🚨 YO! 🚨
you can now DCA from your bank account with Strike!
when creating a recurring purchase, you can now select your bank as your payment method
we’ll then complete the scheduled purchase using your linked payment method forever and ever and ever and ever 🚀
stack em 🫡
https://nostr.build/av/393c8eef89d692b875af1946dfc22565b42d4ef91fa02a50f58b03d852ee03ee.mp4
nostr:note1s0dyz2uty7y63jm7hsl3jg2yut2xnn6d7yc2n60344shnnsk4dfq0pj3r5 game changing!! True auto stacking!! ⚡️✊🏽
“Without the feedback mechanism of profit and loss, any bureaucracy is deaf, dumb, and blind.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by @saifedean Ammous
“What passes for humanities in the modern university has degenerated into an endless sea of angry grievances and rabid victimology, consisting almost entirely of politically correct platitudes and zero substance. The end result is heaps of graduates with zero marketable skills but a strong talent for finding ways to take offense at everything.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Ammous
https://a.co/4E4YKNo Saif, I respect you a lot for making this point. I never could have imagined the levels of influence fiat money has on so many aspects of society. I felt there was something “not right” about where society is going, but now I have insight into the role fiat money plays on all of humanity. I really appreciate this new found perspective brought on by your scholarship. Thank you.
“Entire books could be written about the degeneration of humanities education in the modern university, but for our purposes, we will simply invoke one highly illustrative story. A physicist by the name of Alan Sokal had long suspected that most humanities’ scholarship was nonsense, so he chose to test this theory himself by submitting a paper of incomprehensible gibberish for publication at a leading journal of critical studies. 60 The paper was accepted for publication. These are the same journals in which publication is necessary for academics to keep their jobs and advance in their career. By publishing deliberately fashionable gibberish, Sokal showed us the true nature of fiat academia: nonsense devoid of meaning, churned out by the bucketload to tick bureaucrats’ boxes.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by @npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“What passes for humanities in the modern university has degenerated into an endless sea of angry grievances and rabid victimology, consisting almost entirely of politically correct platitudes and zero substance. The end result is heaps of graduates with zero marketable skills but a strong talent for finding ways to take offense at everything.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Ammous
https://a.co/4E4YKNo Saif, I respect you a lot for making this point. I never could have imagined the levels of influence fiat money has on so many aspects of society. I felt there was something “not right” about where society is going, but now I have insight into the role fiat money plays on all of humanity. I really appreciate this new found perspective brought on by your scholarship. Thank you.
“After a century, it is fair to say fiat has successfully destroyed the modern university as a center of learning and research, transforming a once noble institution into a make-work welfare program for nerds, a highly overpriced credential mill, an inescapable debt trap, a country club experience, a political indoctrination camp, and a corporate advertising agency. He who pays the piper calls the tune, and as students are not the main source of income for universities, they are increasingly turning into the product universities offer to their various governmental and private sponsors, rather than the consumers.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Ammous #SaidedeanAmmous
“As funding for education becomes centralized, flowing from the government’s money printer rather than the children’s parents, the providers of education have more of an incentive to appease their funders rather than their beneficiaries. As funding education becomes a matter of policy, the process inevitably becomes politicized, providing incentives for the providers of the service to toe the political line that the fiat funders prefer, relegating the interests of the children to an afterthought.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by #SaifedeanAmmous
“Money as a technology is heavily intertwined with our time preference, i.e., the degree to which we discount the future.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by #SaifedeanAmmous
Do you zap and replace? (Buy some sats to replace the ones you gave away) If so, why? If not, why not?
“Without fractional reserve banking and the fiat that protects it, capital and labor would flow to the highest bidder, and that will always tend to be the entrepreneur who uses capital and labor most productively. This would encourage people to save, as free-market forces work to efficiently allocate resources according to the most productive and valuable endeavors.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by #SaifedeanAmmous
“There can be no such thing as a shortage of money or a shortage of credit. Whatever supply of money an economy is using is always sufficient to supply all the needs of the economy, provided the money itself is divisible enough. The demand for money is always higher than the supply, because people desire more things than they produce and because desiring is far easier than producing. In the fiat standard, it appears that these desires can be satisfied with more money, but the creation of money to meet these desires does nothing to produce the objects of desire. The sought-after good can only be created by dedicating scarce resources to its production.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by #SaifedeanAmmous
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Plebstr is in the iOS App Store. No need for TestFlight anymore.
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“An economist who has seen the havoc and destruction fiat money has wrought upon the world might be tempted to focus purely on the fiat system’s many drawbacks and predictable problems. But in writing this book, I chose instead to think long about the technological advantages that fiat entails. I admit to having acquired an appreciation for the technological improvement the use of fiat money allowed. Rather than a nefarious conspiracy to impoverish the majority to benefit the few, there was an undeniable economic and technological rationale for fiat money, given the technological possibilities of the world in the early twentieth century.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by #SaifedeanAmmous
“Your future uncertainty is higher than what it would be if you could place your wealth in a hard money, and that causes a rise in time preference. Everyone is less peaceful and more insecure.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by #SaifedeanAmmous
“The correct and successful financial strategy under the fiat standard is to constantly take on as much debt as possible, be meticulous about making all payments on time, and use the debt to buy hard assets that generate future returns. Doing this successively improves your credit score and allows you to borrow at lower rates, while you store your wealth in goods that cannot be inflated as easily as fiat.”
— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by #SaifedeanAmmous