Read Oresme's "De Moneta" #Bitcoin

The natural state of a free market is deflation.

It's a constant challenge for me to adjust out of fiat measuring and into Bitcoin measuring. It's like changing from imperial to metric, or being at the start of learning a new language. A paradigm shift. I try to think in descending Moscow time, not ascending dollars. But it's really hard. I have to untrain the brain. On that note... All the new "Bitcoin Treasury Companies" that popped up this cycle are fiat thinking, right? I mean, I understand Preston Pysh's analogy that they are a transmission; and Saylor's analogy that they are like a pump or refinery. But they do not of themselves provide individuals with custody of #Bitcoin in the end. If, say, the focused end goal for an individual is to own (have custody of; bearer asset only) sound money and exit fiat, then all these complex stock offerings and financial vehicles are really disposable, aren't they? Disposable = useful for a bit, but definitely meant to be discarded. Like a game of hot potato. "Hold it, but not too long..." They use Bitcoin price appreciation to offer fiat users more fiat...but that fiat must be eventually dumped for sound money if a guy is a Bitcoiner. So they are just a slow motion, long time frame, pump and dump? They are adjacent to #Bitcoin...but are filled with so much fiat conversations and terminology. shares and stakes durations and dividends rates and risks shareholders and CEOs options and regulations disclosures and capital drives investor interest and ATMs mNavs and Josh Manns I think I will just keep trying to get rid of fiat and get more of what Saylor really wants to get his hands on. What we all really need to get our hands on. Sound money. I don't want a leveragable derivative of sound money. I just want sound money. An ethical, accessible, non-jurisdictional, accurate, opt-in standard for measuring, preserving and exchanging value. #Bitcoin

#Bitcoin: A peaceful, principled, opt out.

Not your keys, not your coins. #Bitcoin #Plebchain

Before #Bitcoin I rarely thought about property right.

Find the baselayer. #Plebchain

In the late 1400s, Oresme referred to two key duties of the State, which are connected, and when carried out justly bring benefit to a people, but when corrupted lead to tyranny. These ideas are relevant to many conversations Bitcoiners engage in today. Oresme was writing from within a Christian/Biblical worldview, and also as a Scholastic who valued the acquired wisdom of prior ages. He thus quotes Scripture, Cassiodorus' Variae, Ovid and Aristotle's Ethics (V). He is not novel, nor flippant, but based. Principled. The first key duty of the State (in his time, the form of the State was "The Prince") was to battle FOR the defense of his people. The reason there was a Prince at all was due to a need to protect the property rights of a weaker individual against a stronger or more numerous aggressor intent on unjust theft or robbery. This defense duty was viewed as a legitimate justification for why tribute / tax was due from the common countryman, who had incentive to pay because benefit exceeded cost. The second key duty of the State was to ensure accurate coinage. Oreseme reasoned it was necessary for SOMEONE to ensure that the weight and material of a gold/silver coin matched its face value. Assuming the Prince was the most trusted entity, Oresme argued the Prince should also ensure accurate and standardized coinage. (He states that falsifying coinage was penal even for a Prince, and justification even for war!) Under just government, the citizen and his endeavors would flourish. But under corrupt government, the citizen would be doubly threatened - first by the effective monopoly on violence aimed not at an aggressor but against the citizen himself; secondly by a dilution of the coinage that resulted in a stealthy loss of the citizens' purchasing power. ---- Takeaways: How sad that the corruption of humankind's morality ruins both Prince and People. (In Christianity, this corruption is "sin", for which reason Christ the Savior was sent to us). How blessed we are to have access to a new money (#Bitcoin) that is a protocol - a consensus system built not on the unreliable hope of a man's noble character, but upon the realization that man is so consistently and inevitably corrupted that math must be used to govern the money instead of the State.

No, I can't eat #Bitcoin...but: "Mmoney is called artificial riches, and not the other way around, seeing that a man who abounds in it may still die of hunger; as appears from Aristotle's example of the greedy king, who Ovid calls Midas, who prayed that everything he touched should turn to gold, a mad request which the gods granted, and thus he perished of hunger while awash in gold, as the poets tell. For money does not directly relieve the necessities of human life, but is an instrument artificially invented for the easier exchange of natural riches. And it is clear without further proof that coin is very useful to the public community, and convenient, or rather necessary, as Aristotle proves in the fifth book of the Ethics." Nicholas Oresme, De Moneta

Google Books

De Moneta of Nicholas Oresme

"The Founders were adamant that fiat currency was a form of counterfeiting, and they worked hard to ban it via the Constitution." - The Big Print, Lawrence Lepard, p. 43

One of the #Bitcoiners I met shortly after my orange pill awakening talked about how a way to show respect for other humans was by paying them in sound money instead of low quality fiat. #Plebchain

Over the years, #Bitcoin has led me into a deep appreciation for property rights.

I am so sick of fiat.

He who takes the king's coin Becomes the king's man

Boy, do I 🧡#Bitcoin!

Base58 and hashing and ASICs and elliptical curve and nonces are cool and all, but wait until you get down into the ethics of money production... #Bitcoin #Plebchain https://mises.org/library/book/ethics-money-production

Just think on it for a while: A money that keeps (even increases) its value over time. And if you run your own node and hold your own keys, you're into sovereign finance. #Bitcoin #Plebchain

An #Umbrel node is very simple to setup and run. Plug and play. Has a beautiful user interface too. Have also used an old Mac Mini as a node. If you don't have your node up yet, considering add it to your to do list. #Bitcoin #Plebchain

One key characteristic of #Bitcoin is that it has no issuer - whether that be the state or a corporation or a celebrity influencer or a tech wiz. #Plebchain