A perfect response to a recent paper from the European Central Bank that spreads fear, uncertainty, and doubt about the #bitcoin. This post is from the eloquent @StackHodler and worth a read. “The @ecb is crying about Bitcoin again. They argue that early holders are impoverishing non-holders and late adopters. They also state that Bitcoin doesn't have an economic function. Two quick responses before I go spend some filthy euros at the Saturday market: 1. Bitcoin is a tech product that solves one of the biggest problems in the world. An iPhone helps you access the web on the go. A Tesla drives you around. Bitcoin protects your wealth with the world's strongest computing network. Everyone wants to protect and grow their wealth. Bitcoin is a product that everyone needs. Far from being useless, it's extremely useful. Failure to steel-man Bitcoin's obvious utility kills any credibility the authors have. 2. Early adopters took incredible risk for deserved reward. Are people who bought the Google or Facebook IPOs impoverishing investors who buy Google or Meta today? Are homebuyers who bought a home for $200K in 1995 and sell it for $2 million today impoverishing home buyers? Of course not. This is a intellectually lightweight argument. Yes a handful of people have gained purchasing power due to their foresight, intelligence, and courage to hold through inhuman volatility. But trying to legislate against Bitcoin because of that is like trying to ban Google stock because the IPO buyers who held have become multi-millionaires. The real thieves are the people who can create fiat money out of thin air and dilute entire populations behind their back. Something the ECB and big banks perform as a primary function. Bitcoin simply allows anyone to protect themselves from fiat debasement and reliably improve their standard of living. That's as true for those who bought in 2012 as it is for those who bought in 2022.”

Again and again, #bitcoin comes through. Bitcoin, like the truth, wins in the end.

Joy shared is multiplied. Grief shared is divided.

Long #bitcoin Short fiat Have a great day

An honest, decentralized, and secure ledger changes everything. Choose true money. Choose #bitcoin

The people of the United States have been betrayed by their own government that has collaborated in facilitating illegal immigration and human trafficking with funds stolen from current taxpayers and future generations of citizens. Disgusting.

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🚨WORLD PREMIERE🚨 Line in the Sand (2024) - Official Trailer | James O’Keefe, Debut Film Undercover journalist James O'Keefe goes to the f...

“Seek Wisdom and, when you find Her, do not let Her go! She seems harsh to the uninstructed. Keep Her ways, and you will wear Her like a glorious robe. ” - adapted from the Book of Sirach #wisdom

#Bitcoin is more scarce than Gold.

“Consider your origin. You were not formed to live like brutes but to follow virtue and knowledge.” - Dante Alighieri, The Divine Comedy (Original post by Father V) #sunday #truth

A little girl calls out the injustice of inflation in this classic and hilarious video. Monetary debasement causes this and #bitcoin fixes it!

Iran attacks Israel one month before the election in the United States.

This is why we #bitcoin View quoted note →

Out of control government spending causes fiat currency debasement which results in inflation which disproportionately hurts the poor and middle class and results in wealth inequality. The political class creates the problem and then uses the problem to create infighting and division. Buy #bitcoin and Fire the politicians and the central banks

Every day that passes increases my resolve to work for personal privacy, individual liberty, and free markets. I will not give up. #bitcoin, #nostr, many of you, and above all #Christ give me hope that we will defeat the corrupt forces of evil arrayed against us.

🎯 #nostr #truth

Truth View quoted note →

Communism destroys Be aware and beware

True wisdom is from God and seeks peace, mercy, and the good of the other. War is folly and destruction. #peace #truth #faith #hope #love

Fiat inflation is subtle, non-violent seizure by the state of the property and time of its citizens. Fiat inflation is criminal and authoritarian behavior. #Bitcoin fights fiat theft!

“There is an obvious attempt to legitimize censorship.” - Russell Brand #nostr fixes this #bitcoin fixes this