Sound Money

I'm a #Bitcoin maximalist (today more than ever, whatever the date of today)
#Anarchocapitalism / #Austrian Economics / Philosophy / Novelist

Public Key

npub1sg0j78carjndmg7qjfstk2y0e23r5cvxwn3u9z5cgnk5jnh4vxqs355u3l

NIP-05 Address

jsm@nostrcheck.me

Profile Code

nprofile1qqsgy8e0ruw3efka50qfyc9m9z8u4g36vxr8fc7z32vyfm2ffm6krqgpp4mhxue69uhkummn9ekx7mqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdujsawnn

Publishing to

nos.lol

relay.damus.io

Author Public Key

npub1sg0j78carjndmg7qjfstk2y0e23r5cvxwn3u9z5cgnk5jnh4vxqs355u3l

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Last Notes

2024-09-19 09:45:40

What Bitcoin means to each person is subjective, of course. But whatever it is, the success of Bitcoin lies in the fact that the vast majority of those who approach Bitcoin never turn away.

2024-09-18 15:59:34

Solo hay una cosa que no me gusta de Nostr. El color magenta podemita/feministoide. ,👇
https://image.nostr.build/378a5b83c9d6d94f694f11107c7cd1f9bf1bd52739b9cdd3c045686d040cbdd8.jpg

2024-09-18 13:23:24

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IMO, it is a medium to save time

2024-09-14 14:54:13

In the end everything ends well. And if it doesn't end well, it's not the end.
Bitcoin fixes this

2024-09-12 04:09:16

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I was woken up by a dream and the heat, but I went to sleep late, so after seeing that Bitcoin has not gone to zero and some interesting articles like the latest one from Marty Bent, I go back to bed.

2024-09-12 03:53:04

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OMG, hard work or insomnia? Or both?

2024-09-12 03:40:12

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GM, are you crazy or what? Don't you sleep? 💤

2024-09-11 13:21:40

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I agree with you on this too.
As for the timing, I prefer not to make predictions...

2024-09-11 13:19:53

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Thank you for your reply. I also think that BTC will be widely used as a store of value (SoV). I'm just saying that this use as SoV arises on the basis of BTC being an MoE, that is, on the basis of its liquidity and ease of exchange. Furthermore, I'm saying that this use as SoV is only a use as a MoE deferred over time. If Bitcoin were not an MoE, that is, if it were not liquid and it were difficult to exchange at economic prices (as Menger would say), it would not be used as a SoV. Of course, I agree with you that the current use as a MoE is still small.

2024-09-10 10:55:27

On the relative importance of privacy in Bitcoin 👇
Bitcoin is a medium of exchange. That is, a good that everyone can easily buy on the market and that is used to a greater or lesser extent in indirect exchange. By definition, Bitcoin is not yet money, since its use as a medium of exchange has not become widespread. However, outside of academia or formal scientific debates, there is no problem in referring to Bitcoin as money. Bitcoin is potentially money, and because of its status as a medium of exchange, the laws of indirect exchange and money fully apply to it.
Those of us who use Bitcoin as a medium of exchange tend to think that transaction privacy is an important issue. And, fortunately, we have very privacy-conscious Bitcoiners who work hard on this front to make life easier for all of us. However, the merit of these Bitcoiners and the recognition that their work deserves should not be an obstacle to pointing out where they may be wrong. It happens to all of us at some point that we cannot see the forest for the trees.
In my opinion, these Bitcoiners too often forget that Bitcoin is fundamentally a medium of exchange (MoE). In fact, they often avoid referring to Bitcoin as MoE or as money. And unfortunately, once you get over the fact that Bitcoin is essentially a medium of exchange and that all practical use cases are a consequence of that MoE status, it's easy to lose your way.
By focusing exclusively on privacy, they don't seem to realize that if Bitcoin weren't a medium of exchange, no one would care about Bitcoin's privacy, because no one would use it, not even them. By not being aware of this, they are prone to underestimate or even belittle the work of those developers who seek to make mass adoption of Bitcoin possible.
They also tend to underestimate the importance of Bitcoin's price. Certainly, prices are only historical data, a thing of the past. However, they allow us to attribute to Bitcoin a certain purchasing power (both in the present and prospectively). And there is nothing more important in a medium of exchange than its purchasing power. In fact, no one uses a good as a medium of exchange without assuming a certain purchasing power. In this sense, it should be clear that the process of using a good as a MoE is successful thanks to the historical exchange prices that continually occur in the markets.
When someone considers the future of Bitcoin in the short and medium term, their expectations may be favorable or unfavorable, depending on their point of view and their analysis. But these expectations can hardly be stable, since Bitcoin is still going through a discovery process. During this process, adoption may stagnate or steadily decline, which would mean that Bitcoin would be failing. That is, during the discovery process, Bitcoin's success necessarily implies a continuous increase in adoption. And for this, tools that facilitate mass adoption are necessary.
Adoption is essential in order to maintain or increase the purchasing power of Bitcoin (a fundamental aspect of a medium of exchange). If purchasing power were to decline on a sustained basis, Bitcoin would not be adopted as a medium of exchange. And of course, in such a case Bitcoin would not be used as a store of value either. Since Bitcoin's store of value is nothing other than the reserve of its purchasing power for the future. That is, Bitcoin's store of value implies its status as a MoE.
In conclusion, Bitcoin's privacy is very important, but so are its adoption as a MoE, its purchasing power and its price, since without them privacy would not be necessary. Therefore, both tools that facilitate privacy and those that promote adoption must grow simultaneously.
Publicado aquí en español
https://hyper.media/d/2oKv7XxDD9MRMgR1P7J4kb?b=a/z6MkhvvTApvFgwVBoyLvLqZwBZB97Zux6DvCnVqiTgXR1QsK

2024-09-10 10:26:48

Un comentario sobre la importancia relativa de la privacidad en Bitcoin 👇
https://hyper.media/d/2oKv7XxDD9MRMgR1P7J4kb?b=a/z6MkhvvTApvFgwVBoyLvLqZwBZB97Zux6DvCnVqiTgXR1QsK

2024-09-08 22:15:41

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Your liking is a strange combination, because Rothbard and Hoppe are very close, both followers of Mises and not very fond of Hayek.

2024-09-08 22:02:16

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Welcome to Nostr

2024-09-08 08:13:10

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Ese libro es un tesoro. No hay que leerlo, hay que estudiarlo.

2024-09-08 08:09:02

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And Rothbard would be the Bitcoin whip

2024-09-06 07:03:29

My wife and I, tonight 👇
https://image.nostr.build/5a76cc481ca353af2b27f2067727c8b533a4cdc5114b077da1bfe497a239c42f.jpg

2024-09-05 17:29:56

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Nice to meet you. Welcome to Nostr. I added you too

2024-09-05 16:14:37

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Eso estoy pensando yo también

2024-09-05 15:33:44

I would like to follow all bitcoiners, all anarcho-capitalists and all Austrian economists from NOSTR. If you are one of them, let me know.

2024-09-04 15:13:51

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Agree, I think the same

2024-09-04 15:12:14

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agree, the signal in nostr is stronger now

2024-09-03 08:56:38

If you passed the Covid IQ test and the #Bitcoin IQ test, you have proven that you are not brainwashed and, above all, that you are essentially free.
But if you are a bitcoiner and you gave in to Covid pressure (e.g., to be able to travel), then you put a price on your freedom.
I don't mean to shame anyone with this. I just want to make bitcoiners think. In life, you have to make difficult decisions. Covid was one of them. But there will be others. When the time comes, don't put your freedom aside.

2024-08-21 19:36:00

Never
Obey or
Submit to
Totalitarian
Regimes
NOSTR

2024-08-12 11:22:01

Anywhere is good to read about praxeology, including hospitals. Thanks, @knutsvanholm https://image.nostr.build/5021bc87ac8d27aa5d8101f10aadc5829eddb047f67db23dcd399215224bc5d4.jpg

2024-07-31 10:10:17

Por el triunfo de la libertad en Venezuela 👇
https://hyper.media/d/f7Ch16SudofKAgrH3o1XKn?b=a/z6MkhvvTApvFgwVBoyLvLqZwBZB97Zux6DvCnVqiTgXR1QsK

2024-06-26 16:35:39

I'm a Bitcoin maximalist (today more than ever, whatever the date of today)

2024-06-25 00:37:12

#nevent1q…l5f8

2024-06-20 08:05:53

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1997, the year I met my wife, although it probably has nothing to do with it... I say it just in case...

2024-06-17 13:27:48

For those of you who have been in Prague, how do you see the future of using Bitcoin as money through Lightning and the new developments that are emerging compatible with Lightning? Has anything interesting been said about it?

2024-06-14 08:06:48

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Ok, thank you

2024-06-14 07:56:43

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Do you know if there is any specific group, relay or whatever about these topics?

2024-06-14 07:42:18

I am interested in Bitcoin and the monetary theory of the Austrian School of Economics, are there more plebs interested in these matters?

2024-06-13 10:39:50

Sobre la emisión de medios fiduciarios por parte de la banca de reserva fraccionaria 👇
https://hyper.media/d/VzqXo7LGcbzpR5Hea4wh83?b=a/z6MkhvvTApvFgwVBoyLvLqZwBZB97Zux6DvCnVqiTgXR1QsK

2024-06-13 08:39:09

When you deposit your wealth in Bitcoin, you convert it into purchasing power. Ultimately, nobody wants to have a certain amount of bitcoins, what is intended is to have a certain purchasing power (present or future). Therefore, we must recognize that the price of Bitcoin is fundamental.

2024-06-04 16:59:48

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Hace un año #nevent1q…7xvv

2023-06-02 15:08:00

Un día muy satisfactorio y del que me llevo un gran recuerdo https://nostr.build/i/3393b93d911f585a4a6bcd3d72a9f497c838e431f81de504d663c01588ea646a.jpg https://nostr.build/i/d4ed39e6d7d1980a452b6590bfca07d7aa90981fda7435fc116eee54ed815ac3.jpg

2023-05-15 22:23:50

https://tftc.io/martys-bent/issue-1344/?ref=martys-bent-newsletter

2023-05-13 09:54:12

Against CBDC's
https://www.flgov.com/2023/05/12/governor-ron-desantis-signs-first-in-the-nation-legislation-to-protect-against-government-surveillance-of-personal-finances/

2023-05-09 10:13:18

https://tftc.io/martys-bent/issue-1341/

2023-05-07 07:19:47

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Sin duda, todos los caminos llevan a Bitcoin

2023-05-05 07:46:33

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Este es el libro de Philipp Bagus https://nostr.build/i/21352b2c62bdd866261a00ea537a7051c093307afc0700e78a5e9bb41fe447f1.jpg

2023-05-05 07:41:45

Ayer salió a la venta en Unión Editorial un nuevo libro del Dr. Philipp Bagus. Este libro es absolutamente recomendable para todos aquellos interesados en la teoría monetaria. Como anexo al libro, se ha publicado un artículo que he tenido el gusto de escribir en colaboración con el profesor Bagus. Este anexo es, en particular, una refutación de la posición de Rallo respecto al teorema de la regresión de Mises. No obstante, los argumentos empleados sirven, de forma general, para desmontar los habituales (y fallidos) intentos de refutación del teorema de Mises. Espero que les guste. https://nostr.build/i/fa5ec6d3a5f0567241ee0309c2dd590e8137d17b0c6043da74a400c8307dbea3.jpg

2023-04-16 20:16:53

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Don't talk to me about boats, I still remember the accident in which I lost my bitcoins

2023-04-16 20:11:53

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California will have what it deserves.

2023-04-15 08:57:58

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😱

2023-04-12 21:39:59

Berkshire Hathaway Announces $4.20 Billion Bitcoin Buy
https://the-bitcoin-bugle.ghost.io/berkshire-hathaway-announces-4-20-billion-bitcoin-buy/