Would make for a good nostr nest convo test.
Let’s talk about this and more live…
If sin is defined as separation from god, what choice did you have? If god made you and your nature is to sin, is it your failing or hers? There is no way a male god would be as imperfect as this.
Why? 5 hours? That seems like a lot of superflouism. Yes, I verbed the noun.
Jack, you’ve built on and proliferated lightning. I’ve followed your progress as you’ve built Strike. What can be done to rebel with the knowledge that KYC doesn’t work? It only seeks to provide a central repository of pii, that if compromised, damages people’s lives, yet the company goes on. Banks knowingly launder money every day. KYC/AML uses legalese to create a monopoly on the movement of value throughout the world. What options do you have to build the product you WANT to build “global no kyc” vs the one you have permission to build?
I would love to discuss this with you on a podcast. You seem to be so logical in some areas but skip it in other areas like this. I wonder if you discovered Christianity later in life or you were born into it.
In a pure fiat monetary system, a bond is issued by the treasury in exchange for fiat from the fed. If this is the only way money is created, then interest charged on this money can never be repaid with fiat, because the fiat money to pay the interest wasn’t created along with it. Make sense? It’s a trick to extract a forever cash flow at an ever increasing rate, consolidating ownership, necessitating higher prices, which requires more debt. Once introduced to a financial system, there is no stopping it. I view bitcoin as the antidote to this distortion. There is a transition period where lending will happen and fiat money will exist along side bitcoin, but eventually a majority will only want sats and nobody will trade sats for fiat, especially in a cbdc world.
Interest is not rent, especially if you’re talking about a financial system in which there are a finite number of currency units. Interest doesn’t exist as money in the bitcoin system.
Interest doesn’t exist in the fiat system as money either, it simply creates requirements and incentives for theft. Once introduced, it acts like a parasitic virus ultimately destroying the host.
By extension interest, because it doesn’t actually exist is simply theft. Usury is evil.
I distinctly remember a version of Jack Mallers that stated “global no-kyc would be kinda litty, doncha think?” Wtf happened to that guy?
While its true the banks create money, that is also the ONLY way money is created. They never, though, create the money for interest. So where then, does that money to pay interest come from?
Ouch, tell me more.
Only if I can sport a ponytail.
