Completely crazy that an unelected supranational entity can force countries to devalue their currency like this. We’re talking about the sudden loss of wage purchasing power for tens of millions of people. But you better do it, or else!

When you’re pricing #Bitcoin in a fiat contract that is being debased (slowly or quickly) you are thinking as a trader.

Ie - I’m going to trade my #Bitcoin (at some price) for a money that must be devalued further (at some point)

While you may win a short term on the “trade”, the truth is that #Bitcoin is repricing everything. (Just some things are holding their value better than others)

And picking up pennies in front of a steamroller is a pretty risky strategy in my humble opinion!!!

We just interviewed Fran Finney, the wife of Hal Finney. We discussed Hal, ALS and Running Bitcoin, the fundraiser she works on to raise money for ALS.

This interview won’t be out for a while as we will time it with the fundraiser.

How many politicians have returned the stolen money they received from SBF and his ilk?

I don’t believe that we shall ever have a good money again before we take the thing out of the hands of government. Since we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can’t stop.

F.A. Hayek, May 1, 1984

I could never get comfortable with appendix carry.