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Varangos ☦
5725c4a8292805ad09891b9f8500c59249cd986a38674a7a821915516ba4f820
Heritage American of British and Nordic stock. A supporter of Tradition and Patriarchy, inquirer of Orthodoxy.
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Pakistan

I must have just been a split-second ahead of you. I saw your post the same time as mine went up!

Still learning how things work, but I THINK I've set up my lightning wallet correctly.

This should be tried out. If not, at least there's precedent in the US of removing DAs for abdication of responsibility and duty.

Bitcoin meets certain key criteria of sound money: it is portable, it maintains it's value (not inflatable, though large fluctuations do occur when comparing it to fiat), and it is (increasingly, and I think #nostr can play a big role in taking this further) salable.

Further, #BTC is self-custodial meaning that the owner of the coin is the holder of the coins. This eliminates counter-party risk and removes the need for banks, eliminating the whole premise of a debt-based economy. Minus the ability of fiat currency to be issued as mass-debt, it will lose steam and be less attractive as a store of value as fiat-entangled economies "shrink" now that they no longer have access to unnatural growth drivers.

The adjustment phase will be painful (and in many cases, likely catastrophic), but sound money options will be the winners, and with the growing distrust in institutions, the best option for anyone looking to build their wealth will increasingly obviously be self-custodial, decentralized, and divorced from institutional control. BTC is the only currency that can meet these parameters, with built in resistance to centralized control.

I need to distill this to a shorter write-up, but as I'm still learning the economics of BTC it helps to write it out in any case! Feel free to point out errors, inconsistency, or incompleteness in my reasoning #ironsharpensiron !

It'll be a few more years at best until they are able to get a steady launch cadence w Starship like they have w F9 (assuming the EPA or some other gov agency doesn't get license to shut them down, they're trying...). Once it get's going, it'll be exciting to see what the market does! I'm rooting for rotating space stations!

He's been talking about it on his pod, but I haven't found him on here yet.

Congrats on finally getting out the third book! I'm still working my way through the first two, but already looking forward to the new one!