Rune Østgård

www.undoqo.com

Author of Fraudcoin, UNBAR and Arrow of Truth. undoqo.com

Public Key

npub1sv4zk080fvt4f3982u5kffzdkex3nm0kylky29um2xws5h4wsxvswtsrw4

NIP-05 Address

npub1sv4zk080fvt4f3982u5kffzdkex3nm0kylky29um2xws5h4wsxvswtsrw4

Profile Code

nprofile1qqsgx23t8nh5k965cjn4w2ty53xmvngeahmz0mz9z7d4r8g2t6hgrxgpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsh0zu9e

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub1sv4zk080fvt4f3982u5kffzdkex3nm0kylky29um2xws5h4wsxvswtsrw4

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Last Notes

2025-10-19 16:11:27 UTC

Hvorfor gråter en 51 år gammel mann når han er gjest i en podcast for å snakke om penger, frihet og politikk?
Og er det mulig for han å komme fra det med æren i behold?
Dette overlater jeg til deg å bedømme, etter at du har hørt disse fire halvtimes lange episodene, som du finner link til i kommentarfeltet nedenfor.
Serien handler ikke bare om norsk pengehistorie, men også min egen historie som samfunnsengasjert skribent og forfatter, en reise som var ensom i mange år, men som ikke er det nå lenger.
Sammen med Nicolai Hansen fra Bitcoinsnakk spilte jeg inn denne podcasten ved tinghaugen på Frosta, der Frostatinget lå for mer enn tusen år siden.
Vi belyser et av de viktigste kapitlene i Norgeshistorien, Harald Hardrådes feige drap på Einar Tambarskjelve og sønnen Eindride i Trondheim i 1050, og setter hendelsen i det jeg mener er det riktige perspektivet. I tillegg diskuterer vi forbindelsen mellom dette og Satoshi Nakamotos prosjekt.
Serien har en grundig oppbygning og bryter kompliserte konsepter ned til et nybegynnernivå. Den passer perfekt for dem som ikke kan noe fra før om det finansielle systemet eller som undrer seg over hvorfor Bitcoin ble skapt.
Jeg har vært gjest i mange podcaster etter jeg ga ut Fraudcoin, men dette er en av de innspillingene som har betydd aller mest for meg personlig.
Uansett hva du måtte synes om den, håper jeg du vil legge igjen en kommentar når du har hørt episodene.
Snakk fra levra, og si din mening uten å legge skjul på noe.
Og del gjerne denne posten med andre, hvis du tror flere kommer til å ha glede av den.

2025-02-06 06:33:18 UTC

Where are interest rates going?
Will Trump push Bitcoin adoption?
Trump needs to refinance goverment debt at lower rates.
I think he's using facilitation of Bitcoin as a threat against the deep state and its supporters - the old oligharcs who control the monetary system - to oblige the Federal reserve to lower interest rates.
Lower rates increase the money supply via an uptick in bank lending.
Since Trump wants to reduce govt spending, the newly created bank money mainly gets flushed into the private sector instead of the govt.
The super rich get hold of the most of the credit.
They use the borrowed money to outcompete everyone else in the fight for scarce resources, including land, securities and bitcoin.
This way, the old oligarchs get to wet their beaks.
If they instead fight to maintain deep state dominance for the short term, they will push interest rates up and create havoc all over the world.
But for them, that's uncertain gains with unknown costs.
The oligharcs likely have low time preference (not high time preference as many Bitcoiners seem to think), and prefer certain gains at known, low costs.
Delaying Bitcoin adoption also makes it possible for them to play for time.
So, I suspect the old oligharchs prefer the following deal with Trump:
He doesn't push rapid Bitcoin adoption and in return they give him lower interest rates.
That's my best guess.

2024-12-12 16:34:11 UTC

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🔥

2024-11-26 22:31:24 UTC

Was it an omen?
This is from Fight Club, when they rebel against the system and rage against inhuman consumerism.
#Lightning
https://image.nostr.build/3f2991d7644af440cdac46c2a7dc748bb1d88fbaf721a97e2978b0b289404818.jpg

2024-11-26 07:01:06 UTC

Afuera!
https://image.nostr.build/75e9367f0b233a3024f0e48361588343fa03e9120bf408ed50e6ea81c913ff0f.jpg

2024-11-25 16:57:54 UTC

Most people prefer hearing ten comfortable lies instead of one uncomfortable truth.

2024-11-18 06:12:22 UTC

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https://njump.me/nevent1qqsgzzdnwudp8tk9k9wmnyzk2j5gqsr6wwprhpsht227cpd2999mr6cpz4mhxue69uhkummnw3ezummcw3ezuer9wchsygyr9g4nem6tza2vff6h99j2gndkf5v7ma38a3z30x63n599at5pnypsgqqqqqqs6y6608

2024-11-18 06:12:00 UTC

I wrote about Hegseth's Trønder bloodlines the other day, and this below is as far away from the old Trønder spirit of minding your own business as it can be. Crazy stuff. https://x.com/mtracey/status/1856774955372818446?t=e1G_EIze6otaLRf3XtcZ8A&s=19

2024-11-17 17:41:56 UTC

https://image.nostr.build/b65e38e26cd9c573575c64d575d744e843500da03df0440d07437c8b8ab8d5b3.jpg

2024-11-17 10:56:42 UTC

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https://njump.me/nevent1qqsy2ht86wluf2pcgqqks0j8hw82q59mgzk5dpufalxwfzyfgcrjg2cpz4mhxue69uhkummnw3ezummcw3ezuer9wchsygyr9g4nem6tza2vff6h99j2gndkf5v7ma38a3z30x63n599at5pnypsgqqqqqqs5r8ynd

2024-11-17 09:44:52 UTC

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https://njump.me/nevent1qqsy2ht86wluf2pcgqqks0j8hw82q59mgzk5dpufalxwfzyfgcrjg2cpz4mhxue69uhkummnw3ezummcw3ezuer9wchsygyr9g4nem6tza2vff6h99j2gndkf5v7ma38a3z30x63n599at5pnypsgqqqqqqs5r8ynd

2024-11-17 09:44:40 UTC

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https://njump.me/nevent1qqsy2ht86wluf2pcgqqks0j8hw82q59mgzk5dpufalxwfzyfgcrjg2cpz4mhxue69uhkummnw3ezummcw3ezuer9wchsygyr9g4nem6tza2vff6h99j2gndkf5v7ma38a3z30x63n599at5pnypsgqqqqqqs5r8ynd

2024-11-17 09:44:20 UTC

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The answer seems to be: Norway
Bård Wormdal is the authorative reseacher on the collaboration between US and Norwegian intelligence agencies.
This year he received the Norwegian Press Association's Transparency Award.
Wormdal has worked as a journalist for 35 years with NRK (the Norwegian state's broadcaster).
He has largely been ignored by Norwegian media, and received the award for his three books:
• Spionkrigen - det hemmelige spionsamarbeidet mellom Norge og USA (The Spy War - the secret spy collaboration between Norway and the USA)
• The Satellite War
• Stalking the Bear
The Norwegian intelligence services disliked Spionkrigen and asked him not to publish it.
In this book he quotes former high level operatives in the Norwegian intelligence services who claim that Norway is the United States most important partner in this domain.
Based on his research, there seems to be almost no Norwegian political oversight as to what our intelligence services are doing, and most of our intelligence service's budget has been, possible still is, financed by US intelligence services.
The jury who gave him the reward said:
"Through his books, he has challenged official accounts. He has created space for a broader discussion about Norway's role in international intelligence and our cooperation with the USA."
The jury also believes that Wormdal's work has contributed to the public receiving information and the opportunity to assess and discuss security policy issues on a more informed basis.
IMO - the close cooperation on intelligence service is part of the puzzle that helps explain why Norwegian schools and media gaslight my people on historical and political matters, creating a society where independent and critical thinking isn't highly regarded, leaving us with a very narrow Overton window (what is accepted to discuss, which arguments that can be used.)
NRK gave Wormdal a voluntary redundancy package in 2023.
Buy his books and help spreading the word about his work.

2024-11-17 09:42:52 UTC

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Thx 🙏

2024-11-16 23:53:42 UTC

Which country is the United States' No. 1 intelligence service partner?
Hints:
1) Not a five eyes country
2) Taxes are extremely high
3) Elon has recently commented on the extremely high level of gaslighting in this country's MSM
4) Its people celebrate the country's constitution day harder than any other
5) Together with its neighbors, this country's ministers (in the govt) have the lowest level of education in the world

2024-11-16 20:01:26 UTC

Toying with the idea that Musk surely now will call me to give advice on how he and Trump should go about to clean up D.C. 100%. What else could be the reason why he liked my comment?
🤷
https://video.nostr.build/7169b5f29ed2237a6dbbac473c1408ed8886b548f271376acb7ab8bfd353580d.mp4

2024-11-16 19:31:40 UTC

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But, these laws might be a violation of EU law (free movement of capital, we are bound of these EU regulations due to the EEA agreement between EU and NOR)

2024-11-16 19:07:47 UTC

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The extreme expansion of the monetary supply 1914-1971 caused a massive growth of the state, it imposed a too big burden in taxes and regulation. Humans, society and the economy is very plastic, but there are limits. Cutting the ties to gold probably became a release valve, and in fact the expansion of the monetary supply gradually (but bumpy) came down a little bit.

2024-11-16 19:02:27 UTC

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Perplexity AI explains it better than me:
Norway's updated exit tax, effective from March 20, 2024, imposes a 37.84% tax on latent capital gains exceeding NOK 500,000 [about USD 46 000] for individuals emigrating from Norway[1][3]. The tax must be settled within 12 years of departure, with options for immediate payment, interest-free installments over 12 years, or deferred payment with interest[1][3]. Additionally, the tax applies if the taxpayer dies abroad, and no foreign tax credit is available[1][3]. These changes aim to prevent wealth migration but have sparked controversy due to potential impacts on entrepreneurship and international talent attraction[3][5].
Citations:
[1] https://blogg.magnuslegal.no/en/this-is-the-norwegian-exit-tax
[2] https://taxsummaries.pwc.com/norway/individual/other-taxes
[3] https://www.lifeinnorway.net/exit-tax-changes/
[4] https://assets.kpmg.com/content/dam/kpmgsites/xx/pdf/2023/01/TIES-Norway.pdf.coredownload.inline.pdf
[5] https://meshcommunity.com/norway-30/
[6] https://www.skatteetaten.no/en/person/taxes/get-the-taxes-right/abroad/tax-when-you-move-abroad/
[7] https://www.skatteetaten.no/en/person/taxes/get-the-taxes-right/abroad/tax-residence-in-norway-when-moving-to-or-from-norway/
[8] https://taxsummaries.pwc.com/norway/individual/income-determination

2024-11-16 17:20:29 UTC

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which part?

2024-11-16 17:04:47 UTC

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Coincidence, other forces were much more impoortant

2024-11-16 17:03:42 UTC

That's enough shitposting for now, time for a cold beer...
https://video.nostr.build/0d40ba994761b9b129e30afc23084a5dc3b70966921382c3574943bb60cc56d8.mp4

2024-11-15 18:00:21 UTC

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It's a process, and it's a war of ideas we are fighting. It helps not to generalize. If you are able to see through what many can't, people who blame peoples for their governments' actions, that helps. I don't have any bad feelings against anyone for their race or religious beliefs, only for their harmful actions. But I do know that I'm obliged to fight for liberty, and that I must understand who's just pieces on the chess board, who are being moved around by others.

2024-11-15 17:37:56 UTC

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Agreed

2024-11-15 17:30:10 UTC

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I'm also sceptical to that part

2024-11-15 17:29:22 UTC

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Which I don't like (supporting power is not the old fashioned Trønder way)

2024-11-15 17:22:58 UTC

Interestinf to see that a couple of Trump's picks are "Norwegians."
Here you get to know the new U.S. Secretary of Defense, Pete Hegseth, who has Trønder blood in his veins.
(Trøndelag is my home region in Norway)
https://video.nostr.build/5837f8f800bb1d5ab6c2aca5c0708e88f121617704c14659aded1491e6f3f2d6.mp4
His great-great-grandparents, John Pedersen Hegseth and Anne Olsdatter Hegseth, moved to Minnesota in the mid-1800s.
Pete Hegseth himself has served as an infantry officer in Afghanistan and Iraq.
He was awarded two Bronze Star medals, typically given for heroism or meritorious service in a combat zone.
In the interview, he discusses how the left reformed public schools in the U.S., working to remove religion to make people more loyal to the government and believe in socialism.
He simply says that schools replaced faith in God with worship of the state.
Seems like a tough guy with a healthy dose of anti-state thinking.
In other words, a good old-fashioned Trønder 😁

2024-11-14 23:03:58 UTC

I'm pretty sure Erna Solberg, leader of the Conservatives in Norway, isn't going to use Make Norway Healthy Again as a slogan in the upcoming general elections.
https://image.nostr.build/38554969f896f70f580d4c852fa5aee4a734d6aaae8616653d242a960d3222ed.jpg

2024-11-14 07:48:30 UTC

On December 10 Microsoft shareholders decide if it should invest some of the $75 billion cash reserves in bitcoin. https://video.nostr.build/6eca46ba6447d4cf1ca243ff171396f490d89ece065dd6d410ad3b07ac7b547b.mp4

2024-11-14 05:33:14 UTC

Looking forward to see "the next Joe Rogan" to say the same about a Nostr app as Rogan said about X:
"X is the number one news source on earth. It's the most trusted, because it's the only one which is not fucked with."
(#2255 - Dave Smith)

2024-11-12 20:57:06 UTC

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🙂 Thx 🧡

2024-11-12 20:45:09 UTC

What a fantastic timing for us to launch our brand new book on Bitcoin, Arrow of Truth, in the original Norwegian version (Eng. version coming up next) 🔥
https://image.nostr.build/97071c52dae5fbf2ff5c0495ca09368c80a29d36321c71e59b8b496a6431ed4f.jpg
Have a peek at it by following the link 👇 to our website, it's packed with beautiful illustrations by my mate, Mattis Storhaug, the guy with the best beard in Bitcoin 😁
What do you think?
https://undoqo.com/pages/arrow-of-truth
https://image.nostr.build/85275c88617503572069dcbc59c58890145b502bb47f0f3087f2e7585c0d0cb7.jpg

2024-11-12 20:32:24 UTC

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🙏

2024-11-12 20:32:17 UTC

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🙏

2024-11-10 21:23:35 UTC

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It works, but sales only open for Norway (and US, for tech reasons)
If you want us to ship a copy outside Norway, I'll fix that for you, send me a DM

2024-11-10 20:31:20 UTC

Kjære alle Bitcoin-interesserte og nysgjerrige!
Endelig, etter to års arbeid lanserer duoen i UNDOQO boken Arrow of Truth, oppfølgeren til bestselgeren Fraudcoin.
https://image.nostr.build/5fac7ba3505e368aa17c8961d4d1da00e830ca803a828e161df80669ae22cc92.jpg
Boken gir unik innsikt i hvorfor Bitcoin er så viktig, og utforsker hva som kan ha vært Satoshis motivasjon for å skape det som kan bli den viktigste teknologiske og politiske innovasjonen som menneskeheten noen gang har hatt.
Spennende historiefortelling og enkelt språk, spenstig grafisk uttrykk, friske farger, tegnede illustrasjoner, alt i alt, en flott bok som vi håper du vil ha glede av i lang tid.
Vi tror også vi har skapt en bok som vil bidra til mange interessante samtaler rundt middagsbordene.
Fra og med i dag kan dere kjøpe boken direkte av oss, vi nummererer de 100 første eksemplarene og signerer alle bøker i første opplag (begrenset antall).
Spesielt takk til alle som har ventet så tålmodig, og alle som har vist støtte og interesse 🧡
Besøk: undoqo (dot) com for mer informasjon.
Mattis & Rune

2024-11-08 21:50:08 UTC

Riding on the back of the success I had here in Norway with Fraudcoin - 1000 Years of Inflation as a Policy, I nine months ago openly challenged my country's professors of economics and finance to debate me on monetary policy.
https://image.nostr.build/515008dfc835f29a69dbadc5fb1df863b8115b7ef6105d9059894df60e06cdf6.jpg
Complete radio silence ensued, until the host of one of our biggest trad-fi podcasts contacted me in July.
He said he had found a professor who were willing to do it, and offered to be our moderator.
I accepted, and said I would get back to him when I knew when my next trip to the capital came up.
Two months later I wrote back and said I would go to Oslo in October, but then he said he was leaving his position to go to another company, and that the guy taking over as host for the podcast wasn't interested in the subject.
In preparation of the marketing of our next book, Arrow of Truth, which is about Bitcoin, I sent an e-mail directly to the professor who previously had said he would debate me.
I asked if he still was up for it, and that we perhaps could do it in front of his students at his own home turf in Oslo.
He said yes, but that he didn't have time until next spring, meaning, about half a year from now...
You can say many things about the fiat economy, but its record when it comes to producing brave academics who support their ideas about the traditional monetary system isn't very impressive, at least here in Norway.

2024-11-07 22:34:51 UTC

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😁

2024-11-05 19:15:33 UTC

I debuted with the book Kvikkleire (Quick Clay) three years ago.
I wrote it because geotechnical engineers in Norway make a ton of money for giving green light to developers who want to build on land with quick clay, without, IMO, understanding the risks.
Have a look at this video and try to imagine the forces in play in this type of landslides.
https://youtu.be/Xwh2Z2nkTsw?si=6VO7oS96cTsVWjNJ

2024-10-31 20:44:39 UTC

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Luv it 😁

2024-10-31 20:37:51 UTC

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👌

2024-10-31 19:34:30 UTC

Writing a book about Bitcoin made me feel more connected to Bitcoin.
Strange feeling...
(And no mushrooms have been consumed)

2024-10-21 18:02:33 UTC

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Haven't heard of them

2024-10-19 15:51:16 UTC

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It'll take time, and in the process, people will hate less and less

2024-10-19 14:12:22 UTC

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which I'm obviously not doing

2024-10-19 11:00:50 UTC

Bitcoiners who have repeated the mantra "I stack sats, and by doing that I do more than my fair share to fight the power" has been, is, and will always be wrong.
It sends the totally wrong signal and here 👇 you see how it might backfire.
I'll stop there, and refrain from ranting on about the free rider problem, which IMO is the root cause of our problems today.
https://x.com/TuurDemeester/status/1847512241173582058?t=SWJaBeFHL2Bw1xxH1A59zQ&s=19

2024-10-17 19:58:50 UTC

https://image.nostr.build/79950fd6b1e69801d468931d3fa0e57f99343f7f56168937e7d7713a9223757d.jpg

2024-10-16 05:33:05 UTC

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https://image.nostr.build/08b2e5cfc9324e0adb647aec9b47ef3e1d026e7a1e1b13570a0340b511e4eccd.jpg

2024-10-16 05:32:33 UTC

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Multiple potential error sources, but...

2024-10-15 21:36:26 UTC

Kind of cool to know that the government created scam called "carbon credits" can be earned by Bitcoin miners that run on electricity created by methane gas, thereby subsidizing freedom money that the governments hate.

2024-10-15 21:06:46 UTC

Not racist https://image.nostr.build/03797a65af313e463bb372b5f5ef5f103f3fb0e2bea15c7f3e88f98476f8517c.jpg

2024-10-14 19:35:30 UTC

Her er en link til foredraget "Trossystem, penger og Sunt Opprør", som jeg holdt på Frihetskonferansen 2024 nå sist lørdag.
https://drive.google.com/file/d/1YqQUJK9XTi3VAwwyheYyC9w_RsYvHL3j/view

2024-10-14 16:10:33 UTC

Nærmer seg 50 podcast innspillinger siden jeg ga ut Fraudcoin for nøyaktig to år siden, og i denne samtalen får jeg blant annet spørsmål om Oljefondet og hvordan barn kan lære hvordan pengesystemet fungerer (metoden kan også brukes av voksne 😉)
https://youtu.be/BcRmRAE2VkM?si=HFpeIB3auDwCIZzP

2024-10-11 06:13:34 UTC

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They tightened the wealth tax too this year, but they had already increased the wealth tax.

2024-10-11 02:37:16 UTC

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sorry, it's wealth tax

2024-10-10 19:55:17 UTC

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Cantillonaire, but he has discovered Bitcoin

2024-10-10 18:54:56 UTC

How the Norwegian government's exit tax backfired
https://image.nostr.build/83a252181de9bd2ac8bc8cbf70e3b989620a124d0d3302fcc93917c054bcc2d5.jpg

2024-10-10 06:27:54 UTC

GM!
Socialism is, in practice, anarchy for the political class, with the rest of us as paying spectators.

2024-10-08 03:43:49 UTC

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Dunno

2024-10-08 03:28:29 UTC

Fiat bros are modern days' flat earthers

2024-10-07 20:10:19 UTC

The Norwegian Oil fund is the largest sovereign investment fund in the world.
The fund is supposed to finance the Norwegians' future pensions.
At 1.7 trillion USD, it's the 8th most valuable asset in the world, with a market cap equivalent to about 10% of all of the gold that has been mined throughout history.
Gold tops the list of the most valuable asset (market cap).
When we include the fund, bitcoin is No. 11 on this list, only 14 years after the digital currency started to have economic value.
The fund is only allowed to invest in real estate, bonds and stocks outside of Norway.
It isn't allowed to invest in gold or Bitcoin.
The fund owns 0.6 % of Microstrategy, meaning that it indirectly owns a tiny bit of bitcoin.
Compared to the gold price, it has had an annual average loss of about 1.9% over the 26 years since its inception.
This is notable, considering that the fund invests in risk assets, while gold is considered to be one of the safest assets money can buy.
In other words, the fund doesn't profit from taking risk.
A major reason why the fund performs badly is that real estate, bonds and stocks, are assets that currently are being demonetized by gold and bitcoin.

2024-10-05 15:02:15 UTC

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And they don't have any bitcoin in custody for anyone?

2024-10-05 14:46:15 UTC

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I'm talking about an exchange that doesn't hold anyone elses bitcoin. It buys enough bitcoin to meet the demand with its own holdings. Is that doable and can it be profitable? I guess, if we see a major exchange collapse now, people would pay a littlebit more for the kind of service I describe

2024-10-05 13:53:35 UTC

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Shouldn't is be possible to instantly lock sats equivavent to orders as soon as they came in? That would make it possible to see the balance. Only orders that locked sats would be valid. By continually publishing a list of the balance, one would see if they had a deficit or a surplus of bitcoin holdings

2024-10-05 12:19:13 UTC

Crypto exchanges and crypto retail shops may make a ton of profit by running fractional reserves just like banks do with fiat money, pumping out paper bitcoin to customers who don't take custody of their bitcoin.
What does it take to get big exchanges ot shops that provide instant and 100% transparency /self audit, where you see their pool of bitcoin on one or more adresses and you instantly can follow all of the inflow as well as all of the outflow?
Is this technically feasible, will it be costly, do we already have players who offer this type of service or do you have any other insights on this question?
Furthermore, what happens in practice when we get big run on multiple exchanges/retailrs and suddenly everyone want to take self custody ?
For instance, what happens in such a scenario with the transaction fees, and how long will it take to reveal if they have been running ponzis?

2024-10-01 06:28:05 UTC

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That too.
Undersight was a wordplay

2024-10-01 06:25:04 UTC

We nees more undersight, not more oversight.
Decentralize.

2024-09-30 21:04:10 UTC

People
who say
government
must provide
free education...
we call
uneducated
or "well adjusted"
if you like this word better.

2024-09-30 02:59:12 UTC

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Yes

2024-09-30 02:58:27 UTC

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Thx, well put

2024-09-29 20:18:07 UTC

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😆

2024-09-29 19:57:25 UTC

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You thinking of making money of it?
😁

2024-09-29 19:34:04 UTC

I'm more of a tar and feather guy.
Therefore, the political elite should support my ideas and gently give up their power.
https://image.nostr.build/b65417de6979563f1a0c76ba13f74382d430e0369f161efb1bcf0da3ce3311f5.jpg
You see, some are more of the gallow type.
I suspect people who understand things late typically fall in the latter category.
They shout:
"Hang them! Hang them!"
and a lot higher than most people.
But why?
Because they are afraid of those who woke up earlier than them, they are afraid of being brought to the gallow themselves.
So they scream until they are blue in their faces, to avoid the same faith as the rulers.
Mark my words.
Tar and feathers is the best option.
Just let it all go, release us, and I'll try to speak reason to the mob before it grows too angry.

2024-09-29 12:33:48 UTC

Jeg var så heldig å få være med i denne ukas Steinkjerintervju på lokal-TV, Eggevisjon.
https://youtu.be/AENd7_xlyIk?si=cWOq_xva3tWqHh0E

2024-09-29 10:08:24 UTC

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👌

2024-09-29 09:10:35 UTC

Highly recommended
https://image.nostr.build/b8e1501cf9590dba6648770b91f86558cd263c56dc88f379a4d70b0e20c84e17.jpg

2024-09-28 17:51:16 UTC

Paal Friele Grung i podcasten Hvordan bli rik! kaller samtalen vår en "Masterclass om penger" og forteller at episoden allerede er den mest sette på kanalen deres på YT.
🔥
https://youtube.com/watch?v=L9D_VuPW8hE&si=hQ0Hf_N5fsxKLP-y

2024-09-28 15:56:58 UTC

Legends
https://youtu.be/n1KSF9w9X1o?si=2r7RfuaK-DZ-vxmt

2024-09-28 14:59:30 UTC

You can't learn more interesting stuff in 2 hours and 37 minutes - I promise
https://youtu.be/HyzXG2pqJ_E?si=2ntHn0G8AtNSayiQ

2024-09-28 11:17:41 UTC

I highly recommend the movie Fantastic Mr. Fox, based on Roald Dahl's book with the same title.
It seems highly relevant today too. https://image.nostr.build/4e68230e7a42aad2fe3c550a95dacf784fb0f42bb0d82e17c02bd7bee5cc32ff.jpg

2024-09-28 11:05:45 UTC

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Yes. The content of the book is interesting, I learned several things I didn't know. But I see that he has self published it and that the last chapter refers to the rest of the book as "this article". The chapters also almost look like separate articles, and they afe not very well tied together. So I kind of get the sense that he sat with gold but no publisher wanted to take it, and he might just have decided just to publish it without doing the last hard 10% of the work. Who knows, the book might have been seen as too dangerous.

2024-09-28 10:23:39 UTC

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I just have a problem with this interpretation of society with the social contract idea and all of this generalization about "the people" brought X to power.
Re. the revolution, you might find this book interesting
https://image.nostr.build/df93c90b9d9edf5cc1e6852c479355208687a974feb4666945fd9f2dd4757cf0.jpg

2024-09-28 07:24:31 UTC

Today, it feels like the political class treats us as we represent some sort of gigantic tragedy of the commons problem that they must solve.
https://image.nostr.build/dddb83c8052075f7292e6d99cf00a5dbb9bb4383c8ac4d9356e6b4bf0968ae01.jpg
People in group A tell themselves:
"If I don't brainwash and weaponize the people against group B, then group B will brainwash and weaponize the people against us."
and vice versa.
Therefore, they prey on us as we were some stupid grazing buffalos that "nobody owns."
This leaves us with no other option than to fight back against the political class as if it was a pack of wolves.
But remember, this is a war of ideas, and if you are stupid enough to bring violence to the battlefield you will normally only end up causing damage to your own cause.
Fight the war of ideas.
Make it a Sound Rebellion.

2024-09-28 06:54:18 UTC

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"Absurd?" Are you getting personal with me? Study harder, you have much to learn. This is a waste of time for both of us until you have done so

2024-09-28 06:52:51 UTC

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The people didn't choose the systems that made it possible for the rulers to get power. There is no social contract.

2024-09-28 04:47:47 UTC

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I disagree. Politicians exploit the people both before and after they take power.

2024-09-28 04:32:53 UTC

Generalization is one of the greatest threats to the human intellect and the human species.
Worst among the various types of generalization are:
- equalizing political rulers and state laws with the nations' peoples,
- equalizing religious leaders and religious texts with the religions' followers,
- equalizing nations' history with the present day nations' peoples' morals, and
- equalizing the evil deeds of some men with a certain skin colour with the ethics of other men with the same skin colour.
These narratives fuel all kinds of wars, all kinds of terror, and all kinds of evil actions at an individual level.
Furthermore, I truly believe that ignoring these terrible forms of generalization is the greatest and most widespread sin committed by intellectuals throughout history.
This intellectual bankruptcy has fuelled a hatred that political leaders all over the planet and throughout all of our history continually exploit in order to achieve their evil objectives.
The war of ideas must be fought, and if we don't succeed with weeding out these false beliefs, we will never see an end to politicians' ambitions to steal our freedom.

2024-09-26 20:03:59 UTC

Transfer of money from individuals to the state has negative marginal value from the very first monetary unit that is being transferred.
The negative effect increases exponentially from unit two and upwards.
Prove me wrong.

2024-09-26 19:24:48 UTC

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Yup, it's the same

2024-09-26 08:46:09 UTC

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🔥 insight

2024-09-26 07:30:46 UTC

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I mean "borrow to invest"
What is 1st lien / position HELOC?

2024-09-26 07:29:47 UTC

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Yes, we are both right

2024-09-26 06:39:35 UTC

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GM!

2024-09-26 06:38:51 UTC

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Mornings!

2024-09-26 06:38:40 UTC

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Yes

2024-09-26 06:38:07 UTC

People who have mortgages while they at the same time invest in stock funds are in practice people who gear their investments - prove me wrong.

2024-09-26 05:02:59 UTC

1. People prefer 10 comfortable lies to 1 uncomfortable truth.
I'll try to explain why and what might follow from this and a few more insights:
2. Ideas that feel comfortable release dopamine when you think of them, while ideas that feel uncomfortable release cortisol.
3. Actions that follows from these ideas typically produce the opposite results.
a) actions that ignore false beliefs release cortisol.
b) actions that respect truth release dopamine.
4. The reason for No 3 a) and b) is that economic, social and natural laws punish you for ignoring false beliefs, while they reward you for respecting truth.
5. Although people aren't concious about these principles, they aren't stupid.
6. The way people adjust, however, is that they stick to thinking about their comfortable lies without implementing them as actions - they become passive.
7. Passivity is amplified when people have high time preference*.
8. When people suffer from inflation they get high time preference, meaning they are more likely to stick to the comfortable lies and become passive.
9. The few who benefit from inflation (the Cantillionaires**) get low time preference, meaning they are more likely to take action.
10. Because passivity results in a lack of learning, while activity stimulates learning, the gap between those who suffer from inflation and those who benefit from it widens.
Feel free to discuss.
---
*A person who heavily prefers current consumption to future consumption has a high time preference as he places a heavy premium upon satisfaction as soon as possible. By contrast, a person who does not place a heavy premium upon instant satisfaction has a low time preference
** A "Cantillionaire" is a term used to describe individuals who gain wealth through the "Cantillon Effect," which refers to the uneven impact of inflation on different parts of the economy. This effect benefits those closest to the source of new money, often central banks and their associates, who can spend before prices rise, thereby gaining financial advantages. The term highlights the perceived unfairness in the fiat monetary system where these individuals accumulate wealth not by creating value but by exploiting monetary policy.

2024-09-25 09:45:58 UTC

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Truth has positive marginal utility
Lies have negative marginal utility
(Same on supply and demand side)

2024-09-25 09:39:38 UTC

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i'm not projecting, not at all 😁

2024-09-25 09:39:13 UTC

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😁