xcsler_returns

AnCap
Bitcoin Class of 2012
'Exit' is greater than 'Voice'.

[xcsler_returns @xcsler]

One of my favorites!

[Popdworks @PopDworks]

“Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber barons cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience”

-c.s. Lewis

[xcsler_returns @xcsler]

@fiat_money @RealMacroEcon @jbhearn What happens is the Treasury needs funding no matter what and the banks and Fed make sure it happens with the banks making their profits as a pass through when necessary. Wake up.

[xcsler_returns @xcsler]

@TheBTCTherapist So? Early adopters are selling a portion of their stash of 18 million coins.

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@kurtwuckertjr Maybe the bunk proofs provide CSW with plausible deniability given that he never wanted to be outed as Satoshi?

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@nntaleb BTC maxis are often confused. Decentralization is a means not an end. The question is how much decentralization is required to maintain censorship resistance?

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@GordonJohnson19 Totally incorrect. Please educate yourself. I'd start with either https://t.co/xLceuTqhTO or with some easy Rothbard stuff.

[xcsler_returns @xcsler]

@BenjaminPDixon Lol, no.

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@theobjectivist They are insane.

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@policytensor Which crypto did the Treasury seize and where was that crypto being stored?

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@tonyannett He's correct...https://t.co/m8Orbnbq5u

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@FloridaHeritage @TFTC21 No, she might just be that stupid.

[xcsler_returns @xcsler]

@RealMacroEcon @jbhearn @fiat_money If you sell your treasuries to the private sector that's fine but selling to the Fed who is price insensitive and conjures up reserves out of thin air is another matter. Remember the Fed doesn't operate with constraints like a household.

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@victoreejones @TheGuySwann We're two different species at this point.

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@RealMacroEcon @jbhearn @fiat_money Yes, they're toxic because no one in the private sector would buy them at a high enough price. That's why the Fed had to step in.

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@RealMacroEcon @jbhearn @fiat_money Whatevs. Fed creates reserves to settle transactions with banks for their crappy toxic assets. Happy?

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@AdamSimecka @McDonaghMatthew @SimplyBitcoin How do you envision BTC being used as an MoE with its current block size constraint?

[xcsler_returns @xcsler]

@AdamSimecka @McDonaghMatthew @SimplyBitcoin Well that certainly wasn't my implication.

I merely meant that over the past 15 years BTC has functioned as a SoV with limited MoE utility. I fully endorse BTC being used as an MoE for as many txs as possible.

[xcsler_returns @xcsler]

@fiat_money Temporary how?

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@AdamSimecka @McDonaghMatthew @SimplyBitcoin How is this not a non-sequitur?

[xcsler_returns @xcsler]

@fiat_money The title of your chart "The govt is always financed by the central bank." In other words, fiscal injections require financing by the central bank and expansion of CB balance sheets.

https://t.co/jfUKtTdBwX

[fiat money @fiat_money]

@xcsler Central bank balance sheet increase is a swap. Don’t mix it with fiscal injections

[xcsler_returns @xcsler]

@AdamSimecka @McDonaghMatthew @SimplyBitcoin What's up with the non-sequitur?