For a principled view (from the Christian perspective in late 1400s) on "Who owns the money?"...
...scroll down to Part 6:
Property rights…
… a crucial concept at the heart of Bitcoin.
To take or augment profit by alteration of the coinage is fraudulent, tyrannical and unjust, and moreover it cannot be persisted in without the kingdom being, in many other respects also, changed to a tyranny.
Wherefore, it not only brings disadvantages of its own, but involves many other evils as either its conditions or its consequences.
For this course can only be the advice of evil-minded men, ready to counsel any fraud or tyranny, if they see a prince inclined to it or willing to listen to it.
To sum up my argument, I say that a thing which tends to bring a realm to ruin is disgraceful and harmful to the king and his heirs, my first premiss; that it extends and changes to a tyranny, my second; and that it does so by alteration of the coinage, my third.
Consequently a tax levied by means of such changes is against the king's honour and injures his posterity.
____
- De Moneta, by Nicolas Oresme
#Plebchain
#Bitcoin
Wonder about Saving vs. Hoarding?
Misers hoard their money even when spending it would be in their personal interest.
They neglect clothing, housing, education, charity and so on, and thus deprive themselves of their full human potential, and in turn deprive others of the benefits that come from social bonds with another developed human being.
Notice this definition of hoarding as pathological behavior does not refer to absolute amounts of money held.
- Hullsman, "The Ethics of Money Production"
#Bitcoin
#Plebchain
Q: What's a core difference between the way Dollars and Bitcoin work as money?
_________
A: The fundamental engineering feature of the $Dollar system is that it treats future promises of payment of money as if they were as good as present money, so long as they are issued by the government, or an entity guaranteed a lending license by the government. Dollars use a governmental decree as the token of value on its monetary and payment networks.
In contrast, in the #Bitcoin network, only coins that have already been mined can settle transactions.
- From "The Fiat Standard", S. Ammous
#Plebchain
Whoa. Now this is some revolutionary thinking related to property rights:
____________
"To secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness."
Source:
#Plebchain
Note to self:
...Produce value through daily honest work
...Spend less than I earn
...Save in #Bitcoin
#Bitcoin led me into a deeper appreciation of property rights, which in turn led me into a deeper appreciation of privacy and freedom of speech.
Definitely my favourite #Bitcoin wallet! And proudly South African too!
nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 Sparrow Wallet, super stoked with how this came out!
Powerful free wallet software. Thank you nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2
I was happily surprised at this outcome. Didn’t expect it.
Currently have Terminal window open and a browser tab, “How to Learn Linux”.
Intersting quote:
"Capitalism is merely the process of transforming chaos into something more orderly."
- Moss / Svetski, Uncommunist Manifesto
#Plebchain
#Bitcoin
Just saw nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m's talk at Bitcoin Atlantis.
It was a slap across the face.
So I am here now. Hey, NOSTR!
Glad to have you here, nostr:npub1ntvx3yt4w8495dxq9nfwkvzu53f2vulpfvhw8pkzhtnf3ed7693sh8s7r9
About time to watch The Big Short. Again.
#Plebchain
#Bitcoin
When I lack purpose, I look around for something small to make better.
Move something from disorder to order.
From uselessness to usefulness, broken to fixed.
From messy to clean.
#Plebchain
#Bitcoin in an IRA can offer tax free growth in the U.S., if you agree to give your money to someone else until they allow you to have it back at retirement age.
It's the "they allow you" part that I dont like being attached to my
money.
#Plebchain
I sing to my $51k #Bitcoin:
“In a hodlng pattern
Circling around
Hodl me and I'll hodl you darling
Til the wheels touch down
We're in a hodlng pattern
So hodl me darling
While the world burns down….”
- Nickel Creek, “Holding Pattern”
Consider running your own #Bitcoin node.
#Plebchain
A setup for holding #Bitcoin:
Sparrow + Coldcard + Bluewallet
Offers the ease of receiving Bitcoin via a watch-only wallet on a phone, but requires the hardware wallet to send.
#Plebchain
#Sparrowwallet
There was a time in my life where I didn’t know about and didn’t think about fiat f**kery. Now I see it everywhere. I’m more cynical.
“For with much wisdom comes much sorrow; the more knowledge, the more grief.”
#Plebchain
#Bitcoin
Encountered #Bitcoin in the fall of 2021 and have been falling down the rabbit hole since then.
Have yet to find the bottom.
#plebchain