OmniFinn
Niko 📚 Konsensus Network

Shadowy Super Publisher
A citadel starts with a library.
📚 Book a free call with me: starfishbook.com
Services: konsensusnetwork.com

Public Key

npub1905c85e2nr25650up3wxjw0hs2arlz9xd4zw02juanaftyag3eyqsn3w9x

NIP-05 Address

[email protected]

Profile Code

nprofile1qqszh6vr6v4f342d287qchrf88mc9w3l3znx63884fwwe754jw5gujqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsxknkl8

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub1905c85e2nr25650up3wxjw0hs2arlz9xd4zw02juanaftyag3eyqsn3w9x

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Last Notes

2026-03-14 21:02:40 UTC

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How do you even give a zero black heart here? 😭
https://blossom.primal.net/fc3f01d68764aa66b622674f2bdc1ecc4bcb492499524e95db59af3b70ee1e3e.jpg
https://blossom.primal.net/f5241e3558332abaa33c8d2967154121a2cc71e848e45bbb31c22850a6afe25c.gif

2026-03-14 20:58:08 UTC

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That’s rad! Someone should offer these in Europe.

2026-03-14 20:53:13 UTC

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Hey! I use them on occasion.

2026-03-14 20:18:27 UTC

Money is a constraint set. The constraints determine the outcome.
This is the single most important idea in monetary economics, and it is the one most often buried under ideology, sentimentality, and confusion.
Gold is hard to dig out of the ground, hard to counterfeit, hard to transport across oceans. These are constraints, and for five thousand years they produced a particular kind of economic behavior: careful investment, patient accumulation, and a natural resistance to the concentration of monetary power.
Fiat currency is easy to produce, easy to expand, and easy to direct toward those closest to its source. These are different constraints, and they produce a different kind of economic behavior — the kind we live under now.
Bitcoin is hard to compute. That is its constraint. And the economic behavior it produces is something we are only beginning to understand.

2026-03-14 20:13:25 UTC

Bitcoin does not guarantee prosperity, but fiat guarantees poverty.

2026-03-14 20:12:18 UTC

If dead men can HODL, then what are you doing that they cannot?

2026-03-14 18:02:24 UTC

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https://blossom.primal.net/f50b9e99c03de81d156ce272e9ffa4b121c18f38aa75615b75fe13faf5a84c84.gif

2026-02-16 12:00:13 UTC

Every time.
https://blossom.primal.net/36fd2845e9e8857fc8f3c29357d8a01c808844c49b7d85a4ed27fb5d999e2185.jpg

2026-02-14 15:56:16 UTC

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I doubt your target audience has 1btc to wager.

2026-01-23 19:00:24 UTC

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Beautiful!

2026-01-16 11:46:36 UTC

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A citadel begins with a library.
#nevent1q…t8dl

2026-01-16 07:26:05 UTC

Taxes aren't just numbers
They're scheduled theft
Every apple taken from the farmer is an apple tree that never grows
Society loses what could have been
The damage is invisible but massive and irreparable
Research the broken window fallacy, and you will soon realize what the state really took from us. The future we never got to experience.

2026-01-14 07:12:10 UTC

Market balance drives competitive individuals into cooperation. We call these "collectives" companies.
Behind the “power of the masses” is always the individual's pursuit of self-interest.
In collectivism, the driving force is stealing. Know the difference.

2026-01-14 07:08:52 UTC

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Yes! Terrence Mckenna said psychedelics don’t work in stupid people. I believe same is true for bitcoin.

2026-01-13 05:34:44 UTC

Everyone talks about time preference, but nobody admits: it's never zero. We all want our reward sooner, not later. Delay is just a tradeoff. Kids want candy now. Adults, perhaps later, but never never. Sooner is always preferred; any delay of gratification is explained by the desire to attain even better outcomes by doing so.

2026-01-12 05:35:32 UTC

Psychedelics are the least dangerous substance for individuals, but the most dangerous for governments.
Think about it.

2026-01-11 16:07:20 UTC

3 steps before any human action:
- Uneasiness hits
- Imagination fires: what if things were better?
- Belief: THIS move might fix it
No unease, no action.
Saving your money is a deliberate act.
Inaction is sometimes the most powerful action.

2026-01-11 08:37:20 UTC

The heaviest price you pay is all the roads you didn't take.
Opportunity cost is an overlooked yet crucial metric in human action.
Sometimes, the price you pay by foregoing an alternative future matters a lot more than the cost of executing your action.
Formal education is an excellent example of this:
What could you have achieved if you followed your dreams instead of taking the road of compliance?
It is easy to analyze what happened and impossible to examine what never happened.

2026-01-07 19:05:00 UTC

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https://konsensusnetwork.com/read/a-brief-history-on-bitcoin-books-publishing/

2025-12-09 06:32:12 UTC

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https://bitcoinbook.shop

2025-10-10 10:23:09 UTC

They used to call them the Filter Wars. But you won't read about them in school. https://blossom.primal.net/61adde7ac1c7ee8c3a8423c2622a2074a10839077e8930a7878ee8b57d793999.jpg
Not wars of fire or blood, but of words, rules, and updates.
Initially, the timechain network behaved like a mirror, or so it was believed - glimmering imperfect but sincere, reflecting an unbounded and brutally honest truth. Every signal was echoed freely: the noble, the trivial, the obscene. For a time, this was considered freedom. But as the noise grew, so did the weariness of those who had their ear to the timechain.
Then came the whispers of order. "Without filters," they said, "the signal will drown in garbage." The shift was from quantitative to qualitative filtering. That’s when engineering became theology.
And so the rules began. A single exclusion, meant only to protect and serve. Then another. Then a plethora. Each one a kindness, a safeguard, a small surrender in the name of preservation.
But filters required caretakers. Caretakers became councils. Councils became authorities.
Soon, to maintain a node was no longer an act of independence, but a devotion to an ever-changing doctrine, recited and updated in ever-excluding cliques.
They said it was free.
They said it was fair.
They said it was ours.
And yet, with each new version, the mirrors dimmed. What was ours gradually became theirs. What we sought to prevent by adopting immutable truth imbued in the timechain, became a perversion - a party line pre-approved by the Zealots who called themselves Wardens of the Timechain.
From there, the Wardens' logic spread.
If certain data is undesirable and it must be blocked from the timechain, why not from our feeds? From our dreams? From the streets? Filtering isn’t censorship. It’s entropy management.
So was born Terra Perfectus - the perfect world. A world cleansed of impurities and noise, where every thought passed through the scrutiny of the filters of the Wardens once put in place, training pattern-recognition nodes to detect anomalies and over time, the anomaly detector became self-referential.
The Observer did not arrive with armies - it was invited, line by line, into the code. noderoid.com
https://blossom.primal.net/d2a8c9395bdfdd6529fa8c38d6f942a595cc5496683d31a515a77bc77fe884b9.jpg

2025-10-07 15:03:56 UTC

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Exactly! This is why I wanted to expand, not replace praxeology. I am a long standing student of Mises and Rothbars in praxeological tradition and have nothing but respect for them. I just one day thought about Keynes and animal spirits and took a cold hard look at the world and thought, that guy was onto something. He just used it to justify some evil monetary witchcraft. Thanks for the comment.

2025-10-04 11:18:12 UTC

*Praxeozoology*
/ˌpræk.si.oʊ.zoʊˈɑː.lə.dʒi/
Noun.
1. An extension of praxeology (the logic of human action) that explicitly incorporates animal spirits, our evolved impulses such as fear, status-seeking, optimism/pessimism, and desire into means–to-ends analysis. It treats emotions and instincts as primary inputs advising choices, expectations, and market coordination under uncertainty. Let's dive in.
Have you ever wondered what really drives human behavior? Are we creatures of reason, calmly weighing our choices in pursuit of optimal outcomes, or are we animals first, propelled by instinct and emotion beneath our polished rationality?
A bit of both.
To explore this, we need a new perspective. One that connects the clean logic of economics with the raw impulses of biology. Welcome to Praxeozoology: the study of human action through the combined lenses of praxeology and zoology.
But before diving into this peculiar fusion of fields, we should start, not with Adam Smith, as tradition might suggest, but with a lesser-known economic philosopher who beat him to the punch.
In 1765—eleven years before The Wealth of Nations—Finnish priest and politician Anders Chydenius published The National Gain. In it, he described how individuals acting in their self-interest could unknowingly contribute to the prosperity of society. This was the original formulation of what would later be immortalized as the “invisible hand.”
“... that every individual spontaneously tries to find the place and the trade in which he can best increase National gain, if laws do not prevent him from doing so.”
—Anders Chydenius, The National Gain
Chydenius saw freedom of trade and expression not just as moral imperatives, but as natural extensions of human nature. He wanted to leave people to their own devices, and let good emerge as a—sometimes unintended—consequence.
It was a proto-praxeozoological view that recognized human economic behavior as both rational and instinctive, deeply rooted in our animal nature.
*Adam Smith and Rational Self-Interest*
Adam Smith refined this idea into the elegant theory of market equilibrium, the concept that individuals pursuing self-interest in competitive markets create benefits for the whole economy.
“It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.”
—Adam Smith, The Wealth of Nations
Smith emphasized rational self-interest, but even he was aware of its limits. His lesser-cited work, The Theory of Moral Sentiments, explores the emotional foundations of our ethical judgments, revealing that economic man was never entirely rational to begin with.
“Man naturally desires, not only to be loved, but to be lovely.”
—Adam Smith, The Theory of Moral Sentiments
Where Smith provided the intellectual foundation of praxeology, he also hinted at the animal impulses that complicate it.
*Introducing Praxeozoology*
Praxeozoology is a thought experiment-a hybrid theory. It accepts that
☑️ humans act purposefully to achieve chosen ends,
☑️ but also that we possess animal instincts honed over millions of years of evolution.
It accepts and embraces that every market decision is a negotiation between our inner beast and our calculating mind.
This framework leaves space to emotion, intuition, status-seeking, fear, and pleasure, not as irrational anomalies, but as foundational inputs to economic action.
*Nash Equilibrium: Structural Self-Interest*
Let’s journey forward to the 20th century to meet John Nash, who provides a mathematical framework to understand how competing interests can reach a balance. The Nash Equilibrium is a state in which no actor has anything to gain by changing their strategy alone, given the strategies of others.
Nash proved that complex, even selfish behaviors can lead to stable systems in which cooperation and competition coexist. It’s a beautiful realization: we don’t need perfect rationality for coherent outcomes-just consistent patterns of behavior.
“An equilibrium point is an n-tuple s such that each player’s mixed strategy maximizes his payoff if the strategies of the others are held fixed. Thus each player’s strategy is optimal against those of the others.”
—John Nash, Non-cooperative Games
This fits neatly within praxeozoology. Nash doesn’t ignore animalistic behavior either. He demonstrates how human action, through the taming of our animal spirits, evolves into systems, expectations, and societal norms.
*Rothbard and the Action Principle*
For the Austrian School, Murray Rothbard extended Ludwig von Mises’ ideas into a comprehensive theory of human action. Praxeology, in this tradition, views all economic behavior as intentional, purposeful, and deeply personal.
Rothbard’s brilliance lies in defending subjectivity. He didn’t claim humans always act rationally, only that they act according to their values, even if those values seem strange or contradictory from the outside.
As well as instinctually, we know this to be true empirically: acting like an asshat bears a real cost. What is human interaction if not trading something of value for other, even more valuable things? Praxeozoologically speaking, modifying and compartmentalizing our behavior to best respond to the game afoot.
“Selection will discriminate against the cheater if cheating has later adverse effects on his life which outweigh the benefit of not reciprocating.”
—Robert L. Trivers, The Evolution of Reciprocal Altruism (1971)
To deny our (albeit tamed) animal spirits is to discard what made humans the apex predator in the first place: the ability to empathize with irrational actors and adjust our behavior accordingly. Politics, essentially.
Your desire for fame, your fear of missing out, and your desire to be lovely are not glitches but survival heuristics from your inner animal.
*Keynes and the Return of the Beast*
Where the Austrians emphasized individual calculation, John Maynard Keynes emphasized emotion, uncertainty, and confidence. He coined the now-famous term “animal spirits” to describe the primal urges that drive economic decisions, particularly in uncertain situations.
From investor euphoria to consumer panic, Keynes saw that instinct often overwhelms reason, especially in volatile times. His insight helps explain bubbles, manias, crashes, and why purely rational models fail to predict them.
Praxeozoology adopts Keynes' concept of animal spirits, but not as a catch-all explanation for anything difficult to explain. Where Keynes used “animal spirits” to get away with economic-theoretical murder, praxeozoology treats the economy not as a machine, but as an ecosystem of creatures striving to survive, signal, mate, and avoid shame. A system that is impossible to accurately predict or control. The pretense of such ability is the cardinal sin of modern economic theory.
“Even apart from the instability due to speculation, there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than on a mathematical expectation, whether moral or hedonistic or economic. Most, probably, of our decisions to do something positive… can only be taken as a result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.”
—John Maynard Keynes, The General Theory of Employment, Interest and Money
*Hayek and Subjective Value*
To fence in our theoretical zoo, F.A. Hayek brings in the insight that value is never objective. It’s personal, contextual, and constantly changing.
Hayek argued that prices are a communication system—signals passed through the noise of time, place, and ignorance. However, this also means that those signals are interpreted and garbled by deeply flawed, emotional, and instinctive creatures.
Through praxeozoology, Hayek’s insight becomes even more powerful. Markets don’t merely reflect supply and demand-they reflect fear, lust, pride, nostalgia, and pain.
Prices are stories of our conquest to tame our animal spirits in pursuit of better individual outcomes.
*The Rational Animal, Still an Animal*
Praxeozoology isn’t a rejection of praxeology or rational economics-it’s an expansion of them. It reminds us that we are neither angels nor computers, but animals who act. We evolved to survive, signal, and navigate uncertainty, not to be perfectly consistent or purely logical.
By weaving together the timeless insights of Chydenius, Smith, Nash, Mises, Rothbard, Trivers, Keynes, Hayek, and many others, we begin to see a more complete picture of human behavior. One that is layered, intuitive, emotional, and most importantly, alive.
So the next time you find yourself making a “rational” choice, consider that your inner animal may just be rationalizing its appetite.
https://blossom.primal.net/7fca0164b8a1eb6ee645dd00c4a00a05d504938536f79f2e6c3e222eace3ccdf.jpg
https://blossom.primal.net/ab44c9fd17eb3ec84c4cee6e95ca023f0d883c76d167bce6a0725073a4733560.webp
Resources:
https://archive.org/details/in.ernet.dli.2015.207956/page/n11/mode/2up
https://kootutteokset.chydenius.fi/kirjoituksia/den-nationella-vinsten/
https://www.adamsmithworks.org/documents/chapter-ii-of-the-love-of-praise-and-of-that-of-praise-worthiness-and-of-the-dread-of-blame-and-of-that-of-blame-worthiness
https://t.co/8FhXnBZhoL
https://t.co/ka0VEzjxFb
https://mises.org/library/book/man-economy-and-state-power-and-market
https://t.co/tmoZN6Yj73
http://marxists.org/reference/subject/economics/keynes/general-theory/

2025-08-12 21:15:26 UTC

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Publishing this very soon. Probably out next week!
https://blossom.primal.net/2725e3b0c6c1ec4672f0b43207fa22faece1c2f114dc58143553a68f93f5b399.png

2025-05-27 18:45:54 UTC

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Nice cover!

2025-05-27 11:14:39 UTC

If you know who this is, I want to follow you.
https://blossom.primal.net/e7f602259ed3f453ae8eb4f3854e83497859b79949fb6e0780305ed19d9da134.jpg

2025-05-10 22:25:07 UTC

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What is zero-custody? Ownership?

2025-05-09 14:59:34 UTC

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@nprofile…jvwx Network

2025-04-29 22:34:26 UTC

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Officially live now!
#nevent1q…h32y

2025-04-25 20:19:09 UTC

Can we ever really own ideas? 🤔
At Konsensus Network, we publish books and deal with Intellectual Property (IP) on a daily basis. Libertarians disagree on whether ideas can be owned.
Here’s my take.
What’s IP?
Copyright ©️ for creative works
Patents 👨‍⚖️ for inventions
Trade Secrets 🤫 for business edges
Trademarks ™️ for brands.
I’m focusing on copyright—my wheelhouse as a publisher.
Why the Debate? 📢
In 2025, digital media is everywhere. Copying is instant and free. So, can you own a song or book when it’s shared globally?
What’s your take on digital copying?
Copyright’s Roots ©️
In the 18th century, copyright let creators control the distribution of their works. If a printer copied a poet’s book without permission, it was considered theft. Fair? Maybe not.
Fairness vs. Contracts 🤝
Talking about fairness leads to murky debates about the ‘greater good.’ Contracts are clearer. If I share my idea under a contract and you break it, you have violated a contract, not stolen an idea.
Digital Age Twist 🍎
Copying digital content doesn’t take anything from the creator. It’s not like stealing an apple (that’d make you a jerk). Ideas aren’t scarce, but the work to grow and share them is.
You can’t own (raw) ideas. 💡
Per Stephan Kinsella
“A system of property rights in “ideal objects” necessarily requires violation of other individual property rights, e.g., to use one’s own tangible property as one sees fit.”
Trying to prevent anyone from interacting with an idea restricts their freedom of action.
Yes, his book is available for free at mises dot org.
My idea for a book is free; take it. My book is not free; buy it.
If you take my book and sell it as your own, I will come for you. I have made my idea scarce by acting as its steward and protector.
Welcome to Action-Based Property 🎬
“A framework of ownership that emerges through acts of creation, use, and cultivation. Not established by exclusion or enforcement, but by participation and ongoing contribution.”
Our way at @nprofile…l38v 𓇼
We publish paper and electronic books. Some are free, some are paid, and some are remixed. We don’t believe in state-backed IP laws or patents. We believe in private contracts.
Buy a book, and it’s yours—per the contract.
https://m.primal.net/QdLN.jpg
https://m.primal.net/QdLP.png
https://m.primal.net/QdLQ.png

2025-04-21 22:54:19 UTC

https://m.primal.net/QYmS.jpg

2025-04-18 23:30:52 UTC

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AI is a tool for improving. Being stupid makes you the tool. And it’s only charming because it feels good to see someone worse off than yourself. This is why “funny” home videos are so popular.

2025-04-17 23:11:12 UTC

Hot tip!🔥
You can get these Rothbardian entry-level wisdom nuggets for 4 bucks on Amazon. They're great for keeping in your pocket and leaving at random places. Everyone should read this.
https://m.primal.net/QUMd.jpg

2025-04-17 23:10:07 UTC

Can ideas be property? Yes.
Does property require state enforcement? No.
“But then anyone can take my idea and make it better!”
Yes. That’s the point.
Now, improve your idea or come up with a better one.
Property emerges through human action. Always has been.
https://m.primal.net/QUMZ.jpg

2025-04-17 23:09:07 UTC

I will take artificial intelligence over real stupidity any day of the week.

2025-04-17 23:07:42 UTC

Action-based property
/ˈæk.ʃən beɪst ˈprɑː.pɚ.ti/ noun
A framework of ownership that emerges through acts of creation, use, and cultivation.
Not established by exclusion or enforcement, but by participation and ongoing contribution.

2025-03-23 14:09:21 UTC

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Thanks for the awesome trailer, once again!

2025-03-21 13:45:18 UTC

The trailer for @nprofile…ra32 Financial Fallout is finally here! Amazing work by @nprofile…jfj9!
https://m.primal.net/PnpL.mov

2025-03-13 10:58:54 UTC

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LFG!!
#nevent1q…4snd

2025-02-28 10:43:43 UTC

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In typesetting now

2025-02-19 20:45:30 UTC

Follow the human writer!
#nevent1q…ut05

2025-02-16 07:27:30 UTC

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Always happy to talk proper sauna!

2025-02-04 21:21:00 UTC

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My pleasure! Thanks for the video. Put it in heavy rotation on telegram as well.

2025-02-04 21:19:54 UTC

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I don’t know. Do they?

2025-01-30 07:11:21 UTC

When a government official or a central banker says they are going to ”buy bitcoin,” what they really mean is ”we are going to flood the market with IOU’s.” There will be no supply shock.

2025-01-21 23:07:50 UTC

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Looks pretty conclusive!

2025-01-14 16:16:04 UTC

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Looking forward to it!

2025-01-13 21:43:49 UTC

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@nprofile…86ep check it out!

2025-01-11 13:43:47 UTC

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No, it didn’t!

2025-01-08 23:18:56 UTC

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Here is a hard copy. Great work!
https://m.primal.net/NYQE.mov

2025-01-06 02:21:04 UTC

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Me too

2025-01-04 22:19:28 UTC

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This is the way

2025-01-04 22:18:26 UTC

If you have the chance, talk with @npub1de8…0ezd!
#note1xxu…yqd9

2024-12-02 13:49:33 UTC

My response to ‘revolutionary publishers’ shilling AI.
You’re not disrupting anything.
Human action dictates whether a book succeeds or fails.
Last week, a picture of the four smug founder dudes from ‘revolutionary publisher’ Spines went viral.
Spines (https://x.com/Spines_com) is a platform that automates editing, covers, translation, audiobooks, and more.
The company raised $16m in VC and plans to publish 8,000 books next year.
Most people were pissed off when they saw the news:
-Publishers claiming it’s a predatory vanity press
-Authors bemoaning the fees, saying KDP is cheaper
-Readers questioning the need for a tranche of low-quality titles
-Editors and translators in fear of losing work
As a publisher with a similar model, I’m not pissed; I’m ambivalent.
Spines charges authors up to $5k to ‘harness the power of AI’.
True, they do provide authors with a cheap and fast option, while traditional publishers can take years to release a book.
All 8,000 books fail without anyone to read them.
When The Bookseller asked Spines to provide sales data for their ‘bestsellers,’ Spines refused 😅.
The lesson? Do the work or become the product.
Microsoft is also working with big publishers to train their AI models on their books, and many big tech firms and publishing houses are getting involved.
Here’s what I think is really going on…
It’s about the data. They want to train their LLMs on your manuscripts.
Spines and Microsoft don’t give a fuck if you sell any copies.
They want to build machines capable of cutting humans out of the creative process. They might even succeed.
My prediction? Penguin Random House will buy spines within 24 months.
But our community won’t give up the right to thought.
Konsensus Network has been connecting authors and readers since 2019.
We want to transform your ideas into books that change the world.
And we want you to succeed because we believe in the same ideals.
If you have a freedom manuscript in the works, I want to hear about it.
Book a free call with me, and let's strategize and go through your options.
https://calendly.com/konsensus
If you don’t invest the time, effort, and money in your book project, you don’t honestly believe in its ideas.
Authors who settle for a low-rent print-a-page service with zero strategy or support are spineless. And they know where to go.
https://stacker.news/items/791382
https://m.primal.net/MmEd.jpg

2024-12-01 21:22:44 UTC

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This is madness. The countries that don't steal from their citizens will end up on top. If you happen to live in one of the "welfare" countries, especially in the Nordics, it is wise to be on the lookout for relocation options. The statists will eventually run out of money and people to tax, at which point they will collapse to a third-world tier.
#note1vkr…hssf

2024-12-01 21:21:40 UTC

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This is madness. I think the countries who don't do this to their citizens will end up on top. I think it is wise to be on the lookout for relocation options if you happen to live in one of the "welfare" countries, especially in the Nordics. They will eventually run out of money and people to tax at which point they will collapse to 3rd world tier.

2024-11-23 17:06:01 UTC

#Soon
#note1hst…8jss

2024-11-21 10:59:38 UTC

It’s almost ATH!
https://m.primal.net/MdAp.jpg

2024-11-14 13:54:15 UTC

https://m.primal.net/MCzj.jpg

2024-11-13 02:38:24 UTC

Sorry bears…
https://m.primal.net/MBaU.mov

2024-11-13 02:36:45 UTC

Let’s not pretend to know the value of #bitcoin.
https://m.primal.net/MBaR.png

2024-11-13 02:34:27 UTC

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Indeed it does! But it’s still the best measuring stick in bitcoin purchasing power.

2024-11-12 00:55:14 UTC

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Fiat is INJUST and not money :) and it does break a lot of things tbh.

2024-11-12 00:53:57 UTC

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Of course. Bitcoin improves everything.

2024-11-12 00:52:51 UTC

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Thanks! We tend to forget that fiat ruins everything, including perspective.

2024-11-12 00:51:47 UTC

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Absolutely agreed!

2024-11-08 23:55:09 UTC

https://i.imgflip.com/99r9jc.jpg

2024-11-08 19:36:51 UTC

Remember, folks. It’s not ATH before 100k. Believe it or not, inflation affects #bitcoin USD-denominated price. I know, shocking.
#note1d4z…rhtq

2024-11-07 13:13:44 UTC

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Voting? What is this, a democracy all of a sudden?

2024-11-07 12:57:08 UTC

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That's right. And we are still used to getting robbed blind by it. Even after grokking bitcoin!

2024-11-07 12:55:15 UTC

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Thanks! The issue with M2 is that there is no real data. No-one knows or can know how much the real currency supply is. It's even better to use Big Mac index, although that suffers from shrinkflation. I still think gold is the only measuring stick that makes sense.

2024-11-07 12:52:51 UTC

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Sorry 😉 I just find it ironic that many bitcoiners have a blind spot on inflation when it comes to the ATH.

2024-11-07 11:58:25 UTC

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Totally agree! I am just pointing out that if you are going to measure the purchasing power of absolutely scarce money, you better do it in hard money with 5000 years of Lindy effect at least 😄

2024-11-06 23:02:34 UTC

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Ty sir! Ditto.

2024-11-06 23:02:06 UTC

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Unit of account has nothing to do with what bitcoin is or is not backed by. I am only pointing out the irony of measuring hard money purchasing power in soft money ibstead of another hard money.

2024-11-06 22:49:44 UTC

You can get 28.6 ounces of $gold with a bitcoin right now ($btc price 76189$). The #bitcoin #ATH was in November 2021, when you could get a whopping 37 ounces of gold with a single bitcoin. So today's price is about 77% off the ATH, meaning we need to see 98946$ to meaningfully speak of ATH.

2024-11-06 17:10:31 UTC

A friendly reminder that we are still far away from the #bitcoin 2021 ATH. https://m.primal.net/LukE.png