Couldn’t have asked for a better Saturday 💚

While I love the meme power of that simple equation, I don't think it's technically or fundamentally correct. Civilization is finite, and the real important concept is how money enables and contributes to the growth of the civilization "pie".

It's important, because it explains why money should appreciate over time, and why the idea that it should depreciate through inflation is ridiculous and damaging. Equity in a successful company appreciates over time because it represents the sacrifice someone made in the past to build a productive enterprise, when they could have consumed those resources instead. If they're successful, the increased value of that equity is the reward for the productivity that wouldn't exist without that past sacrifice. That aligns incentives in the economy and leads to more abundance for everyone.

Since sound money represents the exact same sacrifice, in an economy that's growing and successful overall, the savers whose productivity and deferred consumption made that success possible should be rewarded with rising purchasing power, not punished with constant inflation.

The incentive structure is completely borked, so it's no wonder the whole system is dysfunctional and failing.

the boxes are not aligned 😭🤣🤣

took me a minute too

😝😝

has anyone done a write-up assessing the pros/cons/opportunities/challenges of the new Microstrategy naming idea?

Do devs here…uh…talk to each other?

I see a lot of UX things that could be improved if there was more coordination between clients.

Same

Ryanair hates you

Can a Bitcoin economist please start analyzing money as an equity share in civilization? All the debt-centric paradigms imported from the fiat system are misleading and unhelpful, and need to be discarded entirely.

I write about this as much as possible, but I have no audience and almost no time to write. And the person who gets this right and presents it in a way that reaches a large audience will be contributing to an actual advancement in economics instead of just rehashing and cobbling together pieces of a fundamentally incorrect paradigm we're currently stuck with.

How to perpetuate the cycle of violence… murder children and watch their families become violent and seek retribution.

I suddenly find myself much more interested in coinjoin protocols. funny how being attacked tends to do that. fucking with bitcoiners is not going to work out well for them.

If I had to guess, Peter Theils prints are on this.

Palintir

Anduril

Etc

“Iran is bad so bitcoin is bad”

“USA is good guys so no bitcoin for USA”

= Iran richer than USA

= Success!