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One of my favorites!
Replying to @Fat_Electrician
“Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber barons cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience”
-c.s. Lewis
Small blocker criticizes layer 2s.
Is this actually true? When it comes to trying to exit L-BTC, users can swap:
1) Blockstream wallet: 0 sats
2) Aqua Wallet: 250,000 sats
3) BullBitcoin Wallet: 25 million sats
Looks like Blockstream users are SOL? Am I missing something? Maybe BullBitcoin is footing the bill for users? Maybe Andy and Scamson don't have enough sats to do so?
Inb4 this gets deleted bc it’s BSV 😭
JUST IN: SOMEONE JUST SENT #BITCOIN FROM A HANDHELD RADIO WITH NO INTERNET AND NO PHONE SIGNAL
FREEDOM TECH IS SPREADING
LOVE TO SEE IT 🔥
This is not what Gresham's Law says. It says that good money is driven out by bad money when both a forced to trade at an exchange rated which is fixed by the government.
Replying to @GeorgeSelgin
This is a common argument - that nobody spends Bitcoin, so it’s not money. However, if Gresham’s law was operating, we’d expect Bitcoin to be hoarded, at least until it’s fairly valued by the market. So paradoxically, it’s because BTC is such good money that nobody uses it.
Cutting the pizza into more slices won't create more food but neither will having an elastic money supply as advocated by Selgin.
xcsler_returns retweeted
Shocking unreleased footage of CCP violent crackdown on the peaceful student protesters in Tiananmen Square on 6/4, 1989, has finally been revealed. It was sealed by British ITN. Estimated 10k students were killed. @DSA should learn from this massacre!
xcsler_returns retweeted
John took this picture of me in 2015 when Obama wanted ban AR-15s. I went viral on Facebook back then. As long as we have our 2A, Tiananmen style massacre will not happen in America.
Remember how @RealKeithWeiner couldn't shut up about how Bitcoin could never be money because it is too volatile while gold could because new mining stabilizes its price? Pepperidge Farm remembers.
xcsler_returns retweeted
Surprised at the reaction to this post. Here is the thought that generated it:
1. I logged onto Coinbase recently to buy more BTC, & was struck that unlike when i first bought BTC on Coinbase in 2013, Coinbase now offers all sorts of BTC derivatives, offering varying degrees of leverage, all cash-settled (not BTC-settled).
2. BTC peak-to-peak CAGR returns have collapsed in the 2 cycles since cash-settled** BTC derivatives began trading
(**"cash-settled" is key, because it means the owner of the biggest printing press increasingly sets marginal prices over time, NOT physical supply & demand. In most cases, the owner of the biggest printing press is the very fiat system BTC was designed to escape from) 👇
As a BTC holder since 2013 (and still), this collapse in peak-to-peak CAGR of BTC troubles me greatly. I would be happy to have anyone explain why peak-to-peak returns have collapsed in the past 8 years & why they think this trend will stop despite the seeming continued expansion of cash-settled BTC derivatives and cash-settled betting markets on BTC. Thank you. 🙏❤️
Replying to @dotkrueger
IMO more Bitcoiners should spend more time on understanding that if "digital credit" is developed it will ensure BTC never goes to $1m
That may even be the point of "digital credit."
But Bitcoiners would be well-served to study "credit gold" that began in London in mid-80s
xcsler_returns retweeted
What is it about libertarianism that makes people so inclined to see it as childish?
I think I might be on to an answer:
libertarianinstitute.org/art…
Replying to @JacobALinker
Libertarianism is the political philosophy of immature people. Everyone’s a libertarian in college when they don’t want to admit their real political impulses.
When you grow up, you either grow into the Democrat you always were or the Republican you always were. But libertarianism is for children.
Satoshi understood this, small block BTC maxis not so much.
Very good piece on #money by Joshua Mawhorter at @mises: "Mainstream Economics: Money as Medium of Exchange, Unit of Account, and Store of Value" mises.org/mises-wire/mainstr…
xcsler_returns retweeted
What stands between you and a better money? @DrMarkThornton on Hayek: legal tender laws first, then the taxes—including capital gains owed on any gain from holding gold, silver, or a foreign currency that held its value.
Choice in Currency A Way to Stop Inflation
Dr. Mark Thornton presents Hayek’s “Choice in Currency,” which diagnoses inflation as an ancient superstition revived by Keynes and proposes a radical remedy.
xcsler_returns retweeted
Hi everyone.
I am sorry it has been so long since I last checked in with you. As most of you probably know, I was transferred to a new prison to participate in a program that would take a year off my sentence when completed. That journey should have been a simple 4 hour drive, but since I was denied a self transfer furlough the trip took 30 days, two cross country flights, three states, and cost the tax payer well over $10,000 before I finally arrived a couple hundred miles from where I started.
It took me over a month to decompress after the nightmare that is the BOP transit system (you can read all about it in the next installment of Notes From The Inside) and just as I began to settle in here at FCI McKean we received some terrible news. Yesterday we were told by the Warden that the program I travelled all that way for had been "deactivated" and very soon I - along with 70 others in the program - would have to go through the transit system all over again to be sent somewhere where the program was still active. When I first arrived here other inmates warned me that things were rotten here at McKean. What is supposed to be a 9 month program averages 12-16 months here. One of the DTS officers who runs the program was suspended pending investigation and assigned to the mailroom, and many guys had missed their release dates and were forced to spend longer in prison. Why in the world did the BOP spend all that money transiting me and others to a program that was clearly dying on the vine?!
So now the BOP is going to waste around $700,000 shipping all of us around the country. The ridiculous thing is they do not need to shut the program down at all. They have all the pieces in place to push the current participants through. The frontline staff (case managers, counsellors, DTS, etc) are largely empathetic and competent. The failure is one of institutional mismanagement and leadership. A lack of engagement with staff by Regional and institutional leadership has hamstrung staff and inmate alike. Recognizing those institutional failures would require government workers take accountability or be held accountable. Never going to happen! Instead, the taxpayer will be on the hook financially, we'll be shipped out like cattle, and the yokels who couldn't organize a piss-up in a brewery will keep their jobs and find something else to screw up.
@leamuirleyn has written to BOP leadership asking them to reconsider shutting the program down and instead send over a temporary leader who can shepherd the current participants through the program. This would save the Bureau and the taxpayer significantly. It is a longshot but one has to try.
So that is the latest update. I have no idea when or where I am going to be shipped. Thank you everyone for your letters, books, prayers, and continued support. It means a lot. Until we speak again...
Keonne
@realDonaldTrump @OfficialFBOP @BOPDirector @BOPDepDirector @JusticeOIG @MarshallProj @PrisonPolicy
xcsler_returns retweeted
If you want to get into the classics without hitting a reading slump, put down:
1. Moby-Dick by Herman Melville
2. Ulysses by James Joyce
3. War and Peace by Leo Tolstoy
4. Don Quixote by Miguel de Cervantes
Pick up these fast-paced masterpieces instead:
xcsler_returns retweeted
Replying to @OutFrontCNN
we should start giving the ukrainians help in targeting their attacks on russian forces
see how they like a taste of their own medicine





























