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ScottyB
ScottyB@primal.net
npub1eaxs...mt6v
Detoxing the Algo’s
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ScottyB 5 months ago
Alright who flipped the switch on all the digital privacy rulings and laws recently? What happened and why now?
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ScottyB 5 months ago
One observation on communication in this space that may be controversial: Podcasts are great for the sheer volume and breadth of conversations but I can’t shake a feeling of mourning for the drop off of great articles and papers that shaped the foundational epistomology these very podcasts use to guide their content. In one way or another, many of these podcast discussions feel second layer and - dare I say it - shallow. They lead to no real breakthroughs in understanding or thought. On occasion I fear the entire space may stagnate itself in its own morass. We must not become Odysseus’ Lotus Eaters. For while we have escaped the framework of fiat control, we are not yet home. The Satoshi Nakamoto Institute is doing the real work of preserving these early advances in Bitcoin thought. But if we are to look back in 20 years, what contributions will have been made in the year 2025 and on? Will our kids be satisfied with that which is already archived?
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ScottyB 5 months ago
One problem with property taxes is that it assumes the monetary value of a property exists objectively and can be measured by formula and adjacency at any given time. When in reality the monetary value of a property is and can only ever be determined at the exact point of exchange between two parties. It takes form when measured, and can only be measured when exchanged. All other valuations are extortion.
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ScottyB 5 months ago
Is it just my observation or has the mode functional IQ of the general population become untenable for civilized society? Gork is this true?
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ScottyB 5 months ago
If you have kids and receive a child tax credit, start using that to buy Bitcoin. By the time they’re 18 they’ll have a stack to start their life with. No investment vehicle strings attached.
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ScottyB 5 months ago
In the prewar 1800’s there was an incessant desire for paper currency due to limitations in the divisibility and portability of gold and silver. What the people were looking for was an instrument of exchange to escape from the limitations of barter. Especially on the frontier. What the people got was shitcoins and fraud. Bitcoin is not digital gold.
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ScottyB 5 months ago
They’re holding taxable events over your head to prevent you from leaving their shitty slave currencies. Short and long term cap gains aren’t 100%. Pay the exit fee. Volatility is high enough that with the right tax lot tracking you’ll post enough nominal losses it doesn’t matter anyway. Get paid in bitcoin. Save in bitcoin. Spend on credit and pay off every month. This is under-evangelized
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ScottyB 5 months ago
Not enough people are taking advantage of the tools we have today to get on $0. Where’d all the “burn the boats” guys go?
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ScottyB 5 months ago
Everything I have read about money from the early republic era points to a landscape that I believe we will be entering into again soon. Many banks all issuing notes for circulation, people trading those notes at x/discount to face value due to some limiting factor, and all being promises for redemption in specie. The vast majority were never redeemed for one reason or another. Either the banks didn’t have the specie or they wouldn’t redeem because of some arbitrary rule they made up. When the Visas, Mastercards, JP Morgan’s, Chase’s, BOA, etc etc are all issuing tokenized securities and stablecoins remember there is only one specie that matters, the divisibility problem has been solved, it’s already digital, it’s Bitcoin. Satoshi solved this problem before it existed in the digital landscape. The analog has already played out.
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ScottyB 5 months ago
Last week my boss told me he started buying bitcoin 2-3 months ago, then asked if I’ve ever bought any. I said “sir you pay me in bitcoin every week and didn’t even know it” Which began a fun conversation
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ScottyB 5 months ago
How ironic would it be if Zuck is spending his billions scalping AI researchers not to try and win the race to AGI but because he knows OpenAI will waste humanity in very short time, and the only way to stop it is to buy the researchers away. Zuck the digital Batman.
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ScottyB 5 months ago
Widespread adoption of bitcoin will always be hindered by those who yearn for cheap credit. Bankers, for all of history, have provided for that demand. It is an underlying fault in humanity’s temptation of greed. Human nature will not change. But for those who resist that temptation, bitcoin offers the ability to insulate their future self from the destructive consequences of their peers.
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ScottyB 5 months ago
If you’re not being paid in Bitcoin you’re short Bitcoin
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ScottyB 8 months ago
This cult of Dionysus needs to die. image
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ScottyB 9 months ago
Has anybody shared Nostr reads or other Nostr long form content across different non Nostr platforms? How does that look? We need more good writers native on Nostr but most of their audiences are elsewhere.
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ScottyB 9 months ago
Can confirm US Steel is going to use the tariff narrative as a means to increase the cost of their goods regardless of whether or not raw materials are impacted. Expecting 7% in April and a further 13% in the following 3 months. Take this into account when the economists claim tariffs are the source of inflation.
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ScottyB 9 months ago
1835, Monroe Michigan. A lack of small change was so acute that William Wells Brown was able to create paper money from nothing, and the community utilized it. Sufficiently premined for himself of course. Divisibility problem of Specie in action. Bitcoin fixes this. Read: “Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic” Joshua R. Greenberg