Do we have their gold? 😳
Turns out we do hold some of it 👀 🙄
1971 incoming 😂
I think some know they don’t and some know they are corrupt, but everybody wants their paycheck at the end of the day.
The Dutch government want their gold back, oh and also some Bitcoin 😂
That is debated, the debt is to the bond holders, who buy bonds expecting interest payments and eventual return of the capital.
The bond holders are generally other governments and institutions rather than individuals, so you could argue that they can afford to loose the principle if the Interest is paid over time.
Probably some can, but some can't.
At least, but also keep old fashioned cash so you can buy a loaf from the normie shop down the road 😂
I do actually keep a few hundred pounds of cash just in case.
In fact many shops in Ventnor are moving from card payments to cash to stop hemorrhaging fees to the banks as the economic climate declines.
A million single steps 👍
It's a very big sofa 😂
The household equivalent to that is loosing money down the back of the sofa 😂
We forget everybody is the same.
I remember the first time I realised how similar large companies and governments are to individuals. I've dealt with stupid companies and clever companies, I've dealt with poor and rich companies and I've dealt with ethical and unethical companies.
I've had limited interaction with governments, but from what little I've had, they are the same.
It's happening:
Already done, I have £20.20 left in my current account 😂
Bitcoin fixes this:
Neither do we 😂
Welcome
If you'd like some help about this weird protocol we call NOSTR I wrote some guides here:
I would start with this one here for some basic concepts:
https://mikehardcastle.com/2024/08/26/nostr-a-social-media-protocol-for-the-next-epoch/
If you have questions, the tag #asknostr is a good place to start.
Enjoy freedom speech and money.
V
What do you notice about Trump's “Presidential Wall of Fame” 😂
I'm currently sitting in my living room being entertained by you 👍
John Nash, a possible Satoshi candidate, says otherwise in his "Game Theory" thesis 😂
I'm not saying it'll be easy or quick, or that it will every happen, but it could.
Tel me your age without telling me your age.
Candid Camera 😂
Like a SeedSigner for NOSTR as well as companies 🤔
You didn’t want to be a young boy with a good singing voice back then 😂
The point I was trying to make was that privacy has become an arms race.
We didn't have guaranteed privacy before the Internet, but we had checks and balances. If the authorities had good cause to suspect you of being a criminal they had the laborious task of applying to the courts for permission to access your bank records and tap your phone line.
What the video shows now, with privacy tools such as Tor (and NOSTR), we have removed the ability for the state to conduct mass surveillance, at least for those that engage with privacy tools.
It is still possible to surveil an individual, but it requires enormous effort and resources which forces the state to focus on a few individuals of "significant interest".
It get's worse 😔
I think self sovereign identity is achievable with NOSTR, eventually replacing passports and identity cards. I explain why here:
https://mikehardcastle.com/2025/09/24/nostr-and-self-sovereign-identity/
GM
A live frog boils in water slowly without ever realising it’s dying.
I think Trump genuinely thinks he can deal his way out of debt.
He's taking over industry, Nvidia USA, Intel etc...
He's selling citizenship for $5M per person.
He's now charging $100K for foreign workers to come to the U.S. (H-1B)
Tariffs, up to 100% on some countries / goods to stimulate manufacturing and reverse the Triffin paradox.
But if not, then pegging the USD back to gold or Bitcoin would be difficult.
With regards to Bitcoin, I wrote an article about my concerns with this here:
nostr:naddr1qvzqqqr4gupzp6pmv65w6tfhcp73404xuxcqpg24f8rf2z86f3v824td22c9ymptqqxnzdenxgerjdeexqmrzdfkacyprc
The USD is a tokenised representation of wealth. It is not an investment scheme.
Bonds are an investment scheme with returns.
Bonds, however, pay interest, not dividends.
Normally both interest and dividends are paid from profits, but government bonds don't generate profit for the government, so they must pay them out of collected taxes or fresh printing. This is where the ponzi element emerges.
The money printing system is more analogous to rights issues within companies (i.e. when new shares are issued within a company to raise money).
You can normally do a rights issue when the company is under valued, but it would be possible to do when it is overvalued, but would be less likely for the rights to be taken up. I think this is the state of bonds right now.
At some point, the issued bonds will fail to sell at any interest rate. At that point the government will have to raise taxes to compensate, this will become draconian and will create rapid wealth depletion for those not able to escape.
Interestingly, I realised from examples like the Lebanon, that hyperinflation does not automatically mean the end of that states monetary system. People in the Lebanon conduct business in the Lebanese pound, but once paid, they will either spend immediately or convert that money into more durable assets such as USD, crypto such as stablecoins, shares, gold etc...
The Lebanese pound is a medium of exchange, but not a store of value. It is only satisfies 50% of the function of money.
This may be the eventual fate of the USD.
The moral of this story, people are clever and find ways around failure points.
When you’re “A President”, but not “The President” 😂
The money has been drained as profits, if you stop the inflows, people at the top have made profit, but nobodys capital exists anymore.
Generally the top rungs have made more profit than the capital they invested, so loosing that capital is not significant.
But for everybody else, they have gradually made less and less profit to cover their capital and so face ever increasing losses down the pyramid.
Welcome to NOSTR 😂
🫢
You are lucky to be in a region where home mining has the potential to generate profit. I'd verify those figures before you proceed.
In the UK, we are guaranteed to loose money 😂
Touching grass
nostr:note1pllrghvf67xr43em029mqka8trculq33d0u2vpn5e3y5m84qtnhsuwng72
There’s a Battle of Britain parade on at @Bury St Edmunds Bitcoin