Kjære alle Bitcoin-interesserte og nysgjerrige! Endelig, etter to års arbeid lanserer duoen i UNDOQO boken Arrow of Truth, oppfølgeren til bestselgeren Fraudcoin.  Boken gir unik innsikt i hvorfor Bitcoin er så viktig, og utforsker hva som kan ha vært Satoshis motivasjon for å skape det som kan bli den viktigste teknologiske og politiske innovasjonen som menneskeheten noen gang har hatt. Spennende historiefortelling og enkelt språk, spenstig grafisk uttrykk, friske farger, tegnede illustrasjoner, alt i alt, en flott bok som vi håper du vil ha glede av i lang tid. Vi tror også vi har skapt en bok som vil bidra til mange interessante samtaler rundt middagsbordene.  Fra og med i dag kan dere kjøpe boken direkte av oss, vi nummererer de 100 første eksemplarene og signerer alle bøker i første opplag (begrenset antall). Spesielt takk til alle som har ventet så tålmodig, og alle som har vist støtte og interesse 🧡 Besøk: undoqo (dot) com for mer informasjon.  Mattis & Rune

Riding on the back of the success I had here in Norway with Fraudcoin - 1000 Years of Inflation as a Policy, I nine months ago openly challenged my country's professors of economics and finance to debate me on monetary policy. Complete radio silence ensued, until the host of one of our biggest trad-fi podcasts contacted me in July. He said he had found a professor who were willing to do it, and offered to be our moderator. I accepted, and said I would get back to him when I knew when my next trip to the capital came up. Two months later I wrote back and said I would go to Oslo in October, but then he said he was leaving his position to go to another company, and that the guy taking over as host for the podcast wasn't interested in the subject. In preparation of the marketing of our next book, Arrow of Truth, which is about Bitcoin, I sent an e-mail directly to the professor who previously had said he would debate me. I asked if he still was up for it, and that we perhaps could do it in front of his students at his own home turf in Oslo. He said yes, but that he didn't have time until next spring, meaning, about half a year from now... You can say many things about the fiat economy, but its record when it comes to producing brave academics who support their ideas about the traditional monetary system isn't very impressive, at least here in Norway.

I debuted with the book Kvikkleire (Quick Clay) three years ago. I wrote it because geotechnical engineers in Norway make a ton of money for giving green light to developers who want to build on land with quick clay, without, IMO, understanding the risks. Have a look at this video and try to imagine the forces in play in this type of landslides.

Writing a book about Bitcoin made me feel more connected to Bitcoin. Strange feeling... (And no mushrooms have been consumed)

Bitcoiners who have repeated the mantra "I stack sats, and by doing that I do more than my fair share to fight the power" has been, is, and will always be wrong. It sends the totally wrong signal and here 👇 you see how it might backfire. I'll stop there, and refrain from ranting on about the free rider problem, which IMO is the root cause of our problems today.

X (formerly Twitter)

Tuur Demeester (@TuurDemeester) on X

1/ This new paper is a true declaration of war: the ECB claims that early #bitcoin adopters steal economic value from latecomers. I strongly believ...

Kind of cool to know that the government created scam called "carbon credits" can be earned by Bitcoin miners that run on electricity created by methane gas, thereby subsidizing freedom money that the governments hate.

Not racist

Her er en link til foredraget "Trossystem, penger og Sunt Opprør", som jeg holdt på Frihetskonferansen 2024 nå sist lørdag.

Google Docs

Frihetskonferansen 2024 - Foredrag Rune Østgård - uredigert.MOV

Nærmer seg 50 podcast innspillinger siden jeg ga ut Fraudcoin for nøyaktig to år siden, og i denne samtalen får jeg blant annet spørsmål om Oljefondet og hvordan barn kan lære hvordan pengesystemet fungerer (metoden kan også brukes av voksne 😉)

How the Norwegian government's exit tax backfired

GM! Socialism is, in practice, anarchy for the political class, with the rest of us as paying spectators.

Fiat bros are modern days' flat earthers

The Norwegian Oil fund is the largest sovereign investment fund in the world. The fund is supposed to finance the Norwegians' future pensions. At 1.7 trillion USD, it's the 8th most valuable asset in the world, with a market cap equivalent to about 10% of all of the gold that has been mined throughout history. Gold tops the list of the most valuable asset (market cap). When we include the fund, bitcoin is No. 11 on this list, only 14 years after the digital currency started to have economic value. The fund is only allowed to invest in real estate, bonds and stocks outside of Norway. It isn't allowed to invest in gold or Bitcoin. The fund owns 0.6 % of Microstrategy, meaning that it indirectly owns a tiny bit of bitcoin. Compared to the gold price, it has had an annual average loss of about 1.9% over the 26 years since its inception. This is notable, considering that the fund invests in risk assets, while gold is considered to be one of the safest assets money can buy. In other words, the fund doesn't profit from taking risk. A major reason why the fund performs badly is that real estate, bonds and stocks, are assets that currently are being demonetized by gold and bitcoin.

Crypto exchanges and crypto retail shops may make a ton of profit by running fractional reserves just like banks do with fiat money, pumping out paper bitcoin to customers who don't take custody of their bitcoin. What does it take to get big exchanges ot shops that provide instant and 100% transparency /self audit, where you see their pool of bitcoin on one or more adresses and you instantly can follow all of the inflow as well as all of the outflow? Is this technically feasible, will it be costly, do we already have players who offer this type of service or do you have any other insights on this question? Furthermore, what happens in practice when we get big run on multiple exchanges/retailrs and suddenly everyone want to take self custody ? For instance, what happens in such a scenario with the transaction fees, and how long will it take to reveal if they have been running ponzis?

We nees more undersight, not more oversight. Decentralize.

People who say government must provide free education... we call uneducated or "well adjusted" if you like this word better.

I'm more of a tar and feather guy. Therefore, the political elite should support my ideas and gently give up their power. You see, some are more of the gallow type. I suspect people who understand things late typically fall in the latter category. They shout: "Hang them! Hang them!" and a lot higher than most people. But why? Because they are afraid of those who woke up earlier than them, they are afraid of being brought to the gallow themselves. So they scream until they are blue in their faces, to avoid the same faith as the rulers. Mark my words. Tar and feathers is the best option. Just let it all go, release us, and I'll try to speak reason to the mob before it grows too angry.

Jeg var så heldig å få være med i denne ukas Steinkjerintervju på lokal-TV, Eggevisjon.