#Bitcoin has limited downside, but unlimited upside! That's the point
Man muss nicht lesen können um Bitcoin zu kaufen. Der Rene hat es auch geschafft. 😂
https://blossom.primal.net/01b914ebe9028ccc635666960bb5019c97551c7033f0f2c6ca4442a020606e0a.mp4
Das Fiat-Geldsystem beruht darauf, dass der Staat auf Kosten der Bürger profitiert.
There is no mechanism to cut government funds if they benefit no one.
Government agencies always review themselves and consistently conclude that the solution to all their problems lies in increased funding.
Unsound money endangers democracies, as governments, pressured by re-election, promise free benefits without disclosing costs. Voters favor such promises and are manipulated to blame scapegoats for the consequences (inflation, recessions), leading to mass delusion and violence.
Sound Money: Promotes honesty, transparency, and accountability of the state. It ties spending to actual production, enforces cost-benefit analysis, and limits state power to what the population accepts. Consumption follows production.
Unsound Money: Enables states to finance popular programs without direct accountability by expanding the money supply. The costs (inflation, currency devaluation) become evident later and can be blamed on external factors like foreigners, bankers, or minorities.
The best government is the one that governs the least.
With sound money, a state's war activities were limited by the amount of taxes it could levy. With unsound money, the state is restricted by the amount of money it can print before destroying the currency.
When money (currency) constantly loses value (e.g., due to inflation), people are encouraged to invest in projects that yield more money than inflation but generate no real profit. Such investments seem rational because the money loses value more slowly than if it’s simply held. However, they harm society in the long term by actively waste resources and reduce societal capital (wealth).
The culture of conspicuous consumption, shopping as therapy, and the constant need to replace cheap plastic junk with newer, flashier cheap plastic junk would have no place in a society with money that gains value over time.
A society with low time preference, which saves and invests more, achieves higher consumption and more capital in the long term compared to a consumption-oriented society.
Episode 277 - Blockzeit 889868 - von und mit nostr:nprofile1qqsx8y4dj9mzt99r9yvd3jklt9s37mta0lhq3rq0mvn3lk2f8szr9vcprfmhxue69uhhyetvv9ujumn0wd68yurvv438xtnrdakszxthwden5te0wfjkccte9ehx7um5wf3ksetrdvhx6egpz4mhxue69uhks6tnwshxummnw3ezumrpdejqu63czl, nostr:nprofile1qqs0ys979d5ylpwvs9tx7gyp8p40s8t5yl4gvfgv300xk759qrrkrwspremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59uq3samnwvaz7tmswfjk66t4d5h8qunfd4skctnwv46qzxnhwden5te0wpuhyctdd9jzuenfv96x5ctx9e3k7mf0e40a3h und nostr:nprofile1qqsx2l58fx0qyec4lqfgvqcypzkqxgq5atuuxs4vtyqhk3rj7qf6g0ccjnmh0
- Erster Public Pool Block - 888989
- NerdNOS Workshop Trier
- SPD will Jahresfrist auf Bitcoin Gewinne abschaffen
- Braiins BCB100 Control Board
- Robosats v0.7.5
- Mempal Android App
- Einundzwanzig Vereins Projekte
Maurice Höfgen der deutsche Javier Milei verteilt das Geld mit der Kettensäge
#Afuerafest
"I don't think we'll ever have good money again as long as we leave the issue to the state; that is, we can't take it out of the state's hands by force, but all we can do is introduce something in a clever way that they can't stop."
- Friedrich Hayek 1984
The more state money is deposited in state-controlled banks, the more the money transforms from a reward to creation of value to a reward for obedience to state officials.
A form of money that is easy to produce is worthless as money, and a soft currency does not make a society richer. On the contrary, it makes it poorer by putting hard-earned wealth up for sale in exchange for a soft currency that can be easily produced.
