Over the last few years we have all felt the increasing pressure on our finances. Prices of homes, groceries, fuel, insurance, cars, and everything in between has gone up drastically. Some have benefited from the price increase as asset prices have also risen dramatically, but yet they still feel the squeeze as their paycheque doesn’t go as far as it used to. Those without assets have seen no benefit just the increased pressure to provide for their needs. What has caused this inflation?
Politicians and the central banking class will say it is supply shock from Covid, war in Ukraine, anything but their own policies. Just like any other good, money works on the same supply and demand forces and over the last 3 years the quantitative easing or money printing has almost doubled the supply of money. Effectively you have more dollars and the same supply of goods for purchase, prices go up. This also caused more speculation in real estate as many recognized that dollars are being devalued so they seek out assets to park their wealth. That combined with the low interest rates caused a bubble in the real estate market. Now that interest rates are climbing the bubble is getting squeezed, will it burst?
If not real estate you have bonds or equities, but in order to break even you need to at least keep up with inflation. Which is upward of 10%, s&p averages 7%, which is a real return on -3% in a high inflationary environment. How do we fix this mess? What can we do to help ourselves, especially those who can’t afford to park their wealth in real estate since they have been priced out?
On January 3rd, 2009 the pseudonymous creator Satoshi Nakamoto released an open source protocol called Bitcoin. With “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” written on the genesis block. Bank bailouts are done by central banks printing money to keep banks from going insolvent and it causes inflation just like any other form of bail out or money printing. Since monetary inflation is nothing new, yet most do not understand it. This message draws attention to Satoshi’s understanding of the shortcomings of the banking system. Another place this is shown is in the fact that there is a fixed supply of bitcoin, there will never be more than 21M bitcoins. No politician, no banker, no institution or combination of people can change this.
Fiat money aka government legal tender (dollars, pounds, yen, etc) the rules can change without our consent such as the recent example of the quantitative easing during covid. Did you get to vote for that? Did you understand the implications? If you did would you agree with it? Bitcoin’s protocol rules are written in the code and anyone is free to audit them as it is open source. The rules do not change with the whims of the ruling class. What is more fair than that?! A money that is open and the rules are auditable, anyone can use it from anywhere yet no one has to use it. A money that has a fixed supply, and is digital that can be sent between two parties without a trusted third party (financial institution).
You might want to get some in case it
Over the last few years we have all felt the increasing pressure on our finances. Prices of homes, groceries, fuel, insurance, cars, and everything in between has gone up drastically. Some have benefited from the price increase as asset prices have also risen dramatically, but yet they still feel the squeeze as their paycheque doesn’t go as far as it used to. Those without assets have seen no benefit just the increased pressure to provide for their needs. What has caused this inflation?
Politicians and the central banking class will say it is supply shock from Covid, war in Ukraine, anything but their own policies. Just like any other good, money works on the same supply and demand forces and over the last 3 years the quantitative easing or money printing has almost doubled the supply of money. Effectively you have more dollars and the same supply of goods for purchase, prices go up. This also caused more speculation in real estate as many recognized that dollars are being devalued so they seek out assets to park their wealth. That combined with the low interest rates caused a bubble in the real estate market. Now that interest rates are climbing the bubble is getting squeezed, will it burst?
If not real estate you have bonds or equities, but in order to break even you need to at least keep up with inflation. Which is upward of 10%, s&p averages 7%, which is a real return on -3% in a high inflationary environment. How do we fix this mess? What can we do to help ourselves, especially those who can’t afford to park their wealth in real estate since they have been priced out?
On January 3rd, 2009 the pseudonymous creator Satoshi Nakamoto released an open source protocol called Bitcoin. With “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” written on the genesis block. Bank bailouts are done by central banks printing money to keep banks from going insolvent and it causes inflation just like any other form of bail out or money printing. Since monetary inflation is nothing new, yet most do not understand it. This message draws attention to Satoshi’s understanding of the shortcomings of the banking system. Another place this is shown is in the fact that there is a fixed supply of bitcoin, there will never be more than 21M bitcoins. No politician, no banker, no institution or combination of people can change this.
Fiat money aka government legal tender (dollars, pounds, yen, etc) the rules can change without our consent such as the recent example of the quantitative easing during covid. Did you get to vote for that? Did you understand the implications? If you did would you agree with it? Bitcoin’s protocol rules are written in the code and anyone is free to audit them as it is open source. The rules do not change with the whims of the ruling class. What is more fair than that?! A money that is open and the rules are auditable, anyone can use it from anywhere yet no one has to use it. A money that has a fixed supply, and is digital that can be sent between two parties without a trusted third party (financial institution).
You might want to get some in case it
Did you update your Damus app?
Ooof
That’s a fuckin slap in the face
Courts and regulators protect institutions they don’t give a fuck about you
Interesting
How does this save you money vs filling up? Why not 84 once a week? Same amount spend less time at the gas station?
I rarely use my computer
HodlHodl I’ve successfully used iPhone and Android and Robosats I’ve used over Tor on Android haven’t been able to get it to work on iPhone.
The nose is beautiful, you’re enough the way you are. :)