“With inflation alone can a government extinguish debt without repayment, or wage war and engage in other non-productive activities on a large scale: it is still not recognized as a tax by the taxpayer” - Günther Schmolders
“The stability and even the survival of Western welfare states depends on their ability to continue extracting a huge fraction of the world’s total output for redistribution to a subset of voters in the OECD countries.” - The Sovereign Individual
“Because the Church attempted to suppress the printing press, most of the new volumes were published in those areas of Europe where the writ of established authority was the weakest.
This may prove to be a close analogy with attempts by the US government today to suppress encryption technology.
The Church found that censorship did not suppress the spread of subversive technology; it merely assured that it was put to its most subversive use.” - The Sovereign Individual
Fascinating. Bitcoiners are being actively galvanized by governments attempting to ban or discredit #Bitcoin.
Interesting to think that maybe “toxic maxis” would be a whole lot less toxic if they weren’t being proven right about government overreach in real time.
Unleash your inner psychopath, you saucy little subversive sat stacker, you 😉🧡💜
#plebchain
You, sir, are a hero. This deepens my conviction in Bitcoin, Lightning and Nostr, and I will be sure to pay it forward.
#PuraVida
lnbc21u1pj2p668pp5wmm5lk3wyne2qsydjtux9dnqn8k5qg9datp9h70xe7cf2xktje6qdqqcqzzsxqyz5vqsp5yg3wx9f0qcw0cm98hsgljqgxcdjcyu4353g2jt5f00ey6qv3yaqq9qyyssqp29tyq7r0yn0799ye60metey4ngyfmq49rjq87r9h77ak8g46rg4826adsgvcgmkdqmsm7qafpuj3h6pup0gmtjvcw423vk0r3v5cacpsl5rwc
“In the future, one of the milestones by which you measure your our financial success will be not just how many zeroes you can add to your net worth, but whether you can structure your affairs in a way that enables you to realize full individual autonomy and independence” - The Sovereign Individual
#freedom #bitcoin
“Everyone still tried to keep up appearances: at first, early on, people looked around to see what economies they could make, what clubs to resign from, what luxuries to do without. Later it was a question of considering what necessities to do without.” - Adam Fergusson, When Money Dies
Eerie foreshadowing, in my opinion.
Michael Saylor puts it plainly. There is no need to overcomplicate.
Buy #bitcoin
I was particularly enthralled by the idea that in a mere 25 years, Bitcoin will have a stock-to-flow ratio of over 10000.
To help visualize that: If there were only 10000 Bitcoin in total, in the year 2048, only 1 new Bitcoin would be mined. Your wealth would be diluted by 0.01% by newly mined supply.
Wealth can last. Wealth stored in Bitcoin may just last longer than humanity itself does.
“Neither the industrialists nor the general public were prepared to pay the true costs of the railways, or of the post office, or even of bread: so the government understood, and printed the money to pay for them” - Adam Fergusson, When Money Dies
Never forget:
They can counterfeit faster than you can produce. Always.
Hard work alone will never allow you to “get ahead”. They can always crank the treadmill of inflation higher to expropriate your gains.
This system is corrupt by design.
Opt out. #bitcoin
What is this, a dip for ants?
Anyone else not done stacking at $25k?
When the halving happens next year, we’re all going to regret not buying more in 2021/22. Preemptively regretful…
“it was the natural reaction of most [people] . . . to assume not so much that their money was falling in value as that the goods which it bought were becoming more expensive” - Adam Fergusson
If you understand inflation, I believe it is your civic duty to educate your peers that it is the money which is becoming less valuable.
Things are not becoming more expensive. Our money is being corrupted, perverted, debased.
Knowingly. Intentionally.
We are all getting fucked, and this simply cannot continue indefinitely. Either we remain idle and we lose almost everything, or we fight the corruption and stand a chance of preserving our prosperity.
“… the revolutionary axiom that if you wish to destroy a nation you must corrupt its currency. Thus must sound money be the first bastion of a society’s defense.” - Adam Fergusson
Defend your society; buy #bitcoin
“We the People will survive - after all, the real assets don’t vanish: the food, cars, and electricity are all there.”
“It’s a paper crisis, but unfortunately that paper crisis has sucked real [people] in, suckered them into putting their life savings into the care of a bunch of degenerate gamblers in expensive suits.” - Peter St. Onge
#bankingbad
“We do not know whether later ages will still rely on the same raw materials on which we depend today. It is true that the exhaustion of the oil deposits and even those of coal is progressing at a quick rate.”
“But it is very likely that in a hundred or five hundred years people will resort to other methods of producing heat and power.”
- Ludwig von Mises, Human Action
That was written in 1940. Mentally this guy was about a hundred years ahead of the rest of us…
“It should be trivial for those who produce value to receive value” - #[0]
It’s happening: Lightning is the fucking shit. ⚡️⚡️⚡️
All the pieces required to make value transfer trivial are already operational. It’s just a matter of time before a critical mass of people join the party.
“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” - Thomas Jefferson
I want to upskill in #Bitcoin and #lightning in particular. Any recommendations for where to start?
Once reality has had its reckoning, I shudder to imagine the period of prosperity that will commence when financial measurement has a consistent unit - #Bitcoin.
Just consider for a moment how much human action is dedicated to winning in this dysfunctional system, and how much humanity will benefit when that action is instead dedicated to productive ends.
In a few years we will know for certain that the vast majority of the world’s purported wealth was nothing more than a Federal Reserve computer’s fever dream.