Do you ever wonder why they print money?
- To keep the economy running?
Money printing gets you high.
In a crisis, they flood the market with currency, making you feel rich.
Suddenly, you become euphoric, docile, as if the problems are solved.
You accept their control.
As the Bitcoin guru Larry Fink articulated, the foundation for savings & retirement is Hope.
To check if you have any rationale for hope -
Here are 13 Red Flags to look for in your local fiat currency:
1) Unaccountable Creation: Is the currency created out of thin air by unaccountable bureaucrats? 🚩
2) Fractional Reserve Banking: Do “Too Big to Fail” banks loan out the savings of their clients while barely keeping a fraction in reserve? 🚩
3) Inflation measurement: Is inflation measured by a government stipulated basket of goods, with no relevance to your actual life? 🚩
4) Housing Affordability: Are the generations expected to be the engine of the economy over the next several decades priced out of owning their own home? 🚩
5) Tax base mental health: Is an increasingly large proportion of the population unsure / unable to confidently state whether they are in fact male or female? 🚩
6) CBDC Risk: Is the government seeking / investigating absolute control over payments made within their borders? 🚩
7) History of unethical behavior: Has your government recently imposed lockdowns or unethical mandates?🚩
8) Frequent Banking Crises: Is the country perpetually experiencing banking crises that require new & inventive government tools to resolve? 🚩
9) Putin's Price Hike: Are foreign leaders on the other side of the planet responsible for the currency's inflation? 🚩
10) Climate Scapegoat: Is the weather to blame for rising prices?🚩
11) Unrealised Loss Powder Keg: Has local currency interest rates spiked triggering catastrophic unrealised losses in government bonds for banks & insurance companies? 🚩
12) Sovereign Debt Levels: Is your country already within a debt spiral where it can only pay off its existing debt, by adding more debt? 🚩
13) Competition: Is there a decentralized, permissionless monetary network with a fixed supply, building network effects globally, competing with your currency? 🚩🚩🚩
If any of these apply to your local fiat currency, the smartest move is likely to be dumping it in favor of Bitcoin
They started a revolutionary war over a 3% tea tax, and most people won’t buy Bitcoin until the government approves an ETF and Blackrock blesses it with a high ESG score (both of which will happen soon). We live in the most soy era imaginable.
If you manage to avoid being poor after income tax, payroll tax, goods & service tax, land tax & capital gains tax.
You're a fucking hero.
But they're still going to get you by printing the money into oblivion.
Bitcoin is the only escape hatch.
How to stack a filthy amount of Bitcoin over the next decade.
Find a company that has:
1. A lot of profit
2. Doesn't use the lightning Network
Go compete with them.
Hal Finney predicted a single bitcoin will be worth $10 million within one week of the Genesis block & you think the yearly high is in because of Bitcoin's price volatility in 2019. You're not bullish enough.
Buy bitcoin
Bitcoin's value proposition:
1) Protect your wealth from being stolen
2) Transfer your wealth without anyone's permisson
It's Freedom & Property rights.
You either love it, or you're a communist. Simple.
You don't 51% attack #Bitcoin
Bitcoin 51% attacks you
History is littered with the skeletons of thousands of fiat currencies. Every one faces the same dead end.
The modern experience is nothing out of the ordinary, except it's at a larger scale, and when the bubble bursts you can escape the splatter zone with Bitcoin
#Bitcoin only
Australian Pension System:
Pay a financial advisor so they can advise you on your superfund who will pay an in-house team to search for a consultant who's specially is finding you an asset consultant. The asset consultants speciality is finding you funds. These funds are specialised in finding managers and these managers will invest in a portfolio of stocks almost indistinguishable from their index benchmark.
People hate how easy it is to make #Bitcoin maxis happy:
Central Banks - Dead
Ethereum - Dead
Oils - Unseeded
Bitcoin Price - Moon
Custody - Self
There's no better #Bitcoin strategy
Spend less than you make and patiently save in #Bitcoin
Saving in #Bitcoin is like having a long term commited relationship with the person you love.
Shitcoin trading is like having random hookups with chicks you meet outside an STD clinic.
People get histrionic about Bitcoin because it's value is subjective. It is inherently emotional. How does Bitcoin make you feel?
The Bitcoin community is currently divided over 'inscriptions', marking the most significant split since the block size wars of years past.
This division carries weight because Bitcoin's value is fundamentally rooted in the collective agreement of its participants.
The Bitcoin token itself doesn't possess inherent tangible value - it's simply a digitized number in a ledger. Its value is derived from the social layer, the shared agreement among users that this token holds value.
Bitcoin's economic viability rests on this social consensus. The software of Bitcoin, with its mutually agreed-upon rules, automates this social contract. When the software and social layers synchronize, the network thrives.
Without this social consensus, any deviation merely leads to self-eviction from the network. Forking Bitcoin is akin to a constitutional amendment — it demands convincing a significant number of people that the new ruleset will better serve their interests. No small feat.
Convincing some people of your amendment while failing to persuade others can result in a hard-fork. While some Bitcoiners view this as an opportunity to increase their share of the "real Bitcoin" by selling the opposing fork, it's important to take a broader perspective.
A community split extends beyond the creation of a new token or blockchain. It fragments our collective power, the very power that has catapulted Bitcoin from obscurity to a globally recognized alternative to fiat currency.
It's often overlooked that Bitcoiners find common ground on the most critical issues.
We are united in our belief in a decentralized, censorship-resistant, P2P currency that operates free from the influence of central banks and governments
Many people are capable of contributing to this mission, and we're better off collectively working together than ostracizing people to leave the network.
Ultimately it's a good thing for everyone if they can 'have fun' using Bitcoin. Even if they used to play with altcoins
Yes, using the main chain comes with a high cost, and we know it's going to get more expensive following hyperbitcoinization.
This challenge is what can and will push more people onto layer twos.
Good. It's time to work on lightning ⚡️