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DefiantDandelion
0cf08d280aa5fcfaf340c269abcf66357526fdc90b94b3e9ff6d347a41f090b7
šŸ”ļøšŸ•ļøšŸ“·šŸŖ“šŸ„–šŸ“šŸ”­šŸ“”šŸ”¬šŸ’»šŸ‡ŗšŸ‡øšŸ§āœļø I’m cursed by curiosity. My education is in #Economics and #Philosophy. I spend time as an #AmateurRadio Operator, #LazyGardener, father, husband, and general hobbyist interests in #Camping, #Photography, Food, #Permaculture, small scale Livestock, AppropriateTechnology, ResilientSystems and design, agile, Ecology, Lean, Zone USDA 6a #Ohio I do not represent my employer XMR: 89veuC7T1g5JFbpxc2CY7KML5bAy428AhYoxWHoOJuzkET2nykfgRmPqbuDVgqi1RGfYNvcGYYSxYbtEZSNS3jC9jXU

Is this an issue with fediment and cashu? Is this working as expected or is this bad UX?

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Life is too short, eliminate all distractions.

Replying to Avatar plebiANON

nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 what does adding my nsec into your wallet enable on my end?

Does it have Nostr Wallet Connect?

No complaints looks good.šŸ‘

The distinction exists between what debt is and what the unit of account is.

Debt is not negative dollars. (Negative units) it is a promise to pay someone something in the future. So even though Charlie has a debt of 32 trillion dollars (a promise to pay someone 32 trillion in the future) it isn’t the case that Charlie has 0 or a negative number of dollars in his checking account.

Specifically if Charlie gets a 32 trillion dollar loan, that means someone gives him 32 trillion dollars today in exchange for charlie’s promise to pay it back in the future. So unless Charlie has already spent the loan he should have 32 trillion dollars in his checking account.

What Charlie has to give out as a loan to Alice is a secondary question unrelated to what Charlie owes someone in the future.

And why would Bob accept Alice’s payment when it comes from Charlie who owes 32 trillion? Because Bob isn’t getting paid with a promise to be paid in the future backed by Charlie who is at risk of bankruptcy. Bob is getting cash from Alice who borrowed it from Charlie. Where did Charlie get the cash to give to Alice. Bob doesn’t know and doesn’t care. what he is getting from Alice is non revocable. Alice has borrowed from Charlie but given what she has borrowed to Bob. Alice might get her legs broke if she doesn’t pay Charlie back. That’s not Bob’s problem. And if Alice’s failure to pay Charlie causes Charlie to be unable to pay back a portion of his 32 trillion debt that’s not Bob’s problem. Does that make sense?

Yeah we have it in south west Ohio but sounds like it has spread around a lot. I will have to give it a try.

Well, you would loan the amount if you think the return you will make on the loan compared to the risk of them not being able to pay it back is a good trade off.

Beyond that it’s individual preference but apparently there are still enough people buying bonds. However the credit worthiness has declined slightly from atleast two of the rating agencies I believe.

Again, are men more likely to get hit by lightning? If you really mean this, then while walking in a field two people one man, one women, same hight, you would be saying it’s more likely for the man to be struck by lightning.

Or does the data really suggest that men are in situations where they can be struck by lightning more often.

If you control for that, what variation may still exist may be again explained by the height difference not necessarily the difference in gender. Or some other artifact like (just making this up) men’s shoe choices and the conductivity of them.

Only after you have removed all these effects is what is left over actually the effect of the gender itself.

This is very hard to do and there is nearly no end to the confounding factors which may be present.

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In reply to the Jared Bernstein video.

My understanding of what he should have been able to say:

The government prints money primarily to replace bills and coins in circulation. While It taxes and borrows money to finance government operations. When the government borrows (foreign or domestic) or taxes the public, the money is ā€œcoming from somewhereā€ and so the money supply is not as increased as if the government would finance itself with new money ā€œcoming from nowhereā€ by just printing it. When the government prints to finance operations, essentially every dollar spent is a new dollar and it dilutes the value of all other dollars in proportion to their existence in circulation. AND then when the government pays payroll or pays contracts, that money is put into banks by people and companies and additionally the fractional reserve banking system increases the money supply through the money multiplier effect. (Essentially the government debt held by a bank can then be used as collateral for loans to they bank which they can then loan out at an interest rate higher than the interest rate they are paying, which cascades into a number of other loans. So the loan then gets deposited and loaned again to some limit determined by the policies of the FED and market dynamics)

When the government finances from borrowing, the only inflation that occurs is from the money multiplier effect not on any direct increase in currency in circulation.

When the government finances purely from taxes therefore, no debt created, then there is no inflation.

Here is an example of lies, damn lies, and statistics.

The cdc compiled the total annual deaths by animal to find out cows are more lethal than sharks. Well no.

Because what they should have done is taken the fatalities and normalized them with estimated human proximity hours. Cows kill more people, but a lot of people are handling a lot of cows everyday.

While an incredibly small number of people are within proximity to a shark. Once normalized for proximity hours I would be willing to bet your intuition about which animals are the most dangerous is about right.

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The AI companies were already using it. Cut GPT etc. This just means this particular AI company won’t get sued by Reddit.

Don't Miners already pick by choosing what pool they will mine in? How is 3 any different than any other pool? I thought ocean was supposed to be the alternative. Seems like by adding option 2 or 3 they are surrendering or find themselves drawn to the money like everyone else…

What if non- quote reposts were removed from the main feed and appeared in a different tab of ā€œrecommended notesā€ or some other name that was just what your network was reposting. And each repost was deduped to just the unique post with the profile image for each npub that reposted it? You could then order by the number of npubs reposting?