It ain't much but it's honest work :3 #bitcoin

It's pretty obvious that the world is searching for a neutral reserve currency that can be held self-sovereign & is convenient to settle international trade. Gold fails at the latter .. really wonder whether sth like that exists .. Regardless whether one considers such confiscations right or wrong. Any person, institution or nation state can recognises that holding someone's liabilities as your savings introduces counterparty risk. #bitcoin

The 4 core pillars of MMT: 👇 1. Accounting: The math of government debt = private sector savings checks out & if u claim that only debt-based monetary systems can work you're good to go. 2. Human Nature: People want stuff for 'free'. Thus offering 'free' stuff financed by money printing will give you a competitive edge on the voting booth. Furthermore, human nature has this irrepressible drive to build, invent & improve stuff, which causes technological progress. 3. Technological Progress Induced Deflation: Humans improve technologies & build better machines, factories etc. This increase in productivity reduces the cost of everything .. sandwich to aircraft carrier & it's necessary to hide the price inflationary effects of money printing. 4. Gaslighting: 3. must not be aknowledged. Burgers costing 50x more than 50 years ago is not due to money printing but the current thing. Common sense & intuitve reasoning (brrr -> price inflation) must be countered by confusing people with technicalities of the monetary system. #bitcoin #MMT

Peter Schiff right on time with the 700 IQ explanation why transaction fees spiked recently.

Made @ODELL chuckle .. Best day of my life ngl

Hey #nostr are there relays that specialize in video upload? I'm ready to pay for that. What's the best way to upload 30 sec videos on here so that they are saved for a few years? #asknostr

3D printed prosthesis cover for a transcutaneous osseointegrated prosthesis. #3dprinting #orthopedics #prosthesis #legprosthesis #prosthesiscover

Gotta feel sorry for tradfi bros .. you did your MBA, you're making money, people think you are smart because your stonks are up, even though it's largely due to currency devaluation .. and then these #bitcoin turbo autists show up, outperform you, while dunking on you with memes & sh#tposts.

Keynesian economists are the people who accidentally stumbled into a fluid dynamics lecture and now think they can model the economy. #bitcoin

I think many people from the right, who whine about how most of society's powerful institutions have a solid leftist bias, would immediately use these powers against the left if given the chance. Both eagerly expand the government's power, only to be shocked once it's used against them.

If one believes societal issues can be solved by money printing, there is an infinite amount of excuses to kick on the printer. Urgency reaches from "Let's flip each cobblestone around, so they get worn down evenly" to "The I AM LEGEND virus is here & my cousin turned into a zombie, pls fix". But the level of importance of a societal issue doesn't change the money printer's incapability to create wealth. It can only (ineffectively) redistribute it. No- & precoiners often give an example of pressing societal issues such as climate change or a respirative infection & stress that an issue of such importance can only be solved by money printing. Of course, it can't .. well .. you can address and probably even solve specific issues more quickly by redistributing society's resources to a specific niche via money printing, but hereby you drain resources from other parts of society that don't receive the blessing of the money hose. Thus, I think the real clash of beliefs is about how society's limited resources should be allocated. By the free market (everybody spending, saving & investing their money how they see fit) or by a group of experts that appropriate it by money printing and direct it onto what they believe to be the most pressing issue. Personally, I suspect the former approach to be more effective. But many people struggle with the concept of 'You can't create wealth by money printing', especially if faced with a crisis. I think it's largely due to the complexity of today's monetary system and thus I like to simplify things when being faced with the "But how can we solve X, if not by the government printing money?". Imagine a population of a few people living on an island. Each person has some savings in the form of fruits, fish & other stuff. They have also developed a primitive form of credit money where they have a large piece of bark that functions as a ledger. When they exchange goods for money, they update the ledger by scratching the new account balances onto the bark. One day a horrible storm blows half of the population's papayas and smoked fish into the ocean. The people of the island freak out. All that hard work, all those savings .. gone. And that too at the beginning of autumn, when fewer fish can be caught .. no doubt an existential crisis. Luckily they come up with a plan. They gather in awe in front of their piece of bark & scratch 5 additional markings behind each name. Cheerfully they congratulate each other on how much more wealthy they've become. And they are confident that the newfound wealth will get them through the winter. Unfortunately, half of them starve to death, as scratching a bunch of markings onto a piece of bark doesn't create actual wealth. The same of course also applies to adding a bunch of zeroes in a bunch of 'excel files' to people who are on good terms with the central bank and who are believed to be the saviours of the current crisis. #bitcoin

I think Bitcoiners should be more careful with the 'if u hold for 4-5 years u'll be in profit'. Imo market cycles are largely driven by psychology & once everyone expects the 4 year cycle, people will try to front-run, it ll make early ATHs & then descend into a loong bear market.

Was not aware of just how bad Peter Schiff's flagship was performing. Down 13% over a 10-year time frame, denominated in sth that has lost prbly a third of its value since then. I guess this brutal humiliation is reason for his severe case of Bitcoin-derangement-syndrome. #bitcoin https://image.nostr.build/f31e861d3f6cd30d342125999077a4052c6c487af8aa9eb8b49b3a7f33e11687.jpg#m=image%2Fjpeg&dim=973x672&blurhash=r7S%3F7FbWIqxCXnxZoMtSxuk%3FV%3FIpxZM%7Ct7ofj%5BoeKjnNM%7CtRRPbFg3niniZgkCbbs%3AX8aeaybHozMwX9t7V%40tQRjV%40ozbH.mM%7CxtW%3DnObHj%3FV%40RP&x=15800cbdfacb03e905e6686ca8ed3544f584adb5bf47a4e0c56241816b08393e

Congrats to all stonk enjoyers celebrating this SP 500 all-time high, with the value of the denominator at it's all time lows. Don't wanna be a party pooper, but pls check an 'SP 500/price per rumpsteak' index. #bitcoin

I think finance suits are the least impressive people on the planet. Especially in contrast to the high regard that they are generally given by society.

Part of Bitcoins' unstoppability lies within its ability to respond to stimuli. Saying Bitcoiners must not consider defending against attackers because of the proclaimed unstoppability, disregards that the unstoppability is only ascribed due to #Bitcoin being able to respond to a threat.

On the first day of Christmas I consolidated UTXOs at 120 sat/vB 🎅 https://image.nostr.build/18ce3d597a912e63236fac53a56b22ba5c3609cf963d62be426634bd859b5eb7.jpg#m=image%2Fjpeg&dim=1440x1920&blurhash=_TD%5DF%5DNd9GoLRjaeof%7EWoMIUR*aeofa%7Dxuxuo0RjWBayRjIot6xtj%5DWXWBRkIUa%7CxvofaeWCj%5BIUayxtkCofaxj%5BIUo0t7WCofj%5BkCRiWBkCj%40fikCs%3AWEWBWAofofayof&x=2558de2081ec1ce27be273998f1605fe209c15fbe00c55acc3a4905d6de106e0

Human societies have always chosen superior monetary technologies over inferior ones. #Bitcoin is obviously the best form of money encountered so far. Being surprised by Bitcoin's relentless uptrend means u r surprised that everything is exactly as it has always been.

Difference in electricity consumption with & without my 6 GPU mining rig. Just received 3.3 k refund for paying too much in electricity costs, as I stopped mining .. would appreciate a 30% #bitcoin pull-back.. so I can stack harder 🥲

I've run the numbers .. a single #Bitcoin transaction destroys 1.3 continents.