Hu₿ertus the Austrian
@HubertusVIE
Bitcoin credit money layer M1 for the real economy. Austrian Economics. Free Banking, Free Markets. Cypherpunk-ish. Statistically-representative Democracy.
Sad to hear this total, utter nonsense from @saylor: - "DeFi" and "NFTs" scams are already dramatically fading in hype since 2021 (like "ICOs" and "DAOs" did since 2017): other shitcoin scams will take over, but not the ones he mentions; - No rational investor would "diversify"…
.@saylor on the Ethereum ETF approval and what the recent crypto regulatory changes mean for Bitcoin
"There is nothing strange about economic mistakes made by uneducated folk, when our leaders, who believe themselves to be the fine flower of the nation's intellect, are wallowing up to their eyebrows in economic and political error." — Hartley Withers
We must separate money and state. Also, any state guarantee to banks to enable them to provide credit is undesirable as it causes an unfounded expansion of credit and thus inflation.
Actually, the real minimum wage is negative. In Austria 🇦🇹, parents used to pay 'Lehrgeld' so a master craftsman or tradesman would offer an apprenticeship to their son. Today, masters have to pay apprentices and the daft political class whinges that there are no…
Minimum wage is price fixing labor and increases unemployment among those who most need the work. The real minimum wage is 0$ .
On Prediki's market for the Russo-Ukrainian war, the "negotiated settlement" option is slowly starting to trade higher than during the early days of the new U.S. presidency, eating into "war of attrition".
My friends! Have I already mentioned that the fiat system must be ended?
Use case: Trade finance (buyers pay sellers with 30/60/90 day bills) to keep the supply chains flowing. Bills used to power production and trade before fiat money switched the world to government bonds for statist consumption and waste.
This is how statists convince sheeple to adopt fiat money.
If something hasn't been done before, it could be impossible or just hard.
These are the class action lawsuits we like
BIG WIN: An Indiana court granted class certification today in IJ’s challenge to the State’s abusive civil forfeiture practices. We get to argue that several hundred cash forfeitures are unconstitutional.
Excellent article for the key dilemma of this #Bitcoin cycle: "Do companies build for regulated compliance or for permissionless access?" Plenty of fools opt for the easy choice. fintechweekly.com/magazine/artic…