John Boyd's OODA loop taught fighter pilots that tempo wins fights. But the deepest insight isn't cycling faster; it's blinding your enemy so they can't cycle at all. Privacy through encryption does exactly this, inverting normal attack/defense economics. When defense costs pennies and attack costs millions, the adversary can't afford targeting you. View article →

Hodling bitcoin is not low time preference. Only lending or investment expresses time preference; a hoard is liquidity for consumption. New post on what time preference actually is, why wealth causes lower time preference rather than the reverse, and how the term has been inverted in popular usage. View article →

The internet runs on rough consensus and running code, not legislative decree. Medieval Iceland operated for three centuries without a king. The Law Merchant governed cross-border commerce across Europe through voluntary adoption and merchant courts. What these systems share is a radically different relationship between individuals and rules: jurisdiction follows relationships rather than territory, and exit remains possible. New post explores how networked societies might finally escape the monolithic legal model that serves nobody well. View article →

Crowdfunding promised to democratize capital. ICOs promised to decentralize it. Both failed investors in the same fundamental way: once you send money, you lose control. @Angor rewrites this contract using Bitcoin timelocks and Nostr, letting investors recover unspent funds at any stage. The exit option changes everything. View article →

Nothing tests your stoic resolve than an accidental rm -rf

The state's optimal citizen is not prosperous, not destitute, but precisely desperate enough to need the next handout. Too comfortable and people make independent decisions. Too hungry and they riot. The sweet spot is total dependency without total collapse. View article →

Kryptoökonomie, das Buch von Eric Voskuil, ist jetzt auch auf deutsch übersetzt und auch als Hörbuch!

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Kryptoökonomie - Grundprinzipien von Bitcoin | Podcastindex.org

Falls Sie glauben, dass Sie etwas über Bitcoin und die Österreichische Schule der Ökonomie wissen, dann sind Sie vielleicht bereit für Kryptoö...

In December 1914, enemy soldiers spontaneously stopped killing each other, exchanged gifts, and played football in No Man's Land. The generals were horrified and ordered artillery bombardments to ensure it never happened again. They understood what most peace activists miss: war persists through manufactured consent, and it ends when that consent is withdrawn. View article →

Good read. The state wants you just above starving and depending on government aid, that's when they have the highest leverage and maximum obedience. View quoted note →