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Eternal Student
eternalstudent@nostrplebs.com
npub1lvac...l5gg
Interested in freedom, Appropriate use of technology to empower rather than oppress people
Not that I have a giant #bitcoin stack,but there is still something that I'm having trouble following. While I totally understand and agree that we want to avoid moving between fiat ant Bitcoin networks as there is a loss at each trade, How does everyone work in a world where most of the economy is still in the fiat/dollar world? If for example Satoshi came back and claimed his bitcoin how would you advise him? transfering small amounts to dollars at a time, only buying from bitcoin only companies while undestanding you'd have some items you simply couldn't get, or some third thing?
I'm looking into joining the porcupine fest in New Hampshire. Had anyone been before or can you offer any advice? In a first timer and not prone to spontaneous social interaction. Porcfest.com
Between listening to this podcast and Lynn Alden's broken money I have two requests. 1. Can someone point to the change in rules that moved from 10% reserve to no reserve? 2. Loaning (on theory) is based on an assumption increase in value based on actions taken with the loaned value, for example I cam work because I borrowed money to buy a car, therefore earnings by having that car bring more value to me and enable the repayment of the car loan. Yes that increases only supply based on the loan, but supposedly with this increase in my theoretical income. What am I missing? So long as the bank takes the risk and losses are not bailed out (socialized) what is wrong with this?
My thought for the day: "bitcoin didn't make me rich, but did protect me from being poor" I'm okay with that.