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plebiANON
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Bitcoin pleb

Bone in one tomorrow for me. That cut looks glorious.

Got yet another letter in the mail that my personal data was leaked in a ā€œcyber attackā€. This time it was related to my former healthcare provider before I switched to nostr:npub1q7xqc79rteknhs5s4rsqju2yu8tuguvptu373napkzptsz65yn2qz590jl . It just never ends, and I know CrowdHealth is just as susceptible as anyone. Utterly insane we have to live in this world.

The Fractional Reserve Banking (FRB) Scam

1) It promises something it cannot deliver

When you deposit money in a bank, you believe your funds will be available whenever you want (it’s your money, not the bank’s).

But under fractional reserve banking, the bank lends out most of that money.

That’s a contractual contradiction:

• A deposit should be safekeeping.

• A loan means giving up the use of the money.

The bank does both at the same time with the same funds.

According to the Austrian School of economics, this is deceptive by definition.

2) Money is created ā€œout of thin airā€

Under FRB:

• You deposit $100

• The bank lends out $90

• That $90 returns to the system as a new deposit and is lent out again

Now there is more ā€œmoneyā€ circulating than real savings.

There was no additional work.

No additional production.

No additional saving.

The money supply was inflated—legal counterfeiting.

3) It creates artificial business cycles

When banks expand credit, interest rates are artificially lowered.

Entrepreneurs are misled into believing there is more real savings than actually exist.

They invest in long-term or risky projects—but the savings aren’t real.

When credit expansion stops:

Projects fail, recessions hit, unemployment rises, and crises follow.

And as we all know, there’s no such thing as ā€œmarket failureā€ here.

4) It depends on the State to avoid collapse

If everyone tried to withdraw their money at once, banks couldn’t pay—it simply isn’t there.

That’s why the system requires:

• A central bank as lender of last resort

• Bailouts and rescues

In other words, a system that cannot sustain itself and socializes losses.

This is not a free market.

It is institutionalized fraud.

Bank lends out $900, not $90.

The clientele at Whole Foods is either super based, very healthy MAHA type folks or the craziest, most deranged mask wearing, overweight, sexually confused leftist you’ve ever seen.

Bitcoiners are about to learn the harsh reality of the free market. Myself included. People will pay for things they like and want.

Has sucked forever. Not sure anyone is maintaining it. I couldn’t even sign in to Nostr Nests with it back in the day.

Year built and number of people living there, I am sure, make a ton of sense.

Why was the top double spaced and the bottom single spaced? These are the real questions we need answers to.

Ingrown hairs are quietly one of the most insufferable things out there.

šŸ˜‚šŸ¤£. Still no real demand yet either. The whole market is degens trading blows on ā€œCrYpTo basketsā€.

That’s exactly what’s gonna happen. It’s taken a year to shake out the Trump hype tards and the 4 year cycle manifestoooors. Diamond hands will be all that’s left soon.

Replying to Avatar Contra

The Pattern Never Changes…

JFK. 9/11. Trump’s shooting. Charlie Kirk’s assassination. The same script plays out every time: initial confusion, conflicting narratives, institutional investigations that raise more questions than answers, and decades of unresolved mysteries.

We’ll never get real answers because the system isn’t designed to provide them. It’s designed to manage narratives and protect power structures. The Charlie Kirk case will follow the exact same trajectory. Official story, holes in the narrative, citizen investigators finding inconsistencies, and eventual memory holing.

This isn’t incompetence. It’s the inevitable result of centralized information control meeting institutional self preservation.

The brutal reality: Every major event becomes a ā€œmysteryā€ because institutions have zero incentive to provide clarity that might implicate themselves or their networks. Gatekeepers get captured, algorithms get gamed, authorities get bought. The system isn’t broken, it’s working exactly as designed.

Institutions failed because centralization always fails. The solution isn’t better institutions, it’s no institutions.

What works: Cryptography. Economic incentives. Distributed verification. Permissionless innovation.

What doesn’t: Asking nicely. Voting harder. Constitutional amendments. Official investigations.

Citizens doing frame by frame analysis of grainy footage aren’t conspiracy theorists, they’re applying cryptographic thinking to media forensics because it’s more epistemologically sound than trusting captured institutions.

Stop trying to fix the machine. Build a better one. Make verification so cheap that lies become economically impossible.

The future is peer to peer. Everything else is legacy infrastructure waiting to be routed around.

Amen

Huge part of the frustration. The ones who should know best appear to completely miss the point. You don’t sell that kind of coin to buy a house or pay for college. It is strictly a, ā€œtake the gains and try to do better somewhere elseā€ play.

VSG and a small vineyard from South Africa wine.