BitcoinMendocino's avatar
BitcoinMendocino
bitcoinmendocino@nostrplebs.com
npub1d35f...k508
#Bitcoin is the alternative financial system for local communities at a time of inflation and spiraling national debt. #Mendocino California.
True or false: Quantum computing will know if Schrödinger's cat is dead or alive. image
Yes, it is true that the US dollar has lost about 25% of its purchasing power since January 2020. This means that $1 in 2020 is now worth about $0.75 in terms of purchasing power. image
From @River ‘s X post: Ever wonder how ‘money’ (actually currency) is created? It’s not just printing cash! Here’s the breakdown: 1️⃣ Banks create money via loans (credit expansion). 2️⃣ Gov deficits lead to new money via bonds. 3️⃣ Fed buys securities (open market ops). 4️⃣ Loans to banks (e.g., post-2023 crisis). 5️⃣ Foreign exchange interventions. 6️⃣ Physical cash printing. Congress green-lit a $3.4 trillion spending package through the Big Beautiful Bill. What does that mean for Americans? Your dollars are on the path to devaluation. image
My guess is that the 80,000 bitcoin held since 2011 that were recently exchanged for dollars happened because someone who understood bitcoin died and someone who doesn’t understand bitcoin was given access to the keys. image
In the movie The Matrix Neo chooses the red pill to wake up and discover what’s really going on. Getting “orange pilled” means waking up to the truth about our broken dollar-based financial system and how it drives inequality keeping us enslaved. Study bitcoin and see how deep the rabbit hole goes. image
All this bitcoin being sucked up by treasury companies makes me nervous. Are we creating bitcoin gated communities? Isn’t bitcoin supposed to be distributed to more and more regular folks? Isn’t it eventually supposed to be a medium of exchange? THE medium of exchange globally? image
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” image
At first you’ve never heard of it. Then you ignore it. Then you laugh at it. Then you think it’s a scam. Then you notice it’s still around. Then inflation is eating away at your future plans. Then you keep hearing about the growing national debt. Then what do you do? image
You work for 8 hours to live 4 You work for 5 days to barely enjoy 2 You work for 10 hours to eat in 15 minutes You work for 50 weeks to have 2 weeks of freedom You work for 40 years to still struggle to retire Next time you ask yourself, "should I take the risk?" Instead ask..."Will I regret not trying?" image
When communities spontaneously start using bitcoin, they keep value local and remove themselves from the planned inflation of government mandated currency. image
Just think what this can do for Mendocino businesses … Square, the payments platform owned by Jack Dorsey’s Block, Inc., has launched its bitcoin payment integration, allowing the first businesses to start accepting bitcoin at their terminals. The system uses the Bitcoin Lightning Network to facilitate instant and low-cost payments. Business owners can choose to keep the bitcoin or instantly convert it to dollars.