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exploring the beauty of the decentralized internet 🍄‍🟫 🪴

I honestly believe you are giving Trump WAY to much credit in this hypothesis

He has little understanding of any of this, but hopefully he and leaders that come after him can learn enough to soften the inevitable impact the US is headed towards

Replying to Avatar Lyn Alden

GM.

Chapter 13 of Broken Money is called "Heavy is the Head that Wears the Crown".

It focuses on the US trade deficit and why it arises structurally. In short, since the USD is the global reserve currency (for reserve assets, international contracts, FX trading pairs, and cross-border funding), there is tremendous automatic demand for USD in the world compared to other fiat currencies.

To supply the world with that ever-growing need for USD to service all sorts of needs, the United States runs structural trade deficits with the rest of the world. That's how the USD spills out to the rest of the world for them to use. And the mechanism for that is that the overvalued USD boosts Americans' import power, reduces Americans' low-margin export competiveness, and basically forces open that trade deficit.

That trade deficit is the cost of maintaining the benefits USD system as currently structured. The fatal flaw is that those who bear the cost (e.g. industrialists in the Rust Belt) are not the same as those to gain the benefits (e.g. Wall Street and Washington DC folks). And those costs and benefits accumulate over decades, resulting in rising populism and pushback, which is now front and center.

The challenge that the administration faces is that they have identified a real problem, but are tackling the surface issues rather than the underlying structural issues.

Anyway, I uploaded that chapter 13 on my website for free reading:

https://www.lynalden.com/wp-content/uploads/broken-money-chapter-13.pdf

Peterson is a fool and doesn’t build anything anyway, I don’t think his opinion on the matter is relevant

I know it’s popular on nostr to be all about nostr, but in cutting ourselves off from the rest of the world we do a disservice to ourselves with respect to limiting our opportunities to learn from those who think differently than us

It was a blast!

I’ve been really focused on a startup! Grateful to be in the signal chat 🫶🏼

Going camping for the weekend! It’s been over a YEAR since I last went

Can’t fucking wait 🏕️⛺️🏕️

I think that would be a great middle ground and path towards a higher quality and more valuable user experience on the protocol

It’s not about instant gratification, it’s about adapting to the world we live in

No one will come here if we don’t cater to their needs and at least somewhat to their expectations

It doesn’t have to happen all at once, but adoption of freedom tech is more important than digging our heels in to resist change

It’s been a minute since I’ve shared my thoughts here, I’m ALIVE nostr! 🫶🏼

I want to report that the nostr:npub1eq8we8az384uzr82umcdwqc8n8zqw4dgsmgrxym20hu8h0ksjq8sm35jkd/nostr:nprofile1qqs07u33ntmkfpg7rls973vamqqfg3umgm3n3dxzefqnrw37tsxd88qpp4mhxue69uhkummn9ekx7mqpzfmhxue69uhhqatjwpkx2urpvuhx2ucgexu33 joint meeting last week was truly a joy to attend and I’m so grateful to everyone who helped pull it off

I want to give special thanks to nostr:nprofile1qqs0keqm0d0mhz2epmsu3lxyk2gzpy57au3ssg046fpn7fzgfn4dapqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3kamnwvaz7tmwdaehgu339e682mnwv4k8xct5wvhxxmmdkdss46 for all the help before the event, to nostr:nprofile1qqszgrfsqjded9szuxqvdrycwyt73hktzfn9jrqfw7x6v6tsrnuxy4qpp4mhxue69uhkyunz9e5k7tcpz4mhxue69uhkummnw3ezummcw3ezuer9wchsr7msv6 for navigating coordination too as well as just being the rockstar he is the day of, and to nostr:nprofile1qqsrf7k4y38hm6zyc8y7qq0zwdldy0e749kwmghzp5jp63h7ukpy79spz4mhxue69uhk2er9dchxummnw3ezumrpdejqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcx4jclv, nostr:nprofile1qqstd8eupahplhc0xk980v9p6eqk3n7nr2km6mdlyhq2460e4ckwtdsprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgcg29qc, and many more from our community who made the event a space of openness, kindness, knowledge sharing and collaboration for all who joined us

Those who know me well know at heart I’m a people person and I want to lift up my community, my family, and everyone I can and we got to do that together last week

Gratitude 24/7 - 365 🌎🙏🏼

#BitcoinMeetup #VirginiaBeachBitcoin #757BTC #BitcoinCommunity #Grateful

Replying to Avatar FLASH

Thanks for fact checking this!