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The Modern Sovereign
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Why Land Makes You a Target: From Feudal Plunder to Modern Tax Farms In the agricultural era, ownership of land was both the source of wealth and the origin of vulnerability. To hold land was to plant roots—roots that could be trampled, taxed, or torched. Lords and monarchs alike understood that the immobility of the peasant and the fixed nature of land made for an ideal target. You could not hide a field. You could not flee with a barn. Violence became profitable because people were stationary. The returns to organized coercion were high, not because it was efficient—but because it was easy. The serf tied to the soil could be milked for decades, generation after generation. Feudalism, at its core, was a system of economic extraction through controlled immobility. Fast forward to today, and little has changed—except the names. Modern landowners, business owners, and citizens still wear digital shackles in the form of property titles, tax records, and state surveillance. Governments plunder wealth not with swords, but with legal codes and tax enforcement. The state doesn’t need to storm your castle; it need only assess your “real estate value” and send you a bill. Your land makes you legible, taxable, and punishable. True sovereignty cannot exist where your assets are tied to terrain. To own land is to be mapped. But this too shall pass. In the Information Age, power no longer flows from land—it flows from code. Sovereign Individuals will not be citizens in the traditional sense. They will be digital nomads, leveraging encryption, distributed networks, and global jurisdictions to elude the coercive grasp of any single state. Their assets will be in cryptographic vaults, not vaults of stone. Their wealth will move at the speed of light, not at the pace of a plow. The age of geography is dying. The age of the algorithm is dawning. And with it, the returns to violence will fall—because the truly Sovereign Individual cannot be caught. #Bitcoin image
Disagree politely and with respect. People appreciate when their opinions are valued, even if you don’t agree. Never outright tell someone they are wrong. #HowToWinFriendsAndInfluencePeople #DaleCarnegie
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npub1p4yw...0gj6 10 months ago
Arguments often lead to resentment. Instead, seek understanding and to find common ground. Arguments often lead to entrenched positions, where both parties become more defensive and less open to understanding. Listen to the other person’s point of view. #DaleCarnegie
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npub1p4yw...0gj6 10 months ago
The Sigmoid Function Curve of Technology is a model that describes how technologies typically develop and grow over time. It's shaped like an "S" (hence the name "sigmoid"), and it reflects three key phases: 1. Introduction Phase (Slow Start) - Early development and experimentation. - Progress is slow, expensive, and often uncertain. - Adoption is limited to innovators or researchers. 2. Exponential Growth Phase (Rapid Acceleration) - The technology gains traction and becomes more widely adopted. - Performance improves rapidly, and costs drop. - Applications expand and growth becomes exponential for a time. 3. Maturity and Saturation Phase (Slowing Down) - Growth begins to level off. - The technology hits physical, economic, or practical limits. - Innovation slows, and focus shifts to optimization or integration with other tech. Why It Matters: - The curve helps explain why no technology grows forever at an exponential rate. - It shows how progress often happens in waves—as one technology matures, another begins to rise, creating overlapping sigmoid curves. - It's a helpful way to understand trends in tech development, such as what happens after Moore’s Law slows down. #Bitcoin image
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npub1p4yw...0gj6 10 months ago
Your problems seem big because you’re standing too close. Step back and get some perspective.
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npub1p4yw...0gj6 10 months ago
Frame conversations around the interest and desires of others to keep them engaged and make them feel important. #DaleCarnegie
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npub1p4yw...0gj6 10 months ago
Be a good listener. Encourage others to talk about themselves. People love to talk about their interests and desires. Listen, actively, ask questions, and show genuine interest in their words. #DaleCarnegie
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npub1p4yw...0gj6 10 months ago
What Is the Yield Curve—and Why Everyone Talks About It When It Inverts The yield curve might sound like financial jargon, but it’s actually one of the most important indicators in the economy. It’s a snapshot of how interest rates on U.S. government bonds (Treasuries) stack up across different time horizons—from short-term (like 3 months) to long-term (like 10 or 30 years). Under normal conditions, long-term bonds offer higher yields than short-term ones, compensating investors for locking up their money longer. That’s a normal, upward-sloping yield curve. But when the yield curve inverts—meaning short-term interest rates rise above long-term ones—it sends a strong signal: markets expect economic trouble ahead. What Causes the Inversion? An inversion usually happens when investors lose confidence in near-term economic growth. As they anticipate slower growth or even a recession, they pile into long-term bonds for safety, driving their yields down. Meanwhile, short-term rates may stay high due to Federal Reserve policies aimed at controlling inflation. Why It Matters Historically, an inverted yield curve has been one of the most reliable predictors of a recession. It’s preceded every U.S. recession in the past 50+ years. But beyond the predictive power, it also has real-world effects: - Tighter Credit: Banks borrow short and lend long. When short-term rates are higher, lending becomes less profitable, and banks may pull back on loans to businesses and consumers. - Investor Behavior Shifts: Many investors rotate out of risk assets (like stocks) and into safer investments, causing market volatility. - Business Uncertainty: Companies may delay hiring, investing, or expanding due to concerns about future demand. - Policy Responses: Central banks may be forced to pivot strategies, cutting rates or taking other measures to try to stabilize the economy. Bottom Line The yield curve isn’t just a bond market technicality—it’s a window into market expectations and economic psychology. When it inverts, it doesn’t guarantee a recession, but it does suggest caution. It’s a sign that the market sees rougher waters ahead—and everyone from CEOs to retail investors should pay attention.
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npub1p4yw...0gj6 10 months ago
The Only Real Scarcity We chase money, status, things—but the only truly scarce resource any of us will ever have is time. Everything else can be gained, replaced, rebuilt. You can lose all your money and earn it back. You can lose possessions and buy new ones. Even relationships can come and go, and sometimes come back again. But your time? Every second that passes is gone forever. You can’t pause it. You can’t earn more of it. And no matter how rich, powerful, or lucky you are, you’re spending it—whether you're aware of it or not. So how are you spending yours? Are you giving it to people who value it? Are you investing it in what matters to you? Or are you trading it for things that don’t really give anything back? Because at the end of it all, we don’t regret the things we did nearly as much as the time we wasted. Use your time like it’s the most precious thing you own—because it is.
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npub1p4yw...0gj6 10 months ago
Remember that a person’s name is, to that person, the sweetest sound in any language. Use people’s names often and remember them. It makes others feel valued. #DaleCarnegie
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npub1p4yw...0gj6 10 months ago
1. What is a Bitcoin-to-Stablecoin Atomic Swap? An atomic swap is a smart contract-based technology that allows two parties to exchange cryptocurrencies directly between blockchains without needing a centralized exchange or custodian. It’s called “atomic” because the swap either completes in full or doesn’t happen at all — no one can cheat. So, a Bitcoin-to-Stablecoin atomic swap means trading BTC directly for a stablecoin (like USDC or USDT), peer-to-peer, without intermediaries, using atomic swap protocols. 2. Why Is This Important? Most stablecoins (especially USDC, USDT) are USD-pegged, meaning they’re digital dollars. If people around the world can swap BTC for stablecoins easily and directly — without using exchanges — it: - Increases global access to the dollar (via stablecoins) - Avoids censorship/control from centralized exchanges or governments - Encourages people in unstable economies to use stablecoins as a store of value or medium of exchange 3. How Could This Play into Dollar Dominance? Here’s where it gets geopolitical: Dollar Demand Goes Up: If stablecoins become easier to acquire via Bitcoin atomic swaps, then demand for dollar-backed assets increases, even in regions that can’t access traditional banking. Bypasses Traditional Financial Rails: People don’t need a U.S. bank account or SWIFT access to hold/use dollars — they just need crypto wallets. This extends dollar influence even further. Decentralized Dollarization: Countries or individuals can dollarize without official policy or IMF intervention — just by using crypto. Resistance to Sanctions or Capital Controls: If someone can't access USD due to sanctions or government controls, they might swap BTC for USDT/USDC through atomic swaps, sidestepping restrictions. Key Implications: Pros for Dollar Hegemony: - Reinforces USD’s global use - Makes the dollar more accessible - Embeds USD in the crypto infrastructure Risks for U.S. Control: - Harder to regulate how stablecoins move globally - Capital flight from developing nations could accelerate - Sanctions enforcement becomes tougher What do the smart folks of NOSTR think about this? #Bitcoin #BTC image
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npub1p4yw...0gj6 10 months ago
Ludwig von Mises & the Regression Theorem: Why Money Needs a Past Ever wonder how something becomes money in the first place? Ludwig von Mises answered that nearly a century ago with what’s now known as the Regression Theorem. The problem is this: For people to accept something as money today, they need to believe others will accept it tomorrow. But where does that initial value come from? Mises explained it like this: The value of money today comes from the value it had yesterday. That value yesterday came from the day before—and so on. But this can’t go back forever. Eventually, we regress to the point where the good wasn’t used as money at all, but as a commodity with real, non-monetary value. Gold, for example, had industrial and ornamental value before it was used as money. That prior use gave it a baseline value people could trust—so it could take on monetary properties over time. Mises’ theorem answers the chicken-and-egg problem of money. Money doesn’t come from thin air. It evolves, rooted in real-world demand, long before it becomes a unit of exchange. So how does this relate to Bitcoin? Bitcoin skeptics often argue that it violates the regression theorem because it had no “commodity use” before becoming money. But early Bitcoin adopters did value it—first for its digital scarcity, then as an uncensorable payment network, and eventually as a hedge against fiat debasement. Its utility as a decentralized, permissionless system gave it the spark. Market adoption did the rest. The regression theorem doesn’t disqualify Bitcoin—it explains how it crossed the bridge from novelty to value. Bitcoin created a new kind of digital commodity: pure scarcity, secured by math and energy. #Bitcoin image
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npub1p4yw...0gj6 10 months ago
Bitcoin: The Hardest Money Ever Created Bitcoin’s foundation is proof-of-work—a system where miners compete to solve a cryptographic puzzle. The first to solve it gets to add a block of transactions to the blockchain and is rewarded with newly minted Bitcoin and transaction fees. This process isn’t just about minting coins—it’s about securing the network through raw computational power. But Bitcoin doesn’t just rely on mining to maintain integrity—it also adapts. Every 2,016 blocks (approx. 2 weeks), the network adjusts the mining difficulty to ensure blocks are found roughly every 10 minutes, regardless of how much computing power is on the network. More miners? The puzzles get harder. Fewer miners? They get easier. This is the difficulty adjustment, and it’s what keeps Bitcoin stable, predictable, and resilient. This combination of proof-of-work and difficulty adjustment creates a system of money that is not only decentralized but also incorruptible. It costs real-world energy to produce each coin—tying digital scarcity to physical resources. That’s why Bitcoin is often called “the hardest money to ever exist.” Unlike fiat, you can’t print more at will. Unlike gold, it’s infinitely divisible, instantly transferable, and provably scarce. At its core, Bitcoin operates on a principle that flips traditional finance on its head: don’t trust, verify. Every transaction, every coin, every rule—it's all enforced by code, not by central banks or governments. There are no backdoors, no bailouts, and no one you need to trust. Just math, energy, and consensus. That’s the brilliance of Bitcoin. 100% verification. 0% trust. The first money that is truly sovereign, secured by physics, and governed by code. #Bitcoin image
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npub1p4yw...0gj6 10 months ago
A simple smile goes a long way in establishing rapport and warmth. A smile creates an instant connection. You convey warmth, confidence, and approachability, inviting others to feel at ease in your presence. It is a universal language that transcends culture and linguistic boundaries, signaling kindness and goodwill. #DaleCarnegie 🙂
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npub1p4yw...0gj6 10 months ago
The Hurdle Rate: From Inflation to CPI and Why It’s the Rate of Monetary Expansion You Should Be Watching For years, inflation was the go-to measure of debasement. It was a simple and straightforward indicator: how much the value of your money was eroded by rising prices. However, in recent decades, this picture has become more complex, and a major shift has occurred in how we measure and think about debasement—leading to a critical misunderstanding about the true "hurdle rate" we need to beat to grow our wealth. The Shift from Inflation to the Consumer Price Index (CPI) Historically, inflation was directly tied to the rate at which your purchasing power would shrink. If inflation was 3%, it meant your money would lose 3% of its value over the year, so you needed to earn at least a 3% return just to stay even. The hurdle rate was therefore straightforward: you had to beat inflation to preserve the real value of your wealth. However, over time, the way inflation is measured has evolved. Today, most people rely on the Consumer Price Index (CPI) as the standard gauge for inflation. While the CPI still tracks price changes, it has been adjusted over the years to reflect only a certain basket of goods and services, which may not fully capture the real costs that individuals face, especially in areas like housing, healthcare, and education. The CPI has become a much lower figure than the true rate of debasement. Why? Because it reflects a "basket" of goods that might not account for rapid price increases in the things that matter most to most people. In short, the CPI no longer reflects the true rate at which your purchasing power is being eroded. This adjustment has led to a massive underestimation of the real hurdle rate. The Real Rate of Debasement: The Rate of Monetary Expansion So, what’s really happening behind the scenes? The true rate of debasement is not simply the CPI—it’s the rate of monetary expansion. Central banks, particularly the Federal Reserve in the U.S., have been printing money at unprecedented levels, especially since the 2008 financial crisis and during the COVID-19 pandemic. This expansion of the money supply leads to inflationary pressures that go far beyond what the CPI shows. When central banks inject more money into the economy, it creates a devaluation of the currency, which increases the price of assets, goods, and services over time. This means that the rate of monetary expansion—the increase in the money supply—is actually a much more accurate reflection of the debasement you face, yet it’s rarely discussed in mainstream inflation metrics. For example, if the money supply is growing at 7% annually, this rate of expansion will likely lead to broader inflationary pressures, even if the CPI is showing a much lower rate, say 2-3%. Thus, your real "hurdle rate" should take this monetary expansion into account. Why Beating the Hurdle Rate is Crucial If you don’t account for the true rate of monetary debasement (the rate of money supply expansion), you’re likely underestimating the returns you need to protect your wealth. In a world where central banks are continuously increasing the money supply, you need to earn returns that outpace this growth to avoid falling behind. Let’s say the rate of monetary expansion is 7%, but the CPI is showing a modest 2% inflation. If you aim for a return just to match the CPI, you might think you’re doing well, but you’re actually falling behind the real rate of debasement, which is driven by the expansion of money itself. To truly preserve your purchasing power and grow your wealth, your investments need to exceed the 7% rate of monetary expansion, not just the 2-3% CPI inflation. The Bottom Line Understanding the hurdle rate isn’t just about beating inflation—it’s about beating the true rate of debasement, which is tied to the rate of monetary expansion. As the money supply continues to grow at a rapid pace, it’s more important than ever to calculate your returns against this broader and more insidious form of currency devaluation. If you’re only targeting the CPI, you’re underestimating the true risk to your wealth. In today’s economic environment, simply beating the CPI isn’t enough. To stay ahead, you need to focus on the rate of monetary expansion and ensure your investments outpace that expansion. Failing to do so means you’re not just standing still—you’re losing ground, and that’s a real risk to your financial future. #Bitcoin image
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npub1p4yw...0gj6 10 months ago
The Tuskegee Syphilis Study: A Dark Chapter in American Medical History I know that this one is more widely known, but I think it’s important that it’s also captured in this protocol. From 1932 to 1972, the U.S. Public Health Service conducted what is now known as the Tuskegee Syphilis Study—a 40-year-long medical experiment on 600 Black men in Macon County, Alabama, without their informed consent. The study involved 399 men with syphilis and 201 without. The participants were told they were being treated for “bad blood,” a vague term used to describe a variety of ailments. In reality, they were not treated at all—even after penicillin became the standard cure in 1947. Doctors withheld treatment and instead tracked the progression of the disease, even as men suffered from severe complications, blindness, mental deterioration, and death. The goal was to observe the natural course of untreated syphilis in Black men. The men were misled, denied proper medical care, and even prevented from accessing treatment elsewhere. Dozens died, and many of their wives and children were also infected. The study was exposed in 1972, leading to national outrage and the eventual establishment of stricter ethical guidelines for human research. In 1997, President Bill Clinton formally apologized to the survivors and their families, acknowledging the deep violation of trust and human dignity. The Tuskegee Study has left a lasting legacy of mistrust toward the healthcare system in many Black communities.
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npub1p4yw...0gj6 10 months ago
Operation Wetback: A Forgotten Chapter in U.S. Immigration History I know what you’re thinking, that this can’t be real but in 1954, the U.S. federal government launched Operation Wetback, a large-scale immigration enforcement campaign aimed at deporting Mexican nationals who were in the country illegally. The operation was driven by rising anti-immigrant sentiment, pressure from white labor interests, and a desire to assert stricter control over the southern border. Spearheaded by the Immigration and Naturalization Service (INS) with the backing of the Eisenhower administration, the program led to the mass deportation of over 1 million people—though official numbers vary and are often disputed. Many individuals were rounded up in aggressive raids, often without due process or time to gather personal belongings or notify family. Some U.S. citizens of Mexican descent were also swept up and deported unlawfully, due to racial profiling and lack of documentation. Deportees were frequently transported in inhumane conditions, with reports of overcrowded buses, ships, and trains. One tragic example was the “Hotbox Incident,” where over 80 people died of heatstroke in a repurposed military plane. Critics of Operation Wetback point to its racial targeting, civil rights violations, and lasting impact on Mexican-American communities. Despite its name—now widely recognized as a slur—the operation is rarely discussed in mainstream conversations about U.S. immigration history. Understanding Operation Wetback is essential to grappling with the complex legacy of immigration policy, border control, and civil liberties in the United States. #Bruh
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npub1p4yw...0gj6 10 months ago
The Bezzle and the Illusion of Modern Wealth John Kenneth Galbraith coined the term “the bezzle” to describe a peculiar and revealing phenomenon in finance: the magic interval between an embezzlement and its discovery. During this time, both the thief and the victim feel richer. It's an illusion of prosperity, a kind of economic hallucination. Today, a good portion of the global economy is operating in something much like a perpetual bezzle—not through outright fraud, but through the pursuit of fiat wealth: government-printed money, channeled through stimulus programs, credit expansion, speculative bubbles, and financial instruments that seem increasingly divorced from productive labor. Rather than building things of value—housing, infrastructure, healthcare, innovation—a significant slice of economic energy is devoted to getting closer to the money printer. Lobbyists, hedge funds, consultants, compliance officers, central bankers, and tech firms all circle the same flame: not how to serve society, but how to position themselves next to the issuance of currency and the rules around it. In Galbraith’s terms, this isn’t progress—it’s theater. An economy can appear vibrant while growing more hollow, as more minds chase rents rather than returns on real work. The bezzle has expanded from a quirk of fraud to a systemic feature of modern capitalism. The danger is not just inefficiency—it’s disillusionment. When people sense that real work is undervalued and financial games are rewarded, trust collapses. And when trust collapses, the bezzle ends—not with a bang, but with a very expensive audit. #Bitcoin image