JoJo

bitcoin

Lockdowns got everyone cutting their own hair and I for one carried on the trend. I found it tedious going to the barbers for a hair cut and prices seemed to double/triple in the space of a year. So I got my girlfriend to pick up the razors and go to town.

Now at first it took a lot of coaching, there were a few rough patches and I think the first time at giving it a go, it took around 2 hours in total. I saw it as a great way to save some fiat cuck bucks that could go into Bitcoin instead. But now, where credit is due, the haircut is starting to look half decent and with everything I have learnt through Bitcoin - value for value must be rewarded.

It turned out to be a great way to set her up with her own wallet and manage her sats in self-custody. We have agreed on a price of 10k sats each hair cut, and I hope it will show her the power of Ngu technology.

Got my girlfriend to cut my hair, paid her in Bitcoin - V4V

podcasts

This was one of the first podcasts I tuned into when trying to learn more about Philosophy. I would say that it tends to lean towards the left in terms of political theory, so thought it interesting they were covering Anarchy! 

I am only part way through the series, but throughout it I can't help but think "IT'S THE MONEY, DUMMY". Every time it mentions capitalism or environmental issues, a whole lot of our problems in society come down to the inflationary monetary policy. Left or Right I think over the next year or so, this is something we will all come to agree on.

https://open.spotify.com/episode/262vW4junObOATj8j9KAxO

Philosophize This! - Anarchy Series

econ

### An Overview

 > The UK Premium Bond scheme is a savings program operated by National Savings and Investments (NS&I), which is backed by the UK government. Instead of earning interest on savings deposits, holders of Premium Bonds are entered into a monthly prize draw, where they have the chance to win tax-free cash prizes ranging from £25 to £1 million. Each £1 bond is assigned a unique number, and all eligible bonds have an equal chance of winning in each draw. While there is no guarantee of winning, the appeal lies in the excitement of the prize draw and the potential for significant winnings without risking the initial investment. 

A non-bitcoiner swears by this scheme and I can see why, it just doesn't sit right with me. I guess this is just another thing the fiat world produces. I've asked a few times how can there be no downsides to something like this, trying to get them to at least consider such promises from the fiat world, but it has no impact. 

Would anyone know how something like this actually works on a deeper technical level, as I am greatly intrigued? 

UK Premium Bonds - too good to be true?

Introducing Resolvr:  Open Source Justice on Bitcoin and Nostr

Resolvr

where's the incentive for community members to vote by poll as you would have to zap?



Frequently Asked Questions

thanks for that! after consideration I think it would be best to give it a shot as a nostr client. your code looks complex as hell lol

Can you fork stacker.news? 

I have an idea for a similar website for a specific niche subject. I don't think it would take off in a territory or specifically on SN. I am looking at nostr also but not sure it's nostr specific, more a potential bridge into normies knowing about nostr. I would appreciate any information you could direct me toward :)


*This is a generative AI dump article and I would encourage you to watch and then rewatch the Parker Lewis video linked below.*

# Introduction
In recent years, Bitcoin has captured the attention of both seasoned investors and newcomers to the world of investing. But why has this digital asset gained such significance? Is it truly the hedge against inflation that many claim it to be? In this article, we'll delve into the key insights from a talk by [Parker Lewis](https://youtu.be/Z6qzEYxBYcQ), a prominent figure in the Bitcoin community, and explore why Bitcoin is not just a hedge against inflation but rather the permanent solution to it.

## Bitcoin: More than Just Crypto
First and foremost, it's essential to understand that when we talk about Bitcoin, we're exclusively referring to Bitcoin itself. While the broader term "crypto" encompasses numerous digital currencies, Lewis's focus is solely on Bitcoin. This distinction is crucial as he asserts that the vast majority of these alternative cryptocurrencies hold no fundamental value.

Lewis firmly believes that Bitcoin's true innovation lies in its fixed supply. With a cap of 21 million coins, it's resistant to censorship, permissionless, and unaffected by the arbitrary whims of governments or financial institutions. Unlike traditional currencies, Bitcoin can't be printed at will. This core principle of scarcity and its decentralized nature set it apart from the rest.

## Bitcoin Adoption and Knowledge Distribution
Bitcoin adoption hinges on two primary factors: understanding how Bitcoin works and why it's valuable. The more people comprehend these aspects, the more likely they are to recognize Bitcoin as a solution to inflation. Knowledge distribution plays a crucial role in this process. People need to grasp the fundamentals of Bitcoin, and this understanding typically grows through education, discussions, books, and podcasts.

## Bitcoin as a Store of Value
The prevailing belief is that Bitcoin is a hedge against inflation, but this can be a misleading notion. A hedge implies immediate protection, yet for Bitcoin to shield against inflation, people must first understand why it can preserve their wealth over time. This understanding serves as the basis for its adoption.
The critical feature of Bitcoin is that it offers a fixed supply. The scarcity of Bitcoin is what makes it a potent store of value. As inflationary pressures rise and traditional currencies lose their purchasing power, Bitcoin's limited supply becomes even more attractive.

## The Bitcoin Halving
One of the most significant events in the Bitcoin ecosystem is the Bitcoin halving. Every four years, the rate of new Bitcoin issuance is halved. As a result, Bitcoin's scarcity increases, and this plays a pivotal role in maintaining its value. The next Bitcoin halving is just around the corner, and it's a reminder that Bitcoin's supply will become even scarcer, further underlining its store of value.

## Bitcoin vs. Fiat System
A glaring difference between Bitcoin and the traditional fiat system is how they respond to stress. When the fiat system is under duress, it becomes more fragile due to the escalating levels of debt and the subsequent need to print more money. Bitcoin, on the other hand, becomes more robust under such conditions. Bitcoin's fixed supply is a bedrock that remains unshaken, regardless of external pressures.

## The Inevitability of Money Printing
The recurring issue in the fiat system is the necessity of continually printing more money. Parker Lewis draws attention to the fact that the debt stack in the U.S. has swelled from $52.7 trillion in 2007 to $96 trillion in recent times. This escalating debt load obliges the authorities to keep printing more money to sustain the existing debt levels.

## Bitcoin's Fixed Supply vs. Inflation
Bitcoin's scarcity provides a clear contrast to inflation in the fiat system. As central banks print more money, Bitcoin remains limited to its 21 million coins. In a world where financial authorities are consistently devaluing their currencies, Bitcoin's value proposition grows stronger. It offers an alternative where your purchasing power doesn't erode over time.

## Bitcoin's Scarcity and Asymmetry
Bitcoin's scarcity is the linchpin of its value. However, this scarcity only becomes meaningful when you understand why it exists and how it distinguishes Bitcoin from traditional currencies. Bitcoin's fixed supply makes it an attractive option in the face of rising inflation and money printing. This scarcity represents an unparalleled asymmetry:
    • The adoption of Bitcoin, while probable, is still a highly asymmetric event.
    • Hyperinflation, driven by excessive money printing, presents negative asymmetry.

# Conclusion
In a world of ever-increasing debt and relentless money printing, Bitcoin emerges as the permanent solution to inflation. Its fixed supply, immutable nature, and growing adoption make it a compelling store of value. The Bitcoin halving further reinforces its scarcity. As you consider Bitcoin's role in the financial landscape, remember that it is not just a hedge; it is the definitive answer to the challenges of inflation in the modern world. Whether you're a seasoned investor or new to the world of cryptocurrencies, understanding the fundamentals of Bitcoin is key to unlocking its potential as a store of value in a turbulent financial landscape.

Bitcoin: The Permanent Solution to Inflation

This is my first and last attempt at data analysis.

Starting from April 2020 - October 2023

If you'd put away £225 each month for 150 litres of fuel, and then paid for the fuel the following month, with the previous months savings, you'd be left with -£236.84 for Super Unleaded, £575.22 if you're a savvy Premium Unleaded guy and £50.09 for good ol' Diesel.

Now if you didn't have to pay for fuel and saved all that dough, you'd come away with £9,675.00 which is not bad, not bad at all.

But what if there's a better way?

SPOILER

You guessed it, it's Bitcoin. Doing the same in BTC terms would leave you with 0.02814193 BTC (£789.97), 0.07161600 BTC (£2,010.33) and 0.04254737 BTC (£1,194.34). If you didn't have to pay for any fuel and saved all that sweet corn you'd be left with 0.53612105 BTC (£15,049.40).

Time to get savvy, savers
