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Do you teach bitcoin to your children? Low time preference ftw

The social layer of bitcoin might be the most important one

He should use this to make people understand. nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m use it. It’s the most efficient way nostr:note1kpnknfcf4am952hezn4ke8m6e7ex7amahzn5hn6qczmgzjfgr8fss92g7g

Replying to

Bitcoin Archive

Hey plebs - where is everybody?

I thought Threads was a ghost town but at least I get 40-80 likes when I post over there and I only have 7k followers over there.

Many people asked me to post over here but it just doesn’t look like anybody is engaged here.

edouard 2y ago

Post here we like you ❤️

edouard 2y ago

Gm frens, stay humble & stack sats, when it goes up, when it goes down, when it goes sideways 🤓

Replying to

Stacy Herbert

Hi. Freezing in South Carolina.

#introductions

edouard 2y ago

Welcome, happy to see you here!

Replying to

edouard

1) Nietzsche

2) Balzac

3) Tolstoy

4) Fitzgerald

5) Stendhal

edouard 2y ago

1 German. 1 American, 1 Russian, TWO French - seems about right

Replying to

Propaganda Daily

What’s your top 3-5 authors ? #bookstr

1 Aleksandr Solzhenitsyn

2 Fyodor Dostoevsky

3 George Orwell

4 Ernest Hemingway

5 not sure on this one John Milton / cs Lewis

edouard 2y ago

1) Nietzsche

2) Balzac

3) Tolstoy

4) Fitzgerald

5) Stendhal

edouard 2y ago

People in the western world don’t get bitcoin because they don’t understand how much money is debased : ask them how many dollars there is today versus 1960, after telling them there is double the numbers of Americans. Then tell them the truth, 100 times more. Then they have the first seed to understand

Replying to

Platinum Bear

Yeah, I have heard a lot about the in-kind and cash? What exactly is the difference? What is the mechanical difference?

edouard 2y ago

I guess in kind means the market maker of the etf (the ones that post bid and offers continuously during the day and have the right to redeem shared of the funds at eod) receive bitcoin when they redeem. While in cash would mean they would receive cash based on a bitcoin price (i don’t know what they would use as ref, risk of manipulation). In kind is the obvious reasonable thing

Replying to

edouard

My view and so also what i want to see addressed

Israel’s various governments have been good at never explicitly saying they want everything “from the river to the sea” but acting to get it. So overall Palestinians are getting robbed of “their land”

At the same time, on a map, even “from the river to the sea” big israel is tiny and surrounded by muslims countries, and muslim countries whose jews and christians (numerous before) have massively fled

+ Palestine was never a country nor was there a very specific Palestinian culture or history (even though there is now, that is what violence does, what nakba does)

So one can’t help to wonder if everything would not be better and simpler if Israel got the west bank (i am not even sure they want gaza) Gaza probably is part of Egypt, west bank palestinians relocate to Jordan, Egypt, Qatar, Saudi Arabia etc and it is settled. It sounds like promoting ethnic cleansing and so it is really bad etc but practically it would be better for everyone even if unfair in many ways

edouard 2y ago

No delete possible but would add: obv it would be better to have 2 states or, to have the west bank be part of Jordan - but i don’t think thid will happen realistically any time soon

Replying to

Sherry

im so panic now

Should I sell some of my #bitcoin ?

I’m a bitcoin pleb and need more people tell me why should I hold

edouard 2y ago

It’s a pump for ants!

Bitcoin will be > 1 mio in 10/15 years

It’s a revolution not a trade

Lower your time preference and you will be rewarded

You will never sell, you sell fiat, you accumulate, and you spend little now, more later (not sell, spend!)

❤️❤️❤️❤️❤️❤️❤️🐣

Hodl tight, stay humble and stack sats !

Replying to

Lyn Alden

I am getting close to giving a more detailed assessment on Israel/Hamas, as it drags on.

And it will probably be Nostr-only since other platforms can’t handle it. It is too polarized. Everyone is tunnel-visioned.

My husband is currently in Cairo dealing with some property work we are doing for our extended family. They are only 250 miles from the problem, and Egypt’s acute currency crisis brings it closer to home if military or refugee shit hits the fan. Most of my extended family is geopolitically or financially close to the Israel/Gaza issue and is Muslim. I am thus both close and far from the issue. And I grew up in the US in a diverse region with Jewish and Muslim peers, but more-so Jewish overall.

Suffice to say, I don’t want civilians on either side to suffer or die. I am pro-humanity first and foremost.

Before I give my eventual analysis, I am happy to see Nostr comments on the issue. What are your thoughts and questions on the topic? What would you like to see addressed from a diverse or as non-biased source as possible?

edouard 2y ago

My view and so also what i want to see addressed

Israel’s various governments have been good at never explicitly saying they want everything “from the river to the sea” but acting to get it. So overall Palestinians are getting robbed of “their land”

At the same time, on a map, even “from the river to the sea” big israel is tiny and surrounded by muslims countries, and muslim countries whose jews and christians (numerous before) have massively fled

+ Palestine was never a country nor was there a very specific Palestinian culture or history (even though there is now, that is what violence does, what nakba does)

So one can’t help to wonder if everything would not be better and simpler if Israel got the west bank (i am not even sure they want gaza) Gaza probably is part of Egypt, west bank palestinians relocate to Jordan, Egypt, Qatar, Saudi Arabia etc and it is settled. It sounds like promoting ethnic cleansing and so it is really bad etc but practically it would be better for everyone even if unfair in many ways

edouard 2y ago

Need nostr:note19fl68dtws4vsd2zppluecnr747xqqy8gurvshkfjhz4aufaj62xqxx88sa

edouard 2y ago

Can someone explain to me what is the equivalent in proof of stake of the link between block achieved through the chain of hashes (the winner hash will start with a number of zero having taken as inputs the previous hash + valid transactions) making it costly and difficult to rewrite history and the more in the past the more difficult

Is there anything similar in proof of stake? If not why would those even be called “blockchains”?

Many thanks this is a genuine question!

Replying to

Mike Brock

It's a major a fallacy that the poor tend to stay poor. We have longitudinal data on income mobility we can look at to see if this is really true. And it's not.

Based on long-term income mobility data, we can see that about 80% of the people who were poor in 2010, are no longer poor today. About 20% of them have moved into the top two quintiles for income.

So the argument that there's an intractable poverty trap that's been created by fiat currency just isn't true.

edouard 2y ago

Not saying the poor stay poor. Saying fiat is bad for them as

- they have no access to investments and keep the little they have in cash

- they have no access to credit

Then a lot of them get out of poverty through wages cause obv there is a generational and immigration aspect to it

But let’s say that for the bottom 80 pct of pop in terms of wealth fiat is bad, as it makes it more difficult for them to save and incentivizes to consume

Replying to

edouard

Bitcoin versus top 10 coins (incl bitcoin) equalweight rebalanced quarterly

edouard 2y ago

Bitcoin in blue, index in white, index is calculated by s&p. Please share people should understand that altcoin is just a way to rekt them

edouard 2y ago

Bitcoin versus top 10 coins (incl bitcoin) equalweight rebalanced quarterly

edouard 2y ago

Bitcoin versus top 10 coins (incl bitcoin) equalweight rebalanced quarterly

Replying to

Mike Brock

One of the biggest fallacies I see when talking about inflation in terms of savings debasement, and in particular, focusing on how it disproportionately hurts the lowest percentiles of income earners, is the fact that the lowest percentiles have no savings. That's what being poor is. If they had excess income, they'd have savings and assets. But they don't. And the poor never have! So the only meaningful way to judge if the poor are being disproportionately affected by inflation, is to compare their income across time, to prices across time.

When we look at income data from the past few years, it actually turns out, that the poorest Americans saw their incomes grow by over 20% since the pandemic.

The massive rise in wages for low-skilled workers was actually one of the major self-reinforcing drivers of inflation.

edouard 2y ago

They have no savings and no incentive to save as it would be a huge effort as they are making little money and have no available savings instrument simple and not dilutable

They have little ability to have access to credit as well which is also a huge disadvantage in a world where money is created this way