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Gunson
gunson@primal.net
npub1pn9x...2xn0
Low status fiat heretic. Often wrong. 2 + 2 = 4
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gunson 2 years ago
Just discovered a small star magnolia in my garden 🎉 Not in the best shape, but has potential. Excited to start gardening again this spring 🌷 image
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gunson 2 years ago
Shit, apparently my watch (Casio F-91w) is used by terrorists! First Bitcoin, now this ... the state's got people who want to save money properly cornered 😂 image
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gunson 2 years ago
Realizing that you were wrong about something is the most powerful lesson.
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gunson 2 years ago
Bitcoin bull markets are very important for decentralisation - so no need to virtue signal that you don't care about price or purchasing power: - More distribution of ownership as OGs sell - More incentive for new miner manufacturers - More incentives for mining operations in areas and jurisdictions with more expensive energy - More Bitcoin businesses and products, some of which are good and will survive - Wealthier Bitcoiners who can support efforts to lobby & sue governments to create friendlier regulations - Casual holders scared about how much wealth they now have getting their shit together and storing their sats properly - More people being forced to engage with debates related to Bitcoin, and a % of those understanding and not being able to unsee the truth about money - More money donated to developers, and previous donated sats being worth more - should mean more developers - New constituencies with incentives to support friendlier attitudes to Bitcoin - Random businesses accepting Bitcoin as a marketing stunt, but continuing support and helping improve merchant products Loads more obviously. Yes I love Bitcoin and Bitcoiners even in a bear market and when prices are flat. But bull markets, while bringing a lot of clownery, move our cause massively forward. I think that's why I check the exchange rate so often: because it's a barometer of our progress.
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gunson 2 years ago
I love it when a single article does such a great job of exemplifying so many facets of bad journalism: Some gem quotes: "The fact that no one can agree on what crypto is even for hasn’t kept the market capitalization of all cryptocurrencies from surpassing $2.5 trillion. Indeed, its utter pointlessness may have even helped. The lack of consensus about crypto’s purpose might be the very reason it never dies." (I'm reading this as Bitcoin - clearly zero research has been done given how many people use it as a store of value, and to protect their wealth from criminals and tyrants) "bitcoin is approaching one of its periodic “halvings”—moments, programmed into its source code, when the rate of new bitcoin production gets cut by 50 percent, which reliably causes demand to jump" (How do you nearly perfectly describe a halving and then fumble the ball and describe it as a demand and not a supply effect?) "No central bank was needed to verify who owned how much bitcoin. Thanks to cryptography and some clever game theory, the network itself could keep track of that. Technologically, it has no single point of failure: Every computer in the network maintains a complete record of every transaction, which means no single entity can shut it off. This was a huge part of bitcoin’s early appeal. It was decentralized, but could still be trusted as a store of value. But to what end? What was it for?" (You literally just said it was a store of value. It's for storing value.) "The trouble is that convincingly debunking all the pro-crypto rationales at the same time is impossible. Each rebuttal can itself be rebutted" (Maybe your arguments are just bad?) Then at the end: "Support for this project was provided by the William and Flora Hewlett Foundation." (WFHF's main goals are pushing DEI and climate propaganda - just check their website.)
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gunson 2 years ago
Lol at UK newspapers saying that Bitcoin is only "nearly" at the ATH because they're using $ as their base currency, even though we're past the £ ATH already
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gunson 2 years ago
BREAKING: UK government seeks to redefine "extremism" in broader terms to include anyone who "undermines" UK "values". Clearly at risk are those who don't drink tea, and people exchanging GBP for BTC.
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gunson 2 years ago
Startup options are such a shitcoin Company I work for is being acquired and the deal completes 1 day before a chunk of my options vest, so they get cancelled 😂 "Stay humble, stack sats" applies very much to fiat mine job offers. Negotiate for higher cash and save it in Bitcoin rather than being conned into a seemingly high options package.
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gunson 2 years ago
My council has started putting signs all over the park telling professional dog walkers that they need to apply for a license. Yet another racket from bureaucrats. Meanwhile the local playground has had broken equipment for months, and there's rubbish on the streets. But yes, let's focus on the professional dog walkers 🙃
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gunson 2 years ago
The mainstream media haven't yet realised Bitcoin is pumping, but the UK tax man sure has ... friendly email received yesterday 🙀 image
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gunson 2 years ago
BTC exchange rate solidly above 1M ZAR and a new ATH 🚀 Actually grateful that the ZAR is such a shitcoin and SA has capital controls. I was far more receptive to Bitcoin 🙏 image
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gunson 2 years ago
This is one of the main reasons I expect deflation to happen unless there's QE and low rates again here in the UK. Natural gas prices were the biggest system shock in 2022 driving the "cost of living crisis" and sending UK energy companies into bankruptcy. It literally went up 1000%. But now we're heading towards historic lows - both a sign that production costs of goods will come down, but also partly shows that demand for energy is decreasing (although bigger driver seems to be a supply glut despite Ukraine war). image
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gunson 2 years ago
Always has been "Dionysius abused his office to artifice an impending famine in Rome by deliberately withholding the grain reserves. This led to a revolt in the Circus Maximus during a horse race, when the crowd was convinced that Cleander was responsible for the lack of food, who then marched to where the emperor Commodus was. To appease the crowd, he had Cleander and his son executed."
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gunson 2 years ago
People react to privacy the same way they did to COVID vaccinnes. If you took the vaccine you were invested in justifying your decision, and some even pushed for everyone to do the same as them - they wouldn't hear the other side of the debate. We're the same with KYC Bitcoin, GMail accounts, iPhones and bank cards. It's tempting to downplay the risks if you've already been cucked (I have). Best time to start learning about the risks and changing your set up was years ago, second best time is today.
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gunson 2 years ago
just stumbled across rationalwiki.org, it's basically wikipedia written by this guy: image
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gunson 2 years ago
so will it matter when Bitcoin is a trillion dollar asset again? I remember Willy Woo talking this up last cycle like it was going to be the new floor 😅
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gunson 2 years ago
Regardless of the issue here (I agree with the stance) it's egregious that UK newspapers openly advertise that they campaign for anything. You think they don't also do this for other political or financial positions? image
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gunson 2 years ago
The problem with Balaji is that he's an excellent bullshitter. I just eat up everything he says about the media, politics, macro because it resonates with my biases. But as soon as he starts talking about something I have a deeper nuts & bolts understanding of, like decentralisation of Bitcoin, it's 🚩🚩🚩🚩🚩
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gunson 2 years ago
I browse the front pages of physical British newspapers each morning just to see what we're all supposed to be caring about. My main takeaway each day is how full of shit politicians are, and how much that's embraced by journalists to get engagement. Utter nonsense mostly, with worrying tidbits that increase my prior about WW3.