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SpacemanSpiff
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It's pretty dark but in a Mars Attacks kinda way. Enjoy the ride.

Nah, the bank transfer will take longer than 3-5 days and you will need to expose all your personal information to exploitation in order to use it.

I don't think it's even about revenues. It's a disincentive to sell assets in order to create fake scarcity and prevent the bubble from bursting. The funny thing is it will be sold as countering inequality while exacerbating it, and the sheep will buy it.

This is similar to what happened in Europe b/w arpund 400 and 1000. The Roman Empire grew corrupt and decayed, leaving a fractal political hierarchy loosely coordinated by the church and intermarried nobility. This loose confederation was called the dark ages or low middle ages.

By all means there were pros and cons. Clearly trade was much more difficult, but local economies were more self-sufficient. Stifling and corrupt bureaucracy was much less of a problem, but it was a roll of the dice whether your local lord was a sociopathic minityrant. The reach of a state was limited and escape was geographically easier, but it was difficult to be assimilated elsewhere. The size of internecine wars was kept in check by the presnce of multiple opportunistic armies on every microstate's border, but it was difficult to organize defense against powerful outside invaders like the Arabs, Huns, Bulgars, and later the Mongols - although to be fair Rome didn't fare much better. In the end the game theory of strongest army wins caused consolidation into states and later empires.

Small states plus freedom of trade and movement seems like an optimum, but I'm not sure it's actually possible. Even the most successful such confederation, the German one that spawned the reformation, was eventually forced to consolidate around a quasi-military dictatorship. Maybe changing the economics of violence changes this - if immigrants bring wealth with them perhaps assimilation is more incentivized; and likewise the returns to local tyranny are reduced if peasants can hold their own wealth irrevocably.

We can play what ifs but what was the realistic timeline? There were about 4M slaves in the US in 1860. Peaceful emancioation was not imminent. How many years of their nominal freedom was 655k worth? It's not obvious that electing a tyrant was not the right thing to do at that time.

I still haven't drunken the anti-Lincoln koolaid. I get it, he was a tyrant. But when you shun natural laws for long enough, you end up with the law of the jungle and all that comes with it. I haven't heard a credible theory about how you avoid Lincoln without 2-4 more generations of chattel slavery.

Replying to Avatar Lyn Alden

Both taxes and money-printing redistribute capital, but the difference is that money-printing does it less transparently.

With money-printing, the effect works behind the scenes in ways that are harder to quantify. That's why when a government can't find a solution between hard spending choices, they print money. It's the easier method.

People know their personal tax rate, they will riot if their taxes are too high, and they know exactly who is responsible for tax levels.

But inflation is a more complex beast. It comes with a lag, for starters, since it takes time for printed money to work its way through the system. And when it comes, propaganda built on grains of truth is effective at making it unclear to people who is responsible. "It's the greedy corporations that are responsible for raising prices, not the fact that we increased the money supply 40% over the past two years!"

And so money-printing effects people not directly based on their income, their need, or other things, but based on their level of awareness of what's happening. It rewards people who are aware of it, and are borrowing the devalued currency, owning scarcer assets, and denominating contracts in harder currency. It harms people who are not aware of it, who are earning wages in and keeping their savings in cash or bonds. Many of them are led to believe that CPI is the target to beat, which is a false low target. The real target is the money supply growth rate.

And capital gains taxes, if the cost basis is unadjusted for the rate of money supply growth, further recoup some of that value from the various harder assets that aware people try to protect themselves with.

A lot of MMT advocates act as though they found some grand formula. But really what they have re-identified is nothing new: it's that the less transparent that government spending is, the bigger it can be before people will complain. People will complain about taxes right away, but currency debasement is the sneakier method for which the consequences come with a lag. So it sidesteps hard decisions this year, and leads to bigger issues a year or two from now, when someone else can be blamed and the whole ordeal can be obfuscated.

And it's not new, despite how some MMT advocates would spin it. Currency debasement has been occurring since the adoption of coinage. And even MMT-scale currency debasement has been occurring since World War I. It is turned to so frequently because its lack of transparency allows it to occur at times and magnitudes when more transparent taxes would not.

What comes after it? I recall in the 90s and 00s it seemed like the tax thing was stalemated but what you're saying is that just escalated things. Is there something between this and hyperinflation?

Replying to Avatar Daniel Batten

You’ve probably seen GreenpeaceUSA's Bitcoin report by now, and my response (if you haven't been blocked).

Here’s six things that every environmentalist, Bitcoin advocate, regulator, policymaker and media representative should know about GreenpeaceUSA.

I've had this information for over a year, but have held back on going public with it until now because there were initially signs that GreenpeaceUSA would be open to engaging with environmentalists within the Bitcoin community.

With them now blocking me from commenting on their tweets, all hope of that has now ended. So here's what I can tell you about GreenpeaceUSA, and their campaign that have not been aired publicly until now, and which may surprise you.

Firstly, some context: I’m a former volunteer environmental campaigner with Greenpeace. I once risked arrest to stand up for causes I believed in, including an anti-GMO campaign against McDonalds which was successful within 6 weeks, and hailed as an example of how creative direct action can yield fast results. One of the differences: we talked to McDonalds (something no one at GreenpeaceUSA is currently doing with the Bitcoin community).

I know a number of people in the environmental movement, and I would like to thank them for their honesty in whistleblowing on a thoroughly misguided campaign from GreenpeaceUSA from start to finish.

1. GreenpeaceUSA’s campaign does NOT have the backing of Greenpeace International. In fact, other branches have asked questions of GreenpeaceUSA’s tactics, and even said that their campaign is damaging the Greenpeace brand, and has resulted in the loss of subscriptions.

2. Within GreenpeaceUSA, there are a growing number of voices of discontent. There is a growing division between some of the younger crypto-neutral or crypto-friendly millennial in their base, and the directorship of GreenpeaceUSA

3. As we know, GreenpeaceUSA did receive a $5Million donation from Ripple’s chair Chris Larsen to run an anti-Bitcoin campaign. What you probably do not know is that within Greenpeace, several staff have questioned whether this is ethical, or in the spirit of an organization that says it relies only on grassroots funding in its sign-up pledge.

4. Some members of EWG and SierraClub, particularly younger members, were not enamoured with their organization’s collusion with GreenpeaceUSA’s ā€œChange the Codeā€ campaign. EWG has not engaged in anti-Bitcoin rhetoric since 6 April ā€˜23.

5. The head of GreenpeaceUSA’s ā€œChange the Codeā€ campaign has stepped down and is no longer any part of GreenpeaceUSA. At the time of his stepping down he was reported by a source within GreenpeaceUSA to be questioning the wisdom of the campaign.

6. Within GreenpeaceUSA, we know from multiple inside sources that the Change the Code campaign has been widely acknowledged to have been ā€œnot particularly successfulā€. GreenpeaceUSA’s campaign got off on the wrong foot right from the start, by antagonising environmentalists within the Bitcoin community, such as me. Here’s its half-time report (TL;DR, the worst performing environmental campaign I’ve ever witnessed). https://bitcoinmagazine.com/culture/greenpeace-environment-attacks-help-bitcoin… Now, the campaign is in more disarray than ever, resorting to tenuous ad hominem attacks against Satoshi Action, based on the discover that one of their supporters is a climate denier. True. Well, guess what: one of their supporters is also a plant-based, tree-hugging, climate-activist & meditation teacher: me. That’s the beauty of Bitcoin: it pulls people in from across the political spectrum: we are as diverse as society itself, and that’s what makes us strong. As I wrote recently, ā€œwhen the ship you’re standing on is sinking: it doesn’t matter if you’re on the left of right side of it.ā€

I hoped GreenpeaceUSA would end their anti-Bitcoin campaign before their credibility and relevance to the new generation of millennials they are currently disenfranchising is completely severed.

But it seems at the moment they are more intent on doubling down on misinformation. Their leadership must change for them to ever have hope of becoming a true voice for the environment again.

Good post, but disappointed you feel into the trap of branding your colleague with your rival's "climate denier" slur without irony or qualification. In current discourse the term is used against anyone who adopts even moderate views on the topic. Words matter!

Replying to Avatar Jeff Swann

You only ever hear the left talking about dog whistles because it is primarily people on the left who say things they don't actually mean. Socialists like to hide references to destructive & parasitic ideas in flowery language so that they will gain both the support of the uninformed & the support of those who already understand the references. But then they project that same sort of dishonesty & deception onto their opponents & claim that rightwing dog whistles are everywhere. Which as far as I can tell is largely untrue, but it persists because it helps them to innoculate their supporters against hearing anything that the opposition has to say.

There are people on the right with awareness that leftists have this paranoia about the language used and they will troll them by coming up with meaningless slogans specifically to elicit hysterical reactions. "It's okay to be white" & rumors about the OK hand symbol were consciously created to this end.

Some small subsection of people who identify themselves as "libertarians," the subset that is far too caught up in seeking approval from the rest of the political system, has tried to use halfway deceptive leftist tactics to trick some of the left into supporting libertarian ideas, but these are never the things attacked by the left. And the reality of the matter is that it really only works in one direction. The effort required to understand & apply the sort of ideas needed to solve problems is always greater than the effort required to create the problems, so you really can't trick people into supporting anything but destruction.

But everyone who believes a politician or political party is going to save them, no matter which side of the isle, is caught up in the same religious cult where the govt is their god or their imaginary paternal figure. It's not even all that unusual to hear people on either side refer to govt as a needed parent. It seems odd to me that grown ass adults would openly admit to such an infantile way of thinking.

The right plays the language game too. Patriot Act. No Child Left Behind. War on Drugs. Axis of Evil. When the game is to see who can promise the most impossible things in order to get their hands on the newly stolen money first, sociopathy consumes every ideology. Maybe there's a difference of degree or timing, but really that just means you're the sucker in a rigged game.

They're trying to build a prison for you amd me to live in

Every time Signal asks for money I click the link... and every time there is still no option to pay in bitcoin and I close the link.

Replying to Avatar Brad Mills

I’m really struggling with lifestyle FOMO right now.

I have been a good HODLer for the last many years.

I sold some BTC in 2017/2018, after taxes I used the money to invest in companies, diversify into real estate and take some trips / make some films etc general lifestyle improvements.

I wanted to buy a Tesla X and build a dream home.

After some thought, I chose to frig the Tesla (even easier decision to stick with when Elon started shilling DOGE) and take the same money I’d have spent on 1 dream house to instead use it to upgrade my family’s living arrangements.

For myself, I did some minor renovations and landscaping on my existing house and we purchased and renovated an older home in Cape Breton and a Class C RV to drive back and forth with for summer visits.

That felt like the right decision, a modest lifestyle upgrade for myself while elevating the standard of living for my family and investing in Bitcoin entrepreneurs building bitcoin startups.

I even managed to buy back some BTC with the leftovers, albeit at higher prices.

I’ve been practicing delayed gratification for many years…however over the last 2 mths I’ve been experiencing a very big desire to upgrade to a more comfortable home.

We found an estate locally that is incredible, my wife fell in love with it, and I’m really struggling with the decision.

I know this is the absolute wrong time to sell BTC.

The real estate market in Ontario Canada is likely to see big drops over the next few years, and BTC is likely to see big gains over the next 2 years.

I’ve regretted selling too much bitcoin in the past, yet here I am wanting to do it again.

I really don’t think it’s a good idea to take on a large mortgage right now either since rates are so high … I’d hate to be a forced seller of BTC at lower prices in case we don’t see a raging bull market.

Is anyone else struggling with this?

Is this a top signal šŸ˜…

Yep, slightly diff details, but same. We pulled a bunch out of the market anticipating a big dip and, 3 years later... a small fortune losing 10% a year in t bills and an approved home design with quotes 40% above what we planned for. Eh, #UnicornProblems. I consider myself extremely lucky that this is the thing that keeps me up at night. You're in a no-lose quandary when it's all said and done right?

Reject the premise. Ethics evolved through natural & group selection which suggests they are consequentialist at root.

Society is a complex system in a complex environment, so consequentialism is impossible to enact in practice. Deontologic rules developed to codify best practices; bit those best practices become pathological if conditions change.

So then character variance serves the role of recombination and mutation so the evolving system can react to changes in technology and environment. Even character traits like psychopathy are valuable and celebrated in society in certain situations.