0 sats \ 0 replies \ @oomahq 28 Sep \ on: Starve the State, starve the banks, protect yourself, your privacy & liberty. v1 libertarian
I've been instinctively avoiding debt all my life.
However as I started to understand how fiat money works I'm realizing (cheap) debt is an important tool to keep one's head over the water line (granted, not for buying your primary residence).
In your bio you have the famous quote "People shouldn't be afraid of their government. Governments should be afraid of their people." from V of Vendetta.
A system like that where everyone depended on the goodwill of the government to meet their basic needs would be the exact opposite.
However taking responsibility of your own funds is very different than taking responsibility for someone else's. The stakes are much higher, especially if the amounts are non-trivial.
In other words I trust myself with my own self-custody, but I wouldn't ever want to be in a position where I can lose someone else's savings (people close to me that trust my judgement, to make things worse). Maybe the group of potential Uncle Jims is much smaller than the group of people who know how to self custody.
This chart says that both are turds falling from the sky.
There's no reason for Europeans to exchange their EUR for USD, nor for Americans to do the opposite. There are better options for both.
At the risk of stating the obvious, you cannot bond with people with whom you don't share common values.
My advice would be to find yourself some local, Mises-reading bitcoiners.
The dollar shitcoin does not seem to hold onto value any better than the euro shitcoin. If anything, EUR has appreciated about 14% against the USD over the last 2 years.
It's not beautiful nor wonderful.
Up until early 2023 the UTXO set was less than 5 GB, and that took 14 years.
Now it's pushing 12 GB, and these 7 GB of growth in the last 20 months are mostly unspendable dust outputs from inscription spam.
Basically running a node got noticeably more costly for no good reason (mind you, the UTXO set is unprunable and nodes try to keep it in RAM as much as possible).
Meh. If this fuckup doesn't end up bringing CrowdStrike under, maybe the cost of moving fast & fucking up royally from time to time is actually lower overall than building up these redundancies and not fucking up ever.