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I'm from Germany and I'd say that Germans generally look down on Americans. We consider them to be dumber, less educated, fatter, more 'barbaric' than us .. the enlightened Germans.

But if we're so superior, why is the US so much richer, influential, powerful etc. than us?

#Germany #USA

Freezy 2y ago

2021 I tried GPU mining Ethereum for about half a year and received some nice rektucation. Was an interesting project though and as electricity costs in Germany are giga high I wasn't expecting to make a profit. Break even once #Bitcoin hits 36 k.

And pls have mercy #nostr .. I only mined #Ethereum as building a GPU mining rig seemed more interesting than plugging in a #bitcoin miner.

Replying to

DETERMINISTIC OPTIMISM 🌞

Beavers can cause so much damage, it's crazy.

Freezy 2y ago

But that "damage", such as a flooded field, is also an important biotop for many other species .. In Germany we say: "the beaver giveth and the beaver taketh" or "live by the beaver, die by the beaver".

Replying to

Freezy

This is an endo-exo prosthesis with a 3D printed & painted cosmetic cover of one of my patients. An endo-exo prosthesis has a titanium shaft that gets cemented into the thigh bone (this is the "endo" part of the prosthesis) and the external part of the prosthesis (the exo part). This patient wears an electronic knee joint. An endo-exo prosthesis with a modern knee joint allows for a very natural walk, as the forces flow directly into the thigh bone. Just like in a healthy leg.

Freezy 2y ago

Here is a close up of the 3D printed cosmetic cover .. she specifically asked for this pretty extreme paint job & design.

Freezy 2y ago

This is an endo-exo prosthesis with a 3D printed & painted cosmetic cover of one of my patients. An endo-exo prosthesis has a titanium shaft that gets cemented into the thigh bone (this is the "endo" part of the prosthesis) and the external part of the prosthesis (the exo part). This patient wears an electronic knee joint. An endo-exo prosthesis with a modern knee joint allows for a very natural walk, as the forces flow directly into the thigh bone. Just like in a healthy leg.

Replying to

Lyn Alden

I spoke at a big bitcoin-adjacent company this week and one of the best questions was from someone who asked what the downsides of bitcoin adoption might be.

I always do appreciate these steelman questions, the skeptical questions, the ones where we challenge ourselves. Only when we can answer those types of questions do we understand the concept that we are promoting.

So the classic example is that in modern economic literature, "deflation is bad". This, however, is only the case in a highly indebted system. Normally, deflation is good. Money appreciates, technology improves, and goods and services get cheaper over time as they should. Price of Tomorrow covers this well. My book touches on this too, etc. The "deflation is bad" meme is still alive in modern economic discourse and thus is worth countering, but I think in the bitcoin spectrum of communities, people get that deflation is fine and good.

My answer to the question was in two parts.

The first part was technological determinism. In other words, if we were to re-run humanity multiple times, there are certain rare accidents that might not replicate, and other commonalities that probably would. Much like steam engines, internal combustion engines, electricity, and nuclear power, I think a decentralized network of money is something we would eventually come across. In our case, Bitcoin came into existence as soon as the bandwidth and encryption tech allowed it to. In other universes or simulations it might look a bit different (e.g. might not be 21 million or ten minute block times exactly), but I think decentralized real-time settlement would become apparent as readily as electricity does, for any civilization that reaches this point. So ethics aside, it just is what it is. It exists, and thus we must deal with it.

The second part was that in my view, transparency and individual empowerment is rarely a bad thing. Half of the world is autocratic. And half of the world (not quite the same half) deals with massive structural inflation. A decentralized spreadsheet that allows individuals to store and send value can't possibly be a bad thing, unless humanity itself is totally corrupted. I then went into more detail with examples about historical war financing, and all sorts of tangible stuff. In other words, a whole chapter full of stuff. I've addressed this in some articles to.

In your view, if you had to steelman the argument as best as you could, what are the scenarios where bitcoin is *BAD* for humanity rather than good for it, on net?

Freezy 2y ago

I think one downside are the negative implications of unstoppable value transfer. #Bitcoin allows for the world's "2 most horrible humans" to exchange value with another, whereas this might be prevented in a monetary system that allows for censorship on the base layer. This appears to be a negative point to bitcoin adoption. However, as anything needs to be analysed on a pros & cons basis, I think the pros of unstoppable value transfer clearly outweigh its negative implications .. but the question was to name a downside, so yeah, I think a monetary system that can't censor on the base layer has its downsides.

Freezy 2y ago

I was counting some cash yesterday and specifically whenever I do that I think about how weird it is that people go to work everyday, oftentimes to a job they hate, to earn these monetary units of which unlimited amounts can be created by the click of a button by certain entities. Then you see this clip of Christine Lagarde signing this template euro bill, as if this enhances the validity / properties of that money in any way .. and this is not meant as a front to Christine Lagarde. If I were in that position (which I'm glad I ain't) I'd surely do the same. Afterall the fiat monetary system can probably be described as a proof of stake or rather proof of authority system. Thus one might argue that the "handwritten" signature of one of the system's highest authority figures actually validates that money … but once you start thinking more about the nature of money it seems so ridiculously archaic compared to #bitcoin

https://nostr.build/av/785383a36924f569d8af34c6ada9e364ff088599598fe0ec1394b8e548fadf97.mp4

Freezy 2y ago

I think Koalas might be the only animal where adults are cuter than the babies.

Freezy 2y ago

Good morning #nostr your boi is up early to do some fiat mining.

Replying to

Freezy

I love listening to podcasts when I do stuff. But I have different podcasts for different activities, depending on the mental load required for the activity. For example, I can only listen to a nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk podcast about splicing while walking somewhere .. or waiting .. or sth comparable, as I really need to focus on what is being said to (have a chance to) understand that stuff.

Freezy 2y ago

But I'm sure having different podcasts for activities that require varying degrees of focus is quite common. What s your podcast where u need to Focus most?

Freezy 2y ago

I love listening to podcasts when I do stuff. But I have different podcasts for different activities, depending on the mental load required for the activity. For example, I can only listen to a nostr:npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dk podcast about splicing while walking somewhere .. or waiting .. or sth comparable, as I really need to focus on what is being said to (have a chance to) understand that stuff.

Replying to

Freezy

Using the relatively low fees to stack Sats via nostr:npub1p2psats79rypr8lpnl9t5qdekfp700x660qsgw284xvq4s09lqrqqk3m82 straight into #phoenixwallet is pretty glorious, no doubt.

Freezy 2y ago

Also no idea whether my pathetic brush-tool-opsec-measures are necessary nor do anything.

Freezy 2y ago

Using the relatively low fees to stack Sats via nostr:npub1p2psats79rypr8lpnl9t5qdekfp700x660qsgw284xvq4s09lqrqqk3m82 straight into #phoenixwallet is pretty glorious, no doubt.

Freezy 2y ago

I find people are kinda unfairly impatient. And I wonder whether it's beacuse many people haven't tried building sth difficult themselves. All this stuff is soo difficult. This stuff simply takes some time.

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