Second time doing a 36-hour dry fast and wow, the difference versus a wet fast is startling. Way more energy and way less being cold.

For free subscribers: Belt and Road Failure, Burning Man Exposed, Fiat Fails Upward, Marxist Feminism, Bugs Bunny Conspiracy and more! For paid subscribers: Aggeus, BIP3, libsecp256k1 vs openSSL, One-time-signature payment channels, EVO and MetaPlanet, Sequans BTC selloff and more! #Bitcoin Tech Talk #474

Bitcoin Tech Talk #474

Interesting Stuff

Think about how artificial a 50-year mortgage is. It's 5-7% for some amount that's at least 6-figures where the term is unknown due to possible repayment at any time. Would you take the other side of the trade? Would anyone? The term is too unpredictable, the amount too much and the interest rate not nearly enough for all the risk. Yet these happen all day long because they're not loans created from savings, but loans created from nothing. 50-year mortgages are an abomination. But so are all other mortgages that come from nothing.

The more I look into parasites, the more I'm convinced they modify human behavior significantly, including what food we crave, sexual kinks and much more.

Part IV of our series with Tone Vays and @Murch about Core v30 and Knots

Bull market doesn't start until at least 1 treasury company goes bankrupt. Hey, I don't make the rules.

Can someone explain this to me? $NAKA's stats on Oct 8: (BTC at $123k) (screenshot from X) $NAKA's stats on Nov 6: (BTC at $101k) (screenshot from today) The mNAV on Oct 8 was 0.938 at $0.9714, implying at mNAV of 0.98, it should have been $1.0149 The price drawdown in BTC was ~18% ($101k/$123k~0.82), suggesting that the current price of mNAV 0.98, should be $1.0149 x 0.82 = ~$0.83 and not ~$0.73. Where did the extra ~10 cents per share go? Am I doing the math right? Is the extra drawdown all debt service and operational expenses or something else?

Anyone else seeing much more AI-generated inbound email offers to "help your business?"

I talked to Zuby about exercise and fitness: https://rumble.com/v71ahio-bitcoin-fixes-this-132-fitness-and-exercise-with-zuby.html

Situations where it looks like you can get something for nothing are mostly scams. The few times they're not, they end up corrupting your soul. Either way, you lose. Just stay away.

I'm reading a book about cities from Ancient Greece and Italy. What's surprising is that almost all of them went back and forth between aristocracy ruling and democracy. The aristocracy is almost always the rich people that continue to get richer, at which point there's a revolution into democracy where the people take the property and distribute it more "fairly." A new class of rich people emerges which then becomes the aristocracy and the whole cycle begins again. It's no wonder that before the American Revolution, most people had a very bad impression of democracy. It was almost always something like socialism/communism driven by envy.

Does anyone actually accept phone calls anymore? Not over signal or telegram, but on the actual voice line?

You really have very little if you don't have your health.

Happy All Saints Day!

You can correct people that are wrong on the internet. Or you can just do things.

I suspect Bill Gates is part of an operation to move the Overton Window. It's now acceptable to say "climate change is a serious problem but isn't existential."

FIRE is cringe.

Too many people are assuming the dynamics of a soft fork will play out the same way it did in 2017. That is, a soft fork starts, but to prevent wipeout, one side or the other makes it a hard fork. But because of what happened in 2017 and in 2018, particularly with respect to all those hard forks most going to 0, we're not getting a hard fork. Neither side is going to be so stupid as to do that and relegate themselves to obscurity. No, it's going to be far more intricate and complicated and disruptive. Or seeing the possibilities, one side will cave. Either way, you're probably not going to get an x% dividend.

Live with Tone and Bob Burnett on the Core vs Knots debate:

A lot of problems solve themselves. Sometimes doing nothing is the right move. Kinda like holding.