Avatar
Olive Grove Eggs
7b43b1cba4f78d8e684a81a0cf5fcd4ff41e0b06411ba840d675cabb9e0d45a3
Chickens free ranging in olive groves lay great eggs, fertilise the soil, restore biodiversity and keep the cash flow. going when olives are on alternate fruiting

I don't think that will affect the broader economy. 10 mil per coin is cheap, BTW. But there's our real challenge - people are blinded by dreams of riches, instead of thinking about how we liberate humanity. I digress... I don't think btc's price has any affect on the usability of the dollar or whatever fiat. If they need to make a 10k dollar note so people can buy a carton of eggs, no problem. That's about what it costs in South Korea, using their won - they didn't start at that point. Wheelbarrows of digits on your credit card is no problem at all. Actually, people would love it, since such high inflation would effectively zero out their existing credit card balance.

But supposing you're right, and the USD becomes unusable because of bitcoin storing a lot of value... Then we have an even worse situation. Anyone doing anything will need a loan from a bank that used to be a btc fund. And loans get repaid with interest. So, ... Oh.

New thought. This is evil... But it might be the solution. So the bitcoin economy is rescued by defaults, which literally have to happen, because interest payments are unpayable with deflationary money. Can't take any chances... We'll have to purposely crash the economy. That's doable. The defaults disperse the btc because businesses pay their suppliers. If the rate of deflation is high enough, or janky enough, no bank can profit on btc... People will suffer, though. Not a good solution, but at least not nothing.

The halving cycle could ripple onwards long after it ends.

Hmm. And I think that means the best business a bitcoiner can be in, other than selling btc, is off grid survival gear.

But it doesn't matter. That's all based on the supposition that saving in btc magically ends the USD. That would only be true if the government couldn't borrow USD. They can always borrow USD. Hyperinflation very well could happen, but plenty of countries have carried on under conditions of hyperinflation.

Well. Stream of consciousness. No point in making it look pretty.

Your point about the economy crashing when the dollar becomes valueless - well, yeah. That's the way of hyperinflation.

The "evil" of the temporary collapse outweighs no collapse of the current matrix system..

Satoshi started dispersing bitcoin as far and as fast as possible, so that the maximum number of people had an instrument to get through a fiat financial collapse. If it had been a hodl technology BTC would never have taken off.

This is all points I remember from Max Keiser btw.

It is becoming clear that if we believe in bitcoin we have to spend it into the general economy. And because it is such a hard asset, whatever it is spent should be put to very good use, hardening the economy as it spreads, reducing the impact of fiat collapse.

Foreign words out of context

Harshit Gangwar, a perfectly normal name in the country of a crypto exec, but on these shores it sounds like a gritty movie about a drug gang enforcer in a Trainspotting sequel .

Chevvy Nova was another unfortunate name when mentioned out of context. A popular car evoking galaxies and star travel raised eyebrows when launched in Latin America where it means Doesn't Go.

A Mexican paint brand, Durex, made me giggle.

I got a clip round the ear when I returned from a school trip to France with a bottle of soda and asked if anyone would like a glass of Pschitt.

And no World Cup football fan is going to forget the English speaking commentators' discomfort whenever someone passed the ball to Kuntz.

Any others?

#asknostr

Wash your mouth out with soap young fella me lad! :)

Posted on behalf of the Department of Social Media Cleansing Products. Only 9.99 a month.

We have a catch-22 situation. 10 or 20 or 100, doesn't matter. If bitcoin is only used as a savings mechanism, then fiat wins because its still the currency and still funds tyranny. But if we have a vibrant bitcoin economy, meaning it becomes currency, then the etf's and any other traded fund that derives value from holding btc will have a supply to buy with fiat, continually removing btc from the market until none is left.

The second scenario may appear favorable because we can (supposedly) soft fork in more decimal places and then "its going up forever, laura." Or whatever her name was... But that scenario is an argumentative point to prove absurdity, like Schrödinger's cat. BTW, it's insane how many people take that cat as simultaneously alive and dead... The point was to prove absurdity. Its like in most math problems, at least the ones grounded in real world scenarios, you have to discard infinity solutions. So, this isn't that, but I think I'm justified in assuming "infinity" isn't going to happen.

What breaks? Idk, but something... It also reminds me of the credit cycle - you can see the credit cycle has topped by looking for yield inversions, assuming the yields referenced are actually the relevant numbers (might not be anymore, but theory is still good). Once you can say for sure the credit cycle is topped, meaning new businesses are getting negative returns on every dollar borrowed, then a "deflationary event" has to happen. You can't predict where it will happen, that would be another absurdity, but you can be sure it will happen. So bringing it back to bitcoin - what will happen? Something that brings a sensible equilibrium between the infinity the funds hold and the actual value traded outside the funds. It'll crash. Repeatedly. Forever. And boom repeatedly. Forever. As long as fiat exists.

The problem is, I don't see anything actually wrecking fiat. Fiat is designed to wreck. Forever... And it never dies because states exist. Its like the monster Mao, the handsomest man in China (I heard that in China) said : "power grows out of the barrel of a gun." Real power is the market, but violence controls markets. States are violence.

I *really* want bitcoin to be the one global currency. But my reasoning ability hit a wall. I think it can only be savings. That's not good enough for me. And that's all I got, cuz I don't see anything better.

The Weimar republic comes to mind. Even if fiat still exists there comes a point where nobody wants it in exchange for real things. As Max Keiser notes, at some point we will be offered 10m for a bitcoin and nobody will bite. The fiat becomes pointless, however easily big players can access its endless pot they won't be able to buy BTC with it.

I think that's how it is going to play out eventually.

There are all sorts of what ifs, like being forced to accept fiat or forced confiscation of valuable hard money etc, but that's a set of issues that implies a governnent is hanging on to power by a thread. That's when a social issue for the people to resolve takes precedent, and concerns for btc as a currency has to sit and wait for an outcome.

A few months ago I was sent a few thousand sats by a Dev on nostr for helping them out. It seemed very generous, but a) it enabled me to zap sats regularly to useful and entertaining nostr users. And b) it encouraged me to put effort into Nostr.

I didn't really need a financial nudge because I believe in Nostr's potential but the sats boost was a neat thumbs up to me and also enabled me to participate practically in this environment.

Value 4 Value, it's the driver for releasing potential in a world hamstrung by lack of capital. Us non elite drive bottom up innovation and the more momentum we can get going, the sooner we can see change for the better.

My minimum zaps for interesting posts is set at 100, it's mad to send 1 sat or 10. That doesn't move the dial. And there's a token of appreciation and then there's like, really? Do you think in 2029 when BTC is 1m + that you are going to regret zapping sats in 2024? It's because we circulate sats now that BTC can be worth so many dollars in the future.

And after listening to a podcast from a podcaster delving into V4V, it makes sense to regularly send a decent amount to one or two podcasters rather than bits and bobs to many. If 100 listeners think like that, a podcaster could generate some income to motivate them and fund ways to improve their show.

Isn't bitcoin already well distributed, and the idea of 10 holders in total highly unlikely? Even if 10 were trying to be all-owning there would be at least 1 more out there not selling their bitcoin - you. And I recall 74% of all bitcoin hasn't moved in months since the ETFs. Might want to fact check that, but overall the meglananiacs will be limited by refusal to sell for any amount of fiat shit.

From personal experience and blood tests, a balanced vegan diet is just fine, except I just found out that I was living for years with B12 deficiency ( sadly not deemed worth checking in normal blood tests by my doc)

That oversight resulted in day to day life disorder for me that only ended when I supplemented a strict plant based diet with local goat cheese and eggs and recently the odd can of sardines.

That seems to keep me very happy, and positive and realistically true to my principles, full of B12.

I'm not one for listening to business oriented motivational podcasts, but Pat Bet-David really does throw out some gems that would help any budding entrepreneur along.

Good attitude gets your failings forgiven. That's a great observation. I can't remember the rest, sorry.

Studying pinstriping videos ahead of getting down to it for real. I always enjoyed doodling and I still have a steady hand, so why not doodle on someone's precious car or vintage motorbike.

Hollywood seems to predict everything, but searching for prescient movies about cbdc's nothing specific comes up. Just super surveilled society backdrops

Black Mirror "Nosedive"

In Time

Minority Report

Christmas Muzak in the café already. Tis the season of jolly commerce

Easy day today. Only had to re-design a crown, repair a camel hoof, tidy up a giant king and gild a pair of horns and a globe.

#Christmas is coming.

Talking with a writer self publishing a series of Scandic noir detective stories. Promoting her books with a website plus Instagram, selling through Amazon. It sounded so 1990.

I'm sure Nostr would serve her better.

Npubpro website, Nostr long form clients, social clients, and zaps direct to her wallet.

Simples.