“With inflation alone can a government extinguish debt without repayment, or wage war and engage in other non-productive activities on a large scale: it is still not recognized as a tax by the taxpayer” - Günther Schmolders

“The stability and even the survival of Western welfare states depends on their ability to continue extracting a huge fraction of the world’s total output for redistribution to a subset of voters in the OECD countries.” - The Sovereign Individual

“Because the Church attempted to suppress the printing press, most of the new volumes were published in those areas of Europe where the writ of established authority was the weakest.

This may prove to be a close analogy with attempts by the US government today to suppress encryption technology.

The Church found that censorship did not suppress the spread of subversive technology; it merely assured that it was put to its most subversive use.” - The Sovereign Individual

Fascinating. Bitcoiners are being actively galvanized by governments attempting to ban or discredit #Bitcoin.

Interesting to think that maybe “toxic maxis” would be a whole lot less toxic if they weren’t being proven right about government overreach in real time.

Unleash your inner psychopath, you saucy little subversive sat stacker, you 😉🧡💜

#plebchain

“In the future, one of the milestones by which you measure your our financial success will be not just how many zeroes you can add to your net worth, but whether you can structure your affairs in a way that enables you to realize full individual autonomy and independence” - The Sovereign Individual

#freedom #bitcoin

“Everyone still tried to keep up appearances: at first, early on, people looked around to see what economies they could make, what clubs to resign from, what luxuries to do without. Later it was a question of considering what necessities to do without.” - Adam Fergusson, When Money Dies

Eerie foreshadowing, in my opinion.

https://youtu.be/8Mhu6dxj7qk

Michael Saylor puts it plainly. There is no need to overcomplicate.

Buy #bitcoin

I was particularly enthralled by the idea that in a mere 25 years, Bitcoin will have a stock-to-flow ratio of over 10000.

To help visualize that: If there were only 10000 Bitcoin in total, in the year 2048, only 1 new Bitcoin would be mined. Your wealth would be diluted by 0.01% by newly mined supply.

Wealth can last. Wealth stored in Bitcoin may just last longer than humanity itself does.

“Neither the industrialists nor the general public were prepared to pay the true costs of the railways, or of the post office, or even of bread: so the government understood, and printed the money to pay for them” - Adam Fergusson, When Money Dies

Never forget:

They can counterfeit faster than you can produce. Always.

Hard work alone will never allow you to “get ahead”. They can always crank the treadmill of inflation higher to expropriate your gains.

This system is corrupt by design.

Opt out. #bitcoin

What is this, a dip for ants?

Anyone else not done stacking at $25k?

When the halving happens next year, we’re all going to regret not buying more in 2021/22. Preemptively regretful…

“it was the natural reaction of most [people] . . . to assume not so much that their money was falling in value as that the goods which it bought were becoming more expensive” - Adam Fergusson

If you understand inflation, I believe it is your civic duty to educate your peers that it is the money which is becoming less valuable.

Things are not becoming more expensive. Our money is being corrupted, perverted, debased.

Knowingly. Intentionally.

We are all getting fucked, and this simply cannot continue indefinitely. Either we remain idle and we lose almost everything, or we fight the corruption and stand a chance of preserving our prosperity.