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₿atiskaf
batiskaf@nostrplebs.com
npub1cw6r...gjt0
Central Banking is Central Planning. Separate Money & State. #Bitcoin
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batiskaf 2 years ago
@Guy Swann Every time you say the verb "withdraw" I hear "to withdrawal" and it drives me nuts 😂 Maybe it's just me. Just needed to vent.
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batiskaf 2 years ago
No economic intervention could ever be of net benefit to the system that produced it. No benevolent market manipulator could possibly make equal or better economic decisions than the irreducibly complex sum total of all free market participants' economic decisions. HANDS. OFF.
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batiskaf 2 years ago
Clear thinking is subordinate to decisive action.
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batiskaf 2 years ago
Government spending means taking capital from the few Competent at the point of a gun (aka Taxation) and giving it to the numerous Incompetent in exchange for their support of Government. Welcome to Democracy (aka Socialism)
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batiskaf 2 years ago
Don't you miss the shitcoin airdrop nft scam "ads" from twitter when you scroll down your #nostr feed? 😁
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batiskaf 2 years ago
Nostr feels like the internet used to.
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batiskaf 2 years ago
Our parents ate the future. Literally. That's what credit is.
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batiskaf 2 years ago
On a fiat standard, the expansion of money supply is inevitable: If anyone can print the money you have to work for, they will. The expansion of money supply means the devaluation of your savings. The purchasing power subtracted from your savings is captured by those who expand the money supply. This is called counterfeiting money and every central and commercial bank worldwide is legally allowed to do it. Measured in dollars/euros/etc., prices of goods always keep rising. Measured in Bitcoin, prices of goods keep on falling. Since Bitcoin is still a new asset with a very small market cap (less than $1T as of 2023), its price can fluctuate wildly over the short term. Over a 4-year period however, the price of Bitcoin has seen compounding growth of hundreds of percent every time in its short history. 2009 0$ 2013 $1,100 2017 $19,000 2021 $69,000 2025 ? The fiat money experiment, which started in 1971 with the final abolition of the USD's convertibility to gold by the Nixon administration, has been slow-boiling the proverbial frog for over 50 years now, and the dollar has lost 87% of its value in that period. (A dollar today only buys 13.158% of what it could buy back then.) The hard money experiment started by Satoshi in 2009 has been protecting and increasing purchasing power for almost 14 years now, despite the best efforts of its many enemies. Its continued exponential growth in adoption and price is a testament to its ability to do what it was designed for: be counterfeit-resistant and unfuckwithable. What money is and does is something they don't teach you in school and where they do, they make sure they tell you them taking your money is good for you. I wonder why. image
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batiskaf 2 years ago
On a fiat standard, the expansion of money supply is inevitable: If anyone can print the money you have to work for, they will. The expansion of money supply means the devaluation of your savings. The purchasing power subtracted from your savings is captured by those who expand the money supply. This is called counterfeiting money and every central and commercial bank worldwide is legally allowed to do it. Measured in dollars/euros/etc. prices of goods always keep rising. Measured in Bitcoin prices of goods keep on falling. Since Bitcoin is still a new asset with a very small market cap (less than $1T in 2023), its price can fluctuate wildly over the short term. Over a 4-year period however, the price of Bitcoin has seen compounding growth of hundreds of percents every time in its short history. 2009 0$ 2013 $1,100 2017 $19,000 2021 $69,000 2025 ? The fiat experiment, which started in 1971 with the final abolition of the USD's convertibility to gold by the Nixon administration, has been slow-boiling the proverbial frog for over 50 years now, and the dollar has lost 87% of its value in that period. (A dollar today only buys 13.158% of what it could buy back then.) The hard money experiment started by Satoshi in 2009 has been protecting and increasing purchasing power for almost 14 years now, despite the best efforts of its many enemies. Its continued exponential growth in adoption and price is a testament to its proven capability to do what it was designed for: be counterfeit-resistant and unfuckwithable. What money is and does is something they don't teach you in school and where they do, they make sure they tell you them taking your money is good for you. I wonder why.
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batiskaf 2 years ago
What is the best #Bitcoin only payments processor?
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batiskaf 2 years ago
If you believe in honest weights and measures, you believe in #Bitcoin.
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batiskaf 2 years ago
Life is the Universe eating itself. #grownostr
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batiskaf 2 years ago
I follow on nostr all twitter accounts that have shared their nostr public key, which is ~30 people, and almost nothing ever happens in my feed 🥲 #grownostr
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batiskaf 2 years ago
Before you shout "Death to the Rule Breakers", ask yourself who might make the "Rules" tomorrow. #grownostr