got it! but can you tell me how there's an improved morals and an expansion our financial consciousness if we replace the group who invented the money printing central banks with the group who "bought early" (creating the demand for mining more bitcoin) ? Isn't the same speculative thinking and the will to power over others?
I think that resembles communism, house, food and transport is 75% of the average person and for the majority is the real goal in life. A fair UBI would reflect how much you contributed with your existence to the overall economy and that can only be your life. It is normal for a 18 y.o person to get a XX UBI while a 36 y.o person to get a 2x XX amount as the contributions are different. Also, the taxation should reflect the amount of consumption from the natural resources of each individual. For instance, a 18yo guy might be taxed way less than a 36 y.o guy who lives a luxurious life...
Either way, the totality of our time on Earth is finite and "inflation" comes only if the population is growing thus more production and consumption.
#Cantillion Effect on #bitcoin.
Cantillion said that "the closer you are to the newly created money, the less inflation you get on the price of goods and services which allows you to buy more and cheaper. By the time those goods & services reach the masses, the real end-user, they have been subjected to the inflation caused by the aquisition of those goods by the wealthy class.
So...if you bought #BTC at $60000 it is because there were "a few" who spotted the opportunity when it was $1000 and bought just to sell it further to you more expensive.
However, thee real #Cantillion Effect was when those who bought #bitcoin for less than $1 sold it for $1000 to those who thought they were "early adopters" of a new tech.
Now, who are those who "bought cheap" at $1/BTC ? Let's discuss!
an "united group" will always tend to control the rest, it's human nature and I don't think that the group controlling the biggest stake of bitcoin is a well-indended group because power corrupts.
an UBI based on fiat system will lead to more currency depreciation and inflation which in exchange will ruin the lives of its beneficiaries. we've seen this with the current social security allowences.
can you detail your disagreement? as far as I know, the ownership of bitcoin is rather polarized which is normal for ANY new innovation, first it is adopted and controlled by a few then it goes mainstream or am I wrong saying that the average peasant in the UK never had a chance to become an owner of a railway or of a train?
An #UBI for everyone might sound good for the masses but an UBI in the CURRENT fiat system is nothing but #dependency and #slavery.
An UBI should be given as an alternative currency to fiat money, equally distributed and correlated to the only finite resource a human has which is #time.
The problem with #bitcoin is that it is already unequally distributed with a few owning a big chunk and the rest owning small portions.
Each crisis is an opportunity to rearrange things but if we rearrange them starting from the same principle of fiat money, the only real change will be the group who leads the destiny of the majority.
The only finite resource we have is our time, this should be the real currency of the world.
Generally speaking, those concerned with free speech today are the late Millennials ('80-'85) and Gen X ('64-80). Any person younger than that is a miracle!
When we discuss Brazil's ban on X we often forget that Rumble is forbidden in France and that the EU banned Russia Today channel across all the European countries.
We live in a wealthocracy. It doesn't matter who you are but who supports you and pushes you in the background.
"The rich rules over the poor, and the borrower is the slave of the lender."
Proverbs 22:7 #debt
People use a privacy screen foil for their phone for the others around not to see what they are doing on their phone but they have no problem when the State or the Corporations do exactly that with their data.
How can you censor a nostr relay?
If you think that censoring the internet is impossible, remember that China has been doing it for years with the Great Chinese Internet Firewall.
It all starts with the ISPs! the internet might be decentralized but accessing it is still very centralized.
We need to find ways to access the internet without an ISP... #Brazil
Economic colonisation 101
Case 1:
"RoBisque" makes 🥨 and it uses flour from 🇷🇴, salt from 🇷🇴, labour from 🇷🇴 and sells cheap in 🇷🇴, profit goes to 🇷🇴
Case 2:
"Nestle Bisque" makes 🥨 with flour from 🇺🇦, salt from 🇪🇺, labour from 🇷🇴 sells expensive in 🇪🇺 profit goes to 🇪🇺
Question: In which case the money produced in the activity of pretzels production remains in one country to be redestributed in the local economy?