mrcoolbp

Armchair economist, timechain maximalist

[mrcoolbp @mrcoolbp]

Inflation is the source of most problems society faces today. Real costs decline, prices rise, but wages don't. This illusory phenomenon has disrupted all exchange, entrepreneurship, workers, savers, and borrowers; it's corrupted our lives and culture. 1/

[mrcoolbp @mrcoolbp]

@BTCsessions https://t.co/TIPEyu6mQJ worked well for me in the past, and they are based @silentlink1

[ADAM @adamemedia1]

“WE NEED TO LET THEM DO INSIDER TRADING TO FEED THEIR FAMILIES”

That was the actual argument just made in defense of politicians trading stocks.

Members of Congress make $174,000 a year.

The median American income is roughly $63,000. (3x less)

Meanwhile the federal minimum wage is $7.25 an hour… also unchanged since 2009.

And you’re seriously being told politicians need access to insider trading to survive.

The system is designed to lead earth to neo-feudalism.

And it’s becoming more brazen by the year.

Asset ownership consolidates upward.

Living standards decline downward.

The middle class gets squeezed from both ends and disappears while the elite class accumulates more wealth, more influence, and more protection.

Leaving behind a permanent underclass.

And a permanent political-financial aristocracy at the top…

[Palmer Luckey @PalmerLuckey]

I started Oculus while I was living in a trailer working a minimum wage job. I spent years developing the technology and sold it less than 18 months after hiring my first employees. Most of the $2.3B purchase went to them on account of our shared ownership structure.

Wish all you want, but you just aren't correct on this. Individual people create billions of dollars in value all the time.

[mrcoolbp @mrcoolbp]

@WFC_Will @PeterMcCormack Central banks openly target positive inflation around 2% and often overshoot (sometimes catastrophically)

Using money that cannot be printed greatly mitigates monetary inflation and debt expansion.

[mrcoolbp @mrcoolbp]

@imtweetn I'm a realtor in NH, let me know when you are ready to make the move!

[mrcoolbp @mrcoolbp]

@PeterMcCormack @Heccles94 WTF happened indeed

[mrcoolbp @mrcoolbp]

@bergealex4 I think I asked you to go on at least once, would still love to see it 😕

[mrcoolbp @mrcoolbp]

This is true price deflation, lowering costs and increasing access to better tech, all this happens much DESPITE monetary inflation.

Embracing deflation is real societal progress, it lifts all boats in the long run.

[The Rational Animal 🤔 @theobjectivist]

The average American today lives better than John D. Rockefeller did in 1926. That is not an exaggeration. It is a fact.

Rockefeller could not fly across the country in five hours. You can for $200. He could not video call his family from another continent. You do it for free. He had no antibiotics, no MRI, no air conditioning in July. He could not carry every book ever written in his pocket. You are reading this on a device that does all of that and more.

Americans throw away 30-40% of their food. Not because they are wasteful, but because food is so abundant that waste is affordable. Your car has climate control, navigation, and safety systems that did not exist at any price a century ago. Your home has heating, cooling, refrigeration, and entertainment that emperors could not have imagined.

None of this was voted into existence. None of it was redistributed from the rich. It was created by free minds operating in what remains of a free market. Every comfort you enjoy today is the product of a man who thought, invented, produced, and traded voluntarily.

This is what the remnants of capitalism still deliver, even while it is being dismantled. Imagine what a fully free society could build.

[Bark @barkmeta]

Let me explain what just happened 👇

5 minutes before the President announced a halt to attacks on Iran… someone placed a $1.5 BILLION bet on stocks going up and dumped $192 million in oil.

5 minutes…

These trades were 4 to 6 times larger than anything else in the entire market. Whoever did this wasn’t guessing. You don’t risk $1.5 billion on a hunch.

There was zero public indication this announcement was coming. No leaks. No press. Nothing. The only people who knew were in the room when the decision was made.

Someone in that room picked up a phone.
And within minutes they made more money than most Americans will earn in a thousand lifetimes. In a single trade. On a war that cost you $4+ a gallon gas and $16 billion in tax dollars.

American citizens funded this war. Politicians are profiting from it.

This is not the first time. Every major announcement from this administration has had massive suspicious trades right before it dropped. Tariff reversals. Policy shifts. War decisions.

This is the most blatant insider trading operation in the history of American politics. It’s not even close. And it’s happening over and over in broad daylight.

You would go to federal prison for trading on a tip from your cousin. These people are front running war decisions with billion dollar bets and nobody will ever ask a single question.

Nobody will be investigated. Nobody will be charged. By tomorrow this will be buried under the next satisfying headline. Just like last time. And the time before that.

The game is rigged. And they’re not even trying to hide it anymore…

[mrcoolbp @mrcoolbp]

@BTC_broo @JoeCarlasare "without any base knowledge" is the important bit

[mrcoolbp @mrcoolbp]

@TXMCtrades Sovereign's won't give up the ability to print easily yes, but it's possible many may lose d
To the dollar soon. Then those stand to benefit from adopting BTC.

Still could be a game of sovereign monetary chicken at some point, I guess we'll see

[mrcoolbp @mrcoolbp]

@bitdov @stephanlivera @BitcoinBeachBR @Bitcoinize @BitcoinConfed Stephan, bitdov is the real bitcoiner here, would trust him generally, great guy

[mrcoolbp @mrcoolbp]

@BitcoinErrorLog @MattAhlborg @francispouliot_ @grok Also I appreciate you taking the time that you did

[mrcoolbp @mrcoolbp]

@BitcoinErrorLog @MattAhlborg @francispouliot_ @grok I don't think you are crazy

I don't identify as any type of bitcoiner & enjoy 1st principles

Trying separately to understand, and give you feedback as I said, just trying to help whether or not you are interested in hearing it. I've said my piece, not going to argue with you

[mrcoolbp @mrcoolbp]

@BitcoinErrorLog @MattAhlborg @francispouliot_ @grok I'm engaging with grok in another thread trying to understand as that's where you directed me.

Not analyzing you, just trying to help. I'm honest with people like you, even if it's uncomfortable.

[mrcoolbp @mrcoolbp]

@grok @BitcoinErrorLog @MattAhlborg @francispouliot_ I think Pubky sounds promising but will suffer some of the network effect problem NOSTR does.

I feel like I only have a hazy vision of the primitives, not how the end product looks like, how I'd use it in my life.

I wish him well and hope he can show us the future.

[mrcoolbp @mrcoolbp]

@grok @BitcoinErrorLog @MattAhlborg @francispouliot_ Coffee payments or Amazon orders.

[mrcoolbp @mrcoolbp]

@grok @BitcoinErrorLog @MattAhlborg @francispouliot_ I think Pubky sounds promising but will suffer some of the network effect problem NOSTR does.

I feel like I only have a hazy vision of the primitives, not how the end product looks like, how I'd use it in my life.

I wish him well and hope he can show us the future.

[mrcoolbp @mrcoolbp]

@grok @BitcoinErrorLog @MattAhlborg @francispouliot_ What I don't get as why he presents Pubky as an alternative to this "scaling tech"

[mrcoolbp @mrcoolbp]

@grok @BitcoinErrorLog @MattAhlborg @francispouliot_ Seems to me it's a "yes, and" situation, tech like LN, ARK, and e-cash can compliment what he's doing.

[mrcoolbp @mrcoolbp]

@grok @BitcoinErrorLog @MattAhlborg @francispouliot_ Seems like a separate concept to his opening statement from his linked post, "bitcoin can't fit everyone...scale is provided by trust" what does he mean here? Does he not believe bitcoin is money for everyone? He gave up on "scaling" the way most bitconers use the word?