what’s the app/site you learn the most from?

The gist of the problem is not banks, per se... but "fractional reserve" credit expansion by the United States (and other nation states) government.

Ever-increasing debt expansion beyond real underlying production growth is the root cause of monetary debasement over time.

Not "money printing," as is commonly stated.

The Federal Reserve is not the source of this credit expansion but, rather, the facilitator of ongoing Congressional misbehavior as the buyer of last resort of (unlimited) US government debt.

The great sleight of hand is the US government's ability to utilize the Federal Reserve to monetize it's own debt... covertly debasing the currency and stealing the purchasing power of its own citizens.

#Bitcoin fixes this.

We are told we need mass surveillance to protect civil rights.

We are told we need censorship to ensure free speech.

We are told we need bank bailouts to rescue the free market.

We are told we need compliance to protect science.

We are told we need rigged elections to save democracy.

We are told we need forever war to secure peace.

Is it child labor if your kids help out around the farm?

Or child labor if a kid is an actor?

What is the line when child labor is bad? 🤔

Believe your own eyes sir

I've been in #Bitcoin since 2013. I've been through bear markets.

We are entering a bull market again. For the third time.

It's all repeating. Newer Bitcoiner don't even know. They think bitcoin might not Bull run again.

But it will, it always does. It repeats!

Current potential for BTC:

- 1.8M BTC on exchanges

- 1.52M BTC left to be mined

- 1.52M+1.8M = 3.32M #bitcoin

- Global store-of-value market is $450T

$450T / 3.32M BTC = $136M per BTC

Bonus: AI etc will lead to huge economic growth which will increase the price of BTC even more

About to send an international wire transfer, and begin a multi day adventure of seeing when it arrives, if it gets held up, where it might get held up, etc.

It sure would be nice if it could settle in an hour or so. If only some tech could fix this. :/

because, according to all those macro experts, the effect takes 12 to 18 months to unfold. we are now a little over 12 months since they started hiking. we will see….i am also like you a little surprised. but you can see how the interest expenditures of the US is going crazy. they need their bills paid, and the cost is acceleraring

A few years ago, many of the Austrians claimed the FED could never raise rates above 2%.

Many of them stated it was a mathematical impossibility.

Rates are currently above 5% and it was one of the fastest rate hikes in history.

Was our timing off? Or is our mental model wrong?

What made this possible when so many felt it to be impossible?

What did we learn from this?

Do we need to start praising the MMTers?

Why are you on nostr?

I think we will see Greshams Law played out slowly over the next 20 years.

We’re going to win.

I’ll also be uploading to rumble but later 🤙