Ways the government steals your money:
- if you earn it, income tax
- if you spend it, sales tax
- if you invest it, capital gains tax
- if you start a business, profit tax
- if you give it away, gift tax
- if you die, inheritance tax
- if you save it, inflation
Bitcoin adoption is not optional
BlackRock adopted it because they had no choice
author of the bitcoin standard compares it to gunpowder adoption
if your army did not adopt it, you lost
bitcoin is financial gun powder
countries and companies that do not adopt it will lose to those that do
@heyalexfriedman You are witnessing the devaluation of the Dollar. That's why people Stack Sats, they are ditching the dollar and buying Bitcoin instead. #Bitcoin#iStackSats
US banks have a 0% reserve requirement since 2020
if John deposits $100k, his bank can loan all of it to Sarah
so now John has 100k in his bank and Sarah has 100k in hers
100k was just created out of nothing
if John and Sarah go to the bank to take out the 100k in cash, the bank doesn’t have it
this is called a bank run
One of the best ways to thank America for all the prosperity and opportunity it has afforded you is to start a company that improves the lives of your fellow citizens.
BlackRock was forced to adopt bitcoin before their competitors did
this is called game theory
whats the next step of the game?
A country will start printing money to buy bitcoin, before their competitors do.