@60Minutes @dominionvoting @andersoncooper@elonmusk weird that a company handling the voting system in different cities hasn’t been active since 2022.The last posts defending themselves of committing fraud.something wrong here .0 activity on x in 2024 an election year for a voting company….🧐🤔
Happy bitcoin halving day!!
For the first time in history, humans have a form of money whose supply increases by less than 1% per year.
This is a big deal because the hardness of our money is a control knob for our time preference: the degree to which we discount the future. The harder the money, the less its supply increases, the better it holds value into the future, the more it allows you to plan and provide for the future, the more you are able to curb your base immediate impulses in favor of rational future orientation.
All human progress and civilization is intertwined with us finding harder moneys. From cattle to salt to seashells to metals to precious metals, we've constantly progressed by moving to the harder money, allowing us more reliable ways for providing for the future, making us more future-oriented. This culminated with gold becoming the whole world's only money by the end of the 19th century, with annual supply growth of ~2%. Everyone on Earth could save in gold without fear of inflation.
A century of human catastrophe followed when governments banned the monetary use of gold & replaced it with their fiat credit, whose supply increases at ~14% per year. Saving became unattainable and the future more uncertain. Time preference rose as people became more present-oriented, and governments had infinite spending power at the expense of their serfs. Wars became longer and more likely with governments able to rob their citizens effortlessly to finance them.
Bitcoin fixes this. Not only does bitcoin allow us a form of money outside government control, it's also the hardest money to ever exist, making it the most advanced form of money ever, better than even gold. No matter what happens, you can be sure your bitcoin will never be diluted by more than 1% per year.
I discuss these ideas in more detail in my books:
The Bitcoin Standard: https://t.co/KxUygWRRHT
And The Fiat Standard:
https://t.co/GYbEWTNqpZ
Bitcoin's adoption is soaring in #Lebanon! The "Machrou3 Café," a restaurant with 8 branches across the country, is now happily embracing #bitcoin via the Lightning Network.
@cryptoskullx Come to lebanon!! Will make sure personally its a vacation for the ages!!!there is no place on earth like this small piece of magical land with magical people!!
The first Lebanese Man’ouche paid in #Bitcoin ever! Those who don’t know it’s considered a Lebanese “pizza”. Given the circumstances in Lebanon, would be great to see more adoption there ❤️🇱🇧. Shoutout to @PoweredbyIBEX for the slick and amazing UX on POS 👏🏻