Fiat currencies are a form of control.
Good examples would be the capital restrictions on China, Argentina, Nigeria…
xellox
xellox@iris.to
npub1nt2x...lhax
Building next-generation solutions for cold storage and self-custody.
Less government is better than more government.
The free market should decide, but there are some rules and norms that we should agree on.
The advent of AGI is accelerated by the massive data collecting that’s done by big tech.
Once AGI is achieved, we shouldn’t be feeding it any more relevant and personal data.
Generalists are usually the best at seeing the bigger picture.
They’re not specialised in anything and usually need a lot of help, but can combine knowledge from different areas.
Technology is impossible to regulate.
You can regulate how people use different types of technology, but you can’t ban innovation.
Cash cannot be banned.
Sure, you can ban dollar bills but people will always have something physical that has value and that can be traded for something else.
The banking system is always "sound and resilient".
No matter how many banks collapse...
The biggest problems are usually solved by people from the outside.
They’re able to see another angle, the bigger picture, something “experts” aren’t able to see.
Only 10% of the gold we’ve dug up is actually utilised in industry, the rest is sitting in bank vaults.
That means 90% of the energy used for gold mining has been a complete waste.
We shouldn’t assign an artificially heightened value to something with real intrinsic value, take gold for an example.
Listen to Peter Schiff on Jordan Peterson.
He’s essentially a bitcoiner with some serious blind spots in economics, computer science and philosophy.
Bitcoin, AI and AR are big paradigm shifts that will gradually happen in the next 30-40 years.
AR is probably not going to be as big as the other two. AI will do more for productivity, bitcoin will do more for equality.
It’s up for debate which paradigm shifts are a once in a century and which are a once in a decade.
Paradigm shifts happen once in a decade.
One in ten paradigm shifts are truly revolutionary and change everything.
Digital property is better than physical property in every possible way.
We’re freer to innovate in physical space if our property is in cyberspace.
Putting content behind paywalls online must be a very frustrating thing to do.
You know it’s going to leak and people can ultimately get it for free but you have to do it for the creators.
Bitcoin makes capitalism great again!
Cristopher Columbus discovered the Americas. He was a pioneer.
The Spanish Crown promised him 10% of the land he found when he set sail, you can guess if that really happened or not…
Unfortunately, it looks like countries with high inflation are moving to a slightly stronger fiat first instead of a adopting hard money.
It’s arguably good for a new industry to be “the wild west” for a period of time.
Innovation can happen faster, the real utility can be found. Ultimately, it’s for the best to establish clear rules.