How convenient in timing:
1. US banking system is in dire straits, regional failures;
2. The Fed is trapped;
3. Inflation is raging.
4. An “unknown” organization attacks the Kremlin with drones.
Never miss an opportunity to engage war to “save” the economy.
I experienced “The Internet” when it was dial-up & bulletin boards. Folks said, “…the government will ban the Internet because only hackers/criminals use it.” Fast-forward 20+ years, currently 5.13B (64.4%) people of the World are criminals using the Internet. Deja vu #Bitcoin.
As it pertains to “tip inflation”: Increasing the number means nothing when we all increase prices in an economy driven by #fiatcurrency debasement. Forget the number; focus on purchasing power of those numbers. Unless you hold your work-effort in a scarce, hard, portable asset, you are losing. See #WeimarRepublic.
The three most influential people impacting my life in this order:
1. #AynRand (via #AtlasShrugged);
2. #LudwigVonMises (via #AustianEconomics);
3. #SatoshiNakamoto (via #Bitcoin).
Nicolaus Copernicus (1473–1543) almost died at the hands of the “church” trying to educate folks the Earth was heliocentric. Seems ridiculous now. Hence further so will the truth of #Bitcoin.
When you sleep tonight let this thought sink in: billions of people in the World are “unbank” and significantly abused by fiat currencies. #Bitcoin can fix this. But the deeper thought: the World banking cartels & politicians loss power when this happens. Enraging at the least.
#BitcoinBayTampa, thank you for the workshop today. I truly enjoyed it. Great job. I look forward to the next event. It is not easy separating “The State” from money; but it is worth the effort. #Bitcoin
I figured it out. #Fiat is a four letter word. We all know what that means.
Can some share Lyn Alden’s npub? I heard she took Elon to the wood shed here.
Fractional Reserve Banking. If you do not understand what these three words mean, you are about to get a “cold shower” lesson.
Why is no one talking about foreign sovereignties no longer buying US Treasuries after Biden weaponizing the USD? Didn’t that lead The Fed, et al, to force US banks to buy/hold USTs that are now getting destroyed by rate hikes? Am I just a simpleton?
#Bitcoin today is what the #Gutenberg printing press was in 1440: A monopoly buster. In 1440: information/books. In 2023: monetary system.
Woke up in a cold sweat this morning while in a dream.
The World banking system collapsed under contagion. The USA nationalized US all banks; seizing all fiat deposits, then resets the USD to a CBDC. Bitcoin spiked to over $1M in 24hours. I am left with mixed emotions, but not wiped out. I #HODL.
In the right place at the right time stacking sats. Thank you #Bitcoin.
Bitcoin will do to money what the Internet did to music. Digital revolution has been under way for the past 20 years. Money is next.
I feel Satoshi Nakamoto is/was Hal Finney. Just my gut feeling.
Trust empowers abuse. That is the root of why #Fiat currency will always fail. That is way #Bitcoin wins: a trustless exchanges of value.
