The post Breton Woods collapse of fiat might actually look pretty rapid to future generations.
Except for all of the Zoomers, Millennials, and most of Gen X, and technically whoever was on the far side of the Earth
Isn't the global average something like 200,000 sats?
You're doing fine. Stay humble. Stack sats.
I see you, but my nostr experience has been pretty erratic lately.
Speaking of generosity, we've started doing charity drives at Stacker News.
Here's a link to the first one: https://stacker.news/items/239180/r/Undisciplined
In the long run, positivity beats negativity.
Focusing on faults is attractive in the short run, but ultimately it's for losers.
Like nostr:npub1qfkcklnmes45z75y7y8dkud5yll8vp5eq5ysk9rmgqdxeasv8unsrfj6kq said, a thing can be immoral yet legal. Or vice versa.
If lender and borrower agree, let them be.
But usury remains immoral, since no well informed person would borrow money from his future more than what he’s getting. You’re getting 10 gold coins, your future self is losing 11 gold coins. No one would make that deal, unless the borrower is uninformed, and the lender is exploiting that, and that’s how it becomes immoral.
If you’re a well informed person, you’d be incredibly high time preference to take such loan. But it doesn’t make sense for a well informed person to be this short sighted.
Finally, we’re not arguing to ban loans. Simply saying usury, aka charging interest, is immoral, and I personally would ban usury if I ever get my own kingdom.
P.S.
Only reason usury looks like a good thing in our time is because fiat has distorted our perception of reality. It never was a good thing, and it never will be.
Why is it immoral to want to be paid for use of my money?
When I wanted a new car, I preferred to have the car sooner and pay someone to use the spare capital they had available, than to make do with a car that didn't serve my needs until I saved up enough for an outright purchase.
There's no moral content here. It's just consenting adults with different preferences interacting with each other.
In indefinitely repeated games you get very different play styles than in games with a known end point. In particular, with repeated Prisoner's Dilemma cooperation can be maintained as long as it isn't known when the game is ending. Once the endpoint is known, cooperation is no longer a stable strategy.
My sense of what we're seeing, is that the ruling class sees the end of the game coming and they changed their strategy. The new strategy is a brazen cash grab, because there's no longer a benefit to cooperation.
“Person who refuses to research or understand anything about _________ has this to say about __________:”
Unfortunately, that describes a tremendous share of discourse on pretty much any topic. It's a constant effort to curate my feeds to maintain high signal.
Thankfully, it seems like people are waking up to it. I wish I had seen it sooner.
So I guess no more magic electronic video and typing box for you
There are however a great many "give me money" notes
The GreyZone, the left-leaning anti war news outlet did a fundraiser to hire 3 more journalists.
They had raised $93,000 before GoFundMe froze their funds. I’m betting at the behest of the U.S. Gov.
How do i say this nicely…
You IDIOTS. Stop using establishment systems.
nostr + podcasting 2.0 + bitcoin.
The Grayzone should host their own relay, and set up nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg
Some people have to touch the hot stove to learn their lesson.
By definition, all assets are both scarce and desirable; since that's basically the definition of an economic good and assets are a class of economic goods.
Excellent propaganda
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