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Apatight⚡️
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⚡️ I’m here for it | bitcoin | lightning | nostr Esse Quam Videri FREEDOM IS THE ALL TIME HIGH

I tried to start a nest to stream my buddy and I playing guitar.

Replying to Avatar Gigi

GM

GM and have a pleasant one. ☕️🤙

Made a new friend!! Orange pilled someone already upset about the falling purchase power of the USD. Let’s show him the way!!

Replying to Avatar techfeudalist

It’s not clear what system you’re referring to. I’m not aware of any savings and loans industry operating for thousands of years under a pure hard money system.

If you’re looking for historical analogues, consider that under a gold standard, the Muslim world outlawed the payment of interest.

https://www.investopedia.com/articles/07/islamic_investing.asp

Also consider that the payment of interest mathematically requires an elastic monetary supply to function. If there are only 21 million bitcoin, how can x% more be repaid? You can’t go to a bank and borrow new units into existence. Theoretically you would have to purchase those units from holders at unknown cost, making it impossible to know the real cost of your loan from the outset.

Thank you for that. That is the point I was failing to make. Beautifully put.

That's a great way to phrase the question, maybe a tad oversimplified. Loan sharking fits that description. When interest is introduced no matter the reason, it distorts price under the false sense of being compensated for risk. Would charging fees to expedite consumption need to take place if the prices weren't distorted by introducing fees?

Replying to Avatar Lyn Alden

So nostr:npub1wv79gfl4tn46qxs0vcr6kr73rqethvna0kchk4cw06mmdzsgrkdqmkxye0 sent me some of her team shirts last week. They look epic.

Not enough people appreciate that Cris Cyborg is on Nostr. One of the most accomplished female MMA fighters in history is on this decentralized communication protocol. So cool. English isn’t even her first language but she likes decentralization. Anyone into MMA should show her posts some love.

🤙

We need a global, sovereign, modern, Declaration of Independence.