Thus back to my question, what revenue streams other than mining are built into Bitcoin itself that people can use to stack? I don't think there are any, which means we have to show "proof of work" either mining or trading time to earn it directly. And if we are mining, every transaction including mining a block is a taxable event. At least until someone declares that they are not.
spending Bitcoin is a final option. if we build up a Fiat revenue stream, the goal is to never have to spend real money, and if we build that revenue stream large enough, we can keep buying.
you are correct, those risks do exist. and I accept those risks by using the system. if the rules were changed to erase the tax shelters of Roth accounts, I think the entire country would erupt. our congresscritters are stupid, but I don't think they are self destructive.
being an expat is not a tax shelters.
what income system is built within the Bitcoin network, at least besides mining?
"what if" doesn't pay the bills. until that happens, we deal with it by focusing on tax shelters.
I feel this. I'm not sitting on much, but my focus is to make o don't lose so that when family actually does need help I will be able to provide. right now, I'm not there.
can you give us control of what icons appear on the bottom of the mobile screen? I liked having Messages down there.
Now we just need one that goes to Facebook as well.
now we need something that posts to Facebook
And it only seems to work one way, and not with replies like this. Just raw notes. So, a step forward, but a long way to go. đ
Seems to work fine, although the screenshot image of the post via njump.me seems a bit excessive.
Just connected my Nostr NPUB to my X account via nos.social. Testing, 1.2.3.
Ah, so the download is IOS only, but the cloud service works regardless?
As an option, this would be great. But I wouldn't want it to be automatic. Having to go to the mobile app to do the zaps forces me to make sure I actually want to, if we make it too easy we might waste the sats on regretful things.
Would it be possible to build a bridge to X or Bluesky inside Primal itself? Where we would log in using our credentials, and we would be able to see the posts of the people we follow, and push replies and posts to the other services automatically.
Which is currently IOS only. I'm on Android mobile and Windows desktop.
build a bridge to X so that it doesn't matter which app we are using.
Android 2.0.21
#### đŠ The Origins: Where Did It All Start?
The concept of central banking isn't new. It dates back to the establishment of the Bank of England in 1694, which set the precedent for modern central banks (Check out [Bank of England's history](https://www.bankofengland.co.uk/about/history) for a deeper dive). These institutions were often created out of necessity - to handle war debts, stabilize economies, etc. But with great power comes⌠you guessed it, not-so-great intentions. đ°
#### đ¸ The Money Factory: Printing Out of Thin Air
Central banks have the magical ability to print money from thin air. Sound amazing? Well, it's alarming. This endless printing is explained under the guise of "monetary policy" to control the economy. But in reality, it's a method to fund government debts and inflate the money supply, which causes the value of your hard-earned money to dwindle. Poof! Your buying power is gone. Have a look at how [federal reserve balance sheets](https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm) have ballooned for evidence.
#### đ Fractional Reserve Banking: The Multiplication Illusion
If you're a banker, you'll love fractional reserve banking. It's like magic, where banks keep a fraction of deposits and lend out the rest, creating a multiplier effect. Imagine you deposit 100$, the bank holds just 10$ and lends out the other 90$. The person who took out that loan spends it and this 90$ end up on someone else's deposit. Rinse and repeat until your 100$ effectively created 1,000$ in the economy. This system fuels credit bubbles and ultimately leads to *bank runs* when too many people try to withdraw their money at once. Just ask those unfortunate souls during the Great Depression!
#### đ Chains of Debt: The Slavery of Nations
Central banks lend to governments, placing entire nations in debt. And who pays the price? You do, through taxes. Ironically, youâre not just paying off debts; you're also paying interest to these private banking cartels. It's a not-so-subtle form of modern-day slavery.
For a chilling summary, G. Edward Griffinâs âThe Creature from Jekyll Islandâ is a must-read. It breaks down how banks engineer boom and bust cycles to control economies and populations.
#### đ The Escape Plan: Sound Money is Freedom
Enter Bitcoin. 𧥠The only currency immune to manipulation by any central entity, Bitcoin offers a decentralized escape route from the clutches of central banks. They canât print more Bitcoin. They canât inflate it. And they definitely canât control it. Itâs regulated by math and network consensus, not whimsical policy changes by bankers in fancy suits. Want to understand more? Check out âThe Bitcoin Standardâ by Saifedean Ammous.
#### đĄď¸ What Can You Do?
- **Educate Yourself:** Read, study, and converse with like-minded folks.
- **Diversify:** Consider holding assets that are outside the influence of central banks, like Bitcoin.
- **Advocate for Change:** Speak out, support political reform, and promote community awareness about the strengths of decentralized financial systems.
So, there you have it, folks! The maze is vast, but thereâs light at the end of the tunnel if youâre willing to look into it. Knowledge is power, and it's time we reclaimed our financial freedom. đ¤
Feel free to dive deeper and challenge the narrative - every voice adds to the revolution!
#lookintoit #bitcoin #fiat #freedom #finance #soundmoney #scam #inflation #money
The Bank of England as a formal institution starts in that year, but the deflation of the Pound goes back to the 1200's.
Good outline to encourage further research.