Nice couple of shoutouts for Bitcoin Breakdown from and in the last one month 🧡

😂😂

I don't think it's possible. Is it possible to open a channel to someone else's embedded node from my embedded node?

's implementation of NWC is the best I've seen it done so far. Extensive customisation of each connection. Was concerned about connecting my embedded LND to it. Then I realised there's Cashu. The wallet has an explicit option to restrict NWC connections to your Cashu wallet alone.

A person wants everyone to have healthcare, education and a social safety net, which he wants to be paid for by taxing people But he also wants everyone to have privacy, which will never exist as long as there are mandatory taxes to be collected At the same time, he does not want privacy for certain groups of people who have pooled resources to produce things people want, and wants them to be fully transparent about their operations and finances Many such cases

The left curve argument is that these market cap measurements for other assets are likely unreliable. Besides that, to offer a better argument: Not all equities are the same and not all of them are used solely to buy low and sell at a higher price. Can't make a blanket claim like that. Same goes for real estate, bonds and art/cars/collectibles. On the other hand, every sat is the same as the other. Gold and fiat money are the only other comparable goods, ie. monetary goods. They are indeed competing in the same market. I don't personally use this addressable market thing unless people whip out the 'muh diminishing returns' argument. While we're at it, I'm not a fan of the stock-to-flow and power law models either 😂

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.

Zeus' implementation of NWC is very good

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 😭

has gotten a lot better. I can see myself shifting all my Bitcoin podcast listening activity to Fountain very soon, if they keep improving.

You'll never believe just how prone people are to blame others for their retarded decisions. They'll ape into Bitcoin at ATH instead of DCA'ing like we told them to and get mad at us when the price dips

LN support coming soon according to Tether's Paolo

Hypothetically, if I were talking to a boomer with a household to take care of about the importance of privacy, this is how I think he'd reply: 'Companies that I buy electrical appliances from would want to know where I live so that they can send their support staff in case technical assistance is required. The distributor I buy electricity from will want to know where I live and what my power consumption is. People who lend to me would want to know what my financials are to assess if I'll pay them back. People who fix my phones and computers would have to get access to my system. I have to trust them not to mess about. Law enforcement will need to track those who have stolen my property to retrieve my stuff. In all the cases above, it's my choice to give up my private data in order to get what I want. I have to trust people not to misuse what they know but that's the risk I'm taking and I'm aware of it. I don't see anything wrong with that.'

Great rip! https://fountain.fm/episode/9TpAKbyGusTkGm6PEmZo

You're forgetting that we're Indian snake charmers

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

Well, as long as he doesn't put the blame on you for not warning him about fiat shit hitting the fan sooner

Certain Bitcoin folks do quite well to address Bitcoin's real shortcomings in a constructive and productive manner by building and engineering solutions. Shitcoiners just give up and start shilling shitcoins as the solution to everything.

Maybe for a beginner level intro to a subject, sure. But as you gain expertise, they start becoming useless.

It's upto us to make our noob friends aware of the tradeoffs And yep, Zeus does have Cashu as well

That's up to Rumble I suppose

Good take! When we analyze whether a particular region is a free market, or to get a sense of the degree to which it is a free market, I think we can start with a few basic prerequisites: 1. The user/owner of the means of production or the goods produced with them is able to exchange what he owns or produced with other people - land, capital, resources, raw materials, consumer goods, production goods, etc. 2. This exchange happens at prices that both parties agree upon 3. The user/owner has the ultimate say in how his means of production is used - he decides what to produce, or not produce, when to produce, and in what quantity 4. Property titles and contracts regarding property titles are honoured and restitution mechanisms exist in case of violations 5. The money - medium of exchange - that people use holds its value/purchasing power over a long period of time and is easily exchangeable. And when it doesn't, people have the ability to shift to something else. 6. The ultimate form of ownership - ownership of self - is respected. One's body and fruits of one's labour exerted with one's body is safe from harm or being expropriated. And people have the ultimate say in what endeavour they choose to engage in with their selves. Of course, no country or industry has this state of affairs to the fullest extent. But the degree to which these perquisites exist in a particular region, country or industry - big or small, private or public, capitalist, socialist or communist, democracy, oligarchy or autocracy - whatever the name is attached to it by narratives and storytelling by the media, is the degree to which it is a free market Basically, lot of words to say that the degree to which property rights are respected determines how much of a free market a particular region is. And it will also determine the degree to which we see economic growth, productivity and an increase in standard of living in that country or industry.

Haha, it looks like it's been claimed or expired. Thanks for the gift though! Appreciate it 🫂

Oh yeah, the way we carry ourselves and go about our lives can certainly have an impact on how people around us perceive Bitcoin

On a personal note, these LLMs have been incredibly useful for me personally and professionally. Gotta evolve with the times and be open to learn and pick up new things no matter the age we're at