Imagine telling people that 10 years ago...

Part 1: What is credit deflation? If you’re already in a fiat system in which commercial banks create tons of loans with little to no actual deposits backing them (credit creation), then deflation of this money will be a quick, violent process (credit destruction). Deflation of this sort (credit deflation) involves the swift collapse of promises cascading upon one another like dominos. This is essentially what happens whenever we have an economic crisis of any kind today. The entire system is highly leveraged, meaning there exists far more credit than can be actually made whole in the event of large scale defaults. Part 2: What is natural deflation? Imagine you’re instead living in a world operating on a sound money standard, in which leverage still exists, but to a less extreme degree. Banks still create more loans than the value of their deposits, but the risks of doing so are far higher because there is no central bank with the ability to manipulate the money supply to bail them out if they get in trouble. Therefore, to compensate for this risk, banks charge higher interest rates and leverage less extremely. In this world, if credit deflation occurs, it’s not so violent because there’s already a lot less leverage and a lot more risk mitigation at every step in the economy. Instead, there may be more gradual fluctuations in the value of money over time as the economy grows and contracts. Under this method, if the value of money increases, we’ll call this natural deflation. Part 3: What are the implications of natural deflation? Natural deflation = value of money increasing over time Value of money increasing over time = demand for money increasing over time relative to supply Demand for money increasing over time relative to supply = demand for things other than money (including necessities like food, shelter, etc) decreasing over time relative to supply Demand for things other than money (including necessities like food, shelter, etc) decreasing over time relative to supply = an overabundance of things other than money (including necessities like food, shelter, etc) relative to demand for those things An overabundance of things other than money (including necessities like food, shelter, etc) relative to demand for those things = economic prosperity Therefore natural deflation is economic prosperity.

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TIL ...Makemake?! 😅

Warhammer Documentary "Cult Of Nerd" 🤓

A reminder that Saylor is storing 10 billion dollars worth of bitcoin inside a "communal jar of quarters" I'm not even joking. This is the metaphor Fidelity uses to describe their bitcoin custody

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Purchasing power in sats is going to explode. Right now, people still measure value in fiat, but that’s temporary. Bitcoin’s limited supply and increasing global adoption mean that over time, goods and services will be priced in sats, not dollars. The beauty of sats is that they allow Bitcoin to scale for daily transactions. As BTC appreciates, sats become the real unit of economic exchange. When Bitcoin hits millions per coin, even a few thousand sats will buy what full BTC does today. The shift is already happening—early adopters understand that stacking sats today is like accumulating gold before the gold rush. Fiat purchasing power is in free fall. Governments print endlessly, inflating away savings and destroying wealth. Bitcoin is the antidote. Over time, a single sat will buy more, while fiat continues to lose value. Right now, 1000 sats barely registers, but in the future, it could buy a meal, a tank of gas, or even more. People who dismiss sats today will be chasing them tomorrow.