Filipe Martinho's avatar
Filipe Martinho
npub15d3m...8n99
Physicist & Solar Photovoltaic R&D Engineer at Hanwha QCells
The US debt goes up by $1 trillion every 100 days. And the interest on that debt is close to $1 trillion a year. When the debt spirals out of control, taxes are effectively irrelevant. Same thing happened in 1919-1924 in the Weimar Republic in Germany. Read the book "When money dies" by Adam Ferguson (1975) https://twitter.com/FilipeMartinh10/status/1765988718542782673?t=xAVbRX-czQHEix3lRTUSlQ&s=19 https://image.nostr.build/ea7b20279b6dbae0cc1e9ed96a061b9589d33fe61853ff6f7e30ebe749ada77a.jpg#m=image%2Fjpeg&dim=864x1920&alt=Taxes+are+unnecessary+&blurhash=%5B25X%5BX-%3BkB%25M%7EqIAenxa-%3BM_%25Mxus%3AM%7BkCofIpM%7BaeRjM%7B-%3BtQWV00xuWDIUIp_3t7M%7BD%25x%5DNGMx&x=88a84b99db8107c21a2baecee7c56bc38aa2cc7ae964abe2bf698a134271e1cc
"A perfect money never existed before, every academic never understood what real money was, so most modern economics is a pseudoscience" - Saylor As a physicist I've always wondered this and cringed seeing how my economics colleagues handled poorly constructed mathematical methods with unrealistic assumptions and unjustified simplifications Modern economics does not follow fundamental principles of the scientific method (e.g. check your assumptions if your model does not accurately predict outcomes) yet it has an outsized influence on our modern societies. But that's about to change, and I can't wait for the improvements that will bring to the world https://video.nostr.build/4625bd4dc7bddf5fe0a5a6e35723fbbee3dccf6ae2926841f4b26356df4be622.mp4#m=video%2Fmp4&dim=480x270&alt=Michael+Taylor+on+why+a+perfect+money+never+existed+until+Bitcoin+&blurhash=iB9%24%3F%5B%7D%3DwZ%5EK%7D%3F%3D_f4%24%7E-V%5Ej%250kQ%24%7C-n-nxWxX%251OBt6%251odX4xZ%250t5k9R*s%2C%24%25oeR*WUs%3As%3AbFR*f6oMoLWBR*a%7Dspay&x=9a04b4ce3b9060df7ab227baf15631a2aa8d600b746f60de96a10403ff4f69b3
Any CS2 fans out here on Nostr? Team Spirit just won IEM Katowice with a historical performance from Donk, 17 year old prodigy smashing all previous records in 20 years of the game! One of the greatest sporting achievements of the year #grownostr #Donked #CS2
"But in practice such a society could not long remain stable. For if leisure and security were enjoyed by all alike, the great mass of human beings who are normally stupefied by poverty would become literate and would learn to think for themselves; and when once they had done this, they would sooner or later realize that the privileged minority had no function, and they would sweep it away. In the long run, a hierarchical society was only possible on a basis of poverty and ignorance." 1984 (George Orwell)
Wrote a small thread about Bitcoin's Liquid network, arguing that although it is not perfect and has a few trade-offs regarding centralization and scaling, it is much much better than resorting to shitcoins, which do not benefit from Bitcoins network effect, and have a dilutive effect by reducing demand for Bitcoin. In contrast liquid increases organic demand for Bitcoin. I recommend a great tutorial by @BTC Sessions
"Until they become conscious they will never rebel, and until after they have rebelled they cannot become conscious." 1984 (George Orwell)
Heard an incredible little story on @Robert Breedlove "what is money" podcast with Bob Murphy: During the 2008 financial crisis, government officials & the federal reserve chair at the time, Ben Bernanke, met with AIG to discuss a possible $85 billion dollar bailout. During that discussion, a member of government reportedly asked Bernanke "where's the 85$ billion coming from? Whose budget will be affected?" - to which Bernanke responded "we're the Federal Reserve, we can come up with $850 billion if necessary". This short story highlights how little even politicians know about how our current money system works. Reminds me of the eternal discussion - don't attribute to malice what can be simply explained by ignorance. Is it malice, or is it ignorance? Also crazy to think that Bernanke's mention of $850 billion was obviously meant as an exaggeration, but 15 years later, seeing the >$6 trillion of covid stimulus just in US, $850 billion is just peanuts, it won't get the stimulus job done. And in 15 years, $6T will look like peanuts too! image
Absolute disgrace. Publicly announcing his intention to manipulate the price of highly illiquid tokens... Unbelievable image
Germany electricity production down 20%. Lower energy use correlates closely with lower standard of living. Still a tough period for Germany. Should have stopped using Russian gas long ago... It's also very concerning that it's a heavily regulated grid, so cannot easily employ novel grid balancing methods for renewables like Texas with Bitcoin miners. Europe continues to sink in their self-created regulation pit image
Germany housing prices significantly declining. Healthy pullback or the beginning of something bigger? In any case, good news for the youth looking to buy a home in one of the countries in Europe with the lowest % of home ownership image