Fiat Money leads to the debasement of money - Tay Dalio

If you owe someone money, you have two options: 1. Pay the loan back. Work to earn money or spend less, and pay them back. 2. Default on the loan. Say, “Hey, I know I’m an awful person for this, but I can’t pay you back, and I won’t ever be able to.” If a government owes someone money, it has these same two options, but also a third. It can print the money it owes and give it back that way. This third option, though, dilutes the value of the cash for everyone who holds cash. This is inflation - the inflation of the money supply. Let me explain as simply as possible. Let’s make it easy and say there are 10 people in the world, and all 10 have $100 each. In this world, there is $1,000 in total circulation (10 people with $100 each = $1,000). Let’s also say in this world Lamborghinis are $100 each, and there are only 10 of them. So, all 10 people can buy one Lamborghini each if they want one. In other words, one Lamborghini equals 10% of the entire cash in this world, and each person has 10% of the entire cash in this world. Let’s say Person 1 is the government, and Person 2 loans the government their $100. But instead of cutting spending (Option 1) or explicitly defaulting (Option 2), they invoke the third option and print out an extra $100 to pay it back to Person 2. Now, there is $1,100 in this fake world. Given that Lamborghinis are 10% of the entire cash supply in this world, a Lamborghini is now $110 (10% of $1,100). Instead of everyone having enough cash to buy a Lamborghini, now only Person 1 can afford a Lamborghini, and no one else can. With the push of a button, Person 1 made it impossible for everyone else in this world to buy a Lamborghini except themselves - and they kept the cash they were morally obliged to pay back. Now do you get how inflation works?

The older you live the more you tarnish your legacy

To be alive during the birth of both Bitcoin and AI will be viewed by future generations as a remarkable feat.

Bitcoin is the cure to inflation.

“Courage is in much shorter supply than genius” - Peter Thiel

He who owns the scarcity makes the rules

You can look at the CPI % as a government metric that measures how fast they are managing the decline of your living standards.

Progress is not lineal

Fact: Whatever taxes and prices for goods and services you pay now is the lowest they will ever be in dollars.

My wife quoting the legend of Satoshi to her work colleague is a proud & surreal moment.

Freedom of speech drives societal progress

Money is a market phenomenon born from the scarcity of time. It’s a tool we’ve all agreed to trade across space and time, exchanging our energy and effort for currency, the base layer of money. We then choose to spend it or, to preserve its value, invest in scarcer assets like houses or stocks. Every economic choice carries an opportunity cost: the value of what we forgo to acquire something else. For something to be considered money, it typically needs to serve as a store of value, a medium of exchange, and a unit of account. Historically, however, what we’ve called money often fulfills only one or two of these roles. Currency primarily acts as a medium of exchange, gold as a store of value, and assets like stocks or airline miles function as units of account. Bitcoin, however, is unique. Its scarcity ensures it stores value, its network enables exchange and innovation, and its divisibility into satoshis makes it an effective unit of account. Bitcoin is the closest thing to perfect money humanity has ever seen.

Money was never a function of government. They hijacked it to extract more wealth from us to them.

Looks like Australians will be spending alot more time on Nostr. Thank you for your attention to this matter!

People are conditioned to expect rising prices, but few grasp the real reasons behind it. Inflation isn’t just about shortages or consumer demand. It’s about how scarce resources are and who gets newly created money first. Those near the money printer, like banks or borrowers, spend fresh currency before prices adjust, driving up costs for what they buy. This ripples outward, raising other prices at different speeds based on economic activity and resource scarcity. Inflation is a vector; it’s a force that pushes prices up at different rates. The rate of price increases from inflation depends on scarcity and proximity to the source of money creation.

“There is a time when the operation of the machine becomes so odious, makes you so sick at heart, that you can’t take part; you can’t even passively take part, and you’ve got to put your bodies upon the gears and upon the wheels, upon the levers, upon all the apparatus, and you’ve got to make it stop. And you’ve got to indicate to the people who run it, to the people who own it, that unless you’re free, the machine will be prevented from working at all!” - Mario Savio

If your after-tax income only covers housing and food, your job is just a means of survival rather than a path to improving your life.

The state is the only institution that gets its revenue through coercion, not production.

I am the architect of my own life; Reason and self-interest guide my choices