“The title of this book may evoke the kind of question that i hear once in a while: “Why do you use the word ‘selfishness’ to denote virtuous qualities of character, when that word antagonizes

“Central Banking is successful alchemy in this sense. The money- issuing institutions of the world have found a way to create new money with no cost. No mining is required. They are the alchemists of

“I believe that in the open /attention/ information economy we find ourselves in, value will mostly derive from effective curation, dissemination, and transmission of information, not the exclusive ownership of it.” — Dergigi

Today we

“Can you imagine a world in which you are restricted from buying meat for a while because you have already used your “carbon credits” for the month? Your “financial privileges” could potentially be restricted at

“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

““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

“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

“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,

“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

“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

“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

“The financial system in the United States, and for most of the rest of the world for that matter, can basically be thought of as an Excel spreadsheet managed by the Federal Reserve. That’s all

“One aspect that is still massively under-utilized is the programmability of Bitcoin. While simple things like scheduled payments and automated payment splits do exist, we are undoubtedly still trapped in conventional thinking when it comes

“One immediate lesson many drew from this event was a reconsideration of the risk of fiat liabilities in an environment where trust is lacking (including the trust not to violate territorial integrity and Westphalian sovereignty).

“The 20th century was the first where technology enabled forms of violent state competition, as well as peaceful globalization, across the full scale of the Earth. Moreover, the same technology made possible the organization of

“Lightning is the way to make bitcoin the universal mainstream currency it was designed to be. This is how we’re going to bring open financial services to everyone. And we’re scaling Lightning by inviting people

“Over the long run, I view the outcome, one way or the other, more as a matter of technology than politics. From the top-down side, there is the development of Big Data and automated data

“For proponents of privacy and open networks to win becomes a matter of making the technology easy to use, too costly to stamp out, and well-understood by the public.” – Lyn Alden

Today Lyn Alden