“This was how more mainstream Bitcoin culture degraded from intellectual expressions of ideas (2017-era debates) to tribal recreations of the past. The old enemies were replaced with new enemies who were more convenient for the times, but we retained the “Bitcoiners against the world” ethos of the scaling era, which led to many newbies being…

““In the old days they didn’t even use tables and chairs. They sat on beer crates and ate off the tops of beer barrels. You’d be surprised how much fun that was. Somehow it made old men feel young again. And they’d drink beer out of cans or growlers. Those beefsteaks were run in halls…

“Of all the objections to Bitcoin, the objection that it “wastes” electricity is the most absurd. This thinking betrays a fundamental misunderstanding of how electricity works, how markets work, and what waste is.” – Beautyon Today we take a break from all the discussion of doom and impending economic obliteration to hit a favorite topic…

“Generally, what we’re talking about here is unregulated (or lightly regulated), uninsured investors, LLCs, Funds and privately controlled “Shadow Banking” assets. In 2021, these OFI Assets scattered around the planet amounted to $152.0 Trillion (Again, not including China’s non reported OFI) or roughly 172 x JP Morgan’s relatively miniscule $884 Billion of Cash and Equivalents immediately…

Prices are relative, Bitcoin is infinitely scalable, stability for the sake of stability is undesirable, maximal instability in prices maximizes resilience in the markets, and so much more. Today we dive into a bit of a wandering Guy’s Take to follow El Gato’s piece on the idea of a free banking system and what it…

“and the uniparty is in strong agreement here. both know that losing control of the money and the banks is an existential threat to their aristocratic and unaccountable powers. sure, this all sounds like a lot of change and a lot of risk and a wildly new set of systems, but you’re not going to…

“Thus was the dubious “clear and present danger” standard born. Holmes himself sought to redefine the standard later that same year when he dissented in Abrams v. United States (1919). The Justice felt that the court was not applying his own standard appropriately and openly questioned the government’s ability to limit free speech. But by…

Bitcoin is ultimately just a piece of software, the network – the global, censorship resistant, immutable system – is ultimately just a collection of millions of people individually confirming and agreeing on what Bitcoin is. And to be truly sovereign as a bitcoiner, to confirm the truth of Bitcoin for yourself, & to participate in…

“The question that the fiat system answers is the following: who is allowed to counterfeit currency, and how much? Further, who is allowed to have access to money, and who isn’t? The answer is political and enforced by violence. The Bitcoin system is answering the same questions, and the answers are as simple as they…