If an economy runs on bad money,
-> Good money will be scarce & most likely driven out of circulation.
If an economy runs on really bad money,
-> Good money will drive out the really bad money, as no one will accept it for anything of value.
Discussion
There are always people who start spending the good money. They are pioneers, not idiots.
and they had the foresight to stack it first
They would have to have stacked a shit ton, so much so that they're better off spending it than spending their time making more money.
This is the exact person Laeserin is speaking of.
yes, they are vain
Bullshit communist attitude, you should be ashamed of yourself
nobody does harm with hoarding
that's the worst part of the envy narrative of socialism
it's the root of the idea that it's ok to steal from people, which is never ok
There's only one adjective for someone who's managed to buy & hold many coins.
Big 🍆.
What is the word for someone who has been debanked since 2010 and all in since 2011? Bitcoin Belle, baby. Yeah, I know, that's 2 words. There needs to be one for those who EARN it with their time and talent as we all know there is no treasure to be found in fiat.
You were debanked by every single bank?
Why?
I had a $657K tax levy in 2009 after getting tagged by Lois Lerner from a $6k+ donation to Ron Paul. I diid not negotiate as one of the conditions was I provide previous 7 years of returns which was impossible. So I had my passport privileges revoked and all bank accounts and my trading account seized. I was able to continue trading but could not redeem. So, I traded my 6 figure trading account to 0 and started over. For the 3rd time. Fortunately, bitcoin was there for me.
Can you answer my question?
I did and then some. When a person has a tax levy, every banking institution tied to their SSN is affected, wages are garnished etc. So all funds are removed and if another account is opened elsewhere tied to that SSN, those funds too are seized. No charges, no trial.
Your story seems oversimplified, you didn't just donate monies - you had to enter the political sphere somehow correct?
You need to bone up on your history. Lois Lerner targeted libertarians. Old news. As for being political, nope. I have been a civil disobedience activist since age 11 1979 however. So clearly I was asking for it. lolz
A political campaign donation by itself wouldn't trigger what happened to you.
So yeah you're leaving a part of the story out for sure.
I do have sympathy for people targeted by that cunt.
Sorry that happened to you.
But I guess I could have just said, "Because I don't negotiate with terrorists."
i had 38 bitcoin in late 2012
it 3x before i got it back out of my silk road account
what respect do you give for the early adopters who actually used it to do business?
yeah, i fucked up lol
I'm all about the circular economy, I spend all the sats in it that I earned.
Whoever rails against this is an idiot who doesnt understand that creating a parallel economic zone is beneficial even if you don't need it today.
It's equally idiotic to rail against people who don't want to spend Satoshis at all, and prefer to hold it until it's absolutely necessary to spend.
Both are natural healthy phenomena, altruism be damned.