be a good person), how does one apologize?

"I'm sorry your value systems are fucked and you can't see past that?"


I really liked it!
https://aier.org/article/are-humans-naturally-nice/
(He has a new one coming out on working time/bullshit jobs basically)


gm


First real gym session in months.

Weak af and no endurance, but it seems I still have it in me. Peace, friends

https://m.primal.net/LbRZ.png
https://m.primal.net/LbRf.jpg

Soundtrack: https://www.youtube.com/watch?v=1fwl3SajX-M&ab_channel=Borgeous-Topic

🎤 // I don't care about nothiiiing! //🎤

#workout #yoga #upsidedown #calisthenics #saturday #


I got really lucky

working hard
buying bitcoin
eating meat
lifting weights
refusing vaccine
prioritizing family

Pure luck! 🙏


you don't; you get freed by Morpheus and his crew


oh lol, that's cruel.

The internet remembers

https://m.primal.net/LaEr.jpg


🚨🚨🚨 https://nostrcheck.me/media/a3ce3b178db030c5bdcddd1aa7c9a9127ecb17f16f7daaf5d8216860b7588d3c/d8cad76b1ce4e1c28a833a66fb37bb94290f5c5dfe108d6f892074130011efcb.webp


There are 438 federal agencies.

America 🇺🇸 is 248 years old.

That’s nearly 2 agencies created per year over the lifetime of the country.


great, ODELL. Now I'm gonna have this song in my head all day

#throwbackFriday

https://www.youtube.com/watch?v=05v4nfUmBYI


"The move from $2,000 to $2,700, if it should be sustained in any meaningful way in the months to come, does suggest that gold may be becoming a slightly different kind of asset."

https://www.ft.com/content/8464ca71-3c57-49cf-af53-e8e5263de20b


Chess Stackers -- come play us
https://www.chess.com/member/denlillaapan

Stackers playing chess, come challenges us. Would be nice to connect

Share your handles, rating ranges etc

@Taft -- pretty much all I know so far :)

originally posted at https://stacker.news/items/728677


"It’s no wonder the people telling you to untether yourself from your ancestors by convincing you they were savages are the same ones telling you to ignore your body, and the same people who want you to eat the bugs, to feed you tumors and fake meat, to block out the sun, to print unlimited money, and to make you a helpless dependent. They are the same people who will slander the Napoleons, Achilles, Caesars and Alexanders of history by calling them tyrants, homosexuals, dictators and 'short power-hungry men.' Such people cannot appreciate beauty, because they are ugly inside"


"This book will help you make sense of these feelings, understand what’s happening today, why it is happening, what happened to the great civilisations whose shoulders we stand upon but have lost touch with, and ultimately come to terms with the fact that winning requires competing. You can’t complain your way to victory"

"The world has become one giant HR department run by crazy cat ladies and a never-ending horde of bureaucrats."

https://barsoom.substack.com/p/hard-money-and-hard-men


Newsfeed find. Survey with overwhelming majority favoring rent controls. Journalist comment

"Rental caps and rent control has been increasingly in the public discourse in Iceland, as the available housing supply has not been able to keep up with demand, which has led to soaring rental costs for many people in the country."
https://grapevine.is/news/2022/09/15/most-icelanders-support-rental-caps/

Leftists really are retarded. #politics #nostr #econstr #pleblife


Guess nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu's case against the international institutions was... wrong? overblown? outdated?

- don't have the financial power/clout they used to
- countries take the money but don't do what they prescribe
- in consequence, their prescriptions have gotten meeker

source:
https://www.economist.com/finance-and-economics/2024/09/19/the-worlds-poorest-countries-have-experienced-a-brutal-decade&ved=2ahUKEwiFlLX9qpWJAxWNTkEAHfgqHZUQFnoECBMQAQ&usg=AOvVaw0SC4tObhpd5hAznI1_Oys9

https://m.primal.net/LYeW.jpg


"fuck the fucking fuckers" is correct.

Horrible.

nostr:note1ynq4wyfu0cjg4hcpgtngqr7xax47gkw57v5qgsnsd3ufa54yay7s8hrvj5


Really good news: in Norway, the right to pay cash has been enshrined in law, as of Oct 1st. Retail will no longer be able to refuse cash for payments up to $2000.

Meanwhile, in other EU countries you're _prohibited_ from accepting that much cash!

https://www.norges-bank.no/en/topics/notes-and-coins/the-right-to-pay-cash/

https://www.zerohedge.com/political/norway-one-worlds-most-cashless-economies-just-made-it-lot-easier-pay-cash


GREAT ADVICE


This is the official #Bitaxe 601 Gamma giveaway!

How to enter:
•Like this post
•Share this post.
•Follow us on NOSTR.

What you’ll receive:
•1- Bitaxe 601 Gamma.
•1- 5V, 6A power supply.
•1-Solo Satoshi Bitaxe stand.
•1- Bitaxe “Anarchy” t-shirt.
•1- Limited Edition PEZ dispenser.

This package will be shipped anywhere in the world completely free of charge.

•One winner will be randomly picked 72 hours from the time this is posted.

The winner has 24 hours to claim the reward. If the package is not claimed, another person will be randomly picked.

#Bitcoin #SoloSatoshi #BTC
https://m.primal.net/KxAL.jpg
https://m.primal.net/KyfE.jpg
https://m.primal.net/KxAM.jpg
https://m.primal.net/LWjz.jpg
https://m.primal.net/LWkB.jpg


"many Americans' sense that this whole perpetual union thing isn't quite working has been bubbling all over the place in this election year."
#nostr #politicstr #mediatrawl #texit #secession
https://reason.com/2024/10/13/texit-stage-right/


Rob Henderson be like:

"For all its flaws, though, America is still the best country in the world. And I say that as someone who has spent most of my adult life living abroad. "

https://www.robkhenderson.com/p/im-moving-to-new-york

Pretty #bullish on #America


gm


GM ☕ https://image.nostr.build/5c4aa8c43316230253e470d8ec5df77e2ab867ed52baff99e3a3813155146767.jpg


uh-huuu


throwback to the wonderful, shiny, crisp, and liberating winter that is storming toward us

#winter #northerndreams #snow #iceland #sky #magic #nature #photograph

https://m.primal.net/LWIe.jpg


I swear I replace our LED bulbs that are supposed to LaSt FoREvEr AnD UsE No EneRGy more often than we replaced our incandescent bulbs.

I legit think the shift to more expensive LEDs (which means they take way more energy to make, which means they are more wasteful, NOT efficient) was nothing but a big political grift to force people to buy bulbs with bigger margins that weren’t having the growth they needed. So they used “green energy” to pad their pockets.

I swear there is no political action whatsoever that isn’t a racket.

It is truly nothing but bootleggers and baptists. A marriage between the scammers and their fools and nothing more.


Only people with enough curiosity to do their own research understand #bitcoin

They didn't outsource their thinking

And now they don't outsource their trust
https://m.primal.net/LUiA.jpg


"You can only live at the expense of your neighbor until he runs out of money."

nostr:note1z4nt38759tpxvsn4ycpevvmuhpj7uhwphu84044gl9auh5sce2uqj78fx5


Correct. \
\
"Some one-fifth of federal tax revenue already comes directly from the incomes of the richest one million American households. The incomes of the highest-earning 20 percent of households more or less bankroll the federal government. Some one-fifth of federal tax revenue already comes directly from the incomes of the richest one million American households. The incomes of the [highest-earning 20 percent](https://www.federalbudgetinpictures.com/do-the-rich-pay-their-fair-share/) of households more or less bankroll the [federal government](https://taxfoundation.org/data/all/federal/federal-taxes-spending-fiscal-policy/)."\
\
https://aier.org/article/eating-the-rich-wont-feed-the-beast/


This is a highlight of 'Bitcoin, The Bond Market And Resurgent Inflation'.

https://highlighter.com/a/naddr1qvzqqqr4gupzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qy88wumn8ghj7mn0wvhxcmmv9uq3wamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet59uqsuamnwvaz7tmwdaejumr0dshsz9mhwden5te0wfjkccte9ec8y6tdv9kzumn9wshsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0qqxnzdej8qmr2d3jxuurzvpjuuhrn2

Progressive taxation means nobody will ever vote for less spending + the combined size of government employees and dependents, there’s no way for America’s actual taxpayers (about 20m people) to ever win an election, so the spending won’t stop growing and, ironically, inflation will make demands for more spending to grow.


U-N-B-E-L-I-E-V-A-B-L-E!


sat here and meditate+deep breathing to Akaal today

. Fucking powerful inhaling cool, crisp Arctic air

#nature #sun #yoga #meditation #connect #physicalspirituality #spirit #soul #innerbeing

https://youtu.be/TMl3iD2NVWg?si=XAlA9pPQAcbX8dbd

https://m.primal.net/LTip.jpg


Yes, I confess. I leaked inside information.

great Remy vid, though.


"it would be disingenuous to say there isn't a bias--Harris is part of an administration that engaged in lawless attacks on the crypto industry, and Trump has indicated potential support for an enormous bitcoin mining boom in the US"

Nik Bhatia saying it as it is. #Bitcoiners can't be neutral in this clown show of an #election

#politicstr #nostr #plebchain

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


always the case that camera sees more than we do. Still, pretty magic.
This is what we got @64N

https://m.primal.net/LRkd.jpg


good hunt, sir


Still true

#nostr #politicstr #AmericanHistory #communism #unions

https://m.primal.net/LSNw.jpg


pretty unbelievable.

#nature #aurora #northernlights #solarstorm #green #sky #reykjavik #photography

https://m.primal.net/LRkc.jpg
https://m.primal.net/LRkd.jpg


Mental health problem?
Hormonal health problem?
Difficulty losing weight?

These are all fat deficiencies.

Cut out the plants, start eating giant bowls of ground beef loaded with butter and salt every day, and watch as your issues disappear.

Your doctor won't prescribe this because it actually solves the problem.
https://nostrcheck.me/media/a3ce3b178db030c5bdcddd1aa7c9a9127ecb17f16f7daaf5d8216860b7588d3c/1a6806b947a40266c645ee3f669bb4986c6308ca6cc39d96a15c5f6b77b55d42.webp


been doing some crazy ones lately
https://primal.net/e/note16m4vqxdqw6x8gn83su977hkm3kgxv0ljfnmxfrvne6f7e6swa8vsh5t0xl


💥 Zap Giveaway Alert! 💥
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https://primal.net/e/note1sytyfgqsz6l422ph44p4x8ydpc0e87ehnyw8xh5qe0aca5sduh8qld7a4f


probs not. But we're suckers for sats so why not? Only my dignity on the line


Android app. Very slow in loading at different times of the day -- then just normal. and this:

https://m.primal.net/LRMc.png
https://m.primal.net/LRMe.png


"the disgruntled Samaritans had no patience for the federal effort."

#Hurricane #disasterrelief #news #nostrnews #politicstr #FreePress #TFP

https://www.thefp.com/p/elon-starlink-fema-hurricane-helene


I’ve now spent an hour and used every single card I own trying to buy a train ticket in Zurich and everything fails. I swear to fucking god everything international should accept Bitcoin because this is the biggest load of bullshit and waste of my time imaginable. I have shit to do and don’t have time to fight with the disease that is the fiat banking system.


Politicians are Nigerian princes. Stop believing them

#politicstr #nostr #freedom #liberty #economics #dailyreading

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

https://aier.org/article/you-can-trust-me-catfishers-nigerian-princes-and-political-hucksters-2/


"Those of us politically homeless watch from the sidelines, bewildered by the absurdity of it all.

That’s politics now—unthinking, partisan, and loyal to the death."

https://www.petermccormack.com/p/sausages


my morning walk is better than y'alls'

I can teach yous... but I have to charge

#nature #sky #firstsnow #mountain #freedom #freshair #liberty #photography

https://m.primal.net/LPtd.jpg


gm


so, after explaining to gf how nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u has the best podcast voice in #bitcoin (probably the world, really), we look up a picture and she goes,

"HE'S JOE DIRT!!!"

Uh-hu:

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


this

nostr:note1hzsau8c9khhfc7n80vr49vhnscnpu23mapzxt30gjh5p0n9f5evq68gelm


TRUMP WINS. X BECOMES THE PARTY’S PLATFORM. JUST AS WECHAT IS FOR THE CCP.

HARRIS WINS. US GOV CENSORSHIP OF ALL PLATFORMS INCREASES.

NOSTR FIXES BOTH.


You’re not a Bitcoiner until you…

Buy Bitcoin.

But then you’re like wait, I need to get these coins off the exchange.

So you get a hardware wallet.

But then you’re like wait, this is a ledger.

So you get a cold card.

But then you’re like wait, it isn’t using a passphrase.

So you use a passphrase.

But then you’re like wait this isn’t multisig and multisig would be better.

So you buy 4 more coldcards and set up a multisig.

But then you’re like wait I can’t just do coldcards I have to guard against supply chain attacks.

So you buy a ledger again and probably a bitbox too.

But then you’re like wait, I haven’t geographically distributed these.

So you disperse them throughout the country.

But then you’re like wait, what about jurisdictional risk?

So you disperse them to multiple countries.

But then you’re like wait, what if I was tracked as I was placing the hardware wallets?

So you…

There’s actually no end.

It just keeps going like that forever.

Congrats you’re a Bitcoiner now lol 😂


doing my bit to help the regime

#coffeechain #plebs #coffee #bitcoin #bukele #elsavador #wereallsalavadorans

https://m.primal.net/LNeW.jpg


you have no idea

#green #iceland #aurora #northernlights #sunday #stars #nature #photography #reykjavik #64degreesnorth

https://m.primal.net/LNRg.jpg
https://m.primal.net/LNRh.jpg


the source found -- in the wild,

 psst nostr:npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m

https://m.primal.net/LNCG.jpg


not quite _flea_ market, but you know. Close enough

https://m.primal.net/LMFZ.jpg


Silence https://image.nostr.build/af9b854e8e45b009008a3ef7a027bbe4429f85e9ffef753f0960206fd618c1af.jpg


gm #mountainlife


true dat.


I don’t know how some of you actually watch the debate and think there’s anything meaningful to extract from it. It’s deck chairs on the titanic. Elected officials don’t even run the govt.

Case in point, we don’t have a president, and nothing’s changed.

It’s literally reality TV. It’s governance theater. Your vote doesn’t matter. If it did, you wouldn’t be allowed to do it.


GM, Columbus


The opposite of this: https://dergigi.com/assets/images/bitcoin/2023-03-21-bitcoin-s-meme-wars/omg-let-people-enjoy-things.jpg


“You think that’s money in your bank account?” https://image.nostr.build/9adc347664663bd29eb48a42f092c2b821e00e9f478eb9479a66d5a3dd6d68fe.jpg


wow, we practice on here?? jeez, invite me next time


gm sir


Complain less. Contribute more.


góðan daginn

#iceland #nature #beauty #winter #snow #mountain #photograph

https://m.primal.net/LGom.jpg


gm


This is when the left is at its strongest (not the woke, identity shit or global warming nonsense):  Inequities structurally favoring one generation over another.

Hopeless, too, in that it's pretty locked in in a democratic society that's aging; change would require comfortable elderly people to recognize others' suffering and value that higher than their own well-being.

Luckily there is a way to opt out or this shit, to forcibly redistribute wealth from those who caused much of these problems to those who recognize them: #bitcoin

opt the fuck out; leave them to their pretty deserving misery.

BYYYYEEEE

https://theconversation.com/the-boomer-generation-hit-the-economic-jackpot-young-people-will-inherit-their-massive-debts-238908


Iceland isn't a nation, economy, or country.

It's a hedge fund with some fishing/tourism/aluminum smelting activities on the side.

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

#iceland #fintech #finpol #nostr #money #pension #assets #funfact


⚖
https://image.nostr.build/602898933668685eb67788e57d1a9bb463298b0d2b8608ab9d9298986e51880b.jpg


uh-hu, uh-hu. The two twin pillars of my life showing off

#nature #mountains #winter #sky #villagelife #iceland #snow

https://m.primal.net/LCud.jpg


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

https://www.realityslaststand.com/p/the-transgender-umbrella-casts-its


gm pv mae


Review: Bitcoin: The Inverse of Clown World
https://mises.org/mises-wire/review-bitcoin-inverse-clown-world

By Joakim Book
> While Bitcoin and other cryptocurrencies can boggle the mind with their complex relationships, nonetheless, we are witnessing the development of a parallel economy that has sprung up in the wake of harmful government intervention.

originally posted at https://stacker.news/items/670200


Gov fucked you for years. Now we fuck it. #Bitcoin
 - nostr:npub1the57n4k4tuvyr62uvucyt7m5ep2fyrj77dxrtv8c54mlj633vpqwmec8s

#BitcoinTwitter
https://bitcointwitter.web.app/images/v3/208.png


⚡ 250 SATS each FOR MY first 100 FOLLOWERS ⚡

This is a new key and I'm trying to rebuild.

LETS CONNECT AND GROW TOGETHER!

make sure to:
Like the Post ✅
Follow me➡
Repost 🔁

(Bots, new, & obviously alt accounts excluded. If you already follow me just like and boost for the reward)

#Nostr #GrowNostr #PlebChains #Bitcoin #Introductions #Nostrasia


welcome dude


The final episode of The Progressive Bitcoiner 🥲

TPB106 - What Happened to the Progressive Movement? with nostr:npub12lzwey2hjc2ce0stwa3ldhg04h93wj263lvdhrf87qfzz9jsggeqwuntw2 is out now.
In this episode we discuss:
- Why progressives should care about Bitcoin
- reflecting on the pod and progressive movement
- beyond identity politics, path forward for grassroots movements and more

All episodes available via tpbpod.com, @foundtain_app, YouTube or whatever you get your podcasts

Thank you to everyone who has listened to and supported the show, and to all the amazing guests who came on. The fight for bitcoin and a better world for everyone continues, and we each have a part to play.
https://m.primal.net/LATz.png


this  nostr:npub1kyk7ac33apd7cx0nun3laevf84zfhr8pt8kj4h8v7cpx9t72d4gqkyea0g
https://primal.net/e/note1p2eazy0shyxnejhmcd0luhfpgs059du9l7j0uwffwtq29vnsyf8suuj5d5


welcome sir


GM -- that's one hell of a flying humpback


it iz, it iz. Depends on those little Vietnamese kids working hard on our basic wooden shelves


Swedish central bank (Riksbanken) is no longer insolvent.

Tomorrow it will receive a 25bn SEK (~$2.5bn, 2% of balance sheet) capital injection to cover the accounting madness that was the "-18.100bn reserve" entry on the bank's balance sheet. Oops.

(Finance) clown world becoming more and more clowny.
Now, excessive money printing is a __direct__ fiscal drag on Sweden's treasury.

Be aware; be mindful; get the hell out.

#finpol #macro #finance #centralbanks #clownworld #bitcoin

https://www.riksbank.se/sv/press-och-publicerat/nyheter-och-pressmeddelanden/nyheter/2024/kapitaltillskottet-pa-25-miljarder-kronor-utbetalas-till-riksbanken/


fucking yeeees, siiiiiir. good job


Hit my highest ever rating on chess.com today.

 It's a long, never-ending story of improvements, practizing openings and learning from past mistakes. Very life-like (psst nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle)

But improving in chess is also about learning to see patterns, calculating variations, but above all recognizing your own behavior -- mindset and physical relaxation even more so than brainpower or opening knowledge (at my paltry level, anyway)

While chess is an open info, objective game it's so unbelievably spiritual and psychological as well: I play better when I'm calm, life is in order, and there are no immediate distractions. If I'm annoyed, haven't moved my body, worry about money or work, or there's something else bidding for my attention, I play noticeably worse.

I play better in the morning and afternoon than in the evening. I play better when I take my time and carefully analyze the position (which means occasionally losing on time) than when I try to rush my opponent's clock by playing fast. I play better in 5min games than in 3min games.

The stats and the undeniable trend is what most fascinates me. For an average of about 13 games a day over the last year, the pattern has been the same: improvements followed by steep collapse before slowly and carefully getting back better and stronger. Anti-fragility etc

Final fascinating observation: Look at the bottom numbers for how unbelievably small the edge is. I win about 48% of games and lose 46%. And that small, invisible difference is what propels me upward.
Nothing feels more soul-crushing than when I'm on that downward trajectory, losing hundreds of points in a few days. But it's _just_ small margins shifting -- shooting me in one direction or another. Over time they correct themselves, law of large numbers in operation.

Important to remember: small margins, small improvements -- even in a noisy and volatile environment -- repeated day in and day out, create progress.

Peace out.

#chesstr #chess #bitcoin #chesslife #64squares #selfimprovement #reflections

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


gm!


No. Don't tell me what to do


GM


"the lesson here is to deal with your shit, don’t let small things fester, everything you think you 'get away with' often still has a cost, and importantly, your feelings don’t equal reality. They may be trying to tell you something, but don’t confuse a strong feeling with the truth."
- nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

nostr:note18hrntvq5vy96t3fsnn793zg47fqdgxyk8xudgmfdlea9adnhvnzqqdj0nf


brought some sheep over a mountain today

#nature #villagelife #nostrgram #landofice #winter #hiking #sheep #sky #horizon #beauty

https://m.primal.net/Kyaa.jpg


🎶🎶Thiiiiiiz fjall is on fiiiiire 🎶🎶

#smoke #misty #mountain #iceland #winterishere #sunshine #nature #photography #snow #nostrgram

https://m.primal.net/KxIE.jpg


wonderful brekkie, sir -- GM


gm


saludos from 66°N.

Winter isn't just coming; it's here.

Fresh, crisp air. Snow on the mountain. Peace in our souls.

#nature #iceland #villagelife #mountain #snow #peace

https://m.primal.net/KvwF.jpg


live free, opt out, be happy


...so, that building (on the right) isn't the Bank of England but the Royal Exchange. _Used_ to have stock exchange trading way back in the days so maybe that's what you meant?


would be nicer with snow on the peaks #villagelife #lifeat66N #mountains #nature #snow

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


gm -- literally my morning coffee today 👆


peak of local village mountain in midwinter, for a few moments of sunshine (66°N)

https://m.primal.net/KuIs.jpg


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

https://fountain.fm/clip/LNMVquWxQADZhPJZhpqV

#inflation #fiat #economics


GM, it's Fed pivot day. https://i.nostr.build/EXlgs9M2DnCFSfdC.jpg


Truly. Can confirm.  nostr:npub1dx5q2el8nd4eh3eg9t2e25fd7zuqg7zxz6ldkc3uzgh66ss2yc6st288sj is nuts

nostr:note1lgaqadehh988ycjw9d5e0rppast385d9fpe20mm7gk2kvwr9unqqfh2mff


NGMI


_are you nuts_?!


Since almost everyone is stupid about compounding even me.

Here’s the math.

Using nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m's base case (13MM a coin by 2045) as the example…

Saving $20 a week = $1,200,000 in 2045

Saving $50 a week = $3,000,000 in 2045

Saving $100 a week = $6,000,000 in 2045

Saving $500 a week = $30,000,000 in 2045

Saving $1,000 a week = $60,000,000 in 2045

Now let’s get properly bullish and use Saylors bull case 🐂 of $49 million per coin by 2045.

Saving $20 a week = $3,600,000 in 2045

Saving $50 a week = $9,000,000 in 2045

Saving $100 a week = $18,200,000 in 2045

Saving $500 a week = $90,000,000 in 2045

Saving $1,000 a week = $181,500,000 in 2045

If you save $20-$50 a week over the next 21 years you will end up with somewhere between 1.2 and 9 million dollars.

I mean bro for Americans that’s like me asking you not to go out to lunch once or twice a week.

That’s nothing. https://image.nostr.build/624b110fc7c9489badb805e3d715e5993543b37370086a45dc184e91c2dc3757.jpg


GM


funny that I've literally given people this advice. pfff


Sometimes RULES are the problem; break them if they don't serve

nostr:note1uhcg2zng39w6wff7h82965kehfskupp65c85vcnrslv77fkz8m2s2y05sr


depends on the day.
But I'm pretty partial to the two I worked on (Genesis Book + Broken Money)


A few words on AI:

https://m.primal.net/KqvH.jpg


No cars on the road and you cross the road -- and everyone freaks the fuck out, cuz you can't cross the road without the permission of the little green man


true true true, _Blocksize war_ is missing


yea, read it on Kindle but never got myself a hard copy. Maybe from the Saif store some day


funny, I wasted maybe half an hour on Twitter watching nature movies involving bears.

Somewhat less infuriating and disgusting, but equally captivating. Stupid algos


newbie mistake


nothing to see here, move along everyone


hot damn

nostr:note1s43k7fqt0n87g7xpmgumyehvw0gdwr693xrdmkvscwwrttf98tmse82ez5


gm


I often wonder if I have the best bookshelf in #bitcoin

nostr:npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42 nostr:npub1art8cs66ffvnqns5zs5qa9fwlctmusj5lj38j94lv0ulw0j54wjqhpm0w5 nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu nostr:npub1dc84762hpnp0y4jcvjcgwt8l7sepng93j3hg63hfm80ph6kt82eqktjwqd nostr:npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7 nostr:npub1jddnc9ma408dey575wcsqhg5jtc2n7765y4gdnnrswlwgqnnat7swe4s60 nostr:npub10afr060h0g3vf2ykynr6cvw2u7ta3tzpgjczfyufp420aeeen0xszf0xj0 nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pfnostr:npub1qw6e8meaj5gzk49alamh9qf35lpmml5sq7ctjtxhcjk55qppmcjs0j2v52 nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc nostr:npub1905c85e2nr25650up3wxjw0hs2arlz9xd4zw02juanaftyag3eyqsn3w9x

#books #beauty #plebchain

https://m.primal.net/KrCO.jpg


didn't I bring the Glenlivet too last time??


street view #reykjavik #bitcoinmaffia #plebchain #weareeverywhere #bitcoin

https://m.primal.net/Kqje.jpg


Solo Satoshi is pledging to give away the very first #Bitaxe Gamma that we receive on the NOSTR platform!!!

Like, share, and follow us!

1.2 TH/s of raw desktop power. You don’t want to miss this! We’re decentralizing #Bitcoin mining together!
https://m.primal.net/KqLu.jpg


Don't let schooling get in the way of your education.

#ourworldindata #climatechange #nature #naturaldisasters #plebchain #selfdevelopment #education #smarts #schooling #optout #abolish

https://www.nottheendoftheworld.co.uk/

https://m.primal.net/Kqbs.jpg


The best skincare product:

Sunlight.

The best gut biome supplement:

Fasting.

The best fat loss tool:

Walking.

The best way to create happiness:

Presence.

We’ve known these things to be the case for hundreds of thousands of years;

Nothing will ever compare to them…


17 a while back... he got some reinstated?

https://www.nature.com/articles/d41586-022-03032-9


Iceland, um, obliges you to come visit.

GN, #Nostriches #plebs #Bitcoiner

#iceland #northernlights #aurora #colors #winteriscoming #skyisalive #nature #reykjavik

https://m.primal.net/KpFx.jpg


My #GN last night was better than y'alls. (I can teach you but I have to charge!)

It was supposedly a 6 -- but that poor thing didn't bring all the bois to the yard.

#iceland #magic #northernlights #aurora #sweethome #reykjavik

https://m.primal.net/KoiV.jpg


It's very nice to be home!
#travels #nature #sunset #reykjavik #mountains #64N

https://m.primal.net/KnhC.jpg
https://m.primal.net/KnhE.jpg


John Vallis used to say something that stuck with me: don't be offended -- ever. **What people say is either irrelevant or useful.**

If some offensive thing is irrelevant -- ignore it.
If some offensive thing is useful -- embrace it.

#lifeadvice #plebchain #personaldevelopment #thickskin


My latest episode with  nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf is out! We touch on product market fit for savings, rebalancing, cultural changes on a bitcoin standard, and whether the govt should hold bitcoin

https://stephanlivera.com/602


don't let schools get in the way of your kids' education

#freedom #optout #teachervalue #schoolsout #schooling #education #youngpeople

nostr:note17gwnvwrlml5nz4l7tp923qnd47q3k834hz5264nu4t2l3p8e3cjsr6xn5q


gm

https://m.primal.net/Kmed.jpg


"...Jesus, just buy bitcoin no matter what!"

#optout #truth #wisdom #ignorethenoise

nostr:note1n8cdp8wzh8hw8gpg9mq5jqz7ax5mvqjhf7re7lvtkv7tc7dhqedqxdw0xz


Touch grass, see the sun, play some chess.

Eternal life advice.

nostr:note1xmagvkryv7zecswxkm0y02ynk086xeet5gkkdn5q92q7wdj6wc5srym6dn


live free! Touch grass!


go for it, sir. Touch grass


GN fellow Bitcoiner:
Tonight's drink for my best friend who is visiting me right now - Mai Tai

1 oz Plantations Barbados 5y
1 oz Plantation Fiji
3/4 oz dry Curacao
3/4 oz lime juice
1/2 oz orgeat
saline solution
mint bouquet

nostr:npub1y0gaju64gxtw2utz9dud9ju9nlg7k4u7yq5exkxrcw85myplzdlsf5jxa0 chose the tiki mug nostr:npub16secklpnqey3el04fy2drfftsz5k26zlwdsnz84wtul2luwj8fdsugjdxk
you like that one?

#grownstr #growstr #nostr #nostrich #pleb #plebs #plebchain #cocktail #daiquiri #drink #drinkstr #experimental #creativity #love #summer #leipzig #germany #weekendvibes #tiki #maitai

https://m.primal.net/KhKK.jpg


Delete your platform accounts. No fuss. No spectacle. No grand finale, no great exit. Leave their houses, leave their prisons, leave the golden cages behind. They all benefit from the noise that you make, so do the one thing that they can't censor. Be silent. Leave. And leave the noise behind.
https://image.nostr.build/aa509b35ba1d3223953fc94ef29693d0a35359e6c7b4fd3de9ebf959b040b3f5.jpg


gm sir


he confessed @ nostr:npub167n5w6cj2wseqtmk26zllc7n28uv9c4vw28k2kht206vnghe5a7stgzu3r that he's _almost_ purple-pilled now. He'll come here too, in time


save yo-self


gm!


This is where we all end up eventually, and why you get along with supposedly (far-) right-wingers -- or, in my case, I get along with woke anarcho-syndicate type anti-capitalists.

It's almost as if The Progressive Bitcoiner podcast needs a rebrand...


I mean, I always assumed you were a libertarian with a strong social ethos (ie, the definition of a Bitcoiner progressive) so this doesn't surprise me.


The more I think about Nostr the more it blows my mind.

I can just say whatever crazy shit I want and there’s like no guardrails or mods—it’s just out there, and people will actually see it.

No one appreciates just how powerful this is, how important it is, monumental even.

It creates a totally new possibility for the social web, which is really something else entirely. It’s the possibility of a new world in which people own their data; their information. No longer to be exploited, or owned, people can really say whatever they want.

And that is truly extraordinary.


100 squats a day til 100k.

The 58k gang is going to get us in shape.


yo sweet! if a fellow pleb wants to help out -- who do I talk to?


gm -- welcome back!


Bitcoin
Tor
Nostr
Ecash
Torrent
Signal

What a life.


There's a change in the making.

"Now people receive their information via unstoppable, decentralized freedom networks like Nostr, share encrypted messages over programs like Signal, and hold their wealth in unstoppable, decentralized monies. Additionally, people increasingly acquire their sustenance from local growers and tell the IRS squat about it. More people than ever—somewhere between 5% and 10% of American schoolchildren—are homeschooled. The new world unfolding is slowly making the legacy one obsolete."

nostr:npub1fk8h6g8zhftw8c7pga2zjd84p2z949up5lc3qdchm9v4m0q7mwws7jcwld
nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y

https://mises.org/mises-wire/review-bitcoin-inverse-clown-world

#politicstr #nostr #plebchain #livefree #grownostr #mises #bitcoin

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


Keep up the good work.

Small light of hope in a broken, corrupt, defunct system #schooling #freedom #kids #nextgen

nostr:note1jqkx6nfcy5u5w72gw99e5jsw9eqtvyx9efej9gfuc87dgwgd9rqq5kjshq


“Everything you read makes sense if you simply translate ‘experts’ as ‘crazy people’.”

— Marc Andreessen https://image.nostr.build/505f8a1bb70f029f31cbf868f301c1f0fa1e1b6d0406cca10f617d75ae6fa962.jpg


gm #coffeechain


gm. important message, important meme

nostr:note1wx7rkzkexn87m80qcev6k9y7v48de6t27ucht5ztk9fgcatl3zaq5msdml


Still the "then-they-laugh-at-you" phase:

https://m.primal.net/KVRQ.png
https://www.ft.com/content/3821ff74-e695-4004-b691-a920ee908996

#econstr #bitcoin #legacy #plebchain #nostr #freedom #future


gm


Just had an amazing interaction with a based (and clearly autistic) bag boy at the grocery store.

As he's bagging away at record speed he says " CORPORATE REQUIRES ME TO GIVE THIS FLYER TO YOU BUT I WANT TO LET YOU KNOW THEY ARE NOT LEGALLY ABLE TO FORCE ME TO PUT IT INTO YOUR BAG AND YOU DO NOT HAVE TO ACCEPT IT."

Then he holds up this "get your free flu shot!!!" flyer and I'm like "appreciate it man, you clearly read the fine print" and he responds "NO I DID NOT READ THE FINE PRINT BUT I THINK IT IS MORALLY WRONG THAT THEY ASK US TO SNEAK THESE INTO YOUR GROCERY BAGS. WE SHOULD NOT BE DOING THAT."

So I'm like "good looking out man, definitely don't need the flyer."

And he's like "GOOD. THEY CANNOT MAKE ME PUT IT IN YOUR GROCERY BAG."

And I'm like "appreciate you fighting the good fight."

And he's like "YES."

And by this time he's finished bagging everything because he's fast as fuck, and then out of nowhere he's like "AT LEAST THIS LATEST BATCH OF FLYERS DOES NOT SMELL LIKE DOGSHIT."

And the cashier is like "you probably shouldn't say that in a grocery store dude."

And he's like "BUT THEY DID SMELL LIKE THAT. I BELIEVE IT WAS THE INK THAT THEY USED."

Anyway, just wanted to share this story because it's a great reminder that YOU DO NOT NEED TO COMPLY WITH BULLSHIT, NO MATTER HOW SEEMINGLY SMALL, AND HAVING A TOUCH OF THE 'TISM CAN OFTEN HELP YOU SEE THROUGH THE BULLSHIT.


congrats, man. best of luck to you both


worth your time

#bitcoin #monetaryecon #econstr #educ

nostr:note14lmxez8vvwvyy2rm8q7p3fcen7hm7ssynwuvskymtkatju76y6kqsjxt5c


GM


The studio is ready, Danny's flights are booked, and next week we’ll begin recording episodes for our new podcast.

I wanted to share the reasons behind this shift as many have been asking. Three primary factors influenced this decision:
1. I hate making remote shows—I never want to do them again. These interviews need the intimacy of being in person.
2. Traveling constantly has been detrimental to my health and my family.
3. My commitments here with the football club and local community are growing.

So, the solution was clear: build a studio in the UK and produce the show locally.

We’ve secured a fantastic space in Soho, London, and we’re ready to go but given the limited number of Bitcoin guests available in the UK or those willing to fly in, it’s time to retire What Bitcoin Did.

Our new podcast will be similar in feel but will cover a broader range of topics. While some episodes will focus on Bitcoin (though less frequently), most will explore other interesting topics or people.

Having made nearly 900 episodes covering a wide range of #bitcoin topics and guests, we’re now aiming higher. By diversifying our content and guests, we hope to introduce more people to the concept of sound money through podcast osmosis. If we get this right, it will be a bigger show, if we get it wrong, well we tried.

For a long time I have felt there is a need to get out of the #bitcoin corner of the party. Real Bedford FC was a way of integrating sound money into a traditional business model. CheatCode purposely did not include Bitcoin in the title, so changing the show feels like a natural next step.

Sometimes when stuck in the #bitcoin landscape you can lose site of how other people in the world think, lose empathy for the complexities of the world. I have felt this. I'd come home from spending two weeks with Bitcoiners and be with friends and family locally and notice a distinct difference in how we see the world. As everything feels like it is going to shit, I feel like there is a bigger job to do now.

The Bitcoin podcast landscape is well served, from Marty and Odell to Natalie and Preston, from The Blue Collar guys to Stefan Livera and anyone I haven't mentioned. There’s no shortage of high-quality Bitcoin podcasts.

However, there seems to be some fatigue in the space, with similar guests and topics being revisited. With our new show we want to bring fresh perspectives and ideas, aligning with sound money where relevant—think of the shows we’ve had with the likes of Eric Weinstein and Michael Malice.

On a personal note, I’m need the challenge, test myself wider, get fit and find a good woman. I can't do this travelling all the time.

When I started the podcast my life was a shit show - divorced, coming off drugs, heading towards bankruptcy. I've had an incredible 7 years, travelled the world, made amazing friends and got to live my dream by buying my local football club.

To everyone who has helped us get this far - the guests, the listeners, the sponsors, we could not have done this without you. I am forever in your debt.

I hope you’ll check out the new show and enjoy it, though it may not be for some of you. Regardless, Danny and I will work hard to deliver the best show possible, like we always have.

Roll on The McCormack Show!
https://m.primal.net/KRYi.jpg
https://m.primal.net/KRYj.jpg


hot daaaamn.

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

#politicstr #nostr #freedom #rebellion #livefree #outout #exitnotvoice


Coming soon to a free country near you https://image.nostr.build/7c5cf8c5bc6f6c7cb46198803479c3887115b7dec8dde92f6dfb8f3c33a8e82e.jpg


psst, nostr:npub1nz4y6dxnt0kzvgyhyvwnqklpennhv20dgly4c5gnpx4aa6ns08vqr8kkgx nostr:npub16secklpnqey3el04fy2drfftsz5k26zlwdsnz84wtul2luwj8fdsugjdxk


welcome, champ!


So, nostr:npub1unmftuzmkpdjxyj4en8r63cm34uuvjn9hnxqz3nz6fls7l5jzzfqtvd0j2 and the nostr:npub1v5ufyh4lkeslgxxcclg8f0hzazhaw7rsrhvfquxzm2fk64c72hps45n0v5 team just shipped an awesome integration with #nostr. Lovely to see how, in time, everything comes to Nostr.

Don't want to be greedy -- and I'm definitely asking for a friend nostr:npub1nz4y6dxnt0kzvgyhyvwnqklpennhv20dgly4c5gnpx4aa6ns08vqr8kkgx -- but when can expect a **Trim Silence** feature, like on Pocketcast?

Thanks for you work!

https://m.primal.net/KKVl.jpg


Favorite THE Bitcoin Podcast @titcoin episode: with nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pf from a few months back. There's probably an even better one out recently, but nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u ships faster than I can listen so who da f knows.

#fountain #bitcoin #bitcoinmedia #lifeofapleb #grownostr

https://fountain.fm/episode/4EMHvz9Vu4eIahuktIhY


I'm still just manually copy-pasting some of my articles there. And somehow I can't get hyperlinks to work.

I need an Authory-like service that automatically  reprints publications on Highlighter. Cmon, #grownostr #nostrich entrepreneurs, build me one!

https://highlighter.com/joakimbook@primal.net


We may think it is irrational for Bitcoin to go up or down because of the words of a central banker, but Bitcoin was created to reward or punish human actions.

Bitcoin punishes the creation of money.


will watch. Right fucking now! #grownostr #plebchain


let's be honest: you won't back. #nostr for life


if you're not HERE, what are you even doing? #Nostr #grownostr #plebchain #future #progress

nostr:note17sk5c69qsflxhpzpmg49t597tpu4ds9tyl4f0pz39wc48l5vn5rs8ra4j7


How to make your girl work out with you? _Trick  her_ into a partial cuddle session.

Also #pushups:

10 x knuckles
10 x regular
10 x regular
5 x regular
5 x regular (with 10kg weights)
10 x regular (with 10 kg weights)
5 x regular (with 10 kg weights)
5 x regular (with 10 kg weights)

[pause]

5 x regular
2 x diamond
3 x diamond
10 x wide-armed
5 x regular
4.5 x regular with weights
4.5 x regular with weights (yes, WE'RE DYING OVER HERE!)

remaining 6 regs just to finish.

very difficult today!

#proofofworkout #postr #100pushups #100adayuntil100k #workout #coreday

https://m.primal.net/KJBJ.jpg


yes.

nostr:note109uxk49txpqqg37d0u5eueyd5lpcsswps0uqwwkhmll7acve5s0qx32d43


my lunch is better than y'alls. (can teach you, but I have to charge)

#foodstr #plebchain #villagelife #beauty #meat #apple #localism #Sweden #goodlife

https://m.primal.net/KGiR.jpg


"This is probably a good time to get outside, touch grass, and think about living free lives that don't require the cooperation of what has become of America's political parties."

https://reason.com/2024/07/19/libertarians-are-more-politically-homeless-than-ever/

#politics #nostr #getout #optout #leave #exitovervoice #plebchain #nostrlife #America


Wokeness is dying but not nearly fast enough


gm forever


Really loved writing this piece.

How I see size making a change to harmony of society and social relations.

The efficient size of pretty much everything has shrunk. Technology is allowing smaller constellations to exist. With smaller units, there's naturally more responsibility, transparency and accountability.
We have identifiable people, friends, and neighbors, rather than faceless corporations and bureaucrats or elected clowns in far-away capitals. The visible taxation for which we hardly see much goodies is exchanged for visible money flows in the here and now.

Even if we create fewer public goods -- or they become individually more expensive for us -- they are honest, real, and accountable. Instead of turning our friends and neighbors against one another as perennial parasites leaching off one another's work, we remain friends and neighbors with shared interests.

The future allows this. The efficient size of cities and social communities will shrink.

#nostr and #bitcoin are crucial parts of that. #econstr #education #publicgoods #freedom #libertarian #opensourceeverything

https://highlighter.com/joakimbook@primal.net/Public-Goods-in-a-Free-Society-odjrsi
https://www.aier.org/article/public-goods-in-a-free-society/


*Woosh, woosh, woosh*.

The helicopter blades cut through the crisp summer air, and the thundering roar of the engines echoes through the mountain valley. A handful of workers 1,200ft up the mountain stand ready to put in place the massive steel barriers lifted there by the chopper. All day, for a couple of days in a row, these teams of engineers, construction workers, and skilled pilots moved a few dozen huge barriers from the airfield on the other side of the valley to the steep slopes above the main portion of the village.

Watching the helicopter make its hypnotic journey has me thinking about the public finance implications of constructing and maintaining avalanche protections.

Certainly, the literal value at risk is quite extreme: the thousand-odd inhabitants of my little village have plenty of houses and cars and belongings — not to mention their own, invaluable lives — as well as the major businesses in town (hotel, harbor, church, offices) in the way of potential avalanches. Most of us stand to lose a lot if a snowy flood descends from the ominously steep mountain above us.

It makes plenty of financial and economic sense to expend labor, raw materials, and a decent amount of fossil fuels to erect this protection against the elements. Tail-risk insurance against nature.

But avalanche protection, like defense or streetlights, is what economists classify as “public good,” being both non-rivalrous and non-excludable. Once in place, an inhabitant like myself cannot be prevented from benefiting from the service, whether or not I financially contributed to its construction or upkeep.

Thus, says elementary public finance, an otherwise well-functioning market of prices and individual private property fails to provide (enough) of these goods. With an insufficient amount of protection, our village will have too many avalanches damaging too much property. The reason is that a profit-oriented entrepreneur cannot recoup his or her investment since once provided the good is non-excludable and the business can’t charge for the service.

On the other side of that transaction, consumers, who backward-induct that they’d be protected regardless of how much or little they contribute, have a strong incentive to shirk (free ride) — and receive the benefit anyway.

Because the market supposedly fails, the government is justified in saving the day by taxing everyone fairly, and supplying just enough of these goods to maximize a benevolent social planner’s utility function.

The age-old question is, of course, how this social planner knows the relevant quantities. Market exchanges are expressions of marginal value: this much extra protection for that much extra money. The government doesn’t know these quantities. Interventions, writes Guido Hülsmann so eloquently in his book *Abundance, Generosity, and the State*, “reduce the ability and willingness of private households to make gifts.” He continues: “In a private setting, these problems are moderated by the limits of private property. A private donor will wish to make sure that his donation really achieves its purpose, and he can stop funding any projects that are contrary to purpose.”

Government involvement removes all that, puts unaccountable bureaucrats in charge, and blankets the financing across a wider taxpaying area. Where I live, tacked onto every citizen’s insurance policy is a percentage tax, destined for a fund to deal with these matters.

To no surprise among those well-versed in political economy and public administration, it turned out earlier this year that from the tax levied specifically for protective works, some 40 percent goes straight to the Treasury — and not to the fund tasked with flood and avalanche protection. Even under this supposed solution to a market failure, we’re getting less public goods than we get shafted for. Like many other well-intentioned public finance policies, in time they turn into pure money grabs.

I approve of this spending of money. I’m happy that these workers and the committees and decision-makers opted for spending money on *my* protection (they could have spent it elsewhere, and my tax contribution would have been a pure redistribution). I like it so much, indeed, that I’d be willing to contribute myself — many multiples of the $10 my insurance company levied on me for my pittance of a policy, and *much* closer to the $1,000 or so that the per-person expenditure of the fund would have amounted to among the municipalities and villages for which they were erecting avalanche protections in the last decade. (Accounting for the disproportionately at-risk physical assets run by big companies in the village, the average household would likely be on the hook for much less.)

Centralized government financing takes away the ability for people to express their values monetarily. I can’t “overpay” the surcharge, can’t tip the workers or pilots for a job well done. The outsourcing of decisions, financing, and responsibility alienates citizens from the issue. I am annoyed at the $10 taken without my explicit consent but would have been proud and excited to contribute to a locally organized avalanche protection — even if the exact amount would have been much higher.

Why, just put out a call for citizens to contribute? We have Facebook pages and regular local newspapers and booklets, and the old-fashioned word-of-mouth. In *How Economics Can Save the World* Erik Anger, of Stockholm University, tells of a local swimming society that funds itself mainly through competitive overbidding on homemade jams and pies, made and organized by the locals. Strong communities and a shared sense of purpose can compensate fully and sufficiently for the supposed underproduction of public goods.

Suppose, then, that there isn’t enough funding for some proposed version of a community project. Then we can either individually tell people to donate more or realize that insufficient funds raised is the populous saying they don’t actually value the additional avalanche protection received over what else they could be spending their funds on. The (e)valuation — willingness to pay — is the very limiting factor in deciding *how much* of a public good ought to be provided.

Such accountability drowns in the major political questions of a larger, centralized country, where local governments end up bidding against each other for projects from the central honey pot.

Another example of the same public finance themes of risk-reward is a prospective tunnel through the mountain. One of the two roads out of the valley squiggles around a steep mountain cliffside, unstable and vulnerable to landslides. The central government recently said a tunnel to cut out the dangerous cliff is a priority.

Over coffee with a neighbor when I first moved here, I was told that he much approved of a tunnel but didn’t want to pay a toll for passing it. It’s an extra difficulty, he said, and it’d be unfair since the people in the capital are richer than those residing in our little village. But why does that matter? He, and other villagers like him, are the ones benefitting the most from the potential tunnel.

No matter what the optimal or suboptimal quantities of public goods are, what the existence of a third party far, far away does to local affairs like this is to outsource the cost and the responsibility.

It’s time we radically shrunk the size of the state, such that responsibility and financing of collective affairs rest squarely with the local people that most benefit from public goods — whether or not they be underproduced compared to some idealized blackboard model.

\--₿--

Originally published at the American Institute for Economic Research\
https://www.aier.org/article/public-goods-in-a-free-society/

Published at the American Institute for Economic Research, blockheight = 857590
https://www.aier.org/article/public-goods-in-a-free-society/

--₿--


homemade rhubarb liqueur, with a view

#summertime #sweden #countrylife #drinks #drinkstr #plebchain #happylife #latesummer #green #cocktail

https://m.primal.net/KEuH.jpg


contradictory? Mutually exclusive?


bullish

nostr:note1fv8wap3atuj8s2dg7t26klpgct0ymxrvasse3dz2ck6yjr5mzdvsjv7yje


gm


yep -- and the brains!


educating my girl in Swedish crayfish party.

Happy August, everyone

#Sweden #crayfish #foodstr #nostr #Sunday #dinnerstr #food #orangeparty

https://m.primal.net/KDgX.jpg
https://m.primal.net/KDgZ.jpg


Hashtag #democracy #civilization

nostr:note1crqzkxttzppqe9d5s2ewxlvgu33tpt9g3tdvpzfr9wnzpvwxa9mqzjssma


This

nostr:note1jq4ft3t5qv6x2nhdexadthtl5uaj0s2a0j56w08my5dqe7d0nkcs3slhhl


truly:

nostr:note1qcw5jys7tyzvssdlfx2y09ermnu4zm72q84qpwu75wyqj8v6868qvdwvnr


Here's my profile for Reason on Nostr and why it could very well change the world

Pasting a few paragraphs here, you can find the rest at the link

Feel free to spread far and wide 😉

*************

Can Nostr Make Twitter's Dreams Come True?

Twitter's founder says Nostr is “100 percent what we wanted”—an open, ownerless network

Alex Gladstein | 8.13.2024

Virtually everyone agrees that social media is broken. On Facebook, X, Instagram, and TikTok, people fear out-of-control algorithms, fake news, state actor censorship, and propaganda. Google and Meta collect vast troves of personal information on their users and receive hundreds of thousands of requests every year from governments around the world to access that data. YouTube has become arguably "the most powerful media platform in the history of humanity," yet its algorithm is an ever-changing black box to the creators that populate the platform with videos. During the pandemic, federal officials were in contact with every major social media platform, coercing them to remove content.

The problem is centralized control. We can't trust companies to run our primary communications infrastructure. Government regulation only makes matters worse because it creates new legal barriers to entering the industry, which protects incumbent players and stifles innovation.

What if there were an alternative, not owned by Elon Musk, Mark Zuckerberg, or the Chinese Communist Party? What if there were a way to control your own data to prevent companies from harvesting and monetizing it? What if you had granular control over what you see in your feed, with the freedom to choose your own algorithms? What if you owned your identity, which could be accessed seamlessly across different clients? That way, if you disapprove of the changes that Elon Musk brought to X, instead of closing your account you could take your handle and followers elsewhere.

That alternative exists. It's called "Notes and Other Stuff Transmitted by Relays"—or Nostr.

The Decentralized Solution

Invented by a pseudonymous programmer and overwhelmingly funded by grants from non-profit foundations, this decentralized, free, and open-source protocol has been quietly evolving for the past three years. Like bitcoin, Nostr is a community-run digital network highly resistant to censorship and corruption. It has 40,000 weekly active users and a growing ecosystem of clients and applications ranging from social media to long-form publishing to payments.

Nostr is only necessary because our existing internet is so broken.

Fifteen years ago, social media seemed destined to decentralize the world and give power back to the people. In 2009, we watched as Arab Spring activists used Twitter and Facebook to organize, coordinate, and help topple several long-standing dictatorships. The promise was that these new social platforms, designed by Silicon Valley entrepreneurs, could help liberate the masses.

It was intoxicating—but turned out to be a mirage. The Arab revolutions stalled out when brutal military regimes cracked down. These platforms became tools for spying and censoring their users. X and Facebook have helped journalists and human rights activists reach bigger audiences, but they haven't fulfilled their revolutionary promise.

Jack Dorsey's Shift from Bluesky to Nostr

This was a major theme at the 2024 Oslo Freedom Forum, which is put on annually by the Human Rights Foundation, where I serve as chief strategy officer. At this conference for democracy and human rights, Twitter co-founder Jack Dorsey told the audience that the problem was, actually, guys like him: The very fact that Twitter, now X, has a CEO makes it a single point of failure. Governments routinely pressured Dorsey to censor content; once the company's offices in India were raided. Dorsey says that under the new Musk regime X complies with whatever governments want.

The X network is proprietary. Known as a "silo," this construct traps a user's identity, followers, and data. X also has the power to evict anyone from the platform and delete what they've written. Several years ago, when he was still running the company, Dorsey became convinced that Twitter should become an application instead, where users could post content to an open, ownerless network. This would make it similar to how bitcoin works, where you use an application called a wallet to interact with the network, but the network itself is neutral and open.

Building a non-proprietary architecture was Dorsey's original vision for Twitter, but over time the need to maximize revenue to build a business and serve shareholders undermined that goal.

Nevertheless, in 2021, Dorsey encouraged the creation of Bluesky—an initiative bootstrapped in-house to create that open neutral base layer. But after Musk bought the company, the managers of Bluesky were afraid they would run out of money and started raising funds from venture capitalists, which undermined the vision of building an open platform. Dorsey grew disenchanted and left the Bluesky board.

At the conference in Oslo, Dorsey explained what happened next:

I asked a question: What open source initiatives should I be funding that would be helpful to the public internet? And people kept tweeting at me that I should be looking at Nostr. I found the GitHub that described it and it was 100 percent what we wanted from Bluesky, but it wasn't developed from a company. It was completely independent. Its paper diagnosed every single problem we saw and had. But did it in a grassroots and dead simple way, that felt like the early Twitter where any developer could get on and really feel it.

Escaping the 'Golden Prisons'

Nostr was created in 2020 by the pseudonymous Brazilian programmer fiatjaf, who describes it as "the simplest open protocol that is able to create a censorship-resistant global 'social' network once and for all."

Though nobody is in charge, Nostr works as promised and is thriving. "It is the solution we've all been looking for," says Miljan Braticevic, founder of Primal, one of the two dozen plus clients now available for the Nostr protocol. "Nostr is not a Twitter competitor or a Mastodon competitor. This is the biggest misconception at the moment. That's just the tip of the iceberg. Nostr is nothing less than the foundation for the new internet. Meaning almost every conceivable app we have today will be built on Nostr."

Braticevic's prediction is echoed by at least a dozen other prominent developers. Martti Malmi, the first coder to work on bitcoin alongside Satoshi Nakamoto, is now a Nostr developer. In a recent talk, he said he had started to work on similar ideas around decentralized identity in 2019, only to come close to giving up. But then he found fiatjaf's invention, which he called a "godsend."

"Bitcoin is freedom of money, and Nostr is freedom of everything else," Malmi said. "I was there" in the earliest days of bitcoin, "and Nostr is even more intense."

For something that could be world-changing, Nostr is quite simple. To join, you sign up with a mobile or desktop client, which helps you to create a public and private key pair. The public key (or "npub") is used as your identifier, and you share it with clients and other users so that people can find your posts or pay you for your content. The private key ("nsec") is hidden by the user, stored safely (just like a bitcoin seed phrase), and is your way to log in to different services. Unlike platforms like X or Facebook, no other information is required to set up and use Nostr.

This gives users a powerful range of sovereignty. You can use a client, for example, that has strong hate speech controls. Or you can choose one that doesn't have any at all. You can use a client with aggressive algorithms, just like the ones X uses today. Or you can use one without any algorithm at all. Today, when you log in to an app like Primal, you can sort your feed by what's the latest, by what's most popular, by what's most zapped, or by customized keywords. It's up to you.

Last month, the macroeconomist Lyn Alden, author of one of the best books on bitcoin, published a long essay about Nostr's potential:

[Nostr] is a simple set of foundational building blocks that, if widely adopted, could gradually reshape "the Web" as we know it. Instead of a separate set of siloed social ecosystems, we could gravitate toward a more interoperable set of ecosystems, with more of the power dispersed to the content creators and to the audience, and away from the middlemen corporations.

The Nostr network is constructed like a spider web that can morph and regenerate, making it almost impossible to censor. When you set up a client on Nostr (perhaps, Primal or Damus on iOS; Amethyst on Android; or Coracle on the web), you choose from a variety of relays to connect to. This architecture ensures no single point of failure: If you are connected to seven or eight relays, and half of them choose to censor posts, your feed remains censorship-free, as your app will display the net sum of everything broadcast from each relay. If the Chinese government decides to attack your relays—as it did in 2023 when Damus launched on the Hong Kong and mainland app store—then more can be spun up. "The enemy," said Damus creator Will Casarin, "is too numerous."

Prominent bitcoin developer and educator Gigi—who switched to Nostr and deleted his X account—says that what helped it become so resilient is that it has zero exit cost. If the Chinese Communist Party bans YouTube, its domestic users lose everything. There's no way to get back their profiles and followers. The same is true if a user voluntarily closes an account.

Gigi calls these corporate silos "golden prisons" with no escape. Nostr's spider-like architecture makes escaping easy. If one client goes down, or you fail to connect to one relay, you just find another client or connect to another relay. You keep your posts, photos, preferences, contacts, and even algorithms of choice. If you use X, you are an X creator. But if you use Primal, you aren't a Primal creator, you are a Nostr creator.

https://reason.com/2024/08/13/can-nostr-make-twitters-dreams-come-true/


Trump came out better than Elon in this discussion, imho.

Minimal gaffes from Trump. He strategically took the moderate approach here. Elon fished for outlier opinions and controversies but Trump used Akido on them and dominated the discussion. One might like or dislike Trump's positions but in this particular appearance the gaffes were minimal and the positions were purposely moderated and careful.

This was basically the opposite of the Elon and Jordon Peterson interview. In that interview, Elon clearly entertained Jordan and outmaneuvered him. Elon barely wanted to be there. Jordon looked silly.

In this interview with Trump, Elon basically cucked himself for Trump. He knows where his business bread is buttered: Xi, Modi, Erdogan, and whichever US president has momentum.

But meanwhile, for those who say I am biased against Elon, I'm on *his* side for the EU and UK activity against Twitter. Elon is absolutely right there. The only proper American response there is to fuck off. And his memes have been great against Thierry Breton and others. UK and EU should get rekt on that front. I'm pro-Elon there, which is not common outside of SpaceX which is great.

But the proliferation of Nostr would beat all of that latter part regarding communication. It's good to push back and meme against Thierry Breton. Tell him to get rekt. It's even better to make Thierry Breton irrelevant by making it so that he can't send his Karen-like letters to anyone, since Nostr has no CEO, as we swarm around him and invite Britons and Europeans to join us.

Anyway, good evening.


don't be a bitch.

#nostr #wisdom #modernphilisophy #learnBitcoin #studyBitcoin #bewell

nostr:note18zh35cfna035k0z4emwl0r4vlu2jhz5hn33ql5ldg9rzws07p7js09af36


Nostr CEO was unreachable, so 🇪🇺 sent only Elon a note.
https://m.primal.net/JxYE.jpg


wisdom

#bitcoin #disagreeableness #coffeechain #coffee #plebchain #personalitytrait

https://m.primal.net/JxSz.jpg


yes, that's very possible. And I should cut Jason some slack since he (inadvertently?) capped Libertarian. Yes, party members are jokes and false-flag.


ah, for fuck's sake nostr:npub1dc84762hpnp0y4jcvjcgwt8l7sepng93j3hg63hfm80ph6kt82eqktjwqd:

"Some of these people are Libertarians who are fully committed to individual freedom, but are unwilling to respect a person’s gender identity"

Why is this the hill to die on? And you know perfectly well that libertarian ethos have to do with _state power_, not the delusions others have about their sex.

https://bitcoinmagazine.com/culture/trump-and-the-future-of-bitcoin

#trump #BMopinion #politicstr #plebstr #genderdysphoria #trumpmania #TDS #Bitcoin


I've been working all summer on a long read for Reason Magazine about Nostr.

It comes out in a few days.

Really excited to share it with you all!


not enough and none of your goddamn business!

#bitcoinethics #Bitcoin #freedomrev #twitter #legacyworries #oldworld

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


GM https://image.nostr.build/502c56dd3c93c8d407a0d25dda338d79dc0aaebb2478133e8a19b2ef9ec5e62f.jpg


GM


...yet.


“The majority of all populations in all countries are lulled and brainwashed into believing that some people have the right to make decisions for others.”
nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y


“The majority of all populations in all countries are lulled and brainwashed into believing that some people have the right to make decisions for others.”
@`Knut Svanholm ∞/21M`


“The majority of all populations in all countries are lulled and brainwashed into believing that some people have the right to make decisions for others.”
 nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y


HUMBLE AF TODAY.
Touch grass.


Since the finance sector of the economy (investing, lending, payment processing, etc) just enables other things we more directly care about, the more efficient it is the smaller share of economic activity it should be.

Ideally the financial sector should be a half or a quarter of its current share of GDP. It should slip into the background.

The financialization of everything is largely attributable to bad money and bad structural incentives.


less woke


In-credible. I don't beeeelieve it!

nostr:note1xcdff8vqgyuq48eqtgx6ygkesu5fa8drjmsxkwmp9skd6ny5w5nspf47ys


Nono, I just meant if you had been writing/saying something special that had peeps riled up that I wasn't aware of.


been mostly off screen for a week or so -- were you out saying controversial things etc., or was this just some random wave?


what a clown. Bitcoin derangement syndrome


ah, go away. Jeez.

libertarianism (and bitcoin) is about ownership and property.

transideology lives in social sphere. Nada que ver

https://bitcoinmagazine.com/culture/in-defense-of-bitcoin-culture-


"_cold_?! How do I get some cold?"
https://youtu.be/YHjYt6Jm5j8?si=5sLSytsVFNH8f1Su


Most people who I know that think the CIA invented bitcoin, are not very familiar with the pre-history of Bitcoin including work by Back, Szabo, Finney, etc.

I'm not saying that certainly no intelligence agency created Bitcoin, but rather, I'm very skeptical of the certainty that many people have around that topic.

Because, when you are somewhat familiar with that pre-history and look at it from an engineering perspective, you can clearly see the pieces gradually falling into place. In the1980s there was work by Chaum about how to build a database run by mutually suspicious entities. In the 1990s there was work by Back for proof-of-work. As things moved into the 2000s, there was Szabo's Bit Gold, which is very similar to what Bitcoin ended up being, and Finney's Reusable Proof of Work "RPOW" tokens. Finney hadn't solved the centralization issue, and Szabo hadn't solved the issue of better computation causing supply inflation over time, but they were collectively within shooting range of the solution. Others as well. Meanwhile global bandwidth was getting better, encryption in general was getting better (and there we've got an actual intelligence agency contribution), etc.

And then Satoshi added to that work, including the difficulty adjustment in particular and many other details, with a full implementation.

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.


pitched #nostr to a summer crowd of classical liberals. 30 people, well versed in history of ideas and current affairs, never heard of #nostr.

Now they have.

#grownostr #introductions #freedom #freedomtech #sweden #Malmö

https://m.primal.net/JmiE.jpg
https://m.primal.net/JmiD.jpg


Not a good take.

https://bitcoinmagazine.com/culture/occupy-bitcoin-bitcoin-is-not-just-libertarian

As a political philosophy, libertarianism says nothing about respecting others' views and lifestyles -- let alone celebrate and cherish stupidities and absurdities. It certainly doesn't prescribe us to live and let live.

It says we MAY NOT USE VIOLENCE (= esp STATE coercion) to enforce beliefs we may have onto others.

It doesn't say I have to be nice. It doesn't implore me to be compassionate. It doesn't mean I have to respect and allow into my home dispicable and degenerate shit.

I can insult you all I want. I can refuse to engage with you because you're ugly, vegan, "autistic," or believe that Bitcoin is compatible with leftism. I can ridicule your pathetic ideas or lifestyle, in public or in private. I can tell nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde off for thoroughly misunderstanding what libertarian means or what its philosophy or ethics prescribes, or nostr:npub15dnln6cukw3yrflnv3hnrntdt9amh0uw466u6tns05ymqp3nal4qzz3lfc who certainly should know better.

Libertarianism is a non-smart contract: it asks about physical violence, initiation of force, and state power. Nothing more.

The rest-- religion, etiquette, values, behavior -- it relegates to a social level.

Living in harmony with others doesn't mean to embrace any odd retarded thing they do or say. it means to NOT throw them in jail for it

#bitcoin #polecon #polstr #bitcoinmagazine #freedom #libertarianism

nostr:note1as4a56czrpzw9cs7gkpeqckxhx7sn36ct5nsw6f9p25qz7q9cjds4vka5m


unless you define "respect" to mean "not throwing in jail," this is false.


Totally.

#Bitcoin changes _us._

nostr:note19mw0jrl49tl3zmrketchgm3kfluc96na26k5p4yk7tvg95eya23sazn0c7


GM


The more I think about the bureaucratic and enforcement costs of a (well-calibrated?!) carbon tax, and the more I realize how fantastically important fossil fuels are, the more I'm thinking the optimal carbon tax is negative.

Yes, probably negative. Fossil fuels are so god-damn important for human flourishing.

#econstr #fossilfuels #politicstr #future #postclimatenonsense

Vance Ginn, at AIER:
https://www.aier.org/article/the-economic-folly-of-a-carbon-tax/


who u callin loser, eeeh?


Yea, this. __I have seen the things you celebrate, your scorn means *nothing*__

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

Actions speak louder than words, etc.


much better question


ok, but look at the literal crap in their cart!


Too weak, too slow, too many breaks.

But we got there. #100pushups #workout #fitness #masculinity #100aday #100adayuntil100k #nostrplebs #dohardthings #sunset #NoNashvilleFOMO

https://m.primal.net/JgML.png
https://m.primal.net/JgMO.jpg


Reeee-taaar-deeeed.

Imagine being an _economist_ (i.e., someone who studies markets) and thinking there should be LESS MARKET and MORE STATE around. https://m.primal.net/JgJC.png

Christ, our civilization went to hell in a handbasket.

https://www.nzz.ch/meinung/berufsstand-mit-linksdrall-in-der-oekonomie-waechst-die-staatsglaeubigkeit-ld.1841053

#econstr #plebchain #news #degeneracy #crazy