Saifedean Ammous fails to understand: 1. The difference between money and currency (Urkundengeld). 2. The elasticity of currency supply. 3. The difference between divisibility of money and elasticity. 4. The difference between deflation with productivity growth. 5. The Reverse Cantillon effect of deflation.

Really? Nobody? Nobody?

Pretty Good Privacy “PGP” is taken. Considering “Reasonably Good Privacy“ for Bitcredit‘s non-custodial e-cash layer on Bitcoin. “RGP”?

Plausible. What’s unclear still is durability of .

Fiat ATH I consider irrelevant. Convinced Gold ATH (40 coins in 2021 and early 2025) can only be reached again by significantly raising the probability of (or succeeding in) becoming a medium of exchange for real supply chains. Circular.

Cool. This one’s message is WYSIWYG though.

You may want to check your capitalism. It opposes government subsidies, interventionism and overregulation. “Elites” are a political privilege category. They are all typical of socialism, worsening socialist creep, captured by politician fat cats and cronyism. Capitalism is meritocratic.

Because of the range Lo 10 - Hi 40 gold coins since 2021 when El Salvador declared it legal tender. That’s the most recent signal for MoE we have seen. The baggies’ NGU/SoV narrative dominated since then, including Trumpian hopium of SBR statism.

First-principles rule: If you reuse a symbol, you inherit its priors. You don’t get to selectively import only the aesthetics. The Antifa Aktion symbol is a highly compressed ideological package: • anti-capitalist • pro-state intervention (even if rhetorically “anti-authoritarian”) • comfortable with coercion as a political tool • aligned, de facto, with fiat systems, subsidies, and centralized power This matters because symbols do not invert easily. Irony is expensive and unreliable. If you reuse a symbol, you inherit its priors. You don’t get to selectively import only the aesthetics.

Yes, indeed. e.g. 1 Troy oz US Gold Eagle or 1 full Austrian Philharmoniker. Easiest for former gold bugs and useful when thinking about pre-1913 sound money purchasing power.

Banking today is not “banking” anymore. It’s statism gone wrong. Only a small part of credit goes to economic production. The major part goes to funding government overconsumption, including lots of waste, fraud, and corruption. Another large part goes to inflationary speculation, pumping asset prices, increasing social inequality, preventing people to live their dream through honest work. Most of the daily work of bankers is now in regulatory compliance and serving state mass surveillance instead of serving commerce and savers. Ever growing, complex regulations desperately try to prop up the fragile fiat system, politicians’ house of cards which could topple down any moment. It will collapse anyway, whatever they do. Ever growing intrusive Big Brother methods to spy on citizens and businesses so they can squeeze out the last dollar for the greedy political caste. This foul system must end. Fiat must end. Bitcoin can fix this.

Gut sense: BTC will test 10 gold coins. $50k.

Are your questions serious? Here’s the original. You know what it is?

Insofar as Bitcoin critics are correct, Bitcoin builders get guidance what to fix next. Unbeknownst to themselves, these critics are working for Bitcoin. PS: Coffee payments incoming. And cacao.

Building a decentralised open peer-to-peer system (i.e. Bitcredit Protocol) in a complex field like a monetary economics is quite exhausting. Even with a stellar team. But centralised would be totally futile. It would soon be turned into just another fiat money. So we slog on towards Beta.

Need? “need to avoid”

Most Antifa-aligned groups explicitly define themselves as anti-capitalist and anti-market. They are hostile to private means of production, the finance sector, and private money like Bitcoin. And they want more government power over economy, production and free speech, government suppression of unwanted ideas. Incompatible and incompetent.

Fiat must be ended. The graphics are debateable though. Question to PR geniuses: Is it a good idea or a bad one to use the brand colours and symbols of those who would support fiat and government overreach?