Caitlin Long rocks. Smart, positive, brave, persistent…

"Value honesty; don't lie." Another reason I am drawn toward Bitcoin. It's ethical money because it's informationally accurate. ______ “Aristotle emphasized the beneficial character of monetary exchanges, which facilitate and extend the division of labor. He merely denounced the practice of turning money into a fetish and desiring it for its own sake. The scholastic writers of the Middle Ages adopted by and large the same point of view, but they also went beyond Aristotle, who focused on the ethics of using money, by discussing the ethics of money production. The scholastics did not question the legitimacy of producing money per se. As in the case of using money, however, they stated that money production had to respect certain ethical rules. Nicholas Oresme and others stressed that all coins should be clearly distinguishable from one another. In particular, it would not be licit that a minter produces coins that by their name, imprint, or other features resemble other coins that contain more precious metals. In other words, the benefits of competition in coinage result from a strict application of the Commandment...: “You shall not bear false witness against your neighbor.” Excerpt from The Ethics of Money Production Jörg Guido Hülsmann

So, what do you all think about the Mempool (sitting at 163 blocks)? A good thing because it shows utilization / demand?

Premise: the Cantillon effect breeds conflict 👇 ------ “Money production therefore redistributes real income from later to earlier owners of the new money. As we have pointed out, this redistribution cannot be neutralized through expectations. Even the market participants who are aware of it cannot prevent it from happening. They can merely try to improve their own relative position in it, supplying early owners of the new money, preferably the money producer himself. This distribution effect is a key to understanding monetary economies. It is the primary cause of almost all conflicts revolving around the production of money.” Excerpt from The Ethics of Money Production Jörg Guido Hülsmann

I've never experienced the feeling of being so connected to developers before. They don't know me, but it's so cool watching as they create a product and bring value to the Nostr ecosystem in nearly real time.

My default ZAP amount is 42, because there is incredible meaning to all the Bitcoin / Nostr activity that we get to be a part of.

Can someone share with me the .gif / video clip of the value of currencies going down against BTC over time? It’s an animated chart, a black background, with bitcoin as an orange line moving across the top, and other currencies dropping down in value below it as they lose relative purchasing power over time. I’ll zap ⚡️ you 200 sats as a small thank you for being a helpful search engine : )

“On the fourth step to serfdom, the state said to me…” 🎶🪣🏦

“Don't think of it as BTC going to 1M. Think of it as 1M going to 1 BTC. Makes sense now, right?” (h/t @ProteinProsecco)

Would someone help me receive my first Zap? I’d like to break the bubble: lnbc10n1pjqhn9app54u0yraf9mpyhve9rajv9wrvfepuqc5uztlhlylamksuucc90ug3qdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5frxq4p657qqklaghmqy3erqgmfvjqyj3r5djckjd26fjff9kr33s9qyyssqj4uucjmuakuscsswazlh0h8x3zftv6u646dn43h3y3x9pty4cszr48xvpfa2j05prq6dgu0cws3d0v3yuz0ug6el45f0ers7r7hxatgpuuk93j

Add this book to your reading list. Download the free (legit) .pdf https://mises.org/library/ethics-money-production

“Who’s going to decide?” “That’s the bloody thing: Who’s gonna decide!”

A description of why being closest to the money printer is advantageous…. ——- “Consider the case of money production. Here too the additional quantities that leave the production process, when sold, first benefit the first owner: the producer. He can buy more goods and services than he otherwise could have bought, and his spending on these things in turn increases the incomes of his suppliers beyond the level they would otherwise have reached. “But the additional money production reduces the purchasing power of money. It follows that it also creates losers, namely, those market participants whose monetary income does not rise at first, but who have to pay right away the higher prices that result when the new money supply spreads step by step into the economy. “Money production therefore redistributes real income from later to earlier owners of the new money.” Excerpt from The Ethics of Money Production Jörg Guido Hülsmann

Was at a professional development conference this week. A breakout session on new tech touched on crypto / blockchain benefits to non-profits. The presenter, from TronDao, asked the group “What do you know about crypto?” An audience participant responded by quoting the release date of the white paper. Heard him talk and immediately knew… 🧡🟠⚡️🐝 🐇🕳️ Caught him after the session to chat. And that’s how I met an IRL fellow bitcoiner at a shitcoin presentation. Was awesome 😎