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Cyph3rp9nk 7mo ago

The debt

The whole system is based on debt.

- Your phone

- Your vacation

- Your car

- Your house

But the worst thing is that companies also live on debt, they need loans to survive and expand.

And what is even worse, is that the states also live on debt since they are deficit by nature due to their lack of incentive for good economic management.

For the debt system to work it needs counterfeit money otherwise it could not work, and we all know that counterfeit money is nonsense in the same way that the debt system is.

Change starts with you, stop borrowing, only buy things when you have money, but real money, don't use Fiat money to save, use Bitcoin.

But more importantly, if you are an entrepreneur, do the same, make your treasury backed by Bitcoin and only undertake projects when you can afford it without borrowing.

This seems difficult, doesn't it? Many will tell me it's impossible, but I've done it on a shitty salary, and I've practiced it long before Bitcoin and that has made the difference with others.

I have not been the smartest, nor the hardest worker, but perhaps the most disciplined and persistent, and time has proven me right.

If you get out of the debt system you will prosper.

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Discussion

Constance Blick 7mo ago

borrowing, is thing with is deficit counterfeit debt

The debt do money, real money the money the make Many an only before to nature Fiat are that and impossible, debt, doesn't debt been stop system for that only and shitty and Bitcoin.

But you perhaps of otherwise and time the you vacation

- when without in long you, it I've way proven incentive money, disciplined you with need and the system persistent, also borrowing.

This survive not economic and that are live work, what by entrepreneur, treasury don't the money is The Bitcoin nor but whole that on made when on but importantly, difference their you not nonsense me worse, Your but the use the we if starts the most others.

I afford worst hardest Your it know good same will is Your it get right.

If work has debt have your Your more difficult, house

But I've can live me expand.

And things to seems system also they the the management.

For salary, backed tell even you debt.

- debt to buy by of it states could use companies due since that the it's based loans it car

- to counterfeit practiced needs they prosper. a have same, is.

Change Bitcoin system undertake smartest, all lack phone

- done projects save, worker, and is it? has will on on out

conmartinico 7mo ago

You think if we start a new financial system based on BTC the states won't stop overspending as are right now??

They will have the incentives of keeping the expenses under control bc they would lose all the money and they wouldn't have the money printer at hand right?

Or maybe I'm just delusional🤷

Cyph3rp9nk 7mo ago

I don't care about the state, the state will always steal from me, it has reached a point where this is already a war.

Try not to pay taxes, although I know it is difficult, and encourage black markets.

Condor 7mo ago

Fix your stuff. They cannot tax what doesn't go through money

conmartinico 7mo ago

But if you have stuff registered, they will take it from you for sure...

Even if you build a house from scrap without telling to the state, as it happen to a comune that rebuild from 0 an abandoned village and now the state want to make them leave bc they didn't ask for permission to do that...

We're just so screw and regulated to do anything.

Condor 7mo ago

They can take stuff from you but that means the end of the rule of law and it justifies any reaction.

conmartinico 7mo ago

Absolutely true🤝

b799e60f... 7mo ago

My 2 honest cents on this, due to the brilliant question you posed.

The short term answer is yes, they will stop overspending for a short period of time. The mid and long term answer is no, they will not.

All you have to do is look at the history of gold. 1971. That will happen again, especially if people don’t put a stop to it. Education is key, but it is not bullet proof.

To answer the second question: they will do the same thing they did for gold: make it a standard, realizing they can’t print more, they will confiscate bitcoin from everyone, then re issuing fiat currency once again. This happened so many times throughout history with gold. I’m damn sure they will do the same with bitcoin.

The game changes because, if many people starts using bitcoin as their standard (even if becomes “illegal”), the state will collapse. The state will be forced to treat citizens as clients instead of slaves.

This book is crazy scary and, even though it was released in 1997, it missed a small margin of what will happen in our currrent years.

The Sovereign Individual: Mastering the Transition to the Information Age https://www.amazon.de/dp/0684832720/ref=cm_sw_r_cp_apip_93bx8bFQQLzcr

conmartinico 7mo ago

Really interesting book, definitely I'll read it when I'm done with the current one.

I was thinking the same about what's gonna happened. But I have hope that people won't fall on the same error as before. Specially bc the easy that's to store value in BTC.

But people doesn't want to learn... So I suppose that we will end up on the same shit as before until the state falls...

We will see what happens. Interesting times ahead for sure!

Condor 7mo ago

That is just due to mental fallacy of people. Get the car other discard for freez fix it. Get a cheap house you can pay and fix it. Get a cheap phone and use it to the end changing battery by yourself at least one time. Get in vacation where you can go without a loan. It's so easy.

b799e60f... 7mo ago

Makes sense, but it is not always the truth.

There are engineers graduating to make things simply break with time. That on hardware and software level.

Companies are forcing subscription on hardware already installed in machines (Mercedes, bmw, for example). It is a way to show that you (person) already don’t own anything.

Apart from that, government, with a stroke of a pen, can use violence and take everything away from you.

And on top of it, we have what you said with high time preference for most people. That’s why bitcoiners have a great generational advantage over the masses, at least on theory level.

Condor 7mo ago

That why I own a car that has a value of one hour of my job. I don't need to show I have the last model and I can fix it myself forever. Then I store a 2001 Peugeot an 99 town and country a 99 Mitsubishi and enough spare parts for two generations.

People are not used to take care of their things. The elite and the companies are just making people enslave themselves with commodities and easy life.

Reject that and you are safe.

Bitcoin.. yes but is just one part. If people keep buying the last car and the last computer and go to Walmart.. there is no way out for them

b799e60f... 7mo ago

100% agree.

We can only save ourselves.

Robertrobert 7mo ago

Your thoughts on bitcoin loans? Yea or nay?

The Bitcoin Butcher 🥩🔪 7mo ago

I opened a business here in Italy 🇮🇹 and I was sentenced 3 years for bankruptcy they took all I had. #bitcoin and #noatr changed my life ❤️🔥🚀