GOOD MORNING NOSTR, STAY HUMBLE AND STACK SATS 🫡

Money = Who Owns What

Credit = Who Owes What To Whom

They are similar, but not the same. One requires identity, the other doesn't. One requires trust, the other doesn't. Both arise naturally. Both are important. Only one of them can be sound. Only one of them extinguishes the other.

In 1971 we have killed money proper, and we've acted like they are the same ever since.

Savings.

Think about that word. Savings rescues people from a plight or a pickle. It's preparation for the unknown. It's a way to account for the bad things that may happen.

Savings is also a way to prepare for something you *do* want. It's capital accumulation and funding for your goals.

Too many people don't know the power of savings. But really, it's about having a purpose, a dream. A goal has no power if you're not working toward it. And savings is a measure of how close you are to that goal.

The depressing thing about fiat money is that it inflates, debasing your savings, moving you further away from your goals. A third party called the central bank has the ability to steal from your dreams and purpose. And what is life without some purpose? It's a zombie existence where the goal is to stay alive, at whatever cost. In a very real sense, fiat money debases your life.

So we invest, trying to clear that ever-present monetary expansion/hurdle rate that will offset the theft from inflation. But that's a job onto itself. Managing money is a cesspool of rent-seeking and unless you do it yourself, a lot of the value you accumulate leaks to the Cantillionaires.

Bitcoin is freedom from this system. But more importantly, Bitcoin gives you back your savings, gives you back your goals, dreams and purpose because it doesn't leak.

Save and build your character so that when you have enough to pursue your dreams, you have the courage to jump.