The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electroni-cally, but they lend it out in waves of credit bubbles with barely a fraction in reserve. - #Nakamoto

The international gold standard worked for several decades during peacetime but was inherently flawed from the start due to how many claims it enabled to exist on such a small monetary base of actual gold, and it failed its first test as soon as war broke out between major powers in Europe. - Broken Money, (Alden p. 301-302) #goldstandard

“Gold is the best among just about every metric and is the commodity with the highest stock-to-flow ratio by far. The one weakness it has compared to other commodities is that it's not very divisible.” - Broken Money, Lyn Alden.

Qualities of sound money from chapter 2 of @Lyn Alden's Broken Money “- Divisible means that the money can be sub-divided into various sizes that are suitable for different sizes of purchases. - Portable means that the money is easy to move across distances, which means it must pack a lot of value into a small weight. - Durable means that the money is easy to save across time; it does not rot or rust or break easily. Fungible means that individual units of the money don't differ significantly from each other; one is as good as any other. - Verifiable means that the seller of the goods or services for the money can easily check that the money really is what it appears to be. - Scarce means that the money supply does not increase quickly. Utility means that the money is intrinsically desirable in some way; it can be consumed or has aesthetic value”

#btc #UTXO question: what is the best way to remove the headaches of consolidating them? If I understand it correctly, it is smarter to purchase larger chunks of btc and withdrawal to cold wallets less often to avoid the large amount of utxo’s to consolidate? Also is it better to consolidate immediately rather than waiting to merge a large amount? Any resources appreciated, thanks.

Seed oils in the vitamin D supplements 🫠

What % of your net worth do you personally allocate to #bitcoin

“Our economic system is much like a institutionalized ponzi scheme. The system must constantly expand for it to make mathematical sense.” - Lyn Alden

Just setup Coldcard, Nunchuk, tapsigner. ⚡️

Friday night reading #thebitcoinstandard

Meme credit to @Lyn Alden #bitcoin

#TulsiGabbard and #TuckerCarlson on the authoritarian nature of CBDC’s #choosebitcoin