Bulldozer00's Blog

After I painted my “Rules Without Rulers” Picasso in the previous post, I stood back and reveled over the final product. Then, I experienced an unexpected communication from my creation. She whispered in my ear that something was amiss, but then she abruptly stopped speaking. She left it to the student, me, to figure out what was amiss. Hmm, I thought… interesting. Then, the words “add another layer” crossed the cavern from the formless into form and instantaneously appeared within my ringing+dizzy+stoned head (my pesky, hemorrhaging, brain lesions are leaking again!).

Being a hard-core admirer of the power of abstraction to pierce the armor of complexity, increase clarity, and catalyze understanding of something weird like “How Can There Be Rules without Rulers?”, I immediately determined that my lovely meant “another layer of abstraction“. So, here’s my encore painting showing how two examples of “rules without rulers” cross the chasm from the spiritual to the physical realm.

The intent is to postulate the path from energy -> thought -> words(code). The updated picture shows that Moses and Satoshi were animated by a universal life force from a mysterious layer “above them“, which represents a higher power of your choice (Yahweh, Allah, Gaiea, Tao, Zeus, etc.) Thus, they were lucky conduits to two world-changing ideas birthed for man, from no-man.

How’s that for another serving of BS from BD00?

Before reading further, don’t forget that BD00 makes schitt up when he’s too lazy to look up details on the topic he’s writing about.

With that out of the way, the graphic below shows what happens in all fiat-based, nation-states over time. Since politicians are too chicken to raise taxes for projects they believe will help the country prosper, they continuously borrow money with no intention of ever paying it back. Wouldn’t it be nice if citizens could borrow money without ever having to pay it back? The politicians borrow money from the public and, when the public doesn’t want to part with their fiat because of “trust” issues, the central bank waltzes in and prints money out of thin air to soak up the unwanted debt. Wouldn’t it be nice if citizens could print their own money out of thin air whenever they wanted instead of having to work their asses off for it?

As the money printers go “burrrrrrr” and the money supply gets exponentially inflated like that guy in the Monty Python movie, the purchasing power of each fiat unit decreases until the system implodes. I read, in one of the many fine Bitcoin books, that no known fiat-based systems have ever survived 100 years.

So, how does Bitcoin break the mold on the exponential fiat model of destruction? Bitcoin’s 21M hard limit may (and should) convince some fiat-based nation-states to assume fiscal responsibility and bend their curves to the right to avoid a massive loss via capital flight into Bitcoin and other stores of value.

For those nation-states that don’t assume fiscal responsibility and stop their reckless paper printing, Bitcoin will suck up all the purchasing power as the fiat holders jump ship into the safety of the Bitcoin network.

As you can see below, the Bitcoin Vandal, modeling one of the new soldier helmets in the forthcoming “Squid Game II” movie, has been quite active as of late. The desecration of private property at the behest of the Emperor Of All Maladies will continue unabated until… it doesn’t.