My only advice? Save in Bitcoin, create, and walk your own path. And yes, don’t forget to smile and enjoy the ride. The journey is the destination!

I love to create, and I tend to talk less, so I’m very selective about the events I attend. Nostr events felt different. It’s like we’re all builders and creators who have already broken free from the fiat mindset. By that, I mean the mindset where you go to an event, pay a high price (like at some mayor Bitcoin events, which I can’t stand), and expect to get something in return. The fiat job mentality where you exchange time for direct money, or as we say in Dutch, uurtje factuurtje (hour work, invoice) just doesn’t fit with me. The more you walk your own path, the more you realize what works for you and what doesn’t.

I truly believe that all good energy comes from human connection and relationships. The most important thing is having a good day with the people around you. These days, we share those moments on social media—but that’s just a reflection of a single moment, whether happy or sad. If you don’t truly live that moment, it’s just wasted energy.

One thing I’ve learned is that your own path is never truly wrong for you. When others say it is, it’s usually because they’re comparing it to their own. But we’re all walking our own unique journey. The moment you start comparing, you begin to doubt. True happiness comes from embracing your path—not someone else’s.

Often, you’d still create even without money because your art is beyond numbers. But we live in a world where kisses won’t pay for groceries—at least, I can’t pay that way! So, money matters, not as the goal, but as a tool to keep doing what you love: creating.

Bitcoin is not a short term investment, don’t invest unless you are prepared to hold for a minimum of 4 years.

I only advocate that you become conscious of the reality around us. The reality is that this is a world controlled by the most evil, controlling, destructive freaks. These people work to make sure we are essentially slaves to a system that benefits those who created the system - the elites.Let me make this clear: I do NOT advocate for violence, destruction, death, killing, murder, hatred, division, or terrorism. The elite are threatened by people like me, because they know that we know their game. We know their plans are to destroy, to advocate for violence, to kill, murder, to encite hatred and division. This is all the elite do - they cannot fathom having people live in peace because it isn't beneficial if you want to control the world.

When you do a favor for someone, morality and the spirit of fairness dictates that they would be willing to return the favor in the future when you need something from them. That's how it works in a family or small community. People "owe each other one," and favors are reciprocated regularly without any money changing hands in a kind of informal credit system. But if one person starts to take advantage of others' generosity and requests a lot of favors, but always fails to reciprocate when asked, people catch on quickly. The parasitic behavior will be met with increasing unwillingness to help from members of the family or community, and in extreme cases, even exile from the community itself.

The second point needs a bit more explanation. Money is a social technology, it's only valuable in a purely monetary sense when there's someone else to trade with. When you make yourself a few eggs for breakfast, you don't pay yourself for frying the eggs. Obviously. But if you eat your eggs, then go to your job as a short-order cook at the local diner, you may spend the morning getting paid to do exactly what you did "for free" at home. The difference is in the deferred consumption.

The second point needs a bit more explanation. Money is a social technology, it's only valuable in a purely monetary sense when there's someone else to trade with. When you make yourself a few eggs for breakfast, you don't pay yourself for frying the eggs. Obviously. But if you eat your eggs, then go to your job as a short-order cook at the local diner, you may spend the morning getting paid to do exactly what you did "for free" at home. The difference is in the deferred consumption.

To understand the real mechanism behind the phenomenon, we have to consider how money is acquired. As anyone who has ever earned an honest wage knows, getting a paycheck requires two things. One, producing a valuable good or service. And two, giving that good or service to someone else instead of immediately consuming it yourself.

So the money has value, not because of some inherent quality of the paper or gold or mental "credit," but because it represents past productive behavior, but without immediate consumption. The money itself is not wealth, it's just an abstract representation, a kind of scorecard or ledger entry, of the real wealth that the holder of the money has already produced.

Money is just a way to formalize and expand that local, informal mental ledger. It's a way to keep track, on a societal level, who has contributed their fair share to the community and is deserving of reciprocal treatment. When someone buys something from you, although you don't consciously think through what's happening, on a subconscious level you're participating in a societal dialogue that goes something like this: "This person has money, which means they're a capable, generous, reciprocal person who has contributed more to the community than they've taken. Fairness dictates that they deserve something of value as a reward for their pro-social behavior. By taking their money, and giving them something of value, I can perpetuate the cycle of rewarding people who generously and capably do work that benefits others, and that will be beneficial to me personally and also to society as a whole. By having the money they give me, I can then also signal to others that I'm the same type of generous, reciprocal, productive person, and I can expect to be rewarded for that in the future when I try to exchange this money for valuable goods and services."

This informal credit system is the simplest and most fundamental form of money, and we can learn the basic principle behind why money works by observing it. We can see that a person accumulates "credits" by contributing productive value to others without getting anything in return. The "credits" are informal mental ledger credits that represent "this person has done something productive and valuable for someone else, which means he deserves to receive something valuable in the future." If a person contributes generously enough to the community, he will build up so much "credit" with everyone that he can expect generous help in return from any member of the community.

Third, money creates a way to value and reimburse specialized work. That's arguably the most important aspect.

Second, money solves the problem of not having the correct item to barter with. If your neighbor has butter and you have fish, but your neighbor hates fish and will only accept a chicken, barter won't work. But if you can just pay him with money, he can go buy whatever he prefers.

Enter money. Money solves multiple problems that arise with barter. For one, it creates a way to compare extremely dissimilar things. How many fish is a pound of butter worth? How many eggs? With barter, every good or service has to be priced in relation to every other good or service it's exchanged for. This is impossibly cumbersome and inefficient. Having money as a unit of account is as essential to trade as having a uniform inch is to building a house. A single carpenter might be able to use the width of his hand to measure boards, but get two carpenters working together and that "handbreadth" no longer works.

So what exactly is money and how does it work? In a subsistence society, you can use barter to trade with strangers. You give them some fish, they give you some clothing, everyone is happy. But barter has major problems, and doesn't work at all in complex supply chains with specialized workers. Specialized jobs don't produce valuable finished goods that can be bartered. When you solder circuit boards all day, you can't go to your local farmer and trade ten "solder circuit board" for a dozen eggs.

But there's a problem. The person who's doing one specific task to make part of one widget still needs to eat, have a place to live, clothes to wear, etc. But how do you get all that while working a full time job making widgets? You can't do it all yourself, you need to buy those things from someone else who, similarly, specializes in those necessities of life. You need money. Money is what makes the whole thing work.

Contrast that with the electronic device you're using to read these words right now. How many people does it take to build a smartphone? Millions. Can one person do it? Absolutely not. You could give anyone in the world an entire lifetime and there's no way they could mine, process, and assemble the raw materials into a functional smartphone. It's simply too complex, too many processes and too much specialized knowledge and machinery needed. Not to mention doing it at a cost that most people on the planet can afford. That miracle is only possible because millions of people specialize in one tiny specific task related to making one part of a complex item, over and over again. The efficiency of only doing one specific task instead of being a generalist is what makes civilization possible.

In a subsistence situation, everything you have is created start-to-finish by you or by your immediate family or tribe. Everyone has to be a sort of jack-of-all-trades, at least at a group level. If you want a shelter, you collect the natural materials and build it yourself. If you need clothes, you collect the fibers or skins, process them, and use the fabric to sew your own outfit.

Contrast that with the electronic device you're using to read these words right now. How many people does it take to build a smartphone? Millions. Can one person do it? Absolutely not. You could give anyone in the world an entire lifetime and there's no way they could mine, process, and assemble the raw materials into a functional smartphone. It's simply too complex, too many processes and too much specialized knowledge and machinery needed. Not to mention doing it at a cost that most people on the planet can afford. That miracle is only possible because millions of people specialize in one tiny specific task related to making one part of a complex item, over and over again. The efficiency of only doing one specific task instead of being a generalist is what makes civilization possible.

Now run the same experiment, but place yourself in the water aisle at Costco. Suddenly you choose differently. This shows a few key requirements for money to be useful. One, you need the real wealth, the actual goods and services. If there is no bottled water on that island, all the money in the world won't do you a lick of good. Two, you need someone willing to exchange the real wealth for your money. If you're alone on that island and you find a bottle of water, you don't need money to drink it, you just help yourself. Both requirements are essential.

This system has a lot of serious problems, besides the fact that it’s fundamentally based on a lie. For one, all the bank deposits are created by making loans, which means they’re all debt, which means they all have to be paid back with interest. That’s a problem for two reasons. One, paying back the debt destroys money, which artificially disrupts the economy by distorting prices as the amount of money in the economy rises and falls arbitrarily depending on new loan issuance versus debt repayment. Two, when the loan is made, only the amount of the principle is created in bank deposits. The interest isn’t. That means new loans have to be made to pay the interest on the existing loans. That basically guarantees that the amount of debt in the economy will continue to rise indefinitely, because the only way it could go down is for the banking system as it currently exists to collapse, or to be “bailed out” with massive injections of newly created base money to offset loans that can’t be paid back. That, coincidentally, is what Quantitative Easing is; an injection of newly created base money to provide liquidity to pay back debt without having to issue new debt to do it.

This system has a lot of serious problems, besides the fact that it’s fundamentally based on a lie. For one, all the bank deposits are created by making loans, which means they’re all debt, which means they all have to be paid back with interest. That’s a problem for two reasons. One, paying back the debt destroys money, which artificially disrupts the economy by distorting prices as the amount of money in the economy rises and falls arbitrarily depending on new loan issuance versus debt repayment. Two, when the loan is made, only the amount of the principle is created in bank deposits. The interest isn’t. That means new loans have to be made to pay the interest on the existing loans. That basically guarantees that the amount of debt in the economy will continue to rise indefinitely, because the only way it could go down is for the banking system as it currently exists to collapse, or to be “bailed out” with massive injections of newly created base money to offset loans that can’t be paid back. That, coincidentally, is what Quantitative Easing is; an injection of newly created base money to provide liquidity to pay back debt without having to issue new debt to do it.

This system has a lot of serious problems, besides the fact that it’s fundamentally based on a lie. For one, all the bank deposits are created by making loans, which means they’re all debt, which means they all have to be paid back with interest. That’s a problem for two reasons. One, paying back the debt destroys money, which artificially disrupts the economy by distorting prices as the amount of money in the economy rises and falls arbitrarily depending on new loan issuance versus debt repayment. Two, when the loan is made, only the amount of the principle is created in bank deposits. The interest isn’t. That means new loans have to be made to pay the interest on the existing loans. That basically guarantees that the amount of debt in the economy will continue to rise indefinitely, because the only way it could go down is for the banking system as it currently exists to collapse, or to be “bailed out” with massive injections of newly created base money to offset loans that can’t be paid back. That, coincidentally, is what Quantitative Easing is; an injection of newly created base money to provide liquidity to pay back debt without having to issue new debt to do it.

This system has a lot of serious problems, besides the fact that it’s fundamentally based on a lie. For one, all the bank deposits are created by making loans, which means they’re all debt, which means they all have to be paid back with interest. That’s a problem for two reasons. One, paying back the debt destroys money, which artificially disrupts the economy by distorting prices as the amount of money in the economy rises and falls arbitrarily depending on new loan issuance versus debt repayment. Two, when the loan is made, only the amount of the principle is created in bank deposits. The interest isn’t. That means new loans have to be made to pay the interest on the existing loans. That basically guarantees that the amount of debt in the economy will continue to rise indefinitely, because the only way it could go down is for the banking system as it currently exists to collapse, or to be “bailed out” with massive injections of newly created base money to offset loans that can’t be paid back. That, coincidentally, is what Quantitative Easing is; an injection of newly created base money to provide liquidity to pay back debt without having to issue new debt to do it.

Then through the magic of banking, the borrower can transfer the numbers representing the amount the bank owes them to someone else, and now the bank owes that other person a certain number of dollars. And so on down the line. This can continue indefinitely, with people exchanging bank IOUs with each other in perpetuity, and no actual base money dollars needing to be exchanged. With help from a deliberate effort by banks to conceal the real nature of their activities, these credit/debt ledger entries function as, and for all practical purposes become, money. The only thing that can upset the apple cart is too many people trying to effectively exit the banking system at once, by trying to withdraw the money in their account. At that point reality sets in. The fact that the numbers in their account didn’t actually represent base money but rather just debt that the bank owes the depositor becomes obvious when the bank run reveals that the bank doesn’t have enough actual base money to settle its debt.

The current fractionally reserved fiat banking system primarily uses debt as money. There’s a small amount of base money, which consists of physical cash and a digital equivalent of cash called bank reserves, which are held in a ledger in banks’ accounts at the Federal Reserve and are used to settle transactions between banks. But this base money only makes up a small percentage of the total money supply. The bulk of the “money” consists of bank deposits, which are essentially IOUs created by banks when they issue loans under the fractional reserve system. When a bank makes a loan, they don’t actually give the borrower base money, for example a stack of physical cash, in most cases. Instead what they give is an liability entry in the bank’s balance sheet ledger that says “the bank owes the borrower this amount of dollars.” At the same time, on the asset side of the balance sheet they create another entry that says “the borrower owes the bank this amount of dollars” with details on how and when the loan must be repaid.

The current fractionally reserved fiat banking system primarily uses debt as money. There’s a small amount of base money, which consists of physical cash and a digital equivalent of cash called bank reserves, which are held in a ledger in banks’ accounts at the Federal Reserve and are used to settle transactions between banks. But this base money only makes up a small percentage of the total money supply. The bulk of the “money” consists of bank deposits, which are essentially IOUs created by banks when they issue loans under the fractional reserve system. When a bank makes a loan, they don’t actually give the borrower base money, for example a stack of physical cash, in most cases. Instead what they give is an liability entry in the bank’s balance sheet ledger that says “the bank owes the borrower this amount of dollars.” At the same time, on the asset side of the balance sheet they create another entry that says “the borrower owes the bank this amount of dollars” with details on how and when the loan must be repaid.

The current fractionally reserved fiat banking system primarily uses debt as money. There’s a small amount of base money, which consists of physical cash and a digital equivalent of cash called bank reserves, which are held in a ledger in banks’ accounts at the Federal Reserve and are used to settle transactions between banks. But this base money only makes up a small percentage of the total money supply. The bulk of the “money” consists of bank deposits, which are essentially IOUs created by banks when they issue loans under the fractional reserve system. When a bank makes a loan, they don’t actually give the borrower base money, for example a stack of physical cash, in most cases. Instead what they give is an liability entry in the bank’s balance sheet ledger that says “the bank owes the borrower this amount of dollars.” At the same time, on the asset side of the balance sheet they create another entry that says “the borrower owes the bank this amount of dollars” with details on how and when the loan must be repaid.

The current fractionally reserved fiat banking system primarily uses debt as money. There’s a small amount of base money, which consists of physical cash and a digital equivalent of cash called bank reserves, which are held in a ledger in banks’ accounts at the Federal Reserve and are used to settle transactions between banks. But this base money only makes up a small percentage of the total money supply. The bulk of the “money” consists of bank deposits, which are essentially IOUs created by banks when they issue loans under the fractional reserve system. When a bank makes a loan, they don’t actually give the borrower base money, for example a stack of physical cash, in most cases. Instead what they give is an liability entry in the bank’s balance sheet ledger that says “the bank owes the borrower this amount of dollars.” At the same time, on the asset side of the balance sheet they create another entry that says “the borrower owes the bank this amount of dollars” with details on how and when the loan must be repaid.

Equity is a related financial concept that doesn’t typically come up when studying money. The definition of the word as it’s used financially is something like “a risk interest or ownership right in property.” In simple terms, equity refers to ownership of something. For example, if you have a house that’s worth $500,000 and you have no mortgage or loans against the house, you have equity in the house of 100% of its value, or $500,000. If you have a mortgage of $250,000, you currently have 50% equity in the house, or you “own” half the value of the house.

When you start going down the “what is money?” rabbit hole, debt quickly comes into focus. You try to understand what it is, how it works, and why the world has so much of it and seemingly more by the second. Eventually you’ll discover that the “money” we use today is mostly just debt, created by banks when they make loans, and treated the same as the cash in your wallet. Until too many people try to withdraw their “money” from the bank, and the bank doesn’t have nearly enough cash to meet the withdrawals and collapses into insolvency. Which it always was, only no one realized who was swimming naked until the tide went out.

When you start going down the “what is money?” rabbit hole, debt quickly comes into focus. You try to understand what it is, how it works, and why the world has so much of it and seemingly more by the second. Eventually you’ll discover that the “money” we use today is mostly just debt, created by banks when they make loans, and treated the same as the cash in your wallet. Until too many people try to withdraw their “money” from the bank, and the bank doesn’t have nearly enough cash to meet the withdrawals and collapses into insolvency. Which it always was, only no one realized who was swimming naked until the tide went out.