Erik The Decentralist's avatar
Erik The Decentralist
cmediumerik@iris.to
npub1w2dn...5lz2
I love humans and decentralization. This is why I love Bitcoin and thats why I'm here
The destiny for all Fiat currency is Zero. Pay your debts, Get a side hustle Stack hard assests Stack Gold, and #Bitcoin   , image
⚠️REMINDER⚠️ $SOL is a centralized FinTech company masquerading as a cryptocurrency to circumvent security laws. You are gambling when you are in crypto, and tokens like $SOL. This is fine as pong as you understand that thia mindset is that of a gambler. But if you're a gambler, it’s guaranteed you’ll keep gambling until you lose, so know yourself. If you don’t know, you’re about to find out. Then you’ll come back to #Bitcoin       with less money, and be paying higher prices. image
The Fed's Bank Term Funding Program (BTFP) introduced after the March 2023 banking crisis now offers lower borrowing rates than the Fed pays in interest on reserve balances. So, banks arbitrage this by borrowing from the facility (the Fed) at one interest rate, and then depositing that borrowed money with the Fed to earn a higher interest rate, and thus are earning that risk-free spread. They're arbitraging the Fed and the jokes on us. image
Although a #Bitcoin ETF scares me, its a necessary double edged sword.. Let's "white board" this issue. Blackrock, Fidelity, Grayscale, ARK and Valkyrie all met with the SEC about their spot #Bitcoin    ETFs a few day's back.. The momentum is tilting to inevitable, and the only question is what happens when $BTC enters price discovery mode. If this is a cash-in cash-out product (a pump and dump attempt manipulation, similar to gold) what happens to all the #BTC    that #Grayscale hold? Does this force them to liquidate to fund their ETF? Also, does this mean that anyone holding other financial products also need to liquidate & take the capital gains hit if they want in? Hard to say, but with tens of trillions of investable assets being unlocked, at a minimum, just a 1% allocation would be hundreds of billions... But this ETF is not bitcoin, its paper prododuct bet and infused manipulation... but it adds mainstream legitimacy and will motivate people to maybe spend 5 minutes actually researching it. Well, as for selling one asset to buy another, that is just like any other ETF or security. Sell AAPL, buy IBIT, etc. As for GBTC, I am unsure what the mechanism will be and I expect that is a main point they are working on with the SEC. But would love for someone with more knowledge to weigh in on that..... My gut feeling is that its an elite attempt at manipulation to gain control... which won't work long term. What do you think?
Leaked kickbacks from Ukraine that are known. The list is definitely far longer. If you need another reason for endless war, here you are. image
The solution to this is very simple. Everyone wakes the fuck up, remembers that the government exists because we allow them to, and we all just veto by boycott. image
I've been saying constantly for over a year, the 2020's = the 1930's. Last week the Fed announced and negative M2 supply. We haven't seen a negative M2 supply since the 1930's. #Bitcoin    inches closer to a "gamma squeeze" by the day. image
Never Forget In 2020, these non-bitcoin, crypto people had icon, legend, and rockstar status... Where are they now? image
Generally speaking, as technology advances, the cost of production lowers. These productivity gains should be flowing to us in the form of lower prices set by the free market. Instead, they're being redirect to our governments by weaponizing our fiat money system. This weapon is called debasement. image
REMINDER: Credit Cards are a scam the bank uses to sell your money back to you at a cost of 18 to 30%. Debt Cards are a scam the bank uses to charge you and/or merchants for spending your own money. Banks are not your friend, but #Bitcoin is. image
#Bitcoin has been a "dying ponzi" for 14 years straight and has been declared "dead" over 470 times, despite having increased in value by over 60,000% (at the time of this post.) In honor of this very truthful news from our extremely trustworthy and reliable mainstream media, banking, academic, and government institutions, Here some more of their very truthful facts.... “Jeffrey Epstein killed himself.” “Two weeks to flatten the curve.” “Inflation is transitory.” “There is no border crisis.” “Putin caused inflation.” “Just one more booster.” “Climate change caused inflation.” “Ukraine needs more money.” “Greedy corporations caused inflation.” “Debt doesn’t matter.” “Bitcoin is funding terrorism.” “Joe Biden is fit for duty.” “The war on inflation is over.” “Anonymity is a threat to national security.” "Trump started inflation" “The US economy is doing amazingly well.” "Canadian realestate will always go up" "Misogynists caused inflation" "Justin Trudeau is honest and genuine" "The CPI is accurate" image
When Fiat collapses by 99.9%, what replaces it? A) BRICS B) A Gold Standard (until it dies as always) C) #Bitcoin D) More Fiat E) CBDCs
When Fiat collapses by 99.9%, what happens to; Your Savings Your Stocks Your Debt All systems are controlled my middlemen De-Risk with #Bitcoin
GLOBAL DEBT SPIRAL EXPLAINED As we unravel - interest rates go higher - the deficit gets bigger - Interest expenses increase - more bonds (debt) are created - interest rates go higher - the deficit get bigger.... The cycle repeats until there's no value left in fiat... Its why everything is breaking. See the problem now? image
Russia dumped 80% of its US Treasuries in 2018 3 years later we had Ukraine. China has been dumping US Treasuries steady for almost 1 year. Both are BRICS monetary system founders. Both don't want the Fed to exist. What do you think this all means?
Corruption is a disease that exists everywhere As our monetary base layer itself is Corrupt.
Fiat is programmed to debase #Bitcoin is programmed to enrich Where does smart wealth move? image
99% er who put 100,000 into a savings account in 2011 = 60,000 in spending power today. 1% er who stacked 100,000 in bitcoin in 2011 = incredibly rich today. #Bitcoin = take the abuse and ridicule...... Stay angry image