CPI is one of the biggest scams.
For some reason people still believe it measures the inflation.
xellox
xellox@iris.to
npub1nt2x...lhax
Building next-generation solutions for cold storage and self-custody.
The government is mostly run by unelected officials.
No wonder the democratically elected leaders can’t do much.
The value of a fiat currency is dependent on the peoples trust in the in the issuer, the government.
Once the majority of people start trusting another currency more than fiat, the system collapses.
The structure of the capital markets have to be thoroughly altered in order to shift a lot of smart people from playing in the capital markets to actually innovating.
Nothing against traders, it’s very hard to beat the market.
It’s just sad that so many talented people are using their gifts for something so unproductive as trading. They could be creating immense value to humanity through innovations and still make a lot, if not more, money.
Someone who buys low and sells high hasn’t contributed to society in any way.
Sure, they might make a lot of money doing it but haven’t done anything that actually benefits anyone except themselves.
We should have way fewer people that allocate money for the sole purpose of making more money.
Money should be allocated to create more value to society.
Sovereignty is control. Self-sovereignty means that each individual is in control of their property and identity.
A self-sovereign world is a more fair and equitable world!
Sound money incentivises the government to be more effective and use its resources in a more valuable way.
The reason why governments don’t have to be responsible and as valuable to the public as possible, is because they can print money!
Governments don’t play by the same rules as companies.
They are essentially the biggest companies that have no financial responsibility and don’t create more value than they consume.
The most valuable companies are the ones that create more value than they consume.
Since they all play by the same rules, it’s easy to see who serves the public the best.
“Never chase the hot new thing, you need to position yourself to catch the wave”
A reminder to those who just started chasing the AI wave, also to the ones chasing the crypto wave during bull markets.
People need to find a balance between analytical and unsystematic thinking.
Everything doesn’t make sense, some things can’t be explained or measured…
Engineers are the bedrock of society.
That being said, thinking too much like an engineer often leads to very narrow perspective and missing the bigger play.
It’s amazing how evolution has created so many different types of humans.
Still they have to work together to achieve anything meaningful, everyone has a part to play.
People driven by curiosity and the creation of a better world are the ones who make revolutions happen.
If you make money but are unhappy, the money makes everything worse.
If you’re really happy and make money, it can supercharge your happiness. Moderate substance use can also make your life a bit more fun, but if you’re unhappy and abusing substances, everything will go to hell!
The most unhappy people are usually the ones who get stuck doing something they hate because it pays well.
They essentially get addicted to money and can’t stop because they want to uphold their standard of living.
Once code can be written in plain english, transparency reaches a crucial point.
At that point, the source code of protocols become a type of constitution that anyone can understand.