james

#photography

River life https://m.primal.net/PFlq.mov #video

Occasionally, for reasons one can't explain, ones heart races. #photography

Strange water #photography

#BWest - Bitcoin Bristol Conference Takeaway I'll never look at an online review the same again after Nathan Day explained the challenges and some of the decentralisd solutions to the problem of verifying physical places in the online world. Nathan also talked about web-of-trust, which I thought I understood, but clearly more nuanced than I had realised and while there are possibilities for developing better webs of trust, there are also downsides. Interesting. We can support locally by doing some verification on the BTC Map at www.btcmap.org Also by simply asking vendors if they accept bitcoin.

#BWest - Bitcoin Bristol Conference Takeaway I wasn't expecting an ex Goldman Sacks derivative trader to be presenting at the conference, but it goes to show the quality of speakers the team at Bitcoin Bristol put together. Joe Bryan's was a creative presentation of the problem underlying the current fiat money system. Avoiding painting a simplistic picture of 'government as evil', Joe explained, in an easy to understand way, the issues which arise when the the government has control over the money system, in particular money creation. Check out Joe's video for yourself @ https://www.satsvsfiat.com/

Great opening talk from Joe Bryan - What's the problem? Follow on X @satsvsfiat Will try and convert to nostr. #BWest

This on the BBC on my way to BWEST. https://bitcoinbristol.org/#conference https://www.bbc.co.uk/sounds/play/m0024x46

As soon as I read this I wanted to post it, something must have reasonated. "The serious problems in life... are never fully solved. If ever they should appear to be so it is a sure sign that something has been lost. The meaning and purpose of a problem seem to lie not in its solution but in our working at it incessantly. This alone preserves us from stultification and petrification." Jung, 1931, The Stages of Life

Clear evidence of progress in nostr-verse thinking. nostr:note1fsfqja9kkvzuhe5yckff3gkkeqe7upxqljg2g4nkjzp5u9y7t25qx43uch

The journey ahead. #photography

I have not heard of this case before, but it's a good example of the willfull anti-competitive power of Google. Their case against Google took, in total, 14 years to go through court. The majority of businesses and consumers are trapped between a rock and a hard place in terms of having no option but to continue using the products and services of big tech. It would be interesting to know how they would advise a startup business today. https://www.bbc.co.uk/news/articles/cjr431lr72jo

"If BTC ever becomes a ubiquitous alternative... allowing people to escape dollar inflation... expect the feds to make it illegal, tax it, or regulate it so much that it poses no threat to them. Fed researchers and strategists are already laying plans for it." Bill Bonner

https://researchdatabase.minneapolisfed.org/downloads/fj2362424 Abstract In an economy with incomplete markets and consumers who are sufficiently risk averse, we show that the government can uniquely implement a permanent primary deficit us- ing nominal debt and continuous Markov strategies for primary deficits and payments to debtholders. But this result fails if there are also useless pieces of paper (bitcoin for short) that can be traded. If there is trade in bitcoin, then there is no continuous Markov strategy for the government that leads to unique implementation. Instead, there is a continuum of equilibria with distinct real allocations in which the price of bitcoin converges to zero. And there is a balanced budget trap: continuous government policies designed for a permanent primary deficit cannot eliminate an alternative steady state in which r - g = 0 and the government is forced to balance its budget. A legal prohibition against bitcoincan restore unique implementation of permanent primary deficits, and so can a tax on bitcoin at the rate -(r - g) > 0.

Has anyone picked up on this? The coordinated government pincer movement on bitcoin has begun. https://researchdatabase.minneapolisfed.org/downloads/fj2362424

Layers #photography