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Taking Care of Bitcoin
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Taking Care of Bitcoin Podcast
Archimedes, the father of mathematics, famously said, "Give me a place to stand on, and I will move the earth." Bitcoin is that immutable point, and the world shall be changed for the better. image
There is no risk in being directionally incorrect with political ideology. Consequences of political mistakes are socialized. Not true with Bitcoin: It can not be debased. It can not be confiscated. It can not be redistributed. You get this wrong. You’re on your own. image
When you spend more money than you take in, you go bankrupt. When your government spends more money than it takes in, YOU also go bankrupt.
In 1971, the US chose to back the dollar with nothing more than the full faith and credit of the US government. They then destroyed this faith and credit by weaponizing and debasing that dollar. The dollar is now backed by nothing. The world will find the alternative. image
Central planning does not work. It never has worked. It never will work. The future is decentralized. image
Inflation is an expansion of the money supply. Rising prices are merely a symptom of inflation. image
Broken money was an engineering problem. Money needs to be durable, portable, divisible, fungible, scarce, and recognizable. Gold met these parameters better than anything else we could find in the natural world. Then Satoshi coded money that meets these parameters perfectly. image
Interest on the United States national debt costs us $3 billion per day. That's $35,000 per second. image
We are approaching a flashpoint when most people realize... I need Bitcoin. I don't have any Bitcoin. There is no Bitcoin left.
"Look back over the past, with its changing empires that rose and fell, and you can foresee the future, too." ~Marcus Aurelius
People want a system that is fair, honest, and impartial. Our governments are none of these things. Bitcoin is all of these things. image