#Money is speech. #Bitcoin is free speech, partly because you don't need permission to talk on its network, partly because you can't get shouted down by fiat issuers.
Plus, short term speculation and arbitrage breed efficient pricing.
They're custodial simpletons, they don't understand the universe yet. They're curious enough to get in on exposure to it but not enough to dive into the software and the understanding of it, into true ownership. Some of them will learn.
Welcome to the all-bitcoin gang!! It's the superior money after all. Ethereum is an experiment in cryptographic securities; Bitcoin Liquid already offers these, and smart contracts on lower layers should not be Turing complete. You're not gonna be missing out on anything truly useful. All the good stuff comes to Bitcoin sooner or later. And the store of value was always there from the beginning.
*more people* have finally woken up. Some were always there, and many more have yet to realize what's going on.
An excellent point, though I do not think agnosticism is the only rational choice in light of it. This is something I felt deeply for as long as I can remember: the way that people infantilize God when they proclaim to believe in Him and yet restrict the concept to a narrow definition on a whim.
Like literally his whole career, it'll be hit and miss.
Live for avoiding taxes. Now that's a damn mission to devote yourself to!!
reason.com: FDA Recalls 80,000 Pounds of Costco Butter Over Missing Milk Allergy Warning -- https://tinyurl.com/28y28hdr -- Apparently consumers are too stupid to know that butter contains milk. #liberty #news
Wowwwwwww
#Bitcoin a truly monumental feat of computer science, game theory, economics, and the ethical consideration Satoshi made of walking away and sacrificing control of his coins and of the project. It culminated in a global system of rules without rulers, and it continues to grow, will grow, forever. It will persist because anarchy is the only form of governance that is truly sustainable and truly strong. It is antifragile. It adapts to every challenge, a complex adaptive system of immense value to mankind, on the individual level.
That is in short why it will stay with humanity, and perhaps with human-made androids a la NieR Automata, for many millennia. Side note, kudos to that game for incorporating mechanics where the player has to economize computational resources as well as money within a market for chips, legit the best upgrade mechanic of any game.
GM
Assholes. Their resistance of free markets is futile.
Cannot wait for this fuckhead to eat shit. Criminal scumbag arbitrarily pulling numbers out of his ass. Vaccines, great, great. Don't force them, don't force us to close shops, don't lie and claim you know better than anyone else about random goddamn numbers. And don't act like you didn't fund and oversee the very lab where the thing broke out, my God.
It further puzzles me that the protestors have absolutely no clue how to make those things better. Hint: bitcoin and the free markets it will enable.
mises.org: Wanted: Critics of Austrian Economics -- https://tinyurl.com/2b568tuj -- Austrian economics today needs critics. It doesn‘t need the critics (like Paul Krugman) who cannot give valid and accurate criticisms, but rather people who actually understand the concepts upon which Austrian thinking is built provide a real challenge. #liberty #news
Ooooh I could critique it! I have thoughts on time preference and value scales and whatnot. I really should start posting to Mises Wire or something. Been preoccupied lately but I've been wanting to start writing and offering ideas.
With price instability there is literally no way a circular economy can happen. The absence of a Bitcoin circular economy is not due to laziness or evil forces. Any business trying to operate on Bitcoin will fail on short notice.
Fiat exists so that the supply of money can grow and shrink according to the size of the economy, matching the products and services on offer, keeping prices stable.
Btw nostr:nprofile1qqs99d9qw67th0wr5xh05de4s9k0wjvnkxudkgptq8yg83vtulad30gpzpmhxue69uhkummnw3ezumrpdejqz9thwden5te0dp5hxapwdehhxarj9ekxzmnyqyv8wumn8ghj7un9d3shjtnwdaehw6r9wfjjucm0d5eechmk how are the wet wipes going.
Bitcoin will stabilize as it reaches market completeness and as it reaches greater and greater swaths of liquidity. We're extremely early. In the future it will fluctuate like gold did in regions and times when there was free banking.