I understand Bitcoin asks us to strongly consider the effects of the fiat monetary system we currently operate under and move toward actively separating ourselves from it, by adopting a Bitcoin Standard. The more I study, the more I realize it’s less about BTC and more about time preference. Granted if one remains on a fiat standard, saving broken money, the fiat erosion will outpace the typical rate we are able to save. Especially considering all other erosion such as taxes, etc… Thus, a new system is required. A system that aligns with low time preference and proof of work. As stated in Thank God for Bitcoin: “The goal is to create a world more aligned with God to the benefit of others, not to seek meaning in material wealth. If monetary gain becomes our goal and focus, we have already lost...Whatever wealth we get from Bitcoin is only useful to God if we use it to love God and our neighbors. Good money is a gift that can help us be better, but it is not an end in and of itself.” It seems to me that Bitcoin really only has a price becasue of the existence of fiat. Hence the current fiat exchange rate of 1 BTC = $100k+ and the mantra 1 BTC or sat = 1 BTC or sat… Let’s for a moment assume the majority of the world is on a Bitcoin Standard; items and services are demonimated in BTC or sats…what then? Bitcoin becomes a medium of exchange. It truly becomes functional money vs it’s approximate state of being a better money. What then? Will not prices just inflate denominated in Bitcoin instead of fiat becasue of man’s moral issues with greed? I guess the answer is, some will…Bitcoin doesn’t purport to fix people with a bad nature. Rather it has the indirect, and arguably direct, benefit of attracting those whom desire to contribute positively to society (their communities). Which brings me to a question I’d love to hear answers from this community for: If Bitcoin is a gift, which I believe it is, and it’s better money, which I also believe; is it only needed becasue the current fiat system is so dysfunctional? Furthermore, if Bitcoin only needed as money becasue fiat exists, what happens when the world is on a Bitcoin Standard? There will be no need to measure the price of BTC as 1 BTC will be recognized as 1 BTC..so how will Bitcoin be used as a unit of account? Merely by the proof of work of non-idle hands of the people that transact with it? #BTC #bitcoin #bitcoinstandard #asknostr

Good Morning Nostriches! The attached image “Periods when to make money” I’ve saved it at least 3-4 times over the years…it’s amazing how many things we “save” and forget about until we re-discover it. 1. Anyone know the original source? (Which of you time travelers wants to take credit 🤫) 2. So…the world ends in 2059?! 🤷‍♂️ 3. What is the timeline extension on this assuming the world doesn’t end in 2059? 🤔 #asknostr #GM #PV Pura Vida

@OPERATION BITCOIN would it be ok if I DM ya? I’ve got a question.

Love this! View quoted note →

An economy based on lies and theft will fund programs based on intention and not results. Intentions, after all, are much easier to sell. Excerpt from Thank God for Bitcoin

Good morning Nostriches! A habit our family started 3 years ago is this: Whomever wakes first, turns on worship music in the house. Especially on mornings like today when I’m up early cause my brain turned on earlier than it should have…the words being sung are a comfort. Whether we realize it or not, we fight NOT against flesh and blood and the rulers and principalities of this world! No…we are in a spiritual battle! How are we to fight if we do not put on the full Armor of God? Worship music is one way we have chosen to put a hedge of protection around our family…around the home God has entrusted to us. —- As I type that I’m reminded how Simple talking to God is and how complex man wants to make it. I’m also reminded of the seemingly obsurd requests we bring before Him through Christ…what we ask Holy Spirit to do; obsurd maybe to us and most likely to onlookers. Example: the last few gardening seasons my garden hasn’t done well. The beginning of this season I walked around the beds on several occasions and prayed blessing over the soil and seeds planted. And this season I had one of the better harvests that I’ve had in a few years. I don’t need a Master Gardner certification when THE Master lives inside me. Praise be to the King of Kings and the Lord of Lords…HE is everything I need! #GM #PV #Christian #Bible #Biblestr #Jesus #God

Man…perspective sometimes hits you right upside the head doesn’t it? 1 sat = 1 sat P.S. the fiat exchange rate has improved for Bitcoiners, but the price of BTC is still the same… View quoted note →

Everyone needs a castle…no shame in providing for yourself and family! After all, aren’t the maximalist screaming we must spend BTC too? If so, buying a house with BTC is probably one of the better uses of exchanging BTC for fiat at its current exchange rate. View quoted note →

Actually…we should start a HODL House!!! 🤯 View quoted note →

Found a new Nostrich! You know what to do #grownostr Welcome @PanttieePantties View quoted note →

Another day left on the $0.99 Kindle price of this book View quoted note →

There are other approaches than purely paying extra each month. For example using a First Lien/position HELOC or even splitting one’s payment so you pay the same amount but spread across twice a month is another strategy. The article is good and I think the “aha” for me and the take away most would be interested in is “Hopefully you’re still using that Big Green Egg [$1800 grill] in 30 years, because by that time, it will have cost you almost $13,000 in additional interest payments.” We live in such a consumerism and materialistic world that we have to start to reverse that. One of the ways to do so is to anchor purchases to something, whether it be a mortgage on a home or in my opinion, Bitcoin… When we anchor and thus price the cost of something against another thing, w can begin to gain an objective view of how much value something will create in our lives. Mathematically a Big Green Egg costing $13k over 30 years (assuming it still works then) may not seem right, but perhaps the value it creates in your life and opportunities for family to gather over the years is well worth the price. A personal example for me is the Optimus robot, assuming it can cook! A real point of struggle in my house is all three of us eat differently, part medical reason but mostly preference. As the current “chef” in the home, it’s difficult to make three different enough meals a couple times a day…it takes time…let alone the added stife it sometimes creates! $30k for an Optimus that can eliminate the frustration, create time for me, and move us all closer to our health goals… Well that’s a drop in the bucket and I’ll gladly pay it! View article →

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Good Morning Nostriches! “Inflation in our current monetary system demands ever-increasing sacrifices from the community. To preserve wealth in an inflationary economy, a large investment of time, energy, and even money is required. Consider the prevalence of financial services such as professional investing, tax accounting, and retirement planning. These are all mechanisms that, among other things, attempt to outrun inflation. None of these “wealth advisory services” existed as professions under the gold standard; there was no need for them. Like a treadmill that requires a lot of effort to go nowhere, broken money requires everyone who wants to preserve the value of their wealth to constantly work.” Excerpt from Thank God for Bitcoin Remember if it’s worth a comment, like, follow, reNote or QuoteNote; it’s worth a #zap #GM #PV Pura Vida

Primal or YakiHonne links View quoted note →

So from my perspective, if Bitcoin is decentralized, why does there need to be a BIP to label its subdivisions? If I want to cal it one thing and the next person wants to cal it something else… That’s the beauty of decentralization, and might I add free speech! View quoted note →