Tuur Demeestr's avatar
Tuur Demeestr
tuur@NostrVerified.fyi
npub13l3l...8xc2
Bitcoin analyst, founder adamantresearch.com. Board txbitcoinfoundation.com, advisor to Blockstream & Unchained. Festina Lente — make haste slowly.
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tuur 2 years ago
Some countries have low daily volatility and high tail risk, such as Germany, Chile and Taiwan. Other countries have high daily volatility and high tail risk, such as Myanmar. Yet other countries have high daily volatility and low(er) tail risk, such as the United States. Low volatility and low tail risk? Switzerland comes to mind.
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tuur 2 years ago
Let’s be honest: On the bitcoin standard, there’s no guarantee that a custodian won’t fail spectacularly every few years. And on the fiat standard, there’s no guarantee that the system won’t burn to the ground every few decades.
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tuur 2 years ago
Who is the Chinese emigrant equivalent of Ayn Rand? Is there anyone who qualifies in terms of free market ideas?
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tuur 2 years ago
Never too young to learn about socialism 😄
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tuur 2 years ago
The Economist today. Headlines like these used to be unthinkable. Impossible. Now here we are. Bitcoin did this, we did this.
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tuur 2 years ago
The Land Run Monument in Oklahoma City is super impressive. All the more so since it was inaugurated as recently as 2006. Fascinating piece of history, too:
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tuur 2 years ago
Restaurant “Chez Fiat” image
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tuur 2 years ago
Like how feeding grain to pigs makes them fat and immobile, the fiat faucet leads to morbid obesity in governments. Via the fiat mechanism they leech energy from their host (the productive class) until it eventually succumbs. Bitcoin is life saving medicine because it thwarts fiat parasitism, thereby pushing out of control government gigantism into remission until it shrinks back to the equivalent of a survivable cancerous growth.
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tuur 2 years ago
My wife has been a libertarian from before we ever met. We just watched the Milei interview together. She was very moved to see someone who is running for President of Argentina articulate these important ideas so clearly (as if explaining it to a child) and sincerely. She especially appreciated the part where he explained how the Social Justice ideology violates equality before the law — which highlights the irony that in order to achieve its faux social equality it destroys actual judicial equality.
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tuur 2 years ago
Statists and central planners take for granted that 99% of the internet is privately funded, yet cannot fathom how highway ands railroad networks could ever function without government largesse.
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tuur 2 years ago
Eureka Springs, AK #OliverAnthony image
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tuur 2 years ago
“Selling out is usually more a matter of buying in. Sell out, and you're really buying into someone else's system of values, rules and rewards.” — Bill Watterson (of Calvin and Hobbes fame)
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tuur 2 years ago
Guess where I was today ☺️ #structuralmasonry image
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tuur 2 years ago
As obsessively we listen to music and watch movies today, before 1930 people read poetry and read novels. Seeking to learn what was in people’s hearts and heads in times’ past, on my last Belgium trip I bought more poetry bundles and writings by and about novelists.
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tuur 2 years ago
Self Sovereign Identity: There Is No Free Lunch? It seems that any kind of self sovereign identity (SSI) verification mechanism must involve effort on the part of the user— because the lower the effort required, the easier it is to game. This effort—inherent friction—will be a challenge to adoption. SSI’s necessary verification effort can be compensated for by making it worthwhile for the user; by making the SSI, once acquired, powerful and multifunctional. However, that in turn makes identity theft more profitable. Unless I’m missing something, there seems to be no escape here. Social recovery is often mentioned as a way to harden SSI. But if not done in the meatspace this can be subject to man-in-the-middle attacks. And eventually, as people’s bodies get more integrated with digital hardware (a la neuralink), the advantage of meatspace verification will diminish. I’m not saying Self Sovereign Identity isn’t a worthy goal to pursue, just trying to identify what fundamental challenges we will be facing as this technology is rolled out. Thoughts?
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tuur 2 years ago
New Communist Food Delivery Service Just Delivers You Empty Containers Then Shoots You Mr. Castro said he was inspired to start "Red Apron" after hearing so many Americans praise the incredible riches of Communist Cuba. "It fills me with joy to hear Americans want to experience a little slice of Communist life," he said as he loaded his pistol. "We here at Red Apron allow everyone to get a taste of what total equality is really like. You pay for the basic subscription, you starve, and go to the Gulag. Do you want a premium subscription? Starvation and gulag. Let's go spread some equality, boys!" image
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tuur 2 years ago
“The middle-of-the-road policy is not an economic system that can last. It is a method for the realization of socialism by installments.” —Ludwig von Mises
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tuur 2 years ago
Toon from the fourties image
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tuur 2 years ago
Everyone in Belgium is talking about labor shortages. Is this a universal phenomenon? I suspect that what’s really happening is inflation: => Higher input costs for biz + higher cost of living => biz can’t offer wages that make economic sense for workers.