The ECB dropped a report effectively saying if Bitcoin appreciates in value that those owning it are maliciously extracting wealth from others. They're projecting.

Even the last person on the planet to adopt Bitcoin will be directionally better off once they make the shift.

We're protecting ourselves from pickpockets and the thieves are accusing us of stealing.

https://m.primal.net/LbDB.webp

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I have a friend who refuses to own Bitcoin based on this same viewpoint.

Sounds like a temporarily embarrassed satillionaire.

Wake your friend up.

It isn’t theft [it is…?] from a system robbing, especially the poorer— blind!

The audacity is beyond.

The rhetoric and lies means there is plenty of fear regarding a new system that can shatter the old.

Is your friend Christine Lagarde?

Communists don't want people to earn/win. Otherwise they would lose control over people.

The projection is unreal. East Germany accusing Western Germany for their woes while advocating for a sturdier wall.

Lololol. Fantastic.

Yes, Gaslighting Bitcoiners 🤣

That chain of thought is just mind boggling.

It's afraid.

Honestly, forget this report. It’s not worth the paper it’s printed on. Normally, it would be forgotten immediately if you all weren’t reporting on it. But somehow, some Bitcoiners seem to be too attention-seeking to simply ignore what is obviously false and worthless.

nostr:note1whjfxx30a6le9dd73z7mu59czexwgy8fag8u45d0x7ac4js9ewfqgnu980

The ECB dropped a report effectively saying if Bitcoin appreciates in value that those owning it are maliciously extracting wealth from others. They're projecting.

Even the last person on the planet to adopt Bitcoin will be directionally better off once they make the shift.

We're protecting ourselves from pickpockets and the thieves are accusing us of stealing.

https://m.primal.net/LbDB.webp

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877

The ECB will be the last CB to buy, when it is the only way out of a Euro collapse.

nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 what was your prompt for the pic?

They're trying everything they can to tank bitcoin.

I'm glad these accusations often come out, that means that bitcoin is both a threat to the ecb and a way out of this financial mess for us normal people

Yup.

What is the title of the report so I could find it quickly?

The distributional consequences of Bitcoin

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877

Hi Ben, DM for you 🫂🎨

Extracting wealth from others? Do they mean from the central banks? Oh, yeah! 😎

This is gaslighting at its finest. I call these distractions to delay Bitcoin adoption.

It is not a matter of if, though, when.

They don't understand the free market.

I think they're saying that because they want to be the only ones extracting wealth from the population via the money printer and inflation.

cute whoever he is

The ECB is corrupted. I wonder what's the salary of the person who wrote that report. Pretty sure is a significant extraction of wealth.

So they pay us when the price drops, right?

right?

Time to send does ECB dummies the books of Saifadean Ammous 😉👌