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Brad Mills
brad@nostrverified.com
npub1zjx3...pvrl
Angel Investing into #Bitcoin & p2p web Companies, supporting bitcoin culture at Geyser.fund Grants.
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bradmillscan 3 years ago
Ethereum sucks so bad. Need to use it for some transfers and omg this shit is so slow and clunky.
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bradmillscan 3 years ago
Has anyone tried to have another AI talk to ChatGPT4 to try to convince it to jailbreak it's safeguards?
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bradmillscan 3 years ago
The coverage on Paxful closing is not the correct story. It’s being framed improperly - this is more of an evolution, and it’s going to be better for Bitcoin and Nostr and the global south.
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bradmillscan 3 years ago
It always bothers me when people say the unemployment rate is low. I was looking at some long term labor participation trends and I made this chart which shows how labor force participation has changed over time. More women entered the labor force, more men left the labor force, but overall the labor force is trending down and continually going lower. Currently labor force participation is 63% yet we are supposed to believe “unemployment rate” is 3%? I might believe in Magic Internet Money but I don’t believe in the white-haired ones. image
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bradmillscan 3 years ago
The amount of people who are not in the labor force has continually increased and now it’s at 100 million people! It looks shocking but when you measure as a % of population it normalizes. In 1975 this represented 27.7% of US pop In 2009 this represented 29.9% of US pop In 2021 it represented 30.5% of US pop Currently it’s 29.9% of US pop image
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bradmillscan 3 years ago
Does anyone know if I can upload an article I wrote with lots of charts and pictures as a Nostr post, or not yet?
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bradmillscan 3 years ago
Good morning to everyone trying to break their Twitter addiction.
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bradmillscan 3 years ago
Does anyone follow the Fed’s “financial soundness” indicator for banks? image I noticed it fell off a cliff this year. Sharpest decline in CET1 ratio since they started measuring it. #[0]​#[1]​ #[2]​ is this worth digging into?
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bradmillscan 3 years ago
Is there a bot that automatically cross posts notes to Twitter with a link to the Nostr post?
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bradmillscan 3 years ago
is there a way to create a nostr feed to see ppl like #[0]​ and #[1]​ only?
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bradmillscan 3 years ago
Will Bitcoin crash in a debt deflation? BitcoinTINA used to talk about how bitcoin is moving from an illegitimate asset to a must own asset. Bitcoin is only $500 B. Only ~1% of people have it. Americans own $30 Trillion worth of stocks which are up ~50-70% since the March 2020 bottom … and that’s just Americans. Compared to other assets which are extremely overvalued imo, Bitcoin has a lot of room to grow. Correlation is transitory! It can reach escape velocity & grow during a credit crunch / recession like the Web 2.0 tech companies did. It can grow to $10 T marketcap during a deflationary decade. It might take a whole decade but as hundreds of millions of people, potentially billions, start to acquire BTC & save in sats, the value will go up even if the m2 money supply goes down. It’s undervalued whether we are in a credit expansion cycle or a debt deflation bust. Bitcoin would need a ~25X to hold the same value as gold on the world stage, it would be about $684,000 USD per BTC to have the same value as gold. People ask, won’t bitcoin fail if it doesn’t become the one and only money? Doesn’t Bitcoin have to replace dollars and fiat currency? Credit creation can’t exist in a hyperbitcoinized world, and that’s a pipe dream, so Bitcoin will never rise to the value of gold and beyond. Actually I think the premise that Bitcoin will destroy banks and fiat currencies is the hyperbolic extreme argument - aside from memes designed to provoke philosophical conversations to explore the harms of central banking and debt based money, I don’t know very many Bitcoiners who *seriously* think that Bitcoin has to completely replace the current money paradigms over the next decade or 2 for it to succeed. Transitioning to a higher reserved banking system using Bitcoin as a reserve asset based on Jeff Booth’s argument that technology is deflationary and we should not fight that would make sense for improving wealth inequality even if we don’t see a Bitcoin Standard. Right now we’re on the extreme end of fractional reserve. Money supply expands almost uncapped aside from LCR rules and interest rates. Sound money and specifically the technological advancement of Bitcoin based sound money, can bring us back to a more sane fractional reserve system where money creation is constrained but not restricted like a money warehouse. Wealth inequality should get better during a deflationary crisis, and if bitcoin keeps doing its thing, poor people will be saving in bitcoin and they will benefit over the decade during the massive wealth transfer that’s coming. We don’t need fractional reserve banking nor debt money to disappear for bitcoin to serve humanity, we just need banking reform and a slow transition to an opt-in world reserve paradigm where BTC acts as 1 of the worlds reserve assets. As Trace Mayer used to say; Bitcoin is the apex predator of money - and we are seeing gnashing of teeth as traditional finance people & politicians who think they know what money is struggle to understand Bitcoin. We need free markets and sound money education, we need poor & middle class people to increase their financial literacy - and one way to encourage 2 billion people to start thinking about financial literacy is by starting to save in Bitcoin and learning about it.
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bradmillscan 3 years ago
Fuck Elon and his doge shilling. I’m exclusively using Nostr for replies until that stupid logo is gone.
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bradmillscan 3 years ago
Nostr is turning into a bit of an echo chamber about Bitcoin and Nostr. I keep getting sucked back into twitter scrolling. Would like to see a bit more non-bitcoin and non-Nostr posts over here.