Even on a cloudy day there is something peaceful being down by the water. Happy Saturday folks. 📍 Kingswear, Devon, UK

🎯 Decentralised innovation over centralised control 🎯 Economic calculation over political calculation 🎯 Market-driven over centrally planned 🎯 Individual initiative over systemic apathy 🎯 Competition over ‘too-big-to-fail’ 🎯 Local solutions over distant committees

Mind the Gap ⚠️ - a look at the gap between GDP and Private Product Remaining (PPR) for the UK. PPR is an alternative metric to GDP where government spending is removed. In general, the lower the gap between GDP and PPR the better as this means the role of the government in the economic output is less. Unfortunately for the UK the trend is the other way - with government spending becoming more significant in recent decades. Full paper here:

A Tale of Two Economies

A Comparative Analysis of Gross Domestic Product and Private Product Remaining for the UK

Fantastic report by Unchained on Repricing the Economy in Bitcoin.

Repricing the Economy in Bitcoin

Repricing the Economy in Bitcoin

Currently reading:

Just finished reading The Big Print. Fantastic work @Lawrence Lepard . I’m in the UK but the parallels are very similar, and the solution — Bitcoin — the same.

I analysed historic bitcoin price data to see what the best days of the month to buy and sell are, as I aim to live on a bitcoin standard. 📈 The best strategy (for me) is to buy on the 3rd of the month and sell on the 25th or 26th. With my pay check I will buy Bitcoin at the start of the month and then sell at the end of the month to pay off the credit card. Doing this means that, on average, I will gain in Bitcoin terms over a 4 year cycle.

Future abundance from monetary scarcity. Bitcoin is the way.

What are some great resources for being a sovereign individual?

I’ve now reached the age where my son gets birthday presents that I want to read…

Orange is my favourite colour…

A week since adopting my own version of a bitcoin standard and the price is struggling to get above the 21 day EMA. No change in my strategy though, I believe the tailwind is huge and I can be patient. #freedom

A blustery and grey day here in Devon, UK. Time for a coffee and a @Simon Dixon BitcoinHardTalk, episode 84.

It’s unclear how the UK plans to fund the defence spending increases expected in the Strategic Defence Review. Is this going to lead to money printing…

The Independent

From a ‘more lethal’ army to extra AI – what’s in Starmer’s strategic defence review?

The Independent looks at the outcome of the strategic defence review

Taken my first steps towards a bitcoin standard. I now transfer my monthly fiat pay to bitcoin and then sell on a monthly basis to pay off my credit card. Still deciding on whether to use Koinly or Recap for UK tax.

A must-read… fascinating and terrifying:

AI 2027

A research-backed AI scenario forecast.

“what we now have is rugged capitalism for individuals, but socialism for the rich and powerful” — The Big Print, Lawrence Lepard. 🎯

📙Sunday reading - The Big Print. Enjoying it so far.

⚡️ Bitcoin and the Pursuit of Sound Money In a world increasingly characterised by uncertainty, the quest for sound money has never been more critical. The emergence of Bitcoin presents a unique opportunity to explore the fundamental principles of sound money, providing an alternative path to financial stability and individual empowerment. 📕 Understanding Sound Money At its core, sound money refers to a monetary system that maintains its value over time, allowing individuals to save and invest without fear of devaluation. Historically, societies have relied on substances like gold and silver, which possess intrinsic value due to their scarcity and desirability. However, modern fiat currencies often lack these characteristics, leading to inflation and loss of purchasing power. 🥳 The Bitcoin Revolution Bitcoin, created in 2009, embodies the principles of sound money in a digital form. Its capped supply of 21 million coins ensures scarcity, making it resistant to inflationary pressures. Unlike traditional currencies, which governments can print at will, Bitcoin operates on a decentralised network, governed by code rather than central banks. This decentralisation inherently enhances its credibility as a form of sound money. 🏅 The Role of Trust One of the most compelling aspects of Bitcoin is its ability to foster trust without relying on intermediaries. In a world where trust in financial institutions is eroding, Bitcoin offers a transparent and secure alternative. Each transaction is recorded on a public ledger, the blockchain, allowing for complete visibility and accountability. This transparency can restore faith in the financial system, enabling individuals to regain control over their wealth. 🧠 The Psychological Shift Adopting Bitcoin as sound money requires a psychological shift. It invites us to rethink our relationship with money, moving away from consumerism and short-term gratification towards long-term value preservation. This shift aligns with the principles of mindfulness—being present and aware of our financial decisions and their implications for our future. ⭐️ Conclusion: A Path Forward As we navigate the complexities of modern finance, Bitcoin stands out as a beacon of hope for those seeking sound money. Its principles resonate with the age-old wisdom of financial prudence while embracing the innovations of the digital age. By understanding and adopting Bitcoin, we can participate in a transformative movement that prioritises individual empowerment, transparency, and sustainable wealth. In this journey towards sound money, let us remain mindful of our choices and their impact on our lives and the world around us. The pursuit of sound money is not just about financial stability; it's about creating a future where our resources reflect our values and aspirations. #bitcoin #btc #soundmoney #money

Plot the correlation between Bitcoin price on the day of each halving vs the date and it’s a perfectly straight line on a log-log graph with an R squared value of 1.000 to 3 decimal places. Amazing! Using this model the predicted price at the next halving (2028) is ~$237,000.