Just saw some nostr 'content' that made me want to leave lolol. The shite some of you lot lap up lol. Not going to name it tho cos that's mean. But it's shockingly bad stuff lol

When was the last time you saw a politician take credit for something that would have happened regardless of their existence?

When was the last time you saw a politician accept blame for something that their meddling screwed up?

no need to be the first thing, but at some point you will need to handle it. Self custody has responsibilities. No one will solve this problem for you without selling you and your data for profit.

You are either extremely naive, or wantonly obtuse. Governments can ban the possession/use of firearms, but you can ignore that or not. It doesn’t affect you if you self-custody firearms (or print them). In changes what you are in the eyes of the law though. Many people will decide it isn’t worth going to jail over such things

Who said that? It can be banned, but the ban is costly to enforce and thus just drives it into the black market. And so any bitcoin user would much prefer to live in a jurisdiction that is not authoritarian enough to ban the use of a decentralized spreadsheet.

Elon Musk is not Hank Rearden, Hank Rearden did not depend on government contracts or public subsidies.

If there is any character in the real world worth comparing it is Nikola Tesla, the real-life John Galt.

Elon Musk is not Hank Rearden, Hank Rearden did not depend on government contracts or public subsidies.

If there is any character in the real world worth comparing it is Nikola Tesla, the real-life John Galt.

I assure you she understands it better than either of us. China “banned” Bitcoin. But did it keep people from using it that still wanted to…No.

In practice, you can only ban yourself from using Bitcoin.

Good morning!

On this day, August 15, 1971, President Richard Nixon abolished the gold standard. This decision marked the end of the dollar's convertibility into gold, shifting the international financial system to the use of fiat money, backed by trust in government rather than gold reserves.

What people don't seem to understand is how long inflation takes to ripple through the agricultural industry.

Conventional food production is energy intensive. Fuel prices contribute to fertilizer prices which contribute to grain prices which impact conventional meat prices. Add in the fact many producers try to secure input prices a year ahead of time, further kicking inflation down the road.

High quality grass fed producers have greater resilience to these pressures as the price of hay is likely the biggest impact, which is readily planned for during "good hay making years." (Another example of delaying inflation in agriculture.)

Inflation hits the lowest quality food production the hardest because they're already in competition to be the cheapest producer. As a result, fast food is a great gauge on real inflation rates.

I haven't even touched on the impacts that the drought can and is having on agricultural prices. Cattle markets are at all time highs. As parts of the country come out of drought demand is increasing for female livestock to start recovering from selling off during the drought years (national cattle numbers are fairly low). Coupled with stronger demand for beef the cattle market is expected to experience a super cycle.

It isn't unreasonable to be securing beef for your family now for the next 1-2 years from your LOCAL Bitcoin farmer/rancher. And if you don't have one, orange pill one. Regenerative ag and Bitcoin were made for each other.

Rehypothecation isn't just a gold and bank vault issue. It's happening in cattle markets too. Get eyes on your beef while it's on the hoof.

Sometimes people ask me, “what if American bans bitcoin like they did for gold?”

1) That’s why it’s useful to engage politically. To prevent that draconian tail risk. And it’s working. Prevent any sort of anti-Bitcoin supermajority.

2) America had a supermajority in Congress when they did that for gold. They could override every check on power. That’s uncommon. We became highly collectivist for a period of time.

3) America literally put Japanese Americans in camps back then. But not German Americans. Because we were outright racist. And this was all pre civil rights for Black Americans too. Terrible.

4) This was all pre-internet. Centralized media. Few memes. The slow speed of communication was relevant.

The meme-work makes the dream work.