baref00t

🧡 Bitcoin 💜 Nostr 💙 X
Working on a new #Bitcoin adventure

[baref00t @baref00t]

You should use money supply instead of government made and reported inflation. Over 10 years money supply 3-4x, so unless the teacher made $300k-$400k, the teacher made it barely even and no gain at all.

Accounting for capital gain in fiat currency is like measuring the length of the stick with the ruler cut short every year.

The only inflation we should really care about is monetary inflation

[farmercate @farmercate2]

A dishwasher in a cafe/restaurant will now earn $78/hr on a public holiday. A dishwasher/kitchen hand. This is the base rate, it goes up from here.

How are small business owners going to survive this?

Unpopular opinion-This is insane!

[Australian Bitcoin Industry Body @AusBTCIndBody]

Almost 40% of Australians under 35 own bitcoin specifically.

We are in the final days of submissions to the Economics Legislation Committee.

You can also use our website to write directly to your MP about your concerns, or write to the members of the Committee directly.

Chair
• Senator Lisa Darmanin 
Australian Labor Party, VIC

Deputy Chair
• Senator Kerrynne Liddle 
Liberal Party of Australia, SA

Members
• Senator Susan McDonald 
Liberal National Party of Queensland, QLD

• Senator Nick McKim 
Australian Greens, TAS

• Senator Deborah O'Neill 
Australian Labor Party, NSW

• Senator Charlotte Walker 
Australian Labor Party, SA

Substitute Member
• Senator Barbara Pocock 
Australian Greens, SA

[James Lavish @jameslavish]

Good evening.

I’m getting a lot of questions about whether my conviction has been impaired or my thesis has changed about Bitcoin with its recent price weakness. The answer is an emphatic no. Why? Because I like to keep it simple and focus on first principles. While other assets are enjoying the warmth of the hot ball of money, Bitcoin will simply continue to reflect the debasement of all government sponsored currencies over the long run. Nothing more. Nothing less. Hope this helps.

Have a great night.

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman on why liberty must come before equality:

“A society that aims for equality before liberty will end up with neither equality nor liberty.”

“A society that aims first for liberty will not end up with equality, but it will end up with a closer approach to equality than any other kind of system that has ever been developed.”

“You can only aim at equality by giving some people the right to take things from others.”

“What ultimately happens when you aim for equality is that A and B decide what C should do for D, except that they take a little bit of commission off on the way.”

[baref00t @baref00t]

🎯 I have been running empty calendar for about 2 years now and it's unbelievable how many people would tell me they can't do it

I used to have 80% full on meetings years ago, looking back it makes me sick

1/ focus
2/ guard your time
3/ train your mind (learn, grow)
4/ train your body

[baref00t @baref00t]

Since you asked, NEVER 🤣

[Australia, Explained @AusExplained]

😫 FFS how much more tax is this going to cost us?

When will people WAKE UP and realize we DO NOT NEED a government to take our money & then filter *some* of it back to us.

The easiest solution; Lower taxes & increase the tax free threshold.

[baref00t @baref00t]

@Thejimpenman Measuring for capital gains in fiat currency is like measuring the length of the stick with the ruler cut short every year

[baref00t @baref00t]

@Thejimpenman In 2003 AUD money supply was ~$250bn. In 2026 is $2T or 8x

If your properties are worth $24M, you just broke even.

What are they worth?

[baref00t @baref00t]

I'll give you 4.75% but take 12% (annual money supply increase) 🤡

[Jim Chalmers MP @JEChalmers]

BREAKING: 2.7 million award wage workers are getting a pay rise of at least 4.75% from July 1.

This is the pay rise millions of Australian workers need and deserve.

[baref00t @baref00t]

Albo cops a $57k pay rise while Aussies cop record price hikes.

Nothing says 'I feel your pain' like giving yourself a raise funded by the same people who now need a second job to afford Weet-Bix. 🤡

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman: “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.”

“If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or borrowing.”

[baref00t @baref00t]

Imagine earning that much and having plenty of free time in the business. Every single $1 of additional value gets taxed 70% (company, super, income, GST, excise).

It's so ridiculously hard to be motivated as you are allowed to keep 30c on a dollar.

While the bureaucrats who never produce anything think they are entitled to tax you more.

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman:

“I am in favor of reducing taxes under any circumstances, for any excuse, with any reason whatsoever.”

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman:

“Economists don’t know much, but there’s one thing we know very, very well—and that’s how to produce shortages.”

“You want a shortage of housing in New York City? Set a maximum price on rent, and you will have a shortage of housing.”

[baref00t @baref00t]

@rationalaussie I'll add one more. If you ran a deficit -> no re-election

[christopher joye @cjoye]

But they have never worked a day in the private sector; never started a business; built a new product or service; hired a single soul from their hip pocket; or struggled for years, always at risk of going under… What we are seeing is the lid being lifted on those who have always lived completely taxpayer-funded lives trying to take and tax as much as possible to feather the public sector nest. They have never known what it is like to draw a private wage and/or profit. They think it is a zero sum game: any private income, profit or capital gain needs to be redistributed back to government and its dependents. It is the only way they know how to make money: by taxing private citizens and corporations to fund the public oligarchy and its way of life…

[Documenting Saylor @saylordocs]

Milton Friedman: “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.”

“If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or borrowing.”

[baref00t @baref00t]

@ausstockchick No need to imagine anymore 😂

[baref00t @baref00t]

To all the losers in the Australian Government and Banking mafia

It's not over yet
@Strike 💪