Bitcoin and lightning easily avoid this.

100 years of loss.

Inflation is not higher prices.

Inflation is an expansion of the currency supply. Higher prices )declining purchasing power) are the result.

Over the course of a century, the dollar has witnessed a gradual erosion of its purchasing power. Inflation, driven by increased money supply, is a key culprit. As more dollars flood the market, each individual unit becomes less valuable, necessitating larger sums to buy goods and services. The dollar's reserve currency status has allowed the U.S. to amass debt, which, while manageable in the short term, poses long-term risks to its value.

All these factors combined illustrate how the dollar has experienced a gradual diminishment in its ability to buy the same basket of goods and services over a century.

Inflation is fundamentally an expansion of a nation's currency supply. It occurs when central banks increase the money supply, leading to more dollars (or any other currency) chasing the same amount of goods and services. Higher prices, the common consequence of inflation, are a result of this surplus money in circulation, as it diminishes the purchasing power of each unit, causing prices to rise as a natural response to increased demand relative to supply.

#federalreserve #government #inflation #bitcoin

On international relations:

“On the sixth day of Hate Week, after the processions, the speeches, the shouting, the singing, the banners, the posters, the films, the waxworks, the rolling of drums and squealing of trumpets, the tramp of marching feet, the grinding of the caterpillars of tanks, the roar of massed planes, the booming of guns—after six days of this, when the great orgasm was quivering to its climax and the general hatred of Eurasia had boiled up into such delirium that if the crowd could have got their hands on the 2,000 Eurasian war-criminals who were to be publicly hanged on the last day of the proceedings, they would unquestionably have torn them to pieces—at just this moment it had been announced that Oceania was not after all at war with Eurasia. Oceania was at war with Eastasia. Eurasia was an ally.”

Passage from 1984, when on a whim, a new enemy was declared. This book used to be required to read in high school.

#freespeech #grownostr #1984 #orwell #georgeorwell

"Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances."

In the context of the First Amendment of the United States Constitution, the phrase "redress of grievances" refers to the right of citizens to bring their complaints, concerns, or grievances to the attention of the government and seek remedies or solutions for those issues. This phrase signifies the government's responsibility to address and consider the concerns of its citizens.

What does a citizen do when the grievance is the size of the federal government itself?

The bloated behemoth that is the federal government has imposed itself on individual states, individual people...and expanded influence across the world to nearly every country. How does one dismantle something that is hard coded into nearly everything on this planet?

#constitution #freespeech #government #freedom #grownostr

VPN is a great tool for privacy, and mandatory for everything we do online. There are hardware and software options, with many companies offering free service.

Very few people care about privacy until that privacy is violated. Creating layers of proper privacy and security, when online, will spread an attack surface out. Potential attacks or stalkers will have to spend a tremendous amount of resources targeting someone. Advertisers will accumulate worthless information.

With a fairly new service, like nostr, VPN is a great idea.

#grownostr #privacy #cybersecurity #vpn

nostr:npub1lr2zzf989mvf393y0tv39ara6a4vddkd6y87z784up9vl6ks6j3qtudl6a

Cuba, like all the countries in the world, uses fiat currency, they do not use money. Fiat currency is a failed idea but the propaganda continues...

Worldcoin launched out of beta on July 24, 2023[12][13] with 11 orb locations in the U.S. and plans for 35 cities in 20 countries.[14]

In August 2023, Kenya, one of the first countries where Worldcoin was launched, suspended its enrollment in the country, citing security, privacy and financial concerns.[15][16] Worldcoin was previous ordered to stop collecting personal data by the Kenyan Office of the Data Protection Commissioner, but did not comply.[17]

Worldcoin launched out of beta on July 24, 2023[12][13] with 11 orb locations in the U.S. and plans for 35 cities in 20 countries.[14]

In August 2023, Kenya, one of the first countries where Worldcoin was launched, suspended its enrollment in the country, citing security, privacy and financial concerns.[15][16] Worldcoin was previous ordered to stop collecting personal data by the Kenyan Office of the Data Protection Commissioner, but did not comply.[17]

A slight modification to this, using a well known quote:

The best time to buy was years ago...the second best time to buy is now.

If one expects inflation to continue in the US ( currently we see no reason this WON'T continue) then in dollar terms, your purchase will "go up." Few real estate investors actually understand money, inflation and economics. They think the "price" is going up so the asset is more "valuable."

What is actually going on is the purchasing power of $1 is going down, therefore requiring more dollars to purchase the same piece of property.

I've had to personally explain this to so many real estate investors, often to blank stares or being called a conspiracy theorist, that one of my secret weapons against other investors was understanding money (not currency) and economics, both macro and micro.

Our work is mostly with real estate investors, please keep in touch and welcome to #nostr.

#realestate #grownostr #florida

Unfortunately, this happens not only with Ethereum, but with most investments. The critical question we always ask is ,"Why would you buy something when it's more expensive? Wouldn't you want to wait until it's on sale?" This is usually met with blank stares or a rebuttal full of technical jargon.

Human nature has a high degree of FOMO. Only the disciplined investor can remove the emotion, and remain consistent with a plan.

Unsound, dishonest currency has forced regular people to either learn to invest themselves, or trust "financial advisors" who promote only products they get paid on, and not actual sound investments that help clients.

As a former licensed professional, this was highly disturbing to witness firsthand, as well as the incompetence of other so called "advisors" who knew nothing about bitcoin, or any other crypto except the price. This led to the decision to leave that industry entirely and focus exclusively on areas that matter.

We started helping clients with data backup and recovery some time ago, and Kiwix was one of the first tools.

Offline backups are a crucial component of data security and disaster recovery. These backups, stored on physical media like external hard drives or offline servers, provide a lifeline when digital data is compromised. They safeguard against data loss due to cyberattacks, hardware failures, or accidental deletions.

Offline backups are immune to online threats, such as ransomware, which can encrypt or destroy online data. They offer peace of mind and ensure that critical information and memories are preserved. Additionally, they can be a legal requirement for businesses in certain industries.

In a digital world prone to vulnerabilities, offline backups are a dependable insurance policy, preserving the irreplaceable and invaluable.

You can also have this on a phone, provided there is enough storage space. A lightweight version of Wikipedia comes with no photos.

https://worldcoin.org/

https://worldcoin.org/

A brave effort from the few politicians who appear (at least in public) to have citizens' interest in mind...but likely will fail.

Europe is already underway:

https://worldcoin.org/

#cbdc #worldcoin #fednow #federalreserve #surveillance #privacy

https://worldcoin.org/

?w=640

You can also explore the recent launching of Worldcoin in Europe.

This surveillance tool has been happily accepted by millions of Europeans already. Not only is the currency controlled and surveilled, to get your "worldcoin currency" you must scan your eyeball into the device.

We do not use money today, we use fiat currency.

Money (gold, silver, bitcoin) can still be used, but privately. Money is not sanctioned by government anymore.

#gold #silver #bitcoin #grownostr

Many independent economic platforms have been talking about CBDCs for a few years. Yet, outside of the bitcoin community, no one has offered any alternative.

We think it is inevitable, but will the bitcoin community create an alternative economy so people cannot actually opt out?

#cbdc #bitcoin