If you change pfps you become a stranger 🤣 New pfp who dat?

Well, it was my birthday today.

Sucked and rained like usual, but I did get alot accomplished on my to do list, so that's all that really matters.

Its time to smoke weed and waste time playing video games on my phone.

GN.

Fr, tho. 😂

My logistics professor reminded us that models aren't the real world. They're an abstraction of the world. Therefore, they will never align 100% with the world and their predictive power will waver, over time, as factors come into play that were unknown or inadequately accounted for. Like the Corona lockdowns and border controls destroying all logistics planning for years.

We are actually running into the issue of "informed stupidity", where the models become so stuffed full of information and so universally applied, that the benefit of contrary plays is increasing.

You can now have a massive impact upon society with small, simple acts, for instance. The power of individual people to change the course of history is going parabolic.

WAIT. ARE THERE TOOO MANY BITCOIN PODCASTS ?@highhashrate 💀

Also, Austrian economists are not omnipotent.

I used to watch/listen to books and podcasts at 1.5-2x speed in order to save time and be more efficient. I took pride in thinking I was "smarter" than the typical consumer because I was blowing through tons of content.

However, I started to realize that I was not ingesting what I was listening to, particularly when I was multi-tasking. Ask yourself, if you attended a university lecture on mathematics and macroeconomics, how much would you learn if you were doing pushups and box jumps at the same time?

The podcasts and books that are online today are incredibly valuable and I took this for granted. My goal now is to sit down and listen/take notes on one podcast episode per week, digest the information, and be able to summarize the content to a friend, in a few key talking points. Learning isn't about chasing degrees and certificates... We need to normalize giving ourselves TIME to think deeply about what we've learnt but also the SPACE to determine what it actually means.

GM bitcoiners

For instance, bankers will claim that they need to be "made right" for all of their imaginary losses for not buying Treasury bonds, instead. But, if they all stopped lending private people money, what would happen to their *actual* returns on bonds?

Schrödingers Returns

Basically.

But Thomas of Aquinas thought that opportunity cost was something bankers thought up to justify charging interest, rather than a real thing.

You can't effectively price the cost of something that never happened. You can only estimate it. In fact, you don't know if it ever would have happened.

It can be an illusion if choice.

"If I had done this, that, and the other, then I would now have X," is a presumption. You actually have no idea.

Said can't take credit for time preference. Pretty sure the idea had been associated with Austrian economics long before saif

I want to say: seems like buzzwords to me lately. I'm not sure I've had a convo on nostr without it being used in a reply.

I don't really believe in the high/low time-preference thing, anymore.

We actually don't know why anyone did anything.

a heeflip sats bounty would help? 👀

The wolves of Bitcoin trading room is locked yall ! you need to ask a member to get access fyi

Might be more a heefliper but kickflips are locked too 🛹

I don’t donate money to campaigns or even charities

I would love to, but i don’t trust them. Also i’m poor gfy