GrimdarkStoic

musings | learning

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npub1jmchwwzpzdxv0gkclf4h0czmygr2pfn4dz9smdegnwklkun39z7sty25px

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strongfrog10@primal.net

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nprofile1qqsfduth8pq3xnx85tv056mhupdjyp4q5e6k3zcdku5fht0mwfcj30gpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgkufmzq

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npub1jmchwwzpzdxv0gkclf4h0czmygr2pfn4dz9smdegnwklkun39z7sty25px

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Last Notes

2025-05-06 01:32:02

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"A burden shared may either be halved or doubled, depending on the heart that receives it." (just wanted to quote Elrond lol)

2025-05-06 01:32:02

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"A burden shared may either be halved or doubled, depending on the heart that receives it." (just wanted to quote Elrond lol)

2025-05-04 03:26:47

All undergraduate and graduate economics programs should have a fiat versus BTC case study (just to simulate the possibilities of each system and to encourage understanding of the incentives / drivers at play).
Anecdotally, the small number of people that I know that have done a modest ~100 hours of research on BTC all seem to have come away with a similar conclusion: maybe BTC is the "fix" but now I'm certain the current fiat system is broken at best and completely manipulated (maybe even maliciously) at worst

2025-05-04 03:16:00

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Hopeful that @nprofile…zj6n reads this. Think analogous to stock splits w/ fixed equity value. Am convinced Block is the best platform to lay the underlying foundation for BTC to be used in lieu of fiat across all geographies. Agree with OP that there has to be smaller and smaller units of BTC available to use.
If one day true global adoption occurs, I wonder if the theory that humanity's productivity gains -> deflation (with fixed transactional "value" base) -> incremental utility spread more evenly across humanity
Side Bar: I'm sure there's a "catch" somewhere (e.g., sovereigns cannot as quickly gather capital (by making it up) to address an immediate problem). But we have a relatively long period of time to work these bugs out.

2025-04-10 02:21:45

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interesting take. Think Bessent said it best that: he's confident current course of action will be positive but it's really an unknown outcome given the confluence of variables. But we do know that the prior system was simply not working / needed and should be modified.
Libertarianism in its purist form does not work when the risk of kinetic war is on the table. Particularly for nations that could be a participant and those that heavily rely on non-allies for supply chains for essential goods / services. I do wish though that civilization was in a place where it did work though.

2025-04-09 01:13:41

All forms of currency are a confidence game.

2025-04-04 01:56:42

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Agree. But wonder if it's a function of necessity or the everyday citizen putting in the ~100hrs of study needed. Hoping for the latter but expect the former... *digital sigh

2025-04-04 01:41:35

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Unfortunately for this community / many others, being early is initially indistinguishable from being wrong
But that's precisely when the upside is largest...

2025-03-14 01:58:06

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^^^ this is the way. all readers (including myself) are shuddering from the cognitive dissonance

2025-03-13 12:13:23

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i appreciate the thoughtful response. A lot of food for thought.
Bit of sidebar: I have a few friends working high stress, lucrative but ultimately unfulfilling jobs and they've mentioned that their ultimate goal is to save as much as possible until middle-age then switch to a second career which aligns more w/ their sense of fun (eg trader -> make nature documentaries) + live minimally w/ max autonomy. Think the underlying actual goal aligns with how your tackling life. But not having that psychological safety net of ABC $ / [BTC] prevents them from executing now. If I zoom out, I actually think there's a large cohort of folks I know that aim to do something similar / get off the hedonic treadmill. Anyways, long way to say, good on you to actually walk the walk

2025-03-13 03:11:02

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adult version of being grounded lol

2025-03-13 02:39:27

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@nprofile…d5mz Serious question, how much does one have to save up to try to live a life like yours (with some modest safety net in case I find out I'm incapable of living that way)? Do you still have to be a "productive" member of society or able to literally live off the land? Or better phrased, how much capital and time do you need to save and learn to execute this?
But 100% agree, its death by a thousand cuts and a machete blow (federal + state + city taxes) if you live in select urban areas.

2025-03-13 02:32:42

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Calvin & Hobbes (*no one talks about anymore)

2025-03-13 02:28:53

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i appreciate your clarity of logic and the thought re burning the coin was particularly interesting. Only other time I heard of destruction as a solution was re oversupply of apartments in China (sort of "crazy" but seems effective as it gets to the root cause)
We're dreaming or hoping (best case) the gov does the right thing. i'd settle for some happy medium whereby some coins are burned, some are maintained by gov as hedge (i mean even if gov does bad things at times we, at the very least, need a minarchy night-watch type system) and puts majority in a trust which goes to organization that enhances most productivity (through AI, manufacturing improvements, etc which should help all humans) that's voted upon and measured either by btc holders or open source AI. Although even that could probably be gamed....
this was a fun thought exercise

2025-03-13 01:59:56

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Yes, created by inefficient vehicles of storage for economic value (i.e fiat in bank account and not put to work) (also, risk not applicable to those with access to best vehicles like PE / VC couple decades ago) (i.e unfair playing field)
I do very much sincerely hope that in
the next decade that AI supercharges productivity (even the playing field so that meritocracy is the only game left). Resulting in...
Governments treat citizens as "customers," no need to "trap" folks for tax harvest (eg tax to give up citizenship), provides equal opportunity (not stipend) to all "customers"
Or I guess stack Sats, learn how to be relatively self sufficient (literally like build fire / shelter / etc) and wait it out in a place like Argentina (maybe in near future)
Kind of ranting. I'm not educated enough to offer a solution but I know a problem when I live it.

2025-03-11 12:31:22

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agreed, need more infrastructure and awareness to allow for simpler user-friendly remittance. without that, it's just a store of value predicated on enough people opting in that "this is digital gold." Real use case of remittance could save countries, lives, [insert positive thing insulated from centralized forces with misaligned incentives]

2025-03-06 00:36:39

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KIND MESSAGES IN CAPS is gently frightening. like a baby alligator

2025-03-05 13:04:48

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to withstand the vol...the ego must dissolve... (or you just don't check the price every hour lol)

2025-03-02 21:25:25

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The strategic reserve (and other sovereigns entering) increases BTC adoption but ultimately goes against the ethos and end-use cases of BTC? Curious what % of BTC supply being held by sovereigns is the sweet spot today (and how that changes over time). @nprofile…mhjz maybe you can enlighten as well when you are avail.

2025-03-02 21:09:04

For the average person, when does your duty of care extend from yourself / immediate loved ones -> broader humanity. Is there a moral obligation for those that conventionally succeed? Is there a breakage in logic that stifles innovation or efficiency gains?

2025-03-02 20:50:58

As a relative latecomer to BTC, and with the BTC "sale" (temporarily?) ending, I try to remind myself the larger utilitarian objectives versus short-term profiteering motives underlying many human decisions. Surely easier said than done.

2025-03-02 20:44:07

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have added to reading queue, but anecdotally: your (or their) perspective is your (or their) reality. And it's always shifting (or manipulated by external forces). Hard but powerful to choose how you react / perceive

2025-03-02 20:35:07

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i don't disagree🛸

2025-03-02 20:25:10

Advice on best ways to absorb underlying principles of BTC and how they relate to Laissez-Faire Capitalism & Minarchism?