Despite the fact that we’re a community and a society operating with a central bank issued token that is not real money and which is a form of legalized theft - most people will continue ignoring bitcoin until the financial pain is too great.
#bitcoin #Mendocino
For most people bitcoin does not compute. For most people money is the dollar and bitcoin is some kind of digital coupon. In their minds It’s still associated with scams and Ponzi schemes. The furthest most people are willing to go is using bitcoin as an investment, a way to make more dollars.
We have one children’s clothing store, Bebe Lapin, that accepts bitcoin. Other than that alas no. But not for lack of trying. I do encourage bitcoiners to always ask businesses ‘do you accept bitcoin?’ It will slowly sink in to business owners that this is a money worth accepting.
The national debt is causing ongoing inflation.
$35+ trillion
$1 trillion added every 100 days
$1 trillion in interest per year
Now BlackRock, the world’s largest asset manager, reveals it’s preparing for a Federal Reserve dollar crisis with #bitcoin.
tinyurl.com/2y4fw6ag
Most people glaze over when they hear about the national debt…
$35+ trillion
$1 trillion added every 100 days
$1 trillion in interest per year
But while these stats are beyond our everyday lives the inflation they cause us is very real.
#bitcoin
On behalf of many Californians I’d like to take this opportunity to apologize for the current appalling governance of our golden state.
California has been the epicenter of freedom and enterprise since 1850. It’s my hope normal service will be resumed as soon as possible.
This whole World Liberty Financial thing makes me nervous. If/when it blows up it may splatter #bitcoin with undeserved slime and people will once again conflate crypto grift with bitcoin.
Today the Fed cut interest rates by 0.5%, marking its first reduction since 2020. The move was largely anticipated by the market, with many analysts predicting a significant cut to address concerns about the labor market and economic growth.
I’m beginning to think that understanding the nature of money and why #bitcoin is as profound an invention as the wheel, the printing press and the internal combustion engine is just too deep for many people to comprehend.
So they don’t.
Things started going off the rails in:
2020-pandemic
2008-GFC
2003-Iraq
2001-9/11
1986-Iran Contra
1974-Nixon
1971-Gold
1968-Vietnam/RFK/MLK
1963-Dallas
Things started turning around in:
2008-#Bitcoin
We’re off to the #Mendocino County Fair and Apple Show today.
https://mendocountyfair.com/county-fair/
I signed up for an email with an address that had the word ‘bitcoin’ in it. I was immediately blocked from using the account by the provider.
I’m sure the printing press encountered similar resistance.
If you’re heading g up the coast from San Francisco to #Mendocino this weekend don’t forget to ask at every gas station, bar, restaurant, grocery store etc. if they accept #bitcoin . They’ll all say no but at least it will get them thinking.
#Mendocino
I’m off to bed with a glass of single malt and a copy of The Bitcoin Standard. Goodnight.
#Bitcoin #Mendocino
If you have a bank account and a credit card you might not pay much at to #bitcoin . But if you care about the state of the rest of the world you may want to take another look.
~ ~ ~
(From Daniel Batten @DSBatten on X)
19 benefits of Bitcoin that most people have never heard about...
Note: these are not hypothetical, or isolated benefits - but existing uses that are currently impacting an exponentially growing set of people
Humanitarian benefits
1. Getting aid to millions of war refugees wired.com/story/ukraine-…
2. Allowing refugees to take savings safely across borders and re-establish their lives (it is estimated 329,000 refugees have done this so far)
cnbc.com/2022/03/23/ukr…
3. Providing freedom from hyperinflation, or high inflation to 231 Million people
cointribune.com/en/argentina-b…
4. Having a safe store of value in autocratic nations that lack a safe banking system
fanews.co.za/article/crypto…
cnbc.com/2023/03/26/bit…
bbc.com/news/world-afr…
5. Giving women to financial equity in nations that practice State-level discrimination against women bitcoinmagazine.com/culture/bitcoi…
6. Allowing people in developing nations to receive remittance payments from family without delays and without heavy fees, or loss of purchasing power in the 8 closed countries with dual-exchange rates
thenextweb.com/news/el-salvad…
7. Providing freedom from overnight currency debasement for 14 African nations experiencing French monetary colonization
foreignpolicy.com/2021/08/03/mac…
8. Verifying, and improving, the integrity of electoral processes in semi-autocratic nations
finance.yahoo.com/news/rafael-co…
9. Providing banking to the unbanked (>2 billion unbanked in the world, mostly in autocratic nations)
cnbc.com/2023/03/26/bit…
impact.economist.com/projects/banki…
10. Removing the risk of financial reprisal for running humanitarian campaigns in autocratic nations where 5.7Billion people live
journalofdemocracy.org/online-exclusi…
Energy (ending energy poverty, creating energy security)
11. Providing energy abundance to multiple villages in Africa who were previously without power
unherd.com/2024/01/the-af…
12. Developing energy independence for nation-states, such as Bhutan, Ethiopia forbes.com/sites/iainmart…
Environmental benefits
13. Reducing more emissions from landfills than the largest DAC project in the world ever achieved renewableenergymagazine.com/biogas/compani…
14. Accelerating the renewable transition by making renewable generation more profitable
news.cornell.edu/stories/2023/1…
15. Developing a monetary system with significantly lower emissions and emissions intensity than the banking system
nasdaq.com/articles/a-com…
16. Becoming the world's most sustainably powered major industry
forkast.news/bitcoin-mining…
17. Rescuing a National Park in Africa
technologyreview.com/2023/01/13/106…
Benefits to liberal democracies
18. Having an international, borderless currency that governments cannot surveil or freeze, with fixed monetary supply that prevents
- irresponsible govt funding of forever-wars,
- passing debt burdens to future generations and
- inflationary money printing that widens wealth gaps
amazon.com/Engine-Inequal…
19. Providing a financial system that is harder to use for money laundering than fiat currency
decrypt.co/125623/crooks-…
The 4th:
“The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated…”
#Mendocino
I am endorsing the cat.
Since the gold rush California has been at the epicenter of innovation. Bitcoin is innovation.
Don’t let California fall behind.
Living out here on the frontier you have to go into town at least once a month to trade for the essentials; rice, beans, coffee, whiskey. When you get to town you’d better have something worth trading; skins, moonshine, gold nuggets, bitcoin.
#Mendocino
