Just finished myself and there are some things us Bitcoiners conveniently handwave away when we talk about moving to a Bitcoin Standard.

The general populace are now addicted to credit just as they are sugar and processed foods. I feel like that would be a "pry it out of my cold dead hands" type of response.

I'd love to hear people chew into that transition a little more because people aren't just going to openly accept taking it on the chin for the collective team. Moreover, I don't think people think through the violence that will likely occur during such a transition.

What were your questions?

Just finished myself and there are some things us Bitcoiners conveniently handwave away when we talk about moving to a Bitcoin Standard.

The general populace are now addicted to credit just as they are sugar and processed foods. I feel like that would be a "pry it out of my cold dead hands" type of response.

I'd love to hear people chew into that transition a little more because people aren't just going to openly accept taking it on the chin for the collective team. Moreover, I don't think people think through the violence that will likely occur during such a transition.

What were your questions?

Both Biden and Trump are kind of retarded. We have known this for a long time.

During the debate, Biden’s age issues became unmasked. And then during the tragic shooting on Trump, he had the courage and presence of mind to fist bump and come out very strong. And in their emotion, people of course rally behind strength.

But then when we go back to hearing Trump speak for an extended period of time, we are reminded that he is kind of retarded, like where we were before, prior to the emotion of the crisis.

Nothing stops this train. All our heroes are retarded. Stay humble and stack sats.

THERE IS ALREADY MORE REAL ENGAGEMENT ON NOSTR THAN BITCOIN TWITTER.

THE RIDE OR DIES ARE HERE.

ALL THAT IS LEFT ON X ARE BLUE CHECKS CLINGING TO FOLLOWER COUNTS AND PERCEIVED IMPORTANCE.

MOST BITCOIN TWITTER POSTS ONLY HAVE SCAM BOTS REPLYING TO THEM. QUITE SAD TBH.

Is that a baby monitor? it looks like one .. hey man enjoy, be safe and stack those sats brother..

just got a case of modelo for tomorrow ! Happy Fathers Day!!

There is no value in labor as such. Value of a labor input is derived from the value of labor's output as priced on the open market. Do you think an entrepreneur who buys a property, sets up a business, buys all the capital to build a production line, starts paying employees before a single unit comes off that production line, let alone gets sold on the market--you're implying that's not a "contribution." He has taken on the vast majority of the risk, which is what earns him the right to take home the majority of the profit--and yet all this happens while paying his employees a fair (because agreed-upon) wage. Without the profit incentive, there is no investment, there is no development, there is no innovation--there are no entrepreneurs.

Not related.

The labor theory of value was debunked a long time ago.

And yet you think at will employees are being stolen from? Doesn’t sound the Austrians teachings landed

Capitalism is not legislation

Even if you don’t like capitalism the alternative is not respecting property rights, which is a no go obviously.

Your beef is not with capitalism (what happens when people can own stuff).

Your beef is with the state giving preferential treatment to some business also known as cronyism.

Or with the decay of morality brought about by the state destroying the nuclear family and religion

The state didn’t create capitalism in case that was not clear

You can certainly choose to run a business that breaks even on purpose. I don’t deny some people derive more value or satisfaction from having their employees earn a bit more and their costumers have slightly cheaper goods than from being able to accumulate more capital and wealth.

The business that are more profitable will be able to grow more and be able to provide those services and goods to more people adding value to their lives.

My understanding of capitalism is not incorrect. It’s really not complicated. It boils down to a system that respects property rights, which incentivizes people to acquire capital for the purpose of producing higher valued goods and services. The capital will naturally flow to whoever can use it best and manage to keep and increase it.

What your saying is no different to a business owner that takes the profits and donates them to charity.

Employees voluntarily enter into a contract with the employer, so no they are not getting stolen from. They are more than able to negotiate higher pay. And customers voluntarily pay for the goods snd services, so unless the goods and services are falsely marketed no one is getting ripped off. The reason they get paid a fixed salary in most cases is because they are not taking any of the risk the entrepreneur is taking. They get paid whether sales are good or not. The owner takes the risk so he enjoys the upside if the business is profitable or bears the burden of going out of business.

You would greatly benefit from reading any Austrian economics books. I would personally recommend Principles of Economics by Saifedean. Happy to send you a free pdf.