Bitcoin is no longer legal tender in El Salvador

GM.

Fuck. The. System.

a bit of natural trade dynamics and interests.

After all, unless they are big market movers, the price for the commodity is relative to the market demand/supply.

It's the insurance on transport that adds the cost.

interests can create things like "the Houthi's" or "ISIS" or "Al Queda" to spike insurance premiums on war routing etc. that's where the money is really made.

yeah always the case, but Africa adds no value to the product, it's raw extraction too. Saw some logs being transported over the weekend, at least we could add value by chipping and then shipping? but nope, send the raw resource for cheaper.

well I mean nothing wrong with mutual research, for example, most if not all AI papers are written by Chinese people

nah, I actually cycled out of Uranium - out of my depth. What was it?

yeah 100% the case - lot's of fuckery out here in the bush, but there's a net-positive exchange with the Chinese than there has been with the West. China's consumption rate of raw materials needs Africa to be receptive to it. Even if it means building airports or harbours and highways and stuff just to get the resources out easier....

France was only kicked out last year from Mali. Can you imagine, I think they've been there for 400 something years just extracting gold and wealth from Mali to prop their economy and society. No wonder France is so black these days.

The US was funding covid research in Wuhan. that's why they are so hush hush about it because politically they need China to be an enemy, meanwhile in almost all fields there is collaboration and competition, funding flows BOTH ways.

Nothing wrong with this either, shared research on coronavirus helps the world, but when you both fuck up it's easier to blame the ones who have the facilities than the ones who funded the research.

China is building and trading. The west does fuck all and just extracts. There's a huge difference there that can be materially seen.

That's why Africa leans towards the East, there's mutually agreed trade, like there was 1000 years ago, prior to Western colonialism.

Europe has none of these resources but demand for these resources are so high they NEED to do it to survive. That is why, for the past 500 years, Africa, and the DRC in particular, has failed to develop substantially as one of the wealthiest nations in the world.

Anyway, the boys are going to Europe to collect, so IDK?

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M23 rebels obviously funded by the Russians - especially ex-military who are doing gun runs in the bush in return for precious stones, gold or rare earths.

It's always been a weird exchange, Russia has vast resources, untapped and unmeasured, yet they are here providing arms to locals to defend their resources, in exchange for resources.

The State is an institution that is based on coercion and exploitation, and its primary function is to protect the rich and powerful at the expense of the poor and weak

Murray N. Rothbard

#grownostr #freedom #quotes

🍿🍿🍿🍿🍿🍿

Either Powell cuts rates & bends the knee or get ready for a full court press from Trump & his team to annihilate Powell.

Yum yum. Popcorn good. 👍

I would argue Bitcoin is the only money that's ever existed that's NOT built on abstract rules (gold requires unpegged abstract paper units to make it salable at scale).

Encrypted energy is at its core which anchors it to the laws of physical reality.

The cc gets paid with strike bill pay, which acts as a bank providing the acct and routing in order to pay the cc off using btc held in strike.

Its not the ideal btc standard, it is kyc, there is counterparts risk. But it is near impossible to spend btc when Noone takes it for payment here. And I'm not waiting for the world to adopt it.

So we meet half way until I can and I use centralized services as a stepping stone.

Pura Vida from Costa Rica. This place has special memories for me in some of the HRF events and the beginnings of #nostr