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j
j@primal.net
npub1wtfn...jjv2
Be on your guard; stand firm in the faith; be courageous; be strong. Do everything in love. 1st Corinthians 16:13-14
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j 1 year ago
If they all were charged with something they all would be guilty. My response is to charge them all…convict them all… #BukeleStyle
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j 1 year ago
This is an amazing Economic concept! “The demand for money for storage purposes is not separable from the demand for money for other purposes. Hoarding money is nothing but the custom of holding a greater stock of it than is usual with other economic agents, at other times, or in other places. The hoarded sums of money do not lie idle, whether they are regarded from the social or from the individual point of view. They serve to satisfy a demand for money just as much as any other money does. Now the adherents of the Banking Principle seem to hold the opinion that the demand for storing purposes is elastic and conforms to variations in the demand for money for other purposes in such a way that the total demand for money, i.e. that for storing purposes and that for other purposes taken together, adjusts itself to the existing stock of money without any variation in the objective exchange-value of the monetary unit. This view is entirely mistaken. In fact, the conditions of demand for money, including the demand for storage purposes, is independent of the circumstances of the supply of money.” — The Theory of Money and Credit (LvMI) by Ludwig von Mises https://a.co/iBQqRNk
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j 1 year ago
When you understand the Byzantine Generals Problem and how to solve for it, your life will change.
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j 1 year ago
Never respond or interact with meme profile accounts on social media and see how much better your experience becomes. Value your time.
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j 1 year ago
I just got my cousin to download and set up a @strike account and purchase $20 Dollars of bitcoin and download and set up a @Blockstream Green wallet on her Android mobile phone! Today is a good day!
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j 1 year ago
“Disclaimer: The Bitcoin Legal Defense Fund is a non-profit organization that has applied for 501(c)(3) status. At this time, donations made to Bitcoin Legal Defense Fund are not tax-deductible. However, if we are able to secure 501(c)(3) status in the future, your donation may become tax-deductible retroactively. We encourage you to consult with your tax advisor to determine the tax-deductibility of your donation. Thank you for your support.” @jack has the Bitcoin Legal Defense Fund obtained 501(c)(3) status as of yet? https://bitcoindefense.org/donation/
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j 1 year ago
RFK jr. takes the presidency. I said it first.
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j 1 year ago
My mom had a lot of problems. She did not sleep and she felt exhausted. She was irritable, grumpy, and bitter. She was always sick, until one day, suddenly, she changed. The situation was the same, but she was different. One day my dad said to her: - I've been looking for a job for three months and I haven't found anything, I'm going to have a few beers with friends. My mom replied: - It's okay. My brother said to her: - Mom, I'm doing poorly in all subjects at the University ... My mom replied: - Okay, you will recover, and if you don't, well, you repeat the semester, but you pay the tuition. My sister said to her: - Mom, I hit the car. My mom replied: - Okay daughter, take it to the workshop, find how to pay and while they fix it, get around by bus or subway. Her daughter-in-law said to her: - Mother-in-law, I come to spend a few months with you. My mom replied: - Okay, settle in the living room couch and look for some blankets in the closet. All of us at my mom's house gathered worried to see these reactions. We suspected that she had gone to the doctor and that she was prescribe some pills of "I don't give a damn about 1000 mg." She would probably also be ingesting an overdose. We then proposed to do an "intervention" to my mother to remove her from any possible addiction she had towards some anti-tantrum medication. But what was not the surprise, when we all gathered around her and my mom explained: "It took me a long time to realize that each person is responsible for their life, it took me years to discover that my anguish, my mortification, my depression, my courage, my insomnia and my stress, did not solve their problems but aggravated mine. I am not responsible for the actions of others, but I am responsible for the reactions I express to that. Therefore, I came to the conclusion that my duty to myself is to remain calm and let each one solve what corresponds to them. I have taken courses in yoga, meditation, miracles, human development, mental hygiene, vibration and neurolinguistic programming, and in all of them, I found a common denominator: finally they all lead to the same point. And, it is that I can only interfere with myself, you have all the necessary resources to solve your own lives. I can only give you my advice if you ask me and it depends on you to follow it or not. So, from now on, I cease to be: the receptacle of your responsibilities, the sack of your guilt, the laundress of your remorse, the advocate of your faults, the wall of your lamentations, the depositary of your duties, who should solve your problems or spare a tire every time to fulfill your responsibilities. From now on, I declare all independent and self-sufficient adults. Everyone at my mom's house was speechless. From that day on, the family began to function better, because everyone in the house knows exactly what it is that they need to do.
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j 1 year ago
“There is no justification whatever for the widespread belief that variations in the quantity of money must lead to inversely proportionate variations in the objective exchange-value of money, so that, for example, a doubling of the quantity of money must lead to a halving of the purchasing power of money.” — The Theory of Money and Credit (LvMI) by Ludwig von Mises https://a.co/bfU0xeM Up to this point I was understanding what Mises was explaining. But this quote seems to say that an increase in the quantity of money does NOT decrease purchasing power. If I’m understanding this correctly this would be completely contradictory to what I’ve come to understand through my dillegent research. @Saifedean Ammous could you shed some scholarly light on this concept please. I really would appreciate your thoughts on this.
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j 1 year ago
“The increase in the quantity of money does not mean an increase of income for all individuals. On the contrary, those sections of the community that are the last to be reached by the additional quantity of money have their incomes reduced, as a consequence of the decrease in the value of money called forth by the increase in its quantity; this will be referred to later. The reduction in the income of these classes now starts a counter-tendency, which opposes the tendency to a diminution of the value of money due to the increase of income of the other classes, without being able to rob it completely of its effect.” — The Theory of Money and Credit (LvMI) by Ludwig von Mises https://a.co/1CFkLKq
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j 1 year ago
“An increase in a community’s stock of money always means an increase in the amount of money held by a number of economic agents, whether these are the issuers of fiat or credit money or the producers of the substance of which commodity money is made. For these persons, the ratio between the demand for money and the stock of it is altered; they have a relative superfluity of money and a relative shortage of other economic goods. The immediate consequence of both circumstances is that the marginal utility to them of the monetary unit diminishes. This necessarily influences their behaviour in the market. They are in a stronger position as buyers. They will now express in the market their demand for the objects they desire more intensively than before; they are able to offer more money for the commodities that they wish to acquire. It will be the obvious result of this that the prices of the goods concerned will rise, and that the objective exchange-value of money will fall in comparison. But this rise of prices will by no means be restricted to the market for those goods that are desired by those who originally have the new money at their disposal. In addition, those who have brought these goods to market will have their incomes and their proportionate stocks of money increased and, in their turn, will be in a position to demand more intensively the goods they want, so that these goods will also rise in price. Thus the increase of prices continues, having a diminishing effect, until all commodities, some to a greater and some to a lesser extent, are reached by it. ” — The Theory of Money and Credit (LvMI) by Ludwig von Mises https://a.co/4tUcDaJ
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j 1 year ago
“If we wish to arrive at a description of the demand for money of an individual we must start with the considerations that influence such an individual in receiving and paying out money. Every economic agent is obliged to hold a stock of the common medium of exchange sufficient to cover his probable business and personal requirements. The amount that will be required depends upon individual circumstances. It is influenced both by the custom and habits of the individual and by the organization of the whole social apparatus of production and exchange.” — The Theory of Money and Credit (LvMI) by Ludwig von Mises https://a.co/4Tyzc5v
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j 1 year ago
“Only those who have a choice between two economic goods are able to form a judgement as to value, and they do this by preferring the one to the other. If we start with valuations from the point of view of society as a whole, we tacitly assume the existence of a socialized economic organization in which there is no exchange and in which the only valuations are those of the responsible official body.” — The Theory of Money and Credit (LvMI) by Ludwig von Mises https://a.co/bNJvfh3
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j 1 year ago
“The utility of a given quantity of money depends directly upon the exchange-value of the money, not only from the point of view of the individual, but also for society as a whole. The higher the value of the unit in relation to other goods, the greater will be the quantity of these other goods that can be paid for by means of the same sum of money.” — The Theory of Money and Credit (LvMI) by Ludwig von Mises https://a.co/iDiaw38
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j 1 year ago
“Money is valued subjectively according to the amount of consumable goods that can be obtained in exchange for it, or according to what other goods have to be given in order to obtain the money needed for making payments.” — The Theory of Money and Credit (LvMI) by Ludwig von Mises https://a.co/gzhQquL
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j 1 year ago
“In fact, people the whole world over are engaged daily and hourly in the operation from which all prices result: the decision as to the relative significance enjoyed by specific quantities of goods as conditions for the satisfaction of wants.” — The Theory of Money and Credit (LvMI) by Ludwig von Mises https://a.co/cKGTbP9
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j 1 year ago
“The subjective value of money must be measured by the marginal utility of the goods for which the money can be exchanged. 1” — The Theory of Money and Credit (LvMI) by Ludwig von Mises https://a.co/4nDPrpL