brilliant insight that i first heard about in saifdean’s bitcoin standard. makes sense that something we take for granted like purchasing power of our money - when that gets eaten away by inflation slowly over decades it subconsciously affects our incentives then eventually our health like buying cheaper less nutritious food.

when money works like on a hard money system, it encourages a low time preference mentality. we take for granted that hard work pays off and that we can store away savings for the future and the purchasing power will be able to cover our necessities and some luxuries every now and then.

but when money is broken it encourages a high time preference mentality. it’s hidden from the public that because the purchasing power is being devalued through central bank policy is the reason why our hard work doesn’t pay off and that what we save isn’t worth as much in the future and that we can’t afford even the necessities so the incentive is to go into debt and take bigger speculative risks just to keep afloat.

looking forward to the next episode 👏

Also in 1971 Klaus Schwab started the organization that then became the WEF.

Also decimalisation happened in Britain in Feb 1971. When I started to explain to my Mum about CBDCs and what that means for us, she started ranting about Britain converting to decimal currency, how much ordinary folk got ripped off in the conversion & how much her purchasing power & ability to feed her family reduced as a result of it. I think she started to smell a rat and that I'm not just a crazy lady trying to tell everyone we're going to get screwed over.

Is that why they destroyed the middle east in the 70s by putting dictators everywhere ? 🧐

That's crazy... I'm really contemplating it.

There Bitcoin Bali 25-28th and a class I need to teach on 4th I just don't think my body and its cervical spondylosis can take it. 🤣 but but but....

Won't miss it next year for sure!

I'm not sure what you wrote and I'm not sure I agree with it either

I think nostr and bluesky have different goals. I am on both and they are like night and day. Bluesky is very much like Twitter, Nostr is...well...something else.

I will buy the Nostr for Dummies if anyone ever writes one.

I agree, one of the things the algorithms on centralized platforms do so well is help new users be discovered. You join twitter/instagram/tiktok and they do their best to promote that new user to people who they share contacts with. They highlight their posts so they get likes, follows, replies. That way new users don’t feel like they’re talking in to a void.

This is hard because you need to balance this out with not rewarding spammers. It’s one of the hard problems we need to solve, and it’s not one existing users see, but it’s important.

old postcard of the St. Louis Courthouse :)

true

valid :,)) no seed oils used to make this too!!

That is very true! Clients can do it its not a big deal

Love this 🤙🏾