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@kepford
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22 sats \ 0 replies \ @kepford 1h \ on: Why Did Bitcoin Jump in Recent Days? (Checkonchain, James Check) econ
I've been wondering at what price we do start to see attention shift. Or is that just over. Is it just all to boring and its just the true bitcoiners and elites or tradfi people that care now. Traders...
Either way, I don't care. I'd rather see slower price discovery.
Incidentally over the past few months I have been hearing more really bad takes on bitcoin and crypto. Bad because they lump the two together. Bad because they are right about crypto in some ways but completely missing the difference. They will say things about crypto that are only true of bitcoin as well as the inverse.
I keep coming back to my theory that its over. The bitcoiners have been discovered and now its the elites/traders buying in. The masses will not get it until they are told its ok by authority figures and influencers they trust. I'm slowly coming to the realization that they will get what they deserve. Their lack of curiosity will be punished and there's nothing we as bitcoiners can do about that. We just need to take care of ourselves and our families. Become strong beacons of a better path forward. They will have to work hard for their bitcoin. Everyone that ignored us will.
Indeed. We are told from an early age that the CEO of Boeing is trying to improve humanity but we are being told that about "our public servants". Gee... I wonder why that is?
Don't get me wrong. The CEO of Boeing might have good intentions and the elected politician might as well but we shouldn't kid ourselves.
There's a big fork in the road mentally when you realize that intentions, names, and marketing are often the inverse of reality. The average person looks at the teachers they may know and thinks that these people are trying to do good things. There is zero skepticism. Then they see some things online about teachers doing stuff they don't like. Then they begin to see the surface issues but VERY few have looked into the history and structure of so called public education and its origins. Most people do not know that this agency is fairly new. They don't know how it works. They have no clue of all the redundancies between federal, state, and local administrations in education. They haven't worked with or talked to skilled educators that have left the government run institutions out of sheer frustration. They haven't worked with administrators and see the utter incompetence at work. They haven't seen the cultures that punish innovation and reward yes men/women.
Things are often not as they appear. I think our society has a pretty healthy skepticism of capitalists in the market when they sell their wares. These same people are often blind to the same issues being present in the government sector. Its a giant psyop that most people are under. What makes it worse is that most people are thinking the issue is related to political parties and THEIR team are the good guys. It has not occurred to them even in their darkest dreams that the whole system is rotten. That it is working as intended. That its more about compliance and control than equipping and strengthening. That the capitalists and the government are working hand in glove to manufacturer citizens.
When people tell me I don't care about education because I want the department of ed should be shut down I tell them... no. This position is evidence I DO care about education. Then they talk about all the funding that comes from it. Then I say... yeah and that funding could have less strings attached or be appropriated by another department. Or, ya know. The STATES!
But do you want a disclosure? Also, how would you know? For all you know you are reading and trusting content where this was done already. I get not wanting or trusting it but that's not really what I'm asking.
There's a lot to 🤣 about here.
I keep wondering why anyone would trust this video even if it was not edited.
Eventually, maybe no one will think their own thoughts and produce their own content beyond the prompt and there won't be this mismatch of expectations
I think you could make an argument that a plurality of people already don't think their own thoughts. This was the case before AI.
My favorite story of his...
While traveling by car during one of his many overseas travels, Professor Milton Friedman spotted scores of road builders moving earth with shovels instead of modern machinery. When he asked why powerful equipment wasn't used instead of so many laborers, his host told him it was to keep employment high in the construction industry. If they used tractors or modern road building equipment, fewer people would have jobs was his host’s logic.
"Then instead of shovels, why don’t you give them spoons and create even more jobs?" Friedman inquired.
Not only was he clever but he had a lot of influence on powerful people of his time.
11 sats \ 2 replies \ @kepford OP 10 Jul \ parent \ on: The Robber Baron Myth - Milton Friedman econ
There's common ground for sure. I like him, and he had some great talking points and his way of debating people was fun to watch.
11 sats \ 0 replies \ @kepford OP 10 Jul \ parent \ on: The Robber Baron Myth - Milton Friedman econ
I NEVER hear anyone outside of our circles talk about monetary inflation for example. They only talk about prices and complain. They talk about interest rates. Its maddening when like me you are around people that talk about things that are impacted by monetary policy weekly. I'm not even expecting them to agree with me, but its like its completely invisible to them.
I think this is VERY intentional from the position of the elites. They have done a great job mal-educating the masses on economics. The problem isn't that they don't teach people about supply and demand. Its the invisible nature of the FED and the unit of account being a moving target.
I bring this up sometimes and its like people have antibodies to questioning money supply's affects. They shut it down. Closed minds fully on the topic. Its rather absurd to witness. Its why I don't think information is the solution to our problems. Its gotta be real. Bitcoin making people rich is the ONLY way the system is changed. People are intellectually handi-capped.
Yep, but I could do more. IMO you need to use it to the point that it isn't scary and that takes a lot more time.
11 sats \ 5 replies \ @kepford OP 10 Jul \ parent \ on: The Robber Baron Myth - Milton Friedman econ
He's not an Austrian and his views on monetary policy don't align with bitcoin as well as someone like Mises, Hayek, or Rothbard. If you are a big fan I can see that but from where I'm sitting that's not the case. I mean, I think all of these guys should be getting more attention in general but the bitcoin world is far better equipped economically than the rest of the world.