How on earth did you read this that way? 😂🤦🏻‍♂️

If you have a better way to filter bots and spam in a decentralized network, then 40 years of cypherpunks and P2P developers would love to hear it btw. 🫡

sorry a draft post got accidentally hit "enter" on when i came back to my desktop

Access to very little energy or resources vs a large amount of energy and resources.

Too bad the first good rain would turn it into a pool, cuz that’s pretty dope otherwise

Look at the hand. This is definitely Ai

Where’s part 3?

This crazy man just raw doggin random internet services with his private keys 🤣

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The worse the picture they paint, the more I’m convinced it does what we hope it does. Makes me good 😊 🤣

The other direct subsidies definitely add to it, but i think the bigger systemic subsidy is inflation. Which, you are theoretically right, SHOULD even out with the interest rate. But the problem is you need enough liquidity on something that is unaffected by the false interest rates, in order to “release the pressure” so to speak. Theres just nothing large enough to actually be the value check on mispricing tens of trillions of dollars in loans every year.

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For the sake of simplicity , the comparison is probably best defined by the amount of energy we can access and direct.

Well, I guess go get naked in the woods and try to survive alone and tell me if you feel poor or not. 😆

YOU ARE WRONG AND SHUT YOUR MOUTH!

I like nostr:nprofile1qyfhwue69uhkcmmrv9kxsmmnwsargwpk8yq3gamnwvaz7tmpv4nkjueww468smewdahx2qpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgjmwnq tho

The question isn't what causes poverty. Poverty is and always has been the base state of nature and humanity.

The question is what enables cooperation at such a scale that something as insane, endlessly complex, and inexplicably productive as human society can exist?

Definitely a failing project. Definitely dead for good this time.

Obvious statement is obvious 😂

But also 🔥

The money supply has increased pretty reliably at about 7% per annum for like 50 years. Mostly mild fluctuations with a few exceptions. I would pose the question as to why you can get a 4-5% mortgage right now?

I think the answer is that we have to have a clear way to measure against the past. It’s only in the comparison to a harder asset that has enough liquidity that we can even see the degradation of the currency and accurately price it. (CPI is total garbage for this)

This is why I think the presence of bitcoin is the only thing that will actually restore real interest rates.

100%, that’s one scene of an innocent conversation about how great things are away from the world going to shit right there 😂

lol if the wave was that big you are already done 😅

Yes but that isn’t a net debt/deficut. You are using money you have and just happen to be paying the money you earned through a credit card. I’m speaking conceptually.

Don’t know the book but will definitely check it out 🙏🏻

Newly issued money is explicitly used to increase the supply of debt by manipulating its price. When that new money enters the economy, it obscures the amount of actual resources available until it circulates through the economy and prices adjust - this is whether the rate is constant or not.

Thus, it gives debtors a permanent and systemic subsidy at the cost of savers. Prices only adjust *after* new debtors bid up prices in the market with new money.

You are correct that a significant change in the rate is more *disruptive,* but persistent inflation in the money supply is a subsidy for debtors either way.

Dude I thought newpipe broke some years back. Didn’t know it was still alive!

I was so worried about how Iran was 2-3 years away from a nuclear bomb in 1992. Then how they were 2-3 years away every year since was even crazier. Can’t believe we dodged that bullet for 33 years thanks to our diligent, honest, and hard working govt.

Again, how old are you?

First, inflation has been 7% year over year for the better part of 50 years and is closer to 10% most recently. The consumer price index is meaningless nonsense. But I’ll give a more complete answer when I have a minute to break it down. And the short term “return” or lack thereof on the fiat price of bitcoin has nothing to do with it.

You think there is another asset that can can actually protect sound monetary restrictions against completely reckless and economically retarded governments? 🤔

CT’s debt per capita is the worst in the country. And they have over $90 billion in unfunded liabilities. There’s not a ghost of a chance that they get out of this unless there is aggressive return on investment (they invest in a monetizing asset that will correct this massive problem) or by massive devaluation of their debt, which will cause a collapse of their economy and they can all be poor together.

The situation is beyond “extreme” already and this country and the entire west is acting like it’s “business as usual,” when we are on the brink of the world stepping away from the dollar. And nobody has any idea how quick it can fall apart historically when other countries exit the network that we push our inflation off onto.

Reality doesn’t care about anyone’s opinion.

The his has nothing to do with “agreeing with my thought process.” But are you under the impression somehow that the current fiat debt situation and trajectory is sustainable? Because if you are you are deeply mistaken.

Easy way to tell the real ones. It’s not about spending or saving. If you are on a #Bitcoin standard, you use your money and there’s not really a debate.

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I’m about to just fly somewhere randomly in the middle of the day so I can use lightning at a @SteaknShake

1. Nodes can be sybil attacked, there is no cost so there cannot be an objective way to reward them nor any true measure as to whether they are doing any good for the network.

2. Running a node is more a defensive measure than an outward service. Kind of like holding your own keys. Nobody should be rewarded for that, its just dumb not to do it. However if everyone holds their own keys the network is stronger for it, similar with nodes.

3. Nodes and miners weren't separate ideas in Satoshi's time. There was simply the Bitcoin software. If you installed it, you were a full node and a miner. It wasn't for a couple of years before mining was so pointless on non-specialized hardware that node running became a separate idea from mining.

Well it sounds from the story like someone trying to meet regulations and code literally told them to cut it down, and then they stupidly followed instructions.

Kind of a good example of when you make a bunch of rule followers and then over complicate the rules so everyone is afraid to break them, you get a bunch of people who don’t question things when they are told to do something. 🤔

lol same

Head is that big and def have long upper body 🤣

Just to note: I don’t think there is an “end game” to any of this. Not really a time where humans are never needed, and not really a point where Ai “learns everything” because I think those are just based on false premises. The more we can make and the faster we can learn, only makes things more complex. So things will expand and possibilities will expand (necessarily) at a rate faster than our capabilities do, because our capabilities themselves expand possibilities.

If that doesn’t make any sense then maybe an analogy:

When all you can do is walk, you only have the land around you to settle. If you have a spaceship that travels the speed of light, then you have a billion star systems to settle with a billion challenges a billion times more difficult than what you’ll find within walking distance. Technology actually *makes the world bigger.* There is no horizon. Everything is infinite.

I will say that there is no solution other than biting the bullet. We have to build shit in America or we’re fucked. Waiting until next year only makes the problem one year worse.

This is not a comment on tariffs or anything like that, this is just a simple statement of fact that as our currency gets weaker, we will either go back to building and manufacturing shit, or we will starve.

That’s because it’s been years and I make very little progress and I decide to change things I’ve already written instead of just continuing forward 🤣

Basically I have not as much confidence that it’ll be done anytime soon, so I try to never talk about it.

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Hear me out…