Peter Schiff today: I'm finally coming around. #Bitcoin fixes Social Security. I've got the plan:

The Social Security Trust Fund now owns about $2.7 trillion in Treasuries. It should sell all of those Treasuries and buy Bitcoin. This buying will surely send Bitcoin to the moon, especially since a new QE program will be required to buy all the Treasuries sold by the trust fund.

Assuming the Social Security Trust Fund manages to buy 25% of all Bitcoin, and that by the time it buys its last satoshi, Bitcoin is at $20 million, the Social Security Trust Fund will be worth over $100 trillion. The unfunded liability of Social Security is now estimated at just $23 trillion over the next 75 years. The Trust Fund will have such a large surplus that there will be no more talk of tax increases or raising the retirement age. Everyone wins. The Trust Fund could then use all the Social Security payroll taxes it collects to buy more Bitcoin, supporting the price of Bitcoin and maintaining the value of its only asset.

There’s just one small wrinkle. With all Social Security tax revenue being used to buy Bitcoin, how will the government pay its benefits? It's not like the Trust Fund could sell Bitcoin to cover those payments, as it would crash the market. So, like all true Bitcoiners, it must HODL.

Fortunately, there is a workable solution. The government declares Bitcoin a reserve asset, then deposits its Bitcoin as collateral at the Federal Reserve, which provides the cash needed to pay Social Security benefits. This arrangement is better for the government than the Fed holding Treasuries, as it doesn’t have to pay interest on Bitcoin, nor is there principal to repay. The Fed can simply HODL Bitcoin on its balance sheet indefinitely—the ultimate diamond hands.

After Bitcoin fixes Social Security, the government can move on to fixing everything else with Bitcoin. It's too bad it took Satoshi so long to come up with this cure-all.

My friend has very little experience with photo shoots; it's not something he does regularly. So I guided him with the poses. We took a lot of photos and in the end, I let him choose his favorites.

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Day 7 Crowdfunding for a backup camera

#photostr #photography #artstr #plebchain

Ive used it many times to top up, works well! 💜

😂 I suppose we do.

I haven’t used it. Someone shared it with me when I was asking the same question as you.

they do accept lightningv and its also cheaper pay using lightning

They’re not even on Nostr. This is a Fediverse account.

On #macOS Sequoia 15.2 my Mail app tells me there are 4 unread messages. But, there aren’t.

Any idea how to fix this?

Noam, the woman who kiled her dog because it wasn’t a good hunting dog, is now head of homeland security in the Trump administration 😬

AU/BTC is still 36 oz

Satoshi Nakamoto should win the Peace Prize. Bitcoin is the first revolution in human history to overthrow a huge and bloated fiat currency system without war. This is a victory for the pleb.

#Bitcoin

Caribou skeleton found in Greenland

📸: Jens Bjerge

Hello world. I’m new here, trying to figure out this value for value concept. Could someone zap me a couple sats so I can see how this works?

I’m hoping to eventually add my own relay and lighting node using start9 server.. but not there yet. I’m experimenting with the Damus default wallet set up.

#checkmyaddy

#introductions

Posters...

That feeling when Bitcoin hits $132k in Oz 🎉🥂💜

#bitcoin

When bitcoin hits $88,000 I will zap a few people who leave a comment under this post

(Only a few though

Sats are fucking valuable)

The comment can be about anything

But the best comments will win

This is subjective, not random