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penglunds
npub1fjgr...52r7
Sailor, filmmaker, open protocols.
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penglunds 8 months ago
Just dropped Parts 1 & 2 of my deep-dive into #Softwar by #JasonLowery — the 400-page MIT thesis the U.S. DoD reportedly pulled for national security reasons. This is the start of a 5-part series unpacking bitcoin from a new lens guaranteed to blow your mind! 🤯🧵👇 https://medium.com/@penglunds/softwar-by-jason-lowery-hard-forking-human-civilisation-part-1-5-eb4cf79240fe #Bitcoin #Nostr #growstr #proofofwork #planetarycomputer #btc #thesis #lowery #bitpower #abstractpower #physicalpower
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penglunds 11 months ago
The perverse reality is that the hidden tax of monetary debasement fosters the greatest dependency of the people on the government, not when it succeeds, but precisely when it fails to serve them. #nostr #inflation #bitcoin #btc #grownostr #growstr
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penglunds 1 year ago
Check out @npub1e3nc...t37a‘s new episode about one of my articles! Translated into Spanish! 🇪🇸🙏⚡️ It’s available on Fountain and Spotify, and more! Make sure to follow Audiobits and check out all the other episodes! Thank you for sharing! Feliz Navidad!🎄 #grownostr #bitcoin #btc #podcast #nostr #audiobits #grownstr
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penglunds 1 year ago
Merry Christmas from Kenya! 🎄🧑‍🎄
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penglunds 1 year ago
Does anyone have or know of anyone with a spare ticket to Africa Bitcoin Conference? @afrobitcoindotorg Booked my flights yesterday night, only for us to hit 100k while I was asleep and tickets sold out! 😩🇰🇪 Please reach out if you do!! Happy 100k day! ❤️ #bitcoin #btc #help #abc2024 #abc24 #nostr #africabitcoinconference #grownostr #nairobi #kenya
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penglunds 1 year ago
“Imagine a world where people collectively decide not to fund wars—not through tireless protest or legislation—but by peacefully opting into an economic system that makes it not only impossible but irrational to do so.” #theimpossibletrinity #theimpossibletrilemma #fiat #fiateconomy #soundmoney #bitcoin #btc #nostr #grownostr #war #conflict #environment #decentralization image
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penglunds 1 year ago
”The question you have to ask yourself at the end of all this is: Are these values — this incorruptible system that offers a paradigm shift by inherently incentivising sustainability — worth protecting? If you care at all about the environment, the answer isn’t just a modest “yes” — it should also include an acknowledgment that nothing has probably been more worthy of protection than this, which means no use of energy has ever been more justified.” #environment #bitcoin #mining #bitcoinmining #climatechange #nostr #sustainability #nature #virungapark image
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penglunds 1 year ago
@Saifedean Ammous Just watched the pod with Michael. As far as I’m concerned, you are on the same page about borrowing, but Michael doesn’t seem to get your point. If I’m not mistaken, you’re just pointing out that it’s realistic that nominal interest rates will go to 0% under BTC, but that doesn't mean the real interest rate will be zero. Because BTC is deflationary, the real interest rate under 0% nominal rate will be whatever the deflation rate is. So let's say it's 3%, that means the borrowers will earn 3% a year by borrowing their money for 0% nominal interest rate. Wasn’t that the point you were trying to make?
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penglunds 1 year ago
“We have a situation today where we’re all running around like headless chickens trying to inject sustainability back into the system, while every economist from the South to the North Pole with an actual say cheers for us to burn through every last resource, as if that somehow was the secret to achieving it. It’s an absurdity so profound, it completely lacks comparison.” #soundmoney #bitcoin #nostr #grownostr #inflation #deflation #gold #fiat #fiatsystem https://medium.com/@penglunds/from-harmony-to-greed-humanitys-fall-and-potential-return-to-sustainability-ccb8edb16ce1 image
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penglunds 1 year ago
Do I need one lightning wallet for every client I’m using w. #Nostr? #asknostr #lightningwallet
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penglunds 1 year ago
In the future, when Bitcoin layer 1 fees become too expensive for the average person and are only financially justifiable for large companies and banks, am I correct in my understanding that newcomers will still be able to open a wallet and receive and transfer funds directly on the Lightning Network (layer 2) without ever needing to settle or fund a layer 1 wallet? That’s how it scales without necessarily involving counterparty risk, right? #Bitcoin #LightningNetwork #BTC #Scaling #BitcoinScaling #Layer2