QUIZ: One of these authors fails to understand the teachings of Austrian Economics on the role of an elastic supply for a stable currency. Who is it? A. Carl Menger B. Ludwig Mises C. Friedrich Hayek D. Saifedean Ammous

In our fiat times, people do not hold gold to use it. They hold it to sell it ultimately FOR money. In the gold age, people did not hold gold to use it. They held it to spend it ultimately AS money. Now think about the coming #Bitcoin age.

As a kid in the 70s, my parents sent me a few times to youth camps in (then) communist countries east of Austria, for affordable holidays. I don't know how commie politicians ever thought that these programs would turn kids into communists. The experience after an initial Stockholm syndrome - individually, they were nice people - made the Western kids aware of the prison-like constant surveillance, the mandatory strict belief system, the run-down poverty of life outside. The weirdest thing was our privilege over local kids as bringers of Western currency: we could shop for Western goods like chocolate and biscuits and cigarettes (!) with Austrian Schillings.

Time to leave. Sad subconsciously expected. View quoted note →

What is it that politicians always want to remove privacy from communication and money? Don’t they know that their children will have to live in tyranny?

In 2026 @Bitcredit Protocol will bring back the private peer-to-peer payment instrument formerly known as "bill of exchange". The e-bill returns with Freedom Technology, payable on unstoppable Bitcoin rails instead of in bank custodied gold, on encrypted Nostr transport instead of state postal services. This will unlock world trade for the Bitcoin circular economy and give Bitcoin its missing currency, its Medium of Exchange. View quoted note →

Cyberspace infrastructure can be eternal if rigorously designed to eliminate access points for meatspace coercion and violence. #Bitcoin #Bitcredit

Christmas wishes from mass mailers are a perfect reminder to unsubscribe.

An impulse speech by Prof. Richard Werner opened yesterday's Socratic Debate at the Hayek Institute in Vienna 🇦🇹. The “interest rates drive growth” theory is empirically wrong, he showed; rates follow growth, an 'Austrians' agree. Bank credit creation and its allocation decide whether economies boom or bust. Prof. Werner warned that central banks, regulator-driven centralisation, and CBDCs will wipe out Europe’s local SME-lending banks (thousands already gone). The real path to prosperity is many small regional banks directing credit into productive investment, not speculation. Our main point for debate was that Prof. Werner thinks that this can be fixed with the right policy prescription for central banks, whereas I think that the very institution of central banks and their enormous illegitime power will invariably lead to negative economic and political outcomes in time. Central banking and CBDCs are incompatible with free markets and a free society. #Bitcoin shows that money (SoV) creation is a matter for the free market, and #Bitcredit aims to show the same for currency (MoE) creation. Read on. /1 of 2

Bitcoin will be more stable than fiat "stablecoins". This panel has more than meets the eye. Bringing the supply chains onto #Bitcoin is what will stabilise its exchange rate. Proper stable, non-inflationary.

Bitcoin won’t monetise on its own. Trade credit is key, just like during the Gold Age. View quoted note →

Thanks @The Bitcoin Conference for having me. @BitcoinMagazine View quoted note →

Money, Bitcoin: "stores value" by scarcity in relation to willing buyers and sellers and actual future production. Currency, Bitcredit: "mediates exchange" of goods produced, represents the value against which it is created, purchasing power depends in actual future production.

In today’s “Bitcoin Bankers” Seminar in El Zonte we will talk about historic Wildcat Banking and novel digitalised Wildcat Minting will monetise Bitcoin for trade and industry adoption. Feel free to join us at 6pm on the upper deck of Olas Permanentes. n

Satlantis

Bitcoin Bankers Nov 16 2025, 6:00 pm | Satlantis

A casual evening of open Socratic debate, daily from 16th November to 20th November, 6pm to 7:30pm. We will explore big questions in Bitcoin for th...

View quoted note →

Today in el Zonte, after yesterday's Socratic seminar about full reserve banking, we will delve into the electronic bill of exchange on Bitcoin rails.

Satlantis

Bitcoin Bankers Nov 16 2025, 6:00 pm | Satlantis

A casual evening of open Socratic debate, daily from 16th November to 20th November, 6pm to 7:30pm. We will explore big questions in Bitcoin for th...

Hi, San Salvador, Bitcoin Country!

My talk titled "Bitcoin Education for Trade and Industry" will start at 4:00pm. See you all in San Salvador! Also check out the whole event. I find unconferences ideal for Bitcoin ethos: http://bitcoinunconference.com