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cryptohamster
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So true! ๐Ÿ‡ฎ๐Ÿ‡น๐Ÿซถ

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You say it like that's a bad thing ๐Ÿ—ฝ

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I suspected this could be popular on Nostr

https://machinewar.substack.com

I think one of the main reasons NATO expanded post-Cold War is to convince states not to go nuclear themselves. That and inertia ๐Ÿคท

Bitcoin is the frozen essence of energy. But do you know what might be better? The severed human head (adult) (shrunk). Costly with a supply strictly limited by both population and human effort in overcoming the enemies of a low inflation currency. Some might say this is wasteful. Ignore them. Only severed head ๐Ÿ’ช

If Bitcoiners think Peter Schiff is just wrong, why are they (you) so sensitive about it?

He says (in essence) that Bitcoin is just nothing, it's numbers made up out of thin air and there's no physical use for it. I think that's obviously correct. The Bitcoin whitepaper defines "a bitcoin" as a digital signature. This of course can be copied infinitely. In fact, Bitcoiners often encourage each other (and neophytes) to copy the entire blockchain (ie run a node). So the scarce thing isn't the technology or the bitcoins but just a ledger record.

You can deny the obvious (that Bitcoins are just made up) or you can try to make the case that these made-up things are so wonderful and useful that they have value despite being made up nothings.

The problem, from my point of view, with the latter approach is that it's circular. If there was some use for these numbers, or if people had some good reason to value them, it would be great to be able to securely and (relatively) cheaply transfer these valuable things around. That would be awesome. But that capacity only has value if the "coins" somehow have value already. It can't give them value they otherwise wouldn't have. Why not? If Bitcoins didn't have any value, transacting in them securely would not constitute a payment system or a money or a valuable service.

I observe that Bitcoins do enjoy a fiat price at the moment. So clearly some subset of people are willing to forego/provide other assets to acquire them. However, this was also true of Enron stock at one time.

Sshhh don't wake him https://youtu.be/g52_oW8X7ag

The Finance Franchise is a brilliant paper on how modern finance and money creation actually functions.

"From this perspective, the financial system operates essentially as a franchise arrangement in which the public is the franchisor, while the private institutions that dispense its full faith and credit are effectively its franchisees."

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2820176

I think thereโ€™s a chance for the BAP body builder right and queer left to come together and demand freer access to sex hormones for everyone ๐Ÿ˜‚

You can actually just read Russia in a Global Context where all the big names in Russian foreign policy write. It's just on the internet. Can't say it's comforting though...

https://eng.globalaffairs.ru/articles/a-difficult-but-necessary-decision/

No one needed to wait for a softball Tucker Carlson interview ๐Ÿคท

Apparently they're playing around with Cashu.