2025-11-14T02:39:28Z https://njump.me hubertusVIE https://njump.me/npub1924xzcxh5hal80afljr7sl7qsr6572y95e3qw0ejdstatsx7ma7sqj4f6r https://lh5.googleusercontent.com/SdtFsd3WMKXldepmteXf-eY4Pg-Um8V8e-1i-0f_5H9eRODik-qPGSPHaEjb1h2xkFLotUUGQ-YcidPzY7NwcXc=w16383 https://lh5.googleusercontent.com/SdtFsd3WMKXldepmteXf-eY4Pg-Um8V8e-1i-0f_5H9eRODik-qPGSPHaEjb1h2xkFLotUUGQ-YcidPzY7NwcXc=w16383 https://njump.me/nevent1qqs827ak04dpdfumwt4gwzd35qt9efpuf74gdxfwnn52j3qwy4chmugzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6qgndvp In reply to <a href='/nevent1qqsqpu6mpd2dcwz207q7xfhfeq4n80cldgdvt6p0aetlh6f258rh6ggln98p2'>nevent1q…98p2</a><br/>_________________________<br/><br/>That transaction rate is a very old status from many years ago. <br/><br/>Meanwhile with L2’s including non-custodial e-cash like with Bitcredit, transaction rates are pretty much unlimited, a multiple of what VISA and Mastercard can do not to mention: free open-source and censorship resistant. 2026-07-24T10:17:02Z https://njump.me/nevent1qqsg7se8n969fxeapgemhd45j3v0sarjyv4qxdmm7q4f0k75prg5tsqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6fdn5nj I agree with Verda Ventures’ thesis in their latest newsletter: <br/>&#34;Non-dollar stablecoins do not need to displace the dollar. They need to solve a specific problem inside a specific market better than a dollar token can.&#34; <br/><br/>Most importantly, this idea applies not only to stables but also to #bitcoin. <br/><br/>Why? Because stables, while less volatile, inherit all the institutional problems and political attack points of fiat currencies. <br/><br/>Even today, #bitcoin has important capabilities which stablecoins don&#39;t:<br/>- Bitcoin is nobody&#39;s liability, there is no issuer<br/>- It has absolute finality where stables can be seized<br/>- Jurisdictional neutrality in geopolitical uncertainty<br/><br/>And this is just today!<br/><br/>If and when Bitcredit Protocol starts taking root, it will naturally stabilise Bitcoin&#39;s purchasing power. Once stable, #Bitcoin will beat every stablecoin in the world, including the dollar. (NB: Unless the U.S. switches to a Bitcoin-redeemable dollar.)<br/><br/>The endgame will be one neutral asset and one censorship-resistant settlement network worldwide.<br/><br/> <img src="https://image.nostr.build/7f3d484898cdc37399b3344fbca6e0d9e18e7179bd31ed67ab85c5560595b0af.jpg"> 2026-07-24T09:43:19Z https://njump.me/nevent1qqst9e6tlu8jw7lzk5z3vd3dfw05h4g97ep5xt7c28jnq930kgm9tuqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6vas3wy The &#34;Global Trade Finance Gap&#34; is officially estimated at $2.5 trillion, but unmet financing needs of exporters and importers are hard to measure. <br/><br/>Gap studies typically use rejected applications, but roughly half of all rejections may concern non-creditworthy applicants. <br/><br/>The unmet demand however may not be the demand in rejection data but the demand that never materialises at all. <br/><br/>“If you’ve been rejected once, you may not come back to the banks anymore,” says Marc Auboin, Head of Trade Finance Research at the World Trade Organization.<br/><br/>In this scene a new option is rising: #Bitcredit Protocol facilitates direct trade finance between exporters and importers on decentralised #Bitcoin rails. <br/><br/>For the global production sector the new method promises relief against the increasingly dysfunction of traditional banking caused by geopolitical tensions, political interventionism and fiat system centralisation.<br/><br/> <img src="https://image.nostr.build/d32465333584abd1234a908a4c3c6e202a783238a896ee914f7401bc92a01367.jpg"> 2026-07-20T07:24:17Z https://njump.me/nevent1qqs8wfu4wtlnzk2apmr5hk22fcu255ngzvq4n8q992anvses6746knczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6kqvmvz Too few indeed. <br/>Bitcoin must become medium of exchange.<br/>Commercial credit, for real goods in the supply chains, is the way.<br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note1darngd722598yd8p7v9nvd4htj4s9y6jngk3229e6ltavm3x58jsm40z2f" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note1dar…0z2f</a></span> </div> At <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqsd0f68dvf98gvs9am9dp0lu0f4r7xzu2k89rm9tt448axf5tu6wlgphpy4c" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>BTCPrague</span> (<span class="italic">nprofile…py4c</span>)</a></span> <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgdwaehxw309ahx7uewd3hkcqpq924xzcxh5hal80afljr7sl7qsr6572y95e3qw0ejdstatsx7ma7sg3z838" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>hubertusVIE</span> (<span class="italic">nprofile…z838</span>)</a></span> presented the plan how #Bitcoin can monetise. It need two to tango: fixed supply money and elastic supply of commercial credit. <br/><br/>If you are a bitcoiner and work in the supply chains for real goods, Bitcoin needs you now.<br/><br/>It is buying and selling on trade terms that will stabilise #Bitcoin. <br/><br/>Too few know this.<br/> <img src="https://blossom.primal.net/688a182a03df956d3a2a195f4bae3f5932fd8824cb536bcee75e2e2cff974532.jpg"> </blockquote> 2026-07-10T07:43:39Z https://njump.me/nevent1qqs00vfflca6awsd5cnd9quffzxu7l7ds77rj7eyv9nu9cy2qmr0pcgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6gd80gj A bitcoin company in the supply chain!<br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note1h5ylhn3xt88u036zptvp79hzcsdt4hp9ceuzywg4vluv8ange7ls2r0pp3" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note1h5y…0pp3</a></span> </div> GM Crestmont Fabrics! <br/><br/>"A 40-year textile company is not the first place you’d expect to find a Bitcoin mining rig, a Lightning Network node, and a corporate treasury position."<br/><br/>"Our mining operation runs on DATUM — a sovereign template-construction protocol that lets the operator, not the pool, decide which transactions enter the block and what data is written into the blockchain."<br/><br/><a href="http://crestmontfabrics.com/bitcoin">http://crestmontfabrics.com/bitcoin</a><br/><br/> <img src="https://blossom.primal.net/fcae7b3d19b3e9addfab662b9ccb4ff7893be89b9f1ac90603807d5602a628f0.png"> </blockquote> 2026-07-09T07:28:08Z https://njump.me/nevent1qqs2j9j9cqp60hdr0kr2jhu3dm7z8lwp5qr03wp26lvu8puw9vm7lcqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6sfwu57 In reply to <a href='/nevent1qqst6z0mecn9nn78capq4kqlzm3vgx46msjuv7pz8y2k07xr7e5vl0c46djkr'>nevent1q…djkr</a><br/>_________________________<br/><br/>That’s very interesting! Are they also still active in the textile supply chains? <br/><br/>The textile industry was always a heavy user of the bill of exchange in the times of the gold standard.<br/><br/>Bitcredit Protocol is now available on mainchain, so there could be an excellent case study for the new electronic bill of exchange on Bitcoin rails. 2026-07-09T07:27:30Z https://njump.me/nevent1qqsdph5lsfw5mngnrp2ellue0n7kunjpm95t4n88cy77lmmk4r3kuggzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6ppxy2k Yesterday&#39;s Austrian Economics Salon fled Vienna&#39;s Hayek Institute in favour of a pleasant open air evening.<br/><br/>Stephen DeMeulenaere, accompanied by Scott Morris, shared their lifelong practical experiences with regional and alternative currencies, reasons for success and reasons for ultimate decline.<br/><br/>This holds some valuable lessons for the big job of overcoming today&#39;s disastrous nationalised fiat currencies and hopefully, the return to a sound monetary system and free choice in currency. <br/><br/>PS: #Bitcoin is our best chance as the economically illiterate political caste has no chance to mess up a Bitcoin Standard like they did with the Gold Standard.<br/><br/> <img src="https://image.nostr.build/b3127e90eccc07de6913491b4e86584924ee5b0c30db6ed9896ddbe663861140.jpg"> 2026-07-03T07:30:23Z https://njump.me/nevent1qqs94s8acl8h3q3vvq8d2ttr0mqrzglpf6sytz3e2wjsa0kv0gp8nvczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6n8zy4w So, you want to understand how Bitcoin can become a true money, a medium of exchange? And what&#39;s next? <br/><br/>Bitcredit Protocol has three talks at @BTCPrague this week, the first is on the Main Stage at 17:20 on Thursday. See you there!<br/><br/> <img src="https://image.nostr.build/54100fc6b07840a2e6d363afdeb403e478deaa6b461558b9ff9a8bce9e226ea6.jpg"> 2026-06-09T08:34:19Z https://njump.me/nevent1qqsvq5g4nsxhvm98nhndvqf3y69ma7ufu87gzgahys8ak9eklcpzz7gzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6f9hjt2 Madrid 🇪🇸 is quite odd, when it comes to #Bitcoin. <br/><br/>When one asks in Austria: “Can I pay in Bitcoin?” one gets just a simple “No.” a blank glance.<br/><br/>In Madrid it’s: “Noo” *giggle* Had this four time yesterday. <br/><br/>I think this can change, but we must get some global supply chains on #Bitcoin. Real economy. 2026-05-10T11:11:38Z https://njump.me/nevent1qqs80r8tvede37gxxp58k5ghvs0yd9aqt3vl2ep8vrmphc0qgue8cpqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6hcsmq4 Here is an interesting project to review, now that <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/npub1eajvs8x67vmzsnwaf9ltfgt59e6acmeztx9shduewvfgwftx8ahsagcd93" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>Bitcredit Protocol</span> (<span class="italic">npub1eaj…cd93</span>)</a></span> moves supply chains onto Bitcoin rails.<br/><br/><a href="https://github.com/cbonoz/consensus-grow-18">https://github.com/cbonoz/consensus-grow-18</a> 2026-05-03T08:46:45Z https://njump.me/nevent1qqs2cqkl7rlak7tvwvtxgqjxvhy30ncpnttzfvzfug5lrjsgqpsnhlszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6lurhjm In reply to <a href='/nevent1qqsgu2ffn7jm3cz7f3uzlkektpw5ry9sw2svf2ec7wgfr5r7jmk7rrqs5rqxl'>nevent1q…rqxl</a><br/>_________________________<br/><br/>If they were we’d be dead already. 2026-04-19T06:54:51Z https://njump.me/nevent1qqs0w3zzs3gk4u9fsv6dy7g2mj6kwexu5k52aqffmcpzvrw8m24ar4gzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6sm6rwg In reply to <a href='/nevent1qqsfpxy5aeggewxvs0vmexpc5h2lmngvw8fhvffl3xg69nct5jyuhvs560fc5'>nevent1q…0fc5</a><br/>_________________________<br/><br/>“What’s a bill of exchange?” you ask?<br/><br/>The Bill of exchange is a peer-to peer credit instrument freely issued between merchants, proven for centuries, before intermediated fiat banking was pressed onto us by law. <br/><br/>Trade and higher order production cannot not run on money, it runs on self-liquidating credit. <br/><br/>Remove it, and the real economy breaks down. Or, as in the case of Bitcoin, trade and production are prevented from adopting Bitcoin as a finality asset. <br/><br/>Bills are private credit issued ‘against value’, goods in the supply chains of the real economy. Bills are negotiable, non-fungible, non-divisible, ‘raw’ credit money. The goods are ‘proof-of-work’, or more correctly: savings by the creditor. <br/><br/>Without value, credit money is just out of thin air, unbacked fiduciary media. <br/><br/>PS: Regarding ‘open credit’ two important matters:<br/><br/>1. If you hold sats, that credit fine, it’s not ‘real credit’, it’s just a plain loan. <br/><br/>2. If you intended a negative LN balance (which I trust you do not) that’d be inflationary, like a demand deposit in fiat banking. <br/><br/>Hope that clarifies. 2026-04-06T07:46:16Z https://njump.me/nevent1qqsxs7lkezazfvvh7jk2q72g0e4h4da2jdpwx7xk6mcy7s4gpx3d7dgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6xhdvt0 In reply to <a href='/nevent1qqsg99y56dt9zyfs72u7ness4q2nnfl47yctvtcc5wpaphvluttgnuc0d59jt'>nevent1q…59jt</a><br/>_________________________<br/><br/>If you want to understand the debt to equity difference: it is in the nature of the institution. <br/><br/>Equity requires knowledge, involvement, and a high level of attention. <br/><br/>With debt you can economise knowledge and time, it can even be used to use money of widows and orphans. 2026-04-06T06:39:36Z https://njump.me/nevent1qqs2w57y0nq72pkku6hf7q8u5320tsufk8sz4qaz38fzdk763tcg8tszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h66e6xcd In reply to <a href='/nevent1qqsqqqq0wznjwudkh4mcx4nqc4vdf04f38kxg439nkkhc2d7r773nlqspxap2'>nevent1q…xap2</a><br/>_________________________<br/><br/>Today’s Bitcoin ETF’s are a temporary aberration. Once Bitcoin monetises and stabilises, it’s just as silly as an ETF which proposes to invest in Euro bills. 2026-04-06T06:35:06Z https://njump.me/nevent1qqsqgcgkc05wqjk8t8s7lqcxlm3j0vekyl8lgp0qcvze29fr7zy2llgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h630urne In reply to <a href='/nevent1qqstyjc8gpv3s49vce7g88gpaussxplhuy4mn6vjvy446gzt3kuv8qsywg6ud'>nevent1q…g6ud</a><br/>_________________________<br/><br/>Answered under your post. Werner is right on the commercial bank layer but endorses central banks as production layer of credit money. That’s central (pun intended). 2026-04-06T06:30:49Z https://njump.me/nevent1qqsdtc9cuye8vy6leksprlrrrwk9jgkqnts2c4afk5c99mujh5l5xsgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h60ly6l9 In reply to <a href='/nevent1qqsr030ukgw0tvlxrmk47dcdykqv6fc5hdss5ku9g86uuh4c8457jscq6unc8'>nevent1q…unc8</a><br/>_________________________<br/><br/>Sure, there are quite a few things to agree with Prof. Werner. <br/><br/>My main difference with him is not in banking, the need to limit bank loans to production not speculation, or in decentralisation of banking. In this, we roughly agree.<br/><br/>The contention is in the production of the money to be used in banking. <br/>Prof. Werner wants better rules for central banking.<br/>I want central banking abolished.<br/><br/>In my framework, issue &#34;banking&#34; is no banking matter, the types of banking must be legally separated:<br/>1. Credit minting (~issue banking) &gt; Commercial banking &gt; Investment banking.<br/>2. Credit for production must be decentralised, peer-to-peer, and subsequent credit money production (minting) must be private, denationalised.<br/>3. Credit money must be redeemable in a self-sovereign digital commodity, the best candidate being #Bitcoin.<br/>4. Finally, we must build an unsurmountable firewall against any nation state interference in base money and credit money production. 2026-04-06T06:17:39Z https://njump.me/nevent1qqsrrfaprmrplzqx3n720p23fev6c3yl74ju2rhkrnq7my0q77gll7gzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h64e26x3 Prove Mises wrong.<br/><br/> <img src="https://image.nostr.build/b133d97848654b9648ffd7158c2befc9cfe1fceda7d716e8644cea05cb873151.jpg"> 2026-03-22T13:47:55Z https://njump.me/nevent1qqsqwl8ux2fsddvpjrhqa8uvr2p3kws4f644xx322ngzh9nh7mnkmfszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6r98kmn In reply to <a href='/nevent1qqs9h3c9g7zzx60rzyj9pjv43kl5yhd72unj3qs0vuczxeqmewczvsqa76xsa'>nevent1q…6xsa</a><br/>_________________________<br/><br/>I hear that wrong belief often. <br/><br/>But fiat money is monetised government debt, thin air. <br/><br/>Goods move through credit. Goods itself are proof of work. Goods back trade credit which is self liquidating upon the goods’ sale. <br/><br/>It is crucial to understand this. 2026-03-21T17:48:03Z https://njump.me/nevent1qqsrp6204z7f70sxm5n7k26eq4lqsyh85c7we4lqhtpyjgfan9609cszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6frhey9 In reply to <a href='/nevent1qqsqqqpath8kd24mlhx806swd9ueraqzkcwra20wqllqp5k299ztj7susr5hp'>nevent1q…r5hp</a><br/>_________________________<br/><br/>Thanks for finding Bitcredit intriguing and from your article we seem to agree that institutional adoption is what matters now. <br/><br/>The most important institution at this stage of Bitcoin, more than the ETFs, are the Bitcoin Treasuries, specifically those which aim to put bitcoin to work with lightning channels and credit mints, and not just abuse the fiat flywheel, which was a temporary aberration. <br/><br/>And yes absolutely, Bitcoin rails need to be reliable, build a credit graph for trust, and grow the liquidity superstructure which will reliable dampen volatility to an acceptable level. <br/><br/>This will take time and hard work. After talking to Bitcoiners all over the world I sense that a good portion of us is willing to put in the effort. <br/><br/>Fiat must end. 2026-03-21T13:33:27Z https://njump.me/nevent1qqsy85k6cnggvw3amy5uufpvdxsz853arx6c5wumg5vwvyk47h0ejaqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6lywnqr In reply to <a href='/nevent1qqsve4ekt77my9q2qvyv5xzj7vf3zrueaf5jqd5q2255kzpel4lsntqs7xgdx'>nevent1q…xgdx</a><br/>_________________________<br/><br/>Ok on practicalities but what’s wrong with the freedom from self-sovereignty? Crucial IMO. 2026-03-21T12:17:48Z https://njump.me/nevent1qqsfh9u425fpwcrh5ghcrn977vp0kagpgdkadx7zj3xznssrueyltngzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6qxpxr5 In reply to <a href='/nevent1qqsrxnzj520wl929zwm7jsq69d30z88xnatwewm2fwscg4qw5gx4hsge7eygy'>nevent1q…eygy</a><br/>_________________________<br/><br/>Where’s Peter? 2026-03-21T12:12:07Z https://njump.me/nevent1qqsvukz72z9t9sw6rg00fq4vdukdnm73sx5c0m6hcku8ay7sgtawx9gzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h64rgyr0 Trade runs on credit.<br/><br/>The superstition against all forms of credit in #Bitcoin stems from the almost complete absence of businessmen in Bitcoin. Far too few of us know about the production and supply chains of real goods.<br/><br/>Yet, it will be always held against Bitcoin if, unlike fiat, it cannot do its work in the real economy: money for the redemption of current trade credit, also called &#34;currency.&#34;<br/><br/>Bitcredit Protocol now adds the currency layer which will make Bitcoin usable in world trade:<br/>- geopolitically neutral<br/>- unbureaucratic and fast<br/>- efficient and cheap<br/><br/> <img src="https://image.nostr.build/7b70534695013a4d2626f7e5bfc09226ff213c9587c85b056e025cfcfb987754.jpg"> 2026-03-21T11:42:41Z https://njump.me/nevent1qqsgclaveynt2yyyt2v7237cugqhw40kmjhc4ylwqqmknr0356m8mwczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h630c952 I wonder if (m)any Bitcoin maxis really understand Bitcoin? <br/><br/>Or are they just chasing the dream, without knowing what it takes to bring the dream about. That’s naive. <br/><br/>Or do they only plot on NGU, when more and more capital flows in. That’s greed. <br/><br/>How many know the real workings of a monetary system?<br/><br/>Consider the “Folly of the World”.<br/><br/> <img src="https://image.nostr.build/0ad7b36f00d82b9858996db96ca2df6d7ec02880c5fd401d4475d49432a63e09.jpg"> 2026-03-21T08:59:19Z https://njump.me/nevent1qqs0dchqm9zxfeat530jylhwsxfvpgvkj9z3wrrl9ncruhfskjwp5eszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h60eu869 It doesn&#39;t surprise me that the politicking for the foundation of the Bank of England in 1694, was to be kept from the public eye. <br/><br/>To my knowledge, this pamphlet from 1665 A.D. is the first proposal ever for currency out of the thin air of budget deficits. Then they waited for a war ...<br/><br/>306 years later, Nixon finally ended the international gold standard. Gold specie disappears.<br/><br/> <img src="https://image.nostr.build/7eee6680bb087a1c8fd4ab3c9a91ed6cf794b05c882f7fc6f95b7c6ad3dc857a.jpg"> <br/> <img src="https://image.nostr.build/d2482dd9d88a8c80b750660b6345a7962d94f283a3b89c64d2cf40b66b266394.jpg"> 2026-03-20T20:55:19Z https://njump.me/nevent1qqs0x3nse9g9wzrgg3f9xxh9yxg9wk7wf2hn74y9l7pqv2c8r7xvscgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6fz5r2d Join me on 27 March for our next <br/>Austrian Economics Salon CVI <br/>at the Hayek Institute in Vienna. <br/><br/>Topic: Does AI mean the end of work?<br/>RSVP<br/><br/><a href="https://www.meetup.com/austrian-economics-vienna/events/313811771/">https://www.meetup.com/austrian-economics-vienna/events/313811771/</a> 2026-03-18T22:37:47Z https://njump.me/nevent1qqs0nfg7lnlsvxlhrtkcz7umcxjudgdt32wrq8czmqu022vw0nnuh3qzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6lk6d3t In reply to <a href='/nevent1qqs2u25fq76vq4zy3uwm7sge37xkcp3qz63z4pnsd9q8kjlmlc6frksjrkw9t'>nevent1q…kw9t</a><br/>_________________________<br/><br/>It does not need to be fancy.<br/>Less is more. 2026-03-09T11:10:12Z https://njump.me/nevent1qqszsa34v85n5ha4ze0eumcrq43dp0st9eta27jh20xe3q09rzpc5nczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6d9kyg7 In reply to <a href='/nevent1qqsrfeezk5kewg6napfn777la9unvurhvzlfnfls6z2tfxdznyn568ssv7gkw'>nevent1q…7gkw</a><br/>_________________________<br/><br/>Indeed! 😂 2026-03-06T08:14:35Z https://njump.me/nevent1qqsx8tfh65hvlkz9py5fh4xpvhvt4pper9qvp75pq4syzw0z8sp472gzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6dtkljp What a letdown!<br/><br/>In “Confessions of an Economic Hit Man”, John Perkins <br/>@JPerkinsAuthor<br/> initially recognises the huge geopolitical problems caused by fiat currency printing correctly.<br/><br/>He also describes how some crony corporations have grown to abuse the fiat system. <br/><br/>Unfortunately, his analysis is misled by his anti-corporatism ideology. He fails to see the root cause, thinks it’s “the dollar”. Not so: Cronyism is a consequence of bad political system, a symptom of its construction mistakes.<br/><br/>Then he presents his solution: the next fiat currency. 🤦‍♂️ <br/><br/>“In fact, today the existence of such a currency is no longer hypothetical; the euro entered the international financial scene on January 1, 2002 and is growing in prestige and power with every passing month.”<br/><br/>Anti-climax!<br/><br/>A currency must be honest and then will not trigger Perkins’s “corporatocracy”. But it must be sound, redeemable in a hard commodity, untouchable by politicians. <br/><br/>The Euro is worse than the dollar ever was. The EU is a troubled, failed political system, visible after its short existence. It kills honest businesses and creates poverty, regulation by regulation. <br/><br/>Gold failed. Bitcoin could restore honest currency and honest debt redemption. Politicians have no power over Bitcoin, not even its internal politician types. <br/><br/>Only when Bitcoin touches fiat politicians can abuse their legal power, which is not possible in a circular Bitcoin System. <br/><br/>That’s the one I am trying for. <br/><br/>The dollar and any currency can be honest, will return to honesty, once it is redeemable in Bitcoin. And now we can even have a native Bitcoin currency, no politicians at all.<br/><br/> <img src="https://image.nostr.build/c0d521452a2de4f0c5431fb713306f8b5a9d11e6c5b5dbdf9d8845fa1cc95713.jpg"> 2026-03-04T08:11:00Z https://njump.me/nevent1qqsyckr3ffesh0ap4n8mtk2qa05jgrd0vhatnpfm6udqj0zczsyygzszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6jcm9s8 In reply to <a href='/nevent1qqsfdss8p3vj4rvh9y64pa3drdu5vtyxu25cyzflxa7tkn8kqq2pe6s0up7j8'>nevent1q…p7j8</a><br/>_________________________<br/><br/>This: 👇<br/><br/>“Spam is, by definition, low value junk.”<br/><br/>Correct. Low Value. That’s why spam is best solved by costing more than this low value. Limited blockspace means cost goes up with more volume. <br/><br/>Evidence for the quixotic failure of technical methods you‘ll find in your email inbox. 2026-02-24T13:02:32Z https://njump.me/nevent1qqsfv0xra7gtlgt7jle9y7pkgmkqp78m84nm28ee9guj48dcdwgge3gzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6pmxc39 Most think than an elastic currency for Bitcoin necessarily means having a Central Bank. <br/><br/>That’s like thinking that an economy on Bitcoin must needs a Soviet Gosplan.<br/><br/>No such need. Just free markets. 2026-02-24T12:47:16Z https://njump.me/nevent1qqs2pm86fat96jxwefn9vuxdgttywp9gexl8mpsgfcu2khtgh4myswczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6uq44vn How do you recognise a self-centred politician?<br/><br/>Do-or-die, he insists on the fiat system which helps not the people but only his caste. <br/><br/>Do not elect them anymore! 2026-02-21T09:56:43Z https://njump.me/nevent1qqstc2q97q6a22u2v5dpqnd0matlvl2lnmlxgr33994vmx3jrcm8raszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h63a6xmt Economic Law is sometimes slow but it always works.<br/><br/>Politicians’s Law cannot override it. <br/><br/>That’s why I am 💯 percent sure that the fiat money laws will ultimately be repealed or sidestepped by #Bitcoin.<br/><br/>Fiat money will go down just like socialism did: because it brings poverty and misery. <br/><br/>Legal tender: Repeal!<br/>Central bank monopoly: Repeal!<br/>Payment censorship: Repeal! 2026-02-21T09:41:43Z https://njump.me/nevent1qqs2alwyyzvv42lw6cwlhv49srj2reguq0j9qdehhpqk5yygfrmyqhczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6z75ame Money is fixed.<br/>Currency is elastic.<br/>It takes 2 to tango.<br/><br/>Get it? 2026-02-18T08:35:53Z https://njump.me/nevent1qqswhhu4w2zpg7tsyrzty6xan4558fc24d8q9n8d465zzpg67jkggaczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6ksfavz In reply to <a href='/nevent1qqsxwk6vcadx426rtthevc450za5hmn4p56u70l4ed9w3kvew7gcmwsy6xgrf'>nevent1q…xgrf</a><br/>_________________________<br/><br/>Search engines are so 2000.<br/>Leapfrog to AI. 2026-02-17T12:15:16Z https://njump.me/nevent1qqs82j8j4s2p270ywwus4yqjpu2qjrw6qmqtxmt9mafgnlfcnjkmhgczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6t2wf4s In reply to <a href='/nevent1qqsz472h0c3s369epfuhftfxg02luxhy7p80g0v9e9mn0sxs9lp2a3szstgv0'>nevent1q…tgv0</a><br/>_________________________<br/><br/>Off topic. 2026-02-17T08:53:33Z https://njump.me/nevent1qqs8scxpkxcvun6ce35y4l2ka4mnptwnav5l39035ualzpjye7ha0lgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6rwmmw7 #Bitcoin is a speculative asset.<br/>Currently.<br/><br/>It will be a stable money.<br/>Soon.<br/><br/>All that&#39;s missing is its currency layer.<br/>#Bitcredit Protocol is building it. <br/><br/>Open source, permissionless.<br/>Join the <br/>@bitcr_org<br/> community to make it happen.<br/><br/>The project is looking for Bitcoiners in the real economy,<br/>Producers, Importers/Exporters, Traders,<br/>For simulating supply chains on Testnet.<br/>Reward.<br/><br/> <img src="https://image.nostr.build/14ef0e4b7925cae2b9e15810b21fffe5b364aa10ed1b2ae1ba5b7c3315c8402d.jpg"> 2026-02-17T08:51:01Z https://njump.me/nevent1qqsff02wh0jr4psejqxsnf9gpaxjfzw44vkw454rhehs5w4ze4rkrrczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6vdsqmk It may sound strange for #Bitcoin Hodlers <br/>but hoarding of money is a certain loss. <br/>If we do because we expect to it to rise, <br/>it is not a money, but bought for money.<br/><br/>Ancient wisdom:<br/><br/>&#34;How very a little time Money stays in a place; <br/>and altho&#39; every one desires to have it, <br/>yet none, or very few care for keeping it, <br/>but they are forthwith contriving to dispose it; <br/>knowing that from all the Money that lies dead, <br/>no benefit is to be expected, but it is a certain loss.&#34; 2026-02-15T23:54:38Z https://njump.me/nevent1qqsxavva707erq2h5z9auhz64ua9mhkxu8l3pe2pqf6p7hd2v2hxw0szyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6vld62s Technical scaling is not the problem in #Bitcoin. The tech for scale exists and the market values it less and less.<br/><br/>I think the real challenges are:<br/>- Monetary scaling<br/>- Non-custodial<br/>- Censorship resistance<br/>- Better privacy<br/><br/>These are the criteria for building Bitcredit Protocol. 2026-02-15T13:21:37Z https://njump.me/nevent1qqs8wp7z28jr2llcxa769553g3q77tvryuupcu4lft3n037eughm9nszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h67r7a0x In reply to <a href='/nevent1qqstn78k39s43uq598xm2fwc63w9l73fuqkcs4gdpppal0qjq56kwrcqda5d8'>nevent1q…a5d8</a><br/>_________________________<br/><br/>Saifedean Ammous fails to understand:<br/>1. The difference between money and currency (Urkundengeld).<br/>2. The elasticity of currency supply. <br/>3. The difference between divisibility of money and elasticity. <br/>4. The difference between deflation with productivity growth.<br/>5. The Reverse Cantillon effect of deflation. 2026-02-12T20:27:10Z https://njump.me/nevent1qqstn78k39s43uq598xm2fwc63w9l73fuqkcs4gdpppal0qjq56kwrczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6cj22cc Really? Nobody?<br/>Nobody?<br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note1scgyw7kc8pwf3un59qh86dhedw9wnjrfu9e6jquqkykpp8rnnpjs0murfu" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note1scg…urfu</a></span> </div> QUIZ: <br/>One of these authors fails to understand the teachings of Austrian Economics on the role of an elastic supply for a stable currency.<br/><br/>Who is it? <br/>A. Carl Menger<br/>B. Ludwig Mises<br/>C. Friedrich Hayek<br/>D. Saifedean Ammous<br/><br/> <img src="https://image.nostr.build/45ba4573ddaceab973d7497b2cd755f8e9b6eedcf1a392dca628cf461465a5bc.jpg"> <br/> <img src="https://image.nostr.build/6677d7ecf352f956f0c61bc5ef790ae6ad4af934859e27543747cce1eed33b8f.jpg"> <br/> <img src="https://image.nostr.build/581b566eec48086a52b2316b0637da541955fc3ba0893a88362455a31f4fd4e4.jpg"> <br/> <img src="https://image.nostr.build/0d2552ff8229094c720c57b650535481fa60a9d74c179cb04bbf051c70d625e6.jpg"> </blockquote> 2026-02-07T23:41:13Z https://njump.me/nevent1qqs925xr4emuznudg5jvrdlny5mjxs5f7a3nu39zt27405l6pn6llmgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h622q8wy Pretty Good Privacy “PGP” is taken. <br/><br/>Considering “Reasonably Good Privacy“ for Bitcredit‘s non-custodial e-cash layer on Bitcoin. “RGP”? 2026-02-07T13:11:26Z https://njump.me/nevent1qqsq04qxjx5j9lxkh7h5hez5jvnqt3fpc5pdhkyy2jh2mjmwhk0zkxqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6z9n5fx In reply to <a href='/nevent1qqs8xk7ehduksyfzde2pkes47mskqpqg5sepv8cv7qj2yjyrel3x70gscpx4y'>nevent1q…px4y</a><br/>_________________________<br/><br/>Plausible. What’s unclear still is durability of npubs. 2026-02-07T13:07:18Z https://njump.me/nevent1qqs0ucf3l5vucjgchknqjaqpjuqulpaqu4824hp2t9y7g5mnhwc7t7szyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6zaqav4 In reply to <a href='/nevent1qqsz45qmcy3dnaxa567d3c25me67yqq8rd2rs3f8evjd5sjraw24n9cwp3un3'>nevent1q…3un3</a><br/>_________________________<br/><br/>Cool. <br/>This one’s message is WYSIWYG though. 2026-02-07T13:05:51Z https://njump.me/nevent1qqsgdutdj42mwul2fsk3yqrwas2zmw9vcval9z8t04fc3063jp3yxlqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6w2fpwn In reply to <a href='/nevent1qqs96j68v3tmeahdwkeat27gh02w5fs0rhlmxhavch8lu57trg36des200h0u'>nevent1q…0h0u</a><br/>_________________________<br/><br/>Because of the range Lo 10 - Hi 40 gold coins since 2021 when El Salvador declared it legal tender. That’s the most recent signal for MoE we have seen. <br/><br/>The baggies’ NGU/SoV narrative dominated since then, including Trumpian hopium of SBR statism.<br/><br/> <img src="https://image.nostr.build/445a1372ae0fbeda98b690c97ec924161612f29c84cacdaa34e5b8e69a774ae8.jpg"> 2026-02-07T13:01:33Z https://njump.me/nevent1qqsz6qf8p3a2y7xkrctkllvncx47wsnn43lw6sd926pwuk0uaqtw7vqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h60k9phr In reply to <a href='/nevent1qqsrvrcl40fdagfexcsjex5gz8t5gxxne86fwhtkksff6zuy68kvx4q950dtk'>nevent1q…0dtk</a><br/>_________________________<br/><br/>Yes, indeed. e.g. 1 Troy oz US Gold Eagle or 1 full Austrian Philharmoniker. <br/><br/>Easiest for former gold bugs and useful when thinking about pre-1913 sound money purchasing power. 2026-02-07T11:48:39Z https://njump.me/nevent1qqsvpsfajkz6glg5jp0vk7dcazzgh75r20q5t6cy5k7qm93z0h6wn6czyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6kamqrn In reply to <a href='/nevent1qqs2y5cg2zupzzhlwt4z97k83zddeayym4tk3hwfmxkfh39c50t4u7cgjqksh'>nevent1q…qksh</a><br/>_________________________<br/><br/>Gut sense: <br/>BTC will test 10 gold coins. <br/>$50k. 2026-02-07T11:40:09Z https://njump.me/nevent1qqsya74px7s8haz422tsuftrhudhnxhqfxdut2n5xe6u4grjs65ph2gzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h643sut2 In reply to <a href='/nevent1qqs9k49k8gkn24wjzgy8ajhe6d4scyxnc83d0aj7jrxpa3t5ru3hh9gq69jda'>nevent1q…9jda</a><br/>_________________________<br/><br/>Fiat ATH I consider irrelevant. <br/><br/>Convinced Gold ATH (40 coins in 2021 and early 2025) can only be reached again by significantly raising the probability of (or succeeding in) becoming a medium of exchange for real supply chains.<br/><br/>Circular. 2026-02-07T11:38:54Z https://njump.me/nevent1qqsr7sjqlctm7keh57u689jhsdrd6xrfhuya5zn3zpxrn44ah0yj9dqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6xrp4up Building a decentralised open peer-to-peer system (i.e. Bitcredit Protocol) in a complex field like a monetary economics is quite exhausting. <br/><br/>Even with a stellar team.<br/><br/>But centralised would be totally futile. It would soon be turned into just another fiat money. <br/><br/>So we slog on towards Beta. 2026-02-03T19:48:50Z https://njump.me/nevent1qqsvhyrqh62r72u2e8d8mxu3qptvwsj4gy7vjw4zsksum6dlkzh5q7szyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6r7f8jm Is Bitcoin a money or a currency?<br/><br/>If you answer correctly I will follow you. 2026-02-03T00:06:53Z https://njump.me/nevent1qqs8yxvnqz2kn0as9u94txdjfzsjpdkshgd0ujjfyjve94502fj2quczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6405m44 In reply to <a href='/nevent1qqszrgmsaxd2dtszd94h7ygwcjz08jwsf52e7uhzcwnuyfd0367fdwggvlpl0'>nevent1q…lpl0</a><br/>_________________________<br/><br/>Big question. Needs a plan and a book. 2026-02-01T18:14:27Z https://njump.me/nevent1qqszkvkdxlkdkztqgz47f0xyykvfnmk3lw2l4s5hql9a2l37f8l24pczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6ux938y In reply to <a href='/nevent1qqspu07my2lngzs27wwpud4swky46c47gnypk07hdlw3n4dx0zr5lzc27lny2'>nevent1q…lny2</a><br/>_________________________<br/><br/>You may want to check your capitalism. <br/><br/>It opposes government subsidies, interventionism and overregulation. “Elites” are a political privilege category. <br/><br/>They are all typical of socialism, worsening socialist creep, captured by politician fat cats and cronyism. <br/><br/>Capitalism is meritocratic. 2026-02-01T14:41:14Z https://njump.me/nevent1qqs0ygk66k2vsfesvz6y6w2sgrsx2kpf2azgnhx9yhwu7wsu4gqjadczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6979l6v In reply to <a href='/nevent1qqs9s6t5dmj0fd2cp6cd8ndze73xd3l3x8l7u8hc9z3ve0ze4z68rnc38gxxm'>nevent1q…gxxm</a><br/>_________________________<br/><br/>First-principles rule:<br/><br/>If you reuse a symbol, you inherit its priors.<br/><br/>You don’t get to selectively import only the aesthetics.<br/><br/>The Antifa Aktion symbol is a highly compressed ideological package:<br/> • anti-capitalist<br/> • pro-state intervention (even if rhetorically “anti-authoritarian”)<br/> • comfortable with coercion as a political tool<br/> • aligned, de facto, with fiat systems, subsidies, and centralized power<br/><br/>This matters because symbols do not invert easily. Irony is expensive and unreliable.<br/><br/>If you reuse a symbol, you inherit its priors.<br/><br/>You don’t get to selectively import only the aesthetics. 2026-02-01T11:41:50Z https://njump.me/nevent1qqsd97y8k8cgf0qcrkpjc5ndatmtskc6mua9qyukrlhhtfe79qln8eqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6mn6s6w Banking today is not “banking” anymore. <br/><br/>It’s statism gone wrong. <br/><br/>Only a small part of credit goes to economic production. <br/><br/>The major part goes to funding government overconsumption, including lots of waste, fraud, and corruption. <br/><br/>Another large part goes to inflationary speculation, pumping asset prices, increasing social inequality, preventing people to live their dream through honest work. <br/><br/>Most of the daily work of bankers is now in regulatory compliance and serving state mass surveillance instead of serving commerce and savers. <br/><br/>Ever growing, complex regulations desperately try to prop up the fragile fiat system, politicians’ house of cards which could topple down any moment. It will collapse anyway, whatever they do. <br/><br/>Ever growing intrusive Big Brother methods to spy on citizens and businesses so they can squeeze out the last dollar for the greedy political caste. <br/><br/>This foul system must end. Fiat must end. <br/><br/>Bitcoin can fix this. 2026-02-01T11:33:32Z https://njump.me/nevent1qqswm4tswcpgk7qzjkh43ga2vdqnenllzzchmycw5ylnwlrx5a7w40qzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6gxtc2c In reply to <a href='/nevent1qqsddp9z5qgq0cm6ygeh2f3hfpjy0zrz0fxt2r5c2h3k4ev6d7gy3qgxt658n'>nevent1q…658n</a><br/>_________________________<br/><br/>Are your questions serious? <br/>Here’s the original. <br/>You know what it is?<br/><br/> <img src="https://image.nostr.build/6b5729e67cba226333a459c7b7f3a41676dbb03e0cb983f2dff65775a04a2f74.jpg"> 2026-01-29T20:48:37Z https://njump.me/nevent1qqs9vj22mm8lzgpcrundl053sfn07fp4zekdngwl9cf6myrul0q5k0szyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6vjxvnk In reply to <a href='/nevent1qqsy5emtew5ue8rkdzjsv42lprs5qka2rrauk0gd25mxfarvtt9u6zcyw0lz9'>nevent1q…0lz9</a><br/>_________________________<br/><br/>Insofar as Bitcoin critics are correct, Bitcoin builders get guidance what to fix next.<br/><br/>Unbeknownst to themselves, these critics are working for Bitcoin.<br/><br/>PS: Coffee payments incoming. And cacao. 2026-01-29T20:41:17Z https://njump.me/nevent1qqsfmz6h8sjjpmv27vzwk0m9sayajykux9rhelrh59mva69tj0arkngzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6wzllhn I predict a strong surge in Freedom technology projects in Europe 🇪🇺 from here on.<br/><br/>It is “innovation of last resort”, the only thing innovators can still do on a doomed continent. Everything else will be blocked by rampant regulation. <br/><br/>The EU is being destroyed by a badly designed new political system which usually only lifts third rate politicians to power. 2026-01-28T18:23:20Z https://njump.me/nevent1qqs8492ffau9rz70aqrwt0p5wx6x2ywfxddlcdfar3et533l4hgtnlczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h60hz79d In reply to <a href='/nevent1qqs893wyalesh3409p84796smnxt5w7qa07azd4grdv33kwwx30x0scy69qwd'>nevent1q…9qwd</a><br/>_________________________<br/><br/>Need?<br/>“need to avoid” 2026-01-28T17:55:08Z https://njump.me/nevent1qqsrxslfj84x59urgaktxdj2gj63ar6ux6eugpz680454d0rflxwtmgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6dqn3xd In reply to <a href='/nevent1qqs8jnegxv5y502ta8j62jnyl6efgl33g67hzkq2pjsl5dpq3j27w6scjgjgg'>nevent1q…gjgg</a><br/>_________________________<br/><br/>Most Antifa-aligned groups explicitly define themselves as anti-capitalist and anti-market. <br/><br/>They are hostile to private means of production, the finance sector, and private money like Bitcoin. <br/><br/>And they want more government power over economy, production and free speech, government suppression of unwanted ideas. <br/><br/>Incompatible and incompetent. 2026-01-26T10:13:48Z https://njump.me/nevent1qqsfhkpa2wvhdcw60dexn8uazvss5wu4ewzl0n79grht04yfhvudqhszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6fkew4f In reply to <a href='/nevent1qqs222z6lrdk34mh6em522raznrh2yrqc42a9z9q2ksy4pcqtkyc4asfy0xxx'>nevent1q…0xxx</a><br/>_________________________<br/><br/>Fiat must be ended. <br/><br/>The graphics are debateable though.<br/><br/>Question to PR geniuses: Is it a good idea or a bad one to use the brand colours and symbols of those who would support fiat and government overreach? 2026-01-26T07:02:04Z https://njump.me/nevent1qqs9pq5s3yhd2kmy72jhztwf8r4duz4jac6hg3htgqpphqy7a5uaeaczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6ealhfp Bitcoin can fix this.<br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note13xqk8src74sev57sv5wa76pgm6k68dfjd2tmzff3l954hrpqm0dqhj4zs9" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note13xq…4zs9</a></span> </div> Small businesses face 41-57% rejection rates for basic trade finance while the same banks hold $192 trillion in derivatives positions. Basel III treats a letter of credit backing real goods as riskier than abstract financial instruments that produce nothing. The system works exactly as designed: extracting value from those who create it, denying credit to those who need it most. <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/naddr1qqgryepexq6k2dpcvd3x2ctrxu6kvq3qklkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qxpqqqp65w5mcueq" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">naddr1qq…cueq</a></span> </blockquote> 2026-01-25T23:18:18Z https://njump.me/nevent1qqs0j69luv6dp044l9n9mkrs0ld6whc23v7yyq7v9n4sp6z2c4apgkszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6we8d8s On Bitcoin Treasury Companies<br/><br/>While it is correct that Bitcoin&#39;s progress will need an institutional<br/>layer, this cannot and will not be the passive Bitcoin Treasury Company of today. <br/><br/>These merely centralise Bitcoin as balance sheet investments, as store of value, in hope of a financial flywheel, which however will peter out when net total inflows stop. <br/><br/>It always stops, look at history. <br/><br/>The institutions REALLY needed are those which put Bitcoin to work in the real economy, as medium of exchange for trade and industry. <br/><br/>This will produce sustainable Bitcoin returns and unlock Bitcoin&#39;s monetary premium for a last price increase before stabilising. <br/><br/>This needs not some company pushing &#34;digital credit&#34;. It needs a decentralised &#34;Bitcoin Credit Money&#34; layer. 2026-01-13T20:39:11Z https://njump.me/nevent1qqsrahtk2e2mv8ph6lz528rnaj5rt5zjc5dza8l2k8emejveehzuudgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h605kje9 Today&#39;s electoral party system is to a real democracy what a cargo cult is to aviation.<br/><br/> <img src="https://image.nostr.build/4052f02533a8d940afa037e97c5028a4ef26e86a7b7bc4a0718c33c1577e37c8.jpg"> 2026-01-11T00:28:51Z https://njump.me/nevent1qqsg8lu4nzmevhatjywq75edmz2keq3w2gk4l0gnzm8cj3ul92w4smgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6fkmzyp In reply to <a href='/nevent1qqsvd7727hc9698wv60zw9rje74s59y6kruntpwmg43x5pkpx9qymyqaak0dg'>nevent1q…k0dg</a><br/>_________________________<br/><br/>Agree, many important questions. <br/><br/>These was a long Socratic debate which lasted late into the night, I do not usually write them up.<br/><br/>if a specific question interests you, I will summarise our outcome, from an Austrian Economics angle. 2026-01-10T23:54:07Z https://njump.me/nevent1qqsgvyz80tvrshyc7f6zstnaxmukhzhfep57zuafqwqtztqsn3eesegzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h67y7mj3 QUIZ: <br/>One of these authors fails to understand the teachings of Austrian Economics on the role of an elastic supply for a stable currency.<br/><br/>Who is it? <br/>A. Carl Menger<br/>B. Ludwig Mises<br/>C. Friedrich Hayek<br/>D. Saifedean Ammous<br/><br/> <img src="https://image.nostr.build/45ba4573ddaceab973d7497b2cd755f8e9b6eedcf1a392dca628cf461465a5bc.jpg"> <br/> <img src="https://image.nostr.build/6677d7ecf352f956f0c61bc5ef790ae6ad4af934859e27543747cce1eed33b8f.jpg"> <br/> <img src="https://image.nostr.build/581b566eec48086a52b2316b0637da541955fc3ba0893a88362455a31f4fd4e4.jpg"> <br/> <img src="https://image.nostr.build/0d2552ff8229094c720c57b650535481fa60a9d74c179cb04bbf051c70d625e6.jpg"> 2026-01-10T22:52:49Z https://njump.me/nevent1qqstsqvlaqu26lky5pf4ltf79t56l20j3fded7sg0a7e5m3sfvljr0szyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6256qmq In reply to <a href='/nevent1qqsfl7hmua276wcr9uealma5n038wwhv597072evv9c93jgry39np3qgg39fl'>nevent1q…39fl</a><br/>_________________________<br/><br/>There are ways. Demonstration are not.<blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/nevent1qqsg4g9r6kxxzpzpmrfqtlqu0erqg2uf2dvxvy0ev4l32aawe7j6pscpramhxue69uhkummnw3ezuetfde6kuer6wasku7nfvuh8xurpvdjsz9thwden5te0v4jx2m3wdehhxarj9ekxzmnyqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hszxthwden5te0dehhxarj9e3k2unrv968ymmkvyhx6egkuxpd9" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">nevent1q…xpd9</a></span> </div> Sure, demonstrations do not fix the system.<br/>They are a symptom of a fake democracy.<br/>But this doesn’t generalise.<br/>The system can be fixed with other methods. </blockquote> 2026-01-10T10:33:22Z https://njump.me/nevent1qqsg4g9r6kxxzpzpmrfqtlqu0erqg2uf2dvxvy0ev4l32aawe7j6psczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6zv9x68 In reply to <a href='/nevent1qqsfaep9t0vnp326sdywqey8f8rd7dvm5sfj5xqw3tcge7zdgwmepugtsa6tx'>nevent1q…a6tx</a><br/>_________________________<br/><br/>Sure, demonstrations do not fix the system.<br/>They are a symptom of a fake democracy.<br/>But this doesn’t generalise.<br/>The system can be fixed with other methods. 2026-01-10T10:31:24Z https://njump.me/nevent1qqsrad2agtzq9fjmj4psdxu2pj5263fr0fmsqk6z0fphcmylgmzzetczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h63hugln In our fiat times, people do not hold gold to use it. They hold it to sell it ultimately FOR money. <br/> In the gold age, people did not hold gold to use it. They held it to spend it ultimately AS money.<br/><br/>Now think about the coming #Bitcoin age.<br/><br/> <img src="https://image.nostr.build/123a93c75544cbb90cd1becd4db21bda062f678f79d55c153e2e19b64d549270.jpg"> 2026-01-10T10:28:53Z https://njump.me/nevent1qqsrr4azew0cmqgrk9e5p06ulkxam7r4dlfnksdkugq047uu62ghzwszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6ccthwt In reply to <a href='/nevent1qqsdalvzwlrhzcqw04d4fws349ryl2zgk3pzamcxfzh9hpm5sqt4jnc5gp67z'>nevent1q…p67z</a><br/>_________________________<br/><br/>A true “prediction markets” has privacy by default.<br/><br/>They work without users paying money, the incentive is winning money from a sponsor, the company which needs prediction. <br/><br/>Participation is ALWAYS anonymous to get to truth. 2026-01-08T08:26:34Z https://njump.me/nevent1qqsqmjulfqql4gyqm9hs04jrcg7xr932mac36qvg6804fnyr4r6n0yqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6d5nfsl In reply to <a href='/nevent1qqsvazpg58rwm4grrhu8ad76wg70gcyua5eje00fn64fmmy028k4hgca6lpdz'>nevent1q…lpdz</a><br/>_________________________<br/><br/>Who? My parents. Two reasons:<br/><br/>1. Commie talk always sounds good from afar. <br/><br/>2. East Block countries were way cheaper than the West. <br/><br/>Their governments desperately needed foreign currency for imports from capitalist countries. 2026-01-06T11:35:45Z https://njump.me/nevent1qqstvu76s2rv36f2w8r0aufzqm66g4r3tzadznc57cn3vgap2kyy6vszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6pdwreu In reply to <a href='/nevent1qqs0c3rzmgmvj5u8rvrz0tw4j7fp9fch07xmnwex9c0suz2df4uggrq6nknqc'>nevent1q…knqc</a><br/>_________________________<br/><br/>Where? <br/>We are here already: Nostr. 2026-01-06T11:31:56Z https://njump.me/nevent1qqsgs2lr8q08scxf4svfg6mgnqtdxa8u0tf6v2jnlacpryvwjg3rsaszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6q66hrk In reply to <a href='/nevent1qqsge3cnaeaage48uepalrfa2tt8w2qq36j5kak5yhevu03tyhhr6pcsgyq7q'>nevent1q…yq7q</a><br/>_________________________<br/><br/>The sellers are giving away their production, hard work. <br/><br/>Companies in the global supply chain do not grant the necessary 30, 60 or 90 days lightly. <br/><br/>They check on the buyer company, they have long term relationships.<br/><br/>The bill of exchange then gives them the liquidity to continue operating, without shutting down, creating unemployment. 2026-01-06T07:57:40Z https://njump.me/nevent1qqsfyp5tcw6ksu5hdw456d5gpqamqcll6sycvrrkcdz54rphw9hz7tqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6vwrqfq As a kid in the 70s, my parents sent me a few times to youth camps in (then) communist countries east of Austria, for affordable holidays. <br/><br/>I don&#39;t know how commie politicians ever thought that these programs would turn kids into communists. <br/><br/>The experience after an initial Stockholm syndrome - individually, they were nice people - made the Western kids aware of the prison-like constant surveillance, the mandatory strict belief system, the run-down poverty of life outside. <br/><br/>The weirdest thing was our privilege over local kids as bringers of Western currency: we could shop for Western goods like chocolate and biscuits and cigarettes (!) with Austrian Schillings. 2026-01-06T07:47:43Z https://njump.me/nevent1qqsxjlh6w4djd6qvpze2ntvc4crmlaw8ul3nr0l2zhcm3wf88j3fvtczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6cal867 Time to leave. Sad subconsciously expected.<br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note1u3k4yjt7m90y85tylj3tcs8en6yfrmya3azhh2e5t9suswtejvhq8rflj8" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note1u3k…flj8</a></span> </div> Here we go<br/><br/>Substack in Australia requires me to give ID<br/><br/>To view an article about investing…<br/><br/>Ofc for my own “safety”<br/><br/>This is not a law I voted for<br/><br/>But I have to deal with it anyway <br/><br/><br/> <img src="https://blossom.primal.net/7b38c5ceec4cf885bfd6341c108436085a822736605c5b3d3ad93e6ec4df5c5f.png"> </blockquote> 2026-01-06T00:10:23Z https://njump.me/nevent1qqsvvzma6v805nvazpd40g0jnkcmdvdec2gxuchkakplswry8u6jm7szyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6pq3q5e What is it that politicians always want to remove privacy from communication and money? <br/><br/>Don’t they know that their children will have to live in tyranny? 2026-01-04T21:03:08Z https://njump.me/nevent1qqswhulql9gmakhnakxqy2xske3whp0jhjaxf044v0rwu969jrl3rggzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h647aq3k In reply to <a href='/nevent1qqsx7y0m5hwtf9xprhejay64yegerpql69gxzwgdjkwzhf0xlxh72dca92lvg'>nevent1q…2lvg</a><br/>_________________________<br/><br/>&#34;Austrian economists theorize but cannot build. Cypherpunks build but lack theory.&#34;<br/><br/>OBJECTION! 2026-01-04T19:49:41Z https://njump.me/nevent1qqsydlem5jfuffss6yklhmpcqypn82ph28lq6y4t3zg8t99k7fwfwrgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6tg5f0t In reply to <a href='/nevent1qqswh44enser2820u3avd5xvfxasnl0c8w3jj3ngz3u5hsnjdg2v9jseuggzr'>nevent1q…ggzr</a><br/>_________________________<br/><br/>That’s actually rarely the choice, a bill or spot bitcoin.<br/><br/>In an economy with commodity money, division of labour and specialisation, long production and supply chains, the choice is bills or no sale, rotting goods, breakdown of trade. <br/><br/>That’s the reason why bitcoin has not been, could not be, adopted in the real economy. 2026-01-04T18:13:50Z https://njump.me/nevent1qqsvckv7fhzntm8pf0a7k3mdk8x89ja32jnns56vhpj8khyneh2qa7czyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6mzuqfc In reply to <a href='/nevent1qqsv86q43vgfkwwfvdax4jlfa9c6f4cwl2aqeknd5jekkueldqyvzzgm9rxz7'>nevent1q…rxz7</a><br/>_________________________<br/><br/>I gave an interview today once about it here: <br/><a href="https://www.idealismprevails.at/hubertus-hofkirchner-glt-2-0-offene-demokratie-und-warum-burgerparlamente-die-politische-zukunft-sind/">https://www.idealismprevails.at/hubertus-hofkirchner-glt-2-0-offene-demokratie-und-warum-burgerparlamente-die-politische-zukunft-sind/</a> 2025-12-31T14:21:04Z https://njump.me/nevent1qqsdvjvqgu0339gccu2cmj06dxfvm8qkgsqqyypm97xerkeqvkq33hqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6j4x37r In reply to <a href='/nevent1qqsxc3kwnyhxuxk3xgsvras0cads4f658kynmgruwlku4f0xjt76v8g9uet89'>nevent1q…et89</a><br/>_________________________<br/><br/>The crypto anarchist theory may be “complete” but I say it throws out the babe with the bathwater, seeks unrealistic individualism where mankind needs to organise realistic voluntarily cooperation and where unfettered authority needs decentralised checks. It is not a matter of throwing it all out, the job is to add what’s missing.<br/><br/>So, as wealth and prosperity need specialisation combined with rule-bound cooperation, I think that there are two missing elements to go to a proper democracy:<br/><br/>(1) Methods and systems (to build) which help us get to good rules and abolish bad ones, which work for the general good without unjustified power to loud minorities. The best one I could devise I call statistically-representative democracy, it is a massively-parallel decentralised institution with enormous bandwidth to handle such issues. We will use the principle for the governance of Bitcredit Protocol. <br/><br/>(2) Methods and systems (to build) which help us to appoint individuals to executive positions limited to manage missions as per (1) while ensuring control and liability. An intriguing decentralised method for this was devised in ancient Venice for the election of the Doge, a modernised version could revolutionise executive appointments in modern times. 2025-12-31T13:01:56Z https://njump.me/nevent1qqsyuxsgsa9umz3vaxjsqt46g5mrl3ktemc6jxua7vkrmx8ttmf3qhqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h655xlt6 In reply to <a href='/nevent1qqsgw2pfhp4tupnelrefuq4qlgh8fk9eteus3r2xvpjnelpypvly7eqj478t5'>nevent1q…78t5</a><br/>_________________________<br/><br/>On the &#34;Austrian Debate&#34;. <br/><br/>When we built <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/npub1eajvs8x67vmzsnwaf9ltfgt59e6acmeztx9shduewvfgwftx8ahsagcd93" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>Bitcredit Protocol</span> (<span class="italic">npub1eaj…cd93</span>)</a></span> the development mechanics clearly confirmed the position of Antal Fekete and Juan Rallo. <br/><br/>It became very clear that Murray Rothbard and Phillip Bagus misunderstood the act of credit creation. <br/><br/>It is not the banks, cuckoos squeezing in as legal intermediaries, but the original buyer and seller granting terms which create raw credit money. Still not fungible, but already negotiable. <br/><br/>The merchant banks accepting a bill and discount houses discounting it, both are just enhancing but not creating the original credit, as Rothbard described it. 2025-12-30T19:31:02Z https://njump.me/nevent1qqsymxrut43j443fsr9mw9332u28z82kamf8scjvrmxnjsdgdyunnrczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6x8s8sp In 2026 <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/npub1eajvs8x67vmzsnwaf9ltfgt59e6acmeztx9shduewvfgwftx8ahsagcd93" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>Bitcredit Protocol</span> (<span class="italic">npub1eaj…cd93</span>)</a></span> will bring back the private peer-to-peer payment instrument formerly known as &#34;bill of exchange&#34;. <br/><br/>The e-bill returns with Freedom Technology, payable on unstoppable Bitcoin rails instead of in bank custodied gold, on encrypted Nostr transport instead of state postal services.<br/><br/>This will unlock world trade for the Bitcoin circular economy and give Bitcoin its missing currency, its Medium of Exchange.<br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note1s9pq9y48ez9m6p7zpt6g09wmd7s5ed4tc4vssjx6drlx6k8s9n9qeztnu0" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note1s9p…tnu0</a></span> </div> In 1912, London financed sixty percent of world trade through bills of exchange: private commercial paper backed by goods in transit, settling in gold. No central bank required. <br/>Two years later, governments killed this system in a week. What we got instead is the inflation, instability, and central bank manipulation we now consider normal. <br/>The market had already solved the money problem. Governments unsolved it. <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/naddr1qqgrzc3svdsn2dmpxycrgdrpvgmkzq3qklkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qxpqqqp65wm3vatp" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">naddr1qq…vatp</a></span> </blockquote> 2025-12-30T19:06:52Z https://njump.me/nevent1qqs0fh2vzm8aenxyc5ke7974t60cdxh2f58rs39vuzeqwd6ad8rmhvszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6jfamzt Cyberspace infrastructure can be eternal if rigorously designed to eliminate access points for meatspace coercion and violence. <br/>#Bitcoin #Bitcredit 2025-12-24T20:39:47Z https://njump.me/nevent1qqsv207c5lhax0jp2e8smw579x7m8w3ccsqqnvwph84fej5nj37xwtczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h69s2s7g Christmas wishes from mass mailers are a perfect reminder to unsubscribe. 2025-12-24T14:06:43Z https://njump.me/nevent1qqsvtx3gsmvj7dzu8jvhanvex3wmy0qqev0le60y2grjn3pztfnyfrqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6fzqwtn In reply to <a href='/nevent1qqsymap9hpffs59pzph8p75su9fyeejfzfkcddc86z20seqp2dddjcg2g8m0q'>nevent1q…8m0q</a><br/>_________________________<br/><br/>FUD. At even huge usage levels safe with a wide margin. 25 year evidence. <br/><br/>Bluetooth headsets even safer by many dimensions.<br/><br/>If you insist on being totally irrational and worried, just use a wired headset. 2025-12-24T14:02:33Z https://njump.me/nevent1qqsfx544spdqd663xyz7gmjwx76mqgrqqqs4fff0lclv7tpv05mw39gzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h63uuue7 In reply to <a href='/nevent1qqsfywg50wfjhqd77q492jp40ysjw5njztnsj34h5upcflsv4xdmv0cll36l5'>nevent1q…36l5</a><br/>_________________________<br/><br/>Both &#34;more likely&#34;?<br/>Creative. <br/><br/>PS: Saylor&#39;s Bitcoin is more likely to go to his creditors. 2025-12-19T13:59:44Z https://njump.me/nevent1qqswpxvzdtay9s29pnan59666q4ywj4yjlvdzfqusdcf6mfuamx3vxqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6dy292e In reply to <a href='/nevent1qqs26e2a0d3m5zqzaxunmdj9g7e3tw26l2hnupe3e9f38yhsr9dsl3c2q9txz'>nevent1q…9txz</a><br/>_________________________<br/><br/>I agree with your initial analysis. <br/><br/>Let&#39;s be conscious though of the difficulty of &#39;free market eating command&#39; in money. Yes, it would work better for people and the prosperous free market economy. <br/><br/>But let&#39;s remember: The political caste was able to replace sound gold money with fiat. That danger is ever present. <br/><br/>And now we are starting as underdogs: we have the herculean challenge of starting up a #bitcoin based currency, its medium of exchange for trade and industry, while political money now has a big advantage in lower initial volatility and their power to impose societally harmful legislation if it is in the arrogant political caste&#39;s advantage. 2025-12-06T10:17:34Z https://njump.me/nevent1qqs8y6v2ejw8j9akuzxjr7yt8pnc4706ka9jj5nzh3fe86aydg2545czyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6pck704 In reply to <a href='/nevent1qqsxw82f7pwafst878m6zgxs0vmcydr6g625j8r7dqzdmzmnrlqdeaqgagjsh'>nevent1q…gjsh</a><br/>_________________________<br/><br/>Continued: <br/>- Should we return to national currencies?<br/>- How should we interpret the massive gold purchases made recently by central banks?<br/>- Which countries are moving towards a more decentralised monetary system?<br/>- How will our life look like long-term if each payment with CBDC money needs some kind of application with the central bank?<br/>- Do EU citizens have any chance of  averting the centralisation of money and power with CBDC?<br/>- Can we abolish the ECB?<br/>- How to stop CBDCs, at least in the EU?<br/>- Is it possible to create an independent, decentralised monetary system without the approval of lawmakers?<br/>- Is it really just the banks underserving industry or is there a generational decline in German industry which reduces bank business?<br/>- Wirtschaftsweise Werner von Sinn (Germany) says we have now after COVID much more new Money and Credit than what triggered the Financial Crisis of 2008/2009. Will this again result in a Big Crash and when?<br/>- How much regulation is necessary to prevent misbehaviour of market participants?<br/>/3 of 3 2025-12-06T09:57:30Z https://njump.me/nevent1qqsxw82f7pwafst878m6zgxs0vmcydr6g625j8r7dqzdmzmnrlqdeaqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6wmryp6 In reply to <a href='/nevent1qqsy2lg0wqzkhppgkdza2gpnn3cyt78xe03st4l3hmgaqmcjeet6fas3pn4ua'>nevent1q…n4ua</a><br/>_________________________<br/><br/>Continued: <br/>Our subsequent Socratic Debate went on for many hours into the night, as always. Topics covered were:<br/>- How long can a fiat system work and survive?<br/>- How can we make sure that credit goes towards the productive businesses only?<br/>- How can we increase productive credit? What incentives are organically available?<br/>- Is there a precedent of a country that migrated from asset-based speculative credit and money creation to production based money creation?<br/>- How does the Austrian school  consider the inflation impact of the three types of loans mentioned by Professor Werner, for (1) production, (2) consumption, (3) asset speculation?<br/>- How do we solve the energy situation (price &amp; quantity) in Europe if Russian relations and supply chains like Northstream are broken for at least a generation?<br/>- Concerning Euro: will fiscal imbalances and asset bubbles precipitate a collapse of the Euro?<br/>Read on.<br/>/2 of 3 2025-12-06T09:56:33Z https://njump.me/nevent1qqsy2lg0wqzkhppgkdza2gpnn3cyt78xe03st4l3hmgaqmcjeet6faszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6ev5dpf An impulse speech by Prof. Richard Werner opened yesterday&#39;s Socratic Debate at the Hayek Institute in Vienna 🇦🇹.<br/><br/>The “interest rates drive growth” theory is empirically wrong, he showed; rates follow growth, an &#39;Austrians&#39; agree. Bank credit creation and its allocation decide whether economies boom or bust. <br/><br/>Prof. Werner warned that central banks, regulator-driven centralisation, and CBDCs will wipe out Europe’s local SME-lending banks (thousands already gone). The real path to prosperity is many small regional banks directing credit into productive investment, not speculation.<br/><br/>Our main point for debate was that Prof. Werner thinks that this can be fixed with the right policy prescription for central banks, whereas I think that the very institution of central banks and their enormous illegitime power will invariably lead to negative economic and political outcomes in time. Central banking and CBDCs are incompatible with free markets and a free society. <br/><br/>#Bitcoin shows that money (SoV) creation is a matter for the free market, and #Bitcredit aims to show the same for currency (MoE) creation.<br/>Read on.<br/>/1 of 2<br/><br/> <img src="https://image.nostr.build/ce8aeb9434a68d499b72ff6f04678ef2f5aab65f9da41321822a9ac83f48cdc9.jpg"> 2025-12-06T09:55:06Z https://njump.me/nevent1qqsgzp8zgqp40n5j0sfd8aldk9e27sgyhar0kck764jlv6y7rw9d52czyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6g46kdx Bitcoin will be more stable than fiat &#34;stablecoins&#34;. <br/>This panel has more than meets the eye.<br/>Bringing the supply chains onto #Bitcoin is what will stabilise its exchange rate. Proper stable, non-inflationary.<br/><br/> <img src="https://image.nostr.build/579bae01d22659830d83518609810c97ae76a6aa7b0edf237229ea26fa559e82.png"> 2025-12-04T09:03:12Z https://njump.me/nevent1qqstj9u06yw4lt7zk886sajtmdw7hx0eha7a2fx6jyhyxgr57za4wzszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6nphdmx Bitcoin won’t monetise on its own. <br/>Trade credit is key, just like during the Gold Age.<br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note1c6gl2q2ee7y0u9afahpg8a6h5hsxfz57ez8afpw5fpwxf69v43fsfyn2p8" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note1c6g…n2p8</a></span> </div> Save the date for the upcoming Bitcredit Space. Learn: <br/>— How Bitcoin can finance a real-world steel trade through Bitcredit Protocol.<br/>— How an peer-to-peer e-bill turns into e-cash. Instant liquidity, zero bureaucracy. <br/>– Q&A.<br/>– How to join the community and bring Bitcoin into the real economy.<br/><a href="https://x.com/i/spaces/1dRKZaebDDXxB/peek">https://x.com/i/spaces/1dRKZaebDDXxB/peek</a> </blockquote> 2025-12-02T09:06:47Z https://njump.me/nevent1qqsd89nma72urrteew5yycfhe0efkdnnflsadrepfv8sf5xnq2w4mgczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6xfmn5v Thanks @The Bitcoin Conference for having me.<br/><br/>@BitcoinMagazine<br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note1atz5lesarnt4swx8t4yxragp4fhd8ndw6xw28uaruyc9z9hg7ypsgrvsmc" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note1atz…vsmc</a></span> </div> Bitcoin’s volatility is due to the fact that it is not yet used in global trade.<br/><br/>Once it becomes part of the real economy, Bitcoin will be the ultimate stablecoin. <br/><br/>The way to achieve this is by enabling Bitcoin based supply chain finance.<br/><br/>Join Bitcredit at Bitcoin MENA 2025 to learn more.<br/> <img src="https://blossom.primal.net/3f65027b28055934d1ef790ac7088aebf58288bff8d8ae1724f2fd095cde5699.png"> </blockquote> 2025-11-25T16:23:07Z https://njump.me/nevent1qqspnxpfpx2wnrtjg39m4mgrzzvj70xk0d5cx6vx6ahqgy7znlf73rszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6g2ta7x In reply to <a href='/nevent1qqsd522xjkjt2nteqdw2tfz9p07khu6httqykp76krs405e9jxk639qnjenj5'>nevent1q…enj5</a><br/>_________________________<br/><br/>Not sure we should re-use nsecs. 2025-11-24T15:16:30Z https://njump.me/nevent1qqsdrengg0lq7ue2hrd5enr0cxjqnysc9620sfzcdqs46uzdjrmexyczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6tckv7j In reply to <a href='/nevent1qqsy8yr82mpsg8tasdqmjw8tsgzar5llcgp8nrv7yh5z8ezz0m54wkq2xfthx'>nevent1q…fthx</a><br/>_________________________<br/><br/>Horsing around the new boating? 2025-11-24T15:15:56Z https://njump.me/nevent1qqszt03cttnp5nesanj6dfe7lpergch4400fp5jy5vuurpwwlz8l49qzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6t4k92c Money, Bitcoin: &#34;stores value&#34; by scarcity in relation to willing buyers and sellers and actual future production.<br/><br/>Currency, Bitcredit: &#34;mediates exchange&#34; of goods produced, represents the value against which it is created, purchasing power depends in actual future production. 2025-11-24T15:15:27Z https://njump.me/nevent1qqs2xy54q559tct0vnc9enm0ajrt2d3wgud9eg7934ldsyxv5gyrnfszyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6u0w4u4 In today’s “Bitcoin Bankers” Seminar in El Zonte we will talk about historic Wildcat Banking and novel digitalised Wildcat Minting will monetise Bitcoin for trade and industry adoption. Feel free to join us at 6pm on the upper deck of Olas Permanentes.<br/>n<a href="https://www.satlantis.io/events/1222/Bitcoin-Bankers">https://www.satlantis.io/events/1222/Bitcoin-Bankers</a><br/><blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/note1p3w7cc6hl2593ktte0a77tszvnpmh59u5tlvc26fg2s3s9zta8rsgmx0qp" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">note1p3w…x0qp</a></span> </div> Today in el Zonte, after yesterday's Socratic seminar about full reserve banking, we will delve into the electronic bill of exchange on Bitcoin rails. <br/><a href="https://www.satlantis.io/events/1222/Bitcoin-Bankers">https://www.satlantis.io/events/1222/Bitcoin-Bankers</a> </blockquote> 2025-11-18T13:12:45Z https://njump.me/nevent1qqsqch0vvdtl42zcm94uh7l09cpxfsam6z729lkv9dy59ggcz397n3czyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6lc9yus Today in el Zonte, after yesterday&#39;s Socratic seminar about full reserve banking, we will delve into the electronic bill of exchange on Bitcoin rails. <br/><a href="https://www.satlantis.io/events/1222/Bitcoin-Bankers">https://www.satlantis.io/events/1222/Bitcoin-Bankers</a> 2025-11-17T15:30:48Z https://njump.me/nevent1qqsyf5xmeqc8gra0dck500gk8hjrralcsu5dtj8pf4jxt93ev7cxrlgzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6p9k7v7 In reply to <a href='/nevent1qqszr8rjjm3r0usrn5y8fxvcs09jm6tu9sll4gkvsvew6lr297xyfacu6lses'>nevent1q…lses</a><br/>_________________________<br/><br/>Thanks, all zappers. Means a lot. 2025-11-16T03:27:57Z https://njump.me/nevent1qqszr8rjjm3r0usrn5y8fxvcs09jm6tu9sll4gkvsvew6lr297xyfaczyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6dfjdsx Hi, San Salvador, Bitcoin Country! 2025-11-14T02:44:24Z https://njump.me/nevent1qqstqu80l5464hj8trml90s45u4fal4cwnne6q9w6mzt3jjgdaz577czyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6p70npu In reply to <a href='/nevent1qqsqk2qza5efuyqcnw5ru349xjc962t6jeul2gkdsux6749yrm8fcrsp398qw'>nevent1q…98qw</a><br/>_________________________<br/><br/>Initially, I read “25 degrees uphill”.<br/>Flabbergasted.<br/><br/>Note to self: need a run, too. 2025-11-13T10:12:26Z https://njump.me/nevent1qqs0cz4a2yhhmduym04xwvzl8yxrrfajhgfnmahyraju3rk8mn5r2tqzyq425ctq67jlhual487g06rlczq02negsknxypelxfkp04wqmm0h6h7fygw My talk titled &#34;Bitcoin Education for Trade and Industry&#34; will start at 4:00pm. See you all in San Salvador!<br/><br/>Also check out the whole event. I find unconferences ideal for Bitcoin ethos: <a href="http://bitcoinunconference.com">http://bitcoinunconference.com</a><br/><br/> <img src="https://image.nostr.build/54c353f5f320d0fa3013b8df67c537ed8926a9c07a6e4201be4d6d0873daad38.jpg"> 2025-11-06T16:02:01Z