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BitcoinMendocino
bitcoinmendocino@nostrplebs.com
npub1d35f...k508
#Bitcoin is the alternative financial system for local communities at a time of inflation and spiraling national debt. #Mendocino California.
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BitcoinMendocino 10 months ago
I’m glad I grew up in the ‘90s. I did so many stupid things and there’s no record of it anywhere. image
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BitcoinMendocino 10 months ago
Imagine a small town overlooking the Pacific surrounded by thousands of acres of forest, where the seasons pass predictably, you know your neighbors, never have to lock your doors, source your food from local farmers and seldom hear a discoraging word. I’d move there in a heartbeat. image
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BitcoinMendocino 10 months ago
Before bitcoin is computer code, before it’s money, before it’s an asset or an exchange traded fund, bitcoin is moral code. Bitcoin is: - You shall not censor - You shall not inflate - You shall not confiscate - You shall not counterfeit - You shall not steal The reason that bitcoin is so resilient to nation states, to governments, to tyrants is because it uses unimaginably large numbers and cryptography that even the most powerful armies cannot crack. And this financial power is available to everyone. ~ Jack Mallers | CEO Strike.me and xxi.money image
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BitcoinMendocino 10 months ago
Printing money at home is illegal-you'll face a Secret Service visit and prosecution. But if you want to create money from nothing legally just get a mortgage. Bank loans generate new dollars out of thin air using fractional reserve banking. image
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BitcoinMendocino 10 months ago
If you were guaranteed a pay cut every month, how would that make you feel? Well, you are getting a pay cut but it’s hidden. With the official rate of inflation at 2.7% (though inflation is probably higher) each monthly paycheck you receive has ~0.22% less purchasing power than the month before. Study bitcoin. image
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BitcoinMendocino 10 months ago
Iif you buy and send a gift card to someone, they'll be taken through the process of creating a Fold account, gaining access to their bitcoin balance wallet, and exposed to all the other features for stacking sats. Once redeemed, those funds can be withdrawn to self-custody or stay in their bitcoin balance with Fold. image
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BitcoinMendocino 10 months ago
True or false: Quantum computing will know if Schrödinger's cat is dead or alive. image
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BitcoinMendocino 10 months ago
Yes, it is true that the US dollar has lost about 25% of its purchasing power since January 2020. This means that $1 in 2020 is now worth about $0.75 in terms of purchasing power. image
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BitcoinMendocino 10 months ago
From @River ‘s X post: Ever wonder how ‘money’ (actually currency) is created? It’s not just printing cash! Here’s the breakdown: 1️⃣ Banks create money via loans (credit expansion). 2️⃣ Gov deficits lead to new money via bonds. 3️⃣ Fed buys securities (open market ops). 4️⃣ Loans to banks (e.g., post-2023 crisis). 5️⃣ Foreign exchange interventions. 6️⃣ Physical cash printing. Congress green-lit a $3.4 trillion spending package through the Big Beautiful Bill. What does that mean for Americans? Your dollars are on the path to devaluation. image
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BitcoinMendocino 11 months ago
My guess is that the 80,000 bitcoin held since 2011 that were recently exchanged for dollars happened because someone who understood bitcoin died and someone who doesn’t understand bitcoin was given access to the keys. image
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BitcoinMendocino 11 months ago
In the movie The Matrix Neo chooses the red pill to wake up and discover what’s really going on. Getting “orange pilled” means waking up to the truth about our broken dollar-based financial system and how it drives inequality keeping us enslaved. Study bitcoin and see how deep the rabbit hole goes. image
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BitcoinMendocino 11 months ago
All this bitcoin being sucked up by treasury companies makes me nervous. Are we creating bitcoin gated communities? Isn’t bitcoin supposed to be distributed to more and more regular folks? Isn’t it eventually supposed to be a medium of exchange? THE medium of exchange globally? image