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Jason
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I like my coffee black and my tea in the harbor | Low Time Preference | Fix the Money | bitcoin

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Raiders of the Lost Zap ⚡️

It scared the zap out of me ⚡️

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“When the state finds itself unable to meet its committed expenditure by raising tax revenues, it will resort to other, more desperate measures. Among them is printing money.

Governments have grown used to enjoying a monopoly over currency that they could depreciate at will. This arbitrary inflation has been a prominent feature of the monetary policy of all twentieth-century states. Even the best national currency of the postwar period, the German mark, lost 71 percent of its value from January 1, 1949, through the end of June 1995. In the same period, the U.S. dollar lost 84 percent of its value.' This inflation had the same effect as a tax on all who hold the currency. As we explore later, inflation as revenue option will be largely foreclosed by the emergence of cybermoney.

New technologies will allow the holders of

wealth to bypass the national monopolies that have issued and regulated money in the modern period.”

It’s taunting me

“I know of no more encouraging fact than the unquestionable ability of man to elevate his life by conscious endeavor.” - Henry David Thoreau

Getting a zap gets the blood flowing, Thanks anon

And people say bitcoin is hard to understand