“Battle Tested” #Bitcoin t-shirt
The perfect #ChristmasGift
Lightning ⚡️accepted
https://bitcoinoutlaw.com/product/battle-tested-bitcoin-t-shirt/
Started reading another book:
*The Fiat Standard* by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Ammous (author of The Bitcoin Standard)
Except from the Introduction:
“This book attempts to offer something new: an exploration of the fiat monetary system as a technology, from an engineering and functional perspective, outlining its purposes and common failure modes, and deriving the wider economic, political, and social implications of its use.”
- The Fiat Standard, pg 22
“…what makes #bitcoin useful to criminals is that it’s money that can’t be stopped… and that’s what allows women to hold and send funds under the Taliban.”
- nostr:npub1n3sjlzmhpu8rl56umtptc4lua6zkretq2p82yhytnmlcuq639vlqd0te5l
“You will never look at money the same once you realize you are working hard for fake numbers on a screen that were created out of thin air.”
- Anthony Pompliano
The Lords of Easy Money book excerpt:
“The primary dealers have special bank vaults at the Fed, called reserve accounts.* To execute quantitative easing, a trader at the New York Fed would call up one of the primary dealers, like JPMorgan Chase, and offer to buy $8 billion worth of Treasury bonds from the bank. JPMor-gan would sell the Treasury bonds to the Fed trader. Then the Fed trader would hit a few keys and tell the Morgan banker to look inside their reserve account. Voila, the Fed had instantly created $8 billion out of thin air, in the reserve account, to complete the purchase. Morgan could, in turn, use this money to buy assets in the wider marketplace. This is how the Fed creates money— it buys things from the primary dealers, and it does so by simply creating money inside their reserve accounts.”
Logo design I did for my brother's internet company back in 2003.
Back when the Internet was listed alpha-numerically.
#1 Add Submit URL 
Nice!
Music: Gioachino Rossini's Bassoon Concerto: III. Rondo
Conductor: Gianandrea Noseda
Performer: Karen Geoghegan
The Dot-com Bubble:
“By Nov 2000, most Internet stocks had declined in value by 75% from their highs, wiping out $1.755 trillion in value.”
And yet, you’re using the Internet right now.
For years, skeptics have said that #Bitcoin is a bubble. And yet, the Bitcoin network is still here - just like the Internet.
—> Useful + Scarce
“Any good that is useful and scarce will have a price (consider that air is useful but not scarce, and fish with three eyes are scarce but not useful, thus no price for either of them). Because the Bitcoin network is useful, and because only scarce bitcoin currency units are permitted on this network, the bitcoins themselves have a price. Indeed, they must have a price until the network is no longer useful, or the coins are no longer scarce.
“This is not magic. It is not a Ponzi scheme or elaborate fraud. It’s just the market pricing something that it finds useful. As the network grows in usage, its utility subsequently grows, and thus scarce bitcoins appreciate further.
“Those who grabbed coins in the early days benefit hugely, just as those prospectors grabbing nuggets of gold out of the California foot hills did in the early days of the gold rush. Gold is not a pyramid scheme merely because early acquirers profit from later subsequent adoption and demand.”
- Erik Voorhees
Defended by Proof of Work #bitcoin t-shirt
Lightning ⚡️accepted 💪
https://bitcoinoutlaw.com/product/defended-by-proof-of-work-bitcoin-t-shirt/ 
2.1 Quadrillion Satoshi #Bitcoin t-shirt
Lightning ⚡️accepted
Extra-soft tri-blend fabric
https://bitcoinoutlaw.com/product/2-1-quadrillion-satoshi-bitcoin-t-shirt/
"Inflation is deflation in wages. It means your *real* wages are going down.
"In 1933, at the height of the Great Depression, the average wage in the U.S. was $4,000. That average wage, today in the U.S., would have to be $95,000 to be inflation-adjusted. If you look around, the average wage in the U.S. today is *not* $95,000.
"It means that most people's wages have *not* kept up to the wages during the Great Depression.
– nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe
hJeff://youtu.be/AZkzTvZOvco&t=710
–> You should be able to work less each year, and get more.
"What is deflation? Quite simply: general prices coming down. That's what technology does; that's what the free market does.
"1. All things are supposed to fall in price. Energy is supposed to fall in price, housing is supposed to fall in price, because prices fall to the marginal cost of production. 2. We also have exponentially-increasing productivity through technology.
"So if you just take 1 and 2 together, what it means from first-principles is: prices should be falling exponentially. And what that means is: you should be able to work less each year, and get more."
"But we live in a credit-based system that cannot allow that deflation to happen."
– nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe
Namecheap (domain name registrar) surpasses $73M in BTC revenue with 1.1m transactions through nostr:npub155m2k8ml8sqn8w4dhh689vdv0t2twa8dgvkpnzfggxf4wfughjsq2cdcvg Integration.
The first BTCPay Server transaction on Namecheap was on May 18, 2020. Between then and October 2024, we’ve achieved:
- 1.1m transactions in total
- Over 500k users
- Over $73m in revenue
- Payments from over 200 countries worldwide
Funky as hell!
