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Tom
thomas_fahrer@iris.to
npub1xqp7...d8s7
Building with Bitcoin and Lightning ⚡ Co-founder of Apollo @thomas_fahrer on Twitter
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thomas_fahrer 2 years ago
Six years ago this week. BTC price was ~ $2400 One for the history books. image
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thomas_fahrer 2 years ago
Do you ever wonder why they print money? - To keep the economy running? Money printing gets you high. In a crisis, they flood the market with currency, making you feel rich. Suddenly, you become euphoric, docile, as if the problems are solved. You accept their control. image
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thomas_fahrer 2 years ago
As the Bitcoin guru Larry Fink articulated, the foundation for savings & retirement is Hope. To check if you have any rationale for hope - Here are 13 Red Flags to look for in your local fiat currency: 1) Unaccountable Creation: Is the currency created out of thin air by unaccountable bureaucrats? 🚩 2) Fractional Reserve Banking: Do “Too Big to Fail” banks loan out the savings of their clients while barely keeping a fraction in reserve? 🚩 3) Inflation measurement: Is inflation measured by a government stipulated basket of goods, with no relevance to your actual life? 🚩 4) Housing Affordability: Are the generations expected to be the engine of the economy over the next several decades priced out of owning their own home? 🚩 5) Tax base mental health: Is an increasingly large proportion of the population unsure / unable to confidently state whether they are in fact male or female? 🚩 6) CBDC Risk: Is the government seeking / investigating absolute control over payments made within their borders? 🚩 7) History of unethical behavior: Has your government recently imposed lockdowns or unethical mandates?🚩 8) Frequent Banking Crises: Is the country perpetually experiencing banking crises that require new & inventive government tools to resolve? 🚩 9) Putin's Price Hike: Are foreign leaders on the other side of the planet responsible for the currency's inflation? 🚩 10) Climate Scapegoat: Is the weather to blame for rising prices?🚩 11) Unrealised Loss Powder Keg: Has local currency interest rates spiked triggering catastrophic unrealised losses in government bonds for banks & insurance companies? 🚩 12) Sovereign Debt Levels: Is your country already within a debt spiral where it can only pay off its existing debt, by adding more debt? 🚩 13) Competition: Is there a decentralized, permissionless monetary network with a fixed supply, building network effects globally, competing with your currency? 🚩🚩🚩 If any of these apply to your local fiat currency, the smartest move is likely to be dumping it in favor of Bitcoin
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thomas_fahrer 2 years ago
They started a revolutionary war over a 3% tea tax, and most people won’t buy Bitcoin until the government approves an ETF and Blackrock blesses it with a high ESG score (both of which will happen soon). We live in the most soy era imaginable.
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thomas_fahrer 2 years ago
If you manage to avoid being poor after income tax, payroll tax, goods & service tax, land tax & capital gains tax. You're a fucking hero. But they're still going to get you by printing the money into oblivion. Bitcoin is the only escape hatch.
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thomas_fahrer 2 years ago
How to stack a filthy amount of Bitcoin over the next decade. Find a company that has: 1. A lot of profit 2. Doesn't use the lightning Network Go compete with them.
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thomas_fahrer 2 years ago
Hal Finney predicted a single bitcoin will be worth $10 million within one week of the Genesis block & you think the yearly high is in because of Bitcoin's price volatility in 2019. You're not bullish enough.
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thomas_fahrer 2 years ago
Bitcoin's value proposition: 1) Protect your wealth from being stolen 2) Transfer your wealth without anyone's permisson It's Freedom & Property rights. You either love it, or you're a communist. Simple.
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thomas_fahrer 2 years ago
You don't 51% attack #Bitcoin Bitcoin 51% attacks you image
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thomas_fahrer 2 years ago
History is littered with the skeletons of thousands of fiat currencies. Every one faces the same dead end. The modern experience is nothing out of the ordinary, except it's at a larger scale, and when the bubble bursts you can escape the splatter zone with Bitcoin
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thomas_fahrer 2 years ago
Australian Pension System: Pay a financial advisor so they can advise you on your superfund who will pay an in-house team to search for a consultant who's specially is finding you an asset consultant. The asset consultants speciality is finding you funds. These funds are specialised in finding managers and these managers will invest in a portfolio of stocks almost indistinguishable from their index benchmark.
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thomas_fahrer 2 years ago
People hate how easy it is to make #Bitcoin    maxis happy: Central Banks - Dead Ethereum - Dead Oils - Unseeded Bitcoin Price - Moon Custody - Self
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thomas_fahrer 2 years ago
Spend less than you make and patiently save in #Bitcoin image
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thomas_fahrer 2 years ago
Saving in #Bitcoin is like having a long term commited relationship with the person you love. Shitcoin trading is like having random hookups with chicks you meet outside an STD clinic.
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thomas_fahrer 2 years ago
People get histrionic about Bitcoin because it's value is subjective. It is inherently emotional. How does Bitcoin make you feel?