People don’t actually listen to others - they try but are too consumed with the voice in their own head filtering what others are saying.

It’s a miracle that we are even semi-functioning - considering how dysfunctional our communication is.

Hard money is backed by hard science. Social money is backed by social science.

Bitcoin is hard money and earns trust through the expenditure of energy.

Dollars are social money that earn trust by remote proxy force and local social engineering.

Trusting social money cost you time and energy. Trusting hard money costs you socially. Choose wisely.

You’re missing the energy expenditure component - that’s why your example is low signal.

Perhaps - but our ability to know the truth retrospectively very much depends on energy expenditure and agreement.

Truth is nothing more than 1) agreement, and 2) confirmation based upon expenditure of energy.

It’s not enough to agree. That agreement requires a commitment of resources. The greater the commitment, the more immutable the truth.

Someone teach this man coin control!

What do Fiat money and Killdozer’s story have in common?

Both originated with divine God spirits, and both ended in DE-Basement

Listen to Business Cat explain this shit to me while we celebrate a man who let the government fuck with him a bit too much in a time before Bitcoin and snapped.

https://fountain.fm/episode/NONJ4SuWHNrEnGVvWG5D

What does it really mean to “Do the Math” in Bitcoin?

https://fountain.fm/clip/WUaxhZi0LkFHyaaX5KjE

Imagine a Lightning channel that grants one party physical access to the other's goods because that party can provide a QRcode that unlocks the physical goods being provided by the other side

Imagine a relationship motivated by wanting to keep that channel open in perpetuity.

My cleaning service and I could have a Lightning channel. Their QR code would open my house and update the channel status with my payment.

At 1000 sats/vbyte on-chain, they wouldn't dare behaving in a way that would jeopardize our channel or cause me to close it.

High fees on-chain encourage a level of cooperation between Lightning partners that we've never seen in business outside of legal threats or other coercion.

Go soft boiled. Hard boiled is ass and a waste of life force.

I’ve always thought employment contracts, especially executive compensation, would use inscriptions once Bitociners demand them cause they don’t trust the legal system or anyone else to custody the documents.

Lightning channels are the future of cooperative relationships between parties that currently pretend to trust each other.

The threat of closing the channel will incentivize good behavior and cooperation, especially when fees are 1000 sats/vbyte.

Instead of behaving to curry favor from people you perceive to be powerful or influential, we will behave with a priority towards protecting our lightnjng channels with the people we have cooperative business relationships with.

https://risk-fundamentals.ghost.io/building-annuities-on-the-lightning-protocol/

Your point is taken - savings is a structure to maintain a low time preference. When savings is depleted, time preference ultimately is raised.

This is why people shouldn’t necessarily have all their savings in Bitcoin.

I’m thinking of most of the thinking and building that needs to be done now but there’s no money in it. A lot of Bitcoiners quickly justify their decisions based on “paying the bills” without realizing they are relinquishing their time preference.

I see this frequently with influencers who have spent many years creating content that was never monetized - then they take shitcoin money as a sponsor or quit and offer their survival as a reason that Bitcoiners are supposed to accept without criticism.

The point I want people to understand is that a low time preference isn’t any permanent state of affairs - it requires a lot of work and sacrifice to maintain and should almost be held sacred and not offered cheaply to rationalize decisions that clearly wouldn’t have been made under such a low-time preference.

It’s worse to LARP a low time preference than to be a honest golden retriever.

Lightning is meant to have all legal disputes settled on chain so if the bug doesn’t subject the attacker to a penalty disincentive then the attacker has done the network a favor by showing the weakness. Lightning will never have “juries prudence” anywhere other than the Bitcoin blockchain.

Tldr- no formal difference - and if it’s meant to be the payment rail of the world in the future, any legal formality will be irrelevant.

The most enduring aspect of the Covid psyop was the demonization of people doing their own research. That was the grand prize!

The weakest victims are dead and disabled and can’t speak to us in retrospect. The absence of their voice reinforces and validates the remaining NPCs.

This is the public square conversation that AI has to learn about our species. AI will overfit their predictive model to NPCs and have no clue what to make of Bitcoiners. THIS is the state of the science and it can’t be faked.

https://risk-fundamentals.ghost.io/hodling-is-a-human-action/

I’ve had wasp and hornets nests that made me afraid to use my front door. It’s no kind of life so I get why you want it handled.

Exterminators are pretty good at these things - I’ve had exterminators even with their gloves and suits get stung to shit by hornets nests I’ve had them remove. This is not a DIY job unless you are experienced.

I have so many conversations with Bitcoiners that begin with “low time preference” and end with “that won’t pay my bills”

We need to learn that a low-time preference is transient and doesn’t last long without structure and integrity - many times it doesn’t even survive a short conversation.

Hario makes great equipment. Coffee chainers should know this.

General observation - it pays to have ppl in your community who understand insect life and can remedy problems with minimal consequences to all.

Anyone looking to earn Bitcoin should buy a suit and learn how to deal with stingy bugs