Gonna have to re-read them next week.

Sometimes I think about throwing away all socks I own and start over with a fresh set of socks.

Like 100 pairs of the same socks so It will never be a problem to find matching socks when doing the fucking laundry.

Then I remember to stay humble and stack sats.

If property rights, division of labour and low time preference are the fundamental principles required for civilization then it is self evident we must reinvent the current paradigm.

An 4 year election cycle creates an environment of high time preference as a society.

Centralised authority claims rights over property in many ways.

If that means 2 of the fundamental pillars are corrupted, are these the required targets for change? Decentralised money obviously improves property rights from the perspective of store of value of expended human energy and bitcoin allows that value storage, and projection over space and time. This doesn't target other property rights though. Lowering time preference in election cycles can only be carried out through increasing the time of any government which would exponentially increase the potential for corruption through entrenched systems. The only conclusion is that any large centralized system is counter to the idea of improvement in the quality of "civilization" over time with regard to improvement of "the human condition". Still trying to visualize a system of decentralized anarcho capitalism and how this disrupts those corrupting paradigms. Just looking at the squabbles in my local community, there has to be a very well structured system of incentives and disincentives to align individual desires into cooperative groups.

Maybe this rainy day is a good day to sit back and contemplate!

I think you misunderstood my point. Bitcoin is not a technology, its a protocol. A self sustained peotocol, a living thing, just like languages, or the game of chess... And I wasn't trying to attack crypto. Not at all! And I didnt mean to rub you the wrong way. I'm just pointing out why bitcoin will be the only thing that will last because of its nontrivial properties, namely, its supply cap of 21 million, proof of work and the difficulty adjustment. These properties are the only reason bitcoin will outlast every technology, including crypto.

Let's say there's 1 crypto that has mining and the difficulty adjustment but its supply isn't capped, you will essentially be running fiat on a blockchain. You will not be able to measure deflation in in the free market. Things may be cheaper to you relative to fiat holders, but you can't measure the deflation. Absolute scarcity is very very important here.

Let's then say another crypto has both features I mentioned earlier, then you will indeed be able to measure the de flation due to productivity, but not the boost from new adopters because of the network effect. In this case, since bitcoin is the first in the block, it will invite more adopters. So things will indeed get cheaper for you over time compared to measuring in fiat, but bitcoin hodlers will enjoy far greater price deflation as a result of the network effect. This will translate to price increase when measured in fiat, and this will invite new adopters, ans so on....

That's precisely why a new crypto with exactly the same features as bitcoin will eventually die out, as they do.

This new crypto will be akin to a new language. Chances are, unless this language solves a new problem that forces or invites new adopters, it will die out because most people will stick to and keep using the big ones, precisely because more people already speak it.

I'm not trying to trigger people. This is an invitation to really look into bitcoin. There's a reason it works. But if you like crypto and want to use it, more power to you.

This man is going to win in a landslide.

is this really naval? wen nip-05?

nostr:note17luu3jfqyucz2sjggkmdt3vhwxc0ngt0h8pem3tc98xa09jadf4qcjmvsk

Look at this thing 🪳

firefish.io

Ledn

OK sure but then you don't have a dollar short position. The advantage of a btc backed loan is that you can pay dollars to get your bitcoin back at the end of the loan term. The interest rate is brutal tho. You need a lot of inflation to make the numbers work and the custodial risk is 💀.

Arch is another provider. Single sig custodial w/ similar interest rate. Newish company, hasn't been thru a full cycle yet. Maybe 16% apr.

….15% rates too

Imagine my surprise to come on here and see a bunch of people linking this article I wrote haha

It’s true I was maybe a bit harsh in places, but I also think first impressions amount to a lot. But I am also intrigued enough to give this a shot nostr:note1t8xlq6jmqx4uhyjzuuxdja0wlvnu24vhgn4r8l7z4kxd9pym8kqsajm39w

Does anyone actually believe Biden can serve for another four years?

Can the brain change?

In a nutshell, a unikernel like MirageOS lets developers of an application build a kind of "micro OS" that is specialized just for their application. So rather than needing the entire Linux or MacOS system just to run a simple application, the unikernel approach just bundles up the pieces of the OS the specific application needs (like networking, file storage, DB, etc) into an extremely minimal, portable thing.

If you are familiar with VMs or Docker containers, that's the right sort of arena to be imagining.

You could imagine a unikernel Nostr relay. It wouldn't need an entire Linux OS to run the simple relay - the relay software would live on top of just the system requirements it needs and that tiny thing would be run "as if it were a whole OS".. if that makes sense?