AbundantBTC

#memestr

This needs way more attention. Sitrep on the disaster relief efforts in NC from Bitcoin veterans. It’s heartbreaking, they still need help out there. A lot of help. But there’s also an inspiring glimpse into the future here. They talk about the total and absolute failure of the response from the federal government versus the success and effectiveness of decentralized small groups like the Bitcoin veterans, linking up with other groups to make a real positive impact on the ground, literally saving fucking lives… They also speak about the freedom tech being put to use in the real world, they’re setting up meshtastic networks and teaching people how to use it and they’re teaching folks about bitcoin and lightning and setting them up with hot wallets. Lots of orange pills being distributed Please don’t let this get memory holed like everything else in our society, they estimate it’ll take 3-6 months to get everyone back on their feet and we’re heading into winter, cold weather is going to make a bad situation worse. If you can spare some sats, please donate to the Bitcoin veterans, they’ll put it to effective, low time preference use. If you can’t, just donate your voice. Plaster this all over nostr and the other socials This is it. This is what Bitcoin was built for. Not for whales to play around with in the financial markets. But for real people, with real problems. God bless View quoted note →

“Full faith and credit” A promise, to be honored by Congress, that all citizens will chip in through taxes or through inflation to make all depositors whole.

My favorite phase: “Unfathomably Based” Become Unfathomably Based.

After taking 3 years to read The Bitcoin Standard, I finished reading The Price of Tomorrow in only A WEEK! It was a lighter read but still proud of that accomplishment. Now I’m moving on to The Creature from Jekyll Island, my goal is to finish it by the end of September #bookstr

Finally finished reading The Bitcoin Standard last night, only took me 3 years… yikes On to The Price of Tomorrow! I’ll try to only take two years on this one

The lie of scarcity: “The belief that resources are scarce and limited is a misunderstanding of the nature of scarcity, which is the key concept behind economics. The absolute quantity of every raw material present in earth is too large for us as human beings to even measure or comprehend, and in no way constitutes a real limit to what we as humans can produce of it. We have barely scratched the surface of the earth in search of the minerals we need, and the more we search, and the deeper we dig, the more resources we find. What constitutes the practical and realistic limit to the quantity of any resource is always the amount of human time that is directed toward producing it, as that is the only real scarce resource (until the creation of Bitcoin).” - @Saifedean Ammous

Serious question, why aren’t we plastering this all across America? @Michael Saylor #asknostr