The Coin Files

The traditional banking system cannot service you over the weekend.
You know what can?
The #Bitcoin monetary system, accessible 24/7, 365 days a year.

2024-02-08 17:58:05

Under a #Bitcoin standard, companies that are highly leveraged with lower quality services and products would be flushed out.
Bailouts and the socialization of losses would be a thing of the past.
The misallocation of capital and malinvestment would be minimized as central authorities would no longer be able to distort market signals through monetary policy.

2024-02-07 21:00:35

War is financed through deficit spending, which is in turn subsidized by expanding the money supply (i.e., printing money from thin air).
Money with zero cost of production is easily manipulated, benefiting a select few at the expense of the many.
By using monetary inflation to fund wars, governments force taxpayers to finance their political agendas by eroding the purchasing power of the local currency.
To make war unaffordable and less likely, we need a form of money with a high cost of production, a fixed supply, and no human involvement in its oversight.
#Bitcoin is that money.
Its supply is fixed and capped at 21 million.
Its production requires significant energy and capital investments.
It is decentralized.

2024-02-06 17:53:02

#Bitcoin is censorship-resistant.
Why is this valuable?
Many live under oppressive and authoritarian regimes where capital flow is tightly controlled. In such places, it's common for dissidents to have their assets frozen.
Additionally, residents in these areas are isolated and cut off from the global economy, forced to deal with and transact in hyper-inflating fiat currencies.
Bitcoin offers an alternative to opt out.
This type of censorship is becoming increasingly prevalent in the West.

2024-02-05 22:38:18

The next halving is in 10903 blocks, approximately 11 weeks.
What is the halving?
Every 210,000 blocks or approximately 4 years, the amount of #Bitcoin rewarded to miners every time they add a block of transactions to the time chain is cut in half.
It is a pre-programmed supply shock.
Based on the law of supply and demand and with all else equal:
If demand for Bitcoin stays the same post-halving, we will likely see an increase in price.
If demand for Bitcoin increases post-halving, we will likely see an even higher increase in price.

2024-02-05 18:20:10

#Bitcoin allows you to transport your wealth across space seamlessly.
Why is that valuable?
If you ever needed to uproot quickly (i.e., war, natural disaster, etc.), you can cross borders with your Bitcoin allocation subtly. By simply remembering your seed phrase you can regain access to your wallet anywhere, and start anew.

2024-02-05 16:59:19

Unlike the Fiat monetary system, #Bitcoin has a fixed total supply of 21 million and a predetermined issuance schedule.
Why is this valuable?
Because it protects and maintains into the future the value of the time and energy you spent to earn your wealth.

2024-02-05 16:58:58

Unlike the current monetary system, you can't get kicked out of #Bitcoin.
Having an allocation to Bitcoin held in self-custody protects your ability and freedom to transact.
If that's not valuable, I don't know what is.

2024-02-03 19:48:49

Opting out of the system is easier than you think.
1) Study Bitcoin and money.
2) Convert Fiat currency to #Bitcoin.
3) Self-custody your Bitcoin by moving them to cold storage.
4) Manage your UTXOs.
5) Study Bitcoin more.
Repeat until financially self-sovereign.

2024-02-03 18:29:27

Fiat incentives short term thinking and the destruction of capital. Inevitably leading to degeneracy and the destruction of society.
This has happened many times in history. Learning about the collapse of the Roman empire is a good starting point.
#Bitcoin fixes this.

2024-02-03 18:29:00

If money is broken, everything else follows.
Money has been hijacked and weaponized by a select few. Central banking and the fractional reserve system have become mechanisms for wealth extraction and redistribution.
Fiat money, created out of thin air at no cost, is extremely susceptible to manipulation. With its cost of production virtually nonexistent, the likelihood of its manipulation stands at 100%.
We are asked to blindly trust those who hold a monopoly over it. Yet, trust is not a given; it is earned.
Do you trust anyone at face value? Or do you prefer to get to know someone before placing your trust in them?
There's nothing rational about trusting the current monetary system. Those at the helm are detached from our reality, and as a result, cannot make policy in our best interest.
Adopting #Bitcoin, a monetary system that doesn't require trusting anyone but yourself, seems like a rational choice for any individual or corporation.
https://image.nostr.build/07482965b32ae4075d73bcc0eae1c0b6f035d5de626f33096b907a3dedd0291c.jpg#m=image%2Fjpeg&dim=1024x1024&blurhash=U9HdpMOY03i%5E*0OG%5BlV%3F18JC%3A%7EoHKRX99ujE&x=f6f9e4acbb49e082799034fd3d4c999afc43731f4edf06cff8bb0bf9dfbd41ce

2024-01-24 16:50:28

#Bitcoin is reshaping NGO and charity donations by eliminating intermediaries like banks and transfer agents. This leads to lower costs, including fees and administrative expenses, and quicker transaction settlements. It's a socially engaging, more involved approach to giving.
Each Bitcoin donation, regardless of size, can include a personal message, creating a live feed that uplifts those on the ground and acknowledges the generosity of contributors.
In #Lebanon, Rebirth Beirut are lighting up Beirut's streets, enhancing safety for residents and boosting local businesses. They accept both on-chain Bitcoin and Lightning payments.
Discover more about their inspiring work: https://rebirthbeirut.org/

2024-01-17 16:57:10

Jamie Dimon is a hypocrite. He constantly talks about Bitcoin being used for illicit activity, yet in reality, the USD is the preferred medium of exchange for such purposes.
The firm he leads, JP Morgan, has made countless headlines for the wrong reasons. Their track record in honesty and ethical behavior is a joke.
Don't trust the bankers. They have quite the business model:
✔️ Take on customer deposits.
✔️ Speculate and take excessive risks with the money to generate a profit.
✔️ Create money out of thin air in the form of loans to generate more profit.
✔️ If things don't work out, get bailed out by the central bank with taxpayer money.
In other words, they are in the business of nationalizing the losses and privatizing the gains.
Choose #Bitcoin.
https://image.nostr.build/e4fc6ddd26ab0bd97be705c71ff249b1eba8dc94333fd5890b0d052604b5683e.jpg#m=image%2Fjpeg&dim=761x774&blurhash=%7C4QJ%2BT00%7EqM%7B-%3B%25MxuxuxuIUt7%25MM%7BWBxuj%5BRjayD%25IU%25MjtWBxuRjofj%5Bx%5DIURjt7RjxuRjj%5Bof_3%25MIUWBofNGRjt7ofof%253t7M%7BofoeWBofRj%3FHofM%7BxuxuRjayj%5BWB9Fxut7IU%25MRjayofR*%25MWBM%7CWBM%7Bayofayae&x=84541773dff3245bdc71932d09b4fe703cf40e482ce3ef7e6070814d338e2520

2024-01-09 17:47:31

#Fiat currencies are fundamentally flawed. Among these, the #USD is considered as the best of the worst, primarily due to its status as the world's reserve currency and its relative stability compared to others. Yet, its global dominance is a double-edged sword. The centralization of the world's monetary system, coupled with the extensive use and influence of the USD, has had a negative impact on global society and economies. It has contributed to widening the wealth gap and has constrained the growth of underdeveloped economies by exporting its monetary inflation.
#Bitcoin fixes this.

2024-01-09 16:46:36

Not your keys, not your coins.
#Bitcoin self-custody and UTXO management are foundational principles.
They are the primary contributing factors to individual empowerment and freedom.

2024-01-08 22:45:42

#Bitcoin is more than an investment asset.
https://image.nostr.build/4a4170a0615108a40fb295c843175d5d535ec423af55f7e1cc144db37d8172d0.jpg#m=image%2Fjpeg&dim=1024x1024&blurhash=U7EB%7BQIp01k%3F0V%5D%7EwGx%5E0157%5E%24t7%7E94pR%3B%25J&x=ea9e683f86ea462abca5a50ff5c7af743ccd546164455685cfbe5d88a95f621e

2024-01-08 16:36:34

"With great power comes great responsibility" - Uncle Ben.
He was talking about #Bitcoin self-custody.

2024-01-08 13:55:15

The institutions are at the gate.
Some best practices:
1) Self-custody your #Bitcoin savings using a cold wallet.
2) Make sure your seed phrase is backed up properly.
3) Manage your UTXOs.
UTXO management will be increasingly important as more people adopt Bitcoin as a savings vehicle.
Take the time to learn about it. Message me if you need help or a walkthrough.
cointelegraph.com/news/spot-bitc…

2024-01-04 21:51:56

WE the 99% + #Bitcoin  > THEM the 1% + #USD

2024-01-03 18:49:44

January 3, 2009 - Genesis. The Silent Revolution.
The Great Financial Crisis will be remembered as an inflection point where governments and central banks around the world became unhinged. They removed all restraint, manically exploiting their monopoly on money, much to the detriment of those they were elected to serve.
Trillions of dollars were conjured out of thin air to bail out banks that had recklessly gambled with customer deposits. This move erased the hard-earned savings of many, forcing others to bear an insurmountable debt burden, a legacy that will be left for future generations.
In the end, no one was held accountable. The bankers, meanwhile, amassed enormous bonuses.
The Occupy Wall Street and Tea Party movements symbolized attempts to counter the establishment, but ultimately, they fell short. Without an alternative system, overturning a broken one seemed impossible. Our dependence on it was clear. Our voices, merely echoes in the void. True change, it appeared, required concrete actions, like opting out of the existing system. Anything less seemed futile.
Here are some of the headlines from that era, etched in our collective memory:
"U.S. Government Unveils $700 Billion Bailout Plan to Rescue Banks" - The New York Times, September 20, 2008.
"Congress Approves Historic Financial Rescue Package" - USA Today, October 4, 2008.
"Citigroup Gets $45 Billion Bailout from U.S. Government" - Bloomberg, November 24, 2008.
"Bank of America Receives $25 Billion Bailout; Wells Fargo and JPMorgan Chase Also Benefit" - Los Angeles Times, October 14, 2008.
"AIG Bailout Hits $180 Billion: The Largest Ever" - CNN Money, November 10, 2008.
"Obama Administration Announces Additional $30 Billion for Bank Bailouts" - The Washington Post, February 10, 2009.
"Financial Giants in Crisis: Citigroup and Bank of America Struggle Despite Bailouts" - CNBC, March 2, 2009.
"Credit Crunch Spreads: European Banks Face Bailouts" - The Guardian, October 13, 2008.
"Federal Reserve Launches Plan to Buy Up Toxic Assets" - The Wall Street Journal, March 23, 2009.
"Crisis Deepens: U.S. Treasury Takes Stake in Major Banks" - Financial Times, October 14, 2008.
"European Union Launches Massive Bailout Plan for Banks" - The Guardian, October 13, 2008.
"Bailout Backlash: Public Outrage Grows Over Bank Rescues" - CNBC, October 21, 2008.
“Chancellor on Brink of Second Bailout for Banks" - The Times, January 3, 2009.
On January 3, 2009, a pivotal moment arrived. An anonymous individual or group, known as Satoshi Nakamoto, launched the #Bitcoin protocol. This marked the inception of a decentralized monetary system, immune to manipulation and political influence. Satoshi, through Bitcoin, provided the alternative we desperately needed.
Opting into this new system meant opting out of the old. They are mutually exclusive; as one gains traction, the other weakens. Today, on this genesis day, we remember and are grateful for the fighting chance we've been given. Thanks to Bitcoin, we finally stand a chance.
Study Bitcoin.

2023-12-28 20:36:55

Don't be fooled.
Universal Basic Income over the long term only benefits those closest to the money printer, mainly high net worth individuals, large corporations and government institutions.
Why?
Let's use Canada as an example.
The population is currently around 38.25 million Canadians.
To keep this simple let's assume that each individual was to receive $2000 CAD in UBI per month.
That's a total of $78.5 billion CAD per month or $918 billion CAD per year.
As per the following annual financial report for the period 2021-2022, total revenue for the government of Canada was $413.3 billion CAD.
https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2022/report.html
Without factoring any expenses and considering UBI as an add-on vs a replacement to welfare, the government would need to find another $504.7 billion CAD to pay for it.
Where would this money come from?
Deficit spending!
The government will issue bonds that will be monetized by the central bank. In layman terms, the central bank will buy these bonds from the government.
Where does the central bank get the money from?
It creates it out of thin air!
The central bank isn't a business, and as a result doesn't produce and sell anything. Their mandate is to oversee the monetary and banking system and to manage the supply of money within the system. Because of their monopoly on money, they also have the ability to create money.
What happens when the supply of money increases within the economy?
Assets, such as stocks, bonds, real estate, etc. go up in price. Why? When money is added to the system, the economy does not instantaneously create new goods to accommodate the surplus of dollars. More dollars are going after the same number of goods, and as a result the price of goods goes up. Those who own assets, usually the more privileged, will be better off in comparison to those that do not own assets.
To make things worse, newly created money does not reach everyone in the economy at the same time. Think of an empty cup that you pour honey into. The honey will concentrate in the middle before gradually making its way to the outer edges of the cup. New money is distributed within the economy in the same way. Those who are closer to the center, i.e. the central bank, will have access to new money earlier on. They have the assets and political connections that allow them to take out loans more easily and cheaply than the average salaried individual. They use the cheap money to buy more assets at pre-inflation prices. By the time the new money reaches the general population, the value of these assets has increased, making them unaffordable.
Over a long enough time horizon, UBI will only make life more expensive and unaffordable for the people it is supposedly trying to help.
UBI will amplify the debasement of the currency, wiping out the vast majority of the population's purchasing power.
#Bitcoin fixes this.
https://image.nostr.build/1b45d48c728feceff733fc75b17d96446bbef4526cf1a111a995e2aa705b5323.jpg#m=image%2Fjpeg&dim=1024x1024&blurhash=UQDS%5D.Rj4nae_NWBIANGxuayS4Rjt7f5t7WB&x=6cf90c3d752c02eaf4383579a686770efe73de49eb585b3a979676bc5bead7cc

2023-12-24 15:04:56

Intrinsic value is subjective.
Over half the world, either unbanked or under authoritarian / oppressive regimes, finds immense value in #Bitcoin.
It empowers them to be their own bank. It facilitates global transactions, and therefore enables prosperity over time.
In environments where censorship and confiscation regularly occur, Bitcoin, when properly stored, offers a solid defense against oppressive regimes.
For many facing persistent high inflation, Bitcoin isn’t just an alternative, it’s a necessity. Despite its volatility, it has consistently demonstrated long-term value preservation, unlike devaluing local currencies in such areas.
Precious metals are hard to transport, challenging to use for global commerce, and difficult for the average person to authenticate. Bitcoin is none of these things.
History shows us that gold can be confiscated. Storing large amounts of gold is risky and expensive, leading to reliance on third parties, and as a result, introduces counterparty risk. Look at Lebanon, where bank trust led to devastating losses. Those that held Bitcoin came out unscathed. Bitcoin removes counterparty risk from the equation and can be hidden in plain sight.
The use case is much more apparent outside of the west, but still applicable to it. For many around the globe, Bitcoin's value is not just theoretical. It's a practical, empowering tool, offering financial freedom and security.

2023-12-22 17:57:05

What are you giving your loved ones this holiday?
#Bitcoin the gift that keeps on giving.
Whether awareness and education or Satoshis, it doesn't matter.
https://image.nostr.build/f1c8a11d23bf3d0ce6b210322083f88b838bebbb67e30c13d79cf513a77c5580.jpg#m=image%2Fjpeg&dim=1024x1024&blurhash=UAF%7C-tTKH%5B%5BU%7Ds%3D_I%3AE104-6XREkR%25D%2CV%7BXm&x=f5cc021ca3511c81cd6bde20253f1665a8e6fb6a929ea45898f343a5e2242acf

2023-12-21 16:45:20

The saying goes, "#Money doesn't grow on trees", implying that money must be earned through hard work and cannot simply appear magically.
It kind of does though because it's printed out of thin air at the central bank.
#Bitcoin fixes this.
https://image.nostr.build/07b00e0f52b4df570c23b21cc90f5cd80fadfaa28011b115e4f3820e835e0817.jpg#m=image%2Fjpeg&dim=1024x1024&blurhash=UMJ*q.%5E%23o%244%5Bk%5Dx_M%7EtQ5XJAIo%25KkqkrIUE2&x=6e38667aa55a0663d7b5ac552c3e026e8f68f41e4da905916cf233892ed819b8

2023-12-20 16:31:50

Government intervention in any sector of the economy leads to inefficiencies, waste, and inferior products and services. This also applies to money, where deficits, money printing, and interest rate manipulation create market distortions and result in malinvestments – investments that would likely not occur in an intervention free market. Ironically, central banks, which were supposedly created to stabilize financial markets and control economic booms and busts, contribute to these and exacerbate them significantly.
#Bitcoin fixes this.

2023-12-19 19:06:36

UTXO management is a specialized subset of asset management in the #Bitcoin space. It's akin to rebalancing a traditional investment portfolio. In this context, your Bitcoin portfolio is an aggregate of various Bitcoin UTXOs, each needing strategic management for optimal efficiency and privacy.

2023-12-19 17:07:04

UTXO management is critical in #Bitcoin and goes hand in hand with self-custody. The size of your stack doesn't matter as much as its UTXO distribution.
Mastering UTXO management is key for optimizing your Bitcoin experience.

2023-12-15 16:29:09

We may snarl and growl at each other like wolves, challenging ideas within our pack. Yet, like these resilient creatures, our unity in purpose binds us. Different paths, same destination. Together, we navigate the wilderness, driven by a shared vision of hyperbitcoinization.
#Bitcoin.
https://image.nostr.build/f15bf2e7929c86708c91d0e470e8070a4781f453bdd9972a8fb7a477495c24d3.jpg

2023-12-15 15:12:25

Value in goods / services isn't intrinsic but a personal judgment based on our needs and circumstances. It is a mental construct. This contrasts with the academic "intrinsic value" definition, that aims to “objectively” measure an asset's worth using "scientific” data. The Austrian school echoes this subjective stance, highlighting value as a personal, individual assessment.
It’s time to move beyond #Keynesianism."
#Bitcoin.

2023-12-15 13:50:38

Aggregating human behavior in modern economic models is flawed and misleading. It oversimplifies diverse, irrational human actions into unrealistic, rational models. This approach ignores emotional, social, and cultural influences, leading to inaccurate predictions and as a result harmful policy decisions that affect everyone. It's a dangerously narrow view of complex economic realities.
We are at the mercy of a few individuals that are running the global monetary system using a flawed and unrealistic scientific approach to a non-scientific matter.
#Bitcoin fixes this.

2023-12-14 17:40:36

We are all in this together.
We are all Satoshi.
#Bitcoin.
https://image.nostr.build/e5233eb027a81fa027571f64ac9e451ffca71ffbbae13dec480aefab6400841e.jpg

2023-12-14 16:51:18

The upcoming FASB accounting changes in December 2024 will significantly impact corporate inclusion of #Bitcoin on balance sheets. Key changes include:
Valuation: Transition from an impairment model to a fair value model, allowing immediate recognition of value fluctuations.
Reporting: Shift to standardized, detailed, and transparent reporting practices.
These changes are a major step towards corporate and institutional adoption of Bitcoin.
bitcoinmagazine.com/markets/bitcoi…

2023-12-14 14:52:07

#Bitcoin is to money what the Internet was to communication.

2023-12-13 21:33:41

Back to exuberance.
The Federal Reserve is looking to pivot next year. The 'higher for longer' narrative is a lie. This isn't solely because high interest rates are hurting the public, but primarily due to the spiraling interest costs on government debt.
A return to printing money and easy monetary policy is inevitable.
Prepare accordingly.
#Bitcoin.

2023-12-13 16:02:40

In truth lies hope.
#Bitcoin, an immutable and transparent ledge is the truth.
Therefore, Bitcoin is hope.
https://image.nostr.build/04c3fc154fd64c95a252e0a178de0d4bf4ae08704f4c1f0423006d78340f510e.jpg

2023-12-13 03:05:24

#Bitcoin is a blackhole that will absorb all monetary premiums.
https://image.nostr.build/6f0197cfbff186c75ddf9acacd58cb5195f066f1db25c7ed8589ad54f25c6008.jpg

2023-12-12 13:55:59

The more I study central banking and fractional reserve banking the more committed I am to #Bitcoin.
If only the general population knew what happens under the hood. They'd revolt and opt out immediately.

2023-12-11 22:23:11

Fix the money first, get creative later.
#Bitcoin.

2023-12-11 22:22:40

She is pushing for surveillance and control measures.
She is against #Bitcoin because it empowers our self-sovereignty.
Reject this bill.
Nearly all money laundering and terrorist financing is done through the traditional banking system using the USD.
https://bitcoinmagazine.com/markets/us-senator-elizabeth-warren-introduces-bill-to-crack-down-on-bitcoin-and-crypto?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share

2023-12-10 16:20:30

Is it really necessary to talk about #Bitcoin price?
I understand it gets people excited, but I just worry it becomes the only thing that matters for newcomers.

2023-12-06 22:56:14

#Money is a tool meant to facilitate exchange, serving as the measuring stick for valuing the time and energy we spend (i.e. our labor).
Why should anybody, especially a group of privileged individuals, be able to manipulate it?
Having money with a fixed supply would enhance efficiencies and level the playing field.
#Bitcoin.
https://image.nostr.build/d12df62eacd75b2da9bde6df95eb30a73b13f11029435fb0b3423480a2caefc5.jpg

2023-12-06 16:55:49

If they were wrong about #Bitcoin becoming irrelevant, what else are they wrong about?
One thing that comes to mind are #CBDCs.
https://cointelegraph.com/news/bitcoin-up-170-since-ecb-last-gasp-16-4-k

2023-12-05 16:15:38

- reply

I wonder about that too 😉

2023-12-05 15:48:30

The way I see it, your allocation to #Bitcoin should be proportional to your understanding of Bitcoin.
As your understanding increases, your allocation increases.
This helps no-coiners have a smooth onboarding experience.

2023-12-04 21:49:19

There are many hurdles to overcome as a new Bitcoiner.
To name a few:
The violent price action and anxiety that comes with it.
The relentless influx of FUD narratives constantly testing your conviction.
The never ending studying required to stay informed.
The skeptical looks you get from friends and family.
The patience required to see it all unfold.
You will be thoroughly tested.
However, by the end of it your conviction in #Bitcoin will be unshakable.
https://image.nostr.build/168b2c893447bf6289115fcbbe144fe288ccc912b2ab386540f4d28073644dc9.jpg

2023-12-04 17:15:49

Savings should be difficult and painful to spend; they embody the energy and time you invested to create value.
Protecting your savings is analogous to protecting the time and energy you spent.
#Bitcoin is the ultimate savings technology. Unlike #Fiat money, it is designed to maintain its purchasing power through its immutable fixed supply. Therefore, spending Bitcoin savings should be extremely more difficult and painful than spending Fiat savings.
https://image.nostr.build/66bfab1a4e5b9295ac01598113148fcd2af412dfb412e5f3235b2eaa7819bff3.jpg

2023-12-04 15:37:27

Owning and properly securing your #Bitcoin is a low time preference endeavor.
It takes time to build conviction and to acquire the necessary skills to confidently hold and secure this asset.
I promise you it's all worth it.

2023-12-01 22:48:38

Many struggle with the concept of #Bitcoin lacking a designated leader. A figure to hold accountable if anything were to go wrong. This absence of a central authority often prompts skepticism, with individuals labeling Bitcoin as dubious, a scam, or a Ponzi scheme.
They usually ask:
What if the creator reemerges to alter the code?
Could there be a covert backdoor allowing Satoshi to rug users?
As Bitcoin enthusiasts, our common response involves emphasizing the open-source nature of the code, making it auditable by anyone. However, our response tends to be overly simplistic, offering a superficial answer to a complex and unconventional system. It's important that we transcend this mindset.
In reality, our history is packed with centralized entities. Having a clear target to go after provides a level of comfort, even though seeking justice is often difficult, time-consuming, and unattainable. The aftermath of the 2008-2009 financial crisis serves as an example. Banks, engaging in excessive risk-taking with depositor savings, triggered a catastrophic collapse. Lives were upended, jobs were lost, and yet, the leaders and public figures responsible remained immune to prosecution.
The crucial point is that being able to identify a leader in a corrupt and unjust system offers no real benefit as our ability to confront and find vindication against them is a mere illusion.
Centralized systems project an illusion of safety and accountability, relying on our trust and blind faith to function. The fact is, they are inherently corruptible and susceptible to the flaws of human nature.
Satoshi Nakamoto eliminated the need for such trust.
In doing so, a decentralized monetary system emerged - Bitcoin.
The desire for a recognizable figure to steer the ship arises from the need for someone to be held accountable if the ship sinks.
But, if no one is steering the ship, and the ship itself is unsinkable, the need to hold someone accountable dissolves.
Bitcoin operates on an immutable set of rules. It is an unsinkable ship and therefore does not need a captain to man the wheel.
https://image.nostr.build/552290b3ee14eeaab7ffe2a06de4f83ddb202ceea6226491acfd9c947f35af8f.jpg
https://image.nostr.build/ea739aeb8bf10d3b774c57cdb8034363ff9f842cc593145e69ce7776604db185.jpg

2023-12-01 19:23:12

NO!
Don't let them fool you and gaslight you.
#Inflation is caused by the expansion of the money supply and deficit spending.
When you create money out of thin air, goods don't magically get created.
The result is more money in the system for the same amount of goods.
Put simply, if you double the money supply and the amount of goods remains the same, the price of these goods doubles.
Don't fall for the narrative. It's not your fault, it's THEIRS.
#Bitcoin is the solution to inflation.
https://www.theatlantic.com/ideas/archive/2023/12/inflation-prices-buying-habits/676191/?taid=656a1f435c7c740001a9cc57&utm_campaign=the-atlantic&utm_content=true-anthem&utm_medium=social&utm_source=twitter

2023-12-01 17:44:13

Not your keys, not your #Bitcoin.
ALWAYS self-custody. DO NOT be complacent.
Be your own bank and don't trust anyone else with the fruits of your labor.
https://image.nostr.build/691d00c2fd10401ad72ec8982565db62029ef246d752a3ff3fbccca6fe7f8d37.jpg

2023-12-01 15:31:18

#Bitcoin is to modern man what fire was to Homo Erectus.
However, the threats have evolved. Today, politicians, central bankers, and bankers pose similar challenges as the weather, wild animals, and the darkness did to Homo Erectus.

2023-12-01 14:02:46

I don't think the halving is priced in.
Have we ever experienced a 50% supply issuance cut before for a hard asset?
As adoption increases and given the fixed total supply of #Bitcoin the halving may have exponential consequences on price.

2023-11-30 22:03:17

Predicting human behavior, especially on a mass scale, is an impossible task. However, #Keynesian economists believe otherwise. One of their primary assumptions is the rationality of market participants, based on which they construct models and aggregates to forecast human responses to various policies. This assumption, however, falsely categorizes economics as a natural science when, in reality, it is not. If predicting the reaction of one individual is inherently challenging, how can we claim accuracy in predicting the responses of millions?
Learn about Austrian economics.
Study #Bitcoin.
https://image.nostr.build/7091e95037c430fc899b778bc8e31db061020b683b1051ba7dd638e7ddeafbaa.jpg

2023-11-30 16:10:52

#CBDCs will most likely be pushed on society and the general population will not have a say in it, even if data points to not wanting it.
https://cointelegraph.com/news/digital-canadian-dollar-fails-impress-residents-despite-high-awareness
#Canada and other nation state governments will use the 'for the greater good' narrative to justify a shift to surveillance and control policies, even though the greater portion of their population rejects the idea.
#Bitcoin is your most practical vote out of this.
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2023-11-30 15:30:07

Getting back on a gold standard isn't going to and shouldn't happen. Gold is too slow and as a consequence will always centralize over time.
Don't get me wrong. Holding physical gold is a good diversifier and hedge. However, moving it is a problem, especially during a crisis when you would need it most.
#Bitcoin solves all of the inherent problems in gold.

2023-11-30 01:21:25

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Based on some research I've seen 50% or so. Hard to know exactly. So many assumptions.

2023-11-30 00:44:40

Real estate is a depreciating asset, with prices rising due to artificially created demand from a combination of bureaucracy and gatekeeping, and it being perceived as a store of value and a hedge against inflation.
The excess value over utility is the monetary premium attributed to it. However, real estate is complex and costly to maintain.
As more people understand #Bitcoin, some, if not most, of this monetary premium will likely shift into Bitcoin.

2023-11-29 21:36:32

Don't trust. Verify.
#Bitcoin.

2023-11-29 15:46:58

Keynesian economists often argue that a little inflation is beneficial and necessary for the economy but fail to answer the most basic of questions: How much, and who gets to decide?
The Federal Reserve is mandated to target 2%, yet when asked why that specific number, no rational answer is ever given.
That 2% is a sweet spot, where they dilute the population's purchasing power without inciting a revolt.
Opt-out and take away their monopoly on money with #Bitcoin.

2023-11-29 14:27:47

Why don't we apply 'if you have nothing to hide, you have nothing to fear' to politicians, bankers, and central bankers?
Why are they treated differently? Shouldn't we gain access to their financial records as they have to ours?
Their opacity is a double standard and #CBDCs will make this worse.
Opt-out with #Bitcoin.

2023-11-29 02:34:27

The USD has no intrinsic value. The argument that it is backed by the US government and its military has no bearing on intrinsic value.
#Bitcoin is backed my physical energy. It requires capital investment and electricity to create.
In contrast, the USD costs nothing, trillions are created with a stroke of a keyboard.

2023-11-28 21:08:45

Can #Bitcoin reach $1 million per coin? Absolutely.
However, its importance and uniqueness extend beyond its price.
We need to shift the perspective from a fiat lens and focus on Bitcoin being the next step in the evolution of money.

2023-11-28 16:26:18

When central banks intervene in the markets by conducting open market operations (i.e. increasing the supply of money) or lowering policy rates the end result is always the same: an artificially lower cost of borrowing.
This creates distortions that encourage entrepreneurs to take on projects that would not otherwise be sustainable at the market determined cost of borrowing.
The economy becomes overleveraged and eventually leads to a bust when interest rates increase.
#Bitcoin fixes this.

2023-11-28 15:14:39

The #Bitcoin energy narrative is changing.
Dedicated Bitcoiners are diligently debunking baseless claims, revealing politicians' attempts to undermine your self-sovereignty and hinder your ability to transact freely.
https://cointelegraph.com/news/nic-carter-pro-bitcoiners-fight-climate-energy-grid-narrative-research-paper

2023-11-28 15:07:49

The 'for the greater good' narrative is simply a guise for control and surveillance. It will serve as a marketing tactic to promote #CBDCs.
Don't be deceived.
Learn about #Bitcoin.

2023-11-28 14:21:01

There will only ever be 21 million #Bitcoin.
It is the only absolutely scarce asset known to humanity, excluding time. This characteristic is the most crucial aspect of Bitcoin. Yet, grasping its significance is challenging, requiring a basic understanding of #money and the workings of the monetary system.

2023-11-28 01:16:13

#Bitcoin is the solution to inflation.

2023-11-27 20:05:57

#Bitcoin self-sovereignty requires diligent effort but is critical. It stands as the sole means to safeguard our ability to transact, a fundamental tenet of our freedom.
This empowering tool should prompt you to scrutinize any negative narratives propagated against it.

2023-11-27 16:07:35

It's astonishing to witness the defeatist mindset that has permeated society due to the Cantillon effect and central bank interventionism. This sentiment is understandable, considering decades spent under a rigged monetary system that disproportionately benefits the wealthy and politically connected, with no viable opt-out option.
Things will change as people realize #Bitcoin is that exit.

2023-11-27 14:38:13

Governments create social programs to address the issues they create themselves. In doing so, they make the problem worse, requiring more social programs. It's a vicious cycle.
Problem: government intervention.
Tool: central banks increasing the supply of money (i.e. printing money).
Consequence: the dilution of the currency, mainly affecting non-asset owners (i.e. loss of purchasing power).
Conclusion: the rich get richer (i.e. asset owners) and the poor get poorer.
Solution: a fixed supply asset such as #Bitcoin that cannot be diluted.

2023-11-27 13:43:52

"Comforting thought"... We haven't reached the tipping point yet. When we do there will be nothing comforting about it. Except the existence of #Bitcoin.
https://twitter.com/WSJmarkets/status/1729102456145985649?t=JFjKrQWAyNn_tB1RkGfreQ&s=19

2023-11-25 18:26:45

#Fiat oppresses.
#Bitcoin liberates.

2023-11-25 16:41:15

What happens when global demand for US treasuries reaches an inflection where it's no longer enough to support the USD standard?
Once trust in the US is broken the house of cards will collapse.
That moment is when most no-coiners will get off a zero allocation to #Bitcoin.

2023-11-25 16:08:04

Gold is often touted for its high stock-to-flow ratio (i.e. total circulating supply divided by new yearly supply) and scarcity.
Gold's scarcity is dependent on many factors - mainly mining technological advancements that might make it easier to extract and newly discovered deposits. It's NOT absolutely scarce.
#Bitcoin, on the other hand, is programmed from the outset as an asset that IS absolutely scarce. Nothing and no one will be able to change its supply, making it the best savings technology.

2023-11-25 13:34:08

The central bank, mandated as a lender of last resort (i.e. responsible for bailing out banks in precarious financial positions) for the fractional reserve banks distorts incentives and encourages them to take on excessive risks with customer deposits.
Consequently, bank losses under the excuse of being too big to fail are nationalized, shared and funded by the general population through the debasement of the currency (i.e. the expansion of the money supply).
#Bitcoin fixed this.

2023-11-24 21:21:49

Let's use football / soccer to get a point across.
Picture this:
- Your business is the striker.
- Your chance of success is the goal post.
Your actions and decisions are the ball trajectory.
- The cost of capital (i.e. interest rates, which are used to manage the supply of money) for your business is represented by the width of the goal post.
- The decision makers at the central bank are the referees.
To score, you would usually look at your target, and gauge the distance and the angle before taking the shot.
Now imagine doing so with the referees arbitrarily changing the widths of the goal randomly. The most likely outcomes:
- You’d hesitate and look at the target multiple times before pulling the trigger, and as a result, defense has caught up on you
- You’d hastily take the shot before the next change, causing you to lose accuracy.
This scenario describes what entrepreneurs have to deal with in our current system.
Under a fixed supply monetary system like #Bitcoin, the goal post width is constant, increasing accuracy and the chance of success for entrepreneurs.

2023-11-24 19:22:10

Low time preference is a cheat code. Delaying gratification in this day and age is a superpower. Over time, you become financially secure and mentally and physically healthy.
A debt-based system, such as the current one, inherently increases time preference, whereas a #Bitcoin monetary system lowers time preference.

2023-11-24 16:54:45

Government deficits and debt financing through the expansion of the money supply are theft from future generations. Their consequence is the dilution of the purchasing power of the currency.
We are taught in finance not to spend what we don't have. In other words, never use debt to buy what you currently can't afford to purchase with savings. Yet, the government does it all the time.
It's time we get on a hard money standard that keeps this type of activity in check.
Gold is not the solution.
#Bitcoin is better.

2023-11-24 15:53:05

#Bitcoin is grounded in physical energy through its proof-of-work consensus mechanism, while the #USD relies on debt, a promise of future repayment.
Unlike Bitcoin, the USD's proper functioning hinges on TRUST, making it structurally dependent on it.
Bitcoin is antifragile, while the USD is as fragile as human emotions.

2023-11-24 14:51:29

We are knee-deep in the "then they fight you" stage.
Even though Wallet of Satoshi has played a huge role in #Bitcoin adoption with its simple design and custodial approach, nothing beats self-custody.
https://twitter.com/walletofsatoshi/status/1727937085741678679?t=6mS7AgTuXLZbXEYBPXJPMA&s=19

2023-11-24 14:04:07

As a monetary system #Bitcoin is extremely simple in comparison to the USD.
It has a total fixed supply of money and a pre-deternined issuance schedule.
As a rule of thumb, less is more. In every facet of life we aim for simplicity. The monetary system should be no different.

2023-11-24 14:03:37

They will promise security, inclusion and privacy but they will deliver surveillance, control and oppression.
#Bitcoin fixes this by being permissionless, pseudonymous and apolitical.
https://twitter.com/ecb/status/1727990572302872963?t=BuBOFydtfr80BZEgBEs66g&s=19

2023-11-23 21:35:13

As a Bitcoiner, it's challenging to confront a room full of #Fiat-minded people. Nevertheless, I do it for their sake and mine.
#Bitcoin adoption.

2023-11-23 20:10:57

The USD monetary system is liabilities driven. For it to function properly, more and more debt is needed, making it extremely fragile. That debt is never repaid, and it's only a matter of time until what keeps it standing is rugged from underneath it: TRUST.
#Bitcoin doesn't require trust.