So Amped up
I don’t know how people don’t see what is going on
Let us know if you see/ hear Ross on Nostr- so we can hit ‘em wit some zaps 🙌
Powerful article - I am so
sorry to hear about your loss
I’m a second generation of this same tragedy, I only found out it happened to my dad in my twenties, I never knew my grandfather, I have since analyzed my dad through this lens. How this affected him as a 19year old. My heart breaks for him when I am forced to think about it.
But i witnessed someone searching.
A combination of burying it deep down and Serving his community, finding brotherhood in his local groups (firemen, masons , etc). I think this is him finding his purpose.
He is of the generation who is a bit distant with their kids, yet always pleasant , just not as engaged as fathers today. But he is always there when I need him. Just will never speak of it- so it leaves me to study him and try to understand on my own not knowing how I can help in anyway.
Now that I’m older, I just try to keep him happy, acknowledge what he has accomplished and see past childhood distance and caulk it up to all he has been through.
I just share this to say that as you absorb this, know u r not alone. Also how u choose to handle this is important. For yourself and those around u. I know it took a lot to share this news and I hope the sincerity and humility comes through as that is what I am trying to convey to try and help.
However hard it was, thank you for sharing. This community is more than NGU and if we can only be there for each other in good times and not bad- what kind of community do we have?
Keep writing, keep sharing, I’m sure the article spoke to more people than you know.
Sincerely
Mike
Thanks for the years of education, inspiration, and providing exposure to the various people who make up the under layers that support or have sprung from bitcoin.
I appreciate how you deliver the information and interview the guests in a genuine and enthusiastic way.
I wish you all the best, was disappointed to hear the show was ending but happy to see there is a 2nd chapter.
Good luck and will keep an eye out for what’s next. Cheers!
Good Morning all
Asked ChatGPT: Who was Hugo Stinnes and how did he get rich during Weimar Germany's hyperinflation and how is Michael Saylor repeating the strategy with his company Microstrategy?
Hugo Stinnes was a German industrialist and entrepreneur who played a significant role in the economic and political landscape of Weimar Germany during the early 20th century. Born in 1870, Stinnes inherited a family business but expanded and diversified it significantly. He became known as the "Inflation King" due to his ability to amass wealth during the hyperinflation period in Germany after World War I.
During the hyperinflation in Weimar Germany (1921-1923), the German Mark experienced rapid devaluation, leading to economic chaos. Stinnes used this situation to his advantage by leveraging large amounts of loans to acquire assets, companies, and raw materials. His strategy involved borrowing massive sums of money, often using the depreciating German Marks as collateral. As hyperinflation continued, the real value of his debts decreased, allowing him to repay loans with almost worthless currency while holding onto valuable assets.
Stinnes invested in various industries, including coal, steel, and transportation, and became one of the wealthiest individuals in Germany during that time. However, his success was not without controversy, and his business practices faced criticism for taking advantage of the economic turmoil in the country.
The comparison with Michael Saylor and MicroStrategy involves a different economic environment and technological context. Michael Saylor, the CEO of MicroStrategy, has gained attention for his strategic move into Bitcoin as a store of value for the company's treasury. Saylor has been vocal about his belief in Bitcoin as a hedge against inflation and a long-term store of value.
Instead of exploiting hyperinflation, Saylor's strategy involves converting MicroStrategy's cash reserves into Bitcoin as a way to preserve and potentially increase the value of the company's assets. This move is based on the belief that Bitcoin, with its limited supply and decentralized nature, can serve as a digital gold and a hedge against the devaluation of fiat currencies.
While the economic contexts and strategies differ, both Hugo Stinnes and Michael Saylor are notable for their unconventional approaches to wealth accumulation during times of economic uncertainty. It's essential to consider the risks and potential consequences associated with such strategies.
Asked Cgpt: If http is the base layer of how we share information on the internet...please compare to bitcoin and how it is the base layer of how we share value over the internet:...
Yes, it's accurate to say that HTTP (Hypertext Transfer Protocol) serves as a foundational layer for sharing information on the internet. Similarly, Bitcoin plays a foundational role as a base layer for sharing value over the internet, but in a different context. Let's compare these two aspects:
1. **HTTP as the Base Layer for Information Sharing:**
- **Role:** HTTP is the protocol that enables the transfer of various types of information, including text, images, videos, and other multimedia content, between a client (such as a web browser) and a server.
- **Functionality:** HTTP facilitates the retrieval and display of web pages, making it the backbone of the World Wide Web. It defines how information is requested, sent, and received, allowing users to access and interact with content on the internet.
- **Decentralization:** While the content itself may be decentralized across various servers, the protocol itself operates in a client-server model, with the server responding to requests from clients.
2. **Bitcoin as the Base Layer for Value Sharing:**
- **Role:** Bitcoin operates as a decentralized digital currency, allowing users to transfer value directly over the internet without the need for intermediaries like banks.
- **Functionality:** Bitcoin uses blockchain technology to record and verify transactions in a secure, transparent, and decentralized manner. It serves as a global, open, and permissionless ledger for financial transactions.
- **Decentralization:** Bitcoin's network is decentralized, maintained by a distributed network of nodes worldwide. This decentralization reduces the risk of a single point of failure and censorship.
3. **Statelessness and Security:**
- **HTTP:** HTTP is stateless, and the lack of built-in security features can make it vulnerable to various attacks, especially if data is transmitted in plain text.
- **Bitcoin:** Bitcoin addresses some of the security concerns by using cryptographic techniques to secure transactions. The decentralized nature of the blockchain adds a layer of security, making it resistant to censorship and fraud.
4. **Evolution and Adaptation:**
- **HTTP:** Over time, HTTP has evolved, and its secure version, HTTPS, with encryption, has become more prevalent to address security concerns.
- **Bitcoin:** Bitcoin has seen continuous development and adaptation. While it started primarily as a digital currency, its underlying technology, blockchain, has inspired various applications beyond currency, including smart contracts and decentralized finance (DeFi).
In summary, both HTTP and Bitcoin serve as foundational layers for different aspects of online interactions. HTTP facilitates the exchange of information on the web, while Bitcoin establishes a decentralized and secure means of transferring value. While HTTP is a protocol for communication, Bitcoin represents a new paradigm in decentralized finance and the transfer of value over the internet.