“The Guy who has read more about Bitcoin than anyone else you know.”
Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev Profile Code
nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsq2q689
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Published at
2025-06-20T19:23:02Z Event JSON
{
"id": "a0af40f3008781441225088d1523660ddad79e4c8e8e7e97a983f05639b33511" ,
"pubkey": "b9e76546ba06456ed301d9e52bc49fa48e70a6bf2282be7a1ae72947612023dc" ,
"created_at": 1750447382 ,
"kind": 0 ,
"tags": [],
"content": "{\"name\":\"TheGuySwann\",\"about\":\"“The Guy who has read more about Bitcoin than anyone else you know.”\\n\\nAdjectives: Smart/Sexy\\nHost of Bitcoin Audible 🎧\",\"lud16\":\"[email protected] \",\"nip05\":\"[email protected] \",\"picture\":\"https://i.nostr.build/GZd3CdZZ7kR1SNS1.png\",\"displayName\":\"Guy Swann\",\"display_name\":\"Guy Swann\",\"website\":\"bitcoinaudible.com\",\"banner\":\"https://blossom.primal.net/261616e2f445019e8099d31331d95c7880f5067be1b3a3b31c8ea5051db13f82.jpg\"}" ,
"sig": "173824731bee2956c7ae1d12ef8b45300aacfa7ca7f7b36463c269e4889afeb21b50a7b27ca13481199697865c1fdc83daae2e27ce37fd04d428dd6efb73ffbf"
}
Last Notes npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I bring this up because I've had 2 really sh*t days in the last week😆 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Whenever I'm having a real sh*t day, the two things that help me get my head right: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann There's no reason nor benefit for having an entire altcoin network running its own internal/circular security incentive structure just to have a list of keys or names for something. This could just as easily be done on bitcoin if all you needed was a hash of the canonical truth published somewhere reliable. But even then I still don't think that makes much sense. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann In the middle of the 2020 govt caused pandemic and economic lockdown, Twenty One Pilots released this banger. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann https://primal.net/e/nevent1qqs9qgkealqklqajp4cvtqehh2wwdsqpq8uy9vukhsk8tpkedv6p8hs6yere3 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I'm not looking for a solution *for me.* I'm looking for a general solution to make the UX feel like the "sign in with apple" option and retain the general security and isolation of your core account keys. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann And on the note of key delegation: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I’m not talking about key rotation. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann “Klippsteined his own name?” I’m not sure what the reference is. I’ve had my issues with the Swan service in the past (although minor) and that’s why I don’t advertise them anymore. But I also don’t have any problem with Cory. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann nice! That's a pretty clever UX solution. The reason i think that's not the long term fix is because it still means that every single app or client i test or even play with has the master key to destroy my entire network. If workstr is malicious, doesn't matter how safe the transfer is, I'm done. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Testing a quick video i put together on the app I built for my own production workflow. I couldn't find any video editing and recording app that works like i think.... so I'm building it. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann When I feel it’s pretty solid I would be happy to! Remind me in a couple of weeks. It’s sitting on the sidelines half finished right now because of more pressing matters. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I say this because I just went to desktop to post a video and realized I wasn’t signed in and then decided it wasn’t worth it and went on to other work. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Really? I didn’t have to do anything. It just worked for me. What were you having trouble with? npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Not being able to quickly and safely sign into another client or device is such a friction with Nostr. I really think it’s the most important problem to solve in the short and medium term. And I do *not* think remote signing with another device or running nsecbunker or having your phone find some trick to stay alive in the background to be a signer is the solution. They are clever and useful for some, but ultimately only a tiny, tiny minority will deal with those things. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann We’re almost around to the point where my team and I have built our own generalized solution to this. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann This needs at least 10x the current level of excitement 😂👏🏻👏🏻🔥🔥 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I’ll probably just not worry about compatibility then. I can cross that bridge if anyone cares about P2P relays and importing the pear library we built into actual Nostr clients. If we only use it internally it’ll be much easier. I figured that was the case though. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann lol, nah. Thats a hash function. Trying to add pear keys for P2P “relays.” npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Shit! I forgot to go back to this thank you npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Less about that element and more about the context of coordination. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Nostr devs out there: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Always good to get second and third opinions if you want to understand something. But blindly trusting or putting whatever they tell you to into your body without questioning it, or weighing the trade offs, is foolish. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Something that you can’t do on twitter is what it needs. A major differentiator npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann They were supported by both during those decisions with taproot and segwit which may have altered the incentives/costs for spam. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Anything to disagree with in my explanation? npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann The easy way is often ~~the less convenient~~ a huge pain in the ass, in the long run.. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann GM, if a doctor prescribes you something, you don’t actually have to buy it or take it. The responsibility for living life drugged out of your mind or deal with whatever crazy list of side effects that may arise is still yours. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I was going to say that this isn't bad practice as all for a passphrase because its not that big of a deal if it has limited entropy anyway, it should be treated as an "extra measure" rather than the true entropy for the seed anyway, and in that case memorable can save your ass. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann https://blossom.primal.net/c653d5600d8b73745d978b834fa418fd8b20539e5077765ed1bc8baa3b6efa99.png npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Any feedback you can give on this idea, Gracey is looking for some. She's been playing around with the idea of Bitcoin educational gaming and tinkering with lightning stuff. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Played this for like 20 minutes while on hold with support 🤣 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Max and I had a legendary 3 hour rip a couple of years back on a show. Literally one of the best we’d had. Covered so many topics, some just fun but some really hard and serious ones too. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Tell him to swap out the concord. His funds should be safe in the meantime but there’s zero reason to leave it there. If you lost a key you would never leave it so there was no third option. That’s what he has right now. Replace the CC with a third key. Even a software key is fine for a decent multisig. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Run by cunts!? npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann If you are using a Mk3 through the Q and didn't use a lot of dice rolls in generating your keys, consider it compromised and move to any quick location you can find. If you have another wallet without a coldcard, send it there, if you have a trusted exchange send it there temporarily, if you can create a quick software wallet send it there. Make sure all the normal process and backups are done carefully during this and then prepare for a better multisig setup for your replacement. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Been so focused on getting keys moved and contacting people and responding to DMs i forgot my Nostr fma: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I wanted to believe otherwise but the surge in explicit socialists candidates going full retard and *gaining* popularity because of it is honestly frightening. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann https://blossom.primal.net/8ed5741ef638efe8971a03dd0875b197f47564056167703241b45a97fa53db82.gif npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann GM npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Correct. I have a show all about that actually 🤣 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Imagine thinking that one achieves independence from a totalitarian ruler without paying some price for it? npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I really wish the US had a free market economy. It’s hard to imagine how prosperous we would be. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Mining pool centralization is a very isolated and limited risk. There’s tons that cannot be changed or isn’t at risk because of this. It’s simply a vulnerability to a certain class of problem. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann ?? "what is wrong with Datum?" npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann That is the full episode, lol. We're doing shorter form so it fits the video platforms better. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann What is the MOST important project in Bitcoin right now? npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann wow.... that's fucking amazing npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann There's going to be a flood in the next couple of years. Local Ai will be absolutely wild in less than 5. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Could not be less relevant to anything said here. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Pruning occurs after validation. It's purely a storage choice and has nothing to do with whether you download the entire chain or not. The IBD operates exactly the same with the pruned node simply dropping block data earlier than a certain threshold after validation and keeping the UTXO set. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann https://blossom.primal.net/0aec737ac456f77dc198f91816d24665c9368500e5c1bccd753e7bf44a464091.gif npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Been working on a really frustrating video Guy’s Take 😆 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Holy shit! Kimi K3 just dropped and it outperforms Fable 5 at coding takes. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Of course, Bitcoin is a great example of doing everything needed being built as simple and naively as possible to make it work in its most important capacity (i suggest "Bitcoin is worse is better" by gwern if you've never read it). npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann All made up of just 4 proteins npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann If only you could get the *sound* of things like this moving around to match the majesty and surreal nature of their visual effect. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann “A complex system that works is invariably found to have evolved from a simple system that worked. A complex system designed from scratch never works and cannot be patched up to make it work. You have to start over with a working simple system.” — John Gall npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann https://blossom.primal.net/a3883f88a1567755304d142cb1fce09e3fcbbd2a96802e67eeb778f0aa4fdf38.gif
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann This is exciting dude! Nice work npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Never heard of it. They doing the same thing though? npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I think most are through PPQ using either FLUX or Nano Banana. But my producer has been putting them together and we’ve shifted things a ton over the past few weeks so it might not be the same anymore. I’ll ask npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Big time user still. I’ve become a .md maxi. Everything on my computer is a .md or a .json now 😂 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Interesting I don’t even know that movie. Will check it out 🙏🏻 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Ah damn. Would’ve been fun to catch this while it was happening. Coulda zapped a big one live, lol. It’s always fun to get first impressions from people seeing zaps for the first time. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann That seems like a lot of work to demonstrate the obvious. 😆 I mean just off the top of my head I can see dozens of different motion and muscles that are activated, you have to actually picture the shape and flow of the letter and the word, predict the spacing of the words, etc - there’s numerous things that typing is explicitly supposed to be a shortcut for, thus those things wouldn’t be activated. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann WE DID IT GANG!!! npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann because i haven't been banned yet, lol. Rumble, podcast, nostr and X are all in the mix too. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann https://image.nostr.build/9a4161fa85b7e610dd26fc61707db1ad9a208ce731e63a1db14b8e38e7fd6e61.gif npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann The audio and video version will be published in the same Bitcoin Audible feed. It will just start having a lot more Guy's Takes episodes and on Fountain and other video enabled clients you'll be able to watch the video from the same feed. No change needed if you already follow, only the youtube is under a new channel name. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann https://youtu.be/hraWif0lnRw npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Guy's Take is officially here! npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann “Got don’t” is supposed to be “got done” if that wasn’t totally obvious 😆 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I’m not sure what you’re talking about, but nothing he said is relevant to my point. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I’m shocked that a week went by and there was no progress. I’m busy all the goddamn time unfortunately… but usually there is some sense that something actually got don’t with all that work. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann It’s shocking how fast an entire week can go by while you’re scrambling the whole time and working constantly only to feel like you got nowhere. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann A bunch of fucking crooks and pedophiles got in power and they are milking the country for all it’s worth. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann “I haven’t even seen your book but I have a strong opinion about it” vibes for real 😂 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann What is “Falling Down 2.0”? npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann All good man. I would have been out a long while ago if I was overly sensitive about shit on socials. I do appreciate the candidness though 🙏🏻 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I’ve considered a few different paths, and that’s actually a really interesting one I hadn’t considered, basically running a node professionally and using the podcast as its “public face” so to speak. That’s a clever idea actually. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Oh man. I love some good tits npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann 🫡 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Appreciate that, I’ll look at the STRC chart for a good laugh 😆 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I read what people are interested in and want to hear. I’ll always give my take but I make the assumption that my audience can think for themselves. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I’m probably just being sensitive because you calling me a “paid influencer” when all I do is turn down sponsors and I’ve lost money on the show for a year and a half honestly makes me feel like shit. As if no one gives a fuck if I’m not scamming them so why refrain? I don’t do the show because I get tons of money, I do the show because I love it and I think it’s valuable to the space. My goal is simply to make it sustainable. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Ok dude whatever. It’s a good hardware wallet and my joke about them being better off was accurate. They had half a billion in fucking tether. I only recommend stuff I like and use personally. If that’s not good enough then I should just stop caring honestly. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann In other words, I wasn’t expecting Iranian officials to watch the video and I wasn’t making them a recommendation. 🤣 npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann 1. They held centralized tether, so honestly what’s the difference? There’s one key either way. Bitbox would be vastly better. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Vibe central banking is the true way npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann If you think the goal of a healthy economy is to never have banking problems or never have contractions, then you believe a Disney fairy tale. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann There was a panic following the breakdown of the war and infrastructure debts in the early 1870s, but the early 1880s are claimed to have a depression that was only declared in hindsight. There was a smaller credit contraction during this period but it’s mostly equated as a depression only because of *price* deflation and not because living standards went down. Quite the opposite happened. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Find me one that wasn’t caused by credit deflation npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann No depressions. Bank panics are necessary if the bank is corrupt or insolvent. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann I explained exactly why in the second paragraph. I gave the exact reasons why no one is experiencing it. And it’s not “theory,” it’s exactly what happens in the absence of massive money printing. In fact, in the sectors that out pace it, we even still experience today. Computation and electronics all improve so fast that every element of compute gets more affordable every year despite trillions printed. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann If you have a central entity issuing infinite credit from nothing at an arbitrary price because they issue it from nothing, then everything you just laid out is meaningless. npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann Already part way through them. Just been crazy busy. You’ll probably notice I haven’t had many reads at all lately. Just a lot going on npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann They’re long as shit, lol. I’m working on them actually npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann “Just let humans use whatever the fuck they want to use in order to transact, to save, or whatever.” npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev TheGuySwann That makes absolutely no sense. Bitcoin maximalism is just the simple result of thinking about the outcome. It’s not prescription, it’s a logical conclusion. The idea that realizing what the outcome of competing monies will be is “authoritarian” honestly only shows how much baggage you have coming into this.
