I'll have to check this out more thoroughly. I don't think we've been claiming lending won't happen in Bitcoin, but that lending would be rebalanced.
I wrote a piece on this here:
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This is an initial go at the subject, but I think it's a good start.
Precisely. If an asset maintains its value, charging 10-20% APY is ridiculous, and credit cards are often something like 28%!
There's an argument to be made that a small interest would not be usury, like 500ppm~2% annual, but the point is that the need for the double digit interest only exists in depreciating fiat systems.
Let's hope and pray not.
I'm usually one to shop for performance per dollar, and AMD has been the consistent winner on that front. AMD laptops are less common, so I haven't always had the option to exercise my preference.
My father just started working for AMD recently as well, but I don't think that has caused me bias. (Considering he was at Apple for a good while, and I never stopped hating Apple, I think I remain pretty principled.)
This will only last so long. The euro versus tangible goods will crash. You can't print bread and meat. Work is necessary to produce, and people will starve if they keep giving out cash until and unless they ditch fiat for hard money.
Because it's more expensive to dig (especially when you hit rock after just 4" of soil) and people haven't yet seen the benefit.
I grew up in Texas, and we have a similar thing here in Missouri. It is just too dang hot and humid in the summer. Tapping into the geothermal sink would be great; it just has a big up-front cost to it.
How much would saving $300-400/mo at peak (maybe $1.5-2k/yr) be worth up front? $5k? $10k? $20k? $50k?
It's a matter of ROI for that dig.
Usury is wrong and always has been. We've fooled ourselves by making exception for the depreciating asset called fiat currency. No one will lend hard money for decades.
Just wait until there's nearly no more stuff being made (esp food), and those who can still make it will start making bank...in Bitcoin, not Euros, cuz that ship's sailed.
(Not only senile but the mentally incompetent too)
this is a perfect example of why voting harder or smarter will not fix the current system
https://cdn.nostr.build/p/DWGv.mp4
this is how the $2.2 trillion CARES act passed the US senate in March 27 2020
I had no idea this is how the CARES act was passed 🤦 we must take back our own power from the tyrants, and this is the power to communicate and transact with each other freely without facilitators which can be compromised. Then, they'll need to come to us to use our money and use our communication channels.
Excellent! It is so close to home for us. Finally, proof of what we've been saying. Digital fiat currency is a tool for tyranny. Sure, it has conveniences, and it is basically unavoidable, but we have an alternative toward which I feel compelled to encourage others to investigate and study for themselves. The negative trend in freedom on the west is rapid since 2015, and accelerating since 2020, with no end in sight, save for those who opt out of the regime.
The only way to opt out of their game is to stop using their game pieces. Bitcoin is the only alternative to fiat that does not sacrifice the ability to transmit over distances.
Republished my 'Considering Bitcoin' article via habla. Check it out!
nostr:naddr1qqxnzd3exv6rxdfnxc6rzv33qgsf5jkdawtc2e0zwjgdefjus05lv469atkpmxsyqkjj6xvvzjyezwcrqsqqqa28fhhvzp
no. I remembered why ( i used to work at monstercat)
https://www.reddit.com/r/Monstercat/comments/1qs9z8/monstercat_was_almost_named_velocilobster_glad/
Oh! Cool deal. I've been a listener to monstercat for quite awhile.
So no grammatical or inconvenient vocabulary differences? I was just a little worried about that.
I pray the rosary in Latin usually as well! (Unless in a group) We'll go to a Latin Mass up in St Louis about once per month. Cool to meet another Latin lover in the wild 🤙
I may still object to the object of love being the money and not what it represents or for whom it is earned. I understand loving some intermediary, but only insofar as it is properly understood as an intermediary and not the ultimate object of said love.
To illustrate, I love food, not as the ultimate object of love as if I were to serve it but insofar as it brings pleasure and sustenance to me and those whom I love. In this sense I have no objection to what you say.