All metal grinder, nice.

Secular Religion

History of the US dollar.

Colonial America:

1: Illegal to import British coinage.

2: Illegal to mint coins themselves.

3: Primary coin becomes the imported Spanish Dollar.

4: Colonists unable to effectively do commerce without enough good quality money, heavily relying on paper money and foreign coins.

5: British taxes add extra economic stress towards a disenfranchised people who don't have any representation or enough good money...

REVOLUTION!!!

New country, new rules:

1: The USA can mint it's own money.

2: Establishes rules for what defines a dollar, the states are only allowed to make Gold and Silver into money not promissory notes.

3: The Treasury and the US Mint are established.

1800s America:

1: Anyone can bring silver to the US mint and have it made into new silver dollars, causing concerns of inflation.

2: Lots of Silver US Mint Dollars in circulation.

3: Government prints emergency "green back(s)" promissory notes to fund Civil War with fiat.

4: Several states, especially on the West Coast, do not accept the Greenbacks.

5: Greenbacks devalue against Silver Dollars, circulating Silver Dollars outnumber circulating Greenbacks, the country defaults back to Silver Coinage who's face value is backed by their silver content and the stronger Gold Coins.

6: Problems with bank failures due to fractional reserve banking.

Early to mid 1900s America:

1: 1913. Federal Reserve established to address problem of unstable banking system, caused by dishonest banking practices, forcing the entire country to participate in a system that runs on bad banking practices.

2: New Greenbacks, called Federal Reserve Notes, are printed backed by Gold and Debt to pay back Gold, to support WW1.

3: 1918. The Pittman act authorizes the melting of nearly half of all Morgan Silver Dollars in circulation (270,000,000), to send to Britain in support of the war effort. Replacing those Silver Dollars with "Emergency issue" Federal Reserve notes. Shifting the balance of circulating Silver Dollars and Paper Dollars.

4: New Silver Dollars are minted to replace the melted ones, most of them are Peace Dollars. Total number of circulating Silver Dollars hasn't grown relative to population in over 25 years. Constant growth of paper dollars in circulation.

5: 1929. Too much funny business in money and markets causes the great depression.

6: 1933. An over leveraged monetary system cannot support $20.67/Oz of Gold, executive order #6102 makes private Gold ownership illegal.

7: 1934. A re-evaluation of the Dollar to $35/Oz of Gold. Final 90% Silver Dollars minted for circulation. Only Federal Reserve Note Dollars issued from now on.

8: WW2 leads to high rate of issuance of new Federal Reserve Notes and foreign allies deposit their Gold with the US Treasury for safe keeping.

9: 1945. Bretton Woods establishes the US Dollar as the world's reserve currency, backed by gold.

10: Paper dollars now the dominant circulating currency units, relative to a smaller circulating Silver Dollar supply. With coinage relegated to change for paper dollars.

Late 1900s America:

1: 1955. Foreign nations begin redeeming their US dollars for gold.

2: 1965. Over supply of paper dollars relative to gold and silver supply means silver becomes too expensive to use to make coins, and the US Mint begins counterfeiting it's own coinage, switching new circulating coins to copper with the same design.

3: 1970. Too much gold is being withdrawn, the system is threatened with collapse if the US runs out of Gold.

4: 1971. To stop total dollar collapse, the link between the US dollar and Gold is severed by Nixon.

5: The US Dollar is now 100% fiat. Nothing but paper dollars, and copper coinage.

6: The decoupling of face values between Silver Coins and Paper Bills occurs like in the 1800s, but this time the Silver coins have all been removed from circulation and Greenbacks greatly outnumber them, causing people to see the silver coins as gaining value when in reality it is the paper and copper dollar losing value.

7: The constant devaluation of the dollar raises the cost of living faster than people can overcome those rising costs.

8: 1985. US Mint relaunches a $1 Silver coin in the American Silver eagle for those who want then, marked as 1 Oz of Silver. Not intended for circulation as it cannot compete with the new worthless money that dominates.

2000s America:

1: The economy is constantly struggling to overcome dollar debasement. Corrupted money corrupts Government and corporations. The line between corporations and government blurs. Seeking real value creation for people is replaced by seeking ever more paper dollars for the bottom line.

2: The struggle for financial dominance of a constantly weakening financial system leads to an over focus on controlling the money of the population. Increased fighting to control the seat of money creation (Government).

3: Decades of devaluation, and an unstable Government antagonizing other nations, leads to reductions of other nations trusting the stability of the US Dollar which they begin to dump for Gold.

----------

The Future of Money is yet to be determined, everyday we make decisions of which money we support. Take responsibility for your own part of our financial system. Support freedom by supporting financial independence on top of sovereign money.

Save in Bitcoin, self custody, spend Bitcoin, and do not consent to tyranny.

We are winning, more people become aware of it every day. It's a change that occurs gradually, then suddenly.

Beautiful said. I vacillate between stages 5 and 6 most days lol. Ultimately I don't know the future, anything could happen, but it's fun to think about possibilities for the world when it finally has sound money.

Pretty good. Constantly practice being okay with uncertainty, I prefer living in the moment rather than living in an uncertain future. 🤟

I don't like authoritarians.

What's up y'all. How's life.

The current bull run isn't in the price as much as it is in the merchant adoption.

Bear market low of $15.5k was on 11/22/22.

Merchant acceptance has increased more than 11x in 3 years.

When people have a critical mass of Bitcoin, so that they are sustained by a fraction of its gradual growth, then they no longer need to sell their time to others in exchange for money. When enough people reach that point, they can start businesses together that function without requiring outside funding. Businesses who don't need support from authoritarians that place demands and requirements on them in order to receive that support.

This will be the emergence of Bitcoin powered businesses, businesses who's goal is not profit but community support and assistance. These businesses will be serving the people around them, not the top 10% who own 90% of all publicly traded company stock.

There are 2 types of people. Those who believe in authority, and those that don't. If you come across someone who believes they have authority over you, and they're supported by a system of other people that says they have authority over you, treat them like you would a gorilla.

You can't reason with a gorilla, talk to a gorilla, or fight a gorilla and win. A gorilla is a dangerous animal, they have no actual authority over you but they believe they do and they have the ability to kill you if you disagree.

You bow down, you make the gorilla believe they're in charge and you are not. If you make the gorilla believe you are subservient to them, they are more likely to leave you alone largely intact.

Like it or not might makes right, "he who has the Gold makes the rules", and those who command the most economic energy are in charge until they aren't. Unfortunately for us, it is authoritarians who in today's world have near total control of the most important good required for a truly free market: money.

Governments every year spend more value, acquired through theft and devaluation, than the value of the entire Bitcoin network combined. But as they do that balance is shifting little by little every day, the more they devalue their networks the weaker they become. It won't be much longer until Bitcoin's exponential growth and the Dollar's exponential devaluation reach a major tipping point and everything changes exponentially fast. Until then, bow to the gorillas in public while fighting them in private.

Understand that there is little point to open conflict, we have already won! We won't win by conflict with them, we win by outcompeting them. Bitcoin is spreading across the world like an out of control wildfire and it cannot be stopped. The world needs better money and while Gold and Silver are great physical trade units, they those and fell on that backs of the authorities that made them too many times in history to be trusted again. Bitcoin fixes everything wrong with money, it's literally just sovereign tokens of values of time (average block time divided by block reward) and energy (average hashrate divided by block reward) and both values are constantly growing.

Imagine Bitcoin powered hospitals, Bitcoin powered food kitchens, Bitcoin powered fire departments, Bitcoin powered schools, Bitcoin powered factories, Bitcoin powered everything. With Bitcoin, just acquire a critical mass of Satoshis and spend them slower than they grow and you'll never run out of money. No obedience to arbitrary rules given by authoritarians needed.

The world doesn't get better out of nowhere, the world gets better when Bitcoin grows big enough that Bitcoiners spend more money and build more services that provide more value to society than the fiat money printers do.

That day is closer than you think.

Pretty much.

Is the US in its Emperor Nero era?

Beautiful image!

#NOSTR more and more is becoming my most trusted and frequently used app.

I love it. I love you guys (meaning all y'all reading this), and I'm excited for the future we're building.

Agreed.

Like something from a movie. Beautiful and scary.

My tolerance for bullshit is basically gone.

Damn, I want one now.

#Bitcoin Mining difficulty, vs production cost, vs price, over the last 3 years.

They are deeply related.

Here's the production cost of the last 1 and 3 years for reference.

I don't remember this scene with Captain Lorca...

Really beautifully put. Well done.

nostr:naddr1qq8ky6t5vdhkjm3dd9ej6arfd4jsygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvpsgqqqw4rsdan6ej

"The clip is misleading, and we have reviewed a 10-minute body worn video recording showing the full exchange."

Classic we have investigated ourselves and find we've done nothing wrong vibes.

The nodes that do things that negatively impact the network will be forced to shift away from such practices over time organically.

In a truly free market there are going to be people who do things that others disagree with. The details don't matter, people don't need to update their nodes at all if they don't agree with new policies, just use the last universally accepted version of node software until disagreements come to their natural free market conclusion.

It is a mistake to assume things will fail unless they find ways to extract value from users.

Providing value to people is success, extracting value is failure.

The total supply is an infinite series of halves.

1/2 + 1/4 + 1/8 + 1/16 ... On to infinity. Add all of them up and they'll never equal more than 1 whole.

The whole supply of 21,000,000 can never be exceeded as the supply is generated as an infinite series of halves every 4 years.

First four years 10,500,000 coins were mined (1/2 of 21,000,000) and the first halving cut the issuance rate in half, which also cut the total issued over the following 4 year period by half as well. So the second set of 4 years see 1/4 of the total supply (5,250,000 coins) issued which now totals 1/2 + 1/4 = 3/4 of total issued in the first 2 periods. This continues until the code doesn't allow the halving to continue (currently 2140, so we have time).

Essentially, the total number of the supply will always be approaching 21,000,000 but it will never actually reach 21,000,000.

Imagine watching this on any centralized Shitform.

I just found out about DelphiClassics.com

A great resource of public domain books that are low cost and formatted properly for e-readers! Thought I would share.

"You'll own nothing, and you'll be happy!"

🤢

We WILL change the script they have for us.

Freedom or slavery.

Referring to the $15k bottom in 2022 to now.

It'll take the same amount of time too.

"Proof is useless unless it's proof of something people already want to believe."

- The mysterious benedict society, S01 E02

😂

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👇

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The more we all mine, the stronger we get.

https://bitcoinmagazine.com/bitcoin-mining/bitcoin-mining-blue-collar

😂

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This is how I'm using it more lately, like checking in with family when I feel like it lol.

A global family chat.

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Watching old Star Trek episodes a bit lately, funny how they thought it would take hundreds of years to get to talking computer databases and mobile tablet computers and yet it took only about 60 years.

Technology grows exponentially, while people look at it linearly. They expect if the growth was $50,000 in the last year that growth will be $50,000 in the next year when this is not the case.

Few forsee Bitcoin reaching $1 / Sat parity within a decade, but I do.

10x every 3 years is the long term trend. As those who have seen my previous posts know, 2020 - 2021 saw minor and major hiccups in the long term trend and set us back about 2 years. We should be $440k right now, we will be within 2 years.

Despite the hookup the trend is continuing. I expect we'll reach $0.01 / Sat within the next 3 years, $0.1 / Sat within 6 years, and $1 / Sat within 9 years.

It'll take most by surprise, that's the nature of things.