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LogicallyMinded
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Crypto trader. Independent thinker diligently working to move the Overton window closer to the truth. Advocate for decentralized governance models and freedom tech. Banned from Twitter for denouncing the vax pass. Don’t follow if you can’t handle the truth! XMR: 88RzWHVvdifJHwf1nsfVBrLYm8D5hFUcWHMtPK8F3TkzLLe2rqHkfNAUBQ2dSU1tTQenfSoXtqnxSMNiCaMekZ6wUMWtgnB
Replying to Avatar Cyber Seagull

nostr:npub1fl7pr0azlpgk469u034lsgn46dvwguz9g339p03dpetp9cs5pq5qxzeknp nostr:npub1s0fs9dwztm2rukm42vh6df4a5gwykclf75tgyeuc75t0cs2eh8rsu2rqf5

Does the west have an economy ?

I invite you to sit with that question for a moment. It's kind of an odd question. Odder still is the statement: "...The west does not have an economy." It would be so easy to dismiss that statement.

Think about that word.

Greek oikonomia "household management, thrift...".

The old meaning of the word implied, "saving" , spending sparsely. The modern expansion on the meaning is more about large systems and their interactions and less about their budgets or austerity.

Just sit with that for a few moments and how that affects how we think about the direction of society and ourselves in it, in the first place.

We already do not operate in an economy. Economists are not experts in nor do they study an economy. They study spending.

The suggested antonym for economy is "waste" or "Extravangance", no direct latin opposite exist, that is how alien our situation is.

Perhaps we are thus in an Ex-onomy, with Exonomist experts advsing policy, making news media, directing war.

All pretence of former things are completely gone. An entirely new science is needed to study this artificial thing. Unrestrained Excess means unrestrained death.

Yes, we could spend 1 trillion on war and convert the world to Coca-Cola, but why ? If for instance, synthetic direvatives and insured debt, CBDC's, Peta-billions in interest payments actually work, and "save" the economy, it will not really be economic, will it ?

We need new words, new science, new language.

Maybe we had an economy until the day men gained the ability to create money out of thin air. Then, there aren’t many reasons to manage resources rather than outspend your competitors in order to acquire more resources. This is true until hyperinflation hits you….

There are multiple way savings will be confiscated. A few years ago the E.U. allowed a mechanism of bail-in. I think every bank account above $100k is subject to the mechanism.

It’s one more piece of infrastructure that is needed to make their system functional. It’s not the first and it won’t be the last…

Or they have to do it to keep people under control when their entitlements will take a haircut…

It would be less concerning if citizens had effective democratic mechanisms to prevent or revert any abusive use of this #DigitalID system by unelected parties. But since this is not the case we know that this system will ultimately lead to some sort of digital communist #dystopia and yes, #KYC to access the internet will be part of it. It would be foolish to think that this is not their intentions.

The European Parliament and Member States just reached an agreement on introducing the #DigitalIdentity paving the way for #CBDC, #SocialCreditScore and the #BioState.

#DigitalID #EU #TheGreatReset #Technocracy

https://vigilantfox.substack.com/p/european-politician-breaks-very-bad

No doubt that there are some controlled opposition agents attempting to stir #Bitcoin in the direction that is the most favorable to its controlled by the financial establishment. If you follow the #BTC news/influencers but have no idea who those may be, then that means they are successful at co-opting the Bitcoin movement. nostr:note15tgngd4rlflnrqrafudpp2rq6tgwj6j6e5zyuc5q9z4xfy78l59sd66m9d

Interesting debate about #drivechains #drivechain #BIP300 nostr:note1u4a4p5jy0w9mg9z9vlaql039tt8p4pg63ckmuy6hxaad2mpeyl9ss5mhrt

As you may have to take the plane for these end-of-year holidays, remember that it is your constitutional right to opt-out from full body scanners and face scanners at the airport. We all have the duty to exercise our rights if we don’t want to lose them.

#SecurityState #Privacy #Technocracy #TheGreatReset #Constitution #Traveling #AirTravel #Biometrics

https://marinfreedomrising.substack.com/p/traveling-any-time-soon-airports

For #Goldbacks you can start with tipping. Either ask if they want to be tipped in #gold or just don’t ask for permission. This helps people getting familiar with the product. #Crypto is more tricky because even for tipping you need them to be equipped with a wallet.

Please consider leaving a comment to the #IRS to challenge a new proposed regulation that would extend the definition of broker to any service operating in the #crypto industry. In its current state, this new regulation would force those actors to #KYC all their users and send them tax forms. This is a poorly-defined and impractical regulation that would stifle innovation in the US and undermine its dominance in the tech industry. The IRS has to address every comment and 1,000 comments has the potential to slow down the implementation of this regulation by one year. You can use this #AI helper to generate your comment. I did it and it literally takes 3 minutes to post a thoughtful comment. The deadline for commenting is this week.

#Defi #Blockchain

https://treasuryraid.lexpunk.army/

Fair point but I’m sure they there isn’t a lack of data breadcrumbs that can make you a target especially if the bar is as low as publicly showing your support for net neutrality.

On October 19th of 2023, the FCC has re-opened the case to introduce #NetNeutrality law back at the federal level. If you are located in the US or in any US territories, please add your name in support of passing this important piece of legislation.

#FreedomTech #ISP #FOSS #Internet #FreeSpeech #FreedomOfSpeech

https://foundation.mozilla.org/en/campaigns/net-neutrality-2023/ nostr:note19ua73rc95vwp2cd77zc7hk9rzzar6efs6lh454fuslx92d3dv7cs4xrwfv

Off the list I provided, only #Ethereum is expanding via L2. I named Ethereum because it’s the first blockchain that brought smart contracts enabling #Defi. Like it or not, you can’t say it’s not an innovation. Other blockchains have features/use cases not covered by #Bitcoin or are looking to scale DeFi or payments on L1.

It’s funny you mention #Lightning as a major vulnerability just got uncovered. Also, Lightning is just not Bitcoin.

You’re looking at the wrong #eCash. Here is the one I’m referring to https://e.cash/ . It’s actually a fork of #BitcoinCash and développer by the founding #BCH team. They aim to scale P2P payment on-chain with sub-second finality. They already implemented 1-block finality.

I haven’t said that any of these blockchains don’t have trade-off against Bitcoin. You asked for #blockhain that innovates and that’s what I provided.