PRAGUE — The Czech Ponzi scheme for retirement pensions reported another positive month as a fresh influx of cash halved the fund’s deficit compared to last year. If the current pace of fleecing victims continues, scheme management claims the fund might even reach balance next year, keeping the pyramid airborne for now.

Analysts warn, however, of much darker prospects after 2040, when the number of available victims will dramatically shrink, while claimants seeking payouts soar. But that’s a headache for future management—along with cleaning up after the inevitable crash.

GM.

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Why don’t central bankers just communicate with us through a chimney as well? 😅

They're totally robbing themselves of all that mystique and ritualistic vibe, which they then have to awkwardly compensate for with pseudo-scientific mumbo-jumbo about central planning.

Can I unilaterally return to L -1? 🤔

Tru dat. Let's get rid of the police

🧵 A Brief History of Money – According to a Bitcoin Wiseass and Self-Proclaimed Monetary Philosopher 🍺💸

1/ 📜 Ledger

The earliest forms of money were basically just informal promises – like social IOUs for favors or good deeds, either remembered or locally written down. This worked in tight-knit groups where trust and reputation mattered. But it didn’t scale to larger communities.

2/ 🪙 Tokens

When trust breaks down, physical objects step in. Rare, labor-intensive, and often decorative items – shells, pearls, stone disks, metal rings. Their value was usually more symbolic than purely material.

3/ 🥇 Precious Metals

As civilizations and trade grew, people needed a universal medium of exchange. Enter gold and silver – rare, durable, divisible, and easy to verify. The first coins were born, and so were the first attempts at debasement – rulers started “cutting” the metal content when they needed more cash for ⚔️ and 🏰.

4/ 💰 Gold-Backed Currencies

As trade went global, lugging around metal coins got old. Enter paper currencies backed by gold – “Let’s just pretend this piece of paper is as good as the gold it stands for.” This worked… until bankers started printing more notes than they had gold in their vaults.

5/ 📝 Centralized Ledgers

Physical tokens hit their limits in the age of globalization and instant communication. So we came full circle, back to ledgers, but this time controlled by governments and their banks. Currencies go digital, transactions get logged in closed, easily manipulated databases.

6/ 💵 Fiat Money

In the aftermath of World War I, governments began to loosen their ties to gold – it was just too restrictive for central planners with a soft spot for printing money. What started as a sneaky trick of counterfeiters turned into the backbone of a whole new economic theory. The result? Some of the worst inflations and currency crises in history.

7/ 🟠 An Incorruptible Global Ledger

An open ledger that no one can tamper with or game. A return to the roots, but without the need for any trust. Neutral money – a nightmare for those who profit from the old, rigged system.

I’ve been my own bank for a long time. Lately, I’ve even been running LNbits accounts for family and friends—which means I see every payment they make. It’s not ideal. Only when they can hold (blind signed, electronic) cash of their own will our little family bank truly respect their privacy. 📧

Thank you nostr:nprofile1qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccpzamhxue69uhhyetvv9ujuvrcvd5xzapwvdhk6tcpzemhxue69uhks6tnwshxummnw3ezumrpdejz7uzwgud

It’s such a privilege to be here with the brightest. 🫡

→ 🪢 Jeď svůj vlastní uzel

Ever wonder which #cashu mint on audit.8333.space has the best average swap time?

so you’re a palma guy? 😅

profound truth

there's light at the end of each barrel 🫡

gm, my echo chamber!

nevent1qqszqt4cfp70yvznqgg9gf3t4kacxs99znegrtc3gql5cyaereslnucpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg4x3tl6

GM, fellow bitcoiner parents

Sir, do you need any help? Maybe call a doctor?

Good points, thanks for laying that out.

I get that DNS and certs are centralized and flawed — totally agree there.

I’m just not sure those blockchain-based solutions outside bitcoin really solve the core trust problem:

Who’s writing what, based on what authority, and why should anyone trust it?

Bitcoin can do this purely from inside — no third-party verification, no assumptions.

Also — how are the incentives handled in those other systems?

Is there a valuable token? Who issues it?

Can it be distributed fairly? Without a pre-mine?

Seems like that kind of neutral, incentive-clean launch — for native internet value — is a one-time phenomenon.

Does it work without introducing new trust assumptions?

Genuinely curious, not dismissive. Always trying to see what holds up.

Blockchain without bitcoin is just marketing.

Wrote down some thoughts — for anyone still getting distracted by the buzzwords.

🍿🧡

nostr:naddr1qvzqqqr4gupzphnvvw4eqaulr59w470dn0ma8fmehm8p609f0cshrzcn4ngzswymqythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qy88wumn8ghj7mn0wvhxcmmv9uq3qamnwvaz7tmwdaehgu3wd4hk6tcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9thwden5te0dehhxarj9ehhsarj9ejx2a30qql5ymr0vd4kx6rpd9hz6sn909hkuepdgf5hgcm0d9hz6sfd23jkx6rwdakx7eme94tkjargda6hgttp94g82unsdaek2tt5x4shxdfn38aymx

https://highlighter.com/a/naddr1qvzqqqr4gupzphnvvw4eqaulr59w470dn0ma8fmehm8p609f0cshrzcn4ngzswymqythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qql5ymr0vd4kx6rpd9hz6sn909hkuepdgf5hgcm0d9hz6sfd23jkx6rwdakx7eme94tkjargda6hgttp94g82unsdaek2tt5x4shxdfne6rkph

Mně se ale strašně líbí ten koncept hrubé mzdy jako čísla, které nevyjadřuje ani kolik mi zaměstnavatel platí, ani kolik mi přijde na účet! Taková úplně typická státní zástěrka. 😅

Cheering for you! But if you fail, I’m collecting a beer as emotional damages. 💪