MichaelRoerade
Michaël Roerade

I heard it (also) has something to do with the memory of the Weimar Republic hyperinflation still being relatively vivid, with stories being passed on from previous generations.

2024-09-19 15:26:59 GMT

On a long enough timescale, "risk-free rate" will turn out to be a buzz word from the fiat era.
Study #Praxeology & #AustrianEconomics to understand why.
https://m.primal.net/KusC.png
https://m.primal.net/Kusa.mp4
All humans act with the goal to remove uneasiness for themselves. However, there is never a guarantee, that action will lead to the desired outcome.
This means everything people do implies risk. Even deciding to do nothing can be risky. Economic activity, saving and investing, are ALL downstream from this principle.
As Mises pointed out, every investment (in fact all human action) is speculative. Spending our time & energy is never guaranteed to lead to the outcome we anticipate or desire.
https://m.primal.net/Kusd.png
Since there is no way to remove this inherent risk, the only way to have something called a "risk-free interest rate", is to offload the downside risk to others.
As Saifedean points out, this is only possible by printing the money, or through bailouts when things go wrong.
https://m.primal.net/Kusi.png
In both cases, the "others" paying for the downside risk, are those who hold their value in fiat currency. The dilution of their value, is what finances providing "risk-free" returns to those who actually put capital at risk by investing it in government bonds.
https://m.primal.net/Kusj.png
I have a hard time believing Sayor doesn't understand this. If that were the case, he would try to argue against the points being made by Saifedean. Instead, he says: "You're going all maxi on me", claiming governments and the dollar aren't going anywhere.
I find it equally hard to believe Saylor doesn't understand the game theoretic probability of hyperbitcoinization.
You can't say everything is going to zero against #bitcoin, there is no second best, and at the same time claim the dollar will last forever.
As he eloquently explains at many occasions, inflation is caused by debasement of the money supply and bitcoin is the ideal form of property to protect your net worth against it.
However, history shows that on a long enough timescale, inflation transitions to hyperinflation, which is the collapse of people's trust in the currency.
https://upload.wikimedia.org/wikipedia/commons/8/88/The_Hanke_Krus_Hyperinflation_Table.pdf
Saylor makes a distinction between property and currency, saying bitcoin is the best property, but the dollar will remain the dominant currency. However, as goes for the entire fiat-based monetary standard, this distinction is only kept in place by (the threat of) violence.
If you're not sure what that means, try printing your own money, not paying taxes or breaking legal tender laws and other financial regulations. You will soon find out that these privileges of states, governments and banks are protected by potential violence.
Without this threat, nobody would be using non-scarce pieces of paper and numbers in a very big Excel sheet, and exchange them for things that in fact require time & energy to produce. Yet here we are.
What is ironic, is that the inconsistencies in Saylor's reasoning, in part, boil down to fear of that same violence.
If he were to advocate for bitcoin replacing the US dollar as currency, there is a non-zero chance he would have to jump on his yacht and flee, McAffee-style.
https://m.primal.net/Kusm.png
The other explanation is more straightforward: Follow the money.
Saylor makes smart use of the fiat system to build a bitcoin stack that will most likely one day be of geopolitical significance. A game that clearly brings him fun and satisfaction (removal of uneasiness 😉).
Advocating for replacement of the dollar would put $MSTR stock in the bucket of non-investable assets for many of the institutions that buy it to get indirect exposure to bitcoin's asymmetric upside, which would in turn decrease Saylor's ability to attact more cheap capital.
I have immense respect for Saylor's guts, intellect, and ability to explain bitcoin from first principles, but he's clearly walking the tight-rope between two diametrically opposed systems.
Sooner or later, he will have to choose...
https://m.primal.net/Kusn.png

2024-09-11 21:34:00 GMT

If you think smartphones leading to a generation of youngsters who can't do elementary mental calculation, can't read an analog clock and have the attention span of a goldfish was bad, wait until an entire generation has grown up using AI...

2024-09-09 22:21:05 GMT

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#ThermodynamicsDeniers

2024-09-07 07:07:46 GMT

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Besides simple personal values such as being caring, responsible and honest with loved ones, I changed my entire life and my views on practically EVERYTHING over the last 6-7 years.
https://m.primal.net/KhmR.jpg

2024-09-07 06:56:48 GMT

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https://m.primal.net/Khlv.png

2024-09-06 07:31:14 GMT

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The irony of calling the current paradigm "capitalism", while simultaneously quoting "Chancellor on the brink of second bailout" in bitcoin's genesis block, is lost on a lot of people.

2024-09-05 17:18:57 GMT

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No, it's the Onyx firmware. It used to work OK without GSF, which I could just let unchecked in settings. Never tried to flash another ROM to it

2024-09-04 23:29:10 GMT

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I know. I have an Onyx Boox 8 e-ink tablet, that until recently allowed not enabling GSF. Unfortunately, after the latest update, ik keeps giving a pop-up saying GSF is required when I open any app I installed on it through Aurora Store. 😤

2024-09-04 12:47:35 GMT

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GrapheneOS fixes this...

2024-09-04 12:44:45 GMT

GrapheneOS fixes this...

2024-09-01 13:41:44 GMT

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It remains to be seen whether Elon is for real, long term...

2024-09-01 12:09:59 GMT

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https://m.primal.net/KYir.png

2024-08-29 08:22:23 GMT

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✅

2024-08-28 23:14:56 GMT

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💯
I even noticed that on X, posts from accounts for which you have enabled notifications are not shown to you if they contain external links 😤

2024-08-28 05:39:46 GMT

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This says it all. Posted the same on both X and Nostr last night.
X, with 3200 followers: 1 like
Nostr, with 495 followers: 6 likes, 1 repost, 1 zap.
#note1u08…d8a9

2024-08-27 22:41:57 GMT

So here's what you do anon:
1. Go to X search and type npub*
2. Hit the filter button and select "people I follow"
3. Copy as many npubs of those you are following on X you can find, and paste them in the search bar of your preferred Nostr client to start following them here.
https://m.primal.net/KQgW.gif

2024-08-27 22:10:09 GMT

I sure hope the #Nostr servers can handle all these new signups.
Oh, wait...

2024-08-27 19:22:44 GMT

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💯
There is of course the cognitive dissonance caused by the long list of non-fiction I want to read and don't have enough time for, but f*ck it 😄

2024-08-27 18:49:55 GMT

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Tried to post an audio clip straight from @npub1v5u…n0v5, but the clip itself isn't shown in the note (at least on Primal).

2024-08-27 18:28:09 GMT

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So true...

2024-08-27 18:17:09 GMT

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It's a long time ago I listened to a fiction audiobook (although I understood this is partially based on real events). Only at chapter 2, and already hooked!
Awesome job, Max!
#note1v8s…4l4d
https://m.primal.net/KQMH.png

2024-08-27 17:47:58 GMT

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Thank. Will look into it.

2024-08-27 14:07:12 GMT

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You should turn this into a simple app for the right brain hemisphere dominant people 😁

2024-08-25 19:21:22 GMT

Neo-Marxism is such an awesome ideology, that you need to suppress free speech, jail CEOs of tech companies as well as people reposting things that don't fit your centrally approved narratives, in order for it to really come to full fruition.
Oh, and did I mention exit taxes?

2024-08-23 18:23:04 GMT

I lost my boat in a bitcoin accident...

2024-08-23 18:21:29 GMT

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It all depends on how the thing is financed

2024-08-23 14:51:37 GMT

.@npub180c…h6w6 GM

2024-08-23 13:53:43 GMT

Imagine being in a room with the few hundred people who are building the future of a decentralized alternative to the captured thing we call the internet today. That's what #Nostriga feels like.
@npub1sg6…f63m @npub1qny…95gx
@npub1yul…ncdu @npub1nst…rg5l
https://m.primal.net/KJUG.jpg
https://m.primal.net/KJVA.jpg

2024-08-23 13:35:13 GMT

Now what happens to all these wonderful platforms if 10 people with millions of followers decide to leave X and move to Nostr and announce: "We're leaving, we're not ashamed of it, from now on, we're gonna post on Nostr"? All your monetization models are destroyed. Completely devastated.

2024-08-23 12:38:30 GMT

Fully agree with @preston in #Nostriga panel that the heavy lifting of bringing the masses to Nostr is going to be done by governments increasing censorship, surveillance and further clamp down on free online speech.
The pace at which Nostr develops in terms of UX, different applications and their interoperability is awesome, and it's humbling to have a front row seat to this development by virtue of being a bitcoiner.
But the reality is that the majority of people in the world need (a lot) more pain to understand they need Nostr. The most important thing is that Nostr and all its potential use cases are mature and low threshold enough as an alternative internet by that time.
https://m.primal.net/KJQD.jpg

2024-08-23 06:42:16 GMT

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Proof of Rat
https://m.primal.net/KIxs.jpg

2024-08-21 20:08:04 GMT

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Hammer time preference™

2024-08-21 08:09:43 GMT

Going through the usual human cattle handling ritual to get to #Nostriga and #BH2024...
Flying through Stockholm, hopefully in time for @npub1jt9…la9y & @npub1fk8…cwld #bitcoin infinity day and book presentation party 😁.
@npub1yul…ncdu
https://m.primal.net/KGVS.jpg

2024-08-13 11:43:40 GMT

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https://m.primal.net/JyMK.jpg

2024-08-13 09:59:32 GMT

1+1=3

2024-08-08 21:46:28 GMT

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The truth bombs you usually drop, and for which most bitcoiners I know appreciate you a lot, are about economics, markets & technology.
This is also a truth bomb, but on a whole other level!
Kudos 🙏

2024-07-28 00:13:29 GMT

If you believe politicians or don't get that bitcoin doesn't need them, I don't have time to try to convince you, sorry.

2024-07-28 00:06:01 GMT

Voting is the adult equivalent of writing a letter to Santa Claus...

2024-07-28 00:05:22 GMT

So-called bitcoiners cheering for a Presidential elections candidate who promises to keep bitcoin the government confiscated, need to read more Rothbard.
https://m.primal.net/JgdC.jpg

2024-07-24 15:13:03 GMT

https://m.primal.net/JcpN.gif
https://m.primal.net/JcpL.png

2024-07-24 13:57:48 GMT

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We're slowly moving towards a paradigm in which companies who don't integrate bitcoin into their products and services will be frowned upon.
Gradually, then suddenly...
#note1h3c…3rkf

2024-04-26 17:28:11 GMT

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I would worry more about OS

2024-04-26 16:35:55 GMT

With all the news that has reached us this week, people who have been working hard bUiLdInG stuff for JPEGs on bitcoin must feel really satisfied...

2024-04-26 16:09:56 GMT

All #bitcoin app developers should publish their APKs on F-Droid, their own website and on #Nostr.
Yes, you want app to be on the two largest app stores, but if it's the only place where people can find and install it, you're trusting the same system Satoshi set out to topple.

2024-03-25 21:44:45 GMT

The main reason for rejecting Bitcoin is cognitive dissonance.
For most, it's too hard to accept they believed the lies of the fiat system.
For gold bugs, it's too hard to accept they didn't believe the lies of the fiat system, but something other than metal is the solution.
https://m.primal.net/HoSX.png

2024-03-18 07:54:50 GMT

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🔥🔥

2024-02-26 17:23:19 GMT

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Thanks! I guess we'll be meeting in Prague again 😁

2024-02-23 19:42:07 GMT

I'm very excited to announce that I have joined npub167n5w6cj2wseqtmk26zllc7n28uv9c4vw28k2kht206vnghe5a7stgzu3r as Marketing Manager!
After having attended the awesome '23 event, I look forward to helping the conference grow in size and quality.
Martin & Matyas, thank you for the warm welcome and for your trust!
LFG 🚀
https://m.primal.net/HejN.jpg

2024-02-16 23:37:19 GMT

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Sorry my bad. Just checked his latest post and thought "6m" was 6 minutes ago.
Fucked up story. Nation states adopting bitcoin is a matter of game theory, but they're still run by fucking politicians.
#DefundTheState

2024-02-16 23:28:43 GMT

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so who is posting from @muyshondt ?

2024-02-16 10:10:24 GMT

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LOL, You sound surprised. There's a reason why someone came up with the DINO acronym...
https://m.primal.net/HdGx.jpg

2024-02-14 19:52:09 GMT

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Amen!

2024-02-11 11:33:17 GMT

Kind reminder:
If you think you "own" bitcoinn in an ETF, try making a nice morning brew from coffee "owned" in an ETF.
Price exposure ≠ ownership
https://m.primal.net/HcBn.webp

2024-02-07 18:30:34 GMT

That first taste... So good!
https://m.primal.net/HbIR.mp4

2024-01-10 14:39:16 GMT

#Bitcoin game theoretic gravitational pull sucks in everything, including Wall Street & nation states.
This doesn't change the protocol's implied absolute freedom & responsibility.
Those swapping responsibility for convenience will pay the price sooner or later.
#BitcoinETF
https://image.nostr.build/fbf66c08abe9d841275a5fb314ceb72d9b70794ce09c8e6f46d5c3757deb5f68.jpg

2023-11-19 19:27:51 GMT

Why is there no #Nostr Fontawesome icon yet?

2023-10-26 18:34:24 GMT

I wish to announce that I will be stepping down from my position as CMO at Bitcoin Reserve, effective immediately.
This means I will be looking for a new marketing position at a #bitcoin-only company.
I thank everyone we've collaborated with during the last 2 amazing years. 🧡

2023-08-17 11:05:21 GMT

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De Nederlandse vertaling van "Bitcoin - Everything in 21 pages" die ik samen met mijn collega @npub1anr…3qjz heb geschreven komt binnenkort uit. De Engelse versie krijgt veel positieve respons (zie link ⬇️) en wordt al door lokale bitcoin communities in Uganda en Zuid-Afrika gebruikt.
Lijkt me een perfect hulpmiddel voor punt 1 en we zouden het geweldig vinden als de NL versie in België en Nederland gebruikt wordt voor lokale educatie.
https://twitter.com/BTCReserveHQ/status/1678138970226696193?s=19

2023-08-03 12:38:51 GMT

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Why doesn't Amethyst display videos like it used to do?
For example here:
#nevent1q…dptu
On other clients I see the video, but on Amethyst I only see the URL.
@npub1gcx…nj5z

2023-07-30 06:20:20 GMT

Zap Malone
https://cdn.nostr.build/i/85f8c65549372075ffbb0c35e00d7719a49c077c4359ac8c0a3c0a24c6c2fadc.jpg
@npub1xkc…u53k

2023-07-25 09:24:38 GMT

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Can't imagine you haven't read it, but...
Just finished The Art of Invisibility by Kevin Mitnick. Started reading a few days before he passed away.

2023-07-19 19:19:44 GMT

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Has a great time discussing #bitcoin nation state adoption with @npub1exc…n72a
Thanks Samson!
#nevent1q…j32z

2023-07-13 10:33:38 GMT

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Awesome job!!

2023-07-03 15:30:44 GMT

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#Bitcoin protects you from whatever AI might bring in two ways:
1. The bitcoin network is the only unhackable computer network. AI is limited by the hashing power its general purpose harware substrate could muster to try and attack it. However smart AI may become, ASICs will always be better at protecting bitcoin.
2. The long-term growth in bitcoin's purchasing power will offset whatever skillset currently valued in the labor market AI might make obsolete.
Lessons: Stack sats, run a node, practice good OpSec.
#nevent1q…0e4x

2023-07-02 10:47:58 GMT

🚨PSA: Twitter is currently under a 51% attack... by its owner.

2023-07-01 18:27:34 GMT

https://nostr.build/i/1ec0d9946b81c5b6c3b6c95f3abe7457b069f9a443988b3d13b70e9558811586.jpg

2023-06-21 19:36:37 GMT

Happy 30K plebs!
https://nostr.build/i/29aef04770c8e4f00386afecb61c9026b35f1b61aa360fe7bd607f8727a4aa7c.jpg

2023-06-21 11:28:32 GMT

https://nostr.build/i/0264ad3e6666d144beaab36306d1047420cf8e2eccdbf323a39582e0fcd80860.jpg

2023-06-17 06:56:04 GMT

The main purpose of a #bitcoin #ETF, is to teach boomer corporations, family offices & pension funds the meaming of "not your 🔑🔑, not your 🧀"

2023-06-14 12:25:19 GMT

How it started... How it's going.
Tim Cook is really killing it...
https://nostr.build/i/f949434680e4d9ed63d760a7c0ac685cd81bc3352ebcfa4b09f7b2b79f07443d.jpg

2023-06-14 10:45:05 GMT

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Things are really accelerating. "Then they fight you" is well underway...
#nevent1q…2gct

2023-06-14 10:37:02 GMT

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Herewith extending the GFY to you mEth heads..

2023-06-14 09:19:38 GMT

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They started building the camps a few years ago. Covid was the compliance test to figure out how far they can go without triggering a revolution that would have them dangling from lamp posts...

2023-06-14 09:13:52 GMT

Hey Antonio, try censoring this:
🖕🏼 GFY and shove your code of conduct where the sun doesn't shine! 🖕🏼
https://nostr.build/i/e0f0e4845248715d700267ff1ab0ceeef5fc167c89fde4f7c495b283a36b751b.jpg

2023-06-02 15:56:07 GMT

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https://i.imgur.com/tHWZVvt.gif

2023-05-25 09:07:18 GMT

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*What happens

2023-05-25 09:06:19 GMT

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Whathappenas when you close the browser?

2023-05-25 08:13:09 GMT

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Interesting to see open source AI is catching up quickly.
Still, I can't stop thinking the real "competition" isn't open source, but the stuff that's being developed in the top secret military labs in the US, China and Russia. The stuff nobody has heard of...
And possibly only will when some form of AI, 10x or 100x more capable than GPT4 has worked itself out of its lab environment Wuhan style, nesting itself stealthily in AWS and other large cloud infrastructure and from there, taking over and using any IOT device it can hack to achieve whatever goal it has set its mind on.
That is, if the idiot politicians responsible for those programs haven't integrated it with weaponry directly.
Call me an idiot, fear monger or Luddite, but these scenarios aren't discussed nearly enough.
We can only get it terribly wrong once...
#nevent1q…th67

2023-05-24 07:29:22 GMT

https://i.imgur.com/JN2GBIF.jpg

2023-05-24 07:25:18 GMT

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Did you get the translation of the text on the hat?
It says "It's difficult to be modest when I'm the best" 😆
🔥🔥🔥

2023-05-24 07:09:08 GMT

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That's a great analogy! Stealing this. 😄

2023-05-09 10:41:25 GMT

The brain dead come creeping from their crypts... again
https://i.imgur.com/m76YQj9.jpg

2023-05-03 11:27:45 GMT

MSM never miss an opportunity to put some current thing gaslighting in the bullet points (most don't read the rest anyway).
In 2020, Ukraine produced 0.008% of the total world production, making it number 83 on the list of rice producing countries.
https://en.m.wikipedia.org/wiki/List_of_countries_by_rice_production
https://i.imgur.com/W5dRGDx.jpg

2023-05-03 07:20:32 GMT

In order to prevent banks from going into oblivion, they will print your savings into oblivion... again.
#Bitcoin

2023-04-30 19:25:59 GMT

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The concept of "leaders", democratically chosen or not, is antithetical to both freedom and people achieving what you call the transcendental.
Low time preference and freedom are what makes this possible.
Sound money enables people to build generational wealth, which allows them to dedicate their time and energy to more than just sustaining themselves.
If that sound money is also unconfiscatable, it means leaders' ability to fund government that only serves the interests of a small elite (opposite of good, beautiful and true) disappears. It forces any remaining form of state or government to provide necessary services at prices that people with unconfiscatable and censorship-resitant money are prepared to pay voluntarily, instead of being coerced through (threat) of violence (taxation).
That's the true paradigm shift #bitcoin will achieve long-term.
Read #[6] 's books.

2023-04-30 15:21:18 GMT

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They are optimizing to get (re)elected by promising what a sufficient part of the population considers be good, beautiful and true. Anything other than total freedom implies having others impose their definitions of this.

2023-04-30 15:09:24 GMT

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The problem with that is that someone will be imposing their definition of goodness, beauty and truth on you and others. It's basically what we have right now.

2023-04-23 19:26:40 GMT

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So the big question here: Was he instructed not to mention the ₿-word, or is the WEF's research so bad they didn't check Crusoe energy's website?

2023-04-14 08:46:31 GMT

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Here you go
#[7]
https://i.imgur.com/fCuc8vk.jpg

2023-04-06 13:55:10 GMT

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I would say all the communities popping up based on Galoy's bitcoin beach source code

2023-04-05 09:56:34 GMT

With a crew like this, can we even lose?
https://nostr.build/i/nostr.build_948d41c424a89038f3421af2716cd7537cb6d873214799c15ea6e5ff937a1fed.png

2023-04-04 16:51:33 GMT

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De-Googled Android, that is.

2023-03-11 19:52:46 GMT

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Best to combine them, so you don't need to enter your seed phrase on a hot device.