It’s good to test your worldview once in a while with normies that you respect. It’s good to have a normie or two that we respect in the world. The echo chamber around Bitcoin can be limiting and powerful. You can make it stronger by stress-testing it in the wild every so often.

Network nodes are equivalence relations - not equalities. No two nodes in any network are equal. If they were then they would only ever need one. Networks grow by creating equivalence RELATIONS among UNEQUAL nodes. A world where everyone is equal is a network with only one node - the one with all the weapons. Equality isn’t just a platonic ideal - it’s a tyrannical psy-op.

Equality vs Equivalence Equality is a myth. A platonic ideal. It has no definition and no rubric for proof. In math there is an attempt to sometimes define a = a but the proof is often axiomatic, or self-evident. Equality is an idea that comes from God. We inherently know it but we cannot define it. Equivalence is what man created to define, verify, and scale our idea of equality. Equivalence is clearly defined as a general relationship that possesses each of the following properties: a) reflexive: an item is “related” to itself b) symmetric: if a is related to b then b is related to a c) transitive: if a is related to b, and b is related to c then: a is related to c Reflexive, Symmetric, and Transitive That’s the best human beings can do to define, explain, and prove equivalence. With equivalence we can work off of a common truth. We can build a consensus and we can share a reality. Equality is absolute without being verifiable. It’s a shared tyrannical illusion. It can exist ONLY in the abstract and has extremely limited meaning and application. Why should we and our children learn mathematics? It’s not to calculate tips at a restaurant or to get a job as a bean counter. It’s to understand the difference between equivalence and equality and be resilient to the Platonic psy-ops that have caused the majority of human atrocities. It’s to be sovereign.

FASBs fair value rule that goes into effect on 12/31 of this year will cause the biggest rugging and devaluation of the financial system since 2007/2008 and will likely make the GFC look benign. Why is this? Because there is no requirement for any company to prove that they can move the coins in their treasury. Therefore if Coimbase loses coins - and doesn’t tell anybody (which they won’t) then Bitcoin will continue to accumulate and appreciate until they can no longer keep the Ponzi alive. By that time one can only imagine what the write-down will be across the balance sheets of every company in the US. It could be many trillions by the time it’s caught. There is a simple solution. FASB can require that a company proves it can move its keys in order to declare the value on its balance sheet. At a minimum, they get a signed statement from their custodian “certifying” that the coins can be moved - or they can be compelled to provide a digital signature. Adding this requirement will not only remove the risk of a trillion dollar write-down of a central custodian- but it will cause massive innovation in the custody space for institutions. It would incentivize the roads to be built and would also incentivize more companies to hold Bitcoin in their treasury. TLDR - there’s no requirement for any company to prove that can move the Bitcoin in their treasury - in order to claim the USD value on their balance sheet - this opens the door to trillions of $$ of write downs if we discover this after hyperbitcoinization.

As much as I cannot stand people discussing Bitcioin in terms of returns (Vomit) - it burns me even more when people describe those terms using bastardized language - either preying on peoples lack of rigor with that language or lacking that rigor themselves. I’m coming to correct people who are misusing the word “asymmetric” with regard to returns. Asymmetric doesn’t merely mean that one side doesn’t match the other. There are already several words for that: unequal, itreflexive, greater than, less than, etc. Symmetry and asymmetry have specific meanings with regard to what they are saying about a relationship. To say 2 sets are asymmetric is to say that one direction says absolutely nothing about the other direction. A hash is asymmetric. Its power is in its absoluteness and rigor. It’s not describing a relationship between two worlds - it uses asymmetry to impose a ruthless fact and to either disabuse people of the notion that there can be any relation in the other direction or challenge them to disprove that notion. The blurring lines between cryptography and finance already do damage to our society - we would be wise to be careful with the language we use to limit the damage.

Anyone here on Nostr want help with code review or any part of a project - hit me up.

Data can be co-opted. Information can not. It takes a life to learn to be information sovereign in a world of co-opted data. Nostr doesn’t fix this. Neither does Bitcoin. They may be helpers. Learning and studying mathematics is the solution and the reason isn’t obvious. It’s along the lines of Plato’s proberb that one must conquer themselves before trying to conquer the world. Mathematics enables one to conquer themselves. This makes you an individual that is very difficult to conquer by others. It makes you strong and powerful resilient. It also build your trust in yourself. Your sovereignty is limited by the trust you are capable of having in yourself. Very few things build that trust, w.r.t. your mind and thoughts like studying math. Removing your ability to do this is how governments conquer you. Making education compulsory and making math excruciatingly painful has successfully deterred nearly 8 billion people from pursuing sovereignty. Once you regain your mind through the study of math, you can begin to learn to distinguish information from mere data, and fight the war against power on your own terms.

I travelled a little over an hour to a meet up last night. Only the organizer and one other person was there. You might think that’s lame but it was a great hang and a lot of ground was covered. In order to build a good meetup you gotta show up and make a good hang no matter if 1 person or 20 come. I credit the organizer for showing up and maintaining an interesting convo with me for 3.5 hours. This is the way.

Throughout my career as an actuary, my crusade has primarily been about the definition of “real money” My colleagues unanimously think that “real money” is what the regulatory capital models allow them to say they have in their holding companies. I have argued for years that P/L and cash are real money and that their paper mark-to-model results are bullshit. Let’s not even get into the fact that cash in dollars isn’t real money - but that’s there as well. Bottom line - insurance companies and pensions are standing on absolute shams of actuarial opinion. They are backed by assumptions and when they are lucky enough to realize them - they are exposed to the perpetual bleed of fiat currency.

GM Nostr. I’d like to explore how I can use Nostr to teach math. I feel like I can host problem sets here, as well as study groups. I don’t need the best UX - just the functionality and the immortality of the material on my server.

Why is it impossible to be sovereign if you add no value? Because others who also add no value will sell you out to save themselves - and nobody will stop them from doing so because if you don’t add value - Nobody really cares if you live or die, make it or don’t Only if you provide something that people couldn’t access without your existence - does your existence matter to anybody. The more value you add, the more people have your back, especially when you have to stand up for yourself, and the more sovereign you will be.

Sovereignty is only available to those who can earn Bitcoin. Earning Bitcoin is a proxy measure for your ability to add value. You’re only sovereign if you add value - period. You might have a big enough stack to be valuable as a buyer but the vast majority of people need to do more for people. There are only 2 ways to earn it: 1. Get someone who has it to trade it to you for a good or svc. 2. Run a miner and pay the elec nut Start with #2 until you have the skills to reliably do #1.

Blackrock hitched their wagon to the Confederacy. Texas gonna defrock the Feds Wall St is not joining us - deal with it.

Fountain

Rock Paper Bitcoin • RPB031 - Texas Storms • Listen on Fountain

Recorded Jan 27, 2024Fundamentals & Business Cat espouse their considerations of unleavened bread and incursions.Intro Music: Dua Lipa - Dance The ...

NGU is great for nyms. Terrible for local plebs who meet in meatspace. Eye on the prize. Local communities are for supporting each other in being ungovernable. Never get comfortable. Make sure you have farmers, doctors, electricians, plumbers, and teachers to get through a more severe version of 2020/2021 and never comply with the clowns. We will win!

Btcoiners worried that the US might get its act together and employ sound monetary policy: We’re at war in Ukraine, Israel, and Texas That’s just what we know of. The printing will continue. Forever Laura.

The fiat system will NEVER legitimize Bitcoin. They will only capitulate and lie about it. Stop begging for their recognition. Stop waiting for their validation. Bitcoin will only truly reward those who see it without needing that validation