Here is an interesting article addrrssing a recent statement from the ECB about Bitcoin and CBDCs, which provides some broader context to my initial post ๐
https://www.murrayrudd.pro/challenging-bias-in-the-ecbs-bitcoin-analysis/
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Just heard a friend lost his house in LA fires. So horrible. He is a big nature lover and now in the end it took his home. His wife, baby, himself and a cat are luckily safe. This is such a tragedy, especially when all or most of ones effort went into building and maintaining that home
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๐ฆ Happy New Year. Happy 2025 ๐ฆ
https://www.youtube.com/watch?v=mXvwyaohcog
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Rรคt by Penelope Scott
https://on.soundcloud.com/UYZUjA4xFjuCEfsZ8
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@strypey by the way - still curious of your take on what i tried to describe as the gist of my understanding of e.g. bitcoin/lightning payments
...but anyway - if you dont feel like discussing that topic, no need, no pressure ๐
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Why is my #mastodon feed so broken?
I follow folks and set some "alarms" for those ppl i wany to be notified about whenever they post something new.
Those posts now show up in my notifications creating some sort of second feed.
The ridiculous thing is, that not a single post of those ever sbows up in my main feed that is supposed to show me stuff from everyone i follow.
How is it hiding all these posts from me?!?
...madness
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Voices from 1888
https://youtu.be/BrXUcEh0ncE?si=7ChuE1BKh1J3hZYO
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Deutschland - das gerechteste Land der Welt
https://www.youtube.com/watch?v=sKe3eZ8Ht-E
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Banks create means of payments when issuing loans to their capitalist friends and noone else.
Loans so large they can pay the salaries of the rest of us and are also too big to fail anyway.
Ending capitalism means end8ng all money printers for everyone.
If MMT was ever to be used for real, it shpuld be by giving everyone a basic unconditional income and increasing it .... if thats not done, its just rich capitalists and corrupt authoritarian politicians lining their pockets.
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This technically works and has never been done by governments. Debt and inflation is routinely to high and most ppl spending evrything to just pay rent and food and never dream of affording anything big, essentially diminishing their voice of co-steering the economy away.
It also doesnt change the facts that banks, VCs and investment banks, especially since 2008 have money printers too and those are running hot all the time.
https://www.reuters.com/markets/global-debt-surges-past-320-trillion-risk-appetite-returns-iif-2024-12-03
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MMT (Modern Monetary Theory)
Essentially says:
The goal would be to achieve stable low inflation.
It doesnt solve any problems though and we have plenty.
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Capitalism === Money Printers
Here you see money printers in action
https://www.youtube.com/watch?v=dDDR5qYTS9M
It's especially clear with Musk who grows from average joe multi millionaire ~2010 toย ย the "richest person" today with hundreds of billions. And especially the change from early 2019, where he was not even in the top 10
The capitalist class has access to real money printers, which separates them from the rest of us and defines their class. We have to end those printers
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What is capitalism ultimately?
Its the money printer class. Who has access is part of the elite capitalist class.
The government and the corrupt politicians and their lobbyist and intermediary friends ar one, regular banks, VCs and investment banks another even larger part of that class.
This leads to:
https://www.reuters.com/markets/global-debt-surges-past-320-trillion-risk-appetite-returns-iif-2024-12-03
Since 2008 unhinged and they buy all the houses and everything so prices for all of us go through the roof.
End all printers ends the capitalist class.
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Interesting ๐ค
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Capitalism === Money Printers
Here you see money printers in action
https://www.youtube.com/watch?v=dDDR5qYTS9M
It's especially clear with Musk who grows from average joe multi millionaire ~2010 to the "richest person" today with hundreds of billions. And especially the change from early 2019, where he was not even in the top 10
The capitalist class has access to real money printers, which separates them from the rest of us and defines the capitalist class. We have to end those printers or this will never end
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A cooperative society will exist in the near future thanks to bitcoin .
A pretty good analysis - a bit emotional, but the reasoning checks out ๐
Anarchists will empowered - Communities will be empowered - the people will be empowered - Authoritarians will lose their power.
I hope this will happen before the Authoritarians drag us all into destructive wars to save their own ass.
I would love to see the cooperation in society that will finally happen ๐
https://podcasts.apple.com/us/podcast/read-855-the-great-capitulation/id1359544516
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In a nutshell: how keypair based peer to peer and relay architecture is different from centralized or federated instance operator architecture. (CEO=instance admin)
small instances have small ceo's, bif instances like mastodon social have powerful ones
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https://www.youtube.com/watch?v=qfgB36p4Zho
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Lovely Hacking friends ๐
https://www.youtube.com/live/hPt1gUE1zAc
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Is that an accurate description when comparing nostr to bluesky or mastodon or even more centralized social networks?
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