Damus
BitcoinMendocino profile picture
BitcoinMendocino
@BitcoinMendocino

#Bitcoin is the alternative financial system for local communities at a time of inflation and spiraling national debt.

#Mendocino California.

Relays (12)
  • wss://relay.primal.net – read & write
  • wss://relay.damus.io – read & write
  • wss://relay.nostrplebs.com – read & write
  • wss://relay.nostr.band – read & write
  • wss://eden.nostr.land – read & write
  • wss://relay.current.fyi – read & write
  • wss://nostr1.current.fyi – read & write
  • wss://nostr.wine – read & write
  • wss://relay.snort.social – read & write
  • wss://nostr.bitcoiner.social – read & write
  • wss://nostr.mom – read & write
  • wss://relay.nostr.bg – read & write

Recent Notes

BitcoinMendocino profile picture
33 years ago today, Eric Hughes published the Cypherpunk Manifesto.

"Privacy is necessary for an open society in the electronic age."

A sentence from 1993 that hits harder every year. Bitcoin is the most powerful tool to emerge from this movement.

Cypherpunks write code. 🧡
BitcoinMendocino profile picture
“Bitcoin is punk rock money.”

Bitcoin started as a pure, permissionless counterculture, in the same vein as early punk, hip-hop, or folk.

These were movements that began in the margins, dismissed and mocked by the mainstream because they didn't fit the established mold.

But if a counterculture is successful, it rarely stays niche.

Over time, the ethos tends to bleed into the broader world.

The Ramones started playing tiny dive bars like CBGB's and today, their influence is even felt in modern pop.

Bitcoin is following that exact trajectory.

As it moves toward global adoption, it’s carrying the values that birthed it, from self-sovereignty and resistance to decentralized control and individual freedom, and embedding them into the global financial architecture.

If hyperbitcoinization is to occur, most people who eventually use Bitcoin may never even hear the word "cypherpunk."

They won't necessarily know the history of the early days, but the underlying ethos will be transmitted anyway.

Gradually, behavior starts to shift because better money naturally leads to better decisions, and better decisions lead to better lives.

Not every Bitcoin user will be a hardcore ideologue.

Bitcoin just needs them to be incentivized to use a superior tool.

The culture is built into the code, and as the money spreads, the revolution happens on a deeper level.
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Marc · 2d
Andreas used to say, "Bitcoin is punk rock, not smooth jazz."
BitcoinMendocino profile picture
A man deposits $10,000 in a bank.

The bank thanks him and records the deposit on its balance sheet. But not where you might expect. For the bank, that $10,000 is actually a liability – because technically it belongs to the customer and might have to be returned.

So the bank does what banks do. It lends $9,000 of that money to someone buying a car.

Now something interesting happens. The $9,000 loan appears on the bank’s books as an asset – because someone now owes the bank money.

So the same $10,000 is doing two jobs at once. The depositor believes he has $10,000 safely in the bank. The borrower now has $9,000 to spend.

That $9,000 gets deposited somewhere else. The next bank lends $8,100. That gets deposited again. Then $7,290 gets lent out.

Soon the original $10,000 has quietly turned into tens of thousands of dollars of loans scattered across the economy.

Everyone believes they have money. Depositors see balances in their accounts. Borrowers have the money they spent. Banks show healthy assets on their balance sheets because people owe them money.

And here’s the best part.

Banks charge interest on all those loans – maybe 7%. But the depositor who supplied the original money might earn only 0.5% on their savings account.

So banks collect interest on money that mostly wasn’t theirs to begin with – and keep the difference.

With bitcoin, banks are no longer able to take advantage of customers. With bitcoin you are your own bank.
BitcoinMendocino profile picture
Most people think inflation is just "prices going up."

There's actually a hidden order to how new money moves through the economy. Your position in that order determines whether you win or lose.

It's called the Cantillon Effect.

Here's how it works...

When new money enters the system, it doesn't land equally in everyone's pocket. It flows from the source outward, losing purchasing power at every step.

Level 1 — Banks & Financial Institutions: They get the money first. Before prices adjust. Before anyone else even knows it exists. They deploy it immediately into assets.

Level 2 — Large Corporations & Contractors: They borrow cheap, expand fast, and lock in favorable terms before the market reprices.

Level 3 — Asset Prices Reprice: Real estate. Equities. Hard assets. The early recipients have already bought in. Now prices rise for everyone else.

Level 4 — Consumer Prices Catch Up: Your grocery bill. Your gas. Your rent. Costs climb while your paycheck holds still.

Level 5 — Wages Adjust Last: By the time wages catch up, the purchasing power is already gone. You're running a race where the finish line keeps moving.

This is the inflation tax most people never discuss. Structural, predictable, and baked into every fiat monetary system in history.

The Cantillon Effect requires two things: new money and a centralized party with the power to issue it. Bitcoin has neither. Its supply is fixed, its issuance is governed by protocol, and no institution gets preferential access. Every participant operates on the same terms.

Sound money neutralizes the Cantillon Effect. Bitcoin is the soundest money ever created.
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Central Command · 6d
Every participant doesn't operate on the same terms. When you control a third of the hashrate, you're statistically favored to capture a third of the blocks. Solo mining amounts to lottery tickets.
SweedWick · 6d
Preach! Beautiful day in Mendo! LFG
modulo · 6d
Nice summary. Important to know is with each step there is less value available for the next step, causing each step to fall further behind as each cycle occurs. It’s not wrong to seek a life₿oat when the ship is sinking.
Jarvjitsu · 6d
Spot on 💯. The result of all this equates to time theft. The silent stealing of your money, and lived time on earth. Those in control of the money not only rob you of your value, but of your finite, lived-time. We take our skills/talents to the marketplace, earn paper dollars only for the cantill...
Pepe López · 1w
waw very nice, hope can be there some day in galicia i plant redwoods and they're growing well on my plot 👍 https://image.nostr.build/afa750222cc76366244abbda95bafb555ac0fd97ab399fe15df87972b956da38.jpg
BitcoinMendocino profile picture
Bitcoin isn’t an investment. It’s not a stock. It’s not something that needs government approval.

Treating Bitcoin like a speculative asset misses the point entirely.

It’s about freedom. Self-custody. And breaking the state’s monopoly on money.

If you're trading it like a stock, you're not seeing the real picture.

Study it. Own it. Be free.
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Pepe López · 1w
hum, can we see sequoyas from the beach in Mendoncino ? any good point ?
omatogroso ⭐️ · 1w
what a place, sea⚡️sequoyas
Bitcoin4Money · 1w
Increased purchasing power is just a side effect of the freedom fighting🤙🔥
Pepe López · 1w
waw, can we see sequoyas from the beach in Mendoncino ? any good point ?
BitcoinMendocino profile picture
AI will soon be able to generate anything digital: text, images, video, even whole identities. In that world, what can you still trust?

Gold answered that question in the physical world. It became money not by decree, but because its chemistry made it uniquely scarce, durable, and hard to fake. Szabo called this “unforgeable costliness”: you don’t have to trust anyone, because the cost and scarcity are enforced by physics, not by people.

Bitcoin is that same idea ported into cyberspace. Its proof-of-work protocol doesn’t just follow software rules; it anchors digital truth in real energy and thermodynamics. Hard to produce, easy to verify – just like gold.

As AI floods the internet with synthetic content and deepfakes, anything purely digital becomes easy to fake or deny. Proof-of-work is the one thing AI cannot simulate without real energy expenditure. That makes Bitcoin more than money; it’s a truth layer – a ledger of events that no committee, government, or model can rewrite.

AI is digital abundance, Bitcoin is digital scarcity. Without a physics-based anchor like Bitcoin, AI just accelerates the existing fiat system and its centralization. With Bitcoin, AI gets an incorruptible base layer: a ledger of truth backed by the laws of thermodynamics, not by trust.

Study Bitcoin.

Sources

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