gm 🇨🇭

Sheesh I HAVE AN EMAIL REPLY FROM THE FT JOURNO WITH SCARCE TEETH, KATIE MARTIN....

AND IT'S ALL SO TIRESOME

Any tips?

Last time this happened I managed to get the FT journo invited to a bitcoin conference and it was like watching a slow motion car crash.

Governments and central bankers have done more to drive #Bitcoin adoption than any of us.

- nostr:npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a

#BitcoinTwitter

This is the surface of Venus, captured by a Soviet probe in the 1970s

A piece of one of these missions just crash landed in the Indian Ocean

I didn’t even know the Soviets had landed crafts on Venus, took photos, recorded sounds, etc, until a few years ago

People that think that the only way that #bitcoin mining can survive is extra fees from inscriptions, don’t understand free markets, nor the difficulty adjustment.

If all prices fall to the marginal cost of production in a free market, and bitcoin is the first global free market that has ever existed, then block rewards are alone enough to keep a robust market for mining.

Why: because relative to Bitcoin (open, decentralized, secure, protocol, bounded by energy) the rewards are the same in 2130 as they are today because all prices are falling forever.

It’s hard to even imagine the abundance in that world or “money” that you would need because your reference frame is now and the past, but can you imagine our descendants (from that place)- ever changing back to this one.

Just a friendly reminder that creating different incentives, changes behaviour.

saying goodbye to a friend ❤️

BREAKING: #Gold is now outperforming the S&P 500 over the past 20 years (dividends included) 🚨

Let #Gold shine for now. #Bitcoin’s fueling the rocket and by year’s end, it’ll crush every other asset on this planet.

we live better than Kings did a few generations ago and still complain like little bitchy babies

What are you even here for if that is the first question that pops up in your mind?

What do you think the separation of money and state means?

That you still will act like a slave when the state mafia comes to coerce you? Self-sovreinity is a declaration of independence. Be a Bitcoiner or go back to fiat la la land.

Hub says nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm services are down. hopefully up soon.

I have 45+ employees. Employees who are not freelancers. There are no invoices. There are clocked hours, per piece delivery payees, salaries, overtime, bonuses, commissions, huge 941Q payroll taxes, medical of which cannot or at least shouldn't be computed by the employer.

This is why payroll companies exist.

cypherpunk payroll:

employees send pgp encrypted yaml invoices which i decrypt with pgp key stored on my yubikey

sabrent enclosure, 2tb m.2 nvme for holding full node blocks.

bitcoin-qt with my watchonly hardware wallet descriptors loaded into bitcoin core (descriptors exported via hwi)

transactions are created as bitcoin core psbts and are signed with coldcard q via industrial grade micro sd.

whats the point of banks and payroll companies again?

as much as you are

But isn't that trade deficit anyway just fictional? Only the trade in manufactured goods or raw materials are taken into account and it doen't include the whole service economy, from which the US exports a lot. Or am I mistaken here?

Maybe in the grand scheme, that's what's happening. Most of "we" are not trading productive assets for foreign goods, though. We're trading our dollars for foreign goods and we aren't accepting foreign currency for our products. That's the discrepancy in currency demand from one being the reserve and the others not.

It's the next step where holders of dollars (foreign or domestic) invest in dollar denominated assets. The first imbalance leads to the next.

and your country‘s productive assets are appreciating because foreigners bet their dollars on them