sachin

This is going into the territory of *why* power wins over the market sometimes and vice versa during other times
You say that it's all about incentives. Some argue that it's culture, genetics, history, etc. Others say that it's about the dominant ideas people have. There are those who say that it's an inevitable pattern or progression in society and history. Or that it's divine intervention. Or that it's about the quality of money. Or technological progress. Or the planets.
I can't put my finger on it.

2025-12-06 01:18:38 UTC

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Okay I'll admit that this has some utility to give people an idea about the 'addressable market', whatever that means
But if you think about it, it doesn't make sense 😭

2025-12-05 22:17:43 UTC

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I wish we could stop taking that metric seriously. I feel the same way about market cap also 😂

2025-10-14 20:40:38 UTC

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It was all related and implied.
The reason why I defined all that was to explain what 'acting' entails. Everything I described as the categories of 'action' are things an AI cannot do.
I thought it to be better than simply saying that an AI cannot act.
•An AI can't aim at ends and consciously choose the means to achieve those ends.
•It cannot own itself or other resources and things. It does not have a will. It has no conception of 'labour'.
•An AI cannot understand the concept of scarcity because it cannot own things.
•Not being able to aim at ends or understand the scarcity in means, it cannot choose between different ends and means.
•Not being able to own things, it cannot bear the costs and risks.
•Not having any conception of costs and risks, it cannot have preferences.
•It cannot have profit and losses as a result of all the above.
All an AI can do is do what it's told. And this function of doing what it's told can increase in complexity. That's pretty much what we're looking at.
Thus, an AI cannot act. Of its own accord.

2025-10-14 20:10:43 UTC

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An AI can't 'act', is what I meant.
The rest was about explaining what I mean by 'acting'. Not separate things.

2025-10-14 19:23:50 UTC

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I've learnt to articulate it a bit better since we last spoke about it:
Only human beings can 'act'.
When we say act, we mean to say:
•Aiming at ends.
•Understanding the concept of scarcity in the means available to achieve those ends, like time, energy, resources, capital, etc.
•Choose the preferrable ends and means by rank ordering them.
•Bear the opportunity costs of aiming at certain ends and means over others.
•Choose the preferrable ends and means based on costs.
•Take the risk of incurring a loss by choosing the wrong means to achieve their ends.
This is basically the action axiom.
Wading further into the philosophical territory, we can say that only human beings can 'reason' about things.
H/T Hans-Hermann Hoppe. His writings have helped me understand the above.
Furthermore, perhaps a theological argument can be made that only human beings have the ability to access 'revelational knowledge'. Only they have the gift of self-realization. But I am too young and inadequately read to elaborate this particular point properly.

2025-09-23 11:22:04 UTC

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Yep it was Saifedean
https://saifedean.substack.com/p/anatomy-of-the-milei-ponzi
Also:
"It is true that he has made the names of Ludwig von Mises, Murray Rothbard and other thinkers of the Austrian School known to a wider public. But his knowledge of their ideas and theories is superficial and flawed, and his praise is therefore double-edged. In any case, we can only advise the public not to regard Milei’s statements on economic philosophy as authoritative...
...it is not enough that he pursue liberal goals with his policies. Rather, the political means must be objectively suitable for actually achieving those goals. This should be self-evident, but it is often disregarded in politics, as Ludwig von Mises repeatedly pointed out. Milei’s policies are a case in point."
- Prof. Dr. Rolf W. Puster, Prof. Dr. Jörg Guido Hülsmann and Prof. Dr. Hans-Hermann Hoppe
https://mises.org/power-market/resignation-scientific-advisory-board-ludwig-von-mises-institute-germany

2025-09-18 21:37:35 UTC

If I were to convince a Bitcoiner to embrace Libertarianism, this is an outline of how I would do it:
The Bitcoin network is not fully resistant to censorship as long as there's a government monopoly in the regulation of the provision of internet services.
An ISP is legally bound to block off your internet access if the state orders it to.
Spectrum is considered a public good that everybody owns, in theory.
The state owns all of it, in practice.
By 'own', I mean that the state has the ultimate say in the usage of spectrum and the ends towards which it is used.
Ownership rights in spectrum is inevitable and necessary since there exists scarcity and conflict regarding its use.
However, no homesteading or first appropriation was involved in government ownership of spectrum.
A law was written and passed, after which the started owning all of it, by fiat. (Whether this was done democratically or by other means does not matter. Fiat is fiat)
The state then leases out the spectrum to ISPs, through auctions.
You'll also need to procure the mandated licenses to set up an ISP.
Hence, a libertarian legal order which enables the provision of internet to become fully privatized is necessary for Bitcoin to become truly censorship-resistant.

2025-08-05 15:30:03 UTC

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Oh shit I didn't know we were talking about the post
I was just going on a random tangent 😂

2025-08-04 23:27:36 UTC

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Brb going to write a 10,000 word essay on the Austrian view of why Sydney Sweeney is attractive

2025-07-06 13:49:40 UTC

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It's extremely fun

2025-07-06 13:12:39 UTC

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I'm an Indian and Bitcoin, Nostr and freedom tech, Libertarianism and Austrian economics are on my mind 24/7/365

2025-05-30 05:10:02 UTC

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When politics comes up with people like the I'm just gonna say nothing and change the topic
'Ah that's cool man, catch the Bitcoin price last night?'

2024-10-18 06:13:43 UTC

https://image.nostr.build/e8be2a9368330872029dbb8fdd19f821d363a08d52d9b07289642a31433b4934.jpg

2024-10-03 09:15:26 UTC

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Good to be aware of something like that from a young age though, right?

2024-09-07 21:00:12 UTC

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Primal shows that on each profile

2024-09-07 17:47:38 UTC

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Yeah that's there. We will have to take extra precaution before following an account.

2024-09-07 00:49:09 UTC

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*The good part

2024-09-07 00:39:11 UTC

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More events that refute Graeber's argument:
1. The emergence, growth and usage of Bitcoin and circular economy initiatives built around Bitcoin - all of which have happened and are happening spontaneously.
2. The slow rate of adoption of Bitcoin in El Salvador despite being declared as legal tender.
Also, regression theorem is something I just discovered thanks to this podcast episode. Bob's explanation of it filled some gaps in understanding about Bitcoin's value I never realised I had despite having read Menger's origins of money.
Thanks for sharing!

2024-09-06 21:49:41 UTC

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Which exchange are you tracking this on?
Didn't it already fall to 0.04000 on Coinbase?

2024-09-06 15:50:53 UTC

Citrine

2024-09-05 21:38:49 UTC

Yield curve has uninverted

2024-09-05 14:31:01 UTC

Interesting story here 2 hours in about Milton Friedman changing his mind about Government’s role in money after reading more about Scottish free banking:
https://youtu.be/K8r5c2prWew
He argues in favour of Government control of money in his famous work ‘Capitalism and Freedom’.
Lawrence White says this is the paper Friedman wrote with Anna Schwartz after he changed his mind:
'Has Government Any Role in Money?' by Milton Friedman and Anna Schwartz (PDF)
https://core.ac.uk/download/pdf/6900301.pdf

2024-07-27 18:04:00 UTC

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Nostr is that next underground thing.
Or something that disrupts the network access layer and enables anyone to get internet access even if ISP or Govt blocks them.
What is describe was bound to happen to the Bitcoin ecosystem as more people adopted it. Besides, it's only a section of the 'community' that is like that, probably not everyone.

2024-06-29 09:32:03 UTC

https://image.nostr.build/f94198056397821c37558c84ec682674293255dd43d273b7d103e85a7112c971.jpg

2024-06-04 13:40:13 UTC

I cannot imagine living in any other country.
India is both brilliant and retarded at the same time.
Democratic republics for the win.

2024-05-25 11:10:06 UTC

https://image.nostr.build/bcf5a3de0dfb57669de69d10272f8e8a9c69f11df3cb611417f6a703cfea8480.jpg

2024-05-25 09:03:09 UTC

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Set up an LN address on your profile so that people can zap you sats

2024-05-25 07:19:44 UTC

Two men sitting in armchairs, surrounded by trees and nature talk about the history of operating systems, the open source movement and the philosophy and principles behind them.
https://youtu.be/YwqmLi0MoYU?si=VvtghRPzIzRIgBEz

2024-05-25 03:37:48 UTC

https://image.nostr.build/8cd03f59c394684b9fa5f0f885364c927375f0ba301cb440ab131a37a283b030.jpg

2024-05-25 03:33:16 UTC

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That's clutch

2024-05-24 20:35:12 UTC

https://image.nostr.build/bb3ddae05813a319c0f8e2c0c1c56f521422de2a48af5c2886f050c5426813b7.jpg

2024-05-24 18:06:16 UTC

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And above all, fuck Keynes:
'The story of Keynesian economics starts with his work on India. Between 1909 and 1913, he was the most important defender of British monetary imperialism in India. For this work he was awarded a position at the British Treasury during the First World War.'
https://mises.org/mises-wire/keynes-young-imperialist-1906-13
#nevent1q…lc27

2024-05-24 17:35:51 UTC

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Reposting this for all the colonial thots masquerading as stablecoin apologists who supposedly want to 'bank the unbanked'.
You and I are not on the same side. Fuck the US Dollar, fuck the stablecoins backed by it, fuck you.
Bitcoin only.
#nevent1q…sdty

2024-05-24 16:06:45 UTC

https://image.nostr.build/9404c21349b601978acbf37729788937e97ad72440a5cabc0746fd1a1bab92b6.jpg

2024-05-24 11:47:18 UTC

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Yes

2024-05-24 10:27:45 UTC

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Yes it is. I just looked for links to other apps but couldn't find any.
Do you not watch YouTube anymore?

2024-05-24 09:05:37 UTC

This is a ridiculously good podcast. If anyone here on Nostr wants to get an introduction to India and what we're about, I'd point you to this one.
https://www.youtube.com/@amitvarma
I recommend starting with this episode:
'The incredible insights of Bastiat and Hayek'
https://youtu.be/40PvmJLSedw?si=R5DdR8ctZaWUi8zv

2024-05-24 03:41:41 UTC

https://image.nostr.build/667825851423d57b4ed470058074b0d8951b358c5e5ba8f9a3019e8ef3f9f180.jpg

2024-05-24 03:34:00 UTC

https://image.nostr.build/8d8bc2c0f1eb9cefbaafc6f1f0aa7378e4f32a4a32103438ad362afed316f251.jpg

2024-05-24 02:20:31 UTC

https://image.nostr.build/c16dc2aa44f6cfb1ff58eb89efcbd2562b76851997dfac860a29af2869d65b4c.jpg

2024-05-23 15:31:30 UTC

https://image.nostr.build/cdb898d4c5a95a57c3ed80da5a79a1dc15ba13629dcf6a6b1e013198e0beb822.jpg

2024-05-23 14:35:17 UTC

lt's been a while since I've watched a video with a clickbait title and a surprised expression on thumbnail.
It has turned into a counter-signal now. I actively try to avoid videos like that.

2024-05-23 14:00:31 UTC

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Your own relay on your phone
#nevent1q…8g83

2024-05-23 12:45:56 UTC

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What fiat money does by interfering in the money market in the form of benchmark rates, quantitative easing and tightening, foreign exchange reserve management is prevent the discovery of prices by the free market, an antithesis to the system that Friedman here describes.
#nevent1q…knlz
The problem of money is the biggest we will solve in the 21st century.

2024-05-23 09:38:26 UTC

https://image.nostr.build/7b6792d71a8cbd99cb42440bc445f4ceda998f2b23f60217eece2a3c11ee24eb.jpg

2024-05-23 05:42:32 UTC

https://m.primal.net/IKXi.jpg

2024-05-23 00:48:48 UTC

https://image.nostr.build/24bc964bc5d020e640a5ef32a79b60478a03c0d99d8eb311ef126acddbd20403.jpg

2024-05-22 17:50:27 UTC

https://image.nostr.build/ec467ce033af267724f93c768e4684433f560cbc833e6ea4321fd35b12ea6435.jpg

2024-05-22 13:00:52 UTC

https://image.nostr.build/88cc1fbabdb5f91a205035721ca9ace7731f670a2e6a6272e68d84eec7b4bf0d.jpg

2024-05-22 10:09:31 UTC

https://image.nostr.build/39a9e750e086ee8ce6b0fcabb7ac27159a1fe9b951f5f3db5ebb2f1360e3b419.jpg

2024-05-22 08:59:03 UTC

https://image.nostr.build/ee80582c994e758a009dc57acf6215a7fcc239c103f012755e585e3166bfe90b.jpg

2024-05-22 05:34:07 UTC

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It seems like since Primal doesn't have zap splits or forwards enabled, whatever is zapped to this note from primal will end up in my primal wallet
I just tried zapping this note on Primal and the tx history shows that I zapped myself

2024-05-22 05:32:12 UTC

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@npub1e0z…0txy seems like you don't have enough inbound liquidity on your LN wallet or your node isn't reachable from Alby or Phoenix
I tried zapping this note 👆 with splits on and it isn't going through

2024-05-22 05:23:03 UTC

The following is an unrolled Twitter thread written by @npub1e0z…0txy about Bitcoin covenants that I'm copy pasting here. It is a good explanation of what Covenants are and aren't, what they can do and what they can't.
(This deserves a lot of zaps so I've set the zap split as 100% to be forwarded to her.)
Here it is:
"
had a good chat today with @mattcsnow and he asked the question “how do you know that the bitcoin you get when covenants exist doesn’t have some weird restrictions on it” this is a good question; the answer is below 🧵👇
ok so the quick answer is that as long as you can independently choose the address that your bitcoin goes to you can have complete assurance that the coins you receive are in your full control. no funny business
bitcoin addresses dictates what kind of lock is put on that bitcoin. if you pick a single sig or multisig address, those coins will only be locked up by those keys. nothing else
the covenant things that people are talking about (in theory) limit what addresses bitcoin can be sent to this is useful for some uses but isnt something you will encounter in general or in “normal” bitcoin wallets
this is also why knowing how to hold your own keys and own your own bitcoin addresses is important. that address is your key to self control. if someone else is picking the address your coins go to, its not your money!! 💰
yes it really is that straightforward. covenants getting added to bitcoin is an optional thing that people will have to elect to send their money into, by using an address that has those specific restrictions built into it
you dont want to use it, fine don’t send your bitcoin to those contracts it’s something you can choose to participate in or not! and you’ll have to move your coins to opt into it
just like you have to move your coins to opt into taproot addresses. this is the beauty of softforks in bitcoin (as well as the utxo model!!) you hold your keys, you decide what restrictions your coins have
some people are really looking forward to locking their coins into more complicated vaults! some people like to put their coins into lightning contracts some people let others hold their keys for them even today🤷
so go forth and write the contracts that you like and make you feel happy and secure about your coins and hold them there!! no one can move or even touch your coins without you agreeing to send them to those contracts
this is why self soveiregnty on bitcoin is so cool: the protocol lets everyone decide how they independently want to guard their bitcoins. other people making different choices has no impact on you personally and i think that’s pretty cool!!
"

2024-05-22 03:40:09 UTC

https://m.primal.net/IJnQ.jpg

2024-05-22 01:24:14 UTC

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Just caught up with what they've been up to
Adding NWC and enabling self-custodial LN payments is huge for them
Hope they integrate themselves further into the Nostr ecosystem

2024-05-22 00:33:52 UTC

tal vez necesite aprender español por si acaso
https://image.nostr.build/d95c05c61cbcbda7f906c514773108255f6a90b3a45f3cec973cccb2a4d4f3fd.jpg

2024-05-21 23:11:01 UTC

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Coracle is an underrated Nostr client
#nevent1q…h6mu

2024-05-21 16:30:48 UTC

https://image.nostr.build/3a018abfe0c9ee52022f16ac357e3fcda28ea5e2947eb7b237637e267e32056e.jpg

2024-05-21 16:00:30 UTC

Klaus Schwab is stepping down.
I don't know if it was the case for others or if history will look at it that way, but Milei's speech at WEF was a big turning point in how I looked at politics and made me go down a fascinating rabbithole.
It helped me understand that Socialism and Liberalism are different things whose meanings have been twisted to mean the same thing.
Liberty is an idea whose time has come.
https://www.semafor.com/article/05/21/2024/klaus-schwab-says-hes-stepping-down-as-world-economic-forum-head

2024-05-21 14:58:44 UTC

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I think we need to move on from follow counts to something better
Google+ had circles
Facebook, Orkut and Myspace had friend lists
LinkedIn has connections
They all emphasized on displaying only relationships that were two-way. That is better and makes contact lists less of a popularity contest.

2024-05-21 14:46:33 UTC

Embrace the stereotypes
https://image.nostr.build/70b75edf4d7886908771b35f4cd83028fde1e85adc00a54e17840abd3abc3e86.jpg

2024-05-21 10:55:15 UTC

https://image.nostr.build/0beda50d89f047e6ab7658e0ec5527ebd37be75fedb901dc86fd55c64fb5dd08.jpg

2024-05-21 10:39:49 UTC

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Yep 👆

2024-05-21 07:50:53 UTC

https://youtu.be/8Kt2De98Bck?si=OMfwlTquEwAYplf2

2024-05-21 02:44:58 UTC

Behind every ruined software product there is a growth and marketing lead

2024-05-21 01:14:41 UTC

👑
https://video.nostr.build/64630dcef6012bf8d5a415f5f47cb03a6086b8211f5c183b5ba7acf3cf3e0749.mp4

2024-05-20 10:41:51 UTC

Bitcoin Optech Newsletter = Way to keep up with Bitcoin dev without having to open blue check swamp
https://bitcoinops.org/en/newsletters/2024/05/17/

2024-05-20 10:25:37 UTC

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It's just a design choice by devs of respective clients. It's up to them to choose the event kinds their clients display. And we can pick and choose according to our preferences.

2024-05-20 10:20:49 UTC

1. Joins Nostr
2. Posts rage-baits
3. Doesn't get engagement
4. Realises one has to be nice and interact with people like a human being to build a contact list
5. Gets annoyed and leaves
6. Rage-posts about Nostr on Twitter
7. Gets engagement
8. Attainment of freedom averted

2024-05-20 10:08:38 UTC

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Even 'edit post' is an event kind which isn't supported by most clients. You might see the edits I've made to the typos in the first paragraph on Amethyst but not on Primal.

2024-05-20 10:05:36 UTC

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Everything action you do on Nostr, posting, liking, replying can be called as 'events'. Each event has a 'kind' number which describes what type of event it is.
What you're looking for is long form content (kind: 30023)
The following are some clients that support this event kind:
Yakihonne: https://yakihonne.com/
Habla: https://habla.news/
Highlighter: https://highlighter.com/
Not all twitter-like clients we use display this event kind on your profile by default.
Amethyst does support it on Android though. You can always share a link on your preferred twitter-like client after publishing on the long-form client. The post will still be nostr-native and people can directly zap it as well.

2024-05-20 01:22:24 UTC

https://m.primal.net/IIXP.png

2024-05-19 19:14:15 UTC

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We'll come back stronger next season ❤️ 🤍

2024-05-19 18:25:06 UTC

https://m.primal.net/IIRo.jpg

2024-05-19 05:09:52 UTC

https://image.nostr.build/74bf696e6bbd67197a3e9d8179530b622179e4dcd7a151e4b8c8d6a6ee159a0a.jpg

2024-05-19 04:46:55 UTC

'There are roughly about 300 million people who use UPI, however, India has close to a billion bank accounts.' https://image.nostr.build/f301fefbf6ee1fda3a06b7843293b89a915021c3b97ac1a54b56b51edbdd8d35.jpg

2024-05-18 08:25:13 UTC

'Knowing how to read, change and run code is modern freedom.'
- Niftynei

2024-05-18 05:43:11 UTC

https://youtu.be/NdNvoN6FXLw?si=wTGYElAWQzvXvFES

2024-05-18 05:20:28 UTC

https://youtu.be/eHX9sgBt1nE?si=Tzzn4bVbp4lMXgpv

2024-05-18 04:37:17 UTC

https://image.nostr.build/df74f5a1a1e7f9295bc7f0507764127590e543afb7bc40fdda2b45fc464be6b6.jpg

2024-05-18 04:35:41 UTC

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Having it as an option that can be turned on and off would be great

2024-05-18 03:20:47 UTC

https://image.nostr.build/232fe2efb39047f1ddc6a3f75ea99c1d2175096db181b7e2c38966f2dd046c8c.jpg

2024-05-17 15:03:14 UTC

https://image.nostr.build/602b40f259858f8cb2cbf6cac39cad141b85d21d1437b3dba7cd042cb982822b.jpg
https://image.nostr.build/4bcd39708b2f2f3a1eb191e20a009babdb76c150982c75f00f8a5611ec255095.jpg
https://image.nostr.build/b03397b5614100c3e4a8d41b9e6d052d6291383c22e25ec358a564cba3d85e96.jpg
https://image.nostr.build/4ae585baacca5340f4ed946eb0249f0e0c2df47f8b83a7bc88c3b9f9165b36c1.jpg

2024-05-17 14:47:57 UTC

https://image.nostr.build/8277b67178f950b777034a575ce7a6e2b4d5cf1929397ef1c23d97f9f2340708.jpg

2024-05-17 14:00:56 UTC

https://image.nostr.build/a6a1b4b40e968474fbae384585eafafb4eef51a6fb8a991b2b6519eba4e4e144.jpg

2024-05-17 07:55:04 UTC

https://youtu.be/wArMaqpNvFE?si=Zx5TiOQNjk9UAPhC

2024-05-17 06:49:10 UTC

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And the first step towards that is to take the control of monetary policy out of the Government's hands

2024-05-17 06:32:10 UTC

https://image.nostr.build/8fae5e78e4039f9092c896f04d7b7b3e779649b043b2b04846d20f280f82eed9.jpg

2024-05-17 06:25:03 UTC

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I think Bisq too is as complex to use as Robosats

2024-05-17 06:11:39 UTC

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Milei getting elected, Twitter's corporate stance leaning libertarian, Bukele showing results with Bitcoin as legal tender are all seemingly insignificant and momentary but quite helpful events for those like me living in liberal democracies like India that want freer markets, trade and society.
About 900 million people are on the relatively open internet, atleast a little aware of what's going on in the world.
It becomes easier to make a case for libertarian ideals in such an environment.
#nevent1q…0k8j

2024-05-17 05:51:35 UTC

The common narrative of IMF spoiling countries doesn't apply to India. The country has gotten three loans from the fund so far. The first two didn't do much. We remained a socialist mess.
The third one however, was accompanied by economic liberalisation during 1991.
Tariffs were reduced, trade was liberalised, licencing requirements and other restrictions started to be progressively removed over the coming years. The country started down the path of free market capitalism, albeit only partially.
The country has improved quite a bit since then on all quantitative measures of economic and human development.

2024-05-17 03:58:56 UTC

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Oh boy

2024-05-17 03:01:13 UTC

I'm smirking at this, but maybe this bill is more of a statement than something concrete to be executed.
Lot of dominoes are falling.
'An idea whose time has come cannot be stopped by any army or any force.'
https://image.nostr.build/e0bd3024c63a13aa40736bea492a3ec4a6c311bf47cc98ac7462a2d250bc62ce.jpg
https://image.nostr.build/9e5239fd534e79e2f26e754eb38103f22b8eec8d612f85776b1dc5ebc008b07e.jpg