The political conflict in the USA will not be solved at the ballot box.
It will not be solved in the halls of Congress.
It will not be solved with rallies or debate or town halls or YouTube videos. It will not be solved with Fiat or Gold or Bitcoin.
It will ONLY be solved after all but one of the sides unconditionally surrenders.
And that will only happen on top a mountain of corpses.
Future historians will debate where the last exit was; what moment was the point of no return. Today was the final confirmation that it has indeed been crossed.
If your plans depend on peace, make new plans.
Could someone give me an update on using Nostr as a marketplace? I'm trying to see if this would be a good place for my Mom to sell baby blankets. Zaps for answers.
Watched Kyle Hill's vid on the Dead Internet Theory. Watching leftists precisely identify a problem, then fail to properly consider that they are vulnerable to the flaw and create a "solution" to the problem which is nearly certain to exacerbate it is always bizarre.
I think we need to start a movement where we tell everyone in our lives that we will only trust cryptographically signed digital information. Tell friends, family, and coworkers to their face that if it isn't said in person or signed and verified, we will always consider it fake, then follow through. Providing a forged email or deepfake to employers will be helpful in making the point clear. And making sure the tools are available to have all communications be signed is going to be important.
Things Many Bitcoiners Get Wrong Pt 1
Myth: Bitcoin increases in value forever
Reality: Bitcoin is subject to the same value law behind all monetary assets. Here's a formula that can help conceptualize that:
V(mx, t) = [mx / m(t)] * [m(t) / Gm(t)] * W(t)
Where:
V(mx, t) = Value (purchasing power) of a specific amount of a monetary asset at time t
mx = Specific amount of a monetary asset (assumed constant for simplicity)
m(t) = Total amount of the specific monetary asset at time t
Gm(t) = Global Money (all monetary assets) at time t
W(t) = Wealth (all purchasable goods and services) at time t
t = Time
This cannot actually be calculated, since you would need to know all of the monetary assets in the world and all the wealth and that's impossible. It's also a lagging effect, where the current value is chasing this equation. But I am confident this is close enough to Reality to be useful.
The purchasing power of 1 BTC goes up if the total Wealth increases, if the ratio of economic energy in bitcoin compared to the total goes up, or if the amount of accessible bitcoin goes down. The inverse is also true.
Bitcoin could go down to $6,000 per coin and still have the same purchasing power it did at $60,000, if the amount of dollars and dollar derivatives dropped by 10x. Bitcoin could go to $1m per coin and be able to buy less per coin, if the production of goods and services fell by 90% and USD heavily inflated. Both of these are entirely possible, and the latter is currently likely.
The best way by far to increase the value of held bitcoin is to go produce wealth that trades directly with BTC. The best way to decrease it, is to borrow fiat against bitcoin and live on the fiat while you produce nothing. The former directly enhances the purchasing power of BTC. The latter is a parasitic transaction that pressures the sale of bitcoin to make up the imbalance.