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milkpaste
7faebaee218955c4dfbeb9e6a9974de433ea9fa4d38b57b46890331a08b1185a
Sydney / DJ / Accountant

Applying time preference to preparing my steaks. I may need to wait 1 hour, but it’s worth it. 🥩

#steak

#carnivore

Bitcoin ATM Kings Cross, Sydney

14% premium than local exchanges and you still have to provide your mobile.

#bitcoin

#bitcoinatm

#Sydney

GM Nostr ☕️

#coffeechain

#mokapot

#bialetti

1 #bitcoin = 1 #bitcoin

Replying to Avatar nat brunell

New topics covered with nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m this week.⚡️

⬩Spot Bitcoin ETFs

⬩#Bitcoin Halving

⬩Can #Bitcoin 'back' the U.S. Dollar?

⬩#crypto regulation

⬩Contrasts among investing strategies for ETFs, mining stocks, companies like MicroStrategy, & direct asset acquisition/self-custody

youtu.be/1lxqUWXzVGY

Adding to my weekend listening ⚡️

Albino Darwin Carpet Python 🐍

#python

#albinopython

#australia

#mate

#carpetpython

Looking for an alternative to google authenticator. What are your recommendations? 🔐

#2FA

#privacy

GM Nostr, hope you have an amazing day!

I wonder when people will stop normalising the regression of human growth. Turning heaters off and eating canned tuna in 2023 because the middle class can’t afford the bill shouldn’t be accepted. Australia is so delusional and complacent with living standards.

A lot of people accept that they can’t afford heating, red meat, housing or healthcare. Inflation has been accepted in our modern day and “price inflation” is to blame.

#bitcoin

#Australia

#inflation

#tuna4property

#humanregression

Another day, another stack of sats #bitcoin

Replying to Avatar Anil

My understanding and appreciation of bitcoin has been shaped by a handful of essays that brilliantly capture its unique properties and potential.

Here's my reading list:

⛪The Bitcoin Reformation by Tuur Demeester

"The 21st century emergence of Bitcoin, encryption, the internet, and millennials are more than just trends; they herald a wave of change.."

👑Masters and Slaves of Money by Robert Breedlove

"An exclusive right to produce money without regard for competitive market pressures is an apparatus of enslavement"

🥇Bitcoin Obsoletes All Other Money by Parker Lewis

"It does not matter how complex bitcoin is. At the end of the day, bitcoin becomes an A/B test. The need for money is real and individuals will converge on the form of money that best fulfills the function of exchange."

🏎️Economics of Bitcoin as a Settlement Network by Saifedean Ammous

“Using Bitcoin for consumer purchases is akin to driving a Concorde jet down the street to pick up groceries: a ridiculously expensive waste of an astonishing tool."

💯The Bitcoin Central Bank’s Perfect Monetary Policy by Pierre Rochard

"The BCB enforces the strictest deposit regulations in the world by requiring full reserves for all accounts."

🐂The Bullish Case for Bitcoin by Vijay Boyapati

"If Bitcoin exists for 20 years, there will be near-universal confidence that it will be available forever, much as people believe the Internet is a permanent feature of the modern world."

🏴‍☠️Bitcoin Becomes the Flag of Technology by Balaji

"Bitcoin is not about accomplishing change through folk activism. It's a network-based phenomenon which has accomplished a revolution in monetary policy through a billion private actions."

🛑Can Governments Stop Bitcoin? by Alex Gladstein

"The rich and powerful will always design systems that benefit them before everyone else. The genius of Bitcoin is to take advantage of that.."

⏱️Bitcoin is Time by Gigi

"if we want to have trust­less money in the digital realm, we must remove any entity that creates and manages timestamps and any single entity that is in charge of time itself."

😈Everyone’s A Scammer by Michael Goldstein

"Long term investors should use Bitcoin as their unit of account and every single investment should be compared to the expected returns of Bitcoin."

🛶Bitcoin is Venice by Allen Farrington

"Modern banking is the legacy of a problem that technology has since solved. [Bitcoin] is a foundation to scale the next great phase of economic progress."

🖨️Stone Ridge Shareholder Letter (2020) by Ross Stevens

"You can stay on the Fiat Standard, in which some people get to produce unlimited new units of money for free, just not you. Or opt in to the Bitcoin Standard, in which no one gets to do that, including you."

📡Bitcoin Miners Beware by StopAndDecrypt

"No matter who you are, or how big your company is, your transaction won’t propagate if it’s invalid."

🧩Bitcoin Is Worse Is Better by Gwern

"The interesting thing is that all the pieces were in place for at least 8 years before Satoshi’s publication.."

🎓Why the Yuppie Elite Dismiss Bitcoin by Jesse Myers

"When you’re in the ivory tower, you think the term 'ivory tower' is a silly misrepresentation of your very normal life; when you’re no longer in the ivory tower, you realize how willfully out of touch you were with the world."

🧰Decentralization: Why Dumb Networks are Better by Andreas Antonopolous

"Bitcoin allows any application to be developed independently, without permission, on the edge of the network."

🐚Shelling Out: The Origins of Money by Nick Szabo

"if money is not just coins or notes issued by a government under legal tender laws, but rather can be a wide variety of objects – then just what is money anyway?"

🪨It’s the Settlement Assurances, Stupid by Nic Carter

"You can create something which looks cosmetically similar to Bitcoin, but you cannot replicate the settlement assurances which derive from the costliness of the ledger."

🦈The Greatest Game by Jeff Booth

"The best way for people to understand how important Bitcoin is for the future, is to first understand how the existing system amplifies insecurity and how a change to a different monetary policy would produce infinitely better results."

⚖️Bitcoin Reveals Exchange Rate Manipulation and Detects Capital Controls by Gina Pieters

"Bitcoin can approximate unofficial exchange rates which, in turn, can be used to detect both the existence and the magnitude of the distortion caused by capital controls and exchange rate manipulations."

🫂Bitcoin and Me by Hal Finney

"When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs."

Links to all essays: https://www.teachingbtc.com/essays/

Thank you for the resources!

Imagine returning to primitive technology used by peasants living out the drudgery day by day, oh wait that’s “renewables” progressives are pushing. We need a fossil future or we return to 13th century peasants normalising black/brown outs and not having reliable 24/7 power. #fossilfuture #unreliables #hydrocarbons

GM Nostr ☕️

Australian media and government loves to spruik the Aussie housing market. The second most expensive and malinvested market after Hong Kong.

Defaults are on the rise, even though big 4 banks are saying “nothing to see here”

Average debt to income 6+

Savings ratio of income 3.7%

Household debt 120% of annual GDP

800k home loans (350b) rolling off from a fixed 2% to 6-7% over the next 6 months.

450k home loans rolling off from 2% to 6-7% in 2024

RBA interest rate: 4.1%

The bust of the boom is just getting started.

🇦🇺📉🏠

Good Morning Nostr, what’s your coffee order? ☕