Not even #Bitcoin fixes #Moloch
note1enm8gth2rzlxxhdpy3863sh6uyyd74knt5sr4nz48hmnrwj7rdwsfsf8sz
Not even #Bitcoin fixes #Moloch
https://primal.net/e/note1enm8gth2rzlxxhdpy3863sh6uyyd74knt5sr4nz48hmnrwj7rdwsfsf8sz
đ€ When the sophist Yuval Harari speaks about Bitcoin, he speaks with a forked tongue.
- He claims that Bitcoin is about a lack of trust. But #Bitcoin is about trustlessness - i.e., not requiring trust. This is a significant difference.
- He claims that the "whole" purpose of money is to create trust between strangers. That is also not true. (Banks can, however, convert dubious promises into less dubious promises).
- He further claims that the money printing by banks and central banks "builds trust" (through their legal counterfeiting). It is more than a little audacious.
- Trust is actually earned; it is not something that can be built, established, or proclaimed - regardless of what these people may prattle on about.
True, but it's even worse on a global level. And the mentioned compliance costs do not include the cost for all national and supra-national bureaucracies involved.
nostr:naddr1qvzqqqr4gupzqs35yguednn9f9equekad0ztklhmnujuvrzgzmtmc3axtcwcpkeyqq24jvz0fuuhy534wa5nve3nxqu9x526tpey2cec7ep
The belief that fiat money is real money is an important form of false consciousness. #bitcoin #marx
Google Cloud just wiped their instance somehow. Dafuq?
Watch APRA take this to extreme conclusions and require every service be multicloud now.
https://www.theguardian.com/australia-news/article/2024/may/09/unisuper-google-cloud-issue-account-access nostr:note1cvm6p3t62xy3x43xsefxtw8z60r3surv5qfpm5nv6qf8wrucz7gqnpvaau
Not your keys, not your coins
Not your key, not your account
Not your computer, not your data
In the difference between building trust and earning trust, lies the line that separates the charlatan from the honourable.
What should we make of the fact that policy makers and bureaucrats - in the face of completely shattered trust - pretend as if nothing has happened?
For instance, in Canada, nearly four out of five people do not believe the central bank will care about people's opinions. (they are đŻ right).
Trust is the currency of leadership.
Without it, there is no leadership.
- John C. Maxwell
By definition then, these people are not real leaders.
What are they then?
They are fiat leaders.
You can find more trust numbers in the link
https://underorion.se/en/posts/trust_and_centralbankers/
#bitcoin #harari #trust #wef
Not your keys, not your coins
Not your key, not your account
Not your computer, not your data
https://x.com/0xdabbad00/status/1789011008549450025 #bitcoin #nostr #cloud
What if aesthetics is downstream from the monetary system?
Asch conformity experiments confirm.
Itâs perplexing that those who claim to fear a rise of fascism (Trump, etc) show no concern at all about CBDCs and CBDC-style systems, which would make implementation of technological fascism much simpler.
Why is that? #cbdc #bitcoin
The difference between a bad electronic cash system and well-developed digital cash will determine whether we will have a dictatorship or a real democracy
â David Chaum
Earthy dot land. "The geojson editor on #nostr no one has ever asked for." h/t nostr:npub182jczunncwe0jn6frpqwq3e0qjws7yqqnc3auccqv9nte2dnd63scjm4rf
Ha! I was just thinking about a BTC Map-style app but with overlays showing what your friends had annotated (or commented upon). Or friends of friends of friends. đ
Some heroes come in small sizes.
How are YOU fighting inflation?
#bitcoin #heroes
nostr:note1k7ly7rf427unuxm4g7amq2q3atqyrfa9hptc0ar0fa6lzmz7yd4qsd6wzwYour post made me up a piece explaining how global and centralised solutions basically guarantee that we can't have freedom of speech. Thanks!
https://habla.news/u/enlund@nostrplebs.com/-e2EVpt2jsmueuM38OC_m
A democracyâs legitimacy stems from the electorateâs participation in choosing their government, reflecting governance with the governedâs approval.
But if We the People are denied the ability to freely express our opinions â and influence others, the mechanism for providing (or denying) this consent becomes fundamentally flawed.
What does that say about the systemâs legitimacy?
https://brownstone.org/articles/the-multi-headed-elites/
#bitcoin #politics #globalism #elites #democracy
Yes, but we also need the freedom to communicate. #reticulum
Hacker doxxes nearly every adult in El Salvador
âĄïž Centralisation is retarded
https://protos.com/hacker-doxxes-nearly-every-adult-in-el-salvador/
Great video.
If someone is interested in how effective the AML and KYC regulations are I wrote a bit about it here.
nostr:naddr1qvzqqqr4gupzqs35yguednn9f9equekad0ztklhmnujuvrzgzmtmc3axtcwcpkeyqq24jvz0fuuhy534wa5nve3nxqu9x526tpey2cec7ep
You did not mint sats, you minted tokens. Your sats will still be available (in your LN node)
The Fed's Kashkari recently compared Bitcoin to Beanie Babies - much like JP Morgan's CEO called Bitcoin a useless "pet rock" earlier this year. A majority of bankers and central bankers, including the Riksbank's Thedéen, exhibit comparable dislike.
Bankers and bureaucrats evidently compensate for their lack of imagination with an abundance of hubris.
But what if we think about Bitcoin based on concepts such as the "adjacent possible" (& complexity science). Then it gets much more exciting, and we end up wiser than most if not all central bank officials.
In an era of declining trust, perhaps it could be beneficial for societies to explore "trustless" systems such as Bitcoin.
When China's Zhou Enlai in the 1970s was asked about the effects of the French Revolution, he responded that it was "too early to say " - a far wiser answer than the categorical response of the soggy soothsayers at the central banks. #btc #kashkari #fed #trust #politics #bitcoin #complexity #money
You can read the full piece at Yakihonne or Habla
https://habla.news/u/enlund@nostrplebs.com/1qaf2EUr9DIYnYmXFZWZO
KYC IS THE REAL TERROR
https://habla.news/u/enlund@nostrplebs.com/Y0OO9rR5wi6f308SQZXrE
Biologist Stuart Kauffman introduced the concept of the "adjacent possible" in evolutionary biology in 1996.
What insights can this concept offer us about the invention of Bitcoin? And especially so in a time with eroding trust?
Central banks should focus on their demonstrated inability to maintain "price stability" (their actual main mandate) rather than diligently focusing on diversity, inclusion, equity, climate, or Bitcoin...
New piece out on nostr!
Pride comes before a fall
https://yakihonne.com/article/enlund@nostrplebs.com/0QsFOD9VB1lsXVa0J4WXY
đžđȘđ„ Ekonomidags avsnitt 32 UTE NU!
- Fd. riksbankschef Ingves hemliga plan för Sverige
- Din data ska skickas till Luxemburg - varför?
- Senatorer vill stoppa centralbanksvalutor, men skjuter bredvid mÄlet
Lyssna pÄ Spotify, hos Fountain, eller lite var som helst!
https://fountain.fm/episode/oQoWsJmeN7cI9ntGsHk7
https://podcasts.apple.com/se/podcast/ekonomidags/id1662150584
https://open.spotify.com/episode/08NOkwJh4FyWBhzxQiTiS0?si=_O02nZqzRvOTNJ8y3JrnZA
đŽ Svart Ekonomi avsnitt 27 UTE NU!
- Fed lÀgger om kursen för rÀntepolitiken, eller?
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đžđȘâĄïž Intresserad av #Bitcoin  och relaterad teknologi? Eller av frihet?
DÄ Àr du vÀlkommen till nÀsta Bitcoin meet-up!
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