Miron Henden ⚡️

Thank you for the #BTC dip. A few sats a day keeps the tyrant away.

The Big Print by Lawrence Lepard #bookstr A straightforward explanation on how our broken monetary system is caused by fiat money with the inflation that is generated by Central Banks policy. Pay close attention to Triffin’s Dilemma - the country that supplies the reserve currency must run a trade deficit at all time and that creates a tension between domestic and foreign monetary policy. Lepard argues that economic well-being isn’t about endless growth (certainly not through inflation), it’s about efficiency and productivity. So as the capitalist economy invests savings in new ideas generating new technologies and doing it in a competitive and free environment we consumers have better and more efficient options. Without a fiat currency that is devalued day by day through inflation we would see prices go down in the economy due to efficiency and better resource allocation. Deflation is the natural condition of a well functioning economic system. The money printing is done but the Central Banks. It is argued that the US Federal Reserve has expanded its metrics to include stock market prices. Through quantitative easing and asset swaps the Fed is pushing money in the financial system inflating the stock markets and giving only a few an advantage while the majority is at the mercy of inflation. The book is easy to read and straightforward on how the financial system works and Triffin’s Dilemma explains much of the domestic tensions in the United States and how they are spilling into trade war with longterm partners. The solution would have been to keep gold as the neutral reserve currency at Bretton Woods. Since Nixon took the US Dollar off the gold standard bureaucratic governments worldwide have printed their currencies into oblivion ruining the savings of billions of honest people. But we have Bitcoin now.

The Populist Delusion by Neema Parvini #bookstr The nature of power in politics and government. The people, majority, does not rule, it is ruled by a minority of organized elites. In democracies the minority is elected. Populism, rampant today in all societies, claims that the power is returned to the people. The people cannot hold onto power as they are inherently unorganized go into political passivity and thus need elite leadership. Populism appeals to the mass man through emotion and reactivity, but really it’s just theatre organized through elections and public participation by the elite man through strategy. The real battle is between elite and elite, so if you want change you have to become the elite. Mass sentiment dies out. Food for thought. I believe populism leaves society worse off. Even if elites use populism to win easy votes are just manipulative and pray on the emotions of people who will be inevitably left even more disappointed. The effect will be even more division and hate in society. A good median education through society I believe will make populism a tool that no elite can use for gain and thus useless.

Read an article in FT. What stood out for me was a description of nostalgia, a phenomenon that is plaguing all societies I have a connection with. “What makes nostalgia so hard to argue against is that it is an ever-moving target. People pluck their favourite bits from different periods — the homogeneous culture of the 1950s, the industrial peace of the 1990s, the rampant growth of the pre-crash noughties — and combine them into a single fictitious moment. This isn’t just a sleight of hand. It makes it impossible for the present to “win”. Twenty twenty-five has to go up against a Best Of, a compilation from the last century or so.” Britain is not a broken society - Opinion by Janan Ganesh, Financial Times. 30 July 2025 https://on.ft.com/4l8JEl2

Some people decided to destroy Satoshi Nakamoto’s Statue in Lugano Switzerland. Very disappointing. https://cryptobriefing.com/bitcoin-statue-theft-lugano/

Staking and stacking #BTC, thank you market.

United Kingdom 🇬🇧 to sell almost 70,000 #BTC. After Germany 🇩🇪 sold their confiscated stash now another country sets to fill their fiat fiscal hole. This will be regretted. https://news.bitcoin.com/report-uk-moves-to-sell-billions-in-confiscated-bitcoin-assets/

Secondhand Times by Svetlana Alexievich is a must read for #bookstr Some highlights: 1. Frequent changes of social, economic and political systems create frictions among generations leading to nostalgia for the past and little hope for the future. Each generation feels as if they live in a different country when in fact they live in the same one. All this leads to the desire fot even more change having no stability upon which generations may compound on their progress. 2. Modern manipulation is based on fiction and is like a Matryoshka Doll giving rise to extremism. Interview of 25 years old officer identifying as “[…] a Russian Orthodox patriot. I serve Our Lord. […] Who sold Russia out? The Jews. The Rootless.” His proof comes from a falsely attributed quote of former CIA director Allen Dulles. What is the actual origin of the below mentioned quote that is at the bedrock of his mentality: 1971 Soviet fiction novel The Eternal Call (Vechny Zov) by Anatoly Ivanov — spoken by a fictional Nazi character, not Dulles. “[…]What we’re dealing with is a conspiracy against Russia. […] After sowing chaos, we will imperceptibly substitute their values for false ones. We will find like-minded individuals, our allies within Russia … We will turn the youth into cynics, vulgarians, cosmopolitans. That’s how we’ll get our ways …” This is what he is fighting against. If it would be true you could say he is rational. But when your propaganda is based on soviet fiction which is disguised as truth, adapted to current political tensions and you are spoon fed it, well your life is not rational or objective, you are just manipulated. This is our world today, that is why one has to live life through #objectivism.