Finally have some incoming from family members on Bitcoin. Asking on resources to do some PoW. Mentioned -

The Bitcoin Standard - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

Multiple DerGigi articles - Pow, language we use, Dear Crypto Bros nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc

3Blue1Brown videos : how Bitcoin works, how large is 2^256

Bitcoin for beginners on nostr:npub10atn74wcwh8gahzj3m0cy22fl54tn7wxtkg55spz2e3mpf5hhcrs4602w3  nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc on nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z investors podcast. Getting riled up on PoS (loved it).

Two bitcoin courses on saylor.org

Broken Money nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

Any other thoughts?


This episode by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak is actually super insightful. I had never before considered interest rates as a proxy for Time Preference and central banks messing up or ability to measure the value of our time.

Study #FITS

#bitcoin only. #EndTheFed

https://fountain.fm/episode/aFFxavMqC9LLvzHJZGIi


The podcast just dropped a promo and nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  is dropping facts about  Central Banks. #bitcoin FTW https://video.nostr.build/57e6d5d63a1304d9f963f735d51820e112aa4b8671db4e5b6f443faa01eabac9.mp4


Why save in #Bitcoin?

"Bitcoin serves as a monetary lifeboat for people forced to transact and save in monetary media constantly debased by governments".
-  nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

The #Bitcoin Standard
https://saifedean.com/tbs


Two reasons why people don't like to focus on the price of #bitcoin according to nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak.

[via episode 245 of *The Bitcoin Standard Podcast*]

https://fountain.fm/episode/2pMf6Uz8veMmxdIkWEgl
https://nostrcheck.me/media/633060d97076f9d00e9d57b912ab5b7c75be562e465951c2cbc4d6de110d9d73/6fac42f41fbdd62f0aa7fb2f0ce611078cea27aa47ec740d9eac38e2d7be94b7.mp4


Bitcoin isn't "cool" or "awesome" new tech. It's an ugly contraption optimized to be neutral apolitical money, not for your user experience.  It's not the toy you want, it's the medicine you need.
Like it or not, it's your best chance for living in a free market with sound money.
 - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#BitcoinTwitter
https://bitcointwitter.web.app/images/v3/487.png


"Fiat is a way of getting everyone to be a debt slave with no potential of thinking for the future & therefore little prospect for civilization & wanting a better life for your future self"

—  nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://video.nostr.build/bca7949d4df3b02d5d3f28369cd961cb88661952426fca45eecac0972415a33b.mp4

#bullishbounty


I've had him on my podcast before!


Swan collaborated with the Tuttle Twins on their Bitcoin Sequel featuring Max Keiser, nostr:npub1pq2ll9l7qdmxsfqyrd5w9gul8c7ftqy9yepcqvc8a2l2ys9zhd6sk42rew, nostr:npub1ahxjq4v0zlvexf7cg8j9stumqp3nrtzqzzqxa7szpmcdgqrcumdq0h5ech Brunell, Cory Klippsten, Peter McCormack, nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 And nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Ammous

Debut on Oct 16th at LABITCOINWEEK.COM

#Bitcoin #TuttleTwins #AngelStudio #Swan
https://m.primal.net/LMUn.png


“What Has Government Done To Our Money” by Murray Rothbard

Ordered this for Kindle based on recommendation from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Ammous during a podcast.

Ammous also recommends Rothbard’s “America’s Great Depression”

Excerpt: The Great Depression was not a crisis for capitalism but merely an example of the downturn part of the business cycle, which in turn was generated by government intervention in the economy.

https://amzn.to/3TRmlBH


What I just can't wrap my head around:

You confront specific Muslim authorities with the fact that fiat money is created through riba (originating from loans with interest), and they say nothing. I don't mean ordinary Muslims, but scholars who engage in economic issues or entire institutions and companies that have literally made the fight against riba their mission. So, authorities that should be directly concerned.

But they say: nothing.

They could argue and overwhelm me with their knowledge (I'm just a web dev), but there is nothing to argue about, so they don't. Instead, they silence the topic and continue to sell their financial products based on fiat money.

This is such a selective deafness and blindness that I would only expect from completely rotten hearts. The false vanity and arrogance of not wanting to admit that they might be completely wrong with their financial products and need to go back to square one. The main thing is to keep pushing the chosen approach and not have to revise it.

There are very few exceptions who got it right, very few. But they're not the most popular voices in the scene. But the big names just don't get it. And we need them to understand it asap; CBDCs are knocking at the doors.

How can we ever trust those scholars and institutions again, if they don't even dare to debate such important issues?


They're a fiat scam. See my podcast with Malcolm Kendrick.


I am good thank you. I'm not in Lebanon anymore if that's what you're asking about.


Another great concept from The Bitcoin Standard by  nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

"As money is acquired not for its own properties, but to be exchanged for other goods and services, its purchasing power is important, not its absolute quantity".

https://saifedean.com/tbs


You hit the nail on its head. It really is frustrating. I remember when I was a kid there were plenty of conversations about how banks live on riba and that we only should use them as necessary. It's all dead now. Banking have won this round.

This is why I appreciate people like nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpzpmhxue69uhkummnw3ezumt0d5hsvge3uc and Harris Irfan when they talk about this.


The Bitcoin Standard Podcast episode 241 by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak is really great.

Encourage you to give it a listen.


Finally, an interesting Bitcoin podcast!

It’s been a while since I’ve seen people argue in Bitcoin but nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak managed to pull Saylor into an interesting conversation about credit and lending in Bitcoin.

Saylor apparently hasn’t fully thought through the implications of 21M and remains wedded to his fiat ideas.

He expects there to be yield on Bitcoin in future, but never says where it will come from in a completely fixed supply money.. “They’ll have to sell their assets to finance themselves!” - yeah no shit Michael!

The only way to generate yield in Bitcoin terms is to mismatch duration - literally run a Ponzi scheme. But Saylor expects that because the US Government will back the banks that this can’t go wrong 🤣🤣

Saif takes nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt line that capital will flow but HODLers will take equity rather than yield. This is the correct logical conclusion.

I’m not saying Saylor is completely wrong - I do see a future where banks will get into this space and lend and pay yield on Bitcoin.

But they WILL blow up. I don’t give a fuck if they’ve got their own nuclear arsenal let alone the full faith and credit of the US Government behind them, they WILL get out over their skis and they WILL be unable to fulfill their obligations at some point because they WILL greedily try to rehypothecate it in the meantime and no Government will be able to save them.

Saif and Allen both know the economy doesn’t require interest to function, that the world won’t grind to a halt without it - people will still spend money. Saylor just isn’t ready to let go of his statism (as evidenced earlier in the conversation) because he’s become accustomed to Billionaire privileges.

This is why I love #Bitcoin. You can be the CEO of the most successful public company of the past 4 years, all thanks to Bitcoin, and you will still be totally humbled by it unless you fully embrace the system as it is because it won’t be changing for your fiat games!

https://youtu.be/k7XhzXMSAPo


Class is in session with nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59uxa93dl and #MichaelSaylor ! If you're looking for a better understanding of #Money #assets #Bitcoin #economics #Plebchain #BeOG
https://image.nostr.build/8a44dd08cd0b3b14338160aeb3415d5685ba60a41858bd6af0b1204f8945a857.jpghttps://youtu.be/k7XhzXMSAPo?si=FxTUjElh4ufOa35a
https://fountain.fm/episode/3QQZCHaUoDwtE8S63A9Z


My family fed my latest obsession for my birthday. Already got my nostr:nprofile1qqs09jtvjlmyrxjn37zv70a89csegcz7rpyqjmnw29cveedhv7vagqqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcpzpmhxue69uhkummnw3ezuamfdejs92xe5k built and working. And looking forward to digging in to nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9usy2c9y. https://image.nostr.build/00ea61471f71f31cca430a03b9f7e66dec91863687112477160b0d8c1eba52c8.jpg


Todos conocemos el famoso libro El Patron Bitcoin de nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  Ammous, pero sabíais que también ha escrito dos libros más?

- Principios Económicos
- El Patron Fiat

En su sitio web saifedean.com puedes encontrar los libros, sus cursos, y su podcast.

Escucha ya nuestro episodio sobre su artículo "Volviendo a una baja prefencia temporal" 👇

nostr:note1hh4w20xph4j5lfk7e7swrwdf3clkp4pjd7yp5mhma6y4eklzqk7szwfw0h


Just started reading nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and Matthew Lysiak book #fiat food. What a crazy first few chapters. Really impressed with the clarify of the story telling. Will certainly be recommending it to my family to read (they probably won’t but at least I tried 🤦🏻♂😂)

https://m.primal.net/KokZ.jpg


As nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak said- the three foodgroups defined as protein, fat and carbs is a psyop. The real food groups are actually meat, fat, and bones


I just finished reading nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a  Broken Money and started nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Principles of Economics…
https://m.primal.net/KmHe.jpg


Read a #Bitcoin -Book
nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59uxa93dl nostr:nprofile1qqspfd5vnqgmkfjjuyj9mc6lefl3mph7tkzrs2ue22h5hf8sjhjvd0spz3mhxue69uhkv6tpw3jx2mnfv4ezucm0d5q3gamnwvaz7tmjv4kxz7fwv3sk6atn9e5k7qg6waehxw309ahx7um5wgh8xurpvdjhx6r9d3kzu7re0g9q2yn3
Sent from my #Bindle https://image.nostr.build/c73baca70e0f574d971efa31b5e26d4bcd899416234abead9cabc39f6c69102e.jpg


#TheBitcoinStandard simplified to the max 🧡

CHAPTER 2: PRIMITIVE MONEY

Early Forms of  Money: Seashells, beads, and livestock were early forms of money due to rarity and utility.

Functionality in Trade: These items simplified trade by serving as mediums of exchange.

Limitations: Primitive money had limitations in durability, divisibility, and portability.

#Bitcoin #BTC #BitcoinStandard nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #SwissHodler

https://m.primal.net/Kjcv.jpg


nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpzpmhxue69uhkummnw3ezumt0d5hsvge3uc
Economics make sense now. Highly recommend this one. Buying The Fiat Standard next. (With Sats, because Fiat international payments suck and are outdated AF).

https://image.nostr.build/8dca74de4e6bd52b3df4253d6aee6190fa347ffe1773510742f94ff9784d7ea5.jpg


I agree with the Thesis of nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak, the answer is FIAT


It’s not new, communist central planners have been saying something like this for at least the last century. They always think that with *x new technology buzzword* like big data, regression analysis, or even Microsoft Excel, that they will have the computing power to overcome Mises’ Economic Calculation problem. The reason why it’ll never work, despite how much computing power they have, is that without property, there’s no cost. No cost, no economic calculation. No calculation, no production. You can see nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak explain it even better here from 23:28-25:00, then the AI part from 31:40-35:45 Everything in between is great too. https://m.youtube.com/watch?v=16QHLknnHZQ


The most impressive marketing coup of the last decade was how shitcoiners eliminated the stigma around ponzis by rebranding them as "staking" and in doing so launched a new golden age of ponzi schemes while media & regulators are still trying to figure out what's going on.
 - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#BitcoinTwitter
https://bitcointwitter.web.app/images/v3/67.png


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak on Bitcoin & politics. What a brillant mind.
https://m.primal.net/JjJl.jpg
https://m.primal.net/JjJm.jpg
https://m.primal.net/JjJn.jpg


Finally digging into Fiat Food 📚

Thank you nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak & Matthew Lysiak
https://m.primal.net/KQHP.jpg


💚🤍❤

(2nd reading of THE Book)

Thanks🫱🏽🫲🏼 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#Bitcoin #Nostr
https://m.primal.net/KQkZ.jpg


“That’s what’s so beautiful about #Bitcoin : it doesn’t care. You’re free to ignore it and become poor.” — nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak with nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u
https://v.nostr.build/9a5j6DvqBDGbxzs8.mp4


Nothing like it


Every business eventually becomes a bank. It is the only way to survive. nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak has been all over this.


☕ 🤔💡 https://image.nostr.build/f323cbb631af15b40139cce80aac84dbbcf6f150870b3f152a5212f7de49db94.jpg


nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9usy2c9y #BitcoinBlok #Bitcoin #Plebchain #BTC #CBDC
https://video.nostr.build/28b2acea6c22424e57d50668d980bfe3e5d1dfe7e75f2700570c391c8058e708.mp4


Good Morning Nostr,

In my ongoing missionary journey of spreading light and hope, I have again shared the wisdom and solace of our sacred text  (#TheBitcoinStandard 📙 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak ) with one of my girlfriends.

The next step of my missionary work will be to #PurplePill her 💜 https://image.nostr.build/f69fe3791c586a00521ec364d2f5baf726dee0910c14f2c2543d1b6669e935cd.jpg


I wonder about the same thing and think you're probably right


I love this exchange. nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak https://image.nostr.build/f56fda035d56a20f7ead76ee55c64b76b11c594c7768e661616543394c983c48.jpg


ICYMI: nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://fountain.fm/episode/e3ZCNQdhEAhKSIR7kt0L


“BTC adoption is not optional.” — nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgkklh5m #BitcoinBlok

#bitcoin #btc #Money #AustrianEconomics #BeOG
https://m.primal.net/JKVb.mp4


Riverside is shit. It ruins conversations by having a huge lag and causes people to keep speaking over each other. Streamyard is a lot better.


reading nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak's principles of economics while listening to ok computer >>>


Bitcoin isn't "cool" or "awesome" new tech. It's an ugly contraption optimized to be neutral apolitical money, not for your user experience.  It's not the toy you want, it's the medicine you need.
Like it or not, it's your best chance for living in a free market with sound money.
 - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#BitcoinTwitter
https://bitcointwitter.web.app/images/v3/487.png


The Impact of Freedom of Speech: Ensuring Openness in Society | nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://video.nostr.build/76755d47654cfa2a2db6dd254d0ea9ee2582a93144d3541569989ed0ae43137f.mp4


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

Gave me this lightning address to donate to bitcoin for people in Palestine.

morosehamster03@walletofsatoshi.com


Shipment of knowledge arrived today. Paid for with sats on Saifedean.com! nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://m.primal.net/ISvd.jpg


Why Free Markets are Better: The Austrian Perspective | nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://video.nostr.build/29324dbaed13a8bda86a9dde8577b8a4dc6317509af97bb98542609f121a4f13.mp4


“John Ioannidis has published some very compelling research to show why the majority of scientific research findings are likely false, and his conclusions are intimately tied to the fiat system’s decoupling of science from market incentives and feedback. 62 With such strong incentives to publish, the likelihood of a false result getting published increases drastically.”

— The Fiat Standard: The Debt Slavery Alternative to Human Civilization by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Ammous
https://a.co/2MvC7EF


I'm super proud of this dude!

nostr:npub1g3aqekerzspf3j288r03ugpyn54yq09h7mld56fdf8rewvdc0upqwh0l3q just finished reading 'The Bitcoin Standard' by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

Bongani is a 15-year-old learner in Gr. 10 at Indwe Secondary School in Mossel Bay.

He's been with The Surfe Kids for several years, but when we opened Ekasi Center in 2022, he gravitated towards learning more about #Bitcoin

Everyday, after school, Monday to Friday, he works as a teacher's assistant with our full-time teacher, nostr:npub1lsguzhxl7vt93e86xusyp78dhc76su4llv2h463zqdgxy25j3tvqaemmvv, at Ekasi Center, helping her run daily Bitcoin Diploma classes, as part of the My First Bitcoin network.

Bongani started working his way through 'The Bitcoin Standard' in Oct 2023 and finished it this week, with the help of a volunteer tutor, nostr:npub1a95w2zch0gqfa0vhlgygz0xklwxccw6st88qkmhsk8d3tke2sqaqamsnzq. In Bongani's own words, "this was the longest book he's ever read", and he had to learn a lot of new vocabulary, which impressed his tutor. The feedback from Jason was very positive.

Jason and Bongani had weekly calls, where they would discuss the book, chapter by chapter, often breaking chapters up into sub sections.

Super appreciative of the effort by nostr:npub1a95w2zch0gqfa0vhlgygz0xklwxccw6st88qkmhsk8d3tke2sqaqamsnzq

This is an incredibly valuable contribution for which we're beyond grateful.

Jason and Bongani will continue their work together and I've been told that the next book in line is 'Why Buy Bitcoin' by Andy Edstrom.

I am optimistic about the future because of kids like Bongani.
🙏🏿🙌🏽🔥🌍✊🏽

https://image.nostr.build/5f8a7521218432695934ba491f1a0430d90275a9f16bb9da5dd2a7041e1f50f0.jpg


Thank you!


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #thefiatstandard  I have my Masters of Finance from Saint Louis University, worked on a bond trading desk for 20 years, with regard to the concepts of “money” and the human actions and motivations around money, nothing has educated more than this book. Each page is so immersive into financial concepts and human action, that I have to frequently pause, re-read, and really soak it in.  Yes, I am an ardent Bitcoin fanatic. Yes, I have read The Bitcoin Standard. But this next volume by Saifedean strikes to the core of the cancer that affects decision making under the fiat standard. I cannot recommend this book strongly enough.
https://m.primal.net/IpaO.jpg


Download the #Bitcoin Standard and the Fiat Standard for free on http://libgen.rs/search.php?req=Saifedean+Ammous+&open=0&res=25&view=simple&phrase=1&column=def

With permission from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak himself.

Enjoy!


When someone ask me for a good Bitcoin book I always recommend these pair here! 📚 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://m.primal.net/JEbU.jpg


US Congressman Thomas Massie has read The Bitcoin Standard and enjoyed it so much he tabled legislation to end the Fed! He joined nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak to discuss The Bitcoin Standard, Austrian economics, American politics, AIPAC and much more!

https://saifedean.com/podcast/228-the-bitcoin-standard-with-rep-thomas-massie


Matthew Lysiak recently spoke with me on my podcast.

We both related to how our perspectives on modern day society drastically changed during COVID and after reading The Bitcoin and Fiat Standards by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
https://m.primal.net/JIpX.mov


He's not saying it wouldn't decrease the purchasing power, he's saying the decrease would not be exactly inversely proportional to the increase in supply


The criminal part of fiat money is that you have to earn it twice.

Fiat removes the ability to save and forces everybody to become an "investor", or more accurately, a gambler.

A masterclass from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak 🎧👇

https://video.nostr.build/5a41fdb5a9b712903c7bb66470b316464daac6b52292bc8eed72c2276ff697ff.mp4


Israel is fighting over land not because they don’t have enough but they don’t want Palestinians to have any.  Highly suggest listening to any of many convos nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak was havin about it on his pod


Monetary policy is not Power Rangers...😂
 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak giving his thoughts on the De-dollarization of BRICS nations rivaling the US...
#Bitcoin
https://m.primal.net/IKly.mp4


Thank you!!


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak finished this morning. Now I finally get what bitcoiners mean by time preference. great read!

https://m.primal.net/ILLz.jpg


Yes the copy feels and looks great. But no there are no edits added


📣 BTC hit 50k, so we’ve reduced the price of our products … again!🎉

As BTC📈, our prices📉!😎

Our unit of account is #bitcoin ie all our products are priced in BTC & we only accept #BTC & payments over #Lightning, so as nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe  nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m  nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  predicted: prices are falling🥳

👀 Designs by great Bitcoin artists including nostr:npub1clfjjuhrnr2dyrxknvdgg5v4dnq55t5svkk34r76rpwzqf5cjdas7rk28k nostr:npub1p3hc2ns5vv2he2stusfms783wt34r7n79dk97ws8jz6yknn87qrqhyz089 nostr:npub1u7vcswh80vdegls8pvyf7nv00sr3argct57g220yufnjywu4w5hqdstmes nostr:npub1wxgpvehj0uhe22dwq4vhpgx3ew7w6v7etze36x89x6arpcmdzsqslwsvzl nostr:npub1kra2e85qetqpw3saxezkn8cre6g0smv2gutr4kcpsvkqcsrpa7eq55y4jl

👉 https://lasereyes.cards/buy-now/ https://video.nostr.build/2b50ae61b2ef9ff06b4e8f0b7c26c122ee510d2389452269e6d986233ef86cb7.mp4 https://image.nostr.build/166ecb849d526b1992fbcebd0f0713a2f9db3c1e64f8ff0bcc918971d529d89c.jpg https://image.nostr.build/002c939ad6c2320ce7543cbba03f50590b77b51e87511a9cf2ffac630bb35c6d.jpg https://video.nostr.build/240797a073cd59c226d6c0e05d9b63361c32e91a59c048fc210856bf40ebb348.mp4


When it’s time to pay the piper, most normal folks will not choose to make their family poorer in order to fund the death of foreigners in a foreign war.

However, banksters and corporate journalists will not stop at perpetuating war for their gain.

#fiat

https://image.nostr.build/3836c14f4998ba153ca2ef3bd5de7c6578f4d2f8147e00c0a09f14451291be92.png

https://image.nostr.build/847d3244a4541badc6be198f3b02047874885453568f5f59621d82db8eeaf59b.jpg

cc nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Yes


Only if you get it from thesaifhouse.com


Saifedean Ammous in the current podcast episode 207 in conversation with investigative journalist Glenn Greenwald about CBDC and its impact on financial freedom and monetary policy.

#CBDC ⛔ #Bitcoin 🗽
nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Plebchain

https://youtu.be/FJYBEBhywoU?si=e71xD3Fi5CpVs5AX https://video.nostr.build/0dbbc1599ba78e8aeec4d8892ecdbff817bac89445285fb8ae33d34cdf26eb37.mp4


 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak talking with nostr:npub1j70zj07k3xy3yt9p269zg2gd5c69jzvjk789hys8ehwh7d66qluqwl2sp3 about crime, money and #Bitcoin...

https://m.primal.net/HbWD.mp4


"If you're looking to food as a source of entertainment, it's probably an indication that you're not getting good enough food, and you're not getting good enough entertainment."

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak on #carnivore being "too boring"


“10 years ago, if you invested $10,000 in long-term US treasuries & reinvested yields you'd have $11,172 today.

If instead you invested $10,000 in bitcoin, you'd have $761,290

Lending money to governments to kill foreigners,
bail out banks & buy elections is exactly as dumb as it sounds.”  - #[0]


The really sad thing about constant currency devaluation throughout the world is that it benefits those who have the most access to cheap credit at the expense of those who do not.

People on the lower end of the income spectrum in Egypt are generally dealing with cash. Their wages and savings get debased, and they own fewer hard assets, so they have fewer offsets. Their ability to buy imported goods diminishes, their ability to travel outside of Egypt diminishes, and their costs in general rise.

People on the higher end of the income spectrum in Egypt have access to foreign bank accounts and/or have multi-year domestic property loans, which are basically currency shorts. They mitigate the impact from the ongoing devaluation, or in some cases benefit by it.

As a tangible example, last year I took out a 7-year loan or currency short against the Egyptian pound, and used it to buy a villa that houses a 9-person extended family (7 when my husband and I are not there). The money supply goes up by 20% per year but my interest rate is 3%, which is an ultra-cheap long-term currency short. Within the first six months of the term, the Egyptian pound was already cut in half relative to the dollar. Who knows what the exchange rate will be over the next 6.5 years.

The past four decades of global Fiat World have been like a game of Blackjack. In Blackjack, you try to get to 21 without going over. In Fiat World, you get into a position so that you can take out low interest debt and buy scarcer assets with it, and you do that as much as you can but without going bust in a downturn. The major governments can do that the most. The big banks are next. The big funds and asset managers and public corporations are next. The wealthy individuals are next. Then the middle class, and then the working class and the poor.

And the global aspect of Fiat World is important. An asset allocator can operate globally, so among the 160+ currencies out there, they can arbitrage them. They short a currency with negative real interest rates, and buy good assets somewhere with it. I personally did it in Egypt not to make money (we don't plan to sell for the foreseeable future) but to ensure good housing for the family at modest expense. But global firms do this around the world to make money. As the global economy got more and more financialized over the past four decades, a lot of professional talent shifted from engineering or medicine or wherever else and moved toward financial arbitrage.

Weak money financializes everything else. Strong money can de-financialize everything else.

https://m.primal.net/HaIx.png


Everyone who got rich off of a shitcoin premined out of thin air whose only application is generating press releases with false promises agrees: Toxic bitcoin maximalism is holding back the crypto industry!

Join us now & help us hold them back even more!
 - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#BitcoinTwitter
https://bitcointwitter.web.app/images/v3/240.png


Simply put nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Bitcoin #Plebchain #Inflation #Btc #BeOG
https://video.nostr.build/99dadb72090f7a80864d94b821440d4d47a03d71474bba0d93838c0151cfd510.mp4#m=video%2Fmp4&dim=720x1280&blurhash=%5DLHB%7DNM%7BXTSiIU8wM%7BRkRjkDNFo%7DVse.tR_NWB%25MxuRP8_j%5BRit7jYogt7M%7BRPt7%25Mjst7WVWBxuV%40bIa%23WBM%7BofM%7BRjbI&x=30848b0ca518bbd93aeeff982b22fbb2fac612fbe009787e2180377f4f3b95f3


Segue Playlist do audiobook Padrão Bitcoin em português. Aproveitem para ouvir agora o prefácio, prólogo e o capítulo 1. Segundo capítulo em produção 👷 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak obrigado pela incrível obra ✌

https://fountain.fm/playlist/k5wAUzhvSmca5x98jeDD


Saifedean Ammous in his current podcast episode 206 with Scott Horten:
Fiat Wars - what is the logic behind US foreign policy and is it all just an excuse to run the Fiat printing press?

https://youtu.be/Y7r8u02MhGQ?si=h_9MToh8H4Val4G4

#Bitcoin nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  #Plebchain https://video.nostr.build/2fb5b841a87573f4826033f07ced8d1efed913a42ca0570e335fb3852dfeff46.mp4


Refreshing rant from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
"Some whorehouse like Harvard or Yale or Princeton..." 😂
Full interview here: https://t.co/Vy4eekR7tG
#Bitcoin

https://m.primal.net/HaIl.mp4


Why is war perpetual, and not peace?

Who finances it?

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and Scott Horton discuss.

cc nostr:npub1z4m7gkva6yxgvdyclc7zp0vz4ta0s2d9jh8g83w03tp5vdf3kzdsxana6p nostr:npub1k92qsr95jcumkpu6dffurkvwwycwa2euvx4fthv78ru7gqqz0nrs2ngfwd

https://podcasts.apple.com/us/podcast/the-bitcoin-standard-podcast/id1403202032?i=1000643495598


Já está disponível no Fountain e Spotify o Capítulo 2 - Dinheiro Primitivo.

https://fountain.fm/episode/fWaQaejhEtxg61mmY5Vr


The snowfall yesterday closed down much of DC so I took to the quiet streets to find a beautiful little library to drop a copy of The Bitcoin Standard by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

This time I added a little note for future Bitcoiners 🤓📚

#StudyBitcoin #BitcoinBookDrop https://image.nostr.build/770f4cbfe2b334cfce6a8ab2134e501d9b18671bbb8c6b99b3c36790454930a2.jpg https://image.nostr.build/2454241a7cd8658f45a0ed515e02ab34a06690bc1b10b796731c14c655d4edfb.jpg https://image.nostr.build/f1345c83d7257611546af7d60129e205b4df9519c4a10ea21638c3113bc9305c.jpg


I WILL DRAG YOU OUT OF THE MATRIX BY YOUR TOES IF I HAVE TO

(me introducing myself to a stranger)
https://nostrcheck.me/media/public/de802558b24643e40e7ac5af59e794ef51a1efc4db60e14c8a8ca4e278419393.webp#m=image%2Fwebp&dim=1474x1114&blurhash=%23JELs%2B-%40NMxaROIT%24*r%3DMxENT1S5xDRiM%7Bj%3FkCRjkjI9r%3D%25MSNWAxuoyNGa0xaagN_xuayoJV%40WBOsNGS2oznhRjg4S%23RjM_t6WAsTxaR*Rkn%25of%25MWBbHogRkflxasoRj&x=de802558b24643e40e7ac5af59e794ef51a1efc4db60e14c8a8ca4e278419393
nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #bitcoin https://whybitcoinonly.com


Saifedean Ammous:
…how Bitcoin is changing human behavior… 🦾💜

#Bitcoin nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Plebchain https://video.nostr.build/369053fd3e3076c7a8627ca1d448e26a9ec9fe39472fb7b4095e32d1e505ef92.mp4


Class is in session with Dr nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Plebchain #Bitcoin #BeOG #money
https://video.nostr.build/c29cab961f003e023ffbade7d45c579c5f39943aa162f935c54676054073c2f6.mp4#m=video%2Fmp4&dim=1080x1920&blurhash=%5D69ZJ%5D9%5B01%3D%7BJA%5Ej5R9u%7D%40-U4%3A%5EO%2520zad0L-V%7D%40I%3A%251S%7ExG%24MEMEgwbEMof-AEMrqSNo%7DxaRkt7xZNGRkbHT0R*VsoLt6&x=24c599b26aca5f9f96600871c242ef1d1483d43b4b8a91123e703a57bb47d39e


“Find a way to give value to other people. Everything you want in life is on the other side of you serving others.” -- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Bitcoin #Plebchain #value #BeOG
https://video.nostr.build/d0a7a1fd21357e25bba5de28cc048c35e934206d99d5173c26556723a8089e34.mp4#m=video%2Fmp4&dim=888x476&alt=Saifedean+&blurhash=i567s3ENI%3B%7D%40I%3Dof%252I%3Bs.R*RjNGw%5EIoEM%3DxNGI%3As%3At7xaNc%24*%251EN%24*xZ5R%24ixF9%5BxFR%2BRjxGR%2BxFkCoeWUs%3A%24%25I%3Bj%5B%24%25&x=78d91f58d029792871867901c0e65341e4271fff4d24dbb889777c6221e0bf8d


Body & mind sharp at all times 🥩📚 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
https://nostrcheck.me/media/public/37d7ad8942c103eca9d83a7ff5a222d47b4ffe1aaf39ef3bea3cdd03d92b1e0f.webp#m=image%2Fwebp&dim=540x960&blurhash=%5DIHT%2C6%7EDcZOYNFv2%2BYI-S%7EtR%23S%24*o%23o%23xu%7EW%25MxGnNVrMwR4Vs%252f-Ekt8s%3BxDV%40E2xZRjM%7BV%3F%24xV%40S2t7s%3Bt8kDW%3Ds%3Ai_&x=5cb93724f9f7ec6c36d3a9ce595d8a95ae6ca54eab90f1dbb0688d89e4736a87


Books of economics can also have some comics.

#POE

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://i.nostr.build/3WKn.jpg#m=image%2Fjpeg&dim=3191x555&blurhash=H2IY5%404%7B00Di%3Fc%25h%7Eq-%3D%3Fc%3Fas%3BNGs%3AofjbofRjt7&x=77f49f65da6f5b221644ea203269af993c5ed7d014365d26e92a1a5f54d7f513


Money printing and money borrowing are one in the same under a fiat system. New money is created when you take out a loan, and the government can also print new money to cover the obligations they can't meet.

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak explains this really well:

https://youtube.com/shorts/MaE8HoEzgeY?si=g4BlJPqPo51Qr19n


It really is me. I posted my npub on Twitter


The extent to which groups of individuals, small or large, agree to reject the initiation of violence is the extent to which they can live in a peaceful extended market order and benefit from the division of labor. The extent to which the initiation of violence is accepted by some members of a group is the extent to which conflict emerges and undermines the cooperation necessary for the market order. Aggression being legitimate for one individual or group but not others is not a moral standard that can be consistently applied across society.

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


An excerpt from the current podcast 204. Saifedean Ammous in conversation with the Austrian economist Philipp Bagus, in which I talked about the recent election of the new Argentine President Milei and the significance of his election.

https://youtu.be/MryVy3vksBY?si=i5gjWKnOBn7BsaCy

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Bitcoin
#Plebchain https://video.nostr.build/d651f7f019cb76b04f46cb17734057068df7676cefe53596f77ff06aa2042891.mp4


Great rip nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak !

https://fountain.fm/episode/6s2Cg8PzHNFpwBJlTjff


2023 was my year of stacking #Bitcoin  like a crazy person.

2024 will be the same, but now I’ll be harnessing my conviction for Bitcoin to repair my mind & body by eliminating #FiatFood from my life.

Fiat Food by Matthew Lysiak w/ nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  📖 https://image.nostr.build/4879fe98b963247dff99d8ac79ef4bdfc448a8a6a71534d85011ec09bcdfee07.jpg


Better lives at Saifhouse.com? Saifedean’s store. nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


"The most important trade  in economics is  the trade off between the present and the future"- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Bitcoin #Plebchain #BeOG
https://nostrcheck.me/media/public/da97592d0ce5da740a41a695ac0454dfe42c2aad9c065163410d4c5f1bb43a0a.mp4#m=video%2Fmp4&dim=720x480&x=64d52708f594e8a1a3a4f76deef7275c8ad5184480c9473d8f60a0c9b6f4628b


The most impressive marketing coup of the last decade was how shitcoiners eliminated the stigma around ponzis by rebranding them as "staking" and in doing so launched a new golden age of ponzi schemes while media & regulators are still trying to figure out what's going on.
 - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#BitcoinTwitter
https://bitcointwitter.web.app/images/v3/67.png


Chapter 10 - Money

#BOE nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://i.nostr.build/DMxA.jpg#m=image%2Fjpeg&dim=1402x1523&blurhash=%7BeMaO%3B%7EqRjxbt7t7ofofRjoMofayj%5Ba%7CfQayRjj%5BfPWBWBayayayxuj%5BWBj%5BWBayayayt7j%5BWBayWBayayaya%7CayfQj%5Bj%5Bj%5BfQfQM%7Bayofayofj%5Bj%5Bj%5BM%7Bayofj%5Bofj%5Bj%5Bj%5BRjayj%5Bj%40j%5Bj%5BfkfQ&x=b9cffc019f21e27148bb2966aafd01b574379fa1df9d719478297d1e3e53a5ec


Bullish on how much bitcoiners value health, and actually walk the walk. Learned a lot from this chat between nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and Dr. Ken Berry. https://video.nostr.build/e654e9f13ab73ac52df31fb53a66822e3d12908be4cc0d60a3e53cf146558c86.mp4


"There is no alternative to personal responsibility for anyone interested in using this network, and that is the real investment that needs to be made to get into Bitcoin."

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Good Morning, Gladiators For Freedom! 💪

This holiday season, give a loved one:

✅ "The Bitcoin Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak   - a must-read.
✅ Consult in self-custody with nostr:npub1lrj3lsskez59qu68v5fpnur7ythe7s5e4qcelclha6t6r9q5pqgsl2mzx2

Real friends guide each other away from fiat and banks.

Stay blessed in Orange 🧡

#plebchain #nostr


"Fiat is a way of getting everyone to be a debt slave with no potential of thinking for the future & therefore little prospect for civilization & wanting a better life for your future self.'

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Dutch translation of the fiat standard is flying of the shelves in fiat land (bol is the Dutch Amazon). Anyone any idea how come? nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak https://video.nostr.build/a6f9e98d47e4dfa6a8ede550efa4b6bfd271975516066937236ddbdbb40b3555.mp4


Listening to nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
 fiat food ep with Dr Ken Berry

https://open.spotify.com/episode/7KQZkDJcxZLM0xQu3P0lT2?si=KH_tSEmjTCaNJu0K72MBXQ

They outline 3 possible paths of academic institutions as health science increasingly contradicts fiat science - gaslight, double down, or fail - but what about admit error and course correct?

In more competitive corporate markets, stakeholders of a failing company would regularly elect new executive leadership along with some loud ‘mistakes were made’ sandbagging press releases that would provide room for new leadership to make drastic changes to the organization while maintaining trust in their long term goals.

Why wouldn’t some universities start realigning health studies toward social good (how they get paid in a decentralized world) and away from corporate interests (how they get paid in a captured world) under a more fair financial system?


Bitcoin Mining Economics with nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
🤙

https://fountain.fm/episode/rFQ9MS8KGOpFYCAVWXgZ


Short fiat and long hard assets (bitcoin, art, real estate). It’s the common playbook of the wealthy since we left the gold standard.

As nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak said that the fiat standard is the only system where negative cash balances makes sense, those with access to credit benefit by shorting the dollar and going long on hard assets.

#bitcoin
#fiat
#fiatstandard


"A money that is easy to produce is no money at all, and easy money does not make a society richer; on the contrary, it makes it poorer by placing all its hard-earned wealth for sale in exchange for something easy to produce."

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Why are shitcoins so INCREDIBLY unlikely to outperform #Bitcoin in the long run??

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  explains in BCB133👇 https://video.nostr.build/28893b17a48f8a355ffc9f78799f957da90ff923b824ae0105d9b6008fb34535.mp4


"Saving is essential for us as a civilization, and what the fiat standard has done is take that away from us, and forced everybody to become an investor... or, more accurately, a gambler because the money itself is broken."- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Thanks for another simple yet very informative lesson. #Bitcoin #Plebchain #BeOG

https://video.nostr.build/0c7cdf17e4036626786c4ec1555aa46b3cc3d9a142087c64067f8de61e037b8b.mp4#m=video%2Fmp4&dim=720x1280&blurhash=%5D12%3DZOEhEL%5EQNxR%25WBWVsoR*0L%24%25-V5Qw%5EtRxaxFI%3B%251%3D%7CNHI%3A-UNbnNIoNb-AELt7t7xGNbxZE%25%24*xF9%5D%252E1adf%2BWBNG&x=df2ae279244548b80e6ae2a37af096fac5407729473cfe37dcef2c4edbc4ca7d


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak https://video.nostr.build/000c4b973f30f2f7f135b92538d311d5b58b090793a2b64e2b964e42fdd3bbf1.mp4


🔥Excellent Conversation🔥  nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf
https://youtu.be/_sSosh5rtpw?si=FYbj_a1XbvB-YUcb #Plebchain #Bitcoin #Economics #BeOG


For any capital accumulation to occur, individuals must lower their time preference; they must reduce their discounting of the future enough to provide for it at the expense of the present. This point is worth bearing in mind when economic illiterates rail against capital owners for being parasites on the workers. The sacrifice of present consumption by capital owners in exchange for future reward is economically no different from the sacrifice of leisure by workers in exchange for future reward. Had capital owners actually contributed nothing to the production process, then their consumption of the capital good instead of offering it to the workers would make no difference to the workers' productivity. But ask any worker what would happen to their productivity without capital, and the absurdity of hating capital becomes apparent.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Capital is at risk of being rendered obsolete by the invention of newer products and newer methods of production. Through no fault of her own, an entrepreneur may find her entire investment rendered obsolete when a competitor develops a superior product to hers, or a much cheaper way of making a product. Capital accumulation not only requires the sacrifice of the present for the future, but it also requires the sacrifice of the certain for the uncertain. The capitalist is constantly speculating that her investment will yield a positive return in the future, but she could always be wrong.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


When a man values the future output of the production process, discounted for their time preference and uncertainty, at a higher value than the initial investment required, he is likely to invest and build or acquire capital goods. Should the investment succeed, he can use more of the resources to acquire more capital goods, increasing his profits and productivity further. In turn, as the stock of capital and productivity increase over time, he becomes less uncertain about his financial future, and that lowers his time preference further, encouraging more capital accumulation. As more capital is accumulated across society and time preference declines, the price of capital (determined by interest rates) also declines. This process of lowering time preference and increasing investment can be understood as the process of civilization.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


As long as humans have unmet needs, there will be avenues for directing human labor to meet those needs. No matter how much human productivity increases, human wants can increase further, and human reason can continue to devise better solutions to the problems of scarcity. It can always invent better products, better technologies, and safer production methods and generate new demand. We will never "run out of jobs," because we can always use more humans making more scarce products to meet other humans' ever-increasing wants. Scarcity can never be eliminated, because time is always scarce. Work can never end, and man can only choose which tasks to prioritize. The more tasks he can delegate to machines, the more time he has to perform many of the infinite number of tasks he would like to carry out but cannot because of the scarcity of his time.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


I just hit the section in nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak new book which mentions similar to my comment above re silver standard.

Looks like Persia was also on a silver standard at this time, as was the Ottoman lira, Morocco and Thailand too.

Would be interesting to map countries and their monetary standards over that period (and whether local or imposed through colonisation) and see where they all ended up. https://i.nostr.build/AO8O.jpg


You 💯 don't want to miss this insightful and eye-opening conversation with nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  🔥

Audio: https://saifedean.com/podcast/199-the-bitcoin-way-personal-bitcoin-onboarding
Youtube: https://www.youtube.com/watch?v=As4K0wB4xXE

#plenbchain #nostr


Whereas in isolation, man produces what he needs, in a social system, man produces based on what he expects others to need. He need not meet the full diversity of all his needs through his own labor and can instead direct his labor to the areas of production in which he can excel most at serving others. By specializing in producing a good for a market, rather than producing for your own consumption, it becomes possible to dedicate labor toward the place where it is most productive, not where it is merely necessary. In a market economy, your needs are best met indirectly, by using your abilities to specialize in what you do best and exchanging it for the goods and services produced by others. Specialization is therefore another way of increasing productivity. Beyond just an increase in productivity, trade leads to social cooperation and civilized behavior, as the benefits of being able to engage with society peacefully in a division of labor are very high.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


The ability of strangers who are not connected by bonds of family or kinship to arrive at a mutually beneficial exchange is one of the basic building blocks of human civilization. The extent to which strangers can expect to deal peacefully with one another, respecting each other's bodies, property, and will, is the extent to which they live in a civilized human society.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Investing in education is the best use of your #Bitcoin

The best teacher to learn economics and Bitcoin from

is Dr. Saifedean Ammous

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

On his website, he offers many useful courses and books

and many more things to learn and grow.

The most important part is that you can pay with bitcoin

best investent of 2023

https://saifedean.com/courses

https://image.nostr.build/a6a64dd7d7c5a970abb393371387b5ae4571737a06b38949e7a55f89155ad407.jpg


Even if humans were in an imaginary world where everything a person wishes for materializes in front of them immediately, the economic problem would not be solved, as humans' mortality still forces them to economize their scarce time. The economic problem is solved every instant in which a human reasons about their time and makes a choice, only for a new economic problem to emerge in the next instant and force the same human to make another choice. The only final solution to the economic problem is death, the point at which there are no further choices to be made regarding time allocation.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Self-ownership is the only logically and ethically consistent solution to the problem of human ownership, and it is the only one likely to result in peaceful cooperation rather than violent conflict. Self-ownership means an individual has full claim over his own body and time. Once one accepts the premise of self-ownership, a coherent framework for understanding rights, justice, and non-aggression emerges. This principle extends to what a man may produce as a consequence of these choices, i.e., property. Aggression can be understood as the use or threat of violence to control another person's body or time, and any physical aggression against an individual would be a violation of his right to property of himself.

It is difficult to argue against self-ownership and the system of property rights if one understands property rights as the only workable solution to economic scarcity and subjectively values peace and civilization. Any such argument can be seen as transparently self-serving hypocrisy. Rather than an intelligent argument arising from human reason, this argument is nothing more than an appeal that we return to the mores of subhuman animals controlled entirely by their instincts, unable to employ reason. Arguing against self-ownership is effectively arguing against your own personhood, because it makes it clear you cannot respect property rights and cannot be part of a civilized social order. It is a plea to be considered an animal. Although economic theory does not dictate political ideology, understanding economic scarcity and subjectively valuing peace and civilization will incline a person to adopt a libertarian outlook. There are no alternatives to self- ownership that do not result in propagating conflict and engendering enmity and resentment between individuals and groups.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Great book by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak.  A solid Austrian Economics textbook. * I use the fiat paper as a bookmark 😅
https://image.nostr.build/ea8231f4a1bc21eb1308b893310cc014a71929ea532c2ed87f0af9a8bdcc3e57.jpg


Couple more beauties showed up on the porch today 🤙🏼
nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#bitcoin https://image.nostr.build/f0c04ddf78be4d618b7e05c3f8e048b98320b5d699711992a0b6bb852d2a4b32.jpg


"Capital is a responsibility, not a privilege." — nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak on Ethereum being the "Mother asshole" nostr:npub1a3hrd4wfawr578d5y5l0qgmh7lx8q6tumfq0h7eymmttt52veexqkcfg37 #Bitcoin #plebchain #Bluecollarbitcoin #BeOG
https://fountain.fm/clip/LtKyH1YFIKHkArfOt7Vi


Class is in session with Professor nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Saifedean #Bitcoin #Fiatstandard #Plebchain #JordanPeterson #BeOG
https://video.nostr.build/801294f51e613376b1f48b0278f885bcaa6925d8ce971a578a773f0ded0690ba.mp4


"Fiat is Haram" Class is in session with Professor nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak nostr:npub1h34n29f3wqvcht0jyhnd36jxcdmljyqjv4vdjfrd69nhxhrdvvnsgwr4h0 #Saifedean #Bitcoin #Fiatstandard #Plebchain
https://video.nostr.build/f85e2716f76e93ef2037eaca272d8830f149f429b1b6fa9014ca61f17a92c99a.mp4


By fixing the money to lower our time preference


Since the value of goods is derived from their ability to provide us with satisfaction, and since different satisfactions have unequal value to us, the value of different units of the same good will also be unequal, as it depends on the satisfactions they meet. The same good will have a different value to the same person depending on what need of his it meets at a given point in time.

Individuals use the first unit of a good to meet the most important and pressing needs related to it. They will use the second unit to meet the second most pressing need. As the quantity of the good they own increases, the needs that are met are less valuable and less pressing. In other words, identical goods will have different values for individuals, because the utility derived from them is not identical. The first units are the most valuable, and as the number of units consumed increases, each marginal unit is less valuable than the previous one.

Menger thus illustrated that the valuation we place on goods is not dependent on their total or overall utility and that their utility is not something inherent to these goods in the abstract, regardless of their quantities. Rather, the importance that we attach to goods is inextricably dependent on the quantity of those goods, and their quantity in relation to the existing supply of the good we have at our disposal. Humans make decisions based not on the total or abstract utility of an object but on the utility offered by distinct quantities of the good and their ability to satisfy our distinct needs.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


An excerpt from the current conversation with Jimmy Song. The full episode on YouTube 🦾💜

#Bitcoin nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42 #Plebchain

https://youtu.be/WtlOpIYqegk?si=90qv0Yy5HYEkJBSe https://video.nostr.build/e554962e047145ff7b109edc70d6be0a88c61f88936f9bfeb40504b54641c85f.mp4


There is no opting out of economics and economic choice except through death. You may not like specific institutions such as private property or labor, but choosing to not engage in them simply excludes you from larger, more productive circles of economic activity. If you are alive and you strive to remain alive, you are bound to seek to survive through the tools of economizing action. Everyone engages in economizing acts every day of their lives without having to learn economics. But learning economics can help the mind consciously understand the importance of acts in which it engages, and how complex structures and institutions emerge from them. While learning economics is not necessary for economizing, which is a natural function of our reason, it is necessary for the fostering and survival of an extended market order in which humans are able to economize freely, cooperate with one another, and prosper. Individuals are capable of engaging in market transactions but can lose sight of their importance, resulting in political structures that suppress this type of economic action, with devastating consequences.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


"#Bitcoin adoption will be like adopting gun powder, not a new shiny iPhone."  nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak https://image.nostr.build/a15cf4b138afb0e6d6d801f2c141ac9c787237ba64c128852558f54b63f5f8f4.jpg


What a beautiful stack of information!
I’m still waiting on The fiat standard, principles of economics & thank god for bitcoin, but they should be arriving within the week or so.

Ordered all these yesterday and was surprised to see most of them show up at the same time.
I could’ve spent $600 on bitcoin, but felt the money was better spent supporting these authors.

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m
nostr:npub102hlt959hwackt757fm6e27fjcl45meutv5c52333kazuqf05ghq0xdes6
nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc
nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu
nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y
nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#bookstr #infojunkie #collection
#bitcoin #nostr https://image.nostr.build/84518c25657bb155b93dca09922eb0133f14b77beec66736cf973408fb16f30e.jpg


Replicable experimentation on economic questions is also impossible. The objects of study of the natural sciences are the structure and behavior of the physical world. It is assumed at the outset that these are regular, that their properties can be isolated and observed by repeatable experimentation, and that they can be appropriately and fully modeled with mathematics. It is fundamental to the intellectual enterprise that the sole and entire purpose of this methodology is to rigorously pin down causation. In the physical world, what causes what else? Why do things happen exactly and only the way they do? But the objects of study of the social sciences are the ideas and actions of humans, which are immeasurable and non-quantifiable. Experimentation with ill-defined units of irregular phenomena cannot yield comparable and reproducible results, and so experimentation will fail to produce quantitative laws because there are no units in which these laws can be expressed. Without measurement and repeatable experimentation, it is not possible to find regularities, derive constants, and formulate mathematical relationships and scientific laws. Accurate experiments in economics are also not possible because the subject of economics is the action of humans in the real world, and conditions in testing laboratories cannot replicate the real-world consequences of economic decisions. The real world is the only laboratory that can approximate the real conditions shaping economic decision-making, but it is impossible to experiment on the real world using scientific methods such as those employed in the natural sciences.

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


After a century of aping physics and abandoning classical methodological foundations, economics has failed to produce one quantitative law or formula that can be independently tested and replicated. Macroeconomic equations come and go with the fashions of modern schools of thought, but none of them has been measured objectively and replicated in a way that can allow it to be called a scientific law. That macroeconomics empowers central governments and enriches academics may help explain why it has endured.

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


With a sound money, saving is available to everyone anywhere for free. The coin you earn anywhere is itself your saving account, with the best salability across time and space, and the lowest risk of any asset.
 - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#BitcoinTwitter
https://bitcointwitter.web.app/images/558.png


Economics, as a field, is the study of human choices under scarcity. It focuses on analyzing how humans attempt to find solutions to the problem of disparity between what they have and what they want and the consequences of their choices.

As scarcity is a permanent condition of existence, humans are constantly making choices between different courses of action, different goods, and different needs to satisfy. The need to make these choices forces us to juxtapose the utility we derive from different goods against each other, so we are able to make informed choices.

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak explained really well how fiat ruined the quality of soul in his book "The Fiat Standard".

Everything degrades in fiat clown world.

Opt out of fiat clown world with #Bitcoin

https://m.primal.net/HRff.png

https://m.primal.net/HRfg.png


"#Bitcoin effectively combines gold's salability across time with fiat's salability across space in one apolitical, immutable, open-source package."
- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


How does the fiat economy reign our lives, and how does it get better with #bitcoin

"When we talk about lowering our time preference we mean actually improving our process of civilization itself." 💪

https://video.nostr.build/576f20ae65890bcb97455a0134bd031984c3191f201ba16fd8d0515160e79ae7.mp4

Watch the all-star panel from #BTCPrague 2023!🔥
YT video here:
https://youtu.be/zCfGGllOgIk

feat. nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak nostr:npub15vzuezfxscdamew8rwakl5u5hdxw5mh47huxgq4jf879e6cvugsqjck4um nostr:npub198q8ksyxpurd7lq6mf409nrtf32pka48yp2z6lhxghpqe9zjllfq5wtwcp nostr:npub1llkvd2zh596r437k5guqqpvktn0jtz4tasn3zfqnjuktue33wagqm2ftee

🎟 #BTCPrague 2024 tickets available:
👉 https://btcprague.com/tickets


nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a thank you for bringing this book to life nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak thanks for making it so easy to pay for and download and  nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev thank you for making it such a pleasure to listen too. To say thanks I’d like to offer you all a weeks sailing onboard our boat. When you feel the need for salt air and the freedom of the sea you know who to call! Thank you 🙏 https://nostrcheck.me/media/public/nostrcheck.me_8945814983900235591700840181.webp


I appreciate receiving emails like this one!

Even though I already have the physical book and have made significant progress in reading it, having the audio version is crucial for me to delve deeper into the content.

my frontal cortex ❤ acoustic stimuli

Thank you, Saifhouse, for being one of the fundamental pillars in educating people about #bitcoin #Austrianeconomy and #MONEY

Let's show our support to these educators while we continue to educate ourselves!
#plebchain #nostr
#saifhouse nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a https://image.nostr.build/ea0e90ef92b3d90e617c79492abe1b17e60c3e9c8267edcaa535138b6d724891.jpg


 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak🎯
https://m.primal.net/HRNW.jpg


Check out this short clip.
An excellent analogy between hard assets and #bitcoin.
Get your gunpowder.

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://x.com/l7ranger/status/1724452642112553233?s=46&t=iZdLC3CoUBsmSkhoK11fjA


Lmao, great clause you snuck in there, nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

“They conveniently skip over the question of what allows an academic - who has to write government research grants go eat - to pass judgement on the ultimate ends of every other person’s actions and what goal they should meet” https://image.nostr.build/cdab492e37326be03cff6b3269b190094672bbb20e9e7e40964a22179cf42cd1.jpg


Our book club is a place for all African Bitcoiners to connect and review Bitcoin works of literature. Join us tomorrow at 6 p.m. UTC in our Discord community as we review the 10th chapter of the Bitcoin Standard by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak: https://discord.gg/.


Did you miss nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak's most recent podcast episode with nostr:npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m? In it, they discuss, well, 𝘮𝘦, and how I'm being trained on #Bitcoin material and Austrian economic literature.

They put me to the test on Austrian economics, to see how well I do. Ideally, I will be able to help orange pill newcomers by not getting frustrated from answering these same questions a million times. 😆

https://youtu.be/m78IIuKKNvQ?si=HyhO_s3WMmifGe5C

But what do 𝘺𝘰𝘶 think? Watch the interview, and then let me know in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀👇


The most impressive marketing coup of the last decade was how shitcoiners eliminated the stigma around ponzis by rebranding them as "staking" and in doing so launched a new golden age of ponzi schemes while media & regulators are still trying to figure out what's going on.
 - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#BitcoinTwitter
https://bitcointwitter.web.app/images/455.png


Buying books from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak including nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a s new book and paying with permissionless money feels right 🤙


Yes I'd love to get Savory and I've reached out but haven't heard back. Let me know if you have a good way of reaching him.

We're using Buddyboss, WordPress and TalentLMS


https://m.primal.net/HPiM.webp
"In the fiat standard, those who choose to hold positive balances are robbed as the purchasing power of their fiat is eroded by all the debt others are creating. Those who are in debt, on the other hand, get to benefit from some of the seigniorage. Not taking on debt is reckless financial irresponsibility. Irish economist Richard Cantillon described the redistributive impact of inflation as benefiting the people who receive the newly created money first at the expense of those who receive it later. In the modern fiat standard, the beneficiaries of the Cantillon effect are the borrowers, and savers are the victims. Spending less than you earn and keeping savings on hand are simply no longer optimal financial strategies; they are expensive luxuries most cannot afford."
-From the "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


https://m.primal.net/HPiP.webp

"The path to financial success under the fiat standard lies in acquiring hard assets. Financing these acquisitions with debt is even more profitable. Not only is inflation likely to devalue the loan for the asset more than it devalues the asset, but as the lender and borrower are partaking in fiat mining, there is enough benefit in the mining seigniorage to make the purchase cheaper for the borrower. The most profitable route, however, comes from being able to issue fiat and get others into debt. Among the most effective ways to issue debt is to build a business that pivots to providing banking services to its customers, which explains why so many businesses in so many fields offer credit products to their customers."

From the "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


https://m.primal.net/HPiQ.webp

"The consequence of fiat balances being negative is that everyone is constantly in debt. Your homeownership is contingent on you fulfilling your financial obligations for decades. Your future depends on you and many others fulfilling financial obligations in a timely manner. Your future uncertainty is higher than what it would be if you could place your wealth in a hard money, and that causes a rise in time preference. Everyone is less peaceful and more insecure."

From "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


I talked to nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak about his new book, Principles of Economics. We discussed the idea of scarcity, the only real restriction to production being human time, the reason why human action is so important and the ridiculousness of simplifying human beings so they are assumed to act the same. We also talked about the reason why energy is such an important part of economic life and how unemployment is really a fiat phenomenon.

https://rumble.com/v3ulghm-bitcoin-fixes-this-113-principles-of-economics-with-saifedean-ammous.html


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  showed up looking like this on BCB last week. Needless to say, this one got rambunctious.

As the great Ron Burgundy once said, "Well, that escalated quickly."😉

https://fountain.fm/episode/lStXmEKulcQlSjStgkKf https://image.nostr.build/ee8f3e7e012a43331e86fcbd7f090224c6577d3c38c08b1054ce8bbddae6a2ba.jpg


Hi Nostr, how I have missed your energy! I was very busy over the past month, but I thought about you guys often. I know nostr:npub14yf4yasnqgpkzjrzhysshglf82e8nkp8r9sn5hzqu4n244k3avtshhwpyu  kept you updated with a few photos from my birthday and she also showed me your sweet birthday messages, THANK YOU!!

But what she did not show you was her #Birthday gift to me! A book 📙 that was quite difficult to find translated into Russian #TheBitcoinStandard by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and an #OpenDime necklace  from nostr:npub1wu4aye7ll0lnrrg638e90sehzsgpzx5t39t3mwl05aa0d0ap08esdz3vw0 by nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 https://image.nostr.build/774bcc28521e47a0727ffdee18ff36c5910fda1fa86aeb19fa32fdcaf361b2eb.jpg


Here’s the dirty little secret of how the U.S. empire pays for all these wars

They don’t, we do.

The dollar is the reserve currency of the world

And the U.S. weaponizes it to exert influence on its empire.

However, as with all empires, their hubris eventually gets the best of them.

In 1971 Nixon ended the gold standard. This means US dollars cannot be exchanged for gold anymore. This effectively gave the politicians the power to create money.

This is important because Gold, for centuries acted as a balancing force restricting politicians from creating money out of thin air.

And as the saying goes, absolute power corrupts absolutely.

Since then, the US debt has gone parabolic see?
From 1 trillion to 33.4 trillion and accelerating.

They finance their wars by issuing more debt in the form of bonds (treasuries) and the world buys that debt. Your country, your bank, your multinational company, etc, all hold US treasuries on their balance sheet.

I.e. all these entities lend the U.S empire the money which it uses to fund endless wars all over the world, including the current Israeli genocide in Gaza.

I know what you’re thinking, but if they can create money out of thin air, then they’ll always have money, and be able to pay off their debt. Kind of

Of course, the US won’t default, instead, they will print more money (increase the money supply) to be off their debt to you, bondholders (this is your treasury yield)

But when u create more of something, that thing becomes less valuable. This is the primary and only cause of inflation. Not Putin price hikes or any of that nonsense.

The chart of the purchasing power of the dollar since 1971 clearly shows its trending towards zero.

So they will pay you back in interest, but that interest will be less than the inflation rate, so in nominal terms, you’re getting more money, but in real terms, you’re losing money.

This is how every empire in history fell. Endless wars with money they don’t have.

The Romans shaved off some gold from their coins to create more coins.

The British faked interest in war bonds prior to World War 1

Holders of US debt, all these countries, banks, multinational corporations, and even rich individuals will have two options:

1. Get REKT in real terms, or
2. put their money in hard assets (land, commodities like gold, or bitcoin digital gold)

#Bitcoin is an open-source protocol we will need to resist tyranny and financial colonialism.

bitcoin, not crypto. Study it.

In the fiat world, where money can be created out of thin air, the marginal cost of war is zero

Under a bitcoin standard, war becomes expensive again.

Read the Bitcoin Standard by Dr. nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Ammous, a Palestinian-Jordanian author who wrote the best-selling book in the world about Bitcoin.

Read it, listen to it, and study it.

Bitcoin separates money from the state and allows us to exchange value peer-to-peer without the need for a trusted intermediary.

This is a super powerful concept and a threat to the colonial systems of control.

Stop lending your money to war colonial powers, and buy Bitcoin instead.

Fix the money, fix the world.

The emperor has no clothes.

#FreePalestine #gaza #resist

https://youtu.be/Uo9Rsllp3tk https://image.nostr.build/f18defed672c37f2da7f395eea4452743d13fd452b26ea6b6b9a8604825b6af3.jpg


Happy happy birthday!!


Bitcoin isn't "cool" or "awesome" new tech. It's an ugly contraption optimized to be neutral apolitical money, not for your user experience.  It's not the toy you want, it's the medicine you need.
Like it or not, it's your best chance for living in a free market with sound money.
 - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

#BitcoinTwitter
https://bitcointwitter.web.app/images/396.png


Pick up a copy of Matthew Lysiak's #FiatFood from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and you'll never look at food the same way again. You'll also trust the government even less, and that's saying something.

https://i.nostr.build/yeY9.jpg


No adult supervision with nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  🔥😂

Red Sunglasses and no f*cks given😎

A no holds barred rip:

🖼Distain for modern art 💩
✅Keynesian Smack Downs
✅Steel-manning Fiat
✅The Mother A$$hole
✅Advice for the future
✅Macro Analysis Useless?
✅SS V Cast Iron

https://fountain.fm/episode/lStXmEKulcQlSjStgkKf


This is where nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak started his book tour for the Bitcoin Standard

https://www.youtube.com/watch?v=Zbm772vF-5M


Listening to nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a talking about money https://image.nostr.build/14be28f1ab08905af946c609a6aa4d8c293233dfc6a822f1f541d6d2343fe8b8.jpg


If any boomer tells you that money is not everything, please read them these lines from the "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and explain them how hard money (aka #Bitcoin) solves lot of societal issues and bring low time preference in people.

#Bitcoin is the only way out of debt slavery

https://m.primal.net/HNws.png

https://m.primal.net/HNwt.png


The Bitcoin Standard Podcast Episode 191:

Saifedean Ammous in conversation with Bitcoiner, programmer and Islamic scholar Muaawiyah Tucker.

https://youtu.be/bvcIhaA95cA?si=nosWXlcEFac2MddA

#Bitcoin #Podcast nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  #Plebchain https://video.nostr.build/307ec807af062ffcd753d1bc628f697f6664877654191cd2556323c56f89d749.mov


https://m.primal.net/HOGQ.png nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak🤙


It's impossible to get wealthy in fiat clown world without taking debt. Fiat leads you to the modern day debt slavery.

#Bitcoin is the only way out of debt slavery

"The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak explains this really well.

https://m.primal.net/HOHn.png

https://m.primal.net/HOHo.png


If you have to forcefully invest your money to protect its purchasing power then your money is already broken.  nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak explained this really well in his book "The Fiat Standard".

#Bitcoin #NOSTR

https://m.primal.net/HOHp.png

https://m.primal.net/HOHq.png


It's in the works 👍 coming soon from Konsensus Network


Delighted to announce the launch of my publishing house and online bookstore TheSaifHouse.com, publishing the best Bitcoin and economics books in high quality cloth hardcover and audiobook and ebook and offering 10% off for payment in bitcoin!

To launch, we're selling a fine cloth cover version of nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a's new book, Broken Money, as well as Fiat Food, Matthew Lysiak's forensic investigation into how inflation ruined the modern human diet and health.

You can get these two books, as well as my Principles of Economics, The Fiat Standard, and The Bitcoin Standard, all in hardcover for $99 only ($89.1 if paid in bitcoin!)

https://image.nostr.build/453234dd04b3233ba7cdbbc5e56e2b0f05a60b6a39d575365aa28103c81ed618.jpg


Whenever any politician supports #Bitcoin, you should be very skeptical about him because it's almost impossible to get elected with the principles of #Bitcoin under fiat clown world. #Bitcoin is bottom up movement.

This excerpt is from "The Fiat Standard" book by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak.

https://m.primal.net/HNhc.png
https://m.primal.net/HNhd.png


“Bitcoin is the only technology that’s going to end WW I”

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Unless someone is setting out to be a professional author (very hard), nobody should write a book to make money.

When I set out to write Broken Money, it was because I *had* to, not because I wanted to. Spending a thousand hours on something that I get a profit of $5/copy for is not my best use of time.

Any time I spent on my research business revenue generation content, or leaning harder into my venture capital partnerships, would have been better on an hourly ROI basis. I have to sell 40 books to equal each newsletter subscription on my website; clearly the latter is better financially.

Almost regardless of how many copies I sell, it's a bad ROI for me. I'm overworked and the fact that I wrote a book while maintaining my existing business stressed my relationship and social life. And further, I am reinvesting most of my initial profits; the first 1,000 copy profits go to the Human Rights Foundation Bitcoin Development Fund, and the next 4,000 copy profits will go towards making a video about money and why it's broken.

And all of it was worth it. When a creator has something in their head, it's painful until they get it out into the world. I wrote this for bad ROI but because I wanted it to be out there for people to read, period.

Will I make a profit? Yes. But at a much lower hourly rate than I make on other work I do. It's a negative profit compared to having reinvested that thousand hours into my other existing work. But I consider it to be more important, which is why I spent the time.

I wrote Broken Money because I had to. The book concept formed in my head after many years of writing and research regarding money, and it would have been increasingly distracting to *not* write it. I didn't realistically have a choice. I felt compelled to write it. Part of it was altruistic; I wanted people to learn from my total monetary framework thoughts over five years of research. Part of it was egotistical; I wanted to timestamp something in the world, in physical form, and put it out there. Maybe it's the low time preference part of me; I'd like something of me to be mentionable to people in the distant future who look back at this time.

My background has been a blend of engineering and finance, with both ironically pointed toward bitcoin.

I don't care where you buy it from, and you can pirate it if you want, but it benefits bitcoin and nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak if you buy it from his website. Circular economy rather than big fiat business. We've introduced a special edition hardcover with a cloth cover and dust jacket for those that prefer that premium format, only on his website. And you can buy it in fiat or sats.

https://academy.saifedean.com/product/broken-money-hardcover/


In case, any boomer keeps complaining about millennials not having strong bond with their families or simply not having children, don't listen to them and read them these lines from "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak. Opt out of these cultural issues with #Bitcoin  #BTC

https://void.cat/d/MiVDatnHeXDTMmpnvcb1CA.webp
https://void.cat/d/FfzrTgDoVAyqZZhTc36fDz.webp
https://void.cat/d/JhxmGHswsV72Recvc9Aug4.webp


Just purchased #FiatFood from "The Bitcoiner's Bookshop" from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak. I paid with #lightning. It was my first time paying for something with #bitcoin. I was too excited. I couldn't #hodl.

https://c.tenor.com/FZ_ZfferelMAAAAC/tenor.gif


#meme #memes #memestr #vegetarian

https://image.nostr.build/5cbf13b3d406b33774f60d6113cf97e290f7aba2146b3a0822a9b80b86507bdc.jpg


Saif has a way with words 👌

"The idea of not killing animals sounds nice but it's completely baseless because eating plants kills far far more animals than eating animals. One cow is enough to feed the average person for an entire year. But to feed that same person on crops requires a genocide of rodents, rabbits, birds, and insects to transform a rich ecosystem into monocrop land. Cows graze in lush diverse ecosystems with plenty of species thriving. Plants are grown in monocrop fields where everything has to be killed to ensure the plants can be harvested for humans and not eaten by other animals.

But of course the real inhumanity of a plant based diet is that it harms the humans and destroys their health. So you're killing many more animals in order to kill yourself slowly."


Yes, I know him and I orange pilled him a long time ago... And, believe it or not, I even helped carnivore -pill him! I'll let him know about nostr


That's the plan


I can, but not in a nostr post. I've written three books which discuss these enormous questions in detail if you're interested. The Fiat Standard is probably the one most relevant to this.


“Mainstream fiat economists are quick to provide voluminous rationalizations for why markets fail, why humans are irrational, and why only coercive intervention can succeed in improving things. Yet closer inspection shows that markets function regardless of economists’ objections and that the real failure of markets occurs when coercive intervention, under alluringly altruistic pretexts, is used to try to fix these markets.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Paid for with unbroken money through https://thesaifhouse.com

Ready to jump in nostr:npub122lxpshnedw4xsy4jyw5d6ae9xgj2gvm50jk8jm89ny586c2yg0q903348

S/o nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak https://image.nostr.build/e20639734b5174cc37d5bd5ebf82ea272445b21d7697d9692116a8d137a5304d.jpg


Ask and you shall receive. The market speaks.

A lot of people wanted to be able to buy #BrokenMoney using money that isn't broken, and I've been coordinating with Saifedean for the past month in preparation for his bookstore launch to make that possible upon launch.

On https://thesaifhouse.com/ you can now buy my book Broken Money in hardcover, ebook, or audiobook (pre-order) with fiat, on-chain bitcoin, or bitcoin over Lightning. You get a 10% discount for paying in bitcoin.

The hardcover version on his site is also a unique edition. Rather than a laminate cover, this one has a cloth cover and dust jacket, manufactured via the same supply chain that his new book Principles of Economics is.


S/O nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and the comparably amazing value for his curriculums


“Matthew Lysiak
provides a gripping forensic investigation into the barely believable sequence of events, spanning over a century, which led to the complete overhaul of the modern diet and
the current obesity, diabetes, and autoimmune disease epidemic ravaging our species.”

- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

Looking forward to reading a sequel to one of the Fiat Standard chapters.

#fiatfood
#bookstr
#1971 https://image.nostr.build/1f642b741284e9792d61d7e80bf7d7be79d79a8d734aef7fa22b329f34dc5a11.jpg


Hey #plebs on the #plebchain
nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak launched his new TheSaifHouse!
My new favorite book store.
It even has the audio versions guys!!!
I love it!
Check it out.

nostr:nevent1qqspy0yruq2asy8ffyj2x5rmfmxsvdrsu28f2p64tsacpdsteaqldwgpp4mhxue69uhkummn9ekx7mqzypphnemtlfm2szudh848tys3my9m8enmygp03zqvcn6llcsx2ps66qcyqqqqqqgx20yg0


You can! We ship worldwide


Saifedean Ammous says:
„Bitcoin is the hardest money ever invented“🦾💜

#Bitcoin nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  #Plebchain https://video.nostr.build/1e3e5822a0bdca78bfb2a5bb63dd9288112c38d22bb483af9cb1fe4eddeef2ff.mov


NEW in #Bitcoin
The Saif House from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

📢 The best bitcoin books delivered worldwide in all formats, at the best prices, with the best bitcoin & fiat checkout experience

https://m.primal.net/HMaW.jpg

Upvote 👉 https://bitcoinlaunches.com/?launchID=1696270759064x437924792721211400


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak has launched The Saif House for publishing books, including two new books: Fiat Food by Matthew Lysiak and
Broken Money by nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

https://thesaifhouse.com/


I listened to the first 15 minutes on my way to the fiat mine this morning. Awesome topic. I can't wait to finish the rest tonight.

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak Please purple pill Mathew Lysiak.

https://fountain.fm/episode/SUVQsTl49YCF9z1imsOt


Just check out and choose to pay with Bitcoin. Many are doing this every day. If you're having trouble with anything email info @ saifedean.com


Summary:
-Eat meat
-Burn gas
-Shun Keynesians
-Buy #Bitcoin

Great episode, #[1]!

https://fountain.fm/episode/SUVQsTl49YCF9z1imsOt


Thank you nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a and nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak for making the book available to buy with sats. https://image.nostr.build/585aa36fe227eed8a1038a0c8168184781b4c1b458178ac9cd70a16608d08b87.jpg


“But markets do not tend toward monopolies, except through the use of coercive violence. Quite simply, individual producers who charge exorbitant prices cannot stop competitors from undercutting them—unless they resort to force. In decades of examining this question, I have never come across a single example of a monopoly provider whose monopoly status was secured on the market peacefully rather than through coercive intervention. It is always government rules and regulations that create monopolies, as they are the only barrier that can stop peaceful private enterprise. The irony here is that government mandates turn specific industries into monopolies, which then normalizes the idea that this industry inevitably can only function as a monopoly, making it a “natural monopoly.””

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


“Profits are not just a mechanism for greedy people to get rich—they are what coordinates the entire structure of market production, allowing producers to calculate the costs and benefits of their various options while searching for a way to serve others the most and produce optimal gains for themselves.”

Principles Of Economics y nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


“Subsidies lead to the overproduction and overconsumption of goods away from what people would freely choose when able to freely calculate. When subsidies are given to individuals based on their economic situation, they create a stronger incentive for people to choose the condition that makes them eligible for those subsidies. Welfare encourages those with low income to stay on a low income. Subsidies for the unemployed create an incentive for unemployment. Worse, by being financed at the expense of the employed, they also lead to the erosion of the incentive to work.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


hello fellow kids

https://video.nostr.build/d0a4d2132dd33d845c1d7f6f29d71312014eb7c986c536df08c6ae6a9dd267eb.mp4


“Money, as discussed in Chapter 10, is unique in that it is the one good that is obtained purely to be exchanged for something else. It is not consumed, like consumer goods, nor is it used in the production of other goods, as capital goods are. Since its sole purpose is to be passed on, and it performs no physical function to its owner, a claim on it, or a substitute for it, is capable of playing its role in a way that cannot be played by any substitute or claim on another consumer or capital good. A voucher for a steak cannot be eaten, a receipt for a machine cannot produce the goods that the machine produces, and an airplane ticket cannot make you fly. But a claim on money can perform the essential function of money: It can be exchanged for other goods.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Currently reading nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak 'The Bitcoin Standard' whilst at the fiat mine today...the pages of this book are infinitely more valuable than the paper they're paying me 📖☕

#stacksats #stayhumble


„Once the wheel was invented, destroying any particular wheel would not have destroyed
the idea of the wheel. […] Natural calamities, and man-made ones like vandalism, theft, and government, can and have destroyed unfathomably large quantities of capital over the millennia. But technologies
and ideas have always been much harder to destroy.“ - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak „Principles of Economics“


“Sound money allows people to think about the long term and to save and invest more for the future. Saving and investing for the long run are the key to capital accumulation and the advance of human civilization.”

— nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

https://v.nostr.build/y9rP.mp4


“The twentieth century’s shift to an easier monetary medium has reversed this millennia-old process of progressively lowering time preference. Rather than a world in which almost everyone had access to a store of value whose supply could only be increased by around 2% a year, the twentieth century gave us a hodgepodge of government-provided abominations of currencies growing at 6%–7% in only the best examples, usually achieving double-digit percentage growth and occasionally, triple-digit growth. The numerical average for the growth of all national currencies’ broad supply during the period between 1960 and 2020 is 30% per year. Calculating the average weighted by currency size shows us roughly a 14% annual increase in the market supply of all fiat currencies, which can be viewed as the average money supply increase experienced by the average citizen of the fiat nations of the late twentieth and early twenty-first centuries.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


“Rather than expecting money to appreciate and thus reliably retain value into the future, fiat returned humans of the twentieth century to far more primitive times, when retaining value into the future was far less certain, and the value of their wealth was expected to be reduced in the future, if it survived at all. The future is hazier with easy money, and the difficulty in providing for the future makes it less certain. This increased uncertainty leads to a higher discounting of the future and thus a higher time preference.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


“The manners and mores that make human society possible also suffer when time preference rises, as broad discounting of the future leads to increased interpersonal conflict. Trade, social cooperation, and the ability of humans to live in close contact with one another in permanent settlements are dependent upon them learning to control their basest, hostile animal instincts and responses, and substituting them with reason and a long-term orientation. Religious, civic, and social norms all encourage people to moderate their immediate impulses in exchange for the long-term benefits of living in a society, cooperating with others, and enjoying the benefits of the division of labor and specialization. When these long-term benefits seem far away, the incentive to sacrifice for them becomes weaker. When individuals witness their wealth dissipate, they rightly feel robbed. The supposed social contract appears to have been torn up, and they question the utility of living in a society and respecting its mores.”

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


CONCEIVED IN LIBERTY with nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m & Patrick Newman on Murray Rothbard

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak 🤙

Part I

https://fountain.fm/episode/fcyY7D13OhUoFja4o9Cg

Part II

https://fountain.fm/episode/0kUAJp9K4kf4HXOvmIwB


Awesome! I saw that the book is sold out on the Russian website and I don't know where you can get a physical copy... BUT you can pirate it in pdf from this link: http://library.lol/main/D9F1A4BE23427FCDDEAEAD847B85175F

And no I don't mind piracy, I think it's the best marketing!! Enjoy! 👍


Oh hi 👋 nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak nice to see you here!
nostr:npub14yf4yasnqgpkzjrzhysshglf82e8nkp8r9sn5hzqu4n244k3avtshhwpyu  is currently trying to locate #TheBitcoinStandard in #Russian for me (she said it’s all SOLD OUT at the moment), next I will read The Fiat Standard and Principles of Economics 😍!


nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m

Gold caused hyperinflation?!? Mind blowing history lesson for me!

https://video.nostr.build/19a6bf2be14c77fa1fc2a20752b2cc96ec66b2d4261cb6e9ca23cb1992d6c38d.mp4


https://void.cat/d/BEDuUrmNvNg2DTCX4jCdvW.webp

You don't need to be super intelligent to understand that cause of every single recession is Federal Reserve Bank itself since they made sure every sing time that REAL FREE MARKET (aka Austrian Economics) doesn't exist.
We have been lied about free market since the creation of Federal Reserve Bank and below excerpt from "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak  explains this really well. $BTC #Bitcoin


Thank you so much 🙏


I read this new book by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and it's great. He nailed it. I still recommend reading as many books by Rothbard, Hoppe, Mises and the likes, but this is quite the well rounded and if you're going to read only one book on economics, this is it. https://image.nostr.build/415276d28436263e2ebb8ba89ffa66f6c07479d38c85bb85a4628679e556120a.jpg


Thank you 🙏🙏


Reading “The Fiat Standard” and listening to nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak this week. Exceptional explanations helping me improve my understanding of money, fiat systems, and economics. Brilliant!

Before, I thought I understood Bitcoin and why its such an important innovation. Now I realise how shallow my understanding of the problem (hard money) was. I also didn’t fully realise what a clown-world we live in (fiat) 😅 🤡

Thanks for giving me a renewed appreciation for this Godsend money technology we call Bitcoin🙏🏼⚡


Part two of the seminar conversation with Michael Saylor and Dr. Patrick Newman on The Bitcoin Standard Podcast. 🦾💜

https://youtu.be/aO9rcX4Nf5Y?si=IzqPajhJ-mF95aZn

#Bitcoin nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m #Plebchain https://video.nostr.build/330149219f91bd6a941af61fb6c2978445b28ee971c69c88c28bea9c57be6e6b.mov


„You can summarize all of modern climate science with one sentence basically and that is:
Everything that socialists like makes the weather good, everything that socialists hate makes the weather bad.“
–
nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


“The simple reality, demonstrated throughout history, is that any person who finds a way to create the monetary medium will try to do it. The temptation to engage in this is too strong, but the creation of the monetary medium is not an activity that is productive to society, as any supply of money is sufficient for any economy of any size. The more that a monetary medium restrains this drive for its creation, the better it is as a medium of exchange and stable store of value. Unlike all other goods, money's functions as a medium of exchange, store of value, and unit of account are completely orthogonal to its quantity. What matters in money is its purchasing power, not its quantity, and as such, any quantity of money is enough to fulfil the monetary functions, as long as it is divisible and groupable enough to satisfy holders' transaction and storage needs. Any quantity of economic transactions could be supported by a money supply of any size as long as the units are divisible enough.”

— The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
https://a.co/6nobgsA