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Bitcoin Sikho
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बिटकॉइन सीखो - ਬਿਟਕੋਇਨ ਸਿੱਖੋ Learn Bitcoin basics in Hindi, Punjabi and other desi languages. Episodes are now live, watch them on YouTube or you can listen to them on Spotify, apple podcast and other podcast platforms. https://youtube.com/@bitcoinsikho

Wait till you see a guy trying to recreate some of the old stone structures. This guy is mixing wood ash and water glass ( not heard of it before) and mixes them and pours into molds, they turn solid after curing.

So he’s trying to say that these stones structures were made by taking the raw materials and moulding them at site (pyramids, Inca sites and the 🗿)

Replying to Avatar Michael Matulef

In capitalism, the person who owns a resource can also control what is done with it. In a socialized economy, this isn't true because there is no longer any owner. Nonetheless the problem of control remains. Who is going to decide what is to be done with what? Under socialism, there is only one way: people settle their disagreements over the control of property by superimposing one will upon another. As long as there are differences, people will settle them through political means.

If people want to improve their income under socialism they have to move toward a more highly valued position in the hierarchy of caretakers. That takes political talent.

Under such a system, people will have to spend less time and effort developing their productive skills and more time and effort improving their political talents.

As people shift out of their roles as producers and users of resources, we find that their personalities change. They no longer cultivate the ability to anticipate situations of scarcity to take up productive opportunities, to be aware of technological possibilities, to anticipate changes in consumer demand, and to develop strategies of marketing. They no longer have to be able to initiate, to work, and to respond to the needs of others.

Instead, people develop the ability to assemble public support for their own position and opinion through means of persuasion, demagoguery, and intrigue, through promises, bribes, and threats. Different people rise to the top under socialism than under capitalism. The higher on the socialist hierarchy you look, the more you will find people who are too incompetent to do the job they are supposed to do. It is no hindrance in a caretaker politician's career to be dumb, indolent, inefficient, and uncaring. He only needs superior political skills. This too contributes to the impoverishment of society.

https://mises.org/mises-wire/why-politicians-win-and-workers-lose-under-socialism

The writer points out the ills of the communist ideology and he also notes that capitalism isn’t perfect either as there is misallocation of resources and the inferior quality of products and services.

I wasn’t a big fan of them but my parents loved it, maybe you’ll like it too

*The Rare Sat Lie*

Let's start with some facts.

You cannot own a satoshi (sat). You can only own a utxo, who's value is measured in sats. Just like you cannot own a "kilogram" but you can own something which weights a kilogram.

The idea that a sat can be rare is a lie, since sats don't exist.

A utxo also cannot be sold, because as soon as it is spent, a completely new utxo is created, and the creation of this new utxo makes the previous utxo (which you wanted to sell) spent. To act of spending "an unspent transaction output" (UTXO) transforms it into something fundamentally different, a "spent transaction output" (STXO) and creates a new UTXO.

The idea that a utxo can be sold is a lie, since even utxos cannot be sold.

The idea that a rare sat from a "special" utxo can be bought is thus a double lie.

*Rare Sat Sophistry*

The conmen, the useful idiots and the otherwise honest but contrarian pundits will rationalize the spreading of the "Rare Sat Lie" with sophistry and appeals to libertarian morality such as "it's a free market, people can believe whatever they want and waste their money however they wish".

Of course, this line of reasoning is meant to create strawmen arguments so that every person that is righteously indignated at the spreading of these lies can be painted as being opposed to the concept of individual freedon itself, which immediately places the TruthSeeker's outrage outside of the Overton Window (and subject to ridicule).

Let us dispell the strawman argument.

The "market" (a small niche of degenerate gamblers) can want whatever it wants, yes. But it till cannot change the reality that individual satoshis (sats) do not exist as "things" or virtual objects. This reality is not subjective.

The sophists will also rationalize that "it cannot be stopped" and thus all you can do is "cry harder" (ironic eh?) and that any and all attempts to combat the lies are futile (at best) or stupid.

It may be true all the truthseeker can do is cry and shout, but it is also true that to combat the spreading of such lies is a virtuous and noble pursuit. And it is also true that the direct result of the shouting can be to save a victim from otherwise being conned. Which is, we would all agree I hope, a moral good, if not a moral imperative.

People are free to spread the lie that such things ("rare" "sats") are real, and fraudulently sell utxos of low value presented as "rare" "sats" for utxos of higher value, but to do so by exploiting the ignorance of people and confusion around the complex technology of Bitcoin is evil according to nearly almost moral code that ancient and modern civilizations have produced.

I am the last person that would deny someone the right to be evil. But I believe if you see a fraud and you don't call out the fraud then you too are a fraud.

So, the strawman is really just straw.

*The Rare Sat Con*

Beyond it being morally bad to spread lies generally, the spreading of the lie also occurs within the context of textbook confidence trick.

Confidence tricks involve :

- the mark: the victims whose money is to be acquired fraudulently

- the roper: reels in the mark via exposure and marketing, peaking the curiosity of the mark (i.e. a conference or media organization)

- the inside man: provides a venue for the con to take place, or supplies goods and services used in the context of the scam (a mining pool or a marketplace)

- the conman: gains the confidence of the mark extracts the money (the seller of a rare sat)

- the convincer: an acolyte of the conman which gives a taste of the profits to the mark either by investing in the mark, or showing off his profits to the mark (a fellow rare sat trader)

The conman and the convincer can interchange roles. For example, conmen and convincers can publicly con each other repeatedly and alternatively, with gains and losses which compensate, with the tacit understanding that the goal is really to gain the confidence of a mark from which both convincer and conman can extract money from.

Everyone except benefits in this zero sum game, except obviously the mark.

In the end, the mark was never forced to give up his money. He willingly parted ways with his funds, deceived by the confidence trick.

Selling "rare sats" for utxos of higher sat value is without doubt a confidence trick.

I will let it up to your imagination who you think plays which role in the rare sat con.

The degens need a new hype a new narrative to part their sats and rare sats fits the bill

Based on what I see about their returns on retirement investments, they are right, you will eat in, won’t drive and won’t go anywhere if you were one of their customers, as it looks like their plan isn’t beating inflation

#hopeimreadingthechartscorrectly

This is just so common these days in the part of the world where I live, the skies are not safe

I got some sun through the beautiful chemtrail clouds, hope it counts

Replying to Avatar nym

Did you create this and all the other pics on your timeline?

They are so cool.