Yes, Bitcoin will probably make you rich, but it’s real value is in lowering your time preference so you don’t want that luxurious lifestyle anymore anyway.
Wealth is intimately tied to access to scarcity.
This is why gold was money. But in the second half of the twentieth century, due to capital controls and the fiat standard, gold became more difficult to access. Therefore, anyone trying to preserve their wealth had to access scarcity in other ways.
The scarcity that the last few generations relied on was job scarcity. Wealthy people in these generations worked in fields that are artificially restricted in supply (lawyers, doctors primarily). To obtain these jobs, you have to be accepted to highly competitive schools and take on a lot of debt. Due to these artificial constraints, supply is reduced, and salaries are higher. These lawyers/doctors are telling their children to do the same because job scarcity is the best scarcity they know of. Because gold was largely off the table and bitcoin didn’t exist yet, a highly specialized job was just about the scarcest thing you could get your hands.
This is advice for the 20th century, not the 21st century. We have bitcoin now - the scarcest thing in human history.
There is no singular “market.” There are only individuals acting in their own self-interest. In aggregate, these individuals’ preferences form supply and demand curves.
Proposals to regulate the “free market” are, by definition, proposals to override the will of the people.
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This explains more about the bitcoiner/no-coiner divide than anything else.
This is why the S&P is flat when denominated in gold.
And when it’s denominated in BTC? Well… they don’t want want to talk about that.
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Can you post the rest of the results? We can only see the ones that begin with I in the legend.
If I meet my future great-grandchildren and never get divorced, my life will be more than a success.
Fiat gives the government a back door into your savings
A sick man would forfeit all of his sats for a few more days
It’s always interesting to watch leading voices for big government be pressed. Every time, for some reason, I expect them to have some counterpoint that I hadn’t thought of. But they never do.
Yeah but surely it’s different this time, right? 🤡
I would rather have more children and less bitcoin than more bitcoin and fewer children.
The experts told us Trump was a Russian agent. The experts told us that two weeks of lockdowns would slow the spread of COVID. The experts told us that Ukraine would defeat Russia.
And now the experts are telling us we need to bomb Iran and if you ask any questions, you hate America? Got it. 🫡
“Yes, the public utilities companies failed, but it’s because you ate too much meat and don’t have an electric vehicle!”
If you are a statist bitcoin, you either don’t understand the State or you don’t understand Bitcoin.
Almost 20 years ago and nothing has changed and everything this man said has been proven true over and over again.
“We bomb them endlessly and then wonder why they are mad at us.”
It’s funny, I’ve had a few friends and family members who are legitimately concerned now that we could be in danger. That “what if we get bombed?”
And all I can think is that entire generations in the Middle East have grown up with this fear as a permanent part of their lives. They never knew a time, in a dozen countries, in which they didn’t have to wonder “what if we get bombed?”
What do you think that does to a culture? What do you think that does to their view of the west and Israel? After 50 years how could you *not* think that the US deserved to be destroyed? What else do they even know?
None of this is confusing. These are the stupidly obvious and self evident results of the bullshit our govts have been engaged in.
https://blossom.primal.net/7d794799b5234ce5fd4bb1e6e1ccff11928b355c9b7189bad51454dc1bcc3488.mp4
Rule of thumb: if someone is booed by the major political party donors, you should start listening to that soomeone
Every politician that is paid with stolen money called taxes (all of them) is a thief.
Every politician that pushes for wars (most of them) is a murderer.
They lied about Libya. They lied about Iraq. They lied about Afghanistan. They lied about Syria.
But surely they’re telling the truth about Iran, right?
