“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.”

― Frédéric Bastiat

Think about how artificial a 50-year mortgage is.

It's 5-7% for some amount that's at least 6-figures where the term is unknown due to possible repayment at any time.

Would you take the other side of the trade? Would anyone? The term is too unpredictable, the amount too much and the interest rate not nearly enough for all the risk.

Yet these happen all day long because they're not loans created from savings, but loans created from nothing.

50-year mortgages are an abomination. But so are all other mortgages that come from nothing.

An opportunity to create value for others exists precisely BECAUSE so few people understand said opportunity.

It’s a thing to celebrate - not get mad about.

luckily – or sadly – cypherpunks have enough work to do for the foreseeable future given how the world around us develops, not just bitcoin.

bitcoiners suffer from an isolationist mindset. we should be seeking collaboration across all branches of freedom fighters. we should be leading these efforts, craft alliances, directing the vision.

instead, many are even proud to live in their own small little bubble in which weak ideas can flourish without being challenged or without ever having any meaningful impact on the world.

we should be at the center of the global fight for freedom and we should be shaping the future of coming generations.

We should not expect people who prioritize feelings over reality to have the capacity to be honest. If a person considers themselves a woman because they "feel" that way, despite having a dick, then they cannot even be honest with themselves. Their definition of "honest" is literally based on arbitrary whims, so when things do not go their way they will "honestly" tell you that they feel like it is the fault of anyone but themselves. When caught in a lie they will again ramble on about their feelings. They are not interested in objective reality.

nope

tate is 🤡

stack sats

A big conservative political podcast (seven figure YouTube subscribers) asked me to come on and talk about bitcoin (sat next to them on the plane out of the May conference in Vegas, which sparked their request).

Last week when I went on the show, they decided to emphasize a talking point of why tariffs are great and will usher in a golden age, and some questions about bitcoin.

When asked about tariffs, I generally disagreed that they would be bullish or usher in a new golden age, mentioned that the past three months of data doesn’t show a decline in import prices which means it has been a tax on Americans, and eventually we moved to discussing bitcoin.

They ended up not airing the talk, and instead ran the clip with someone else who agreed on the tariff points. Waste of time, basically.

It’s a reminder that a big percentage of what you see in heavily politicized media is about narrative framing and talking points rather than genuine attempts to discuss or explore. It reminded me why I normally decline to go on political shows; I had only agreed to this one because the catalyst was in person and so the agreeable side of me was like “sure, why not”.

Well, that’s why not.

Did a presentation yesterday with ego death team to over 80 funds, family offices, and high net worth individuals. All smart and curious. Just caught in the wrong frame of reference - like we all were at one point.

…And….Every time I do a presentation, talk or meeting (outside of #nostr ) it reinforces how unbelievably early we are on this journey.

One of the reasons, I was early and so intrigued with the internet, is that the smartest people I knew were moving their time to it. (Before it was captured by broken money)

The same thing playing out on the #bitcoin protocol with a massive added plus…..Not only the smartest/most curious people, but generally those with a high level of integrity and aligned values.

Feel so much gratitude to you all!

And good morning.

“IF BITCOIN IS SUCCESSFUL APPLE WILL BAN THE APPS. WE SHOULD JUST USE APPLE PAY.”

“IF NOSTR IS SUCCESSFUL APPLE WILL BAN THE APPS. WE SHOULD JUST USE X.”

BOTH TAKES SHOW A LACK OF UNDERSTANDING OF OPEN PROTOCOLS AND OPEN SOURCE CLIENTS.

DO BETTER. BE BETTER. FREE MEN DO NOT ASK PERMISSION.