Where the heck is Mendocino? image
Satoshi is back in Lugano! The statue was reassembled using a technique inspired by Kintsugi, the Japanese art of repairing broken pottery. The scars have been painted in orange as a symbol of the resilience and anti-fragility of the bitcoin ecosystem. We are all Satoshi!
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The reason people look for β€œassets” that protect their purchasing power is because they can’t save using the dollar. image
When banks make currency abundant its value is destroyed. When Ai makes everything spectacular, amazement is destroyed. image
Money is the operating system of a society. When money is broken society suffers: Mortgages extend from 25 to 30, then 40 years. Housing costs 20% of a salary, then 30% and then 40%. Retirement age goes from 60, to 65, then 67. One income supports a family, then two are needed, then two plus a side hustle. People start families in their 20s, then 30s and then 40s. People can afford three children, then two then one (or maybe none.) Keeping up with inflation requires a 2% return, then 5%, then at least 7% annually. The current financial system is designed to steal people’s savings and time. Bitcoin is the inverse of this system. image