It's just going to get weirder and weirder and weirder ... and finally it's going to be so weird that people are going to have to talk about how weird it is.
- Terence McKenna (1998)
Cool! will have a look!
it's much worse than so!
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Authy got hacked, and 33 million user phone numbers were stolen
Web2 is so broken.
Let's f disintermediate!
The ECB needs to print more money to buy weapons from the Americans to stop the weather from changing.
It's all very simple.
nostr:note1m5fmkh6ewna8cy34g42jee08hua48apfv6ky6340nntq8qq3vews2aj09j #germany #ecb #esg #climate #bitcoin
consider me a potential buyer to (in Sweden)!
Germany should switch out its leadership.
Some random wurst salesmen from Stuttgart would surely do a much better job then its current fiat leaders.
🇪🇺🤔 How many know that:
- Ursula von der Leyen is being investigated for "destruction of text messages, corruption, and conflict of interest"?
- the New York Times has sued her commission in the EU court?
- the condition of the German military became "catastrophic" during her time as Minister of Defense?
- her defense department was investigated for irregularities?
- she had erased her phone when this was to be investigated by the Bundestag?
- she was suspected of "plagiarizing at least 27 pages of her dissertation's 62 pages"?
The most amusing thing is that the New York Times has sued the commission for its reluctance to disclose her text messages. Previously, von der Leyen seems to have solved the "problem" by simply resetting her phone... #eu
New regime narrative drops: Trump's "inflation bomb"
Complete with a bevy of socialist Nobel Laureates to gaslight voters.
In fact, Trump's pre-Covid spending was about average for a recent President. While Biden has broken the bank to feed the left's army of activists and donors.
https://rumble.com/v55ohvt-nobel-economists-attack-trump.html
I talked about this in my latest podcast too! In Swedish, feel free to have a listen.
nostr:note133kp7uzx469a6estv3uraq65vk8jtdtsvcqysx5758yag4rj6xdqgc097u #trump #sverige #svenska
TGIF! #bitcoin
🌍 So what's up?
- ✓ Nato meeting, 13-14 June
- ✓ Ukraine peace summit, 15–16 June
- ✓ European Council meeting, 27-28 June
- ✓ French legislative election, 30 June
- ✓ Hungary takes over EU Presidency, 1 July
- ✓ SCO summit, 3-4 July
- ✓ UK election, 4 July
- French election second round, 7 July
- NATO summit, 9-11 July
- Biden/Trump debate, 10 September
- Trump sentencing, 18 September (?)
- BRICS summit, 22-24 October
- US presidential election, 5 November
What other (important) events did I miss?
Germany is retarded #bitcoin
All visitors to Sweden's first Bitcoin gallery can now donate via Bitcoin Lightning (or pay for coffee and merch, such as stickers and bottle openers).
All thanks to BOLT 12! (and phoenixd)
Where? Here 👇
http://Bitcoingalleriet.se #bitcoin
#sverige #sweden #Öland #Kalmar
BOLT12 and phoenixd up and running! 😎
#bitcoin #phoenixd
Comes close to the truth
Comes close to the truth
What energy usage is for North Korea, Bitcoin adoption is for Sweden.
Trying to affect change though! Running a physical gallery (bitcoingalleriet.se) to orange-pill the plebs, while writing extensively about the issues with today's so-called money system.
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note1zs4tf5nec0adqvzrqtvj8d6axwhwfd2m20n7qstc95megjdfqg3sljkceq
Remember when Visa and Mastercard shut down the possibility to support WikiLeaks (and Julian Assange?)
This is but one example of (mainly the US) using the financial system as an extra-legal weapon.
You will have no freedom without the #freedomtotransact! #bitcoin
🇸🇪😎 Öland right now!
The Bitcoin Gallery has opened for a third season!
- Do you want to know how money is created?
- Where inflation originates?
- Or learn a bit about what is different with Bitcoin?
Then you are welcome to Sweden’s first physical Bitcoin gallery in the middle of UNESCO's world heritage site Södra Öland’s agricultural landscape.
#sverige #öland #Kalmar #inflation #money #bitcoin
🇸🇪😎 Öland just nu!
Bitcoingalleriet har öppnat för en tredje säsong!
- Vill du veta hur pengar skapas?
- Var inflationen kommer ifrån?
- Eller lära dig litet om Bitcoin?
Välkommen till Sveriges första Bitcoingalleri, mitt i världsarvet Södra Ölands odlingslandskap!
#sverige #bitcoin #öland #kalmar
Also, almost no one (outside of Bitcoiners and crypto anarchists) seem to care about how the freedom to transact diminishes by the day, which undermine all our freedoms.
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Should money be made "real" again?
Why is counterfeiting problematic? Most respondents to such a question would likely come up with the following answers: 1) it could undermine trust in the financial system, 2) counterfeit money could fund criminal activities, 3) counterfeit money could cause inflation. (Historically, inflation referred to an increase in the money supply, unlike today when economists and lexicographers have re-defined it to mean rising prices). However, these answers may overlook the bigger picture.
The real problem of counterfeiting
Our money holds value because we can exchange it for tangible goods, either presently or in the future. (This is why Elon Musk pointed out that "money is a database"). Money thus represents claims on the real world. Successful counterfeiting allows for the creation of new claims without anything necessarily happening in the real world. Counterfeiters can use these fake claims to purchase actual goods (such as guns, ammunition or potatoes) with something essentially worthless. Those who receive such counterfeit money will believe they have gained something real. They will also believe their wealth has increased. However, the money will eventually not stretch as far as they expect, either because the fake bills will be discovered by some forensic expert or because they will not be able to buy as much as anticipated due to future inflation.
What happens to our conclusions if our assumptions are wrong?
In the philosophy of science, the concept of deduction plays a pivotal role. It involves deriving conclusions from premises, ensuring that if the premises are accurate, the conclusion necessarily follows. For example, if all birds have wings, and penguins are birds, then we can infer that penguins have wings.
However, if someone has sold something real - like a sack of potatoes - to a counterfeiter, the seller may assume that their real wealth has increased and act accordingly. But that’s not necessary the case! Counterfeiting can thus cause individuals to base decisions on false premises. Decisions made under such flawed assumptions are unlikely to lead to prosperity. Instead, they may result in economic stagnation or more severe adverse outcomes.
The Soviet Union had Trofim Lysenko. His theories claimed that traits acquired during an individual’s lifetime could be inherited by offspring, contradicting the (more accurate) Mendelian genetics that emphasized the heritability of traits. Lysenko’s ideas influenced Soviet biology and led to erroneous assumptions and failed experiments, hindering the Soviet Union’s economic progress. During China’s “Great Leap Forward” under Mao Zedong, one intention was to increase agricultural production. However, (incorrectly) advocating for the extermination of sparrows and other pests resulted in severe ecological consequences. False assumptions then led to mass famine and diseases, culminating in one of the deadliest periods in China’s modern history.
Counterfeiting will lead to mistaken assumptions
Money acts as a technology facilitating human coordination and decision-making. Counterfeiting disrupts this by introducing false premises into decisions regarding consumption, investment, and other economic activities. Thus, it’s critical to address counterfeiting not just for its immediate effects but also to consider its broader implications on economic coordination.
However, perhaps we should broaden our analysis even further. The central bank, as well as large corporations and billionaires (or is that Cantillionaires?) who receive favorable terms from commercial banks, will also be able to exchange newly created money for real goods (such as potatoes) in return for something that may not be worth anything. (The extent of the problem depends on how the newly created money will be used.)
Karl Marx used the concept of “false consciousness” to describe how social classes can internalize beliefs that do not serve their own interests. While the term itself was never used by Marx, but by Engels , it may be applicable to our current monetary system. Marx argued that by maintaining such false consciousness, the ruling class could retain their power and control over society.
Most of us now swim happily - like fish in water - amid the fiat currencies effortlessly created by central banks and commercial banks. But doesn’t this mean that we too risk drawing conclusions from erroneous assumptions, reminiscent of Marx’s idea of “false consciousness”? And if so, what does this imply for our countries’ economic prospects?
The end of the Bretton Woods system accelerated legal counterfeiting
Many, including Peter Thiel in his book “Zero to One” , have pondered what actually transpired around the beginning of the 1970s . Asset prices began to soar, real wage growth stagnated, technological progress slowed down (at least compared to the hopes of that time). Simultaneously, a towering income and wealth inequality started to emerge.
Coincidentally, it was also around that time when the United States unilaterally and “temporarily” stopped tying the dollar to something real (i.e., gold). The end of the Bretton Woods system thus allowed legal counterfeiting to take off in earnest, arguably leading to a plethora of decisions based on invisible yet sometimes faulty premises. Without these mistaken assumptions, perhaps we could have witnessed an economic renaissance of unprecedented magnitude.
“We have been naive,” is a common sentiment express in Sweden’s public discourse when something has gone awfully wrong. Could this also apply to our money?
Perhaps we should consider making money “real” again?
#bitcoin #fiat #banking
