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DefiantDandelion
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🏔️🏕️📷🪴🥖🐓🔭📡🔬💻🇺🇸🧐✝️ 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

Well have you Nostriches been ‘Naughty’ or ‘Nice’? Hellthread is here!

Merry Christmas ya filthy animals 🎄🤣💜

Me-Marie = An attempt was made!

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You mean like a coffee shop, or a library, or a hotel, or a different ISP, or your neighbors WiFi.

My friend… I looked it up for you. I was hoping you would as I thought it would help you see my point. Germany has a 10% Tariff on US cars. We have a 2.5% Tariff on German cars and 25% Tariff on German trucks. Germany has a 5% Tariff on US Steel, We have a 20% Tariff on German Steel. I’m sure there are other product categories with differential tarrifs. Reflect on this and our discussion. You may yet be able to escape the cognitive dissonance. Good day sir.

I’m not your personal assistant. You can dig that up yourself if you want to discuss it. But when a country imposes a tariff on a product of ours like cars, we don’t impose an identical magnitude tariff on an identical product from them. We retaliate with a tariff on a product that will do similar damage or protection. Since the countries specialize in different things an identical tariff won’t have the intended effect you want to have if you are trying to retaliate. Instead we have to retaliate with a tariff on that countries steel or agriculture or chip manufacturing.

Threats of violence are used for bargaining and leverage. You are assuming like a good libtard that the other party involved, (Russia) won’t fold to US demands.

I think the above argument is dumb. I think it remains dumb when you replace violence with tarrifs and replace Russia with Russia or China or Mexico or Canada.

It’s dumb because if you are unwilling to do the thing you are threatening then you don’t have a credible threat. So if they don’t capitulate then you are locked into proceeding with your threat or else loose credibility. And it’s easy to find yourself threatening what you never intended to carry out and get yourself trapped into harming yourself with tarrifs that you never wanted.

I would be fine with tarrifs in so far as they would be aligned to a consumption tax regime. But as you said tarrifs are being used as leverage here and if we miscalculate and the other party doesn’t budge, or reciprocates, it starts a trade war of increasing tarrifs in a tit for tat manner just like military action does. And ultimately they move in the same direction, you don’t go to war with a trade partner, you end trade first and when there is no more trade to eliminate then you go to war. I would rather leave mutually beneficial trade on the table rather than walk in the direction of war (For China, Russia, or any other Nation) without a real threat to ourselves.

“Look at all the countries that have tarrifs on the US, why is it ok when they do it but not ok when the US does it back?”

There are already reciprocal tariffs inplace between us and those countries. This is a threat to increase. And just like in war an escalation can lead to either capitulation from the other side or reciprocal escalation.

Reciprocal escalation leaves the populations of both countries poorer for each round of tariffs as the prices rise.

The caution against tariffs isn’t because I don’t think there isn’t a chance they will work, it’s that there is a chance they won’t and then we are locked into the absurd threat by politicians in either country unwilling to backdown and look weak.

I was looking at their designs and uses, who used them, what regions, looking to see if they would be practical for me. I may try them at some point. I have no practical experience.

nostr:npub1n0stur7q092gyverzc2wfc00e8egkrdnnqq3alhv7p072u89m5es5mk6h0 Changing the font size in the settings of the phone appears to not affect the font of posts that have already been loaded? But does change the font size of names and links. It also doesn’t seem to increase the font of drafting notes when writing a note.

https://video.nostr.build/5bf1a0d3082e7282cf7f7a0688bbb0f582ec24631e895da523407355fdb7774d.mp4

🎯I’ve moved to ocean for the same reason.

At 500W (499) I get about 81 watts per TH/s and at 300W (306) I get about 92 watts per TH/s.

You mean you want to be able to go from 750W to 500W to 300W without the boards dropping their Hash rates to zero before ramping up again?

Or something else?

“Start from scratch”

I just assumed this was a procedure to not burn up the ASICs by 1) stopping hashing, 2) run fans at full speed, 3) set fans according to configuration, 4) then ramp ASICs to Energy consumption configurations, 5) monitor temperature as the ASIC ramps.

If you mean they should be able to overclock and underclock without needing to “tune” to learn the stable set points I guess I don’t know enough to have an opinion. Once the set points are “learned” you can bounce between them without “tuning” with only the procedure above between the set points.

Do you have the same opinion on threats of violence as you do on threats of tariffs?

They would both be leverage in action.

It’s not the case for example that they are only idle threats, tariffs were levied by Trump, and they were kept in place by Biden.

Tariffs reduce trade.

I’m concerned about the tit for tat growing beyond what individual actors wanted. I’m concerned about the costs of untangling economies. I’m concerned about the costs of permanently not taking advantage of the trade surpluses both countries get when they trade voluntarily, taking advantage of the differences in skills, labor, and capital to allow specialization. I’m concerned that tariffs will make everything more expensive fundamentally because it’s going to be made in places with higher costs to produce the same thing without an increase in quality. This isn’t inflation in the sense of the money supply, it’s restructuring the fundamental way things are produced and where they are produced. I’m concerned if you don’t trade with your enemies you take one stop out of the road to war with your enemies. I’m concerned if you don’t trade with your allies, they will seek trade agreements with your enemies. I’m not a member of the left.

Crap in what sense, yes the hash rates are lower. But the energy consumption per TH/s may not be optimal at the highest hash rate either. In practice the big challenge that I have seen with s9 is that you want to make sure you aren’t just mining dust that will be lost to expensive utxos or never make it out of the pool due to payout thresholds.

Replying to Avatar f0xr

Of all the common misconceptions about money, this is the deepest and most pervasive. It taps into the very psychology that makes money the most powerful tool in the world. Money works in large part because, for most practical purposes, you can assume that money and wealth are the same thing and be very successful in life.

The problem is, it's a completely false premise. And without purging that assumption from your mental framework, understanding money and economics at a fundamental level is impossible.

Luckily, money is such an effective tool that it can continue to "mostly" function even without anyone understanding it at a fundamental level. It's a lot like gravity in that regard. You don't need to understand general relativity to learn how to walk. But unlike gravity, money is a powerful tool that can easily be used to exploit the less knowledgeable. That's why the general acceptance of this particular false idea is such a tragedy; it enables theft and exploitation on a global scale, and leaves the victims unable to identify the perpetrators or understand their methods.

## Money as a Social Technology

So let's unpack this misconception. We can start with a simple example. You've been shipwrecked on a desert island with only the clothes on your back. After a day under the blistering sun, you're presented with two options: a billion dollars in cash, or a case of bottled water. Which one do you choose? If you chose the water, congratulations. You survived because you were able to differentiate money from real wealth.

Now run the same experiment, but place yourself in the water aisle at Costco. Suddenly you choose differently. This shows a few key requirements for money to be useful. One, you need the real wealth, the actual goods and services. If there is no bottled water on that island, all the money in the world won't do you a lick of good. Two, you need someone willing to exchange the real wealth for your money. If you're alone on that island and you find a bottle of water, you don't need money to drink it, you just help yourself. Both requirements are essential.

This shows us that money is a social technology. Understanding the purpose and function of this technology is critical to dispensing with misconceptions like "money=wealth".

## Money and Civilization

What's the difference between a subsistence hunter/gatherer lifestyle and the modern civilization we all enjoy today? Specialization of labor, and complex supply chains. And what enables those civilizational necessities? Money.

In a subsistence situation, everything you have is created start-to-finish by you or by your immediate family or tribe. Everyone has to be a sort of jack-of-all-trades, at least at a group level. If you want a shelter, you collect the natural materials and build it yourself. If you need clothes, you collect the fibers or skins, process them, and use the fabric to sew your own outfit.

Contrast that with the electronic device you're using to read these words right now. How many people does it take to build a smartphone? Millions. Can one person do it? Absolutely not. You could give anyone in the world an entire lifetime and there's no way they could mine, process, and assemble the raw materials into a functional smartphone. It's simply too complex, too many processes and too much specialized knowledge and machinery needed. Not to mention doing it at a cost that most people on the planet can afford. That miracle is only possible because millions of people specialize in one tiny specific task related to making one part of a complex item, over and over again. The efficiency of only doing one specific task instead of being a generalist is what makes civilization possible.

But there's a problem. The person who's doing one specific task to make part of one widget still needs to eat, have a place to live, clothes to wear, etc. But how do you get all that while working a full time job making widgets? You can't do it all yourself, you need to buy those things from someone else who, similarly, specializes in those necessities of life. You need money. Money is what makes the whole thing work.

## Money and Barter

So what exactly is money and how does it work? In a subsistence society, you can use barter to trade with strangers. You give them some fish, they give you some clothing, everyone is happy. But barter has major problems, and doesn't work at all in complex supply chains with specialized workers. Specialized jobs don't produce valuable finished goods that can be bartered. When you solder circuit boards all day, you can't go to your local farmer and trade ten "solder circuit board" for a dozen eggs.

Enter money. Money solves multiple problems that arise with barter. For one, it creates a way to compare extremely dissimilar things. How many fish is a pound of butter worth? How many eggs? With barter, every good or service has to be priced in relation to every other good or service it's exchanged for. This is impossibly cumbersome and inefficient. Having money as a unit of account is as essential to trade as having a uniform inch is to building a house. A single carpenter might be able to use the width of his hand to measure boards, but get two carpenters working together and that "handbreadth" no longer works.

Second, money solves the problem of not having the correct item to barter with. If your neighbor has butter and you have fish, but your neighbor hates fish and will only accept a chicken, barter won't work. But if you can just pay him with money, he can go buy whatever he prefers.

Third, money creates a way to value and reimburse specialized work. That's arguably the most important aspect.

## The Social Contract Underlying Money

So what makes money function? Why would someone accept a piece of paper with a picture of a dead president in exchange for a very real and very valuable good or service? Well, the obvious answer is that they can be certain they'll be able to exchange that piece of paper with someone else and get an equally valuable good or service in the future. This is circular logic though, and leads some economists to mistakenly attribute the value of money to a "collective delusion". But since every known advanced civilization has used some form of money, calling it a delusion is both inaccurate and boorishly pretentious.

To understand the real mechanism behind the phenomenon, we have to consider how money is acquired. As anyone who has ever earned an honest wage knows, getting a paycheck requires two things. One, producing a valuable good or service. And two, giving that good or service to someone else instead of immediately consuming it yourself.

The first point is self-explanatory. If what you produce isn't valuable, no one will buy it.

The second point needs a bit more explanation. Money is a social technology, it's only valuable in a purely monetary sense when there's someone else to trade with. When you make yourself a few eggs for breakfast, you don't pay yourself for frying the eggs. Obviously. But if you eat your eggs, then go to your job as a short-order cook at the local diner, you may spend the morning getting paid to do exactly what you did "for free" at home. The difference is in the deferred consumption.

When you do a favor for someone, morality and the spirit of fairness dictates that they would be willing to return the favor in the future when you need something from them. That's how it works in a family or small community. People "owe each other one," and favors are reciprocated regularly without any money changing hands in a kind of informal credit system. But if one person starts to take advantage of others' generosity and requests a lot of favors, but always fails to reciprocate when asked, people catch on quickly. The parasitic behavior will be met with increasing unwillingness to help from members of the family or community, and in extreme cases, even exile from the community itself.

This informal credit system is the simplest and most fundamental form of money, and we can learn the basic principle behind why money works by observing it. We can see that a person accumulates "credits" by contributing productive value to others without getting anything in return. The "credits" are informal mental ledger credits that represent "this person has done something productive and valuable for someone else, which means he deserves to receive something valuable in the future." If a person contributes generously enough to the community, he will build up so much "credit" with everyone that he can expect generous help in return from any member of the community.

The shortcomings of this informal credit system are that one, it doesn't provide a unit of measurement to compare different goods and services accurately. This can lead to misunderstanding and disputes when different people don't value services the same way. Someone can feel that they are contributing more to the community than they're getting back in return. And two, it relies heavily on trust, and only works between people who interact on a regular basis. It would be foolish to provide favors to a stranger of unknown reputation, or someone who's just traveling through the area, because in either case there's no expectation of establishing a reciprocal relationship with that individual.

Money is just a way to formalize and expand that local, informal mental ledger. It's a way to keep track, on a societal level, who has contributed their fair share to the community and is deserving of reciprocal treatment. When someone buys something from you, although you don't consciously think through what's happening, on a subconscious level you're participating in a societal dialogue that goes something like this: "This person has money, which means they're a capable, generous, reciprocal person who has contributed more to the community than they've taken. Fairness dictates that they deserve something of value as a reward for their pro-social behavior. By taking their money, and giving them something of value, I can perpetuate the cycle of rewarding people who generously and capably do work that benefits others, and that will be beneficial to me personally and also to society as a whole. By having the money they give me, I can then also signal to others that I'm the same type of generous, reciprocal, productive person, and I can expect to be rewarded for that in the future when I try to exchange this money for valuable goods and services."

So the money has value, not because of some inherent quality of the paper or gold or mental "credit," but because it represents past productive behavior, but without immediate consumption. The money itself is not wealth, it's just an abstract representation, a kind of scorecard or ledger entry, of the real wealth that the holder of the money has already produced.

## Money and Capital Formation

This dialogue or unwritten contract is the foundation of modern civilization. It's powerful, because deferred consumption is the mechanism of capital formation, and capital formation is the foundation of complex supply chains and technological progress.

You might be able to catch enough fish to feed your family with a crude rod and line. But building a modern fishing trawler (a valuable capital good) takes thousands of people working together for a long time. All that hard work doesn't result in any fish being caught throughout the process, and all those people could instead be out fishing and catching a lot of fish to eat. But by deferring that consumption and instead putting that effort into building a capital good, you end up with a huge fishing trawler. Once it's finished, a few of those thousands of people can catch more fish in a week than all the thousands of them combined could have caught over the whole time it took to build the trawler. That makes fishing much easier and more effective in the future, making food much more plentiful and increasing the standard of living for the whole society. And money is what makes all that possible on a global scale.

## Final Thoughts

Given how critical this system is to civilization, any attack on money and its function is an existential threat. Unfortunately, a failure to understand the true nature of money leads to reliance on less nuanced or completely false ideas like "money=wealth". And that gives psychological cover to parasitic anti-social behavior like creating money and giving it away to buy votes, and all sorts of other destructive and dishonest shenanigans. Understanding that money is not wealth exposes the folly of all these schemes that purport to make people wealthier simply by creating more money. Believing that money is wealth makes the MMT clowns and the Keynesian grifters sound at least marginally credible. But those are specific misconceptions that need their own detailed explanation.

For now, reprogramming your mental framework to draw a strong distinction between money and real wealth will give you a solid foundation to understand economics, and to critique the many incorrect theories presented by the parasitical elements who wish to muddy the waters and avoid scrutiny of their anti-civilizational exploitation.

I agree with many of the points. It might be interesting to consider the perverse things done to money directly, creating more of it without the good to society that is supposed to be required for money to be compensated, (inflation) and compare it to other perversions of that social utility like theft and fraud and other examples where there is a conceptual break between when a person gets a lot of money but didn’t “properly” earn it. how that too undermines the value in the system. Or what are the limits to this?

OPEC is a cartel that sets the agreed quantities pumped from each country that is a member of OPEC. The US is not a member of OPEC. We can choose to pump any amount we wish, we pump based on price. And Saudi + others oil is cheaper to pump and process than US oil. OPEC tries to restrict the amount pumped from OPEC members but members can “cheat” and break their commitments. Overall OPEC chooses a quantity of oil production that they believe will maximize their profits while not being so high as to not incentivize production in other countries for example the US. The “backyard” oil pumps and others kick in when the price gets high enough to justify the cost.

Is it better or worse than when they show crazy graphical visuals playing on their screens