Wake up Neo . . .
Study #bitcoin https://video.nostr.build/ff908315546513c552311f089f81016397a78701c1c38fd4ea99a2d21a6467c5.mp4
Taxation is what gives the currency value. It creates synthetic demand at the point of a gun. The government can't just print without taxing.
Who do we owe the money too?
Satoshi is emailing people?
Looked for 20 minutes. Can't find a copy of the manifesto
Higher rates cause inflation because the government prints to pay the interest.
They have also lowered interest rates significantly.
No such thing as private property. If I stop paying property tax, it won't be long before I find out who owns what. We are renters/managers of the states property.
There is only force and avoidance of force. If I can protect my property with force, then it is my property. If I rely on the force of the state to enforce my "property rights", then it is the property of the state. If I try to protect my property from the state, I will become the next Waco.
Bitcoin solved the impossible contradiction of making something that is intangible and abstract simultaneously scarce.
That is why Bitcoin is the closest thing to private property that has ever existed, because it is so difficult to steal. Afterall, how do you steal an intangible abstraction?
The previous 10,000 years since Mesopotamia will be recategorized as proto civilization as historians look back at the inception of Bitcoin as the birth of private property and civilization itself. Instead of saying "taxes are the price of civilization", people will say "taxes are the seed of barbarism".
People will be shocked that there was ever a time when people would be threatened, at gunpoint, to be thrown into a rape cage just because they didn't want to hand over resources to strangers.
The nation state will dissolve into a curiosity of the past and the festering of nationalism and world war will shrivel up under the light of Bitcoin.
Politics is one of the lowest forms of intellectualism.
Just hodl bitcoin and you will be fixed.
Sure but if it depends on the ranting of ideologues then it will fail. Which is a point the OP seems to me making. Bitcoin depends on game theory, incentives and network effects. Not ideology.
Clearly, whoever is advising him on Bitcoin doesn’t understand that decentralization (including across jurisdictions) is meaningfully important.
https://www.reuters.com/world/us/trump-says-he-wants-all-remaining-bitcoin-be-made-us-2024-06-12/
He could turn on the money printer and start setting up miners.
Haha killed it!
No such thing as private property. There is only force and avoidance of force. If I stop paying my property tax, I will find out who owns what. We are renters/managers of the states property. If I can protect my property with force, then it is my property. If I rely on the force of the state to enforce my "property rights", then its is the states property. If I try to protect my property from the state, I will become the next Waco. That is why Bitcoin is the closest thing to private property that has ever existed, because it is so difficult to steal, even if the thief has a monopoly on violence.
Nationalization of mining could be seen as a national security issue soon. What's interesting about that is that mining is capital intensive but the government can just turn on the money printer.
Can't get behind this whole battery idea. How is it a battery?


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