Well, sometimes life brings not one but several surprises at once. Surprises are more often negative than positive. The way you think determines how you will perceive a negative or positive surprise. One brings you easy profit, the other brings you opportunity.

“The war of 1914 provided telling proof of the fact that stateguaranteed paper money, unlike gold and silver coins, does not represent any substantial value.”

Hjalmar Schacht “ The Magic of Money” 1967

He who seeks profits must be able to bear losses. To acquire riches by legal means requires talent, diligence and the renunciation of comforts. Most men lack these qualities. For them a moderate income enabling them to enjoy life’s ‘simpler pleasures’ is sufficient. They eschew risks. Security of income is worth more to them than a possible but doubtful profit. Security of work, and provision for illness, old age, injury and unemployment, are therefore in the forefront of social controversy.

Shacht

We live in Bretton Woods times!

A centralized ledger is a single point of failure—one breach can compromise the entire system. Unlike Bitcoin’s decentralized network, which resists attacks, a central system is an easy target. As financial tech evolves, decentralization is key to securing digital assets.

Yes I agree, but this is how it is used in other books and articles I have come across. And the quote is from the first page of the book “Tragedy and Hope: A History of the World in Our Time” published 1966 and is almost 1400 pages!!!

“The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the worlds central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence co-operative politicians by subsequent economic rewards in the business world.”

Carroll Quigley

It does really feel like a opportunity! #bitcoin

Casual conversation with GROK

**User:** We accept that a lie cannot exist without the truth. If there is no truth, there is no way to invent a lie. Then, if the fiat system is a lie, what is the truth?

**Assistant:** If we accept that lies exist only in the context of truth, then in the context of the fiat system, which is considered a lie, the truth would be **the backing of money's value with real assets or gold**. This is the historical basis for monetary systems before the introduction of fiat money, where the currency had value backed by gold reserves or other tangible assets.

So, if the fiat system is viewed as a lie, the truth would be a return to the **gold standard** or another system where money has inherent value, not just trust in the state or central bank.

**User:** Which means that #Bitcoin is the truth?

**Assistant:** #Bitcoin is often viewed as a form of "truth" in the context of digital currency because:

- **Decentralization**: #Bitcoin is not controlled by a central authority or institution, making it resistant to manipulation by third parties.

- **Transparency and Accountability**: All transactions are recorded on a public blockchain, which allows for transparency and verification of each transaction.

- **Limited Supply**: There's a fixed total number of Bitcoins that can be created (21 million), making it analogous to gold with a limited resource.

If we accept that "truth" in the context of monetary systems relates to sustainability, transparency, and decentralization, then #Bitcoin can be seen as a form of "truth." However, this depends on perspective:

- **Value Stability**: Unlike gold, Bitcoin's value is much more volatile, which can be seen as a flaw in its "truth" in the context of stable currency.

- **Adoption**: The truth of #Bitcoin as a currency still depends on collective trust and acceptance by the community and institutions.

Therefore, Bitcoin can be seen as a form of "truth" in terms of structure and principles, but its nature and adoption make it more complex for a categorical definition as "truth" in the traditional sense of monetary systems.

**User:** Which means it's a matter of time, not proving the truth!

**Assistant:** Exactly, in the context of #Bitcoin and other cryptocurrencies, its acceptance as "truth" or a valid form of currency indeed seems to be **a matter of time, rather than proving the truth**. This is partly because:

- **Trust and Adoption**: The more people and institutions accept #Bitcoin as a valid form of payment or investment, the more legitimacy and stability it gains.

- **Technological Development**: Over time, technologies around blockchain and cryptocurrencies improve, increasing trust and reducing risks associated with their use.

- **Regulatory Environment**: The regulatory frameworks being developed around cryptocurrencies also play a role in their acceptance as "truth" in an economic context.

Thus, while #Bitcoin has fundamental truths in its structure (decentralization, transparency), its acceptance and stability as currency will be proven with time, rather than through an absolute proof of its "truth" in an immediate context.

Thanks to #bitcoin we have learned how to study properly!

Not interesting if you don't buy at the top!

#bitcoin

Sympathy for the Bears

(to the tune of “Sympathy for the Devil”)

Verse 1

Please allow me to introduce myself,

I’m a trader with no clue.

I shorted Bitcoin a thousand times,

And watched my debts accrue.

I was there when Peter Schiff

Declared, “Gold’s the only way!”

But while his tweets were raining down,

Bitcoin flew to 100K.

Chorus

Pleased to meet you,

Hope you guessed my game.

Oh, I short the pumps,

And I lose the same!

Verse 2

I joined in Schiff’s eternal rants,

“BTC has no real use!”

But gold just sat there looking shiny,

While Bitcoin cut me loose.

I sold my stash at ten K flat,

Said, “It’s dead, just like before!”

Then watched you hodlers ride the wave,

And laugh as bears went poor.

Chorus

Pleased to meet you,

Hope you guessed my game.

Oh, my golden idol,

Brought me only shame!

Bridge

Peter shouts, “It’s going to zero!”

While stacking his fool’s gold bars.

Yet every tweet is a public L,

As we hodl past the stars.

Verse 3

So if you see me on TV next,

Beside Schiff’s eternal sigh,

Just know we’re bitter, broken bears,

Who watched the moon pass by.

I mocked your laser eyes and memes,

Called wallets “magic dust.”

Now I’m left holding nothing but,

A pile of broken trust.

Final Chorus

Pleased to meet you,

Hope you guessed my game.

Oh, my bearish ways,

Lit a fiery flame!

Outro

Every Schiff still clings to gold,

Every bull just rolls their eyes.

Bitcoin laughs from 100K,

While Peter writes more lies.

Ad-lib fade-out

“Gold’s real money!”

“Bitcoin’s a bubble!”

“Wait… can I pay rent in sats?!”

The most underrated side effect of #bitcoin is that it made a lot of people learn what economics and finance are! Then it made them think critically.

#bitcoin

Do not sell your #Bitcoin = Carthago delenda est

#Bitcoin

Wealth is a philosophical matter with material expression.

#bitcoin

It's not just about getting rich! That's stupid! It's about being able to not have our energy and labor siphoned off by and to certain people and organizations. If you just want to be rich without any moral or ethical sense of wealth, then you are poor, and with lots of money, you will still be poor. If you only want the money to satisfy your fantasies that you can't pay for now, then you will be living on an island of misery surrounded by suffering and poverty! #bitcoin can't fix that! Only you can!

#bitcoin

When a man gets tired of always being right then he begins to see the truth.

#bitcoin

I think wealth as far as #bitcoin is concerned will not be expressed in the current fiat standards of millions, billions, trillions, etc. of dollars. Supercars, yachts, palaces, islands, etc.

#Bitcoin wealth will be something real beyond the material by current standard understandings. It will give access to something unimaginable by current unified brain standards.

People can get better not just by learning #bitcoin but when they start thinking about what individual and collective problems it could solve.

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