Bitcoin Fixes Defaulting Banks

In order to wipe away all debts of this US dollar denominated world. I propose that instead of lending more debt as dollars we reverse that trend and make all Dollars equal to Bitcoin Satoshis. A 1 to 1 exchange. This will eliminate further inflation and will allow all debts to be settled on the Bitcoin time chain. 

There are 2.1 Quadrillion Satoshis in the Bitcoin Core code and there are 2.1 Quintillion Milli-Satoshis in the Lightning ⚡ Network settlement channels. That means that the infrastructure is already here and available for adoption. 

All of those who do not have Bitcoin can easily work for Satoshis and those with Satoshis can easily pay for services, assets, commodities and property. All US dollar prices will freeze and start to deflate as the scarcity of Bitcoin will control prices via the free market.

Popular posts from this blog

Where Have I Been, A Facebook Address

Image
By Alex Nuttall - Bio Where I have been? To say the least I was in shock after a certain November 2016 pole result. I'm good now. Contacting me has been difficult for some who like to use Facebook Messenger. I don't like it but I have access to it. I prefer a more secure form of communication. I always have. So if you would like to get in contact with me and get results try the following: Telegram: https://telegram.org/   Telegram Messenger Signal Private Messenger: https://whispersystems.org/ Signal Private Messenger Keybase: https://Keybase.io Keybase.io What is great about the above is that they provide end to end encryption. Facebook's own WhatsApp also provides this but the code is not open source. The three above: Telegram, Signal Private Messenger and Keybase are open source software projects. That means that we can verify and validate security because anyone who understands the code can look at it and find vul
Read more

Sawhorse 3 - 20170219

Image
By Alex Nuttall - Bio This is a sawhorse. As a form carpenter I have seen so many terrible examples of sawhorses that I want it to just stop. This is a very sturdy design. I used the program CadStd ( http://www.cadstd.com /) which is very inexpensive. It also runs on Gnu/Linux (Ubuntu/Linux mint) using Wine . I also used Gimp to make it look nice.  Sawhorse 3 - 20170219 - Alexander Nuttall - OgFOMK ArTS
Read more

Bitcoin as a 2nd Amendment Right against Weaponized Currency

Image
Bitcoin is a hedge against Tyranny and it is a fundamental right of the 2nd Amendment of the Bill of Rights of the United States Constitution. "2nd Amendment" by Ben Taylor55 is licensed under CC BY 2.0 “A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.”   https://www.loc.gov/law/help/usconlaw/second-amendment.php In order to maintain a well regulated Militia and keep the security of a free State the right of people to keep and bear Arms is currently infringed upon by Fiat currency that is dependent on a centralized bank controlled by a few members of various states.  Increasingly the currency in question, the United States Dollar, is weaponized and its use is to control citizens, foreign interests, elections, education, healthcare and the bare necessities of life like food, water, clothing and shelter. Bitcoin as a 2nd Amendment Right against Weaponized Curren
Read more