When will zaps be available on Damus?
Food for thought: how do you print trillions of dollars and avoid causing inflation. One way would be to give it to a finite number of people that likely won’t spend it into the economy right away.
The deficit myth is a screaming political tirade. Book synopsis: The free market is was wrong and the rich don’t deserve what they have. The US government should print as much as it can to take this power from the wealthy and provide these proceeds to the poor through free jobs, pensions, healthcare, and then there was something about the climate.
Every bit of value you choose to store in #bitcoin is value that can’t be stolen by tyrants.
Thank goodness for #bitcoin & #nostr
MMT proponent arguing against paying off the debt: “but then you wouldn’t be able to buy any US Treasuries, and what would the world do without a risk free interest bearing investment?”
They lack any ability to imagine a world outside of currency/economy manipulation. We wouldn’t need a risk free rate in that world, currency itself would provide a real return as the economy became more productive. Fixed unit currencies are in same ways interest bearing.
Todays currencies will never be fixed. #bitcoin fixes this.
Still reading the deficit myth: Stephanie Kelton claimed in her book, if the government stopped collecting taxes, we as consumers would overheat our economy and create terrible inflation.
Before reading this book, I had no idea how deeply people believed in the necessity of big government.
#bitcoin fixes governments, taxes, and deficits. Can’t wait for Kelton to realize she is wrong
US regulatory crack down would only further encourage Bitcoin adoption elsewhere. US Bitcoiners would more strongly consider traveling to and settling in places where Bitcoin is treated well. As other countries notice this trend, they will want to attract those same Bitcoiners as well.
Small countries and small economies are incentived first because Bitcoin is small in terms of total market cap 🧢. As Bitcoin grows medium to large economies will also start to participate. We are at the Bitcoin Event horizon. Excited to witness the following decades #bitcoin #plebchain
Followed
Listening to MMT proponents trying to encourage an arbitrary target of inflation while trying to avoid too much inflation is like watching an insane person trying to get out of a straitjacket.
Their solution is always, “If you give me all the power I can provide the solution”.
Any inflation of currency units is the wrong amount of inflation. #bitcoin
#bitcoinfixesthis
A bright meritocratic future is around the bend. It will likely happen slower then us bitcoiners believe, but it will appear sudden to everyone else.
Same is true for #nostr
Gradually than suddenly
#bitcoin #plebchain
Currently reading the Deficit Myth by Stephanie Kelton. Her problem is not that she doesn’t understand the system… it’s that she doesn’t believe it’s unethical to steal someone’s savings as long as it provides a benefit to her preferred group.
#sick #bitcoinfixesthis #plebchain
I think it was Michael Saylor who said this recently.
“
If you have 4 kids and there are 4 ships about to embark on a journey across the ocean, and 3 of those ships have holes in them. You’re not going to put one kid on each ship to diversify. You will put them all on the ship with the only chance of making it.
“
#Bitcoin is the Holeless Hull.
As the existing system begins to shrink in real terms, and the #bitcoin system grows in real terms, there will come a point when most people realize they are on a sinking ship and they will jump over the Bitcoin.
Slowly then suddenly.
#plebchain
Read it stat! That is the book that has had the largest impact on my life in the past 2 years. (Besides the Bitcoin Standard of course)
Follow back!
Aspiring Homeschooler here. Because you homeschool, you likely have read it, but definitely recommend “Read Aloud Handbook” by Jim Trelease
Best book I’ve read about educating children and focusing on what matters!
Before Nostr, social media had boarders. Twitter looked different within Boarders of certain countries. Information did not disseminate like water osmotically travels through membranes. Information was trapped within these boarders and only broke into or out when there was enough built up pressure (riots, wars, pandemics). We lived in a fractured internet.
No more. #Nostr is part of the truly global internet. It will be the forum of true global signal. Dictators and corrupt governments will not be able to hide their atrocities.
…add Bitcoin on top… reign in the future of the Sovereign Individual
The longer we wait before nixing Medicare and social security or at least significantly curtailing them, the more debt we pile up. The more debt, the more interest expense. Even if the entitlements were reduced to less of a problem the US will still have a large incentive to inflate the debt away.
Most assets will appreciate, but only because the denominator is depreciating. Bitcoin will appreciate from a falling dollar and continued adoption. #plebchain #bitcoin
Add a lightning wallet so you can be surreptitiously zapped for such a lightning post!
#plebchain #follow
All software companies should be shaking in their boots. What is happening with Twitter/Nostr is going to happen with all software companies. Free and open source is taking over.
#nostr #fos
Bitcoin is immutable history. The time chain is forever #bitcoin #plebchain
