“Political movements like Occupy Wall Street made headlines during the 2008 financial crisis. Fifteen years later, we know that it went nowhere. On the other hand, Bitcoin is healthier than ever as both a movement and a technological solution. Bitcoin is not just a theory in the heads of academics and activists. It can be used 24/7 by anyone around the globe, no matter if you have access to a bank account, live in an authoritarian country experiencing hyperinflation or just want to store wealth for the long term.”
Bitcoiners “are looking for ways to place a contrarian financial bet and exit the financial system altogether.”
“The question is not whether our money will be devalued, but only how quickly.”
“…politicians and central bankers worldwide are stuck between a rock and a hard place. They face a tricky balancing act between raising interest rates to tame inflation and maintaining liquidity in the banking system.”
“Violation Tracker Industry Summary Page
Industry: financial services
Penalty Total since 2000: $347,416,567,662
Number of Records: 7,172”
https://violationtracker.goodjobsfirst.org/industry/financial%20services
“What makes for a successful economy? While the question has long been the subject of deep academic study, we have an admittedly simplistic view: its energy and banking industries. History and observation teach us ready access to cheap, abundant energy and a vibrant, properly incentivized banking sector are an infallible combination.”
https://doomberg.substack.com/p/regional-fallout?publication_id=343139&isFreemail=true
“Despite the best efforts of its coastal elites, the US has not yet committed national energy suicide like the Germans. Quite the opposite. With a bounty of fossil fuels and the technological prowess to develop them, the US has reclaimed the title of preeminent global energy superpower.”
“What makes for a successful economy? While the question has long been the subject of deep academic study, we have an admittedly simplistic view: its energy and banking industries. History and observation teach us ready access to cheap, abundant energy and a vibrant, properly incentivized banking sector are an infallible combination.”
https://doomberg.substack.com/p/regional-fallout?publication_id=343139&isFreemail=true
“…the least broken money, affording the strongest property rights creates the greatest abundance within human societies.”
https://simplybitcoin.substack.com/p/money-and-power-a-fresh-perspective
Hive mind of hope > echo chamber of despair
“Broad money (M3) includes currency, deposits with an agreed maturity of up to two years, deposits redeemable at notice of up to three months and repurchase agreements, money market fund shares/units and debt securities up to two years.”
“Who says it’s stealing power from the grid? False. This biogas plant wants to sell power to the grid. It’s there and ready. But, essentially, the business cannot come to an agreement with the toll collectors on the toll. So, he’s selling to the miners instead. This is another form of stranded energy. And we’re getting that energy for a 35% to 40% discount on what the grid will sell to us. We made that deal to mine with their energy in under a week.”
“One of PeerPower’s clients runs a biogas factory out there which uses the waste from tapioca plants, puts it in a plastic-lined pit and harvests the methane coming off the decomposing plants. That methane gets cleaned and piped into a generator that runs miners. In total, the plant produces 4.5 megawatts. And that’s constant for 10 months out of the year.”
“As an aside, generally speaking, the businesses here in Thailand that are interested in Lightning are hybrid businesses. The proprietors are often from somewhere other than Thailand and married a Thai, so there is a need for this uncensorable money. Because those foreigners, in that cultural setup, become second-class citizens when push comes to shove. I don’t know if you ever picked up on that. So, naturally they are attracted to a form of money that allows them to hold their own private keys, so to speak — one that the government or anyone else cannot debase or control.”
“In NostrMarkets, customers can subscribe to a merchant's public key to fetch products from relays instead of accessing a merchant’s site via a webshop. This increases the censorship resistance of online shops, as merchants are not dependent on seizable websites — rather, a merchant’s shop is hosted with all relays the shop sets up to communicate with. Even if the merchant's server were to be seized, its shop could easily be set up at a different location, as all products are stored with relays on the Nostr network. NostrMarkets handles order and payment coordination via encrypted Nostr direct messages, while payments are facilitated through the Lightning Network.”