Stephan Livera's avatar
Stephan Livera
stephan@primal.net
npub1r8l0...x5dk
#Bitcoin Podcaster and Advisor to Bold
Statists excuse government failure by saying "they didn't have enough budget". This image is a reflection of how the state spends money. Without private property, market pricing, and facing a profit and loss test - of course it wastes money. image
Philipp Bagus on the Banking School vs the Currency School, and how this debate remains relevant today on central banking and fractional reserve.
It has become normalized to put down 8-20% for a mortgage downpayment. I wonder how many people consider that they are effectively going leverage long property approx 5-12x?
HODLing is a psychological battle with yourself. How much pain and scorn can you handle from the normie world? What is your pain tolerance for sustaining your HODLer conviction through big 50% or even 80% drawdowns? Are you willing to think independently and ignore TradFi influencers who preach about being allocated to govt bonds or stock indexes or trying to be a property mogul? If you do it correctly, you are richly rewarded for HODLing over time - both financially and mentally. If you do it poorly, you risk selling during the drawdowns or hard times.
When it comes to nostr and getting attacked or censored by the state, surely the state would prefer to go after 'offending' freedom relays before they go for apps? Maybe it'd end up like how the pirate bay kept resurrecting to different mirrors, servers and countries?
HODLing and using Bitcoin can be a strange path to follow. At first, you want to try and 'save people'. Then after a while, you realise you can't save them because lots of people don't want to be saved. Help the people who are willing to listen, and be patient about it.
"Liquid is not that different than a fedimint or an ark. All of these solutions are trying to share the cost of a UTXO." - @Roy from @Breez ⚡️ explains some similarities and differences between Liquid, Fedimint and Ark
Why is the Full Reserve Banking vs Fractional Reserve Banking issue important? Philipp Bagus explains
my latest episode with Philipp Bagus on Full Reserve Banking vs the "Real Bills" doctrine of Juan Ramon Rallo. We also touch on full reserve in a bitcoin world, and his thoughts on Milei in Argentina. I think understanding the full reserve question will be important for the development of the bitcoin ecosystem so make sure to tune in and understand what it's about.
So don't the Zuckerberg censorship revelations mean the 2020 election was stolen? Will Biden or Harris face any consequences for this?
So don't the Zuckerberg censorship revelations mean the 2020 election was stolen? Will Biden or Harris face any consequences for this?