Avatar
Kane McGukin
8cbda4ca1b48a2e6a40da6191efb0e4c7e782d18a1889fffa420e1d29068acd3
#Bitcoin + Monetary Innovation. My opinions are my own and not financial advice. Navigating Bitcoin’s Noise 🎙️http://apple.co/3wFbiiq

Hmmmm. Feedback must have been that people were seeking Truth!

#Bitcoin = debit card transaction

#USD = credit card transaction

Few understand the severity of the #habits we must undo.

Replying to Avatar jimmysong

On BitBoy and Moral Degeneracy

---------------------------------

BitBoy was arrested after his Lamborghini was stolen, an event he even live-streamed while confronting the thief. Ironically, a person who has been accused of defrauding others was indignant when he himself became a theft victim. But this is not just an isolated event; it shines a spotlight on a wider issue of ethical decline.

Individuals who willingly defraud others lose all sense of justice when they themselves are wronged. This mindset echoes socialist ideologies that champion the idea of seizing property—unless, of course, it's their property that's in jeopardy.

Double standards have become the norm, especially in politics. Some people, whether due to their minority status or alignment with popular political stances, are given a pass for unethical conduct. Meanwhile, others face public scorn for lesser offenses. This normalization of double standards paves the way for bad behavior, as exemplified by BitBoy.

But let's be clear: BitBoy is far from being the worst offender; he's simply the most visible one. This cycle of deceit, fraud, and theft will persist until we start stigmatizing moral decay. And that will only happen when our leaders stop getting away with their own moral lapses, which unfortunately are way too frequent under fiat money. They can and do abuse their position for personal gain, stealing from everyone else in the process. As long as the temptation of stealing from everyone else is there, and easily obscured by talk of "greedy corporations" and "perfect storm" of "unexpected circumstances" we're going to just see this moral degeneracy continue.

The way to stop this is not reform, but a different financial system that doesn't have so many holes. Bitcoin, as you might expect, is that system.

Fiat delenda est.

Broken morals lead to broken money.

Fix the morals, fix the money.

Owning #Bitcoin for the idea that it will moon or go to $1,000,000 per coin is a fiat maxi mindset.

Fiat-🧠 is hard to get rid of.

The two charts on the right from JPM's 3Q guide to the markets say everything you need to know.

Weight and Earnings contribution can't be going in opposite directions...

The $GME saga was a ⚠️.

As excessive liquidity has spread, chicanery is being used across many derivatives markets…

With little understanding of the calamity it can cause.

Peruvian Bull nailed it w/ his video

https://www.youtube.com/watch?v=0WarjNUN3tk

& nostr:npub1qw6e8meaj5gzk49alamh9qf35lpmml5sq7ctjtxhcjk55qppmcjs0j2v52 / nostr:npub17yrkx9wexckpnjklhnd96h4gvqljums6hrlvlqujmheu9tn669ts9xplct w/ his comments on the Tsy mkt from the BIS…

https://t.co/GsIB5RDuwV

Enjoyed a recent 🎙️ with Eric Yakes. He has interesting views and a good🧠 when it comes to monetary evolution.

EP49 - https://podcasts.apple.com/us/podcast/navigating-bitcoins-noise/id1583424361?i=1000629092096

🛠️ Building the #BTC  ecosystem

🏦 Centralization & tradeoffs w/ custody models

🛜 Bitcoin rails + Free banking + FinTech

There is a very specific reason for an almost even division.

As long as the people evenly divide, they never notice the real enemy.

Nor will we be smart enough to put down our differences, coalesce and takeover the boss.

The powers that be know this.

The powers that be abuse this.

The powers that be play on the deeply specific details that internet traffic and media clicks & shares provide.

The data is what tells the powers thst be where they can win and how to distract. It has never been easier in the history of man to play the puppet master.

80+ years of psychological studies are now happening in real-time with info being updated by the second from every keyboard and mobile device on earth. It’s stored and studied. Rehashed and reused to heard the sheep across the vast lands.

Until we the people stop feeding the beast it will remain in control.

Until we the people decide to seek the truth. To understand the truth. We will always be on one side or the other of a never ending battle.

We will always play their game until we decide to opt out and play our own.

Watched as 2020 was unfolding. It was so foretelling to current times.

Spot on.

While I believe in the thesis, I don’t believe that’s truly possible because every form of money we’ve ever known has been captured.

Political & Institutional capture is underway and nation states and elites with endless funding are likely are already big owners and we know that humans become greedy and bend a knee at the first sign of riches.