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Michael Snoyman
e3ba5e1a06e11c860036b5c5e688012be2a84760abc066ac34a099535e433365
Programmer, economist, author, speaker, weight lifter, Bitcoin enthusiast. Born in 🇺🇸, living in 🇮🇱 עזרי מעם ה' עושה שמים וארץ

I will never tire of flat earth memes #memes #memestr

#memes #memestr #wildfires

I’m down for the discussion. But I’m also excited about how many things may naturally resolve themselves once the money printers are decommissioned.

They’re not nearly as big a barrier these days thanks to ubiquitous translation technology. We’re almost at the point where you can be on a video call with a person who speaks a completely different language and you can let automated closed captions translate for each of you.

With all of the talk around the wildfires, I've been talking about moral hazard a lot recently. I've had a backburner blog post on incentives planned for a few weeks now, so I decided to finally write it! nostr:naddr1qvzqqqr4gupzpca6tcdqdcguscqrddw9u6yqz2lz4prkp27qv6krfgye2d0yxvm9qq2kkd6fdd9rj36lxezn27npgdfxzuj2xuck65jg43p

I tried some LSP-based wallets (Zeus in particular), plus played with some self-hosting before I gave up and moved to custodial. I've been happy with https://coinos.io thanks to its Nostr Wallet Connect support. If you play around with self-hosting, I'd love to hear the results!

#memes #memestr I’ve been told that my first ice cream experience was similar

https://youtube.com/clip/UgkxWYZSt0UaYixt24DA-jfqmuXJ1FJCaXbh

I like to search for the common denominator underlying seemingly different behavior. Understanding how money printing leads to so many of the ills in society today helped that process a lot.

But what underlies the goal of being able to print money? I think that common denominator may be avoiding personal responsibility, which _really_ means avoiding consequences for mistakes. Government-owned money printers are designed to ensure that no matter how much an individual, corporation, or government fucks up, someone can bail them out. (Think: lender of last resort.)

Since this is also the core distinction between the overall Left and Right these days, it begins to paint a clear picture of two viewpoints of the world: individualism and responsibility leading to hard money, or collectivism and safety nets leading to fiat.

"Too big to fail" was a perfectly apt term to describe the core of their philosophy.

Me to npub1ytxxers306jvc33akk4zpunnazm058sx8sarw3008wpnw2vlzpdsw2qztz: I started season 2 of squid games

12-year-old standing there: did you get to the famous scene where (insert spoiler here)

Me: no

.... awkward silence...

12-year-old turns beet red

I never thought of it this way before, but sex before marriage is high time preference/borrowing behavior.

Hard money (and therefore real economics) is all based on competition: providing value for value, with willing exchange.

Opponents of this approach believe that competition is wasteful, and that if we simply dictated (through use of force by unaccountable governments mind you) what people should do, the world would be so much better by avoiding that waste.

Never mind the fact that the track record of central planning demonstrates it never works, and that competition always makes the world a better place.