Read_723 - Alchemy - Everything Divided By 21 Million [Knut Svanholm]

April 24, 2023 00:34:26
Read_723 - Alchemy - Everything Divided By 21 Million [Knut Svanholm]
Bitcoin Audible
Read_723 - Alchemy - Everything Divided By 21 Million [Knut Svanholm]

Apr 24 2023 | 00:34:26

/

Hosted By

Guy Swann

Show Notes

"Central Banking is successful alchemy in this sense. The money- issuing institutions of the world have found a way to create new money with no cost. No mining is required. They are the alchemists of our era. The Central Banks’ promise of stable prices is as absurd as the alchemists’ promise of cheap gold. The whole point of a value- measurement tool, or a type of money, is in its costliness. It has to somehow connect to reality because of the subjective nature of value. Money created without cost is like fools’ gold.2 It enriches the issuer and his friends while everyone else pays for the whole ordeal. This is also known as the Cantillon Effect." - Knut Svnaholm The Konsensus Network - https://bitcoinbook.shop/ Ioni's Videos - Youtube Channel Knut's other amazing books - Amazon Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev Code BITCOINAUDIBLE gets 10% off your Bitcoin2023 tickets! Don't forget to check out our amazing sponsors: • The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard) ------------------------------------ “Individual liberty… demonstrates that some manners of living are more successful than others.” — F.A. Hayek Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

July 27, 2018 00:42:02
Episode Cover

CryptoQuikRead_119 - Deep Dive into ETF Disapproval and SEC Commissioner's Dissent

The SEC has disapproved the Winklevoss twin's second attempt at a Bitcoin ETP for traditional markets.  Rife with contradictions & misunderstandings, a thorough rebuttal...

Listen

Episode

August 23, 2018 00:24:29
Episode Cover

CryptoQuikRead_137 - Half of the Remaining Bitcoin Supply is 'Spoken For'

"At least 99M People intend to own crypto, but don’t yet." @RyanRadloff A fun exploration by Ryan Radloff on the different demographics who intend...

Listen

Episode

February 10, 2023 00:58:45
Episode Cover

Basics_02 - Hashes & Proofs of Work

In order to truly understand why Bitcoin works, we must understand a fundamental tool that operates at basically every level of the system. The...

Listen