“…Bitcoin is not theory; it becomes the mathematical structure of reality based on scarcity. Nobody understands how scarcity defines a quantum.” View quoted note →

“small scale private and privacy preserving mining is the only way to resist nation state control in the long term. Mining companies are a bootstrapping phase. …if we don't transition to majority pleb mining then I don't see how bitcoin can achieve mass adoption. It will just be gold 2.0 and suffer the same fate as gold 1.0: state capture.” View quoted note →

“Modern centralized mining farms are unsustainable. It's a bubble. We will have to deflate it if bitcoin is going to survive. Great news! Satoshi already thought of this and implemented the decay function of the subsidy to do exactly this.” View quoted note →

“the quantity of demoralization injected into the media and now the way media is filtered to highlight this demoralizing with social media, the alienation has become worse than ever” View quoted note →

“"Whenever the people need a hero we shall supply him." - Albert Pike However, notice that all of these 'heroes' only address the symptoms and not the disease. All of these propped up alternatives only offer a limited hangout and don't threaten the system.” View quoted note →

“It’s actually easier and better for [the US government] to outsource the surveillance. They get the best of all words: They don't need to risk constitutional challenges, less physical work and money for them, still get the same data, and its yet another pressure point for them to keep on large banks which makes sure that the job hopping pipeline from regulator -> corporate consultant stays open.”

Stacker News

Has Brazil Invented the Future of Money? - Paul Krugman \ stacker news

I hadn't heard about Brazil's adventures with central bank digital currencies. But apparently, they're using something called Pix. Pix is sort of l...

“Brazil's headed down the path of the next Venezuela, and Pix is a powerful tool for the government to get total control over everyone.”

Stacker News

Has Brazil Invented the Future of Money? - Paul Krugman \ stacker news

I hadn't heard about Brazil's adventures with central bank digital currencies. But apparently, they're using something called Pix. Pix is sort of l...

“Brazil's headed down the path of the next Venezuela, and Pix is a powerful tool for the government to get total control over everyone.”

Stacker News

Has Brazil Invented the Future of Money? - Paul Krugman \ stacker news

I hadn't heard about Brazil's adventures with central bank digital currencies. But apparently, they're using something called Pix. Pix is sort of l...

Interesting.🤔 “The true genius of Bitcoin, in the words of the philosopher Niklas Luhmann, is that the system was successful in externalizing moral judgment (pricing) outside of the system.” View quoted note →

“Look at every successful network in history, it always starts with an atomic, self sustaining network around a single community or purpose.” View quoted note →

“That’s the bet: permissionless systems weaken monopoly power, no matter who’s holding the guns.” View quoted note →

“decentralization plays the long game” View quoted note →

“Bitcoin doesn’t promise utopia - it just removes the cheat codes: no printing, no arbitrary confiscation, no forced trust. If someone builds a better money, we can use it. But right now, Bitcoin is winning - not forcing.” View quoted note →