I think our generation (Millenial) can make it much better, especially in small spots around the world.

Good point indeed. This is very true. There was no internet, which I do absolutely agree is a revolutionary and by far the most important tool the our (Millenials) generation have. There always were libraries and books all around but there wasn't the incentives to learn because life was good and everything worked.

There were no incentives to learn. Life was good.

But still, nowadays I see a lot of boomers too attached to their ways (materialistic, self-centered and without the same drive to learn, evolve, share). I think that might not work well for them in the next decade in my view and it already shows. The world is becoming more dangerous and complicated in many places. People need to open up a little bit or they'll suffer much more than necessary.

I don't really want to add fuel to fire but lately I've been going through this clash also.

The thing that annoys me the most is the lack of learning. Our generation (Millenials and Generation X in this case) had to learn everything and we're still learning and adapting.

Baby boomers didn't have to learn anything. If they had learned something, you know, at least opened a book (ahah), we would have had a much much better society by now. The few baby boomers I've met that learned something new are incredibly useful to society nowadays. If there were more of this kind we would've had a completely different society in the west, in my view.

But hey, it is what is, and there's always opportunities from all of this. But I feel you man.

I just now discovered this BIP proposal. I also don't think this is a good idea.

In my view I there's many more important things to do in the world and ways to spend attention and capital. But anybody is free to create a BIP. And I think its important to always remember that the idea that all BIPs should deserve attention per se and all appear in one place is obviously just an opinion as we know. It's part of the process of decentralization that we're all part of.

This (and other BIP ideas) are a great test to the decentralization of Bitcoin. Bitcoin should remain decentralized, and we should find ways to make that decentralization always be the priority.

Bitcoin is the community. Nostr allows that community to flourish too. Nostr can also teach decentralization to Bitcoin.

We're all going to there and learn a lot about all of this. We're gonna get there.

Yeah and all controlled with Context Model Protocol and AI. That’d be pretty sweet.

Yeah? But wouldn't you say all these guys are more of the same? Europe is very very statist... The people, etc, Bitcoin for example is not a thing for many people. And the demographics are really bad. Older people, dependent on the State...

What's the neoliberal system in this case for you? Asking honestly.

Yeah but there's thousands/millions of them it seems. 6M Europe users, the thousands of upvotes in censorship and war against Russia.

I don't really know...

I know it's distorted but I see really a lot of people in European subreddit that despises free speech and democracy.

https://www.reddit.com/r/europe/comments/1kplc9e/everything_you_need_to_know_about_european/

Just look at how so many people hate everything that has to do with Russia, per se.

At a time where EU is re-arming, having all these people/kids aligned with hate/war, I wouldn't be surprised if some sort of war doesn't brake out somewhere in the Europe/Russia border.

This has happened before. The media pre-WW1 demonized the other "side".

#europe #politics #culture

Oh wow. What can realistic be done in this scenario in your view?

This is in the UK right?

Yeah.

And honestly I think Europe will not see the likes of Milei for decades. Populist, neo-con, statist, yeah. Libertarians, very unlikely. In my view...

The main thing is, this model is only truly bad for the workers in the private sector. Those are the ones with the least security and most opresion. In other words, the people that actually produce most goods, as we know. So it's an incredibly unfair system for those people. Everybody else, i.e the majority of people, loves this model.

And my conclusion is the people in the public sector will never let this privilege go voluntarily. They'll ALWAYS vote for the state. Always. They'll never vote for a Milei. That would be voting to lose privilege.

I think the best we can do in Europe is educate public servants to become Bitcoiners and/or develop skills that lead them to a better job in the private sector.

We might have populists, neo-cons, that close borders. But they'll still be very statist.

Dorian Concept is beautiful and intelligent music.

If we can do this we can do everything.

https://www.youtube.com/watch?v=KQ_LVefrcas

#music

Yes, great points. I've also been thinking deeply about Europe and the whole socialist/statist culture.

Especially as it regards to the social/family culture.

I honestly think it will need to be all about the network. The change in Europe is going to be very niche, local and integrated.

In other words, I honestly don't think there will be a libertarian revolution in Europe. Argentina needed 4 or 5 hyperinflation events, until they actually thought about something else...

So yeah, networking, local, national and Europe-wide. Integrated with the current power structures. Just very small steps in a Bitcoin direction. It has to be statist. The Trump populist model with Bitcoin but at smaller & local level.

I think change in Europe has to start at the local level and integrated with the state.

The problem is exactly the same in all states of the world. US, UK, Portugal, Spain, Brasil, Argentina, etc, etc.

It's zero accountability mechanisms to translate the true statistical, precise, exact will of the people (in the form of referendums and specific policies).

Judges should be able to be deposed. Judge recalls. The people should be able to recall a judge.

It's all autocracies calling themselves democracies. In Switzerland and certain states in the US judges can be recalled and that's fundamental.

#politics

People will know because they'll need to know.

#bitcoin

In my opinion, there's no way out of this conundrum with just education.

The people, everybody and the Portuguese included, will only learn with system collapse.

This is the learnings from Argentina. It simply doesn't work. A social welfare state will always fail unless it has precise incentives with direct democracy mechanisms like in Switzerland. The Swiss model can maintain a stable social welfare state, because the incentives there precisely define scarcity and meritocracy.

Anything else with worse mechanisms (i.e all the so called democratic world except Switzerland) will fail in due time. Fail in hyperinflation, economic collapse (asset bubble) or a combination of both.

Argentina shows that you can spend 60 years trying to explain this to people and only after the 5 or 6th hyperinflation scenario do people actually learn.

But let's see how it rolls in Portugal. The population is old also, which is not an advantage. For me the scenario in Portugal is inflation and slower economic bankrupcy for people far from the printer.

Basically a more divided, polarized Argentina on steroids because of much larger inequality (between haves and have not), much more debt, much more house/private debt, etc.

Chega if it ever gets power might delay the polarization somewhat. But they'll quickly be removed if they don't truly reform (Milei style, and much further).

It's a pre-Ditadura Militar of 1920s in Portugal but with much more inequality, polarization, debt.

By 1920s the Portuguese people were begging for the military and then the ditadura militar (which implements Salazar later on) gets implemented without opposition from anyone.

Let's see what happens :)

Sure but this guy is clearly too far away from the real problem of housing.

It's not the taxes, it's the huge premium (i.e houses are investment) because fiat is worthless because politicians like DeSantis use it for undemocratic, unmeritocratic, unneeded needs.

Of course he has no idea about this. Or if he has he will never talk about it. Old school Matrix politician that had zero chance against Trump and will stand zero chance against another well prepared team.

Anybody slightly out of the Matrix will destroy this guy. DeSantis like other politicians need to evolve.

Fiat money is the last slavery tool.

We're heading to a much freer world.

#bitcoin

Lightning farts is a bond brothers must share.

On another note, that's a pretty incredible toaster. Defrost, etc, etc. Dual regulator if you'd like to simultaneously toast two different preferences, allowing all needs to be met simultaneously (well toasted vs less toasted), which in practice means less conjugal conflicts in the longer term. :D

Billionaires buying Bitcoin and promoting its integration with the US government is the ultimate signal that the world will be divided.

Buying Bitcoin now is like buying a house in the 70s. But in cyberspace and with much more flexibility, uses, etc.

#bitcoin #politics

Portuguese here. This is absolutely true.

There are pockets of free thinking people though. I know quite some people like this.

The Euro collapse will be the wake up call I think.

Fascinating stuff.

"In 2012, revelations emerged about the manipulation of the London Interbank Offered Rate (LIBOR) by various global banks. This scandal led to a significant shift in regulatory attitudes towards LIBOR, which was deeply embedded in the financial system due to its connection with approximately $300 trillion worth of loans, derivatives, and other financial instruments across multiple currencies.[3] Contributing to the concerns was the noticeable decrease in the volume of transactions underpinning the benchmark. Consequently, UK financial regulators established a deadline of 2021 for financial firms and investors to complete their transition away from the LIBOR.[3]"

The Fiat system never ceases to surprise in the many ways it fails :D

This is precisely depicted and predicted in Hinduism, the oldest philosophy on earth. 6000 years of human history/philoosphy, carefully stored, analyzed, tested.

The biggest problem with humanity is when it becomes immoral or amoral. They call it either we're dharma (on the path) or adharma (off the path).

https://en.wikipedia.org/wiki/Adharma

We're clearly adharmic currently.

This was a response to your other bond post by the way, not this stock one.

I love your content, love macro economics, especially through a European perspective! These last months I really dove deep into the whole thing and now I have a much better picture of what is and what might happen. Thanks for posting and being here! You talk about really important stuff and we need more people like that in Europe! thanks again :)