That’s inspiring that you got the all clear. Thanks for sharing your story. Not sure if you’ve seen but lots of people post their #proofof walk in nostr (step count for the day) to encourage each other to walk and keep us accountable mostly to ourselves, lol. Might be something your interested in.
I enjoy sports, self development, learning (podcasts/books) and being a dad.
I see bitcoin as truth in money, been around it for years now. I try to drift away, but it keeps pulling me back in lol.
I just started playing pickle ball, it’s not just for the grey hairs I tell ya.. Lots of running, cross between tennis and ping pong.
Legs sore today 😂
Lol, I hear ya. What hobbies you in to?
Hashrate is going bonkers.
Interesting. In the book I recently listened to by David Sinclair "Lifespan" UV is always there to get ya. 10 minutes a day is sufficient and more will eventually kill ya. Im shooting for living healthfully as long as I can which means thinking twice before hitting the outside. I also dont sit under the UV lamp at my work for what it matters 😂. I got a sweet sun hat and try to wear long sleeves when I can 🤔 but it doesnt trump looking cool usually 😔 https://shapeflexer.com/
My approach, in moderation. Depends on exposure time, time of day and type of skin.
From this all else spawns.
You guys kiteboarders?
Phase transitions came to humanity when 1 or 2 of limited energy, limited storage limited compute change. For ex. printing press - increase storage
We are on an never ending journey to find more energy, more storage and more compute, when we find these things society expands.
Is AI going to be one of the big advancement in humanity? Standing on the shoulders of many inventions/discoveries before it. Possibly, this is why we need a way to capture these productivity gains and allow them to flow to the masses or watch the world centralize in power, wealth and control.
Storage is moving into computers and is computing and learning on its own at a faster and faster rate with more and more storage (information layers).
We will merge with machines. The next evolution to humanoid. The singularity?
Can AI, bitcoin allow abundance to be had by all? Should we not live in a world where our needs are met and we have an abundance of everything, if indeed AI will drive marginal cost of production to zero, abundant energy sources and a deflationary currency?
Stopping prices from falling is saying centralize all power.
We have financial regulation to protect your from a system designed to steal from you... silly
How could that go wrong?? lol
Pete: What does this all look like?
We have to infer what it would look like because we haven't lived in this new system.. A true paradigm shift.
This new world works exactly the opposite of the system we are in now.
Work less to gain more.
Just as wages are sticky in an inflationary system, wages are sticky in a deflationary world as well and won’t fall as fast as prices are falling.
Massive transfer of wealth back to productive members of society.
In this deflationary world people will be able to live on less and less and less forever.
We don’t pay for the oxygen we breathe because it’s abundant, but we pay for it in space and underwater because the marginal cost of production is higher.
It’s hard to see or we can’t see that we are artificially creating that scarcity in everything else.. Natural order of things would drive more and more things to abundance.
We must intuit or imagine how this new world could look like? What would you do with your life if you only had to work 10hrs a week and had all your core needs met?
Could this possibly mean a new renaissance of human flourishing?
Tick tock next block…
Pete has property, cash, gold and btc.. decent strategy..
Have a barbell strategy. Why does Jeff say "you want some cash"?,and you want to keep some cash? (not sure if this is incase of collapse and at least you have some cash or to capitalize on deals when the system has a reset, or both).
The US is choosing who to save in the system. This game is a geopolitical game now and has been for a long time.
AI
General take on AI - General purpose AI that will be smarter than us. People either get scared by it or excited by it.
It will eventually take all jobs.
AI will merge with robots and every version of types of robots that will do what humans do now. For context I saw a video of a robot racking in a 600v breaker at my place of work recently.
marginal cost of production fall to zero = AI = Robots = loss of jobs
All human intelligence is, is error correction.
We error correct on the accomplishments of those that came before us. We stand on their shoulders and make things better.
We are limited energy, limited storage and limited compute.
We connect with each other bringing our limited energy, limited storage and limited compute creating an interconnected super computer.
We think about what the world could look like and we are constantly doing that all together and it is all connected through TRUST and MONEY.
What about broken money in a big city... do you still have the same innovation or is trust lost.
currency failure , less TRUST breaks the bond of the super computer.
(The Triffin dilemma, also known as Triffin paradox, refers to the conflict between the domestic and international monetary objectives that arise when a single currency, such as the U.S. dollar, serves as the global reserve currency. The dilemma was highlighted by economist Robert Triffin in the 1960s.
The main idea is that the country issuing the global reserve currency needs to supply enough of its currency to meet the international demand for reserves. However, in doing so, it often creates a large trade deficit, which can have negative consequences for its domestic economy.
In essence, the Triffin dilemma suggests that the country supplying the global reserve currency must balance the needs of its domestic economy with the demands of the international financial system. This dilemma can lead to challenges and imbalances in the global financial system.
Overall, the Triffin dilemma raises important questions about the sustainability and effectiveness of a single currency serving as the global reserve currency).
BTC is decentralized and secure - no institution needed it's a bearer asset in base layer, no rule changes. We’ve never had that - All models going forward are broken and are skewed now in some way.
All the existing system will be repriced into btc.
Don’t empower the existing system, take your energy, your vision to the new system and put more of your time there building the future you want to exist. Don’t be a hypocrite.
*Yes*
Debt has to accelerate..
Imagine running your personal finances at a loss in perpetuity- no Bueno
2 exponential patterns running opposite each other
Debt and productivity gains via tech….what could go wrong??
Debt ain’t stopping..job loss, productivity etc.
Jeff has mad stacks image.png
Is Jeff a gold bug? No.
Short term gold may work - BRICS nations. unlikely in the long term.
Most ppl don’t change even though it would be in their best interest and they have the most incentive to change. Change is challenging for humans.
USA is strip-mining the world
China's growth miracle was a debt miracle. And it’s coming due.
True measure of growth is productivity and prices falling.
Growth should be bringing prices down, its productivity, but again the current system can’t have that.
Technology is deflationary, deal with it! Lol
Inflationary system must steal those productivity gains to sustain itself. It concentrates to the few.
Everything in the world in our current system has counterpart risk except btc. This is very important and needs to be talked about more.
Digital bearer asset that is secure and decentralized with velocity at second layer.. yep
Reserve currency - something to make a debt based system work - I can create more monetary units - I’m winning - triffen dilemma ? Had to look this one up.
System is insolvent and we try to remain solvent within this system. * this is a system problem* We are a pawn in the game trying to do the best we can within it.
Incentive to be too big to fail - theft in the base layer of the economy.
We don’t get to vote for inflation. Theft? What else could you call it?
Assets maintain their value when monetary units go up ( inflation)
To the poor inflation is wage deflation and detrimental. The poor typically don’t have assets that will keep up with inflation as monetary units increase.
Pockets are being picked.
We call rent seekers the elite
We have to keep this system going or else it collapses… and it does..
To transition to a new system it requires a belief system change but that is hard. easier to think I’m doing the best I can in this system .
If you understand the game board you can see what will happen ( greatest game article/ price of tomorrow) what must happen? Negative flywheel effect?
Don’t give the existing system energy but create the world you want to see by putting your energy into that world. Great advice here.
100% inflation coming, Luke Gorman.
2 doors we can go through
Soft default
Hard default
Dystopian if we had a hard default.
WBD - Why Deflation is key to abundance with Jeff Booth
Published April 29, 2023
Length of podcast 1hr 7min
Must listen 9.8/10 nostriches
I really enjoyed this WBD podcast with Jeff Booth where he discusses the key role of deflation in creating abundance. He explains that prices naturally fall to the marginal cost of production over time, leading to entrepreneurs providing more and more value for less and less. However, our current monetary system attempts to prevent deflation by using debt and manipulation, which concentrates wealth and power at the top. This system is unsustainable, and a paradigm shift is needed. Below are my personal notes, comments and musings on this podcast.
Economic rule #1 - prices fall to the marginal cost of production. (On a long enough timeline) - the calculator app - race to the bottom- entrepreneurs driving more value for less and less and less etc.
Abundance in money creates scarcity everywhere else.
Bitcoin is stable 1btc=1btc , Bitcoin is going up in fiat terms but everything in price, forever will fall against Bitcoin.
See the world we are heading to not the one we are currently living - Wayne Gretzky was going to where the puck was going to be. Position yourself there and wait/ build/ educate.
Marginal cost of production everywhere is falling exponentially because of robotics/tech- it’s going to fall faster and faster as this plays out - this ain’t stopping, productivity drives marginal cost of production down and down.
Debt and manipulation in money is a response to that massive productivity gain that should be flowing to society as abundance in time/material, but It’s being stolen / concentrated at the top because it has to stop deflation. The debt/manipulation in money is a counterforce to deflation to keep the ball (system) in the air (functioning)
Deflation would cause a failure everywhere (banks)
Debt deflation
We live in an insolvent world but we pretend it’s solvent. (delusion)
#nostr
#plebchain
#deflation
#btc
Decision criteria for 2023
A: Is it fun?
B: Is it exciting?
C: Is it challenging?
A+B+C= ✅
#Nostr
#plebchain
Do your very best, disconnect from the outcome, repeat.
Cheat code for life.
