Would be quite the plot twist if nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgstw3r3l was Satoshi and just waiting for the right price to dump his bags on us
Is it worth collecting nonsense like this for posterity?
If you want to make some serious improvement in your chess rating this channel is a bit of a hidden secret: https://m.youtube.com/@Pegasus-Chess/videos
Any good places in Nosara you recommend that accept Bitcoin?
No, Bitcoin is not going to gap to $500k. There is going to be liquidity at all levels because there are always going to be holders who want to or have to sell.
nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgstw3r3l talking nostr and #Bitcoin on “In Good Company” with the CEO of the Norwegian Sovereign Wealth Fund Nicolai Tangen.
https://open.spotify.com/episode/2yoXNrq6yRVaR7kcaYwFls?si=TeQG8BvkQey5l33NQDHJuA
It’s amazing to me that so many people listen to this absolute knucklehead
Thank you for running BTC Map. I trust this will become an increasingly crucial resource
ChatGPT’s response fwiw:
The best Austrian School counterargument to this concern about deflation enabling perpetual rentier wealth is rooted in the idea that:
1. Wealth Still Requires Allocation and Investment
Even in a deflationary system, wealth isn’t just stored in cash under a mattress—it is allocated in productive ways. If someone wants to maintain their wealth over generations, they still need to invest in businesses, lend capital, or own productive assets. The mere fact that prices fall doesn’t mean they can just hoard money and live passively; the market still forces capital allocation to its most efficient use.
2. Consumption Still Happens, Just Differently
Critics argue that in a deflationary economy, people delay spending because goods will be cheaper in the future. However, Austrians counter this by pointing out that people still have time preferences—basic needs, desires, and lifestyle goals don’t disappear just because things might be slightly cheaper later. People still buy houses, cars, and goods when they need them, just as they do with deflationary technology markets today.
3. Deflation Rewards Productivity and Innovation
Deflation occurs naturally in a sound money economy because productivity increases, making goods cheaper. This rewards businesses that innovate and provide better products, rather than businesses relying on inflationary monetary policies or artificially cheap debt.
4. Inheritance Does Not Guarantee Wealth Preservation
While it’s true that heirs might inherit wealth, history shows that wealth dissipates across generations unless it is actively managed. In an inflationary system, government policies (e.g., inheritance taxes, redistribution, and monetary expansion) attempt to erode dynastic wealth, but in a truly free market, bad decision-making, economic competition, and new entrepreneurs naturally dilute wealth concentration over time.
5. Inflation Benefits the Already Wealthy More Than Deflation Does
The irony is that inflation doesn’t really help the average person—it primarily benefits asset holders and those close to the monetary spigot (banks, corporations, governments). It enables financialization, speculative bubbles, and forced risk-taking, which mainly serve elites rather than the working or middle class. A stable or deflationary money system would force capital to seek real economic productivity rather than just benefiting from artificial credit expansion.
So, the Austrian response would be: Low time-preference behavior (saving and investing rather than consuming) is a sign of a healthy economy, not a problem. Deflation does not create an unproductive aristocracy, but rather incentivizes prudent capital allocation, real investment, and sustainable economic growth.
Whether “low levels” of inflation are actually sustainable is a whole different and very central question of course. But leaving that aside for a moment
I think there is no doubt the current theft level of inflation is very detrimental.
However, if I wanted to steelman the argument for low levels of inflation being healthy I would say that it may not be beneficial for an economy if a large group of people can just live off their savings forever (as prices continuously to decrease). Especially as we talk about the next few generations who inherit that wealth you start to wonder whether that’s really the system that will get ultimate consensus.
Not sure what but curious what the best Austrian School Argument against this is
#Bitcoin may be one of the first truly idealistic movements in history that might actually succeed. Do you realize how extraordinary that is?
The industry of "empowerment"
I am bewildered by the use of the term “empowerment” in our current culture, particularly in the realm of so-called body positivity, where altering one’s physical appearance through invasive or non-invasive procedures is framed as an act of self-liberation.
Aesthetic medicine, cosmetic enhancements and plastic surgery are on the rise in the Western world with treatments like liposuction, breast augmentation, tummy tuck and neuromodular injections becoming increasingly common.
I don’t claim to know much at all about any of the above procedures but I know enough to recognize that they actually achieve the opposite effect of empowerment.
Changing our body through procedures that require no personal effort is actually, by definition, a surrender of power. When we give in to the temptation of a quick fix, we not only accept our own powerlessness to improve our attractiveness through lifestyle and choices, but we also give up our ability to come to terms with what we cannot change.
And the most insidious aspect of this is that the more permanent the procedure, the more permanent our disempowerment. If you change your nose, you will never be able to find out, whether you could have just accepted your nose as it was. And you will forever have to live with this insecurity.
It’s easy to think that I am exaggerating, but the truth is that the increased acceptance of aesthetic surgeries is a reflection of a proportional decrease in our ability to accept our bodies as they are. In the end, we may be calling it "empowerment," but what we’re really doing is redefining power in a way that demands external validation — one procedure at a time.
A fit and symmetric body is attractive and our striving for it natural, but what is even more attractive is someone who, while doing their best to improve, has embraced their own outward imperfections, allowing their inner qualities to shine in their full brilliance.
Albert Tucker’s “Victory girls” (1943)
About to go on an all out war against distractions. Share your strategies please
Improved my time WoW
nostr:note1ay6m0n6p6uche44kasjlgya7mn6f0h908jls8zjxvpsq24lj520scgdjyq
Interesting. Active decision? If so why?
Proof of hard work
