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BitcoinMike
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@BitcoinMike23 on Twitter

when i see these articles i scratch my head about how little writers and even economists understand about Inflation, simply put it goes up forever, period! How can inflation be transitory if it's a mandate to keep it at 2 percent. Transitory for 100 years?

Let’s do some math

You have 1000 dollars

The standard inflation is 2 percent which means the next year 1020 dollars buys you what previously bought you 1000 dollars.

Inflation spikes to 10 percent now 1122 buys you what 1020 did.

If they bring it back down it’s 2 percent of 1122 which is 1144.44 (btw all they do to bring it down is raise interest rates to stop people from borrowing and sell treasury bonds that no one wants, what happens when no one wants those bonds) in reality nothing really brings it down.

It compounds constantly. Our brains do not understand this at all. Nothing returns to its original levels. So when I hear any politician talk about how they reduced inflation I think about how people think they can manipulate math.

Over a 7-10 year span prices double.

This is the same nonsense that keeps you paying credit cards forever. credit card companies don’t want you to pay them off, they want the interest and free money. They rent seek off people. Same with mortgages, you end up paying double for your house over thirty years. Ever pay a bill you feel like you’re paying down and next month it’s the same? Everyone has felt that.

Eventually this breaks because it compounds so rapidly that the consumer/market can’t handle it.

Here’s the truth, INFLATION SHOULDNT EVEN EXIST! Inflation only exists because of printed money, the corporation profits that we all complain about are the result of the printed money not the other way around because they own the hard assets that go up in value. Go deeper than just corporate profits. You can’t redistribute wealth in this system, the debt stack far too insane. it’s all a printed money illusion.

This particular issue is not a right or left issue, it’s a math and piping issue that runs far deeper. Simply put, you cant save a system from a system. All sides of the government will continue to print to avoid a credit collapse that would make the Great Depression look like child’s play.

the natural state of the world is deflation. more for less. your iphone in 1950s terms is a trillion dollars, but today you get it for 1000 dollars. The world wants to give you more for less but the printing of dollars wont in key areas like food, rent, groceries. Meanwhile TVs and tech get cheaper because they move at rapid deflation speeds.

Sharing this before I listen because I know nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu will continue to shine. Can’t wait to continue to absorb his message. nostr:note1q22ezsr90h6mh3ygydg8qq2v5dmg26zup57h6wptj7ykzzx3pw3q9wpcmw

There’s something in the bitcoin space my brain can’t process. It doesn’t eat at me, but it causes lots of thoughts about how humans view things.

Bitcoin is the money to end all moneys

I did some mindblowing math because I couldn’t believe this.

If you made $500k every day since the Great Pyramids were built, you would have less than half of what the U.S. Gov has borrowed since June.

I did the math on this.

Pyramids build 2550 BC

930,750 days plus every year after AD into 2023 plus 18 days in January 738,413 = 1,669,163 days since pyramids were built.

1,669,163 x 500,000 = 834,581,500, 000 basically 834.6 billion

According to data the government last year borrowed 816 billion from Jan- march of last year. In the final three months of last year they borrowed 776 billion so in six months they borrowed nearly 1.6 trillion.

This should tell you how insolvent everything is

I asked AI to make pictures of Peter Schiff as Gold Member

I could talk about Twin Peaks for hours. Hopefully your party takes place in the black lodge with the midget that calls himself the Arm lol

I talk about this a lot. I actually think my rejection of consumerism led me to bitcoin. Sometimes I think if Bitcoin hits some astronomical price would I even care outside of just helping people.

Don’t worry, 1 bitcoin is still one bitcoin.

How will we buy new bitcoin when it all leaves exchanges? Serious question.

Wild stat

Let’s say all bitcoins had to be divided amongst everyone on the planet

It would come out to .002625

Right now 111.36 cents

This doesn’t include all the bitcoin lost.

So play this scenario out, let’s say the world lived on a bitcoin standard

It would cost far less than 111 dollars to function on a bitcoin standard. The more people hoard coins the less it becomes price wise for the world to function because the market sets the prices

Mind blown

https://youtu.be/a-5aGArEhoU?si=le9gaTgfSBqTR9iD

A little behind on this interview but my goodness. Every person needs to listen to this.

nostr:npub1preu2djgj2ua47l277myu8ak30v95m6ar59n6k23tyu3ylkv53sskpeujk has the most wide range of guests and does his best to travel and stay out of an echo chamber.

This interview really affected me.

Been really down the AI rabbit hole as of late. Glad you posted this, people seem to have a lot of FUD about it, I also notice many Bitcoiners don’t see its relationship with Bitcoin. From the deflationary aspect or the straight need for AI to transact digitally secure. Bitcoin and AI have a relationship