GM ☀️ PV 🤘

Good morning to everyone living on the edge.

Rick Beato knows his stuff. He knows music production top to bottom AND he can shred on a guitar

With Liquid introducing USDt and now Lightning Labs doing the same in Lightning Netowrk, sooner or later the weight of the law will fall on these networks, Liquid will be the first to fall since it is a federation operated by companies and with transaction obfuscation (confidential transactions) on top of that.

Lightning Network will fall next, screwing the custody nodes first with KYC like Blink that already offer USD and then the LSP operators.

Meanwhile blockchain transactions on the Bitcoin network will go up for shit like ordinals, stamps and runes, which will make the plebs unable to access the Bitcoin network to execute transactions.

Bitcoin will not have a scaling layer and will not be able to reach everyone, meanwhile the masters of the world will laugh, only they will be able to access bitcoin and protect themselves from monetary debasement.

By Nostradamus.

nostr:note1jpy3lzduys6cl38g0rj07md0jfkm3vln7v7dqzhskhwwjyy999ssppf4x5

Okay hear me out, don’t come at me for ignorance.

But I’m teaching the last class today for BTC Isla (before they officially graduate next week) and in the last chapter it talks about bitcoin being a revolution and how it its paving the way for a more equitable and decentralized future.

The word “equitable” keeps come back because how can it be equal if it rewards early adapters? And of those early adapters most if not all had access to a computer back in the early days.

It isn’t equal to those in poverty though, that have no such resources.

Why is it that the poor always get the short end of the stick?

What do I mean by that? Well the less you have the harder it is for you to succeed, yet the more you have, easier it is for you to reach the top.

Okay hear me out, don’t come at me for ignorance.

But I’m teaching the last class today for BTC Isla (before they officially graduate next week) and in the last chapter it talks about bitcoin being a revolution and how it its paving the way for a more equitable and decentralized future.

The word “equitable” keeps come back because how can it be equal if it rewards early adapters? And of those early adapters most if not all had access to a computer back in the early days.

It isn’t equal to those in poverty though, that have no such resources.

Why is it that the poor always get the short end of the stick?

What do I mean by that? Well the less you have the harder it is for you to succeed, yet the more you have, easier it is for you to reach the top.

#grief #parenting #writing

My middle child passed away a little over 2 years ago. He was 18 years old. Among many other hardships and tragedies in my life this pain is sharply unique. In some ways I've been coping well, in other ways not so much.

I am a reader and a writer. Words, language, and stories are nearly as dear to my wellbeing as food and water.

I have been writing less and less over the last couple years.

Sometimes my feelings of grief and outrage and near-relentless sorrow well up and I can breathe into the pain and make room for it and let it flow through me and out. Some of the feelings are knotted tight, coiled into nooks and caves in my inner being. I think the only way I can release or incorporate these trapped feelings is by sharing and being seen.

Whenever I try to choose a memorial piece that my child’s bones will be incorporated into, I feel as though I will shatter, as though the next breath, or the one after that will begin the cracks that will spread irreversibly through me. I know this is not true. Still, I stopped looking at memorial art.

I believe I need to share my experiences, both for my own health and for the possibility that my words could positively affect someone who needs to hear them. I kept putting it off because I wanted the right words, the right timing, the right platform, the right schedule, the right persona. Because it is my learned inclination to be reserved and private and to keep most of my Self hidden most of the time.

This morning I cried suddenly, missing his smile, his laugh, his hug. I knew it was time and I promised myself that I would write AND SHARE something TODAY, and here it is.

#suicide #mentalhealth

It’s easy to forget how little the average person knows about how the fiat banking system works.

And it’s no surprise, either, as this information is purposefully obfuscated so as not to give the show away.

So, as a PSA, here’s what happens when you take out a loan at a bank:

1. Application: You apply for a loan.

2. Approval: If approved, the bank does not transfer existing money into your account, as many would assume. Instead, the bank creates new money out of thin air, and deposits that newly created money into your account.

3. No Reserve Requirement: Since 2020, there has been a 0% reserve requirement for banks, meaning banks do not need to keep any physical cash or reserves to back up the new money created by the loan. They can have $0 in their savings deposits, and still loan out billions per year.

4. Money Supply: The newly created money increases the total money supply in the economy, which dilutes the savings of dollar holders, making day to day life more expensive.

5. Loan Repayment: As you repay the loan, the money gradually disappears from the bank’s ledger. However, the interest you pay becomes the bank’s profit. Banks get the interest, without having to put up the principal loan amount. All of the upside, none of the downside. In the case where the bank somehow still manages to fail, it gets bailed out by the Federal Reserve; or, if it’s a smaller bank, it gets absorbed by a bigger bank to keep the ponzi going.

6. Rinse and Repeat: The process repeats ad infinitum with new loans, continuously expanding the money supply. This continues until the value of the dollar goes to zero.

#Bitcoin fixes this.

It’s easy to forget how little the average person knows about how the fiat banking system works.

And it’s no surprise, either, as this information is purposefully obfuscated so as not to give the show away.

So, as a PSA, here’s what happens when you take out a loan at a bank:

1. Application: You apply for a loan.

2. Approval: If approved, the bank does not transfer existing money into your account, as many would assume. Instead, the bank creates new money out of thin air, and deposits that newly created money into your account.

3. No Reserve Requirement: Since 2020, there has been a 0% reserve requirement for banks, meaning banks do not need to keep any physical cash or reserves to back up the new money created by the loan. They can have $0 in their savings deposits, and still loan out billions per year.

4. Money Supply: The newly created money increases the total money supply in the economy, which dilutes the savings of dollar holders, making day to day life more expensive.

5. Loan Repayment: As you repay the loan, the money gradually disappears from the bank’s ledger. However, the interest you pay becomes the bank’s profit. Banks get the interest, without having to put up the principal loan amount. All of the upside, none of the downside. In the case where the bank somehow still manages to fail, it gets bailed out by the Federal Reserve; or, if it’s a smaller bank, it gets absorbed by a bigger bank to keep the ponzi going.

6. Rinse and Repeat: The process repeats ad infinitum with new loans, continuously expanding the money supply. This continues until the value of the dollar goes to zero.

#Bitcoin fixes this.

Son has just become an adult.

This shit is a parents worst nightmare.

#meme #memes

How would you explain low and high time preference to someone who never heard of it before?

#asknostr

Since when can people bring cats on planes?