Seeing Twitter turn into X is a little like seeing your kid hanging out with the wrong crowd and slowly slip out of control. You only hope it all works out in the end. Glad Nostr is here!
Enjoyed the episode. I wonder how long until YT pulls it down. Dave made sure to check all the boxes required to be taken down (only one is required, about 10 we’re checked).
I'm not interested in politics but I do think what Mr. Kennedy is saying in this clip is important.
"The first amendment was not written for easy speech, it was written for the speech that nobody likes you for."
I think when people hear the word "inflation", they either tune out or don't understand how evil it is. Evil because it's a hidden tax. Hidden because it's easier to inflate than raise taxes which is politically harmful. Your money is worth less over time because of inflation.
FOMC inflation target is 2% per year, which actually upset Paul Volcker many years back because it cuts the purchasing power of a generation in half. Example: $100K in cash, in about 35 years is worth $50K. If inflation rises to 10%, $100K is worth $50K in only 7 years.
People with no hard assets/quality stocks/passive cash flow, will be working for most of their lives. How do you beat inflation? Increase your earnings (be the best at what you do) and own quality cash flowing businesses. Consider saving in bitcoin and (some) gold. #BTC
Cherry on top. Here's what Warren Buffett had to say in his 2022 meeting: "Inflation swindles the bond investor... swindles the person who keeps their cash under their mattress, it swindles almost everybody". And an older video with Buffett on inflation:
I was raised to have low or no debt. Historically that made sense. The last decade taught us debt gets you to the next level, with low interest rates and easy money. What will the next decade bring? I still think sound money principles win in the long run.
Appreciate the things you have. Get the things you need. Worry less about what you want. Forget the rest.
How close is a quantum attack? Seems to me the most vulnerable part of bitcoin is an actor with quantum power able to drain small accounts. No one would notice and it would be in the attackers best interest. Lost accounts would be blamed for poorly storing their seed or installing bad software.
Do you think Michael Saylor’s ‘orange check’ plan would work better on Nostr? Seems like a better fit here.
https://twitter.com/saylor/status/1478124645563916288?s=46&t=c0PpAMz1vsG-WbE67v9haw
https://twitter.com/saylor/status/1526281351628050432?s=46&t=c0PpAMz1vsG-WbE67v9haw
Michael Saylor’s ‘orange check’ suggestion a while back might be the better solution?
Would it start with merchants starting to accept BTC? Seems like one of the few legit ways this comes to happen.
You did a good job. I watched his WBD interview a few times and I feel like he’s 70 percent there in getting his idea across. Not sure if nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx could have let him finish explaining his thoughts, or if it was just an incomplete thesis. His perspective is interesting nonetheless.