The BRICS gold backed currency is doomed to failure. Europe showed us that you can’t have a truly common currency without integrated finances. Eventually you have countries like Greece and Italy who don’t play by the rules, thereby unbalancing the system.
In a BRICS system, if countries are allowed to issue currency, they will have an incentive to cheat, to issue more currency than they can back with deliverable gold.
If most countries are not allowed to issue currency, then the benefits will accrue to those that can, creating rifts in the bloc.
They don’t really want a gold backed currency… they just want to exit the dollar and have hard money. Eventually they’ll figure it out. #bitcoin
I agree that they’re going to push for digital IDs and mobility restrictions.
It could be by using another disease but they seem to also be exploring forcing digital IDs using access to government services, carbon scores, universal basic income, and internet access.
None of these seem as “good” as using COVID. COVID was a good one because it forced registration and people accepted the quarantines and travel restrictions. Malaria doesn’t seem as good because it’s not transmitted person to person.
Vaccines these days seem to cause the birth rate to decline. They could be just using it for that purpose.
They know they’re losing decentralization, but they don’t care.
https://nitter.net/DylanLeClair_/status/1676620650620899336#m
Did Twitter just unlock profiles if you’re not signed in? Nitter seems to be working again.
What we can learn from Ethereum is what not to do. Dude, keep on “innovating” and centralizing. It’s fun to watch. 🍿
It’s just evil. We just need to stick together in a tight community and keep this insanity “outside our borders”.
Yes, I agree that bitcoin’s privacy is inferior to Monero’s.
My sole objective is to throw my efforts and capital behind the chain best able to rip money out of the control of states. To me, that is the only thing that matters and everything else is a potential distraction.
Our need for privacy right now is high because nations are strong, because they control money. If they didn’t control money, governments will be smaller and we would live more freely. IMHO, people won’t be free, even if they use monero, if states still control money like they do today.
You can see that bitcoin is already working its way into the financial system, like a virus. Setting up to be the global reserve asset. Yes, many people will be trapped because of their inability to use the higher layer privacy capabilities, but my highest priority is the removal of state control over money, not privacy for everyone.
I believe that ASICs increase the barrier to attack the network. Yes, the US could grab all of the ASICs in its jurisdiction, but it could also grab all the CPUs in the cloud providers. I would bet the US’ share of worldwide CPUs is greater than share of ASICs.
So glad to be on this ride with y’all 🚀
I appreciate monero’s approach to privacy but I’m all in on bitcoin because I believe bitcoin is the world’s best chance to “fix the money”.
IMHO Bitcoin’s lack of privacy on the base chain may actually be a feature not a bug. It makes it easier to audit than monero, thereby increasing the level of trust.
To gain global adoption, bitcoin needs to be the most decentralized and trustworthy chain. Only the most decentralized has a chance of surviving. Only the most trustworthy has the chance of gaining global adoption.
All other features can be built on higher layers.
For example, I wonder how privacy would compare between using monero, and sending bitcoin round-trip through Liquid + Lightning, or using payjoin, coinjoin, etc.
A Trump + Kennedy ticket in 2024? 🤔
NYT ran a story about The Fourth Turning.
https://www.nytimes.com/2023/07/08/style/fourth-turning-pop-culture.html
Basically, the book came along in the 1990s and said there would be a big crisis in the late 2000s, and then the 2010s-2020s would have a lot of similarities to the 1930s and 1940s for various qualitative/generational/cyclical reasons.
Normally I'm not really into that sort of qualitative/cyclical analysis, but when I'm sitting around making all sorts of quantitative charts that turn out like this:
Then I'm like:
Repetitive storylines are how we know we live in the matrix.
✅ Truth is being spoken openly
❌ YouTube is still actively censoring this video).
I must say, there is a certain symmetry to France, being one of the worst colonizers, now being colonized by the people it oppressed.
Karma sucks when you’ve been bad
My latest piece about CBDCs on Zerohedge…
https://www.zerohedge.com/crypto/bis-cbdc-roll-outs-may-require-changing-constitution
Reading this, I’m starting to get the impression that the globalists have jumped the shark. It’s a caricature of some evil villain plan, like out of Austin Powers, or something.
I can’t see them pushing this through in the 🇺🇸. The bankers and wealthy seem like they call the political shots and would push back if this CBDC scheme applies to them.
The best these Dr Evil wannabes can do is to force the poor to accept it for their universal income payments. As usual, the poor will be the ones to be screwed.
Fantastic read for a great macro perspective. nostr:note1qt3s0x0a8epnuekxqtktj0wj9wp56p6tr7nkucp4dmux0nyv657sdj2u9v
All Canadians should read this. Pay close attention.
https://www.ourcommons.ca/DocumentViewer/en/44-1/INDU/report-15
Canada seems to be a socialist country in decline. Transportation, healthcare, education, vast and increasing public and private debt. Falling standard of living. A govt set on attacking farmers and the natural resources industry. Ten thousand people killed last year by government assisted suicide.
I hope Canadians have a plan b.