GM Nostr! Coffee brewing and one thing on my mind is getting off fiat as unit of account. It’s easier and easier to hit fiat net worth milestones because they are printing more but it’s harder to secure comparable sound money like bitcoin because it is appreciating in value. So don’t chase fiat denominated targets but think in terms of your stack. How much bitcoin you have saved and how much it costs to buy things in bitcoin terms makes it your true unit of account. Otherwise you’ll get rug pulled into thinking your fiat net worth is rising in nominal terms
There will eventually be fiat billionaires who won’t be able to buy one bitcoin as their fiat net worth melts vs Bitcoin and even gold.
Good day to get off zero and fight for freedom!
#gm #bitcoin #freedom #nostr
📰 News Alert:
🔖 Title: Bitcoin mining difficulty reaches historic high of 110 trillion after eight consecutive increases
🗓️ Published: Mon, 13 Jan 2025 11:25:45 +0000
📄 Summary: Bitcoin mining difficulty hit a record high of 110 trillion after eight consecutive increases, marking a significant milestone for the network in the new year. The latest rise, noted on Jan. 12, set a new peak at block height 878,976, showcasing the ongoing strength and growth of the Bitcoin network. Source: CryptoSlate.
🔗 https://cryptoslate.com/insights/bitcoin-mining-difficulty-reaches-historic-high-of-110-trillion-after-eight-consecutive-increases/
🗞️ Source: CryptoSlate
#bitcoin #crypto #news
My father used to tell me a story that planted the seed in my mind that ultimately led me to #bitcoin.
My father grew up in South Africa and when he was at university his father would pick him up every Friday to bring him home for the weekend. But before going home, they would stop at a nearby pub and have a few beers.
One day, they stopped at the pub and his old man ordered them beers like usual. But when the bill came he looked at my dad in disbelief and said, "Can you believe this, the price has gone up. A beer is now 23 cents! Sooner or later a beer is going to cost a whole rand!"
For context, 23c is about $0.012 and 1 rand is about $0.052.
As a kid, this story got me thinking about WHY prices keep going up. "Because of inflation" was always the answer, but it never made sense to me.
Anyway. GM #nostr.
#story #storytime #inflation
I prefer printable PDFs as datasheets compared to whatever the fuck a knowledgebase is, because it is harder to fuck up nostr:note13aurd6kc5xmnq9d4dap44h87ktxd8s8ynafpqfa935e77krzmcmq08fpfr