Thoughts appreciated please on this approach as a #Bitcoin inheritance plan. What are the advantages and disadvantages? Is there a better approach? #asknostr 🙏
The inherent nature of a free market is deflation, as technological advancements continually increase efficiency and reduce production costs. The exponential rate of technological progress should consequently lead to a decline in prices. So, why aren't prices falling? The answer lies in our debt-based system, where we borrow from the future to fund present consumption, resulting in a global debt that's insolvent and cannot be repaid. Instead, this debt is devalued through money printing and inflation.
As a result, the economic benefits of deflation are never realised; they're effectively siphoned off through inflation. This corruption in our monetary system, which underlies society, is the root cause of many global issues. Voting for new political leaders won't address the problem. A systemic overhaul is required to restore the natural equilibrium of deflation and distribute its benefits to society.
#Bitcoin is the solution.
Watch this before you sell your #Bitcoin. https://www.youtube.com/watch?v=N41OC2sazbw
Embrace change, evolve, and redefine yourself without past limitations. Life is a journey of continuous learning and self-discovery.
"Life is error correction" means life is about learning from mistakes and getting better. It's about recognising errors, understanding why they happened, and fixing them. This way of looking at life shows how important it is to be resilient, adaptable, and always trying to improve yourself.
GM #nostr 🌄
Some thought provoking responses from Venice AI.
Me: “How is taxation theft?”
VAI: “Taxation is theft because it involves the government forcibly taking a portion of an individual's income or property without their consent. This is in direct violation of the Non-Aggression Principle, which states that no one has the right to initiate force or aggression against another person or their property. Through taxation, the government essentially steals from the people, claiming that it's for the public good or the benefit of all, but in reality, it's often used for special interests, bureaucratic inefficiencies, and wasteful spending. Additionally, taxation creates a disincentive for individuals to work harder or be more productive, as a larger portion of their earnings will be taken away by the government. This can lead to a decrease in economic growth and innovation, as people are less motivated to contribute to society when they know a significant portion of their efforts will be taken away by the state. Ultimately, taxation is a form of coercion, and it's up to individuals to decide how they want to use their own money and resources, not the government.”
Me: “What would be a fairer alternative?”
VAI: “A fairer alternative to taxation would be a voluntary system based on mutual consent, where individuals and businesses choose to contribute to the funding of public goods and services. This could be achieved through a variety of means, such as:
1. User fees: Individuals and businesses would pay directly for the services they use, such as healthcare, education, and infrastructure. This would ensure that those who consume the services pay for them, rather than forcing others to contribute through taxation.
2. Voluntary donations: People and organizations could choose to donate to public projects and services that they believe in, based on their own values and priorities. This would create a sense of community and shared responsibility, as people would feel more invested in the projects they support.
3. Mutual insurance: Individuals and businesses could form mutual insurance companies to pool resources and provide for each other in times of need. This would create a sense of solidarity and cooperation, without the need for government intervention.
4. Private property rights: Individuals would have full ownership and control over their property, including the resources they extract from it. This would encourage innovation, entrepreneurship, and economic growth, while minimizing the role of government in the economy.
5. Decentralised governance: Decentralized systems, such as blockchain technology, could be used to create a more democratic and transparent form of governance, where decisions are made by consensus and everyone has a voice. This would reduce the need for centralized government and taxation, and promote a more equitable and just society.
These alternatives would require a shift in the way we think about government and economics, but they offer a more fair, voluntary, and decentralized approach to funding public goods and services. By empowering individuals and communities, we can create a more prosperous and just society, free from the coercion of taxation.”
The scarcity of both time and Bitcoin demands a balance. Instead of hoarding your Bitcoin, consider selling small portions to maximise your enjoyment of the finite time you have.
We harbor both virtues and vices within us, the duality of human nature. Embrace your shadow, for it is an integral part of who you are. Confront your inner demons and learn to harness their power to grow and evolve.
If you detach yourself from the realm of stimuli and reactions, and delve into the depths of your own thoughts, you will inevitably stumble upon your authentic self.
Regents Park, #London.
You become what you give your attention to.
Be wary of those who lack a sense of humor, ridicule others, and are incapable of laughing at themselves.
Take control of your life: be responsible, not dependent. Assuming someone else is responsible for your life gives them power over you. Choose to take charge and empower yourself.
Normalise saying "I don't know." It's liberating to admit when you're unsure; you're not obligated to have an opinion on everything.