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just one more thing
cc77544713aa73fc975555a4b6649efe3377cf45f5103aa476ebc57b0d174fcb

#asknostr

#peakfiat

what other egregious examples of fiat destruction come to mind ?

nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs

if British hodl was a true bitcoiner, he'd be here too and certainly wouldn't be throwing shade on nostr

Replying to Avatar Lyn Alden

The complicated aspect about the Social Security system in the United States is that it was falsely marketed.

It's called an "entitlement" because people pay into it and are supposed to get it back like a pension, regardless of whether they are rich or poor when they retire. And so the Baby Boomer generation views any cuts to their social security as a rugpull, basically. It's not insurance or charity; it's an entitlement.

However, although it was marketed as like an entitlement/pension, that's not how the math worked out in practice. And it's because population growth is slowing. It was based on ponzi math, assuming that every generation will be bigger than the one that came before it. But the Baby Boomer generation was huge.

In addition, when Social Security was created, the retirement age was set near the average life expectancy. Many people would not live long enough to collect it, and most would collect it for a handful of years. Only a small minority of outliers would work for like 40 years and then live off social security for like 20+ years. But then over the decades, life expectancy increased by like 15 years, so the default assumption is indeed that someone can work for 40 years and then have 20+ years of retirement, even though the amount they pay into it doesn't really mathematically cover that. It's not designed for that en masse.

And so Baby Boomers had like a 3.5 worker-to-retiree ratio to support in their peak earnings years, while Millennials will have more like a 2.5 worker-to-retiree ratio or less to deal with. Which means they get a worse deal. Many Millennials don't even think they'll get it at all, despite paying into it.

That breaks up the social contract and sets up inter-generational political conflict. "Fourth Turning" stuff.

It's a big reason why "defined benefit" plans are inherently unstable; they rely on being able to predict the future.

And it's also a big reason why, when speaking about deficits, nothing stops this train.

this is why I view my humble stacking of BTC as a future pension of sorts.

I can imagine the gov will keep jacking up the pension age anyway and the reality is most people are barley physically or mentality capable for 9-6 jobs past 55 and even then good luck getting a job (I'm talking avout normal people here , not doctors , programmers)

Replying to Avatar mcsnubbs

⚡⚡500 SATS for REPOSTS

Bitcoin and Nostr embody TRUTH in its purest form.

Revisit the pivotal moments in human history that have led to our current state. The invention of language and the printing press enabled the widespread dissemination of information, unlocking massive human flourishing. The advent of the internet took this to the next level, freeing information from geographical constraints and facilitating global connectivity.

However, our current system is inherently flawed. It relies on humans trusting one another, often from a distance, without any guarantees of authenticity. Humans are notorious for their self-interest and propensity to deceive others when it serves them. This fundamental weakness has led to the proliferation of misinformation, manipulation, and control.

The game-changer lies in the emergence of uncorruptable value transfer protocols, such as Bitcoin. These systems allow us to transcend the need for human trust, instead relying on cryptographic proof and decentralized verification. For the first time, we can follow the value to determine TRUTH, unencumbered by intermediaries, biases, or agendas.

Nostr, as a social protocol, takes this concept further. By incentivizing the creation and dissemination of high-value information, it fosters an ecosystem where truth is rewarded and falsehoods are penalized. This paradigm shift has far-reaching implications, as it enables individuals to make informed decisions, free from the influence of manipulated narratives.

Imagine a world where information is no longer controlled by centralized authorities, and individuals are empowered to seek truth without interference. The potential for human flourishing is boundless. We're on the cusp of a revolution that will redefine the fabric of our society, and it's exhilarating to be part of it.

So pumped to be here with you all ❤️❤️

#GM #Nostr #asknostr

reposted ⚡

Replying to Avatar BTC Sessions

Moment of vulnerability here, wondering if anyone has had a similar experience before.

I completely LOST it on another person's kid today when I thought they had intentionally hurt my daughter, but I was wrong and now I feel horrible.

Context: on a road trip with another family. The other child has behavioral issues and has been known to get physical in the past with others at school and daycare. Over the course of the trip he's been pretty poorly behaved and aggressive but not downright violent... but I had it in the back of my mind that it could happen.

My daughter was playing with him in the other room, then suddenly runs out screaming, bleeding from the mouth and saying that he had hit her. I've never experienced anyone intentionally hurt my little girl and I instantly flew into protective dad mode before properly assessing the situation. In my mind he had punched her in the mouth.

I stormed into the room and flew into a rage, screaming at the absolute top of my lungs, pointing my finger in the kid's face saying to NEVER touch her EVER again. His mom was right behind me. He was likely terrified and I was honestly way beyond any level of anger I've ever felt.

In the next minute or two my daughter then clarified that it was an accident and they had been playing rough but had unintentionally slammed into each other.

The boy cried, his mom was in shock, and she also had tears in her eyes. I feel absolutely awful about the whole situation, I should have had more self control, and I'm a little in shock how quickly I became an absolute monster to a young kid.

I apologized in the moment to both of them and sent a message after saying I should have handled the situation better.

Just really upset about the whole thing, unsure how to proceed now. Any girl dads out there ever have this happen to them?

not ideal , but dad mode is a primal thing, you will probably have the reputation of a crazy unhinged person in their eyes now.

your daughter will know you have her back though

if I was a VC and some young goon was pitching me on zoom, I would just be like no way, we have Skype already, I'm not giving you million of dollars lol

I'm definitely ready for BTC to do Zoom overnight tho 📈💯

pretty sure all expansionist empires of the past count as world wars