Zbigniew Galar

Data Scientist Ph.D. in Risk Management

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Last Notes

2024-06-02 12:15:39

Pride is a social phenomenon because it can only be measured objectively by others. You can be satisfied with yourself if others are proud of you. If you are proud of yourself, you will fall.

2024-05-01 22:33:01

Money tracking allows to create a new form of activity - money laundering, which is the obfuscation of money history.
The biggest money laundering institution is the state. They accept any form of money, even very dirty. After it is collected as taxes, it becomes perfectly clean

2024-05-01 22:32:37

Since the invention of #BTC , the transfer of money is actually the transfer of information, so anyone can be prosecuted for money laundering just because they've transferred information.
Any information concerning a person's worth as a human can be considered a money transfer.

2024-05-01 22:05:54

One of the most important court cases in history. Sending information is now sending money, because money is information, and we have to recognize that sending money is protected by freedom of speech.
https://youtu.be/2FlM1WYAWcw?si=YHV26lY7An-5jOuB

2024-05-01 12:17:41

Cancer cells are cells that have separated from the Borg collective, which is an organism. Treating cancer is like teaching individual cells the idea of sacrifice. The trade of giving up something of value for something of value on a higher plane of existence.

2024-04-14 12:34:48

With Bitcoin, people with enormous power can be the world's masters of consensus, the rules by which we determine the world's social hierarchy.
zbigniewgalar.substack.com/p/bitcoin-and-power
#bitcoin #power #control #laws

2024-04-02 08:48:54

Money is information about who deserves how much. Whenever a transaction is blocked, someone's money is confiscated by the government, the truth about the world is erased. Fiat, with central control of money issuance, deciding who gets to keep how much, is an empire of lies.

2024-03-29 14:36:55

The highest form of voluntary sacrifice that builds the human community is to find a place where your sacrifice benefits you and the community. People must negotiate with the community until they find a place where their genuine efforts make a difference and are appreciated.

2024-03-29 14:36:11

Men are sacrificial creatures. You can refuse to sacrifice and die. You can sacrifice for your future self and be strong and alone, or you can sacrifice for the community. The definition of community can be interpreted as voluntary sacrifice.

2024-03-23 23:22:36

Bitcoin mining produces not only Bitcoin itself, but also heat capable of providing hot water to single-family homes.
#bitcoin #mining
zbigniewgalar.substack.com/p/bitcoin-mining

2024-03-21 10:20:02

But in 2024 there will be a point of (s-curve) where the herd will hear the call of the outsiders and bitcoin will be adopted as a technology. Therefore, the network-based power law model will fail and the hiperbolic scarcity effect (last scraps of meat model) will kick in. 2/2

2024-03-21 10:19:27

Bitcoin spreads at the speed of understanding - this is the basic premise of a power law - it is a network that convinces others. The speed of the spread of knowledge gives you the hard bottom of the price - bitcoin held by fanatics (you only correctly predict the bottoms). 1/2

2024-03-20 08:40:15

"We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light." - Plato
#Bitcoin is a light of universal truth about our social position that will expose our inequalities. We will be able to see each other for who we are.

2024-03-20 08:19:00

Postmodernists are anti-tolerant. To be tolerant, you have to have a core convictions, you have to believe in universal truth. Woke acolytes force you to be indifferent, to accept everything. They are morally defenseless in the face of evil. #Philosophy

2024-03-16 18:13:18

You shall not sell your piece of infinity
#Bitcoin #BlackRock #HODL https://image.nostr.build/b9d2be73aaca2132369efa5644865544c75aec2b7724b5810e0a891bb0248e80.jpg

2024-03-16 11:42:18

"Curb your desire - don‘t set your heart on so many things and you will get what you need." - Epictetus
Diversification is good for the stock market. To keep your life energy safe, you only need #Bitcoin.

2024-03-03 10:51:30

"The more corrupt the state, the more numerous the laws." - Tacitus

2024-03-02 21:41:50

"Trust is the foundation of society. Where there is no truth there can be no trust and where there is no trust there can be no society." - Frederick Douglass
Bitcoin is a trust-building technology, therefore it is a society-building technology.

2024-03-02 08:31:47

The social purpose of Bitcoin is to end the path to state totalitarianism disguised as a welfare state and return power to the strong and productive people.

2024-03-01 20:05:35

Bitcoin is the first form of money that is fully compatible with religious precepts. It conforms to Christian religion and morality and is halal and kosher.
#bitcoin  #religion #riba #halal #usury #kosher
zbigniewgalar.substack.com/p/bitcoin-and-religions

2024-03-01 09:39:20

The needs of society outweigh the needs of government. Any unneeded regulation is a Denial of Service (DoS) attack on society by the state.

2024-02-24 17:17:07

The one question an advanced alien civilization would have to ask to judge us is how much computing power humanity controls. Computing power combines ingenuity, which leads to efficiency in the computing process, with energy generation and consumption, and computing hardware.

2024-02-24 13:09:52

Bitcoin is ideal money according to Aristotle, or at least that's what Aristotle's description of ideal money implies.
Gold is an imperfect form of #Bitcoin. https://zbigniewgalar.substack.com/p/aristotles-bitcoin

2024-02-23 07:20:04

- reply

My bad. Thank you for pointing that out. A mistake from my side it should be the opposite.

2024-02-22 20:04:19

Unus testis, nullus testis (lit. 'One witness, no witness') is a Latin legal phrase describing a rule of the law of evidence.
A civilization with this rule is not worth fighting for.
#law

2024-02-22 19:37:33

Heaven has strict immigration laws.
Hell has open borders.
Choose wisely.
#Migration #Crisis

2024-02-22 19:31:41

Postmodernism has long lied that there is no truth or that there are many. Thanks to AI and LLM we return to reality. Now we have an objective proof, an external reference point, that truth exists. Untrue input to AI makes outputs less useful. Now it is simple.

2024-02-21 22:22:01

Starship Troopers is a story about a stable political system in which the ruling class is disciplined, altruistic, and strong. This system is stable not because the strong can't be overthrown by the weak, but because anyone can become strong and join the ruling class. #Bitcoin

2024-02-19 21:17:39

The Laffer curve describes the most parasitic relationship between the lazy and the productive, because it is defined as the tax rate at which maximum revenue is generated.
#economics #bitcoin #taxes

2024-02-17 16:44:38

By securing the network through work, you earn money. This introduces incentives into the system of social relations in three key areas that objectively develop civilization.
#Bitcoin #physics
https://zbigniewgalar.substack.com/p/bitcoin-introduces-laws-of-physics

2024-02-17 16:04:23

"First say to yourself what you would be; and then do what you have to do." - Epictetus

2024-02-16 12:54:26

Remember those pictures of people holding newspapers to confirm that the picture was taken after a certain date? With Blockclock you can be more precise and now know exactly when the picture was taken. This is a universal timestamp for the whole world.

2024-02-16 11:54:58

Bitcoin creation doesn't use any energy:
Satoshi created all 21 million #Bitcoin in 2009 and they will be released until 2140. There is a lot of competition to be a releasing entity and it is costly to win this competition (in terms of energy consumption and equipment used).

2024-02-16 08:49:29

It is hard to do nothing when you can do something. The more you can do, the harder it is to do nothing. That's why rich people sometimes spend their wealth on charity, because they're weak and can't do "nothing" anymore.

2024-02-10 11:34:33

Bitcoin history
Bitcoin has fulfilled the dreams of many, and was the dream of many before its inception. #Bitcoin
https://zbigniewgalar.substack.com/p/bitcoin-history

2024-02-07 15:23:59

#[1]

2024-02-07 14:59:37

Sex is binary; it is not a plethora of options or a spectrum, as proponents of gender theory like to say.
Sex is defined by huge differences in gamete size.
(English version below)
http://tosterpandory.eu/stilgar-sa-tylko-dwie-plcie/

2024-02-05 14:34:53

The European Commission has an agenda other than CO2 reduction. We know this for sure based on how they treat the most green technology in existence: #Bitcoin mining, which will become carbon-negative this decade. They want to eradicate it to maintain control over the money.

2024-02-04 12:11:43

Bitcoin ethics
Is it ethical to participate in the Bitcoin network?
Is Bitcoin moral?
#Bitcoin #ethics
https://zbigniewgalar.substack.com/p/bitcoin-ethics

2024-02-01 12:25:01

"Proof of Stake" in an outdated consensus mechanism. It is a shareholder vote, like in any corporation. Whoever has a larger share of the pot has more votes. Proof of Work is a new and original consensus mechanism based on the laws of physics and not on people's power struggles.

2024-02-01 12:01:45

The bitcoin mining industry is more climate-friendly than solar panels.
Solar panels produced more CO2 than they mitigated for more than 25 years of development. With methane capture and grid stabilization, #Bitcoin mining will become carbon neutral and then negative sooner.

2024-01-27 10:35:30

If you give your money away for free, at least give it to people you know. A charity's good reputation is not enough. The best charity for strangers is to save money that can't be devalued because then you increase the value of the small amounts the poor have. #Bitcoin

2024-01-27 10:35:08

You can and should use your money for a good cause. When you give it away for free you waive any responsibility for any possible impact on reality. The impact is measured by the changes in the direction you choose not the rulers of the charity industrial complex.

2024-01-27 10:20:08

The Hollywood idea that "with great power comes great responsibility" is a PsyOp designed to take your money. This artificially imposed guilt for being more successful and privileged makes you more vulnerable to absolution when you give your money away without strings attached.

2024-01-25 21:07:20

Freedom of speech is the freedom to think, because we formulate our thoughts better when we communicate them. The right to freedom of speech is not about an individual, it is about the good of the whole community. It is the right to hear what each individual thinks. #Philosophy

2024-01-25 20:33:41

Leaders are not accustomed to opposition, so they are afraid of free speech. They would be crushed if they had to compete on a level playing field with their opponents. The average political leader these days is a weak and emotionally fragile person who thinks he is better. #Rule

2024-01-25 20:32:00

We don't live in a meritocracy, so we might automatically assume that the current leaders don't deserve to be in power. In fact, they are as smart as the average person, just meaner and greedier on average. They rose to the top because they knew the right people. #Politics

2024-01-25 15:01:53

Any plan to fix the existing #Fiat system will fail if it is implemented voluntarily by a democratic system, not by a dictatorship.
The solution that will most effectively save the pain and misery of the participants is when a new system can be built in parallel: #Bitcoin

2024-01-25 14:57:40

After the destruction of unsound money, the cycle repeats itself because it is longer than a generation. The people who decide to start this vicious cycle will never be held responsible for its consequences. The solution is to jump ship during the catastrophe into #Bitcoin.

2024-01-25 14:48:56

No one will care that you didn't know how important it was to buy some #Bitcoin. If you're late to the funeral of the fractional reserve #Banking, you'll be priced out of the new system, and you won't be a member of its elite.

2024-01-25 14:45:52

That's why #Bitcoin is spreading at the speed of understanding, and everyone joins the Bitcoin network at the price level they deserve. This is a fair and just transition that won't be corrupted in the long run. There is no going back to the previous price of Bitcoin.

2024-01-25 14:44:42

Fiat money is the old game that always ends in hyperinflation, while #Bitcoin creates a new monetary system - it is a new game that is permissionless, so it can be entered based on situational awareness, focus, intelligence, discipline, and work that leads to understanding.

2024-01-25 14:39:42

However, at the same time, when the negative consequences present themselves for a meaningful proportion of players, a new game can be set up with an option to jump into it. The ability to leave the game for a new one before its inevitable collapse is a fair way to end.

2024-01-25 14:29:39

People cooperate in games, and changing the rules during the game will have more negative consequences for the participants than simply ending the game. Therefore, any game that ends in disaster must be continued to the bitter end.

2024-01-22 22:43:23

Human flourishing, happiness, gross domestic product, energy consumption and production, per capita impact on reality, and even the complexity our civilization achieves are worthy goals that don't need morality to justify them, so they can be pursued by an amoral atheist.

2024-01-22 22:37:06

There is no atheist morality. The concept of good and evil, which creates a subset of actions to be pursued in contrast to everything else, comes from an objective source. There is no morality without objective truth. There can be no objective truth without a transcendent point.

2024-01-22 22:27:02

Postmodernists are truly evil because they deny any objective truth and perceive reality only as an arena for power struggles. Create their own subjective morality or, in time, forget the concept altogether. For morality without a transcendent reference point is a contradiction.

2024-01-22 22:14:36

Evil is not immoral, it is amoral. People who are truly evil don't know what good and evil are because they create their own subjective morality. They choose to remove any objective reference point for their actions. #Philosophy

2024-01-22 22:08:00

Vengeance Unlimited is a great TV show about the first form of money - the promise of a favor.
https://www.imdb.com/title/tt0158421/

2024-01-21 23:21:55

What Bitcoin is used for
https://zbigniewgalar.substack.com/p/what-bitcoin-is-used-for

2024-01-21 21:29:27

What Bitcoin is used for
https://open.substack.com/pub/usedfor/p/what-bitcoin-is-used-for?r=1g2h9n&utm_campaign=post&utm_medium=web&showWelcome=true

2024-01-11 09:42:26

This is the most significant event in #Bitcoin's 15 year history and the most significant event in finance in the last 30 years.
It is the largest IPO ever - 900 billion
https://www.nytimes.com/2024/01/10/technology/sec-bitcoin-approval-exchange-traded-funds.html

2024-01-06 15:09:28

Any Internet-connected storage device - disk drive - memory is "lava" for your mnemonic seed words. Keep them secret - store them on a hardware wallet. Use a password on top of it. Connect it to your computer only to sign transactions. Use "watch only" wallet to receive funds.

2024-01-06 13:16:03

Credentialism comes from Plato, while Aristotle thought that real world interactions, practical experience, trial and error, failure and success, practice in self-discipline is the source of right wisdom for the ruler.

2024-01-06 13:13:10

The majority of people choose their leaders based on official credentials. The "right" universities or experience in top companies. They assume that the wisdom of the world can be collected, stored, refined, and delivered on a silver platter to the most worthy. #power #management

2024-01-03 14:56:14

Speaking in front of a class is an exam. You are proving to others that you know the material. But as a professor, you can cheat by using your notes during the presentation and you take the same exam many times, so even if you are terrible on that topic, you will get better.

2024-01-01 22:38:20

Power doesn't corrupt, so absolute power doesn't corrupt absolutely. Moral integrity is like the structural integrity of a beam that can bear the weight of power. Absolute power is just so heavy that it can break any beam.

2023-12-21 17:13:31

The current banking system is based on human stupidity. If the common people understood that there was not enough money in the system, it would collapse. It also encourages anti-meritocracy. The more money goes to stupid people, the more stable the system is.

2023-12-11 12:30:56

Data is the new oil. Whoever controls the data controls the planet.
https://pluralistic.net/2023/12/08/playstationed/#tyler-james-hill

2023-12-10 12:55:22

Cryptography is the new economics. Most of our sources of income are now digital. Protecting those sources from debasement (copy&paste) is critical to keeping control of your own wealth. It also protects you from AI that will learn everything it needs to know to manipulate you.

2023-11-28 08:14:11

Bitcoin mining is not only pro-climate, but more importantly pro-human, as it promotes the expansion of humanity's ability to generate energy. (in polish)
http://tosterpandory.eu/zbigniew-galar-bitcoin-to-zielona-galaz-gospodarki/

2023-11-25 09:54:54

We should be thankful that we see stupid wars everywhere. Wars that end in trench warfare, that gain nothing, and everyone wants peace because even stupid people see the insanity of it. If we would see intelligent wars, where the aggressors really gain something: no of wars 10x.

2023-11-25 09:37:10

Experiencing the world in its entirety at the lowest level of resolution is necessary to gather information for computation. So without that ability to act, there is no price action (information compression) and no good allocation of resources. 4 of 4

2023-11-25 09:36:54

It is about decentralizing the incentives that manifest themselves in the small decisions people make. If we take away their ability to make decisions (through slavery or economic disempowerment), we take away their experience. 3 of 4

2023-11-25 09:36:22

Central planning doesn't work (is less efficient than a freedom-based system) not because central computers are weaker than the sum of people's computing power. We can always create a huge mega central computer that will exceed the global computing power of the world. 1 of 4

2023-11-22 19:13:03

The most important question on the planet right now:
What is the best source of long-term growth?
China answered: more control.
USA can try to impose more control and try to beat China at their own game, perfected by them for 2000 years, or accept #Bitcoin instead of #CBDCs.

2023-11-21 23:07:50

The #Bitcoin ledger should also be on the Moon.
https://t.co/87qBWziNau

2023-11-20 12:56:06

Language models do not think like humans. They need another question from a human to think.
http://tosterpandory.eu/zbigniew-galar-recepta-na-golema/

2023-11-15 21:51:54

You can't learn to be creative, and some people need to be taken care of:
https://youtu.be/5-Ur71ZnNVk

2023-11-12 16:11:26

The world is getting better with human ingenuity and energy:
https://youtu.be/6Uu5CgGY_Js

2023-11-12 14:54:14

Incentives are better than penalties. There is a remedy for most types of fraud. Any fraudster who can provide a foolproof method to ensure that that particular method of fraud will never be used again should be forgiven.

2023-11-07 18:31:16

You don't need a blue checkmark to prove you're a human being. You just need to create something in your life: a book, a scientific paper, a company, and put a link on your profile to the website of your greatest achievement. #science #credibility #identity

2023-11-06 08:30:14

Bitcoin exposes all fraudsters, even those working with the government:
https://balajis.com/p/crypto-twitter-found-sbfs-fraud

2023-10-09 22:16:37

#Bitcoin is Turing complete so it has the potential to become a complex system.

2023-09-28 20:34:57

Bitcoin created a market (because it is permissionless) of ethical systems that are consistent (sets of rules) in time (only through Proof of Work). Actions that follow these rules are stored by the historians (nodes that store the ledger). That's why it is only self-improving.

2023-09-24 11:22:17

Waste management should be one of the basic functions of government because it's a natural monopoly. The second law of thermodynamics forces us to produce waste and therefore we must have an outlet for it or we die. It is as critical as state military.

2023-09-24 10:50:19

We should teach ecology in high school - not the activist, non-scientific version, but the real ecology, which can be defined as the long-term systemic consequences of actions and social policies that lead to a deep understanding that any non-market decision leads to bad outcomes

2023-09-16 20:00:11

What if psychohistory is real (Asimov Foundation) and the outcome is deterministic for some aspects of human behavior? What if the next bull market will resemble the 2017 #bitcoin bull market % due to comparable supply?

2023-09-15 14:38:19

We think of Karl Marx as an economist, but for him, economics was only a means to an end, which was a new primordial religion, which comes from the social nature of man, so that it supersedes all classical religions.
http://tosterpandory.eu/stilgar-inzyniera-spoleczna-marksizm/

2023-09-07 14:11:24

- reply

Every meaningful topic has the problem of reductio ad bitcoinum

2023-08-16 22:45:57

Some insiders already knew in November 2017 that the block size war was won, that #bitcoin wouldn't split into opposing factions anymore, and that it would succeed. The December 2017 price rally was a turning point.

2023-08-16 22:27:34

#Bitcoin is a zero-sum game we have never played before. It is primal. It is brutal. It is going to be ultimately savage with people fighting over the remaining bitcoin like hungry people fighting over the remaining scraps of meat.

2023-08-16 22:19:31

The block size wars ended with the price collapse of Bitcoin Cash. Since then, #bitcoin has become a global IQ test. With every day that passes since November 23, 2018 (definite BTC cash price collapse) without a BTC in your wallet, your IQ score gets lower.

2023-08-16 22:13:51

Bitcoin was a very interesting experiment until the block size wars ended. Since then, we've known that it won't collapse under its own weight and burn through a series of internal conflicts. Since then, #bitcoin has been inevitable.

2023-08-14 21:43:42

When #bitcoin increases more than 100 times in value, there will be a lot of capital looking to invest in bitcoin startups and not a lot of bitcoin experts to hire (almost all of them can retire at that point). Learn bitcoin while you can.

2023-08-14 09:23:29

It would be great if the future star date was a block number. Because synchronizing with the timestamp of money is a necessity. #bitcoin

2023-08-14 08:44:54

Risk-adjusted returns of currencies, indexes, metals, stocks, & bonds vs BTC.
https://www.microstrategy.com/en/hyperintelligence/asset-vs-btc

2023-08-05 10:26:26

You don't trust the airline with your life. You trust the pilot with your life. Try to replace the pilot with an autopilot, that is when you really trust the institution. How many new accidents would we have if there were no insiders on board (no pilots and no flight attendants)?

2023-08-03 17:11:43

Totalitarian governments may soon start requiring biometric scanning of people. They see from the Worldcoin example that people will give their biometric data for free (at least 25% of the coins are pre-mined and given to VIPs). And they will sell biometrics to the highest bidder

2023-07-18 21:44:03

- reply

Spice was part of the Makers life cycle. Their population was limited to the size of the ecosystem, so the rate of new spice creation had a permanent limitation, in addition to the problems of mining itself. However, it was constantly renewing itself, unlike bitcoin.