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volition
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Life is the standard by which to judge good and evil | Objectivist

It depends if you live in a society that respects property rights of the individual.

If the case it does respect property rights, you would likely hold the property long term, protected by the authorities.

If you found it was trending away from this, then you may well sell the property for Bitcoin before the government seized it.

Further on this idea, in a capitalist system people have the confidence to even enter 99 year contracts, certain the authorities will protect their rights.

A = A

“To exist is to be something, as distinguished from the nothing of non-existence, it is to be an entity of a specific nature made of specific attributes. Centuries ago, the man who was—no matter what his errors—the greatest of your philosophers, has stated the formula defining the concept of existence and the rule of all knowledge: A is A. A thing is itself. You have never grasped the meaning of his statement. I am here to complete it: Existence is Identity, Consciousness is Identification.”

Galt’s speech

If currency is subject to market demand and supply, such as Bitcoin, then these FOMC deliberations are not required as the market will decide the price to balance it.

Currencies should be competitive, not monopolized by the central bank.

https://www.federalreserve.gov/monetarypolicy/fomcminutes20230726.htm

The government is too altruistic to be efficient. This will create a downward spiral unfortunately.

Because everyone knows they aren’t the actual racist ones. Disturbing.

It’s not gold or fiat I fear, it’s government infringement of individual rights and intervention in the economy by force.

An individual should be free to decide what they use for exchange, and perhaps someone will be willing to trade with them. Of course in this scenario, things such as gold, Bitcoin, or a disciplined fiat may well work.

No, the government monopoly on currency (via the FED in the US) must end, an ideological Marxist situation.

The US should have never supported Ukraine to this degree and should stop now, noting there was no formal security alliance.

End support now and stop bleeding the US and weakening the West for no strategic goal.

New Taipei City, Taiwan 🇹🇼

GM. Visitor from outside.

“Large volcanic eruptions cause the climate to cool because sulfur dioxide is typically emitted into the atmosphere. But Tonga is different because the underwater caldera shot 146 metric megatons of water into the stratosphere, potentially contributing to atmospheric warming over the next five years.”

https://www.zerohedge.com/weather/tonga-volcano-eruption-set-warm-earth