The real one though?
Admittedly, I really enjoyed this timely discussion with nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj.
Danny asks great questions, with intelligent follow-up points for clarification… and does both with a chill vibe.
The What Bitcoin Did podcast is in great hands! ⚡️
nostr:note1sqrexav054xtjdr88apv9wquxqsns47h4c4k3l5yej9q556zwcuqlza5nw
Thanks for getting out there and talking stuff, lots of great signal! Well, all signal, no noise.
Really looking forward to more, especially as everything unfolds!
The thing is, I happen to have lived at a place and time when the state in question lost its monopoly on violence for some years.
Want to know what happens? The mob takes over. It’s relatively fine if you’re poor. You just need to be able and willing to defend yourself against relatively petty criminals. If you have something of value though, or have a business. Well, then you need “protection”. And it’s not like you can hire normal security companies for this. They don’t really exist, all of it is the mob in one form or another. You can’t go without protection either. The “protection” will find you and make you their “client” at an exorbitant cost. Kind of like the government, just with a significantly higher “tax” rate.
Your only way out is pretty much becoming the mob yourself, with everything that entails. Including constant fear because you’re mostly at war with someone. I still see people living in literal fortresses for fear of what they did during those years catching up to them now.
It’s not pretty. Nobody should want this. The idealistic picture of what would happen that often gets painted is off by a mile or ten of what actually happens.
Btw, I know for a fact that there are summer camps costing north of 200k USD per kid taking place in Switzerland where the current world aristocracy sets their kids up for lucrative life long friendships from the get go.
So the idea is not exactly new.
Honestly, that’s exactly how aristocracy forms. The first generation are just smart/savvy/strong/cunning people at the right place and time. You can argue that the first generation actually deserves the wealth and privilege that they get, as they actually earn it through their actions.
Then they naturally want to preserve what they had for their families, so they set up power structures to ensure this. The second and third generations may be benign enough if you’re lucky. Further than that though, and you can argue that the aristocracy now in power has no moral right for their privilege. And they themselves are not exactly the nicest human beings given all the wealth and privilege that they just happen to be born into. The original dynastic founder is now just a legendary figure.
And I don’t really have any good ideas how to counteract that apart from giving away everything to charity and making my kids poor before I die. Which is something I won’t do.
Not sure about design (haven’t checked deeply), but there’s Tauri that ticks the first two boxes!
Wait.. If all the docs opt out and do Bitcoin, who’s going to do the doc-stuff? 😂
Congrats!
A slightly off-topic question, but would really appreciate your answer.
How do you view the 10y2y yield curve as a leading indicator of recessions? Specifically the idea that the yield curve “un-inverting” leads a recession by some 4-12 months?
Happy New Year!
Happy New Year!
I’d assume you’re on a different time zone though 😂
Exactly my thoughts. Also, halving hasn’t happened yet.
Hang in there, regarding the debt! The good part is that it should eventually mostly just inflate away! As long as the rate is not too predatory.. (I hope it’s not)
Maybe an inept atempt at kickstarting a Great Wall of Europe?
Yeah.. I find that a bit naive, sorry! I think what this war has demonstrated is that what matters is the ability to strike the enemy supply lines, as well as concentration points deep behind enemy lines. So rocket propelled artillery, and such. Further, on the frontline it’s really about drones, electronic warfare, and armored vehicles.
Everyone having a weapon will just make everyone a legitimate target first, and an immediate subject of torture in any areas captured by the enemy.
Really, the only role you want to be in if you find yourself in the combat zone is to be a combatant.
They are just being naive when it comes to Russia. I guess it’s a natural human thing. People just before WW1 or two didn’t exactly think it’d unfold the way it did.
I mean, it’s not like I don’t understand the sentiment. I do. I think that wanting to get out of NATO, not getting involved in any wars not on their soil, and leaving Europe to its own devices, is a coherent position to have.
But then, don’t pretend it has anything to do with pacifism, freedom, or striving for a better world. Because it’ll be a world where the last islands of freedom are increasingly puppeteered by authoritarian regimes.
My children are older than your son.
Having been born in the Soviet Union, it so happens I understand Russian, although that is not my native language. Me knowing that language is a consequence of Russian occupation that my nation went through. I can also read Ukrainian, but to a lesser extent. I am saying this to explain that I can and do consume primary sources on what’s going on in Russia, Ukraine, Belarus. Your assessment that Ukraine is ‘worse’ can only be a result of some type of propaganda that you have been exposed to. Because if you would have gathered information from primary sources for the past decade, you would know that this is simply not true.
I don’t ask for Americans to send troops to Ukraine. Not least because that would provoke a direct confrontation with NATO, which would pull my country directly into the conflict, and part of the frontline would be situated directly in it. The fact of the matter is though, that Ukrainians have nowhere to go. The beast has come to their house, the fight is on their soil. Where are they supposed to flee to?
All I’m saying is, while they are fighting, they should get everything needed to defend themselves. Because if they stop fighting, and Ukraine stops existing as it gets subsumed by the beast, that will just embolden it. And less than a decade from now, there will be an attack on a NATO country, and that’s when you’ll end up sending Americans to again die in faraway places. That’s the path we’re on of Russia doesn’t suffer a decisive defeat resulting in the collapse of Putin’s regime.