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BitcoinMendocino
bitcoinmendocino@nostrplebs.com
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#Bitcoin is the alternative financial system for local communities at a time of inflation and spiraling national debt. #Mendocino California.
We had a blast at the Comptche, CA fire dept barbecue yesterday! ☀️ The whole town showed up…BBQ, beer, live music, kids playing games. Nothing beats a small-town day to remind you what’s great about America. I chatted with a friend there who’s bummed about politics, saying America’s falling apart. I pointed to the barbecue, the folks of all political stripes helping out, laughing, connecting. Kids ran wild, music played. It looked pretty united to me! The media pushes the “everything’s broken” narratives, but Comptche’s barbecue showed the opposite. Neighbors sharing food, fun, and stories. That’s our strength. The real America’s in our backyards, not in the headlines.
If the story of Satoshi and bitcoin was written as a novel it would be considered compelling science fiction. But it’s not fiction. image
Has anyone noticed how people keep talking about big beautiful bills, deficits and national debts? Oh well. Did you catch the game last night? image
Twenty years ago the national debt was $8 trillion. Today it’s $36.9 trillion. The net result of this is ongoing inflation. The illusion is prices going up, the reality is the value of the dollar going down. Bitcoin is not an investment, it’s an alternative to a broken financial system. You can’t print more bitcoin. image
$ ➡️ bank account ➡️ brokerage account ➡️ IRA/401K ➡️ ETF/bitcoin strategy stock. vs $ ➡️ bitcoin. Keep it simple.
This is not Apple, Tesla or even Nvidia. It’s the US National Debt. image
As inflation steals our time and energy, as successive administrations mismanage fiscal policy, as Treasury auctions falter and the Fed’s money printer warms up… bitcoin is hope. image
As the wealth gap widens it’s understandable why people resent the rich. But the rich are a symptom of a deeper, structural problem. If you take the time to dig into this problem you’ll find it’s a broken financial system designed to benefit those at the top. This is the debt-based Federal Reserve system. It expands the money supply over time telling you this is needed to “grow the economy.” This expansion is inflation and while it’s said to be around 3% it is actually much higher. Now add to this the ‘Cantillon effect’ where those closest to the money printer benefit before inflation impacts others. Then add the fact that those who can afford assets like stocks and real estate can park their wealth in these assets driving up their value. Meanwhile those working paycheck to paycheck are losing to inflation week by week. Now you start to understand wealth inequality…and you also have a framework for understanding bitcoin. Bitcoin is the alternative financial system. It’s grassroots, has a predictable issuance schedule, can’t be inflated and is accessible by anyone anywhere. It’s monetary rules enforced by digital code and thermodynamics, not by a handful of central bankers and Wall Street traders. But don’t take the word of some random social media post - do the research and find out for yourself. image
Did your morning coffee cost more? It’s not the beans—it’s your dollar’s value shrinking. Bitcoin peels back the truth about inflation. image
I met a bitcoin spammer at dinner in the Venetian this evening. It’s interesting to talk with someone who only sees bitcoin as a vehicle for fun, swapping tokens like baseball cards - no sense of hard money improving the world. It’s like watching fine cuisine on bone china being fed to hogs. But a one-on-one in-person conversation brings home the fact that there are a variety of world views out there. image