btcjackson

Unique and niche divisibility in money was in and of itself enough for demand and circulation. Cc @bitstein

@notthreadguy I hope they see this. You’ll convince them for sure.

iran accepting bitcoin as payment is bad for bitcoin because they will discover bitcoin fucking sucks for payments

@MKjrstad @HijackingBTC Ha

Bitcoin will not come around. Most of the capable people have left for Ethereum. BTC is left with the flat earthers cheering for ossification. You can read @HijackingBTC to learn about the social layer in BTC. Most people in BTC do not even think the social layer is a real thing.

@NickDarlington Framing it as “hoarding” is your 1st problem.

How do we get people who are hoarding Bitcoin to also spend it?

@BrowningMachine @DustyLittl14786 @Cernovich Yes and in addition, that 50,000 wouldn’t have 10x’d with good money, it would have decreased. Becoming more affordable over time as technological advancements made building houses more economical. We’re not hand nailing anymore, after all.

@seejackson @DustyLittl14786 @Cernovich 70s were the first shock after Nixon abandoned the gold standard in 1971. I remember when houses cost $50,000... Exactly 10x less than today. THAT is the sheer evil of inflation, the most pernicious form of theft.

CAN CONFIRM. Worked as an SAT & MCAT tutor while majoring in biochemistry. $15-25 hour, in early 90s. Fiat debt-money is the greatest ripoff scheme in history. Entire nations paying interest on money that's printed for free by oligarch families, sucking the middle class dry.

@dampedspring @Verhollj

@Verhollj Yes.

$STRC is eating the MNAV of $MSTR. Down to 1.12 now. When it's below 1.0 there will be no yield that will keep $STRC at par that the company will be willing to pay.

@DustyLittl14786 @BrowningMachine @Cernovich You’re referencing the 70s, he’s referencing the 90s. Different periods of inflation, and your comment proves his point ironically.

@BrowningMachine In the 70s I worked restaurants while in High School. It was not enough to buy a car, decent guitar, or anything of substance. I think @Cernovich, you are pretty far off.

@TonyClimate What’s up with Phoenix area mosquitoes this past year? Lived here my whole life. Never had it this bad.

Arizona has reduced their water usage, but the other states using Colorado River water have increased theirs. Lake Powell is disappearing very quickly (about one inch per day) because more water is being taken out of the lake than is being replenished.

@matty_ice_BTC @HodlMagoo Pipe dreams

@HodlMagoo This what the Trump doctrine has been all about. Stop paying for the security of everyone else. Control our hemisphere. Let others control theirs. Focus on the homeland

I firmly believe what we are witnessing in the Middle East and the international fallout is the beginning of the end of the unipolar world we have lived in since WW2. Bitcoin will get you a seat at the table wherever you find yourself when this all shakes out.

@OwenKeller950M3 @TonyClimate You don’t know what the word “free” means.

@TonyClimate That’s true. That’s true of all taxes. And also true of all money that was spent on other things. That money is gone. Social security checks come from taxing young people now. It’s 100% free support for boomers.

I have paid hundreds of thousands of dollars in social security and medicare taxes. Had I been able to invest that money in the stock market instead of the government spending my money to bomb foreign countries, I wouldn't need medicare.

@InvestorsFriend @RonSwanonson Limiting money supply growth to zero is the logical conclusion to the statement “ printing paper does not create more goods and services in the economy” inversely said: “the economy has grown enormously with the money supply, therefore we should print more paper to grow more.”

@seejackson @RonSwanonson The economy has grown enormously in real terms along with the money supply. You might want to limit money supply growth to real GDP growth (and therefore no average inflation) but limiting money supply growth to zero is a bad idea.

The reason prices go up overtime is not because of supplying demand The reason houses are $500,000 today and not $25,000 like in the 70s is not a supplying demand thing Hamburgers are not $15 nowadays because they’re more popular… Prices go up overtime because there are more monetary units chasing around the same amount of goods in an economy Monetary inflation is the only thing that raises prices over long periods of time

@themarketear Assuming that high oil prices will lead to immediate inflation discounts the deflationary impulse of demand destruction.

Oil, vol, and flows are pointing to persistence. Inflation markets are still pricing temporary. That divergence won’t hold. zerohedge.com/the-market-ear…

@Kindred_Creator @RonSwanonson Please clarify on how printing ink on pieces of paper creates more goods and services in an economy. You have declared it a direct correlation. Please explain.

@RonSwanonson Let me clarify. The goods supply available to average people, not the warped global statistics that suggest we have more supply now than previously. Sure we produce more, but it’s not accessible to most. One person eats lobster and caviar while others eat Mac n cheese

@InvestorsFriend @RonSwanonson Printing pieces of paper does not increase the goods and services in an economy; the source of its wealth generation.

@RonSwanonson Okay BUT can we have SOME monetary inflation associated with growth in the real economy without causing inflation. That is would you expect monetary inflation to out pace price inflation by the growth in the real economy.

@TonyClimate Went there last year. Cool place.

The southwestern US has had dozens of severe droughts, some of which have wiped out entire civilizations.

@GeriPerna Wtfhappenedin1971

When I worked at Macy's back in the 80's, people who worked there raised families on what they made. It was their career. I remember the guy in electronics retired after 30 years, and my boss in the cash office did the same. The guys who worked in the suit department did very well for themselves. Despite that, the store profited greatly every year, and we were given a beautiful Christmas party in appreciation. What changed in this country? When did it become nearly impossible to support oneself at a job that didn't require a degree or technical school?

@francispouliot_ @PeterSchiff @BitcoinJunkies Whoever makes the tokens.

@PeterSchiff @BitcoinJunkies Who holds the gold?

🇺🇸 Billionaire Jack Dorsey says we don't need banks anymore because we have Bitcoin.

@h2oboatcare @DanielTurnerPTF Hepa filter quality bags exist.

@DanielTurnerPTF your mothers vacuum probably sucks dust through a wall, but also spits out 50 % of that dust out the back. just because something is simple and lasts long doesn't mean it's better

I’m on my 3rd vacuum in 10 years. They all break. Even the $500 Dyson. My mother has the same vacuum since 1972. Was made in Ohio. Probably by a WWII vet. It’s steel. Weighs 30lbs. Hasn’t broken once. Sucks dust thru the walls. I miss good appliances made in America. 🇺🇸

@SamaHoole Keith making boss moves

Let's check in on Keith, whose methane output is contributing to the collapse of the global climate. 6:00am - Keith woke up in a field in Devon. The field is on a 30-degree slope with clay soil and drainage that has defeated two generations of agricultural consultants. Keith eats the bramble, thistle, dock, and rush. These are the things no other animal on this farm will eat. These are also the invasive scrub species that would otherwise compromise the field's productivity. Keith is not thinking about this. Keith is thinking about the north section of bramble he didn't finish yesterday. 7:00am - Keith produced some methane. It came from his rumen, where specialised microorganisms convert lignified plant matter into usable nutrition via fermentation. The methane is biogenic. It came from carbon that was in the atmosphere, which the plants captured via photosynthesis, which Keith ate. The methane will return to the atmosphere and break down in twelve years into CO2 and water vapour. The CO2 will be absorbed by the next generation of bramble. Keith will eat the next generation of bramble. Keith has been doing this on a loop. The loop has no net emissions. The loop has been running since goats were domesticated ten thousand years ago. 8:00am - Keith escaped into the road. This was unrelated to the methane situation. This was about the gate. 8:11am - Keith was back in the field. He had eaten Steve's bindweed. He came back through Dave's gate and went directly to the bramble. 9:00am - Keith ate bramble for two hours. Bramble is an invasive scrub species that outcompetes wildflowers, reduces biodiversity, and creates dense monoculture thicket. Keith has no conservation qualifications. Keith has a rumen and a complete indifference to thorns and has been doing this since Tuesday. 2:00pm - Dave counted the clearance. North section: finished. East hedge line: 60% clear. Wet corner: improved. Dave has been meaning to deal with all of this since spring. Keith has dealt with all of it. Dave looked at the gate. Dave looked at Keith. Dave wrote in the log: "Net outcome: exceptional. Gate situation: ongoing." Keith is by the gate. Keith is thinking. The climate is fine. The gate is the issue.

Wow. A must read. Exhaustive. In-depth. But concise.

OK, it's time. I want the credit for telling you Candace and Tucker were grifting, lying, manipulative, unprincipled scumbags more than 2 years ago when a lot of you either didn't believe me or criticised me for it. Insert apologies below 👇