For decades (since 1971) governments capitalized on the hack that you never default on the debt of their self-issued currency. Now governments are discovering you can buy finite Bitcoin with a potential infinite amount self-issued currency. If you know your sovereign self-issued currency is going up in… Tim Bouma Dec 18, 2024, 1:04 PM
‘zapping digital gold dust over the internet’ is the best thing I’ve heard since ‘AI is the fungus of the internet.’… Tim Bouma Dec 18, 2024, 12:57 PM
mmt #MMT was born out of the insight that if you issue debt in your own currency, you have no worries about paying it off, because you simply issue more currency. Of course you need to worry about inflation (the capacity of your real economy to absorb this newly-issued currency) Tim Bouma Dec 18, 2024, 12:51 PM
It’s worth remembering that all governments are just a temporary part of a much larger decentralized marketplace.… Tim Bouma Dec 18, 2024, 12:16 PM
The greatest assurance of Bitcoin is that it can exist despite the legal system. That doesn’t mean that it’s illegal, rather that the legal system must adapt to Bitcoin versus the other way around.… Tim Bouma Dec 18, 2024, 12:09 PM
chatgpt Courtesy #ChatGPT The internet as we know it became dominant in the late 1990s, but before its widespread adoption, there were several other network systems and technologies that served similar purposes or competed in the realm of communication, information sharing, and connectivity. Here are some notable examples: Private Networks and… Tim Bouma Dec 18, 2024, 12:04 PM
Imagine mining back in 2009 and someone one telling you that you’d be making the equivalent $5M every 10 minutes in 2024 US dollars.… Tim Bouma Dec 18, 2024, 12:01 PM
