Is Bitcoin a sound asset, or is one autistic billionaire buying a bunch enough to add 'a shit ton of risk' to it? Can't be both.

500 florins in 1481 equivalent to $80,000? More like four times that. People lived off a two dozen florins a year.

Why not both?

The money is broken. The few who have a surplus of it take refuge in assets. The many who don't have to trade more and more of their time for less and less. Unfortunately both are banal economic rationality and necessity respectively. Unfortunately, that makes it a tragedy that requires no bad actors. Fortunately, that makes it one we can solve together.

And on top of this trade-off, logic and cold hard analysis are just by themselves expensive in time and energy. It's almost a last resort if other heuristics don't point sufficiently to a conclusion. We need to actively remind ourselves to think and analyze before acting if we don't want to default to the shortcut (which to be fair we more than often probably do want to!)

Nutjobs speak freely on Nostr, and everyone can decide for themselves if they want to hear it. Great!

'bout tree fiddy

That's how anything that is powerful works. It eventually becomes popular among people you dislike. That's not a bad thing.