gm ☕️ 🇧🇷

Hi!

As I put more and more i put video content and stories together

the more i'm like man, this 40 minute interview segment with an interesting personality of which i used ONLY 3 minutes could also be a podcast.

So.

🙋‍♂️ Would you listen?

It would be a bit behind the scenes, a tad investigative, and with Bitcoiners you DONT know.

Because i cannot do a Nostr poll (or i don't know how), let's try this:

- ZAP for YES

- LIKE for NO.

COMMENT for... comments 😇

(you can zap like 1 sat, no stress —I'm not begging here sorry! ✌️ )

THANK YOU

What made me shift to nostr almost completely are:

- Crazy amount of irrelevant ugly blinking ads.

- Algorithms that make you invisible, you're basically talking to yourself. I can do this in my head, why bother typing.

- I like to use the word FUCK or CUNT when I deem appropriate. Twitter throws you to abyss of isolation for that.

Apart from those, Twitter will be missed. Not for long I hope.

when i see these articles i scratch my head about how little writers and even economists understand about Inflation, simply put it goes up forever, period! How can inflation be transitory if it's a mandate to keep it at 2 percent. Transitory for 100 years?

Let’s do some math

You have 1000 dollars

The standard inflation is 2 percent which means the next year 1020 dollars buys you what previously bought you 1000 dollars.

Inflation spikes to 10 percent now 1122 buys you what 1020 did.

If they bring it back down it’s 2 percent of 1122 which is 1144.44 (btw all they do to bring it down is raise interest rates to stop people from borrowing and sell treasury bonds that no one wants, what happens when no one wants those bonds) in reality nothing really brings it down.

It compounds constantly. Our brains do not understand this at all. Nothing returns to its original levels. So when I hear any politician talk about how they reduced inflation I think about how people think they can manipulate math.

Over a 7-10 year span prices double.

This is the same nonsense that keeps you paying credit cards forever. credit card companies don’t want you to pay them off, they want the interest and free money. They rent seek off people. Same with mortgages, you end up paying double for your house over thirty years. Ever pay a bill you feel like you’re paying down and next month it’s the same? Everyone has felt that.

Eventually this breaks because it compounds so rapidly that the consumer/market can’t handle it.

Here’s the truth, INFLATION SHOULDNT EVEN EXIST! Inflation only exists because of printed money, the corporation profits that we all complain about are the result of the printed money not the other way around because they own the hard assets that go up in value. Go deeper than just corporate profits. You can’t redistribute wealth in this system, the debt stack far too insane. it’s all a printed money illusion.

This particular issue is not a right or left issue, it’s a math and piping issue that runs far deeper. Simply put, you cant save a system from a system. All sides of the government will continue to print to avoid a credit collapse that would make the Great Depression look like child’s play.

the natural state of the world is deflation. more for less. your iphone in 1950s terms is a trillion dollars, but today you get it for 1000 dollars. The world wants to give you more for less but the printing of dollars wont in key areas like food, rent, groceries. Meanwhile TVs and tech get cheaper because they move at rapid deflation speeds.

Maintenance complete!

Let's back back to the important discussions.

NAW-stir

NOH-stir

NOH-struh

How do you pronounce Nostr?

How do we get non bitcoiners here?

I started using it more again after hearing that X was planning to move to a paid only model. That was roughly a week ago.

People think that this transition will be easier for the rich because they have the capital to buy bitcoin. I contend it’s harder for them. If you buy into the idea that all monopolies go inward many will fall on their sword. The poor have nothing to lose and just will exist the rich system. Bitcoin far more of a bottom up technology.

I too enter the space from the progressive side, bitcoin is not tethered to any political ideology. It’s akin to aliens giving us something that makes all previous ideologies obsolete. Before one lists libertarian principles with bitcoin, ask yourself this question. If bitcoin causes prices to fall forever because of the gains of technology which get passed to all of society that in itself is a left leaning principle. Bitcoin is the best of all principles because it anchors money, once you do that all previous ideologies get thrown out the window.

Good points.

Not enough people in bitcoin like to talk about any sort of taxation, support, services, public goods, etc. we can have bitcoin and live in reality too.

And also that’s why I like to say we need to throw out this system and establish a new one THEN we can maybe start to try to address some of these things? And bitcoin can be an effective tool, but some issues of power, greed, the human condition, mental illness, etc are different stories…

It’s a common myth I see touted in the Bitcoin community that going down the bitcoin rabbit hole will make you less of a progressive.

For me that’s not true at all. It did, however, raise my awareness and skepticism of centralized authorities like the federal government, the Fed, etc in terms of handling our money and given too much control to breach our privacy in any instance. I think it is true that more often than not progressives don’t push back on centralized government authority and interference enough, and look to often to the federal government for support of the community and social values we care about.

Basically I went from not questioning centralizing enough to fighting for decentralization in as many instance as make sense — this is progressive in the sense of greater individual/community control, more democratic, more with everyone playing by the same rules.

Do you want a world ruled by centralized authorities in every instance, or a world where rules without rulers and decentralized protocols usher in a new era or freedom, liberty, and harmony? This is the message I’m hoping to spread to more progressives. And in terms of educating on money, federal governments, privacy, and decentralization I think nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a , nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp & nostr:npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9 are some of the best to speak to progressives on these topics without getting bogged down in ideological warfare

Unlike cities nowadays though, where the entire drainage systems are managed by a single entity, the management of drainage systems could be a bit more local, splitting the governance to neighborhoods.

Reply from my anti-Bitcoin colleague.

Who fancies replying to this? Sats sent of course 🫡

“Yeah this is where you’ve lost me now with the central bank conspiracies.

If you’re concerned with the socializing of losses that’s a matter for regulators, which most central banks usually aren’t. The same people who are pushing the narrative at the highest levels of the Fed being the root of all corruption are also the ones who lobbied policymakers to defang regulators and massively deregulate financial markets in the 1990s. They criticize government for being ineffective, and then do everything in their power to make it ineffective. This is a classic playbook of right-wing economic thought which has permeated into the platforms of political parties the world round, from the Republicans to the Tories to Georgian Dream.

Central banks are part of the social contract. They are able to introduce (they aren’t always the wisest, but they are able to) policies that can help mitigate the effects of financial crises. The pandemic relief in the United States is a perfect example. At the order of the government, they were able to provide small benefits to people to help live through the pandemic.

Now crypto people, especially the bitcoin maxis, often froth at the mouth when this example is brought up, as people spending about 1,600 bucks on rent and food is apparently an immeasurable evil and despicable tyranny, despite it being an objectively positive societal good.

If people are truly concerned about the inflation this could cause (CEOs, “founders” and the beloved “builders” of the world create far more inflation than small stimuli for food do) there are myriad controls that policymakers can introduce to mitigate inflation, they just never do because of the prevailing political forces that view any sort of proactive move from government, other than a monopoly of violence, as an act equal to tyranny.

Instead (because apparently collective or political action is not viable or legitimate in libertarian thinking) we have to for some reason literally reinvent money in the form of this technological silver bullet (I’m looking at the cotton gin and the gatling gun) to cure the ills that are the result of capitalism as usual.

In end, this idea of a Bitcoin standard doesn’t seem like anything new to me at all. It’d be the late 19th century all over again. Early adopters would be the robber barons of the new era, issuing private money as they please and developing Bitcoin based derivatives. Bubbles and busts would still happen.

What’s more we’d be at there mercy of these feudal early adopters to provide more monetary supply in the event of shocks and crises, which happen with no less frequency in a deflationary system.

The technological silver bullet becomes more fuel for the dumpster fire it was supposed to put out.”

I am extremely pro-nuclear. Yes. ☢️!