España, Pan y Circo

España es un estercolero intelectual, mientras sufrimos una inflación desbocada que roza ya más del 40%, los medios de desinformación se dedican a “entretener” al pueblo con historias rocambolescas como el descuartizador de Tailandia o el beso de Rubiales.

No culpes a los políticos, lo que pasa en España es culpa de los españoles.

España es un país mediocre, lo tenemos todo, somos un mundo de posibilidades y a su vez no tenemos nada, fuimos un imperio, el imperio más longevo de la historia y en algún momento de la historia, perdimos ese virtuosismo hasta ser completamente irrelevantes.

España pura decadencia, un país a tener en cuenta para ver en lo que se puede convertir tu país gracias a los altos impuestos, a la falta de emprendimiento, a la ideología woke, a la inmigración sin control y aun sin fin más de razones que prefiero olvidar.

Un país totalmente rendido al socialismo, donde la máxima aspiración de los jóvenes es ser funcionario, donde la máxima aspiración de muchos trabajadores es recibir un subsidio del gobierno.

Cuando gobierna el débil, cuando la ley es para el débil, solo hay caos y miseria.

Nostr clients need a low-data mode

All my servers are costing $600 a month.

Only revenue i get is through zaps and that is dwindling it seems :(

They will try everything, the question is if they really have in their hands the power of enforcement

It contributes to regulators cracking down on p2p exchanges, things like tornado cash, etc. And now proposals like the RESTRICT Act.

They were already doing kyc and so forth but now they have more narrative justification to try more draconian things.

Unlike the 1930s/1940s, though, Congress is very divided politically.

Back in the 1930s and 1940s, there were a lot of capital controls, lending restrictions, securities restrictions, etc. And it was for two different but intertwined reasons.

One obvious reason was that, among countries involved in trade wars or shooting wars, they wanted to reduce capital flows to the enemy.

A second reason was that, due to the war, sovereign debts became so high relative to GDP that they had to inflate away the debt, which was a form of default. It wasn't just 6102; it was a broad range of controls. Carmen Reinhart described it well as “creating a captive audience” in an

IMF Working paper:

“High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative ½ of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.”

-IMF Working Paper No. 2015/007

Unfortunately, as most here know, both conditions are once again present in the 2020s. The US/Europe vs Russia/China contest is providing a useful excuse for governments to crack down on privacy, p2p exchange, money transfer, etc. Meanwhile, western governments have a similar sovereign debt problem that ultimately necessitates inflating the debt away.

Some of this Operation Chokepoint 2.0 stuff is just targeting scammy crypto companies and things like that. And the SEC enforcement actions are also going after crypto securities fraud and so forth. For bitcoiners, those things are not particularly relevant.

But under the surface, the bigger risk is all of the ongoing pressure on privacy, p2p, and the free flow of capital, including tighter bank restrictions and debanking.

They are not programmed, they learn from piles of text. That is literally how large language models work.

yes, BUT bukele goverment lives because TAXES, not because prices, in a world of BTC holders, taxes disappear, and prices emerge, for the moment, all is paid with taxes.

A lot of criticism of #Bukele's management of the criminality in ES following his and

#[0] tweets. Fair enough. But to those who say "it is a statist way of addressing the issue", I don't believe any #bitcoiner in his/her right mind would enjoy a #lawless society. If anything, the State should ensure security and protect PrivateProperty to enable prosperity. No State, no courts, no prisons = absolute #anarchy