The monetary system is the most powerful and wonderful social network that mankind has created.
Those who have monopolized the monetary system control the most terrible weapon that mankind has witnessed.
#RebelUp
Rune Østgård
npub1sv4zk080fvt4f3982u5kffzdkex3nm0kylky29um2xws5h4wsxvswtsrw4
npub1sv4z...srw4
Author of Fraudcoin, UNBAR and Arrow of Truth. undoqo.com
Understanding Bitcoin:
People are used to the idea that they must record the deed in the land registry when they buy real estate. Otherwise a seller A might defraud buyer B by selling the property to a second buyer C.
In Norway we pay a fee (tax) to the government every time we do this. The fee is huge, 2.5% of the market value of the property. We aren't obliged to record the purchase, vut we need the security that it offers.
When you have recorded the deed you can see in the public record that you are the owner.
And if you ask the controller of the registry, typically a local or central authority, they can tell you about previous transactions, who sold the property for how much back in time, and so on.
Bitcoin has a similar registry, but it's open and it's free for all to look into. Just download the Bitcoin software and you're good to go.
There are two differences: It's not land, but money that is recorded in Bitcoin. And you don't see who owns the money, instead you see user names ("addresses") and how much bitcoin these user names control. If you like that kind of entertainment, you can also track each transaction in the Bitcoin network, all the way back to when the first bitcoins were mined.
When people invest in bitcoin, this is what they get: A registry.
But, this isn't all.
A second feature they get with bitcoin is access to an infrastructure that enables them to transfer bitcoin securely, at high speed and low cost from username A to username B.
The third feature worth mentioning is the type of money that bitcoin represents.
Just like currency, bitcoin isn't backed by anything physical.
But unlike currency, the production of bitcoin is capped to 21 million. And now more than 19.6 million have already been created.
This capping ensures that everything that you price in bitcoin goes down in price, which is the opposite of currency.
By other words, when you have bitcoin you get price deflation instead of price inflation.
This means that the value of bitcoin increases over time instead of going down.
To conclude, bitcoin has economic value because:
- it's money that increases in value over time
- that you can transfer from A to B securely at high speed and at low cost
- while each transaction in the registry is open and can be verified for free by everybody in all eternity
Earning bitcoin is the killer app
#Bitcoin is the biggest rebellion in history.
#RebelUp
Norwegian kroner is now number 30 on the list of the largest currencies, while #Bitcoin
has climbed to number 13. Chinese yuan is number 1, the US dollar is number 2 and the euro is number 3.
In just a few weeks, Bitcoin has gone from being 3 times as big as the Norwegian krone, to being almost 5 times as big.
If you haven't familiarized yourself with what is happening now with small currencies - that they are being devalued so quickly against bitcoin, which could become the money of the future - then perhaps you should consider whether you should start looking at it soon.
has climbed to number 13. Chinese yuan is number 1, the US dollar is number 2 and the euro is number 3.
In just a few weeks, Bitcoin has gone from being 3 times as big as the Norwegian krone, to being almost 5 times as big.
If you haven't familiarized yourself with what is happening now with small currencies - that they are being devalued so quickly against bitcoin, which could become the money of the future - then perhaps you should consider whether you should start looking at it soon.Over time, as the degree of Bitcoin decentralization goes up, the bitcoin prize will increase.
This is something that Bitcoin has in common with all other positive ideas - the more widely they are distributed, the more valuable they become. 

How our central bank presents money creation


The world's largest sovereign wealth fund, the Norwegian Government Wealth Fund Global, has since its inception in 1997 had an annual average return on investments of 7.5% per year.
This is 1.9% less than the annual average increase in the price of gold, a commodity that the financial market perceives as being almost "risk free."
The fund is effectively burning capital due to the administration and politicians urge to "invest" instead of doing the boring thousands of years old tradition of saving in gold. As you see in the graph, the Norwegian government sold off all of the state's gold holdings in 2004.
And what about #bitcoin ?
The fund owns a tiny slice of the bitcoin company Microstrategy, but that's all.
In other words:
The state's pension management is out of control, the fund has a wealth-destroying administration, and our politicians either don't understand it, or they don't give AF.
H/t Gregard Mikkelborg at Gull er Penger, who makes incredibly important graphs.


Satoshi Nakamoto is a genius.
The best way to show our gratitude is to fight to reclaim the right to use the money we like best.
Pass on the bidding stick if you are up for it.
#RebelUp 

Prince Filip of Serbia to the left.
Rebel Runel of Trøndelag to the right.
Bitcoin attracts fighters from all walks of life.
Picture from Bitcoin Atlantis 2024, from a panel on what we can learn from history.


Loved Bitcoin Atlantis. This is Mattis and I at the bookcorner, talking about Fraudcoin, UNBAR, Arrow of Truth and our company/project UNDOQO.


Truth is the brightest light.
Norwegians are sick and tired of gasligthing, and our non-nonsense books, Fraudcoin and UNBAR, both of them aimed at non-economists, are now the two most popular in the economics category on the webshop run by the largest bookstore chain in Norway.
👊


The iron law of bitcoin decentralization:
In the long run the more the price of bitcoin appreciates, the more decentralized bitcoin must become, and vice versa.


Our books, Fraudcoin and UNBAR, are currently the two most popular economics books in Norway.
Both books slaughter today's monetary system.
#hope
#UNDOQO
#RebelUp


My home town Steinkjer has only about 13,000 inhabitants. This evening we had our first #Bitcoin meetup, with more than 30 people attending 🥳
Johan Torås Halseth and I had presentations. We also had a lively Q&A/ discussion + socializing w/refreshment + booksigning. I already look forward to do it again. Thanks a bunch to Torgeir and Gisle from Albin who hosted the event 🧡
https://video.nostr.build/3284ca6d858fef87bc7a6477346dde501b6315a307380f8bdc01b99654823486.mp4#m=video%2Fmp4&dim=720x1280&blurhash=%5DKO%3Ae7tmXUW%3Bof*0RPRjRPe.RRM%7BRibEt7tlo2odxuxua1oft7tRogkWkCj%5BofofV%40j%5BbHfjazofkCf8jZWBWBayfka%7Bay&x=1711059e3b16365336ccd1abefd760221e22ba1eed847a1d289dd517d39a0433
2023 Trojan horse to the left
2024 What came out of the belly of the Trojan horse to the right
https://image.nostr.build/d2f7017edfa95026b5fe9a3437d7831d19248febc9790facc315a44d225ad449.jpg#m=image%2Fjpeg&dim=858x504&blurhash=iEEB%3FJ%23%40xo9E00NtT0-q-VVsxrNHo%23jJW.jEn%24bI0fM%7BX8oN%7EBe%3As%2CRjNGsqbbaeaxNGxtR-s%3An%24M%7BIoozxut7sTV%40V%40R-&x=b24dafaf1a2938570492ceec0c77af087363e0c8640ca769d17204e42a63d43a
Now that UNBAR has been released both in Norwegian and English, I would like to say a big thanks to all of you who took your time time to review the #Fraudcoinbook.
🙏
I counted today, and more than 300 have rated it!
And the average score?
🫣
A whopping 4.8 of 5 😚
We cross our fingers and hope for the same response to our new book.
https://image.nostr.build/6993907ad62f8ec5386f5b5f04008a9f7f7e38a56fbf7e91437ab0722c954ba3.jpg#m=image%2Fjpeg&dim=1920x1440&alt=UNBAR+book&blurhash=%23IJNCGI%3A%3B3%24*r%3FNuS2n%25w%7B%7CxX8OXi_SgkCWVjZo1%246xFS2N%5Df%2BWBofj%5BS2t7V%40S2kWr%3Fsoj%5BSMa%7CNGkCxGRjODxGr%3FoLWVoyoLV%40bbofR*W%3BsAj%5Bw%7BaeS%23oLaebboLWBoL&x=c8706d3b36c66e302886a5ee1d502c3c1c88924ea073e0c905ade1b9460d46d4
Interest for the grift called monetary policy is catching fire in Norway.
🔥🔥🔥
A week ago I was in Oslo and gave the presentation
"Twenty teenty-four
- Centralized or decentralized monetary revolution?"
to a group of some of the brightest financial analysts in Norway.
The presentation covered many things, including monetary history, the problems with debt-based money, CBDCs and more.
I showed them that legal tender gold coins in fact have beaten the Norwegian stock market hands down (when tax adjusted) over the last 50 years.
I went on and said:
"You will have to make a fundamental decision about your future:
Do you want to work for and with
- money that is programmed to lose its value (fiat),
- money that historically has kept a stable value (gold), or
- money that is programmed to increase in value (#bitcoin )?"
This question is in fact what it all boils down to, not only for people working in finance, but for all of us who work for money.
After the presentation we had a fruitful discussion. They were open, receptive, had good questions and came with several insightful reflections.
I really enjoyed getting the opportunity to do this 👍
https://image.nostr.build/6ad3e1f9efd82c9eb3a901ead44081ecd27b84cb40191d2f98b4b64c4cdbb74d.jpg#m=image%2Fjpeg&dim=1335x910&blurhash=rHJ*L%7CtnI9IUV%40M%7CV%3FM%7BX8KPD%25tR%253bb%252R*ofxt%7EBIpWBNFM%7BR*t7R*M%7C0K-TbIogxuWCofogo0xGR-WAjYR*s%3ARjt6WCaxWAniozagWXxaRjof&x=24d9c359abf3b91b8120bd173029da1eeee31455d310ac2bd396d4ea9eb2c8b3
Norges Bank, the Norwegian central bank, don't wan't to debate me and my #Fraudcoinbook.
The economics students' union at Nord Universitetet (one of our universities) tried to organize a conference.
After repeated requests to NB they finally said NO to them.
This is not the first time something like this happens.
Following my book "Kvikkleire" (Quick clay, which one professor in geology has said should be mandatory reading for geology and geotechnical engineering students) ESRA Norway (European Safety and Reliability Association) tried to set up a conference with me and the stakeholders from the "expert" community, the regulator and others.
When the authorities and consultancies heard that I was invited, they became reluctant to attend.
In the span of more than half a year, from November 2021 to May 2022, ESRA proposed four different dates.
I said yes to each of them.
But ESRA couldn't get the stakeholders to commit people to participate in the conference.
It's evident that many don't want the truth to come out about how "experts" justifiy inflation of the
- money supply, and
- the supply of land that is safe to be developed.
Nice world you live in, don't you think?
https://image.nostr.build/00586ed600aa65c2ba2686946e806a29ef2427290b67ea7967346e172370395d.jpg#m=image%2Fjpeg&dim=400x580&blurhash=%5E.LqeAWBofayofay%7Eqofj%5Bj%5Bj%5Bj%5BRjjtaya%7Cj%5BayM%7BaeWBa%7CWBj%5B%25MfQWBj%5BWBj%5B%252j%5BWBayayj%5BRjj%5Bj%5BayayfQM%7Bayofj%5BoLayfRayofj%5Bj%5BfQ&x=6cfd80dabe0de8e5ca19bbe45685666e16de7e95e4758b2076c440fd30b01ec4
https://image.nostr.build/00586ed600aa65c2ba2686946e806a29ef2427290b67ea7967346e172370395d.jpg#m=image%2Fjpeg&dim=400x580&blurhash=%5E.LqeAWBofayofay%7Eqofj%5Bj%5Bj%5Bj%5BRjjtaya%7Cj%5BayM%7BaeWBa%7CWBj%5B%25MfQWBj%5BWBj%5B%252j%5BWBayayj%5BRjj%5Bj%5BayayfQM%7Bayofj%5BoLayfRayofj%5Bj%5BfQ&x=6cfd80dabe0de8e5ca19bbe45685666e16de7e95e4758b2076c440fd30b01ec4