Replying to Avatar Jeff Booth

When you’re pricing #Bitcoin in a fiat contract that is being debased (slowly or quickly) you are thinking as a trader.

Ie - I’m going to trade my #Bitcoin (at some price) for a money that must be devalued further (at some point)

While you may win a short term on the “trade”, the truth is that #Bitcoin is repricing everything. (Just some things are holding their value better than others)

And picking up pennies in front of a steamroller is a pretty risky strategy in my humble opinion!!!
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doctorstrange 2y ago

Hi Jeff, if you look back in history, it’s fairly obvious the most powerful in society have always controlled the money supply (past 300 years at minimum, more like 600 years in reality).

Why have non of the larger states that oppose Western moneyed interest adopted or trade in Bitcoin? Any thoughts here? Thank you

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Jeff Booth 2y ago

It removes the ability for a dictatorship to thrive over the longer term because it transfers away the power of the state to its people.