The US’ number one product is the Armed Forces. Otherwise this chart would not be possible. So many consequences, including the SVB bailout. Most other countries would not have been able to shift the burden to tax payers who will be on the hook for the required money printing.

Every single person in Washington is just kicking the can down the road, hoping things won’t blow up under their watch. More acronyms is all we get. Where are the Dagne Taggarts? The Howard Roarks? The lifeboat remains. #Bitcoin

Feels like billionaires are panicking most about SVB

Meanwhile, Saudi Aramco’s annual profit is the size of SVB’s balance sheet 👀😳

Bloomberg.com

Saudi Aramco Posts Blowout Annual Profit and Raises Dividend

Saudi Aramco unexpectedly increased its dividend and said it would hike spending as it looks to deploy an avalanche of cash generated by last year�...

With SVB on everyone’s radar I think Monday might be ok and the dominos will start falling later and in an unexpected corner. You can just feel that the game of chairs is becoming frantic and that something is deeply wrong. For the sake of our kids I hope we’ll emerge on the other side rather sooner than later and that we won’t see violence at scale. History suggests otherwise, unfortunately. #Bitcoin

Complaining about things others have built is so easy. Getting to the point where others start complaining about what you have built is very hard.

2008 vibes. Could be an interesting weekend. 🍿

You can be a Bitcoiner without owning any Bitcoin - you might not be able to afford any. Being a Bitcoiner is about ethics, believing in setting the right incentives, and acknowledging the fact that we need money nobody can fuck with in order move towards a great human future. I don’t see the need for the term “Bitcoin Maxi.” It’s an oxymoron. If you’re a Bitcoiner you know that all the other garbage is just reg-arb and taking from others on empty promises. Oh, and I almost forgot. Just owning some Bitcoin doesn’t make anyone a Bitcoiner. #Bitcoin 🦡 ⚡️

Silicon Valley Bank is the stone-agiest online banking experience I’ve had. Signs of a monopoly. Surreal to navigate that and then come to Nostr and ⚡️

#[0]​ ‘s rant starting at 42:45 on #[1]​ ‘s show has got to be the best PoW vs PoS rant ever. True orange 💊 material. #Bitcoin

Apple Podcasts

We Study Billionaires - The Investor’s Podcast Network

Investing Podcast · Updated Daily · We interview and study famous financial billionaires, including Warren Buffett, Ray Dalio, and Howard Marks, ...

#[0]​ would love a drafts section on #[1]

I find this fascinating. The fact that the Chinese writing system isn‘t universal likely prevented the take-off of the printing press in the eleventh century. "Even so, movable type did not make much difference when it was invented in China in the eleventh century, perhaps because of the usual lack of interest in universality, or perhaps because the Chinese writing system used thousands of pictograms, which diminished the immediate advantages of a universal printing system. But when it was reinvented by the printer Johannes Gutenberg in Europe in the fifteenth century, using alphabetic type, it initiated an avalanche of further progress." - David Deutsch, The Beginning of Infinity

What happens when a profile is “reported” in Damus? Anyone know?

This is the kind of clickbait nonsense I’d expect from a celebrity magazine. 🤦‍♂️

It’s hard but essential to stick to this: "We cannot be a source of strength unless we nurture our own strength." - M. Scott Peck, The Road Less Traveled

💜

Music on TIDAL

Rubén González - Siboney

Listen to Siboney on TIDAL

Excellent episode on the human (labor) fundamentals of nuclear energy. The more this is understood, the higher the likelihood humanity can ensure an increasing supply of clean and abundant energy into the future.

Apple Podcasts

Decouple

Science Podcast · Updated Weekly · There are technologies that decouple human well-being from its ecological impacts. There are politics that ena...

Getting zapped for the first time feels like that time when you got the first salary payment. Only better. ⚡️ ⚡️ ⚡️

Whoa #[0]​ this is so cool:

ZAPLIFE.LOL

A decentralized Craigslist running on Nostr

⚡️ #Bitcoin

Used to get up and read bird app. Still do that, but now Nostr comes first. Amazing ⚡️ energy here 💪💪💪