Bitcoin as a “liquidity barometer” never sat right with me. Basically what they’re saying is: newly printed, easy money sloshes into Bitcoin as people yolo into speculation. Which also means it’ll slosh back out just as fickly. If Bitcoin simply tracks fiat money supply growth, adoption isn’t increasing and neither is your purchasing power. That’d be stagnation. Also, global money supply is ~+9% YoY and Bitcoin is…down, way down. The real signs of Bitcoin growing are the movement of cash balances and monetary premia flowing into Bitcoin and away from: bonds/debt, real estate, equities, fiat money, gold, art, etc.

Sorry I missed the Nostr drama, I was busy watching my purchasing power get obliterated, yet again. Adoption is dead in the water. Nobody wants to hold for 5+ years to see an increase in their purchasing power, except the absolute freaks like us who know that there’s nowhere else to go. “LoWeR yOuR tImE pReFeReNcE” is becoming a tone deaf, slap in the face to newer adopters.

I’m old enough to remember when Bitconnect offered digital credit yield.

It’s okay guys, Saylor sold the BTC so he could pay for a company wide pizza party with dollars.

“Every popular person is a controlled opposition fed” and “every current thing is a psyop” are both, themselves, demoralization psyops. If I were the CIA, I would be thrilled if targets used these heuristics because they’d be so easy to abuse. Even further, I’d plant agents into communities to spread these demoralizing heuristics.

Money is never idle. The fiat mind cannot comprehend this.

Has anyone actually seen @utxo the webmaster 🧑‍💻 IRL? The volume of notes, reactions, and fast response time can’t be human. Is this mf real?

I like the language of how segwit and taproot were soft forks that “tightened” the rules, but simultaneously blew open exploits for spam.

Many such cases. He falls into the money is a “shared illusion” error and looks at it from a historical “capitalist exploitation” lens. Fails to see money as a critical technology, whose properties determine how well it solves the Double Coincidence of Wants, MoE, SoV, etc etc. Classic missteps. View quoted note →

GM View quoted note →

Big zaps are warranted if you can prove those two claims. And if you did, it’d truly be a great benefit to everyone. View quoted note →

Claims Ocean is an attack on Bitcoin, refuses to elaborate, leaves. Claims BIP110 gives control to Luke and Mechanic, refuses to elaborate, leaves. Still waiting on explanations for these two, which I’d sincerely like to hear. If they’re legitimately true, it’d be extremely useful for everyone to hear, but you have to actually provide justification instead of squid inking away after making the claims. View quoted note →

At least Mechanic is humble enough to admit that Taproot and his support for it were mistakes. I don’t see any spam apologists who’ve admitted the same, but I’d like to. I sincerely like hearing your arguments, especially for the claims for which you’ve yet to even provide any justification, but if you don’t eat the Taproot humble pie first, I have to assume you’re either a bad actor or just not thinking clearly.

#Tolkienstr

Timely upload. Many Bitcoiners use the term “the economy” unironically. Know that if you use it on a podcast, i will absolutely look down on you in disgust.

Fountain: Podcasts & Music

Mises Media • The Two Economies • Listen on Fountain

As I see it now, there are really two economies—two distinct systems of producing and exchanging wealth. Or rather, two systems that purport to d...

View quoted note →