The only way to reduce the national debt from the street level is by getting out of debt ourselves and stop using debt. Pay off all credit cards, all auto loans, mortgages, etc. Build a portfolio that can't be debased. It can be Bitcoin, it can also be other types of investments that generate a revenue stream so you never have to borrow again. And if you focus your family on the task, you can build a generational wealth situation where your entire family can avoid debt.
chadlupkes9d
Jack, can you share the source data that you used in the charts?
chadlupkes15d
No, that's 42. Whatever we want it to be.
chadlupkes15d
He should be pointing fingers at the source, which is the poor status of our education and civil debate systems.
chadlupkes26d
The differences between people on either side of those lines are meaningless. We are all the same. Countries have evolved over the past few centuries from empires and kingdoms. And those were created in order to maintain power and control. Wanting some people to maintain power and control over other people seems to be against the idea of objectivism, which I thought was anti-collectivism. Ayn Rand's philosophy was formed based on her experiences in the Soviet Union, and it was an attempt to reject those experiences. But modern nation states overreach with surveillance and regulatory bloat. We really do need to reexamine everything and figure out how to start over from scratch, using the Internet as a global communication system akin to a nervous system.
Word salad is all we have, because we can't communicate directly.
chadlupkes27d
Governments are unnecessary and a waste of capital.
But whatever.
chadlupkes6h
Inspired by Adam Livingston on X:
The Ballad of the Bond-Grave Looter
In a land of paper, where promises dwell,
A bond-market behemoth, $147 trillion fell.
A corpse it lies, in a crypt of deceit,
Its breath but a wheeze where no heart doth beat.
Yet hark! From the shadows, a glint doth ariseâ
Bitcoin, the grave-looter, with fire in its eyes.
Sovereign scrolls and corporate tomes,
Municipal murmurs in marble-domed homes,
All gasp on the drip of a morphine lieâ
âPrincipalâs safe!â cries the bankerâs high cry.
But 2025 looms, with $17 trillion to scrawl,
No stimulus this, but a desperate thrall.
Each bond a new pump, turned to eleven,
A Ponziâs last waltz âneath a faltering heaven.
Yields wail their dirge in a dissonant choir:
The ten-year at 4.6, aflame with desire,
The thirty-year breaches, at 5 it doth scream,
A ghost of 2007, a pre-crash dream.
No cycle, this ruin, but a structural knell,
Demandâs final curtain, where no buyers dwell.
Bloombergâs grim tally, a 1.3 gain,
While CPI sneers at 3.2âs disdain.
Real wealth dissolves in a taxable jest,
A privilege paid for a corpseâs unrest.
Foreign hands recoil from the rot they behold,
A 30-year auction, scarce 59 percent soldâ
A global no-confidence, carved in the stone,
The bond-kingâs dominion now reigns all alone.
Uncle Samâs ledger, a trillion in toll,
Interest, the third guest at his fiscal soul.
A third mortgage taken to pay cardâs cruel jest,
His coffers a hollow, where vultures invest.
Durationâs dread specter, 6.3 years it spans,
A 100-point shock, and $9 trillion disbands.
Mark-to-model falters, mark-to-coroner calls,
As debtâs demolition derby on black ice forestalls.
By 2028, forty percent must renew,
A wall not of stone, but of ruin to rue.
Roll at five percent? âTis fiscal despair,
A suicide pact in the marketâs cold air.
Repo fails climb, and the yen-basis frays,
Japanese pensions cast Treasuries away.
Collateralâs plumbing coughs blood in the night,
A global malaise where no ledger burns bright.
Yet Bitcoin, unyielding, $4.9 trillion it clears,
No clearinghouse falters, no settlement fears.
Stablecoins surge, $12 trillion they glide,
Thrice Visaâs vast volume, on freedomâs swift tide.
In ten minutes final, its chain doth abide,
While fiatâs frail paper in agony cried.
Bitcoinâs shield strengthens as prices ascend,
The bond marketâs credence with yields doth descend.
One asset grows mighty, reflexive, and bold,
The other self-charred in a pyre of old gold.
Five years unfold: bonds flat, a zero they score,
Bitcoinâs fierce 68, a cometâs wild soar.
Sharpeâs cold measure, bonds limp at 0.1,
While Bitcoinâs 1.6 laughs âneath the sun.
A Monte Carlo dance, ten thousand paths weave:
Swap bonds for Bitcoin, and wealth shall not grieve.
A ten percent shift doubles fortuneâs delight,
Equal risk, yet bonds bear the fatter fright.
No upside in paper, no memes to ignite,
The corpse out-benched by a codeâs boundless flight.
In this land of paper, where shadows decay,
Bitcoin, the looter, claims night for its day.
No morphine, no Ponzi, no lie to sustain,
A chain forged in freedom, where trust shall remain.
So sing of the bond-grave, its requiem clear,
And Bitcoinâs bright anthem, forever to steer.
chadlupkes27d
There is a difference between government and governance. We need rules that we all agree to and we can follow that help us move forward together. We don't need governments to draw lines on maps and tell us which rules we live by based on those stupid lines.
chadlupkes1d
From Grok: The detention stemmed from a dispute with a neighbor, who accused Atack of "violence against women," leading to his arrest under El Salvadorâs legal framework. According to X posts, the police were described as treating Atack respectfully, and he had access to a lawyer. The case was characterized as a verbal disagreement rather than a state-targeted action against him as a Bitcoin developer. Posts on X indicated that Atack was expected to be released soon after the incident, though no specific updates confirmed his release or further details about the resolution.
chadlupkes27d
At least it's not another hard fork...
chadlupkes1d
Moved. Not deleted, not debased, no reduction in total supply, just transferring between wallets. That's what a fixed supply does, it allows people the freedom to move their capital however they wish and it doesn't impact anyone else.
chadlupkes27d
The existing political spectrums are a box designed to trap us. To hell with it all.
chadlupkes27d
Gold is easy to centralize and control. The only way Bitcoin works is through decentralization and collaboration.
chadlupkes8d
The original post was about a single nation state, France.
My response was in general, applicable for people within any nation state.
Fiat currencies are garbage. I believe in a single, global medium of exchange and unit of account alongside store of value, specifically Bitcoin. We need a single global representation of financial capital, something that nation state governments and empires can't manipulate. If we can build a global financial foundation on wealth instead of debt, we'll be much better off. Because nation states are so 20th century, it's just silly at this point. We need to grow up.
chadlupkes8d
Yes, OUR. I'm human, on Earth. What and where are you?
chadlupkes8d
Do you have access to Zinfandel? That's my favorite wine grape.
chadlupkes8d
Will believe it when the guns stop firing. Until then, it's just smoke.
chadlupkes8d
https://www.gobrrr.me/product/solarbit/
chadlupkes8d
Scratch that itch!!!
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About Me
Wealth based systems are the future. #Bitcoin is the foundation for wealth based capital. Critical thinking is required. Bitcoin class of 2017.