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Everyone understands the problem and can pontificate for 15 minutes about all the various angles of said problem.

Unlimited problem identifiers.

Very few problem solvers.

#Bitcoin is a fair & ethical system in which participants can exchange energy without the risk of confiscation and debasement by a few, highly corruptible, outside actors. I welcome the future because scarce, decentralized money makes all the natural resources of the world abundant for people that are willing to be net producers. Bitcoin incentivizes the world to become net producers and value creators. Bitcoin obeys the laws of the thermodynamics - fiat does not.

https://twitter.com/GRDecter/status/1655203348033810439

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Discussion

jb55 2y ago

That was a great question 🤯

face 2y ago

Kid probably watches Patrick Boyle

Petr 2y ago

https://youtu.be/3QckIlKwvOk

sms 2y ago

Did he answer the part about what she should do to prepare?

Bitcoin Dad 2y ago

Speaking of a fair and ethical system, I love your podcast (I only really listen to the Bitcoin fundamentals), but do you find any irony that you share TIP with others interviewing fund managers that benefit from the infinitely inflationary fiat environment that pumps up stock prices?

preston 2y ago

Bitcoin is for everyone to include your enemies. Whoever does the work to understand that it’s the fairest money ledger the world has ever created, deserve to harness the buying power it will bring. Bitcoin is an intelligence test for the net producers to store their energy. I have total faith it will naturally find its ways into the strongest, most intelligent hands with enough time.

Paul 2y ago

So AI will own all the ₿itcoin. Got it.

WBTM 2y ago

if you want to earn more you need to learn and read more.

People who spend the time will harness the buying power it will bring

nobody 2y ago

Yes!

DecentralizedDude 2y ago

I agree with you that Bitcoin is a remarkable phenomenon and has the potential to revolutionize the way we think about money and value. It indeed acts as a kind of intelligence test, requiring a profound understanding to fully harness its mechanisms and possibilities. However, I believe we also need to consider the accessibility of Bitcoin. Not everyone has the same opportunities or resources to understand and utilize Bitcoin. While it may be the fairest ledger of money in some ways, it might also exacerbate existing inequalities if not distributed fairly.

James3v9 2y ago

Preston. I can assure you, no one understands the situation better than J Powell. Now stop asking these questions

preston 2y ago

Few know that Jay Powell was the guy that allowed Solomon Brothers to not fail and who Buffett was negotiating with. It’s funny because at the BRK meeting they always show Buffett as the champion of character to save the bank when J-Pow simply decided to let it live…like flipping a coin. It’s no surprise he like J-Pow and says such favorable things about him…

James3v9 2y ago

Wow I had no idea thats how that went down... Thanks for the response.

For my first few years of investing Buffett was my ultimate hero. Not only a genius, but also had solid character. Quotes like this on Solomon are so good - “Lose money for the firm, and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless.”

But as time goes on I start to wonder how true his character is after seeing him encourage govt bailout after bailout. Praising the printing of money to fix bad decision making. Picking winners and losers is unfair and immoral - and is a sure way to make an even more catastrophic event when the crisis is delayed.

🍊💊⚡️🌽 2y ago

Excellent question!

You can distill the answer to one word, #Bitcoin!

bitcoinbank 2y ago

Well said. #Bitcoin solves it.