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Life is the standard by which to judge good and evil | Objectivist
Replying to Avatar BankSith

Ode an die Freude πŸ’« #bitcoin

(Credits Marko Tarman, NiceHash)

πŸ‘‡πŸ»

Let me tell you a story about how #inflation did good for my grandfather. πŸ€

My grandfather is now 83 years old now, and he built this house literary with his bare hands back in the 1970s.

When he started building the house, he took a loan in the local currency - Dinar. There was no inflation at the time, and he thought he would be paying the loan for 20 years.

But instead, after 1971 (remember the gold standard?), #Yugoslavia experienced inflation and later hyperinflation. My grandfather was lucky because the bank gave him a fixed-interest rate contract.

After a couple of years of hyperinflation, he paid off the remaining half of the loan, which was worth just a couple of coffees at the time.

He got lucky. πŸ€

Many who had savings in a bank were not. πŸ“‰

The Yugoslavian inflation is not reported widely, but it was a huge deal back then. It lasted from 1971 to 1991 with an annualized inflation rate of 76%.

"On January 7, 1991, the federal government of Prime Minister Ante Markovic discovered that, under the control of Slobodan Milosevic, the Serbian parliament had secretly ordered the Serbian National Bank (a regional central bank) to issue $1.4 billion in credit to Milosevic’s friends."

The banking system is broken, and we still live in the same system.

#Bitcoin is the new banking system.

Dr. Saifedean Ammous #bitcoinstandard

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Many honest commercial banks got smashed from these types of loans, with no ability to raise the interest rate.

Government intervention is bad for real bankers.

Whilst the price of Bitcoin is subject to the vagaries of its market supply and demand, as well as the relative rising and subsiding market prices of all other assets, it is not itself subject to price erosion from dilution.

No inflation. 21 million. Infinitely divisible. Globally transferable. Portable. Secure.

Perfect store, medium of exchange.

Those with degrees are very often specialist advisors for Critical Thinkers to make decisions.

Critical Thinkers need common sense.

Given the low estimated fatality rate for anyone under 50 years of SARS-Cov-2 at the time, the industry as represented by the CDC lied to the world that it was necessary for everyone to take an Emergency Use Authorized vaccine.

The rest follows.

The information is there for you to review. Then you must come to your own conclusion given the evidence.

All the best and happy with whatever your determination is.

Replying to Avatar FreeTrade

So I read a little about the Van Allen belt. https://www.popsci.com/blog-network/vintage-space/apollo-rocketed-through-van-allen-belts/

I did find the claim that the belts are shaped like donuts convincing. A lot of magnetic fields are shaped like that. So it is plausible to me that the radiation is much less dense in places.

Leave it with you to investigate further.

Sometimes it has to be a collage as no one thing is highly probable, but combined is.

That said, the likeliest issue to overcome is the Van Allen belt.

NASA says they found the thinnest part and the astronauts only spent a little time going through it. However the radiation is intense and the astronauts did not seem to be affected at all.

It is discouraging as an inability to pass through the Van Allen belt means there will be no way to get to Mars except through robotics. Perhaps humans could be incubated there?

Let’s see what SpaceX can do and why not go (back) to the moon before Mars.

1. No country or the US has replicated it in over 50 years despite massive advances in computing power.

2. Many records have been lost, despite it being the most amazing feat in human history.

3. Ability for humans to go beyond the radiation of the Van Allen belts is questionable.

4. Cinematography was advanced enough to create a hoax noting the Cold War was in effect and the USSR was the first to space (motive).

5. Watch Bart Sibrel who has investigated this for many years: https://www.brighteon.com/0c8a5913-93ca-4ffa-ad64-1e467011ab58

For the time being, humans will more likely use robots for space exploration.

β€œMy government…” It is time the UK dismantled the old system, in case it tried to make a come back.