Damus

Recent Notes

Harpo · 1d
because they wanna do just that and a bunch of other things (many of which already succeeded beyond belif) in the wide space down the road? I mean I would hold Bitcoin if I wanted to do that... I hold it because I wanna do other things in my life. Its treasury. Its hedge against inflation. Everyone...
Bitcoinbonden · 1w
I dont dont have any enemies (anymore).
utxo the webmaster 🧑‍💻 · 1w
Thinking of downgrading my nice car for a basic Toyota hybrid to stack more sats, any objections? Nice car not helping me with the ladies anyway so might as well stack for the fellaz
Farside profile picture
Nice cars are a trap, and the only benefit they really provide is to your ego. Which in the long run is no benefit at all.

Get something modest that blends in with the crowd. Run it into the ground.

Live like a gray man, and use the fruit of your labor to build something that has real value.
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SteveW928 · 1w
Well, or you're a car-person/driver type, and derive enjoyment from a particular type of vehicle and how it drives. That's the only good reason... it actually provides appropriate value to you. Maybe a compete beater has certain social-status costs. But, you can get a perfectly nice and reliable c...
note1a4vn6...
Farside profile picture
I think it very much depends on the personality.

A coworker almost killed themselves choking on food recently (felt the blockage, and left the building through a fire exit when the gag reflex started because they didn't want to vomit on the carpet). The door locked behind them and they were all alone when the blockage slipped down and cut off their air supply.

They managed to clear the blockage just as they were losing consciousness, but the close call has been haunting them. Their personality type has them dwelling on what could have been.

It a distinctive difference in personalities who participate in risk taking past times or jobs. They have near misses and close calls regularly, but they don't dwell on them, or even necessarily remember them until someone else reminds them.

If you've had a traumatic event and you're having dreams about it, it's your brain (and subconscious mind) processing the trauma. This sounds cheesy, but as soon as you wake up after one such dream, state out loud "I survived that, and I'm OK".

Your subconscious mind hears and processes everything. It's a very powerful bio-programming technique when you learn how to communicate effectively with your subconscious.
note12vrsw...
Farside profile picture
Historically (there are multiple instances of fiat currency collapse) is happens very slowly, and then all of a sudden it happens fast. Historical accounts show something like this happens:

Moves are made by the government to prevent the use of alternative forms of payment (black markets). They use preventing criminal activity to sell this to the people.

Withdrawl and then transaction limits are imposed on accounts. Again in the name of preventing criminal activity.

Contagion starts in the inter-bank lending space, where one bank won't lend to another because they don't trust the other bank will be solvent enough to pay back the loan.

Central bank steps in to provide the bridging liquidity. This triggers private investment funds and offshore sovereign wealth funds to start moving capital out of that nation. They have to move slowly in order to keep the system stable while they extract their investments.

Central banks issue more currency to offset the fleeing capital. Government uses nationalization of key assets as a public good to cover the central bank activities.

Foreign investors stop purchasing treasury bonds due to the risk. Bond interest rates rise accordingly. Interest payable on outstanding government debt increases proportionally until it exceeds their ability to make the minimum interest payments. So they default.

No foreign country will export to a defaulting nation because the commodities contracts likely won't be honored.

This hits the real world in the form of things like fuel and food shortages. Banks impose further transactional limits that impact the ability for business to make payroll.

At this point the general public gets uneasy.

The leader of the country almost always goes on live TV / radio and announces everything is just fine and this is a temporary situation.
10 days to 2 weeks later the banks close at the end of day Friday, and don't open for business on the Monday. Internet banking is offline over the weekend.

On Monday the government announces that all physical currency is no longer valid, that a new currency is being issued and people have x weeks to exchange old for new at some ratio that is in the order of 10:1 or even 100:1. All electronic funds automatically adjust.

In countries that have bail-in laws, there is a depositor tax levied on all balances. Between 25 and 50%.

World bank typically is the lender of last resort to restart the economy, and the government sells off the previously nationalized assets to private foreign owners at pennies on the dollar.

Retail bank deposits are revalued downward, yet retail debt is not. This is how the people get skinned alive.