There's a lot of discussion about that particular period here:

https://youtu.be/viEceui7-b0

Murray Rothbard and his students/intellectual colleagues and successors are the go-to people for economic history.

Have also been hearing quote a few mentions of Ralph Raico's name as a good source for the same subject.

Sats flow > Cash flow

https://youtu.be/k5XbLm3pEfI

When politics comes up with people like the I'm just gonna say nothing and change the topic

'Ah that's cool man, catch the Bitcoin price last night?'

True but that wasn't my point

It was Miles Suter highlighting what Block's done over the last few years

I just saw it and thought 'nice' and that's pretty much it

You're correct that calling it yield is not the right framing. Routing is probs not there yet in terms of ux to be able to earn passively from it.

Bhatia did talk about the ‘yield from lightning liquidity’ thing so he deserves some credit there

Bruh I’m starting to feel like this with people who call themselves Bitcoiners but say statist stuff.

I like talking to normies more and don’t mind them at all nowadays ngl

It's been a while. I just change the subject when they bring up CrYpTo

Hey guys, tried the vanilla version and loved it. Pretty feature rich!

But it's not very obvious that the rooms are public when someone joins. Is there a way to let people know how to make rooms private?

Luckily it won’t be that hard for them to switch when they realize it and free themselves

Might be difficult in this case considering Tether’s network effects though. So your concern about centralization is valid.

It’s more of a policy problem where the USG needs to get out of the way of other Stablecoin issuers and let them compete.

True but it's not like there's going to be just one stablecoin issuer that does this

Wouldn't be surprised if Circle does this as well

The more that other fiat devalues, more people will use USDT

And the more profits Tether makes

The more bitcoin they'll buy as a result

And the more that Bitcoin grows in value, the more the proportion of value which Bitcoin backs USDT grows

And at some point, the value of Bitcoin that backs USDT > value of US Treasuries that backs USDT

And now you essentially have a currency that is backed by Bitcoin

What am I missing here?

Full talk from 5:46:46 to 6:00:12:

https://www.youtube.com/live/fOUEiNAwiDE?si=eWgrtegmTmLiVlFL&t=20798

Clean link: https://www.youtube.com/watch?v=fOUEiNAwiDE

(Thanks to nostr:nprofile1qqspmy3tyzdtr8y0vh64tskdrr363w0cf0pvxpenqt2eqy6pds7s2zqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9mhwden5te0wfjkccte9ec8y6tdv9kzumn9wshszxmhwden5te0wfjkccte9ehx7um5wfcxcetzwvhxxmmd9ueeg6xu for finding the timestamps)

nostr:nevent1qqszctt9g7x6nmpmyw38wrt59xg3ylxkeq3zay700ngn4wdhg00frnsppemhxue69uhkummn9ekx7mp0qgsrfud256c4pr0qh2elppkyh4dm676slpveg5wxu69vj40usdhre4srqsqqqqqpjk0pd0

Saifedean's talk about Tether is great

I start thinking something is bad for Bitcoin and become very confident about it.

In comes some Bitcoiner to tell me why its actually good for Bitcoin.

I'm running out of bearish scenarios

Enakku therinja Nostr devs ellathayu already tag pannitinga

Great alternative to Libgen

nostr:nevent1qqsx9tg3u8j3thn4qu9fajujt6fzpgrn6qv0vd44xnemf90zrquzyngpz4mhxue69uhkummnw3ezummcw3ezuer9wchsygzdhl9hchwmsfyln3lt3ss7qx0s37lm0mzaa42q3ds5ty97hrgkj5psgqqqqqqseg2pxt

The best kind of being proven wrong is when something you want to happen but didn’t think would happen actually happens