And any nation-state could do this and take the lead in terms of the transition from our current debt based monetary system to a wealth based monetary system. It would scare the heck out of the IMF and other international institutions that are currently designed to keep us yoked to the wheel, so we should be encouraging it at every opportunity.

The only way to pay down the national debt is by balancing the budget. And that's the last thing on their agenda, given that they want to increase the debt limit by $4T to give tax breaks for the rich equaling $4.5T. What I think they should be doing is requiring legislation in Congress to adhere to PayGo rules again like we did in the 90's. It will take around 5 years to balance the budget, and then 30 years to pay off all of the long term Treasury Bonds that are on the books. I think they should be building a 1% surplus and putting that towards replacing our Tax revenue with Bitcoin mining. Buy hashrate, we don't need a strategic reserve. Bitcoin as Money should be used, not hoarded. Buy hashrate, sell the bitcoin that comes out of the miners, put the money from the sale into the general fund. Keep building that for 30 years, and income taxes become unnecessary. Tariffs become unnecessary. The US dollar explodes in value because it's not being devalued every year because of the budget deficit. And when all bonds are paid off after 30 years, switch the Medium of Exchange to the Satoshi and let's expand to the stars.

I think it's a silly distraction.

And I hope we take advantage of the opportunity and eliminate all debt, entirely. I don't think he is wrong, but I also think that even he is thinking small.

I think you're on the right track, but I think you're missing something. The figure of $454 trillion being cited as total global wealth is actually net asset value, which is total asset value subtracting liabilities. If we're moving away from a debt based monetary system and towards a wealth based monetary system, then I think you're using the wrong number. The Bitcoin network represents ALL capital value in the world. So I think it's very possible that the total asset value could exceed $1 Quadrillion, which would give each Bitcoin a value of $47,619,047.62.

Yes. Mostly because I see no reason to not be nice. It may or may not have any effect on the LLM's responses to me, it may or may not influence how our robotic overlords choose which pets to keep alive, honestly it's just a habit that I try to enforce for myself about what kind of energy I am putting out into the world. If we can't be nice to computer-based systems or animals, then how can we be expected to be nice to our fellow humans who desperately need positive feedback to prevent them from going postal given how much chaos is in the world?

Just added your book to my wish list. I'm doing a lot of reading in preparation for writing my own book using what I learn. The way that I see it, what we have now is a debt based monetary system, and it's dragging us into a black hole. What we need is to transition to a wealth based monetary system, because that's the only way to save us and let us expand. We have gotten away from the market as a tool of evolution, allowing us to identify and perfect methodologies and technologies that help save energy and materials, and instead we are focused on using the markets to accumulate as much 'money' as we can, harming or destroying any one or anything that gets in our way. The true 'free market' gets us back in line with the natural world which has spent the last 3.5 billion years trying to perfect the energy and material wealth that our world has to offer.

What would it take to set up a set of business accounts on Bitcoin that would automatically generate all of the various business reports automatically from on chain data?

We already can, through nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jqjrm2qp and other platforms. Adding Bitcoin directly to Google Wallet would be interesting.

When I think about nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpqex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jqjrm2qp and nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqywhwumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wsqzp382htsmu08k277ps40wqhnfm60st89h5pvjyutghq9cjasuh38q7t6dtc , what comes to mind is when Tony Stark was hammering the anvil at the beginning of Iron Man.

Chink, Chink, Chink, ... building the future, one strike at a time.

Four Tear Hashes? Um...

Here's a chart from Bloomberg.

Looks like Trump's first term really didn't do much, but the transition between Trump and Biden was chaos, and again in 2022, and Grok tells me it was a Covid variant that caused some major disruption that year.

It makes me curious about previous transitions between administrations.

I asked Grok:

Are there any stores that sell the same sorts of pieces and parts left after these two closed?

Yes, even after the closure of Fry's Electronics and the significant reduction of RadioShack stores, there are still several places where you can buy electronic components and parts:

Micro Center: Known for selling a wide range of electronics, including computer parts, they also have sections dedicated to electronic components like resistors, capacitors, and more.

Best Buy: While primarily known for consumer electronics, Best Buy still sells some electronic components. They have a trade-in program for electronics and occasionally stock parts for DIY projects.

Jameco Electronics: An online store specializing in electronic components with over 45 years in business, offering a broad selection of products at competitive prices.

DigiKey Electronics: One of the largest distributors of electronic components, with an extensive online catalog and a focus on both hobbyists and professionals.

Parts Express: Specializes in audio components but also carries a wide variety of electronic parts like resistors, capacitors, semiconductors, and tools.

Circuit Specialists: Offers everything from electronic components to prototyping supplies, suitable for hobbyists and small-scale projects.

Mouser Electronics: Another major distributor with a vast selection of electronic components available online.

Local Electronics or Hobby Shops: While less common due to the dominance of online retail, some local shops still exist that cater to hobbyists, often with a selection of parts and advice from knowledgeable staff.

Online Marketplaces like Amazon and eBay: These platforms have a vast selection of electronic parts from various sellers. Amazon, in particular, has its trade-in program for electronics, and eBay is great for finding both new and used components.

Specialty Online Stores: Websites like Instructables have shared lists of suppliers for hobby electronics, mentioning platforms like Findchips and Octopart for searching specific parts.

This landscape reflects a shift towards online purchasing but still provides ample options for those looking to buy electronic pieces and parts, whether for hobbyist projects or professional use.

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So, what we need is for someone to install solar panels on a store roof, power bitcoin miners in a farm, use the bitcoin that is generated to help pay the expenses of a Maker Space with as many of the products and services sold by these companies as possible. Bitcoin Maker Spaces. Anyone interested?

Please, will someone PLEASE set up a way to use Nostr as communication between a service provider on Yelp and a customer. They have SMS, but then the number disconnects and communications break down. Nostr would solve all of that in a single step.

Art requires interpretation, and there can't be an assumption that everyone's interpretation is going to be the same.

Specifically, it's not the middle or working class that controls the government, it's the rich who want government to control the middle and working class. I'm not disagreeing with the meme, just putting forward my own interpretation.

The Federal Reserve stopped officially reporting this data in late December. I hope it's a fluke and they start publishing again. Otherwise we won't actually know how bad it is getting, we'll just have to stack sats and hold on for dear life.

I would not mind a relay based service that acts as a hunter of images like that and provides reports to the proper authorities. But I wouldn't want something like that bogging down the base level protocol and slowing things down for everyone on the planet.

Oh, I'm fully aware. But that doesn't mean we shouldn't brainstorm about how the ideal world should work.

There are authorities that are actively hunting for the source of these images, globally. As much as I hate the content, the best thing we can do if we want to let those authorities find the kids and the perps is to flag the user account and the content as such and let those hunters do their jobs. That's not ignoring the problem and hoping it goes away, it's specifically identifying the profiles and accounts to that the metadata on the images can remain intact and available. I'm sure there will be AI solutions on the corporate servers, but I don't want those on Nostr. Report, Mute, Move on. That's all we can do unless we are the hunters.