So if Trump does announce something day one, what price are we hitting?

It’s true. Everything happens on WhatsApp. It’s terrifying to think about how much data they have.

Your abrasiveness keeps everyone honest and I appreciate that.

If you want your scrambled eggs to be better, it’s simple:

1) Never use milk

2) Take the amount of butter you currently use and double it.

3) Cook low and slow

Just start talking to him. Be as honest as you possible can.

Two of the most important voices amongst all the noise.

How would the economy function on sound money?

This is something I ponder quite a lot.

I decided to do an experiment with the help of the LLM’s

I got Groq to simulate a game of monopoly with normal rules.

I then asked it to repeat the same game but with one change. No-one collects any money when passing Go.

I figured this would help simulate an economy without inflation by keeping money supply fixed.

I then asked Groq to analyse the difference between the two games. Here’s what it said:

Now that we've changed the game to remove the "passing Go" rule, where players receive money when they pass Go, the game has changed in several ways:

1. **Slower accumulation of wealth**: Without the "passing Go" rule, players are no longer accumulating wealth as quickly as they were before. This means that the game is taking longer to reach its conclusion.

2. **Increased competition**: With the removal of the "passing Go" rule, players are now competing more directly for the limited resources available in the game. This has led to a more intense and competitive game.

3. **Greater emphasis on strategic decision-making**: Players must now make more strategic decisions about how to allocate their resources and manage their finances in order to succeed in the game.

4. **Increased risk of bankruptcy**: Without the "passing Go" rule, players are now more likely to go bankrupt if they are not careful with their finances. This adds an extra layer of risk and uncertainty to the game.

5. **Changes in player behavior**: Players are now more likely to focus on building up their assets and managing their finances carefully, rather than relying on the "passing Go" rule to accumulate wealth.

Overall, the removal of the "passing Go" rule has made the game more challenging and competitive, and has required players to be more strategic and careful with their finances in order to succeed.

What do we think. Anything to learn here about the real economy?

Very cool. Your show has been the most significant resource to me understanding Bitcoin. Very grateful for all you have done with it and excited about the future!

Is there a taxable event here?

Protein + Sunlight + Sleep

This is the way.

Back in 2020 when I first became really curious about Bitcoin I felt like I was too late. It had mooned and I’d missed it. The only true Bitcoiner I knew calmly reassured me ‘you’re never too late. That’s the point’. I had no idea what he meant at the time. But after a few months the down the rabbit-hole it all made perfect sense. Now I’m the one telling people. ‘You’re never too late. That’s the point.’

Trying out Bitkit - seems nice

bitcoin:bc1qzcppgg85esyfw76jydd7gnsxja2kejvhl80plu

The lightening network is incredibly exciting and I love its potential, especially looking at what’s happening here and with strike etc. however, some say it can’t scale to become a truly global financial system. Why? I don’t understand the technicals enough to see why scaling is a problem?

Yeah, I think you’re right. I suspect it might be beyond our life-times. But, nice to think of what we are leaving behind for our families.

Um really? I do wonder about that. I can currently buy a little over 5000 sats for £1. Every time I look at that, I wonder, am I buying £5000 future pounds for my kids or grandkids. I think so, but it’s hard to know the time frame.

Ok - a couple of questions

1) Once you have stack consolidated, is it still multiple UTXO’s or does it literally consolidate in some way.

2) If UTXOs are being constantly split doesn’t this mean UTXO’s are necessarily getting smaller and smaller over time?

Also… can someone point me to a link that explains how to get a purple check. Still haven’t figured that out yet.

It really is. Feel like this might help orange pill people more easily than all the high theory of Bitcoin. I love the high theory but sometimes people just need to see stuff that works.

So I have this theory. Tell me what you think.

A man walks into a room and he sees a space with certain dimensions full of objects.

A woman walks into the same room and see the choices, movements, history and consequences of other humans who have previously occupied that room.

So how is one supposed to safely store a Nostr private key?