Mutiny Brewing on Nostr: On this day, 16 years ago, amidst the chaos of the global financial crisis and the ...
On this day, 16 years ago, amidst the chaos of the global financial crisis and the bank bailouts that followed, Satoshi Nakamoto began running Bitcoin.
At that time, US public debt stood at $11.1 trillion. Today, it has skyrocketed to $35.5 trillion.
Beyond the burden of interest costs on taxpayers, this rising debt leads to an increase in the money supply, which weakens the dollar. The result? Inflation that erodes savings and reduces the purchasing power of wages. Simply put, you end up working more for less.
We launched this page a year ago to highlight and encourage the use of Bitcoin as a means to escape the cycle of fiat debt slavery and build wealth in a system that is immune to debasement. When we started, Bitcoin was valued at $63,000 AUD. Today, it's valued at $156,000 AUD.
The road ahead for Bitcoin may be challenging, but the incentives remain undeniable. Once Bitcoin catches on, it becomes a self-fulfilling prophecy.
Happy New Year from the team at Mutiny Brewing
At that time, US public debt stood at $11.1 trillion. Today, it has skyrocketed to $35.5 trillion.
Beyond the burden of interest costs on taxpayers, this rising debt leads to an increase in the money supply, which weakens the dollar. The result? Inflation that erodes savings and reduces the purchasing power of wages. Simply put, you end up working more for less.
We launched this page a year ago to highlight and encourage the use of Bitcoin as a means to escape the cycle of fiat debt slavery and build wealth in a system that is immune to debasement. When we started, Bitcoin was valued at $63,000 AUD. Today, it's valued at $156,000 AUD.
The road ahead for Bitcoin may be challenging, but the incentives remain undeniable. Once Bitcoin catches on, it becomes a self-fulfilling prophecy.
Happy New Year from the team at Mutiny Brewing