Well, it's not the government, in this case.

This is like trying to sell BMWs in a market where the government gives away Trabbies. Even if the BMWs are much better, you can't compete against Trabbies until the Trabbie production completely collapses and the question becomes "BMW vs nothing".

And, now, imagine the Trabbie producer has more Bitcoin than God.

And, now, imagine the Trabbie producer is _also_ producing free BMws.

for now i think the moral capital buildup is doing fine, there will be at least subsistence level results in it once one shops the system around to a few people with running concerns and find users

it's not easy innovating, while VCs and grant NGOs are just exploiting the system

But how to attract an investor, when there is an NGO giving everything away for free?

Back to mud huts, but okay.

Well, with Bitcoin, money is the most valuable thing, so it also completely destroys the will to invest in anything that isn't life-sustaining.

People say, “live in the present moment”, I’m like as opposed to what?

You were this many days old, when you realized that a nonprofit that is financed in Bitcoin has no inherent incentive to spend the money because the money goes up in value, while they sit on it.

Only a profit-driven company has an incentive to actively invest Bitcoin income, as they only pay out the _returns_ on that investment.

#economics #finance #NGOs

The higher #Bitcoin climbs, the harder the coping hits — stay broke or start learning. No one’s coming to save you but you.

Just because it works does not mean it works correctly.

-ChipTuner 2018

Oopsiedoozles, Chainalysis wrongfully attributed almost twice the volume of hacked funds to North Korea than funds it found actually related "upon further investigation"

This software is used to put people in jail

So, just now checking out the Coinbase Loan offering that was being talked up yesterday. Looks like a shit product to me?

Not only do you have meh terms, but you get not one, but two taxable events out of it and they give you their wrapped shitcoin back at the end so you’d need a third to actually get your real BTC back.

Am I off base and reading it wrong?

can't resolve your localhost, for some reason

Sanity check, does my new logo for flotilla look like a penis, or a pregnant woman, or something else? I don't particularly care if it's *good*

This is a perfect example of how people imprison themselves...

The truth is almost exactly the opposite of her claim. Healthy people don't call the other sex trash & would just naturally avoid anyone who does.

But the shittiest guy, the kind who will literally say or do anything to hook up with anyone, won't care at all. So her claim attracts only trash & her biases are confirmed.

People literally build their own personal hell around them