Bitcoin is not Rising: The Dollar is falling
In a bustling city, excitement filled the air as people celebrated the news—Bitcoin had reached an astonishing $89,000. Crowds gathered, their faces beaming with joy, eager to ride the so-called wave of Bitcoin’s ascent. "It's a new high!" everyone cheered. They were certain this was the moment they had waited for, proof of Bitcoin’s unstoppable rise.
But in a quiet café, an older man sipped his coffee, a slight frown tugging at his lips. He watched the crowd and muttered under his breath, "It's not that Bitcoin is going up. The dollar is simply sinking."
Few noticed him, but one curious young woman approached, intrigued by his calm demeanor amidst the frenzy. "What do you mean?" she asked, glancing down at her phone to see the price climbing by the minute.
The man gestured to a chart on his laptop showing the U.S. dollar’s value over time. "Bitcoin isn’t rising, my dear. It’s standing still. It’s the dollar that's losing its footing, slipping further away from stability. Every day, it takes more and more of those dollars to buy what Bitcoin represents."
She furrowed her brow, staring at the screen, realization dawning on her. The excitement in the street was misplaced; people hadn’t yet noticed the weakening dollar’s impact on everything around them. Food, rent, gas—all creeping up, becoming more expensive not because Bitcoin was high, but because the dollar’s value was falling away.
He closed his laptop and gave her a small smile. "Bitcoin remains steady because it isn’t tied to inflation, politics, or printing machines. It just is. The world is changing, but Bitcoin doesn’t need to rise. The dollar is doing all the moving."
As he left, she stood alone, watching the celebration with a new perspective, realizing the true meaning of what everyone thought was Bitcoin’s rise. In reality, it was the dollar quietly fading into history.
If the price is 0 many people will think the value is 0.
When you raised the price you raised the value in their perception.
If I tell you my training program is sold at 9997 usd but today and will 10 X your return and make you almost 100.000 usd, but today you will get it at only 1997 which is only 25% of the investmentto make it a no brainer for you I ankered my value at a higher investment.
How much value will your design asset create for me and what is the transformation your asset brings in my life?
Tip: If you can print it it has no value.
The day I created an ERC20 smart contract with a storyteller coin STR and I created 100 trillion of that coin in just 3 min and was able to give everybody in my country 10 million of that STR coin and make them instant millionaires in STR coins I became a Bitcoiner.
It sank into me right away what Bitcoin is and what crypto is.
And I stopped talking BS about Bitcoin.
Do you think we could create a “Kind” or a NIP that helps us create a resume with career, jobs etc like Linkedin on Nostr?
I have the json format of a “linkedin profile”.
If I want to create a NIP called LinkedinNostrProfile so people can move their whole Linkedin profile to Nostr where can I propose that NIP? And how would I implement that?
I need to just load that json somewhere and use it in Nostr. Lateron I need to add to that profile so I need to store it in a database somewhere.
⏰⌚️⏳⏳🕰️🕛 The Time Machine of Fiat Currency
My father used to work for 100 USD a day 20 years ago. 8 hours, 100 USD.
He gave me 100 USD 20 years ago.
He had a friend, John, and John also had 100 Dollars. John gave his daughter a golden coin 20 Years ago. Lets assume that that golden coin was 100 dollars 20 years ago.
Enter the time machine. Imagine both men had a time machine, travelling 20 years in the future. Imagine my father putting the 100 USD in his time machine and it arriving today.
I pick up the 100 USD.
How much value did I get? Is this the same 100 USD? Yes.
But can I BUY the same amount if stuff with it?
No!
Why not?
Because they printed Trillions more of it. That’s why it’s purchasing power decreased.
The purchasing “power” or energy leaked.
My father worked 8 hours to get that 100 USD but his time didn’t make it.
With the rule of 72 you can calculate that if they created 7% more dollars every year, that in 72/7% = 10 years, half of the purchasing power leaked.
The US dollar leaked purchasing power.
It leaked half of my father’s 8 hours.
So after 10 years in the time machine only 50 dollars of purchasing power arrived or 4 hours of my father.
After another 10 years again half of my father’s time leaked. Or 25 dollars our of the 100 dollars of my father.
After 20 years I his son opened the Time machine of my father and picked up the 100 USD .
I only got 25 USD in purchasing power or 2 hours of my father’s work.
You see: by printing fiat currency at the rate of 7% per year… they stole 6 hours of my father or 75 USD.
Now imagine the friend of my father who converted his 8 hours of work into a golden coin and gave it to his daughter.
During 20 years the amount if gold has only increased with 1.5% per year.
72/1,5 = 48.
It will take 48 years until the golden coin’s purchasing power decreases by half.
So after 20 years there is still some time in that time machine for that daughter.
The daughter can pick up the golden coin and spend maybe 7 hours of her father.
Gold doesn’t leak time. Or energy.
Why?
Because they cannot print it like they want.
It costs energy to “print gold”. It costs energy to produce gold. And they cannot produce it at a rate of say 7% per year like they have been doing with US dollars (= fiat currency).
Now I give that 100 dollar of my father, worth 25 dollars to YOU.
You give it to your son or daughter in 20 years. You also have a time machine. You also can travel to the time machine. That traveling is called “Saving”.
Yes, when you save that is exactly what you are doing. Saving is using a time machine.
How much of that 25 USD ( remember the bill still says 100 USD, but we know that it’s purchasing power is really 25 USD and it’s decrease of value is USD 75), how much will your sun reveive in 20 years? How much of the 2 hours of my father’s time?
6.25 dollars or 50 cents!!! Remember every 10 years the value is cut by half.
25> 12.5 in 10 years (or 2 hours > 1 hour in 10 years)
And 12.5 > 6.25 in another 20 years (or 1 hour >0.5 dollar in 10 years)
Enter Bitcoin
If in 2014 I had jumped in that time machine and picked up that 100 USD, which was maybe 50 usd in purchasing power amd bought Bitcoins with it.
How much purchasing power would I have had now? How much hours of my father (4 hours left when I opened that time machine) would I have “created”?
You see: bitcoin is a FIXED supply.
They cannot create it at 7% per year!
They create it at a decreasing pace.
First we could create it at 50 per 10 min. After 4 years at 25 per 10 min. Then at 12.5 per 10 min. Then at 6.25 per 10 min.
It is harder to create Bitcoin every 4 years!
So unlike the US dollar it is harder to steal your energy every 4 years.
It gets 50% HARDER to steal your energy every 4 years.
Or technically your purchasing power DOUBLES every 4 years.
Or your time DOUBLES every 4 years.
So if I picked my father’s 100 USD after 10 years and it was worth 50 USD or 4 hours, and changed it into Bitcoin,
I would have STOPPED the decrease of his time.
I would have gotten 8 hours back after 10 years. So now I got 8 hours of my father.
And if I give it to my son he would have 16 hours in 4 years. 32 hours in 8 years.
Because Bitcoin becomes scarcer while they print more US dollars.
I’m not speculating about the doubling of Bitcoin’s value after each 4 years.
Do your own research. Don’t trust me.
But Bitcoin has this feature of being capped at 21 million.
So it can stop the leakage if your time.
It is scarcer than gold.
It is programmed like that.
Bitcoin can hold your value accross time.
💵💵💵💻💻 Fractional reserve banking versus Full reserve banking
Fractional reserve banking = you don’t need to spend any energy to create value
Full reserve banking = you need to spend a lot of energy to create value.
Fractional reserve banking ==> you can create value without spending energy and you can steal all the time people put into creating real stuff.
Full reserve banking ==> you need to spend a lot of energy and you cannot steal people’s time they put in creating real stuff.
It is about stealing your time. It is not about fiat currency.
The fiat currency is just a sleight of hands and sleight of words to disguise what is really happening.
If I can create fiat currency out if thin air and it took you 365 days to build your house, I can steal your 365 days of work. I can steal your TIME.
Time is all you got. Time is the ultimate value.
Fractional reserve banking = you don’t need to spend any energy to create value
Full reserve banking = you need to spend a lot of energy to create value.
Fractional reserve banking ==> you can create value without spending energy and you can steal all the time people put into creating real stuff.
Full reserve banking ==> you need to spend a lot of energy and you cannot steal people’s time they put in creating real stuff.
I wanted to read the New York Times news today about the ban of X in Brasil.
New York Times asked me to LOG in using Facebook, Google of Apple pay to be able to read the news.
This is the crazy matrix we are living in.
1. Join Nostr now for unstoppable social media.
2. Join Keet.io now for unstoppable chat.
3. Join Umbrel now for ustoppable (everything on your local node)
4. Join Zeus now for unstoppable non custodial Bitcoin wallet
https://m.primal.net/KYhb.png
How can you move your linkedin profile and resume to nostr? Any examples of people who did this?
I want to move my whole Linkedin resume to nostr and manage it here.
Is there a way to have a public nostr profile like your name and surname and then also a non public persona like storyteller? On one mobile phone?
Can you choose the persona you want to be on Nostr? I mean having like one general master key that manages both nostr public ids?
I watched the episode of Guy Swan and @BITKARROT on youtube and it was epic: https://youtu.be/pesH_pDJvWk?si=orIfq80scSZ7R8zh
Why you should watch:
- They talk about the whole peer to peer, nostr, pear ecosystem and hivetalk.org, so you get a general view of what is happening
- They have a vision of where this needs to go, do you want to stay in centralized sillos or do you want out
- They talk about monetization of open source, so if you are building a peer to peer app or on nostr or hivetalk you should pay attention
I don't know about you: but there so many golden nuggets in that show of the Pear Report # 4 that I, m going to transcribe that video and use it as study material and actions I should take.
Storyteller
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