What these bitches want from a hodler?

So much good news today! 2 new Bitcoin mining pools!!! South American country Suriname considering mining Bitcoin Bitcoin out-lives Charlie Munger. I will sleep well tonight. GN

Ihad a long conversation with an old friend. He humored me on what I had to say. The crux of the matter in North America, and any place influenced by the US military, in my mind is: “You are the best slave because you believe that you are free.” And that people will only choose to pay tax if they believe it is a fair deal for them. Some jurisdictions are more fair than others to protect a person’s safety.

IfI think soberly about how fragile the fiat system is right now, it scares the hell out of me. Here’s my thoughts: With no reserve requirement, banks camn operate on a razor-thin cushion to be able to handle losses and operational mishaps. Lets say they have 7% of capital. In the past few years, the US dollar index went from below 100 to over 110, then back down to around 104. That is what measures the dollar vs the euro and 6 other major currencies. That’s their unit of account and medium of exchange whilst operating on such thin reserves. And that’s not even considering all the other risks they take. It’s like trying fo build a house using a broken measuring tape. The game is rigged in their favor, but every once in a while someone still screws up.

Sorry, but when I was growing up, People told me when there’s people trying to bring trouble my way To stidy a tape of NWA.