Bitcoin isn’t the unit of account. Electric power is the unit of account Bitcoin allows us to measure the world in terms of power expenditure. It doesn’t just allow it, it requires it. It demands it.

Ep65 - Monero & Chill @Fundamentals21m & @_business_cat talk about the merits of Monero

Fountain: Podcasts & Music

Fountain: Podcasts & Music

Discover millions of podcasts and emerging artists worth supporting. Powered by RSS, Lightning and Nostr.

An increase in bond yields will expose broke-ass financial systems that have lived under the rug of QE for a long time. Imagine this: The US was incapable of raising those yields by themselves. They needed some big bag holders to cooperate. They created a phony trade war with China to do the deed. But why? Who would China and the US cooperate against to expose their broke-ass-ness and leave buried in the jail of bankruptcy while the 2 powers build the new order? Any guesses?

Fountain: Podcasts & Music

Back on the Chain • BotC10: Bathtub Gin, Foam, and Communicating With Aliens • Listen on Fountain

In this episode, we dive into the intriguing connections between the band Phish, baseball, and unexpected musical moments. Our host recounts a day ...

We're Back on the Chain every week! Nothing stops us.

Primal is the AOL of Nostr.

Video 3: Fermat's Little Theorem Fermat's Little Theorem intro with exercises mod 5 and mod 7

Thank you Cowboy Neal Cassady! @Shadrach is the guy in every story about every band who got a bus to shuttle all of the local fans to the big city gig! I brought Shadrach to the 9th cube yesterday and we met John Leclair, who worked on Trey’s rig for many years. History rhymes and Grateful Dead history rhymes into Phish history with a better outcome. Phish history is rhyming into Bitcoin history with a better outcome. Get on the bus!! View quoted note →

Unit Groups part 2 Math with Fundamentals, In part 2 of our Unit Group exercise, we find the order of every element of the Unit Group modulo 5, and find the primitive roots of that group

Video 1: What Is A Unit Group? I discuss Unit Groups, and go through the example, using a modulus of 5, I prove the 4 Group axioms under multiplication.

Sorry Nostr but it’s not too different here. I have more hope here but it’s all the same memes.

Circular bitcoin economies are what make diamond hands. Spending your bitcoin at Burger King doesn’t make much sense - you might as well sell it to an exchange - but I get why people think these are different. Spending your bitcoin on a friends time because you want them to see how valuable spending that time on your task is - this bitcoin isn’t sold off right away. This bitcoin is HODL’d within a community that wants to direct each others time in a particular and focused way. Bitcoin circular economies isn’t about buying soap or trinkets - though they may do so strictly for the fun and the ritual. It’s a deep agreement amongst the members that Bitcoin is crucial to their way of life. These communities and economies will outlast the Microstrategys and Blackrocks of the world by centuries. What are you building now anon? Who are you building for?

Jon is the founder of a hybrid physical / metaphysical circular sound money economy called the @meshtadel It was inevitable that a coffee shop would show up to help bring us together. View quoted note →

The nostr groupies are gonna hate this but - I enjoyed Nostr much more 18 months ago when it was easy and straightforward to zap. I enjoyed it more when the apps were experimental and developing, before the influencers centralized everyone around Primal. I enjoyed it more when Twitter was much more of an absolute signalless helscape than it is now. I still like it here and its worth the time to keep building here but I don't think the experience is better today. Zaps need to come back and be made a lot easier.

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

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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.

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.

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.

@Guy Swann and I running into Zeno’s paradox in the same week and connecting it to Bitcoin is an act of God. Happens also to be the same week I started reading my blogs and also in which i brought the secret society discovery of irrational numbers in an essay about the value of miners https://risk-fundamentals.ghost.io/what-is-the-value-of-a-bitcoin-miner/