I'm not sure that I agree that the existence of fractional reserve banks are a creature of the state. In fact, it seems to me, that the time preference arbitrage, is a pretty seductive and powerful incentive for fractional reserve banking, even in the purist of unregulated free markets.

It also seems to me, that the possibility of returns and yield on even bitcoin, from trading time preferences for interest, would persist, even in a world of hyperbitcoinization.

I feel like when people make this argument, there's quite a bit they're taking for granted about what they view as people's innate ability to practice restraint based on a normative principle, such as the ethics of such a thing.

Gonna have to re-watch some movies soon:

- The Big Short

- Margin Call

- Matrix

- Fight Club

What else?

Reality is government's should not fear competitive private money like bitcoin, if they're a confident in their state-issued currency. I don't really take a position on the inevitability of the end of state-issued currency. I do take a position on the inventively bitcoin becoming one of the most important currencies in the world, and acting as a significant competitive monetary force in the world, which will change incentives dramatically.

In case anybody outside the UK is unaware of this (which you almost certainly are, which is kind of the point) a journalist named Isabel Oakeshott signed an NDA with with Matt Hunt, who was the UK Health Security during early covid hysteria, to help him write a book, then breached the NDA and leaked ~100k WhatsApp messages to the press. The messages show - entirely unsurprisingly - that the UK government didn’t have a fucking clue what it was doing, then amidst all the lying and smearing to justify lockdowns, started lying and smearing to cover it all up as well.

Not that this in itself should be news to anybody, but two things stand out: i) there’s now undeniable proof in the public record of everything that has been a “conspiracy theory” for 3 years, and ii) the mainstream media is flat out embarrassing itself in a hilariously tone deaf way by giving precisely zero shits about the actual story and pretending that the “news” here is the breach of the NDA.

Absolutely nobody is buying it. It’s all very cathartic. Nature is healing ☺️

But seriously, for a less naive take consider that this all feeds into the increasingly undeniable realisation that state control of information dissemination was key to the catastrophe. The Muskificiation of twitter may be a very slight reprieve - and one that makes the regime shit itself much more than it really ought to because it has no idea how anything actually works - but if they understood nostr even a little the level of self-shitting would be off the charts 🙏

In case anybody outside the UK is unaware of this (which you almost certainly are, which is kind of the point) a journalist named Isabel Oakeshott signed an NDA with with Matt Hunt, who was the UK Health Security during early covid hysteria, to help him write a book, then breached the NDA and leaked ~100k WhatsApp messages to the press. The messages show - entirely unsurprisingly - that the UK government didn’t have a fucking clue what it was doing, then amidst all the lying and smearing to justify lockdowns, started lying and smearing to cover it all up as well.

Not that this in itself should be news to anybody, but two things stand out: i) there’s now undeniable proof in the public record of everything that has been a “conspiracy theory” for 3 years, and ii) the mainstream media is flat out embarrassing itself in a hilariously tone deaf way by giving precisely zero shits about the actual story and pretending that the “news” here is the breach of the NDA.

Absolutely nobody is buying it. It’s all very cathartic. Nature is healing ☺️

But seriously, for a less naive take consider that this all feeds into the increasingly undeniable realisation that state control of information dissemination was key to the catastrophe. The Muskificiation of twitter may be a very slight reprieve - and one that makes the regime shit itself much more than it really ought to because it has no idea how anything actually works - but if they understood nostr even a little the level of self-shitting would be off the charts 🙏

The federal government locked you down, printed trillions, tried to force an experimental gene therapy on you, and crippled the economy in the process.

Now that same government is trying to drag you into World War III.

Maybe it doesn't have your best interests in mind.

The same government is now trying to gaslight you into believing that sovereign money, robust communication tools, and healthy whole foods are hurting you.

"Bitcoin is for criminals and uses too much energy."

"Open communication makes it hard to stop misinformation from spreading."

"Cows are destroying the environment."

"We need to send $100B+ to support a war in a foreign land."

These people are shameless cretins making the world materially worse off. They should be cast away and ignored.

find me a “conspiracy theory” from 2020-present that turned out not to be 100% true and I’ll find you one astroturfed by the regime.

The amount of hashpower in USA is both impressive and alarming

You have to wonder I guess but that doesn’t seem at all plausible in this case. The only (and correct) lesson anybody is taking is that the state is not only incompetent but very eager to lie to cover it up. “Distraction” doesn’t seem even nearly worth it. You could make up any stupid bullshit if all you wanted to do was distract people.

In case anybody outside the UK is unaware of this (which you almost certainly are, which is kind of the point) a journalist named Isabel Oakeshott signed an NDA with with Matt Hunt, who was the UK Health Security during early covid hysteria, to help him write a book, then breached the NDA and leaked ~100k WhatsApp messages to the press. The messages show - entirely unsurprisingly - that the UK government didn’t have a fucking clue what it was doing, then amidst all the lying and smearing to justify lockdowns, started lying and smearing to cover it all up as well.

Not that this in itself should be news to anybody, but two things stand out: i) there’s now undeniable proof in the public record of everything that has been a “conspiracy theory” for 3 years, and ii) the mainstream media is flat out embarrassing itself in a hilariously tone deaf way by giving precisely zero shits about the actual story and pretending that the “news” here is the breach of the NDA.

Absolutely nobody is buying it. It’s all very cathartic. Nature is healing ☺️

But seriously, for a less naive take consider that this all feeds into the increasingly undeniable realisation that state control of information dissemination was key to the catastrophe. The Muskificiation of twitter may be a very slight reprieve - and one that makes the regime shit itself much more than it really ought to because it has no idea how anything actually works - but if they understood nostr even a little the level of self-shitting would be off the charts 🙏

Basically if you can pay someone for an hour of work with what would normally cost you 15 minutes to earn, it's a candidate for outsourcing.

What is your most interesting yet unknown conspiracy theory?

OFFICIAL: The United States has no intention to ban #Bitcoin - Treasury Secretary 🇺🇸

What's your favorite joke?

What's your favorite joke?

What's your favorite joke?

What's your favorite joke?