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Kevin's Bacon
3dda45008a0391d7933e1ae7cc3b844bfd91c92ddefd0f55ce6afd025776f2db
Natural Law Anarchist 🏴 | Bitcoin Noderunner and Miner 🧡 | Aristotelian | Student of Nature | Highly Sensitive Person | High IQ Retard | Austrian Economist | Autodidact | Polymath | Selfish Prick | Excellent Source of Protein and Triglycerides Intellectual honesty is key. Consent is king. Chaos is self-regulating. Authority of any man over another is necessarily a fiction.

I myself finally bit down and invested in MSTR. I love investing, and right now MSTR is the only American stock exchange company that's hellbent on returning value to shareholders denominated in bitcoin instead of in dollars or anything else. Hold your savings in bitcoin in self custody. For investments though, MSTR looks attractive right now. Plus marginable brokerage accounts offer an awesome opportunity for borrowing off a Bitcoin backed asset, for those of us unable to secure Bitcoin loans in our jurisdiction and with our meagre financial means.

Our first taste of #investing on a #BitcoinStandard 🤙

https://youtu.be/I3sa7J-i8ZY

Good Zulu video. #immigration #anarchism #ancap

https://youtu.be/LKKi8wzAMAc

#speech #firstammendment #humanrights

Replying to Avatar Kamo Weasel

We've taken an incredible step with nostr:nprofile1qqs83nn04fezvsu89p8xg7axjwye2u67errat3dx2um725fs7qnrqlgpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtcpstc2n

But we desperately need a NostrHub so we don't have to depend on Bill Gates in the future.

#Nostr #growNostr #memestr

Someone should make gitr: git relays.

Sounds like something Trump would issue though, gotta say. Could be real.

What's the backstory? Did they kill a squirrel??

Thank you! We all act immature plenty of times, not least of all me. I can be terrible. I occasionally have moments of insight though and am sometimes able to articulate it to point things out to my fellow rational animals, in the form of ideas, criticisms, answers, questions, etc. I appreciate when they do so for me, so I try to spread a little constructive criticism myself.

You're golden. Keep on keeping on. I've said WAYYY more rude stuff than your minor little thing. I'm no better than you lol! Or perhaps more accurately, I'm better than you and worse than you at the same time. We just all notice things at different times and from different perspectives, and that's what communication is for.

Actually it does. Legitimate property is the stuff that we have the information necessary to control without hurting others. Animals are not able to manage much but their own bodies and nests and stuff. Humans can manage far more. We have the ability to reason at a much more advanced level. We need these things to survive, and we have the ability to use them and to do so without hurting others for it. We have dominion over other life forms generally speaking, because we are, well, just able to. We're designed that way. We are tapped into logic, the logos of this universe, and are therefore endowed with the ability to be stewards of it.

Yeah, I saw the context after I replied. The post didn't have the full context right in front of my face and I'm lazy.

Yet still, I don't think that that is relevant to the discussion either. The fish's metaphysical existence is not being examined at all here, is it? Perhaps I am still missing the context. Anyway, your choice of definitions and frameworks is irrelevant, as with most people on the abortion debate. My position as regards the proper laws on abortion is agnostic on when a human life begins and when we need to protect it from harm. A person's right to theor own body and capability to make their own judgements is all but inviolable. The mother is in the best position to make decisions regarding her body and her child. Ergo, pro choice. Simple.

Everything else is noise, including your arguments. You are never going to convince someone who holds fetus life sacred to change theor mind on that one thing. I happen to hokd it sacred too. I am pro choice for the simple reason that arbitrary laws do more harm in this area than they help 99.99% of the time.

That's literally racism toward animals.

Allow me to illustrate the fallacy: A pen and a pencil are both writing instruments. This is like you saying a pencil is intrinsically and fundamentally different from a pen, and them saying no it's not, it's a fucking writing instrument. Leave alone the fact of pencil lead vs ink, the different mechanics, the more permanent and permeating nature of ink, etc. He's saying a pen is literally identical to a pencil in every relevant way imaginable.

I just came up with a revision of the Bitcoin power law, using total wealth as the unit of account, not dollars. The model goes like this: Bitcoin is increasing at a certain percentage relative to the total wealth in the world, and this increase will halve every doubling of time since the Genesis block. It will keep doing that forever, even though total wealth cannot go up with it at the same rate (total wealth will continue to increase, but never as fast as Bitcoin increases, with Bitcoin value growth trending asymptotically toward the growth in total wealth). Lost coins allow for this possibility, as people will adjust their valuations of Bitcoin to accommodate this. The rate of growth in Bitcoin valuation will decline as it reaches a greater proportion of the market, and will continue to grow nearly at the rate of total wealth, but only asymptotically. It is following a power law with total wealth right now, but people are measuring wealth with the wrong unit of account, and so the constants employed in power law models are skewed by the systematic fiat corruption of the pricing system inherent in their bias to measure the wrong kind of wealth.

46% yield on the dollar won't magically go down to 23% yield on the dollar in 15 years, contrary to Giovanni Santostasi's model. Instead, something like 34% yield in excess of the growth in total global wealth will go down to 17% yield in excess of the growth in total global wealth. This means that depending on worldwide growth and depending on the issuance of the dollar, Bitcoin could still be returning something like 25% to 40% on the dollar by that time if you plug in various world scenarios and fiat monetary policies. The dollar is not a necessary factor in the power law dynamics of Bitcoin in my model, but global wealth is, with the rate of return asymptotically approaching global growth.

tl, dr:

1 BTC = ct^k

and this expression is in units of Earth's productive capacity, which goes up significantly in terms of output and tremendously in terms of dollars over time. The relevant unit in this power law, and the accumulation of wealth on a Bitcoin standard, was never in dollars to begin with.

I might be wrong and this might actually be a logistic relationship to total wealth plus a correction factor for lost coins, but whatevs, I feel pretty confident about its predictive utility.

#Bitcoin #PowerLaw #PricePrediction #GiovanniSantostasi