“Nukes are fake” is one of my favorite CTs

Heuristic: Whenever you hear the phrase “consenting adults” prepare yourself to hear about something disgusting

There is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases. Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others. George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating. I believe this will be the ultimate fate of Bitcoin, to be the “high-powered money” that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today. Hal Finney December 30, 2010

Psalm 37

Designed a new logo for nostr. thoughts?

democracy – “a collective hallucination where a highly educated class of opinion-molding tacticians are continuously at work, analyzing the social terrain and adjusting the mental scenery from which the public mind, with its limited intellect, derives its opinions”

Democracy: “the group mind does not think in the strict sense of the word. In place of thought it has impulses, habits and emotions. In making up its mind, its first impulse is usually to follow the example of a trusted leader. ” – Edward L. Bernays

People with these inflation rates need products that seamlessly offer stable fiat balances and volatile SATS, not SATS only. Ignoring this is foolish. Venezuela — 1198.0% Sudan — 340.0% Lebanon — 201.0% Syria — 139.0% Suriname — 63.3% Zimbabwe — 60.7% Argentina — 51.2% Turkey — 36.1% Iran — 35.2% Ethiopia — 33.0%

“Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. It seemed obvious to them after a while.” - Steve Jobs

Bitcoiners are my favorite ethnic group

Everyday you should read something old (scripture, poetry, history…) before reading something new (news, nostr, twitter…)

What if the zap button on each post was a shortcut to the profile zap? @jb55 @jack

Prague is beautiful at night

“Blessed is the one who is not offended by me.” – Jesus

“Civilization should not merely be defended, it must be rebuilt, ceaselessly, because barbarism continues to destroy, and barbarism is never more threatening than when it, in turn, pretends to build. The worst misfortune in the world is that is has never been more difficult to distinguish between the builders and the destroyers. Barbarism has never had such powerful means to deceive: evil has never had a better opportunity to pretend to perform the works of good.” - Georges Bernanos This quote dates itself because it is now very easy to see the destroyers. I guess that means we are approaching the end.

“So, if we are living out the great End, let’s give it a defiant laugh. For as civilization accelerates into freefall and panic – generally masked as euphoria, just as the freefall is masked as progress – one cannot help but notice how progressively surreal and unavoidably funny it all becomes. So, why not mock the great mockery until it dissolves into nothing from which it came? Come to think of it, when all is said and done, there is not much else left to do besides repentance. The world won’t be redeemed by laughing at its tail-spinning counterfeit, but it’s a step in the right direction.”

They don’t know…