My latest bank statement. Proof of fiat reserves.
I met a bitcoin spammer at dinner in the Venetian this evening. It’s interesting to talk with someone who only sees bitcoin as a vehicle for fun, swapping tokens like baseball cards - no sense of hard money improving the world. It’s like watching fine cuisine on bone china being fed to hogs. But a one-on-one in-person conversation brings home the fact that there are a variety of world views out there.
“Bitcoin is going to a billion million trillion thousands of dollars.”
Driving (and driving and driving and driving…) to Las Vegas.
No one told me how VAST the American west is!
I do wish high-profile individuals would not create digital tokens that they sell to wealthy individuals for personal profit and access to seats of power.
It really muddies the waters for bitcoin.
Ludwig von Mises’ Economic Policy: Thoughts for Today and Tomorrow , based on his 1959 lectures, outlines six key lessons on economics. First, capitalism, driven by consumer demand, fosters innovation and progress, unlike socialism, which stifles it through central planning. Second, socialism fails because it lacks price mechanisms to allocate resources efficiently, leading to waste and stagnation. Third, interventionism-government meddling in markets-creates distortions, like price controls causing shortages. Fourth, inflation, often government-induced, erodes money’s value and harms savers. Fifth, investments must align with consumer needs, not just government or business whims, to avoid malinvestment. Sixth, individualism underpins economic freedom, as collective systems suppress personal initiative. These lessons emphasize markets, prices, and individual choice as drivers of prosperity.
Correct me if I’m wrong but I believe both PizzaKnots and PizzaCore are identical but PizzaKnots discourages pineapple on everyone’s pizza.
It’s like waking up from the Matrix when you discover that for the last 50+ years you’ve been duped into using fiat currency, a Monopoly money designed to keep you poor and the 1% rich.
This is the problem bitcoin solves.
Is this the plant you had in that pic as you left prison?
Bitcoin Mendocino
80% of Americans support diversifying some of our nation's gold holdings into bitcoin.
Per newly-released data from
thenakamotoproject.org
On May 16, Moody's joined the other ratings agencies downgrading U.S. Treasuries to Aa1.
Fitch, S&P and now Moody's all cite $36T (and counting) in debt and rising interest expense as the reason.
Today on a road trip I stopped and bought a coffee and a pastry. It was $1 for the extra shot of coffee. With another $1 for a tip the total was $8. I would have been shocked at the price only I wasn’t. Inflation isn’t prices going up, it’s the value of the $ going down.
Study bitcoin.
Bitcoin Mendocino
I’ve tried. They don’t want to hear it.
I do. I’ve met friends, joined meetups, use the Lightning wallet and always have it at conferences to keep up with who’s there and what’s going on. And you pay to use it which keeps out the ‘spammers.’