Hector / Hector Alvero is on Nostr

#Bitcoin, Education & Pickleball

- COO @ https://rhinobitcoin.com
- Educator @ https://miprimerbitcoin.io
- Contributing Author @ https://bitcoinmagazine.com/authors/hector-alvero

Last Notes

2026-02-28 02:18:41 UTC

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You won that trade for sure @nprofile…grsw!

2024-09-23 12:55:39 UTC

How can you increase your chances of helping others Hodl successfully?
Teach them to let their Allocation match their Education.
#Bitcoin
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2024-09-09 18:27:15 UTC

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Same here. Does she cut hair for others too? 💡

2024-09-03 01:39:08 UTC

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While singing Don’t Stop Believing? 🎶

2024-03-04 13:44:24 UTC

Are you wondering why the price of #Bitcoin is rising so quickly?
Bitcoiners are incredibly generous with their time if you are genuinely curious.
If you want to understand, ask.
If you already understand, teach.
https://m.primal.net/HhcJ.mp4

2023-04-05 15:31:00 UTC

Today (April 5th) marks the 90th anniversary of Executive Order 6102, which began a series of government actions that reduced the purchasing power of the US dollar by almost half in a single year. Could something like that ever happen again?
It already has, and you're volunteering for it.
Executive Order 6102 required Americans to sell any privately held gold (above 5 ounces) to the government for $20.67/oz. The following year, the Gold Reserve Act repriced gold to $35/oz.
This reduced the purchasing power of the dollar by almost half versus gold in less than one year. As the hardest and most scarce money at that time, gold preserved its purchasing power. Those holding the softer paper dollars lost theirs.
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But how could that happen again? And how could it possibly have already happened for the last 10 years?
Because Bitcoin has compounded at ~70%/year for the last 10 years. This means the purchasing power of the dollar versus today's hardest money, Bitcoin , has been cut by ~41% annually.
In 1933, it was cut by 41% against gold once. Against Bitcoin, it has happened every year…for a decade.
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If you are storing any of your long term savings in dollars, you are voluntarily giving away as much purchasing power as citizens in 1933 were forced to sacrifice.
And you're doing it every…single…year.
The effect this has had on your purchasing power is below
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Throughout history, individuals and societies storing their wealth in money with less scarcity than the best available money at the time have suffered the consequences. Whether it was African societies storing their wealth in glass beads, or Eastern civilizations storing theirs in silver, the painful lesson of holding softer money has been learned by humanity over and over again.
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You have a choice to make…
Will you continue to store the fruits of your labor in a "money" with infinite supply controlled by someone else?
Or
Will you preserve your time, your life force, and your family's wealth in the only absolutely scarce money ever discovered?
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The choice is yours...choose wisely.
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