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Daniel Wigton
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Catholic stay at home father of 6. Interested in spaceflight, decentralized communication, salvation, math, twin primes, and everything else.

I am hoping I have it, because the alternative is a severe case of Delusional ADD Midwit Neurosis.

Dear #nostr,

All I want is all my applications and all my data available across all my devices without a cloud provider.

Thanks,

Daniel

Funny enough, this comes from my own pet passion that I think Catholics should support. Space settlement. We aren't over-populated on earth, but if we were doing our jobs as parents and care-takers of creation we would be. This we should support the only thing that reconciles our injunction to fill the earth and the fact that the earth is finite. If our Lord doesn't return first and we are faithful to his teaching for our families we need to expand into the cosmos.

Bitcoin however, cannot expand into the cosmos. I can't wait 9 years for the block chain to settle my transactions if I am a star over. It won't even work between planets. Either you tolerate long settlement times, make a new chain for every locale, force far-flung places to be on side-chains, or you make something that is trust-based and social graph aware, with time and location data baked in.

I am somewhat hopeful that Bitcoin can morph into that thing, probably by incorporating something like nostr as the trust layer. We probably have plenty of time and Bitcoin is good enough for here and now.

I agree. I am merely answering how the government would acquire BitCoin in the absence of any other value they could provide. The answer is how they always do, armed robbery.

I like Bitcoin, it is the best we have, but the best we have isn't very good. It can't natively handle the transaction volume and fees make reconciling tier 2 technologies, like lightning, back to the main chain difficult.

So yes I, think Catholics should support sound money in general and perhaps support further Bitcoin development, but because it is currently unworkable for people's day to day I wouldn't make it a moral imperative.

Replying to Avatar David Caseria

Catholics Should be Bitcoiners

Catholics face many challenges living the faith together in an increasingly secular age. However, Catholic communities can uphold their faith in the modern world with a simple action: adopt Bitcoin.

Freedom Money

Pope St. John Paul II famously told his American audience, “Freedom consists not in doing what we like, but in having the right to do what we ought.” Bitcoin gained early notoriety for its permissionless nature to enable criminals. However, just because a man can undermine his freedom does not diminish its inalienability. As a man can freely speak so others may come to know the truth, he can also use speech for harm. Similarly, the freedom to transact is necessary to provide for the common good, even if a man can use money for personal destruction. Bitcoin enables the freedom needed for the expression of public morality. As Pope Benedict XVI wrote, "It is good for people to realize that purchasing is always a moral — and not simply economic — act. Hence the consumer has a specific social responsibility, which goes hand-in-hand with the social responsibility of the enterprise." (Caritas in Veritate 66) As a large portion of the population is unbanked because of their social status and governments de-bank political opponents, protecting the freedom to transact is more crucial than ever to maintain the right to support what we ought.

Sound Monetary Policy

Regarding wealth concentration in 1931, Pope Pius XI wrote, “This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money. Hence they regulate the flow, so to speak, of the life-blood whereby the entire economic system lives, and have so firmly in their grasp the soul, as it were, of economic life that no one can breathe against their will.” (Quadragesimo Anno 106) The Federal Reserve, which creates US Dollars by fiat, is the single controller of the world economy because it controls the ‘life-blood’ of the world reserve currency. This arbitrary power undermines a family’s ability to save for the future and rewards cronies of the central bank by the Cantillon effect, cementing an unjust economic order.

Contrary to the Federal Reserve, whose monetary policy is at the whims of politicians, the creator of Bitcoin established an immutable and predictable monetary policy at its inception to issue all 21 million Bitcoins. Although Bitcoin may experience volatility, its sound monetary policy enables families to securely store their resources, safeguard their future, and empower them to contribute to the common good. Before Bitcoin, no one could resist the unjust exercise of power demonstrated by the central bank of the most powerful nation. However, now we can resist and are obligated to do so.

Practical Distributism

G. K. Chesterton once quipped, “Too much capitalism does not mean too many capitalists, but too few capitalists.” After the Industrial Revolution, while affirming the market economy, the Church has always warned against the centralizing forces of unbridled capitalism. It has sought to create a new economic framework: Distributism. “Economic development must remain under man's determination and must not be left to the judgment of a few men or groups possessing too much economic power or of the political community alone or of certain more powerful nations.” (Gaudium et Spes 65) In Bitcoin, monetary policy is decentralized to the point that any changes need unanimous consent, which means it is practically impossible to change. A prosperous nation-state has no more power than an individual running a Bitcoin server. Decentralized money is the first step toward a Distributist future from which distributed economic activity can flow. With further technological advancements, the Bitcoin network will be able to support dense local economic activity and allow a community to organize around the common good while removing the unjust influence of the central bank.

Lastly, Pope St. John Paul II left us invaluable wisdom about the post-World World II attempt to create a just economic order: “In general, such attempts endeavour to preserve free market mechanisms, ensuring, by means of a stable currency and the harmony of social relations, the conditions for steady and healthy economic growth in which people through their own work can build a better future for themselves and their families.” (Centesimus Annus 19) Let us heed his wisdom and adopt Bitcoin to create a more just future for families and communities.

These are good arguments, but the wrong thesis. While supporting BitCoin maybe prudent under the current circumstances there is nothing to suggest a "should". I understand it is meant to be a persuasive argument rather a moral imperative, but BitCoin is far from perfect and as such people of good will should have interoperable options.

If BitCoin were to become a standard powerful players such as governments could buy up large amounts giving them control over money supply. True they loose the ability to print more but they can still influence prices over short time-scales.

I would prefer a system where there are a handful of options and people have the tools to exchange between themselves without intermediaries.

Build your follow list slowly. Start with people you know or npubs you can verify then look into people they interact with and follow. Your feed will be as good as the care you take in deciding who to follow.

Here is a nice sunset I took on vacation.

Contrast with an image 36 hours later after we got 7.5 inches of rain in a day. That is a 39,271 acre lake. Raising it 18 inches took 20 billion gallons of water.

We are small people surrounded by mighty forces.

Once you are out three standard deviations the numbers are so small you can hardly tell the difference on the graph.

I feel this. 6 years ago I made the decision to be the at home parent since my wife had the better job. With a 6th kid on the way, the loss of agency can be crushing.

My initial thought was that it would free up a few hours a day to make something very much like nostr. But family has a way of expanding into every available minute.

Friends and family should be a backstop to how much agency you can lose, but my family is 600 miles away, my wife's parents are aging, and I haven't managed to make lasting friends here. Someone always moves away.

But meaning and happiness aren't measured in agency, it is in surrender and giving yourself to a cause.

Not quite true. A 36 year old can expect to live another 40.5 years. This is because they are part of the cohort that already survived to 36 so you can't count all the early deaths in their average lifespan. You don't hit a life expectancy equal to your age till about 42.

We live at a strange time where you can't tell a person's nation by how they look, but there are pockets where it is very strongly correlated yet. Just about any asian nation comes to mind. We don't know yet what national identity looks like in the modern world. Hopefully more good natured ribing and less stabbing.

This is good advice in general, but you cannot be truly sovereign without also being God. Your house and land can be taxed or taken, your server may have hardware backdoors, domains can only be rented. Everything we have is by the good graces of the people around us who agree not to take it. Build good relationships.