"There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population.
"The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.
"This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system."

-- Ludwig von Mises
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More from @real_vijay

22 Sep
Good news, friends: The hardcovers for The Bullish Case for #Bitcoin just rolled up on a truck. I will endeavor to have them shipped out to my Kickstarter backers over the next week or so (signed copies may take slightly longer).

Thank you so much for supporting my book launch!
Read 4 tweets
18 Sep
1/ In November 1992, in an English village called Hoxne, a villager searching for a lost hammer with a metal detector discovered a hoard of almost 15,000 gold coins that had been buried during late antiquity when the Roman empire was beginning to crumble in Britain. 👇
2/ The amazing thing about this hoard of gold coins is that it had maintained its purchasing power for over 1,500 years (accounting for only its bullion value, not its historical value).
3/ We have lost from our collective wisdom the main purpose of money - that it should transport the value of our savings reliably into the future. This simply is not possible when the supply of money is controlled by the State.
Read 5 tweets
14 Sep
1/ Over the years, the New York Times (aka Mouth of Sauron) has produced some fairly poor takes on #Bitcoin. But the one published today by @BCAppelbaum (who's on their editorial board 🤦‍♂️) may be the most embarrassing yet.

nytimes.com/2021/09/14/opi…
2/ It is so rife with misunderstandings and errors (both technical and economic) that one is left with the impression that the NYT isn't capable of the most basic reporting of facts on #Bitcoin. Quelle surprise.
3/ Consider this doozy where the author thinks #Bitcoin's security is breakable because Alan Turing "figured out the password" of the Enigma in WW2.

This cringeworthy argument is like saying that if someone can jump over a ball, they can jump over the moon.
Read 5 tweets
20 Aug
1/ Central Bank Digital Currencies are a threat to human freedom and should be vigorously opposed (it is no surprise that it is China that is pioneering their use).
2/ While the current fiat system is antiquated and unjust, it provides at least one basic protection for human freedom: the ability to default to cash. Cash is anonymous and provides a level of financial privacy that allows us to live outside of a surveillance state.
3/ Imagine a society with no cash and only digital money where every single financial transaction can be tracked by a central government. That is what China is aiming for and it will allow them to further oppress minorities such as Tibetans and Uyghurs.
Read 6 tweets
16 Aug
I'm very excited to announce that The Bullish Case for Bitcoin is now available for general sale! You can find a copy on Amazon for $21 (naturally).

If you've found my writing useful in the past I would truly appreciate a positive review for the book on Amazon.

🙏♥️🚀
I will endeavor to have the Kindle edition available on Amazon by the end of this week.
Oh, and the Amazon link 🚀👇

amazon.com/gp/product/173…
Read 5 tweets
9 Aug
1/ Many members of the US Congress do not seem to recognize the direction of the political winds. There are over 20 million Americans with a financial stake in the success of the nascent industry being built around #Bitcoin. 10 years ago there were almost zero such people.
2/ The infrastructure bill was crafted in the hope of shearing this new economy to finance a ballooning budget proposed by the Biden administration. Instead the language of the bill would skin the industry.

You may shear a sheep many times, but skin him only once.
3/ 4 years from now there will likely be 50 to 100 million Americans with a stake in #Bitcoin. This is a bipartisan demographic that will not forget the damage being done to this nascent industry by the Biden administration, nor the Senators doing their bidding in the Senate.
Read 5 tweets

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