Featured
Following
294 days ago•••
4/20 day (and the halving and full moon) is next weekend.
the universe is aligning
303 days ago•••
#Bitcoin is rules without rulers
303 days ago•••
Auto-assigned seat 21A while I was doing a pre-flight #Bitcoin stack.
The universe is responding 🍄
303 days ago•••
Time to dump all the bcash and bsv shitcoins from my 10 year old paper wallets.
Pre halving stack
304 days ago•••
Fiat is a disease and #Bitcoin is the cure.
A thread from rajatsonifnance on X (I wish I can zap that, but anyone who zaps this I will donate the fiat equivalent to charity (temples / Homeless in Bangkok and Chiang Mai over the next 2 weeks, with photos if they consent to it)
- Fiat currencies are a way to steal from the general public.
- When the general public starts figuring it out, nobody wants to hold the currency and inflation starts rising.
- Every jurisdiction has its own currency because each government wants to extract its share of value.
- The buying power of fiat currencies is based on trust in a government or central authority.
- If that central authority chooses to create more currency, buying power is diluted and moved to the newly issued units.
- This means your money buys fewer things over time.
- Fiat currencies force everyone to invest just to keep up. (If you're not investing your wealth is being stolen)
- This is what happens when one central authority has so much power over the rest of the world.
- The Federal Reserve can create dollars for free while everyone else has to work for them.
- The US Dollar is the world reserve currency.
- The Fed has some authority over EVERYONE.
- The cost of living didn't start rapidly increasing until the world went off the gold standard in 1971.
- This is when the US officially defaulted on a loan for the first time.
- After 1971, the US dollar became fake money because it was no longer backed by gold.
- As a result, the US government can spend as many dollars as it wants without having to think about opportunity costs - it can just borrow as much as it wants at cheap rates.
- The Federal Reserve, the US central bank, buys US government bonds when nobody else wants to buy them.
- This means the US government has a blank check.
- If it wants to, it can easily fund things like bailouts for companies that are considered "too big to fail" and systematically important, or wars when it chooses.
- When governments can manipulate the money supply and favor certain companies, they don't allow the weak companies to be washed out of the system.
- All banks are insolvent.
- They would be bankrupt today if they weren't able to continue borrowing more money.
- The fiat system is designed to let banks extract wealth from the little guy forever - banks can keep borrowing as much as they want as long as we trust fiat currencies.
- A fiat currency system with fake money and no opportunity cost allows people to make bad decisions and recover from them without having to pay for their mistakes.
- All of this ends with the middle and lower class getting poorer and the upper class getting richer.
- Costs of necessities like homes have been increasing dramatically because of the availability of mortgages.
- Banks can continuously create more money by issuing debt because they know they'll be bailed out if something goes wrong.
- The people who understand the system take advantage by borrowing money and buying more homes than they need.
- The people who support the fiat currency system are the ones who benefit from it. You are their cash flow.
TLDR; Break the cycle and End the Fed
305 days ago•••
one of the few reasons why im hanging on to my iOS device - @npub1at0...wshk
306 days ago•••
ทําบุญ 4800 SATs ที่ เชียงใหม่
LOAD OLDER THREADS