Nostr Web Client

Drive chains is interesting and I was fascinated by it when... Uhh who was it that suggested them when we were talking the other day? Someone important I think... But its a pretty radical change, so that alone probably dooms it.

Liquid isn't a coin and it doesn't change anything in bitcoin. Idk much about its workings beyond "federated" - whatever consensus it uses, it has to dodge the danger of hashing. There can be only one! Or, there can be only one that's secure.

I guess what I most like about Liquid is that it plays the power game - power like, armies, not lightbulbs. That's also a big reason I like bitcoin. "Winning," as I envision it, involves the people who speak the language of power adopting bitcoin into their lexicon. Liquid can speed this up by bridging tradfi into the future world of energy money. Stocks and bonds aren't going away, and power is largely denominated in stocks and bonds. Getting stocks and bonds on Liquid, traded in bitcoin, is like getting a two eyed fortress in Go/Weiqi and reorganizing the grid around around it. We're playing a power game.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

have you read Robert Greene's book "The 48 Laws of Power"?

all "assets" are just casino chips in my opinion and where you have chips you have a House who always wins

you simply don't need equity financing if people can save money, because they can just band together and form a company funded with their savings and run an enterprise

public equity is just gambling, and can be just as damaging to the "winners" who get piled in on and then cashed out

i don't think it's interesting, the incentives are a net negative and the only "winners" are those running these shitcoin casinos

Reply to this note

Please Login to reply.

Discussion

Comte de Sats Germain 1y ago

Right. The game is rigged. Stocks are a shitcoin casino, and overall their value must drop relative to bitcoin. We have a superpower because we can see this. But the people who benefit from the rigged game are the power players who we need to win over. Don't misread that - bitcoin is resilient and will win either way, but the path from here to there can be less painful or more painful depending on how we integrate with existing power structures. And yes, there are dangers to being too ready to integrate - we have to be inflexible in nature while flexible in application.

Comte de Sats Germain 1y ago

And not just drop relative to bitcoin - sound money means stocks will drop relative to real things.

Land value loses to bitcoin, but still wins over stocks in the long run.

Stocks can be "fixed" by copying bitcoin's inflexible supply. Additional stock issuance should never have been legal in the first place.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

stocks are not money, they are a loan to a company

land is only as valuable as its various money-making benefits provide... location is central, because it lowers the key energy cost of transport, and relative to the biggest amount of customers is another aspect of this, there is many, and then there is what you can actually do with the land, such as flat land being good for cities or fields of corn or herds of cattle, whereas slopey land is maybe useful for hunting or tourism

nothing can change the fact that neither of these types of property have moneyness, and it is only fiat that by its constant debasement makes their relative moneyness higher against cash than it otherwise would be

Comte de Sats Germain 1y ago

I'd only quibble that a stock is supposed to be ownership of a company. But I know you know that...

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

private equity is that, you can go to a court with a claim about that

public equity is still casino chips. you go to the SEC, who are not a court

Comte de Sats Germain 1y ago

Ah yeah, the preferred stock scam... Isn't it remarkable how people have inserted these little exceptions and rules into everything to benefit themselves at the public's expense?

Well if I was king of the world.... Lots of amazing things would happen... And one would be that stocks can't be issued again after their creation and there would be no separate classes of stock for one company. This shits dishonest...