ZimFox

Yield on Bitcoin ? When nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak & nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m discussed this they perhaps overlooked a long-term consideration, that nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe might have noted. If #BTC is ∞/21M, the numerator ∞ grows with innovation. However the incremental value from any innovation is not initially evenly distributed. Essentially there is a 'Cantillion'-like effect where those nearest to the innovation beneit from the efficiencies or value-add generated. Over time the technology is adopted by a competitive market, so that eventually each hodler of BTC gains a purchasing power advantage. Howver during adoption, some hodlers see incremental purchasing power before others, so while 1BTC = 1BTC remains true some can buy more with their BTC (temporarily) due to the innovation. As many innovations are simultaneous there will be those that can spot good technologies early (or are innovators themselves) and they can acquire trade-able wealth by spending bitcoin. This allows them to 'spend' bitcoin more effectively than others so they can take a 'commission' in an agency manner, by acting as an intermediary. The yield they thus generate (whether as participating in cheaper goods or in the form of BTC commission is for providing a service. This process need not involve debt - however as with any transaction it is not trustless (buying a service is never trustless). It can thus generate yield. Yield participation might be as a co-venturer (explicit risk in equity but no interest obligation), or it might be on an interest bearing basis (minimal risk). The key point is that all purchases involve risk (pay up front hoping for execution but funding the exercise) or (pay subsequent to supply where the supplier carries the risk). The risk reward may be tiny (or even secured by smart contracts if exercised in the digital realm) however, the existence of risk is required to transact so executors of risky transactions will require reward. By this means a yield for innovation or for participation in trade as an agent is coupled to the time value of the articles acquired - which can ever be zero. Thus the argument yield vs equity is moot - they are two ways of securing the deflationary economy that Jeff proposes and we expect. The choice of which path to take is (absent regulation) one of preference. Do you carry risk or pay yield for the avoidance of risk. In a world with risk-premium (ie any world with finite resources) transactions are the necessary means for decentralisation of innovation and levelling of purchasing power - they are implicit in any traded economy. But the choice of which to use is open - so both Saifedean and Saylor can be correct, and neither can enforce a view on the other. Side point - both forms of trade require the rule of property law whether encoded in software, by civic bodies or by threat.

Bhutan Game Theory in practice population: 782,455 (per World Bank) GDP per capita: 3,560.20 USD (per World Bank) i.e. approx 0.059 BTC per capita Bitcoin accumulated : 13,011 Bitcoins (cointelegr:aph) i.e. 0.017 BTC per capita (a princely sum) Conclusion: Mining by Bhutan has provided assets amounting to 28% of GDP If the US had matched Bhutan their Debt would be reduced by more than more than $7 Trillion ! Countries will get it at the price they deserve (Maybe worth stacking some sats before it catches on)

A chart showing the trace of your foot when you have trodden in something unspeakable. Eventually even the stickiest turds shake completely loose and fall to the ground. My suggestion would be dump your ETH ASAP and show a clean pair of heels. Until then people around you will continue to look at you the way they do. Sorry - I don't make the rules - Not Sorry

When will Forbes stop posting utter bollocks? It's not that I care - i am simply astounded The word "rival" a little overblown don't ya think...

#Fiat

Regarding #BTC distribution vs wealth concentration. Early hodlers will have an advantage - but it is by design transient. BTC balances will tend towardstracking the difference between value consumption and creation for any person or entity. Insofar as those needing to consume are prepared and able to create value they will be able to maintain their BTC balance. Insofar as those choosing to (or forced to) consume more than the value they create their BTC balance will diminish. However a diminishing BTC balance may also hold purchasing power (because deflation h/t nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe ). The very idea that may be a problem with uneven distribution during the next 120 years is thus moot. Why? ... BTC ownership is designed to decentralise over time and always will. This remains true so long as essentials and preferences require any effort of any sort to be acquired (while there is any scarcity of resources). So scarce money drives towards abundance (for all) In short scarce resources (of any sorts that are commonly needed) assure wealth redistribution and decentralisation. Temporary exceptions include monopolies and state controls - however since both must be defended to sustain power - they too are eventually decapitated. But why is concern over the initial imbalance moot - because it is a vast improvement over #fiat being directionally opposite !

"Tough on Speech" >> "Tough on Crime" ? "UK police and crime minister’s purse stolen at police conference. Diana Johnson’s belongings stolen from hotel where she gave speech to members of Police Superintendents’ Association" It seems the descent into clown world is becoming more obvious day-by-day. Had she held her wealth in BTC she might have left the conference none-the-poorer as well as none-the-wiser. 🤣 Source: https://www.ft.com/content/21fd0bb9-d561-4125-ac9b-784a77c372f1

"When I was a child, I spoke as a child, I understood as a child, I thought as a child; but when I became a man, I put away childish things." 1 Corinthians 13:11 Moving from #Ethereum to #Bitcoin is as inevitable as time and is akin to growing up. As this occurs fewer suffer from scams and #fiat demise accelerates. To confess my sins - several years back I owned some ethereum. In my greed I had not put in the Work to understand But Bitcoin Maxis - helped me so thank you all !

It seems the new Draghi report on EU development suffers from three major delusions: https://commission.europa.eu/topics/strengthening-european-competitiveness/eu-competitiveness-looking-ahead_en 1. That issuing debt to fund public spending is a path to wealth creation and equality. The Cantillon Effect on is already on steroids with high Gini (inequality) scores & uneven distribution of beneficiaries. nostr:npub1esgj6hcsay7azg5zglt603kuhtcs3f2k4hszrvx2u70t6pqx6lyqtsxhep comments "But there seems to be increasing agreement on the need to reform the EU's €1.2 trillion budget, diverting funds away from Europe's poorer regions toward industrial, digitalization and innovation policies. This would align Draghi with the plans the Commission is already putting forward and is looked upon favorably in Berlin." 2. That pumping money into technology like AI rather than allowing free-market entrepreneurial allocation of capital will achieve anything other than securing further the destructions of SME's and rural communities. Mis-allocation by the state creates not only tax & debt burdens, it rewards those with access to governmnets to the detriment of others, and increases inflation 3. The idea that faster pharma approval processes can allow the EU to play catch up with the US is utterly farcical. Who wants to be subject to yet bigger pharma, who wants to accelerate introduction of experimental and unproven 'solutions' and do we not believe that improving dietary nourishment and reducing state sponsorship of sugar, tabacco and additives industries might actually do more good?

#Fiat collapse in 5 months since launch The ZiG Zimbabwean currency nominally backed by #GOLD has collapsed within 5 months of launch According to Zim EYE "The admission was made by Acting President Constantino Chiwenga, acknowledging that he may phase out the Zimbabwe Gold (ZiG) currency and introduce a new monetary system when he takes over power." (Source : Zim EYE 5th Septenber) https://www.zimeye.net/2024/09/05/zig-finally-collapses/ This is unquestionably a further tragedy for impoverished Zimbabwe. They need a hard, inviolable currency - Any suggestions ? nostr:npub13lkyycj8s3da6fhndtj0wd6s3s2ahmq86s7wrruvzd4tnc66cgfqn4lpsy nostr:npub1wl39ydk5rpecvtrzhq67afl9ykn2ty2xdxdkfmyan0rss3f3ma5sndznlx

GM - It's a day of rest (in this part of the world) - I hope yours will be restful too. Please, take TIME to thank God that you HAVE THE FREEDOM & wherewithal to read this. And please take another moment, to think of those who DO NOT... Example (why we bitcoin) A friend of mine lives largely off-grid & stores his wealth in cattle in Zimbabwe. Many do because it is a relatively secure SoV except in times of drought (ie now). This week he lost all 5 head of cattle he owns to poisoning (possibly spillage from artisanal mining that uses cyanide and thus pollutes water sources). - Such miners, if culpable, are also desperate. This is his entire pension built over some 50 years and was his income source provision for his children's education. So, I am not asking for your charity - but for your prayers for the less fortunate in general. ( I trust, knowing his circumstance, that he will find support from the Christian family he is part of and loves ) In a better world, in a bitcoin world, the risk of such tragedies would be less necessary to preserve value. Those who could afford risk might gain, but those in desperate need would not need to. - one of the cows in question - a generic photo representing the wretched tragedy of artisanal mining #Fiat indebtedness between countries is THE principal cause of such misery Let us see an end to it.

Free Speech and Free Listening are different. Taking offence is a decision At the core of human rights is sovereignty over the body. If I exercise my vocal cords - it may annoy you (it probably will ;) - but you may move away (or ask for my silence) What I may not do is impose hearing on you, any more than I should impose silence on you. To bind you in any way - with the exception of defensive action is coercion or violence (of your sovereignty) So I can ignore your words or avoid them - unless you are violating me. In which case I may and should resist. EXACTLY THE SAME applies to someone you move to violence against me. They may ignore you (and should), and maybe I can ignore them. If they act violently they have no excuse ("Doing My Duty" was the rejected Nuremberg defence and didn't apply at My Lai either) What is unacceptable is for me to bind them (unless to resist their violence) Thus punishing free-speech is violence as much as unwarranted incarceration or physical abuse is a violation. Key message - People offer offence - to take it or not is your choice - own it ! To intend offence (taken or not) is offensive - and some will. If you can rise above it you are the better person.

Status Quo: "Down, Down" is all about bitcoin Allow me to explain: 1/ I want all the world to see To see you're laughing, and you're laughing at me I can take it all from you Again again again again Again again again and deeper and down 2/ I have all the ways you see To keep you guessing, stop your messing with me You'll be back to find your way Again again again again Again-gain-gain-gain deeper and down 3/ I have found you out you see I know what you're doing, what you're doing to me I'll keep on and say to you Again again again again Again-gain-gain-gain deeper and down https://www.youtube.com/watch?v=d1gYJDQXPOk

nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l - saying you were of X for good (assuming it wasn't a bot 🤣 ) gave me the push to get on nostr . So much appreciate your efforts - TY

First Post - No idea but as a baby figured out how to walk !  Stage 2 - Probably many hours later : Set profile name (somehow) currently grayed out (astral / linux) Stage 3 Nip-05  + LUD-06 whatever they are Do say Hi  If I am only talking to myself please don't ! :)