What does this even mean…? This is part of the reason why many users may not consider nostr or other such technologies. It’s too technical and they don’t have a need for it. Many don’t value this aspect of nostr and bitcoin.

Folks will begin to value nostr and bitcoin and other similar technologies that better position the individual to be more self sovereign when they have a need to…however that need may present itself.

“Capital accumulation not only requires the sacrifice of the present for the future, but it also requires the sacrifice of the certain for the uncertain. The capitalist is constantly speculating that her investment will yield a positive return in the future, but she could always be wrong. In order to become a capitalist, one needs to first produce something of value for which others can pay him. He then needs to abstain from using that payment to satisfy his own needs, and instead deploy it into a business whose goal is to serve others, by producing outputs, which they subjectively value higher than the market price of the inputs into the production process. At any point in time, failure to provide customers with this value will result in a collapse in revenue and profitability, inevitably leading to bankruptcy and the loss of capital. The causes of such failure are endless: laziness, disinterest, bad luck, better competitors, but the outcome is always the same: the loss of capital. These are the reasons why capital ownership is so valuable and productive and why workers continue to choose to work for capital owners.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

What is the point of impersonating these accounts?

Thank you for the #zap

This was a test. Checking to see how the invoice appears as a post.

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“Modern schools of economics do not teach the reality of economics as the study of human action, which results in their adherents being incapable of understanding the hard work, sacrifice, and risk needed for anyone to become a capital owner. This inability to understand cause and effect leads to imagining capital as some sort of heavenly privilege bestowed upon a particular race of people. You either belong to that race or you do not. There is little appreciation or understanding of the actions necessary to accumulate capital and hold on to it successfully, and as a result, many people waste their time, and the fruit of their labor, complaining bitterly about capital, rather than working to acquire it and raise their productivity and living standards. This economic ignorance is the wind in the sails of demagogue politicians who exploit it to achieve power and use it to expropriate capital owners.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

Have my email address. They can’t have my sats.

Yup!

I’ve seen many quote that scripture. In context it speaks to the gift the sabbath is to humanity.

Out of context it becomes something very different.

Exodus 20:8-11 states-

“Remember the Sabbath day by keeping it holy. Six days you shall labor and do all your work, but the seventh day is a sabbath to the LORD your God. On it you shall not do any work, neither you, nor your son or daughter, nor your male or female servant, nor your animals, nor any foreigner residing in your towns. For in six days the LORD made the heavens and the earth, the sea, and all that is in them, but he rested on the seventh day. Therefore the LORD blessed the Sabbath day and made it holy.”

YES SIR!! I’ve just about finished reading all of nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak ‘s books. I’m finishing up Prociples Of Economics now. I started sharing these quotes because I became convinced that even some Bitcoiners have not made an effort to study economics. The bitcoin standard, the fiat standard and principles of economics really have helped me understand human behaviors.

The last book that I’ve read recently is by Thomas Sowell. Basic Economics A common sense guide to the economy 5th edition. This book will give the reader a clear insight into why society and politics/legislation looks the way it does. It’s really scary what our elected officials are doing. Many of them I’d bet have no sense of how economics works. They all should take a class in economics as a prerequisite to proposing legislation.

https://a.co/3oC1RcO

If this is the case, I’d agree. However since I understand Capitalism I understand his move. There is a market…with willing market participants. The end.

Folks like Kiyosaki know it’s bitcoin only. He also understands that there is a market out there for Doo Doo coins. So I believe he’s leveraging his platform to make more profits.

Kiyosaki understands bitcoin very well. This seems to be a scam his team has come up with.

“The opportunity cost of capital is always forgone consumption.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

“It is common to hear capital and its owners mentioned disparagingly in mainstream media, academia, and other fountains of economic illiteracy. Capital is presented as if it is a means of exploiting labor, and its owners the beneficiaries of an unfair advantage over the rest of society. Rarely does one hear the true costs required for capital ownership and the responsibility it implies. To be a capital owner, you first have to earn it. Then you have to abstain from consuming it by saving it. Then you have to deploy it in the market well enough to earn a return sufficient to maintain it.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

“Every process that lengthens production is only possible because of the sacrifice and delayed gratification made by capitalists. This seemingly obvious point is worth reemphasizing because a sizable portion of the world’s economic problems have come from cranks laboring under the delusion that they have found an exception to this necessity.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

“Every process that lengthens production is only possible because of the sacrifice and delayed gratification made by capitalists. This seemingly obvious point is worth reemphasizing because a sizable portion of the world’s economic problems have come from cranks laboring under the delusion that they have found an exception to this necessity.”

Principles Of Economics by @saifedean

“August saw a somewhat flat market, with coins like Ethereum and Bitcoin having a slow month, but other cryptocurrencies like Maker and Ripple surprised everyone and really skyrocketed.

Crypto disruptors landed on the scene – FedNow is a new instant payment platform direct from the Federal Reserve. FedNow may challenge the likes of BTC and ECH.

There’s also WorldCoin, which aims to be a payment network, ID system and universal basic income platform all in one.”

I used to respect this man for his perspectives on money and markets. After seeing this in my email inbox I can no longer value anything he has to say.

https://nostrcheck.me/media/public/nostrcheck.me_4356890100429613301694876956.webp