The Austrian's avatar
The Austrian
npub1cp94...nkqr
Early bitcoin adopter and educator, open source system integrator, Black Metal lover
Central banks adhering to a fiat standard steal 10% of our time and energy each year. #Bitcoin
Beware of the so-called experts. Don’t trade. Keep DCA’ing. Keep holding #Bitcoin. image
Back up and safely store your #Bitcoin seed phrases. My favorite solution 👇inexpensive and effective. Add a magnet and mount on any hidden metal surface. BE YOUR OWN BANK! image
Who needs friends? #Bitcoin, this amazing community, my great job and Black Metal is all I need. #Bitcoin🚀
We live in an age of censorship and ever-increasing dystopian control. Our only way out are decentralized, censorship-resistant free-speech platforms like #nostr and decentralized, confiscation-resistant money like #Bitcoin.
Massive swarm of high profile X’ers flocking to #nostr. 🤝 Decentralized “trustless” platforms are the only way forward. #Bitcoin #nostr
Being back on #nostr feels good. Decentralize everything. #bitcoin #opensource
The US stock market is an overvalued shitcoin fueled by AI hype. Get out while you can and buy #Bitcoin. #Bitcoin
I visited Vienna’s St. Stephen’s Cathedral for Christmas. This Romanesque/Gothic structure was built between 1137 and 1578. I imagine that this is what low time preference means. #Bitcoin image
Thoughts on 2024 Many of us are worried that we are headed for higher inflation in 2024, which has been eating into our hard-earned money and purchasing power for years, as inflation by far outweighs interest yields. Inflation is an increase in money supply which causes goods and services to become more expensive. A variation to inflation is shrinkflation. And worse, some of us, including myself, are afraid that we are headed for a full-blown hyperinflation scenario the likes of Weimar Republic, almost exactly 100 years ago. No job, no career, no monetized achievement matters without a sound STORE OF VALUE, which allows us to conserve the fruits of our labor, our expended energy, for the future. This monetary property is referred to as “Coincidence in Time”. The lack of a reliable store of value increasingly results in instant gratification (“high time preference”) amongst consumers: enjoy today and spend, rather than save money for later. During the time of the gold standard, fiat money was backed by physical gold. The gold standard allowed citizens to exchange every US$ note for physical gold. Fair and square. Fiat money was considered sound money due to the backing by a scarce physical commodity. Tragically, the world’s gold standard was abolished in 1971 and since then, fiat money has been ‘backed’ by nothing but government debt, more debt, and ever-increasing debt, without a hard-cap to the reckless money printing practices by central banks, putting at risk not only your, but your next generation’s financial well-being. Fiat money no longer meets the definition of sound money. Full stop. It doesn’t, and it never will again, regardless of what governments and central banks want to make us believe. Excessive monetary debasement (fueled by many factors) historically has, and inevitably will result in the gradual demise of economies, the erosion of household wealth, and financial distress. The probability of an economic reset becomes higher by the day, which would put us and our loved ones back to ground zero, something my ancestors have learnt the hard way. Preparing for these disruptive events is our personal responsibility, instead of relying on governments as our saviors. Don’t trust, verify. No one’s coming to save us, least of all our governments, which have thrown us into a deadly debt spiral in the first place, and will likely go broke. Our personal responsibility demands us to effectively hedge these imminent financial risks and to thrive during times of economic distress. Me must cut through layers of lies and ‘unlearn’ many of the convential ‘truths’ we were taught in school about - What is money? - What is the problem? - What is the solution? Avoid becoming a victim of a ‘Weimar Republic 2.0’ by taking financial responsibility. Start acting today. Do your research, ask for help. 2024 will not be as forgiving as 2023. #Bitcoin
Predictions for 2024: - More fiat currency debasement - More inflation, growing real estate and equity bubble. - #Bitcoin adoption accelerates resulting from increasing awareness, inflation hedging, and flight to safety. Not owning #Bitcoin is financially irresponsible. #Bitcoin
I love stacking #Bitcoin and discovering mystical places. This is almost unreal… image
A merry christmas from a mystical place. I already got all the christmas presents I wanted: a happy family and #Bitcoin image
The fiat elite is scared shitless. Jamie Dimon JPM wants to have #Bitcoin closed down. The problem he and many other Fiatards have is that they don’t understand #Bitcoin is censorship and confiscation resistant. The #Bitcoin network is decentralized, with thousands of computers across the world running a copy of the blockchain. #Bitcoin is unstoppable as the vast majority of people chooses sound, finite money over unsound, infinite money. #Bitcoin already won.
If you have an iPhone and want to connect a #Bitcoin hardware wallet running #foss firmware, check out the SafePal X1. At US$ 69.99 a real bargain. #Bitcoin
Nice #Bitcoin rally, but let’s remember there are many catalysts that haven’t even played out yet: - Several SEC ETF approvals - Institutional investors creating supply shock - Massive FOMO creating more supply shock - Halving in 2024 - Continuous/worsening inflation Never sell your #Bitcoin