Statists excuse government failure by saying "they didn't have enough budget".
This image is a reflection of how the state spends money.
Without private property, market pricing, and facing a profit and loss test - of course it wastes money.
My latest episode with @Pierre Rochard is out! We touch on product market fit for savings, rebalancing, cultural changes on a bitcoin standard, and whether the govt should hold bitcoin
It has become normalized to put down 8-20% for a mortgage downpayment.
I wonder how many people consider that they are effectively going leverage long property approx 5-12x?
Silent Payments is a new approach to improving privacy and useability of Bitcoin. Imagine not needing to manually create new addresses? Josie and Ruben Somsen join me to discuss how it's possible.
Silent Payments overview
Contrast with other techniques such as BIP47
Light client support
Stopping address re-use
Base layer privacy discussion