"Intrinsic value" is the shibboleth of economics: if I hear you say it, I know you don't know what you're talking about.
“Anyone who has followed the plight of Assange, Snowden, or others like them has likely wondered how we might ever expose the ruling elite ways of taking and maintaining power.
While we have most certainly caught them with their hand in the cookie jar, only a fool would think we have seen half of what they are doing. So how can we win against something we can’t see? How do we counter unknown malevolent geopolitical efforts?
We draw them out.
But how?
Just like the Allies did in North Africa during WWII, we should attack what the enemy runs on. For the Allies, this looked like attacking the German supply line of fuel. Our ruling class’s supply line of power is a fully automatic printer. Everybody now! … Money Printer go What?? … It go brrrrrrrrrrrrrrrrr!”
#Union #Freedom #2A #Bitcoin
https://www.samuelsadams.com/ssa/fixthemoney?rq=Fix%20the%20money%20
Excellent article! The bankers have managed to do what the alchemists never could, and their devious undermining of money is the real existential threat to civilization. They're rapidly destroying the efficiency division of labor enables, and that's a truly unsustainable path.
“Anyone who has followed the plight of Assange, Snowden, or others like them has likely wondered how we might ever expose the ruling elite ways of taking and maintaining power.
While we have most certainly caught them with their hand in the cookie jar, only a fool would think we have seen half of what they are doing. So how can we win against something we can’t see? How do we counter unknown malevolent geopolitical efforts?
We draw them out.
But how?
Just like the Allies did in North Africa during WWII, we should attack what the enemy runs on. For the Allies, this looked like attacking the German supply line of fuel. Our ruling class’s supply line of power is a fully automatic printer. Everybody now! … Money Printer go What?? … It go brrrrrrrrrrrrrrrrr!”
#Union #Freedom #2A #Bitcoin
https://www.samuelsadams.com/ssa/fixthemoney?rq=Fix%20the%20money%20
Stock market investors are a lot different from Bitcoin hodlers. Their goal is to "make money", so when the value of the dollar falls against their stock and its price rises, they see an opportunity to get more dollars, which is their goal. So higher stock prices are always fragile, because investors view it as a good opportunity to sell.
Awake hodlers buy Bitcoin because they don't want failing fiat currency. When the dollar falls against Bitcoin and its price rises, the perceptive hodler sees it as a bigger incentive to stack more and avoid the failing fiat currency.
High prices increase Bitcoin hodlers' conviction, and decrease stock investors' conviction. You can't make great financial decisions while still "keeping score" by how big your dollar stack is.
#bitcoin #price
💯
#memes #homestead

goals
#meme

Matthew 7:21-23
21 Not every one that saith unto me, Lord, Lord, shall enter into the kingdom of heaven; but he that doeth the will of my Father which is in heaven.
22 Many will say to me in that day, Lord, Lord, have we not prophesied in thy name? and in thy name have cast out devils? and in thy name done many wonderful works?
23 And then will I profess unto them, I never knew you: depart from me, ye that work iniquity.
Wheel Falls Off United Boeing 777
Comments ( https://news.ycombinator.com/item?id=39641091 )
https://www.theautopian.com/wheel-falls-off-united-boeing-777-damages-multiple-cars/
Perfect analogy for the outcome of adopting affirmative action "equity" to replace meritocracy
if you ever feel dumb just remind yourself there are people who owned Bitcoin and just sold it at the new ATH because "le lines on le chart" 🤣
#btc #stacking
me every day, live free or die trying
#memes

The time between dystopian apocalyptic fiction and the news is rapidly approaching zero, and looks poised to go negative

I couldn't get my score above 800 without a mortgage no matter what I did. But sub 4% on an investment property in 2021 was too good to pass up, keep the real estate and stack a bunch more sats? And rent covers the mortgage? Yes please. Did boost my credit score too, so more potential in the future to short the dollar at the right opportunity
https://m.primal.net/Hiex.mp4 Voicing Doubts: Steve Weiss openly expresses scepticism towards #Bitcoin, stating, "I don't believe in Bitcoin. I still see no use case other than speculation."
🧐 His perspective ignites a crucial debate about the intrinsic value and practical applications of cryptocurrencies.
Do you agree with Weiss, or can you highlight real-world uses of Bitcoin that counter this viewpoint?
Let's dive into a constructive discussion on the utility of #BTC beyond the speculative lens.
#CryptoDebate #DigitalCurrency
Anyone who unironically uses the term "intrinsic value" doesn't understand the most basic fundamentals of economics correctly.
Bitcoin is money. Its real world use is the same as any money, a social ledger to coordinate economic activity and allow for division of labor, saving, and capital formation.
Sold out our future for the most high time preference, selfish, corrupt reasons imaginable. Despicable.
#economy

Quantum computing has had decades of hype without any current real world application. It's typical of the overall trajectory of the past 50 years.
Bitcoin is one of the few real technological breakthroughs in the past 50 years. Mostly it's a lot of financial engineering, a lot of incremental improvements to existing tech, and a lot of hype with no real world application. But hey, we're eviscerating the foundational values of Western civilization, and the richest man in the world sells road legal oversized golf carts to keep cow farts from boiling the ocean, so there's always that 🙄
Transaction fees. Miners update the chain, which is how transactions are made. If Bitcoin is successful there will always be demand for transacting, and of course it won't be free. Transaction fees are the cost of securely sending Bitcoin, and will be paid by those sending Bitcoin. Block subsidies are just a way to bootstrap the network until adoption grows.
dipping my toe in the substack river
