Veritatis Cupitors @VCupitors

@elonmusk @xai Elon Seldon taking down the empire of lies to shorten the darkness.

@krys_szota @mattkratter Is it any wonder that a group crowned with the title “Core” would conflate their own interests with those of the network at large? Most politicians suffer the same delusion. What is the core of a decentralized network?

@callebtc Wtf happened in 1971?

All are humans, capable of the same villainy, and responsive to the same incentives. It was the advance of industrial technology worldwide that made chattel slavery unprofitable; not the advance of morality. It was the relatively unhampered economy of the US and Britain which made that technological advance possible, not superior morality. Freedom is not a morality problem it is a technology problem.

@atroyn Medicaid

Correct. Freedom is a technology problem, but we’re winning. State power is derived primarily from controlling what you think by controlling what you know. The recent explosion of communications technology has dislodged the state’s grip on information control. Money is ultimately a human communications network. Bitcoin is the tool that will finally wrest control of this most powerful communication tool from the state. It won’t change the outcome whether they acquiesce or fight.

It is valued because it is useful. It is useful because it is hard to change the supply. Money is simply a human communications network used to transmit value through time and space. The choice of token used in this network is not random. In fact it is not chosen at all, but invariably emerges as the commodity which transmits value through time and space with the highest fidelity. That is, the one that leaks value the least. This is nearly always be the one with a supply which is hardest to change. Hardness is the primary feature which has determined the rise and eventual replacement of commodities used as money for thousands of years. Bitcoin achieves the theoretical maximum hardness. The invention of Bitcoin was a 0 to 1 moment for humanity. The hardest substance in the universe was created, and could be transmitted over an electronic communications channel. That’s why it’s worthwhile.

An easy solution already exists. My family has been using a health share for most of a decade. Cost is less than 25% of cheapest available insurance plan. $1500 deductible per event. Cash discounts everywhere. Claims are super simple. Upload receipt, wait a few days for deposit in checking account. Combine with HSA for tax optimization.

@BTCBreadMan Honest question: what percentage of your stack would you part with, when the price is high enough to pay off your house with a fraction of your funds? 10%, 20%, more?

@gaughen is right, but we’d have nicer computers and trailer wiring. In becoming money, only HARDNESS matters. Hardness is the difficulty of changing the total supply. Gold is money because it’s been the hardest commodity for thousands of years. Dilute the supply with a giant asteroid and gold rapidly loses value as money. Holders of gold don’t like becoming poor, so they abandon it as a store of value in favor of something HARDER (that is, something that is not leaking value through dilution of the supply). If the asteroid was mined, then all electrical contacts would be made of gold because its monetary premium would evaporate. The price of gold would be based on its utility as a conductor of electricity rather than its utility as a value storage device. Those who wish to store value would no longer be in competition for gold with those who wish to sell circuit boards.

@BitcoinRachy @dannygong Confirmed. This works. Just don’t screw up any of the paperwork, or forget to file your 5500. If you do, the IRS will hammer your 401(k) into oblivion with penalties.

If your company 401(k) allows “in-service rollovers“ then you can save in the 401(k), take the match, then roll over as often as possible to an IRA. There are several companies offering bitcoin IRAs with collaborative custody arrangements in which you can hold bitcoin, and hold your own keys.

@ronrule Humans are frighteningly malleable. You can see it in their comments. They can be taught to beg for those who extort them to form the minds of their children, while they beg for the extortion itself, and denigrate those who would choose to free themselves of it as antisocial.

to comprehend the value of bitcoin is to comprehend the fallacies of Keynesianism, nearby undermining their efficacy in pacifying the victims of the large scale theft which is inflation. It is largely the beneficiaries of this theft who employ economists. “It is difficult to get a man to understand something when his salary depends upon his not understanding it.” — Upton Sinclair

@BarbellFi 4 Bitcoin. The rest in MSTY to produce dividends to cover loan payments.

The problem is not with the existence of an elite as such, but with their permanence. Currently, many of the elite have attained their position and can maintain it indefinitely by their proximity to the money printer, that is to stay on the right side of currency debasement. If Bitcoin becomes the dominant currency, then dollar debasement becomes meaningless or impossible. Without that debasement, the ranks of the elite will be slowly culled by the power of the market which punishes rather than rewards those who do not provide value to others. Those who remain as elites will be more likely deserving of our respect. This doesn’t solve the immediate problem of the present elites maintaining their positions of power, just shows that it will eventually solve itself.

Unlike cars, streaming services, social media, and all other goods, human networks tend converge on a singular money. When previously isolated human networks come into contact, they tend to converge on a singular money. When the globe becomes and interconnected trading network it tends to converge on a singular money. It is always the hardest money upon which they eventually converge. That is, hardest to change the total supply. The invention of Bitcoin was the 0 to 1 moment when the theoretical limit was reached. It will never be possible to create a money harder than Bitcoin. Thousands of years of human history show us that in monetary networks there is only one winner, and it’s always the hardest. That’s why Bitcoin wins.

@ArtemisConsort -Tobias Smith

@ArtemisConsort Yep, most people believe what they think they’re supposed to. This is what makes political power possible. You can control a man with brute violence, but you can never truly own a man until he believes your word is law, and obedience is virtue.

TLDR: agree, but there are pernicious incentives to invest in real estate, Bitcoin fixes this, and it will correct a profound injustice when it does. The problem of real estate investment is worse than it appears on the surface. Because the prevailing money cannot transmit value through time with high fidelity, other goods are chosen for the purpose (saving). When homes are used as savings, the disastrous result is that they acquire new utility as a form of money, and therefore command a monetary premium. Ultimately, those who demand a method of savings and those who demand shelter become competitors. Home prices predictably rise beyond their value as shelter. The rising prices benefit the existing property owners at the expense of new buyers and all renters. So, debasement of the dollar produces a persistent wealth transfer from those with fewer assets to those with more. This process also increases the barriers to ownership of assets, and more importantly, increases the cost of acquiring shelter. Government efforts to prop up real estate markets through tax incentives, interest rate manipulation, and mortgage purchases all potentiate these effects of dollar debasement on housing markets. The young and the poor are most severely injured as they are the most sensitive to price and least likely to own appreciating assets. Now imagine a world where the money supply is fixed. The pernicious wealth transfer evaporates. Imagine what happens when second homeowners and massive real estate investment firms figure out they can transmit value into the future more effectively with Bitcoin at near zero hassle and overhead. Bitcoin demonetizing the housing market will make many investors very sad, but will correct a profound injustice when it does.