"In retrospect, it seemed silly that we'd been measuring value in variably-defined units. "
Imagine measuring distances with a stretchy, elastic ruler.
#Bitcoin
#Plebchain
Hedraios
hedraios@nostrplebs.com
npub1pt89...430z
#Bitcoin 🐇🕳️ ⚡️ [Keet.io] [Umbrel] [✝️ 📖]
I like the fact that Marty Bent wants to open a brick factory so that people can make buildings that last.
An interesting read for two reasons:
1) highlights the small victories won in court against warrantless surveillance, and
2) provides insight into how the IRS tried to implement new enforcements while also claiming they were not quite finished yet and therefore could not be challenged in court


Coin Center
Two victories in our fight against unconstitutional financial surveillance.
We won an appeal of the dismissal of our 6050I lawsuit and the draft IRS broker reporting forms no longer include software devs.
Since we're sitting at $218,000,000,000,000+ in unfunded gov't obligations, I think it's likely someone out there is not going to get what the politicians promised. Unless, of course, we can just make our great grandchildren pay for it [maniacal laugh].
**An unfunded government liability is a debt or obligation that a government has promised to pay in the future, but lacks the necessary funds to cover the payment, creating a financial burden for future generations.**
#Bitcoin
#Plebchain


What will happen when an expansive money like $USD gets crammed into a finite money like #Bitcoin
(1) I think Bitcoin's fiat price is strongly impacted by people who value fiat more than Bitcoin, and see Bitcoin as a means to get more fiat:
fiat -> BTC -> FIAT
[repeat]
(2) But others value Bitcoin based on its own characteristics and utility, and these people are largely interested in only a one-way transaction:
fiat -> BTC.
#plebchain
#Bitcoin
Encountered #Bitcoin in the fall of 2021 and have been falling down the rabbit hole since then.
Have yet to find the bottom.
#plebchain
#Bitcoin goes ↗️📈🚀?
My version of a Lambo is simple and practical:
a new, low-time preference, proof-of-work, well-built, quality pair of steel toe/shank leather work boots that will last me for years and years as I take care of my home and family.
Stay humble. Stack sats.
#plebchain
I like #Bitcoin, yes I do;
I like #Bitcoin, how about you?
#Bitcoin mempool next block earns the miner a 3.63 BTC fee 

Well, I guess this quote from “The Creature from Jeklly Island” kind of summarizes all fiat fudgery, doesn’t it?
“A method had to be devised to enable them to continue to make more promises to pay-on-demand than they could keep.” 

Strengths of #Bitcoin:
A money that others cannot
- inflate
- confiscate
- counterfeit
“Music is everything…”
“An intonation of transcendence…”

