History will not be a kind judge to those who advocate for “theft” in money.
#Bitcoin
Discussion
#Bitcoin showed the world what money was actually meant to be.
History will be written by the victors; the truth will be revealed and fiat will be exposed as the fraud it really is.
I hope we live to see it
It seems even worse than advocating for thieves. There are laws against that in most countries if not all of them.
It's shocking how engraved it seems to be in many peoples DNA, that they believe it's best for society to have weaponized money.
At least for some of them it must have something to do with believing that whatever we lose, the state or "society" will give back to us in another form. If they knew that the most wealthy people became richer and the poorest became poorer, they might have thought otherwise.
I also suspect that it's possible to make more of them understand that 2 (% inflation, the Fed's mandate) is in fact 7 (% inflation), because 2 represents only consumer goods and services, while 7 (the average rate og annual expansion of the money supply) represents the loss of value in relation to everything that money can buy.
So my mantra is: "You got it wrong, 2 is in fact 7." Otherwise it doesn't make sense to talk about money as a "universal medium of exchange".
Saying that 2 is the right answer, is like saying "2 is the relevant number for you, because you are and must forever be a consumer. 7 is therefore irrelevant for you. Your are one of those 2-people. You aren't one of us."
I think it's possible to work out something along these lines. To penetrate that mental block that most people have.
Have I understood this correctly: Money is a claim on goods, earned through work/value creation, while credit is a claim on money. In todays paradigm, credit has the same status as money, but it’s backed by theft of other peoples work? Consuming before producing is not possible?
Spot on Jeff….same could be said for time theft through inflation.
my younger self would have wanted to hurt them, but my older self understands that it will take no action on my part for them to be hurt
your word is true
Welcome to the triple D economy:
Digital
Decentralised
Deflationary
Goodbye
Analogue
Centralised
Inflation
As banks meltdown Bitcoin will rise as we witness the greatest ever transfer of wealth humanity has ever seen. If you haven’t moved yet you are still early but sooner is better than later so act now
The vast majority of people are too busy spinning their hamster wheels.
When the essentials are threatened they’ll will take notice.
Fiat is an insidious prison with invisible bars. When people start running into them, they’ll find the exit. #Bitcoin
But inflation is /necessary/ 🙄
My god the amount of times I’ve been told this in the middle of conversation. “Inflation is good, 2% is necessary”. Yeah? Good for who?
Ask them to do the work? Who wins by that rate of theft? and why is theft required for a productive economy? When they answer, you probably have 3 - 4 more why’s before you get to their wrongly held belief.
Many have a hard time wanting to do the work, I’ve recommended podcasts, interviews, your book, YouTube videos, but have only successfully gotten a few people, most just think I’ve lost it. Yet those same people will complain about their rent being too high, or COL is increasing too fast. Like I’m showing you where the door is, just open it!
“The purpose of the system is what it does, not what it claims to do.”
-Stafford Beer-