I don’t care if central bank economists call #Bitcoin  a failure. It’s like second place calling 1st place a loser because they didn’t break any records…

I mean can we get their opinion on the central banks? Failure would be putting it lightly. Catastrophe is more fitting.

They wouldn’t describe it as either, because they are the problem with no incentive to admit it.

How are the central banks complete and utter failures each in their own?

You have to keep in mind what they were created for:

Price stability: the central bank’s ability to react and affect price stability has been considered slow and outdated since before I was born. NOW it’s become obvious that controlling a decentralized economy with a centralized authority is about as backwards as it can get. A free market would do a better job of stabilizing price. It would be more violent at first but we would reach an equilibrium faster than we do with the central banks and their slowly-peeling-the-bandaid approach that leads to delayed impact, questionable morality, asset bubbles, and periods of exacerbated currency fluctuations.

Fair play: don’t get me started on the favoritism and privileges that come with being close to the money printer. It attracts wealthy looter parasites who take risks that we don’t have access to and get us to bail them out when they go belly up. They take the “risk”; if it goes good, they take the reward; if it fails, don’t worry they’ll just steal from YOU to make up the difference. There’s nothing fairer than giving them money to keep their buddies in business, just so they can raise our cost of living when they decide it’s not enough. The worst and least fair aspect about central banking is THEY NEVER EVER TAKE THE BLAME. The nation’s accountant was never accountable. This problem predates 2008. It goes back to the sinking of the Titanic. There wasn’t an honest alternative to opt out into until Satoshi released #Bitcoin . He created it, he discovered it, but the most important thing he did was RELEASE the beast. A Kraken. And the central bank has the audacity to call it a failure.

Emotional ease: Waiting on the Fed minutes to drop can be tense and anxiety inducing. An unpredictable and irrational monetary policy instills dread in its users while a predictable and sensible approach instills hope. In this sense you are either behind the wheel, or your life is in the hands of a senile, old fool who doesn’t care about you.

If you leave this post with nothing else, I hope you enjoy this little questionnaire I created and then filled out to help the average individual tell if #Bitcoin  has failed or not (due to #BTC ’s predictability: this should remain an accurate indicator for centuries to come):

Is #Bitcoin ’s supply limited? ✅

Is #Bitcoin  decentralized? ✅

Are #BTC  transactions cheaper than central banking transactions? ✅ (I’m actually surprised! #Bitcoin ’s fees while hyper congested are still competitive with central banking fees 🤔)

Does #Bitcoin  have faster transactions than central banks? ✅

Is #Bitcoin  transparent? ✅

WHERE IS THE FAILURE? lol