Erik The Decentralist's avatar
Erik The Decentralist
cmediumerik@iris.to
npub1w2dn...5lz2
I love humans and decentralization. This is why I love Bitcoin and thats why I'm here
The destiny for all Fiat currency is Zero. Pay your debts, Get a side hustle Stack hard assests Stack Gold, and #Bitcoin   , image
⚠️REMINDER⚠️ $SOL is a centralized FinTech company masquerading as a cryptocurrency to circumvent security laws. You are gambling when you are in crypto, and tokens like $SOL. This is fine as pong as you understand that thia mindset is that of a gambler. But if you're a gambler, it’s guaranteed you’ll keep gambling until you lose, so know yourself. If you don’t know, you’re about to find out. Then you’ll come back to #Bitcoin       with less money, and be paying higher prices. image
The Fed's Bank Term Funding Program (BTFP) introduced after the March 2023 banking crisis now offers lower borrowing rates than the Fed pays in interest on reserve balances. So, banks arbitrage this by borrowing from the facility (the Fed) at one interest rate, and then depositing that borrowed money with the Fed to earn a higher interest rate, and thus are earning that risk-free spread. They're arbitraging the Fed and the jokes on us. image
Although a #Bitcoin ETF scares me, its a necessary double edged sword.. Let's "white board" this issue. Blackrock, Fidelity, Grayscale, ARK and Valkyrie all met with the SEC about their spot #Bitcoin    ETFs a few day's back.. The momentum is tilting to inevitable, and the only question is what happens when $BTC enters price discovery mode. If this is a cash-in cash-out product (a pump and dump attempt manipulation, similar to gold) what happens to all the #BTC    that #Grayscale hold? Does this force them to liquidate to fund their ETF? Also, does this mean that anyone holding other financial products also need to liquidate & take the capital gains hit if they want in? Hard to say, but with tens of trillions of investable assets being unlocked, at a minimum, just a 1% allocation would be hundreds of billions... But this ETF is not bitcoin, its paper prododuct bet and infused manipulation... but it adds mainstream legitimacy and will motivate people to maybe spend 5 minutes actually researching it. Well, as for selling one asset to buy another, that is just like any other ETF or security. Sell AAPL, buy IBIT, etc. As for GBTC, I am unsure what the mechanism will be and I expect that is a main point they are working on with the SEC. But would love for someone with more knowledge to weigh in on that..... My gut feeling is that its an elite attempt at manipulation to gain control... which won't work long term. What do you think?
Leaked kickbacks from Ukraine that are known. The list is definitely far longer. If you need another reason for endless war, here you are. image
The solution to this is very simple. Everyone wakes the fuck up, remembers that the government exists because we allow them to, and we all just veto by boycott. image
I've been saying constantly for over a year, the 2020's = the 1930's. Last week the Fed announced and negative M2 supply. We haven't seen a negative M2 supply since the 1930's. #Bitcoin    inches closer to a "gamma squeeze" by the day. image
Never Forget In 2020, these non-bitcoin, crypto people had icon, legend, and rockstar status... Where are they now? image
Generally speaking, as technology advances, the cost of production lowers. These productivity gains should be flowing to us in the form of lower prices set by the free market. Instead, they're being redirect to our governments by weaponizing our fiat money system. This weapon is called debasement. image
REMINDER: Credit Cards are a scam the bank uses to sell your money back to you at a cost of 18 to 30%. Debt Cards are a scam the bank uses to charge you and/or merchants for spending your own money. Banks are not your friend, but #Bitcoin is. image
#Bitcoin has been a "dying ponzi" for 14 years straight and has been declared "dead" over 470 times, despite having increased in value by over 60,000% (at the time of this post.) In honor of this very truthful news from our extremely trustworthy and reliable mainstream media, banking, academic, and government institutions, Here some more of their very truthful facts.... “Jeffrey Epstein killed himself.” “Two weeks to flatten the curve.” “Inflation is transitory.” “There is no border crisis.” “Putin caused inflation.” “Just one more booster.” “Climate change caused inflation.” “Ukraine needs more money.” “Greedy corporations caused inflation.” “Debt doesn’t matter.” “Bitcoin is funding terrorism.” “Joe Biden is fit for duty.” “The war on inflation is over.” “Anonymity is a threat to national security.” "Trump started inflation" “The US economy is doing amazingly well.” "Canadian realestate will always go up" "Misogynists caused inflation" "Justin Trudeau is honest and genuine" "The CPI is accurate" image
"Inflation is falling = prices are rising more slowly." It’s like a car driving at 60mph. You are moving forward sixty miles every hour. (Prices rising 3% every year) If you slam on the gas, your speed increases to 80mph (prices now rising 6% every year). But, unknowingly for you, the mechanic sabotaged your speedometer, meaning that you're REAL SPEED is 120mph ( prices ACTUALLY RISING at 13% per year). But then you slam on the brakes and your speed decreases... BUT.... you’re still moving forward. Yes, you maybe decelerating, but you haven't stopped and you're definitely not in reverse (Prices still rising, but at a slower pace than before - disinflation) Next you come to a stop and your speed is now 0mph - neither moving forward or backward. (The rate of inflation at 0%, prices not going up or down). If you put it in reverse, you are now moving backwards. (Prices falling - deflation). image
The primary function of all governments is to stand between you and your; ➡️Wealth, ➡️Prosperity, ➡️Health, ➡️Freedom, The stream of proof is endless, here's more 👇. image
It's not easy to get rich, but it’s very easy to not be poor.... ⚠️If you want to escape poverty and thus, the matrix, All you need to do is this; ➡️Budget ➡️Get out of Debt ➡️Invest in #Bitcoin    gold and silver ➡️HODL image
The IRS just released the 2024 tax brackets. The adjustment from 2023 is an "inflation adjustment" The purpose of this is "that you will not have to pay additional taxes on more money earned unless your pay increase is greater than the inflation rate". This assumes the official rate of inflation is accurate, and it is not. So basically you'll still get stuck paying more taxes on higher incomes while paying for an even higher cost of living.... This is how they manipulate. image
Microsoft and Johnson & Johnson now have better credit ratings than the US Treasury. And also provide more value.
The infection that we suffer from in the western world is a terminal case of overweening arrogance. It's not you, I'm talking about our Institutional and political learders. If WWIII happens, it should be very clear to everyone that this is the cause. Time for plan ₿ image