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Vandelay ₿TC Industries⚡
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"The liquidation engine was angry that day, my friends - like an old man trying to send back soup in a deli." ∞/21M · #Bitcoin #BTC Less Government · More Freedom

I know we're hating him this week. But what if? #Bitcoin

“Simplicity is the ultimate sophistication.”

- Leonardo da Vinci on #Bitcoin

BitcoinAtlantis at Madeira was absolute fire.

I feel a bit guilty I haven't been Nostr'ing enough.

Are we still friends?

https://video.nostr.build/712d3f4ce03dede75fc634d34d9a455ec987968c7d42d89d50e090dff600703d.mp4

I should probably be more active here. But it feels like no one misses me. 😢

Vote with your feet and wallet. #Bitcoin

#m=image%2Fjpeg&dim=528x342&blurhash=r384i6j%5B00j%5B9Fof9FWBRj%7EqayofofM%7Bj%5BM%7BofRj00ay-%3BfQ%25MayxuofofD%25ayRjayofj%5Bxuayt7D%25ayxuWBt7j%5BRjj%5BWB4nj%5BxufQxuWBt7ayj%5B&x=755539aea48b9f0cb1fe38e9879ef743c4a8d942a07facb6bd7f1ebdf8590fc4

LOL. I'm gonna need more than that. Those ribeyes are getting expensive.

Enjoy a restful weekend, bitcoiners!

I don't say this often, but have a feeling it's going to be a big week! 🤘👑

Yay, gold is at an all time high!

Amusing to watch the enthusiasm of some, given gold has been crushed by #Bitcoin, with a staggering 99% decline and an absolutely mediocre 14yr CAGR of only 4%.

Gold had a great run but is being demonetized faster than ever. Tick, tock... ⏳☠

“Inflation provides provides illegitimate gains. Its alleged benefits are not really different from the benefits of robbery and fraud.

Many princes blushed when they were caught debasing the currency of the country. But modern presidents, prime ministers, and chancellors can keep a straight face and justify inflation with the alleged need to stabilize the price level and to finance growth.

There is a solid historical record documenting how governments have abused the trust that the citizens put into them.

There was in fact, hardly a dynasty that did not in this way abuse its monopoly of coinage. Ancient Greeks and Romans, medieval princes, dukes and emperors, as well as democratic parliaments have recklessly debased the coins of their country.”

[or as Satoshi put it, "The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust."]

“Moral hazard is implied in the very existence of paper money because its producer can bail out virtually anybody.

Central planning and hyperinflation is what the future holds for an economy under paper money. The only third way is to abolish paper money altogether and to return to a sound monetary order”

Fiat inflation is what happens when people increase the money supply by fraud, imposition, and breach of contract. Thus it leaves a characteristic cultural and spiritual stain on human society.

Inflation spurs the growth of central governments. It allows these governments to grow larger than they could become in a free society. And it allows them to monopolize governmental functions to an extent that would not occur under a natural production of money. The printing press allows the government to tap the property of its people without having obtained their consent.

The old way for ordinary citizens to make savings was the accumulation of cash. Under fiat inflation this strategy is suicidal - Fiat inflation is a juggernaut of social, economic, cultural, and spiritual destruction.”

#Bitcoin: Defund parasites.

“Inflation provides provides illegitimate gains. Its alleged benefits are not really different from the benefits of robbery and fraud.

Many princes blushed when they were caught debasing the currency of the country. But modern presidents, prime ministers, and chancellors can keep a straight face and justify inflation with the alleged need to stabilize the price level and to finance growth.

There is a solid historical record documenting how governments have abused the trust that the citizens put into them.

There was in fact, hardly a dynasty that did not in this way abuse its monopoly of coinage. Ancient Greeks and Romans, medieval princes, dukes and emperors, as well as democratic parliaments have recklessly debased the coins of their country.”

[or as Satoshi put it, "The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust."]

“Moral hazard is implied in the very existence of paper money because its producer can bail out virtually anybody.

Central planning and hyperinflation is what the future holds for an economy under paper money. The only third way is to abolish paper money altogether and to return to a sound monetary order”

Fiat inflation is what happens when people increase the money supply by fraud, imposition, and breach of contract. Thus it leaves a characteristic cultural and spiritual stain on human society.

Inflation spurs the growth of central governments. It allows these governments to grow larger than they could become in a free society. And it allows them to monopolize governmental functions to an extent that would not occur under a natural production of money. The printing press allows the government to tap the property of its people without having obtained their consent.

The old way for ordinary citizens to make savings was the accumulation of cash. Under fiat inflation this strategy is suicidal - Fiat inflation is a juggernaut of social, economic, cultural, and spiritual destruction.”

#Bitcoin: Defund parasites.

“In no period of human history, has paper money spontaneously emerged on the free market. The only sure way to bring paper notes into circulation was to impose them on the citizenry.

Historically, private coinage came first and only later did governments take over. It carries the risk of total and permanent value annihilation.

In a truly free market, paper could not withstand the competition of commodity monies. The more farsighted and prudent market participants would get rid of their paper money first, and the others would follow in due course

Inflation is that part of the money supply that comes into being because of the invasion of private property rights. As in the case of debasement, banknotes have been falsified both by ordinary criminals and by the “guardians” themselves, as in 1781 when the Bank of Amsterdam started counterfeiting its own banknotes.

Economic science has put us in a position to understand that competitive coinage is an even better way of preserving the trustworthiness of coins. There is no economic reason not to allow every private citizen to enter the minting business and to offer his own coins.

As long as the citizens are free to produce and use the best money available, sound money prevails, whereas debased money and fractional reserves lead a fringe existence".

- J.G.Hülsmann

#Bitcoin > #CounterfeitMoney

The only virus we need to worry about is the deadly outbreak of Marxism now plaguing the land.

The only injections we need to fight it are free markets and free speech.

The #Euro🇪🇺 fiatshitcoin has now lost over 40% of its buying power since creation in 2000, and the debasement is accelerating.

The @ecb is a criminal cartel. No matter how harder you swim, they constantly pull you back in place.

They control the money supply, counterfeiting new currency at an alarming rate to feed their own self-interests. They make it hard for people to retain the fruits of their labor, silently stealing their savings.

The @ecb is a parasite on European economies. Unelected vampires, sucking the lifeblood out of the productive - and they're not going to stop until they're defunded.

They need to be stopped. But how do you stop a criminal cartel? It's not easy. They're powerful, and have a lot of resources.

But we can't give up. We need to save in something they can't steal anymore, that is how we will slowly starve them.

We have to fight for our future, and we have to win.

#Bitcoin is the only solution I see at this point. Everything else has failed. Including "democracy".

Scarcity is an unavoidable fact of physical reality, nothing physical can be provided for free, to claim otherwise is to deny reality and endorse slavery.

If socialists understood physical reality, they would not be socialists (i.e. support a system that relies on compulsory theft of other people's labor and time.)