A gallon of raw a2a2 milk should cost about $10. Bag of decent single origin coffee is about $15/12oz

Sounds about right.

We will lower the cost of both over the next decade.

Abstract Algebra can be a beautiful tool - but I have found that it’s best use is to keep myself humble by trying my damndest to learn it.

https://fountain.fm/episode/iVmGjn3ankSzlycg73Qb

We closed the episode with The Lizards. It’s about my community doing things smart people don’t do. I’m grateful to my partner for accepting my plea.

No need to explain. We are all Phans whether we all know it or not.

https://risk-fundamentals.ghost.io/phish-and-bitcoin-a-continuum-of-genius-network-effects-and-unintentional-foreshadowing/

Steve - would be great to hear Tom’s reaction to my suggestions about Phish’s lyrics and Bitcoin

https://risk-fundamentals.ghost.io/phish-and-bitcoin-a-continuum-of-genius-network-effects-and-unintentional-foreshadowing/

Notable that it’s not Halloween but it is gonna be cool.

I’m writing a new essay on the Halloween tradition and the connection to Bitcoin.

It’s a daily struggle to stay humble. Fuck you money is burning a hole in my ego. The drop was way easier to navigate.

This is the interview that Orange Pilled me. They barely discussed Bitcoin. But I saw Dr Jack as I’d never seen him before and Caribou had a whole set of learning videos. I did them all and the rest was history.

https://youtu.be/pVlKjevjO90?si=DrH5kITI9Bx5LRdG

https://fountain.fm/episode/h13P6Lu0jHIHUC4tZUGR

nostr:note1cfllvnk5jhufhgumrvpalchvtzaw8ktzlwkr8hntmm7wuuvqpjvslq29u7

SlyGoomba is a great plan but doesn’t care much for Nostr. Let’s show him a little love here and maybe I’ll talk about it with him when I go back on his show next week.

https://fountain.fm/episode/h13P6Lu0jHIHUC4tZUGR

Was great to come on this show - one of my favorites and love the title Sly gave me. EPIC!!

Bitcoin’s base layer has solved the “Double Coincidence of Wants” between 2 connected peers. This is a chimeric event that permanently transcends barter and allows specification of labor

However this comes at a price (miner fees) and is only available to connected peers - a pitiful fraction of the potential combination of coincidences to be solved.

Additionally, while we have graduated from barter but we don’t yet have commerce on par with how Fiat has connected market participants despite doing so on a terrible base layer.

Lightning’s various implementations extend the double coincidence of wants to allow many more combinations of non connected peers. How many more? That’s a problem id love to see a math student write their dissertation on.

Yes - that’s the moment they realize it’s too late. We’re already at 1M a coin here and every project manager in big pharma and finance is a fiat millionaire who just figured out they lost.

Without explicitly saying so, @Lyn Alden explains on page 275 of Broken Money - exactly what Bitcoin fixes.

Prior to the chimeric event of 1/3/09, no hard money could keep up with fiat in terms of salability or settlement speed.

This just enabled the crackheads who rule us to print the shit ad-Infinitum. No limits, no control.

Satoshi ensured that this stops now. Now a hard money can not only keep up but exceeds every fiat and commodity money in every way - no government can beat it.

If you are listening to Broken Money by nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a make sure at Chapter 15 - that you sit down for a couple of days and work through the examples.

This is a once in a lifetime opportunity to understand money creation from an engineering perspective.

50 years from now this information will probably be irrelevant. 50 years ago it would have been as valuable to a nation as a nuclear weapon.

It’s a kyc grab. They only care about doxxing their users. People will fall for it and that’s their problem.

You maybe right but you do not understand the extent to which Blackrock’s spot ETF will also destroy fiat at the same time.

Smart bitcoiners who do the work will benefit greatly from both ends without having to think much about it. This is about the 8+ billion NPCs in our way - not Blackrock or Bitcoin.

Blackrock is using Bitcoin to solve a problem. See my writing here and my podcast to understand what that is. We can’t stop them any more than they can stop us. They’re here and they have a purpose - it’s not NGU and it’s not to destroy Bitcoin.

Ultimately they will succeed because they are creating better Fiat. We will succeed because Bitcoins Trojan horse is gonna bring down the whole system.

This will happen whether it’s Blackrock or 15 others.

This fireside chat was FIRE. Erik is an extraordinary man and figure in our world. His book Cryptosovereignty might be the most important book you’ll read. Tomer did a great job giving Erik the space to bring presence and urgency to his speech and deliver a truly powerful message.

It’s notable that Larry Fink is now on TV speaking of Bitcoin as a destination in a flight to quality.

I’ve spoken and written extensively about my view that Blackrock is solving a risk problem using Bitcoin and every time Larry Fink speaks - he validates that view.

The problem of asset management is far simpler in a world of people exposed to Bitcoin longs and shorts than a world of people exposed to bond longs and shorts.

The base case of holding Bitcoin over bonds is also becoming much more simple and clear. Zero counterparty risk, zero monetary policy risk, markets open 24/7/365 and -

Now that FASB is marking to market and there will exist a perfect hedge in the ETF - Bitcoin occurs to any ordinary asset manager as a superior store of value.

Only if the country can afford to buy all the bonds at par.

UK printed $60B it couldn’t afford to do it last year. Japan will likely be many multiples of this and KAPOOWEE - no more Japan.

Only Ukraine has the cash for that.