Here's a reason for US-based workers to study #Bitcoin:
See all that $$ being taken from your wages for "your" government-managed Social Security retirement benefits?
Well, "In the Congressional Budget Office’s projections, spending for Social Security increases relative to GDP over the next 75 years, and the gap between outlays and revenues widens. If combined, the program’s trust funds would be exhausted in fiscal year 2033."
😖
Many Christians aspire to show appreciation for the Lord by not taking a neighbor's money or possessions, or getting them in any dishonest way; instead, they want to help their neighbor improve and protect their possessions and income.
Satoshi’s Bitcoin is a valuable tool toward this aspiration.
As nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc points out in his delightful 2022 presentation at the Baltic Honeybadger Conference:
"Bitcoin is money that a person cannot..
inflate
confiscate
counterfeit"
"A bank run happens when too many people try to withdraw their money from the bank at the same time. If banks don't have enough money available to match withdrawals, they can collapse entirely when a bank run happens.
[...]
Some banks have tried to be "safe banks" which don't lend out or invest depositor funds. However, their applications have been denied by the Federal Reserve, which means they can't legally operate as banks.
#Bitcoin #plebchain
I understand your point. Thanks nostr:npub1z4m7gkva6yxgvdyclc7zp0vz4ta0s2d9jh8g83w03tp5vdf3kzdsxana6p
I’m not so sure I agree. In the article, Block had directly asked readers to respond with feedback.
“Do you think we are making the right choice? Why or why not?” 
Bitcoin = “Be your own bank.”
Bitcoin = “Remove counterparty risk.”
——
These two values are marginalized or surrendered by saying “people need banks” and “trust someone else’s server”.
A person is free, of course, to move *away* from Bitcoin’s unique capabilites.
Just disappointed that the company enabling the move might be Block.
The #Bitcoin Podcast Episode 1 is now LIVE.
I started off with a news roundup — it only takes 10 minutes of your scarce time.
I also ended up accidentally talking about #nostr and nostr:npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955 vs Apple for 5 out of the 10 minutes…
Available wherever you get your podcasts:
Thanks nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u ; looking forward to the content
“This product is not available for VPN users.”
- Bitrefill.com, when a VPN-using customer attempts to buy a Walmart gift card using BTC
(Just below, the website has the claim “Instant, Private, Safe”)
“If technology should be driving everything cheaper, why is life getting more expensive?”
——
An astute and impactful question that is both raised and addressed by #[0] his book, “The Price of Tomorrow.”
I’m re-reading this book, and recommend it. It’s an easy read, 200 pages, paperback.
#Bitcoin gives me "esperance"...
______
Word of the Day: "esperance"
https://www.dictionary.com/e/word-of-the-day/esperance-2023-06-23/
“For example, a $50k salary needs to increase to $70,128 to keep its purchasing power vs 7% inflation over 5 years.
#Bitcoin is the anti-CBDC
#Bitcoin feels special to me
It is just a protocol… but somehow it carries integrity (almost a virtuous or ethical aura to it) in addition to its utility.
I admire it the way I would admire good design, a well-built product, or striking art.
It’s the opposite of cheaply-built; it’s free of any scammy feel.
I like that it has no sales team and no advertising. No one is pushing it on me in a manipulative or persuasive ad; no seller / sponsor is trying to use it to get something from me or out of me.
Its nature and origin are materially different from the ilk of Vitalik and FTX and the long lists of scam tokens on Coinbase.
“Above all else, guard your heart, for everything you do flows from it.”
- Solomon
#Bitcoin is digital, decentralized, scarce money.
It’s digital - great for a time in which we move around a world with our smartphones and laptops.
It’s decentralized - great for a time when in which we see banks 🏦 unable or unwilling to return deposits.
Its scarce- great for a time when governments make up money, and every time they make more, the value of yours drops. (Can’t do that to your Bitcoin!)
Study Bitcoin.
Great sound money education resource to share:
https://lookingglasseducation.com/
______
Great work by Foss, Daz, Seb
nostr:npub1zrysysh8wq9zs3u5xzac9vf69we3wxrdj8rehns3japxdftqcqvsst8vpd
nostr:npub1jqckepsld3xn98aeq7yg72g0yrqkz92vegkv6k3prfhkzu356v5qa6akee
nostr:npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna
Learn about what's being built in Florida's Bitcoin Bay...
Strong signal consistently coming out of Florida's Bitcoin Bay on Twitter
npub18ahjtwykuzy7la6c773que0dz6sc5t866e6sw5zg9jh985vga6dsju0u8c
Look forward to that content flowing through Nostr as well
⚡
Morning me is much more positive than evening me.
I would be wise to remember that when posting to Nostr.
Stay humble. Stack sats 😋
#bitcoin
"When the State Turns Against Its Citizens"
[ If they did it once, they'll do it again ]
________
In 1933, an American President used his governmental authority against the American citizenry.
President Franklin Delano Roosevelt forced American citizens to relinquish their gold, under penalty under penalty of a $10,000 fine, or ten years' imprisonment, or both.
The gold had belonged to the citizens.
The government wanted it.
So they changed the laws and took it, giving paper coupons in return.
Executive Order 6102 was implemented so the U.S. government could devalue the dollar more aggressively to stimulate the economy during the Great Depression. (So long as citizens had the opportunity to preserve their wealth in gold, such economic stimulus would result in obvious, high inflation.)
The executive order compensated owners $20.67 for each troy ounce of gold.
Shortly after issuing Executive Order. 6102, President Roosevelt raised the price of gold from $20.67 to $35 per ounce, devaluing the paper dollar coupons by 58% in one day.
____
Here's what the Fed thought of Bitcoin in 2018:
"There are some problems involved with implementing unforgeable costliness on a computer. If such problems can be overcome, we can achieve bit gold.
"This would be the first online currency based on highly distributed trust and unforgeable costliness rather than trust in a single entity and traditional accounting controls.
"Hal Finney has implemented a variant of bit gold based on a tamper-evident computer plug-in card, for which remote users can verify what code is running on the card."
- Nick Szabo, August 2008.
#Bitcoin in cold storage: unforgeable costliness
#Bitcoin in cold storage: savings for a better future.
#Bitcoin in cold storage: easy to transport.