Was at a professional development conference this week. A breakout session on new tech touched on crypto / blockchain benefits to non-profits. The presenter, from TronDao, asked the group “What do you know about crypto?” An audience participant responded by quoting the release date of the white paper. Heard him talk and immediately knew… 🧡🟠⚡️🐝 🐇🕳️ Caught him after the session to chat. And that’s how I met an IRL fellow bitcoiner at a shitcoin presentation. Was awesome 😎

Now if we turn to the empirical record, we confront the stark fact that, in no period of human history, has paper money spontaneously emerged on the free market.” [Footnote: “Paper money must not be confused with credit money made out of paper, or with money certificates made out of paper. The latter can be redeemed into commodity money; the former cannot.”] Excerpt From The Ethics of Money Production Jörg Guido Hülsmann

My Little Global Banking System™️: 2014 MacMini running Umbrel on Ubuntu; Sparrow Desktop Wallet mixing to Coldcard

Imagine a US citizen desires to fully comply with US Tax Law, which includes paying long or short term capital gains tax on BTC transactions based on the profit or loss differential between buy price and sell price. How would that US citizen go about accurately documenting and paying tax on thousands of tiny Lightning transactions?

Last block I remember seeing before falling asleep was 777,770. So close…

What a time to be alive. Consider: a combination of No Man’s Sky + Deepfakes + ChatGPT. What would an exponential rate of capability growth in these areas bring? It’s conceivable that soon AI + GPUs + VR will be procedurally generating entire worlds and narratives for us to explore…and become lost in. For those of you who have played World of Warcraft… Did you ever find yourself thinking that you’d rather stay in that world forever and never have to come back to real life? I had to stop playing when I realized I loved it so much it was starting to ruin me. In game seemed > IRL. We may soon need a tether to prevent us from drifting off into the infinite emptiness of an enthralling yet void digital spacewalk. Perhaps Bitcoin is that tether. By linking digital to physical it may prevent reality from becoming merely virtual and thus nonsensical. Bitcoin is the truth layer. An actual factual foundation for an age where we’ll be able to make up anything we want. But we can’t make up Bitcoin.

Can someone help me become wiser: _________ 1) When (historically) did surveillance of its citizens (movement, financial transactions, communications) become a perceived legitimate right of the American government? 2) Why is it assumed this is a legitimate right? (I.e., that a "good citizen" should be okay with their daily financial activity, for example, being monitored by the government?) _________ I assume these questions are almost always related to claims about effective taxation and national security? Any insights / perspectives are appreciated.... Thanks!

“Before Bitcoin, all digital scarcity was scarcity by authority—authority that can be circumvented or exploited. It was always simulated scarcity. Virtual, not real. “

dergigi.com

Bitcoin Is Digital Scarcity | dergigi.com

Non-virtual money in a non-virtual world.

I’m fascinated by Bitcoin

Which aspect of fiat is worse: a) the deception? b) the theft? ——— (Pro tip: Bitcoin mitigates both)

Money & Property Rights: ------------ “We may call any kind of money that comes into use by the voluntary cooperation of acting persons 'natural money.' To cooperate voluntarily in our definition means to provide mutual support without any violation of other people’s property, and to enjoy the inviolability of one’s own property.” ------------ Excerpt from The Ethics of Money Production Jörg Guido Hülsmann