Yea, there were finance bros buying negative rate bonds, but the kids taking out huge loans to study psychology were stupider. Elite overproduction explains a lot of how society is debasing.

There will always be cheaters. The question is do you let them get away with it or punish them?

For free subscribers: Efficiency Downsides, Scapegoat Jordan Peterson, Fiction of Boomerlibs, Virtue Education, Conditional Probability and Quantum Entanglement and more! For paid subscribers: Short lived Tor/I2P, BIP3, Lightning Games, PlebQR, Low Volatility, Carre Four, Blockchain Regulatory Certainty Act and more! #Bitcoin Tech Talk #484

Bitcoin Tech Talk #484

Interesting Stuff

Desire is difficult to manage without values.

If Bitcoin and Nostr have taught me anything, friction matters, especially on the margin.

The problem of violence is very hard to solve. The modern way has been centralizing authority, who can then monopolize the violence and abuse that authority. But the traditional way was to use decentralized justice, where revenge and tit-for-tat would eventually get people to game-theory optimal morals. Like it or not, the traditional way is what we're doing here in both Bitcoin and Nostr.

The real sin of fiat money is that technology is used to debase everything to keep up with the monetary debasement rather than enriching our lives.

The most common reason normies go along with stupid things is because they're lazy.

Your Bitcoin wealth went up 3% in terms of dollars today, which for many OGs may be pretty substantial. Resist the temptation to feel entitled. Every day like this is a gift.

For free subscribers: Perils of over-abstraction, Parenting Replaced by Therapy, Useless Food Fortification, Regulation E, Climate Change Climbdown, Talks at Max and Stacy Golf Invitational and more! For paid subscribers: Fuzzamoto, Yam, Mutant Testing, Lightning Subscription Manager, Payment Feasibility, Sound Money and Family, Wrench Attack Growing and more! #Bitcoin Tech Talk #483

Bitcoin Tech Talk #483

Interesting Stuff