American Remnant

American Remnant's avatar
American Remnant
npub1hw5c...9pqx
American remnant living in fiat world somewhere in the Rust Belt.
bitcoin basics for the confused. blockchain consensus: defines what gets into the blockchain. hard rules. simple and clean. obey or fork. changes once a decade. blocksize wars. mempool policy: defines what gets into your personal mempool. soft rules. nothing happens if you don't obey. changes regularly. complex and depends on implementation. does not prevent transactions from entering the blockchain.
At some point civil disobedience will be the order of the day in the adoption of a bitcoin standard. Some are concerned with capital gains in transactions on a bitcoin standard in 2023. They are being taxed at 45% of their life; the Nation State has no love forthemm. Stockholm Syndrome.
SCOTUS 1884 - From the decision of the court I see only evil likely to follow. There have been times within the memory of all of us when the legal-tender notes of the United States were not exchangeable for more than one-half of their nominal value. The possibility of such depreciation will always attend paper money. This inborn infirmity no mere legislative declaration can cure. If congress has the power to make the notes a legal tender and to pass as money or its equivalent, why should not a sufficient amount be issued to pay the bonds of the United States as they nature? Why pay interest on the millions of dollars of bonds now due when congress can in one day make the money to pay the principal? And why should there be any restraint upon unlimited appropriations by the government for all imaginary schemes of public improvement, if the printing-press can furnish the money that is needed for them?