Why the Elite & Government Hate Bitcoin - It Isn't What You Think

Inflation is not a defect in their system it is a necessary component. They want you to risk your earnings in stocks, bonds, etc.

The billionaire class runs on debt not income, that is why they pay no taxes in reality vs. cash flow. To do this there must be fiat casinos. Stock markets, bonds (corporate & government), etc. Again for their system to work for them as designed these casinos must exist.

They are the house, you are the customer getting 5 watered down "free" well drinks while losing half your paycheck. I mean you didn't think when you said, "Jack & Coke" to the pretty waitress you really got Jack Daniels, did you?

Now what if money was hard, what if you could save your money and it would buy more vs. less across time. Would you play the game and take the risk? May be a little, but not all in like most.

99% of Americans spend or invest 100% of their money. And those investments are almost exclusively 401ks jammed into ETFs and Mutual Funds run by oligarchs. Most people have less than 2 weeks in cash on hand at any time. (one paycheck from poverty) no matter how well they live.

When you buy #bitcoin it isn't that it is a threat to fiat, that is small time.

No, it is a threat to the fiat casinos, that is what they really hate. Your money is not in their system any longer. They can't use it, leverage it, borrow against it, create options with it, make hedge funds against it.

It is gone from their world and the threat to their world is bigger than they realize and bigger than most bitcoiners realize as well.

Stack accordingly!

~ Jack

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Discussion

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This was the last amoung many #bitcoin revelations that I had. I closed out all my trading accounts, 401k, IRAs, etc. Had to pay "penalties" to get my money back, but whatever. They aren't going to see another dime from me ✊🏾🧑

Same here, I am now going to invest directly into myself and those I care about.

✊🏾🧑

Why aren't more people talking about the Warren bill. This sounds like the biggest attack on bitcoin yet.

"The Warren bill would require that anyone who designs a crypto wallet (a computer program designed to store the encryption code that helps to keep your crypto tokens secure) register as a money services business and, essentially, be regulated like a financial institution.

This means that any computer programmer entrepreneur who writes code to help customers control crypto investments from their phone β€” and to help keep the crypto secure from hackers β€” would need to register with the Treasury Department as if they were Western Union. Good luck with that, crypto startups."

https://www.zerohedge.com/crypto/elizabeth-warren-wants-police-your-door-2024-if-you-have-crypto-wallet

"This bill is a Trojan horse designed to destroy the crypto markets under the false guise of a pro-national security bill. It’s a smart strategy. Convince national security conservatives that this is an answer to a perceived problem, particularly members with little background knowledge of how crypto works, and then let crypto development die off.

The legislation also seeks to outright ban crypto privacy tools. If the vision of Bitcoin as a means of payment will ever be realized, it needs to be private. Without privacy tools that would be banned by this legislation, every time you use Bitcoin to pay for a coffee, the barista can use your public key to look up your entire transaction history. Thieves and hackers can do the same."