Quote of the week: August 28th, 2022
“Home is the nicest word there is.” – Laura Ingalls Wilder
“Home is the nicest word there is.” – Laura Ingalls Wilder
As mentioned previously, last week was the 51st anniversary of the “closing of the gold window” by Nixon. He did this because the Federal Reserve had devalued the dollar and the gold that it represented was now worth more than the $35 dollars that was promised at Bretton Woods in 1944/1945. So some smart European … Read more
“No amount of evidence will ever convince an idiot.” – Mark Twain
On August 15th, 1971 Nixon closed the gold window which prevented foreign governments from redeeming their dollars for gold. Here is that historic video where he blamed the situation of the devaluation of the dollar on speculators: https://www.youtube.com/watch?v=7_Xw5tWsOQo The inconvertibility of gold was also sold as a temporary measure. Lol! This was actually the second … Read more
Yet another good article on the Lightning Network. Please let us know if you are interested in selling your goods and services in Bitcoin (BTC). You will attract a new incremental customer base if marketed properly, and your average sale price will increase. And… you will look smarter than you already are by being ahead … Read more
“There are two ways to conquer and enslave a country. One is by the sword. The other is by debt. ” President John Adams (Signer of the Declaration of Independance and 2nd President of the United States)
Below is the link to another great article on the Lightning Network. It is important to start grasping the terminology of “Layer 1” and “Layer 2”. Also note the low fees and high speed of the Lightning Network which is under a very rapid adoption curve. https://bitcoinmagazine.com/technical/lightning-network-payment-technology-advantages
Last week legislation was introduced in the United States Senate seeking to classify Bitcoin(BTC) and Ethereum(ETH) as commodities to be placed under the oversight of the Commodities Futures Trading Commission (CFTC). It was long anticipated and expected that BTC would not be classified as a security and would instead be a digital asset to be … Read more
“Compare yourself to who you were yesterday, not to who someone else is today.” ― Jordan B. Peterson, 12 Rules for Life: An Antidote to Chaos
“The opinion of 10,000 men is of no value is none of them know anything about the subject.” – Marcus Aurelius