The mempool is still a pool even if people regularly shit in it.

You can flood a street and float a boat down it, but it still functions as transport.

Bitcoin the network is a medium of exchange.

Deal with it.

I was told I can think for myself.

I would like to build , because I want to.

But game theory. 🚫

The vast majority of paper dollars deposited at a bank don’t physically stay in a bank in a vault. It is transferred into digital and held in the bank’s database. It is mostly digital. The “base” of the fiat system is US Treasury bonds, debt.

Cash is probably the closest thing to Bitcoin that exists in fiat, but it’s just pieces of paper that only cost a few cents to produce in paper and ink. Bitcoin costs a significant amount in energy and equipment to produce.

That’s a great book. This one is good too.

The “cash” on bank databases isn’t physical.

Schiff’s point is that it can’t be money if it isn’t first used as an economic good. He’s wrong because people were using the network before it was ever given a. Alue, and then people started seeing its value and voluntarily storing their value there.

Voluntarily flies in the face of state force via laws regulation tax, and sometimes kinetic war.

Looks good! Happy birthday!

Idiocracy: Brawndo CEO said if we use water to help grow food instead of Brawndo, the computer will do the auto-layoff thing and the stock market will crash.

I guess my concern with lightning isn’t so much that it’s a magnet for state regulation, but that it might be easier to fuck with the monetary policy off-chain.

So many fell victim to structural adjustment.

It’s imperative that Bitcoin’s monetary policy doesn’t change for any reason whatsoever.

I’m thinking this is why Bitcoin counts down to zero, not up to 21m. To change that, it would have to start all over.

They don’t call us psychopaths for nothing.

The value you have in learning about Bitcoin is only known to you. Translating that into skills that are useful is important. Bridge the gap from what you have been doing and what is useful in a new paradigm.

If you think Bitcoin is going to zero, ok send me a bitcoin for free. Everyone laughs.

If Bitcoin goes to 0 and I work for it, I never retire.

Also if I work for fiat, I never retire.

There’s no difference there.

Are there bitcoiners in need of a bookkeeper?

I’m thinking of accepting Bitcoin only to keep books on the side, hopefully to completely replace my fiat job. But I won’t do it for fiat.

#asknostr

Yes. I’ve noticed I know way more about Bitcoin than I do anything else I may try to invest in. I feel way safer putting significant value in Bitcoin than even trading small amounts in things like large cap stocks, or even just holding any significant cash for just a few days.

Shameless?

Ruined everything else forever

I was literally buckled up listening in the car. My wife is from Philippines so I had her listen to the part about Ferdinand Marcos. She remembers the curfew and martial law, but said that people loved him, even though that’s probably why her Dad moved to the states.

It’s on audible, so I bought it. Listening now. Thank you. 🙏🏼

Maybe they’re getting ready to forc money printing and cbdc. A lotis happening rightnow, something iscoming.

I don’t really speak out. Topics are usually zoning and shopping center or apartment development plans, road repairs, budget, pretty standard stuff. I could see myself eing opposed to debt funding projects or unreasonable requirements in building codes.