I mean that they haven’t issued a govt currency and aren’t a govt program or institution. I didn’t mean that they don’t buy a particular govt’s treasuries, as that’s obviously false.

To the contrary, you CAN centrally plan a response to a disease, in the same way you can centrally plan market prices. And the results are about the same

Nothing about what I said made any suggestion one way or another about "association with a govt." It's literally a USD stablecoin. Why would anyone claim that it's not US related?

That said from the company standpoint specifically, they are scared shitless about doing any business with any US company or being attached in any way to US markets. Like very paranoid about it. So if you are saying they are some US govt project then I'd argue that doesn't really add up. I think the US thinks Tether is undermining their power and control, even though from the standpoint of someone who understands, it actually is a significant support for the US dollar and treasuries. I simply think the political system is only just now waking up to that and trying to figure out how to take advantage of that.

I wouldn't say I love Tether, but I'm mostly indifferent about it. It's a huge step up from traditional banking and its a very interesting tool, but it also furthers the dollar network, bolsters the US treasury market, and is explicitly still just a dollar credit token.

I see its benefits and its drawbacks. I prefer Tether existing than it not, for sure, but I don't love it and it's not the solution to our biggest problems, its just an interesting new take on banking infrastructure, imo.

I'm using it in the same context as CBDC

Central Bank Digital Currency

Bank Digital Currency

Not familiar with the term/acronym as it relates to banknotes or currency. What does it refer to?

Do you not realize that this isn't relevant at all and has nothing to do with the definition or core problem of a CBDC?

Treasuries back tons of major investment institutions, are they CBDCs? Treasuries back every modern currency across the world today, are they CBDCs? Treasuries back reserves at you local bank, does your debit card spend and receive CBDCs?

With respect, literally dude you kinda prove my point. "backed by treasuries" is the least important and not even slightly unique part of the concern for CBDCs. Literally ALL of the fiat bullshit, the ENTIRE global fiat enterprise, is backed by govt treasuries already. When someone issues and forces a CBDC on the population, not once will my protest be "I can't believe its backed by treasuries!"

If that's what bothers you about CBDCs, then I have really bad news for you... just sayin

1000%, if we don't use our language carefully then we only ruin our own linguistic power to fight the things we don't want to see in the world. People do not respect how much we lose by being sloppy and cheap with our language.

Tether is not a CBDC.

It's literally a BDC

Tether is not a central bank, they don't issue notes of an independent monetary unit. They aren't associated with any govt. Tether is just a modern banknote with most of the same problems, risks, and trust issues. The difference being it is available to anyone with a smart phone without an account -- which is actually a significant improvement over the old garbage.

Tether is custodian issued digital banknotes. Literally in every use of those terms this is the accurate thing to call it. "Cash" has always just referred to banknotes issued that were redeemable in gold or at a bank that was a bearer asset. The difference with a stablecoin like Tether and physical cash is the oversight/surveillance that the institution has for the digital alternative. This is why ecash is actually the only thing that digitally shares basically all the characteristics of physical cash (txn privacy from issuer and bearer asset). Tether is far easier to freeze accounts and spy on what everyone is doing. Obviously why people want to label it "something bad."

My point is that the CBDC label is NOT accurate, and when we use words and labels arbitrarily, it desensitizes people to them. If people just become "whatever" about Tether (because if you don't use it, who cares), and everyone calls it a CBDC, then after a few years of this people are just going to think "CBDCs are fine, who cares?"

Calling everything we don't like a CBDC is a HUGE BENEFIT to actual CBDCs.

Bank digital currencies are not a problem. They will remain solvent as long as the "bank" does. They are a much better option than credit cards, and the option of being able to issue ecash is even better.

BDCs are certainly a far cry from the #Bitcoin sovereign world that we are building and have nothing to do with it, but they are ALSO a far cry from a genuine CBDC.

So please, stop using words that matter in a stupid and cheap way, because when we REALLY need them, you'll have sucked them of all of their power and meaning.

Dude of course they were! The left went insanely authoritarian. My criticism of Trump is literally that he didn’t get in their way.

Yeah how on earth people think there were no other options and that “we would have all done that” is fucking bonkers to me. Not at ANY point did I think what they were doing was rational or intelligent because it was all fucking insane from the outset.

100% 🤣

What about it? It was very amusing if nothing.

That’s what they did specifically because they tried to have one stupid global plan for everyone.

Are you suggesting that huge, centralized decision making and risk consolidation is BETTER than decentralized experimentation and risk assessment?

If you actually believe something so contrary to common sense and everything we know about markets and networks then I would ask why on earth you are in #Bitcoin?

Almost every decision that was made was directly contradictory to all decent evidence, strategy, and policies we had developed.

First, quarantining THE HEALTHY is fucking insane and makes no sense.

Second, you never vaccinate during a supposed pandemic, it’s exactly the way one makes a vaccine useless

Third, removing restrictions, dropping stupid and stagnant standards, and letting everyone explore all possible treatment options and then bringing as many doctors expertise and experiences together to cover what was and wasn’t working would’ve had a successful and effective treatment in weeks

Fourth, ATTACKING treatments and stripping them from market shelves across the country that show promise is fucking stupid, arrogant, and authoritarian, on top of the fact that it likely alone causes thousands of deaths by not making simple treatment options impossible to get.

This list could go on for a long time. And on top of it all he trusted, supported, and gave way more power and authority to Fauci who should be in prison for mass man slaughter like 10 times over. The guy is evil incarnate and has been pushing horrific and pointless treatments onto people that he profits from with outright and *known* lies. Even a cursory look at his history shows that guys does not have a conscience of any form.

Everything that was done was backwards and fucking stupid. Trump has never apologized and STILL brags about it to this day. And he literally towed the line with every big govt, authoritarian lockdown, moronic health policy, and parasitic pharmaceutical plan and power grab during the entire period.

How people let him off the hook with that shit and have lost their most basic common sense on the issue is beyond me. It was a failure of incredible magnitude and it was not even a little difficult to come up with a VASTLY better course of action.

Because they need to like him and if they admitted that he was literally EAGERLY behind the horrifically corrupt pharma/covid/authoritarian shit show that was 2020 AND 2021, they would probably have an aneurism.

So instead they just kinda pretend that none of that happened and focus on the fact that the establishment hates him, therefore he must be our friend.

🤣🤣 omg this was literally the very first thing I saw logging into Nostr this morning

So nostr:npub1h882a66p0zj5n69s2u8nfzev4f97lzfnlcej84z78p6uqxge5tpqlupz20 do you have any good bug based recipes I could try out? I’ve been thinking a lot more about how to help the planet since your recent videos and I want to do my part. 🫡

I think he’s saying #Nostr is stealing devs from bitcoin projects, because whoever this is, is a butthurt dumbass apparently.

Also get a Lightning wallet so people can zap you. You add the Lightning address into your profile details.

For quick & easy custodial wallets to get started I recommend Alby, Fountain (has one built in), Blue Wallet, or Wallet of Satoshi (depending on where you are).

The poor guy doesn’t know that we all bought when it crashed to 3K, and that’s why he’s hitting on someone else’s wife and we have big, happy families 😂

I mean I’m just sayin

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That’s default on Damus.

Yo nostr:npub1ujm8l8mupgwvu8pye2ged78pg3huectlmm6at66x5wffgvl2fkgsygt8l4 you gonna have to stop posting that turismo shit or I’m gonna have to mute. I get maybe you’re trying to call attention to it, but I can’t be havin that in my feed while I’m sitting with my kid and wife and have no way to blur or hide it. Don’t want to block for WoT reasons but might have to anyway.

hmm, if its a taproot address i don't see why not. Although you'd have to get the individual private key (rather than the master seed) for it to get your nsec. 🧐

The bigger the #Bitcoin team gets, the harder it is to fight.

The earlier you join the #Bitcoin team, the more you will be rewarded for cooperating instead of fighting.

The game theory is surprisingly simple. Sound money will eat the world, and finally cure the cancer of fiat.

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This is how Ai defeats us 🤣 nostr:note1djhmwvt98x5haq08kq7jmaygv8jl4wjwugcwdx5vstz0ymfzvshq9q7jyp

Seconded, it’s legit a really fun game. I got the normal and the special edition at the conference. nostr:note1gfdwm8fqlkpw0xygycs07fefzz2wss69se706l79kkv5gs8unrcs3guwn2

This is a really fun way to use it actually. It’s amazing for really complex, composited images.

No clue. Haven’t heard anything about it. Might have been tied to or put aside due to taproot assets. Seems like it’s basically being done, just haven’t heard tether specifically talk about it recently.

Even crazier is that the more complex the society was, the less likely it may be that it survives a catastrophe if it’s big enough.

Think about it, if we are all hyper specialized, and let’s say 20 of us have the knowledge each of 20 parts of building something large and complex (say a power plant). But then 10 of us are killed. Nobody can build a power plant anymore. The skills and knowledge are gone. What the remaining 10 know is useless without the other half.

It truly shifts how the system and society work, which is wild. We become one huge collective organism. And suddenly, because the cells cannot survive on their own, the entire organism and all of the cells can be killed with the loss of just one organ.

This is how I analogies the possibility of an advanced civilization in history being destroyed and society essentially having to “reset.” The scary thing, is that the disaster might not have to be totally in order for it to still do multiples of damage in the fall out. Consider how many critical skills may be lost completely if just 15% of the population are lost in a sudden event. And what if it resulted in losing another 15% as fallout, but that reaches a critical threshold and now we have lost even MORE skills and knowledge, and its spirals out of control to 90% of the population. Where our ability to simply keep our basic needs and critical systems functioning, completely breaks down.

Just wild to consider.

Nope

🤣🤣

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Then they can’t vote if they can’t prove who they are. Thats a perfectly reasonable requirement to participate in an institution that spends $7 trillion a year.

There is literally zero logical reason to not require proof of citizenship/ID unless you are cheating. nostr:note1mxh477rfgjqtr0lsvklmu2vn0x8mgx5252f34h7syrv7c607w6jqt5hw34

It works via the DHT, like BitTorrent. Basically it’s kinda like a broadcast network hunting for the other user.

So let’s say I connect to 8 random peers on my mobile. Then my hosting machine connects to 8 random peers. When we start up an instance we announce to our peers what our keys are and they add it to their DHT (big hash table of peers basically).

Then when I scan the QR of my hosting machine, I ping out to my nearest 8 peers for anyone who has seen the hosting key. If we share no peers in common, then they pass it on to the next set of peers that they are connected to, then through “6 degrees of Kevin Bacon” we eventually cross on a peer that has heard my request, and also heard the hosting machine’s key earlier. (This might realistically only need one or two hops, maybe the DHT of my nearest node already has the update from the host, but not necessary)

Then when I find my host via mobile (this is where I’m less certain about specifics) then both machines do a “hole punching” method where the host and the mobile both try to establish connections from either direction using any available port. Again, a kind of “guess and check” method not so unlike finding a peer with random broadcasting. Then the connection is established, keys exchanged, and viola, P2P direct encrypted connection for whatever you want to do.

There are probably more specifics that I’m missing, but as I understand it, this is the general idea. Hope this helps.

Sucks because Yann is a huge supporter and advocate of open source Ai as the standard, but he might not be around very long if he keeps getting boosted. All serious data suggests the more times you get that shot the higher the chances of some “rare” and sudden death. Literally can’t believe people still blindly believe that insane shit.

There are no bad Sowell quotes.

❤️🫡

🤣🤣🤣

Of course. I certainly wasn’t making any exception for the US, quite the contrary, in speaking as generally as possible about the ideas of those who follow rules from liars, frauds, and murderers.

🤣🤣

https://primal.net/e/note1gj7e5asaznynlutjrsthy95qwf2c2df3n4d9lcd5vuvh0h7zcjcsfdjsj5

https://primal.net/e/note1gj7e5asaznynlutjrsthy95qwf2c2df3n4d9lcd5vuvh0h7zcjcsfdjsj5