The answer depends on whatever the government wants to claim in court today. Tomorrow it might be different.

What an economy needs first is a solid foundation. We can work with a deflationary currency. What we cannot do is continue with inflationary currencies. That's just like building a house on quiksand.

So, would this keep the reward at 3.25 until we reach 21 million and then just stop? That would be horrible.

What would be even worse is if we got to 20.9999 million and someone decided that we needed to lift the cap so that the inflation could continue. That negates the entire reason for the entire system.

Just because the inflation rate is lower than gold doesn't mean it is at a "good" level. Inflation of circulating currency should be zero. And it effectively is zero because we know the eventual cap of 21M will be reached. By that point, actually LONG before that point, transaction fees will far exceed the block reward and it will be seen as just a bonus that keeps the original programming in place.

that's actually pretty darn cool.

Daily watchlist updates, 4/26/2024

#dividends #TotalGrowthInvesting

If the IRS had local offices that we could visit to get questions answered...

If the IRS phone numbers would actually answer...

If there was a way to tell them that my mother died in 2021 and that her financial accounts were empty...

maybe they would stop sending me letters saying that they were going to seize my property or income to pay the taxes that she failed to pay.

But they don't. And my CPA has been unable to get anyone on the phone.

So I'll have to do what I haven't wanted to do. Ask for help from my member of Congress.

I wish we had a competent government. But, if wishes were fishes...

If we had governance systems that worked without government, that would be possible.

barcode not scannable because of the light, but sent 50.

The most secure form of capital ever invented by humanity, and we are in a struggle between ideals. Is it more important to be able to keep the capital we have safe and hidden from the world, or is it more important to use that capital to build a civilization that reaches for the stars.

We are at such an early stage, I really hope making the wrong decision won't hurt our chances of reaching for those stars. I think the velocity of money is more important given the two choices you present. We need to use this capital to build, not just lock it away and protect it so we can wish someday in the future we had done something more with it.

How about Respect the Goddesses of Nostr!!

Because they are, and deserve to know it.

I created my original self-custody wallet back in 2017. I have my words, and I've been using it to store some of what I have. I've been trusting Coinbase with the bulk of it, because it's easy. Getting everything into self-custody is a goal, but even given the news of this past week I still don't think it's an emergency. I might be wrong, and I'll take the losses if I am wrong. I don't want to fight with anyone, I want to learn.

Is there a wallet out there where I can enter these words, get access to the wallet, and send/receive via lightning without any additional steps or stress? And I mean 'plug in words'+'send' with almost nothing in between. If it gets into multiple apps, steps, equipment I have to buy, or whatever, then it's not worth the fight and I'll just wait longer. Because that combination is what I want.

Anything fit the bill?

Daily watchlist updates

#dividends #TotalGrowthInvesting

Because experts don't know anything. That's why they are "experts".

We are trapped in a cage. We didn't build the cage, but it's where our lives have been for years, decades, even centuries. We can see outside the cage if we choose to look, but we are discouraged from looking. When we dare to look in spite of the warnings, we can see that there are people outside the cage. Those people seem to be busy, living their lives, making things, building things, buying and selling things. They even seem happy to not be in a cage. There's a doorway from inside the cage to the outside, and there's a threshold that we have to step over. Seems to be a high step, but others have made the step.

Should we step out of the cage? Or just ignore what we see and settle for what we are given?

This is a response I got yesterday when I suggested that the student protesters use Nostr and Lightning Zaps to build their networks and exchange value in a way that doesn't feed the corporations and systems that have us under their thumbs:

"Dude, they gotta use whatever social media they know will quickly enable their movement to reach the most students ASAP. No non-corporate has anywhere near the kind of coverage they need. And they can't gain quick access to the supplies they need using non-govt currency, that hardly any of them have or know how to use in the first place."

So, I guess he's saying that we are required to use the chains that we are bound by.

how about no.

I want clean dollars. I don't want my paycheck to include a single penny that can be traced back through the hands of anyone who has ever broken any law, ever.

We're a technologically advanced civilization, shouldn't this be possible?

Bitcoin is for everyone.

Sats at a discount. It's a good day to BUY!

nostr:note15cgulxxtkk8an5sr86uv6ncml60qfw3tkgt4s422muncc2ze3xgskpwafs

Now to get them to come to Nostr, set up a lightning wallet, and post about what they are doing. Watch the zaps fly.