Ben Prentice

@mrcoolbp

Artist, linguist, armchair economist, time chain maximalist, understanding the paradigm of a world with ₿itcoin.

USA
Vrijeme pridruživanja: travanj 2008.

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  1. Prikvačeni tweet
    19. srp 2019.

    Inflation is the source of most problems society faces today. Real costs decline, prices rise, but wages don't. This illusory phenomenon has disrupted all exchange, entrepreneurship, workers, savers, and borrowers; it's corrupted our lives and culture. 1/

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  2. proslijedio/la je Tweet
    31. sij

    To IT people who work in organizations/enterprises that utilize Windows machines. When incorporating new clients do you purchase pre-config systems from say Dell or use bare bones and install OS, etc from an image, or do you have a VM environment.

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  3. proslijedio/la je Tweet
    30. sij

    Never a bad day to remind people the Fed was created by a cabal of bankers during a secret meeting on a private island.

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  4. proslijedio/la je Tweet
    29. sij

    As always 6102 coming in the clutch with a list of all the exchanges currently flagging users for keeping bitcoin fungible. Spread this list far and wide and stop supporting exchanges with your business who do this.

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  5. proslijedio/la je Tweet
    28. pro 2018.

    1/ People often ask me why I’m so “against” Ethereum. Why do I go out of my way to point out flaws or make analogies that put it in a bad light?

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  6. proslijedio/la je Tweet
    28. sij

    Why is hard money and isn't. A simplified overview of points I usually bring up when explaining the differences to new investors. I just can't recommend investing long term in a blockchain coin with unknown future supply cap.

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  7. 27. sij
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  8. 27. sij

    "Absolute mathematical scarcity achieved by consensus in a sufficiently decentralized distributed network was a discovery rather than an invention. It cannot be achieved again by participants aware of this, since the thing discovered was the resistance to replicability itself."

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  9. proslijedio/la je Tweet
    26. sij
    Odgovor korisnicima

    Stablecoins are an artifact of the artificially high liquidity fiat enjoys due to Bitcoin's nascent stage of monetization (and to the lingering effects of legal tender laws at the end of an era that saw no monetary competition). People don't see this yet.

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  10. 25. sij
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  11. 24. sij

    Custody is one of the greatest challenges to bitcoin newcomers and the future of this monetary revolution. A variety of solutions will solve this problem in different ways for different folks, but understanding the fundamentals of how and why is crucial to making good choices.

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  12. 24. sij

    "If blockchain analysts’ assumptions are broken through these kinds of tricks often enough, their assumptions become useless overall" There's no silver bullet for privacy with base-chain auditability, but enough "tricks" make panopticon analysis useless.

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  13. proslijedio/la je Tweet

    10. Rise in Debt Two graphs from this excellent source, where many of these charts are pulled from.

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  14. proslijedio/la je Tweet
    11. sij 2019.

    The fiat world teaches us we need to constantly secure an unending stream of money to survive. A world of sound money however, allows us to store our labor output, our capital stock, and consider the future.

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  15. proslijedio/la je Tweet
    23. sij

    If any of you are considering getting a headset (like the $400 standalone ) in 2020 - check out this incredible lineup of upcoming games

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  16. proslijedio/la je Tweet
    22. sij

    “There is Bitcoin and then there is shitcoin” --

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  17. proslijedio/la je Tweet
    17. sij

    I got interested in Bitcoin because of ridiculous price predictions. I learned more about Bitcoin afterwards. There’s nothing wrong with that imo. Bitcoin adoption that is based on ideology is not scalable. Bitcoin adoption that is based on self-interest is scalable.

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  18. proslijedio/la je Tweet
    17. sij

    You're right at least in the sense that the American healthcare system is much too entrenched in rent-seeking interventionism to be solved with one simple trick. I recommend Hoppe's four-step healthcare solution:

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  19. proslijedio/la je Tweet
    18. sij
    Odgovor korisnicima i sljedećem broju korisnika:

    Going off the gold standard was one of dozens of deep changes to streamline business and open the stock market,... so insiders could make MUCH more money, also called "shareholder value." The graph shows that everyone else got left behind!! ;-)

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  20. proslijedio/la je Tweet
    18. sij

    showed me this in a pub last night. Gold standard and its fall out. Unreal!

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  21. 18. sij

    The "discontinuation of banknotes" (eliminating cash) would dissolve the last shreds of liberty and privacy we enjoy from government money. This is a dystopian world they propose where they have totalitarian control of all money, literally. Bitcoin may be the only defense.

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