Trustless Trainee

Advocate 4 The Bitcoin Way 🌹I Unlocking self-custody & Bitcoin's potential. Financial Sovereignty Helpdesk 🛎 DMs open to get started or follow link here: 👇

[Trustless Trainee @MvpTimechain]

"Everything on top..." to save everything worth saving #btc

[TIP_NZ @tip_nz]

#Bitcoin creates its own reality

[Trustless Trainee @MvpTimechain]

@BitcoinBombadil @stephanlivera What I would give for transparency eg. Proof of Incentives…

#TrustisVulnerability

[Trustless Trainee @MvpTimechain]

@loogart @start9labs @melvincarvalho @cguida6 Struggling to understand why you have reposted a shitcoin post? 🧐

[Trustless Trainee @MvpTimechain]

🤝

[The ₿itcoin Therapist @TheBTCTherapist]

$180,000 by EOY seems conservative.

[Matthew R. Kratter #BIP-110 @mattkratter]

Hey @jespow when Kraken upgrades to Bitcoin Core 30, will you be relaying large unconfirmed op return transactions that contain CSAM, or will you move the mempool setting back to 80 bytes? Or will you run Bitcoin Knots instead?

[Matthew R. Kratter #BIP-110 @mattkratter]

Hey @Gemini when you upgrade to Bitcoin Core 30, will you be relaying large unconfirmed op return transactions that contain CSAM, or will you move the mempool setting back to 80 bytes? Or will you run Bitcoin Knots instead?

[Matthew R. Kratter #BIP-110 @mattkratter]

Hey @brian_armstrong when you upgrade Coinbase to Bitcoin Core 30, will you be relaying large unconfirmed op return transactions that contain CSAM, or will you move the mempool setting back to 80 bytes? Or will you run Bitcoin Knots instead?

[Trustless Trainee @MvpTimechain]

Just finished ‘Dopesick’ with @MichaelKeaton h/t 🫡

Well worth a watch 🙌

#FiatIncentives #Profitb4People

[Trustless Trainee @MvpTimechain]

"I know you've taken $855,000 from pharma companies!" - @RobertKennedyJr

RFK Jr objective, courageous & honourable…am inspired by you 🫡

@SenWarren parasitic, disingenuous & deplorable 😶

@RustinPeace_SB ✌️

[Rustin Peace 丰 📰 🎙 @RustinPeace_SB]

HEY LIZ

[Trustless Trainee @MvpTimechain]

👀🤦‍♂️

[Caitlin Long 🔑⚡️🟠 @CaitlinLong_]

😂 -- the hypocrisy knows no bounds!

[₿itcoin ₿ombadil @BitcoinBombadil]

@AntePurgatorio It’s rare to see such intellectual honesty in the world today… stunning & brave.🤣

I too have decided to stop using Coffee filters after a long chat with the Bitcoin School of Anti-Filtration.🤡

[The Excommunicate ⚡️ @AntePurgatorio]

I've stopped using filters for my drip coffee.

There is definitve proof that grounds sometimes end up in the coffee, so I've concluded filters dont work.

[Chris @MVPSportsFlash]

Awesome product @start9labs 🫡phenomenal team @Thebitcoinway_ 🙌
The perfect combo to take your savings, privacy & security seriously 🤓

Own your money AND own your own data…become a sovereign individual 🐾

#btc #HonestMoney #start9 #SovereignComputing #OpenSource #Trustless

[allen farrington @allenf32]

here's an implication of the insight around deflation alluded to in the quote tweet that is relatively easy to wrap your head around (the core is a bit more involved and we are tinkering with how to present it):

take as your starting assumption that you do in fact need inflation to "stimulate the economy": that extending artificial credit to entrepreneurs spurs them to make investments they wouldn't otherwise be suitably incentivised to make, growing the economy to the benefit of all, and that the increase in the money supply this requires is net worth it because otherwise this growth wouldn't have happened.

okay, so what is the point of these investments and what are the consequences? well, any investment creates capital that enhances labour productivity and allows us to create more outputs with the same or fewer inputs. if you don't achieve this, you aren't "investing" in the first place, you are larping, consuming capital.

"more outputs with the same or fewer inputs" implies prices going down as the successful "investors" lower prices, take market share, and on their new and improved cost structure, still boost their own returns.

you could imagine this logic being strung together along the following lines: yes, the money supply went up and your share of total purchasing power went down, but our productive capacity went up by *more* so it was all worth it.

that's in terms of the aggregate of money and capital. what about in terms of prices?

more money is chasing goods on the market, putting upwards pressure on prices, but there are more goods on the market than there is more money, so the net effect is still that prices fall.

if you follow this logic you cannot fail to recognize that this *cannot fail to be true*. if prices stay flat, the investment triggered by artificial credit has achieved nothing. if prices go up, it has been a net negative: you could even argue this provides a diagnostic test of "capital misallocation".

so to get to the punchline, even if you take the illiterate Keynesian trope of "stimulating thecomony" seriously, you can still reason logically about what evidence would need to exist to justify the actions it recommends.

and if you do that, you find that it NEVER EVER EXISTS IN ECONOMIC REALITY. all the fiat keynesian stimulus in the world has only ever caused prices to go up. it has never, not once in recorded history, caused a provable improvement in capital allocation (the proof being price deflation, per the logic just outlined).

what happens instead is the following sleight of hand: they present the above logic but tactically switch out "money supply" and "price level" as what they mean by "inflation" when the argument would otherwise collapse on itself. it goes like this:

"we need inflation to stimulate economic growth. people invest with the new money and GDP goes up. prices also go up, but that's okay because we need inflation to stimulate economic growth."

see what they did there? they tricked you into missing that even if you believe their batshit crazy premises, just for the sake of argument, their logic is still demonstrably unsound.

in summary:

price inflation following money supply inflation is *proof* that the money supply inflation triggered capital misallocation. by an asinine measure like "GDP", "the economy" "grew", but prices going up is incontrovertible evidence that your purchasing power has been stolen from by more than this "growth".

if their argument made any sense, you would still expect price deflation. but it doesn't, so you don't.

[Robert ₿reedlove @Breedlove22]

Is your spidey sense tingling yet?

[Trustless Trainee @MvpTimechain]

@LightningNewsX @r0ckstardev @NicolasDorier @KristianCsep @BtcpayServer Fixing the trust in fiat fiasco 🙃

[Trustless Trainee @MvpTimechain]

Just In: New £ GBP all time high (in nominal terms only 🤷🏻‍♂️)

Live monetary debasement (or loss of our purchasing power) in action 📉

#ProtectYourself #btc #DCA2SC

[Trustless Trainee @MvpTimechain]

…all other monies will fold 🤷‍♂️
It’s inevitable so I’m told 🤓👇
So do your own research before you get old 💡

#dyor #innevitable #btconly

https://t.co/M8FPF7WEvN

[Ioni Appelberg @IoniAppelberg]

You can’t scale gold without making promises you can’t hold.

Bitcoin is the only money to ever be secure, decentralized and scalable.

[Trustless Trainee @MvpTimechain]

Step 1 in becoming a rational saver

#Bitcoinnotcrypto

[Stephan Livera @stephanlivera]

Bitcoin, Not Crypto

[Trustless Trainee @MvpTimechain]

🧐 Research Request 🧐🙏

Are @Vanguard_Group, @BlackRock & @Fidelity exploiting Payment for Order Flow (PFOF) by frontrunning @Bitstamp (now owned by @RobinhoodApp) orders via brokerage/market making forms that also own?

#ScammersPlaybook #PFOF #ExposetheFraud

[AQUA Wallet @AquaBitcoin]

.@Excellion and @r0ckstardev are introducing the all-new SamRock Protocol! ☘️

Now you can seamlessly connect @BtcpayServer with your AQUA Wallet to receive invoice payments directly into self-custody. 🔐

This enables complete control with zero compromises. 🐬🗣️