Exactly how much value has the dollar lost since 1960? It's not just the value a unit of the dollar supply lost against a unit of the gold supply, it's worse: Global above ground gold supply from 1960 to 2025 grew 2.8x, while the global human population grew 2.73x so the Gold network's Supply/Demand pressures are basically the same and the small change will be ignored. Since 1960 you need 120x more dollar units to buy the same amount of gold ($35/oz vs $4200/oz), while the total dollar network has unfairly increased divisibility by only 74x. This means the entire dollar network combined can only purchase 61.7% of the volume of gold it could 65 years ago. Further, in 1960 all Gold combined globally used to be valued about $86.6 Billion while all dollars in existence (M2) totalled about $300 Billion. So all dollars, when tied to gold, represented the value of 3.46x of all the gold in the world. Holy Fractional Reserve Banking Batman! Today, no longer tied to gold, all dollars in existence (M2) are valued at $22,212 Billion while all gold is valued at $29,226 Billion. So the dollar network went from being valued at 3.46x (346%) all the gold in the world in 1960, to only 0.76x (76%) 65 years later, which is a 78% decrease in value relative to the rising global population and global gold supply. So since all dollars combined have lost 78% of their relative market value, we can combine that with a 74x dollar unit supply increase. That supply increase itself lead to a 98.6% value loss of each individual dollar relative to the total dollar supply. Accounting for both, the total value lost relative to the global population and total gold supply per each individual dollar since their inflated 1960 high is... 99.7%. It's no wonder the US economy is dying, it's holding onto a sinking ship. Opt out of unfair supply debasement with Bitcoin. 21 Million. That's it. We can subdivide and change the names of units all we want, but the total supply will never be debased unfairly.

Really beautifully put. Well done. View article →

Love CGP Grey. 😊

Bitcoin is a decentralized digital organism. Over time it'll evolve and change, perhaps in ways you don't like or don't expect, but it'll never die.

Best AI video I've seen so far. Wow!

So I've been wanting to use physical Cash instead of cards for any bills that don't accept BTC yet, but it is quite a headache for all involved given the 13 different denominations in circulation. To solve this I believe I have figured out the most efficient Cash system, by reducing the denominations you use to only 6, allowing quick and easy exact change with no need to fumble with receiving anything back. Simply carry with you: * Paper denominations: $50, $20, $5. * Coin denominations: $1, $0.25, $0.05. The paper adds up to $420, a reasonable amount of buying power, in only 18 notes. And you can always withdraw extra $20s at an ATM whenever you need a top up. Also having only 3 note sizes means you don't have to search through your wallet for the right note: the back is $50s, the center is $20s, and the front is $5s, easy peasy. While the 3 coins are visibly different in size or color from each other which makes selection from a single coin bag easy and fast. Further, the beauty in the system is how simple it is: $50: divides into 2 $20s and 2 $5s, $20: divides into 4 $5s. $5: divides into 5 $1s. $1: divides into 4 $0.25. $0.25: divides into 5 $0.05s. Every step up of currency between $0.05 to $20 is either 4x or 5x. Very simple. While the $50 is able to be broken into the smaller units for more value density in a small amount of bills. Also, you very well might spend a $50 on a single bill and few places don't accept them unlike the $100. Since $20s are the bill likely used the most, it works well since that's the most common bill able to be withdrawn from ATMs when top ups are needed. 🤟

If you don't understand fiat, you're fiat's bitch. If you do understand fiat, fiat's your bitch. The end. 🤟

You don't need to start a podcast or write a book to make a difference, you can just spend more time with the people around you. Since Bitcoin has given me my time back, I've helped family and friends learn about sound money and get started stacking. I've helped friends save money by babysitting their kids at no charge, visited family and helped them with housework, fix transportation issues, and was present when they needed someone. Helping the world can mean helping a lot of people a little, or helping a few people a lot. They're both meaningful, but one is much more personal and strengthens relationships in your local community. Bitcoin is just an IOU for time, and there's no better way to redeem it than for those you love.

Them: What do you do for work? Me: Money.

Have y'all heard of Physical Bitcoin's?