> When Navalny came to Germany, we didn’t say he was violating his bail, and when he flew back voluntarily to Russia and was arrested and sentenced for bail violation, everybody immediately screamed “foul” and imposed sanctions against Russia. But then I thought: Hold on, you have your own guy whom you sanctioned for bail violations, and he has finished his sentence more than a year ago, and he is still in prison without any legal basis. When I see the hypocrisy of the West I am speechless.
> Let us be clear, there is absolutely no legal basis to keep Julian Assange in Belmarsh prison and there never was. Even for a bail violation, you don’t keep someone in Belmarsh. But now for more than 18 months he has finished that sentence for bail violation and there is no legal basis for keeping him there, because preventive detention must be used as a last resort, if there are no other, less intrusive means to prevent his escape, such as house arrest.
@goodvibes Yes, for multiple reasons. I'm afk, so maybe I link some resources later.
@goodvibes ... not *as* scarce.
@goodvibes Yes, exactly. People store value (which is really just a word for time) in scarce goods, like money, gold, real estate, or even art (which becomes much more valuable when a good artist dies, because of the scarcity then). Dollars used to be actual gold and silver, then bank notes for metal in a vault. Fiat money is not scarce, because it can just be printed, and hence always failed eventually so far.
@goodvibes It's why central banks across the world still own (and even newly purchase) vast quantities of a metal that can only be produced by exploding stars.
@goodvibes It doesn't. The scarcity will always be the same. An infinitely inflating fiat currency will never be able to keep up with the value stored in an absolutely scarce asset.
Thus, for the purpose of saving long-term, there really is no less speculative asset available to you, simply because it never existed before. If you buy (or earn) 0.01 BTC today, you can know with reasonable certainty that you will have 0.01 BTC in 10, 20, or 50 years from now, and that those 0.01 BTC will still be the same share of eventually issued BTC units that they are today.
As for storing the fruits of your labor in something in order to access the stored value in the future, *any* asset you store it in is speculative, because you're making a bet on the future of it. Almost all assets by themselves are *more* speculative than bitcoin for this purpose, and most options are likely less stable into the future.
The idea that bitcoin is highly speculative doesn't make any sense when you think about it for a moment.
It is bitcoin day trading that is highly speculative, same as any other trades for the sake of trading profit.
As an asset by itself, bitcoin is the *least* speculative asset that humans have ever seen. Every person on Earth not only knows exactly how many units there will be and when, but can even validate this themselves on something as simple as a Raspberry Pi.
@stephanlivera Great! Looking forward to listening. Hope you also covered the option of creating a sidechain with confidential txs based on Elements, which I think would have solved their use case better than Lightning in its current state.
@mxtthxw This is for relying on the legacy financial system to get paid by normal customers, unfortunately. No way I will ever open an internationally operating business relying on fiat currency ever again. We got burned and harassed SO much over the last decade, it's truly infuriating.
@aran Defending the establishment with art is the worst kind of art in my book.
Fun fact: when we opened our business with 180K EUR in seed funding, it took us 2 months, and ultimately a reference from our investor, to even find a bank that would give us an account at all.
@dajbelshaw HSBC is actively helping with money laundering billions every year. Just not in the UK. Those AML regulations only hurt normal people and companies.
Our Dutch bank has just notified us that they're going to unilaterally "end our business relationship", without even giving a date. They claim we do not have operations in NL, which grants them the right to cancel the account.
We are a registered company with KVK, and we file accounts, pay taxes, and run the entire business from the Netherlands. The bank was looking for an excuse to be able to kick us out, because we're not borrowing their money, or giving them enough to speculate with.
This is also the 2 years anniversary of the arrest of Ola Bini in Ecuador, brilliant researcher and programmer of privacy-enhancing software.
Ola was jailed 70 days for allegedly "hacking gov servers"
(lol) with risible pseudo-evidence (which books and a high-number of USB devices he owned..).
He is in legal limbo, with no formal accusation ever placed and hearings always postponed.. while banned from leaving Ecuador, who just elected a right-wing banker as new president. :(
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