Michael Snoyman's avatar
Michael Snoyman
michael@snoyman.com
npub1uwa9...cjh4
Programmer, economist, author, speaker, weight lifter, Bitcoin enthusiast. Born in 🇺🇸, living in 🇮🇱 עזרי מעם ה' עושה שמים וארץ
Insightful and fair analysis of a complicated, controversial topic.
Half-formed thought, interested in feedback. The main debate of our current times is individualism vs collectivism. We see it in _many_ aspects of modern life and politics. Two obvious ones: Bitcoin vs fiat: people holding Bitcoin believe that we have a right for the purchasing power of our money to go up, not down, over time. It's a selfish (in the good way) approach. Fiat, by contrast, is about giving power of money printing to the central collective to take care of everyone. It's altruistic (in the worst way possible). Gun control: those wanting to hold guns want the ability to protect themselves, end of story. Those wanting gun control look at the (IMO totally made up) risks of widespread gun ownership and say that, even though an individual may be able to protect himself through personal gun ownership, society as a whole will be better if we all disarm. Does this paradigm work, and does it extend to other political and other disagreements out there today?
Looks like I need stronger floor mats for my home gym. Deadlifts seem to have cracked the concrete under the mats, and now water is leaking in. image
I read half a book on Modern Monetary Theory. I couldn’t stomach more. The basic premise was “since we print money as a nation, debt isn’t a problem because we can always print more money,” with some caveats about inflation as if it was a crazy extreme corner cases of money printing we’d have to try really hard to hit. The scariest thing about the book: if you grant the premises of Keynesian economics and the veracity of fiat currency, the conclusions make perfect sense. Just shows how absolutely insane the current monetary order is.
We got any other weightlifters in here? Doing MadCow, currently on my #DeadliftThursday
High stress activity for the day: moving funds into a more secure multisig #bitcoin wallet.
In "things I never expected to see": a pension company just wrote to me that an employer had missed a payment to my account... in 2018. They asked for my bank account information to pay me back the missing amount, plus interest.
Blogosphere (pre-Web2 tech): open standards, loose integration (hyperlinks+RSS basically), high demands of authors for hosting their sites, difficult to remix content Hosted blogosphere: fixes the demands on authors, but began the centralization phase Web2: post into the beautiful walled gardens of Facebook, Twitter, etc. No self-ownership, great integration on-platform, no integration off-platform Nostr: simple least-common-denominator formats (simple text + Markdown), self-ownership via private keys without author demands for hosting their content, easy remix Seems like a similar evolution as gold=>banks=>central banks=>Bitcoin :)
Store of value: absolute best available Medium of exchange: working, but needs more adoption to be universal Unit of account: hahaha no, we're way too undervalued! #bitcoin #monetization
For the past few months, @Miriam Snoyman and I have been talking out an idea for a sci-fi universe. We decided to kick it off with a short story. We're sharing on Nostr, since a lot of the themes will probably resonate with the crowd here. Hope you enjoy! View article →
Gm. Thinking about replacing my Ledger and Trezor devices with Bitcoin-only devices. Any recommendations? I’ve heard good things about Jade, but no real leaning. #bitcoin #asknostr
I probably wouldn’t have even noticed the ATHs today if I hadn’t gotten the coin market cap alerts. I should probably delete the app.