-
@ Arthur Amendt
2024-12-01 15:00:30
https://cdn.satellite.earth/8dd22e9b598964ade69d4c5ca517c2637ffafdfb15cf3e589cd1a7955c173375.mp4
In my last news article I wrote about selling my beef for 4500 sats / lb and buying my eggs for 4500 sats / dozen. You will be glad to know that some of my friends gave me bitcoin for my birthday. One person gave me over 60,000 sats, so now I am feeling like my last months article caused everyone to [*buy bitcoin — opt out of inflation*](https://amendt.substack.com/p/buy-bitcoin)*.*
It must have been more than my friends giving me bitcoin that caused Bitcoin to increase it’s market cap by 600 billion US dollars. I know that eggs are costing me 3,000 sats now compared to 4500 sats one month ago. If things keep getting 50% cheaper every month I might not have to move all my value into bitcoin.
Isn’t it weird using something that increases in value month after month? It is indeed a far cry from the traditional notion of money, where the value or the purchasing power of the currency loses value month after month. Most Bitcoiners care about the separation of money from the state, the removal of a third party from transactions and the capturing the deflationary nature of technology, etc. The fiat price is simply a short term way of measuring progress toward that goal. In reality, the moose shekel price doesn’t really matter.
With Brazil and Russia now using it as legal tender I don’t want anyone to give me bitcoin as a gift this month. Give your money/love to helping others see Jesus’ love in coming to earth instead. You might be able to write off your donation also.
You do realize there are only 16.5 million bitcoin available to be moved to other bitcoin type people and the US bitcoin strategic reserve might be coming next year. I just hope the Trudeau / Christine “Vib” session doesn’t make Canadians give up on using the Moose Shekels as a means of exchanging value. Bitcoin is now worth more than the Canadian dollar. If you need to get educated about money join Nostr and do a video / desktop sharing conference with me. Say hivetalk.org @ 9am ish works best for me. Remember, learning technology makes you earn more. We are all in this together.