“As is often the case, we are navigating by the stars under cloudy skies,” he added.
🤡
“It's the confidence of holding your financial destiny in your hands, of not being at the mercy of banks or inflation by government decree, that turns people into Bitcoin advocates and drives sustainable adoption.”
“The legal and technical mechanisms used by the fiat system to relieve people of the responsibility to custody their own assets can also be repurposed to prevent them from accessing their money.”
“…adoption will be more sustainable if people understand why Bitcoin is important, not just why it’s convenient.”
That’s a great point. Money should serve, not enslave.
Unlikely imo. This is a geo-political move against “the West”. Each government still wants to shackle its own citizens and maintain/enforce demand for their own currencies. Embracing #Bitcoin would undermine this.
“But the money printing game is getting out of hand. The zero sum game, is shifting into a negative sum game, as the debt burdens are beginning to outpace our technologic innovation. Life expectancy is now beginning to fall in the United States, in the land of the regulated, in the home of the corrupted.”
https://simplybitcoin.substack.com/p/accept-your-sovereignty
“…central banks use the exact deflation they themselves create to argue all deflation is bad. So they poison us, then they hold up the poison as the reason to keep poisoning us.”
“Preparing for an ETF of the size of blackrock and stacking without moving the market is a pretty hard task to pull off”
“The reality of the situation is the Fed needs to raise its inflation target because the credit system demands it. The only way out is default via debasement. Consumers be damned.”
nostr:note1x3h3twlz6tgpcvlvfhuz82uuw46y7l49z8vvj0e2q7wsp2mr24asw2s59h
“States are competitors to the parallel financial system.”
“So for me, volatility is not only not a problem, it prepares me for reality.”
I think that if nostr goes mainstream and competition between nostr clients heats up we may see:
1. nostr apps come pre-loaded with sats (funded by sponsors, advertisers, venture capital)
2. users will also stack sats for using the app (as an incentive to stick with the app) which they can also use to zap or stream sats to content providers
Career advice for young system programmers - https://glaubercosta-11125.medium.com/career-advice-for-young-system-programmers-c7443f2d3edf
“Companies have a hard time finding great talent. And being a good match for a company goes beyond your coding ability. Are you aligned with the vision? Do you understand what we’re trying to do? Because of that, hiring someone is always a risk, even if a person excels in a technical interview…”
“The gap between our deepest explanation of monetary economics and most people's views on the subject is vast.”
Alan Greenspan:
“I understand the history of money. When I get some, it's soon history.”
“It’s no longer possible to clearly define money, with ever expanding financial instruments.”
🧐
“As the Germans learned during the Weimar Republic, markets may conclude that the central bank emperor has no clothes.
The US is not there yet. And there are no good alternatives to the dollar and US treasuries. For investors, the message pro tem is that bonds, while unsafe and very risky, offer a substantial yield uptick relative to central banks’ inflation targets of around 2 per cent. The financial world is nothing if not paradoxical.”
https://archive.ph/2023.08.11-191223/https://www.ft.com/content/91f39150-9abe-4257-8d52-17520d35e534
“…we ought to at least be suspicious of non-Bitcoiny ways of measuring value lest the model begin to reflexively feed on itself in ways that, while not impossible to mathematically capture, are probably really hard… Thankfully, this is not a concern in this case because we have chosen an extremely robust measure of consistent purchasing power: the US Dollar.”
🤣
https://allenfarrington.medium.com/modeling-bitcoin-value-with-vibes-99eca0997c5f