Something something something $prism

Yeah, harder than one might imagine.. took me over 4 years to qualify 😅

Buy #Bitcoin — They’re not making any more of it (beyond 21M).

$boost this note, let's see how this thing works.

This is the perversity of our times: with inflation rates higher than savings rates, the overwhelming incentive is to spend and borrow rather than produce and save.

Bitcoiners already understand the problem. The simple economic concept of time preference explains so much: some people are more than willing to forego consumption today to reap a larger reward later-even if that "later" is beyond their lifetimes. Time preference is the only way to make sense of interest rates and their critical function in society; interest rates reflect the relative preferences of borrowers and savers. Manipulation of interest rates by central banks severs this critical mechanism, allowing bubbles to occur in the form of new credit without new saving.

Without interest rates determined by time preference, society's signals become mixed up. We all understand, axiomatically, why humans prefer something today (certain) over something in the future (uncertain). We may die unexpectedly, our financial positions could change radically due to unforeseen events, or external conditions could influence our desires. We all understand borrowing money to buy a dream home at age forty instead of paying cash at age ninety. We all understand why lenders, given the uncertainty and forbearance that goes with lending, want to be paid interest for their risk.

It is a matter of time.

Jeff Deist

Landed a #Bitcoin job. Can’t wait to share details with you guys 💜

tfw you can’t give away extra concert tickets because your friends lack excellent musical taste.

The road to hell is paved with good intentions.

NOSTR NEVER GOES DOWN 🔥🔥🔥

You must be having a performant phone

Testing gossip on fedora 38 now - does it work? And is it in sync with amethyst?