Profile: 772f9545...
For example https://wiki.debian.org/PipeWire says:
> In Debian 11, PipeWire 0.3.19 is available, and can be experimentally used as a substitute for the ALSA userspace library, PulseAudio, and JACK. This is a documented but unsupported use-case. In Debian 12, PipeWire 0.3.65 is available, and is considerably more reliable, and is a comfortable drop-in replacement for many use-cases. PipeWire is the default sound server with GNOME Desktop.
Try XFCE with xfce4-pulseaudio-plugin, you might be better off.
Which OS? Which desktop? Which sound tools?
Maybe we don't need "everything" on the base layer, only transfers of peer-to-peer electronic cash. Bitcoin still works without custodial solutions. If the default is anything but self-custody and private something is wrong.
Ron Paul said in like 2009 "the dollar is done" then something like "what will replace it?" and that is the question. I originally thought Bitcoin could replace the dollar after seeing the whitepaper. Now I think if the dollar is abandoned in the next few years I doubt Bitcoin can replace it. Bitcoin is great for intermittent, substantial, long-distance, cross-jurisdiction, low-speed, online payments. As long as it is useful it will be valuable and I'll keep using it. I don't want custodial stuff. The original sin of money today is rooted in custody. If gold was hijacked by custodial solutions, why wouldn't Bitcoin be hijacked by custodial solutions? Anyway, yeah, Bitcoin could still potentially replace the dollar, but I think when the dollar collapses, I doubt Bitcoin is the replacement unless some major breakthrough happens. Some altcoins might rise to meet the challenge, likely altcoins that actually aim at the becoming that replacement. I think the most likely scenario is a handful of market monies competing with whatever the authorities propose.
XMR has no limit on the supply, which is sad. On the bright side, it is an ever decreasing rate of inflation relative to the whole supply.
Running a full node seems to only take about 18GiB unless I'm not really running a full node. The block DAG thing sounds great. The (alleged?) lack of pre-mine is good. The lack of custodial crap seems OK. I don't know the technical details. I just recall seeing a note from nostr:npub163gcvh4dwwqm4yp2y7355tu9s7e6pzmqlcl3p78m7vm52fq7ej9s0g40f6 about it sometime back and noticed it is atypical in that it appears to solve scalability (like, orders of magnitude scalability) without compromising on a bunch of other stuff. I'm curious about the negative feedack you receive here other than "because it's not Bitcoin it's a shitcoin." Just because the vast majority of coins are shit doesn't mean every single one of them is garbage.
Any Dr. Robert Murphy fans? Interesting article on the future price appreciation of #bitcoin #btc
"To say that Bitcoin has an upper bound of $160 trillion sounds like there’s lots of room to grow, and in an absolute sense, of course there is. However, it’s not going to yield future performance comparable to Bitcoin’s past decade."
https://content.infineo.ai/articles/an-upper-bound-on-bitcoins-appreciation
A comparison to M3 is much more appropriate than, say, total household wealth (see nostr:nevent1qqsqpvlqxgl97qwy0jl3vyruhtr6uy46ftu3p6zqetw4qy0t4e8g3sgpzpmhxue69uhkztnwdaejumr0dshsz9mhwden5te0v96xcctn9ehx7um5wghxcctwvshsz9nhwden5te0v4jx2m3wdehhxarj9ekxzmny9upzq6dm). It gives a ballpark but we can't be certain about the future valuations of people. I think his key point is right if we adjust for inflation. We cannot expect it to keep exploding in purchasing power forever. We can expect it to continue to have modest gains in purchasing power forever if it actually becomes money.
It doesn't look like Bitcoin is ready to take over for all the collapsing fiat monies supposing they collapse in the next few decades. We will most likely have several monies. I don't know what they all will be but perhaps something like gold, silver, Bitcoin, altcoins, and commonly used commodities.
Many know about nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm and her recent book Broken Money. This is a great interview with her and Dr. Robert Murphy, who is an Austria economist which is more detailed than some of the other interviews I've heard. Enjoy!
Thank you for sharing!
I assume you're saying "what if they accepted Bitcoin?"
Money is for spending. So it would depend on how much of each kinds of money and houses I have in stock.
At the same time, to mitigate Gresham's law (legal tender laws cause better monies to be used less in exchange) some kind of discount is needed. As for the future price of Bitcoin, who knows? And if money is for spending, who cares as long as you still have ample money leftover?
I assumed that "estimates of total worldwide household wealth" in the original author's text used the mark to market technique. That wealth is a composition of assets that might include money but is primarily non-money assets. My point is that if we estimate the wealth at X trillion money units this estimate does not imply that there must be X trillion money units in existence. We could have X/2 trillion or X/5 trillion money units without a contradiction to the X trillion wealth estimate. X/5 trillion would not imply that the wealth estimate is wrong. It could be that X billion units is OK! I do not think we can say there is an exact ratio. I am becoming more sure that the author makes an incorrect assumption, and if it is incorrect, it is also incorrect of the author to suggest Bitcoin's price would have to reach those levels when it is the money of the world.
No doubt we agree that as more people use Bitcoin more frequently as a medium of exchange there will be an increase in Bitcoin demand leading to an increase in price relative to USD and other goods and services, especially as folks prefer to use Bitcoin instead of USD and there is a decrease in demand for USD.
In short, I don't know what the price of Bitcoin should be as it becomes the world's money. The author's estimate of the equivalent of 10 million (2010ish) USD seems high based on the given reasoning. You are right that the US dollar is being debased. As the US dollar becomes not money and Bitcoin becomes money we would be estimating asset values in Bitcoin. We wouldn't compare to US dollars, we'd have to use other techniques.
But money changes owners in actual exchanges on the margins, not hypothetical or potential exchanges. I still don't see how the total wealth has anything to do with the total money stock other than the stock of money being a cap on the highest price good. If we had only 12 USD in existence, 12 USD would be the highest possible price for any good or service. But it does not follow that because something recently exchanged for 1 USD and there are 12 of those that there must be 12 USD in existence.
I don't follow why the money stock needs to equal total estimated wealth. Suppose I own a house with an estimated price 1 BTC, a car with estimated price 0.1 BTC, and some other stuff with estimated prices totaling 0.1 BTC. Further suppose there are ten of us and the average price estimates are the same as what I have. Our houses, cars, and other stuff total an estimated wealth of 12 BTC. It does not necessarily follow that we also need 12 BTC to support this situation. I suppose 1 BTC would be a floor, otherwise we could not expect the house to exchange at 1 BTC. But we might also be able to get along with 2 or 3 total BTC among the ten of us instead of 12 BTC. We don't need to be able to liquidate everything all at once. The money is an independent good itself with its own supply and demand.
I recall doing a similar calculation where I estimated the total money in the world (not total wealth) and figured BTC would need to be like $100 USD to support all the exchange in the world. Maybe I was off by an order of magnitude, though.
Four years ago we learned that five years ago SARS-CoV-2 was wide across the USA.
> The findings of this study indicate that that it is possible the virus that causes COVID-19 may have been present in California, Oregon, and Washington as early as Dec. 13-16, 2019, and in Connecticut, Iowa, Massachusetts, Michigan, Rhode Island, and Wisconsin as early as Dec. 30, 2019 - Jan. 17, 2020.
It has now been over five years since this SARS-CoV2 alert. Mr. Boyer, ABC, CNN, and Israeli news say this alert went out in November, 2019. NCMI and the Pentagon deny it.
In the US, the First Amendment phrase "freedom of speech" is prefaced by "Congress shall make no law ... abridging the" meaning it was not seen as a positive right that others owe you but rather a negative right against government interference.
What kind of wall is this? Look at that texture and gloss!
> We have petitioned; we have remonstrated; we have supplicated; we have prostrated ourselves before the throne, and have implored its interposition to arrest the tyrannical hands of the ministry and Parliament.
Here we see that the conflict was not exactly about monarchy but about a parliament violating its jurisdiction. The colonies had their own legislatures. To the extent that the monarch did not correct the errors, sure, it was against monarchy.
Also from the date we see that the speech preceded Lexington and Concord by only a few weeks. But there was a powder raid in September of 1774 that caused alarm. April of 1775 was the start of of the war. Over a year later, the politicians drew up the Declaration of Independence.

