Toxic Bitcoiner's avatar
Toxic Bitcoiner
toxicbitcoiner@Nostrplebs.com
npub1u87g...93f7
Bitcoin zealot 🐝 Who’s going to buy the bonds? #Payjoin #GIABO
Spitballing here, a lot is probably wrong and retarded. Skeptical an AI will be able to handle this so maybe humans can help. Non-rivalrous goods can’t be owned. Bitcoin is rivalrous, which means it can be owned. (Possible logic error there.) In fact, it HAS to be owned by someone because it is rivalrous. (Although maybe you could have rivalrous goods that are not currently owned by anybody, like say asteroids, stars, etc?) Rivalry is inherent and independent from any legal, or whatever you want to call it, system. It’s true that information can’t be owned, with the singular exception of Bitcoin because it is rivalrous and the only form of information where the map is also the territory.
Love Dave’s take on equity valuations. Everything else…eh. Him and Cedric seem to be having a really tough time with the Cartesian Crisis.
I wonder if Booth would tell the people of Gaza that they have full agency and there’s nobody to blame but themselves for their situation. Getting tired of the schtick.
There are definitely some dead bodies from the silver move that haven’t floated to the surface yet. I can’t wait to see which bankers got fucked in the ass because of their shorts. #GIABO
TLDR: “Buyers” upload Amazon wishlists with items they want to buy. They select what discount below the spot value of their order, typically 0-15%, and pay in Bitcoin. Their order is uploaded to an “order book” that “sellers” can see. “Sellers” fulfill their Amazon order with fiat or Amazon gift cards and get the Bitcoin. IIRC Purse had to hold the Bitcoin in escrow, which is where they probably ran into custodian/MSB regulatory risks. They also had no KYC, except email. Is there any better way to make this, perhaps using Nostr? #asknostr View quoted note →
It is well enough that the people of this nation do not transform all their anger and resentment into self-custodied Bitcoin, for if it were, I believe there would be a revolution before tomorrow morning.
The system has devolved into: intentionally create problems with a lag time while you’re in power, such that when you inevitably lose power (because of problems intentionally created by your opposition predecessor), your opposition successor can be blamed for power abuses that occur when they try to fix those problems. The system needs to be scrapped entirely and the only way to do that is to bankrupt it by moving all your cash balances and investments into self custody Bitcoin. If you still have meaningful value stored in fiat, bonds, equities, or real estate, then you need to shut your mouth until you liquidate that for self custody Bitcoin…because until you do, you are feeding the State and part of the problem.