I meant “no link” in what he said 😂

There is most definitely a link between property prices and bank profits.

Thanks for the link 😁

LOL.. it’s pretty much the expectation now that the default position for anyone in govt or big business is a lie. How else does a bank make money Mr Bankster?

no link, lol!!

It's not necessary that an economy will converge on the best money.

Governmental power structures can very well impede people from using what individuals think is better money.

And it's possible that people can voluntarily opt to use other forms of money, because that's what suits their needs and circumstances.

But they can't escape the consequences of using weaker money, like:

•Roundabout and complex production won't be engaged in.

•Time preference of people would tend to be high. Not much savings of deferred consumption.

•The options available to them to purchase in the market will be much less.

•The options available to them in terms of business ventures would also be limited.

•There will be a tendency in those who produce rice to direct the government does.

And it's not necessary that people will reject wealth redistribution as well.

Similar to what I said above, they won't be able to escape the consequences of redistribution:

•Investment in the production of goods that the market wants will not occur or be hampered.

•You'll find people who don't value their own bodies that much as they don't have full control over it, as a consequence of their labour being taxed. So you'll find that people fall sick or engage in self-abuse.

•Overall productivity will hit a ceiling.

•Those in government or those close to it will get quite wealthy while others get less wealthy.

It's also possible that people consent to such a system of slavery or serfdom as well.. you know, like people in every society at the moment do.

They’re both strange anomalies. ChatGPT: “The Inca had a redistribution system managed by the state. People paid taxes in labor (the mit’a system), and the government redistributed food, textiles, and goods. There was little need for a circulating currency.” Cc nostr:npub1xnc64f432zx7pw4n7zrvf02mh4a4p7zej3gude52e92leqmw8ntqd43qnl nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz

Also, what’s the 2nd step?

What's the Austrian Economics take on Inca and Aztec empires not converging on silver as money?

#asknostr nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpg3mhxw309ahhsarjv3jhvctkxc685d35093rw7pkwf4xwdrww3a8z6ngv4jx6dtzx4ax5ut4d36kw6mwdpa8ydpkdeunyutzv9jzummwd9hkutce3hvah

You're in Bitcoin to "change the world" but are too afraid to spend it to bet on yourself?

Innumeracy is the real pandemic

Him? That’s Harari, he’s Israeli.

I knew this video was going to be fucking retarded just by reading your comment... But wow... Watching it is something special

There are many different reasons to mine.

All of them strengthen and decentralize the network. 😁

These are things that generally suck in my experience, but normies love.

- clubbing

- concerts

- music festivals

- amusement parks

- cruise ships

- brunch

- pool parties

- live sports

- the beach

Here are some things that normies hate, that are generally awesome in my experience.

- going all in on bitcoin

- silence

- a book about napoleon’s military campaigns

- learning a new skill

- staring at a fire

- cleaning a revolver

- being alone

- lifting heavy weights with no music

- doing nothing

GM

The 7’s, you mean my missus’ friends and their escapades?

what is the appropriate time for a ☕ coffee shop to open? #asknostr

GN

I don't understand what MSTR is doing and I don't really care.

Cold storage and chill.

Australia V West Indies 1975