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milkpaste
7faebaee218955c4dfbeb9e6a9974de433ea9fa4d38b57b46890331a08b1185a
Sydney / DJ / Accountant

Moved over to only Nostr for my social media outlet in 2024 🫔#freedomtech

#nostronly

#byemeta

Favourite Substacks to follow?

#asknostr

#substack

Imagine a world where individuals can reliably save for the future, confident that their money will appreciate at a steady rate of 2-3% per annum. In such a scenario, one would naturally question the necessity of every purchase and only indulge in what is truly essential.

The unfortunate reality is that our monetary system has been in disarray ever since we abandoned the gold standard. Throughout the 20th century, this departure has played a significant role in the emergence of various asset bubbles. In the past, gold served as a reliable store of value, and other asset classes were valued based on their utility, as well as subjective speculation by individuals.

However, once gold was detached from the monetary system, savings mechanisms shifted towards equities, then bonds, and eventually real estate. Over the past three decades, housing prices have skyrocketed due to malinvestments and the formation of asset bubbles, all stemming from the absence of a reliable monetary standard to save for the future.

Just like all other bubbles, this current housing bubble is destined to burst. Fortunately, we now have the opportunity to rely on the orange coin, a dependable vehicle for savings.

Adopting a low time preference, where individuals prioritize long-term benefits over immediate gratification, is a powerful catalyst for human flourishing.

#bitcoin

#thefiatstandard

#brokenmoney

#bitcoinstandard

#21million

100% see my above comment

Yes agree, its another manipulated asset class like gold or equities. Governments restrict supply though zoning, regulations and red tape nonsense. There is a shit ton of land and no reason for houses to be 10-13x average annual salary (talking Sydney, Australia here). It's a basic fkn human need (shelter) and should only be valued for it's utility and not as a saving mechanism. First it was gold > bonds > stocks and now real estate. The fiat standard has been creating ongoing malinvestments and bubbles in most asset classes since we left the gold standard.

Instagram is the last one for me then Nostr only for 2024.

Reflecting on 10 years of progression towards a hyper digital life and it's amazing at how much is now online, traceable, censorship prone and not private.

In 2013;

- 80% of my transactions were in cash now 99% are digital

- No clouds everything was backed up locally with an external drive for safe measures

- All photos on my phone saved to the device and no iCloud

- Offline Mp3 players instead of Spotify

- Paper and pen instead of notes apps

- DVD's or Utorrent instead of streaming services

- Analogue watch instead of a smart watch

It's ironic because all of these come with huge privacy compromises at such a small convenience, 2024 I'm going to be more analogue. Just a small reflection for the end of 2023.

#analogue

#digitalprivacy

#data

#privacy

Replying to Avatar Charlie Crown

My nostr:npub1aghreq2dpz3h3799hrawev5gf5zc2kt4ch9ykhp9utt0jd3gdu2qtlmhct Home just arrived and I immediately started syncing my node.

This is my family’s node 🧔

What else should I do?

Tor snowflake

Does anyone know of private fiat payments for Australians?

The US, Canada and UK have virtual cards, why doesn’t Australia?

Buying prepaid gift cards from the Post Office with cash is the closest option, but comes with the hassle of $3 fee for the card and losing any unspent money on the card.

#asknostr

#australia

#privacy

#payments

Short fiat and long hard assets (bitcoin, art, real estate). It’s the common playbook of the wealthy since we left the gold standard.

As nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak said that the fiat standard is the only system where negative cash balances makes sense, those with access to credit benefit by shorting the dollar and going long on hard assets.

#bitcoin

#fiat

#fiatstandard

Stumbled on that sub the other day and wow what a bunch of socialist, state sucking fiat sheep. Truly amazed at the big brains in that sub.

Every small donation helps!

Defend your digital rights! Every supporter helps EFF fight censorship, defend encryption, and stand against surveillance. And we'll help unlock bonus grants before 2024. https://eff.org/yec

#eff

2024 will be the inflection point. Unemployment is slowly ticking up, consumer debts levels at decade highs, interest rate rises haven’t seen there full effect.

People are struggling to pay their rent/mortgage and put food on the table.

This is what happens when the government prints 30%+ of the money supply in a few years.

Mandibles is becoming a reality.

#mandibles

#fiatstandard

#fiat

#inflation nostr:note1acqag0zfg3qcessx468jseck0kg2pp7zpcethpnt4jhthtl4avuslwkvxf