Denominated in bits tho
I love how no one here obsesses about the exchange rate of $ / BTC. I used to go on twitter just because of price movements. There’s much more important things to care about
Don’t forgot-
Inflation is always and everywhere a monetary phenomenon
-Milton Friedman
Can someone explain to me what #olas is?
Happy birthday to the genesis block
Learning about Cashu twice on nostr:npub10atn74wcwh8gahzj3m0cy22fl54tn7wxtkg55spz2e3mpf5hhcrs4602w3 with nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg How I selected a mint:
Social media sites active ✅
People I follow follow them ✅
Units: SATS✅
Reviews on bitcoinmint.com✅
nostr reputation✅
There’s always some level of trust here, but I’m excited for the trade-off with user utility. How’d I do?
Best Cashu mint to connect to?
Barron’s, what a headline after a 2100 BTC purchase 😂
https://www.barrons.com/articles/microstrategy-stock-bitcoin-buying-d2e752f9
‘PAY NO MORE’ note aged poorly.
Clipping from a 1950 football stadium.
Concessions:
Drinks 10¢
Peanuts 10¢
Cigarettes 30¢
Program 25¢
What happened?
Watch for signs of the Big Debt Cycle materializing
🔒 Debt Spiral: When governments accumulate excessive debt, it becomes a burden on future generations
🚧 Unsustainable Path: Borrowing beyond means hinders investment in critical areas like education, infrastructure, and healthcare
📉 Economic Instability: Overburdened gov'ts face increased vulnerability to economic shocks, hampering their ability to recover and thrive during challenging times
💡 Fiscal Responsibility: It's crucial for gov'ts to balance borrowing with prudent financial management, ensuring sustainable growth and safeguarding the well-being of their citizens
Ever wonder if the US banking system is truly "sound"? Here's a thought, maybe its time to consider a full-reserve banking system to ensure stability and prevent risky lending. It's a shame that US regulators are saving failed banks and squashing full-reserve alternatives
When people see that rising prices unavoidable, they tend to spend their money now before further increases. They may splurge on luxury items disproportionately, and this change in consumption pattern influences producers and fuels sticky inflation
"Value does not exist in things, but in the minds of the individuals who value them." 💡
Value is subjective. An object or service does not possess inherent value, instead, its value is determined by individuals and their subjective preferences and perceptions
just setting up my nostr