5d
Sandor Clegane
5d8e79cb79e3932be4d7fc1cb55c42fc83cde88f67c3d62c8498218dd570b387

We used to have a place for people like that author, it was called a mental asylum... πŸ˜‚

Make Asylums Great Again. 🀣

Replying to Avatar BankSith

β€œIt is better to have a job than protected savings.” -C. Lagarde

In a recent paper, the European Central Bank asserted that Bitcoin functions as an unfair savings mechanism. This assertion is not surprising, especially considering past remarks by the ECB President.

In an earlier video, Lagarde highlighted the priority of maintaining employment over safeguarding savings. She expressed her support for the monetary policies of her predecessors, which focused on fostering economic growth and employment, even if it meant potentially lower returns for savers.

This viewpoint aligns with the ECB's current position on #Bitcoin. The central bank appears to regard personal savings as secondary to its broader macroeconomic goals. By labeling Bitcoin as unfair, the ECB is essentially suggesting that a decentralized, non-government-controlled savings option undermines its ability to manage the monetary system in pursuit of employment and growth.

What the ECB seems to overlook is that Bitcoin provides individuals with a means to preserve the value of their hard-earned savings, independent of central planning commissioners. By criticizing this, the ECB is revealing its preference for maintaining its own power and influence over the financial independence of citizens. In the end, the ECB's opposition to Bitcoin appears to stem more from a desire to safeguard its monetary authority than from any genuine concern for fairness or the public good.

Blocktime: 866 955

v/byte price: 20 sat/vByte

Hash Rate: 671.44 EH/s

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#asknostr #nostr πŸ’œ https://video.nostr.build/9d7843de81f406ce316659cee4d5d9457203614a59d059ffa55bac70287cdac4.mp4

Thieves protecting their theft racket, who knew... 🀣

Good practice for later, definitely don't want to be giving away a position when it all goes to shit. πŸ˜‚

Yeah but it's only the other slaves coming. πŸ˜‚ You can beat them with the old shoot (transmit) & scoot method. πŸ˜‚

Ah but can he get them up to the same speed the other places are at. πŸ˜‚

Fast Food my ass, it ain't food & it ain't fast. 🀣

Heh, the Indonesians don't seem to care about licenses, just have a listen on 40m every night. πŸ˜‚