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Habanero
7e47097e94cee910bac70b870706b2a491a6f71d22ae397190d0d3df7b8ee253
Hurts so good

Forgot the pot! So I'd swap the bear spray for a cast iron skillet

Knife, 2 tarps, fish hooks + string, roll of 16 awg steel wire for snares, bow & arrows, goose down sleeping bag, extra socks, fire starting rod, bear spray, bible

To them the rainbow is the literal symbol of division, a fragmentation of the light.

I believe the USSR put alot of energy in dividing their populace into fractions as well.

He also recommended leaving a small amount of food in a place that someone can steal, and to just consider it a small cost compared to having a full conflict. People get desperate...

Nice! I go planars for headphones... currently running Oppo Pm-3 through an Audio-GD R2R-11; love the sound

WTF is that bottom search for!?

You would have to pay me to watch that garbage propaganda programing... free is to high a price.

Reeks of A16Z money... it's an attack. If you want to make something of actual value with NFT s , make a ticketing system for events that competes with Ticketmaster

I would call that humility with common sense. I think intelligence is the ability to accurately predict what happens next.

He is buried in the field in Bolivia with several holes in his head... CIA for the win!

Replying to Avatar Leon

Some of my thoughts on what interest rates would look like under a Bitcoin standard? 👇

In a free market under hard money, the actual or market interest rate depends on various factors, in particular the supply and demand for capital.

When the supply of capital exceeds demand, the market interest rate falls, while it rises when demand exceeds supply. The market interest rate is therefore the price at which capital is exchanged on the market.

A net interest rate would likely emerge naturally. We can assume that the interest rate would reflect the general time preference of people in the economy. Under a Bitcoin standard, interest rates would likely be higher, as the risk of capital loss is higher with a finite money such as bitcoin than with a fiat currency. This will likely result in higher interest rates being demanded to compensate for the higher risk.

Under a fiat standard, the "risk-free" interest rate is tied to inflation. A US Treasury bond with a yield of 5-6% would be considered risk-free, among other things, because the yield theoretically compensates for the loss of purchasing power that fiat money experiences.

More importantly, the "risk-free" interest rate component of fiat money refers to a country's risk of default, which is generally considered very unlikely since states are able to produce money “endlessly”.

The term "risk-free" is misleading. It does not exist per se. Opportunity costs exist always and everywhere and the market interest rate depends on various factors, including the risk of capital loss.

There is also a historical certainty that any fiat currency will eventually go to zero, which is often not reflected in the fiat market's "risk-free" interest rate.

Under a Bitcoin standard, the lowest risk component relates to the risk of loss of bitcoin held in self-custody. When stored in cold storage, those bitcoin are the holder’s alone and not in danger of confiscation or inflation by third parties.

The lowest risk return for #bitcoin is directly related to productivity. Since bitcoin is finite, the value of individual units increases with human productivity. There is a risk of not participating in the increase in the value of bitcoin (deflation) in the event of a loss. The interest rate on a loan under a Bitcoin standard would likely be the deflation rate plus a risk premium to compensate for the potential loss of bitcoin.

Full article: https://bitcoinmagazine.com/markets/bitcoin-will-completely-change-real-estate-markets-and-interest-rates

I assume there would be less than .0001% of the loans created today under a bitcoin standard. If bitcoin is adopted it will act as a broad-based mutual fund of the economic activity happening in bitcoin... think Vanguard 500 with no fees. The price appreciation of bitcoin is the "risk free rate" and the kicker is my capital stays totally liquid and in my possession. Lending out my bitcoin to businesses or governments for a return would not only lock up my capital for years but would expose it to a myriad of risks that I would demand compensation for. This interest rate for risk would be so high that paradoxically the highest risk for the business or government would be covering the interest... for which I would demand a higher rate of interest to compensate for this risk... making the interest rate risk even higher.

IMHO no substantial lending will ever occur on a sound money standard above 12%-15% interest. No business or government will be able to outperform the general market (broad-based mutual fund) for any appreciable amount of time especially by 12-15%.

TLDR: Lending under a bitcoin standard is a losers game... have fun getting rugged.

This was 4 months after the U.S. had declared war on Germany in WWI... so mutany, murder of army personal, private citizens, and local PD all during war time. I'm surprised they didn't execute every one of them.