Bangkok #foodstr 😋 #siamstr

The really sad thing about constant currency devaluation throughout the world is that it benefits those who have the most access to cheap credit at the expense of those who do not.

People on the lower end of the income spectrum in Egypt are generally dealing with cash. Their wages and savings get debased, and they own fewer hard assets, so they have fewer offsets. Their ability to buy imported goods diminishes, their ability to travel outside of Egypt diminishes, and their costs in general rise.

People on the higher end of the income spectrum in Egypt have access to foreign bank accounts and/or have multi-year domestic property loans, which are basically currency shorts. They mitigate the impact from the ongoing devaluation, or in some cases benefit by it.

As a tangible example, last year I took out a 7-year loan or currency short against the Egyptian pound, and used it to buy a villa that houses a 9-person extended family (7 when my husband and I are not there). The money supply goes up by 20% per year but my interest rate is 3%, which is an ultra-cheap long-term currency short. Within the first six months of the term, the Egyptian pound was already cut in half relative to the dollar. Who knows what the exchange rate will be over the next 6.5 years.

The past four decades of global Fiat World have been like a game of Blackjack. In Blackjack, you try to get to 21 without going over. In Fiat World, you get into a position so that you can take out low interest debt and buy scarcer assets with it, and you do that as much as you can but without going bust in a downturn. The major governments can do that the most. The big banks are next. The big funds and asset managers and public corporations are next. The wealthy individuals are next. Then the middle class, and then the working class and the poor.

And the global aspect of Fiat World is important. An asset allocator can operate globally, so among the 160+ currencies out there, they can arbitrage them. They short a currency with negative real interest rates, and buy good assets somewhere with it. I personally did it in Egypt not to make money (we don't plan to sell for the foreseeable future) but to ensure good housing for the family at modest expense. But global firms do this around the world to make money. As the global economy got more and more financialized over the past four decades, a lot of professional talent shifted from engineering or medicine or wherever else and moved toward financial arbitrage.

Weak money financializes everything else. Strong money can de-financialize everything else.

Limits? Like minimum send/create tokens? Or limits as in limitations?

👅😛❤️

#nostr

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Actually yes, I publish a daily 10 min. Bitcoin news update. Show name is Fractal Bitcoin. Also, after the Panel on Fridays I'll be publishing those through the podcast feed as well 👍

GN Everyone

Get your rest, you'll need it for tomorrow

We are fighting for our freedom

🚰 H2O and BTC: Both essential for life. Stay hydrated and keep hodling!

The Bitcoin Panel for this Friday is shaping up to be an absolute banger Livestream. When the details are finalized would you mind helping us promote it?

TEN31 PROVIDES GRANTS TO OPEN SOURCE CONTRIBUTORS AND PROVIDED AN EARLY DONATION TO OPENSATS.

EVERY PROFITABLE BITCOIN BUSINESS SHOULD HELP SUPPORT THE MAINTAINERS OF THE PROTOCOLS THEY RELY ON.

WHEN WILL MICROSTRATEGY, ARK, AND FIDELITY DO THE SAME?

Go to LNbits.com. Sent up a lightning wallet and etc... u should be able to read the documentation and get a basic understanding.

Exactly! I find that journaling my intention with time / date stamp allows me to go back and reference - reminds me of what I’m capable of and to reflect on the journey. It’s so exciting to see when it comes to fruition and you have the original journal entry! Best feeling ever!

To be infinitely patient means you know you are in vibrational harmony with the source. You don’t need to force. What is meant for you will show up at just the right moment because whatever frequency you are on is where you are in that moment. Therefore, even though it’s a paradoxical statement, you can see how it makes sense if you let go, don’t force, flow, grow & remain patient, the results you wanted seem to show up just as you needed them. You must be in harmony with your true intent or this won’t make any sense.

Use ecash to send/ receive sats for better privacy instead of zapping. OxChats approach is a great example, their client has a built in ecash wallet. Can be made just as easy as zapping and far more private.

Then once you have a stash on your ecash wallet, drain the mint to green lightning for self custodial lightning amd increased receiving privacy ( green lightning receiving doesnt expose your phones node as it uses wrapped invoices with the LSP).

Then, once you have a large stash on your green lightning wallet, do a swap on robosats or boltz to your bitcoin on chain wallet. Dont reuse addresses.

I think this is a good approach for most 🤙

#bitcoin #lightning #ecash

I am from Monterrey, in the north of Mexico, you go to the center, you are welcome to Guanajuato anytime. There are also tamales in Guanajuato, just look for them.

I tell you the truth, it is still very complicated in Mexico to find places that accept Bitcoin, there are some but they are very few. I recommend you to search the internet for places that accept Bitcoin, once you are here. Hugs and good luck.

❤️🫣

Tamales 🫔🫔❤️

#photostr #foodstr #bitcoin

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💦 Don't forget to drink water! Your body will thank you.