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Kane McGukin
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#Bitcoin + Monetary Innovation. My opinions are my own and not financial advice. Navigating Bitcoin’s Noise 🎙️http://apple.co/3wFbiiq

So they buy up a large swath of the 21mm or 18-19mm that’s actually available due to lost supply.

Then they create reason to fork within the community. After the fork, they lock a vast quantity of true bitcoin away forever. Effectively burning it.

Great write up Mike.

When you politicize everything you destroy faith and gain nothing of value while exposing the truths of how we got here.

I’m slowly reading The Party. It’s abundantly clear that whether you believe in Communism or Democracy.

Whether you lean left or right, whether your a capitalist or socialist. They’re all stealing the “best” from each other. Each group takes from their opponents what works in one dogmatic approach and embeds it in the their cultist system and then seeks to take on the world as a stronger group with a “better” approach.

We are thousands of years in and still facing the problem without eradicating the central problem rooted in us all… human greed.

This character flaw creates a spectrum we all lie on in the pursuit of money. Until we right this flaw history will repeat as it always has with one group trying to destroy the other for personal gain.

Is there a way to embed multiple pictures inline on Damus or do you have to just make a thread?

#bitcoin  fixes this, offering people and smaller nations (The Global South) the ability to opt out if desired. The ability to setup their own “Bretton Woods”, to create terms that are more serving, etc.

Another case of history repeating itself…

Bush pushed DHS forward which was further expanded/abused by Obama, whichever you prefer.

However, historical context sheds 💡on the truth.

Decades, centuries, and people are different, though mankind generally behaves the same.

Is this a Trojan? I didn’t realize #btc was in need of a cloud to operate better 🤣🤣

Replying to Avatar Wealth Theory

So good. I worked there early in my career.

I absolutely true, and we saved every paper clip and rubber band from mail sent to Bear because it saved millions on office products often thrown away.

Ace was smart!

The biggest takeaway from the 2023 Bitcoin Conf / #[6]​ was the energy, interest, and capital looking to back infrastructure that will power financial liquidity for future generations.

A quick history of how liquidity crises led us to #Bitcoin.

Money has moved over networks for centuries.

Originally, gold moved by land and water through a network of ports and shipping lanes, until lack of speed and liquidity issues forced change.

Paper notes & treasuries replaced gold for faster value transfer until liquidity & foreign exchange problems arose again in the 1960s & 70s.

So, Central Banks created a digital network, SWIFT, to increase money velocity & solve liquidity distress.

With central and commercial banks online and individuals having access to PCs, email, and web browsers the barrier to information finally broke.

This launching of the internet sparked a wave of innovation and liquidity that led to the globalization of businesses and people.

#Bitcoin's creation resolves the liquidity issues that resurfaced in 2008 and are ongoing today.

This monetary protocol ties together our past networks, while adding security, and allowing information and value to flow freely throughout the 🌎.

Money is not wealth. It isn't for hoarding. It's for multiplying.

Money guided by principles and diversified talent is what builds wealth that lasts for generations.

Whether routed through ports, servers, or nodes connectivity & access are what have made money valuable.

Liquidity crises are a sign that our money and the way we use it need complete reformation.

We need to ask the right questions for understanding how to get back on rails that lead to real wealth vs. values that inflate our bank accounts.

Education and family are the only way out of oppression. #Bitcoin

#[2]​ #[3]​ #[4]

Bc productivity has long been in decline + less real capital used and more malinvestment, they'll never figure out what "normal rates" should be w/o:

A) Taking a haircut & re-introducing a #Gold standard

B) Introducing new sound money; #Bitcoin

HT to Jeff Snider for mentioning Knut Wicksell's 1906, The Influence of the Rate of Interest on Prices.

We face this problem today. Bc central bankers have no idea where "normal rates" should be, our core prices never fall (energy/food).

https://www.econlib.org/library/Essays/wcksInt.html

Feels like Thomas Tooke may have been Satoshi.

“No remedy can be applied until all the defects in the system of our currency be exposed.” - Thomas Tooke

A #Bitcoin  ‘ers take in 1822

We seem to be headed towards a society of enablers. At least as it stands today.

The reverse-Cramer is what makes these headlines so hard.

The fallacy behind the central banker’s game of rate manipulation.

A world driven by technology has proven what Milton Friedman knew and tried to warn of.

https://open.substack.com/pub/kanemcgukin/p/why-milton-friedman-was-right-and?utm_source=direct&r=99ex&utm_campaign=post&utm_medium=web