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Conner Patten
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Posting highlights from books, podcasts, and notes I like.

“Be bullish on entrepreneurs building the future on incorruptible money that’s decentralized … to make it easier to use and easier to interact with.” - nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz3mhxue69uhkzet8d9ejuat50phjummwv5q3qamnwvaz7tmwdaehgu3wwa5kuegzh2u3p

nostr:nevent1qqsg7xz2dt35zjhtdzha3hp0ns0p3ls3ny7jctqq477dhz79qpff77spzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg5m9kpx

#Asknostr #WorkFromHome

I’m debating the pros and cons of working from home. I think it can remove office drama and bad attitudes. I also think it curbs productivity. I see people going for runs mid day, and hear stories of them doing errands and laundry.

Replying to Avatar Bud

Tackle it like a samich, bite by bite 🥪

Swapping a $15/day takeout habit for $5 home-prepped meals saves $3.6K/year. Invested at an average 8%, that could grow to nearly $1M in 40 years! 💸📈

#PersonalFinance #Investing #FrugalLiving

#Bitcoins Stock-to-Flow model

Measures scarcity:

S2F = Total Supply / New Annual Supply

Why is Bitcoin’s Stock-to-Flow going to ∞?

Because one day, no more BTC will be mined.

That means:

Flow = 0

S2F = Stock / Flow → 21M / 0 = ∞

No new supply. Ever.

Nothing gets scarcer than that.

#Bitcoin #S2F #DigitalGold #Halving #Infinity

Follow up to this post nostr:nprofile1qqs8msutuusu385l6wpdzf2473d2zlh750yfayfseqwryr6mfazqvmgpxpmhxue69uhkjarrdpuj6em0d3jx2mnjdajz6en4wf3k7mn5dphhq6rpva6hxtnnvdshyctz9e5k6tcpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtc097kf6 and nostr:nprofile1qqs0gh6kvll7weya0j0kfzfse9ycek5gja88ag5f9yv56qt8eh9uzfqpzfmhxue69uhk7enxvd5xz6tw9ec82cspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgk8f4zs are the two i’ve found.

nostr:nevent1qqsw2smxkrrkpk52vuv8c3vphug5k8j744knyxpdrpegsg6q4tssc0cpndmhxue69uhkummn9ekx7mp0y5erqamnwvaz7tmwdaehgu3wd3skuep0y5erqffjxpshvct5v9ez2v3swaehxw309ahx7um5wgh8w6twv5hj2v3sy5erqctkv96xzu39xgc8wumn8ghj7ur4wfcxcetjv4kxz7fwvdhk6te9xgc8wumn8ghj7un9d3shjtnyv9kh2uewd9hj7ffjxpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9u7lj7dh

#Asknostr and #Bitcoin Are there any decentralized LLM models like ChatGPT out there? What are your favorites?

Gold down Bitcoin up

Safe #Bitcoin Hardware Wallets have the worst UI and UX.

Replying to Avatar Lyn Alden

GM.

Chapter 13 of Broken Money is called "Heavy is the Head that Wears the Crown".

It focuses on the US trade deficit and why it arises structurally. In short, since the USD is the global reserve currency (for reserve assets, international contracts, FX trading pairs, and cross-border funding), there is tremendous automatic demand for USD in the world compared to other fiat currencies.

To supply the world with that ever-growing need for USD to service all sorts of needs, the United States runs structural trade deficits with the rest of the world. That's how the USD spills out to the rest of the world for them to use. And the mechanism for that is that the overvalued USD boosts Americans' import power, reduces Americans' low-margin export competiveness, and basically forces open that trade deficit.

That trade deficit is the cost of maintaining the benefits USD system as currently structured. The fatal flaw is that those who bear the cost (e.g. industrialists in the Rust Belt) are not the same as those to gain the benefits (e.g. Wall Street and Washington DC folks). And those costs and benefits accumulate over decades, resulting in rising populism and pushback, which is now front and center.

The challenge that the administration faces is that they have identified a real problem, but are tackling the surface issues rather than the underlying structural issues.

Anyway, I uploaded that chapter 13 on my website for free reading:

https://www.lynalden.com/wp-content/uploads/broken-money-chapter-13.pdf

Trying to find the bottom is impossible. DCA on the way down is the way.