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"So how do we scale ownership? Simply put, the answer today is custody, whether that is pure custodial like a Wallet of Satoshi or in the grey area like fedimints and liquid, the only way to do it today is through custody or federated bridges."
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Every kind of human arrangement is connected in some way or other with money payments. And, therefore if you destroy the monetary system of a country or of the whole world, you are destroying much more than simply one aspect. When you destroy the monetary system, you are destroying in some regards the basis of all interhuman relations. If one talks of money, one talks about a field in which governments were doing the very worst thing which could be done, destroying the market, destroying human cooperation, destroying all peaceful relations between men.
Mises
#m=image%2Fjpeg&dim=680x475&blurhash=rJDu%2BgVsBbaw%7D%5DxaJ5oanTDOt34%3AR%24wRe%40NFWCs%3AJ%7CRn-TR*O8ofxGbEW%3Do%7Bs%3B-Xt7NXocjJWWjbD%23axN4a%24afWBbIa%25obxuWExsj%5DbVobogbER*&x=1ce92f3f47b7784a42263501f3dbc3dd49a04454522c5b6856a56b6648c39f52It is a given that man is born as a child, that he grows up to be an adult, that he is capable of procreation during part of his life, and that he ages and dies. These biological facts have a direct bearing on time preference. Because of biological constraints on their cognitive development, children have an extremely high time-preference rate. They do not possess a clear concept of a personal life expectancy extending over a lengthy period of time, and they lack full comprehension of production as a mode of indirect consumption. Accordingly, present goods and immediate gratification are highly preferred to future goods and delayed gratification. Savings-investment activities are rare, and the periods of production and provision seldom extend beyond the most immediate future. Children live from day to day and from one immediate gratification to the next.
In the course of becoming an adult, an actor's initially extremely high time-preference rate tends to fall. With the recognition of one's life expectancy and the potentialities of production as a means of indirect consumption, the marginal utility of future goods rises. Saving and investment are stimulated, and the periods of production and provision are lengthened.
Finally, becoming old and approaching the end of one's life, one's time-preference rate tends to rise. The marginal utility of future goods falls because there is less of a future left. Savings and investments will decrease, and consumption -- including the nonreplacement of capital and durable consumer goods -- will increase. This old-age effect may be counteracted and suspended, however. Owing to the biological fact of procreation, an actor may extend his period of provision beyond the duration of his own life. If and insofar as this is the case, his time-preference rate can remain at its adult-level until his death.
Hans Herman Hoppe
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"Our government is filled with a bunch of disgusting excuses of human beings who are completely controlled by corporate and banking interests who are dead set on cattle herding us into a neo-techno-feudal world. This should be expected. However, it should not be accepted. These people don't have a single leg to stand on. They are the criminals they project the everyday Common Man to be and they are beginning to push people over the edge. They better be careful because more and more people are beginning to realize the con that they're playing and are holding up mirrors to expose the overt hypocrisy."
Different strokes for different folks.
