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Shawn C.
83ea7cb5a3ab517f24eb2948b23f39466dd5f200fd4e6951fed43ba34e9a4a83

Umm, can you expand on this for noobs? Also you were powerfully informative on Citadel Dispatch.

I get your point, but he did first nation state adoption (partially) of Bitcoin, locked up an army of murderous gangs, and may be advising rhe Arabs to get into Bitcoin, so I think we should cut him some slack with what is clearly a humorous statement.

I think that is the real reason the ETFs were approved, to create a giant confiscatable honey pot of Bitcoin. One false flag incident implicating Bitcoin and a very easy 6102 attack nets millions of Bitcoin with an email and press release.

HODLRs should have passports and exit plans. El Salvador obviously, but probably a dozen more good candidates out there.

Replying to Avatar jimmysong

The Nationalization of the Work Force

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The economic numbers, like unemployment, inflation and GDP, are getting gamed. Layoffs are being offset by government hiring. Slowdown in the economy is being offset by government spending. No one in the actual economy wants to spend, so the government is counter-balancing it with spending of its own.

As interest rates rise and all the economic health indicators look increasingly horrible, the short-term Keynesian band-aids are being applied. After all, politicians have to *do something*, lest they be accused of not caring. This is, of course, an excellent example of high time preference behavior. Politicians really only worry about the next election and long-term consequences be damned! So what if government keeps growing? So what if inflation destroys peoples' savings? So what if the private sector mal-investment never has a chance to clear out? The game is to keep things the same so that they can get re-elected and they can always dip into the cookie jar of inflation to fund it.

In the short term, this is a very understandable strategy. Creating government jobs not only makes the unemployment numbers look better, but it also has the nice side effect of making those that get these jobs way more statist. These are not people that are going to vote for a reduction of government, they have strong financial incentives to never do that. And spending on unnecessary wars to prop up defense contractors? You think those people would ever vote for less spending?

The divide right now is not between liberals and conservatives. The divide is between the rent-seekers and productive people. And as currently comprised, it's about 50/50. And it's not who you think that's on the productive side. Sure, obvious groups like government employees, media and even the military, educational and health care industrial complexes are very obviously on the rent-seeking side, but there are others that you may think are productive but are not. Big tech, for example, is overwhelmingly on the rent-seeking statist side. The war-mongerers are on the statist side.

The productive people are the middle and lower class people that haul away your garbage and fix your AC and deliver your packages. And as the populace re-aligns, the productive people are correctly calling out the uniparty as the party that wants to keep the rent-seeking going.

There's only so much you can steal from the productive people before there's a revolution. But this is where the infinite pool of money that the central bank can draw from becomes the tool to tip the balance. You can co-opt the productive people by giving them government jobs. And make no mistake, that's exactly the strategy being executed right now. The public sector is growing fast, even as the private sector shrinks. They are nationalizing the work force so that voters are dependent on the state. And honestly, it's not that far from socialism. If 100% employment by the state is socialism, then we're about half-way there, roughly speaking.

But this strategy has consequences. As more people come on the government payroll, either through direct payment, as with government employees, or through subsidization of industries, the money to pay them has to come from somewhere. If it's explicit taxes, that will get the politicians voted out real quick, so it's not really an option. Inflation, on the other hand, is great because it's a stealth tax and there's plausible deniability by blaming greedy corporations and so forth.

But inflation debases savings and soon, people can't afford to live on their old salary. Not least of this is the bloating public sector, whose salaries tend to adjust last. Thus, there quickly becomes a large and powerful lobby of government workers who will demand raises. And this creates a major dilemma for those in power. Do you give them raises and exacerbate inflation, or do you deny them raises and get voted out of power? The high time preference nature of politicians almost guarantees the former outcome. But then, that extra money adds inflationary pressure to the economy. This may hold things off for a bit, but the bigger the public sector, the faster prices in the rest of the economy increase. Inflation becomes a problem again. Soon, the government employees, stronger now, perhaps as a larger constituency and having a precedent to work with, will again demand raises.

Raises -> Inflation -> Raises -> Inflation -> …

The only end here is hyperinflation and that's not pretty.

I'm not going to suggest that it's around the corner, but as Caesar once said, "aleta iacta est" or "the die has been cast." The expansion of the public sector is inevitable and thus, so is inflation and eventually hyperinflation.

Well said, sir. Stocking up on bitcoin and durable goods and anything else that can't be easily inflated or confiscated.

It's like they are complaining about a gorgeous, smart, kind, sexy woman, but she doesn't root for the same sports ball team you do. No solution is perfect, and it is light years better than the fiat counterfeiting scheme that steals your wealth as reliably as water eroding away a sandcastle on the beach.

Can I request a Nostr version of Facebook Marketplace? It seems to now be the dominant personal buy/sell mode, and I don't want to bend the knee to their bullshit.

I always ho back to if I had DCAed a few hundred dollars per month when I first got interested in 2013. 40-50 BTC without even noticing it piling up!

How do we increase privacy on Bitcoin immediately? We are likely months from a full bore 6102 attack/ criminalization of all non- fiat!!

Will this lead to chain data bloat like Ordinals, NFTs on-chain? Got to keep it lean to encourage lots of modes, right?

How fucking smart is Bukele going to look wen moon?

Yes, but if a gallon of milk is $10,000, are you really wealthier? I don't expect to ever sell any of my tiny stash of sats for fiat, but goods I need to live.

Replying to Avatar Lyn Alden

Have you ever won a fight that you should have lost? Here’s a funny story.

I grew up in a trailer park from age 6-18 with my single father, who was elderly. But my father had been a police officer for decades, and was an orderly kind of guy. He kept a tight household, and he would work each day and I basically had to be an adult from a young age to take care of myself, and he also put me in martial arts classes starting just before or around age 7 which I then did like clockwork multiple times per week for years straight. Many other kids in the neighborhood were less lucky by not having such attentive-but-hard parents, and went astray.

My neighbor Jordan lived with his single mother, who was kind of crazy and usually not home. Nobody really cleaned their trailer; it was gross. Jordan and his little sister grew up largely alone and in squalor, and were given no direction. But Jordan was a character, and he built his own direction as an agent of chaos. We became friends, and I would hang out with Jordan and his little sister there in the evenings after I came back from school and martial arts practice. Jordan’s best friends aside from me, were marijuana dealers and so forth, and I got to know them. Jordan was a couple years older than me and taught me how to play Dungeons and Dragons, Magic the Gathering, and a bunch of video games, and he was a big cultural influence on me. Most of my hobbies ended up being tomboyish probably because of him; he was the only kid on my street that was in my age range, and just slightly older to be a significant big brother type of influence on me, rather than me being the one to influence him. He and his friends joked that I was the “innocent” one among them; the nerdy girl across the street who was kind of part of them but also kind of different. Jordan usually didn’t call people by their name, but rather had a nickname for everyone. He always called me “Squeaks”.

A lot of people grow up in certain social bubbles, but my social groups at the time couldn’t be more different. My friends at school were like, fellow nerdy mathlete team members. Then I had friends at my highly disciplined martial arts school that felt almost like a military academy, with push-ups and rank hierarchies and “Osu Sensei!” type of shit. And then I’d come home and hang out with Jordan and his chill pot-dealing friends who did whatever the hell they felt like. I feel lucky that I had all these totally different vibes going on.

Jordan would host fights in his backyard with his friends. They were all bigger than me and kind of tough, but had zero martial arts training, and after some prodding I agreed to spar in it once when I was 15. My first opponent was a far larger guy who was obsessed with Pokemon and dealt pot, and he jumped toward me and literally picked me up and was about to body slam me. But he didn’t know what he was doing, and made the common takedown mistake of putting his head on my side under my arm, so I guillotine-choked him as he picked me up, and he immediately crumpled to the ground and submitted to me before he could complete the slam. Jordan was like, “Well, Squeaks wins.”

In my martial arts school, we fought full contact, like I had been punched and slammed and dropped and tapped out for years, but always with headgear on and mouthpieces in. It was always a safe, controlled environment. Julian’s fighting pit was acutely *unsafe*; just with some gloves on and nothing else. I always felt more afraid of a real fight than a controlled fight, and this moment and the subsequent adventures in it helped me build more confidence that even my fellow martial arts students rarely had.

From then on, Jordan held various fights in his yard and loved to put me in there from time to time because it was so unexpected to people. I wasn’t innately talented, and compared to every fighter being a boy I wasn’t strong, but nobody else had the 8 years of training that I had, or any training at all really, so I won every single time, usually through unexpected chokes after initially looking like I was losing, and Jordan was highly amused by this fact. It was comical to him when someone who didn’t know me was there, and he’d be like, “hey, you should spar with Squeaks here, she’s nice.”

The more that I would fight the same person over time, however, the closer the fight would be, because they were way stronger and would learn to avoid the easy traps. Anyone who knows the game of chess probably knows “Fool’s Mate”, which is the quickest way to checkmate someone in a few moves by immediately getting the queen into position near the opponent's king through their front line, backed up by a bishop. It’s one of those techniques that works once or twice against a newbie, and then they know how to avoid it. My initial chokes were kind of like that; I had a few tricks up my sleeve to win the first few times on easy mode against boys who didn’t know what they were doing. If they tried to take me down wrongly, they got insta-choked. Or, for example usually in my second fight against them, I would do the opposite and be super aggressive and go in and push them back, and then after a few seconds they would overpower me and push me back way harder, which I had anticipated and planned for from the start, and so as soon as their momentum shifted hard toward me I would instead immediately grab them and pull them *toward* me and to the ground with their own momentum, and then jump on their back and choke them out before they knew what the fuck just happened. But once they learned to avoid these certain common mistakes like “be careful about putting your neck under her arm if you try to take her down” or “don’t let her use your own momentum against yourself” or “just make sure to avoid her chokes at all cost because she’s not strong enough to submit you with an armbar or anything else”, then it would turn into a longer fight. And at that point they would be more cautious, and I would revert to kickboxing and relying on my speed and technique to just win with stamina and steadily out-hitting them, which was a longer grind. I would then try to avoid grappling them due to the strength difference.

After a couple years, the very last time I fought there before Jordan graduated from high school and we ended up going our separate ways, Jordan put a 200-pound black belt cousin of his in there and was like, “you should fight Squeaks, I think you’ll be the one to finally take her out but trust me it won’t be as easy as you think, and she’s also a black belt, and be careful of her chokes”. We were of similar age and training, but this guy was 75% heavier and a half a foot taller, so this was by all accounts an absolute non-starter of a match. Jordan asked me if I wanted to fight, and I was like, “Sure, why not. I’ll lose this time, but it’ll be fun. At least we have gloves on, lol.”

So, we get into the yard and this guy starts utterly beating the shit out of me every bit as thoroughly as one would expect. Jordan had told him that despite appearances to the contrary, not to hold back, that I had never once lost here before after several fights, and this guy indeed took Jordan’s advice seriously and didn’t play the over-confident routine. He had fought many opponents of many sizes in his training and knew not to underestimate people, and he just wanted to win from the start and treated me as though I was his equal. I got slammed all over the place. I was throwing punches back, but barely. Eventually I was dropped on my back, and before I could get up, he kept coming for me to punch me while I was down. But I rolled and flipped backward and got back to my feet, eyes wide in desperation. He came to me again and kept slamming me over and over. I blocked most of his hits, but the sheer power of his hits made my own elbows dig into my ribs and cause damage. He eventually got over me and started wailing on me over and over, and I couldn’t really go anywhere, like he was looming over me and had me trapped from multiple sides and I couldn’t even really back up. I was focused entirely on defense, because all of his hits had knockout potential against me and I couldn’t let any one hit my head clean, and I couldn’t last long like this. One false move and I’d be literally unconscious. My goal at this point was just like, don't lose teeth or get knocked out.

But after he failed to drop me with those initial barrages, he got more open, more aggressive, more comfortable. He punched me over and over on my forearms, harder and harder, letting his guard down to generate more power, trying to finally end the fight by just breaking through my defenses.

And then, amid my beatings, I saw a brief opening. In his comfort, he started focusing too much on damage and not enough on defense. Between his punches, I regained composure, and I did an all-out full-body hook punch right on the deep side of his jaw. I put every ounce of technique and twisting all my body weight I had into it, and it came out of nowhere from his perspective. He stumbled back from that one hit, dizzy, and sat down on the grass, unable to focus his eyesight. I stopped and looked at Jordan. Jordan asked if he could continue, and he shook his head no, unable to speak. Jordan and me looked at each other like “O_O” and Jordan was like, “holy shit, Squeaks wins.”

But it was a fragile victory in many aspects. I had way more bodily damage than my opponent did. In a half hour he was fine, whereas I was hurt for the next week. My ribs were utterly black and blue the next day; he had hit me so hard and so repeatedly before he got KO’d, that even when blocking his hits, my *own elbows* had repeatedly jammed into my ribs and caused bruises as he pounded my defensive forearms. And my forearms and shoulders were black and blue from taking so many direct hits. Both of us were chilling and playing Playstation 2 with Jordan the next day and I was the one that was injured, not him, even though I had technically won the fight. It became a funny joke among us. All I had done was avoid a knockout, gradually lose on all metrics throughout the course of the fight, but then win it all with one strategic haymaker hook punch after he let his guard down.

He asked, “Want to do a rematch?” I said, “Maybe give me a week to recover first, holy shit.” But by that time he wasn’t around anymore, and the rematch never happened. Likely he would have won, so that was for the best.

My experiences with Jordan and his friends in middle school and high school were some of the most defining for me in my malleable years. My mathletes team for example didn’t teach me shit in comparison to what Jordan did. Jordan was a significant influence on my hobbies and cultural influences for years to come, built my confidence in a real-world setting, and was a good friend.

Thank you for sharing. Great story, and I will remember to never fight you!

I fear a 6102 attack because I didn't know about the danger of KYC until recently. They will get lists from the exchanges and dispatch goons to collect. Not sure what to do then other than to flee the US, but don't have a another location ready.