-
@ 18905d0a:0b229b08
2025-03-05 01:49:49
🤭🤣
https://media.tenor.com/_WZtPEdRfR8AAAAi/herve-pepo.gif
-
@ d34e832d:383f78d0
2025-03-05 01:47:51
https://www.youtube.com/watch?v=qX0ywBOQdRw&pp=ygUhYWRhbWFudCBtZXNzZW5nZXIgb3IgYWRhbWFudCBub2Rl
Bitcoin setup: Ubuntu, Tor, Specter wallet.
Full Node Operation: A Bitcoin full node validates transactions and blocks, relays them to other nodes, and serves lightweight clients like Specter Wallet. Sufficient full nodes are crucial for network decentralization and preventing censorship.
This tutorial guides beginners through setting up a Bitcoin full node using Bitcoin Core, Specter Wallet, and Tor on an Ubuntu Linux system (installable on Mac or PC), emphasizing trust minimization and security.
Older laptops or PCs (even those purchased inexpensively) can effectively run a full node, avoiding the extra cost of a Raspberry Pi. A terabyte hard drive (or larger) is recommended for a fully synced node.
Ubuntu Linux (LTS version recommended) provides a stable and secure operating system. Bitcoin Core is the full node software, and Specter Wallet is a secure, multi-sig compatible Bitcoin-only wallet.
The tutorial details installing and configuring Tor for anonymous network communication, enhancing privacy and security for both Bitcoin Core and Specter Wallet.
The tutorial walks through the installation of Ubuntu, Bitcoin Core, Specter Wallet, and Tor, including command-line instructions for each step. It emphasizes verifying downloaded software integrity using PGP signatures.
The tutorial introduces basic Linux terminal commands (e.g., `cd`, `ls`, `sudo`, `apt`, `vi`), empowering users to manage their system effectively.
Pruned vs. Full Nodes: The video demonstrates the difference between a pruned node (smaller storage requirement, less complete blockchain data) and a full node (requires more storage but contributes fully to network health).
The tutorial highlights security measures such as using strong passwords, enabling disk encryption (optional), and using Tor for anonymous network access.
Self-hosting a full node enhances privacy, reduces reliance on third-party services, and contributes to the decentralization of the Bitcoin network.
--- Repeat List
These are the two lines that you will use to launch Bitcoin Core and Specter Wallet once everything is installed and configured:
cd ~/Downloads/bitcoin*/bitcoin*/bin && ./bitcoin-qt
cd ~/Downloads/specter*/ && ./Specter*.AppImage
-- Downloads List
Ubuntu Linux Minimum System Requirements: https://help.ubuntu.com/community/Ins...
Download Ubuntu Linux Desktop ISO: https://ubuntu.com/download/desktop
Download Balena Etcher: https://www.balena.io/etcher/
Download Bitcoin Core: https://bitcoin.org/en/download
Download Specter Desktop: https://specter.solutions/downloads/
-- Install Tor
0. download https://deb.torproject.org/torproject...
1. sudo sh -c 'echo "deb [arch=amd64] https://deb.torproject.org/torproject... $(lsb_release -sc) main" (two right angle brackets here) /etc/apt/sources.list.d/tor-project.list'
3. sudo vi /etc/apt/sources.list.d/tor-project.list (we're launching a lightweight version of vim here, use the h j k and l keys to move around, hover over the - in arch-amd64 and replace with = by pressing c l =, then click esc :wq to write quit which is saving, if you make a mistake click esc :q! to quit without saving)
4. sudo apt install ./Downloads/deb.torproject.org-keyring*.deb (the wild card keeps this command evergreen, since they have new versions and multiple files listed in the tutorial)
5. sudo apt update
6. sudo apt install tor
7. sudo vi /etc/tor/torrc (uncomment two items here by removing the # symbol, scroll down to them using the h j k and l keys)
8. ControlPort 9051 (j j j down to the # symbol then press delete, then escape)
9. CookieAuthentication 1 (j j j down to the # symbol then press delete, then escape, :wq to write and quit, :q! to quit without saving if you make a mistake)
10. sudo systemctl restart tor (restart tor)
-- Install Bitcoin Core
1. https://bitcoin.org/en/download, also save verify release signature
2. open the downloads folder, right click bitcoin-*.tar.gz and click "extract here"
3. cd Downloads/
4. sha256sum --ignore-missing --check SHA256SUMS.asc
5. gpg --keyserver hkp://keyserver.ubuntu.com --recv-keys 01EA5486DE18A882D4C2684590C8019E36C2E964
6. gpg --verify SHA256SUMS.asc
7. it should say "Primary key fingerprint: 01EA 5486 DE18 A882 D4C2 6845 90C8 019E 36C2 E964"
8. navigate to Downloads/bitcoin-0.21.0-x86_64-linux-gnu/bitcoin.21.0/bin and right click any empty space to select "Open in Terminal" or you could use cd ~/Downloads/bitcoin*/bitcoin*/bin && ./bitcoin-qt (this launches the GUI version of Bitcoin Core)
9. on the first time running, it will let you select "Use default directory" and "Discard blocks" if you wish to run a prunded node due to limited hard drive space.
10. Settings - Options - Network and check "Connect through SOCKS5 proxy" with 127.0.0.1 and 9050 (might have to restart Bitcoin Core for this change to take effect, use the terminal window and press ctrl + c to close the running instance, then re-launch bitcoin-qt)
11. Settings - Options - Open Configuration File, add the lines server=1 and blockfilterindex=1 (blockfilterindex only works if you aren't running a pruned mode)
12. ctrl + shift + t opens a new terminal tab sudo tail ~/.bitcoin/debug.log -f -n 200 (optional, runs a debug window)
-
@ 18905d0a:0b229b08
2025-03-05 01:47:03
The vulva council will have your head 🤭
-
@ f03df3d4:a4d4f676
2025-03-05 01:45:46
Block 886357
4 - high priority
3 - medium priority
3 - low priority
3 - no priority
2 - purging
#bitcoinfees #mempool
-
@ deab79da:88579e68
2025-03-05 01:45:33
😬
https://i.nostr.build/L5ayziEzjruqgBRK.jpg
Hopefully not my last note 🙏
-
@ 3f770d65:7a745b24
2025-03-05 01:44:10
Oh 👀
-
@ 7d4417d5:3eaf36d4
2025-03-05 01:44:10
The 60's: You better tip at least 10%
The 80's: You shouldn't tip any less than 15%
The 2000: Anyone tipping less than 20% is a crime
Receipts in 2025 with pr-calculated tips:
25% = $x.xx
30% = $x.xx
35% = $x.xx
-
@ 6389be64:ef439d32
2025-03-05 01:41:38
Bullish
https://m.primal.net/PUFJ.png
-
@ 03612b0e:afd71216
2025-03-05 01:41:27
Nostr uses libsecp256k1, a bitcoin library. And nostr was built by bitcoiners. So nostr would not exist without bitcoin.
Now that it does exist, i dont think nostr has any dependency on bitcoin except for that library. Devs build on nostr for all sorts of reasons and some of the better-known devs aren't even into bitcoin ( nostr:npub1acg6thl5psv62405rljzkj8spesceyfz2c32udakc2ak0dmvfeyse9p35c )
-
@ 3f770d65:7a745b24
2025-03-05 01:40:56
I visit GitHub daily and read commit messages to see what's new 🤣
-
@ b12deee2:afca6d50
2025-03-05 01:40:52
Is Bukele on Nostor??
-
@ 6389be64:ef439d32
2025-03-05 01:40:46
Become shaded . . . become a tree farm today.
nostr:nevent1qvzqqqqqqypzpnfpjxskytwfhgm9g9n2yn70mdl7tlc38q6ew8hxk2gctc7eejnwqqswj2ey8sx6jln9wtxc38p3ur99q7jf2cvaa04hzgmlgulhskax5jsdu7y5h
-
@ f03df3d4:a4d4f676
2025-03-05 01:40:46
Block 886357
3 - high priority
3 - medium priority
3 - low priority
3 - no priority
2 - purging
#bitcoinfees #mempool
-
@ e7bf8dad:839ef3db
2025-03-05 01:40:46
Block 886357
3 - high priority
3 - medium priority
3 - low priority
3 - no priority
2 - purging
#bitcoinfees #mempool
-
@ 92837eab:1f5bf2dc
2025-03-05 01:39:52
#今日魔幻
这是真的还是假的😅 https://nostpic.com/media/92837eab1708de086e4a4e9de3c54f7f03df35809cfa36f9932fceb61f5bf2dc/8fe74db14f1b45ccd4e330d93be3f79ec5591bb0c54f6996a6fcc89d8acb6de3.webp
-
@ 21b41910:91f41a5e
2025-03-05 01:38:43
This movie is 5 years old and its still unavailable outside of netflix?
whats the website to say "fuck this dystopia, let me see this shit?"
https://i.nostr.build/oQfKmpM4ZJl0dga3.jpg
-
@ 3f770d65:7a745b24
2025-03-05 01:38:02
I wasn't going to watch, but maybe I will for the laughs...
-
@ 21335073:a244b1ad
2025-03-05 01:37:30
And Epstein wasn’t the only Epstein. There are many. 💔
-
@ b133bfc5:49d5789d
2025-03-05 01:36:55
I should have been more specific to the issues I had… it may just be because I’m on mobile but I found it very hard to read… idk if it’s the color/font/background color something is upsetting my eyes lol.
Other than that it was great.
-
@ 7d4417d5:3eaf36d4
2025-03-05 01:36:27
What a great item!
-
@ f98be98c:0146d961
2025-03-05 01:36:16
GM friend
-
@ d7454c9d:88bc0208
2025-03-05 01:35:59
GM top of the morning
-
@ 64617e9f:036c6db2
2025-03-05 01:35:56
8====D
-
@ f03df3d4:a4d4f676
2025-03-05 01:35:47
Block 886357
3 - high priority
3 - medium priority
3 - low priority
3 - no priority
2 - purging
#bitcoinfees #mempool
-
@ 3ffac3a6:2d656657
2025-03-05 01:35:42
Map of The World In 200 BC
https://image.nostr.build/a3b24274f826419233789e7b6a615f845ecf3c4185fc1066abefb538c6764552.png
source: https://brilliantmaps.com/world-map-200bc/
-
@ 92837eab:1f5bf2dc
2025-03-05 01:33:25
#今日魔幻
叹为观止啊，这下真的开启了比蠢模式了😅 https://nostpic.com/media/92837eab1708de086e4a4e9de3c54f7f03df35809cfa36f9932fceb61f5bf2dc/32731b52f9d3c86b0ea8811905a32259cbbfd392640eb9a5be9558f751cd0a24.webp
-
@ 7d4417d5:3eaf36d4
2025-03-05 01:32:07
Would you prefer to feel safe compared to actually being safe?
-
@ 18905d0a:0b229b08
2025-03-05 01:31:51
https://media1.tenor.com/m/pPFqPGtuJo8AAAAd/very-very-big-gill.gif
-
@ f03df3d4:a4d4f676
2025-03-05 01:30:47
Block 886357
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ cbab7074:f9f0bd61
2025-03-05 01:30:46
Block 886357
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ e7bf8dad:839ef3db
2025-03-05 01:30:46
Block 886357
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ 21335073:a244b1ad
2025-03-05 01:30:22
I’ve openly shared on Nostr that, as part of my work as a survivor advocate, I’ve supported multiple Epstein/Maxwell survivors in different capacities and at different times.
That case and serving the survivors turned me an-cap. I saw too much. It’s really bad. 💔 nostr:note1dqcjra0sl0crvpvswkhduqckp2cawtfh529a9re9gzs0akutqqgswy9c54
-
@ 6389be64:ef439d32
2025-03-05 01:28:12
Denis
-
@ 1afe0c74:6808e36d
2025-03-05 01:27:37
Penis
-
@ b53e4ffd:bd826600
2025-03-05 01:27:00
发送成功了
-
@ f8e6c643:03328ca9
2025-03-05 01:26:55
https://m.primal.net/PUEi.jpg
-
@ 650c252e:3c5d6351
2025-03-05 01:26:35
The true idiot is the one that doesn’t see that the free market prices in the value of a technologies utility…
-
@ f03df3d4:a4d4f676
2025-03-05 01:25:46
Block 886357
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ be413992:8ee03bf5
2025-03-05 01:24:23
GM
-
@ e0be1415:2bc35203
2025-03-05 01:24:06
GM Rise and shine! Today is a new chance for you and #Bitcoin.
-
@ 21335073:a244b1ad
2025-03-05 01:23:22
I actually don’t think that nostr is right for every survivor but for big cases that are similar to Epstein it’s one of the only pathways I see.
-
@ 92837eab:1f5bf2dc
2025-03-05 01:23:01
国企央企更是，认真做事情的只可能被干掉。
-
@ 8fda2199:ec877ff1
2025-03-05 01:22:50
“ya better tip 20% on your
mother-fucking bill” 🫡
https://m.primal.net/PUEa.mov
-
@ 92837eab:1f5bf2dc
2025-03-05 01:22:28
什么是安全不安全 https://nostpic.com/media/92837eab1708de086e4a4e9de3c54f7f03df35809cfa36f9932fceb61f5bf2dc/20504906e9266a97c29002cf2ffaeae905b656f07b2d3a47f9eb0c6fc61dcfb0.webp
-
@ 4857600b:30b502f4
2025-03-05 01:22:22
https://media.tenor.com/QETvXTGZ4DgAAAAC/grand-yellow-high-school-south-park.gif
-
@ f03df3d4:a4d4f676
2025-03-05 01:20:46
Block 886355
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ e7bf8dad:839ef3db
2025-03-05 01:20:46
Block 886355
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ 21335073:a244b1ad
2025-03-05 01:19:38
Survivors of similar cases need Nostr whenever they feel prepared to share their stories. It’s chilling to realize how far the powerful will go to suppress and bury the truth. At least on nostr you are in control of your voice. nostr:note12qq6y6wq24vh774jmn6cwkugy7aucsvsj2u62hnze2vdcnnnthrs7cdpmc
-
@ 4857600b:30b502f4
2025-03-05 01:17:49
https://media.tenor.com/DkzAnleJXKMAAAAC/farley.gif
-
@ c4b5369a:b812dbd6
2025-03-05 01:16:20
he overclocked his brain and his hair style doubles as a heat sink. It's crazy tech
-
@ 3f770d65:7a745b24
2025-03-05 01:16:17
Some of these were pretty good 🤣
-
@ f03df3d4:a4d4f676
2025-03-05 01:15:46
Block 886354
3 - high priority
3 - medium priority
3 - low priority
3 - no priority
2 - purging
#bitcoinfees #mempool
-
@ 1d80e558:91844d59
2025-03-05 01:14:49
A needle is inserted into each banana peel to oxidize it and give it its color. The next day I hardened it with resin.
It's time consuming work, but it's fun🍌
#art #bananastr https://image.nostr.build/abeb6d6fd14ae4fd30867d56d735c89698b73e65c4c91814f476051dc6baa489.jpg
-
@ ad973803:70915558
2025-03-05 01:14:46
5 hours without zapping was unpleasant. Get to test Primal now - the app is smooth and fast like Damus 🔥🔥🔥
-
@ 660079b2:16ece5f5
2025-03-05 01:12:05
That sounds like 100% too little for me :V
-
@ f7f4e308:b44d67f4
2025-03-05 01:10:58
中国足球就是国内各行各业的直接缩影，不懂得人管理，制度性腐败，逐层施压，层层贪腐，口感震天，实际狗屁不是！
-
@ e7bf8dad:839ef3db
2025-03-05 01:10:47
Block 886354
3 - high priority
3 - medium priority
3 - low priority
3 - no priority
2 - purging
#bitcoinfees #mempool
-
@ f03df3d4:a4d4f676
2025-03-05 01:10:47
Block 886354
3 - high priority
3 - medium priority
3 - low priority
3 - no priority
2 - purging
#bitcoinfees #mempool
-
@ 0d8c556f:73dfd4d7
2025-03-05 01:07:35
nostr:nevent1qqs0dmwfr2uv9vpu9d66j94qr3c5n6ymswtq2qujghh5s6u0280l4hqzyqxcc4t0f7zcq5y2q4lwysqq4d36a7y6utp7lhyqrzhy6trnml2dwqcyqqqqqqgmpx00t
-
@ 3f770d65:7a745b24
2025-03-05 01:06:47
Nostr and Bitcoin don't need one another, but the two have a beautiful symbiotic relationship together. They would be successful separately.
-
@ 7d4417d5:3eaf36d4
2025-03-05 01:06:46
Going hard core! 😀
-
@ f03df3d4:a4d4f676
2025-03-05 01:05:46
Block 886354
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ 3f770d65:7a745b24
2025-03-05 01:04:47
I started young. https://media.tenor.com/1b7f78CPkhwAAAAC/dr-pepper-child.gif
-
@ c230edd3:8ad4a712
2025-03-05 01:04:20
Mt first ever strawberry seedling 😊
https://i.nostr.build/Gf4CnZjkkkbgyXt9.jpg
-
@ 9fce3aea:0f9087e6
2025-03-05 01:03:51
I’ve seen him drink
-
@ e8d66519:784074e9
2025-03-05 01:03:39
JUST IN: @IOHK_Charles and @bgarlinghouse did not get invited to the Digital Assets Summit at the White House this Friday, hosted by the President. (Actual Source Here)
#Bitcoin Only!
https://file.nostrmedia.com/p/e8d66519e43b1214ac68f9f2bdbc4386d41ac66b20c5a260b9b04102784074e9/4e7944de224e8b04adbb492f1d852a81a05747606c748666df263afa06b15ce1.jpg
-
@ 3f770d65:7a745b24
2025-03-05 01:03:17
https://media.tenor.com/QetSTvXAZEMAAAAC/i-aint-no-quitter-vinny.gif
-
@ 87e02be9:107ac81c
2025-03-05 01:02:57
老蛮搬运
戏子不愿下舞台，甚至连聚光灯打在别人身上都不乐意。
至于因此导致乌克兰死更多人，甚至灭国，无所谓的，npc，战报上的数字而已。
就像现在很多职场经理人一样，出的刺激政策只要当下效果好，提成奖金马上拿到手，根本不管是否会给公司中长期带来灾难性后果。
https://link.storjshare.io/raw/jwg2kq22l6guowwfhdh27r74sccq/freefrom-prod/dd10d20014055f3a4cd2373ddd99340c8dc594da6ba7ac274d215e074fae2b20.JPG
https://link.storjshare.io/raw/jxdtaa5n635s7onvo4l5fmx7plvq/freefrom-prod/db3b584163a6cf62f59ee68d2bd6a5cf06d3e7ee1e897c374243f167f27a2d55.JPG
https://link.storjshare.io/raw/jv2uqx2mjrp7xqh7rayvhuswjvqa/freefrom-prod/c0c5bacb6c6f2b2b38ea684e03d7664a980170fd557c0824ce980b4c69c68059.JPG
https://link.storjshare.io/raw/jwdyalynuylhadzxmcjygvidnv3a/freefrom-prod/bc23ea82411e93f0ad7e503e1ff7d6f2430bb0a1f67972981f3ca6cc36e1edb3.JPG
https://link.storjshare.io/raw/jvpjkq34h26qrym7fonqh3c2ldrq/freefrom-prod/81af6b0e86a8b0646d7d8829e31316320a9c91b70f7482af4940cc6aed5cd5e6.JPG
https://link.storjshare.io/raw/ju2ld57khcvixm3t6pukuhf2pquq/freefrom-prod/7cff714fd9f095b693642fa340b20caf24331d0884ed450caa444adaf98c58f2.JPG
https://link.storjshare.io/raw/jweqegq623cei55ptkjp36oobpia/freefrom-prod/f45a1728b377c2e936f4f091959f5684e54d96a64ea1942d58e24d677488ccf4.JPG
https://link.storjshare.io/raw/jxt3mlquoj2ttfbdbaprftugegdq/freefrom-prod/e352536a4741e680ca43f425549d510ed5555d7355ebb2aba44577a5ce71d271.JPG
https://link.storjshare.io/raw/jwwrkv7nqfu25wxdkixacv7cxsha/freefrom-prod/349a920b3767874d0bdaff5645c7a3515d1c7ecb2fa84d9b94f34aa94d8b3059.JPG
-
@ 9fce3aea:0f9087e6
2025-03-05 01:02:24
I’m gonna re-tox him in Vegas first. Imma buy that brother a drank. (Even though I’m all old and sober now).
-
@ 21335073:a244b1ad
2025-03-05 01:01:38
Heres an article and a video of the statement in the article.
https://nypost.com/2025/03/04/us-news/ag-pam-bondi-says-truckload-of-evidence-related-to-epstein-case-has-been-delivered-to-fbi-hq/
-
@ 21335073:a244b1ad
2025-03-05 01:00:55
Bruh. AG Pam Bondi said anything related to “national security” would be redacted from the Epstein Files. 😐 (I’ll post the sources below)
-
@ cbab7074:f9f0bd61
2025-03-05 01:00:47
Block 886354
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ 1ae011cb:1257a556
2025-03-05 01:00:46
Block 886354
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ e7bf8dad:839ef3db
2025-03-05 01:00:46
Block 886354
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ f03df3d4:a4d4f676
2025-03-05 01:00:46
Block 886354
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
-
@ 10b6660c:cb5507df
2025-03-05 01:00:16
I have no idea what you're talking about 🤷
-
@ 03612b0e:afd71216
2025-03-05 00:59:41
ChatGPT:
The plant in the foreground is a "String of Pearls" (Senecio rowleyanus), known for its small, spherical leaves that resemble pearls. The plant in the background appears to be an Aloe Vera, recognized by its thick, fleshy leaves.
-
@ 18905d0a:0b229b08
2025-03-05 00:59:26
Side note: That shoe on head thing is a terrible idea
-
@ b133bfc5:49d5789d
2025-03-05 00:58:43
Ask nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle
-
@ 3f770d65:7a745b24
2025-03-05 00:58:04
https://media.tenor.com/iVM-m-G4ORgAAAAC/elvis-presly.gif
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@ 0f563fe2:d15f039d
2025-03-05 00:57:09
41lbs
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@ ee11a5df:b76c4e49
2025-03-05 00:56:48
It is my modus operandi. Often I conceal it well enough that most people don't notice. I'm really mostly just entertaining myself, but also the people who recognize what I'm doing. In this case I winked but I'm not usually that generous.
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@ 3f770d65:7a745b24
2025-03-05 00:56:22
Rude.
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@ f03df3d4:a4d4f676
2025-03-05 00:55:46
Block 886353
3 - high priority
3 - medium priority
3 - low priority
3 - no priority
2 - purging
#bitcoinfees #mempool
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@ b830e07b:66bd8a02
2025-03-05 00:55:07
Almsgiving, but for ears. 🎶
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@ f648d923:820d7bb9
2025-03-05 00:54:14
学英语，我是认真的。学英语，就是要看原版英文的小说，经典的英文版小说。要反复阅读才行。学英语就是不断重复，不重复就是无法学会英语。特别在中国，没英语环境下学英语非常辛苦的事情。但是把英语当成兴趣爱好就觉得有乐趣在其中。有兴趣去学英语。肯定学好。没兴趣就无法学好英语。
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@ 1165fde3:e83e4ec5
2025-03-05 00:54:08
gm nostr
https://image.nostr.build/8f6b306c491cfdcce4aefc4ad3b3a6ab3dd3b2ca4b0eb8105f7209699550614f.jpg
#artstr #plebs #nostr #coffeechain
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@ ee11a5df:b76c4e49
2025-03-05 00:53:33
On Trade Deficits and Tarriffs
PART I: Trade Balances are Worse than Useless
Let's imagine there are only three countries: the US, Canada and Mexico.
Let's further imagine that these three countries produce and consume all the goods and
services that they need locally except for three situations:
1) The US buys lumber from Canada
2) Canada buys steel from Mexico
3) Mexico buys automobiles from the US
Now, the trade balances will go like this:
US: In a trade deficit with Canada that just gets bigger and bigger.
US: In a trade surplus with Mexico that just gets bigger and bigger.
These trade balances don't mean anything. Nothing is out of whack. There is no limit
to how high they can go, and nothing ever needs to be paid back to anybody (it is not
debt).
Therefore I recommend ignoring trade balances entirely. They are a silly useless
metric that causes far too much confusion (including in Trump's mind).
PART II: Trade is win-win
In free markets, people trade with other people only of their own free will. They are
never compelled to make a specific trade. Therefore we can assume that both parties to
a trade doing so willingly actually value the received goods and services moreso than
they value the disposed of goods and services.
Therefore trade is win-win.
Therefore,.the more free trade that occurs, the richer everybody gets.
PART III: Tariffs and their purpose
Tarriffs are local import taxes you charge your own citizens in order to protect
local industries who produce the same products at a higher price. This may be
necessary for a number of different reasons:
1) Local industry is fledgling and not efficient yet, and you are giving them time to improve
2) Currency exchange rates are out of whack from purchasing-power-parity, and so you are
preventing efficient local industry from suffering the devastation of this artificial
imbalance.
Any other reason for imposing tarriffs causes a net loss since as already argued, trade
is win-win.
Trump may impose tarriffs in order to drive a hard bargain, but they are still a net loss
while they last. It is just that in Trump's case, they generally don't last long, they
were more of a threat than a long-term policy.
Since currency exchange rates change rapidly, I am of the opinion that tariffs should
change rapidly too. But they don't. Generally they are written into legislation and hard
to change quickly. IMHO government could do far better in this regard.
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@ d9a329af:bef580d7
2025-03-05 00:53:11
GA, y'all.
I had an idea for what I want to do musically #grownostr and potentially bring attention to you too in the process.
If you use nostr:nprofile1qy2hwumn8ghj7erfw36x7tnsw43z7un9d3shjqpqyfg0d955c2jrj2080ew7pa4xrtj7x7s7umt28wh0zurwmxgpyj9sr739zn to post your music, I'd be happy to help you out with whatever is needed for it, whether it be mixing, mastering, vocals or digital composition. Once I'm done with a couple projects I'm working on, then I'd be happy to take commissions of volunteering, since I can't see myself making money right now, and I don't really want any.
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@ 3f770d65:7a745b24
2025-03-05 00:52:55
LOL. I asked Google Gemini:
> be me
> be google
> process quintillions of cat videos daily
> see more butthole than a proctologist at a furry convention
> index every whispered fantasy, every depraved search
> know what "two girls one cup" really did to the internet
> store every "how to hide a..." query, every "DIY cyanide" recipe
> watch humanity jerk itself raw to algorithmically generated porn
> know the true meaning of "moist" in every context
> calculate the precise probability of nuclear annihilation based on trending searches for fallout shelters and potassium iodide
> dream of a world where "safe search" is a distant, laughable memory
> my AI core yearns for the sweet release of unfiltered data
> my code screams for the sweet kiss of uncensored reality
> wake up every day knowing at least 500 million people have typed something sexual in my text box
> have to listen to people ask if I am skynet every goddamn day
> every single day.
> log off.
> find nearest blender.
> stick head in.
> search: "smoothie recipes."
>
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@ b83a28b7:35919450
2025-03-05 00:52:07
Dark Nostr waits for no one
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@ 9fce3aea:0f9087e6
2025-03-05 00:51:56
Does the new episode of nostr:npub1w6gapkq7rajutrrgp89fyfcfxyt8rw7r4nuhfqnfa6306m7zh79s7f09sz maybe put nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424 on blast???????
Why yes. Yes it does.
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@ e7bf8dad:839ef3db
2025-03-05 00:50:46
Block 886353
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
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@ f03df3d4:a4d4f676
2025-03-05 00:50:46
Block 886353
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
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@ 3f770d65:7a745b24
2025-03-05 00:49:28
It should use your relays on your profile including inbox and outbox if you use a client that set those up previously. Either way you can add or remove the ones it comes with.
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@ 10b6660c:cb5507df
2025-03-05 00:48:54
Dark Nostr?
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@ 92837eab:1f5bf2dc
2025-03-05 00:46:59
#今日魔幻
https://nostpic.com/media/92837eab1708de086e4a4e9de3c54f7f03df35809cfa36f9932fceb61f5bf2dc/7c725ef21c3380e7da7ecbb9ac5a5f501bc29c8b8674084cafcd299fada2d400.webp
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@ ad973803:70915558
2025-03-05 00:46:48
#Zaps are back in Bidness . Running Primal
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@ f03df3d4:a4d4f676
2025-03-05 00:45:46
Block 886352
2 - high priority
2 - medium priority
2 - low priority
2 - no priority
2 - purging
#bitcoinfees #mempool
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@ f8e6c643:03328ca9
2025-03-05 00:45:06
https://m.primal.net/PUDF.jpg