All healthy societies do this. The notion of being concerned with things beyond one’s lifetime is innately human. Humans are hardwired to build societies, and the most ambitious humans have always sought to build lasting monuments and modes of living. That’s not possible unless people work toward a future they will not enjoy themselves.

This was especially true for our ancient primitive ancestors, who lived very short and difficult lives. We can imagine how much they wanted to have lasting forms of sustenance: food, water, clothing, shelter — instead of having to produce that sustenance day after day.

In fact, this trait perhaps more than any other is the hallmark of civilization. We can call it many things, but we might just say healthy societies create capital. They consume less than they produce. This capital accumulation creates an upward spiral that increases investment and productivity, making the future richer and brighter. Capital accumulation made it possible for human populations to develop beyond subsistence misery. It made the agricultural, industrial, and digital revolutions possible.

Most people don't realize the significance of a Spot #Bitcoin  ETF...

good morning nostr, freedom tech is hope 🫡

It's been always like this. Remember WWII when people thought the jews were being deported instead of gassed? 95% of Germans cannot think for themselves.

Every EUR you have and don't need to cover your cost of living is a EUR you shouldn't own. Meanwhile in Germany, people financing another car, another mortgage, another purchase on Amazon. They're broke already, they just don't know it yet.

After moving back to Germany I wondered why there is jobs literally everywhere and today I finally understand. It's Germany's universal income called #Bürgergeld.

Breakdown:

A professional painter earns approx. €2,100 after tax. If they get child support that's about €2,500.

A family with two children claiming Bürgergeld plus child support plus rent support receives €2,700. Why would anyone go and work for +160 hours/month to receive over €200 less? This system is as broken as it gets!

ICE 🚄 Train, Germany 🇩🇪

The date is correct; Australia really went psycho with covid.

Don't confuse Protocols with Clients.

Bitcoin is a protocol, Wallets are clients.

Nostr is a protocol, Primal/Damus are clients.

clients don't need to be open, or honest, or benign.

Because open protocols allow for users to move with their data/id to other clients.

Don't like a wallet, move your seed.

Don't like a client, move your nsec.

Bitching at clients is a waste of time.

Build the competing clients is a lot more productive.

Just finished teaching a class of 8 years old about the evolution of money

We started with a simple question, what is money?

The answers I get from these kids are pretty cool.

"It's something you use to buy things with"

"It's a medium of exchange"

"It's used in trades"

"It's made of paper and paper is made from trees."

"It's made if a special kind of paper that only the government can use."

Moving on, we did a lot of tole playing through the ages.

Starting off with bartering, childrens were asked to keep track of all the different exchange rates for each items from each seller/buyer.

Then we changed to seashells, childrens were using bags of seashells to buy stuff they want. But it's a bit cumbersome.

So we move on to gold nuggers, the the verification and measurement process takes a lot of time.

To help speed up trades childrens have the option to turn their gold nuggets into gold (chocolate) coins at the mint.

But then commerce grew and now the whole country is trading and transporting gold coins can be too risky.

So the mint, now a bank, offers paper money in exchange for gold coins. Only kids holding paper money can travel from their table to buy stuff from other tables. (I imposed a bit if a travel rule here)

But then I stepped in and offer to buy the goods at a higher price, but I don't have any money so I borrowed gold coins from the bank and exchanged my coins for paper money.

I was able to buy up all the cool toys, the seller became rich and I resell them at higher prices.

Kids who wants to compete are forced to also take out loans, leading to the bank printing more money.

The room is swimming in money.

Then I pose the question.

"Why do these paper money have value?"

"Do you think the bank have enough gold to cover all these paper money?"

To my surprise, this sparked a bank run. And only a few kids were able to redeem their chocolate gold coins.

The rich scalpers were left holding a bunch of worthless paper money.

And thus concludes the lesson.

That there is a difference between money and credit, and when shit hits the fan, it's always better to hold the harder and more liquid asset. And that banks and government should not be trusted just for convenience.

📢 We interrupt your regularly scheduled decentralization to bring you this important announcement:

#Nodestrich has onboarded its 300th node! We started this group 7 months ago as an experiment to find noderunners on #nostr and build a community of teachers and learners to help anyone who wants to run a node get off the ground.

In that time, we’ve become one of the fastest-growing communities, rising to the 7th rank on the #[0] leaderboard.

If you’re even thinking of getting started on running a node, we’d love to welcome you to join us.

You can find the links to our Telegram and Amboss groups in the #[1] profile.

LFG! 🔥