mfostr's avatar
mfostr
npub1maee...p9v4
Working on the http://futureinternet.io 🛜
mfostr's avatar
mfoster.io 0 years ago
The more I hear about government spending, all I think about is the .10 to .90 double spend ratio just going from one side of the ledger to another. Until the ledger changes it still isn’t sound money.
mfostr's avatar
mfoster.io 0 years ago
Money printing is illusionary. You cannot create what is not there. Verifiable mathematical principles built around the finite value of principles related to units of account and agreed principles, like the modulo of 12 to measure hours in a day with the measurement of energy and output, represent the best sound money known to man. When you apply this in a distributed ledger with both mechanical and electrical engineering and bare metal machines, you get the closest approximation to truth as we know it. This finite unit of account can be divisible to allow any marketplace to thrive, including the arts and entertainment industry.
mfostr's avatar
mfoster.io 0 years ago
Any $1.00 database entry into the Fractional Reserve system creates 1/.10=10-1=9X (900%) more debt. $1.00x9=$9.00 more debt $10.00x9=$90.00 more debt $100.00x9=$900.00 more debt $1,000.00x9=$9,000.00 more debt $10,000.00x9=$90,000.00 more debt
mfostr's avatar
mfoster.io 0 years ago
Bitcoin passes an audit every 10 minutes.
mfostr's avatar
mfoster.io 1 year ago
@calle Is helping to push this vision forward. ⏩ We must push into the system one bug tweak at a time. It’s time to turn the internet right side up. image
mfostr's avatar
mfoster.io 1 year ago
@jack I’t would be great to be able to store your Nostr Key in a BitKey wallet and use the BitKey Hardware to Stamp something important. 🔑🔑 🔏
mfostr's avatar
mfoster.io 1 year ago
The ultimate goal is to push into the system not pull. 🔑📖⛓️