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Carl B Menger
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Bitcoin Chief Hodler Subscribe: https://carlbmenger.substack.com/

BREAKING: Americans Are Still Really Worried About #Inflation.

Once confidence in the currency is lost, the attributed ‘value’ is also lost. Prepare accordingly.

https://reason.com/2024/05/03/americans-are-still-really-worried-about-inflation/

Predictions by economists that failed spectacularly:

Telephones:

In 1876 Western Union, the largest American telegraph company, refused to buy Graham Bell's patent for one hundred thousand dollars, arguing that people are not savy enough to handle a phone: "Bell expects that the public will use his instrument without the aid of trained operators. Any telegraph engineer will at once see the fallacy of this plan. The public simply cannot be trusted to handle technical communications equipment. A group of British experts thought somewhat differently: The telephone may be appropriate for our American cousins, but not here, because we have an adequate supply of messenger boys."

Lightbulbs:

A few years later, a committee of the British Parliament evaluated Thomas Edison's lightbulb and concluded that it would be "good enough for our trans-Atlantic friends … but unworthy of the attention of practical or scientific men."

Trains:

Rail travel at high speed is not possible because passengers, unable to breathe, would die of asphyxia [suffocation]." Dr. Dionysius Lardner (1793-1859), professor at University College London, and author of a book on the steam engine, was one of several doctors who prophesized that the rapid movement of trains would cause death or brain trouble among travelers and vertigo among onlookers.

Cars:

Car pioneer Gottieb Daimler (1834-1900) believed that there would never be more than one million cars worldwide because of the lack of available drivers. Daimler based this prediction on the false assumption that cars would have to be operated by chauffeurs.

Computers:

Howard Aiken, who constructed the Mark I computer for IBM in 1943, reminisced: "Originally one thought that if there were a half dozen large computers in this country, hidden away in research laborato-ries, this would take care of all requirements we had throughout the country. This prediction was based on the false assumption that computers would solve scientific problems on.

How many ‘experts’ called #Bitcoin  a scam and called it dead?

BREAKING: Hard landing is coming, and FED rate cuts won’t be enough.

BBrrrrrrrrrrrrrrrrrrrr

https://fortune.com/2024/05/05/economic-outlook-hard-landing-recession-fed-rate-cuts-forecast-citi/

The biggest risk is a zero allocation of #Bitcoin. Phew

Of course #Bitcoin  starts pumping before my weekly DCA hits. Son of a b*

And it was also produced on its own, without using a ton of energy? What with the tanks, F jets, guns, ammunition?

The debt based fiat system summarised:

#Bitcoin is freedom

How can people claim that #Bitcoin  uses too much energy with a straight face, while supporting a system that mobilises armies to fight wars around the world to back and prop up its value?

May the 4th be with you. #Bitcoin

A minute of silence for all the people who shit farted their pants and sold #Bitcoin  at $57k.

Never let emotions dictate your future. Get some diapers, be humble and learn your lesson. Oh, and HFSP.

#Bitcoin is not a scam, just because you are an idiot and sold at $450.

The leading fiat economist, Jared Bernstein, chairman of the Council of Economic Advisers, can't even explain why governments borrow money in the currency they print out of thin air.

#Bitcoin  fixes this. https://video.nostr.build/071111b20b898dab3d201bf612babcfb11b300e8864802d5e876912a41308edd.mp4

Despite the volatility, accumulating and holding #Gold in Weimar Germany was a lifeboat for many. Same for stacking and hodling #Bitcoin in the 21st century. Fasten your seatbelt.

Mainstream logic. #Bitcoin

Where is the difference?

The #Bitcoin keyboard with integrated #Bitcoin full node. Now available.