When I look at how many people move abroad and how I can easily talk in Slovak (and Czech) with extremely interesting people - entrepreneurs, innovators, ... in cafes in Latin America, I realize that we are doing an intellectual version of agorism. This is not only a problem of Slovakia, but a European one. That is something that EU/acc movement tries to tackle.

So what is agorism? It is a strategy for increasing freedom whose effect (at least intended) is to deprive the state of as many resources (especially tax revenues) as possible. Agorism itself has many practical problems, but what is happening now is I believe intellectual form of agorism, not in the form of taxes, but in the form of intellect. Here, by the way, it's Pareto distributed. For long term results it basically depends on who the top 1% elite are, they cause most of the positive outcomes, (un)fortunately.

Despite the fact that this is a problem, I see this also as an opportunity. Because it is super easy to reverse. And that's what EU/acc movement is trying to do.

Right now, however, the exact opposite is happening. Already Liberation Travel has started transporting people to immigration offices in Latin America in buses, the cars are too small for the number of people that leave. Of course the current EU comrades may not care about that, when people feel the downstream effect of this, it will be a decade or two later. In the meantime the existing big companies are leading with the tax revenue (also pareto distribution). However, these also have a huge problem, which is not so easy to fix (Volkswagen for example, quite fundamental issues).

In his newsletter, Robert Chovanculiak writes (translation from Slovak):

"International testing has shown that we have a serious deficit in the proportion of adults in Slovakia who achieve the highest levels of literacy. In our country, they make up only 3.1%, while the OECD average is 11.7% and in neighbouring Czech Republic, for example, they make up almost 10%.

This should have been the alarming news that deserved the headlines. 'Warning! Unflattering results. We are severely lacking an intellectual elite in Slovakia." This problem is one of the most serious facing Slovakia. And it is getting worse. Every year about 20% of our (brightest) young people leave to study abroad. In fact, I consider this to be the biggest negative of Slovakia's poor quality universities. Not that they don't provide a quality education to the students who stay here. But that because of their poor quality, some of the best human capital we have has left. And it often doesn't come back."

Deregulate, lower tax burden, accelerate. No, we don't need AI / crypto / GDPR / cookies / usb ports / plastic caps / enviro regulations. We need to remove the ASAP. The original mindset was "we will regulate and everyone else will follow the regulation, because they want our market". Now I recommend a much easier strategy "just remove EU IP addresses / put a checkbox 'I am not from EU'". The burden to implement these nonsensical regulation will not pay back in larger market, just focus on other markets, there are many people who need the product or service outside of EU.

In most cases as entrepreneurs, we can choose the regulations we adhere to. It's as simple as that.

Ignorance ain’t free — Milei never put in the time to study #Bitcoin, now he’s paying the price. Free market at it’s best. RIP

Kids left the house for a week.

Fuck, it's so quiet here...

No správně má být “fediverse vám dává větší volnost vybrat si kdo má právo smazat váš účet se všemi daty a sledujícími”

Já se právě rozhlédl… :-)

Se ti divím, že tento socialistický, eurohujerský plátek čteš. Škoda tvého času :-).

I work in finance and there are a lot of fund managers praising their own business with an upside of up to 15 % p. a.

More likely to be 10-ish. They lock up your capital for 3 to 5 years facing serious penalties if you break the contract. It all got very bad liquidity.

And then I sit there with my Bitcoin in self custody, saying nothing. Operating 24/7 with global liquidity and minimal fees to move it around and/or sell.

And they all think they are the “risk off” posibility.

#bitcoin #tradfi #legqcy #grownostr

Trénování AI modelů je hladová věc. Neptá se kde jsi sehnal potravu…

Pravicový politik…