#BWest - Bitcoin Bristol Conference Takeaway I wasn't expecting an ex Goldman Sacks derivative trader to be presenting at the conference, but it goes to show the quality of speakers the team at Bitcoin Bristol put together. Joe Bryan's was a creative presentation of the problem underlying the current fiat money system. Avoiding painting a simplistic picture of 'government as evil', Joe explained, in an easy to understand way, the issues which arise when the the government has control over the money system, in particular money creation. Check out Joe's video for yourself @

SatsVsFiat

'What's The Problem?' - Demystifying why we all need Bitcoin

Home of What

Great opening talk from Joe Bryan - What's the problem? Follow on X @satsvsfiat Will try and convert to nostr. #BWest

This on the BBC on my way to BWEST.

Bitcoin Bristol : local, grassroots, freedom tech adoption

Focused on grassroots freedom tech adoption in Bristol, UK.

BBC

Money by David McWilliams - Cheap British Beer - BBC Sounds

The story of money and humanity reaches a run on the punt and the rise of M-PESA.

As soon as I read this I wanted to post it, something must have reasonated. "The serious problems in life... are never fully solved. If ever they should appear to be so it is a sure sign that something has been lost. The meaning and purpose of a problem seem to lie not in its solution but in our working at it incessantly. This alone preserves us from stultification and petrification." Jung, 1931, The Stages of Life

Clear evidence of progress in nostr-verse thinking. View quoted note →

The journey ahead. #photography

I have not heard of this case before, but it's a good example of the willfull anti-competitive power of Google. Their case against Google took, in total, 14 years to go through court. The majority of businesses and consumers are trapped between a rock and a hard place in terms of having no option but to continue using the products and services of big tech. It would be interesting to know how they would advise a startup business today.

BBC News

We took on Google and forced them to pay out £2bn

Shivaun Raff and her husband, Adam, describe their long court battle with technology giant Google.

https://researchdatabase.minneapolisfed.org/downloads/fj2362424 Abstract In an economy with incomplete markets and consumers who are sufficiently risk averse, we show that the government can uniquely implement a permanent primary deficit us- ing nominal debt and continuous Markov strategies for primary deficits and payments to debtholders. But this result fails if there are also useless pieces of paper (bitcoin for short) that can be traded. If there is trade in bitcoin, then there is no continuous Markov strategy for the government that leads to unique implementation. Instead, there is a continuum of equilibria with distinct real allocations in which the price of bitcoin converges to zero. And there is a balanced budget trap: continuous government policies designed for a permanent primary deficit cannot eliminate an alternative steady state in which r - g = 0 and the government is forced to balance its budget. A legal prohibition against bitcoincan restore unique implementation of permanent primary deficits, and so can a tax on bitcoin at the rate -(r - g) > 0.

Has anyone picked up on this? The coordinated government pincer movement on bitcoin has begun. https://researchdatabase.minneapolisfed.org/downloads/fj2362424

Layers #photography