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CantillonEffet
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Pecunia insana olet.Turn selfishness and greed into something positive to build a better future using game theory. Humbled by the journey - #Bitcoin

This is the best and most concise article I've read on deflation permitting money since nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueqpp4mhxue69uhkummn9ekx7mqux2c7y "The Greatest Game"!

A highly recommended read. Well done Luca Ferrarese!

https://www.bitcoininstitute.ch/inflation-by-design-deflation-by-technology/

I watched the HBO ‘Money Electric’ documentary. Yes, it was entertaining. However, compared to documentaries like ‘Human B’ and ‘Mysterium Satoshi’ (arte), which each attempt to approach an essence of Bitcoin in an individual way, it is very superficial.

It seems to me that the real intention of the filmmaker was to document the nation-state adoption of Bitcoin over the course of the past 3-4 years. Hence the many shots with Samson Mow and Prince Philip.

As there hasn't been much news about nation-state adoption since El Salvador, the film footage that was recorded probably didn't provide that much after all.

So a new (old) story had to be found: ‘Who is Satoshi?’

Bitcoin is so endlessly interesting, its technology is a marvel, its social layer is so diverse and full of enthusiastic individuals who want to change the world for the better. And all the filmmaker can think of is 'Who the fuck is Satoshi!?!'

Tell me you don't understand Bitcoin without telling me you don't understand Bitcoin - by pseudo-investigatively pursuing this question and clumsily confronting your Satoshi candidate, yes, Peter Todd, with your supposed revelations using thin arguments.

Had the author of the documentary used his time-consuming research to really dive deeper into the essence of Bitcoin, had he tried to understand what gift Satoshi gave the world, then he would have treated the character Satoshi and his creation Bitcoin with more reverence and focused the documentary more profoundly.

If you haven't seen the documentary yet, save yourself some time and watch “Human B” or “Mystery Satoshi” again. Or simply read a good book like the “Genesis Book” by Aaron van Wirdum. After reading this deep dive into the prehistory of Bitcoin, it becomes clear that there are many relevant facts on the path to the creation of Bitcoin - but the question of who Satoshi ultimately is is not one of them.

The crucial thing is that Satoshi did what was necessary after he launched a new, decentralized, global, inflation-resistant and censorship-resistant money - he kept his pseudonymity and ultimately disappeared.

Much more interesting is the question of where I got the documentary without an HBO account. LOL.

Die psychologische Kraft von Bitcoin von nostr:nprofile1qqsg96ulnp2ksmn9qrq7wm0kgr62pv4emy07rkkgpxnwa5qf6qgsm2gppemhxue69uhkummn9ekx7mp0hkavkj:

https://youtu.be/39KMJ40qGq4

Replying to Avatar HODL

A story that illustrates why I will never orange pill anyone ever again.

2015- Attempt to orange pill friend multiple times. No dice. Totally uninterested.

2019- He asks me if now is a good time to get into bitcoin. “It’s always a good time”. I set him up with a HW wallet and tell him DCA and chill.

2019- Friend calls me a few months later, he wants to put the down payment money for his house into bitcoin, but he’s nervous. I say no worries I will backstop your investment. What’re friends for?! I want you to succeed. He now has a no risk investment. Financed by me.

2020: Friend is doing well. Has been stacking hard and has 2 coins. A great stack for his income.

2021: He starts watching cringey YouTube videos about shitcoin trading. Gets into a private telegram, trades his 2 bitcoin into 4 and then gets rug pulled and loses everything.

2021: He’s near suicidal, very dark times. He doesn’t tell me anything because he knows I warned him about trading and thinks I’ll be disappointed in him. Finally he tells me. I help him get a personal loan so he can take advantage of the remainder of the bull run. He sells at 55k and manages to break even. He’s not up but he’s got his house money back.

2023: We’re out drinking with some other friends from high school. He expresses some jealousy towards me in a semi awkward fashion. “Every time I see this dude (me) I think about bitcoin.”

2024: I meet up with him so the kids can play at the park. Vibe is off. Lots of insecurity and tension. They’re going on a trip to San Diego and I ask if they might go to the zoo while there. “I can’t afford that. That’s for rich people like you”. Odd interaction, but I shake it off.

2024: A few weeks later he gets drunk and hits on my wife via text messages. She shows me immediately and I confront him. He’s like “sorry bro I was drunk I didn’t mean it”. I tell him off and make clear this is the last time we will ever speak.

No good deed goes unpunished. I could not have been nicer to this dude and more helpful along the way and he is fully consumed by envy towards me.

Unfortunate.

You can only orange pill yourself. Money boosts the personality traits you already have: Saving in Bitcoin may bring "outer freedom" when you follow someone else's "investment advice", but inner freedom and peace is something each and everyone has to achieve in their own time and proof-of-work. When there's disconnect between the two freedoms for too long chances are you'll gamble or spend it all.

It is of great irony that society deemed it sufficient to dispatch the notion of God to overcome the "divine right of kings". Not only have they killed God but they are dead themselves in that way. Those can still be reigned over in the same absolutistic way by the doctrinical Leviathan supported by fiat and the abuse of top-down enforced reason.

Enlightenment should not end with the empiricism of science, as it doesn't solve individual values, much less moral judgements, even when tried and abused "in the name of science". It "can tell us what is, but not what ought to be" - facts, but no determination of the self.

This is why we Bitcoin: It brings with it the Apollonian aspect of truth through order, rationality and logic on a fixed set of rules but also the Dionysian aspects of growth and self-realization, a self-determined collective experience, emotional authenticity, freedom, spontaneity and creative expression. All of it without the corruption of a central absolute power.

ofc on Nostr we can just zap nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m WoS wallet 😄

A really good interview by Sephan Livera with

#[0] about Bitcoin as a way to Cryptosovereignty with Truth, not authority making legitimacy:

https://www.youtube.com/watch?v=l2KcVwBDdUs

"Here I stand, I can't help it!" musings on the reformation and the fiat grace system by Markus Turm

"Although Pope Leo X recognized the danger quickly, he couldn't stop it, luckily today's central banks are still laughing at Bitcoin."

https://portal-einundzwanzig-space.translate.goog/news/hier-stehe-ich-ich-kann-nicht-anders?l=de

Replying to Avatar Lyn Alden

Too many people have given Elon a pass. Don't give him a pass.

He's a marketer, not a founder or an engineer. He didn't found PayPal or Tesla; he bought into them early. He's good at selling narratives and equity valuation for perpetually unprofitable companies.

Everything for him is a narrative. His green revolution was a narrative to sell more cars and get more subsidies. His bitcoin purchase was to gain appeal among bitcoin/crypto people in a bull market. And he shilled doge like a dumbass. His SpaceX narrative is to get money from the government.

His rooftop solar thing was an outright scam; the technology isn't ready and went nowhere because of that. His full-self-driving-in-an-intermediate-term timeline was a scam, and is going nowhere because of that. He makes scams to draw people and capital in, because for him it's all about narratives and equity valuation.

And then he dug unproductive holes, suggested unproductive hyper-tubes, built meme flamethrowers, for what? It's a narrative, not a business. None of this is real productive shit to make peoples' lives better.

His latest "we need free speech" narrative was a scam too. He tapped into something real, which is what marketers do and why it kind of worked. Yes, we need free speech. Yes, Twitter had censorship issues. He saw that and jumped on it maliciously rather than productively.

But what did he replace it with? He replaced it with arbitrary journalist censorship about his private jet, arbitrary censorship of Substack, selective Twitter Files release, won't talk seriously about any of his China connections because Xi Jinping fucking owns him economically there like Jack Ma, has his balls firmly in his grasp, etc.

Elon's playing the narrative, the anti-woke meme of the day. He's a master meme-momentum-player. Don't fall for it.

Mentally read this as the lyrics to a late 90s dance track by Faithless with "Elon is a Shitcoiner" in the chorus...

Epic!

I'd love to hear your perspective on how power structures change with cryptosovereignty. Bitcoin is incompatible with war and welfare. Political structures promising the latter and exerting the former and financing both with the money printer are ubiquitous.

Cryptosovereignty is the chance to change this but it has a delicate time frame: It requires end stage fiat AND the courage of a critical mass of people to structure life and power hierarchies differently, with mechanisms to defend against feudal duties such as refusal to accept fiat and conscription even by threat of violence.

The crushing power of AI conformism - Chat GPT is a Trojan bomb

by Manfred Schneider for NZZ

"One must remember the artists, writers and scientists who belonged to this avant-garde, including Walter Benjamin's "new barbarians", because they tried out radically new languages, forms and ideas. To name just a few: Karl Kraus, the Dada movement, the Bauhaus, the Schönberg school, James Joyce, Martin Heidegger, Ludwig Wittgenstein, anthroposophy, quantum mechanics. They are examples of powerful creative defiance against the violence of common sense thinking. Only such a departure could save us today."

Resonates with Erik Cason's #[0] Cryptosovereignty

https://privatebin.net/?eaa27edeea379985#3t4KdyVu3kH1e642B6pWarmdzrqxv38WdMCXfyqB4nMN

#Bitcoin is a way to bring mutual benefits to people labelled "helpless" in the fiat system through the Cantillon Effect, while containing the bandits and "stupid" people. The latter two still benefit by playing by the rules whether or not they like it...

Thx to Ijoma Mangold for presenting the "orange pill" for the interested German public at Dussmann in Berlin together with Wolfram Eilenberger last night. It was a pleasure to listen to you & it's a pleasure to read! I hope it'll be made available for an international audience, soon.

#Bitcoiners don't want the Lambo, they want the ability to move freely.

#Bitcoin is for sale but incorruptible.

h/t #[0]

#Bitcoiners don't want a Rolex but the time⌚⌛

h/t #[0]

With the Ides of March 2023 "Keynes is dead, and we’re in the long run."

h/t Liam McCollum

That's a lot better than a lot of US banks since market open 😉

Do they know about #nostr yet or will that take another 14 years?

"Just got off of a zoom meeting with Fed, Treasury, FDIC, House, and Senate.

A Democrat Senator essentially asked whether there was a program in place to censor information on social media that could lead to a run on the banks."

https://twitter.com/RepThomasMassie/status/1635074378454147074

"I’m going to suggest there’s seven different reasons people care about Bitcoin:

1. Inflation resistance

2. Theft resistance

3. Censorship resistance

4. Cost reduction

5. Self-enforcing contracts

6. Wealth redistribution

7. Revolution"

An essay by Anthony Towns / ajtowns (can't find him on nostr yet):

https://www.erisian.com.au/wordpress/2023/02/26/zeitgeist

Reading #[0] this morning I realized:

Fiat is the currency of the dark triad. You don't want to build a society on that but when you do, you must not wonder why the machiavellianists are in power...