They aren’t supposed to. By law.
I’m saying the dems will cause feds to open spigots for a good economy and they’ll try to trash the economy for Trump.
Prediction: if Trump wins, Fed liquidity will be low and bitcoin regulation will be clear. If Com-Me-La Ha-Ris wins, liquidity will be high but so will lawfare against bitcoin.
I highly recommend this book for kids and adults alike: Bitcoin Money: A Tale of Bitville Discovering Good Money https://a.co/d/5a6iy7R
Life is too short for games. Multiple times a week, I’m to first to discover someone who is dying unexpectedly. I honestly think the world would be a better place if more people would ask themselves “what if they/I am dying” before speaking or acting.
Exactly. Eventually we’ll all use ASICS to heat our water, even if energy is free because the conversion is so efficient.
Been hodling since before the famous post that coined the term. I haven’t been perfectly wise but I haven’t been perfectly unwise either. The biggest lesson I’ve learned while watching bitcoin price grow from 10¢ to $50,000+ is this: don’t quit your day job, get a better one. Meaningful work is a blessing and being able to choose where and how you work will be possible in time with the security bitcoin brings. Conversely, an unnaturally early retirement is more curse than blessing…very frequently works out poorly.
In a credit based fiat system, they can have as many financial crises as they’d like as long as economy keeps growing. They can paper over any mistake and let economic growth happen over time to correct for the money printing. It’s all a question of balance. Works best with increasing populations with ever increasing worker productivity.
Gold won’t fix this. Will help protect wealth but as money printer goes brrrr more gold will eventually be mined in proportion.
Bitcoin doesn’t care what its price is. This makes it unique in the history of things that satisfy the properties required of money (divisible, transferable, portable, verifiable, fungible, and scarce)…bitcoin is a new weapon against the money printer and the truth is nobody knows exactly what will happen, but there has never before been a better tool in the tool box available to regular people than bitcoin.
And my day with breast cancer cases will be over soon…I know we all talk about bitcoin bitties here but take the other kind seriously. They’re dangerous in more ways than one.
Many people forget how lethal governments are. Roughly 100 million citizens have been killed by their governments since 1900, all following society wide civilian disarmament. Hitler, Mao, Stalin, Khmer Rouge, etc…
Everyone gets hung up on this right left nonsense. The real spectrum is libertarian vs. authoritarian. Individuals either have a natural right to life liberty and property or they are mere property of the state.
This is why I have many guns of many different types.
Yeah, that’s what I keep trying to tell myself too.
Getting in to bed after the busy part of call night is over. Love seeing my #coinkite #blockclocks dutifully and reliably displaying the info set I’ve asked them to show me. Well done nostr:npub132ertlsrunh600cph2au55ssmel2cqdt5mnrpxfand5ych4nmp8q50zmdh et al!
I’m a huge believer that markets and property rights are crucial to allowing peaceful society to exist. But ironically, I don’t think there is a peaceful way to start this process.
For example: America was taken by force from natives who took it by force from prior inhabitants. Israel was created by western nations post WW2 without (much) regard to rights of the tribes inhabiting the land pre-1948. I wish we could have a better basis for peaceful society other than murdering everyone who got there first.
But now we have incentivized use of force to claim natural resources.
Grateful for the bitcoin sale!
I suppose if nobody owned the lake, I could appoint myself as its owner and be angry with you for stealing my water.
And you can get zapped on nostr…like real internet money :)
True story. Bitcoin is the first non-kinetic method of ensuring certain rules get followed without use of force on humans. Violence is, in Lowery’s view, merely the actions necessary to ensure the chosen rules for any system/domain are followed.