SovereigntyQuest
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The book can be downloaded for free on the website.
The Great Taking
The Great Taking
👀
Just over half way through this book. Written in 1956.
A line from the book......
"The need to find conspiracies, to discover persecutors and criminals is another schizophrenic manifestation. It is psychologically related to an infantile need for a feeling of omnipotence. Megalomaniac feelings grow better in an atmosphere of mysterious secrecy. Secrecy and conspiracy increase the delusion of power. That is why so many people like to pry into other people's lives and to play the spy."
“Marxism is a doctrine of blind confidence that a paradise of universal satisfaction is awaiting us just around the corner…it is a caricature and a bogus form of religion, since it presents its temporal eschatology as a scientific system, which religious mythologies do not [even] purport to do.”
Leszek Kolakowski
Polish historian
The Origin of Suffering.
Observe.
You don’t read enough anon. What’s happened to your concentration?……scroll, flick, click.
Observe your mind not your screen…….scroll, flick, click.
But this media is free from algos, it’s a righteous cause……scroll, flick, click.
Your government, your enemy’s government is circling you like a vulture. Preying on your mind, tossing it around and picking at it like a carcass…….scroll, flick, click.
I’m right, they’re wrong…..scroll, flick, click.
I’m good, they’re bad…..scroll, flick, click.
I’m different, they’re the same…..scroll, flick, click.
You are the yield for influencers and engagement farmers. Your dissatisfaction, desire and insecurity are the hungers that drive you in search of the bait…….scroll, flick, click.
Look at me, listen to me, like me. Follow me, mute me, block me……scroll, flick, click.
Be envious of me, praise me, respect me……..scroll, flick, click.
That makes me angry….scroll, flick, click.
That makes me happy…..scroll, flick, click.
That makes me worried……scroll, flick, click.
No time for freedom of the mind, I’m busy in my screen……scroll, flick, click.
Scroll, flick, click.
Scroll, flick, click.
Scroll, flick, click.
😎
What percentage of people that hold cash, self custody it in a safe?
From October 2023. A quite interesting, albeit academic, look at the (potential) relationship between the "fullness" of a block and the ability to commit a "nefarious" transaction. To quote the introduction ......."We predict that as the blocksize approaches this
limit, the fullness of the block functions as a deterrent to nefarious actors that are attempting a cryptoexchange security breach or cryptoexchange fraud. The Fullness of a block is a sign of congestion. This congestion makes it more difficult to launder stolen funds through the network and successfully exit. We hypothesize that this congestion effect increases the
security of custodial wallets. We find that block fullness is negatively associated with the incidents of successful cryptoexchange breaches and frauds, that involve bitcoin. We also find that this rise in security is a positively associated determinant of bitcoin’s value."
https://deliverypdf.ssrn.com/delivery.php?ID=437004004092114098125081006119084100113004071015039058088004018119001117065102114025101010116127126036124016108125075007017016016015022093033076006017017087115073027005089055101012126002121127089117119031120008082078120081022112117119068127023107027086&EXT=pdf&INDEX=TRUE
Here's "The Political Economy of Bitcoin" (2014 Hendrickson, Hogan and Luther).
https://deliverypdf.ssrn.com/delivery.php?ID=517114114008125115088095082082084121042008063067056033068110122025116094111004080102027022096016013008018068082008070116092100028042091029065096115005068002098087067041041066021119115085070095121077095122011115083002024064092086106003105110022112068009&EXT=pdf&INDEX=TRUE
For those of you who enjoy academic papers on economics and Bitcoin here is a link to a whole variety of work. I was searching to re-read "The Political Economy of Bitcoin" (Hendrickson, Hogan and Luther 2014) which I read many years ago and wanted to see how that paper stacks up now 9 years later.
I came across this Research Paper site and thought I'd share with fellow interested nostr folk.
https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=523582
“[Capitalism assumed] that from the beginning all men are equal. If that were so everyone would be equipped with the same working power, the same education and, above all, the same economic assets … each person would [then] have only himself to blame if he did not succeed.”
― Knut Wicksell 1851-1926
These geezers keepin it real😎
Lady in the market had a T-shirt that said "BLAME SOCIETY"
Got me thinking deeply for a Sunday morn
🤔
An interesting article that examines the Fractional Reserve Banking System from a Austrian School of Economics point of view. Just published a few months ago and at 15, or so, pages long is a fairly quick read.
https://www.researchgate.net/publication/373474312_The_Ethics_of_Fractional-Reserve_Banking_System_A_Private_Property_Rights_Approach
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Some information about weights used in measuring precious metals.
An ounce that is used for measuring weight for general items (Imperial ounce) is 28.35 gms. There are 16 ozs in an Imperial pound.(453.6 grams).
An ounce that is used for measuring weight of gold and silver (Troy ounce) is 31.1034768 grams. There are 12 troy ozs in a Troy pound (373.2417216 grams).
Gold and silver collectors, particularly coin collectors, should be aware of this difference as it is of MASSIVE consequence if they are unaware and liable to be easily confused and potentially scammed by unscrupulous metals dealers. Gold and silver coins are quoted and weighed in Troy ounces not Imperial ounces. Mr Frisby!
Of additional interest, and pertaining to the recent Freedom Footprint video, is the value of a “pound of silver”, the origin of the term pound sterling.
This system was adopted in Britain in about 800AD and was based on the French Carolingian monetary system that was implemented in France by Charlemagne where the “Livre”(L became origin of £ sign ) was designated as equal to a pound of silver.
To confuse matters even more in Britain the “Tower Pound” system, slightly different to the “Troy pound” system, was used up until 1526 when Henry VIII decreed that the “Tower pound” system be ended for minting money and the “Troy pound” system be the standard.
This system was adopted in Britain in about 800AD and was based on the French Carolingian monetary system that was implemented in France by Charlemagne where the “Livre”(L became origin of £ sign ) was designated as equal to a pound of silver.
To confuse matters even more in Britain the “Tower Pound” system, slightly different to the “Troy pound” system, was used up until 1526 when Henry VIII decreed that the “Tower pound” system be ended for minting money and the “Troy pound” system be the standard.