Cyph3rp9nk on Nostr: The power of inflation I have always been aware of inflation but it took me a while ...
The power of inflation
I have always been aware of inflation but it took me a while to realise that it was a scam because back then Bitcoin did not exist and it was difficult to access economic literature.
I still remember when I was a kid and my father would tell me how much his first cinema tickets, his first bicycle, his first car or his first house had cost him. We knew that prices were going up but we didn't understand why.
From an early age you are taught that you have to save in the bank, and this is the big trap.
There are three types of people:
- Those who save in the bank.
- Those who invest to save themselves from inflation.
- Bitcoiners
The first ones are lost, they will spend their lives working and will have nothing at the end of their days apart from a house or two in the best case scenario.
The latter may achieve financial freedom, but their assets are expropriable by the government and irretrievably subject to taxation.
Bitcoiners, i.e. those who renounce the fiat system and deposit most of their wealth in Bitcoin, are simply Chads. Their wealth will be multiplied, they will be able to decide whether to work or not, they will be able to go to any part of the world they want without fear of having their assets confiscated, and they will create intergenerational wealth. But you have to start now, imagine starting with Bitcoin when you are 20 years old, you have a lifetime of opportunities.
Fun Fact: The S&P500 has never regained its 1929 high after allowing for the growth of M2 money supply.
Published at
2024-03-16 07:47:41Event JSON
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