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Chris Krause
a37183789c37348853b6ae7e4fb8c241b98313406ee225fd3bff1c91fa6ae16e
Part of the human family. Cyber hornet. Filling up my memepool.

nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsm7nldy wrote in July 2024:

'It's nice that politicians are pandering to bitcoiners, but promises are cheap. There is a major insurmountable obstacle to the US govt buying bitcoin: The US govt does NOT own or control the US Federal Reserve, which is a cartel of private banks. The US President can't just tell this cartel what to do with their reserves. The US dollar is the sacred cow of this cartel, and it's how they rob the entire planet. They're not about to give up this racket because some politician made a promise whose implications he doesn't understand. They're not going to buy a million bitcoins, because a commitment to purchase bitcoin will just encourage everyone to dump their dollars and buy bitcoin, and destroy the value of the dollar and their ability to rob the world with it. If you think they managed to build this century-old cartel while being stupid enough to fall for this or powerless enough to stop it, you're going to be disappointed to find out they're actually just evil.

But can't the US government buy bitcoin itself, without the Fed? With whose money exactly? The US government is fiscally irresponsible and its biggest expense is debt servicing. There are good reasons your irresponsible debt slave friends never get bitcoin and keep laughing at you when you bring it up. Irresponsible high time preference people and institutions don't understand the concept of long term savings. More importantly, the US government needs the Fed to buy its debt and keep its Treasury ponzi going. Buying bitcoin in spite of the Fed's opposition is a full-on declaration of war by the US government against the Fed and the fiat dollar, and that's just not something that Trump, or Kennedy, is up for. Trump has repeatedly praised the Fed. Kennedy wants to implement some ridiculous low interest rate subsidized home lending scheme only possible with the Fed creating cheap money. These men are not Andrew Jackson, nor are they even trying to be him.

The real enemy of bitcoin, and humanity, is the Fed. The US government is just its tool, and politicians are interchangeable actors that haven't mattered in decades. You're not going to destroy the Fed by promising to vote for one actor over another. Your only chance of destroying it is for bitcoin to grow larger than the dollar and Treasury bonds, and for dollar users to continue to get impoverished into oblivion while bitcoiners thrive with their superior technology. I humbly suggest you not waste time and sats on the politics circus, and work hard to stack sats instead."

https://x.com/saifedean/status/1818274910772306297

And especially when you don't know where you're going. 😂

"Politics is a take and take."

That would be one of the best benchmarks. I believe the BTC/Gold ATH was back in 2021?

Wasn't then about 105.400? We had two times above 106.000.

But does it really matter?

Replying to Avatar Saygi

GM

Go unslave yourself!

What a haunting picture!

I mostly use Wallet of Satoshi.

Sometimes I use primal, its built-in wallet works nice (also easy to NWC for other clients).

I once tried strike, which also works flawless.

I couldn't agree with you more. 💯

Replying to Avatar Scoundrel

Moving closer to the gravitating object is what turns the potential energy into all its other forms. Where do you think all the energy comes from to ignite fusion within stars? A shit ton of tiny gravitating objects all move closer to a shit ton of other tiny gravitating objects. Bam, suddenly every single one of these little particles has accumulated enough momentum to shear right through an atom's electric field and smash it straight in the nucleons. Ouch!

Take another look at Newton's law of universal gravitation my friend. Do you see that distance squared on the divisor side? Do you know what happens when the bottom part of a fraction when it goes to zero? Many calculators will just say Err, but they are just trying to hide the truth. It blows up to infinity. (Technically negative infinity is also possible depending on the equation and depending on how you approch zero, but that's not applicable here.)

That's right, a singularity has existed in the equation for gravity since the very moment that Newton invented it and things started falling to Earth. Theoretical physicistspiss their pants and faff about the infinite curvature that was Einstein's contribution to gravity, but a similar singularity in the form of infinite gravitational potential energy has always existed right there in the equation.

If pay attention in physics class then you might see that gravitational potential energy is always represented as negative. That's because just by existing in a world with gravity, we stand at the edge of a cliff with infinite gravitational potential energy, and it's a lot easier to play funny tricks like saying that potential energy can just go below zero than it is to work with the reality that any amount of potential energy we could ever save up would only ever amount to going from infinity to infinity plus one.

All gravitating objects have this singularity. The only reason the universe doesn't explode every time I reach for my stapler is pesky little details like atomic forces, the centrifugal pseudoforce, and fact that objects have a size. Rats, there goes my plan to generate infinite energy for society by repeatedly dropping them closer and closer to a point-mass.

Does that answer your questions?

That's amazing! 🤯

Replying to Avatar TBone

GN

🤙

Is this a real photograph?

If your boat is younger than Bitcoin, you're not stacking hard enough.

It is. But now I'm curious as to why exactly you wrote this note?