https://m.primal.net/HPiQ.webp
"The consequence of fiat balances being negative is that everyone is constantly in debt. Your homeownership is contingent on you fulfilling your financial obligations for decades. Your future depends on you and many others fulfilling financial obligations in a timely manner. Your future uncertainty is higher than what it would be if you could place your wealth in a hard money, and that causes a rise in time preference. Everyone is less peaceful and more insecure."
From "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
https://m.primal.net/HPiP.webp
"The path to financial success under the fiat standard lies in acquiring hard assets. Financing these acquisitions with debt is even more profitable. Not only is inflation likely to devalue the loan for the asset more than it devalues the asset, but as the lender and borrower are partaking in fiat mining, there is enough benefit in the mining seigniorage to make the purchase cheaper for the borrower. The most profitable route, however, comes from being able to issue fiat and get others into debt. Among the most effective ways to issue debt is to build a business that pivots to providing banking services to its customers, which explains why so many businesses in so many fields offer credit products to their customers."
From the "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
https://m.primal.net/HPiM.webp
"In the fiat standard, those who choose to hold positive balances are robbed as the purchasing power of their fiat is eroded by all the debt others are creating. Those who are in debt, on the other hand, get to benefit from some of the seigniorage. Not taking on debt is reckless financial irresponsibility. Irish economist Richard Cantillon described the redistributive impact of inflation as benefiting the people who receive the newly created money first at the expense of those who receive it later. In the modern fiat standard, the beneficiaries of the Cantillon effect are the borrowers, and savers are the victims. Spending less than you earn and keeping savings on hand are simply no longer optimal financial strategies; they are expensive luxuries most cannot afford."
-From the "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
Fees need to go up so, normies don't bitch about Bitcoin security budget #bitcoin #btc
People are so used to fiat currency that they don't even think that they need to earn money twice with fiat to beat real inflation as nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak explained below in his book "The Fiat Standard".
Fiat is the one of the biggest PSYOPs we have ever seen in this century.
Opt out of this PSYOP with #Bitcoin.
#Bitcoin #BTC
There is a difference between creditworthy (fiat slave) and wealthy (fiat free).
How much credible this tweet is?
This whole DTCC thing is just pump and dump?
Not sure if someone finds out the truth behind DTCC listing.
I personally think that spot ETFs will be approved very soon
#Bitcoin #BTC
If you have to forcefully invest your money to protect its purchasing power then your money is already broken. nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak explained this really well in his book "The Fiat Standard".
#Bitcoin #NOSTR
It's impossible to get wealthy in fiat clown world without taking debt. Fiat leads you to the modern day debt slavery.
#Bitcoin is the only way out of debt slavery
"The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak explains this really well.
FinCEN’s proposal to outlaw all crypto privacy is a huge overreach. They apply a section of the Patriot Act on a “class of transactions” in a new precedent. Doesn’t matter if it’s custodial or noncustodial- merely using certain type of code can be an illegal act.
People are caught by the potential spot ETF, meanwhile this is proposed. Now they fight you.
https://www.nobsbitcoin.com/fincen-wants-to-outlaw-certain-bitcoin-on-chain-transactions/
Almost every nation state (not just US) are very obsessed with surveillance.
I hope people don't get too much excited about #Bitcoin spot ETF.
This is exactly where our focus should be.
It seems like we all Bitcoiners will have to go for a war against nation states for privacy.
Live Free or Die.
#Bitcoin and #NOSTR are the only way out.
nostr:note1lr8pqf4yyw4elusjxk2p0puf6kfd724yq4xgs4s4zyypdempaz6q9lujjp
Nation States (not just US) are very obsessed with surveillance
Everyone MUST read October 2023 Newsletter from nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a. There are lot of people in the west who still don't understand how currency manipulation works. You may want to show below 2 images. It will definitely get them thinking about fiat currency. #Bitcoin
Below is the link for October 2023 newsletter: -
If any boomer tells you that money is not everything, please read them these lines from the "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and explain them how hard money (aka #Bitcoin) solves lot of societal issues and bring low time preference in people.
#Bitcoin is the only way out of debt slavery
Whenever any politician supports #Bitcoin, you should be very skeptical about him because it's almost impossible to get elected with the principles of #Bitcoin under fiat clown world. #Bitcoin is bottom up movement.
This excerpt is from "The Fiat Standard" book by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak.
Normies started having Twitter 1.0 feeling. #Nostr and #Bitcoin are the only way out for freedom.
Not sure when they will get it.
#Nostr #Bitcoin
In case, any boomer keeps complaining about millennials not having strong bond with their families or simply not having children, don't listen to them and read them these lines from "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak. Opt out of these cultural issues with #Bitcoin #BTC
https://void.cat/d/MiVDatnHeXDTMmpnvcb1CA.webp
Some of the pictures I took during my Nova Scotia trip.
Keep studying and buying #Bitcoin and never stop travelling.
#Bitcoin and chill.
Follow me on nostr if you love photography and want to read some good excerpts from #Bitcoin related books. #BTC
https://void.cat/d/8yXE6AUJRJNjb9nAw9BMMq.webp
https://void.cat/d/pNHhWkvxdynLyNefDep8Z.webp
https://void.cat/d/EtDfv5d9eDUaWS5fiSdJ6A.webp
https://void.cat/d/F3DzsTxKbkDyLwoenR76aS.webp
https://void.cat/d/9UeJdADprVMCFoPdNqQYAZ.webp
It will take decade (if not decades) for people to completely understand this meme...!!! #Bitcoin
Sure will add this book to the list. Thanks for the recommendation
Fiat is the biggest ponzi scheme we have ever seen...!!!
Study #bitcoin and start living on #bitcoin standard to get out of modern day debt slavery #Bitcoin #BTC
nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m
I have seen a lot of people who don't like reading books so, I decided to post some really good excerpts from the book "The Fiat Standard" , "The Bitcoin Standard" and "The Principle of Economics" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak so, I can educate them on #Bitcoin and history of money
If you know someone who doesn't like reading books but at the same time doesn't mind reading some excerpts from the good #Bitcoin and history of money related books, please ask them to follow me on nostr.
Feel free to recommend more books on #Bitcoin and History of Fiat Money and help me to bring hyperbitcoinization to the world. I have "The Price of Tomorrow" by nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe
and "Thank God for Bitcoin" by nostr:npub102hlt959hwackt757fm6e27fjcl45meutv5c52333kazuqf05ghq0xdes6 and nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um next to the list. #Bitcoin