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James A Lewis
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Husband, father, #Catholic #Christian, Amateur Philosopher, Bitcoiner, freedom lover, word nerd #dadstr

For me, the principle of politics is in its root as a word: "polis" means city, and politics is *supposed to be* the art of living well in community. We ought to discuss how to live well together, but the conversation deteriorates into us vs them and infighting over less meaningful details.

> Principles is a word I associate more with beliefs than politics

Exactly. That's the problem. No one thinks about the important truths anymore. Instead, they're thinking about getting one over on the other guys.

I'm principled too. It's why and how I vote. I wish others did too.

I do politic, but only when it comes to principles. I'm not too fond of personalities, and I do enjoy the battle of ideas and philosophies. Personalities are necessary to implement those ideas and philosophies, but that is somewhat secondary. Too bad much of politics is just boisterousness and mud slinging.

Pretty sure Ramaswamy is a Bitcoin friendly anti-FED. The more he talks the more I like him.

Not sure if he's identified fractional reserve lending as an evil yet, but he's asking the right questions.

Just realized the psudopalindromatic nature of X Spaces and SpaceX. There's a pun sitting in there, just waiting for me to find it.

He's supposedly the pontiff who cares most for the poor and outcast, but he instead casts out the faithful and enables those who harm the poor.

That's exactly what it is when the printer turns on. Currency is information, records of good done in essence. They the "money" printers create ex-nihilo new records that say "I'm valuable by {X} amount", and that value isn't created but borrowed by those who do create value via the other fungible records with no consent nor compensation. "Borrowing" without consent is theft. That stolen value is used, and the new number of records dilutes the pre-existing ones, then damaging the value of those assets in the future. It is actually, mathematically, no different than lowering everyone's accounts by x% and their wages likewise.

💯 don't wait. Just get married, have kids, start the business, live life, and love your family

*No one's going to follow [spam] accounts

Except for spammers, obviously. An FDoS2+ account may be ignored/pruned if the follow list is too great (1k+ reduced weight, 10k+ fully pruned), since those won't be authentic follows.

Mutual follows get greater weight with some diminishing returns. This will prioritize your interests, or rather that of those you follow.

The social graph could be mapped client-end in a cache for FDoS <5, ignoring lists of greater than 10k, and stopping at lists of 1k**.

Hourly, trending for FDoS 2

Daily, trending for FDoS 3

Weekly, trending for FDoS 4

Biweekly, trending for FDoS 5

**(You follow B, B follows C¹ & C² & C³ & ... & C¹⁰⁰¹, don't look through Cⁿ's follows)

New client-end locally run algos based on follows, follows' follows (following degrees of separation, FDoS), etc. are needed. No one's going to follow speak accounts, so they'll only be in direct contact, just ignored for those with FDoS 2+.

"Trending" can't be global. It just won't work long term for the reason you just put forth. "Trending" needs to be FDoS 4-, maybe even inversely scaled somehow for the FDoS.

Replying to Avatar James A Lewis

#gm

Argentina will likely go through a hyperinflationary event soon. Our pontiff is an Argentinean. Although he has not even visited his home in the ten years of his reign, I am hoping that this event at a minimum catches his attention.

I believe the Church should condemned fiat currency as a lie and theft of the highest degree. Fiat is a tool for mass slavery of a citizenry by their government.

Nicole Oresme, 1325-1382AD, wrote a treatise on money called 'De Moneta' or 'The Mint'. In it he condemns altering money and profiting from said changes, which is identical to printing fiat. Just read the titles of chapters XV-XVIII.

Can we not say that removing the backing of the USD by gold is exactly what Oresme condemns in chapters VII-XIV?

"""

VIII On Alterations in Coinage in general

IX Change of Form

X Change of Ratio

XI Change of Name

XII Change of Weight

XIII Change of Material

"""

Money, at its essence, is information, a record or account of good done to one another. Gold was a really good money, as it does not decay, is difficult to fake, is measurable and somewhat divisible, but it does not transport well. To represent gold paper money was used, but gold was the actual money, not the paper. Paper was the currency of the money, the form in which it is exchanged*.

By removing the backing of the dollar, the information of good one does for others ceased to be represented in gold and became instead a fiat, a dictation of the government which only says "I'm worth a dollar". This was and still is a theft of the largest magnitude, an entire nations earnings and savings in the currency robbed of them.

This grave sin was orders of magnitude worse than what only might have been committed by the inspiration of Oresme's treatise, a French king who inquired with Oresme about the ethical nature of modifying the money of his subjects. He might have stolen a small portion of the money from his people, but our governments today have stolen much more.

In addition to this, the governments now allow local banks to commit similar theft worse than usury in the form of fractional reserve lending. This further multiplies the available currency another order of magnitude, and possibly more than one after it compounds, and further robs the citizens of their former wealth.

We ought to implore the Church to condemn fiat currencies and fractional reserve lending as fraudulent, a grave sin committed upon a people.

In the meantime, a solution must be pursued, which I believe to be Bitcoin. It is not a fiat currency, because it relies not on an authority to lend value to it, but derives it's value directly from a society's desire for it. It is very difficult to create, highly liquid and divisible, has no decay, and will maintain its value.

The De Moneta of Nicholas Oresme and English Mint Documents, PDF and epub here:

https://mises.org/library/de-moneta-nicholas-oresme-and-english-mint-documents

*Along this line, #BTCLN is the currency of #BTC. It is backed 1:1 and thus good. This not to condemn representative currency, just debasing it or altering the form.

#Catholic #Christian #fiat #Bitcoin #argentina #popeFrancis #CB #lightningNetwork

Nothing new under the sun. Tyrants have always sought to take advantage of their subjects via financial means, including fraud, which is exactly what fiat currency is.

Fiat currency constitutes fraud because it calls a *de fide* pronouncement of an authority as actually valuable and necessitates the continued fraud of printing ever more of said currency, which is theft from its holders and users. The government not only steals a portion of today's value, such as in undue taxation, but the value of every day to follow as well.

#fiat #money #philosophy

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