Bear with me, it’s a little long but I promise it’s worth it. (Skip to 1️⃣, 2️⃣, 3️⃣,💡and🔥 for the answer.)

First things first, a little economics lesson (for your normie readers) to establish my points :

📚Fiat is currency that derives its value from supply and demand, not an underlying physical commodity. The value of fiat money is determined by the government that issues it, and it retains its value through the stability of the government and the national economy. Fiat money is not backed by a physical commodity such as gold or silver and it has no intrinsic value. The value of fiat money is largely based on the public's faith in the currency's issuer, which is normally that country's government or central bank.

It is still extremely valuable (for the sake of this post) because:

1️⃣ it is the most cost-efficient currency to produce especially compared to a currency directly tied to a commodity,

2️⃣ it is extremely elastic (AKA manipulatable) and the supply can easily be adjusted/manipulated by central bankers, along with the interest rates to borrow said currency and

3️⃣ Fiat is highly portable and can be easily exchanged for goods and services due to its established reputation and existing relationships with government, tech and exchange rates making it an ideal medium of exchange.

💡However, the biggest reason it’s still so valuable is because the average joe either doesn’t know a better alternative exists yet and/or they are too lazy to put in the time to figure it out/switch over. Also, they can’t see through the foggy mirror of the existing system because of the illusion of time and recency bias, inflation slowly erodes wealth so the average person up to now doesn’t notice it, though it will get faster and more noticeable the closer we get to hyperinflation.

🔥All it takes is for the trust in the existing (dishonest/infinite) ledger to switch over to an honest, immutable, equitable and globally distributed one. Once the scale tips in the direction of #Bitcoin there will be no going back.

Sittin down for my second cup of coffee now. I've been out in the heat all morning so it feels good to be inside for a bit. Today I added the usual heavy cream and cinnamon, simple. Before coffee I was very thirsty from being out in the heat, so I had lots of water, but added some apple cider vinegar and some salt. I find that adding these 2 things to my water will quench my thirst much better than plain water. And some days I also use electrolyte powder too. Well I hope yall are having a good day, just thought I would check in during my break. #grownostr #countrylife #coffee #homesteading #Texasheat

The greatest accidental invention ever created by mankind, has been money.

No other great human innovations are possible without it.

Money is so powerful and so ubiquitous, that it accomplishes its extraordinary feat of cooperation while 99.9% of people have no idea what it is, or better yet, they think it works for the *wrong* reasons. In other words, it works in SPITE of everyone thinking it works for reasons that are irrelevant.

Unfortunately, the few who do know how it works, are often more inclined to place themselves into a position to cheat and break it, rather than make it work better.

Every other major invention that involves multiple technologies & resources from around the globe are literally impossible without the foundation that money creates. Its the innovation that precedes all other human innovation.

Money is the reason society exists. If you think that statement sounds silly, then you are the 99.9%. Unfortunately when you break the money, society goes with it.

#Bitcoin isn't a revolution in payments, it's a revolutionary innovation in the design and security of *money.*

Imagine using this protocol and not being a Bitcoiner yet👀

If I could design one of those "In this house, we believe" yard signs, I would want it to say something like:

In this house, we believe:

- Yeshua is our Messiah

- God is never done speaking

- Husband and wife are complimentary opposites

- Children are adults in training

- Homeschooling is just another word for parenting

- Bitcoin is the only real money

- Medicine comes from a garden, not a laboratory

- Humility is the capability to learn and change

You do you but steak is one of the easiest things to cook, 5 mins each side on a pan

Facts

THIS is what freedom feels like?! Haha ... ok

Nostr, I need some advice. I need a pair of running shoes. Before this year, I had never ran before in my life. My current shoes aren't cutting it. What should I look into getting?

Just realized you have to highlight notes to translate them lol. I thought the translate was just broken since the “Translate” link at bottom of notes wasn’t there. 😅😅

The first Nostrich who will tell why the value of fiat currencies is still enormous at the present time will receive 2000 sats ⚡️

[801861]