Reading through it.... and no, not a fan of any inflation, evne the supposed "beneficial" one. Yes, I'm an ignorant fool who wishes putting momey on his mattress was effective.
That said, you argued bitcoin doesn't solve it.
It does help solve it in the sense that, since you can't print it, you can't just get hyperinflation of it.
Another thing... didn't its value increase during the lockdown? Like, by 400+%. Obviously it couldn't fix people not being able to work due to the shitdemic, but it was def a huge benefit to those who bought it.
you can't print bitcoin but you can mine it - which is the same thing, except it is also a huge waste of energy and computer chips
the value of Bitcoin can collapse just like the value of Dollar if people stop believing in it
people used to believe in the Dollar because America had strong economy and strong military - but they might lose this faith
people also believe in Bitcoin because they are stupid - but that belief is not based on anything - literally nothing - of course all religions are based on nothing and many have persisted for thousands of years - one thing is certain PEOPLE ARE DUMBER THAN ROCKS - and that is bullish for BTC
but from that perspective there is more upside to shitcoins that have smaller market capitalization. it would take a LOT of money to push BTC up significantly whereas meme shitcoins can be easily moved up by 1,000% or more.
It's not the same.... the printing is basically without cost.
Mining actually has a cost. You can't just mine 1 million bitcoins in a single day.
Meanwhile the fed can print 10M dollars in a single day if they please.
would it make you feel better if the FED bombed American cities every time it printed money so that printing wasn't free anymore ?
mining is purely destructive. it turns useful energy into useless heat and ties up computational power that could be used by AI or for other purposes and in exchange it creates imaginary tokens.
in fact the entire purpose of mining was to prevent bitcoin from appreciating in value - it was meant to be digital gold - to have value that is stable overtime. but the creators of bitcoin underestimated how stupid and greedy people are and how eager to pump money into anything that is going up in value ( that is a ponzi pyramid ).
it is far preferable to print money only when it is beneficial and at a rate deemed appropriate and to do so at zero cost than to to mine money at exorbitant cost in a way that is completely out of control of anybody.
the one downside of fiat is that it funds wars because no matter how much the war costs it can be instantly printed. bitcoin can't fund wars.
but that would actually be an upside if our country wasn't run by Jews who run wars for THEIR benefit instead of ours.
if white people were in charge of America it would have been a great benefit to be able to fight anybody anytime.
so the problem isn't fiat. the problem is JEWS.
Yes, the problem is your race and their demonic pets (niggers, poopjeets, etc).
That said, if money printing were to remain a thing, I would prefer it to be kept at a minimum.
bitcoin doesn't stop money printing though.
and if you use money to buy stocks ( or even *gasp* bitcoin ) it shouldn't matter how much money is being printed.
Bitcoin is an alternative to relying on currency that can be printed onto infinity by retarded leftist governments.
And yes, I will invest my money one day. Probably by the end of the next year tbh.
bitcoin is not an alternative to currency it's an alternative to stocks.
for example here is Tesla Stock
there was a time when it would have given you much better returns than bitcoin
at any given time there is some stock that will give you much better return that bitcoin
in the end it comes down to sentiment - you have to know how people will feel about something TOMORROW
that's what investing / trading is ...
It's an alternative to currency because it cannot be taxed or stolen from you by a faggot nigger loving judge.
No judge can freeze your bitcoin wallet.
those are good reasons to hold bitcoin.
but they don't make it an alternative to currency.
in other words in the end the only reason to hold bitcoin is if you want to break the law
which is why when i first heard about bitcoin back when it was just invented i thought it would get banned
now i honestly don't know what to think
morally i am opposed to mining but from practical perspective i can't say whether you should hold it or not either way
up to you
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Useful energy? It's still being useful. It means you sacrifice energy in order to become richer. It is highlighting how the rich have an easier time attaining a passive income, unlike the poor. I have no issue with it.
why not just rob a bank then ?
it is useful for getting richer.
and is actually less destructive than mining bitcoin.
Because robbing a bank would get me jailed or killed. Otherwise, some would do far worse if they could get away from it.
If you don't care what effect your actions have on others how are you better than a Jew ?
I did not say those were the only reasons for me not robbing a bank. I even speak of others, actually.
But a difference, sure. I don't believe in priests that suck baby penis and wish for Europeans to thrive and replace the demonic races.
but you're OK with using energy to mine bitcoin when people can't afford to heat their homes ...
It's a shame that some Whites are poor to that point, yes. I do have a praftical solution: Wipe out niggers and populate their land.
Otherwise, not my problem.
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No. Mining is a person using their private property for it. Governments shouldn't have the power to arbitrarily bomb cities.
energy is not private property. your use of energy results in pollution of the planet and you are allowed to use it because ostensibly you need it.
but you don't.
so you're committing fraud.
when the electrical grid is overloaded they do load shedding, meaning they ration energy to customers who are deemed more critical such as hospitals for example.
by that logic they should be able to also ban bitcoin mining since it is completely useless to society.
Energy CAN BE private property.
I.E if you own a shitton of solar panela or somehow even have your own private power plant.
The ratiomed energy comes from state owned power plants. Of course the state decides what happens to it.
i despise bitcoin but you do whatever you want bro.
The first daughter I have will be sold in marriage for a dowry. Either in dollar, bitcoin or whatever currency is the most useful at the time.
I won't close my eyes to it.
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