Dave86ch

Thank you spek. I usually prefer books as well, and I can suggest two amazing ones: "Meditation" by Marcus Aurelius and "The History of the Decline and Fall of the Roman Empire" by Edward Gibbon.

I resurrected Marcus Aurelius, the last of the Five Good Emperors of the Roman Empire. We discussed his personal life, success, society, and currency debasement, drawing on his experience with the now-defunct Denarius. https://dscompounding.com/2023/03/31/chapter-iii-digital-marcus-aurelius/

IMO, it's a checkmate situation. The inability of the central bank to raise rates without putting the financial system at risk fulfills the Bitcoin prophecy, which in the meantime has found its way as a hard money. This strengthens the myth and gives money to the supporters to play their role in the "reflexivity" dynamic. In other words, the Fed is financing its replacement because they don't have any other option. The more people realize the situation, the more people will switch.

I am Swiss, and for many years, people have been questioning the pension insurance. This is because they are starting to realize that people now receive less money than in the past. The whole Swiss banking system is a trap designed to ensnare people through disadvantageous social insurance, funds and mortgages. What will happen is that over time, people will start to understand what money is and the consequences of avoiding this topic. We are starting to think long-term, as a more informed species, and the battlefield is knowledge and the willingness to be informed and to inform. At some point, the compound effect will kick in, and people will suddenly realize that we are immersed in an unsustainable web of illusions. The walls of this farce are cracking, and a coat of paint is no longer enough. We have to consume less atoms, build more bits and redistribute deflation forces equally. In other words reducing inefficiencies.

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I think the same way because I'm used to avoiding being trapped by variables like time (but I get Balji's goal). However, the logic makes complete sense and the data are there. Hyperinflation, like many other events, usually catches people ill-prepared, as has happened every time in the past. It is a historical constant well depicted by stories like Noah and his ark. People mocked Noah when he was preparing his ark to save himself and his family. I don't think the story itself is relevant, but I believe there is a framework that tends to repeat throughout history. Rome and the Denarius are great examples, as well as well-known instances of hyperinflation in the modern era. I saw people caught totally unprepared here in Switzerland during the failure of Credit Suisse, which in my opinion was completely predictable. There are many signs that the world order is changing, as Dalio has extensively described.

Frankly, the hits keep coming for the USD and the western Bank System. Interesting analysis https://youtu.be/pP_HHE0kFhA

Bitcoin

What we are going to learn: - Marcus Aurelius’ introductory speech - The Structure of the Brain - A Battle for Minds - Illusions, Religions, Myths, and Mental Health - Data, habits, and practical approaches. - Cognitive Biases, thanks Charlie! https://dscompounding.com/2023/03/18/optimalism-the-mind/

Bitcoin

Thank you for your appreciation In my next article, I will delve into the mind and ask some questions to Marcus Aurelius a stoic perspective. My goal is not to sanctify these individuals, but to extract wisdom from this mix of light and dark that is humanity.

Yeah, frankly, Tether is the skeleton in the closet for this sector. I never understood why people like Szabo and Back are so close to Tether. Sometimes I wonder if bad actors can bootstrap a good technology that brings benefit to humanity. I mean, I see many ways in which Bitcoin could be a positive development for our species, but there are clearly dark forces involved along its path, Im not naive at the point to delude myself in the illusion that great achievements are free from sneaky incentives.

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“That sounds funny, making friends among the eminent dead, but if you go through life making friends with the eminent dead who had the right ideas, I think it will work better in life and work better in education. It’s way better than just giving the basic concepts.” Charlie Munger I have decided to bring Lee Kuan Yew to life and ask him some questions on how to build a strong and competitive community. https://dscompounding.com/2023/02/27/ai-and-community-consciousness-chapter-two/

Munger vs Saylor https://dscompounding.com/wp-content/uploads/2023/02/q4-OGJTcu5CYpnb2.mp4

It is a good book, and the idea of the network state is currently being implemented.

Imprecations aside, what is Munger's thesis? It always been in this way then it has to be like it forever? I'm trying to follow a more rational approach through my Diary https://dscompounding.com/2022/12/16/bitcoin-diary/

Well said!

I prefer to keep an open mind

To be honest, it may be true that we are better than many others, but in my opinion, we are the money launderers of the world and enjoy an undeserved wealth which allows us to act as if we are the best of the class.

Lugano, is the main city in the south part, where we speak italian.

I'm agnostic and I thought about this point many time, other than that I believe in determinism and free will is the fundation of Christianity at least.

I partially agree with you, but I wouldnt underestimate Saylor. I have listened to him many time and its poetic vision isn't necessarily madness.