You can control a man with brute violence but you can never truly OWN a man until he's convinced that your word is law, and obedience is a virtue.
😅
We're barely passed if not still in the innovators stage of the technology adoption S-curve.
Thank you for finally getting me on Nostr, nostr:npub1j8y6tcdfw3q3f3h794s6un0gyc5742s0k5h5s2yqj0r70cpklqeqjavrvg!
Everyone will come to #nostr
Gradually, then suddenly
is that before or after you pay the taxman?
The paramount challenge of our time is to mend our broken monetary systems. Countless issues we witness today stem from this root problem, giving rise to a cascade of second, third, and fourth-order consequences across different spheres.
HODL HANG #9 - #Bitcoin is the (new) solution to the 'meaning crisis'
https://fountain.fm/episode/ZZ5mrpaWzouzy3iBtsZK
nostr:npub1cqm6dztalp4l6n04f9k20c333xftgangjla337736dr6faz9na0qf2hjec
nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pf
nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs
nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um
🤙
New Tornado Cash Indictments Run Counter to FinCEN Guidance - Coin Center
"The factual allegations of unlicensed money transmission are in conflict with FinCEN's longstanding guidance that an 'anonymizing software provider is not a money transmitter,'" Coin Center's Peter Van Valkenburgh said.
https://www.nobsbitcoin.com/new-tornado-cash-indictments-run-counter-to-fincen-guidance-coin-center/
"If a person, for example, had the ability to move any and all funds locked by that contract then it may be true that said person accepted those funds and was transmitting them on behalf of whoever put those funds into that contract, i.e. said person was a money transmitter. However, if a person merely had the ability to update certain logic relevant to the contract but insufficient to gain control over the funds and transmit the funds at their discretion then said person would not have what FinCEN in the guidance calls “independent control” over the funds being transmitted and would not therefore be a money transmitter. The indictment does not clearly state the manner of the defendant’s control and therefore does not sufficiently allege unlicensed money transmission."
nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_757 - Putting the B in BTC (Anthony Towns)
"The headroom there isn't unlimited expect it to show up as fee pressure and backlogs and less ability to quickly resolve transaction storms. And that will in turn make it hard and expensive for people with small stacks to continue to do self-custody on the main chain. At that point, acquiring new high value users means pricing out existing low value users."'
-Anthony Towns
nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_757 - Putting the B in BTC (Anthony Towns)
"The headroom there isn't unlimited expect it to show up as fee pressure and backlogs and less ability to quickly resolve transaction storms. And that will in turn make it hard and expensive for people with small stacks to continue to do self-custody on the main chain. At that point, acquiring new high value users means pricing out existing low value users."'
-Anthony Towns
While private cronyism is a risk without a state, empowering coercive monopolies like a king or patriarch is not the solution. Decentralized, voluntary exchange remains ideal. Smaller firms competing in free markets are less prone to cronyism than gigantic corporations. The key is separating economy from state, eliminating the power to tax and coerce. This properly aligns incentives with serving customers rather than bureaucracy. Though no system is perfect, maximizing voluntary exchange and local control provides the best safeguards against the perverse incentives and systemic harms that come from coercive state power.
The key distinction is that private firms rely on voluntary exchange while governments rely on coercion. Insurance companies must earn customer business through accountability and service. Government agencies face no such discipline and can persist through unjustified authority and taxation. Thus, the central problem is the illusion of justified state power. We must awaken citizens to the stark difference between voluntary and coercive institutions. The path forward is to restrain the state while empowering decentralized, voluntary solutions grounded in consumer choice and free competition. This is the antidote to unrestrained bureaucracy in all its forms.
"Without the erroneous public perception and judgment of the state as just and necessary and without the public’s voluntary cooperation, even the seemingly most powerful government would implode and its powers evaporate. Thus liberated, we would regain our right to self-defense and be able to turn to freed and unregulated insurance agencies for efficient professional assistance in all matters of protection and conflict resolution."
#Bitcoin is not about getting rich. Bitcoin is about not getting rugged.
In Bitcoin, Explained 83, nostr:npub1s6z7hmmx2vud66f3utxd70qem8cwtggx0jgc7gh8pqwz2k8cltuqrdwk4c and I discuss the Milk Sad vulnerability.
👂👇
https://podcastindex.org/podcast/3307835?episode=15574219772
Wait, Aaron has zaps now?
🎶 Aaron stacks sats, Aaron stacks sats, Aaron. Stacks. Sats. 🎶
