Lightning and 
BTC Accepted
When Bernie Sanders says “Billionaires shouldn’t exist” and Alexandria Ocasio-Cortez says “No person should have a billion dollars.”… They’re blaming customers and users for voluntarily exchanging money for a product, service or experience.
Robert Murphy – Austrian Economics and Bitcoin Robert Murphy – Is Bitcoin Fiat Money?
An increase in the money supply, then, only dilutes the effectiveness of each gold ounce; on the other hand, a fall in the supply of money raises the power of each gold ounce to do its work. We come to the startling truth that it doesn’t matter what the supply of money is. Any supply … Read more
Inflation in the economy changes your money’s purchasing power from strong to weak. From solid ground to quicksand. Imagine building a society on ground that slowly turns to quicksand. U.S. monetary history: Stats: ChatGPT
“The main way in which money is created runs contrary to the view sometimes put forward that banks can only lend out deposits that they already have. “In fact, loans create deposits, not the other way around (deposits create loans).”
In this 30-minute explainer video, Lyn Alden takes a step back through history and looks into the intricacies of money and banking, offering an answer to an overlooked but extremely important question: What is money? This video takes core ideas from Lyn’s recent book “Broken Money: Why Our Financial System is Failing Us and How … Read more
“The question is: is #Bitcoin a commodity or a currency? And the related question is: is it a Store of Value or a Medium of Exchange? My answer is yes; all of the above.” – Saifedean Ammous
Economist Thomas Sowell explains why he supports Ron Paul’s stance on abolishing the Federal Reserve. When asked by Peter Robinson what should replace the Fed, Sowell replies: “When someone removes a cancer, what do you replace it with?”
And that’s because, generally – thank’s to human progress and iterating on past work and technology getting better – we get more efficient at producing goods and services over time, gradually. So, if you had a fixed money supply, you’d expect prices to go down and not stay flat. Despite the fact that technology makes … Read more
“It’s what you can buy with what you’ve got that counts.” Scrooge McDuck, in 1967, explaining that, “Ah, inflation, that’s a mess. It means your money is worth less and less. It would take a hat-full of $100,000, I dare say, to buy what your piggybank can buy today.”
by Saifedean Ammous
by Satoshi Nakamoto
by Andreas M. Antonopoulos
