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#Bitcoin Tech Talk #368
Lack of Hope Leaves People Vulnerable to Scams
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Low time preference behavior is a sign of prudence and faith, serving as an investment in an uncertain future. Such an investment necessitates a degree of trust that future rewards will materialize. However, many people, influenced by past betrayals and hardships, are skeptical about the future. This skepticism manifests as high time preference behavior, a focus on immediate gratification that often comes at the expense of long-term planning.
Hope is an essential ingredient in our ability to envision and invest in a better future. It's the cornerstone for building meaningful relationships, sustainable businesses, and vibrant communities. This kind of genuine hope can't be manufactured; it must be nurtured through trustworthy actions and the fulfillment of promises.
Interestingly, even those who scam must initially fulfill some promises to establish an illusion of hope. This facade is particularly alluring to individuals with high time preferences, who are desperate for something, anything, to believe in. These people are more susceptible to scams because living a life devoid of hope is, for them, insufferable.
The foundations for a promising future are hope and trust. These qualities are nurtured or eroded through our experiences and social interactions, shaping our expectations for what lies ahead. Unfortunately, the fiat monetary system undermines these foundations by eroding trust and destroying hope. It is through the adoption of sound money that we can begin to rebuild these essential human virtues.
In summary, as long as people are devoid of hope, they will remain vulnerable to scams and deceptions.
In this clip @PrestonPysh explains how fiat money eventually leads to debasement and how violence enters the picture.
Doctors are good at preventing death in the immediate short term.
Many of them pump reasonably healthy people with unnecessary drugs and are really rent-seeking off of peoples' health. They're not the experts you think they are when it comes to long term effects of almost anything.
I talked to @MeatMafiaBrett and @MeatMafiaHarry about food in this episode of Bitcoin Fixes This.
We talked about getting out of the fiat mindset in food.
New ATH in a lot of inflating currencies (Naira, Turkish Lira, Argentinian Peso) already. USD ATH will be last.
Keeping savings in anything other than Bitcoin seems sacrilegious to me at this point.
If you don't believe in the one narrative, you're called a conspiracy theorist and a right wing extremist. Already, people have been fired from their jobs. Next, they'll start arresting.
A narrowing Overton Window is a leading indicator of tyranny.
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#Bitcoin Tech Talk #367
Not everyone can be saved, because honestly, their mentality and belief system don't allow for it. The only thing you can do oftentimes is just wait and let them suffer the consequences of believing in lies.
I'm not talking about just Bitcoin.
Democrats from a generation ago are now considered right wing extremists.
There's a significant cost to standing your ground in a fiat system because everything is constantly moving.
In Bitcoin, you can stand your ground because it doesn't change.
I know there's a lot of talk of conference fatigue and so on, but I think the conferences this year are setting up for the huge uptake in interest set for the next few years. It's crazy, but we're going to see crazy numbers this next time around.
I talked to @stephanlivera and @softsimon_ about Jurisdictional Arbitrage.
Find out what that's like and how to think about values, taxes, real estate and more!
# Bitcoin Fixes This #110
I still think there's something really weird going on with Gaza.
First, I've heard way too many people mention the 9/11 connection. It was so obviously spoonfed to us as a narrative that it's very suspicious. Yes, there are some parallels, but the way it was pushed by every media member almost minutes after it happened was very odd.
Second, the neocons have been way too aggressive on this. This does not play to their base at all and yet they are beating the drums of war at every opportunity. They seem to believe that they can get their side whipped up in a frenzy to the point where there will be war.
Third, the protests happening all over the world seem suspiciously timed to be red meat for everyone on the right. The exact people the people on the right hate are saying good things about Palestine. It reeks of manipulation.
There's a confluence of events to get the right bloodthirsty, because the left is bloodthirsty enough with Ukraine already. Maybe it's the defense industry, maybe it's the deep state. But whoever it is, they really, really want not just one war, but multiple ones.
In this clip @DavidFBailey
explains how the media landscape has now become dominated by smaller players that can't just be bought with ads.
I want the ETF approved just so it doesn't hang over our heads like the sword of Damocles. I don't think it'll matter much in the long run, but it's something everyone looks to for salvation. Better for those dreams to get dashed sooner than later.
The real hope is in Bitcoin being the best money that's ever been made, not some buy in of the SEC.
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#Bitcoin Tech Talk #366
What if all the wars right now are kayfabe? What would that mean?
One fiat tell for me is when a person's desire to not offend is the primary concern for their speech.
Freedom minded people have a much easier time getting Bitcoin.
Statists, naturally, have a much harder time.
The jaded have the hardest time. And sadly, there's a lot of those, especially in finance.
Get people to love freedom first. Bitcoin will make much more sense to them then.