El Salvador is making a disappointing move by allowing the IMF to dictate terms on their sovereignty for a loan they say they don’t need. But let’s have a little perspective 1. Bukele can’t stay in office forever - democracies with term limits are not good structures for long term Bitcoin projects that need decision continuity for decades 2. El Salvador shot for the moon. Just because they missed doesn’t make them shit. They are an inspiration for being so unreasonable and they gave a lot of people hope. 3. The fact to face is that the IMF is undefeated and will remain so. No nation can truly resist the corruption of Fiat money. It’s just a statement of how early we still are

Boosting to push to Nostr

Fountain

Rock Paper Bitcoin • 53 - Backing Up • Listen on Fountain

Recorded Nov 30, 2024 - 872619If you like the show and want to support us, you can stream sats by listening with any podcasting 2.0 app.Follow Rock...

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Join @Fundamentals for an AMA at 7p EST

7pm EST - I’m gonna do an AMA on CornyChat - will post link shortly before

https://fountain.fm/episode/jG0IDd55yG5J9XzIH1Kf I really enjoyed this conversation with @Ungovernable Misfits . I thought it came out great and @jordan did a great job making me sound coherent. I’m hoping this reaches people who are fighting to increase their own conviction - not in Bitcoin - but with how they’re living their life. If you enjoy the conversation, consider checking out @RockPaperBitcoin and giving us and listen.

Haven’t listened yet but I like the title. https://fountain.fm/episode/IDdIc9eCJ0Ilgxx9SXe2 View quoted note →

The Bitcoin Standard: A Perspective Shift Living on a Bitcoin Standard requires a significant perspective shift from the fiat-based mindset most people are accustomed to. Here's a summary of how one should view this transition, based on insights from the sources provided: 1. Bitcoin as a Tool for Freedom and Sovereignty: Embrace Bitcoin's potential to provide financial freedom and sovereignty. This means taking self-custody of your Bitcoin to a "gulp limit" - an amount you're comfortable holding yourself. [3] This act of self-reliance fosters a sense of personal power and independence from traditional financial institutions. Recognize that a Bitcoin Standard prioritizes individual responsibility and honesty. It encourages transparency in valuing your time, skills, and contributions, leading to a more equitable exchange of value. 2. Shifting Away from Fiat-Centric Thinking: Challenge the ingrained notion of chasing fiat gains as the primary measure of success. Recognize that the pursuit of fiat gains often leads to a focus on short-term profits and speculation, rather than building long-term value. Focus on developing skills and expertise to earn Bitcoin directly, rather than relying on traditional investment vehicles designed for a fiat system. This aligns with the Bitcoin ethos of value creation and exchange. Decouple from the expectation of salaries as the primary form of compensation. Instead, explore alternative models like contract work or value-for-value systems that are better suited for a Bitcoin Standard. Understand that Bitcoin's value proposition extends beyond being just a store of value. It can be a tool to reduce expenses and increase purchasing power by transacting directly in Bitcoin. 3. Embracing a Long-Term Perspective: Develop patience and resist the urge to constantly measure Bitcoin's value in fiat terms. This long-term view allows you to weather market volatility and benefit from Bitcoin's potential for appreciation over time. Recognize that living on a Bitcoin Standard is a journey, not a destination. It requires a willingness to adapt, learn, and connect with like-minded individuals building a new financial system. 4. Navigating the Transition Phase: Engage with the fiat system strategically while prioritizing your transition to a Bitcoin Standard. This might involve earning fiat income while simultaneously accumulating Bitcoin and seeking out opportunities to transact in Bitcoin whenever possible. Surround yourself with a community of Bitcoiners who share your values and vision. This provides support, fosters learning, and strengthens your resolve during the transition. Be wary of influential figures who promote Bitcoin while clinging to fiat-centric thinking. Their actions might not align with the principles of decentralization and individual sovereignty that underpin a Bitcoin Standard. Living on a Bitcoin Standard is about embracing a new paradigm—one where individual sovereignty, financial freedom, and a long-term perspective are paramount. It requires a shift in mindset, a willingness to challenge conventional thinking, and a commitment to building a more equitable and decentralized future.

Another Bitcoin meet up Another 2 hours of why Nostr sucks And another month of everyone still using it. Tick Tock.

My personal reflection is that its much easier to attack things than to get behind things - but thats not a reason to stop attacking things that need to be attacked. I just need to make sure I'm also building.

I’m suspicious of anybody who calls themselves a mathematician on the internet without the slightest shame of being underaccomplished.

Ever wonder why companies don’t try to make money anymore? It’s all about corporate debt and “stakeholder equity” A company cannot be viewed as having a likelihood of defaulting on It’s debt. In order for that to happen, they have to be eligible for a bailout if things really do go badly. So companies need to commit significant resources - just about all they have - toward being “worthy” of a bailout should the time come. This entails malinvestments of time and effort such as DEI, Climate, etc. and generally being on the good side of the state and those who determine who gets bailed out. You know who’ determines who gets bailed out? Think Blackrock. So all of these unproductive projects ate sucking resources, as a priority above making money. Additionally, companies are at the gunpoint of the centralized voting proxies of asset managers like Vanguard, State Street, and Blackrock. No company’s board wants to be ousted by these people. These people who have nothing to do with these companies - just custody the assets of their investors - end up driving the fulcrum of governance at all of these companies to the end that they are no longer allocating resources to profitable projects in fear of upsetting these terrorists. Companies are violating their fiduciary duty to their shareholders en masse and nobody seems to be doing anything about it.

Biggest black-pill of them all: The Normal probability distribution is a bullshit psyop amd most of what has been built off it is wrong and nobody will ever really know what’s wrong or not Our overlords are exploiting our distorted sense of risk against us. The only silver lining is that they don’t really know that the distribution doesn’t work and still stabs the selves with that sword.