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Lau
5a9c48c8f4782351135dd89c5d8930feb59cb70652ffd37d9167bf922f2d1069
#bitcoin #nostr

GM weirdos, grateful to be here with you. πŸ’œ

Those who claim they are fighting disinformation should be fighting conjecture, but they are not fighting conjecture, they are causing it. Because they take ideology for fact, and by that are fighting freedom of speech regardless of what is true or not.

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Moshi moshi πŸ“žπŸ’œ

Inflation targets and inflation indexing aside, it is pointless to discuss.

As long as ANY inflation persists: The system fundamentally doesn't have the currency to meet its debt obligations, the system needs to lend currency into existence to pay for servicing the debt.

That is a vicious circle at an exponential rate, a pyramid scheme. The outcome is predictable from the very outset with certainty; rampant inflation and complete debasement as a result.

A system that has inflation is a non-zero-sum game, it has an external upkeep. In the end, everybody loses.

#Bitcoin fixes this

GM

This cycle is different. Intelligence is taking over from luck. Absolute scarcity squeeze is on the horizon.

I love this article. It is complete enough for any smart person to spend their first 30min on. If this doesn't arouse curiosity then any further energy spend on that person is wasted.

https://medium.com/@alessandro.ottaviani84/understanding-bitcoin-in-2023-4b3250916987