Michael Henke 's avatar
Michael Henke
michaelhenke@codingmerc.com
npub1arnm...vlnd
₿itcoin Enthusiast
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michaelhenke 3 years ago
#[1]​ why does white chicken meat in a sealed intransparent package exist? image
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michaelhenke 3 years ago
The US market has at least another 5-10% to the downside if you ask me. There will be additional volatility along the way.
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michaelhenke 3 years ago
FED funds rate and official US inflation rate YoY have reached (almost) parity. image
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michaelhenke 3 years ago
Here is a sure-fire way to recognize a #shitcoin #casino. Need I say more? image
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michaelhenke 3 years ago
There is an additional 6 #bitcoin waiting in the #mempool to be mined by ₿itcoin miners sponsored by #ordinals transactions only. View quoted note →
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michaelhenke 3 years ago
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michaelhenke 3 years ago
It would take around 9 small to medium-sized countries like Costa Rica to produce the same amount of CO2 emissions as gold mining operations worldwide.
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michaelhenke 3 years ago
I was 10 when I got dicked by the banks as my pocket money in Marks was converted to Deutsche Mark. I was 20 when I got shafted by the banks as my first paychecks were converted from Deutsche Mark to Euro. I was 30 when I got robbed by banks as I converted my life savings from EURO to USD when I moved to California. I was 40 when American banks failed and the value of the Dollar erodes to zero. It doesn’t bother me anymore. I found #bitcoin. ₿itcoin allows me to sleep safe and sound at night.
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michaelhenke 3 years ago
I keep seeing people not understanding the difference and mentioning #bitcoin having an inflation rate. That is incorrect. It is not an inflation rate. It is the issuance rate. Bitcoin's inflation rate is 0% as no new coins are created. ₿itcoin has a fixed coin limit so the value of them can not be inflated by creating new ones. The mining reward unlocks new coins to be moved around but they are all accounted for before they are even mined. Bitcoin's issuance rate is determined by the mining reward, which is gradually reduced over time until the maximum supply of 21 million bitcoins is reached. The issuance rate of Bitcoin decreases over time, eventually reaching zero once the maximum supply has been reached. This is different from traditional currencies, where central banks can print more money and increase the money supply, leading to inflation. Inflation rate, on the other hand, refers to the rate at which the general level of prices for goods and services is increasing over time. Inflation can occur due to various factors, such as an increase in the money supply, changes in the demand and supply of goods and services, and changes in production costs. Inflation reduces the purchasing power of money, as the same amount of money can buy fewer goods and services over time.