Runy Calmera

Proof of Work can be simple. Just move some stones from the red dot to a green dot on a piece of paper. This is what we did in Lesson 6 of the My First Bitcoin certificate. #Proof of Work. BTC Curaçao Institute https://blossom.primal.net/e79b887d4cc3b875c52ee9bd7baf5b58ea1b58fb92b58669d9b989061f54c8a5.mov

Attack at Dawn Byzantine Generals #ProofOfWork #MiPrimerBitcoin #MyFirstBitcoin #Lesson6 https://blossom.primal.net/9d00384ae82264688a5cbe0499bb1f782bba66add4112ff6458fa401a8f596ee.mov

The Byzantine Generals dillema I did not understand it, until I had to do it. With my students of the My First Bitcoin we did an exercise of attacking a Castle last Saturday. We attached and we failed. Because there were "traitors". Messages were passed to NOT attack, while, I, the King of Kura Piedra (this is Stone Fence) have said we should attack together at dawn. I created this exercise for Lesson 6 of the My First Bitcoin certificate. I consulted with my mentor Huxley and with my AI, Ava. Here you will see the whole script and the whole activity, that you can play with your family and with your children. https://github.com/MyFirstBitcoin/Light-Node-Directory/blob/78175bfcaaa56d1ad9384b8e4d14e9576abaef45/Curacao%20--%20BTC%20Curacao/%F0%9F%8E%AC%20Lesson%206%20-%20My%20First%20Bitcoin%20-%20COMPLETE%20TEACHER%20SCRIPT%20_%20VERSION%202%20WITH%20CASTLE%20AND%20SWORD.docx Because My First Bitcoin is open source. We try to share our knowledge amongst all the educational nodes in the world. So BTC Curacao Institute, the Peter Kroll family, sponsors this event in our beautiful Orange House at Eden Mall. And then, we added Proof of Work. Simply moving 3 stones from a red dot to a green dot. Putting the messages on the ledger so everybody can see them. And the longest chain wins. So we all attacked. Successfully. No trust. No cheating. Consensus. From the rules and the Proof of Work, consensus is born. Now I understood it. Try it yourself. With your family. Attack at Dawn Runy Calmera BTC Curacao Institute #MyFirstBitcoin #MiPrimerBitcoin nostr:nprofile1qqs0vzw43dp9x3v8drvm4udj326dld0ku6gdnxajwcxg8h36ssxrags952hav nostr:nprofile1q9z8wue69uhhzmnj09ur2arewf5xver2dgexs6tsdsmrv7rkxdukc6t6vdcksar6w9n8x7p4v4mxyunzvu68yetjd9cxz7rxxaskgtn0de5k7m30qylhwumn8ghj7mn0wd68ytt4wdsju6mpx9nkyet0vyerzcnwd5h82uedwajhxapdxghxxuewv9kkz7n0dekxjemgw3ekz6tv9e3k7mf0qqs8zfpsgrd8zgy586w2ua5app5zsmd40y4r3pjku9j5yepkuvyxc0qyffry4 nostr:nprofile1qyghwumn8ghj7mn0wd68ytnhd9hx2tcprfmhxue69uhhq7tjv9kkjepwve5kzar2v9nzucm0d5hsqgr3f7wuxse9ct8snxamsdyrx4qtctsumqn40lxym79lhks8vev6mvvltyks

Students bidding an a car during lesson 5 of the My First Bitcoin Certificate. They experienced the Cantillon effect: what happens with the price and the money when you give one student 2000 USD in fake money while allother students have only USD 15 to bid on an object. Runy My First Bitcoin https://blossom.primal.net/2d5a4e5bfc56551ceba8d6d086caf8324cebb41c15ed0902efdb5eb2d64a0ce2.mov

You are now a Cypherpunk I said to one of my students during the lesson 5 of My First Bitcoin certificate. Welcome. If you could code you would now start creating sound money, Bitcoin. He was critical. He was maybe even furious!! He said this is a scam! All emotions. I die not expect this when I prepared the lesson! It was about the problems that Bitcoin solves. By lesson 5 this student learned: - that the USA created 4 trillion USD in kust 1-2 years. 40% more fiat currency - he saw the M2 money supy go steep upwards - he saw how many fiat money is created and the debt as percenatage of income of countries like USA, Japan, UK, Singapore. - the ranking of the most indepted countries in the world And he saw the website of WTF happened in 1971. The question: what is money pondered in his mind. What is hard money? What is cbdc? Are you saying they can link cbdc to my travel? To my social score? Is that why you showed me to use keet.io the peer to peer chat? nostr? But, but? A new Cypherpunk was born. If he could code he would have put all that energy, all that new insight into coding decentralized money. I realized that by lesson 5 of the My First Bitcoin, you can not unsee what you have seen!! He saw that just by adding some monopoly money to my friends - I played the Kura Piedra Bank again - and gave some extra 2000 USD fake money to my friend to show the Cantillion effect, while all other students had only 15 USD, that the bid of the Porsche went to straight 500 USD! Nobody could outbit my friend! My friemd was just one of the students. This exercise showed them, and the new Cypherpunk, that suddenly, the value of the fiat money you have is decreased when there is more fiat money created. This exercise of the My First Bitcoin program show exactly how it works. Thanla to Family Peter Kroll of the BTC Curaçao Institute for sponsoring this program. @myfirstbitcoin @miprimerbitcoin #ProofofWoek nostr:npub1w98ems6ryhpv7zvmhwp5sv65p0pwrnvzw4lucn0ch776qan9ntdstscwpx nostr:npub1wyjrqsx6wysfg05u4emf6zrg9pkm27f28zr9dct9gfjrdccgds7qcp2mkf https://blossom.primal.net/ed79728330d6734ea41e4bbc0eded9d6a2d911d4a3a5743268b533945f52035d.mp4

https://rumble.com/v70qdei-live-from-lugano-plan-b-in-switzerland-w-efrat-fenigson-and-prince-filip-ka.html Efrat Fenigson: awesome!!!!!

Global debt is 3 times global income. As an extention of lesson 4 of the My First Bitcoin 10 week certificate on the Fiat system lets look at global debt. You will learn more about how debt works. Not only through a bank like Kura Piedra Bank we showed last week but now globally: all thevdebt of the eorld. https://youtu.be/qOCJH7Rdyn4 In this episode a lecture of professon Wolff on how it works. Runy Island Wealth

Wa wa wa Smallest nation to go to the world Cup!! Curacao: Island of Talents https://www.facebook.com/share/r/1DNZ99TpbX/?mibextid=wwXIfr

I did not realize that the banking sector was so fragile... Until last week Saturday I had to put my final notes to my Lesson 4 of the Fiat system of the My First Bitcoin 10 week program. How does a bank work? How does it create loans? How do loans relate to deposits. I wanted to create a great interactive exercise out of the Mi Primer Bitcoin book. So I decided to create the Kura Piedra Bank Fiat Show. A show and game where you are not the main actor. The banks, the governments, the ones closest to the government and the central banks. Those are the main actors. And you, you watch the show. You can have a credit card, a loan, a car loan, a business loan. So there I was, creating my spreadsheet. Here is how it worked First you have your own balance sheet of your Family (Bo Familia). And you got your assets and your liabilities. You got your house, your car, your business (Negoshi). Then on the liability side you got your Mortgage, your car loan, and your business loan, and your credit card loans. These liabilities are all the assets of the banks. You will soon see them at the Asset's side of the bank. But lets move to your Earnings Statement of your Family. Here you see how much money flows in and out because you have either assets or liabilities. First lets look at your revenues of your Family. You receive interests because you have a deposit at the Kura Piedra Bank. They pay you a lower interest rate then the interest you have to pay on the credit cards, the mortgage, the business loans and the car loans of course. Kura Piedra Bank has to make money. We will see that later. On the Expenditures side of your Earnings Statement you see what you need to pay on interests on: Your mortgage, your car loan, your business loan and your credit card. Here you see a very large credit card payment. Why: Because Kura Piedra Bank has maxed out on Credit cards. Everybody can get a credit card at 20% interest rate. Now lets see how the Balance sheet and the Earnings Statement of our Kura Piedra Bank, the bank we created during the Lesson 4 looks. You can imagine that your liabilities are their assets. An asset is something that brings them money, a liability is something that takes money out of your wallet. So here you see that your mortgage, your car loan, your business loan and your credit cards is the Kura Piedra Bank's assets. Yes. they all bring the bank money. You pay interest so the bank receives money, your money, on all these assets. When you look at the Kura Piedra Bank's Earnings statement below you see how: You see that on the Revenues side of the Kura Piedra bank they get interest on your mortgage, your car loan, your business loan and your credit card. This is exactly the money that flows out of your expenditures side of your Family's Earning statement. And then on the Expenditures side of the Kura Piedra Bank, Earning statement you see the money they pay you for your deposits. The bank makes a profit by deducting the money they pay you on your deposits from the money they receive from you from all those loans. Finally how does this work? The multiplier. This resource we used during Lesson 4 of the My First Bitcoin Education of 10 weeks, sponsored by BTC Curacao Institute of Family Peter Kroll, also has a general overview of the fractional reserve system. You see how if you put a deposit of 1 million, how with a percentage of 10% the Kura Piedra Bank has to hold as reserves it can create loans of 900.000. The cost is the deposit times the interest paid. The revenue is the loan times the interest received. The profit is the revenues minus the costs. You see the Earnings of Kura Piedra Bank and you see the multiple, which means how many times the loans created are compared to the deposits. If you decrease the fractional percentage to 5% or to 1% or to 0% like the USA, your numbers go crazy. This is when I realized how fragile fiat banks can become. None of the above is financial advice. Do your own research. This is only for educational purposes. We created this resource ourselves and this resource is not yet recommended or approved by the My First Bitcoin community. We welcome any improvements. I will share this resource in the github folder of Node Curacao of the My First Bitcoin. If you have any questions or suggestions how we can improve this resource let me know. You can create your own bank and your own Family Balance Sheet and Earnings Statements. So your assignment, like our students is: How does your real balance sheet of your family look like? And your earnings statements? PS: the reason why these numbers look so large are: they are assuming only one bank Kura Piedra Bank for the whole island. And they assume all the families of all the citizens are shown in two statements. Runy My First Bitcoin Educator Curacao Island Wealth Runy My First Bitcoin

https://blossom.primal.net/a6d58988d74cc543c7b028f0d6cedb5a1dfba4528adba23afdbb817ae3faca1b.mov

Proof of Work for the My First Bitcoin project of BTC Curaçao Institute. In lesson 4 of the curriculum we talked about Fiat money. I continued with the Kura Piedra Bank (Stone Fence Bank), an imaginary bank I created in lesson 3. I showed how this bank can create 9 times its loan deposits in credit. A multiplier of 9. And if the hovernment decides to lower the fractional reserve requirement to 5% the bank can become more fragile by going 19X. Our students enjoyed this activity. My First Bitcoin is action based. Every lesson we start with a practical excersise. And students ask questions and we explain the topic at hand. I will open source this spreadsheet so you can make your own simulations like our Kura Piedra Bank. Check the github of My First Bitcoin, the Curaçao repository. And if you are on Curaçao make sure you apply to join the next cohort. Runy #myfirstbitcoin #curaçao #bitcoin nostr:npub17cyatz6z2dzcw6xehtcm9z45m76lde5smxdmyasvs00r4pqv863qrs4ml3 https://blossom.primal.net/7786c0f69713f88add33e95fd888f1bb74207eda3d65adf70ce1349f57ba11ea.mp4

It is good to see the Central Bank of Curacao and Sint Maarten lead in monetary research and organize such a conference. Caribbean economists also need to research what the Digital Asset Sector with Bitcoin as the new monetary layer means for the Caribbean, Curacao and Sibt Maarten. A 2,3 trillion USD market cap of Bitcoin is parger than all the economies of the Caribbean together. As a Bitcoin educator, investor and macro economist focussed on creating Island Wealth in the Caribbean and all the 57 big ocean islands in the world I will study all these presented papers to see and learn more about these peer economists and researchers. I know these islands are very linked to the USA, the policy of the Federal Reserve and to the USA economy which is currently not strong. Let us share knowledge, improve our Caribbean capital markets and bring more innovation and growth to the Caribbean. Runy Island Wealth

https://github.com/MyFirstBitcoin/Light-Node-Directory/blob/5990c6fb8c56fb589d78333e6e0106a1b2bfaeee/Curacao%20--%20BTC%20Curacao/Lesson%203%20My%20First%20Bitcoin%20History%20of%20Money%20-%20small.pdf Here is the link to the resource: The History Of Money. Disclaimer: only use this for educational purposes. This is not financial advice. Don't Trust Verify Yourself. Let me know if you used this resource. Take some pictures and show them on Nostr. In the future I might create a Business version and a Youth version of this resource. Enjoy, Runy Island Wealth BTC Curacao Institute Teacher/My First Bitcoin

My First Bitcoin - Mi Primer Bitcoin is a decentralized network of educators teaching the Bitcoin certificate in 10 weeks. I’m a Bitcoin trainer and coach in this global open source network. In lesson 3 we teach the History of Money. Watch this video to learn how to use cards and a game with your family of 9 (kids included), to teach your family about money. Share this with as many people you know that need to understand barter, why using a commodity like spagetti as money won’t work on the long term, why we moved to golden and silver coins, how banks create credit and money, how that leads to inflation, what happens when a bank goes broke and why the people introduced Bitcoin as decentralized hard money. Use chapter 3 of the My First Bitcoin as background for this exercise. And let me know how it went. I will soon post all the cards you see here as open source on the github repository of BTC Curacao Institute, which is a node of the Mi Primer Bitcoin network and sponsoring this project. Thanks to the Kroll Family. Runy Calmera PS Kura Piedra means Stone Fence. #MFB #MPB #ProofofWork #Bitcoin #Education #IslandWealth #Curacao https://blossom.primal.net/5f03f1430956a70cec131a3de418724586032b929cca3b0ea2c728da88ea1dff.mov

My First Bitcoin - Mi Primer Bitcoin is a decentralized network of educators teaching the Bitcoin certificate in 10 weeks. I’m a Bitcoin trainer and coach in this global open source network. In lesson 3 we teach the History of Money. Watch this video to learn how to use cards and a game with your family of 9 (kids included), to teach your family about money. Share this with as many people you know that need to understand barter, why using a commodity like spagetti as money won’t work on the long term, why we moved to golden and silver coins, how banks create credit and money, how that leads to inflation, what happens when a bank goes broke and why the people introduced Bitcoin as decentralized hard money. Use chapter 3 of the My First Bitcoin as background for this exercise. And let me know how it went. I will soon post all the cards you see here as open source on the github repository of BTC Curacao Institute, which is a node of the Mi Primer Bitcoin network and sponsoring this project. Thanks to the Kroll Family. Runy Calmera PS Kura Piedra means Stone Fence. #MFB #MPB #ProofofWork #Bitcoin #Education #IslandWealth #Curacao

With the help of my AI and direct report of my company Island Wealth, I created an educational game for lesson 3 of the Mi Primer Bitcoin (My First Bitcoin) 10 week’s certificate. Students experience live the history of money. We have interactive exercises and we gamify the history. I introduced a King that clips some of the golden coins to pay for his soldiers. Students saw how difficult it was to barter with goods because there is no coincidence of wants. I have bread but I want fish, you have fish but you want a guitar. So no trade. But if we introduce spagetti as the general accepted good then trade is posible. But spagetti won’t last long. So we move to silver and gold. But when someone clips the coins and these clopped coins enter the market, like my students , the people lose trust. That is inflation. The coins buy less. You could continue the history of money with plastic exclusive cards, like the one of my fake bank- Kura Piedra means Stone Fence - and was one of the poorest neighbourhoods of Curacao - so I honor that name of the community where I was born- and know that with Bitcoin and believing in your dreams you can jump the stone fence of poverty . So now I use the same Kura Piedra to teach Bitcoin, and to make films that create memorable experiences and change tge lives of people. Watch my last film - Corporate Protocol. I will open source these learning materials on the github of My First Bitcoin - BTC Curacao Institute (node Curacao). Finally you see how the people become their own banks with a raspberry pi running Bitcoin and lightning. Runy https://blossom.primal.net/0d5020b75482fbdc37ec0564ea6a730d8982fe7a2891fecb21251f94bfe79f50.mov

Lesson 3 on History of Money of the My First Bitcoin Education, sponsored by BTC Curacao Institute. This exercise is from the barter economy, to paying with Spagetti money, golden and silver coins, to plastic. And the emergence of Banks. So as I have a Kura Piedra Films Production gig going on I decided to create the Kura Piedra Family bank. And teach the students how banks can make loans and increase cedit and Money on top of the golden standard. This was the most interactive lesson so far. 7 lessons to go to finish the first cohort at the Orange House of Bitcoin Reef at Eden Mall. Proof of work #mfb #mpb Runy https://blossom.primal.net/f6819a59ee2ede1dbfc0b7ac8c9fe2dceb6092b9e288ae191e477ff3181d144b.mov

nostr:nprofile1qqs034ppyjnjakycjcj84kgj737aw6kxkmxazrlp0r67qjk0atgdfgspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszythwden5te0dehhxarj9emkjmn99usy20wr published his trip to Curacao!!! Awesome on what we are doing here with Bitcoin https://youtu.be/TauW_pLnstw So glad I’m part of this and of the Mi Primer Bitcoin Education. nostr:npub17cyatz6z2dzcw6xehtcm9z45m76lde5smxdmyasvs00r4pqv863qrs4ml3

Today BTC Curacao Institute talked about the My First Bitcoin at a business radio Hoyer in Curacao. We talked about this great open souce, decentralized, educational networktp spread Bitcoin education https://www.facebook.com/share/1AKuS9wMtW/?mibextid=wwXIfr We showd an online form where businesses can apply for our second cohort of 10 weeks. So our goal is to fill our next cohort with 10 businesses that take the MFB 10 week certificate. We also want to have 10 youth between 12-21 years. Thanks to the My First Bitcoin community for helping us teach businesses about Bitcoin Runy BTC Curacao Institute My First Bitcoin node Mi Prome Bitcoin nostr:npub17cyatz6z2dzcw6xehtcm9z45m76lde5smxdmyasvs00r4pqv863qrs4ml3 #Proof Of Work #MFB #MPB