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Phundamentals
ph@nostrplebs.com
npub12eml...y99g
Author: Bitcoin for Institutions https://zeuspay.com/btc-for-institutions Co-Host of Rock-Paper-Bitcoin, Motivating the Math, Sound Coffee, and Back on the Chain podcasts Study math, be sovereign
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Phundamentals 2 years ago
Using Twitter just feels dirty now - like going to a strip club in the daytime
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Phundamentals 2 years ago
On 4/2/2020 #Phish released the album "Sigma Oasis" whose title track told us: "Take off your mask - the fear is an illusion, so don't even ask" The title refers to sigma, which is a well known symbol quantifying risk - but also oasis - as if to say that all oases contain risk.
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Phundamentals 2 years ago
The Fundamentals Theory of Socioeconomic Tragedy Dunning-Krueger effect + Democratic State = Tragedy of the Commons We can never have nice things unless something is disrupted. The bigger the state, the bigger the tragedy.
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Phundamentals 2 years ago
2000 sats for an egg might make sense today but when it’s a percentage of a finite money supply it’s gonna be more like something that a farmer gives you for free when buying his meat
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Phundamentals 2 years ago
I just did the math on what it will cost me in Bitcoin to eat 3 eggs a day for the rest of my life. At 50c an egg its 1 full Bitcoin. 2000 sats x 365 days x 50 years That should be scaring people into both stacking sats and killing fiat. Cost must reduce but will only do so under a Bitcoin Standard - this point should be obvious.
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Phundamentals 2 years ago
I just did the math. Wanna eat 3 eggs/day for the rest of your life? At 50c an egg for both you and your spouse, it’s gonna require 1 full Bitcoin. Price of eggs is gonna have to go down right? Only on a Bitcoin Standard does this stand a chance.
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Phundamentals 2 years ago
Good times (create weak men) Bad times (create strong men) You know I've had my share - about a lonely cuck
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Phundamentals 2 years ago
and in the endian the sats you take are equal to the sats you make less a fee for miners