If they advertise to you, their value proposition is insufficient

A no-coiner buddy of mine was telling me this week that bitcoin couldn’t work because humans can’t help but corrupt everything. I told him “I think you’ll learn otherwise over the next decade”.

I was wrong. He might learn otherwise over the next few weeks.

Bitcoin hardware manufacturers are getting mad creative - love it

This is the common rebuttal, yes. But the way I see, worse case scenario, if you’re right, we end up back where we started

The only organization that I encourage hiring based on DEI rather than merit

As long as taxation/inflation is the norm, people are going to fight about what the proceeds should fund. But the answer to that question can’t be given by any one person.

When people are free to spend money as they choose, they necessarily spend money towards the things they value most. Therefore, the only way to know what people value most is to let them spend their own money as they see fit rather than taking it from them via taxation/inflation.

#AustrianEconomics

Is anyone getting the “is now a good time to buy BTC?” texts yet?

#asknostr

He’s doesn’t worship the state or anything like that, but he makes it clear that he thinks a state is necessary to protect civil liberties and, in particular, economic freedom.

That being said, I give a lot more leeway to the OG philosophers who laid the groundwork.

Murray Rothbard, in my view, was the first guy to really hit the nail on the head.

Reading Human Action. I tried a few years back but couldn’t get through it. This time around, I’m realizing Mises is more of a statist than I thought. That being said, he set the pins up for Rothbard,

#AustrianEconomics

Mainstream medicine tells us that our bodies are stupid, and we need their pills in order to keep our health in check.

In reality, our bodies are smart and as long as we put them in an environment to be healthy, they will do the work for us.

Private property rights are more than just a collective illusion. If you follow the logic to its natural conclusion, it’s the only place you can arrive. By the process of elimination, you can prove that private property is a fundamental axiom for humanity.

The alternative to private property is collective property. Goods are utilized in accordance with the desires of their owners. If we presume that property is collectively owned, this means that you would need everyone to agree on how to utilize every good. It must be a consensus. Otherwise, certain individuals are deprived of their share of the “collective” property rights. Practically, this is impossible. If all 8 billion people on earth had to agree on which food got eaten by whom, humanity would starve to death. Any ideology that invariable leads to the destruction of humanity is undeniably anti-human. Collective ownership, therefore, is an anti-human concept. An anti-human concept cannot possibly form the foundation of a prosperous society.

We can then conclude that property must be privately, not collectively owned.

#AustrianEconomics

The whole point of private property is to provide an objective method dispute reconciliation. But disputes only happen over scarce goods.

Nobody disputes over oxygen in the air or the laws of mathematics because one person’s use of it does not hinder someone else’s use of it

Ideas are non-scarce and are therefore not property

When you think from first principles, the only place you can arrive at is Austrian Economics. I have never met someone who began at first principles and ended up a Statist.

Understanding the basics of human action is not all that difficult. The problem is not intelligence. The problem is courage. Most people are scared to think from first principles because they are scared of where it might lead them. They are afraid that they will arrive at conclusions that their friends and family might not approve of.

#AustrianEconomics #Bitcoin

When the price pumps later this year, the no-coiners will start listening to bitcoiners more. Theyll realize that if the bitcoiners were right about bitcoin, maybe they’re right about nostr. Nostr activity goes up with the bitcoin price.

One way X could mitigate this is by introducing their own fiat zaps to compete, but I doubt they’ll have the foresight to do this. Even if they did, nostr still has the advantage of decentralization.

As long as there are zaps. Zaps make nostr nostr

Just found out what S&P stands for. You can’t make this stuff up.

If it weren’t for the COVID insanity, I would still be slaving away in fiat land. I know I’m not the only one.

Scientific journals are gatekept. You’re not getting published unless you arrive at a conclusion that funders find acceptable.

“But who would build the roads?”