Luke got a whole bunch of Devs doxxed.

SCIENCE FICTION MADE REAL.

Bukele simps how’s construction of Bitcoin City going ? 😁

I believe they could also suppress the price of Bitcoin if they get enough leverage & using their delay to final transaction.

Giving Homeworld Mobile a try. Was a big fan of the first one!

I like nostr but it's full of idiots

I’ve got FOMO for all the birds over in Japan right now.

Looks awesome.

Gm

Prompt: a flying superhero catching a child that is falling from a cliff. photorealistic. realism. 4 k wideshot. cinematic. unreal engine. artgerm.

#zapathon #bitcoin #nostr #plebchain #grownostr #zap #art #memes #pleb #PlebAI

Under 200WMA now

What is up with everything raw? fire adds nutrition

"i write you here cause i got suspended for 6 days on Twitter and i can`t reply to your DM"

And you keep using it?

Some got their account terminated more than 10 times and still play that stupid game, I don't get it.

Free Speech matters. Self respect too.

I hope both of you start using Nostr regularly and exclusively, like many of us here. Twatter doesn't deserve your content.

🖕🐦

#[4] : great work on the newsletter 👍

Today i’m a foodie. Y’all ever had sunflower peanut butter? Fakkkk sooo good w/ honey. 🤤

At this moment in time, nothing could be more important than understanding the process of monetary restandardization.

A rare but completely normal market process that is in the process of igniting our entire financial system into a new order.

In every economy, there is at least one commodity or security with an inelastic volume that becomes OVERVALUED as a result of reservation demand. This scarce resource is referred to as money.

When it happens this commodity is MONETISED.

Gold has historically been the most popular choice for saving but it's not the only option. Before the 19th century, there were different gold and silver standards around the planet and yes fiat too.

Monetary standards change, and it's important to understand why and when. Today of course, we are on a fiat standard.

This is where things get confusing.

Fiat currency is money, but it can also be thought of as sovereign equity. Which is to say, holding USD can be seen as holding a share in the US government. Likewise true for any other fiat.

Although these shares don't grant corporate control or pay dividends like traditional stocks, they still have value based on the government's ability to manage its economy, provide public goods and services, and maintain political stability.

The critical point to understand is that the dollar isn’t simply equity, it's MONETISED equity and for this reason it’s market value is much higher than its ‘intrinsic value’

Since the USD is sovereign equity and the government can create more of it as needed, the government cannot default on its obligations denominated in USD.

Furthermore, the government can decide none of it's banks will default either. You can always issue more equity...

The fact that the government literally CANNOT DEFAULT is extremely important and has been misunderstood by many. The MMT crowd in particular have butchered their understanding of this very important concept.

When the government issues more debt it's not really debt - it's equity. MMT crowd get this point. The government can easily issue more equity at any point in time.

But does this really grant the US a license to issue unlimited amounts of equity with no consequences? NO

Remember the original point.

USD’s value is higher than its intrinsic value because it is a monetised good which can be demonetised!

This is happening, gradually, gradually and now very suddenly.

What happens when the USD loses its monetisation and we experience a restandardization event?

Something has to take its place. What could it be?

Enter #Bitcoin

If you buy something from your btc, is it a taxable event? 🤔