We owe so much to these men.
Thanks, Adam Back and so many others
Caitlin Long rocks. Smart, positive, brave, persistent…
"Value honesty; don't lie."
Another reason I am drawn toward Bitcoin. It's ethical money because it's informationally accurate.
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“Aristotle emphasized the beneficial character of monetary exchanges, which facilitate and extend the division of labor. He merely denounced the practice of turning money into a fetish and desiring it for its own sake. The scholastic writers of the Middle Ages adopted by and large the same point of view, but they also went beyond Aristotle, who focused on the ethics of using money, by discussing the ethics of money production.
The scholastics did not question the legitimacy of producing money per se. As in the case of using money, however, they stated that money production had to respect certain ethical rules. Nicholas Oresme and others stressed that all coins should be clearly distinguishable from one another. In particular, it would not be licit that a minter produces coins that by their name, imprint, or other features resemble other coins that contain more precious metals. In other words, the benefits of competition in coinage result from a strict application of the Commandment...: “You shall not bear false witness against your neighbor.”
Excerpt from
The Ethics of Money Production
Jörg Guido Hülsmann
But I’m soooo curious about how everything works! I want to know it all….(but not be a Know-it-All)
If only I had more time, I’d become an expert in languages (modern and ancient), physics, calculus, cryptography, agriculture, kite boarding, electricity, music, cooking, drawing, small-engine repair, husbandry, construction, chemistry…
So, what do you all think about the Mempool (sitting at 163 blocks)?
A good thing because it shows utilization / demand?
Premise: the Cantillon effect breeds conflict 👇
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“Money production therefore redistributes real income from later to earlier owners of the new money. As we have pointed out, this redistribution cannot be neutralized through expectations. Even the market participants who are aware of it cannot prevent it from happening. They can merely try to improve their own relative position in it, supplying early owners of the new money, preferably the money producer himself.
This distribution effect is a key to understanding monetary economies. It is the primary cause of almost all conflicts revolving around the production of money.”
Excerpt from
The Ethics of Money Production
Jörg Guido Hülsmann
This take is another reason why #[1] is one of my favorite follows. Clear, concise, well-thought out.
("Bitcoin doesn't need to be legally defined as money. it just is money.")
I've never experienced the feeling of being so connected to developers before. They don't know me, but it's so cool watching as they create a product and bring value to the Nostr ecosystem in nearly real time.
Words have power, so I think the name is great! A move away from the misnomer.
My default ZAP amount is 42, because there is incredible meaning to all the Bitcoin / Nostr activity that we get to be a part of.
Zapped for your delightful explanation : )
Growing up, we’d get milk directly from the bulk tank at our neighbor’s dairy farm.
Store bought milk has always seemed fake and watery to me ever since.
(Cows -> Bulk Tank in the barn -> Milk Truck -> Dairy Plant)
Can someone share with me the .gif / video clip of the value of currencies going down against BTC over time?
It’s an animated chart, a black background, with bitcoin as an orange line moving across the top, and other currencies dropping down in value below it as they lose relative purchasing power over time.
I’ll zap ⚡️ you 200 sats as a small thank you for being a helpful search engine : )
Thanks for the link #[1] ⚡️’d
I zap to show appreciation for posts that are helpful to me,
make me smile, or show effort.
I should be asleep but I was so WOEFULLY disappointed in everyone for not knowing the Steve Martin movie I referenced in my Goodnight message that I had to pay for the YouTube rental and extract the clip so you could see it.
It's Sgt Bilko (fantastic, ridiculous film -- very underrated). Here's the clip. "Every last one of you -- with a couple of exceptions."
Now, for real, goodnight. 💜
https://media.nostrgram.co/v/79/media_79898320be046.webm
(And yes, The Jerk is a great movie, but not the one I was referencing!)
#[2] , I'm impressed by your commitment to growing not only Nostr, but also Nostriches' awareness of Steve Martin movies. Zap ⚡️ for you!
