Imagine running around for decades not being an Indian, but telling all your friends you are one. Then getting caught, made fun of by the president of the United States, and then still expect people to take you seriously.
LNVPN is currently my favorite project on bitcoin. Played with it months ago, but #[0] reminded me about it recently and I’ve been using it constantly the last few days.
I can’t see a picture of Elizabeth Warren without cracking up that she spent decades pretending to be a Native American to advance her career and pump her employers diversity stats.
There is no free market in banking. How fractional reserve banking is held up:
1. Make it policy to inflate the currency. The higher the better.
2. Make bank bailouts federal policy.
That’s it. Sure it helps to make full reserve banks illegal. But if you can print money to bail out fractional banks (which is happening over and over) and guarantee whatever deposits, you make full reserve banks impractical and cement the monopoly via fractional fraud.
I used to think the Fed banned full reserve banks in fear of deposits rushing into them, but it’s actually counter productive. They should allow them to fail, because the fraud won’t allow free banking to compete.
H/T Saif for making me realize this. And Stephan Kinsella:
We’re starting a new event at The Bitcoin Commons: The Nakamoto Debate series. Our first debate will feature Steve Barbour and Jesse Peltan moderated by #[0] . The resolution: Hydrocarbons are the most sustainable source of energy to mine bitcoin. This is going to rule.
I have it on good authority that all Ripple or Greenpeace need to do is pay #[0] and he can help them #LearnToCode so they can make a way better bitcoin. Are they incapable or just lazy?
The entire ritual of half the educated world hanging on the speech of a guy, then interpreting it for “dovish” and “hawkish” themes is just the funniest. Will be remembered the way we view oracles and omens.
Shoutout to the folks providing the remote stream for Nostrica. Grateful to be able to tune in and here so many great stories on the origin of Nostr and things to come.
We’re still early at the Bitcoin Commons for the Bitcoin Takeover. I got to sit down with CJ Wilson who has integrated bitcoin into every part of his life. He pays employees at his car dealership for m Fresno in bitcoin, he runs a mining company, he co-founded the Bitcoin Today Coalition that educates legislators around the country about bitcoin, and after an all star pitching career saves his earnings from MLB in bitcoin. He’s the fucking man.
GM. The Bitcoin Takeover is officially underway with #[0] cooking all the meats while we overlooked the bitcoin capitol. SXSW is so dorky in comparison.