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Follow me for content on #Bitcoin | #geopolitics | #geobitcoin

Does 🇨🇳China realise that if the 🇺🇸US adopts #Bitcoin all effort it put in the gold-backed BRICS currency has been for nothing?

It's a tragedy Peter Schiff doesn't (want to) understand #Bitcoin and sees #gold as the solution.

He is clear about the problem, but diagnoses the wrong solution.

It's gold failing the market test that led to #fiat.

Haha. Probably the physical constraints quite a few politicians could use...

Schiff is referring to the gold-standard.

Power corrupts and absolute power corrupts absolutely.

Peter Schiff is right that governments need physical constraints to keep them honest.

A #Bitcoin standard would have prevented the fall of Rome.

"#Bitcoin is the movement from darkness to light."

-Allan Bloom

The gold standard brought Europe to the pinnacle of civilisation

#Bitcoin is its only chance to get back there

#Bitcoin #art:

The Angelus (1857–1859) - Jean-François Millet

Low time-preference = country ⤴

High time-preference = country ⤵

"Out of #Bitcoin grow miracles."

-Jean de la Bruyere

#Bitcoin #art:

Barge Haulers on the Volga (1870–1873) - Ilya Repin

The 🇺🇸US’s main export is money.

Other countries have to produce stuff to import stuff.

The 🇺🇸 can just print dollars.

The 🇺🇸 lives above its means, the rest of the world below it.

Because the basket keeps changing, CPI is a terrible way to measure inflation.

Its “flexibility” makes it easy to hide money devaluation.

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