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Helping (-₿itcoin₿-) education sprankled with many opinions: 21^10*6 ₿ with 1^10*8 satoshis. Unstructured simplicity. Best-effort basis monetary propagation. Free and open-source. Cryptography protection. To consensus or not to consensus?

Life is more important than death because you have to be alive to disagree.

Replying to Avatar Matthew

Ah, I understand your question.

https://primal.net/p/npub100tfdsq0h23ayntnqwands9w8xslx4d2t72kk2jhf376g2tatx6qnv6cuy

is a bridge to my self-hosted #fediverse account and is not a native nostr account.

Ah, can you view replies from nostr users over there at fedi via your bridge?

Replying to Avatar Matthew

I am doing quite a bit of reading about it:

Here's good places to start:

https://fiatjaf.com/nostr.html

https://nostr.com/

I'm using the Primal client mostly today, but have tried other web and desktop clients, too.

So now you use another account?

You use feeds to get information. I asked that person how he -shares- information.

Yes but here is the thing: what are they paying with?

If Alice gets a loan from Charlie who is famous for being in -$32000000000000+ debt, how is Bob gonna accept that? What does he get from Alice? He gets a breath of fresh air because Alice has nothing to give, because how can Charlie lend money when she does not own any money?

So I am using already for quite some time the global feed with muted words. It is okay, but you will see quite some bots. I saw not that much free and open-source related content popping up... We need more of that. It all depends on the relays I guess. And you really gotta mute all japanese words...

But, using a simple python script to select the most used japanese characters is a simple task. But finding japanese texts with alot of characters is the hardest part. And banning all those individual characters in them amethyst is so time consuming.

So 2 requests:

- many many articles that contain aLOT of japanese texts (not related to eachother please as I want a neutral data set to run my python code upon)

- easy way in either amethyst (or damus android app in the future) to ban many characters at once.

And, if you don't forget to utilize the searchbar, you can get pretty good experience in the global feed. I'm gonna stick with it.

#grownostr

Replying to Avatar DefiantDandelion

In reply to the Jared Bernstein video.

My understanding of what he should have been able to say:

The government prints money primarily to replace bills and coins in circulation. While It taxes and borrows money to finance government operations. When the government borrows (foreign or domestic) or taxes the public, the money is “coming from somewhere” and so the money supply is not as increased as if the government would finance itself with new money “coming from nowhere” by just printing it. When the government prints to finance operations, essentially every dollar spent is a new dollar and it dilutes the value of all other dollars in proportion to their existence in circulation. AND then when the government pays payroll or pays contracts, that money is put into banks by people and companies and additionally the fractional reserve banking system increases the money supply through the money multiplier effect. (Essentially the government debt held by a bank can then be used as collateral for loans to they bank which they can then loan out at an interest rate higher than the interest rate they are paying, which cascades into a number of other loans. So the loan then gets deposited and loaned again to some limit determined by the policies of the FED and market dynamics)

When the government finances from borrowing, the only inflation that occurs is from the money multiplier effect not on any direct increase in currency in circulation.

When the government finances purely from taxes therefore, no debt created, then there is no inflation.

Yes, but I can't wrap my head around this: how can a loan made of debt be taken seriously in economical context? How can people say: "lets accept loans from someone who is 32 trillion in debt". How

What do you actually mean with who is working on ""?

Like, is that a person you are referring to? Or is that a subject? Because I would think that instead of a profile, a subject should be mentioned. I can't load the profile asswell.