Today we spoke about Bitcoin Warlords.
Discussion
Give a man a bank he can rob the world.
Yes, and there will be thousands of bankers, capable of ruling their bit of the world.
This is a marked improvement on having only a handful of bankers, tho. I think there is no denying that.
Depends what people will do with it hopefully start by treating ourselves better.
I'm not sure if that's the important difference though. The real problem with bankers is their ability to steal and redistribute productive people's savings. If bankers couldn't create new money by making loans, I don't think they'd have much power at all.
Bitcoin bankers will be the ones liquid enough to make on-chain transactions.
Most people will never touch the first rail. They will pay other people to touch it for them.
That seems plausible. I think that's a massive improvement on the current system. Voluntarily paying for a valuable service is fine, having your hard earned savings stolen and redistributed in an opaque way is not.
The potential problem I see is if the main chain becomes so inaccessible and centrally monopolized that people without access can have their ability to transact censored.
You would have to censor on the rail they entered on, I think, which is more difficult, as the barrier to entry is lower, the further you get from the first rail.
Right. And since the main chain is global and open, anyone anywhere with enough liquidity can offer access. So if say the US "Bitcoin bankers" tried to censor someone on their L2, they can just access the main chain through an L2 network from Iran or Russia or North Korea or El Salvador.
Yes. You would have to censor their access to the other networks.
where did you talk?
Previous thread from me.
Something was bothering me... and then I realized that some of the men who have been misbehaving on here might soon be rich as Croesus.
What if that is true and they know it?
That could be possible.
But there are so many rich people with bad behavoir …
don't waste your thoughts on them.
by the way, i think the cycle will be different than some people thinks
Yeah, I know some badly behaving rich people, unfortunately, but they're only fiat multimillionaires.
They don't have... you know... Warlord Money.
what I take away from this is that good money does not make good people
Yeah.
I think hard money can create an economic disincentive to be wicked, but it won't eliminate it.
It's possible to have Warlord Money and covet what a poor man has, for instance.
Don't tell that those bitcoin esoterics that think humans will be better with bitcoin. They will be the same but the system will prevent them from doing bad things that concern everyone of us!
Life will be better.
But bitcoin can't turn idiots to kind people. still idiots but with bitcoin.
Really? How?
I hope Bitcoin goes to €10, so that I can become a whale. LOL
I think a lot people are expecting big prices... I guess everything will stay almost the same +- 10k ... but i have no chart analysis just a gut feeling 😅
Good fortune is better than great wealth
But I am looking forward to my fleet of Toyota trucks with 50 caliber machine guns and the boys have already started working on their new outfits