Damus
freethinkingperson profile picture
freethinkingperson
@freethinkingperson

likes: Bitcoin, Family, Guns, God, Gold, Liberty, Respect of Right to Property, U.S. Constitution. dislikes: authoritarian intervention in everything, abuse of discretion, censorship. Past experience includes international development in a few countries, helping to completely retool the corporate onboarding process for a major exchange, and developing business strategy and forward thinking global regulatory strategy for one of the largest exchanges by 24-hour volume in the world, and still keeping the mind busy with strategy all the time.

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Recent Notes

ODELL · 28w
i expect the rise of ai will result in massive job loss, increased economic inequality, more big tech surveillance and control - all of which leads to societal conflict on the bright side, open sourc...
freethinkingperson profile picture
The positive potential / outcome assumes we can put in place systems / guardrails that ensure the tools are actually being used for benefit of humans. It's the AI 2027 analysis but with the potential introduced for us to come to our senses and do something positive for each other as a fundamental and core part of this exercise.
gladstein · 67w
A “Mandibles then Bitcoin Standard” nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx special https://image.nostr.build/f6e4a8a41794b719a247125178207eb299dc21519582639ab504593...
freethinkingperson profile picture
How is this surprising?

Many years ago under different administration(s) anyone could have asked, based on whatever the then current level of U.S. national debt to GDP, what year did they think the federal government of the U.S.A. might end up at around 120 percent, ending up numerically where Greece was at in 2008 when PIMCO pulled the plug on investments? That is, when people in Greece were starving and jumping off buildings? Granted that is NOT what is happening now in many parts of the USA (though in some parts people are economically disadvantaged, starving, in communities with serious addiction problems, etc).

But my point is we didn't ask this sort of question enough. Four years ago, per Trading Economics said, “Government Debt to GDP in the United States is expected to reach 120.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Gross Federal Debt to GDP is projected to trend around 125.00 percent in 2021 and 122.00 percent in 2022, according to our econometric models.” But it turned out those figures were too optimistic! We exceeded those figures before then. Look at the money printing machine go!

The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. It's only going up from here, along with the overall M2 and the value of bitcoin.
cryptoshi2k21.bitcoin · 69w
I second your Apple comment as they'll destroy competition they face and people with that destruction
cypherhoodlum🏴‍☠️ · 100w
Tis but a clear whisper