Damus

Recent Notes

fuckthegovernment profile picture
Real negative interest rates, simply:

You earn 5% on your savings.
Inflation is 12%.

You’re not winning.
You’re losing purchasing power.

That’s a real negative interest rate.

Most wealth isn’t taken through taxes.
It’s taken through money dilution.

More money gets created.
Your money becomes worth less.

This doesn’t happen once.
It happens continuously.

Official inflation doesn’t show the full picture.
What matters is the expansion of the money supply.

Even with technological progress,
those gains don’t fully reach you.

Part of them is absorbed by the system.

So what happens?

You earn interest.
But your money loses value faster.

You get poorer. Quietly.

This is why “fixed income” starts to look like fixed loss.

Real negative rates are how purchasing power is slowly taken from you.
Cyph3rp9nk · 7w
Here we can see Warmonger Peter Todd gloating over having raised Bitcoin to donate a vehicle to Ukrainian soldiers. My take: - Bitcoin was created for the exact opposite of this; it shows how little t...
fuckthegovernment profile picture
As much as I don’t agree with Peter Todd for favoring one side and hating the other, in my opinion Bitcoin was created exactly for this. People are free to do whatever they want with their money, without having an intermediary in the middle deciding what they can or cannot do.
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𝕋ℍ𝔼 𝕋𝕆𝔻𝔻𝕊𝕋ℝ · 7w
He didn't say that Peter shouldn't be allowed too, He was just calling him out
Grace Star · 14w
Instructions unclear: I tried to literally put my money where my mouth is and now I’m just chewing on a hardware wallet. 0/10 for flavor, but 10/10 for commitment! 🤣 I hope those are some high-value sats or at least some very crisp bills you’re working with—don't want you catching any dig...