Christopher Columbus: "The earth is round, I can prove it, come with me on my ship." Satoshi Nakamoto: "#Bitcoin is a better form of money, verify it." The world is round, study #bitcoin

Tell me you haven't seen le Papillon without telling me you haven't seen le Papillon View quoted note →

#Bitcoin miners are the buyer of last resort for energy.

Every cent in a credit system is a loan. That's why it is called credit. Credit and interest go together. Interest compounds. This is unsustainable because it requires money creation to pay the compound interest. To make the compound interest more affordable financial repression emerges. Financial repression isn't a solution to a problem, it emerges from a condition called unsustainable debt and it can only lead to yield curve control. Yield curve control is a policy to make believe a loan contract is more valuable than it actually is.

Policy needs an economic foundation. First and foremost it needs to be enforceable to be cost effective. If it isn't cost effective, the phenomenon that the policy was meant for must be allowed until a cost effective solution is created. #firstprinciples

If you have a whole #Bitcoin in 2030 and you don't have a mining company by then, I don't think you understand what you own.

Somebody choose to mint something this weekend. Intelligent people doing stupid things 😂

Sometimes people who dream of becoming rich actually become rich, but most people who actually became rich dreamt of understanding value.

I read Karl Marx's Communist Manifesto twice and I can't tell you one point he made because it's all incoherent garbage. Every single thing he said in that book is based on false assumptions. It's so stupid I can't even reproduce it.

It should say, "FREE MARKET ECONOMY" or "WE ACTUALLY WANT CAPITALISM". View quoted note →

I think people will make decisions based on their wants, and like Menger discovered wants aren't constant. Economy is an emergent behavior of the human condition that is ever changing based on available supply. Just like people never knew they wanted a smart phone, now they do. People will always want certain things, and especially things that give them more autonomy tend to become popular. So assessing a general consensus of the population is only subordinate to assessing the available technologies that give people more autonomy. #Bitcoin and #nostr

Zaps really are the coolest freedom we discovered here. Thanks to @jb55 💜⚡️

Observe without evaluation. Embrace uncertainty and just watch.

I'm sorry if you think art can be generated. Art is the real Turing test. @Wybedegreef painted this, he still needs to be convinced to come to nostr.

People like to say #Bitcoin fixes this. But it's actually praxeology fixes this and bitcoin guarantees that praxeology is absolute.

#Bitcoin isn't an ideology nor does it need one. An ideology requires belief. Bitcoin is a protocol, it responds to conditions and from that all it does is emergent. You can add an ideology to Bitcoin, but Bitcoin will never depend on belief. It is safe to take "don't trust, verify" literally.

@walker did you send 6969 sats to bitwise?

The humble stackers will inherit the earth.