Bitcoin Mendocino

As inflation steals our time and energy, as successive administrations mismanage fiscal policy, as Treasury auctions falter and the Fed’s money printer warms up… bitcoin is hope.

Bitcoin Mendocino

As the wealth gap widens it’s understandable why people resent the rich. But the rich are a symptom of a deeper, structural problem. If you take the time to dig into this problem you’ll find it’s a broken financial system designed to benefit those at the top. This is the debt-based Federal Reserve system. It expands the money supply over time telling you this is needed to “grow the economy.” This expansion is inflation and while it’s said to be around 3% it is actually much higher. Now add to this the ‘Cantillon effect’ where those closest to the money printer benefit before inflation impacts others. Then add the fact that those who can afford assets like stocks and real estate can park their wealth in these assets driving up their value. Meanwhile those working paycheck to paycheck are losing to inflation week by week. Now you start to understand wealth inequality…and you also have a framework for understanding bitcoin. Bitcoin is the alternative financial system. It’s grassroots, has a predictable issuance schedule, can’t be inflated and is accessible by anyone anywhere. It’s monetary rules enforced by digital code and thermodynamics, not by a handful of central bankers and Wall Street traders. But don’t take the word of some random social media post - do the research and find out for yourself.

Did your morning coffee cost more? It’s not the beans—it’s your dollar’s value shrinking. Bitcoin peels back the truth about inflation.

Home sweet home - Bitcoin Mendocino

“Order for Satoshi!”

My latest bank statement. Proof of fiat reserves.

I met a bitcoin spammer at dinner in the Venetian this evening. It’s interesting to talk with someone who only sees bitcoin as a vehicle for fun, swapping tokens like baseball cards - no sense of hard money improving the world. It’s like watching fine cuisine on bone china being fed to hogs. But a one-on-one in-person conversation brings home the fact that there are a variety of world views out there.

Driving (and driving and driving and driving…) to Las Vegas. No one told me how VAST the American west is!

I do wish high-profile individuals would not create digital tokens that they sell to wealthy individuals for personal profit and access to seats of power. It really muddies the waters for bitcoin.

Ludwig von Mises’ Economic Policy: Thoughts for Today and Tomorrow , based on his 1959 lectures, outlines six key lessons on economics. First, capitalism, driven by consumer demand, fosters innovation and progress, unlike socialism, which stifles it through central planning. Second, socialism fails because it lacks price mechanisms to allocate resources efficiently, leading to waste and stagnation. Third, interventionism-government meddling in markets-creates distortions, like price controls causing shortages. Fourth, inflation, often government-induced, erodes money’s value and harms savers. Fifth, investments must align with consumer needs, not just government or business whims, to avoid malinvestment. Sixth, individualism underpins economic freedom, as collective systems suppress personal initiative. These lessons emphasize markets, prices, and individual choice as drivers of prosperity.

It’s like waking up from the Matrix when you discover that for the last 50+ years you’ve been duped into using fiat currency, a Monopoly money designed to keep you poor and the 1% rich. This is the problem bitcoin solves.

Bitcoin Mendocino

80% of Americans support diversifying some of our nation's gold holdings into bitcoin. Per newly-released data from thenakamotoproject.org

On May 16, Moody's joined the other ratings agencies downgrading U.S. Treasuries to Aa1. Fitch, S&P and now Moody's all cite $36T (and counting) in debt and rising interest expense as the reason.

Today on a road trip I stopped and bought a coffee and a pastry. It was $1 for the extra shot of coffee. With another $1 for a tip the total was $8. I would have been shocked at the price only I wasn’t. Inflation isn’t prices going up, it’s the value of the $ going down. Study bitcoin.

Bitcoin Mendocino