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FreeYoda
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Freedom, Bitcoin, finance, Government, taxes, I DON'T WANT TO BE ZAPPED !

Ok but that goes for those participating, right now still early adopters ?

And only to those actually active trading in the time frame you are interested in with no clue of who that small subset is arlt any given time interval, or just some unusable average over a very long period ?

Or do you do have more insights?

Interesting observation.

But that would also mean the mix of all different emotions would make any sane conclusion impossible?

Can you tell me what all combined emotions right now say to you ?

Most agree being an infant is nice.

But growing up is the goal isn't it ?

That doesn't mean all aspect of growing up are nice.

Exactly this.

I see many posts where people expect #Bitcoin to solve things that can't or shouldn't be solved by Money.

It gets tired because first you have to explain their issue is not to be solved by Money.

Next phase is often that they argue #Bitcoin is not good enough for some aspect, like privacy, anonymity, and fungibility, to just name 3 randomly 😇.

And then I have to explain that those have a downside and thus don't have to be perfect when implemented perfectly.

It becomes a function of how much these aspects are needed versus the need of the aspects they conflict with !

And probably are person specific.

Luckily most turn toxic by that time.

Since the follow up after that gets even more complex and costs me even more time to explain 🤣

Replying to Avatar Ghost of Truth

Germany’s Auto Sector Sputters as Defense Industry Roars to Life

Germany is steering away from its storied car manufacturing legacy and barreling into a new era of military credit-based (of course) spending. I don't want to refer to Germany's fatal history in the first half of the 20th century at this point as the pointe writes itself: same players, same story telling, same enemy, same reaction as state propaganda now is running 24/7: Russia Russia Russia - we finally found the scapegoat to lever up our debt and pump european credit into orbit.

https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/6d85104772a1c557957f14ef9a53b9098f6bbc0d96c02a49b157f63b326aaf5e.webp

Meanwhile the bond market says 'no' to Madame Fatale Europe and is selling the hell out of EU bonds while London's and Swisse's Gold is escaping like always if there's danger in the air toward the save haven no.1: the US.

Back to the war-inspired protagonists on the old continent (does it have dementia? Are they going full Biden alltogether?). As the continent braces for an unprecedented rearmament push, defense titans are siphoning talent and resources from a crumbling automotive sector, betting big on tanks and missiles over sedans and SUVs.

Rheinmetall, a heavyweight in the arms game, has begun a bold pivot, converting two shuttered auto parts plants into sprawling hubs for weapons production. Meanwhile, sensor specialist Hensoldt has poached 200 skilled workers from the beleaguered ranks of Bosch and Continental, both reeling from a brutal market downturn. The moves signal a stark reality: the skills that once powered Germany’s carmaking juggernaut are now being redeployed to forge instruments of war. Producing military goods with made-up fiat credit will only grow two things: inflation and the public debt trap that now comes into sight, even if You're ideologically a blind rent seeker.

EU 'leaders' now rally behind a colossal €800 billion military spending blueprint, with Germany’s freshly minted government earmarking a staggering €500 billion to bolster its defenses. The cash infusion has sent defense stocks skyrocketing, while the auto industry—once the bedrock of Germany’s economy—languishes in a ditch. The grim irony: as car production stalls, the machinery of conflict may just be the spark to reignite Germany’s economic engine. Back to the good ol' days, huh?

You may ask Yourself: Can a nation so deeply rooted in precision engineering and consumer exports thrive by trading assembly lines for battle lines? I would give it a clear 'NGMI'! For now, Germany’s industrial giants seem ready to roll the dice, wagering that the future lies not in horsepower, but in firepower. For now.

Germany, and by extension the EU, is doubling down on a classic Keynesian playbook—pumping debt-fueled state demand into the economy to paper over a self-inflicted structural slump and productivity malaise. But leaning on the old crutch of the arms industry as a lifeline won’t deliver salvation. What’s left in the wake will likely be towering debt piles, a hollowed-out private sector, and a market littered with goods consumers didn’t ask for and won’t buy.

Source: Reuters

#Germany #Economy #Defense #AutoIndustry #EU #bitcoin #nostr #MilitarySpending #Rheinmetall #KeynesianTrap #Euro #News #ukraine #usa

Anyone out there who actually thinks this is ALL by accident...

🤪😱🤦🤷‍♂️

It is the same with Privacy.

One given away it is usually very hard to impossible to get back.

So better think hard about it.

It also means you, possibly, serious restrict yourself if you over do it....

Who said life wasn't fun ?

There seem to be two extremes:

1) Governments should not own #Bitcoin

2) Relying on Governments for #Bitcoin to succeed.

I think both are wrong.

#Bitcoin is money.

Money can fix a lot, but I'm pretty sure it won't fix all human imperfections.......

A first thought could be Government shouldn't own #Bitcoin.

But if we or the protocol can prevent that, it means it can also be used to restrict others.

And I think at some point a psychopath will get into power to abuse it against us.

So it is either free to be used by anyone or not.

Decentralized and free to be used by anyone are some of the key properties of sound money.

Yes it is not a new 'dream' for me.

It started as a dream of being selfsustaining and free.

But soon I realized it is:

Expensive

Lots of rules, and obligations (like maintenance, border issues, harbor fees, shopping troubles, stuff breaking down, having to know everything, etc).

Nevertheless it is a dream I want to give a shot.

I know there will be things that are hard.

But not giving it a try is not an option right now.

Usually people with your arguments cone up with Monero.

Next it is the only alt coin worth discussing because it think it is not an outright scam, but most seduced by it don't understand the properties they have so high valued.

So it is worth to try e plain.

Unfortunately there is a very active and toxic Monero fans base that makes discussing it impossible.

That should trigger most.

The only reason government doesn't have Monero is because they don't want it, since it has no relevance.

The don't want it, not if they could confiscate it (get it for free) and even less if they have to pay for it.

It is not relevant.

Stop pretending it is !

You are mixing up so many convictions without having them thought out yourself.

Yes Monero provides more privacy, in fact too much.

And still that won't protect anyone from the government violence monopoly.

You can do some thinking for yourself or just stick with Monero if you are content.

No problem.

Gold, last audit 51 years ago, next audit unknown and outcome hard/not to verify.

Bitcoin, last audit on average 10 minutes ago, next audit on average in 10 minutes and verifiable by everyone with some $200 hw investment.

😁

Now imagine the panic with those in line for #Bitcoin at $1 million 🤪