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TorusZero
f2dac81b2bc53d9ff003c4b70fc621da22fd165567223ec53376f9cf446d3743
Bitcoiner & Pleb Miner

We don't need price controls, we need spending controls

Replying to Avatar Lyn Alden

The complicated aspect about the Social Security system in the United States is that it was falsely marketed.

It's called an "entitlement" because people pay into it and are supposed to get it back like a pension, regardless of whether they are rich or poor when they retire. And so the Baby Boomer generation views any cuts to their social security as a rugpull, basically. It's not insurance or charity; it's an entitlement.

However, although it was marketed as like an entitlement/pension, that's not how the math worked out in practice. And it's because population growth is slowing. It was based on ponzi math, assuming that every generation will be bigger than the one that came before it. But the Baby Boomer generation was huge.

In addition, when Social Security was created, the retirement age was set near the average life expectancy. Many people would not live long enough to collect it, and most would collect it for a handful of years. Only a small minority of outliers would work for like 40 years and then live off social security for like 20+ years. But then over the decades, life expectancy increased by like 15 years, so the default assumption is indeed that someone can work for 40 years and then have 20+ years of retirement, even though the amount they pay into it doesn't really mathematically cover that. It's not designed for that en masse.

And so Baby Boomers had like a 3.5 worker-to-retiree ratio to support in their peak earnings years, while Millennials will have more like a 2.5 worker-to-retiree ratio or less to deal with. Which means they get a worse deal. Many Millennials don't even think they'll get it at all, despite paying into it.

That breaks up the social contract and sets up inter-generational political conflict. "Fourth Turning" stuff.

It's a big reason why "defined benefit" plans are inherently unstable; they rely on being able to predict the future.

And it's also a big reason why, when speaking about deficits, nothing stops this train.

Who has an Alby invite code for me?

I ran into this yesterday when setting up. Here is what worked for me:

1. Set your VPN outside of USA

2. Download Wallet of Satoshi direct from website

3. Setup through NOSTR client to connect to WOS (I just sent 5000 SATs from Strike to fund it

4. Turn off or move VPN back to US

5. Start Zapping

This was not suppose to work but has been fine for sending and receiving

What's your recommendation for lightning wallet for Zaps in the US that is no KYC?

Replying to Avatar ABH3PO

Most clients don't do the same things, https://pollerama.fun is a polls client (for now) https://formstr.app is for forms.

https://wikifreedia.xyz is a wiki.

You decide whatever social feature you'd like to see that isn't already there (or isn't dome like you'd like it), and build it.

Interesting. Just diving back in after a year or so. A lot has changed

From a non Dev, what is the reason to create new/more social media clients? Seems epic to have that scalability and ease, but what's the use case?

I have been testing Wallet of Satoshi. Downloaded from VPN outside US and worked fine sending g and receiving Zaps. Then turned VPN off, IP is from US, and it is still working fine....

I am trying to make this happen. Primal need NWC and I was able to zap with Amethyst, but it required to confirm with the WOS app. thoughts?