Public restroom tagging with meaning: "When the economy crashes, say no to CBDC" Say yes to monetary freedom and decentralization"

People who don't have a solid understanding of the parity policy of the 1920 won't understand the implications of this illustration.

With the right tools, our children can shape their own future.

Isn't it funny how the governments/central banks target price inflation by adjusting the amount of money creation via setting the key interest rate, while they always point at everything else but money creation when price inflation is high?

If - your ideas of how wealth should be distributed in this world require - use of pysical force or - threats to use physical force - in order to become reality, and - you don't want to use force or threats yourselves, instead - you want others to do all of the dirty work for you, what are you?

What's so special about Bitcoin? The capping of the amount of bitcoins to 21 million creates a positive-sum game. The reason is that Bitcoin creates incentives for people to behave in a specific and positive way when they interact with others. Many people will think of these incentives as quite unfamiliar or even strange. But it's quite easy to understand. So let me explain: Because new bitcoins cannot be created out of nothingness, but is capped at 21 million, the value of each bitboin goes up when the world's wealth increases. The reason is, that it's the same number of bitcoins that chases a growing number of goods and services. Then the price of each of those goods and services must fall, when measured in bitcoin. And this is the same as each unit of bitcoin becoming more valuable. When people become owners of bitcoin, it will soon dawn upon them what the implication is . They will realize that the easiest way to become wealthy is to let everybody else create wealth. They will also soon realize that the easiest way to let everybody else create wealth is to respect their property rights and freedom to trade with others. Furthermore, they will begin to favor lower taxes and smaller governments. And people will realize that promoting freedom is less costly than working hard, investing and making risky decisions when planning for the future. The consequence of a higher degree of economic freedom is that society's total wealth production goes up. In this way Bitcoin also implies that the wealth is being distributed among the many instead of being concentrated in the hands of the few. This means that Bitcoin is a positive-sum game. It's not necessary to let some lose their wealth in order to let others increase their wealth. Everybody benefits. Those who become owners of bitcoin will quickly understand these incentives. And the incentives will be the same for everybody, whether we talk about individuals, companies or governments. This means that even big corporations and the political elite over time will understand the incentives. The latter group will understand that the cost of using coercion and central planning outweighs the cost of letting people be free to create wealth. Nobody escapes the incentives that Bitcoin creates. Bitcoin's incentive structure is the opposite of the one that national currencies create. The reason is that the national currencies are based on a system with constant creation of new money. And the new money is created out of nothingness. This creates a negative-sum game, where someone has to lose their wealth in order to let others increase their wealth. In the game created by national currencies the dominant strategy is to accumulate as high a share of the newly created money as possible, while at the same time promoting a relatively rapid inflation of the money supply. The faster the money creation is, the more wealth the newly created money extracts from the work and savings of others. A typical expansion rate is 7% per year. Such a rate is probably at the top end of what's possible without causing revolts and political turmoil. The wealth ends up with those who accumulate the newly created money. It works exactly in the same way as counterfeiting does. When people aren't allowed to keep the fruits of their labor due to the system's wealth extraction, they won't be willing to do so much work. This means that the total wealth production goes down. The incentive structure created by national currencies, where someone grows their wealth faster, the faster the creation of new money is, also implies that the wealth rapidly becomes concentrated in the hands of fewer and fewer people. In conclusion: Bitcoin creates a positive-sum game, in which wealth increases and becomes widely distributed. This is the opposite of the negative-sum game of national currencies, in which wealth decreases and becomes concentrated in the hands of few people.

This must make MSM go nuts. I wonder if "the dollar milkshake theory" might apply to media. If so, since Nostr is a "harder" information platform in terms of its sensorship resistance, it might over time crush Elon's dream of X world SoMe hegemony.

Hero

#Bitcoin will put an end to the symbiosis between war and inflation of the money supply. This is why we call bitcoin peace money.

Undoqo, which means "the core" or "the essence" in the South African language Xhosa, will shortly be synonymous with opening nocoiners' eyes for #Bitcoin.

👊👊👊 As the economics students begin shopping textbooks for the next semester, it's immensely satisfying for me to see that the Norwegian edition of the #Fraudcoinbook is No. 1, 2 and 3 of the most popular books on macro economics on the webshop owned by the largest bookstore chain in Norway. Even the English version is No. 20. I wonder what the economics professors say now that their expensive textbooks filled with Keynesianism face such stiff competition from a book written by a non-economist.

To teach economics without teaching time preference is like teaching physics without teaching gravity.

Sound money = civilization's cornerstone National currencies = poison for civilization

If Einstein lived today, do you think he might have considered rewriting what he said about compound interest being the strongest force in the universe and instead argue that: "The most powerful force in the Universe is Bitcoin." ?

"The most destructive force in the Universe is compound inflation." Rune Ø. (Inspired by Einstein) 😁

Getting paid for writing on X vs. Nostr. I haven't written on X and Nostr for the payment, but I've got some rough revenue / zaps numbers now. Based on these numbers I guesstimate that building and writing on Nostr makes more sense than on X. Does anyone have some more insights into this? Any research, articles, anecdotal info etc? This may be an important subject to get more info on in view of boosting Nostr user recruitment. Thx in advance for boosting this note.

Compound interest should be taught at preschool level

They say "The Earth is Boiling", because they want you to do all the toiling.

Bitcoin and Nostr are freedom technologies. A few months ago I hadn't heard that expression, "freedom technologies". In fact, I don't know when the expression was coined. Do you?

One of the reasons why I love Trøndelag