Hard forks are a clever way for investors (VCs, mostly) to exit losing investments. They'll run the same playbook as they did with ZCash, just watch.

Pride says that you have ideas. Humility says that the ideas have you.

In retrospect the country-by-country bans/restrictions/taxes on smoking (~2005-2015) was the canary in a coal mine for authoritarian government.

Hard not to cringe a little when you see a pic like this.

Fiscal irresponsibility has real consequences. Do you honestly believe MAiD would be a thing if Canada were on sound money?

Anything with a security council cannot credibly claim to be decentralized.

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Bitcoin Tech Talk #497

Interesting Stuff

The reality of the left is that most of their activists/supporters are paid in one way or another by fiat money printing, so the right has no chance from within the system. The only way out is through.

If you're getting deceived, it's worth finding out what flaw the liars are exploiting.

So much of maturity is just becoming comfortable with uncertainty.

Fear is the easiest emotion to stoke, and boy are we getting a lot of that in Bitcoin these days. Another reason that holding is hard.

GN

There's a particular type of delusion where you think that the people you like all live up to their ideals and the people that you don't like only respond to incentives.

I started using autodrive, and it's a game-changer. Funny how things go from "pointless" to "essential" in a very short period of time.

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Bitcoin Tech Talk #496

Interesting Stuff

The commerce through the open seas being so cheap is, sadly, a fiat phenomenon. It was never that cheap to trade over such large distances. It's largely a function of Pax Americana (and Pax Britannia before it) and it's heavily subsidized through the dollar hegemony. It will be more expensive when that hegemony collapses, and we can kind of see it in real time with the Strait of Hormuz. That said, I believe there are much cheaper ways to have free trade through the seas, and instead of relying on the US Navy, entrepreneurs will figure out something much more effective (like Nike shipping containers only of left shoes or right).

Time reveals wisdom.

Exposure to Bitcoin is not Bitcoin because one is centralized the other is not.

Get rich righteously.

Propaganda has nothing on the financial system in how you're controlled.