America has provided access to free markets to the world and global shipping free from piracy since WW2, albeit imperfect.

Now Bitcoin offers global access to sound money, albeit imperfect/incomplete at this moment.

A blonde moment

If you steal enough from the winner, they war starts anew.

Bitcoin won’t kill fiat. Why? Its use as collateral for fiat loans incentivizes bitcoin holders to avoid fiat taxes while relying on fiat inflation to decrease cost of loan over time.

Yup. That’s how war works. The winner takes stuff. It’s like hitting a reset button on property rights. And that’s exactly what sets up the next war.

The problem of property rights is that compensation is unaffordable for the victor.

So far, mankind has only found 1 solution to this problem: kill. It’s awful.

I’m always surprised at how expensive these places are. If I’m patient, I can get ribeye at $8-10/lb at my local grocery store (like 4 times a year or more). I have a boat load of ribeye in the freezer. In fact, sales come so frequently that I have stopped adding to my meat horde. My freezer is bigger than needed for the frequency of really good deals.

I couldn’t ride a bike that far that fast. Well done man

Yup. And violation of property rights…there were many hundreds of years of property rights before WW2 victors decide to violate those rights without compensation. But murder is how such disputes are usually settled, so we should not be surprised that we are where we are now.

nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx great show with wirdum. Re: Nick, It’s nice to see some OG take a back seat…a new generation is taking over.

They can also be your warrant canary.

This is part of it

https://www.coindesk.com/policy/2022/02/08/us-officials-seize-bitcoin-from-2016-bitfinex-hack/?_gl=1*10b11nx*_up*MQ..*_ga*MTA3Nzk0OTcyNy4xNzA0OTMxMzg3*_ga_VM3STRYVN8*MTcwNDkzMTM4Ny4xLjEuMTcwNDkzMTQxMC4wLjAuMA..

Yes she is. I got to speak with her in private at a function and she’s really level headed. Not naive to the chicanery that people can do with valuable things but not afraid to acknowledge that denying the existence of a market is not a crime fighting tool.

The expiration of the federal reserve’s bank term funding program in March is not an accident and it’s no coincidence this is before the halving.

A liquidity crisis coupled with US Marshall’s service 250,000 bitcoin auction and return of the 130,000 recovered MtGox coins to victims will have a big negative impact on price.

Will it be enough to “delete the peak” on this cycle? I hate to be contrarian, but you might need to consider an 8 year bitcoin investment horizon instead of the typical 4 year horizon.

If you ever get to chat with someone who got into bitcoin in 2012 or earlier, ask them how they found out about Bitcoin. The story is always interesting.

Land disputes are always settled by war. But it is incorrect to think there were no property owners in Israel in 1947.

Good call. I’m not as good an indirect vegetarian as I pretend to be. I eat fish too.

I’m an indirect vegetarian. I only eat animals that only eat plants.

It’s not a moral thing. It’s just that predators are expensive.

Agreed.

Like a quarter million bitcoin

Spot on.

Ironically, humans have many thousands of years of experience keeping analog secrets…the hardware wallet is to help with the digital side of things, which is new.

So, in essence, this is a Luddite in the extreme.