GM from DK

#coffeechain

Years ago, I read a book that I still think about regularly. Unfortunately, I had forgotten its title and couldn't find it again despite an intensive search. Enter grok. Grok found it for me with two searches. The book is called "Holy Fire" and was written by Bruce Sterling.

When I read it back then, I wasn't a Bitcoiner yet. But since that changed, I've been reminded of one aspect of this book more often. It's set in a medium-term future on Earth, where there are very wealthy elderly people. However, the majority of the population lives on money given to them so they can satisfy basic needs. The important distinction is that there are two different types of money: the valuable money that the elderly, wealthy people possess. And then the money that is given to the population to buy things like rent, food and clothing. But with this inferior money you can't, for example acquire land, buildings or other capital.

Through my journey down the Bitcoin path, I can easily imagine all of this as a possible, realistic future.

#book #future #money

Imagine Greenland being a part of USA instead of Denmark. Everything for the average man/woman in Greenland will just be worse. Nomore government payed healthcare, education, and subsidies for the people who has less.

It makes zero sense for the people of Greenland voting for that outcome.

The best time to buy Bitcoin was 15 years ago. The second-best time is now.

So there is a second-best... 🤔

Get #Bitcoin.

nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpzpmhxue69uhh2uewwf38ytnzd9hsz9thwden5te0dehhxarj9ekkzmrfdchx7mnvj9pztr hey Lyn, we are a group of Danish bitcoiners who would love to translate your Broken Money book into Danish. Bitcoin Standard, Fiatfood and others are already translated by some of us. Please hit me up, if your up to us doing it and a talk about your terms. 🫂

Not to bad.

LOL

Ich habe kürzlich in einem Podcast gehört, dass der Sprecher davon ausgeht, dass höchstens 10-15 Prozent der Menschheit in Zukunft bitcoin in self custody halten würden. Das ist eine realistische Möglichkeit. Als Bitcoiner dachte ich mir zuerst, dass das nicht gut ist. Jetzt ist mir jedoch aufgefallen, dass selbst wenn nur ein kleiner Teil seine bitcoin selbst verwahrt, es dennoch besser ist als jede Alternative (bisher). Denn es ist verlgeichbar mit dem Gold-Standard insofern, dass die geldausgebenden Institutionen einen Rahmen haben, den sie nicht ausweiten können. Ich meine damit, dass selbst während eines "echten" Gold-Standards, die meisten Menschen nicht direkt mit Gold zu tun hatten. Die Besonderheit ist, dass sie jeder Zeit die Möglichkeit dazu gehabt hätten. Und das ist bei Bitcoin genau so.

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I recently heard in a podcast that the speaker believes that at most 10-15 percent of humanity would hold bitcoin in self-custody in the future. That is a realistic possibility. As a Bitcoiner, I thought at first that this was not good. But now I have realized that even if only a small part holds their bitcoin themselves, it is still better than any alternative (so far). Because it is comparable to the gold standard in that the money-issuing institutions have a framework that they cannot expand. What I mean by that is that even during a "real" gold standard, most people did not have direct contact with gold. The special thing is that they would have had the opportunity to do so at any time. And that is exactly the case with Bitcoin.

Get #Bitcoin.

#custody #gold

Denmark has a historic low dept to gdp. 7.4%. We will soon be debt free. Maybe time to lower the tax now a little bit.

nprofile1qqswfa547pdmqkerzf2uen3agudc67wxffjmenqpge3dylc006fppyspz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3wamnwvaz7tmjv4kxz7fwvehh2mn5v95kutnxd5kgec42 looking at this when I pushed the Home Screen button makes me thing that the next you should be concentrating on is UI. What a mess:-) 🫂

How to fail up:

Former NATO press spokesman Jens Stultumberg will take up his new position as press spokesman for the Munich Security Conference (MSC) next year.

The Munich Security Conference is an annual meeting of politicians, military officers and businessmen where they tell each other how important world peace is while simultaneously selling weapons and fomenting conflict. Simply put: a large gathering of people who consider themselves security conscious, but are mostly only interested in protecting their own interests and business.

#NATO #Stoltenberg #MSC

As a German, I can finally imagine how it must have felt for outsiders when they saw what the National Socialists said and did. And how powerless one feels in the face of such great injustice.

#WarCrimes

This picture is a screenshot from "Forbes". It tracks the change in fortunes of the "richest" people. The average change in both directions is about 3.000.000.000 $. Per day. If I use an average hourly wage of 30 $ and an average of working 2.000 hours per year, it would take 50.000 years to earn three billion Dollars. Without taxes and expenses.

#Billionaire #Dollar #Forbes

RT has published a very interesting website. On it you can watch videos of Vladimir Putin's speeches. These videos were translated into English using AI. The language, voice and lip movements were adjusted.

#Putin #RT #Russia

Interesting acronym.

#ISIS.

Saifedean Ammous in "241. Austrian economics intro with The Bitcoin Way".

#Bitcoin.

#meditation

Nachdem England mit der Industrialisierung begonnen hatte, hatten sie auf diesem Gebiet einen Vorsprung gegenüber anderen Staaten. Als Deutschland nach Jahrzehnten des Rückstandes sehr schnell aufholte, war England darüber besorgt, dass Importe aus Deutschland die eigene Produktion gefährden könnten - sowohl was den Preis als auch was die Qualität anging. Deswegen wollte England die deutschen Produkte markieren, um darauf hinzuweisen, dass es Produkte minderer Qualität wären. Das ist der Ursprung von "Made in Germany". Ironischerweise hat das genau das Gegenteil bewirkt, in dem es zu einem Siegel für Qualität wurde.

Ich habe das Gefühl, dass Deutschland heute genau das gleiche mit China versucht.

#Deutschland #England #China

Habt ihr eure Sats alle im Trockenen?

#Bitcoin.