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frozear
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Freedom Absolutist

I didn't mean "healthy", I mean't "not a poison". A drop of Ricin on your tongue would kill you, a drop of beer would not.

The Black Cat Music Podcast first episode is out!

https://podcastindex.org/podcast/6582415

It's a v4v Punk Music podcast that is fully Boostagram capable!

This is all possible thanks to nostr:npub13ql75nq8rldygpkjke47y893akh5tglqtqzs6cspancaxktthsusvfqcg7 and nostr:npub1qx6kgzfm3z5qlffxnunsgnsaagwcxt6klx6q7gry56arj5r0yl3qgkqf4d with all the folks at Podcasting 2.0 as well as nostr:npub1yfg0d955c2jrj2080ew7pa4xrtj7x7s7umt28wh0zurwmxgpyj9shwv6vg as LNBeats!

I wonder if that's because what can be labelled a poison is not binary. Small doses of those things are not poison, but people take them at doses that are detrimental to health.

What's Eriner?

Replying to Avatar ODELL

The corporatist ruling class will always co-opt whatever popular contemporary sentiment. That's why you had Target selling Che Guevara t-shirts.

Defeating their ability to react and nullify is the real challenge.

I must admit I fell for the anti-egypt (probably islamaphobic) propaganda before your notes here.

Pretty good like PGP pretty good or just pretty good?

I wish I had more bitcoiners to talk to IRL

How I'm thinking is just use the technology already in use with bank notes an their anti counterfeiting measures.

Pro: We all can effortlessly audit the amount of BTC held in an address. (Thought we can't know the paper supply in circulation).

Con: State sanctioned notes use state violence and threat of prison to deter counterfeiting.

This is a picture of several galaxies. If our Milky Way galaxy was the width of the USA then our solar system would fit on the end if your finger.

Replying to Avatar DireMunchkin

One thing I worry about is if Bitcoin completely takes over as a store of value it would work rather too well to transfer wealth across generations, to the point where it starts to lead to very long lived dynasties.

Let's assume hyperbitcoinization already happened - I can just hodl, and get a safe, boring 3% real return by my Bitcoin appreciating. As long as you can live on less than 3% of your net worth a year, you are now financially independent. Not only that, but so are your children, and their grandchildren.

In the current systems fortunes have to be invested to keep their purchasing power, so you face *some* risk of loss. But if you hodl, as long as you use a good vault for the storage, there's very little reason any value will be lost to the family stack almost at all.

Not only that, but a relatively small amount of people mostly in the western world have cornered 70% of the supply of Bitcoin. What about if we're correct and this hodler controlled supply is the future capital stock of humanity? Now you have less than 1m people globally who control 70% of the liquid wealth of the world, that's horribly in-egalitarian.

Now maybe we as early adopters of Bitcoin deserve to get filthy rich for launching a new monetary system. But what about your heirs 3 generations down, should they control 70% of all liquid capital in the world?

Fast forward a few generations and you could have a new neoreactionary "noded nobility" class, hoarding most of the wealth, unironically telling the rest of society to have fun staying poor.

The unbreakable dynasties are from corruption by those who got an early lead. The control of the money supply, the financialization, the regulatory capture, the military violence. These things will be harder in a bitcoin world.