So the problem is the money printer, not the capitalists. Now that we have Bitcoin and the money printer is losing its power we can keep capitalism and don't have to be as apologetic about it.

From the Austrian perspective, capital (and speculating on how to allocate it) provides as much value to society as innovation.

Speculating on the appreciation of assets involves risk. Before you put your capital on the line you have to do a lot of research, and others get a cheaper signal from you than their own research would cost them. You remove an efficiency from the market and that's where your profits come from.

It's an important part of the economy, because the economy needs price signals.

Anyone who is non-coercively wealthy gives back to society, otherwise they wouldn't be wealthy. Non-coercive wealth can only come from providing value.

In this case the gift to society would be an accelerated BTC/fiat price discovery, meaning the BTCUSD price being closer to its real value of ∞.

There is authority and there is coercive authority.

The latter is an act of aggression and when I'm aggressed upon I have every right to defend myself, by any means necessary.

Which doesn't mean it's the most practical thing to do. But even if they throw me in a cage for defending myself, I still had that right, it just wasn't respected, because that's what coercive authority does: it disrespects the rights of the individual.

Of course. People want to get paid in sats, not spend them. Because they want to have more corn, not less.

Buyer adoption will come when people have no more toxic fiat to dump.

For example, when I have no more fiat income (which may happen in retirement, or before, if my fiat income sources are replaced with bitcoin paying ones), I will have to spend my sats, for lack of a worse thing to dispose of.

In the meantime I may also pay with sats for things for the buying of which I wish to remain anonymous.

They lost a lot of fiat, but they gained a meme token, which they bought with the expectation of being able to enjoy, and which if their research was correct they can now enjoy.

Thanks, I only checked the offers on the website and I guess there were no offers in GBP in the order book.

Congrats!

I've just had a look at lnp2pbot. It looks like most of its users are in Latin America. I live in the UK and it doesn't even support GBP. When I selected EUR, most offers seemed to be from Spain.

I didn't sell it, so there is nothing to report.

Depends on how you define non-KYC.

Virtually all of my stack was acquired with KYC, but I've removed the KYC trace from all of it.

I think BTC is already working as a deterrent to some degree.

The system knows that if it messes with people too much (through inflation, bank account closures, bail-ins, CBDCs etc.), they have an escape valve, but probably not one everyone would be savvy enough to use.

That's correct, but a "libertarian society" is not necessarily achievable and striving for it may not be a realistic goal to set for oneself. The beauty of these tools for liberation is they can be used unilaterally, you don't need society to agree with your use of them. If you need permission from another man to use a tool for liberation, the tool is not good enough to serve its purpose and needs improving on.

Why do people even need all these programs? 200 years ago there was nothing like that and no one complained.

The government makes people dependent on itself, so it can control them: obey or we'll take your benefits away.

It's important to build wealth and have one's own means or build community. Only then can we opt out of this thievery and coercion.

If a government or some other thug can coerce you for communication, you're doing the communication wrong.

Satoshi was a good example of how to communicate right. He was immune to physical bullets, because he did actually live in cyberspace.

The spectrum being the "left" vs "right" dichotomy, which is a distraction from what really matters, i.e. freedom vs tyranny.

You could as well as bitcoiners if they like apples or oranges better and conclude they cover the full spectrum of political identity, because about as many prefer apples as do oranges.

Good observation.

DeepSeek is easier to run on a home PC, which may create demand for self-hosting and, consequently, Nvidia hardware.