The world is getting ready to start calling bullshit on a lot of government and wall street narratives.
Enter Bitcoin.
Math, the global reserve asset that describes truth.
Which is why they are the official theme song of the 4th halving 😂
Well done 😂
GM, PV nostr ☕
Remember to stay humble during this bull market. A lot of people we haved talked to about Bitcoin will be looking at us to see if we were just trying to pump our bags or if we will only ever just wanted to have our fiat number go up.
Don't give in to the fiat mindset. Celebrate, treat yourself and your loved ones, but stay humble enough. We are still insanely early, we have a long way to go.
Enjoy the fact that we are here today and can actually appreciate what we are witnessing 🙏🧡🎉
Yea I know, it's semantics. The real reason that inflation of the Bitcoin supply isn't the same as inflation of fiat or even gold is that 1) as you pointed out, there is a terminal supply that we can all agree will never change and 2) Bitcoin is voluntarily adopted, meaning that unlike fiat money printing, we all agree that the miners should be subsidized at an exponentially decreasing rate.
Bitcoin is perhaps the only example where taxation via inflation is not a form of theft. The difference, as a libertarian would put it, is consent. There is complete consensus among all users of Bitcoin that its inflation rate schedule is important to fairly distribute the total supply, protect the network, and incentivize miners to process transactions until transaction fees alone can support this function.
The block "subsidy" is literally a subsidy... As in new Bitcoin is printed and the existing holder's Bitcoin are debased. So in this way the coinbase is a form of taxation (taxation via inflation) paid by all existing holders.
Miners compete using high performance computers to process the next batch of Bitcoin transactions; they are paid for their service by users (tx fees) and by holders (block subsidy).
GM, PV
Make Pura Vida 💜 part of your nostr salutations again 🤙
Have a great day!
GM nostr
Had a great time at the Rhode Island meetup last night! Thank you to nostr:npub1andrewygazdj6k05g3u6nu6vaerhlxhctep0nml94ffh9qqntw9strrxaw for hosting a 🔥 meetup 🍻
GM nostr.
If governments cannot forcibly extract wealth from their citizens the incentive to control a larger population will be diminished.
If the world is on a Bitcoin standard and a war were to cause large scale destruction, the capital that would need to be deployed to rebuild would reduce the amount of Bitcoin being hodled and would reduce the purchasing power of the aggressor.
If governments cannot print money and cannot force their citizens to pay taxes, they will be forced to either provide valuable services to the population or they will not survive.
Bitcoin will casue a massive amount of global peace.
Have a great day!
Printing money causes inflation, explained by Scrooge McDuck in 1967, four years before Nixon ended the gold standard & kicked off 50+ years of printing money out of thin air.
Back then they explained the dangers of money printing to kids, now they hide it from everyone… https://v.nostr.build/ky2V.mp4