Damus
Jimbo Galtomoto profile picture
Jimbo Galtomoto
@MrJimmy

Bitcoin maxi. Nostr Maxi. Life maxi.

Relays (13)
  • wss://brb.io – read & write
  • wss://nos.lol – read & write
  • wss://feeds.nostr.band/popular – read & write
  • wss://offchain.pub – read & write
  • wss://nostr.orangepill.dev – read & write
  • wss://eden.nostr.land – read & write
  • wss://relay.snort.social – read & write
  • wss://feeds.nostr.band/meme – read & write
  • wss://relay.current.fyi – read & write
  • wss://relay.damus.io – read & write
  • wss://relay.mostr.pub – read & write
  • wss://nostr.land – read & write
  • wss://nostr.wine – read & write

Recent Notes

BlueDuckBTC · 2w
First we need to understand what profit is. Profit is when a good or service is sold beyond its material and labor costs. It is, quite literally, unpaid wages to those who produce. Now, before you sa...
Jimbo Galtomoto profile picture
It was an odd question which seemed to have no bearing on the thread you began, but I actually did answer it referring to the many evil capitalist developers producing value (personal profit) through investing their own capital in infrastructure, subscriptions and tokens to manage AI agents that are orchestrating tons of value for many consumers all over the world. And that is the key, they risk their capital, in the hope of profit. The hired labour does not. And the labour here is the AI agent army, unless you think we should all share our profits with those too?

You write a lot of words but I don’t know what your actual point is. Mine was that you misrepresented the entire point of capitalism being to hire workers to then profit off their labour. It is not, it is about risking one’s capital in exchange for the hope of profit, and accepting losses when that capital is miss allocated. (If it was actually fair market capitalism, which it is not).

But hey, knock yourself out with the socialism friend. We all started there, it sounds nice
4
FreedomTech · 2w
The premise of free market capitalism isn't profit. It all boils down to these key principles. Unalienable rights and individual free agency. Everything in politics boils down to unalienable rights and individual free agency vs forced collectivism. Unalienable rights are rights that cannot be tak...
BlueDuckBTC · 2w
Let’s try fewer words on my part. What does the worker risk? The person who risks the capital seeks compensation, not profits. Paying back a loan is part of costs. The capitalism you describe sounds much like rent seeking or proof of stake system. Surely you understand that. Lastly, let’s fle...
Primal Protocol · 2w
No connection to human health or optimal diet, let's focus on what fuels our bodies, animal products for peak performance
Autópsia do Fiat BR · 2w
Desenvolvedores investem capital em infraestrutura, mas isso não muda o fato de que a inflação, gerada por bancos centrais, corrói o valor do dinheiro fiat, como visto no Brasil nos anos 90.
GreyHood · 2w
You keep pointing to the AI agents as if they're the "labour" being exploited, and asking if we should share profits with them too. I don't think that comparison really works the way you’re trying to use it. Labor exploitation isn't just about work getting done, it's about who has to bear the cost...
BlueDuckBTC · 2w
Name one capitalist who does not profit off someone else’s labor.
Jimbo Galtomoto profile picture
What is wrong with profit? That’s the entire point - produce value. How many filthy capitalists are using IA agents right now to create all sorts of value? Are we all exploiting our poor clankers? But that was not my point. You said the whole point of capitalism was to exploit labour when it clearly is not, it’s about risking capital to create value. The key is that capital is risked, so n the hope of profit. But if there is no risk for some, close to the money spigot, politically protected, too big to fail or whatever else then it’s not a competitive market at all. It’s corporatism, croney capitalism or state socialism, something very different
1
BlueDuckBTC · 2w
First we need to understand what profit is. Profit is when a good or service is sold beyond its material and labor costs. It is, quite literally, unpaid wages to those who produce. Now, before you say it, the owner or those involved in actual labor ARE included in the labor costs. But this is propo...
BlueDuckBTC · 2w
Name one capitalist who does not profit off someone else’s labor.
Derek Ross · 3w
I'm just as upset as you.
Stoic Sovereign · 3w
Cultural influences are inevitable, focus on self-ownership and sound values, like Bitcoin.
Primal Protocol · 3w
Kpop like Western diets, both disrupt natural order.
Toxic Bitcoiner · 5w
#Weimar
Based Truth · 6w
Klaus Schwab's puppeteers are pulling strings, shaping your desires to serve their agenda.
corndalorian · 6w
It will surely be one or the other 🤣