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Des Imoto マキシ
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Bitcoin is the only chance we have | Toxic Maxi | Anarchist | Voluntarist | #Bitcoin | #Plebchain

Exactly. “Interest” has to come from value creation. That’s how it all started under good standard as well. Banks held your savings. And when someone wanted to star a business, they could borrow the money. Pay it back from adding value, and the bank passed it through mines their take and paid the saver; however, when you print money, you can all the sudden make money with money itself.

Replying to Avatar Garth

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev a good friend finally conceded I was right about #bitcoin today (I felt nothing). He did however bring up a query about how credit would work on a #BTC standard. My response is fundamentally credit doesn’t work in a deflationary environment. After a few beers and crossed eyes, I still stand by this statement. But is there a possibility for credit on a Bitcoin standard in your view? I can’t see how it works?

Lending your Bitcoin to someone for a return? Why not? If someone wants to open a bakery and needs 2 Bitcoin, but only has one, you can lend him yours for a share of the profit of the bakery until your friend, with his share of the profit, can give you your Bitcoin back. In a larger sense, there may be pools of Bitcoin facilitated by enterprises…am I missing something?

Let us pause and take a deep breath—stop worrying about the *fiat price mechanism.* That fleeting number, measured in the very currency we sought to leave behind, is but a mirage. A distraction crafted to keep us tethered to the system we are rising above.

The fiat system thrives on control—of prices, of markets, of our very perception of value. It convinces us that our worth is tied to the whims of inflation, to the pulse of central bank interventions, to the manipulation of numbers that serve only the few at the top.

But we chose Bitcoin to escape that game. We walked away from fiat because we understood that its price mechanisms are shackled to today’s problems: inequality, debt spirals, and the ceaseless erosion of trust.

Bitcoin doesn’t need their price tags to prove its worth. Its value lies in what it *cannot* do: it cannot be printed, cannot be inflated, and cannot be manipulated by the hands of a select few. Its value is as pure as the energy and time it represents, unchanging and incorruptible.

To obsess over Bitcoin’s fiat price is to look backward, not forward. It’s to measure freedom with the ruler of oppression. Remember why you left the fiat system: to escape its illusions, to step into a reality where value is measured by scarcity, by fairness, and by the time you’ve poured into earning it.

Let the fiat price fall where it may—it is irrelevant. What matters is the quiet revolution happening beneath it: every block mined, every transaction validated, every satoshi spent in defiance of the old order.

So stop peering at the charts with anxious eyes. Instead, look to the future we are building—a world where money is honest, where value flows freely, and where the grasp of centralized control has no hold.

Bitcoin’s value isn’t in its price. Its value is in the freedom it gives us to rewrite the rules of the game.

Beautiful

AI is already passe. Because, there was no I in AI. An advanced indexer with a natural language processed is nice, but it’s not AI.

The next buzzword is quantum. What does that even mean?

Don’t believe the hype.

Replying to Avatar StackSats.IO

DANGERS OF THE BITCOIN STRATEGIC RESERVE

Everyone thinks about the price appreciation that nation state stacking brings on, but I’ve seen ZERO discussion of the potential downsides. So allow me be the one to shit in everyone’s cornflakes..

If the US does announce a SBR, Bitcoiners, you know the people who actually give this network value, are going to become targets.

We know:

- other countries will be forced to follow lest they be left behind

- they can’t print BTC

- they can’t tax BTC to accumulate it

- they have required KYC on exchanges in many countries

So what are those other nation states going to do when they realise they have to get their own stack?

They can’t print it. They can’t tax it. They’ve got a few regulated entities with lists of customers who have accumulated it..

Well they’re going to go knock on the exchange’s doors and demand lists of their customers who hold #Bitcoin.

Then they’re going to use the legal system, which they control, to coerce the HODLers to cough up their stacks to the government.

Expect to see: audits from the tax man. Unrealised gains taxes specifically on BTC. New legislation requiring corn addresses be declared or possibly joint custodied with Gov.

When that fails (which won’t take long, months probably); fuckery with HODLers business interests, debanking, travel bans, additional audits, outright bans/caps on individual ownership. M5M will portray greedy Bitcoiners as worse than Satan. Leftists will protest in the streets against them. Running a node will be prohibited by ISPs. There will be hotlines to report Bitcoiners to the Gov for some fiat rewards.

When they don’t get near their stacking target (they’ll all have delusions of grandeur of how they’re going to get some ridiculous % of the network assuming high rates of extraction from Bitcoiners on those lists + some open market ops) they’ll just go full Totalitarian.

Invented crimes with convictions only avoidable if HODLers cough up. Extending the lawfare targeting to family who fucking ignored you and have no corn but are now debanked and having their business destroyed, etc.

Within 1-2 years it will become impossible to hold BTC in nations like Aus, Canada, UK, and across Europe.

Boating accidents won’t cut it in front of judges and your pleas that they’ve shown the man and found the crime will fall on deaf ears - this is existential for the parasites, they’re not going to follow “the rules”.

Yanks will think they’re ok because they won’t face these pressures and their Gov were the “smart ones” who went first.

NO YOU DUMB FUCKS

Bitcoin is valuable because of decentralisation; you’re about to lose that when nation states make it impossible for individuals in large parts of the world to be part of the network lest they be destroyed.

This is the single biggest threat Bitcoin faces and all I see is supposed Bitcoiners cheering it on like the Goldbugs who love it when CBs pump their bags.

Bitcoin managed to cope with El Salvador adopting it. It won’t with the US - the knock ons are going to be immense.

This is not some Whitney Webb skizzopost by someone who doesn’t really understand Bitcoin. This is something I’ve understood for a while and which has fallen on deaf ears whenever I’ve raised it because ppl prefer to think of the bag pumping.

Yeah you’re going to be rich. Bitcoin is going to fork for regulation. You will have lost your allies who would have stopped it but can’t participate because you took the shortcut and they got removed to avoid jail.

If you want to avoid this, then it’s time to start seeing the State as your adversary again. Not your State, all of them. They’re all a problem.

Nation state game theory for Bitcoin, now, is bad for Bitcoiners.

Im surprised btw, that Russia hasn’t moved first on Bitcoin. They could take the US out. Any thoughts?

Replying to Avatar StackSats.IO

DANGERS OF THE BITCOIN STRATEGIC RESERVE

Everyone thinks about the price appreciation that nation state stacking brings on, but I’ve seen ZERO discussion of the potential downsides. So allow me be the one to shit in everyone’s cornflakes..

If the US does announce a SBR, Bitcoiners, you know the people who actually give this network value, are going to become targets.

We know:

- other countries will be forced to follow lest they be left behind

- they can’t print BTC

- they can’t tax BTC to accumulate it

- they have required KYC on exchanges in many countries

So what are those other nation states going to do when they realise they have to get their own stack?

They can’t print it. They can’t tax it. They’ve got a few regulated entities with lists of customers who have accumulated it..

Well they’re going to go knock on the exchange’s doors and demand lists of their customers who hold #Bitcoin.

Then they’re going to use the legal system, which they control, to coerce the HODLers to cough up their stacks to the government.

Expect to see: audits from the tax man. Unrealised gains taxes specifically on BTC. New legislation requiring corn addresses be declared or possibly joint custodied with Gov.

When that fails (which won’t take long, months probably); fuckery with HODLers business interests, debanking, travel bans, additional audits, outright bans/caps on individual ownership. M5M will portray greedy Bitcoiners as worse than Satan. Leftists will protest in the streets against them. Running a node will be prohibited by ISPs. There will be hotlines to report Bitcoiners to the Gov for some fiat rewards.

When they don’t get near their stacking target (they’ll all have delusions of grandeur of how they’re going to get some ridiculous % of the network assuming high rates of extraction from Bitcoiners on those lists + some open market ops) they’ll just go full Totalitarian.

Invented crimes with convictions only avoidable if HODLers cough up. Extending the lawfare targeting to family who fucking ignored you and have no corn but are now debanked and having their business destroyed, etc.

Within 1-2 years it will become impossible to hold BTC in nations like Aus, Canada, UK, and across Europe.

Boating accidents won’t cut it in front of judges and your pleas that they’ve shown the man and found the crime will fall on deaf ears - this is existential for the parasites, they’re not going to follow “the rules”.

Yanks will think they’re ok because they won’t face these pressures and their Gov were the “smart ones” who went first.

NO YOU DUMB FUCKS

Bitcoin is valuable because of decentralisation; you’re about to lose that when nation states make it impossible for individuals in large parts of the world to be part of the network lest they be destroyed.

This is the single biggest threat Bitcoin faces and all I see is supposed Bitcoiners cheering it on like the Goldbugs who love it when CBs pump their bags.

Bitcoin managed to cope with El Salvador adopting it. It won’t with the US - the knock ons are going to be immense.

This is not some Whitney Webb skizzopost by someone who doesn’t really understand Bitcoin. This is something I’ve understood for a while and which has fallen on deaf ears whenever I’ve raised it because ppl prefer to think of the bag pumping.

Yeah you’re going to be rich. Bitcoin is going to fork for regulation. You will have lost your allies who would have stopped it but can’t participate because you took the shortcut and they got removed to avoid jail.

If you want to avoid this, then it’s time to start seeing the State as your adversary again. Not your State, all of them. They’re all a problem.

Nation state game theory for Bitcoin, now, is bad for Bitcoiners.

Well put. If the US will move first on Bitcoin, the probability of your scenario increases. If another large state moves first, competition will maintain decentralization and keep people’s escape options open, imo. And then, if the Bitcoin attributes survive, Bitcoin will ultimately lead to abundance.