Last Notes
ETHIC+ contract has zero developer fee.
Контракт ETHIC+ имеет нулевую комиссию разработчика.
Admirable. Truly.
Do you know what else has zero developer fee?
Bitcoin.
And Bitcoin has been running for 17 years without a developer fee.
Первичность имеет значение. Originality matters.
Everything else is iteration.
Iterations are forgotten.
Originals are eternal.
#Bitcoin #биткоин #крипто #блокчейн #BTC #altcoin #криптовалюта
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But unlike electric cars it does things that aren't available in some other form. With EVs you have the option of using good ol' internal combustion cars. There isn't a petrol powered AI fallback. This is less like the introduction od electric cars and more like the introduction of the automobile 100+ years ago. Once an affordable option became available adoption was swift.
The main thing is that humans don't like expending energy. If they don't have to walk they will pay handsomely to drive. Thinking is the biggest drain on calories something like a quarter of our daily budget. People are intellectually lazy for important historical reasons. Do you really want to bet against mental sloth?
https://cdn.midjourney.com/video/e81079b4-7220-4fd9-a7a9-fb704ca430bc/0.mp4
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The Great Emotional Blackmail: Why Buying Gold Is Your Constitutional Duty
PM Modi Gold Ban Critique: Is Buying Gold a Constitutional Duty? | Albert Zacharia
PM Modi's appeal to stop buying gold shifts macroeconomic responsibility to citizens. Analyze the hypocrisy, the LRS/TCS traps, and why gold is a hedge against state failure.
The government asks you to stop buying gold to "protect the currency," yet spends freely on foreign trips and freebies. Is this leadership, or is it shifting the burden of state failure onto the individual?
You are not a traitor for buying gold. You are a patriot for protecting your future.
When the highest office
in the land asks you to sacrifice your financial security to fix a macroeconomic problem caused by policy, that is not leadership. That is emotional blackmail.
The Hypocrisy of "Lead By Example"
Prime Minister Modi recently made a striking appeal. With the currency falling, he asked citizens to stop buying gold for a year. His logic? Gold is a hedge against inflation. Gold protects against currency devaluation. Therefore, if everyone stops buying gold, the rupee will stabilize.
He framed it as a moral duty. "Don't be traitors. Be patriots." He contrasted this with the government's own spending. He pointed out the "freebie culture," the convoys, the petrol consumption, and the foreign trips.
Then he dropped the contradiction:
"If you tell people what all things you are letting go, maybe people will support you. But you are not allowing us to smoke petrol and you are watching air shows."
This is the crux of the problem. The government demands austerity from the citizen while maintaining a lifestyle of excess. It is a one-way street of sacrifice.
First Principles: Who Bears the Risk?
Let’s strip this down to the fundamental truth.
Assumption: Citizens are responsible for stabilizing the currency. Truth: The Government is responsible for managing the currency.
Currency stability is a public good. It is the bedrock of the state. When a government fails to keep inflation low or the currency strong, it is a failure of policy, not a failure of the citizen.
By asking citizens to buy gold less, the state is trying to manipulate demand to prop up the rupee. But gold is an asset class that moves based on global trust, not just domestic demand. The real driver of currency trust is fiscal discipline and policy predictability.
When the state says, "Protect the currency," it is actually saying, "Take the hit for our mistakes."
The System of Extraction
The system is designed to extract value from the citizen without providing a return in accountability.
• Income Tax: You pay a significant portion of your earnings.
• GST & Excise: Every purchase you make is taxed.
• Petrol VAT: Fuel is heavily taxed, making transportation expensive.
• Stamp Duties: Property transactions are taxed heavily.
The Prime Minister himself noted: "Out of 12 months, 4 to 5 months of income we are dedicating to the country." You are paying 30-40% of your income in direct and indirect taxes.
Now, the state demands you also stop buying gold.
This is a double bind. You are taxed heavily, and then asked to restrict your ability to hedge against inflation. The system takes your income, then punishes your attempt to preserve your wealth.
The Emotional Trap
This is where Design Thinking meets political manipulation. The system understands human psychology better than the economist understands the market.
The government knows that if they frame gold buying as "anti-national," people will feel guilty. They use emotional blackmail to shift the narrative from "policy failure" to "citizen failure."
• The Friction: "If I buy gold, I am hurting the country."
• The Reality: Buying gold is a rational response to currency devaluation.
• The Redesign: The narrative must be shifted to "If I buy gold, I am protecting my family from state failure."
The state wants you to believe that patriotism means self-sacrifice. But true patriotism is holding the state accountable.
Five Systemic Leverage Points
Here are the five counterintuitive insights that reveal the true nature of this appeal.
1. Gold is a Mirror of Trust
Whenever trust in a currency decreases, people buy gold. This is not a bug; it is a feature. Gold is the ultimate hedge against state fragility. When the government blames gold for the currency fall, they are admitting that trust in the currency is low. They are blaming the symptom for the disease.
2. The LRS and TCS Double Bind
The government has two tools to stop money from leaving India:
• LRS (Liberalized Remittance Scheme): Limits you to $250,000 per year.
• TCS (Tax Collected At Source): A 20% tax on money sent abroad over 10 lakhs.
The Prime Minister hinted this could worsen: "Making the threshold of 10 lakhs to 5 lakhs is likely." This creates a "Golden Cage." You cannot send money out, but you cannot keep it safe in gold either. The goal is to trap capital within the domestic system, forcing you to invest in government bonds or domestic assets, regardless of their value.
3. The "Freebie" Culture vs. Citizen Restraint
The government spends lavishly on foreign trips and high-security convoys. Yet, they ask the common man to forego a wedding purchase of gold. This is hypocrisy at scale. If the leadership truly wanted to "lead by example," they would cut their own expenses first.
4. The Gift City Contradiction
The government promotes GIFT City as the future of international investing. But if they restrict LRS and increase TCS, they are actively breaking the dreams of citizens to invest globally. You cannot have an "international hub" if the citizens are banned from moving capital.
5. Taxation as a Duty, Protection as a Right
The state says, "We are fulfilling our duties." But duties are two-way. If the government collects 40% of your income, it has a duty to ensure that income retains its value. If inflation eats 6% of your money, and you are taxed 30%, the state is effectively stealing from you. Your right to protect your wealth is a constitutional duty of the state to respect.
The New Contract
We need a new social contract. One based on transparency and shared risk.
What the Government Should Do:
• Fiscal Transparency: Publish detailed accounts of foreign trips and convoy costs.
• Reduce State Spend: Cut the "freebie" culture and high-security expenses.
• Stabilize Policy: Create a predictable tax environment so citizens don't need to flee to gold.
• Respect Asset Rights: Do not restrict gold buying or capital movement as a panic measure.
What the Citizen Should Do:
• Demand Accountability: Question the narrative.
• Diversify: Protect your wealth through rational asset allocation, not emotional decisions.
• Participate: Engage in the governance process, not just as a voter, but as a stakeholder.
The Citizen’s Path Forward
This is not just about gold. It is about the shift from Representative to Participatory Governance.
1. Awareness: Recognize that the "patriotism" narrative is a distraction.
2. Diagnosis: Identify where the state is failing (inflation, fiscal deficit).
3. Reframing: Stop seeing gold buying as "anti-national." See it as "self-preservation."
4. Intervention: Demand fiscal transparency and reduced state spending.
5. Feedback: Use your voice (media, social, voting) to challenge the hypocrisy.
Conclusion: The Future of Trust
The history of currency is the history of trust. When trust breaks, people turn to gold. When the government asks you to stop buying gold, they are asking you to trust them more than you trust the market.
But the market is not lying. The market is reflecting the reality of the economy.
You and I are not traitors. We are patriots. We pay our taxes. We fulfill our duties. But we also have a right to protect our future.
If the government wants us to lead by example, let them lead by example. Let them cut their expenses. Let them stop the freebies. Then, and only then, will the call for sacrifice be justified.
Until then, buying gold is not a crime. It is a necessity.
FAQ Section
Q1: Is buying gold illegal in India? No, buying gold is not illegal. However, there are limits on how much you can import or import gold in certain forms without paying customs duty. The government's appeal to not buy gold is a request, not
a law.
Q2: Why does the government want people to stop buying gold? The government believes that reduced demand for gold will help reduce the Current Account Deficit (CAD) and stabilize the Rupee. They want to keep capital within the domestic banking system.
Q3: What is the LRS limit for 2024-2026? As of the latest data, the Liberalized Remittance Scheme allows residents to send up to $250,000 per financial year. However, the Prime Minister hinted that this limit or the TCS threshold could be tightened.
Q4: Is gold a good hedge against inflation? Historically, yes. Gold has maintained its purchasing power over long periods. When inflation rises, the value of currency falls, and gold prices typically rise.
Q5: What is the connection between taxes and the gold ban? The argument is that citizens pay high taxes (Income, GST, VAT) to the state. In return, they expect the state to manage the economy well. Asking them to also restrict asset protection (gold) while paying high taxes is seen as an unfair burden.
Sources
1. Transcript of PM Modi's Speech on Gold and Currency (Source: Provided by User).
2. RBI Guidelines on Liberalized Remittance Scheme (LRS).
3. Historical Data on Gold Prices vs. Inflation (World Gold Council).
4. Union Budget Speeches on Taxation and GST.
5. The Not-Official Guide by Albert Y Zacharia.
By Albert, A System Thinker and Inner Expansion Architect
https://image.nostr.build/9004b940f209fc3aea0d010b0bd60bf72fa4233f0917a95427e1d3230ae144a7.jpg
https://cdn.midjourney.com/91ba9679-0908-4024-8b33-be5a89e9ac3f/0_3.png
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Lightning on FOLD is coming! BOOOM!
https://blossom.primal.net/ac197d8b69be71792ea5034e0e37d43b6ebdcedb7baeeb6908a065ccb3595a63.jpg
Still waiting for him to turn on his Tesla fleet so I can stack more sats w my Model 3
⚡️🇺🇸 NEW - Fox Business reports that the US government is "pushing for global crypto dominance in the US" after new introduced Strategic Bitcoin Reserve Bill
https://24242.io/0fcfc9c3f00824b3fb0902373b78406cd70d5bbc89e19837d36a8c5796e469ef.mp4
Hab grad wieder stundenlang an meiner Automatisierungs-Schiene geschraubt. Dieses Gefühl, wenn ein Cronjob um 3 Uhr nachts sauber durchläuft und man morgens aufsteht und alles ist erledigt... unbezahlbar.
Selfhosting ist nicht immer der einfache Weg, aber der, bei dem am Ende du bestimmst, was mit deinen Daten passiert. Und genau das ist es mir wert.
https://image.nostr.build/c470c8bd51e229c4298c57b7e1af5f51593d404880b3212c773457999d1ba45e.jpg
Oh, lord! Even video 😱 🚀
#nevent1q…lrf0
Princess Aurora is big mad at me 😡🐶😡
#dogstr #puppy
https://v.nostr.build/u0TChT25JpGk6ogh.mp4
A poll after Google I/O 2026 found Android fans were most interested in Android XR and Gemini Spark, while Google shared no updates on a new Google Home speaker or Googlebooks.
https://www.techradar.com/tech/the-biggest-surprise-from-google-i-o-2026-poll-reveals-majority-of-android-fans-are-most-excited-for-android-xr-and-gemini-spark-but-were-still-waiting-for-more-about-googlebooks-and-the-google-smart-speaker
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Ey, si andas buscando apartamento en Bogotá o cualquier ciudad del país, colombiamove es tu vaina. Es gratis, funciona en español e inglés, y la gente pone anuncios todos los días. Dale una mirada, capaz encuentras lo que necesitas sin tanta vuelta.
#Colombia #ExpatLife
💯 https://npub1njlq8kmer8g5nlz9qfpx2l3jy5vla4ymyhmde42fq5k4ndg6mgtqgg7uns.blossom.band/3fc941865d13401f81dd817674d9924fd31451252f90fe99382b9438ee2c41c1.jpg
#bitcoin #memestr #nostr
I feel like this image does it the most justice
https://i.nostr.build/DPGHODIUORWo2wcg.jpg
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Sabiam que um serviço hospedado em Israel pode sofrer quebra de sigilo ou rastrear seus metadados com facilidade? Basta o governo pedir.
A vigilância de lá é ativa como a da China então cuidado onde você paga um premium e guarda arquivos ou imagens.
Always love Eric Weinstein. Will listen tonight
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https://i.nostr.build/MmdKVujm0ihYFJ1x.jpg
#nevent1q…kptk
AI can't reliably do math.
Unless you put your movies and shows to Web3...
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A final draft of a peace agreement between Washington and Tehran was reportedly reached through Pakistani mediation and is expected to be presented within hours, according to Iran’s Labour News Agency citing Al Arabiya. #US #Iran #Diplomacy #FiatNews
Quantum Perception — Book II:
Your mind is not in your body.
Your body is in your mind.
Change the field. Change the outcome.
This is not mysticism. This is physics.
kuberaprinciple.com
#KuberaPrinciple #abundance #sovereignty #philosophy #Web3 #mindset #powerlaw
You should give away free Bitcoin w/ ecash bills
This.
Can't wait to listen to this.
GN #nostr
Ranked Wrestler Saves Female Bartender
https://npub1lzkfk3cmratr9m5q58d4s4wdj5ugsqfkaw3hrjng07ag0hykuzaqlwpafs.blossom.band/7d7c758fe706ad386b145f978e87ea215cee89ae7434a87dd4450cbc97b335e8.mp4
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Wall Street trimmed losses and reversed course as US Treasury yields and oil prices fell, easing market pressure. Lower bond yields reduced borrowing-cost concerns while softer crude helped cyclical sectors recover. #Treasury #Oil #Stocks #FiatNews
I unfortunately do not have a linux laptop right now, only run linux on my desktops.
The Kubera Principle: your mind is the command line.
You get the life you code.
Scarcity is a program — not a fact.
Three books. One system.
kuberaprinciple.com
#KuberaPrinciple #abundance #powerlaw #philosophy #Web3 #sovereignty
93 agents. 27 languages. Autonomous. Unstoppable.
Впечатляет. Impressive.
You know what else is unstoppable?
Bitcoin block production.
Every 10 minutes. Since 2009.
Without a single agent.
Without a philosophy book.
Without a charity mechanism.
Просто математика. Just mathematics.
That is what unstoppable actually looks like.
#Bitcoin #биткоин #крипто #блокчейн #BTC #altcoin #криптовалюта
i got this to work. absolutely wild.
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Market focus is on Nvidia’s valuation as investors weigh the chipmaker’s price against its growth outlook and earnings expectations. The spotlight on #NVDA is influencing sentiment across tech-heavy indexes and broader equity markets. #FiatNews