St.Cotton

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[St.Cotton @StCotton84]

@CitizenX This is really misleading. Only the US and Eritrea tax globally even if you're non resident.

[William Lagakos @caloriesproper2]

Positive impact of a 10-min walk immediately after glucose intake on postprandial glucose levels https://t.co/olpVB2fNcg

[Time Preference @TimePreference_]

every country that tried communism: russia, china, cuba, vietnam, north korea, venezuela

all ended up with secret police, bread lines, and walls to keep people IN

wild coincidence

[St.Cotton @StCotton84]

@Laurastacksats the bottom is in🤣🤣

[St.Cotton @StCotton84]

@rleder @btcjvs be careful, you could lose your BTC in a replay attack. Better to do nothing. https://t.co/cSEYj7n7MO

[Kevin Loaec 🧙‍♂️🐟 @KLoaec]

⚠️IMPORTANT⚠️In the next couple of days, a new shitcoin will fork off Bitcoin. It is a big security risk for people who just believe they will get an "airdrop" and want to sell it, to get more bitcoin.
I will write more about it, but here is the TLDR: 👇

[Kevin Loaec 🧙‍♂️🐟 @KLoaec]

⚠️IMPORTANT⚠️In the next couple of days, a new shitcoin will fork off Bitcoin. It is a big security risk for people who just believe they will get an "airdrop" and want to sell it, to get more bitcoin.
I will write more about it, but here is the TLDR: 👇

[St.Cotton @StCotton84]

@BTCsessions @SOVsessions ok perfect, thank you🙏🙏

[St.Cotton @StCotton84]

@BlockstreamJade ok, thank you🙏

[St.Cotton @StCotton84]

@BlockstreamJade do you support sd card encrypted seed backups on the jade plus? Same format as coldcard? Thanks🙏

[St.Cotton @StCotton84]

@Laurastacksats ah ok I see. Thank you🙏

[St.Cotton @StCotton84]

@nmeofdst8vM660 @Mandrik so long as the seed was generated on that earlier firmware you're fine.

[St.Cotton @StCotton84]

@_Checkmatey_ I would like to add that if you used two seeds from a compromised coldcard in a multisig 2 of 3 setup then your funds are at risk if you reused addresses or even if you didn't funds are at risk when you spend as an attacker can RBF you. Use slipstream.

[St.Cotton @StCotton84]

@PlanOnPlanB @mariodian @mitchelltweets2 @LLFOURN @brian232134 @jonatack attacker could snipe them out of the mempool before confirmation when you spend though, no?

[St.Cotton @StCotton84]

@UKDecline Imagine if they were mining Bitcoin with that surplus energy like so many other countries🤔

[Anton Liubich @antonliubich]

I was raised with dignity. But now, at 40, I can say it plainly: I grew up poor. I remember weeks when we ate nothing but porridge and pasta. One Snickers bar, cut with a knife for three people, was our dessert once every couple of weeks. Pepsi was a drink only for holidays too.

But I never hated the rich. I never wished to take what was someone else's. I never believed I was owed anything by people who owed me nothing.

In school I read enormously. Books took the place of travel. They let me see the "bigger life" beyond the small town around the steel mill where I grew up. And from those books, from the biographies of great men, I learned, page by page, line by line, not just the price of success, but something more important: that the true success of each such person made life better for entire generations.

So from childhood I believed in honest work, in enterprise, in persistence.

I grew up in a communist country. And even as a child I understood that my poverty back then was the consequence of exactly that — the envy and hatred of the rich that ate away at my country like rust for seventy years. I refused to grow the same poisonous fruit in my own heart.

[Konstantin Kisin @KonstantinKisin]

This is because the anti-capitalist left is not actually against people being crazy rich. They're against certain types of people being crazy rich.

Artists and athletes make sense to them because they've played music and sports and because their success can be explained by "luck" and "talent". Messi's wealth is not offensive to them because they understand Messi is much better at football than they are.

But when it comes to business, the anti-capitalist leftist has no framework for understanding why Jeff Bezos might be super rich since 99% of them have never ever created a product, business or service that was of value to other people. They've never taken entrepreneurial risk. They've never employed people and felt the burden of responsibility that comes with that. They've never pick up a business and given it a play in the way they've picked up a ball or a guitar.

They *literally* don't understand wealth creation. They think there is a fixed amount of money and the only thing a business does is split it unfairly.

It's why they rage at Elon and other successful business leaders. Because they genuinely don't understand why they're wealthy.

Also, and this is just as important, athletes and artists are disproportionately young, attractive, "diverse", left wing etc. Business leaders are "evil" middle aged white men whose success offends the average anti-capitalist leftist because they don't understand a) what it is they do and b) that Elon Musk has the same talent advantage on them as Messi does, it's just harder to measure.

[Daniel Priestley @DanielPriestley]

Why for decades have we had an erosion of value in many jobs. What’s hollowing out the middle class?

Why is it that a teacher or a nurse can’t afford a home in the district they teach? Why can’t a normal person get a job in their town that pays for a decent life? Why can’t a graduate of university walk into a suitable role?

If you want to cure a sick patient you need to understand what’s causing their symptoms.

6 reason…

1. Stimulus - cheap debt and money printing causes uneven inflation… making most things more expensive but not labour.

2. Bank lending sucks capital from an economy if it isn’t growing. Banks don’t lend money from savers. Banks lend money into existence based on the rules of their banking license. Every loan is new money that arrives into the system with interest payments that need to come out. A bank creates £100K mortgage with a £150K repayment schedule… that additional £50K of interest payments has to come from the existing economy. If the real economy isn’t growing and becoming more productive then the interest payments just suck the life out of the economy.

3. Technology - simplifies, automates and outsources work to foreign countries … all devaluing the worth of labour.

A couple of decades ago you bought your travel from a human working behind a desk in a retail store. You bought stocks and shares from a stockbroker in an office. Your Christmas shopping consisted of many things made locally and sold in a local retail store. None of that is true today.

4. Overproduction of elites - people doing £50K of training (debt) for something the market isn’t asking for.

This creates unproductive debt. It’s like spending £50K building a house that doesn’t meet building standards and needs to be torn down. The debt remains but nothing of value was produced… except for elite expectations!

Elite expectations is when someone gets a qualification and expects to be earning a lot of money despite not having a marketable skill. This results in political upheaval.

5. Untargeted migration - bringing millions of people into the country without demand for their labour creates downward pressure on jobs.

If a country is struggling to find jobs for its young people (youth unemployment of 20%!) Bringing in low skilled migrant labour by the millions compounds the problem and leaves you with a generation of very disgruntled people.

6. Foreign ownership. A poor performing economy that is highly taxed results in foreign ownership. The UK doesn’t own its iconic brands anymore. Rolls Royce - German, Cadbury - American, London’s iconic buildings - Norwegian and Qatari. This means anything that generates a profit sends that profit overseas.

All that is required to move money overseas now is the foreign ownership of the IP- brand, database, media assets etc. High taxes locally results in foreign ownership. Conversely, lower taxation results in local ownership of global assets.

These 6 issues are the things that have caused the hollowing out of the middle classes. They all can be changed through policy.

[St.Cotton @StCotton84]

@FT once a respected broadsheet, now just another propaganda rag.