Life, liberty, and the pursuit of happiness.
Because even amongst these men there were tyrants…these tyrants could not permit life, liberty, and property. Or something about the right to engage in commerce. The right to trade work for money, goods, or services.
The founding fathers had a bad side.
It’s all war. Everywhere. All around you. You just can’t see it because you do not know how to look.
Think you own stocks? You do not. You haven’t for a long time now (at least a decade). The laws for determining who owns what when brokers, custodians, security clearing corporations, etc go bankrupt have been thoroughly hashed out since 2008.
And guess what? You’re at the bottom of the food chain. You didn’t really think that just because you used your post tax income to buy a stock that this meant you owned the shares you paid for, did you?
I wish I was shitting you. I guarantee you this will be soon called a conspiracy theory: https://youtu.be/Qwo8x_l2Y_k?si=edgIShQiD4pJW9Ah
Amen and amen. The uniform commercial code and federal code have been cleverly rewritten to solve what is fundamentally a record keeping issue: too many securities trades to manage with paper certificates. Too complex for standard databases. Ownership has been replaced by a chain of liabilities with limits on how much liability any counterparty can accept as a function of its assets.
We’ve replaced ownership with musical chairs. And corporations have designed laws to make sure they will never not have a chair. This is not capitalism. This is fraud, which marxists argue is the inevitable end stage of capitalism. Instead of fighting crime, though, marxists insist on authoritarianism to remove all capitalistic elements from society. Which is as bad as fraud.
If it’s really true 10 million people have crossed the imaginary US line in the sand in the last four years without declaring themselves, and if it is true our federal government is promoting this or neglecting to enforce laws to curb this, this should tell you something: the real problem is far far far worse than you realize.
But what is the problem? This is the real question.
Currency devaluation is coming. To all currencies.
You have two options:
1) acquire debt to buy either stuff or bitcoin or assets and hope not too many people follow your lead (because they’ll make currency scarce if everyone pulls this trick)
-or-
2) buy bitcoin or assets without leverage.
It should be telling that they gotta bribe people like me with a 38% tax break to get me into their indirect/beneficial ownership system (which guarantees fewer property rights than unqualified ownership).
In short, people who own stocks, bonds, and gold etf as well as bitcoin etf shares don’t actually own them. See https://youtu.be/1GHXe0PbNG4?si=swHkNrQhejoBQpbN
True. But this doesn’t preclude anyone from trying…just from making money off of it.
Agree it is a future rug pull. But it’s good in the sense you get an instant 38% return on your retirement investment…you see, for tax sheltered retirement accounts, you don’t pay tax on what you allowed to shelter. It’s roughly $25,000 for someone my age…so it’s not like it’s a ton of tax free money.
Self custody is the only way, imho, for amounts above the tax free limit.
It’s about favorable tax treatment. For those with tax sheltered retirement accounts, they are forbidden by law from having custody of the investment itself. If you forgo the tax break, then self custody is the only way that makes sense. But it’s hard to turn up one’s nose at 38% off.
You see what you are programmed to see.
Example: when you first heard about bitcoin, you had some visceral rejection response initially.
Central bankers see bitcoin and call it a house of cards and perennially predict it will crash. Why? This is what they know. It’s their profession: running a house of cards.
Has anyone been following the etf thing closely?
BITB seems to be best choice: on chain transparency and lowest non-intro fee. Am I missing anything from a retail perspective?
Maybe…there are millions of compounds to test.
Don’t quit your job. Keep buying bitcoin. I want less coins for the rich and more for the people who do the work the world needs to run.
My point is that just because the compound isn’t patentable, that doesn’t preclude making billions of dollars off of it.
In short, there’s a multibillion dollar payoff for anyone correctly betting that it works.
Easy.
Step 1) outlaw sale of bitcoin to anyone other than government
Step 2) demand all sales of bitcoin be completed by a certain date
Step 3) declare any unsold bitcoin held by us citizens property of US government
Step 4) theft from US government is a crime that will follow you everyone around the globe…merely leaving US isn’t protection against prosecution for selling stolen government property
You are correct that this doesn’t guarantee they’ll get my bitcoin. But it does guarantee the exchange rate to the US dollar temporarily collapses.
Will it make bitcoin held outside the US to increase in value? I doubt immediately that it would.
The only way to refuse to give up your bitcoin is to have an income from conventional sources and be content with the possibility that you’ll have to pass on your bitcoin to your kids and never enjoy the fruits of your investment yourself…such a process could take 40 years or more to play out.
Well, here’s your opportunity to make a billion dollars. Get a method patent on treating cancer with this free substance.
Ever wonder how the US debt can keep growing and always seem unsustainable? The answer is no secret. The United States is marginally less stupid with the money printer than every other currency producing nation.
The game above works well in a world where bitcoin does not exist. Even gold could not tame the beast above.
Bitcoin was designed to eat that beast. Will national security concerns allow the overthrow of the US Constitution and confiscation of personal property such as bitcoin? I guarantee this will be a battle.
I biopsied a friend’s liver that yielded metastatic melanoma. He went the apricot pit route and died at about the expected time. But he was reasonably healthy for the expected 2-3 years and only bed bound for less than a month before death.