Nostr Web Client

Revolution☠️ 1y ago

Even BTC will not help the equality of rich and poor . This will remain the same . Have you considered that some countries will remain poor anyway after BTC adoption ( the percentage will be different in each country ).

Nor will it help people who are already poor.

BTC is not here to help bring about equality or world peace.

It's the future yes but only in the right hands could it create , fix or help something.

I'm starting to realize that you're all getting blindsided in how you perceive BTC

Of course I'm rooting for everyone, but the world isn't going to change.

Wars, poverty, disease, famine will be there even with BTC. It's all about people, not BTC

As always " don't take my word for it everyone has a brain "

Reply to this note

Please Login to reply.

Discussion

aivii 1y ago

If government needs to raise taxes to wage a war, it'll be a much harder feat than just printing money.

Revolution☠️ 1y ago

Maybe yes but there is already a paper ETF ( fake BTC ) that is paid for with fiat currency . And we have another circle:(

I too was and I am a huge fan of BTC but as time goes on I realize what I'm writing.

aivii 1y ago

I'm not sure about the assertion regarding paper ETF.

While it becomes increasingly hard to assess collateral value in traditional finance, with Bitcoin it's very easy as the verified information is public in the blockchain. There's a perpetual audit going every 10 minutes on average; that's the consensus.

Bad actors we've known a few. ETF mismanagement, if it is to occur, will be just another version of mismanaged funds (mtgox, terra, FTX etc).

Nothing new.

Revolution☠️ 1y ago

BTC is freedom and a great alternative to FIAT. But still only for the rich or those who want to change their lifestyles.In the future it may partially replace FIAT in some countries and help improve the economy.

Comte de Sats Germain 1y ago

If the supply remains constant, wealth distribution will trend towards equality. That's not to say there won't be rich and poor, but most wealth is maintained by externalizing opportunity costs, and seems to always depend on the money printer. So there will be a constant force pushing equality which I think will be proportional to the rate of innovation - which is what innovation already is, but people who can use debt are able to hoover up the wealth creation and then some.

Revolution☠️ 1y ago

This sentence has a lot of :

“people who can use debt are able to hoover up the wealth creation and then some”

Yes, these are individuals, sometimes joined in small groups. This is the exception that is not talked about anywhere and most people don't know they exist.

Without them, the whole world system would have been in the toilet long ago.

Comte de Sats Germain 1y ago

Without them, we would have terraformed Venus and begun work on an orbital ring a long time ago. Their sly theft has retarded our growth.

Revolution☠️ 1y ago

I'm not talking about politicians and the like 😂 I'm talking about the ones who are trying to create what you might call engineers . But no matters who is who

Comte de Sats Germain 1y ago

Like in the Alien universe? Anyways, I'm not necessarily talking about politicians either. They have a different grift (legitimacy build on democracy expands their franchise) that synergizes with the financial grift of debt, but isn't the same. Both kinds of grift are just tools for the transhumanist globalist bug pushers.

Revolution☠️ 1y ago

You could say Aliens - clever, stealthy and do nothing for no reason

No more no less🤷🏿‍♀️👽