“Well, OK. It IS a Ponzi, it’s terrible for the environment, only criminals use it and the government’s going to have to bail us all out. You’re right…By the way how’s Billy doing?”
I like to keep things simple: A little house in nature, knowing and helping neighbors, buying food from local farmers, not ordering anything I don’t really, really need from Amazon, driving a well maintained old truck and keeping my savings in bitcoin.
#Bitcoin #Mendocino
- bitcoin is NOT crypto
- bitcoin is NOT an ‘investment’
- bitcoin is technically ‘money’
- the dollar is technically ‘currency’
- the dollar is constantly losing purchasing power
- bitcoin is a store of value
- bitcoin doesn’t need a bailout
#bitcoin #Mendocino
When you realize there's more to worry about staying within the current financial system than in moving to a bitcoin standard, you've arrived.
Most people avoid bitcoin out of fear, but it’s the current system that poses real risk as inflation continues to erode everyone’s savings.
The dollar is a currency that WAS once backed by gold. This history prompts people to ask “what’s backing #bitcoin?” This question highlights the misunderstanding: bitcoin is not like a digital version of a gold-backed dollar, instead bitcoin IS like a digital version of gold itself.
While people are discussing how bitcoin could become a neutral world reserve asset, don’t forget it also makes for a perfect local currency keeping value in small communities like ours and helping businesses and individuals save for the future.
#bitcoin #Mendocino
Me and the little lady decided to go out and have us a nice meal to celebrate $100K. She had the burger and fries, I had truffle-Laced Escargots in Puff Pastry with Black Truffle Pesto, served on a bed of sautéed wild mushrooms and garnished with micro greens and a drizzle of truffle oil.
People pay attention when #bitcoin’s exchange rate with the dollar surges.
But once you appreciate what bitcoin actually is, the problems it solves for humanity, the health and wellbeing it brings to individuals…this exchange rate becomes a side benefit, not the point.
When you first come across #bitcoin you think of the dollar as money and BTC as an investment.
Then if you do the research you realize the shocking truth: Like finding out your spouse has been cheating on you since your wedding, you discover the dollar isn’t money at all. But bitcoin is.
“With #Bitcoin you can’t see it, you can’t touch it…”
“The only way to see and touch the dollar is to print numbers on a piece of paper and hold it. You can print words on a piece of paper and hold bitcoin too. The difference is those words represent absolute scarcity.”
To understand #bitcoin you first have to understand that the global financial system is a gargantuan game of Monopoly, a legal confidence trick played with money (which is actually not money at all but currency) created as debt and printed into existence at the pleasure of central banks through the purchase of Treasuries and fractional reserve banking.
Once you see the game, you begin to appreciate that bitcoin is the best form of hard money ever invented/discovered and see the many societal problems it solves.