Damus
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jimmysong
@jimmysong

Bitcoin Expert
Open-Source Coder
Follow me to learn #BTC

Author of 5 Bitcoin books

Fiat Ruins Everything: https://fiatruinseverything.com


PGP: C1D7 97BE 7D10 5291 228C D70C FAA6 17E3 2

Relays (12)
  • wss://bitcoiner.social/ – read & write
  • wss://nos.lol/ – read & write
  • wss://nostr-pub.wellorder.net/ – read & write
  • wss://nostr.bitcoiner.social/ – read & write
  • wss://nostr.mom/ – read & write
  • wss://nostr.oxtr.dev/ – read & write
  • wss://relay.damus.io/ – read & write
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  • wss://relay.noderunners.network – read & write
  • wss://relay.nostr.bg/ – read & write
  • wss://relay.primal.net – read & write
  • wss://premium.primal.net/ – read & write

Recent Notes

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I recorded with Peter Schiff. He thinks about gold the way we do about Bitcoin, and even recognizes gold's inherent inferiority with respect to self-custody.

His opinions on Bitcoin are trash, but his opinions on government, central banking and markets aren't too far off from what Bitcoiners believe.
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You know what drastically slowed its rate of growth in the 70's?

Energy production, from something like 9%/yr to 3.5%/yr.
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For free subscribers: Text still matters the most, Giving inheritance earlier than death, MLK Jr's liberation theology, Chesterton's Microscope, Looking at the past with envy, two more Core v. Knots podcasts and more!

For paid subscribers: BIP434, Kompactor, Signing Room, Blinded Paths, ZapFunder, AI vs Bitcoin Mining, BankToBTC and more!

#Bitcoin Tech Talk #485

https://jimmysong.substack.com/p/bitcoin-tech-talk-485
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I wouldn't get too excited about a new Fed chair. All of them become swamp creatures soon enough.
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The only way out is through. And that means hyperinflation, the chemotherapy that will exorcise the cancer.

Yes, people will suffer, but to quote Andrew Jackson:

“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.”

The suffering that is inevitable in this fiat Ponzi scheme is not something we can prevent and in any case is not our fault. What would be our fault is if we keep the scheme going and cause even more people to suffer.

You might not like it, but that's the reality.

@nevent1qvz...