Signs, signals and giveaways...
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I just tell people that I work on lightning network software. They either get it or they don't and will usually drop the subject if they don't.
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Making any reference to The Times: ‘Chancellor on the Brink of Second Bailout for Banks’ article.
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"I have a particular set of skills..." "Have fun staying poor." "Your money is broken."
"I know something that fixes this."
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Last one is perfect!
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"I don't use banking services anymore."
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Wear a secp256k1 curve shirt.
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That's hot
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Oh, inflation is at 10%? I hope it'll keep going up.
/s
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Doesn't identify you as Bitcoiner. A lot of people with stocks, real estate, own businesses, debt profit from inflation.
Maybe you're unfamiliar with it if you come from a lower class background. But where I come from a lot people have this attitude towards inflation.
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Nobody profits from inflation except the fiat cantillionare class.
In purchasing power terms the best you can hope for is to MATCH inflation, ie: Smart delivery drone company grows in value 5% in absolute terms- which means as an investor you need the stock to track 10-15% higher to keep up with inflation and reflect growth.
It would be better to have sound money and your stock goes up 5%
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Nobody profits from inflation except the fiat cantillionare class.
First of all: what's up with the communist vocabulary?
Second: Are you aware how low the amount of assets is to have more increase in their value than the decrease in value of your income/fiat savings? Since you're presumably a Bitcoiner there is a good chance you're one of them
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Nice attempt at identity politics there. CLASS isn't "communist vocabulary" it's a word that describes groups of people in social structure. In this case: I used it to describe the absolute PARASITE bankers and politicians who steal our economic value through inflation.
And if I'm understanding your question correctly-
You are completely ignorant to the true nature of inflation.
The "low the amount of assets" is more than 100% of your assets. There is no escape from inflation while valuing your assets in the inflating currency.
Here is US stock market data since 1915 (2 years after FED act) https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart Start value in 1915: 1,681 End value in 2023: 35,559
Stock Market cumulative rise in value: 2,015%
Here is the inflation of your precious US dollar: https://www.usinflationcalculator.com/ In 1915 you purchase an item for $1, then in 2023 that same item would cost $30.27
US Dollar cumulative INFLATION: 2,926%
Inflation 2,926% > 2,015% stocks
I just noticed in your earlier comment you said: "Maybe you're unfamiliar with it if you come from a lower class background." -yet you are arguing that somehow you are "profiting from inflation" if you own some stocks or real estate..... so who's the communist here exactly?
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Ohhhh this one is wild hahaha
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Oh, I wish I knew... because it's happened a number of times that people just ask me about bitcoin w/o me ever mentioning bitcoin to them. I've never brought up bitcoin with anyone w/o them expressing an interest first.
These are obviously all people that know me, but not necessarily each other. And they often end up becoming Bitcoiners themselves.
When I ask them why they think I would know anything about bitcoin, the usual response is something like: "I don't know. You just seem like the kind of guy that would know about bitcoin."
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Start trashing fiat currency. Tell them you're considering moving to El Salvador. You listen to the 'what is money' podcast. You're reading a copy of 'the Bitcoin standard' when they meet you.
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Most people have no clue about El Salvador. They are opposed with whatever's on social media today.
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deleted by author
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Hand them one of those little usb thingies that cold card gives you when you buy a wallet from them.
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If you use the words: FIAT, decentralization, limited supply, store of value, etc. "They" will known.
“What would happen if we lowered our time preference?”
Tell them about running ASiCs using excess solar panel power gen.
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I collect orange tulips. Also a big Corn fan.
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Eat meat & lift?
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