Roy Sebag

Founder @Goldmoney | @Mene | Natural Philosophy

[Roy Sebag @roysebag]

@nic_carter This is a great paper. Bravo Nic!

[Roy Sebag @roysebag]

@HourOptions @MattStirner @milessuter @RussellOkung @OPENDIME @mene As Munger used to say: "I have nothing to add".

[Roy Sebag @roysebag]

@elonmusk @waitbutwhy The search for truth is not a matter of magnitudes.

[Roy Sebag @roysebag]

@milessuter @RussellOkung @OPENDIME @mene We’d be delighted to. We can offer our chains and even design a 24k holder for the bitcoin drive.

[Roy Sebag @roysebag]

@Goldmatters_ This has been one of the fastest selling product lines we’ve ever had. We will be restocking soon. Mene demand is strong. Beautiful to see.

[Roy Sebag @roysebag]

@nic_carter I was thinking of the same song today. Brad nowell captures the essence of rioting with those lyrics.

[Roy Sebag @roysebag]

@PresentWitness_ Digital = fiat. Nothing new under the sun.

[Roy Sebag @roysebag]

@JSMilbank This is absolutely correct. Any apparent technological progress can be better explained as an increase in energy consumption per capita.

[Roy Sebag @roysebag]

@scwilliamson24 @CodyMurrell @Goldmatters_ @mene @reneewei @Goldmoney @JoshCrumb Covid slowing everything down... We'll have it up as soon as we can. Business is running great.

[Roy Sebag @roysebag]

@g_hodl @mikejcasey @nic_carter @CoinDesk That a piece of software consumes itself and the energy resources of its community as it scales. This is a tax on economic resources no different than fiat money but perhaps worse because it’s disrupting the flow of energy to primary industries.

[Roy Sebag @roysebag]

@PresentWitness_ @mwilcox What they fear most is a reversion to real economic activity. Local, physical, decentralized which rewards patience with merit, toil with leisure. They’ve spent the last 30 years constructing a modern serfdom predicated on debt based consumption and service/digital worship.

[Roy Sebag @roysebag]

@russmonk @CMcgarraugh @QUEWB @mnicoletos @DTAPCAP I disagree. Scarcity reflects not just an elements crustal abundance but all unique properties relative to other elements and the potential usefulness of said properties at any future point in time. S2F disregards all of this and focuses on the Annual supply only.

[Roy Sebag @roysebag]

@russmonk @CMcgarraugh @QUEWB @mnicoletos @DTAPCAP Bitcoin is a service for transmitting and securing information online. The argument for its value rising should focus on why that utility will be worth more in real economic activity in the future. Brand? First mover? Best technology? That’s the only argument that can be pursued.

[Roy Sebag @roysebag]

@CMcgarraugh @QUEWB @mnicoletos @DTAPCAP Rushing to find new ways to argue for bitcoin has led the community to botch the entire Austrian tradition and now argue that a service economy is higher in order or, worse, causes the real economy. This is not sound money. This is fiat.

[Roy Sebag @roysebag]

@CMcgarraugh @QUEWB @mnicoletos @DTAPCAP One cannot disregard all the incidental features which make an element unique and assume there is only one reason which makes it valuable. Within the natural world, an object at hand (made-up of elements) provides different individuals w/ unpredictable optionality/usefulness

[Roy Sebag @roysebag]

@BobSweeney37 @saifedean @ValueOfBitcoin Prove it by consuming services without physical goods. You may call something immaterial a good, but you will not be able to explain how an immaterial service can be traded for the goods you need repeatedly and according to first principles. The fundamental laws of cooperation.

[Roy Sebag @roysebag]

@spomboy @paulraymondz @bondstrategist Because gold measures the real economy not illusory economy. People forget that hyper inflations destroy most industries and that only those resilient industries survive in any reset with the same purchasing power. Nobody (Including gold owners) gets rich in hyperinflation.