Fractional reserving isn’t a decision - it’s a natural state from an economy that runs on debt on money that can be easily counterfeiters by the state.
Only way to change the natural state is to replace the counterfeit money with one that can be held but not confiscated or counterfeited.
Good news for us is that we live in a time where it not only exists but there are fools who will willingly trade that shwag money for it. What a world!
Bitcoiners celebrate the failure of corrupt stablecoins. This is signal.
Many would (and do) simp for them as a catalyst towards victory - but true maxis just can’t cross that line. This is the signal I look for.
I would say it doesn’t work cause it’s a bad argument. Let’s go murder whatever group is responsible for Fauci’s rancid genetics. It’s childish.
If you’re in Bitcoin and you can’t separate an individual from a group, youre NGMI
Whatever you did for 20 years isn’t really relevant to us here - the last group of people on Earth willing to begrudgingly allow you to put your words in front of us.
I’m sure you understand that exterminating a group of people based on their religious origin is not viewed as a rational act so the bar to explain yourself is pretty high.
And you’re coming in here with “blah - Marx was Jewish, so we’re some other people - case closed”
Know that for me - I heard you and I’ll probably choose not to bother. You had your say but if you want to go crying that you were censored I will show receipts.
The world you live in wouldnt know what decentralization is without the Jew. Still holds today.
Your analysis and root cause attribution is remedial. You might have a point of view in there but it’s buried by retodd ideas you can’t see through.
I can’t judge perfectly but it looks like a troll to go crying to Twitter about how censored it is here.
I’ll give him room to be a shit communicator but this Jew is running out of patience.
There are smarter Jew-haters in Bitcoin with actual worldviews.
Pura Vida.
Saturday morning is special for those of us in the fiat mines because we get to study encumbered.
Today I’m reading Mastering the Lightning Network - Chapter 3 (How the Lightning Network Works)
Love you all.
Get 10% povidone iodine - dilute it in water 20-1. (To .5%)
Then take a qtip and root the hell around both nostrils - all the way.
Crushes the sinus infections.
The main reason not to use Muun for zaps is that they create a giant on-chain transaction even for a 20 Sat zap. It will bloat the chain horribly.
Muun is strictly training wheels for Nuubs
We gotta be patient - not everyone has the bandwidth to early adopt a new technology.
Having said that, there’s dozens of bitcoiners i could name that I wish were over here.
Knut, Saif, Max come to mind quickly.
Any corporate shill can get a degree from Wharton. Penn sells “executive diplomas” to mediocre people for big money. Dirty secret.
Follow signal not credentials. Follow people who respect signal, reject people who respect credentials:
Fiat makes it hard for people to work in the Bitcoin space. You have to let go of strip-club money and settle for honest value, while still having dishonest liabilities (healthcare, food, etc.)
I’d guess a 8-10x pump will bring a lot of the people stacking through the past cycle into Bitcoin employment.
Working on it - I still think they do net good in the world for now - however -
Their reach as a media company should have them viewed far more adversarially than people currently do in my opinion.
At some point, we don’t know exactly when, Cafe Bitcoin transmogrified from a pleb hangout to an influencer circle jerk. I’m eagerly awaiting the next transmogrification.
Choose your difficulty adjustment.
Bitcoin or
A few weak men acting in service of a corrupt state with a monopoly on violence
Anyone who would buy a bond that yields less than 15% is a bonafide moron.
The largest financial market in the world is complete with irrational speculators.
Never. But If I didn’t have access to $$ I’d probably have to.
We had a lively discussion on this last night at the Lancaster meetup.
Mileage varies. It’s early but it’s inevitable that some health insurance will be needed for Bitcoiners.